SPY vs. SPY 1M-10Y
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification
SPY vs. SPY 1M-10Y
Currency in USD · Last updated May 16, 2025
Components of the SP500 that performed better than the SPY ETF on timeframes 1M, 3M, 6M, YTD, 1Y, 3Y, 5Y, 10Y
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
AMZN Amazon.com, Inc. | Consumer Cyclical | 3.57% |
ANET Arista Networks, Inc. | Technology | 3.57% |
AXON Axon Enterprise, Inc. | Industrials | 3.57% |
AXP American Express Company | Financial Services | 3.57% |
BKNG Booking Holdings Inc. | Consumer Cyclical | 3.57% |
BSX Boston Scientific Corporation | Healthcare | 3.57% |
BX The Blackstone Group Inc. | Financial Services | 3.57% |
CBRE CBRE Group, Inc. | Real Estate | 3.57% |
CEG Constellation Energy Corp | Utilities | 3.57% |
COST Costco Wholesale Corporation | Consumer Defensive | 3.57% |
CRM salesforce.com, inc. | Technology | 3.57% |
DECK Deckers Outdoor Corporation | Consumer Cyclical | 3.57% |
GDDY GoDaddy Inc. | Technology | 3.57% |
GRMN Garmin Ltd. | Technology | 3.57% |
HLT Hilton Worldwide Holdings Inc. | Consumer Cyclical | 3.57% |
ISRG Intuitive Surgical, Inc. | Healthcare | 3.57% |
KKR KKR & Co. Inc. | Financial Services | 3.57% |
MAR Marriott International, Inc. | Consumer Cyclical | 3.57% |
META Meta Platforms, Inc. | Communication Services | 3.57% |
NFLX | 3.57% | |
NOW | 3.57% | |
NRG | 3.57% | |
PLTR | 3.57% | |
PWR | 3.57% | |
RCL | 3.57% | |
TSLA | 3.57% | |
VST | 3.57% | |
WMT | 3.57% |
Every 3 months
Performance
Performance Chart
Loading data...
The earliest data available for this chart is Feb 2, 2022, corresponding to the inception date of CEG
Returns By Period
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 0.60% | 9.64% | -0.54% | 11.47% | 15.67% | 10.79% |
| SPY vs. SPY 1M-10Y | 6.63% | 20.95% | 10.81% | 50.47% | N/A | N/A |
| Portfolio components: | ||||||
TSLA | -15.11% | 34.91% | 10.17% | 97.03% | N/A | N/A |
AXON Axon Enterprise, Inc. | 22.56% | 25.93% | 20.48% | 147.79% | 58.26% | 36.60% |
ANET Arista Networks, Inc. | -13.08% | 31.24% | -0.43% | 17.87% | 49.03% | 36.75% |
NFLX | 32.16% | 20.66% | 40.69% | 92.00% | N/A | N/A |
NOW | -2.35% | 26.78% | -0.44% | 36.11% | N/A | N/A |
AMZN Amazon.com, Inc. | -6.48% | 14.24% | -2.98% | 10.31% | 11.27% | 25.51% |
DECK Deckers Outdoor Corporation | -37.50% | 21.85% | -28.23% | -15.72% | 40.31% | 26.55% |
PWR | 7.77% | 24.66% | 5.17% | 25.87% | N/A | N/A |
GDDY GoDaddy Inc. | -3.76% | 8.54% | 2.51% | 39.21% | 20.02% | 21.95% |
ISRG Intuitive Surgical, Inc. | 7.34% | 14.75% | 4.18% | 40.28% | 26.52% | 26.00% |
VST | 10.48% | 31.37% | 10.19% | 58.22% | N/A | N/A |
META Meta Platforms, Inc. | 10.07% | 23.46% | 11.75% | 34.20% | 25.22% | 23.17% |
PLTR | 69.40% | 30.20% | 116.49% | 491.23% | N/A | N/A |
COST Costco Wholesale Corporation | 10.55% | 3.57% | 9.63% | 29.05% | 29.79% | 23.63% |
KKR KKR & Co. Inc. | -14.82% | 20.73% | -16.29% | 17.35% | 39.92% | 21.17% |
BSX Boston Scientific Corporation | 17.40% | 11.28% | 19.72% | 40.85% | 24.75% | 19.28% |
CRM salesforce.com, inc. | -12.90% | 14.05% | -12.09% | 1.71% | 11.35% | 14.97% |
BX The Blackstone Group Inc. | -13.56% | 10.67% | -17.75% | 14.75% | 27.98% | 18.66% |
CEG Constellation Energy Corp | 27.37% | 36.46% | 26.62% | 28.23% | N/A | N/A |
HLT Hilton Worldwide Holdings Inc. | 2.21% | 19.48% | 1.10% | 23.74% | 30.18% | 16.02% |
BKNG Booking Holdings Inc. | 5.64% | 13.56% | 5.76% | 39.26% | 30.89% | 15.88% |
CBRE CBRE Group, Inc. | -0.78% | 9.77% | -1.31% | 41.20% | 29.45% | 12.93% |
GRMN Garmin Ltd. | -1.75% | 5.00% | -3.79% | 20.29% | 23.82% | 19.54% |
MAR Marriott International, Inc. | -2.46% | 21.97% | -3.31% | 16.19% | 28.60% | 13.97% |
NRG | 73.26% | 60.28% | 70.58% | 86.86% | N/A | N/A |
WMT | 7.19% | 2.78% | 14.91% | 62.69% | N/A | N/A |
AXP American Express Company | 1.50% | 16.17% | 4.49% | 25.34% | 31.33% | 15.81% |
RCL | 8.80% | 29.34% | 7.96% | 79.29% | N/A | N/A |
*Annualized
Monthly Returns
The table below presents the monthly returns of SPY vs. SPY 1M-10Y, 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 | 7.69% | -7.24% | -10.17% | 6.01% | 12.11% | 6.63% | |||||||
| 2024 | 2.49% | 12.41% | 4.27% | -3.55% | 7.48% | 3.16% | 1.92% | 5.95% | 7.76% | 4.11% | 16.36% | -1.86% | 77.72% |
| 2023 | 14.38% | 0.02% | 4.68% | 0.30% | 6.76% | 8.18% | 4.26% | 0.29% | -2.64% | -1.73% | 15.43% | 7.17% | 71.68% |
| 2022 | -4.38% | 4.75% | -10.64% | -2.99% | -11.24% | 13.43% | -2.24% | -7.07% | 10.56% | 5.45% | -8.99% | -15.73% |
Expense Ratio
SPY vs. SPY 1M-10Y 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, SPY vs. SPY 1M-10Y 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 components
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
TSLA | 1.34 | 2.07 | 1.25 | 1.68 | 3.83 |
AXON Axon Enterprise, Inc. | 2.70 | 3.54 | 1.54 | 4.85 | 12.63 |
ANET Arista Networks, Inc. | 0.38 | 0.87 | 1.13 | 0.45 | 1.17 |
NFLX | 2.88 | 3.58 | 1.48 | 4.80 | 15.70 |
NOW | 0.84 | 1.60 | 1.22 | 1.13 | 3.12 |
AMZN Amazon.com, Inc. | 0.34 | 0.64 | 1.08 | 0.31 | 0.83 |
DECK Deckers Outdoor Corporation | -0.29 | -0.07 | 0.99 | -0.25 | -0.53 |
PWR | 0.69 | 1.15 | 1.17 | 0.87 | 2.16 |
GDDY GoDaddy Inc. | 1.31 | 1.76 | 1.29 | 1.76 | 4.71 |
ISRG Intuitive Surgical, Inc. | 1.23 | 2.09 | 1.29 | 1.76 | 5.54 |
VST | 0.87 | 1.51 | 1.21 | 1.39 | 3.09 |
META Meta Platforms, Inc. | 1.00 | 1.59 | 1.21 | 1.08 | 3.34 |
PLTR | 6.93 | 5.23 | 1.71 | 12.25 | 37.03 |
COST Costco Wholesale Corporation | 1.29 | 1.92 | 1.26 | 1.77 | 5.12 |
KKR KKR & Co. Inc. | 0.46 | 0.98 | 1.14 | 0.53 | 1.45 |
BSX Boston Scientific Corporation | 1.84 | 2.40 | 1.39 | 2.75 | 11.21 |
CRM salesforce.com, inc. | 0.07 | 0.47 | 1.07 | 0.16 | 0.37 |
BX The Blackstone Group Inc. | 0.47 | 0.96 | 1.12 | 0.50 | 1.26 |
CEG Constellation Energy Corp | 0.47 | 1.12 | 1.15 | 0.62 | 1.50 |
HLT Hilton Worldwide Holdings Inc. | 0.91 | 1.41 | 1.18 | 0.88 | 2.75 |
BKNG Booking Holdings Inc. | 1.42 | 1.90 | 1.26 | 1.88 | 5.11 |
CBRE CBRE Group, Inc. | 1.36 | 2.16 | 1.28 | 2.08 | 6.07 |
GRMN Garmin Ltd. | 0.51 | 1.09 | 1.17 | 0.74 | 2.30 |
MAR Marriott International, Inc. | 0.52 | 0.98 | 1.13 | 0.53 | 1.48 |
NRG | 1.66 | 2.43 | 1.33 | 3.52 | 10.16 |
WMT | 2.19 | 3.38 | 1.47 | 2.86 | 9.42 |
AXP American Express Company | 0.80 | 1.28 | 1.18 | 0.88 | 2.81 |
RCL | 1.74 | 2.35 | 1.34 | 2.26 | 6.65 |
Loading data...
Dividends
Dividend yield
SPY vs. SPY 1M-10Y provided a 0.46% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 0.46% | 0.44% | 0.66% | 0.86% | 0.51% | 0.73% | 0.65% | 0.89% | 0.93% | 1.56% | 1.52% | 0.95% |
| Portfolio components: | ||||||||||||
TSLA | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AXON Axon Enterprise, 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% |
ANET Arista Networks, 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% |
NFLX | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NOW | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AMZN Amazon.com, 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% |
DECK Deckers Outdoor Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PWR | 0.11% | 0.09% | 0.15% | 0.25% | 0.16% | 0.29% | 0.42% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% |
GDDY GoDaddy 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% |
ISRG Intuitive Surgical, 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% |
VST | 0.58% | 0.63% | 2.13% | 3.12% | 2.64% | 2.75% | 2.17% | 0.00% | 0.00% | 14.97% | 0.00% | 0.00% |
META Meta Platforms, Inc. | 0.31% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PLTR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
COST Costco Wholesale Corporation | 0.47% | 0.49% | 2.87% | 0.76% | 0.54% | 3.38% | 0.86% | 1.08% | 4.81% | 1.09% | 4.06% | 0.97% |
KKR KKR & Co. Inc. | 0.57% | 0.47% | 0.78% | 1.31% | 0.77% | 1.31% | 1.71% | 3.23% | 3.18% | 4.16% | 10.13% | 8.75% |
BSX Boston Scientific Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CRM salesforce.com, inc. | 0.56% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BX The Blackstone Group Inc. | 2.76% | 2.00% | 2.54% | 6.66% | 2.76% | 2.95% | 3.43% | 8.12% | 7.25% | 8.44% | 9.76% | 5.57% |
CEG Constellation Energy Corp | 0.65% | 0.63% | 0.97% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HLT Hilton Worldwide Holdings Inc. | 0.24% | 0.24% | 0.33% | 0.36% | 0.00% | 0.13% | 0.54% | 0.84% | 0.75% | 1.03% | 0.65% | 0.00% |
BKNG Booking Holdings Inc. | 0.68% | 0.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CBRE CBRE Group, 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% |
GRMN Garmin Ltd. | 1.49% | 1.44% | 2.27% | 3.10% | 1.92% | 2.01% | 2.30% | 3.32% | 3.42% | 4.21% | 5.41% | 3.58% |
MAR Marriott International, Inc. | 0.93% | 0.86% | 0.87% | 0.67% | 0.00% | 0.36% | 1.22% | 1.44% | 0.95% | 1.39% | 1.42% | 0.99% |
NRG | 1.09% | 1.81% | 2.92% | 4.40% | 3.02% | 3.20% | 0.30% | 0.30% | 0.42% | 1.92% | 4.93% | 2.00% |
WMT | 0.92% | 0.92% | 1.45% | 1.58% | 1.52% | 1.50% | 1.78% | 2.23% | 2.07% | 2.89% | 3.20% | 2.24% |
AXP American Express Company | 0.97% | 0.91% | 1.24% | 1.35% | 1.05% | 1.42% | 1.29% | 1.51% | 1.32% | 1.61% | 1.58% | 1.05% |
RCL | 0.68% | 0.41% | 0.00% | 0.00% | 0.00% | 1.04% | 2.22% | 2.66% | 1.81% | 2.08% | 1.33% | 1.33% |
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.
Loading data...
Worst Drawdowns
The table below displays the maximum drawdowns of the SPY vs. SPY 1M-10Y. 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 SPY vs. SPY 1M-10Y was 27.08%, occurring on Apr 4, 2025. The portfolio has not yet recovered.
The current SPY vs. SPY 1M-10Y drawdown is 3.19%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.08% | Feb 7, 2025 | 40 | Apr 4, 2025 | — | — | — |
| -26.99% | Apr 5, 2022 | 51 | Jun 16, 2022 | 228 | May 15, 2023 | 279 |
| -12.37% | Feb 10, 2022 | 17 | Mar 7, 2022 | 16 | Mar 29, 2022 | 33 |
| -9.23% | Jul 17, 2024 | 14 | Aug 5, 2024 | 8 | Aug 15, 2024 | 22 |
| -9.05% | Sep 12, 2023 | 33 | Oct 26, 2023 | 7 | Nov 6, 2023 | 40 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...
Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 28 assets, with an effective number of assets of 28.00, 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 | WMT | CEG | VST | BSX | NRG | TSLA | COST | DECK | NFLX | PWR | AXON | RCL | GDDY | BKNG | META | CBRE | PLTR | MAR | ANET | GRMN | CRM | HLT | AXP | AMZN | ISRG | NOW | BX | KKR | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | 0.41 | 0.49 | 0.48 | 0.54 | 0.51 | 0.60 | 0.62 | 0.58 | 0.61 | 0.62 | 0.58 | 0.60 | 0.63 | 0.62 | 0.68 | 0.68 | 0.65 | 0.64 | 0.68 | 0.71 | 0.69 | 0.65 | 0.71 | 0.73 | 0.72 | 0.71 | 0.72 | 0.76 | 0.90 |
| WMT | 0.41 | 1.00 | 0.25 | 0.21 | 0.35 | 0.24 | 0.22 | 0.59 | 0.26 | 0.24 | 0.23 | 0.21 | 0.22 | 0.24 | 0.23 | 0.24 | 0.30 | 0.22 | 0.25 | 0.20 | 0.30 | 0.21 | 0.25 | 0.29 | 0.29 | 0.35 | 0.21 | 0.25 | 0.27 | 0.36 |
| CEG | 0.49 | 0.25 | 1.00 | 0.63 | 0.31 | 0.57 | 0.30 | 0.33 | 0.32 | 0.29 | 0.49 | 0.35 | 0.30 | 0.36 | 0.32 | 0.37 | 0.33 | 0.36 | 0.32 | 0.44 | 0.31 | 0.29 | 0.32 | 0.37 | 0.34 | 0.38 | 0.31 | 0.34 | 0.43 | 0.56 |
| VST | 0.48 | 0.21 | 0.63 | 1.00 | 0.35 | 0.69 | 0.28 | 0.31 | 0.35 | 0.30 | 0.49 | 0.36 | 0.34 | 0.36 | 0.31 | 0.34 | 0.35 | 0.32 | 0.33 | 0.43 | 0.33 | 0.32 | 0.37 | 0.39 | 0.32 | 0.36 | 0.32 | 0.38 | 0.46 | 0.58 |
| BSX | 0.54 | 0.35 | 0.31 | 0.35 | 1.00 | 0.37 | 0.25 | 0.42 | 0.30 | 0.36 | 0.36 | 0.38 | 0.35 | 0.41 | 0.40 | 0.39 | 0.41 | 0.28 | 0.40 | 0.34 | 0.42 | 0.41 | 0.41 | 0.42 | 0.34 | 0.63 | 0.42 | 0.38 | 0.43 | 0.52 |
| NRG | 0.51 | 0.24 | 0.57 | 0.69 | 0.37 | 1.00 | 0.25 | 0.32 | 0.34 | 0.28 | 0.50 | 0.34 | 0.34 | 0.37 | 0.33 | 0.33 | 0.43 | 0.33 | 0.33 | 0.44 | 0.40 | 0.34 | 0.36 | 0.42 | 0.33 | 0.41 | 0.36 | 0.43 | 0.48 | 0.58 |
| TSLA | 0.60 | 0.22 | 0.30 | 0.28 | 0.25 | 0.25 | 1.00 | 0.39 | 0.40 | 0.49 | 0.36 | 0.41 | 0.46 | 0.38 | 0.43 | 0.43 | 0.41 | 0.54 | 0.39 | 0.45 | 0.44 | 0.46 | 0.41 | 0.46 | 0.51 | 0.42 | 0.46 | 0.48 | 0.48 | 0.64 |
| COST | 0.62 | 0.59 | 0.33 | 0.31 | 0.42 | 0.32 | 0.39 | 1.00 | 0.40 | 0.41 | 0.37 | 0.36 | 0.37 | 0.42 | 0.37 | 0.43 | 0.40 | 0.39 | 0.38 | 0.43 | 0.45 | 0.42 | 0.38 | 0.42 | 0.47 | 0.54 | 0.44 | 0.42 | 0.44 | 0.58 |
| DECK | 0.58 | 0.26 | 0.32 | 0.35 | 0.30 | 0.34 | 0.40 | 0.40 | 1.00 | 0.38 | 0.49 | 0.48 | 0.49 | 0.43 | 0.47 | 0.45 | 0.45 | 0.45 | 0.46 | 0.50 | 0.50 | 0.47 | 0.47 | 0.45 | 0.49 | 0.43 | 0.49 | 0.48 | 0.52 | 0.66 |
| NFLX | 0.61 | 0.24 | 0.29 | 0.30 | 0.36 | 0.28 | 0.49 | 0.41 | 0.38 | 1.00 | 0.34 | 0.45 | 0.42 | 0.50 | 0.43 | 0.59 | 0.37 | 0.56 | 0.39 | 0.49 | 0.46 | 0.55 | 0.41 | 0.42 | 0.58 | 0.53 | 0.59 | 0.47 | 0.50 | 0.66 |
| PWR | 0.62 | 0.23 | 0.49 | 0.49 | 0.36 | 0.50 | 0.36 | 0.37 | 0.49 | 0.34 | 1.00 | 0.48 | 0.44 | 0.42 | 0.43 | 0.39 | 0.50 | 0.44 | 0.49 | 0.53 | 0.49 | 0.40 | 0.50 | 0.47 | 0.39 | 0.47 | 0.43 | 0.50 | 0.56 | 0.66 |
| AXON | 0.58 | 0.21 | 0.35 | 0.36 | 0.38 | 0.34 | 0.41 | 0.36 | 0.48 | 0.45 | 0.48 | 1.00 | 0.47 | 0.47 | 0.45 | 0.47 | 0.44 | 0.58 | 0.49 | 0.51 | 0.50 | 0.52 | 0.50 | 0.43 | 0.48 | 0.50 | 0.54 | 0.48 | 0.53 | 0.68 |
| RCL | 0.60 | 0.22 | 0.30 | 0.34 | 0.35 | 0.34 | 0.46 | 0.37 | 0.49 | 0.42 | 0.44 | 0.47 | 1.00 | 0.44 | 0.61 | 0.42 | 0.50 | 0.48 | 0.60 | 0.42 | 0.50 | 0.47 | 0.61 | 0.54 | 0.46 | 0.46 | 0.47 | 0.53 | 0.55 | 0.67 |
| GDDY | 0.63 | 0.24 | 0.36 | 0.36 | 0.41 | 0.37 | 0.38 | 0.42 | 0.43 | 0.50 | 0.42 | 0.47 | 0.44 | 1.00 | 0.45 | 0.48 | 0.43 | 0.47 | 0.48 | 0.48 | 0.47 | 0.55 | 0.50 | 0.51 | 0.52 | 0.47 | 0.60 | 0.50 | 0.54 | 0.66 |
| BKNG | 0.62 | 0.23 | 0.32 | 0.31 | 0.40 | 0.33 | 0.43 | 0.37 | 0.47 | 0.43 | 0.43 | 0.45 | 0.61 | 0.45 | 1.00 | 0.46 | 0.49 | 0.47 | 0.65 | 0.45 | 0.44 | 0.48 | 0.66 | 0.52 | 0.48 | 0.48 | 0.48 | 0.53 | 0.56 | 0.67 |
| META | 0.68 | 0.24 | 0.37 | 0.34 | 0.39 | 0.33 | 0.43 | 0.43 | 0.45 | 0.59 | 0.39 | 0.47 | 0.42 | 0.48 | 0.46 | 1.00 | 0.42 | 0.53 | 0.43 | 0.53 | 0.47 | 0.56 | 0.46 | 0.46 | 0.65 | 0.57 | 0.58 | 0.50 | 0.57 | 0.70 |
| CBRE | 0.68 | 0.30 | 0.33 | 0.35 | 0.41 | 0.43 | 0.41 | 0.40 | 0.45 | 0.37 | 0.50 | 0.44 | 0.50 | 0.43 | 0.49 | 0.42 | 1.00 | 0.45 | 0.54 | 0.43 | 0.61 | 0.49 | 0.52 | 0.59 | 0.46 | 0.49 | 0.48 | 0.66 | 0.66 | 0.67 |
| PLTR | 0.65 | 0.22 | 0.36 | 0.32 | 0.28 | 0.33 | 0.54 | 0.39 | 0.45 | 0.56 | 0.44 | 0.58 | 0.48 | 0.47 | 0.47 | 0.53 | 0.45 | 1.00 | 0.44 | 0.54 | 0.49 | 0.56 | 0.46 | 0.48 | 0.58 | 0.52 | 0.63 | 0.54 | 0.56 | 0.74 |
| MAR | 0.64 | 0.25 | 0.32 | 0.33 | 0.40 | 0.33 | 0.39 | 0.38 | 0.46 | 0.39 | 0.49 | 0.49 | 0.60 | 0.48 | 0.65 | 0.43 | 0.54 | 0.44 | 1.00 | 0.47 | 0.50 | 0.46 | 0.90 | 0.61 | 0.47 | 0.45 | 0.49 | 0.55 | 0.58 | 0.69 |
| ANET | 0.68 | 0.20 | 0.44 | 0.43 | 0.34 | 0.44 | 0.45 | 0.43 | 0.50 | 0.49 | 0.53 | 0.51 | 0.42 | 0.48 | 0.45 | 0.53 | 0.43 | 0.54 | 0.47 | 1.00 | 0.46 | 0.57 | 0.46 | 0.47 | 0.58 | 0.53 | 0.63 | 0.50 | 0.58 | 0.74 |
| GRMN | 0.71 | 0.30 | 0.31 | 0.33 | 0.42 | 0.40 | 0.44 | 0.45 | 0.50 | 0.46 | 0.49 | 0.50 | 0.50 | 0.47 | 0.44 | 0.47 | 0.61 | 0.49 | 0.50 | 0.46 | 1.00 | 0.50 | 0.53 | 0.55 | 0.53 | 0.56 | 0.53 | 0.60 | 0.60 | 0.69 |
| CRM | 0.69 | 0.21 | 0.29 | 0.32 | 0.41 | 0.34 | 0.46 | 0.42 | 0.47 | 0.55 | 0.40 | 0.52 | 0.47 | 0.55 | 0.48 | 0.56 | 0.49 | 0.56 | 0.46 | 0.57 | 0.50 | 1.00 | 0.47 | 0.51 | 0.62 | 0.53 | 0.74 | 0.56 | 0.58 | 0.72 |
| HLT | 0.65 | 0.25 | 0.32 | 0.37 | 0.41 | 0.36 | 0.41 | 0.38 | 0.47 | 0.41 | 0.50 | 0.50 | 0.61 | 0.50 | 0.66 | 0.46 | 0.52 | 0.46 | 0.90 | 0.46 | 0.53 | 0.47 | 1.00 | 0.62 | 0.49 | 0.46 | 0.50 | 0.55 | 0.58 | 0.70 |
| AXP | 0.71 | 0.29 | 0.37 | 0.39 | 0.42 | 0.42 | 0.46 | 0.42 | 0.45 | 0.42 | 0.47 | 0.43 | 0.54 | 0.51 | 0.52 | 0.46 | 0.59 | 0.48 | 0.61 | 0.47 | 0.55 | 0.51 | 0.62 | 1.00 | 0.50 | 0.46 | 0.50 | 0.64 | 0.67 | 0.71 |
| AMZN | 0.73 | 0.29 | 0.34 | 0.32 | 0.34 | 0.33 | 0.51 | 0.47 | 0.49 | 0.58 | 0.39 | 0.48 | 0.46 | 0.52 | 0.48 | 0.65 | 0.46 | 0.58 | 0.47 | 0.58 | 0.53 | 0.62 | 0.49 | 0.50 | 1.00 | 0.56 | 0.67 | 0.54 | 0.56 | 0.73 |
| ISRG | 0.72 | 0.35 | 0.38 | 0.36 | 0.63 | 0.41 | 0.42 | 0.54 | 0.43 | 0.53 | 0.47 | 0.50 | 0.46 | 0.47 | 0.48 | 0.57 | 0.49 | 0.52 | 0.45 | 0.53 | 0.56 | 0.53 | 0.46 | 0.46 | 0.56 | 1.00 | 0.60 | 0.53 | 0.60 | 0.71 |
| NOW | 0.71 | 0.21 | 0.31 | 0.32 | 0.42 | 0.36 | 0.46 | 0.44 | 0.49 | 0.59 | 0.43 | 0.54 | 0.47 | 0.60 | 0.48 | 0.58 | 0.48 | 0.63 | 0.49 | 0.63 | 0.53 | 0.74 | 0.50 | 0.50 | 0.67 | 0.60 | 1.00 | 0.57 | 0.61 | 0.76 |
| BX | 0.72 | 0.25 | 0.34 | 0.38 | 0.38 | 0.43 | 0.48 | 0.42 | 0.48 | 0.47 | 0.50 | 0.48 | 0.53 | 0.50 | 0.53 | 0.50 | 0.66 | 0.54 | 0.55 | 0.50 | 0.60 | 0.56 | 0.55 | 0.64 | 0.54 | 0.53 | 0.57 | 1.00 | 0.79 | 0.75 |
| KKR | 0.76 | 0.27 | 0.43 | 0.46 | 0.43 | 0.48 | 0.48 | 0.44 | 0.52 | 0.50 | 0.56 | 0.53 | 0.55 | 0.54 | 0.56 | 0.57 | 0.66 | 0.56 | 0.58 | 0.58 | 0.60 | 0.58 | 0.58 | 0.67 | 0.56 | 0.60 | 0.61 | 0.79 | 1.00 | 0.81 |
| Portfolio | 0.90 | 0.36 | 0.56 | 0.58 | 0.52 | 0.58 | 0.64 | 0.58 | 0.66 | 0.66 | 0.66 | 0.68 | 0.67 | 0.66 | 0.67 | 0.70 | 0.67 | 0.74 | 0.69 | 0.74 | 0.69 | 0.72 | 0.70 | 0.71 | 0.73 | 0.71 | 0.76 | 0.75 | 0.81 | 1.00 |
The correlation results are calculated based on daily price changes starting from Feb 3, 2022