AVK Rollover IRA new Aug 2024
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification
AVK Rollover IRA new Aug 2024
Last updated Apr 27, 2025
New AVK rollover IRA as of 25 Aug 2024. Created Aug 5-Aug 16 2024 after the selloff on August 5. Not as good performance-wise as the portfolio it was created from. Some changes were done Aug 19-21 to optimize this portfolio to max Sharpe ratio ( for optimization, see separate portfolio entry). Updated 27 Aug 24.
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
ABT Abbott Laboratories | Healthcare | 5.82% |
ADM Archer-Daniels-Midland Company | Consumer Defensive | 3.10% |
ADP Automatic Data Processing, Inc. | Industrials | 3.04% |
AJG Arthur J. Gallagher & Co. | Financial Services | 2.10% |
ARCC Ares Capital Corporation | Financial Services | 4.06% |
AXP American Express Company | Financial Services | 1.84% |
BAESY BAE Systems PLC | Industrials | 5.76% |
BRO Brown & Brown, Inc. | Financial Services | 5.01% |
CNI Canadian National Railway Company | Industrials | 2.91% |
CSWC Capital Southwest Corporation | Financial Services | 4.18% |
CVS CVS Health Corporation | Healthcare | 2.37% |
FANG Diamondback Energy, Inc. | Energy | 4.80% |
GD General Dynamics Corporation | 4.21% | |
GIS General Mills, Inc. | Consumer Defensive | 5.14% |
INGR Ingredion Incorporated | Consumer Defensive | 5.10% |
ITOCY Itochu Corp ADR | Industrials | 2.40% |
LMT Lockheed Martin Corporation | Industrials | 9.48% |
MCK McKesson Corporation | Healthcare | 3.20% |
NEE NextEra Energy, Inc. | Utilities | 2.23% |
NTR | 2.61% | |
ODFL | 4.45% | |
STLD | 1.46% | |
STRL | 1.35% | |
T | 6.32% | |
TMO | 2.93% | |
TROW | 4.14% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AVK Rollover IRA new Aug 2024, 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.
AVK Rollover IRA new Aug 2024
Benchmark (^GSPC)
Portfolio components
The earliest data available for this chart is Oct 12, 2012, corresponding to the inception date of FANG
Returns By Period
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -6.06% | -2.95% | -4.87% | 8.34% | 13.98% | 10.15% |
| AVK Rollover IRA new Aug 2024 | 4.12% | -1.63% | -0.17% | 9.40% | 17.99% | N/A |
| Portfolio components: | ||||||
ABT Abbott Laboratories | 15.04% | -1.45% | 13.93% | 22.23% | 8.22% | 12.73% |
ADM Archer-Daniels-Midland Company | -3.42% | -0.06% | -12.92% | -16.68% | 8.70% | 2.79% |
ADP Automatic Data Processing, Inc. | 0.20% | -4.48% | 2.39% | 22.61% | 17.97% | 15.60% |
AJG Arthur J. Gallagher & Co. | 13.76% | -5.48% | 14.34% | 38.82% | 34.73% | 23.23% |
ARCC Ares Capital Corporation | -1.35% | -5.59% | 2.29% | 11.26% | 22.67% | 12.38% |
AXP American Express Company | -10.27% | -2.33% | -0.39% | 13.65% | 27.25% | 14.83% |
BAESY BAE Systems PLC | 61.41% | 11.14% | 38.36% | 36.52% | 34.15% | 15.62% |
BRO Brown & Brown, Inc. | 12.33% | -6.88% | 10.37% | 41.29% | 27.19% | 22.87% |
CNI Canadian National Railway Company | -3.76% | -2.67% | -11.46% | -20.74% | 6.00% | 6.04% |
CSWC Capital Southwest Corporation | -4.43% | -10.66% | -16.30% | -12.90% | 21.40% | 11.02% |
CVS CVS Health Corporation | 48.88% | -2.36% | 18.31% | 1.73% | 3.83% | -1.46% |
FANG Diamondback Energy, Inc. | -15.93% | -14.65% | -24.93% | -31.91% | 36.43% | 7.66% |
GD General Dynamics Corporation | 4.34% | 1.48% | -9.12% | -2.38% | 17.92% | 9.45% |
GIS General Mills, Inc. | -10.12% | -4.92% | -16.08% | -17.61% | 2.00% | 3.61% |
INGR Ingredion Incorporated | -4.23% | -3.41% | -2.41% | 17.77% | 12.54% | 8.14% |
ITOCY Itochu Corp ADR | 1.68% | 4.54% | 1.93% | 12.68% | 20.24% | 17.99% |
LMT Lockheed Martin Corporation | -0.98% | 7.99% | -13.89% | 6.26% | 7.65% | 12.60% |
MCK McKesson Corporation | 22.08% | 4.41% | 37.28% | 28.51% | 38.23% | 12.84% |
NEE NextEra Energy, Inc. | -7.05% | -5.63% | -17.62% | 2.97% | 4.14% | 12.81% |
NTR | 22.11% | 7.36% | 15.52% | 7.57% | 12.84% | N/A |
ODFL | -16.68% | -13.80% | -25.60% | -19.10% | 16.06% | N/A |
STLD | 12.09% | -0.10% | -0.93% | -3.52% | 41.36% | N/A |
STRL | -9.91% | 29.70% | 0.72% | 43.31% | 74.29% | N/A |
T | 20.53% | -3.92% | 25.72% | 68.44% | 9.91% | N/A |
TMO | -18.38% | -17.09% | -23.35% | -25.82% | 4.63% | N/A |
TROW | -20.70% | -6.61% | -18.61% | -18.72% | 0.33% | N/A |
*Annualized
Monthly Returns
The table below presents the monthly returns of AVK Rollover IRA new Aug 2024, 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 | 2.90% | 2.46% | -0.04% | -1.20% | 4.12% | ||||||||
| 2024 | 0.55% | 5.64% | 4.24% | -3.86% | 3.90% | -1.25% | 6.17% | 1.06% | 0.83% | -1.54% | 5.81% | -8.45% | 12.70% |
| 2023 | 3.07% | -2.34% | 1.42% | 1.09% | -4.38% | 7.23% | 3.74% | 0.48% | -3.52% | -0.74% | 3.89% | 3.78% | 13.87% |
| 2022 | -3.84% | 2.97% | 3.27% | -5.08% | 0.84% | -5.03% | 6.00% | -1.40% | -7.59% | 10.61% | 5.07% | -3.22% | 0.96% |
| 2021 | 0.04% | 4.34% | 5.94% | 4.37% | 2.26% | -1.12% | 2.47% | 2.90% | -1.83% | 8.30% | -1.61% | 5.74% | 36.10% |
| 2020 | 2.18% | -8.45% | -12.41% | 9.42% | 5.84% | -0.82% | 5.19% | 5.00% | -2.99% | -2.21% | 10.05% | 1.79% | 10.46% |
| 2019 | 8.02% | 3.47% | 0.44% | 3.69% | -4.41% | 7.61% | 2.04% | 0.72% | 1.60% | 0.92% | 2.34% | 2.08% | 31.83% |
| 2018 | 4.35% | -3.61% | -1.13% | -0.07% | 0.99% | -0.37% | 3.27% | 0.88% | 3.01% | -7.90% | 2.19% | -8.96% | -8.04% |
Expense Ratio
AVK Rollover IRA new Aug 2024 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
The current rank of AVK Rollover IRA new Aug 2024 is 37, 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: 0.49
^GSPC: 0.46
Portfolio: 0.81
^GSPC: 0.77
Portfolio: 1.11
^GSPC: 1.11
Portfolio: 0.60
^GSPC: 0.47
Portfolio: 1.77
^GSPC: 1.94
Portfolio components
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
ABT Abbott Laboratories | 1.08 | 1.65 | 1.21 | 0.87 | 5.34 |
ADM Archer-Daniels-Midland Company | -0.70 | -0.85 | 0.89 | -0.35 | -1.11 |
ADP Automatic Data Processing, Inc. | 1.08 | 1.55 | 1.21 | 1.64 | 5.81 |
AJG Arthur J. Gallagher & Co. | 1.71 | 2.18 | 1.30 | 2.98 | 8.47 |
ARCC Ares Capital Corporation | 0.57 | 0.92 | 1.14 | 0.61 | 2.78 |
AXP American Express Company | 0.38 | 0.75 | 1.10 | 0.42 | 1.43 |
BAESY BAE Systems PLC | 1.04 | 1.83 | 1.23 | 1.76 | 3.94 |
BRO Brown & Brown, Inc. | 1.91 | 2.45 | 1.35 | 3.42 | 9.51 |
CNI Canadian National Railway Company | -1.07 | -1.50 | 0.83 | -0.81 | -1.64 |
CSWC Capital Southwest Corporation | -0.50 | -0.53 | 0.92 | -0.44 | -1.16 |
CVS CVS Health Corporation | -0.01 | 0.29 | 1.04 | -0.00 | -0.02 |
FANG Diamondback Energy, Inc. | -0.80 | -0.97 | 0.87 | -0.73 | -1.76 |
GD General Dynamics Corporation | -0.23 | -0.16 | 0.98 | -0.23 | -0.49 |
GIS General Mills, Inc. | -0.81 | -1.03 | 0.88 | -0.53 | -1.40 |
INGR Ingredion Incorporated | 0.66 | 1.28 | 1.17 | 0.86 | 1.89 |
ITOCY Itochu Corp ADR | 0.50 | 0.94 | 1.11 | 0.58 | 1.37 |
LMT Lockheed Martin Corporation | 0.29 | 0.52 | 1.08 | 0.21 | 0.43 |
MCK McKesson Corporation | 1.15 | 1.56 | 1.26 | 1.31 | 3.22 |
NEE NextEra Energy, Inc. | 0.09 | 0.32 | 1.04 | 0.11 | 0.23 |
NTR | 0.29 | 0.62 | 1.07 | 0.14 | 0.51 |
ODFL | -0.84 | -1.08 | 0.86 | -0.90 | -2.06 |
STLD | -0.10 | 0.14 | 1.02 | -0.13 | -0.26 |
STRL | 0.77 | 1.39 | 1.19 | 1.04 | 2.40 |
T | 3.11 | 3.72 | 1.55 | 2.82 | 25.42 |
TMO | -1.04 | -1.49 | 0.82 | -0.71 | -2.06 |
TROW | -0.60 | -0.74 | 0.91 | -0.30 | -1.41 |
AVK Rollover IRA new Aug 2024
Benchmark (^GSPC)
Portfolio components
Dividends
Dividend yield
AVK Rollover IRA new Aug 2024 provided a 3.18% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.18% | 3.18% | 3.15% | 3.21% | 3.02% | 3.44% | 3.02% | 3.19% | 2.53% | 2.43% | 2.67% | 2.38% |
| Portfolio components: | ||||||||||||
ABT Abbott Laboratories | 1.77% | 1.95% | 1.85% | 1.71% | 1.28% | 1.32% | 1.47% | 1.55% | 1.86% | 2.71% | 2.14% | 1.95% |
ADM Archer-Daniels-Midland Company | 4.17% | 3.96% | 2.49% | 1.72% | 2.19% | 2.86% | 3.02% | 3.27% | 3.19% | 2.63% | 3.05% | 1.85% |
ADP Automatic Data Processing, Inc. | 2.02% | 1.96% | 2.21% | 1.83% | 1.55% | 2.08% | 1.92% | 2.14% | 2.00% | 2.10% | 2.36% | 2.11% |
AJG Arthur J. Gallagher & Co. | 0.76% | 0.85% | 0.98% | 1.08% | 1.13% | 1.46% | 1.81% | 2.23% | 2.47% | 2.93% | 3.62% | 3.06% |
ARCC Ares Capital Corporation | 9.10% | 8.77% | 9.59% | 10.12% | 7.65% | 9.47% | 9.01% | 9.88% | 9.67% | 9.22% | 11.02% | 10.06% |
AXP American Express Company | 1.10% | 0.91% | 1.24% | 1.35% | 1.05% | 1.42% | 1.29% | 1.51% | 1.32% | 1.61% | 1.58% | 1.05% |
BAESY BAE Systems PLC | 1.87% | 2.79% | 2.40% | 3.09% | 4.46% | 7.12% | 3.71% | 5.10% | 3.47% | 3.97% | 4.36% | 4.66% |
BRO Brown & Brown, Inc. | 0.49% | 0.53% | 0.67% | 0.74% | 0.54% | 0.73% | 0.82% | 1.11% | 1.08% | 1.12% | 1.41% | 1.25% |
CNI Canadian National Railway Company | 2.54% | 2.44% | 1.85% | 2.34% | 2.00% | 1.71% | 1.94% | 1.88% | 1.54% | 1.70% | 1.73% | 1.30% |
CSWC Capital Southwest Corporation | 12.55% | 11.59% | 10.21% | 12.75% | 10.13% | 11.49% | 13.07% | 5.88% | 7.01% | 2.35% | 0.00% | 0.00% |
CVS CVS Health Corporation | 4.07% | 5.93% | 3.06% | 2.36% | 1.94% | 2.93% | 2.69% | 3.05% | 2.76% | 2.15% | 1.43% | 1.14% |
FANG Diamondback Energy, Inc. | 4.54% | 5.06% | 5.15% | 6.55% | 1.62% | 3.10% | 0.74% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% |
GD General Dynamics Corporation | 2.12% | 2.12% | 2.01% | 2.00% | 2.24% | 2.90% | 2.26% | 2.31% | 1.61% | 1.72% | 2.46% | 1.76% |
GIS General Mills, Inc. | 4.28% | 3.73% | 3.47% | 2.50% | 3.03% | 3.37% | 3.66% | 5.03% | 3.27% | 3.01% | 3.00% | 3.02% |
INGR Ingredion Incorporated | 2.44% | 1.72% | 2.75% | 2.78% | 2.67% | 3.23% | 2.70% | 2.68% | 1.57% | 1.52% | 1.82% | 1.98% |
ITOCY Itochu Corp ADR | 0.00% | 0.00% | 0.00% | 0.00% | 2.65% | 2.83% | 3.53% | 3.93% | 2.83% | 3.68% | 3.30% | 4.09% |
LMT Lockheed Martin Corporation | 2.70% | 2.62% | 2.68% | 2.34% | 2.98% | 2.76% | 2.31% | 3.13% | 2.32% | 2.71% | 2.83% | 2.85% |
MCK McKesson Corporation | 0.40% | 0.47% | 0.50% | 0.54% | 0.72% | 0.95% | 1.16% | 1.32% | 0.80% | 0.80% | 0.53% | 0.46% |
NEE NextEra Energy, Inc. | 3.19% | 2.87% | 3.08% | 2.03% | 1.65% | 1.81% | 2.06% | 2.55% | 2.52% | 2.91% | 2.96% | 2.73% |
NTR | 4.01% | 4.83% | 3.76% | 2.63% | 2.45% | 3.74% | 3.67% | 3.47% | 0.00% | 0.00% | 0.00% | 0.00% |
ODFL | 0.72% | 0.59% | 0.39% | 0.42% | 0.22% | 0.31% | 0.36% | 0.74% | 0.30% | 0.00% | 0.00% | 0.00% |
STLD | 1.48% | 1.61% | 1.44% | 1.39% | 1.68% | 2.71% | 2.82% | 2.50% | 1.44% | 1.57% | 3.08% | 2.33% |
STRL | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
T | 4.14% | 4.87% | 6.62% | 6.66% | 8.45% | 7.23% | 5.22% | 7.01% | 5.04% | 4.51% | 5.46% | 5.48% |
TMO | 0.38% | 0.30% | 0.26% | 0.22% | 0.16% | 0.19% | 0.23% | 0.30% | 0.32% | 0.43% | 0.42% | 0.48% |
TROW | 5.64% | 4.39% | 4.53% | 4.40% | 3.72% | 2.38% | 2.50% | 3.03% | 2.17% | 2.87% | 5.71% | 2.05% |
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.
AVK Rollover IRA new Aug 2024
Benchmark (^GSPC)
Portfolio components
Worst Drawdowns
The table below displays the maximum drawdowns of the AVK Rollover IRA new Aug 2024. 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 AVK Rollover IRA new Aug 2024 was 35.33%, occurring on Mar 23, 2020. Recovery took 162 trading sessions.
The current AVK Rollover IRA new Aug 2024 drawdown is 5.51%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -35.33% | Feb 21, 2020 | 22 | Mar 23, 2020 | 162 | Nov 10, 2020 | 184 |
| -19.5% | Oct 2, 2018 | 59 | Dec 24, 2018 | 120 | Jun 18, 2019 | 179 |
| -15.86% | Apr 21, 2022 | 41 | Jun 17, 2022 | 116 | Dec 2, 2022 | 157 |
| -12.63% | Nov 12, 2024 | 100 | Apr 8, 2025 | — | — | — |
| -8.88% | Jan 29, 2018 | 9 | Feb 8, 2018 | 150 | Sep 13, 2018 | 159 |
Volatility
Volatility Chart
The current AVK Rollover IRA new Aug 2024 volatility is 10.61%, 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.
AVK Rollover IRA new Aug 2024
Benchmark (^GSPC)
Portfolio components
Diversification
Diversification Metrics
Number of Effective Assets
Effective Assets: 21.42
The portfolio contains 26 assets, with an effective number of assets of 21.42, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.
Asset Correlations Table
The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.
| ^GSPC | GIS | ITOCY | NEE | BAESY | CSWC | FANG | MCK | STRL | T | NTR | LMT | CVS | TMO | ABT | ODFL | ARCC | STLD | INGR | ADM | AJG | CNI | BRO | GD | ADP | AXP | TROW | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | 0.16 | 0.42 | 0.37 | 0.34 | 0.40 | 0.39 | 0.38 | 0.48 | 0.38 | 0.42 | 0.35 | 0.41 | 0.59 | 0.54 | 0.59 | 0.53 | 0.51 | 0.44 | 0.45 | 0.54 | 0.59 | 0.59 | 0.52 | 0.66 | 0.68 | 0.75 | 0.82 |
| GIS | 0.16 | 1.00 | 0.07 | 0.32 | 0.10 | 0.09 | 0.03 | 0.28 | 0.02 | 0.28 | 0.09 | 0.29 | 0.27 | 0.20 | 0.27 | 0.10 | 0.10 | 0.04 | 0.33 | 0.30 | 0.25 | 0.18 | 0.27 | 0.25 | 0.26 | 0.09 | 0.15 | 0.32 |
| ITOCY | 0.42 | 0.07 | 1.00 | 0.15 | 0.24 | 0.22 | 0.20 | 0.18 | 0.25 | 0.22 | 0.26 | 0.17 | 0.19 | 0.24 | 0.26 | 0.27 | 0.26 | 0.26 | 0.24 | 0.24 | 0.23 | 0.33 | 0.23 | 0.27 | 0.26 | 0.33 | 0.35 | 0.42 |
| NEE | 0.37 | 0.32 | 0.15 | 1.00 | 0.18 | 0.19 | 0.07 | 0.19 | 0.13 | 0.30 | 0.14 | 0.27 | 0.21 | 0.31 | 0.35 | 0.20 | 0.25 | 0.11 | 0.25 | 0.27 | 0.35 | 0.30 | 0.38 | 0.29 | 0.38 | 0.22 | 0.28 | 0.43 |
| BAESY | 0.34 | 0.10 | 0.24 | 0.18 | 1.00 | 0.21 | 0.25 | 0.23 | 0.24 | 0.22 | 0.26 | 0.32 | 0.20 | 0.16 | 0.18 | 0.22 | 0.26 | 0.28 | 0.28 | 0.28 | 0.25 | 0.31 | 0.27 | 0.38 | 0.28 | 0.29 | 0.27 | 0.46 |
| CSWC | 0.40 | 0.09 | 0.22 | 0.19 | 0.21 | 1.00 | 0.28 | 0.20 | 0.28 | 0.24 | 0.26 | 0.19 | 0.23 | 0.22 | 0.16 | 0.28 | 0.51 | 0.30 | 0.26 | 0.26 | 0.26 | 0.27 | 0.26 | 0.28 | 0.29 | 0.38 | 0.37 | 0.46 |
| FANG | 0.39 | 0.03 | 0.20 | 0.07 | 0.25 | 0.28 | 1.00 | 0.22 | 0.35 | 0.21 | 0.46 | 0.25 | 0.27 | 0.13 | 0.11 | 0.26 | 0.33 | 0.44 | 0.31 | 0.40 | 0.21 | 0.33 | 0.21 | 0.35 | 0.25 | 0.40 | 0.35 | 0.46 |
| MCK | 0.38 | 0.28 | 0.18 | 0.19 | 0.23 | 0.20 | 0.22 | 1.00 | 0.24 | 0.31 | 0.21 | 0.31 | 0.51 | 0.24 | 0.30 | 0.24 | 0.25 | 0.28 | 0.33 | 0.33 | 0.34 | 0.28 | 0.35 | 0.37 | 0.35 | 0.29 | 0.29 | 0.49 |
| STRL | 0.48 | 0.02 | 0.25 | 0.13 | 0.24 | 0.28 | 0.35 | 0.24 | 1.00 | 0.22 | 0.30 | 0.22 | 0.25 | 0.20 | 0.16 | 0.38 | 0.33 | 0.43 | 0.34 | 0.30 | 0.26 | 0.34 | 0.30 | 0.36 | 0.31 | 0.43 | 0.41 | 0.51 |
| T | 0.38 | 0.28 | 0.22 | 0.30 | 0.22 | 0.24 | 0.21 | 0.31 | 0.22 | 1.00 | 0.25 | 0.31 | 0.39 | 0.24 | 0.30 | 0.23 | 0.32 | 0.29 | 0.40 | 0.36 | 0.32 | 0.30 | 0.34 | 0.39 | 0.33 | 0.37 | 0.37 | 0.48 |
| NTR | 0.42 | 0.09 | 0.26 | 0.14 | 0.26 | 0.26 | 0.46 | 0.21 | 0.30 | 0.25 | 1.00 | 0.27 | 0.29 | 0.25 | 0.19 | 0.29 | 0.35 | 0.46 | 0.33 | 0.50 | 0.24 | 0.44 | 0.25 | 0.37 | 0.32 | 0.40 | 0.37 | 0.50 |
| LMT | 0.35 | 0.29 | 0.17 | 0.27 | 0.32 | 0.19 | 0.25 | 0.31 | 0.22 | 0.31 | 0.27 | 1.00 | 0.32 | 0.25 | 0.28 | 0.23 | 0.25 | 0.27 | 0.35 | 0.38 | 0.38 | 0.31 | 0.38 | 0.66 | 0.40 | 0.33 | 0.31 | 0.56 |
| CVS | 0.41 | 0.27 | 0.19 | 0.21 | 0.20 | 0.23 | 0.27 | 0.51 | 0.25 | 0.39 | 0.29 | 0.32 | 1.00 | 0.29 | 0.32 | 0.26 | 0.31 | 0.34 | 0.32 | 0.40 | 0.32 | 0.32 | 0.34 | 0.39 | 0.36 | 0.38 | 0.36 | 0.51 |
| TMO | 0.59 | 0.20 | 0.24 | 0.31 | 0.16 | 0.22 | 0.13 | 0.24 | 0.20 | 0.24 | 0.25 | 0.25 | 0.29 | 1.00 | 0.62 | 0.40 | 0.28 | 0.26 | 0.28 | 0.27 | 0.41 | 0.39 | 0.45 | 0.31 | 0.47 | 0.37 | 0.46 | 0.58 |
| ABT | 0.54 | 0.27 | 0.26 | 0.35 | 0.18 | 0.16 | 0.11 | 0.30 | 0.16 | 0.30 | 0.19 | 0.28 | 0.32 | 0.62 | 1.00 | 0.34 | 0.28 | 0.20 | 0.29 | 0.28 | 0.44 | 0.38 | 0.46 | 0.32 | 0.49 | 0.35 | 0.43 | 0.58 |
| ODFL | 0.59 | 0.10 | 0.27 | 0.20 | 0.22 | 0.28 | 0.26 | 0.24 | 0.38 | 0.23 | 0.29 | 0.23 | 0.26 | 0.40 | 0.34 | 1.00 | 0.33 | 0.40 | 0.30 | 0.30 | 0.35 | 0.46 | 0.41 | 0.38 | 0.44 | 0.42 | 0.53 | 0.65 |
| ARCC | 0.53 | 0.10 | 0.26 | 0.25 | 0.26 | 0.51 | 0.33 | 0.25 | 0.33 | 0.32 | 0.35 | 0.25 | 0.31 | 0.28 | 0.28 | 0.33 | 1.00 | 0.36 | 0.33 | 0.35 | 0.36 | 0.36 | 0.37 | 0.38 | 0.39 | 0.48 | 0.48 | 0.57 |
| STLD | 0.51 | 0.04 | 0.26 | 0.11 | 0.28 | 0.30 | 0.44 | 0.28 | 0.43 | 0.29 | 0.46 | 0.27 | 0.34 | 0.26 | 0.20 | 0.40 | 0.36 | 1.00 | 0.38 | 0.45 | 0.32 | 0.41 | 0.35 | 0.42 | 0.35 | 0.51 | 0.46 | 0.56 |
| INGR | 0.44 | 0.33 | 0.24 | 0.25 | 0.28 | 0.26 | 0.31 | 0.33 | 0.34 | 0.40 | 0.33 | 0.35 | 0.32 | 0.28 | 0.29 | 0.30 | 0.33 | 0.38 | 1.00 | 0.54 | 0.34 | 0.36 | 0.37 | 0.44 | 0.36 | 0.41 | 0.39 | 0.56 |
| ADM | 0.45 | 0.30 | 0.24 | 0.27 | 0.28 | 0.26 | 0.40 | 0.33 | 0.30 | 0.36 | 0.50 | 0.38 | 0.40 | 0.27 | 0.28 | 0.30 | 0.35 | 0.45 | 0.54 | 1.00 | 0.33 | 0.41 | 0.34 | 0.46 | 0.39 | 0.43 | 0.42 | 0.59 |
| AJG | 0.54 | 0.25 | 0.23 | 0.35 | 0.25 | 0.26 | 0.21 | 0.34 | 0.26 | 0.32 | 0.24 | 0.38 | 0.32 | 0.41 | 0.44 | 0.35 | 0.36 | 0.32 | 0.34 | 0.33 | 1.00 | 0.40 | 0.78 | 0.46 | 0.57 | 0.45 | 0.46 | 0.64 |
| CNI | 0.59 | 0.18 | 0.33 | 0.30 | 0.31 | 0.27 | 0.33 | 0.28 | 0.34 | 0.30 | 0.44 | 0.31 | 0.32 | 0.39 | 0.38 | 0.46 | 0.36 | 0.41 | 0.36 | 0.41 | 0.40 | 1.00 | 0.42 | 0.43 | 0.47 | 0.48 | 0.50 | 0.63 |
| BRO | 0.59 | 0.27 | 0.23 | 0.38 | 0.27 | 0.26 | 0.21 | 0.35 | 0.30 | 0.34 | 0.25 | 0.38 | 0.34 | 0.45 | 0.46 | 0.41 | 0.37 | 0.35 | 0.37 | 0.34 | 0.78 | 0.42 | 1.00 | 0.49 | 0.59 | 0.48 | 0.51 | 0.70 |
| GD | 0.52 | 0.25 | 0.27 | 0.29 | 0.38 | 0.28 | 0.35 | 0.37 | 0.36 | 0.39 | 0.37 | 0.66 | 0.39 | 0.31 | 0.32 | 0.38 | 0.38 | 0.42 | 0.44 | 0.46 | 0.46 | 0.43 | 0.49 | 1.00 | 0.49 | 0.51 | 0.47 | 0.70 |
| ADP | 0.66 | 0.26 | 0.26 | 0.38 | 0.28 | 0.29 | 0.25 | 0.35 | 0.31 | 0.33 | 0.32 | 0.40 | 0.36 | 0.47 | 0.49 | 0.44 | 0.39 | 0.35 | 0.36 | 0.39 | 0.57 | 0.47 | 0.59 | 0.49 | 1.00 | 0.50 | 0.56 | 0.69 |
| AXP | 0.68 | 0.09 | 0.33 | 0.22 | 0.29 | 0.38 | 0.40 | 0.29 | 0.43 | 0.37 | 0.40 | 0.33 | 0.38 | 0.37 | 0.35 | 0.42 | 0.48 | 0.51 | 0.41 | 0.43 | 0.45 | 0.48 | 0.48 | 0.51 | 0.50 | 1.00 | 0.61 | 0.67 |
| TROW | 0.75 | 0.15 | 0.35 | 0.28 | 0.27 | 0.37 | 0.35 | 0.29 | 0.41 | 0.37 | 0.37 | 0.31 | 0.36 | 0.46 | 0.43 | 0.53 | 0.48 | 0.46 | 0.39 | 0.42 | 0.46 | 0.50 | 0.51 | 0.47 | 0.56 | 0.61 | 1.00 | 0.71 |
| Portfolio | 0.82 | 0.32 | 0.42 | 0.43 | 0.46 | 0.46 | 0.46 | 0.49 | 0.51 | 0.48 | 0.50 | 0.56 | 0.51 | 0.58 | 0.58 | 0.65 | 0.57 | 0.56 | 0.56 | 0.59 | 0.64 | 0.63 | 0.70 | 0.70 | 0.69 | 0.67 | 0.71 | 1.00 |
The correlation results are calculated based on daily price changes starting from Jan 3, 2018