HERC EQ Opt 2026_5_9

Asset Allocation

Position	Category/Sector	Target Weight
DBA Invesco DB Agriculture Fund	Agricultural Commodities	8.66%
SOYB Teucrium Soybean Fund	Agricultural Commodities	8.65%
CORN Teucrium Corn Fund	Agricultural Commodities	8.53%
WEAT Teucrium Wheat Fund	Agricultural Commodities	8.37%
AGRO Adecoagro S.A.	Consumer Defensive	7.35%
EWZ iShares MSCI Brazil ETF	Latin America Equities	5.37%
EMEQ Nomura Focused Emerging Markets Equity ETF	Emerging Markets Diversified	5.32%
FLKR Franklin FTSE South Korea ETF	South Korea Equities, Asia Pacific Equities	5.22%
ITRN Ituran Location and Control Ltd.	Technology	5.12%
STM STMicroelectronics N.V.	Technology	4.52%
AMBA Ambarella, Inc.	Technology	4.08%
AMSC American Superconductor Corporation	Industrials	3.72%
DHT DHT Holdings, Inc.	Energy	1.21%
INSW International Seaways, Inc.	Energy	1.20%
SBLK Star Bulk Carriers Corp.	Industrials	1.19%
ECO Okeanis Eco Tankers Corp	Industrials	1.17%
STNG Scorpio Tankers Inc.	Energy	1.17%
TRMD TORM plc	Energy	1.17%
FRO Frontline Ltd.	Energy	1.14%
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	Commodities	0.98%
FTGC First Trust Global Tactical Commodity Strategy Fund	Commodities	0.98%
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF	Commodities	0.97%
HGER Harbor Commodity All-Weather Strategy ETF	Commodities	0.97%
PIT VanEck Commodity Strategy ETF	Commodities	0.97%
USCI United States Commodity Index Fund	Commodities	0.97%
NTR Nutrien Ltd.	Basic Materials	0.92%
LNG Cheniere Energy, Inc.	Energy	0.91%
IXC iShares Global Energy ETF	Energy Equities	0.90%
CF CF Industries Holdings, Inc.	Basic Materials	0.89%
XOM Exxon Mobil Corporation	Energy	0.89%
CVX Chevron Corporation	Energy	0.88%
BG Bunge Limited	Consumer Defensive	0.87%
XOP SPDR S&P Oil & Gas Exploration & Production ETF	Energy Equities	0.85%
XES SPDR S&P Oil & Gas Equipment & Services ETF	Energy Equities	0.82%
DVN Devon Energy Corporation	Energy	0.81%
MTDR Matador Resources Company	Energy	0.77%
TDW Tidewater Inc.	Energy	0.75%
TALO Talos Energy Inc.	Energy	0.74%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Portfolio Optimizer

Find the right asset allocation for HERC EQ Opt 2026_5_9

Add portfolio to the optimizer to find optimal allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in HERC EQ Opt 2026_5_9, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.

Loading charts...

Returns By Period

Position	1D	1M	6M	YTD	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.42%	2.45%	8.74%	10.66%	21.02%	19.50%	11.63%	13.41%
Portfolio HERC EQ Opt 2026_5_9	1.05%	0.80%	36.09%	41.67%	49.30%	—	—	—
Portfolio components:
AGRO Adecoagro S.A.	3.10%	-11.80%	24.56%	31.16%	12.50%	5.30%	4.61%	0.95%
AMBA Ambarella, Inc.	-1.38%	17.48%	11.62%	9.12%	15.58%	-1.42%	-5.30%	3.49%
AMSC American Superconductor Corporation	-3.26%	-8.99%	17.25%	24.95%	-8.20%	75.08%	17.38%	14.23%
BG Bunge Limited	0.62%	-8.75%	15.68%	29.85%	53.17%	6.89%	11.18%	9.82%
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	0.00%	-2.91%	16.72%	20.77%	29.64%	—	—	—
CF CF Industries Holdings, Inc.	2.54%	9.72%	42.89%	52.60%	21.57%	19.81%	20.74%	19.43%
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF	-0.17%	-4.70%	23.49%	26.00%	27.75%	11.57%	11.09%	7.87%
CORN Teucrium Corn Fund	1.33%	4.55%	-2.29%	-1.41%	1.22%	-8.14%	-1.79%	-1.25%
CVX Chevron Corporation	1.35%	-5.07%	10.89%	17.94%	18.34%	8.17%	15.79%	9.70%
DBA Invesco DB Agriculture Fund	0.22%	5.59%	7.72%	8.82%	11.65%	13.55%	12.19%	4.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Sep 5, 2024, HERC EQ Opt 2026_5_9's average daily return is +0.11%, while the average monthly return is +2.26%. At this rate, an investment would double in approximately 2.6 years.

Historically, 65% of months were positive and 35% were negative. The best month was Apr 2026 with a return of +11.9%, while the worst month was Oct 2024 at -3.5%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.

On a daily basis, HERC EQ Opt 2026_5_9 closed higher 60% of trading days. The best single day was Apr 9, 2025 with a return of +6.3%, while the worst single day was Jun 5, 2026 at -5.0%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	8.87%	9.05%	6.08%	11.88%	1.99%	-2.94%	1.56%						41.67%
2025	4.52%	-1.24%	-2.17%	-1.73%	4.61%	6.18%	1.44%	2.68%	1.69%	3.55%	-1.46%	-0.58%	18.45%
2024									3.24%	-3.54%	1.70%	-3.39%	-2.16%

Benchmark Metrics

HERC EQ Opt 2026_5_9 has an annualized alpha of 17.10%, beta of 0.68, and R2 of 0.45 versus S&P 500 Index. Calculated based on daily prices since September 05, 2024.

This portfolio captured 100.72% of S&P 500 Index gains but only 7.30% of its losses - a favorable profile for investors.
Beta of 0.68 may look defensive, but with R2 of 0.45 this portfolio is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
R2 of 0.45 means the benchmark explains less than half of this portfolio's behavior - treat beta with caution or consider switching to a more representative benchmark.

Alpha: 17.10%

Beta: 0.68

R²: 0.45

Upside Capture: 100.72%

Downside Capture: 7.30%

See how alpha, beta & R² have trended over time →

Expense Ratio

HERC EQ Opt 2026_5_9 has an expense ratio of 0.72%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

Top 10 holdings

CORN

Teucrium Corn Fund

WEAT

Teucrium Wheat Fund

SOYB

Teucrium Soybean Fund

USCI

United States Commodity Index Fund

FTGC

First Trust Global Tactical Commodity Strategy Fund

DBA

Invesco DB Agriculture Fund

EMEQ

Nomura Focused Emerging Markets Equity ETF

HGER

Harbor Commodity All-Weather Strategy ETF

EWZ

iShares MSCI Brazil ETF

PIT

VanEck Commodity Strategy ETF

Return for Risk

Risk / Return Rank

HERC EQ Opt 2026_5_9 ranks 94 for risk / return — in the top 94% of Portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below presents risk-adjusted performance metrics for HERC EQ Opt 2026_5_9 and compares them with S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	2.97	1.65	+1.32
Sortino ratioReturn per unit of downside risk	3.60	2.28	+1.31
Omega ratioGain probability vs. loss probability	1.52	1.30	+0.21
Calmar ratioReturn relative to maximum drawdown	6.21	2.28	+3.94
Martin ratioReturn relative to average drawdown	21.06	9.88	+11.17

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

Position	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
AGRO Adecoagro S.A.	56	0.34	0.85	1.10	0.41	1.04
AMBA Ambarella, Inc.	54	0.20	0.80	1.11	0.30	0.59
AMSC American Superconductor Corporation	43	-0.11	0.46	1.06	-0.16	-0.25
BG Bunge Limited	87	1.74	2.71	1.30	2.67	9.27
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	67	1.96	2.61	1.34	2.15	7.97
CF CF Industries Holdings, Inc.	63	0.60	1.10	1.13	0.98	1.88
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF	46	1.36	1.91	1.24	1.66	5.78
CORN Teucrium Corn Fund	10	0.03	0.15	1.02	0.04	0.11
CVX Chevron Corporation	67	0.86	1.26	1.16	0.93	2.63
DBA Invesco DB Agriculture Fund	34	1.08	1.64	1.19	1.35	2.83

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk. Learn how to interpret the Sharpe ratio.

The current HERC EQ Opt 2026_5_9 Sharpe ratio is 2.97 as of Jul 12, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.37 to 2.14, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of HERC EQ Opt 2026_5_9 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Loading charts...

Dividends

Dividend yield

HERC EQ Opt 2026_5_9 provided a 2.42% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.42%	2.73%	3.52%	2.51%	2.57%	1.64%	1.41%	0.97%	0.97%	0.74%	1.09%	1.17%
Portfolio components:
AGRO Adecoagro S.A.	2.87%	4.41%	3.63%	2.95%	3.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
AMBA Ambarella, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
AMSC American Superconductor Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BG Bunge Limited	2.47%	3.12%	3.48%	2.55%	2.31%	2.76%	3.05%	3.48%	3.59%	2.62%	2.21%	2.11%
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	4.14%	4.99%	0.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CF CF Industries Holdings, Inc.	1.71%	2.59%	2.34%	2.01%	1.76%	1.70%	3.10%	2.51%	2.76%	2.82%	3.81%	2.94%
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF	6.14%	7.74%	4.90%	5.19%	29.79%	17.79%	0.36%	2.61%	11.65%	5.16%	0.52%	1.44%
CORN Teucrium Corn Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CVX Chevron Corporation	3.96%	4.49%	4.50%	4.05%	3.16%	4.52%	6.11%	3.95%	4.12%	3.45%	3.64%	4.76%
DBA Invesco DB Agriculture Fund	3.29%	3.58%	4.08%	4.63%	0.48%	0.00%	0.00%	1.55%	1.06%	0.00%	0.00%	0.00%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

Loading charts...

Worst Drawdowns

The table below displays the maximum drawdowns of the HERC EQ Opt 2026_5_9. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the HERC EQ Opt 2026_5_9 was 17.18%, occurring on Apr 8, 2025. Recovery took 58 trading sessions.

The current HERC EQ Opt 2026_5_9 drawdown is 4.25%.

Related event	Drawdown	Fall	Recovery	Underwater
2025 selloff2025	-17.18%Apr 2025	1mo 18d	2mo 25d	4mo 13dFeb 2025 - Jul 2025
2024 pullback2024	-8.38%Dec 2024	2mo 17d	1mo 19d	4mo 6dOct 2024 - Feb 2025
2026 pullback2026	-7.93%Jun 2026	7d	—	1mo 9dJun 2026 - now
2025 pullback2025	-4.64%Oct 2025	21d	17d	1mo 8dSep 2025 - Oct 2025
2025 pullback2025	-4.59%Dec 2025	1mo 12d	21d	2mo 3dNov 2025 - Jan 2026

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

Loading charts...

Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 38 assets, with an effective number of assets of 18.76, reflecting the diversification based on asset allocation. Your portfolio is dominated by one or two holdings, which significantly increases concentration risk. Consider rebalancing toward more even weights or adding additional positions.

Diversification Ratio

	1Y	All Time
Diversification Ratio	2.20	2.03

The portfolio has a diversification ratio of 2.03, placing it in the top 5% across portfolios — assets in this portfolio move largely independently, providing strong diversification benefit.

HERC EQ Opt 2026_5_9 correlation to the S&P 500 Index

HERC EQ Opt 2026_5_9 has a 0.51 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.54

Benchmark Correlations

Correlation vs. S&P 500 Index. AMBA has the highest benchmark correlation at 0.61, while COMT has the lowest at -0.05.

COMT

-0.05

-0.04

-0.04

-0.03

-0.01

0.00

0.00

0.00

0.00

0.00

Portfolio Correlations

Correlation vs. HERC EQ Opt 2026_5_9. EMEQ has the highest portfolio correlation at 0.66, while LNG has the lowest at 0.20.

LNG

0.20

0.26

0.29

0.30

0.31

0.31

0.32

0.33

0.34

DHT

0.35

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	ITRN	AMSC	WEAT	CORN	AMBA	STM	AGRO	FLKR	DBA	SOYB	EMEQ	EWZ	LNG	DHT	SBLK	BG	FRO	ECO	NTR	STNG	CF	TRMD	INSW	TDW	TALO	CVX	XOM	HGER	MTDR	DVN	PIT	USCI	COMT	FTGC	CERY	XES	XOP	IXC
ITRN	1.00	0.36	-0.01	-0.04	0.44	0.35	0.07	0.34	0.10	0.04	0.40	0.26	0.01	0.12	0.17	0.13	0.11	0.12	0.08	0.10	-0.07	0.10	0.14	0.16	0.06	0.04	-0.04	0.07	0.05	0.06	0.03	0.07	-0.01	0.08	0.07	0.26	0.07	0.08
AMSC	0.36	1.00	-0.04	-0.02	0.47	0.41	0.04	0.41	0.07	0.06	0.44	0.27	0.11	0.08	0.14	0.01	0.08	0.08	0.07	0.11	-0.01	0.06	0.09	0.20	0.06	-0.00	0.01	0.04	0.10	0.09	0.01	0.04	0.00	0.05	0.05	0.31	0.12	0.12
WEAT	-0.01	-0.04	1.00	0.68	0.01	0.01	0.09	0.08	0.39	0.48	0.08	0.09	0.14	0.07	0.03	0.13	0.07	0.06	0.14	0.11	0.20	0.11	0.07	0.04	0.10	0.14	0.16	0.32	0.14	0.08	0.21	0.22	0.27	0.34	0.36	0.11	0.16	0.17
CORN	-0.04	-0.02	0.68	1.00	0.04	-0.01	0.16	0.03	0.41	0.64	0.05	0.05	0.14	0.07	0.06	0.11	0.06	0.06	0.15	0.08	0.20	0.05	0.06	0.06	0.11	0.12	0.15	0.31	0.11	0.08	0.21	0.24	0.27	0.34	0.36	0.11	0.15	0.15
AMBA	0.44	0.47	0.01	0.04	1.00	0.52	0.02	0.47	0.16	0.07	0.51	0.23	0.03	0.12	0.21	0.02	0.11	0.13	0.08	0.12	-0.02	0.19	0.16	0.19	0.09	0.01	-0.02	0.11	0.12	0.08	0.07	0.10	0.01	0.11	0.11	0.29	0.14	0.09
STM	0.35	0.41	0.01	-0.01	0.52	1.00	0.02	0.51	0.14	0.13	0.54	0.37	-0.02	0.07	0.22	0.18	0.08	0.06	0.15	0.12	-0.02	0.12	0.10	0.21	0.08	0.05	0.06	0.06	0.12	0.12	0.05	0.07	-0.00	0.09	0.11	0.30	0.13	0.14
AGRO	0.07	0.04	0.09	0.16	0.02	0.02	1.00	0.05	0.12	0.14	0.06	0.25	0.16	0.07	0.17	0.30	0.05	0.08	0.30	0.01	0.27	0.07	0.08	0.21	0.31	0.28	0.26	0.28	0.26	0.27	0.31	0.31	0.32	0.32	0.32	0.28	0.32	0.35
FLKR	0.34	0.41	0.08	0.03	0.47	0.51	0.05	1.00	0.14	0.11	0.85	0.43	-0.04	0.14	0.22	0.14	0.15	0.14	0.09	0.15	-0.01	0.16	0.16	0.17	-0.03	-0.01	0.00	0.14	0.03	0.01	0.11	0.12	0.03	0.16	0.18	0.25	0.05	0.11
DBA	0.10	0.07	0.39	0.41	0.16	0.14	0.12	0.14	1.00	0.41	0.15	0.19	0.09	0.05	0.09	0.14	0.08	0.11	0.17	0.10	0.21	0.12	0.05	0.11	0.10	0.13	0.13	0.36	0.14	0.13	0.31	0.51	0.32	0.48	0.40	0.17	0.18	0.19
SOYB	0.04	0.06	0.48	0.64	0.07	0.13	0.14	0.11	0.41	1.00	0.12	0.22	0.11	0.09	0.18	0.25	0.10	0.11	0.18	0.15	0.23	0.12	0.11	0.18	0.14	0.18	0.16	0.31	0.16	0.16	0.23	0.29	0.27	0.37	0.36	0.21	0.21	0.22
EMEQ	0.40	0.44	0.08	0.05	0.51	0.54	0.06	0.85	0.15	0.12	1.00	0.50	-0.05	0.15	0.26	0.15	0.16	0.16	0.10	0.13	-0.02	0.14	0.14	0.20	0.01	-0.00	0.02	0.17	0.05	0.05	0.13	0.14	0.05	0.19	0.21	0.29	0.08	0.13
EWZ	0.26	0.27	0.09	0.05	0.23	0.37	0.25	0.43	0.19	0.22	0.50	1.00	0.04	0.21	0.28	0.28	0.19	0.17	0.15	0.14	0.08	0.17	0.20	0.29	0.06	0.12	0.12	0.21	0.10	0.14	0.17	0.22	0.11	0.26	0.25	0.36	0.14	0.23
LNG	0.01	0.11	0.14	0.14	0.03	-0.02	0.16	-0.04	0.09	0.11	-0.05	0.04	1.00	0.13	0.14	0.19	0.15	0.14	0.29	0.13	0.42	0.11	0.14	0.24	0.41	0.42	0.40	0.27	0.43	0.45	0.31	0.29	0.37	0.30	0.30	0.36	0.55	0.54
DHT	0.12	0.08	0.07	0.07	0.12	0.07	0.07	0.14	0.05	0.09	0.15	0.21	0.13	1.00	0.54	0.15	0.88	0.79	0.12	0.75	0.10	0.71	0.82	0.30	0.14	0.21	0.16	0.14	0.15	0.20	0.12	0.12	0.11	0.14	0.12	0.21	0.20	0.24
SBLK	0.17	0.14	0.03	0.06	0.21	0.22	0.17	0.22	0.09	0.18	0.26	0.28	0.14	0.54	1.00	0.25	0.53	0.51	0.16	0.47	0.12	0.49	0.54	0.37	0.18	0.19	0.18	0.20	0.18	0.20	0.18	0.20	0.15	0.22	0.21	0.30	0.22	0.26
BG	0.13	0.01	0.13	0.11	0.02	0.18	0.30	0.14	0.14	0.25	0.15	0.28	0.19	0.15	0.25	1.00	0.17	0.18	0.38	0.18	0.38	0.21	0.19	0.33	0.34	0.42	0.41	0.27	0.34	0.39	0.31	0.31	0.30	0.33	0.37	0.39	0.40	0.48
FRO	0.11	0.08	0.07	0.06	0.11	0.08	0.05	0.15	0.08	0.10	0.16	0.19	0.15	0.88	0.53	0.17	1.00	0.85	0.14	0.76	0.14	0.76	0.83	0.32	0.17	0.23	0.19	0.21	0.19	0.21	0.19	0.20	0.19	0.22	0.21	0.25	0.23	0.27
ECO	0.12	0.08	0.06	0.06	0.13	0.06	0.08	0.14	0.11	0.11	0.16	0.17	0.14	0.79	0.51	0.18	0.85	1.00	0.15	0.71	0.15	0.73	0.77	0.34	0.17	0.21	0.21	0.22	0.20	0.22	0.22	0.23	0.22	0.23	0.23	0.28	0.24	0.28
NTR	0.08	0.07	0.14	0.15	0.08	0.15	0.30	0.09	0.17	0.18	0.10	0.15	0.29	0.12	0.16	0.38	0.14	0.15	1.00	0.14	0.67	0.19	0.14	0.27	0.34	0.36	0.39	0.41	0.37	0.41	0.40	0.38	0.41	0.41	0.43	0.33	0.43	0.46
STNG	0.10	0.11	0.11	0.08	0.12	0.12	0.01	0.15	0.10	0.15	0.13	0.14	0.13	0.75	0.47	0.18	0.76	0.71	0.14	1.00	0.18	0.77	0.84	0.36	0.25	0.29	0.26	0.20	0.24	0.28	0.21	0.23	0.24	0.23	0.21	0.31	0.31	0.32
CF	-0.07	-0.01	0.20	0.20	-0.02	-0.02	0.27	-0.01	0.21	0.23	-0.02	0.08	0.42	0.10	0.12	0.38	0.14	0.15	0.67	0.18	1.00	0.18	0.13	0.28	0.44	0.45	0.48	0.42	0.45	0.46	0.47	0.46	0.52	0.46	0.48	0.35	0.54	0.54
TRMD	0.10	0.06	0.11	0.05	0.19	0.12	0.07	0.16	0.12	0.12	0.14	0.17	0.11	0.71	0.49	0.21	0.76	0.73	0.19	0.77	0.18	1.00	0.80	0.36	0.23	0.27	0.24	0.24	0.24	0.28	0.24	0.26	0.26	0.26	0.26	0.31	0.31	0.33
INSW	0.14	0.09	0.07	0.06	0.16	0.10	0.08	0.16	0.05	0.11	0.14	0.20	0.14	0.82	0.54	0.19	0.83	0.77	0.14	0.84	0.13	0.80	1.00	0.39	0.27	0.28	0.26	0.22	0.25	0.29	0.20	0.21	0.21	0.22	0.21	0.32	0.30	0.33
TDW	0.16	0.20	0.04	0.06	0.19	0.21	0.21	0.17	0.11	0.18	0.20	0.29	0.24	0.30	0.37	0.33	0.32	0.34	0.27	0.36	0.28	0.36	0.39	1.00	0.52	0.48	0.49	0.30	0.54	0.53	0.36	0.34	0.39	0.37	0.37	0.72	0.56	0.57
TALO	0.06	0.06	0.10	0.11	0.09	0.08	0.31	-0.03	0.10	0.14	0.01	0.06	0.41	0.14	0.18	0.34	0.17	0.17	0.34	0.25	0.44	0.23	0.27	0.52	1.00	0.63	0.63	0.41	0.77	0.75	0.53	0.50	0.59	0.49	0.49	0.64	0.81	0.71
CVX	0.04	-0.00	0.14	0.12	0.01	0.05	0.28	-0.01	0.13	0.18	-0.00	0.12	0.42	0.21	0.19	0.42	0.23	0.21	0.36	0.29	0.45	0.27	0.28	0.48	0.63	1.00	0.81	0.37	0.68	0.74	0.47	0.45	0.54	0.44	0.46	0.60	0.75	0.85
XOM	-0.04	0.01	0.16	0.15	-0.02	0.06	0.26	0.00	0.13	0.16	0.02	0.12	0.40	0.16	0.18	0.41	0.19	0.21	0.39	0.26	0.48	0.24	0.26	0.49	0.63	0.81	1.00	0.40	0.67	0.73	0.50	0.47	0.58	0.46	0.50	0.61	0.73	0.88
HGER	0.07	0.04	0.32	0.31	0.11	0.06	0.28	0.14	0.36	0.31	0.17	0.21	0.27	0.14	0.20	0.27	0.21	0.22	0.41	0.20	0.42	0.24	0.22	0.30	0.41	0.37	0.40	1.00	0.42	0.40	0.86	0.79	0.80	0.86	0.86	0.38	0.48	0.50
MTDR	0.05	0.10	0.14	0.11	0.12	0.12	0.26	0.03	0.14	0.16	0.05	0.10	0.43	0.15	0.18	0.34	0.19	0.20	0.37	0.24	0.45	0.24	0.25	0.54	0.77	0.68	0.67	0.42	1.00	0.82	0.55	0.52	0.63	0.52	0.54	0.70	0.89	0.78
DVN	0.06	0.09	0.08	0.08	0.08	0.12	0.27	0.01	0.13	0.16	0.05	0.14	0.45	0.20	0.20	0.39	0.21	0.22	0.41	0.28	0.46	0.28	0.29	0.53	0.75	0.74	0.73	0.40	0.82	1.00	0.53	0.53	0.62	0.50	0.52	0.69	0.88	0.84
PIT	0.03	0.01	0.21	0.21	0.07	0.05	0.31	0.11	0.31	0.23	0.13	0.17	0.31	0.12	0.18	0.31	0.19	0.22	0.40	0.21	0.47	0.24	0.20	0.36	0.53	0.47	0.50	0.86	0.55	0.53	1.00	0.89	0.92	0.92	0.92	0.47	0.60	0.61
USCI	0.07	0.04	0.22	0.24	0.10	0.07	0.31	0.12	0.51	0.29	0.14	0.22	0.29	0.12	0.20	0.31	0.20	0.23	0.38	0.23	0.46	0.26	0.21	0.34	0.50	0.45	0.47	0.79	0.52	0.53	0.89	1.00	0.86	0.90	0.87	0.47	0.59	0.59
COMT	-0.01	0.00	0.27	0.27	0.01	-0.00	0.32	0.03	0.32	0.27	0.05	0.11	0.37	0.11	0.15	0.30	0.19	0.22	0.41	0.24	0.52	0.26	0.21	0.39	0.59	0.54	0.58	0.80	0.63	0.62	0.92	0.86	1.00	0.86	0.89	0.52	0.67	0.67
FTGC	0.08	0.05	0.34	0.34	0.11	0.09	0.32	0.16	0.48	0.37	0.19	0.26	0.30	0.14	0.22	0.33	0.22	0.23	0.41	0.23	0.46	0.26	0.22	0.37	0.49	0.44	0.46	0.86	0.52	0.50	0.92	0.90	0.86	1.00	0.92	0.47	0.59	0.58
CERY	0.07	0.05	0.36	0.36	0.11	0.11	0.32	0.18	0.40	0.36	0.21	0.25	0.30	0.12	0.21	0.37	0.21	0.23	0.43	0.21	0.48	0.26	0.21	0.37	0.49	0.46	0.50	0.86	0.54	0.52	0.92	0.87	0.89	0.92	1.00	0.50	0.59	0.61
XES	0.26	0.31	0.11	0.11	0.29	0.30	0.28	0.25	0.17	0.21	0.29	0.36	0.36	0.21	0.30	0.39	0.25	0.28	0.33	0.31	0.35	0.31	0.32	0.72	0.64	0.60	0.61	0.38	0.70	0.69	0.47	0.47	0.52	0.47	0.50	1.00	0.74	0.76
XOP	0.07	0.12	0.16	0.15	0.14	0.13	0.32	0.05	0.18	0.21	0.08	0.14	0.55	0.20	0.22	0.40	0.23	0.24	0.43	0.31	0.54	0.31	0.30	0.56	0.81	0.75	0.73	0.48	0.89	0.88	0.60	0.59	0.67	0.59	0.59	0.74	1.00	0.87
IXC	0.08	0.12	0.17	0.15	0.09	0.14	0.35	0.11	0.19	0.22	0.13	0.23	0.54	0.24	0.26	0.48	0.27	0.28	0.46	0.32	0.54	0.33	0.33	0.57	0.71	0.85	0.88	0.50	0.78	0.84	0.61	0.59	0.67	0.58	0.61	0.76	0.87	1.00

The correlation results are calculated based on daily price changes starting from Sep 5, 2024

Diversification Analysis

Find what HERC EQ Opt 2026_5_9 is missing

See which holdings overlap, where HERC EQ Opt 2026_5_9 is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification