PortfoliosLab logo
Tools
Performance Analysis
Risk Analysis
Optimization
Factor Model
See All Tools
Portfolio Analysis
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
10-12
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification

Asset Allocation


JPST 23.22%BIL 5.55%SHV 5.59%XLC 4.01%XLP 4%XLV 3.81%HAL 2.38%AAL 2.37%BKR 2.37%CCL 2.37%CVS 2.37%DG 2.37%LULU 2.37%LUV 2.37%MRO 2.37%SLB 2.37%AMD 2.35%CTRA 2.35%CZR 2.35%DAL 2.35%FSLR 2.35%NCLH 2.35%NEM 2.35%PG 2.35%WBA 2.35%SLX 2.08%TMUS 1.64%HAS 1.48%MAT 1.38%BondBondCommodityCommodityEquityEquity
PositionCategory/SectorWeight
AAL
American Airlines Group Inc.
Industrials

2.37%

AMD
Advanced Micro Devices, Inc.
Technology

2.35%

BIL
SPDR Barclays 1-3 Month T-Bill ETF
Government Bonds

5.55%

BKR
Baker Hughes Company
Energy

2.37%

CCL
Carnival Corporation & Plc
Consumer Cyclical

2.37%

CSCO
Cisco Systems, Inc.
Technology

0.19%

CTRA
Coterra Energy Inc.
Energy

2.35%

CVS
CVS Health Corporation
Healthcare

2.37%

CZR
Caesars Entertainment, Inc.
Consumer Cyclical

2.35%

DAL
Delta Air Lines, Inc.
Industrials

2.35%

DG
Dollar General Corporation
Consumer Defensive

2.37%

FSLR
First Solar, Inc.
Technology

2.35%

GLD
SPDR Gold Trust
Precious Metals, Gold

0.79%

HAL
Halliburton Company
Energy

2.38%

HAS
Hasbro, Inc.
Consumer Cyclical

1.48%

JPST
JPMorgan Ultra-Short Income ETF
Money Market, Actively Managed

23.22%

LULU
Lululemon Athletica Inc.
Consumer Cyclical

2.37%

LUV
Southwest Airlines Co.
Industrials

2.37%

MAT
Mattel, Inc.
Consumer Cyclical

1.38%

MRO
Marathon Oil Corporation
Energy

2.37%

NCLH

2.35%

NEM

2.35%

NUE

0.90%

PG

2.35%

SHV

5.59%

SLB

2.37%

SLX

2.08%

TMUS

1.64%

WBA

2.35%

X

0.50%

XLC

4.01%

XLP

4%

XLV

3.81%

S&P 500

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in 10-12, 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 Quarterly


60.00%70.00%80.00%90.00%100.00%110.00%FebruaryMarchAprilMayJuneJuly
66.52%
96.45%
10-12
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is May 19, 2017, corresponding to the inception date of JPST

Returns By Period


Year-To-Date1 month6 months1 year5 years (annualized)10 years (annualized)
^GSPC
S&P 500
13.78%-0.38%11.47%18.82%12.44%10.64%
10-12-0.51%-2.02%1.39%0.33%9.60%N/A
AAL
American Airlines Group Inc.
-25.98%-8.87%-26.99%-38.92%-19.99%-12.67%
AMD
Advanced Micro Devices, Inc.
-1.89%-9.75%-18.88%27.99%33.69%44.15%
BIL
SPDR Barclays 1-3 Month T-Bill ETF
2.97%0.43%2.64%5.37%2.07%1.39%
BKR
Baker Hughes Company
3.53%1.42%17.80%0.14%10.40%-1.41%
CCL
Carnival Corporation & Plc
-1.89%10.98%13.12%4.24%-16.87%-5.17%
CSCO
Cisco Systems, Inc.
-4.97%-0.06%-7.16%-9.79%-0.64%9.47%
CTRA
Coterra Energy Inc.
2.63%-6.73%4.68%-2.11%11.39%0.33%
CVS
CVS Health Corporation
-23.61%-4.10%-19.43%-19.60%4.10%-0.39%
CZR
Caesars Entertainment, Inc.
-27.03%-12.26%-22.41%-41.12%-5.70%21.86%
DAL
Delta Air Lines, Inc.
7.19%-13.08%12.92%-6.88%-6.72%2.43%
DG
Dollar General Corporation
-12.81%-9.89%-9.68%-27.62%-2.21%8.90%
FSLR
First Solar, Inc.
28.47%-15.29%48.67%10.66%27.86%13.23%
GLD
SPDR Gold Trust
16.02%2.86%18.99%21.59%10.70%5.85%
HAL
Halliburton Company
-7.84%-3.93%-9.54%-12.55%9.39%-6.04%
HAS
Hasbro, Inc.
19.30%-3.82%26.59%-1.70%-10.42%4.70%
JPST
JPMorgan Ultra-Short Income ETF
3.23%0.55%2.88%6.16%2.59%N/A
LULU
Lululemon Athletica Inc.
-46.79%-12.88%-42.70%-28.80%7.40%21.48%
LUV
Southwest Airlines Co.
-6.79%-6.60%-13.47%-23.32%-12.12%0.01%
MAT
Mattel, Inc.
0.26%9.93%6.11%-10.58%5.98%-4.41%
MRO
Marathon Oil Corporation
16.34%-3.06%24.43%9.08%16.86%-2.11%
NCLH
-4.09%10.46%9.77%-5.32%-17.13%N/A
NEM
16.85%11.97%40.43%13.17%8.39%N/A
NUE
-10.50%-0.15%-9.77%-9.33%25.22%N/A
PG
16.81%0.33%11.82%12.01%10.67%N/A
SHV
2.86%0.45%2.56%5.36%2.08%N/A
SLB
-6.59%1.16%-5.92%-15.26%6.41%N/A
SLX
-9.14%1.87%-3.39%-2.78%16.25%N/A
TMUS
11.19%-0.60%10.05%25.68%16.37%N/A
WBA
-56.17%-29.86%-48.84%-61.13%-23.84%N/A
X
-18.43%9.15%-17.96%56.18%22.04%N/A
XLC
15.01%-2.21%9.68%27.45%10.97%N/A
XLP
9.61%-0.15%10.29%5.52%8.07%N/A
XLV
10.72%1.89%8.88%12.08%12.19%N/A

Monthly Returns

The table below presents the monthly returns of 10-12, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-1.99%2.52%2.78%-3.53%1.52%-0.44%-0.51%
20235.98%-2.66%0.82%-0.34%-1.61%7.81%3.38%-3.13%-3.23%-3.11%4.46%5.60%13.87%
2022-0.29%2.00%3.96%-2.78%-0.02%-9.79%4.41%-0.19%-6.80%10.70%5.03%-5.20%-0.74%
2021-0.71%6.67%2.46%1.03%3.28%-0.23%-1.59%1.36%0.07%2.57%-3.21%2.76%15.05%
2020-3.50%-7.83%-11.62%12.63%5.05%2.54%1.48%6.26%-3.48%-0.25%12.79%3.57%15.67%
20198.40%1.04%-0.25%1.46%-4.76%4.64%0.70%-3.12%1.33%1.18%2.93%4.01%18.30%
2018-1.93%2.57%2.83%2.22%-6.15%2.04%-7.10%-5.93%

Expense Ratio

10-12 has an expense ratio of 0.09%, which is considered low compared to other funds. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.


Expense ratio chart for BIL: current value at 0.14% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.14%
Expense ratio chart for GLD: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%
Expense ratio chart for JPST: current value at 0.18% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.18%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of 10-12 is 3, indicating that it is in the bottom 3% of portfolios on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of 10-12 is 33
10-12
The Sharpe Ratio Rank of 10-12 is 33Sharpe Ratio Rank
The Sortino Ratio Rank of 10-12 is 22Sortino Ratio Rank
The Omega Ratio Rank of 10-12 is 22Omega Ratio Rank
The Calmar Ratio Rank of 10-12 is 33Calmar Ratio Rank
The Martin Ratio Rank of 10-12 is 33Martin 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.


10-12
Sharpe ratio
The chart of Sharpe ratio for 10-12, currently valued at 0.03, compared to the broader market-1.000.001.002.003.004.000.03
Sortino ratio
The chart of Sortino ratio for 10-12, currently valued at 0.11, compared to the broader market-2.000.002.004.006.000.11
Omega ratio
The chart of Omega ratio for 10-12, currently valued at 1.01, compared to the broader market0.801.001.201.401.601.01
Calmar ratio
The chart of Calmar ratio for 10-12, currently valued at 0.03, compared to the broader market0.002.004.006.008.000.03
Martin ratio
The chart of Martin ratio for 10-12, currently valued at 0.08, compared to the broader market0.0010.0020.0030.0040.000.08
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 1.66, compared to the broader market-1.000.001.002.003.004.001.66
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 2.33, compared to the broader market-2.000.002.004.006.002.33
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.29, compared to the broader market0.801.001.201.401.601.29
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.35, compared to the broader market0.002.004.006.008.001.35
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 6.32, compared to the broader market0.0010.0020.0030.0040.006.32

Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
AAL
American Airlines Group Inc.
-1.04-1.520.81-0.52-1.82
AMD
Advanced Micro Devices, Inc.
0.651.201.150.732.04
BIL
SPDR Barclays 1-3 Month T-Bill ETF
21.05339.48241.05489.855,531.93
BKR
Baker Hughes Company
-0.010.151.02-0.01-0.01
CCL
Carnival Corporation & Plc
0.040.381.040.020.10
CSCO
Cisco Systems, Inc.
-0.48-0.510.92-0.39-0.71
CTRA
Coterra Energy Inc.
-0.050.091.01-0.04-0.12
CVS
CVS Health Corporation
-0.66-0.690.89-0.41-1.33
CZR
Caesars Entertainment, Inc.
-0.97-1.420.84-0.56-1.44
DAL
Delta Air Lines, Inc.
-0.30-0.240.97-0.18-0.62
DG
Dollar General Corporation
-0.82-1.040.87-0.48-1.31
FSLR
First Solar, Inc.
0.240.751.090.280.53
GLD
SPDR Gold Trust
1.622.311.291.727.92
HAL
Halliburton Company
-0.48-0.520.94-0.53-0.88
HAS
Hasbro, Inc.
-0.110.091.01-0.06-0.16
JPST
JPMorgan Ultra-Short Income ETF
12.8337.068.4477.89516.92
LULU
Lululemon Athletica Inc.
-0.87-1.110.85-0.61-1.32
LUV
Southwest Airlines Co.
-0.73-0.850.89-0.41-1.25
MAT
Mattel, Inc.
-0.39-0.400.95-0.30-0.79
MRO
Marathon Oil Corporation
0.390.761.090.330.93
NCLH
-0.150.141.02-0.10-0.33
NEM
0.410.831.100.231.13
NUE
-0.22-0.130.98-0.24-0.54
PG
0.901.361.171.283.57
SHV
20.49146.3473.04197.032,125.75
SLB
-0.55-0.610.92-0.47-0.83
SLX
0.020.171.020.030.06
TMUS
1.972.731.362.1310.92
WBA
-1.37-2.300.70-0.73-1.86
X
1.162.871.421.504.38
XLC
1.722.361.311.1112.22
XLP
0.520.821.090.381.10
XLV
1.161.661.211.033.84

Sharpe Ratio

The current 10-12 Sharpe ratio is 0.03. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Compared to the broad market, where average Sharpe ratios range from 1.24 to 1.94, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests that it may not be performing as well in terms of risk-adjusted returns compared to many other portfolios. The lower performance could be due to either lower returns, higher volatility, or a combination of both. This might indicate that the portfolio requires some fine-tuning. You can use the Portfolio Optimization tool to find an allocation that maximizes the Sharpe ratio.

Use the chart below to compare the Sharpe ratio of 10-12 with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.00FebruaryMarchAprilMayJuneJuly
0.03
1.66
10-12
Benchmark (^GSPC)
Portfolio components

Dividends

Dividend yield

10-12 granted a 3.09% dividend yield in the last twelve months.


TTM20232022202120202019201820172016201520142013
10-123.09%2.82%1.72%1.12%1.38%2.05%1.90%2.52%0.84%1.03%0.79%0.99%
AAL
American Airlines Group Inc.
0.00%0.00%0.00%0.00%0.63%1.39%1.25%0.77%0.86%0.94%0.37%0.00%
AMD
Advanced Micro Devices, 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%
BIL
SPDR Barclays 1-3 Month T-Bill ETF
5.22%4.92%1.35%0.00%0.30%2.05%1.66%0.68%0.07%0.00%0.00%0.00%
BKR
Baker Hughes Company
2.35%2.28%2.47%2.99%3.45%2.81%3.35%57.49%1.05%1.47%1.14%1.09%
CCL
Carnival Corporation & Plc
0.00%0.00%0.00%0.00%2.31%3.93%3.96%2.41%2.59%2.02%2.21%2.49%
CSCO
Cisco Systems, Inc.
3.37%3.07%3.17%2.32%3.20%2.88%2.95%2.95%3.28%3.02%2.66%2.27%
CTRA
Coterra Energy Inc.
3.18%4.58%10.13%5.89%2.46%1.87%1.00%0.53%0.31%0.41%0.24%0.14%
CVS
CVS Health Corporation
4.44%3.06%2.36%1.94%2.93%2.69%3.05%2.76%2.15%1.43%1.14%1.26%
CZR
Caesars Entertainment, 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%
DAL
Delta Air Lines, Inc.
0.70%0.50%0.00%0.00%1.00%2.57%2.63%1.81%1.37%0.89%0.61%0.44%
DG
Dollar General Corporation
2.02%1.30%1.06%0.69%0.67%0.80%1.05%0.84%1.35%1.22%0.00%0.00%
FSLR
First Solar, 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%
GLD
SPDR Gold Trust
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
HAL
Halliburton Company
2.00%1.77%1.22%0.79%1.67%2.94%2.71%1.47%1.33%2.12%1.60%1.03%
HAS
Hasbro, Inc.
4.71%5.48%4.56%2.67%2.91%2.53%3.03%2.44%2.56%2.69%3.07%2.18%
JPST
JPMorgan Ultra-Short Income ETF
5.21%4.79%1.83%0.73%1.43%2.69%2.07%0.96%0.00%0.00%0.00%0.00%
LULU
Lululemon Athletica 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%
LUV
Southwest Airlines Co.
2.71%3.12%0.00%0.00%0.39%1.30%1.30%0.73%0.75%0.66%0.52%0.69%
MAT
Mattel, Inc.
0.00%0.00%0.00%0.00%0.00%0.00%0.00%5.92%5.52%5.59%4.91%3.03%
MRO
Marathon Oil Corporation
1.54%1.70%1.18%1.10%1.20%1.47%1.39%1.18%1.16%5.40%2.83%2.04%
NCLH
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
NEM
2.73%3.87%4.66%3.55%1.74%3.31%1.58%0.65%0.36%0.54%1.16%5.23%
NUE
1.38%1.19%1.52%1.50%3.03%2.85%2.97%2.38%2.52%3.70%3.02%2.76%
PG
2.32%2.55%2.38%2.08%2.24%2.37%3.09%2.98%3.18%3.31%2.78%2.91%
SHV
5.12%4.73%1.39%0.00%0.74%2.19%1.66%0.72%0.34%0.03%0.00%0.00%
SLB
2.19%1.92%1.22%1.67%4.01%4.98%5.54%2.97%2.38%2.87%1.87%1.39%
SLX
3.08%2.80%4.97%7.07%1.87%2.76%6.25%2.43%1.06%5.34%3.26%1.97%
TMUS
1.10%0.41%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%12.04%
WBA
13.08%7.35%5.13%3.62%4.64%3.04%2.46%2.13%1.78%1.64%1.71%2.05%
X
0.51%0.41%0.80%0.34%0.24%1.75%1.10%0.57%0.61%2.51%0.75%0.68%
XLC
0.94%0.82%1.10%0.74%0.68%0.82%0.64%0.00%0.00%0.00%0.00%0.00%
XLP
2.77%2.63%2.47%2.28%2.50%2.57%3.04%2.62%2.53%2.52%2.40%2.39%
XLV
1.49%1.59%1.47%1.33%1.49%2.16%1.56%1.46%1.59%1.43%1.34%1.51%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%FebruaryMarchAprilMayJuneJuly
-3.66%
-4.24%
10-12
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the 10-12. 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 10-12 was 27.66%, occurring on Mar 23, 2020. Recovery took 52 trading sessions.

The current 10-12 drawdown is 3.66%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-27.66%Jan 21, 202044Mar 23, 202052Jun 5, 202096
-16.66%Apr 20, 2022114Sep 30, 2022187Jun 30, 2023301
-14.33%Sep 24, 201864Dec 24, 2018226Nov 15, 2019290
-13.71%Jun 9, 202014Jun 26, 202099Nov 16, 2020113
-9.68%Aug 1, 202363Oct 27, 202336Dec 19, 202399

Volatility

Volatility Chart

The current 10-12 volatility is 2.49%, 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.


1.50%2.00%2.50%3.00%3.50%4.00%FebruaryMarchAprilMayJuneJuly
2.49%
3.80%
10-12
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.

BILJPSTSHVGLDNEMPGDGCTRAAMDTMUSFSLRCVSLULUMATMROXLPHASBKRWBAXSLBNCLHCSCOLUVXLVCCLHALAALCZRDALNUEXLCSLX
BIL1.000.190.410.010.010.01-0.00-0.00-0.00-0.030.02-0.03-0.010.01-0.01-0.01-0.01-0.00-0.030.00-0.030.010.010.020.000.02-0.030.02-0.050.01-0.01-0.010.00
JPST0.191.000.260.190.150.070.050.010.030.070.050.010.050.07-0.040.080.060.010.020.01-0.030.020.030.010.060.04-0.04-0.010.06-0.010.020.100.02
SHV0.410.261.000.140.110.03-0.00-0.05-0.01-0.03-0.04-0.06-0.03-0.03-0.070.02-0.03-0.07-0.05-0.08-0.08-0.010.01-0.05-0.00-0.01-0.10-0.04-0.05-0.03-0.09-0.02-0.08
GLD0.010.190.141.000.640.090.030.050.080.040.08-0.030.04-0.050.040.10-0.020.100.020.050.05-0.030.03-0.010.07-0.020.06-0.040.05-0.010.030.090.15
NEM0.010.150.110.641.000.210.140.120.120.140.150.090.100.060.110.230.110.180.130.170.130.050.160.050.210.040.160.040.130.060.170.170.27
PG0.010.070.030.090.211.000.360.120.120.330.120.320.220.170.040.800.240.120.290.100.070.050.370.130.510.070.080.100.080.140.210.290.18
DG-0.000.05-0.000.030.140.361.000.120.220.290.220.270.300.200.080.470.270.120.310.160.100.100.280.170.360.120.090.140.190.160.240.300.20
CTRA-0.000.01-0.050.050.120.120.121.000.150.130.220.270.160.260.540.220.230.450.320.300.500.220.250.260.230.220.510.250.230.250.330.240.38
AMD-0.000.03-0.010.080.120.120.220.151.000.310.350.150.430.310.180.200.310.180.210.270.170.310.410.250.350.310.200.280.370.280.280.560.35
TMUS-0.030.07-0.030.040.140.330.290.130.311.000.260.300.340.250.150.430.280.180.250.250.180.220.410.230.460.210.180.210.300.250.290.490.32
FSLR0.020.05-0.040.080.150.120.220.220.350.261.000.140.330.310.260.220.300.240.230.310.250.330.310.280.310.330.260.300.360.310.320.400.41
CVS-0.030.01-0.06-0.030.090.320.270.270.150.300.141.000.170.250.290.460.280.290.550.300.320.260.380.280.570.280.320.280.290.280.360.280.37
LULU-0.010.05-0.030.040.100.220.300.160.430.340.330.171.000.370.190.350.390.190.220.270.160.310.420.320.410.310.210.320.400.300.330.530.35
MAT0.010.07-0.03-0.050.060.170.200.260.310.250.310.250.371.000.320.310.650.290.330.350.310.380.350.390.330.380.320.400.430.390.390.440.44
MRO-0.01-0.04-0.070.040.110.040.080.540.180.150.260.290.190.321.000.180.260.660.340.440.730.340.310.310.240.340.750.320.360.330.460.300.57
XLP-0.010.080.020.100.230.800.470.220.200.430.220.460.350.310.181.000.380.240.480.210.220.210.490.290.620.230.220.260.250.300.350.440.34
HAS-0.010.06-0.03-0.020.110.240.270.230.310.280.300.280.390.650.260.381.000.290.350.320.280.360.410.400.380.380.320.370.410.370.390.460.42
BKR-0.000.01-0.070.100.180.120.120.450.180.180.240.290.190.290.660.240.291.000.340.410.730.330.330.330.280.330.730.340.340.340.440.300.56
WBA-0.030.02-0.050.020.130.290.310.320.210.250.230.550.220.330.340.480.350.341.000.350.350.360.420.400.450.370.350.400.360.390.410.380.43
X0.000.01-0.080.050.170.100.160.300.270.250.310.300.270.350.440.210.320.410.351.000.440.380.300.360.290.390.470.390.400.380.710.330.74
SLB-0.03-0.03-0.080.050.130.070.100.500.170.180.250.320.160.310.730.220.280.730.350.441.000.350.300.350.260.360.850.350.370.360.460.300.58
NCLH0.010.02-0.01-0.030.050.050.100.220.310.220.330.260.310.380.340.210.360.330.360.380.351.000.300.620.270.890.370.670.580.670.380.450.46
CSCO0.010.030.010.030.160.370.280.250.410.410.310.380.420.350.310.490.410.330.420.300.300.301.000.340.580.310.320.330.390.340.400.570.43
LUV0.020.01-0.05-0.010.050.130.170.260.250.230.280.280.320.390.310.290.400.330.400.360.350.620.341.000.280.610.360.730.500.770.390.410.44
XLV0.000.06-0.000.070.210.510.360.230.350.460.310.570.410.330.240.620.380.280.450.290.260.270.580.281.000.280.260.270.370.300.380.550.43
CCL0.020.04-0.01-0.020.040.070.120.220.310.210.330.280.310.380.340.230.380.330.370.390.360.890.310.610.281.000.360.680.570.660.390.450.47
HAL-0.03-0.04-0.100.060.160.080.090.510.200.180.260.320.210.320.750.220.320.730.350.470.850.370.320.360.260.361.000.350.380.360.480.300.61
AAL0.02-0.01-0.04-0.040.040.100.140.250.280.210.300.280.320.400.320.260.370.340.400.390.350.670.330.730.270.680.351.000.510.830.430.430.46
CZR-0.050.06-0.050.050.130.080.190.230.370.300.360.290.400.430.360.250.410.340.360.400.370.580.390.500.370.570.380.511.000.510.400.540.49
DAL0.01-0.01-0.03-0.010.060.140.160.250.280.250.310.280.300.390.330.300.370.340.390.380.360.670.340.770.300.660.360.830.511.000.430.440.47
NUE-0.010.02-0.090.030.170.210.240.330.280.290.320.360.330.390.460.350.390.440.410.710.460.380.400.390.380.390.480.430.400.431.000.400.78
XLC-0.010.10-0.020.090.170.290.300.240.560.490.400.280.530.440.300.440.460.300.380.330.300.450.570.410.550.450.300.430.540.440.401.000.48
SLX0.000.02-0.080.150.270.180.200.380.350.320.410.370.350.440.570.340.420.560.430.740.580.460.430.440.430.470.610.460.490.470.780.481.00
The correlation results are calculated based on daily price changes starting from Jun 20, 2018