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2025-08 Stock Rater All Stocks 4
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Diversification

Asset Allocation


2 positions 4.00%48 positions 96.00%CommodityCommodityEquityEquity
PositionCategory/SectorTarget Weight
GLD
SPDR Gold Shares
Gold, Precious Metals
2%
IAU
iShares Gold Trust
Gold, Precious Metals
2%
SPY
State Street SPDR S&P 500 ETF
S&P 500
2%
GSK
GlaxoSmithKline plc
Healthcare
2%
ADP
Automatic Data Processing, Inc.
Industrials
2%
DELL
Dell Technologies Inc.
Technology
2%
NKE
NIKE, Inc.
Consumer Cyclical
2%
SYK
Stryker Corporation
Healthcare
2%
SNY
Sanofi
Healthcare
2%
RACE
Ferrari N.V.
Consumer Cyclical
2%
PG
The Procter & Gamble Company
Consumer Defensive
2%
ITW
Illinois Tool Works Inc.
Industrials
2%
WFC
Wells Fargo & Company
Financial Services
2%
PLD
Prologis, Inc.
Real Estate
2%
SHW
The Sherwin-Williams Company
Basic Materials
2%
PPL
PPL Corporation
Utilities
2%
BHP
BHP Group Limited
Basic Materials
2%
MCHP
Microchip Technology Incorporated
Technology
2%
CVX
Chevron Corporation
Energy
2%
HON
Honeywell International Inc
Industrials
2%
PSA
Public Storage
Real Estate
2%
PYPL
PayPal Holdings, Inc.
Financial Services
2%
MTD
Mettler-Toledo International Inc.
Healthcare
2%
NIO
NIO Inc.
Consumer Cyclical
2%
CARR
Carrier Global Corporation
Industrials
2%
PEP
PepsiCo, Inc.
Consumer Defensive
2%
UL
The Unilever Group
Consumer Defensive
2%
DOV
Dover Corporation
Industrials
2%
SO
The Southern Company
Utilities
2%
SKX
Skechers U.S.A., Inc.
Consumer Cyclical
2%
LMT
Lockheed Martin Corporation
Industrials
2%
CSX
CSX Corporation
Industrials
2%
BLDR
Builders FirstSource, Inc.
Industrials
2%
COP
ConocoPhillips Company
Energy
2%
D
Dominion Energy, Inc.
Utilities
2%
ECL
Ecolab Inc.
Basic Materials
2%
CRM
Salesforce, Inc.
Technology
2%
MCD
McDonald's Corporation
Consumer Cyclical
2%
XOM
Exxon Mobil Corporation
Energy
2%
WBD
Warner Bros. Discovery, Inc.
Communication Services
2%
EDIT
Editas Medicine, Inc.
Healthcare
2%
SNA
Snap-on Incorporated
Industrials
2%
AVY
Avery Dennison Corporation
Industrials
2%
MRSH
Marsh & McLennan Companies, Inc
Financial Services
2%
ACN
Accenture plc
Technology
2%
O
Realty Income Corporation
Real Estate
2%
WMT
Walmart Inc.
Consumer Defensive
2%
CMS
CMS Energy Corporation
Utilities
2%
CPK
Chesapeake Utilities Corporation
Utilities
2%
CDW
CDW Corporation
Technology
2%

S&P 500 Index

Portfolio Optimizer

Find the right asset allocation for 2025-08 Stock Rater All Stocks 4

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

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in 2025-08 Stock Rater All Stocks 4, 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.


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Returns By Period


Position1D1MYTD6M1Y3Y*5Y*10Y*
Benchmark
S&P 500 Index
0.50%0.31%8.56%8.85%24.33%19.37%11.84%13.61%
Portfolio
2025-08 Stock Rater All Stocks 4
0.64%4.83%7.80%6.15%16.57%11.12%7.74%
ACN
Accenture plc
1.65%0.86%-35.62%-36.39%-43.95%-16.94%-8.24%5.50%
ADP
Automatic Data Processing, Inc.
0.96%6.27%-10.66%-13.64%-24.22%3.25%4.80%12.40%
AVY
Avery Dennison Corporation
0.31%2.60%-11.44%-11.79%-6.75%0.06%-4.53%9.69%
BHP
BHP Group Limited
3.20%7.61%53.40%55.28%94.96%19.44%16.25%23.18%
BLDR
Builders FirstSource, Inc.
-1.02%10.45%-24.41%-28.31%-30.12%-14.86%12.14%21.56%
CARR
Carrier Global Corporation
0.24%8.10%33.35%33.09%-0.12%16.03%10.28%
CDW
CDW Corporation
2.37%30.28%-1.88%-7.79%-20.93%-7.68%-3.49%13.42%
CMS
CMS Energy Corporation
0.99%2.69%6.82%6.95%7.49%10.50%7.32%8.55%
COP
ConocoPhillips Company
1.40%-4.44%26.87%24.31%24.65%7.68%18.49%13.66%
CPK
Chesapeake Utilities Corporation
1.01%-0.98%-0.45%-1.95%5.77%0.97%2.45%9.34%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Apr 3, 2020, 2025-08 Stock Rater All Stocks 4's average daily return is +0.07%, while the average monthly return is +1.48%. At this rate, an investment would double in approximately 3.9 years.

Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +16.0%, while the worst month was Sep 2022 at -9.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, 2025-08 Stock Rater All Stocks 4 closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +7.2%, while the worst single day was Jun 11, 2020 at -6.1%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20264.03%5.39%-5.11%2.78%0.85%-0.03%7.80%
20253.45%1.39%-4.37%-1.50%3.75%2.20%1.12%3.22%2.55%0.17%-1.20%0.04%11.02%
2024-1.72%3.97%2.96%-3.14%2.88%-2.64%4.81%2.96%3.43%-3.34%3.48%-6.55%6.49%
20237.16%-3.40%2.79%0.92%-3.37%6.64%3.73%-3.37%-4.28%-3.78%9.27%5.27%17.50%
2022-4.10%-2.61%2.46%-5.58%0.49%-7.34%8.59%-3.92%-9.31%8.57%6.49%-3.67%-11.34%
2021-1.97%3.57%4.96%4.80%0.70%1.87%1.64%2.88%-5.92%5.99%-1.06%5.53%24.73%

Benchmark Metrics

2025-08 Stock Rater All Stocks 4 has an annualized alpha of 2.18%, beta of 0.83, and R2 of 0.78 versus S&P 500 Index. Calculated based on daily prices since April 03, 2020.

  • This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (87.23%) than losses (86.77%) - typical of diversified or defensive assets.
  • This portfolio generated an annualized alpha of 2.18% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.

Alpha
2.18%
Beta
0.83
0.78
Upside Capture
87.23%
Downside Capture
86.77%

Expense Ratio

2025-08 Stock Rater All Stocks 4 has an expense ratio of 0.01%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.


Return for Risk

Risk / Return Rank

2025-08 Stock Rater All Stocks 4 ranks 20 for risk / return — in the bottom 20% of Portfolios on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.


2025-08 Stock Rater All Stocks 4 Risk / Return Rank: 2020
Overall Rank
2025-08 Stock Rater All Stocks 4 Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
2025-08 Stock Rater All Stocks 4 Sortino Ratio Rank: 1919
Sortino Ratio Rank
2025-08 Stock Rater All Stocks 4 Omega Ratio Rank: 1818
Omega Ratio Rank
2025-08 Stock Rater All Stocks 4 Calmar Ratio Rank: 2424
Calmar Ratio Rank
2025-08 Stock Rater All Stocks 4 Martin Ratio Rank: 1919
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 2025-08 Stock Rater All Stocks 4 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.


PortfolioBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

1.23

1.86

-0.63

Sortino ratioReturn per unit of downside risk

1.84

2.53

-0.69

Omega ratioGain probability vs. loss probability

1.22

1.34

-0.12

Calmar ratioReturn relative to maximum drawdown

1.92

2.53

-0.62

Martin ratioReturn relative to average drawdown

5.28

11.37

-6.09


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

PositionRisk / Return RankSharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
ACN
Accenture plc
3
-1.26-1.930.77-0.94-1.72
ADP
Automatic Data Processing, Inc.
11
-1.02-1.410.83-0.65-1.21
AVY
Avery Dennison Corporation
24
-0.39-0.470.95-0.43-0.91
BHP
BHP Group Limited
93
2.803.341.424.5716.96
BLDR
Builders FirstSource, Inc.
17
-0.67-0.900.91-0.59-1.11
CARR
Carrier Global Corporation
38
-0.050.171.02-0.05-0.08
CDW
CDW Corporation
20
-0.57-0.570.92-0.51-0.99
CMS
CMS Energy Corporation
54
0.440.701.080.621.61
COP
ConocoPhillips Company
69
0.951.431.171.864.08
CPK
Chesapeake Utilities Corporation
47
0.230.441.050.340.70

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 2025-08 Stock Rater All Stocks 4 Sharpe ratio is 1.23 as of Jun 13, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.53 to 2.41, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests weaker risk-adjusted returns than most portfolios, possibly due to lower returns, higher volatility, or both. It may be worth reviewing the allocation. You can use the Portfolio Optimization tool to explore options for improving the Sharpe ratio.

The chart below shows the rolling Sharpe ratio of 2025-08 Stock Rater All Stocks 4 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.


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Dividends

Dividend yield

2025-08 Stock Rater All Stocks 4 provided a 2.10% dividend yield over the last twelve months.


PositionTTM20252024202320222021202020192018201720162015
Portfolio2.10%2.14%2.07%2.00%2.42%1.84%2.07%1.93%2.17%1.87%1.99%2.42%
ACN
Accenture plc
3.74%2.26%1.52%1.33%1.51%0.87%1.26%1.07%1.98%1.66%1.97%2.03%
ADP
Automatic Data Processing, Inc.
2.94%2.46%1.96%2.21%1.83%1.55%2.08%1.92%2.14%2.00%2.10%2.36%
AVY
Avery Dennison Corporation
2.40%2.03%1.84%1.57%1.62%1.23%1.52%1.73%2.24%1.53%2.28%2.33%
BHP
BHP Group Limited
2.93%3.64%5.98%4.98%22.44%9.98%3.67%8.59%4.89%3.61%1.68%9.38%
BLDR
Builders FirstSource, 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%
CARR
Carrier Global Corporation
1.65%1.70%1.16%1.30%1.54%0.94%0.74%0.00%0.00%0.00%0.00%0.00%
CDW
CDW Corporation
1.90%1.84%1.43%1.05%1.17%0.83%1.17%0.89%1.14%0.99%0.93%0.74%
CMS
CMS Energy Corporation
3.02%3.10%3.09%3.36%3.62%2.67%2.67%2.43%2.88%2.81%2.98%3.22%
COP
ConocoPhillips Company
2.82%3.40%3.35%3.37%4.23%2.70%4.23%2.05%1.86%1.93%1.99%6.30%
CPK
Chesapeake Utilities Corporation
2.22%2.16%2.07%2.18%1.76%1.29%1.59%1.65%1.77%1.63%1.80%2.00%

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.


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Worst Drawdowns

The table below displays the maximum drawdowns of the 2025-08 Stock Rater All Stocks 4. 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 2025-08 Stock Rater All Stocks 4 was 20.92%, occurring on Sep 30, 2022. Recovery took 202 trading sessions.

The current 2025-08 Stock Rater All Stocks 4 drawdown is 1.67%.


Related event

Drawdown

Fall

Recovery

Underwater

Bear market2022
-20.92%Sep 2022
8mo 28d9mo 27d
1y 6moJan 2022 - Jul 2023
2025 selloff2025
-17.63%Apr 2025
1mo 17d3mo 3d
4mo 20dFeb 2025 - Jul 2025
2023 correction2023
-12.54%Oct 2023
2mo 27d1mo 17d
4mo 14dAug 2023 - Dec 2023
2020 pullback2020
-8.43%Jun 2020
2d1mo 11d
1mo 13dJun 2020 - Jul 2020
2025 pullback2025
-8.31%Jan 2025
2mo 21d1mo 10d
4mo 1dOct 2024 - Feb 2025

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Diversification

Diversification Metrics


Number of Effective Assets

The portfolio contains 50 assets, with an effective number of assets of 50.00, reflecting the diversification based on asset allocation. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.


Diversification Ratio
1Y
3Y
5Y
All Time
Diversification Ratio

2.48

2.11

1.89

1.84

The portfolio has a diversification ratio of 1.84, placing it in the top 5% across portfolios — assets in this portfolio move largely independently, providing strong diversification benefit.

2025-08 Stock Rater All Stocks 4 correlation to the S&P 500 Index

2025-08 Stock Rater All Stocks 4 has a 0.56 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

0.56

Correlation (3Y)
Calculated over the trailing 3-year period

0.70

Correlation (5Y)
Calculated over the trailing 5-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Apr 3, 2020

0.83


Benchmark Correlations

Correlation vs. S&P 500 Index. SPY has the highest benchmark correlation at 1.00, while IAU has the lowest at 0.14.

IAU
0.14
GLD
0.14
CMS
0.22
D
0.24
SO
0.24
LMT
0.24
SNY
0.25
XOM
0.28
PG
0.28
UL
0.28
CPK
0.29
COP
0.29
GSK
0.29
CVX
0.31
PEP
0.31
WMT
0.32
PPL
0.34
O
0.36
PSA
0.37
NIO
0.38
MCD
0.39
WBD
0.40
EDIT
0.42
MRSH
0.48
BHP
0.49
SKX
0.50
WFC
0.52
PLD
0.53
NKE
0.55
ADP
0.55
SHW
0.56
SNA
0.56
AVY
0.57
SYK
0.57
RACE
0.57
BLDR
0.57
CSX
0.57
DELL
0.57
CRM
0.58
MTD
0.59
ITW
0.59
PYPL
0.59
CARR
0.60
HON
0.60
ECL
0.62
ACN
0.63
CDW
0.65
DOV
0.65
MCHP
0.66
SPY
1.00

Portfolio Correlations

Correlation vs. 2025-08 Stock Rater All Stocks 4. SPY has the highest portfolio correlation at 0.84, while IAU has the lowest at 0.21.

IAU
0.21
GLD
0.21
SNY
0.34
LMT
0.34
WMT
0.35
GSK
0.40
COP
0.40
CMS
0.40
PG
0.40
UL
0.40
XOM
0.40
D
0.41
SO
0.41
CPK
0.43
CVX
0.44
NIO
0.44
PEP
0.44
MCD
0.47
CRM
0.48
WBD
0.49
PSA
0.50
DELL
0.50
PPL
0.51
EDIT
0.52
O
0.52
BHP
0.55
MRSH
0.55
SKX
0.55
PYPL
0.55
RACE
0.56
WFC
0.56
SYK
0.58
ADP
0.60
NKE
0.62
MTD
0.63
SHW
0.63
ACN
0.64
PLD
0.64
MCHP
0.64
CARR
0.65
CSX
0.65
CDW
0.65
BLDR
0.66
SNA
0.68
ECL
0.69
AVY
0.70
HON
0.71
ITW
0.73
DOV
0.74
SPY
0.84

Asset Correlations Table

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

IAUGLDNIOSNYCOPWMTLMTXOMEDITGSKCVXWBDCRMDELLULPGDCPKCMSPYPLSOSKXPEPBHPMCDRACEWFCPSAOPPLMCHPNKEMRSHBLDRSYKMTDCARRADPACNCDWSHWPLDCSXSNAAVYECLHONDOVITWSPY
IAU1.001.000.110.100.080.070.090.090.110.140.090.060.060.080.170.100.150.080.140.080.140.040.060.320.070.130.010.160.130.100.100.050.020.080.080.120.090.020.080.020.090.110.080.090.070.110.130.110.080.14
GLD1.001.000.110.100.070.080.090.090.110.140.090.060.070.080.170.100.150.070.140.080.140.040.060.320.070.130.010.160.130.100.100.050.020.080.080.120.080.020.080.020.090.110.080.090.070.110.130.110.080.14
NIO0.110.111.000.130.120.11-0.020.110.380.100.140.260.260.210.100.030.040.040.020.370.020.270.050.320.100.320.190.110.140.120.360.290.100.250.140.260.260.130.190.220.180.240.190.200.260.200.210.240.230.38
SNY0.100.100.131.000.100.120.160.110.190.550.120.120.170.110.350.290.220.180.220.160.240.110.310.190.230.280.160.220.230.240.170.210.250.200.260.260.180.200.220.180.230.270.200.190.260.270.230.220.240.25
COP0.080.070.120.101.000.080.310.820.090.110.830.230.140.220.040.030.120.160.110.140.160.230.120.380.120.100.390.100.180.220.220.190.200.240.140.150.210.240.190.280.060.160.330.290.280.150.290.330.300.30
WMT0.070.080.110.120.081.000.200.110.120.180.120.090.140.140.270.400.300.250.310.190.310.150.380.120.320.210.140.270.220.290.160.210.300.160.280.180.180.270.230.200.330.280.250.210.260.320.260.230.300.32
LMT0.090.09-0.020.160.310.201.000.290.060.210.300.150.060.100.230.280.300.270.340.070.330.120.320.160.300.110.230.240.310.370.090.150.320.150.230.140.160.310.180.200.220.210.270.290.270.270.410.270.330.24
XOM0.090.090.110.110.820.110.291.000.080.130.870.260.100.210.080.070.150.200.150.120.190.250.160.400.170.100.370.120.210.260.210.190.220.220.150.160.210.240.180.280.080.170.330.310.290.170.310.330.330.28
EDIT0.110.110.380.190.090.120.060.081.000.180.090.310.340.240.120.080.090.170.080.400.070.270.110.240.110.290.230.190.190.140.380.320.160.340.210.340.280.200.290.300.300.310.250.250.240.270.270.300.260.42
GSK0.140.140.100.550.110.180.210.130.181.000.140.160.110.150.390.330.300.220.270.110.290.140.340.280.280.250.180.280.290.290.180.220.300.190.320.310.200.240.240.190.270.320.220.210.300.310.290.260.290.29
CVX0.090.090.140.120.830.120.300.870.090.141.000.260.110.240.090.080.180.200.160.140.200.250.160.410.170.110.390.140.230.250.240.210.230.240.180.180.230.260.230.300.100.190.340.340.300.200.340.370.350.32
WBD0.060.060.260.120.230.090.150.260.310.160.261.000.250.250.130.100.160.190.140.280.150.360.130.270.200.250.390.170.250.250.340.340.160.330.210.240.290.250.270.320.220.270.290.390.310.270.340.360.350.40
CRM0.060.070.260.170.140.140.060.100.340.110.110.251.000.340.140.100.040.100.040.540.050.290.150.210.210.350.230.160.150.090.410.350.340.310.360.370.310.400.540.430.320.290.280.240.270.310.260.300.250.58
DELL0.080.080.210.110.220.140.100.210.240.150.240.250.341.000.100.060.030.100.030.310.030.350.080.340.150.330.370.120.110.110.460.330.230.370.290.340.380.250.340.490.280.230.340.380.350.300.360.410.340.57
UL0.170.170.100.350.040.270.230.080.120.390.090.130.140.101.000.560.340.310.350.160.370.170.460.210.380.270.140.320.350.360.150.250.350.200.310.260.210.280.250.190.350.350.240.240.310.380.290.260.350.28
PG0.100.100.030.290.030.400.280.070.080.330.080.100.100.060.561.000.450.390.480.140.490.120.640.140.440.230.140.380.370.440.120.260.410.170.350.260.200.340.300.190.390.380.320.240.340.420.350.280.390.28
D0.150.150.040.220.120.300.300.150.090.300.180.160.040.030.340.451.000.530.740.120.740.130.470.180.340.170.190.440.480.670.060.200.340.150.280.230.180.340.200.170.320.420.300.260.300.340.320.270.330.24
CPK0.080.070.040.180.160.250.270.200.170.220.200.190.100.100.310.390.531.000.590.140.580.170.410.180.320.180.230.400.460.550.140.200.320.230.280.220.240.330.220.240.350.400.310.320.330.350.350.310.350.29
CMS0.140.140.020.220.110.310.340.150.080.270.160.140.040.030.350.480.740.591.000.100.780.110.510.160.380.150.170.460.500.720.070.180.360.140.310.200.190.350.220.190.340.430.310.270.300.380.320.280.340.22
PYPL0.080.080.370.160.140.190.070.120.400.110.140.280.540.310.160.140.120.140.101.000.090.280.180.280.210.420.280.220.220.150.440.420.320.370.340.410.340.370.480.400.360.350.300.290.350.370.320.350.300.59
SO0.140.140.020.240.160.310.330.190.070.290.200.150.050.030.370.490.740.580.780.091.000.120.490.160.390.150.170.450.510.710.090.200.380.140.310.200.190.350.210.180.300.420.310.260.320.380.350.270.340.24
SKX0.040.040.270.110.230.150.120.250.270.140.250.360.290.350.170.120.130.170.110.280.121.000.120.320.250.330.410.180.250.240.400.500.250.450.340.330.400.310.340.410.310.290.380.410.450.390.400.460.390.50
PEP0.060.060.050.310.120.380.320.160.110.340.160.130.150.080.460.640.470.410.510.180.490.121.000.160.480.240.140.410.410.450.160.260.430.210.340.290.200.390.290.250.400.400.340.260.340.400.360.270.380.32
BHP0.320.320.320.190.380.120.160.400.240.280.410.270.210.340.210.140.180.180.160.280.160.320.161.000.200.310.330.230.250.230.410.340.190.330.260.310.320.230.280.310.240.300.380.390.360.350.390.420.400.49
MCD0.070.070.100.230.120.320.300.170.110.280.170.200.210.150.380.440.340.320.380.210.390.250.480.201.000.300.260.370.380.390.240.330.460.270.410.300.280.410.340.320.360.380.360.320.370.420.420.340.400.39
RACE0.130.130.320.280.100.210.110.100.290.250.110.250.350.330.270.230.170.180.150.420.150.330.240.310.301.000.270.280.230.190.430.410.340.420.360.390.400.330.400.400.410.370.340.360.400.440.360.400.400.57
WFC0.010.010.190.160.390.140.230.370.230.180.390.390.230.370.140.140.190.230.170.280.170.410.140.330.260.271.000.190.270.320.370.310.310.390.320.310.410.360.320.420.300.310.440.500.450.380.480.520.460.52
PSA0.160.160.110.220.100.270.240.120.190.280.140.170.160.120.320.380.440.400.460.220.450.180.410.230.370.280.191.000.590.440.240.280.380.310.350.330.340.380.330.310.440.640.350.330.360.390.360.380.390.37
O0.130.130.140.230.180.220.310.210.190.290.230.250.150.110.350.370.480.460.500.220.510.250.410.250.380.230.270.591.000.550.240.280.380.280.370.280.300.380.310.300.410.580.380.380.400.430.410.390.400.37
PPL0.100.100.120.240.220.290.370.260.140.290.250.250.090.110.360.440.670.550.720.150.710.240.450.230.390.190.320.440.551.000.170.240.400.220.360.230.260.390.270.280.340.430.370.370.380.410.430.360.410.34
MCHP0.100.100.360.170.220.160.090.210.380.180.240.340.410.460.150.120.060.140.070.440.090.400.160.410.240.430.370.240.240.171.000.440.250.480.380.510.490.340.460.570.380.390.420.470.480.420.410.530.480.66
NKE0.050.050.290.210.190.210.150.190.320.220.210.340.350.330.250.260.200.200.180.420.200.500.260.340.330.410.310.280.280.240.441.000.360.450.370.430.400.390.450.440.400.390.430.400.470.430.450.470.490.55
MRSH0.020.020.100.250.200.300.320.220.160.300.230.160.340.230.350.410.340.320.360.320.380.250.430.190.460.340.310.380.380.400.250.361.000.300.470.390.340.580.490.420.440.430.410.390.430.490.450.400.450.48
BLDR0.080.080.250.200.240.160.150.220.340.190.240.330.310.370.200.170.150.230.140.370.140.450.210.330.270.420.390.310.280.220.480.450.301.000.370.460.560.320.400.480.540.410.460.540.510.460.460.550.530.57
SYK0.080.080.140.260.140.280.230.150.210.320.180.210.360.290.310.350.280.280.310.340.310.340.340.260.410.360.320.350.370.360.380.370.470.371.000.480.390.460.490.430.450.450.410.400.460.550.440.460.450.57
MTD0.120.120.260.260.150.180.140.160.340.310.180.240.370.340.260.260.230.220.200.410.200.330.290.310.300.390.310.330.280.230.510.430.390.460.481.000.470.420.490.510.490.460.420.450.490.510.440.540.510.59
CARR0.090.080.260.180.210.180.160.210.280.200.230.290.310.380.210.200.180.240.190.340.190.400.200.320.280.400.410.340.300.260.490.400.340.560.390.471.000.370.430.500.510.440.480.530.530.480.510.630.590.60
ADP0.020.020.130.200.240.270.310.240.200.240.260.250.400.250.280.340.340.330.350.370.350.310.390.230.410.330.360.380.380.390.340.390.580.320.460.420.371.000.590.490.440.420.430.430.450.490.510.480.490.55
ACN0.080.080.190.220.190.230.180.180.290.240.230.270.540.340.250.300.200.220.220.480.210.340.290.280.340.400.320.330.310.270.460.450.490.400.490.490.430.591.000.550.460.420.420.410.470.500.480.490.490.63
CDW0.020.020.220.180.280.200.200.280.300.190.300.320.430.490.190.190.170.240.190.400.180.410.250.310.320.400.420.310.300.280.570.440.420.480.430.510.500.490.551.000.410.420.470.490.520.450.470.570.520.65
SHW0.090.090.180.230.060.330.220.080.300.270.100.220.320.280.350.390.320.350.340.360.300.310.400.240.360.410.300.440.410.340.380.400.440.540.450.490.510.440.460.411.000.520.460.500.540.620.480.530.570.56
PLD0.110.110.240.270.160.280.210.170.310.320.190.270.290.230.350.380.420.400.430.350.420.290.400.300.380.370.310.640.580.430.390.390.430.410.450.460.440.420.420.420.521.000.450.410.460.490.420.500.500.54
CSX0.080.080.190.200.330.250.270.330.250.220.340.290.280.340.240.320.300.310.310.300.310.380.340.380.360.340.440.350.380.370.420.430.410.460.410.420.480.430.420.470.460.451.000.550.530.520.560.590.600.57
SNA0.090.090.200.190.290.210.290.310.250.210.340.390.240.380.240.240.260.320.270.290.260.410.260.390.320.360.500.330.380.370.470.400.390.540.400.450.530.430.410.490.500.410.551.000.590.520.590.680.690.57
AVY0.070.070.260.260.280.260.270.290.240.300.300.310.270.350.310.340.300.330.300.350.320.450.340.360.370.400.450.360.400.380.480.470.430.510.460.490.530.450.470.520.540.460.530.591.000.610.600.640.650.57
ECL0.110.110.200.270.150.320.270.170.270.310.200.270.310.300.380.420.340.350.380.370.380.390.400.350.420.440.380.390.430.410.420.430.490.460.550.510.480.490.500.450.620.490.520.520.611.000.550.580.610.62
HON0.130.130.210.230.290.260.410.310.270.290.340.340.260.360.290.350.320.350.320.320.350.400.360.390.420.360.480.360.410.430.410.450.450.460.440.440.510.510.480.470.480.420.560.590.600.551.000.630.640.60
DOV0.110.110.240.220.330.230.270.330.300.260.370.360.300.410.260.280.270.310.280.350.270.460.270.420.340.400.520.380.390.360.530.470.400.550.460.540.630.480.490.570.530.500.590.680.640.580.631.000.750.66
ITW0.080.080.230.240.300.300.330.330.260.290.350.350.250.340.350.390.330.350.340.300.340.390.380.400.400.400.460.390.400.410.480.490.450.530.450.510.590.490.490.520.570.500.600.690.650.610.640.751.000.59
SPY0.140.140.380.250.300.320.240.280.420.290.320.400.580.570.280.280.240.290.220.590.240.500.320.490.390.570.520.370.370.340.660.550.480.570.570.590.600.550.630.650.560.540.570.570.570.620.600.660.591.00
The correlation results are calculated based on daily price changes starting from Apr 3, 2020
Diversification Analysis

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