new alloc 23 jan 2025
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification
new alloc 23 jan 2025
Last updated Apr 7, 2025
Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in new alloc 23 jan 2025, 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.
new alloc 23 jan 2025
Benchmark (^GSPC)
Portfolio components
The earliest data available for this chart is Oct 4, 2023, corresponding to the inception date of CVRT
Returns By Period
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -13.73% | -12.06% | -11.77% | -2.50% | 13.85% | 9.30% |
| new alloc 23 jan 2025 | -5.67% | -9.04% | -6.74% | 1.48% | N/A | N/A |
| Portfolio components: | ||||||
SPDW | -1.67% | -10.51% | -7.86% | -2.54% | N/A | N/A |
BBUS JP Morgan Betabuilders U.S. Equity ETF | -13.59% | -12.05% | -10.33% | -1.28% | 15.48% | N/A |
SPHY | -1.56% | -3.37% | -0.74% | 5.72% | N/A | N/A |
BBEU JPMorgan BetaBuilders Europe ETF | 3.48% | -11.04% | -4.37% | 1.02% | 12.00% | N/A |
IVLU iShares MSCI Intl Value Factor ETF | 1.48% | -11.69% | -3.50% | 2.06% | 12.94% | N/A |
IJH iShares Core S&P Mid-Cap ETF | -14.90% | -11.24% | -13.92% | -10.17% | 14.37% | 7.27% |
BIZD VanEck Vectors BDC Income ETF | -8.11% | -10.74% | -2.84% | 1.30% | 23.25% | 8.16% |
SPHQ | -9.83% | -11.61% | -8.33% | 1.72% | N/A | N/A |
VCIT | 3.05% | 0.96% | 1.43% | 7.55% | N/A | N/A |
REZ | -0.47% | -6.65% | -5.05% | 16.48% | N/A | N/A |
HYXU iShares International High Yield Bond ETF | 3.90% | -1.80% | -0.50% | 4.97% | 4.88% | 2.91% |
GII SPDR S&P Global Infrastructure ETF | -0.34% | -1.93% | -2.55% | 13.15% | 12.83% | 5.49% |
VRIG | 0.93% | -0.05% | 2.39% | 5.54% | N/A | N/A |
PFRL | -7.57% | -8.21% | -5.54% | -1.92% | N/A | N/A |
JBBB Janus Henderson B-BBB CLO ETF | -3.09% | -3.62% | -0.55% | 3.62% | N/A | N/A |
BKLN Invesco Senior Loan ETF | -1.92% | -2.22% | 0.18% | 4.43% | 5.66% | 3.37% |
QAI | -4.11% | -4.41% | -3.96% | 0.00% | N/A | N/A |
RLY | -1.85% | -4.91% | -7.64% | -3.65% | N/A | N/A |
BRLN BlackRock Floating Rate Loan ETF | -1.64% | -2.11% | 0.24% | 4.12% | N/A | N/A |
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | -12.36% | -15.42% | -7.59% | -4.57% | N/A | N/A |
VWO | -4.24% | -8.24% | -12.73% | 3.24% | N/A | N/A |
MUB | 0.02% | -0.37% | -0.45% | 2.40% | N/A | N/A |
IAGG iShares Core International Aggregate Bond ETF | 0.92% | 1.33% | 1.89% | 5.60% | 0.89% | N/A |
JAAA Janus Henderson AAA CLO ETF | -0.04% | -0.77% | 1.56% | 5.15% | N/A | N/A |
IEMG iShares Core MSCI Emerging Markets ETF | -3.75% | -8.44% | -12.84% | -0.03% | 6.72% | 2.43% |
VTV | -6.76% | -9.51% | -8.39% | 0.01% | N/A | N/A |
VLUE | -8.67% | -11.31% | -10.49% | -7.17% | N/A | N/A |
FLOT iShares Floating Rate Bond ETF | -0.36% | -1.28% | 0.98% | 4.04% | 3.56% | 2.37% |
MNA IQ Merger Arbitrage ETF | 2.88% | -0.26% | 3.38% | 8.55% | 2.90% | 2.04% |
CVRT Calamos Convertible Equity Alternative ETF | -11.45% | -7.49% | -5.94% | -1.33% | N/A | N/A |
FSTA Fidelity MSCI Consumer Staples Index ETF | 0.23% | -4.61% | 0.18% | 8.90% | 10.64% | 7.83% |
VTIP | 3.28% | 1.27% | 3.51% | 7.23% | N/A | N/A |
HYGI iShares Inflation Hedged High Yield Bond ETF | -0.32% | -2.40% | 0.98% | 6.88% | N/A | N/A |
*Annualized
Monthly Returns
The table below presents the monthly returns of new alloc 23 jan 2025, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.32% | 0.86% | -2.10% | -7.54% | -5.67% | ||||||||
| 2024 | -0.54% | 2.82% | 3.60% | -2.76% | 4.26% | 0.35% | 2.68% | 2.52% | 1.72% | -2.05% | 3.49% | -3.48% | 12.92% |
| 2023 | -1.17% | 7.94% | 5.48% | 12.53% |
Expense Ratio
new alloc 23 jan 2025 has an expense ratio of 0.82%, 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.
BIZD: 10.92%
BDCX: 0.95%
MNA: 0.77%
CVRT: 0.69%
BKLN: 0.65%
BRLN: 0.55%
HYGI: 0.52%
JBBB: 0.49%
HYXU: 0.40%
BBUS: 0.02%
GII: 0.40%
IVLU: 0.30%
JAAA: 0.21%
FLOT: 0.20%
IEMG: 0.14%
BBEU: 0.09%
IJH: 0.06%
IAGG: 0.09%
FSTA: 0.08%
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of new alloc 23 jan 2025 is 53, indicating average performance compared to other portfolios on our website. Here’s a breakdown of how it compares using common performance measures.
Overall Rank
Sharpe Ratio Rank
Sortino Ratio Rank
Omega Ratio Rank
Calmar Ratio Rank
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Portfolio: 0.11
^GSPC: -0.17
Portfolio: 0.21
^GSPC: -0.11
Portfolio: 1.03
^GSPC: 0.98
Portfolio: 0.12
^GSPC: -0.15
Portfolio: 0.65
^GSPC: -0.79
Portfolio components
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
SPDW | -0.19 | -0.15 | 0.98 | -0.26 | -0.69 |
BBUS JP Morgan Betabuilders U.S. Equity ETF | -0.09 | -0.01 | 1.00 | -0.08 | -0.42 |
SPHY | 1.21 | 1.61 | 1.23 | 1.49 | 9.06 |
BBEU JPMorgan BetaBuilders Europe ETF | 0.03 | 0.14 | 1.02 | 0.04 | 0.09 |
IVLU iShares MSCI Intl Value Factor ETF | 0.11 | 0.25 | 1.03 | 0.14 | 0.44 |
IJH iShares Core S&P Mid-Cap ETF | -0.56 | -0.65 | 0.92 | -0.48 | -1.87 |
BIZD VanEck Vectors BDC Income ETF | 0.11 | 0.22 | 1.03 | 0.11 | 0.51 |
SPHQ | 0.10 | 0.22 | 1.03 | 0.09 | 0.51 |
VCIT | 1.41 | 2.07 | 1.25 | 1.66 | 4.39 |
REZ | 0.99 | 1.38 | 1.18 | 1.29 | 3.32 |
HYXU iShares International High Yield Bond ETF | 0.64 | 0.98 | 1.11 | 0.62 | 1.62 |
GII SPDR S&P Global Infrastructure ETF | 0.94 | 1.25 | 1.18 | 1.75 | 5.61 |
VRIG | 8.00 | 16.00 | 3.93 | 28.11 | 199.68 |
PFRL | -0.26 | -0.23 | 0.90 | -0.22 | -3.01 |
JBBB Janus Henderson B-BBB CLO ETF | 1.07 | 1.25 | 1.30 | 0.88 | 6.75 |
BKLN Invesco Senior Loan ETF | 1.61 | 2.09 | 1.39 | 1.70 | 13.56 |
QAI | -0.04 | -0.01 | 1.00 | -0.03 | -0.18 |
RLY | -0.29 | -0.30 | 0.96 | -0.44 | -1.16 |
BRLN BlackRock Floating Rate Loan ETF | 1.24 | 1.69 | 1.24 | 1.63 | 11.61 |
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | -0.20 | -0.11 | 0.98 | -0.22 | -0.88 |
VWO | 0.19 | 0.37 | 1.05 | 0.25 | 0.61 |
MUB | 0.55 | 0.78 | 1.10 | 0.76 | 1.99 |
IAGG iShares Core International Aggregate Bond ETF | 1.62 | 2.39 | 1.29 | 3.10 | 8.70 |
JAAA Janus Henderson AAA CLO ETF | 4.89 | 6.29 | 2.69 | 5.36 | 49.99 |
IEMG iShares Core MSCI Emerging Markets ETF | -0.01 | 0.10 | 1.01 | -0.01 | -0.03 |
VTV | -0.03 | 0.05 | 1.01 | -0.03 | -0.13 |
VLUE | -0.49 | -0.54 | 0.93 | -0.49 | -1.86 |
FLOT iShares Floating Rate Bond ETF | 2.45 | 2.66 | 2.23 | 2.59 | 37.84 |
MNA IQ Merger Arbitrage ETF | 1.76 | 2.47 | 1.34 | 2.80 | 14.03 |
CVRT Calamos Convertible Equity Alternative ETF | -0.09 | -0.00 | 1.00 | -0.09 | -0.34 |
FSTA Fidelity MSCI Consumer Staples Index ETF | 0.74 | 1.06 | 1.14 | 1.22 | 3.35 |
VTIP | 4.01 | 6.70 | 1.93 | 9.66 | 29.01 |
HYGI iShares Inflation Hedged High Yield Bond ETF | 1.47 | 1.97 | 1.29 | 2.27 | 12.51 |
new alloc 23 jan 2025
Benchmark (^GSPC)
Portfolio components
Dividends
Dividend yield
new alloc 23 jan 2025 provided a 3.74% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.74% | 3.56% | 3.63% | 3.53% | 2.81% | 2.80% | 3.08% | 2.72% | 2.27% | 2.53% | 2.43% | 2.31% |
| Portfolio components: | ||||||||||||
SPDW | 3.25% | 3.19% | 2.75% | 3.12% | 3.04% | 1.87% | 3.13% | 3.08% | 1.86% | 3.11% | 2.79% | 3.51% |
BBUS JP Morgan Betabuilders U.S. Equity ETF | 1.44% | 1.21% | 1.39% | 1.57% | 1.11% | 1.42% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHY | 7.98% | 7.80% | 7.30% | 6.47% | 5.14% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% | 3.98% |
BBEU JPMorgan BetaBuilders Europe ETF | 4.02% | 4.16% | 2.94% | 4.72% | 2.63% | 2.29% | 3.24% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% |
IVLU iShares MSCI Intl Value Factor ETF | 4.39% | 4.46% | 4.69% | 3.59% | 3.25% | 2.05% | 3.53% | 2.82% | 2.87% | 2.53% | 0.93% | 0.00% |
IJH iShares Core S&P Mid-Cap ETF | 1.57% | 1.33% | 1.46% | 1.68% | 1.18% | 1.28% | 1.63% | 1.72% | 1.19% | 1.60% | 1.56% | 1.34% |
BIZD VanEck Vectors BDC Income ETF | 12.03% | 10.94% | 10.97% | 11.22% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% | 8.51% |
SPHQ | 1.27% | 1.15% | 1.43% | 1.85% | 1.19% | 1.56% | 1.50% | 1.86% | 1.57% | 1.68% | 2.29% | 1.66% |
VCIT | 4.43% | 4.43% | 3.72% | 3.04% | 2.88% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% | 3.34% |
REZ | 2.36% | 2.26% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.54% | 3.18% | 3.13% |
HYXU iShares International High Yield Bond ETF | 4.92% | 5.11% | 3.38% | 0.61% | 3.07% | 1.45% | 1.19% | 4.01% | 0.69% | 1.50% | 3.25% | 4.55% |
GII SPDR S&P Global Infrastructure ETF | 3.24% | 3.23% | 5.94% | 3.07% | 3.88% | 2.66% | 3.39% | 3.31% | 3.38% | 3.11% | 3.54% | 3.12% |
VRIG | 5.81% | 6.09% | 5.97% | 2.39% | 0.78% | 1.57% | 3.12% | 2.89% | 2.31% | 0.60% | 0.00% | 0.00% |
PFRL | 9.18% | 8.96% | 9.84% | 3.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JBBB Janus Henderson B-BBB CLO ETF | 8.06% | 7.65% | 8.10% | 5.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BKLN Invesco Senior Loan ETF | 8.33% | 8.41% | 8.59% | 4.93% | 3.11% | 3.56% | 4.84% | 4.52% | 3.50% | 4.54% | 4.12% | 4.12% |
QAI | 2.32% | 2.23% | 4.08% | 2.00% | 0.28% | 1.98% | 1.91% | 1.90% | 0.00% | 0.00% | 0.48% | 1.34% |
RLY | 3.25% | 3.31% | 3.70% | 5.66% | 12.15% | 2.16% | 3.46% | 2.76% | 1.85% | 2.07% | 1.80% | 1.89% |
BRLN BlackRock Floating Rate Loan ETF | 7.72% | 7.87% | 9.06% | 1.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | 16.89% | 15.28% | 14.71% | 17.47% | 11.52% | 6.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWO | 3.36% | 3.20% | 3.52% | 4.11% | 2.63% | 1.91% | 3.24% | 2.88% | 2.30% | 2.52% | 3.26% | 2.86% |
MUB | 3.07% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% |
IAGG iShares Core International Aggregate Bond ETF | 4.24% | 4.28% | 3.55% | 2.28% | 1.16% | 1.95% | 2.82% | 3.02% | 1.74% | 1.56% | 0.13% | 0.00% |
JAAA Janus Henderson AAA CLO ETF | 6.16% | 6.35% | 6.10% | 2.77% | 1.21% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEMG iShares Core MSCI Emerging Markets ETF | 3.33% | 3.20% | 2.89% | 2.70% | 3.06% | 1.87% | 3.15% | 2.76% | 2.34% | 2.28% | 2.52% | 2.30% |
VTV | 2.50% | 2.31% | 2.46% | 2.52% | 2.15% | 2.56% | 2.50% | 2.73% | 2.29% | 2.44% | 2.60% | 2.22% |
VLUE | 2.99% | 2.73% | 2.66% | 3.19% | 2.22% | 2.42% | 2.60% | 2.70% | 2.14% | 2.07% | 2.39% | 1.64% |
FLOT iShares Floating Rate Bond ETF | 5.60% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.45% | 0.97% | 0.53% | 0.44% |
MNA IQ Merger Arbitrage ETF | 0.00% | 0.00% | 1.20% | 0.00% | 0.00% | 2.30% | 0.00% | 0.00% | 0.00% | 0.21% | 0.87% | 0.00% |
CVRT Calamos Convertible Equity Alternative ETF | 1.68% | 1.50% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSTA Fidelity MSCI Consumer Staples Index ETF | 2.25% | 2.25% | 2.66% | 2.26% | 2.15% | 2.47% | 2.46% | 3.01% | 2.42% | 2.53% | 2.86% | 2.24% |
VTIP | 2.76% | 2.70% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% |
HYGI iShares Inflation Hedged High Yield Bond ETF | 6.19% | 6.08% | 6.22% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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.
new alloc 23 jan 2025
Benchmark (^GSPC)
Portfolio components
Worst Drawdowns
The table below displays the maximum drawdowns of the new alloc 23 jan 2025. 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 new alloc 23 jan 2025 was 10.62%, occurring on Apr 4, 2025. The portfolio has not yet recovered.
The current new alloc 23 jan 2025 drawdown is 10.62%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -10.62% | Feb 19, 2025 | 33 | Apr 4, 2025 | — | — | — |
| -5.8% | Jul 17, 2024 | 14 | Aug 5, 2024 | 12 | Aug 21, 2024 | 26 |
| -5.21% | Oct 12, 2023 | 12 | Oct 27, 2023 | 5 | Nov 3, 2023 | 17 |
| -4.36% | Dec 2, 2024 | 27 | Jan 10, 2025 | 9 | Jan 24, 2025 | 36 |
| -4.02% | Apr 1, 2024 | 13 | Apr 17, 2024 | 16 | May 9, 2024 | 29 |
Volatility
Volatility Chart
The current new alloc 23 jan 2025 volatility is 7.15%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
new alloc 23 jan 2025
Benchmark (^GSPC)
Portfolio components
Diversification
Asset Correlations Table
The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.
| JBBB | JAAA | VRIG | BRLN | FLOT | VTIP | IAGG | MUB | MNA | FSTA | VCIT | PFRL | BDCX | REZ | BIZD | BKLN | HYXU | RLY | VWO | IEMG | CVRT | GII | SPHQ | IVLU | QAI | BBEU | BBUS | SPHY | HYGI | VTV | VLUE | IJH | SPDW | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JBBB | 1.00 | 0.20 | 0.10 | 0.01 | 0.18 | -0.07 | 0.01 | -0.02 | 0.05 | 0.11 | -0.04 | 0.14 | 0.11 | 0.04 | 0.12 | 0.12 | -0.02 | 0.04 | 0.02 | 0.02 | 0.14 | 0.05 | 0.15 | 0.09 | 0.14 | 0.07 | 0.14 | 0.11 | 0.09 | 0.14 | 0.17 | 0.16 | 0.11 |
| JAAA | 0.20 | 1.00 | 0.15 | 0.13 | 0.17 | -0.02 | 0.02 | 0.05 | -0.02 | 0.12 | -0.02 | 0.15 | 0.08 | 0.11 | 0.05 | 0.11 | -0.02 | 0.14 | 0.08 | 0.08 | 0.05 | 0.17 | 0.10 | 0.06 | 0.09 | 0.04 | 0.10 | 0.11 | 0.11 | 0.16 | 0.14 | 0.12 | 0.08 |
| VRIG | 0.10 | 0.15 | 1.00 | 0.07 | 0.27 | -0.06 | -0.00 | 0.06 | 0.04 | 0.03 | 0.03 | 0.10 | 0.10 | 0.06 | 0.11 | 0.06 | 0.08 | 0.08 | 0.13 | 0.13 | 0.07 | 0.07 | 0.16 | 0.12 | 0.11 | 0.13 | 0.14 | 0.11 | 0.11 | 0.11 | 0.11 | 0.10 | 0.14 |
| BRLN | 0.01 | 0.13 | 0.07 | 1.00 | 0.12 | 0.07 | 0.07 | 0.08 | 0.06 | 0.12 | 0.13 | 0.24 | 0.13 | 0.16 | 0.16 | 0.21 | 0.09 | 0.13 | 0.11 | 0.11 | 0.17 | 0.17 | 0.20 | 0.13 | 0.14 | 0.12 | 0.22 | 0.22 | 0.23 | 0.18 | 0.19 | 0.16 | 0.15 |
| FLOT | 0.18 | 0.17 | 0.27 | 0.12 | 1.00 | 0.08 | 0.03 | 0.11 | 0.07 | 0.14 | 0.10 | 0.24 | 0.18 | 0.19 | 0.17 | 0.15 | 0.12 | 0.13 | 0.18 | 0.18 | 0.20 | 0.18 | 0.22 | 0.17 | 0.19 | 0.18 | 0.25 | 0.26 | 0.26 | 0.25 | 0.23 | 0.24 | 0.19 |
| VTIP | -0.07 | -0.02 | -0.06 | 0.07 | 0.08 | 1.00 | 0.57 | 0.61 | 0.07 | 0.07 | 0.73 | 0.15 | 0.09 | 0.26 | 0.07 | 0.08 | 0.31 | 0.26 | 0.12 | 0.12 | 0.09 | 0.22 | 0.08 | 0.17 | 0.09 | 0.15 | 0.10 | 0.45 | 0.44 | 0.12 | 0.11 | 0.11 | 0.19 |
| IAGG | 0.01 | 0.02 | -0.00 | 0.07 | 0.03 | 0.57 | 1.00 | 0.76 | 0.10 | 0.17 | 0.81 | 0.19 | 0.12 | 0.29 | 0.08 | 0.15 | 0.29 | 0.14 | 0.17 | 0.17 | 0.20 | 0.31 | 0.20 | 0.19 | 0.15 | 0.22 | 0.21 | 0.54 | 0.41 | 0.18 | 0.18 | 0.22 | 0.26 |
| MUB | -0.02 | 0.05 | 0.06 | 0.08 | 0.11 | 0.61 | 0.76 | 1.00 | 0.07 | 0.22 | 0.84 | 0.15 | 0.10 | 0.38 | 0.08 | 0.19 | 0.36 | 0.19 | 0.16 | 0.16 | 0.18 | 0.33 | 0.17 | 0.22 | 0.15 | 0.24 | 0.19 | 0.56 | 0.42 | 0.20 | 0.19 | 0.20 | 0.26 |
| MNA | 0.05 | -0.02 | 0.04 | 0.06 | 0.07 | 0.07 | 0.10 | 0.07 | 1.00 | 0.18 | 0.14 | 0.20 | 0.31 | 0.28 | 0.33 | 0.35 | 0.36 | 0.37 | 0.40 | 0.41 | 0.39 | 0.32 | 0.30 | 0.40 | 0.43 | 0.40 | 0.32 | 0.34 | 0.38 | 0.39 | 0.41 | 0.46 | 0.44 |
| FSTA | 0.11 | 0.12 | 0.03 | 0.12 | 0.14 | 0.07 | 0.17 | 0.22 | 0.18 | 1.00 | 0.26 | 0.26 | 0.32 | 0.52 | 0.31 | 0.31 | 0.24 | 0.32 | 0.21 | 0.23 | 0.25 | 0.45 | 0.43 | 0.34 | 0.30 | 0.36 | 0.37 | 0.33 | 0.34 | 0.62 | 0.49 | 0.42 | 0.37 |
| VCIT | -0.04 | -0.02 | 0.03 | 0.13 | 0.10 | 0.73 | 0.81 | 0.84 | 0.14 | 0.26 | 1.00 | 0.24 | 0.17 | 0.41 | 0.14 | 0.21 | 0.47 | 0.23 | 0.24 | 0.24 | 0.25 | 0.38 | 0.24 | 0.31 | 0.19 | 0.33 | 0.25 | 0.69 | 0.55 | 0.26 | 0.25 | 0.27 | 0.36 |
| PFRL | 0.14 | 0.15 | 0.10 | 0.24 | 0.24 | 0.15 | 0.19 | 0.15 | 0.20 | 0.26 | 0.24 | 1.00 | 0.34 | 0.26 | 0.38 | 0.48 | 0.34 | 0.33 | 0.31 | 0.34 | 0.40 | 0.35 | 0.48 | 0.41 | 0.44 | 0.46 | 0.50 | 0.45 | 0.45 | 0.43 | 0.40 | 0.44 | 0.48 |
| BDCX | 0.11 | 0.08 | 0.10 | 0.13 | 0.18 | 0.09 | 0.12 | 0.10 | 0.31 | 0.32 | 0.17 | 0.34 | 1.00 | 0.37 | 0.89 | 0.41 | 0.30 | 0.42 | 0.35 | 0.36 | 0.43 | 0.46 | 0.42 | 0.50 | 0.46 | 0.49 | 0.47 | 0.39 | 0.44 | 0.56 | 0.54 | 0.56 | 0.51 |
| REZ | 0.04 | 0.11 | 0.06 | 0.16 | 0.19 | 0.26 | 0.29 | 0.38 | 0.28 | 0.52 | 0.41 | 0.26 | 0.37 | 1.00 | 0.37 | 0.35 | 0.39 | 0.37 | 0.29 | 0.30 | 0.39 | 0.53 | 0.42 | 0.41 | 0.38 | 0.41 | 0.41 | 0.49 | 0.47 | 0.63 | 0.56 | 0.56 | 0.45 |
| BIZD | 0.12 | 0.05 | 0.11 | 0.16 | 0.17 | 0.07 | 0.08 | 0.08 | 0.33 | 0.31 | 0.14 | 0.38 | 0.89 | 0.37 | 1.00 | 0.46 | 0.31 | 0.47 | 0.38 | 0.39 | 0.48 | 0.48 | 0.44 | 0.51 | 0.49 | 0.50 | 0.49 | 0.41 | 0.47 | 0.58 | 0.57 | 0.58 | 0.52 |
| BKLN | 0.12 | 0.11 | 0.06 | 0.21 | 0.15 | 0.08 | 0.15 | 0.19 | 0.35 | 0.31 | 0.21 | 0.48 | 0.41 | 0.35 | 0.46 | 1.00 | 0.34 | 0.43 | 0.42 | 0.43 | 0.55 | 0.44 | 0.53 | 0.46 | 0.56 | 0.47 | 0.58 | 0.54 | 0.56 | 0.55 | 0.55 | 0.57 | 0.53 |
| HYXU | -0.02 | -0.02 | 0.08 | 0.09 | 0.12 | 0.31 | 0.29 | 0.36 | 0.36 | 0.24 | 0.47 | 0.34 | 0.30 | 0.39 | 0.31 | 0.34 | 1.00 | 0.45 | 0.55 | 0.56 | 0.42 | 0.49 | 0.39 | 0.67 | 0.44 | 0.72 | 0.42 | 0.56 | 0.55 | 0.41 | 0.42 | 0.44 | 0.69 |
| RLY | 0.04 | 0.14 | 0.08 | 0.13 | 0.13 | 0.26 | 0.14 | 0.19 | 0.37 | 0.32 | 0.23 | 0.33 | 0.42 | 0.37 | 0.47 | 0.43 | 0.45 | 1.00 | 0.62 | 0.62 | 0.49 | 0.71 | 0.46 | 0.63 | 0.63 | 0.61 | 0.50 | 0.48 | 0.54 | 0.65 | 0.65 | 0.62 | 0.65 |
| VWO | 0.02 | 0.08 | 0.13 | 0.11 | 0.18 | 0.12 | 0.17 | 0.16 | 0.40 | 0.21 | 0.24 | 0.31 | 0.35 | 0.29 | 0.38 | 0.42 | 0.55 | 0.62 | 1.00 | 0.98 | 0.53 | 0.56 | 0.54 | 0.67 | 0.72 | 0.69 | 0.59 | 0.50 | 0.55 | 0.50 | 0.55 | 0.54 | 0.75 |
| IEMG | 0.02 | 0.08 | 0.13 | 0.11 | 0.18 | 0.12 | 0.17 | 0.16 | 0.41 | 0.23 | 0.24 | 0.34 | 0.36 | 0.30 | 0.39 | 0.43 | 0.56 | 0.62 | 0.98 | 1.00 | 0.55 | 0.56 | 0.58 | 0.69 | 0.74 | 0.71 | 0.64 | 0.50 | 0.55 | 0.51 | 0.57 | 0.57 | 0.78 |
| CVRT | 0.14 | 0.05 | 0.07 | 0.17 | 0.20 | 0.09 | 0.20 | 0.18 | 0.39 | 0.25 | 0.25 | 0.40 | 0.43 | 0.39 | 0.48 | 0.55 | 0.42 | 0.49 | 0.53 | 0.55 | 1.00 | 0.51 | 0.70 | 0.52 | 0.74 | 0.57 | 0.78 | 0.63 | 0.66 | 0.63 | 0.68 | 0.79 | 0.65 |
| GII | 0.05 | 0.17 | 0.07 | 0.17 | 0.18 | 0.22 | 0.31 | 0.33 | 0.32 | 0.45 | 0.38 | 0.35 | 0.46 | 0.53 | 0.48 | 0.44 | 0.49 | 0.71 | 0.56 | 0.56 | 0.51 | 1.00 | 0.45 | 0.62 | 0.56 | 0.62 | 0.51 | 0.57 | 0.56 | 0.68 | 0.65 | 0.61 | 0.66 |
| SPHQ | 0.15 | 0.10 | 0.16 | 0.20 | 0.22 | 0.08 | 0.20 | 0.17 | 0.30 | 0.43 | 0.24 | 0.48 | 0.42 | 0.42 | 0.44 | 0.53 | 0.39 | 0.46 | 0.54 | 0.58 | 0.70 | 0.45 | 1.00 | 0.53 | 0.72 | 0.60 | 0.92 | 0.58 | 0.61 | 0.76 | 0.73 | 0.75 | 0.67 |
| IVLU | 0.09 | 0.06 | 0.12 | 0.13 | 0.17 | 0.17 | 0.19 | 0.22 | 0.40 | 0.34 | 0.31 | 0.41 | 0.50 | 0.41 | 0.51 | 0.46 | 0.67 | 0.63 | 0.67 | 0.69 | 0.52 | 0.62 | 0.53 | 1.00 | 0.67 | 0.89 | 0.58 | 0.57 | 0.58 | 0.62 | 0.66 | 0.64 | 0.94 |
| QAI | 0.14 | 0.09 | 0.11 | 0.14 | 0.19 | 0.09 | 0.15 | 0.15 | 0.43 | 0.30 | 0.19 | 0.44 | 0.46 | 0.38 | 0.49 | 0.56 | 0.44 | 0.63 | 0.72 | 0.74 | 0.74 | 0.56 | 0.72 | 0.67 | 1.00 | 0.69 | 0.78 | 0.57 | 0.62 | 0.68 | 0.72 | 0.76 | 0.77 |
| BBEU | 0.07 | 0.04 | 0.13 | 0.12 | 0.18 | 0.15 | 0.22 | 0.24 | 0.40 | 0.36 | 0.33 | 0.46 | 0.49 | 0.41 | 0.50 | 0.47 | 0.72 | 0.61 | 0.69 | 0.71 | 0.57 | 0.62 | 0.60 | 0.89 | 0.69 | 1.00 | 0.64 | 0.58 | 0.60 | 0.63 | 0.65 | 0.66 | 0.95 |
| BBUS | 0.14 | 0.10 | 0.14 | 0.22 | 0.25 | 0.10 | 0.21 | 0.19 | 0.32 | 0.37 | 0.25 | 0.50 | 0.47 | 0.41 | 0.49 | 0.58 | 0.42 | 0.50 | 0.59 | 0.64 | 0.78 | 0.51 | 0.92 | 0.58 | 0.78 | 0.64 | 1.00 | 0.65 | 0.67 | 0.74 | 0.75 | 0.80 | 0.73 |
| SPHY | 0.11 | 0.11 | 0.11 | 0.22 | 0.26 | 0.45 | 0.54 | 0.56 | 0.34 | 0.33 | 0.69 | 0.45 | 0.39 | 0.49 | 0.41 | 0.54 | 0.56 | 0.48 | 0.50 | 0.50 | 0.63 | 0.57 | 0.58 | 0.57 | 0.57 | 0.58 | 0.65 | 1.00 | 0.90 | 0.60 | 0.61 | 0.66 | 0.66 |
| HYGI | 0.09 | 0.11 | 0.11 | 0.23 | 0.26 | 0.44 | 0.41 | 0.42 | 0.38 | 0.34 | 0.55 | 0.45 | 0.44 | 0.47 | 0.47 | 0.56 | 0.55 | 0.54 | 0.55 | 0.55 | 0.66 | 0.56 | 0.61 | 0.58 | 0.62 | 0.60 | 0.67 | 0.90 | 1.00 | 0.63 | 0.63 | 0.70 | 0.68 |
| VTV | 0.14 | 0.16 | 0.11 | 0.18 | 0.25 | 0.12 | 0.18 | 0.20 | 0.39 | 0.62 | 0.26 | 0.43 | 0.56 | 0.63 | 0.58 | 0.55 | 0.41 | 0.65 | 0.50 | 0.51 | 0.63 | 0.68 | 0.76 | 0.62 | 0.68 | 0.63 | 0.74 | 0.60 | 0.63 | 1.00 | 0.93 | 0.87 | 0.68 |
| VLUE | 0.17 | 0.14 | 0.11 | 0.19 | 0.23 | 0.11 | 0.18 | 0.19 | 0.41 | 0.49 | 0.25 | 0.40 | 0.54 | 0.56 | 0.57 | 0.55 | 0.42 | 0.65 | 0.55 | 0.57 | 0.68 | 0.65 | 0.73 | 0.66 | 0.72 | 0.65 | 0.75 | 0.61 | 0.63 | 0.93 | 1.00 | 0.88 | 0.71 |
| IJH | 0.16 | 0.12 | 0.10 | 0.16 | 0.24 | 0.11 | 0.22 | 0.20 | 0.46 | 0.42 | 0.27 | 0.44 | 0.56 | 0.56 | 0.58 | 0.57 | 0.44 | 0.62 | 0.54 | 0.57 | 0.79 | 0.61 | 0.75 | 0.64 | 0.76 | 0.66 | 0.80 | 0.66 | 0.70 | 0.87 | 0.88 | 1.00 | 0.73 |
| SPDW | 0.11 | 0.08 | 0.14 | 0.15 | 0.19 | 0.19 | 0.26 | 0.26 | 0.44 | 0.37 | 0.36 | 0.48 | 0.51 | 0.45 | 0.52 | 0.53 | 0.69 | 0.65 | 0.75 | 0.78 | 0.65 | 0.66 | 0.67 | 0.94 | 0.77 | 0.95 | 0.73 | 0.66 | 0.68 | 0.68 | 0.71 | 0.73 | 1.00 |
The correlation results are calculated based on daily price changes starting from Oct 5, 2023