SoftR-Through-Course
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification
SoftR-Through-Course
Last updated Apr 17, 2025
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
AFL Aflac Incorporated | Financial Services | 3.45% |
AMGN Amgen Inc. | Healthcare | 3.45% |
ATO Atmos Energy Corporation | Utilities | 3.45% |
AXP American Express Company | Financial Services | 3.45% |
BMY Bristol-Myers Squibb Company | Healthcare | 3.45% |
BN Brookfield Corp | Financial Services | 3.45% |
BNS The Bank of Nova Scotia | Financial Services | 3.45% |
BTI British American Tobacco p.l.c. | Consumer Defensive | 3.45% |
CAKE The Cheesecake Factory Incorporated | Consumer Cyclical | 3.45% |
CI Cigna Corporation | Healthcare | 3.45% |
COR Cencora Inc. | Healthcare | 3.45% |
CSCO Cisco Systems, Inc. | Technology | 3.45% |
CVS CVS Health Corporation | Healthcare | 3.45% |
ENB Enbridge Inc. | Energy | 3.45% |
FDX FedEx Corporation | Industrials | 3.45% |
ICE Intercontinental Exchange, Inc. | Financial Services | 3.45% |
KMI Kinder Morgan, Inc. | Energy | 3.45% |
MO Altria Group, Inc. | Consumer Defensive | 3.45% |
NEE NextEra Energy, Inc. | Utilities | 3.45% |
NVS | 3.45% | |
OMAB | 3.45% | |
PEP | 3.45% | |
PRU | 3.45% | |
RTX | 3.45% | |
TFC | 3.45% | |
TRV | 3.45% | |
UNP | 3.45% | |
USB | 3.45% | |
V | 3.45% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in SoftR-Through-Course, 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.
SoftR-Through-Course
Benchmark (^GSPC)
Portfolio components
The earliest data available for this chart is Feb 11, 2011, corresponding to the inception date of KMI
Returns By Period
As of Apr 17, 2025, the SoftR-Through-Course returned 2.32% Year-To-Date and 10.18% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -10.18% | -5.91% | -9.57% | 5.19% | 12.98% | 9.68% |
| SoftR-Through-Course | 4.07% | -2.65% | 0.10% | 17.15% | 13.78% | 9.48% |
| Portfolio components: | ||||||
AFL Aflac Incorporated | 4.45% | 0.07% | -5.62% | 36.65% | 27.26% | 15.54% |
AMGN Amgen Inc. | 7.25% | -12.98% | -12.31% | 8.21% | 6.61% | 8.36% |
ATO Atmos Energy Corporation | 13.78% | 4.64% | 10.87% | 40.99% | 10.10% | 13.88% |
AXP American Express Company | -14.84% | -4.03% | -11.56% | 16.76% | 25.22% | 14.21% |
BMY Bristol-Myers Squibb Company | -11.05% | -16.92% | -5.39% | 7.96% | -0.50% | 0.30% |
BN Brookfield Corp | -13.33% | -4.72% | -9.89% | 28.27% | 14.00% | 10.82% |
BNS The Bank of Nova Scotia | -8.96% | -0.27% | -8.60% | 8.27% | 10.34% | 3.93% |
BTI British American Tobacco p.l.c. | 18.82% | 4.59% | 24.52% | 60.91% | 11.04% | 3.80% |
CAKE The Cheesecake Factory Incorporated | 1.45% | 2.26% | 14.91% | 46.67% | 22.90% | 1.89% |
COR Cencora Inc. | 27.91% | 8.56% | 22.24% | 21.25% | 27.99% | 11.39% |
CSCO Cisco Systems, Inc. | -4.54% | -6.91% | 0.20% | 20.18% | 8.88% | 10.36% |
CVS CVS Health Corporation | 51.80% | -0.41% | 8.22% | 2.56% | 4.46% | -1.29% |
CI Cigna Corporation | 20.14% | 2.39% | -5.66% | -2.97% | 12.88% | 10.59% |
ENB Enbridge Inc. | 8.53% | 4.52% | 11.75% | 45.27% | 16.87% | 4.42% |
FDX FedEx Corporation | -25.82% | -15.56% | -23.53% | -19.45% | 12.70% | 3.54% |
ICE Intercontinental Exchange, Inc. | 6.76% | -8.22% | -3.19% | 22.78% | 13.40% | 14.89% |
KMI Kinder Morgan, Inc. | -0.05% | -1.53% | 11.63% | 60.57% | 20.00% | 0.37% |
MO Altria Group, Inc. | 13.23% | 1.49% | 21.35% | 53.02% | 16.30% | 7.78% |
NEE NextEra Energy, Inc. | -6.74% | -6.21% | -19.67% | 6.88% | 3.98% | 12.64% |
NVS | 18.03% | -1.21% | -1.42% | 23.39% | 9.98% | 6.75% |
OMAB | 21.69% | 3.21% | 25.22% | 16.94% | 30.08% | 12.70% |
PEP | -5.23% | -4.13% | -16.80% | -12.92% | 3.75% | 7.11% |
PRU | -15.05% | -9.36% | -20.42% | -3.13% | 17.80% | 6.72% |
RTX | 11.94% | -2.86% | 3.56% | 30.74% | 17.23% | 8.41% |
TFC | -16.31% | -12.12% | -14.51% | 5.66% | 6.29% | 3.13% |
TRV | 6.65% | -1.78% | -2.58% | 26.05% | 22.17% | 11.70% |
UNP | -2.88% | -7.10% | -7.85% | -1.75% | 10.41% | 9.60% |
USB | -19.18% | -8.57% | -21.83% | 1.19% | 6.23% | 2.39% |
V | 4.47% | -1.54% | 13.92% | 21.78% | 15.07% | 18.54% |
*Annualized
Monthly Returns
The table below presents the monthly returns of SoftR-Through-Course, 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 | 6.12% | 2.60% | -0.32% | -4.11% | 4.07% | ||||||||
| 2024 | 0.84% | 1.12% | 5.06% | -2.23% | 2.28% | -2.77% | 6.76% | 3.41% | 0.39% | -0.41% | 6.09% | -6.19% | 14.42% |
| 2023 | 3.71% | -3.31% | 0.31% | 0.99% | -4.33% | 6.11% | 2.94% | -1.73% | -3.92% | -3.26% | 6.16% | 6.47% | 9.60% |
| 2022 | 0.21% | 1.24% | 3.37% | -6.38% | 1.97% | -6.44% | 4.38% | -1.55% | -8.19% | 11.13% | 7.31% | -4.87% | 0.26% |
| 2021 | -2.46% | 2.56% | 7.71% | 3.02% | 1.74% | -0.78% | 0.99% | -0.09% | -4.56% | 4.61% | -5.00% | 10.65% | 18.66% |
| 2020 | 0.21% | -9.25% | -13.71% | 8.25% | 4.38% | -0.28% | 1.17% | 4.95% | -2.43% | -4.11% | 14.51% | 3.09% | 3.68% |
| 2019 | 6.34% | 3.08% | 1.06% | 2.82% | -3.37% | 4.64% | 1.74% | -1.44% | 1.10% | 3.83% | 3.34% | 2.44% | 28.31% |
| 2018 | 3.52% | -4.23% | -2.47% | 0.70% | -0.53% | 1.45% | 4.56% | 2.93% | 2.46% | -5.83% | 2.47% | -9.18% | -5.04% |
| 2017 | 2.57% | 5.06% | -0.42% | 1.50% | 0.92% | 2.71% | 0.74% | -0.51% | 1.80% | 0.13% | 4.05% | 0.97% | 21.18% |
| 2016 | -4.30% | 0.39% | 6.49% | 2.37% | -0.07% | 1.12% | 2.91% | -0.86% | -0.68% | -2.72% | 1.06% | 1.74% | 7.28% |
| 2015 | -1.25% | 4.41% | -0.40% | 0.02% | 1.25% | -0.82% | 3.51% | -6.47% | -2.39% | 6.25% | -1.08% | -1.31% | 1.08% |
| 2014 | -3.62% | 2.90% | 1.92% | 0.00% | 3.50% | 1.78% | -1.43% | 4.01% | -0.30% | 6.23% | 3.18% | 0.55% | 19.95% |
Expense Ratio
SoftR-Through-Course has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
The portfolio doesn't include any funds that charge management fees.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 91, SoftR-Through-Course is among the top 9% of portfolios on our website when it comes to balancing risk and reward. Below is 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: 1.17
^GSPC: 0.24
Portfolio: 1.66
^GSPC: 0.47
Portfolio: 1.23
^GSPC: 1.07
Portfolio: 1.71
^GSPC: 0.24
Portfolio: 6.04
^GSPC: 1.08
Portfolio components
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
AFL Aflac Incorporated | 1.68 | 2.17 | 1.33 | 2.89 | 6.92 |
AMGN Amgen Inc. | 0.27 | 0.58 | 1.08 | 0.33 | 0.77 |
ATO Atmos Energy Corporation | 2.59 | 3.36 | 1.46 | 4.41 | 11.96 |
AXP American Express Company | 0.52 | 0.93 | 1.13 | 0.57 | 2.07 |
BMY Bristol-Myers Squibb Company | 0.23 | 0.57 | 1.07 | 0.15 | 0.83 |
BN Brookfield Corp | 0.86 | 1.31 | 1.18 | 1.05 | 3.77 |
BNS The Bank of Nova Scotia | 0.50 | 0.78 | 1.10 | 0.29 | 1.25 |
BTI British American Tobacco p.l.c. | 3.24 | 3.75 | 1.61 | 1.72 | 13.60 |
CAKE The Cheesecake Factory Incorporated | 1.11 | 1.72 | 1.20 | 0.99 | 5.78 |
COR Cencora Inc. | 1.13 | 1.66 | 1.22 | 1.81 | 3.93 |
CSCO Cisco Systems, Inc. | 0.88 | 1.37 | 1.20 | 0.83 | 4.37 |
CVS CVS Health Corporation | 0.05 | 0.36 | 1.05 | 0.03 | 0.12 |
CI Cigna Corporation | -0.12 | 0.01 | 1.00 | -0.12 | -0.26 |
ENB Enbridge Inc. | 2.81 | 3.58 | 1.49 | 2.25 | 15.15 |
FDX FedEx Corporation | -0.56 | -0.58 | 0.91 | -0.56 | -1.53 |
ICE Intercontinental Exchange, Inc. | 1.29 | 1.75 | 1.26 | 1.66 | 5.03 |
KMI Kinder Morgan, Inc. | 2.47 | 2.89 | 1.48 | 1.67 | 9.47 |
MO Altria Group, Inc. | 2.94 | 4.04 | 1.54 | 3.87 | 12.69 |
NEE NextEra Energy, Inc. | 0.37 | 0.67 | 1.09 | 0.38 | 0.94 |
NVS | 1.20 | 1.66 | 1.23 | 1.16 | 2.53 |
OMAB | 0.40 | 0.81 | 1.10 | 0.41 | 0.88 |
PEP | -0.61 | -0.74 | 0.91 | -0.50 | -1.08 |
PRU | -0.12 | 0.03 | 1.00 | -0.13 | -0.38 |
RTX | 1.34 | 1.90 | 1.28 | 2.26 | 7.17 |
TFC | 0.18 | 0.49 | 1.06 | 0.14 | 0.72 |
TRV | 0.63 | 0.98 | 1.14 | 1.34 | 3.23 |
UNP | -0.11 | 0.00 | 1.00 | -0.14 | -0.40 |
USB | -0.08 | 0.09 | 1.01 | -0.07 | -0.25 |
V | 1.05 | 1.49 | 1.22 | 1.49 | 5.30 |
SoftR-Through-Course
Benchmark (^GSPC)
Portfolio components
Dividends
Dividend yield
SoftR-Through-Course provided a 3.42% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.42% | 3.45% | 3.64% | 3.57% | 2.89% | 3.07% | 2.74% | 3.14% | 2.39% | 2.41% | 2.88% | 2.27% |
| Portfolio components: | ||||||||||||
AFL Aflac Incorporated | 1.94% | 1.93% | 2.04% | 2.22% | 2.26% | 2.52% | 2.04% | 2.28% | 1.98% | 2.39% | 2.64% | 2.46% |
AMGN Amgen Inc. | 3.29% | 3.45% | 2.96% | 2.95% | 3.13% | 2.78% | 2.41% | 2.71% | 2.65% | 2.74% | 1.95% | 1.53% |
ATO Atmos Energy Corporation | 2.13% | 2.36% | 2.61% | 2.48% | 2.44% | 2.46% | 1.92% | 2.14% | 2.14% | 2.31% | 2.52% | 2.69% |
AXP American Express Company | 1.16% | 0.91% | 1.24% | 1.35% | 1.05% | 1.42% | 1.29% | 1.51% | 1.32% | 1.61% | 1.58% | 1.05% |
BMY Bristol-Myers Squibb Company | 4.96% | 4.24% | 4.44% | 3.00% | 2.36% | 3.69% | 2.55% | 3.08% | 2.55% | 1.95% | 2.17% | 2.46% |
BN Brookfield Corp | 0.66% | 0.56% | 0.87% | 1.88% | 0.86% | 1.16% | 1.44% | 1.55% | 1.68% | 1.55% | 1.97% | 1.75% |
BNS The Bank of Nova Scotia | 6.43% | 5.84% | 6.40% | 6.40% | 4.02% | 4.94% | 3.54% | 5.10% | 3.75% | 3.98% | 6.63% | 4.11% |
BTI British American Tobacco p.l.c. | 7.03% | 8.18% | 9.57% | 7.40% | 7.98% | 7.22% | 6.35% | 8.52% | 4.18% | 3.79% | 4.21% | 4.55% |
CAKE The Cheesecake Factory Incorporated | 2.26% | 2.28% | 3.08% | 2.55% | 0.00% | 0.97% | 3.55% | 2.85% | 2.20% | 1.47% | 1.58% | 1.21% |
COR Cencora Inc. | 0.74% | 0.93% | 0.96% | 1.13% | 1.34% | 1.74% | 1.88% | 2.07% | 1.61% | 1.77% | 1.17% | 1.10% |
CSCO Cisco Systems, Inc. | 2.89% | 2.69% | 3.07% | 3.17% | 2.32% | 3.20% | 2.88% | 2.95% | 2.95% | 3.28% | 3.02% | 2.66% |
CVS CVS Health Corporation | 3.95% | 5.93% | 3.06% | 2.36% | 1.94% | 2.93% | 2.69% | 3.05% | 2.76% | 2.15% | 1.43% | 1.14% |
CI Cigna Corporation | 1.73% | 2.03% | 1.64% | 1.35% | 1.74% | 0.02% | 0.02% | 0.02% | 0.02% | 0.03% | 0.03% | 0.04% |
ENB Enbridge Inc. | 5.85% | 6.28% | 7.29% | 6.78% | 6.86% | 7.54% | 5.57% | 6.69% | 4.73% | 3.78% | 4.41% | 2.47% |
FDX FedEx Corporation | 2.66% | 1.92% | 1.95% | 2.42% | 1.12% | 1.00% | 1.72% | 1.52% | 0.76% | 0.78% | 0.64% | 0.43% |
ICE Intercontinental Exchange, Inc. | 1.15% | 1.21% | 1.31% | 1.48% | 0.97% | 1.04% | 1.19% | 1.27% | 1.13% | 1.21% | 1.13% | 1.19% |
KMI Kinder Morgan, Inc. | 4.24% | 4.18% | 6.38% | 6.10% | 6.76% | 7.59% | 4.49% | 4.71% | 2.77% | 2.41% | 12.94% | 4.02% |
MO Altria Group, Inc. | 6.95% | 7.65% | 9.52% | 8.05% | 7.43% | 8.29% | 6.57% | 6.07% | 3.56% | 3.48% | 3.73% | 4.06% |
NEE NextEra Energy, Inc. | 3.18% | 2.87% | 3.08% | 2.03% | 1.65% | 1.81% | 2.06% | 2.55% | 2.52% | 2.91% | 2.96% | 2.73% |
NVS | 3.49% | 3.88% | 3.44% | 3.91% | 4.08% | 3.40% | 2.87% | 3.72% | 3.50% | 4.06% | 3.51% | 3.14% |
OMAB | 5.73% | 6.97% | 5.14% | 10.82% | 3.55% | 0.00% | 2.81% | 4.30% | 4.06% | 4.65% | 4.05% | 5.05% |
PEP | 3.79% | 3.51% | 2.91% | 2.50% | 2.45% | 2.71% | 2.77% | 3.25% | 2.64% | 2.83% | 2.76% | 2.68% |
PRU | 5.28% | 4.39% | 4.82% | 4.83% | 4.25% | 5.64% | 4.27% | 4.41% | 2.61% | 2.69% | 3.00% | 2.40% |
RTX | 1.96% | 2.14% | 2.76% | 2.14% | 2.33% | 2.64% | 1.96% | 2.66% | 2.13% | 2.39% | 2.66% | 2.05% |
TFC | 5.79% | 4.79% | 5.63% | 4.65% | 3.18% | 3.76% | 3.04% | 3.60% | 2.53% | 2.45% | 2.78% | 2.44% |
TRV | 1.64% | 1.72% | 2.06% | 1.96% | 2.23% | 2.40% | 2.36% | 2.53% | 2.09% | 2.14% | 2.11% | 2.03% |
UNP | 2.42% | 2.32% | 2.12% | 2.45% | 1.70% | 1.86% | 2.05% | 2.21% | 1.85% | 2.17% | 2.81% | 1.60% |
USB | 5.21% | 4.14% | 4.46% | 4.31% | 3.13% | 3.61% | 2.66% | 2.93% | 2.16% | 2.08% | 2.37% | 2.15% |
V | 0.67% | 0.68% | 0.72% | 0.76% | 0.62% | 0.56% | 0.56% | 0.67% | 0.61% | 0.75% | 0.64% | 0.64% |
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.
SoftR-Through-Course
Benchmark (^GSPC)
Portfolio components
Worst Drawdowns
The table below displays the maximum drawdowns of the SoftR-Through-Course. 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 SoftR-Through-Course was 38.54%, occurring on Mar 23, 2020. Recovery took 201 trading sessions.
The current SoftR-Through-Course drawdown is 5.52%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -38.54% | Feb 18, 2020 | 25 | Mar 23, 2020 | 201 | Jan 7, 2021 | 226 |
| -17.63% | Sep 24, 2018 | 64 | Dec 24, 2018 | 114 | Jun 10, 2019 | 178 |
| -17.05% | Jul 8, 2011 | 22 | Aug 8, 2011 | 112 | Jan 18, 2012 | 134 |
| -16.66% | Mar 30, 2022 | 128 | Sep 30, 2022 | 199 | Jul 19, 2023 | 327 |
| -13.85% | Jul 21, 2015 | 143 | Feb 11, 2016 | 79 | Jun 6, 2016 | 222 |
Volatility
Volatility Chart
The current SoftR-Through-Course volatility is 9.22%, 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.
SoftR-Through-Course
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.
| OMAB | NEE | CAKE | BMY | ATO | COR | BTI | MO | CI | NVS | PEP | AMGN | KMI | ICE | ENB | CVS | CSCO | FDX | V | BNS | TRV | UNP | BN | RTX | TFC | AXP | USB | AFL | PRU | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OMAB | 1.00 | 0.18 | 0.20 | 0.18 | 0.16 | 0.19 | 0.25 | 0.18 | 0.20 | 0.23 | 0.19 | 0.20 | 0.25 | 0.20 | 0.29 | 0.19 | 0.24 | 0.26 | 0.26 | 0.33 | 0.23 | 0.29 | 0.32 | 0.27 | 0.27 | 0.31 | 0.28 | 0.28 | 0.28 |
| NEE | 0.18 | 1.00 | 0.18 | 0.27 | 0.60 | 0.21 | 0.28 | 0.35 | 0.23 | 0.30 | 0.47 | 0.27 | 0.26 | 0.31 | 0.30 | 0.26 | 0.28 | 0.24 | 0.29 | 0.26 | 0.34 | 0.30 | 0.34 | 0.29 | 0.21 | 0.25 | 0.23 | 0.30 | 0.21 |
| CAKE | 0.20 | 0.18 | 1.00 | 0.19 | 0.23 | 0.24 | 0.23 | 0.27 | 0.24 | 0.19 | 0.20 | 0.22 | 0.27 | 0.27 | 0.25 | 0.28 | 0.33 | 0.39 | 0.31 | 0.31 | 0.30 | 0.35 | 0.36 | 0.34 | 0.42 | 0.41 | 0.40 | 0.37 | 0.43 |
| BMY | 0.18 | 0.27 | 0.19 | 1.00 | 0.28 | 0.38 | 0.29 | 0.32 | 0.34 | 0.40 | 0.34 | 0.48 | 0.25 | 0.29 | 0.26 | 0.38 | 0.33 | 0.27 | 0.34 | 0.26 | 0.32 | 0.32 | 0.28 | 0.33 | 0.31 | 0.31 | 0.32 | 0.35 | 0.32 |
| ATO | 0.16 | 0.60 | 0.23 | 0.28 | 1.00 | 0.28 | 0.32 | 0.37 | 0.26 | 0.29 | 0.45 | 0.30 | 0.33 | 0.29 | 0.34 | 0.30 | 0.29 | 0.26 | 0.29 | 0.29 | 0.40 | 0.33 | 0.35 | 0.33 | 0.27 | 0.28 | 0.30 | 0.38 | 0.29 |
| COR | 0.19 | 0.21 | 0.24 | 0.38 | 0.28 | 1.00 | 0.27 | 0.31 | 0.44 | 0.37 | 0.32 | 0.42 | 0.28 | 0.28 | 0.26 | 0.48 | 0.33 | 0.32 | 0.33 | 0.27 | 0.37 | 0.32 | 0.29 | 0.36 | 0.29 | 0.33 | 0.31 | 0.38 | 0.37 |
| BTI | 0.25 | 0.28 | 0.23 | 0.29 | 0.32 | 0.27 | 1.00 | 0.51 | 0.28 | 0.40 | 0.38 | 0.31 | 0.27 | 0.25 | 0.36 | 0.32 | 0.32 | 0.27 | 0.33 | 0.39 | 0.35 | 0.31 | 0.37 | 0.34 | 0.29 | 0.31 | 0.33 | 0.35 | 0.33 |
| MO | 0.18 | 0.35 | 0.27 | 0.32 | 0.37 | 0.31 | 0.51 | 1.00 | 0.30 | 0.30 | 0.47 | 0.32 | 0.28 | 0.25 | 0.30 | 0.37 | 0.30 | 0.29 | 0.28 | 0.30 | 0.39 | 0.33 | 0.29 | 0.35 | 0.30 | 0.31 | 0.33 | 0.36 | 0.34 |
| CI | 0.20 | 0.23 | 0.24 | 0.34 | 0.26 | 0.44 | 0.28 | 0.30 | 1.00 | 0.31 | 0.29 | 0.36 | 0.28 | 0.28 | 0.27 | 0.48 | 0.34 | 0.34 | 0.33 | 0.33 | 0.37 | 0.37 | 0.32 | 0.39 | 0.35 | 0.38 | 0.38 | 0.41 | 0.42 |
| NVS | 0.23 | 0.30 | 0.19 | 0.40 | 0.29 | 0.37 | 0.40 | 0.30 | 0.31 | 1.00 | 0.39 | 0.44 | 0.28 | 0.32 | 0.38 | 0.32 | 0.37 | 0.29 | 0.38 | 0.37 | 0.33 | 0.34 | 0.38 | 0.36 | 0.27 | 0.34 | 0.30 | 0.36 | 0.32 |
| PEP | 0.19 | 0.47 | 0.20 | 0.34 | 0.45 | 0.32 | 0.38 | 0.47 | 0.29 | 0.39 | 1.00 | 0.39 | 0.22 | 0.36 | 0.28 | 0.38 | 0.38 | 0.31 | 0.38 | 0.29 | 0.42 | 0.33 | 0.33 | 0.36 | 0.25 | 0.30 | 0.29 | 0.38 | 0.30 |
| AMGN | 0.20 | 0.27 | 0.22 | 0.48 | 0.30 | 0.42 | 0.31 | 0.32 | 0.36 | 0.44 | 0.39 | 1.00 | 0.26 | 0.33 | 0.27 | 0.38 | 0.39 | 0.34 | 0.38 | 0.29 | 0.34 | 0.36 | 0.32 | 0.35 | 0.33 | 0.35 | 0.35 | 0.36 | 0.35 |
| KMI | 0.25 | 0.26 | 0.27 | 0.25 | 0.33 | 0.28 | 0.27 | 0.28 | 0.28 | 0.28 | 0.22 | 0.26 | 1.00 | 0.28 | 0.56 | 0.30 | 0.34 | 0.34 | 0.32 | 0.43 | 0.33 | 0.41 | 0.42 | 0.40 | 0.41 | 0.42 | 0.41 | 0.43 | 0.45 |
| ICE | 0.20 | 0.31 | 0.27 | 0.29 | 0.29 | 0.28 | 0.25 | 0.25 | 0.28 | 0.32 | 0.36 | 0.33 | 0.28 | 1.00 | 0.28 | 0.30 | 0.38 | 0.36 | 0.46 | 0.36 | 0.40 | 0.41 | 0.41 | 0.38 | 0.40 | 0.43 | 0.42 | 0.43 | 0.44 |
| ENB | 0.29 | 0.30 | 0.25 | 0.26 | 0.34 | 0.26 | 0.36 | 0.30 | 0.27 | 0.38 | 0.28 | 0.27 | 0.56 | 0.28 | 1.00 | 0.28 | 0.34 | 0.33 | 0.35 | 0.57 | 0.34 | 0.40 | 0.50 | 0.39 | 0.36 | 0.38 | 0.38 | 0.39 | 0.40 |
| CVS | 0.19 | 0.26 | 0.28 | 0.38 | 0.30 | 0.48 | 0.32 | 0.37 | 0.48 | 0.32 | 0.38 | 0.38 | 0.30 | 0.30 | 0.28 | 1.00 | 0.37 | 0.37 | 0.34 | 0.33 | 0.41 | 0.38 | 0.34 | 0.40 | 0.40 | 0.40 | 0.42 | 0.44 | 0.44 |
| CSCO | 0.24 | 0.28 | 0.33 | 0.33 | 0.29 | 0.33 | 0.32 | 0.30 | 0.34 | 0.37 | 0.38 | 0.39 | 0.34 | 0.38 | 0.34 | 0.37 | 1.00 | 0.46 | 0.48 | 0.42 | 0.39 | 0.46 | 0.46 | 0.46 | 0.43 | 0.48 | 0.45 | 0.46 | 0.48 |
| FDX | 0.26 | 0.24 | 0.39 | 0.27 | 0.26 | 0.32 | 0.27 | 0.29 | 0.34 | 0.29 | 0.31 | 0.34 | 0.34 | 0.36 | 0.33 | 0.37 | 0.46 | 1.00 | 0.43 | 0.43 | 0.40 | 0.57 | 0.46 | 0.48 | 0.51 | 0.50 | 0.52 | 0.48 | 0.55 |
| V | 0.26 | 0.29 | 0.31 | 0.34 | 0.29 | 0.33 | 0.33 | 0.28 | 0.33 | 0.38 | 0.38 | 0.38 | 0.32 | 0.46 | 0.35 | 0.34 | 0.48 | 0.43 | 1.00 | 0.41 | 0.42 | 0.46 | 0.49 | 0.46 | 0.42 | 0.57 | 0.44 | 0.47 | 0.48 |
| BNS | 0.33 | 0.26 | 0.31 | 0.26 | 0.29 | 0.27 | 0.39 | 0.30 | 0.33 | 0.37 | 0.29 | 0.29 | 0.43 | 0.36 | 0.57 | 0.33 | 0.42 | 0.43 | 0.41 | 1.00 | 0.42 | 0.47 | 0.61 | 0.46 | 0.53 | 0.52 | 0.55 | 0.53 | 0.57 |
| TRV | 0.23 | 0.34 | 0.30 | 0.32 | 0.40 | 0.37 | 0.35 | 0.39 | 0.37 | 0.33 | 0.42 | 0.34 | 0.33 | 0.40 | 0.34 | 0.41 | 0.39 | 0.40 | 0.42 | 0.42 | 1.00 | 0.45 | 0.43 | 0.51 | 0.51 | 0.51 | 0.55 | 0.63 | 0.59 |
| UNP | 0.29 | 0.30 | 0.35 | 0.32 | 0.33 | 0.32 | 0.31 | 0.33 | 0.37 | 0.34 | 0.33 | 0.36 | 0.41 | 0.41 | 0.40 | 0.38 | 0.46 | 0.57 | 0.46 | 0.47 | 0.45 | 1.00 | 0.49 | 0.51 | 0.52 | 0.51 | 0.53 | 0.50 | 0.56 |
| BN | 0.32 | 0.34 | 0.36 | 0.28 | 0.35 | 0.29 | 0.37 | 0.29 | 0.32 | 0.38 | 0.33 | 0.32 | 0.42 | 0.41 | 0.50 | 0.34 | 0.46 | 0.46 | 0.49 | 0.61 | 0.43 | 0.49 | 1.00 | 0.47 | 0.50 | 0.54 | 0.52 | 0.50 | 0.54 |
| RTX | 0.27 | 0.29 | 0.34 | 0.33 | 0.33 | 0.36 | 0.34 | 0.35 | 0.39 | 0.36 | 0.36 | 0.35 | 0.40 | 0.38 | 0.39 | 0.40 | 0.46 | 0.48 | 0.46 | 0.46 | 0.51 | 0.51 | 0.47 | 1.00 | 0.50 | 0.55 | 0.52 | 0.55 | 0.57 |
| TFC | 0.27 | 0.21 | 0.42 | 0.31 | 0.27 | 0.29 | 0.29 | 0.30 | 0.35 | 0.27 | 0.25 | 0.33 | 0.41 | 0.40 | 0.36 | 0.40 | 0.43 | 0.51 | 0.42 | 0.53 | 0.51 | 0.52 | 0.50 | 0.50 | 1.00 | 0.64 | 0.82 | 0.61 | 0.74 |
| AXP | 0.31 | 0.25 | 0.41 | 0.31 | 0.28 | 0.33 | 0.31 | 0.31 | 0.38 | 0.34 | 0.30 | 0.35 | 0.42 | 0.43 | 0.38 | 0.40 | 0.48 | 0.50 | 0.57 | 0.52 | 0.51 | 0.51 | 0.54 | 0.55 | 0.64 | 1.00 | 0.66 | 0.60 | 0.66 |
| USB | 0.28 | 0.23 | 0.40 | 0.32 | 0.30 | 0.31 | 0.33 | 0.33 | 0.38 | 0.30 | 0.29 | 0.35 | 0.41 | 0.42 | 0.38 | 0.42 | 0.45 | 0.52 | 0.44 | 0.55 | 0.55 | 0.53 | 0.52 | 0.52 | 0.82 | 0.66 | 1.00 | 0.63 | 0.74 |
| AFL | 0.28 | 0.30 | 0.37 | 0.35 | 0.38 | 0.38 | 0.35 | 0.36 | 0.41 | 0.36 | 0.38 | 0.36 | 0.43 | 0.43 | 0.39 | 0.44 | 0.46 | 0.48 | 0.47 | 0.53 | 0.63 | 0.50 | 0.50 | 0.55 | 0.61 | 0.60 | 0.63 | 1.00 | 0.74 |
| PRU | 0.28 | 0.21 | 0.43 | 0.32 | 0.29 | 0.37 | 0.33 | 0.34 | 0.42 | 0.32 | 0.30 | 0.35 | 0.45 | 0.44 | 0.40 | 0.44 | 0.48 | 0.55 | 0.48 | 0.57 | 0.59 | 0.56 | 0.54 | 0.57 | 0.74 | 0.66 | 0.74 | 0.74 | 1.00 |
The correlation results are calculated based on daily price changes starting from Feb 14, 2011