High Dividend
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification
High Dividend
Last updated Oct 30, 2024
Asset Allocation
Quarterly
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in High Dividend, 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
High Dividend
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
As of Oct 30, 2024, the High Dividend returned 10.65% Year-To-Date and 9.95% of annualized return in the last 10 years.
| Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 22.29% | 1.65% | 15.83% | 39.98% | 13.99% | 11.23% |
| High Dividend | 10.65% | -3.59% | 2.50% | 22.57% | 15.47% | 9.95% |
| Portfolio components: | ||||||
IEP Icahn Enterprises L.P. | -12.04% | -2.59% | -18.63% | -5.10% | -15.19% | -7.50% |
OHI Omega Healthcare Investors, Inc. | 45.39% | 3.84% | 40.17% | 36.57% | 7.32% | 9.04% |
HSBC HSBC Holdings plc | 22.02% | 1.80% | 9.02% | 39.18% | 8.74% | 4.36% |
ING ING Groep N.V. | 21.32% | -7.63% | 9.72% | 41.59% | 14.72% | 7.16% |
BCH Banco de Chile | 10.78% | -7.25% | 7.20% | 27.96% | 5.08% | 6.10% |
PAA Plains All American Pipeline, L.P. | 16.78% | -4.23% | -1.10% | 18.66% | 6.65% | -4.44% |
BBVA Banco Bilbao Vizcaya Argentaria, S.A. | 14.48% | -9.12% | -6.07% | 31.85% | 20.20% | 4.14% |
STLA | -38.88% | -16.94% | -40.18% | -20.82% | 5.22% | 11.79% |
UMC | -7.52% | -15.12% | 1.60% | 10.66% | 34.09% | 18.57% |
SAN | 19.77% | -5.45% | 1.25% | 35.69% | 8.77% | -1.08% |
BEP Brookfield Renewable Partners L.P. | 3.40% | -8.02% | 27.32% | 26.59% | 7.55% | 10.83% |
LYB LyondellBasell Industries N.V. | -4.58% | -9.59% | -10.38% | 1.47% | 5.57% | 6.62% |
FANG Diamondback Energy, Inc. | 17.72% | 2.94% | -10.74% | 17.72% | 20.59% | 12.41% |
RF Regions Financial Corporation | 27.74% | 3.65% | 26.81% | 76.57% | 12.75% | 12.91% |
BP BP p.l.c. | -13.82% | -6.56% | -22.27% | -19.44% | 0.26% | 1.98% |
EOG EOG Resources, Inc. | 2.52% | -0.88% | -7.51% | 0.11% | 16.89% | 5.17% |
PRU Prudential Financial, Inc. | 24.97% | 3.69% | 15.92% | 44.82% | 12.14% | 8.02% |
CNQ Canadian Natural Resources Limited | 8.65% | 3.61% | -7.10% | 12.95% | 29.34% | 12.06% |
SHEL | 2.21% | -1.26% | -7.17% | 2.79% | 6.79% | 4.02% |
SNY | 8.24% | -6.63% | 9.34% | 20.00% | 6.33% | 5.13% |
K Kellogg Company | 47.98% | -0.26% | 41.56% | 66.61% | 11.43% | 5.48% |
ASX ASE Technology Holding Co., Ltd. | 11.23% | -0.20% | 4.25% | 42.22% | 20.58% | 13.65% |
IPG The Interpublic Group of Companies, Inc. | -5.05% | -5.03% | 0.76% | 11.98% | 11.04% | 8.26% |
MFG Mizuho Financial Group, Inc. | 24.85% | 5.24% | 9.04% | 24.12% | 10.75% | 5.54% |
GIS General Mills, Inc. | 8.10% | -7.88% | -1.81% | 8.61% | 9.49% | 6.27% |
Monthly Returns
The table below presents the monthly returns of High Dividend, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.47% | 3.44% | 7.58% | -1.54% | 4.18% | -2.34% | 3.01% | 2.17% | -1.40% | 10.65% | |||
| 2023 | 9.31% | -0.15% | -1.06% | 2.06% | -5.73% | 6.64% | 6.12% | -4.25% | -1.44% | -2.97% | 7.00% | 3.29% | 18.97% |
| 2022 | 7.56% | -0.31% | 1.41% | -5.24% | 8.13% | -11.24% | 4.79% | -0.86% | -8.10% | 11.63% | 8.47% | -2.84% | 11.08% |
| 2021 | 1.82% | 11.44% | 3.56% | 3.36% | 5.31% | -1.36% | -2.09% | 1.35% | 1.06% | 4.11% | -5.70% | 3.39% | 28.43% |
| 2020 | -6.95% | -8.18% | -24.62% | 15.62% | 3.01% | 1.31% | 1.68% | 0.91% | -4.07% | 1.26% | 25.49% | 6.24% | 3.27% |
| 2019 | 11.20% | 0.92% | -0.32% | 4.82% | -8.40% | 6.74% | -0.90% | -4.36% | 4.28% | 1.23% | 0.30% | 5.30% | 21.14% |
| 2018 | 5.91% | -6.10% | 0.34% | 3.07% | -1.18% | 0.16% | 2.68% | -1.84% | -0.55% | -8.67% | 1.06% | -8.83% | -14.14% |
| 2017 | 2.87% | 0.19% | 2.23% | -0.09% | 0.13% | 2.03% | 3.40% | -1.29% | 4.92% | 0.69% | 0.47% | 3.27% | 20.32% |
| 2016 | -5.82% | -1.47% | 7.45% | 4.09% | -0.77% | -0.40% | 2.54% | 3.96% | -0.07% | 1.76% | 4.26% | 2.53% | 18.87% |
| 2015 | -1.40% | 5.83% | 0.48% | 3.17% | -1.09% | -2.97% | -1.27% | -6.74% | -4.55% | 8.66% | -1.92% | -4.96% | -7.59% |
| 2014 | -2.30% | 6.46% | 2.21% | 2.55% | 2.69% | 2.57% | -2.99% | 3.07% | -4.42% | -0.55% | -1.90% | -1.50% | 5.44% |
| 2013 | 7.94% | -0.22% | 0.80% | 5.43% | 3.37% | -1.39% | 5.84% | -2.49% | 6.11% | 5.27% | 1.26% | 1.08% | 37.69% |
Expense Ratio
High Dividend has an expense ratio of 0.00%, indicating no management fees are charged. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.
The portfolio doesn't hold funds that charge fees
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of High Dividend is 19, indicating that it is in the bottom 19% of portfolios on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Combined Rank
Sharpe Ratio Rank
Sortino Ratio Rank
Omega Ratio Rank
Calmar Ratio Rank
Martin Ratio Rank
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 | |
|---|---|---|---|---|---|
IEP Icahn Enterprises L.P. | -0.15 | 0.10 | 1.02 | -0.09 | -0.42 |
OHI Omega Healthcare Investors, Inc. | 1.97 | 2.72 | 1.37 | 2.46 | 6.43 |
HSBC HSBC Holdings plc | 1.69 | 2.04 | 1.31 | 2.20 | 10.01 |
ING ING Groep N.V. | 1.94 | 2.56 | 1.35 | 2.92 | 8.13 |
BCH Banco de Chile | 1.42 | 2.01 | 1.25 | 1.50 | 7.38 |
PAA Plains All American Pipeline, L.P. | 0.98 | 1.43 | 1.17 | 0.37 | 3.63 |
BBVA Banco Bilbao Vizcaya Argentaria, S.A. | 1.18 | 1.58 | 1.22 | 1.81 | 3.87 |
STLA | -0.63 | -0.67 | 0.91 | -0.40 | -0.80 |
UMC | 0.34 | 0.75 | 1.09 | 0.30 | 1.52 |
SAN | 1.60 | 2.05 | 1.28 | 0.92 | 6.57 |
BEP Brookfield Renewable Partners L.P. | 0.75 | 1.44 | 1.16 | 0.53 | 2.67 |
LYB LyondellBasell Industries N.V. | 0.09 | 0.27 | 1.03 | 0.11 | 0.27 |
FANG Diamondback Energy, Inc. | 0.61 | 1.01 | 1.13 | 0.86 | 2.47 |
RF Regions Financial Corporation | 2.89 | 3.85 | 1.48 | 1.98 | 15.23 |
BP BP p.l.c. | -0.94 | -1.20 | 0.85 | -0.83 | -2.04 |
EOG EOG Resources, Inc. | -0.01 | 0.13 | 1.02 | -0.02 | -0.04 |
PRU Prudential Financial, Inc. | 2.27 | 2.68 | 1.42 | 2.52 | 10.96 |
CNQ Canadian Natural Resources Limited | 0.48 | 0.84 | 1.10 | 0.65 | 1.37 |
SHEL | 0.13 | 0.30 | 1.04 | 0.22 | 0.49 |
SNY | 1.17 | 1.85 | 1.21 | 1.32 | 3.97 |
K Kellogg Company | 2.53 | 5.13 | 1.62 | 2.66 | 17.45 |
ASX ASE Technology Holding Co., Ltd. | 1.15 | 1.66 | 1.21 | 1.28 | 3.20 |
IPG The Interpublic Group of Companies, Inc. | 0.65 | 1.03 | 1.13 | 0.44 | 2.52 |
MFG Mizuho Financial Group, Inc. | 0.84 | 1.28 | 1.17 | 1.34 | 3.66 |
GIS General Mills, Inc. | 0.42 | 0.71 | 1.09 | 0.26 | 1.63 |
High Dividend
Benchmark (^GSPC)
Portfolio components
Dividends
Dividend yield
High Dividend provided a 6.25% dividend yield over the last twelve months.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High Dividend | 6.25% | 6.72% | 6.14% | 4.94% | 4.57% | 5.80% | 5.30% | 3.98% | 4.33% | 4.65% | 3.69% | 3.34% |
| Portfolio components: | ||||||||||||
IEP Icahn Enterprises L.P. | 31.32% | 34.90% | 15.79% | 16.13% | 15.79% | 13.01% | 12.26% | 11.32% | 10.01% | 9.79% | 6.52% | 4.11% |
OHI Omega Healthcare Investors, Inc. | 4.80% | 8.74% | 9.59% | 9.06% | 7.38% | 6.26% | 7.51% | 9.22% | 7.55% | 6.23% | 5.17% | 6.24% |
HSBC HSBC Holdings plc | 6.57% | 6.54% | 4.33% | 3.62% | 0.00% | 6.52% | 6.20% | 4.94% | 6.35% | 6.33% | 5.19% | 4.35% |
ING ING Groep N.V. | 7.06% | 5.86% | 7.12% | 5.05% | 0.00% | 6.28% | 7.64% | 3.98% | 5.17% | 2.86% | 0.00% | 0.00% |
BCH Banco de Chile | 7.15% | 9.01% | 6.39% | 3.86% | 4.10% | 5.03% | 3.63% | 2.86% | 4.35% | 5.78% | 5.58% | 5.49% |
PAA Plains All American Pipeline, L.P. | 5.69% | 7.06% | 7.08% | 7.71% | 13.11% | 7.50% | 5.99% | 9.45% | 8.21% | 11.93% | 4.97% | 4.49% |
BBVA Banco Bilbao Vizcaya Argentaria, S.A. | 7.53% | 5.58% | 6.28% | 2.79% | 3.53% | 5.20% | 5.67% | 3.92% | 6.02% | 4.29% | 5.71% | 4.43% |
STLA | 12.37% | 6.34% | 7.90% | 14.55% | 0.00% | 14.86% | 0.00% | 0.00% | 0.09% | 0.00% | 0.00% | 0.00% |
UMC | 6.15% | 6.93% | 7.92% | 2.45% | 1.62% | 3.50% | 6.49% | 3.44% | 5.15% | 4.50% | 3.66% | 3.21% |
SAN | 3.85% | 3.65% | 3.78% | 2.59% | 3.93% | 6.23% | 5.83% | 5.27% | 4.30% | 9.54% | 9.77% | 8.90% |
BEP Brookfield Renewable Partners L.P. | 5.39% | 5.14% | 5.05% | 3.39% | 2.68% | 6.08% | 7.57% | 5.36% | 7.87% | 8.33% | 6.95% | 10.75% |
LYB LyondellBasell Industries N.V. | 5.94% | 5.20% | 11.92% | 4.81% | 4.58% | 20.27% | 4.81% | 3.22% | 3.88% | 3.50% | 3.40% | 2.49% |
FANG Diamondback Energy, Inc. | 6.13% | 5.15% | 6.55% | 1.62% | 3.10% | 0.74% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RF Regions Financial Corporation | 4.06% | 4.54% | 3.43% | 2.98% | 3.85% | 3.44% | 3.44% | 1.82% | 1.78% | 2.40% | 1.70% | 1.01% |
BP BP p.l.c. | 6.09% | 4.71% | 3.94% | 4.83% | 9.21% | 6.52% | 6.41% | 5.71% | 6.42% | 7.67% | 6.14% | 4.50% |
EOG EOG Resources, Inc. | 4.27% | 4.80% | 6.79% | 4.07% | 2.83% | 1.21% | 0.87% | 0.62% | 0.66% | 0.95% | 0.56% | 0.44% |
PRU Prudential Financial, Inc. | 4.11% | 4.82% | 4.83% | 4.25% | 5.64% | 4.27% | 4.41% | 2.61% | 2.69% | 3.00% | 2.40% | 1.88% |
CNQ Canadian Natural Resources Limited | 4.43% | 4.17% | 6.29% | 3.69% | 5.14% | 3.42% | 5.90% | 2.34% | 2.19% | 3.20% | 2.58% | 1.60% |
SHEL | 4.18% | 3.76% | 3.48% | 3.78% | 5.44% | 6.14% | 5.48% | 4.79% | 5.88% | 6.98% | 4.72% | 4.25% |
SNY | 3.78% | 3.82% | 4.22% | 3.80% | 3.61% | 3.46% | 4.29% | 3.67% | 4.03% | 3.77% | 4.19% | 3.47% |
K Kellogg Company | 2.79% | 10.20% | 2.89% | 3.16% | 3.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ASX ASE Technology Holding Co., Ltd. | 3.11% | 5.98% | 7.64% | 3.85% | 2.33% | 2.87% | 14.14% | 4.46% | 6.23% | 7.12% | 4.42% | 4.58% |
IPG The Interpublic Group of Companies, Inc. | 4.33% | 3.80% | 3.48% | 2.88% | 4.34% | 4.07% | 4.07% | 3.57% | 2.56% | 2.06% | 1.83% | 1.69% |
MFG Mizuho Financial Group, Inc. | 1.67% | 3.73% | 4.34% | 5.45% | 5.52% | 4.47% | 4.50% | 3.69% | 3.77% | 3.10% | 3.71% | 2.75% |
GIS General Mills, Inc. | 3.50% | 3.47% | 2.50% | 3.03% | 3.37% | 3.66% | 5.03% | 3.27% | 3.01% | 3.00% | 3.02% | 2.85% |
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.
High Dividend
Benchmark (^GSPC)
Portfolio components
Worst Drawdowns
The table below displays the maximum drawdowns of the High Dividend. 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 High Dividend was 47.50%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.
The current High Dividend drawdown is 4.27%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -47.5% | Jan 29, 2018 | 541 | Mar 23, 2020 | 179 | Dec 4, 2020 | 720 |
| -28.47% | Jul 7, 2014 | 406 | Feb 11, 2016 | 208 | Dec 7, 2016 | 614 |
| -17.04% | Jun 8, 2022 | 76 | Sep 26, 2022 | 46 | Nov 30, 2022 | 122 |
| -10.56% | Jun 16, 2021 | 23 | Jul 19, 2021 | 62 | Oct 14, 2021 | 85 |
| -9.93% | Mar 6, 2023 | 10 | Mar 17, 2023 | 19 | Apr 14, 2023 | 29 |
Volatility
Volatility Chart
The current High Dividend volatility is 3.28%, 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.
High Dividend
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.
| GIS | K | OHI | BEP | UMC | IEP | SNY | ASX | BCH | MFG | STLA | PAA | FANG | IPG | EOG | CNQ | RF | HSBC | LYB | BP | BBVA | SHEL | SAN | ING | PRU | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GIS | 1.00 | 0.70 | 0.23 | 0.12 | 0.03 | 0.11 | 0.25 | 0.05 | 0.13 | 0.13 | 0.10 | 0.11 | 0.08 | 0.23 | 0.11 | 0.08 | 0.13 | 0.15 | 0.17 | 0.13 | 0.15 | 0.14 | 0.16 | 0.17 | 0.20 |
| K | 0.70 | 1.00 | 0.24 | 0.12 | 0.03 | 0.12 | 0.24 | 0.06 | 0.15 | 0.13 | 0.12 | 0.12 | 0.09 | 0.26 | 0.14 | 0.12 | 0.14 | 0.16 | 0.18 | 0.14 | 0.16 | 0.16 | 0.15 | 0.16 | 0.20 |
| OHI | 0.23 | 0.24 | 1.00 | 0.22 | 0.14 | 0.17 | 0.18 | 0.16 | 0.15 | 0.17 | 0.17 | 0.22 | 0.13 | 0.28 | 0.14 | 0.15 | 0.20 | 0.18 | 0.18 | 0.16 | 0.19 | 0.16 | 0.19 | 0.21 | 0.22 |
| BEP | 0.12 | 0.12 | 0.22 | 1.00 | 0.20 | 0.18 | 0.19 | 0.23 | 0.19 | 0.16 | 0.19 | 0.22 | 0.17 | 0.22 | 0.16 | 0.24 | 0.18 | 0.19 | 0.21 | 0.21 | 0.18 | 0.21 | 0.19 | 0.18 | 0.19 |
| UMC | 0.03 | 0.03 | 0.14 | 0.20 | 1.00 | 0.17 | 0.18 | 0.54 | 0.24 | 0.23 | 0.31 | 0.22 | 0.20 | 0.27 | 0.18 | 0.23 | 0.27 | 0.31 | 0.26 | 0.22 | 0.28 | 0.23 | 0.27 | 0.30 | 0.26 |
| IEP | 0.11 | 0.12 | 0.17 | 0.18 | 0.17 | 1.00 | 0.18 | 0.18 | 0.17 | 0.22 | 0.26 | 0.28 | 0.27 | 0.28 | 0.27 | 0.28 | 0.31 | 0.28 | 0.31 | 0.28 | 0.27 | 0.28 | 0.27 | 0.30 | 0.32 |
| SNY | 0.25 | 0.24 | 0.18 | 0.19 | 0.18 | 0.18 | 1.00 | 0.19 | 0.22 | 0.24 | 0.28 | 0.17 | 0.14 | 0.27 | 0.18 | 0.21 | 0.21 | 0.33 | 0.24 | 0.28 | 0.34 | 0.31 | 0.36 | 0.36 | 0.29 |
| ASX | 0.05 | 0.06 | 0.16 | 0.23 | 0.54 | 0.18 | 0.19 | 1.00 | 0.28 | 0.28 | 0.32 | 0.22 | 0.23 | 0.29 | 0.22 | 0.26 | 0.29 | 0.35 | 0.28 | 0.27 | 0.31 | 0.27 | 0.32 | 0.33 | 0.31 |
| BCH | 0.13 | 0.15 | 0.15 | 0.19 | 0.24 | 0.17 | 0.22 | 0.28 | 1.00 | 0.26 | 0.26 | 0.26 | 0.25 | 0.27 | 0.27 | 0.32 | 0.28 | 0.35 | 0.34 | 0.34 | 0.35 | 0.35 | 0.36 | 0.36 | 0.33 |
| MFG | 0.13 | 0.13 | 0.17 | 0.16 | 0.23 | 0.22 | 0.24 | 0.28 | 0.26 | 1.00 | 0.30 | 0.25 | 0.25 | 0.31 | 0.27 | 0.28 | 0.38 | 0.42 | 0.30 | 0.31 | 0.39 | 0.32 | 0.40 | 0.41 | 0.39 |
| STLA | 0.10 | 0.12 | 0.17 | 0.19 | 0.31 | 0.26 | 0.28 | 0.32 | 0.26 | 0.30 | 1.00 | 0.28 | 0.27 | 0.40 | 0.27 | 0.31 | 0.40 | 0.42 | 0.40 | 0.34 | 0.51 | 0.36 | 0.50 | 0.50 | 0.44 |
| PAA | 0.11 | 0.12 | 0.22 | 0.22 | 0.22 | 0.28 | 0.17 | 0.22 | 0.26 | 0.25 | 0.28 | 1.00 | 0.49 | 0.32 | 0.53 | 0.51 | 0.37 | 0.32 | 0.45 | 0.52 | 0.34 | 0.51 | 0.35 | 0.34 | 0.39 |
| FANG | 0.08 | 0.09 | 0.13 | 0.17 | 0.20 | 0.27 | 0.14 | 0.23 | 0.25 | 0.25 | 0.27 | 0.49 | 1.00 | 0.32 | 0.75 | 0.63 | 0.40 | 0.33 | 0.48 | 0.60 | 0.32 | 0.58 | 0.34 | 0.35 | 0.42 |
| IPG | 0.23 | 0.26 | 0.28 | 0.22 | 0.27 | 0.28 | 0.27 | 0.29 | 0.27 | 0.31 | 0.40 | 0.32 | 0.32 | 1.00 | 0.34 | 0.32 | 0.51 | 0.40 | 0.47 | 0.36 | 0.42 | 0.35 | 0.44 | 0.45 | 0.54 |
| EOG | 0.11 | 0.14 | 0.14 | 0.16 | 0.18 | 0.27 | 0.18 | 0.22 | 0.27 | 0.27 | 0.27 | 0.53 | 0.75 | 0.34 | 1.00 | 0.68 | 0.41 | 0.37 | 0.51 | 0.66 | 0.36 | 0.63 | 0.38 | 0.38 | 0.45 |
| CNQ | 0.08 | 0.12 | 0.15 | 0.24 | 0.23 | 0.28 | 0.21 | 0.26 | 0.32 | 0.28 | 0.31 | 0.51 | 0.63 | 0.32 | 0.68 | 1.00 | 0.40 | 0.39 | 0.52 | 0.67 | 0.39 | 0.66 | 0.42 | 0.42 | 0.43 |
| RF | 0.13 | 0.14 | 0.20 | 0.18 | 0.27 | 0.31 | 0.21 | 0.29 | 0.28 | 0.38 | 0.40 | 0.37 | 0.40 | 0.51 | 0.41 | 0.40 | 1.00 | 0.52 | 0.53 | 0.40 | 0.52 | 0.39 | 0.54 | 0.57 | 0.75 |
| HSBC | 0.15 | 0.16 | 0.18 | 0.19 | 0.31 | 0.28 | 0.33 | 0.35 | 0.35 | 0.42 | 0.42 | 0.32 | 0.33 | 0.40 | 0.37 | 0.39 | 0.52 | 1.00 | 0.47 | 0.48 | 0.59 | 0.48 | 0.62 | 0.62 | 0.57 |
| LYB | 0.17 | 0.18 | 0.18 | 0.21 | 0.26 | 0.31 | 0.24 | 0.28 | 0.34 | 0.30 | 0.40 | 0.45 | 0.48 | 0.47 | 0.51 | 0.52 | 0.53 | 0.47 | 1.00 | 0.52 | 0.46 | 0.52 | 0.48 | 0.49 | 0.58 |
| BP | 0.13 | 0.14 | 0.16 | 0.21 | 0.22 | 0.28 | 0.28 | 0.27 | 0.34 | 0.31 | 0.34 | 0.52 | 0.60 | 0.36 | 0.66 | 0.67 | 0.40 | 0.48 | 0.52 | 1.00 | 0.45 | 0.84 | 0.48 | 0.47 | 0.46 |
| BBVA | 0.15 | 0.16 | 0.19 | 0.18 | 0.28 | 0.27 | 0.34 | 0.31 | 0.35 | 0.39 | 0.51 | 0.34 | 0.32 | 0.42 | 0.36 | 0.39 | 0.52 | 0.59 | 0.46 | 0.45 | 1.00 | 0.46 | 0.85 | 0.74 | 0.57 |
| SHEL | 0.14 | 0.16 | 0.16 | 0.21 | 0.23 | 0.28 | 0.31 | 0.27 | 0.35 | 0.32 | 0.36 | 0.51 | 0.58 | 0.35 | 0.63 | 0.66 | 0.39 | 0.48 | 0.52 | 0.84 | 0.46 | 1.00 | 0.50 | 0.48 | 0.44 |
| SAN | 0.16 | 0.15 | 0.19 | 0.19 | 0.27 | 0.27 | 0.36 | 0.32 | 0.36 | 0.40 | 0.50 | 0.35 | 0.34 | 0.44 | 0.38 | 0.42 | 0.54 | 0.62 | 0.48 | 0.48 | 0.85 | 0.50 | 1.00 | 0.75 | 0.58 |
| ING | 0.17 | 0.16 | 0.21 | 0.18 | 0.30 | 0.30 | 0.36 | 0.33 | 0.36 | 0.41 | 0.50 | 0.34 | 0.35 | 0.45 | 0.38 | 0.42 | 0.57 | 0.62 | 0.49 | 0.47 | 0.74 | 0.48 | 0.75 | 1.00 | 0.62 |
| PRU | 0.20 | 0.20 | 0.22 | 0.19 | 0.26 | 0.32 | 0.29 | 0.31 | 0.33 | 0.39 | 0.44 | 0.39 | 0.42 | 0.54 | 0.45 | 0.43 | 0.75 | 0.57 | 0.58 | 0.46 | 0.57 | 0.44 | 0.58 | 0.62 | 1.00 |
The correlation results are calculated based on daily price changes starting from Oct 15, 2012