High Dividend
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification
High Dividend
Currency in USD · Last updated May 23, 2025
Asset Allocation
Every 3 months
Performance
Performance Chart
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The earliest data available for this chart is Jan 20, 2021, corresponding to the inception date of STLA
Returns By Period
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -0.67% | 10.48% | -1.79% | 10.08% | 14.60% | 10.64% |
| High Dividend | 7.96% | 5.75% | 3.25% | 2.08% | N/A | N/A |
| Portfolio components: | ||||||
IEP Icahn Enterprises L.P. | 8.39% | 1.92% | -14.72% | -37.07% | -16.21% | -9.09% |
OHI Omega Healthcare Investors, Inc. | -1.39% | -4.50% | -7.02% | 20.98% | 13.02% | 8.26% |
HSBC HSBC Holdings plc | 24.96% | 10.98% | 33.43% | 42.96% | 27.43% | 7.76% |
ING ING Groep N.V. | 43.77% | 16.51% | 44.04% | 29.52% | 39.42% | 8.67% |
BCH Banco de Chile | 47.38% | 5.50% | 42.78% | 37.67% | 21.56% | 9.74% |
PAA Plains All American Pipeline, L.P. | 1.31% | -4.28% | -2.90% | 4.20% | 20.41% | -2.58% |
BBVA Banco Bilbao Vizcaya Argentaria, S.A. | 64.58% | 11.68% | 65.09% | 52.28% | 48.34% | 10.12% |
STLA Stellantis N.V. | -14.24% | 17.81% | -12.91% | -49.36% | N/A | N/A |
UMC United Microelectronics Corporation | 24.35% | 18.68% | 19.20% | -1.50% | 33.98% | 19.22% |
SAN Banco Santander, S.A. | 76.88% | 16.22% | 70.16% | 60.92% | 36.23% | 5.12% |
BEP Brookfield Renewable Partners L.P. | 2.02% | 4.00% | -7.69% | -14.78% | 1.95% | 9.58% |
LYB LyondellBasell Industries N.V. | -22.82% | -3.11% | -29.64% | -39.23% | 4.83% | 1.05% |
FANG Diamondback Energy, Inc. | -15.64% | 0.51% | -24.35% | -26.92% | 31.58% | 7.88% |
RF Regions Financial Corporation | -8.17% | 8.04% | -18.48% | 14.55% | 21.37% | 11.43% |
BP BP p.l.c. | 0.89% | 1.87% | 1.02% | -15.91% | 10.20% | 2.06% |
EOG EOG Resources, Inc. | -8.14% | -0.48% | -16.90% | -9.40% | 21.64% | 4.95% |
PRU Prudential Financial, Inc. | -11.51% | 3.40% | -16.93% | -10.32% | 18.40% | 6.40% |
CNQ Canadian Natural Resources Limited | 1.19% | 5.12% | -8.46% | -14.16% | 34.49% | 12.13% |
SHEL Shell plc | 7.54% | 2.28% | 1.67% | -2.49% | 20.01% | 5.74% |
SNY Sanofi | 13.70% | 5.76% | 14.29% | 8.89% | 6.26% | 4.43% |
K Kellogg Company | 2.07% | -0.63% | 2.73% | 37.27% | 10.90% | 6.74% |
ASX ASE Technology Holding Co., Ltd. | -1.89% | 21.08% | 0.71% | -7.05% | 25.43% | 11.96% |
IPG The Interpublic Group of Companies, Inc. | -13.09% | 0.67% | -15.55% | -21.19% | 12.26% | 5.20% |
MFG Mizuho Financial Group, Inc. | 10.02% | 10.47% | 7.17% | 37.13% | 24.21% | 7.01% |
GIS General Mills, Inc. | -14.61% | -8.13% | -15.07% | -21.19% | 0.96% | 2.89% |
*Annualized
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.35% | 3.57% | 0.79% | -4.85% | 4.15% | 7.96% | |||||||
| 2024 | -1.47% | 3.44% | 7.58% | -1.54% | 4.34% | -2.34% | 3.01% | 2.17% | -1.30% | -3.46% | 1.26% | -4.77% | 6.38% |
| 2023 | 9.31% | -0.15% | -1.06% | 2.05% | -5.73% | 6.64% | 6.12% | -4.25% | -1.44% | -3.23% | 7.01% | 3.28% | 18.66% |
| 2022 | 7.56% | -0.31% | 1.41% | -5.23% | 8.13% | -11.24% | 4.79% | -0.86% | -8.10% | 11.63% | 8.47% | -2.84% | 11.08% |
| 2021 | -6.48% | 11.24% | 3.66% | 3.36% | 5.31% | -1.36% | -2.09% | 1.36% | 1.06% | 4.11% | -5.70% | 3.39% | 17.86% |
Expense Ratio
High Dividend 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 High Dividend is 8, meaning it’s performing worse than 92% of other 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 | |
|---|---|---|---|---|---|
IEP Icahn Enterprises L.P. | -0.82 | -1.07 | 0.86 | -0.48 | -1.24 |
OHI Omega Healthcare Investors, Inc. | 1.00 | 1.69 | 1.21 | 1.86 | 3.79 |
HSBC HSBC Holdings plc | 1.75 | 2.15 | 1.33 | 1.97 | 9.23 |
ING ING Groep N.V. | 1.07 | 1.58 | 1.21 | 1.46 | 3.20 |
BCH Banco de Chile | 1.73 | 2.37 | 1.29 | 2.71 | 6.41 |
PAA Plains All American Pipeline, L.P. | 0.15 | 0.32 | 1.04 | 0.12 | 0.34 |
BBVA Banco Bilbao Vizcaya Argentaria, S.A. | 1.61 | 2.13 | 1.29 | 2.70 | 7.62 |
STLA Stellantis N.V. | -1.08 | -1.69 | 0.79 | -0.72 | -1.30 |
UMC United Microelectronics Corporation | -0.04 | 0.34 | 1.04 | 0.03 | 0.07 |
SAN Banco Santander, S.A. | 1.82 | 2.24 | 1.32 | 2.94 | 7.94 |
BEP Brookfield Renewable Partners L.P. | -0.42 | -0.31 | 0.96 | -0.25 | -0.81 |
LYB LyondellBasell Industries N.V. | -1.26 | -1.94 | 0.75 | -0.86 | -1.99 |
FANG Diamondback Energy, Inc. | -0.69 | -0.87 | 0.88 | -0.69 | -1.48 |
RF Regions Financial Corporation | 0.47 | 0.78 | 1.10 | 0.38 | 1.00 |
BP BP p.l.c. | -0.56 | -0.67 | 0.91 | -0.57 | -1.24 |
EOG EOG Resources, Inc. | -0.33 | -0.39 | 0.95 | -0.51 | -1.35 |
PRU Prudential Financial, Inc. | -0.36 | -0.23 | 0.97 | -0.35 | -0.85 |
CNQ Canadian Natural Resources Limited | -0.45 | -0.53 | 0.93 | -0.45 | -1.10 |
SHEL Shell plc | -0.11 | -0.08 | 0.99 | -0.22 | -0.50 |
SNY Sanofi | 0.37 | 0.96 | 1.11 | 0.61 | 1.37 |
K Kellogg Company | 1.79 | 5.44 | 1.89 | 2.16 | 13.55 |
ASX ASE Technology Holding Co., Ltd. | -0.17 | 0.08 | 1.01 | -0.15 | -0.30 |
IPG The Interpublic Group of Companies, Inc. | -0.77 | -0.96 | 0.88 | -0.54 | -1.81 |
MFG Mizuho Financial Group, Inc. | 0.98 | 1.30 | 1.19 | 1.11 | 3.46 |
GIS General Mills, Inc. | -0.97 | -1.36 | 0.84 | -0.61 | -1.57 |
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Dividends
Dividend yield
High Dividend provided a 6.22% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 6.22% | 7.02% | 6.46% | 6.16% | 4.48% | 4.58% | 5.34% | 5.45% | 4.10% | 4.43% | 4.76% | 3.80% |
| Portfolio components: | ||||||||||||
IEP Icahn Enterprises L.P. | 29.52% | 40.37% | 34.90% | 15.79% | 16.13% | 15.79% | 13.01% | 12.26% | 11.32% | 10.01% | 9.78% | 6.48% |
OHI Omega Healthcare Investors, Inc. | 7.44% | 7.08% | 8.74% | 9.59% | 9.06% | 7.38% | 6.26% | 7.51% | 9.22% | 7.55% | 6.23% | 5.17% |
HSBC HSBC Holdings plc | 5.55% | 6.17% | 6.54% | 4.33% | 3.65% | 0.00% | 6.52% | 6.20% | 4.94% | 6.35% | 6.33% | 5.19% |
ING ING Groep N.V. | 6.14% | 7.63% | 5.86% | 7.14% | 5.02% | 0.00% | 6.31% | 7.56% | 3.97% | 5.24% | 2.95% | 0.00% |
BCH Banco de Chile | 6.81% | 7.46% | 9.01% | 6.39% | 3.86% | 4.10% | 5.04% | 3.63% | 2.86% | 4.35% | 5.78% | 5.58% |
PAA Plains All American Pipeline, L.P. | 8.39% | 7.44% | 7.06% | 7.08% | 7.71% | 13.11% | 7.50% | 5.99% | 9.45% | 8.21% | 11.93% | 4.97% |
BBVA Banco Bilbao Vizcaya Argentaria, S.A. | 4.93% | 7.55% | 5.58% | 6.28% | 2.79% | 3.53% | 5.20% | 5.67% | 3.92% | 6.02% | 4.29% | 5.71% |
STLA Stellantis N.V. | 7.47% | 12.65% | 6.34% | 7.90% | 2.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UMC United Microelectronics Corporation | 5.65% | 7.02% | 6.93% | 7.92% | 2.45% | 1.62% | 3.50% | 6.49% | 3.44% | 5.15% | 4.50% | 3.66% |
SAN Banco Santander, S.A. | 2.97% | 4.71% | 3.57% | 3.83% | 2.58% | 3.76% | 6.21% | 5.80% | 5.25% | 4.31% | 9.40% | 9.71% |
BEP Brookfield Renewable Partners L.P. | 6.29% | 6.23% | 5.14% | 5.05% | 3.39% | 2.68% | 6.08% | 7.57% | 5.36% | 7.87% | 8.33% | 6.95% |
LYB LyondellBasell Industries N.V. | 9.52% | 7.10% | 5.20% | 11.92% | 4.81% | 4.58% | 20.27% | 4.81% | 3.22% | 3.88% | 3.50% | 3.40% |
FANG Diamondback Energy, Inc. | 3.84% | 5.06% | 5.15% | 6.55% | 1.62% | 3.10% | 0.74% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% |
RF Regions Financial Corporation | 4.63% | 4.17% | 4.54% | 3.43% | 2.98% | 3.85% | 3.44% | 3.44% | 1.82% | 1.78% | 2.40% | 1.70% |
BP BP p.l.c. | 6.63% | 6.18% | 4.71% | 3.94% | 4.83% | 9.21% | 6.48% | 6.36% | 5.66% | 6.37% | 7.63% | 6.14% |
EOG EOG Resources, Inc. | 3.40% | 2.97% | 4.80% | 6.79% | 4.07% | 2.83% | 1.21% | 0.87% | 0.62% | 0.66% | 0.95% | 0.56% |
PRU Prudential Financial, Inc. | 5.18% | 4.39% | 4.82% | 4.83% | 4.25% | 5.64% | 4.27% | 4.41% | 2.61% | 2.69% | 3.00% | 2.40% |
CNQ Canadian Natural Resources Limited | 5.09% | 5.02% | 4.17% | 6.31% | 3.70% | 5.15% | 3.42% | 5.92% | 2.34% | 2.19% | 3.20% | 2.57% |
SHEL Shell plc | 4.26% | 4.39% | 3.76% | 3.48% | 3.78% | 5.44% | 6.14% | 5.48% | 4.79% | 5.88% | 6.98% | 4.72% |
SNY Sanofi | 4.21% | 4.22% | 3.83% | 4.22% | 3.80% | 3.61% | 3.46% | 4.29% | 3.67% | 4.03% | 3.79% | 4.19% |
K Kellogg Company | 2.77% | 2.79% | 3.99% | 3.28% | 3.59% | 3.66% | 3.27% | 3.86% | 3.12% | 2.77% | 2.74% | 2.90% |
ASX ASE Technology Holding Co., Ltd. | 3.20% | 3.14% | 5.98% | 7.64% | 3.85% | 2.33% | 2.87% | 14.14% | 4.46% | 6.23% | 7.12% | 4.42% |
IPG The Interpublic Group of Companies, Inc. | 5.49% | 4.71% | 3.80% | 3.48% | 2.88% | 4.34% | 4.07% | 4.07% | 3.57% | 2.56% | 2.06% | 1.83% |
MFG Mizuho Financial Group, Inc. | 1.61% | 3.21% | 3.73% | 4.34% | 5.45% | 5.52% | 4.47% | 4.50% | 3.69% | 3.77% | 3.10% | 3.71% |
GIS General Mills, Inc. | 4.50% | 3.73% | 3.47% | 2.50% | 3.03% | 3.37% | 3.66% | 5.03% | 3.27% | 3.01% | 3.00% | 3.02% |
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.
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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 17.07%, occurring on Apr 8, 2025. The portfolio has not yet recovered.
The current High Dividend drawdown is 3.08%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.07% | Mar 20, 2025 | 14 | Apr 8, 2025 | — | — | — |
| -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 |
| -9.39% | Aug 1, 2023 | 63 | Oct 27, 2023 | 33 | Dec 14, 2023 | 96 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 25 assets, with an effective number of assets of 25.00, 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 | GIS | K | SNY | BEP | OHI | IEP | BCH | MFG | UMC | ASX | EOG | FANG | IPG | PAA | HSBC | SHEL | BBVA | BP | STLA | CNQ | LYB | SAN | RF | ING | PRU | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | 0.08 | 0.11 | 0.24 | 0.40 | 0.33 | 0.29 | 0.34 | 0.36 | 0.58 | 0.62 | 0.29 | 0.34 | 0.56 | 0.42 | 0.42 | 0.32 | 0.47 | 0.32 | 0.56 | 0.39 | 0.47 | 0.47 | 0.56 | 0.49 | 0.58 | 0.68 |
| GIS | 0.08 | 1.00 | 0.67 | 0.25 | 0.03 | 0.21 | 0.05 | 0.04 | 0.00 | -0.09 | -0.11 | 0.08 | 0.03 | 0.18 | 0.08 | 0.10 | 0.07 | 0.05 | 0.07 | 0.07 | 0.03 | 0.15 | 0.08 | 0.09 | 0.08 | 0.15 | 0.15 |
| K | 0.11 | 0.67 | 1.00 | 0.17 | 0.02 | 0.19 | 0.06 | 0.08 | 0.02 | -0.08 | -0.08 | 0.09 | 0.02 | 0.15 | 0.09 | 0.11 | 0.08 | 0.07 | 0.08 | 0.09 | 0.06 | 0.12 | 0.09 | 0.11 | 0.06 | 0.17 | 0.17 |
| SNY | 0.24 | 0.25 | 0.17 | 1.00 | 0.21 | 0.19 | 0.12 | 0.15 | 0.17 | 0.15 | 0.13 | 0.10 | 0.07 | 0.23 | 0.14 | 0.27 | 0.20 | 0.25 | 0.18 | 0.30 | 0.16 | 0.18 | 0.30 | 0.18 | 0.32 | 0.21 | 0.32 |
| BEP | 0.40 | 0.03 | 0.02 | 0.21 | 1.00 | 0.23 | 0.17 | 0.21 | 0.15 | 0.28 | 0.31 | 0.12 | 0.15 | 0.24 | 0.23 | 0.21 | 0.16 | 0.21 | 0.16 | 0.27 | 0.23 | 0.20 | 0.25 | 0.24 | 0.23 | 0.24 | 0.38 |
| OHI | 0.33 | 0.21 | 0.19 | 0.19 | 0.23 | 1.00 | 0.18 | 0.18 | 0.14 | 0.17 | 0.17 | 0.15 | 0.11 | 0.31 | 0.27 | 0.22 | 0.18 | 0.22 | 0.16 | 0.22 | 0.17 | 0.25 | 0.23 | 0.30 | 0.26 | 0.32 | 0.37 |
| IEP | 0.29 | 0.05 | 0.06 | 0.12 | 0.17 | 0.18 | 1.00 | 0.15 | 0.20 | 0.16 | 0.19 | 0.27 | 0.28 | 0.29 | 0.25 | 0.25 | 0.26 | 0.22 | 0.26 | 0.25 | 0.27 | 0.29 | 0.21 | 0.31 | 0.23 | 0.30 | 0.43 |
| BCH | 0.34 | 0.04 | 0.08 | 0.15 | 0.21 | 0.18 | 0.15 | 1.00 | 0.27 | 0.26 | 0.31 | 0.22 | 0.22 | 0.25 | 0.28 | 0.32 | 0.27 | 0.32 | 0.27 | 0.31 | 0.32 | 0.33 | 0.36 | 0.30 | 0.37 | 0.33 | 0.48 |
| MFG | 0.36 | 0.00 | 0.02 | 0.17 | 0.15 | 0.14 | 0.20 | 0.27 | 1.00 | 0.27 | 0.31 | 0.19 | 0.24 | 0.31 | 0.28 | 0.40 | 0.27 | 0.40 | 0.28 | 0.31 | 0.27 | 0.25 | 0.41 | 0.38 | 0.43 | 0.37 | 0.49 |
| UMC | 0.58 | -0.09 | -0.08 | 0.15 | 0.28 | 0.17 | 0.16 | 0.26 | 0.27 | 1.00 | 0.71 | 0.17 | 0.23 | 0.35 | 0.23 | 0.32 | 0.21 | 0.34 | 0.19 | 0.43 | 0.24 | 0.27 | 0.31 | 0.31 | 0.37 | 0.28 | 0.50 |
| ASX | 0.62 | -0.11 | -0.08 | 0.13 | 0.31 | 0.17 | 0.19 | 0.31 | 0.31 | 0.71 | 1.00 | 0.17 | 0.26 | 0.36 | 0.25 | 0.36 | 0.22 | 0.36 | 0.21 | 0.43 | 0.29 | 0.31 | 0.35 | 0.35 | 0.39 | 0.33 | 0.54 |
| EOG | 0.29 | 0.08 | 0.09 | 0.10 | 0.12 | 0.15 | 0.27 | 0.22 | 0.19 | 0.17 | 0.17 | 1.00 | 0.80 | 0.30 | 0.60 | 0.30 | 0.68 | 0.27 | 0.70 | 0.27 | 0.75 | 0.50 | 0.29 | 0.40 | 0.34 | 0.43 | 0.63 |
| FANG | 0.34 | 0.03 | 0.02 | 0.07 | 0.15 | 0.11 | 0.28 | 0.22 | 0.24 | 0.23 | 0.26 | 0.80 | 1.00 | 0.32 | 0.60 | 0.31 | 0.66 | 0.28 | 0.69 | 0.31 | 0.75 | 0.50 | 0.29 | 0.42 | 0.35 | 0.45 | 0.65 |
| IPG | 0.56 | 0.18 | 0.15 | 0.23 | 0.24 | 0.31 | 0.29 | 0.25 | 0.31 | 0.35 | 0.36 | 0.30 | 0.32 | 1.00 | 0.37 | 0.39 | 0.31 | 0.43 | 0.34 | 0.51 | 0.33 | 0.55 | 0.44 | 0.60 | 0.49 | 0.60 | 0.65 |
| PAA | 0.42 | 0.08 | 0.09 | 0.14 | 0.23 | 0.27 | 0.25 | 0.28 | 0.28 | 0.23 | 0.25 | 0.60 | 0.60 | 0.37 | 1.00 | 0.38 | 0.60 | 0.37 | 0.59 | 0.39 | 0.62 | 0.49 | 0.38 | 0.46 | 0.40 | 0.48 | 0.67 |
| HSBC | 0.42 | 0.10 | 0.11 | 0.27 | 0.21 | 0.22 | 0.25 | 0.32 | 0.40 | 0.32 | 0.36 | 0.30 | 0.31 | 0.39 | 0.38 | 1.00 | 0.42 | 0.57 | 0.42 | 0.47 | 0.36 | 0.45 | 0.63 | 0.51 | 0.64 | 0.55 | 0.66 |
| SHEL | 0.32 | 0.07 | 0.08 | 0.20 | 0.16 | 0.18 | 0.26 | 0.27 | 0.27 | 0.21 | 0.22 | 0.68 | 0.66 | 0.31 | 0.60 | 0.42 | 1.00 | 0.38 | 0.86 | 0.38 | 0.73 | 0.51 | 0.42 | 0.36 | 0.45 | 0.41 | 0.68 |
| BBVA | 0.47 | 0.05 | 0.07 | 0.25 | 0.21 | 0.22 | 0.22 | 0.32 | 0.40 | 0.34 | 0.36 | 0.27 | 0.28 | 0.43 | 0.37 | 0.57 | 0.38 | 1.00 | 0.40 | 0.58 | 0.34 | 0.44 | 0.81 | 0.52 | 0.72 | 0.52 | 0.68 |
| BP | 0.32 | 0.07 | 0.08 | 0.18 | 0.16 | 0.16 | 0.26 | 0.27 | 0.28 | 0.19 | 0.21 | 0.70 | 0.69 | 0.34 | 0.59 | 0.42 | 0.86 | 0.40 | 1.00 | 0.39 | 0.73 | 0.54 | 0.42 | 0.40 | 0.46 | 0.44 | 0.70 |
| STLA | 0.56 | 0.07 | 0.09 | 0.30 | 0.27 | 0.22 | 0.25 | 0.31 | 0.31 | 0.43 | 0.43 | 0.27 | 0.31 | 0.51 | 0.39 | 0.47 | 0.38 | 0.58 | 0.39 | 1.00 | 0.37 | 0.49 | 0.57 | 0.51 | 0.59 | 0.52 | 0.68 |
| CNQ | 0.39 | 0.03 | 0.06 | 0.16 | 0.23 | 0.17 | 0.27 | 0.32 | 0.27 | 0.24 | 0.29 | 0.75 | 0.75 | 0.33 | 0.62 | 0.36 | 0.73 | 0.34 | 0.73 | 0.37 | 1.00 | 0.56 | 0.38 | 0.43 | 0.42 | 0.46 | 0.71 |
| LYB | 0.47 | 0.15 | 0.12 | 0.18 | 0.20 | 0.25 | 0.29 | 0.33 | 0.25 | 0.27 | 0.31 | 0.50 | 0.50 | 0.55 | 0.49 | 0.45 | 0.51 | 0.44 | 0.54 | 0.49 | 0.56 | 1.00 | 0.46 | 0.58 | 0.48 | 0.64 | 0.71 |
| SAN | 0.47 | 0.08 | 0.09 | 0.30 | 0.25 | 0.23 | 0.21 | 0.36 | 0.41 | 0.31 | 0.35 | 0.29 | 0.29 | 0.44 | 0.38 | 0.63 | 0.42 | 0.81 | 0.42 | 0.57 | 0.38 | 0.46 | 1.00 | 0.55 | 0.74 | 0.55 | 0.71 |
| RF | 0.56 | 0.09 | 0.11 | 0.18 | 0.24 | 0.30 | 0.31 | 0.30 | 0.38 | 0.31 | 0.35 | 0.40 | 0.42 | 0.60 | 0.46 | 0.51 | 0.36 | 0.52 | 0.40 | 0.51 | 0.43 | 0.58 | 0.55 | 1.00 | 0.60 | 0.77 | 0.73 |
| ING | 0.49 | 0.08 | 0.06 | 0.32 | 0.23 | 0.26 | 0.23 | 0.37 | 0.43 | 0.37 | 0.39 | 0.34 | 0.35 | 0.49 | 0.40 | 0.64 | 0.45 | 0.72 | 0.46 | 0.59 | 0.42 | 0.48 | 0.74 | 0.60 | 1.00 | 0.59 | 0.75 |
| PRU | 0.58 | 0.15 | 0.17 | 0.21 | 0.24 | 0.32 | 0.30 | 0.33 | 0.37 | 0.28 | 0.33 | 0.43 | 0.45 | 0.60 | 0.48 | 0.55 | 0.41 | 0.52 | 0.44 | 0.52 | 0.46 | 0.64 | 0.55 | 0.77 | 0.59 | 1.00 | 0.75 |
| Portfolio | 0.68 | 0.15 | 0.17 | 0.32 | 0.38 | 0.37 | 0.43 | 0.48 | 0.49 | 0.50 | 0.54 | 0.63 | 0.65 | 0.65 | 0.67 | 0.66 | 0.68 | 0.68 | 0.70 | 0.68 | 0.71 | 0.71 | 0.71 | 0.73 | 0.75 | 0.75 | 1.00 |
The correlation results are calculated based on daily price changes starting from Jan 21, 2021