EQ_2026_5_24

Asset Allocation

Position	Category/Sector	Target Weight
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	Commodities	2.70%
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF	Commodities	2.70%
CORN Teucrium Corn Fund	Agricultural Commodities	2.70%
DBA Invesco DB Agriculture Fund	Agricultural Commodities	2.70%
FTGC First Trust Global Tactical Commodity Strategy Fund	Commodities	2.70%
HGER Harbor Commodity All-Weather Strategy ETF	Commodities	2.70%
PIT VanEck Commodity Strategy ETF	Commodities	2.70%
SOYB Teucrium Soybean Fund	Agricultural Commodities	2.70%
USCI United States Commodity Index Fund	Commodities	2.70%
WEAT Teucrium Wheat Fund	Agricultural Commodities	2.70%
AGRO Adecoagro S.A.	Consumer Defensive	2.70%
AMBA Ambarella, Inc.	Technology	2.70%
AMSC American Superconductor Corporation	Industrials	2.70%
BG Bunge Limited	Consumer Defensive	2.70%
CF CF Industries Holdings, Inc.	Basic Materials	2.70%
CVX Chevron Corporation	Energy	2.70%
DHT DHT Holdings, Inc.	Energy	2.70%
DVN Devon Energy Corporation	Energy	2.70%
ECO Okeanis Eco Tankers Corp	Industrials	2.70%
EMEQ Nomura Focused Emerging Markets Equity ETF	Emerging Markets Equities	2.70%
EWZ iShares MSCI Brazil ETF	Latin America Equities	2.70%
FLKR Franklin FTSE South Korea ETF	South Korea Equities, Asia Pacific Equities	2.70%
FRO Frontline Ltd.	Industrials	2.70%
INSW International Seaways, Inc.	Energy	2.70%
ITRN Ituran Location and Control Ltd.	Technology	2.70%
IXC iShares Global Energy ETF	Energy Equities	2.70%
MTDR Matador Resources Company	Energy	2.70%
SBLK Star Bulk Carriers Corp.	Industrials	2.70%
STM STMicroelectronics N.V.	Technology	2.70%
STNG Scorpio Tankers Inc.	Energy	2.70%
TALO Talos Energy Inc.	Energy	2.70%
TDW Tidewater Inc.	Energy	2.70%
TRMD TORM plc	Energy	2.70%
XES SPDR S&P Oil & Gas Equipment & Services ETF	Energy Equities	2.70%
XOM Exxon Mobil Corporation	Energy	2.70%
XOP SPDR S&P Oil & Gas Exploration & Production ETF	Energy Equities	2.70%
YARIY Yara International ASA	Basic Materials	2.70%

Benchmark: S&P 500 Index · Rebalance: Every 3 months

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in EQ_2026_5_24, 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.

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Benchmark

Compare your portfolio against anything

Returns By Period

Position	1D	1M	6M	YTD	1Y	3Y*	5Y*	10Y*	ALL TIME*
Benchmark S&P 500 Index	0.70%	0.09%	7.94%	9.41%	18.15%	17.84%	11.25%	13.26%	8.09%
Portfolio EQ_2026_5_24	0.86%	6.39%	29.27%	46.29%	59.00%	—	—	—	31.35%
Portfolio components:
AGRO Adecoagro S.A.	-1.87%	5.17%	13.52%	26.83%	11.87%	0.23%	3.87%	1.08%	0.47%
AMBA Ambarella, Inc.	16.08%	-2.65%	34.29%	21.40%	30.13%	0.78%	-2.68%	4.28%	20.30%
AMSC American Superconductor Corporation	-0.27%	-26.43%	-1.84%	2.05%	-48.34%	22.11%	15.89%	12.68%	-3.05%
BG Bunge Limited	1.10%	1.28%	-5.62%	20.66%	36.94%	2.24%	9.51%	8.51%	10.10%
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	-0.22%	7.99%	15.18%	25.95%	37.10%	—	—	—	24.32%
CF CF Industries Holdings, Inc.	-0.46%	15.75%	35.55%	63.40%	37.75%	18.16%	24.12%	20.99%	21.21%
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF	-0.06%	8.35%	19.02%	31.11%	31.84%	10.95%	11.49%	9.00%	3.41%
CORN Teucrium Corn Fund	-0.62%	4.13%	0.97%	-0.45%	2.24%	-8.35%	-2.59%	-0.54%	-2.16%
CVX Chevron Corporation	2.35%	18.79%	13.38%	31.60%	35.24%	11.23%	18.87%	11.68%	10.44%
DBA Invesco DB Agriculture Fund	0.11%	2.42%	7.21%	7.80%	10.05%	12.21%	10.82%	4.57%	1.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Sep 5, 2024, EQ_2026_5_24's average daily return is +0.12%, while the average monthly return is +2.41%. At this rate, an investment would double in approximately 2.4 years.

Historically, 65% of months were positive and 35% were negative. The best month was Jan 2026 with a return of +13.2%, while the worst month was Oct 2024 at -4.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, EQ_2026_5_24 closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +7.5%, while the worst single day was Apr 4, 2025 at -6.6%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	13.17%	12.03%	6.78%	9.08%	-1.92%	-4.41%	5.68%						46.29%
2025	4.83%	-3.31%	-0.30%	-4.52%	5.71%	5.56%	3.69%	5.01%	1.55%	3.28%	0.02%	-1.34%	21.33%
2024									3.26%	-4.92%	1.28%	-4.87%	-5.41%

Benchmark Metrics

EQ_2026_5_24 has an annualized alpha of 19.48%, beta of 0.65, and R2 of 0.33 versus S&P 500 Index. Calculated based on daily prices since September 05, 2024.

This portfolio captured 107.82% of S&P 500 Index gains but only 4.44% of its losses - a favorable profile for investors.
Beta of 0.65 may look defensive, but with R2 of 0.33 this portfolio is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
R2 of 0.33 means the benchmark explains less than half of this portfolio's behavior - treat beta with caution or consider switching to a more representative benchmark.

Alpha: 19.48%

Beta: 0.65

R²: 0.33

Upside Capture: 107.82%

Downside Capture: 4.44%

See how alpha, beta & R² have trended over time →

Expense Ratio

EQ_2026_5_24 has an expense ratio of 0.36%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

Top 10 holdings

CORN

Teucrium Corn Fund

WEAT

Teucrium Wheat Fund

SOYB

Teucrium Soybean Fund

USCI

United States Commodity Index Fund

FTGC

First Trust Global Tactical Commodity Strategy Fund

DBA

Invesco DB Agriculture Fund

EMEQ

Nomura Focused Emerging Markets Equity ETF

HGER

Harbor Commodity All-Weather Strategy ETF

EWZ

iShares MSCI Brazil ETF

PIT

VanEck Commodity Strategy ETF

Return for Risk

Risk / Return Rank

EQ_2026_5_24 ranks 97 for risk / return — above 97% of Portfolios peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

Risk / Return Metrics

The table below presents risk-adjusted performance metrics for EQ_2026_5_24 and compares them with S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	3.64	1.42	+2.22
Sortino ratioReturn per unit of downside risk	4.57	1.98	+2.60
Omega ratioGain probability vs. loss probability	1.60	1.25	+0.34
Calmar ratioReturn relative to maximum drawdown	6.45	2.00	+4.45
Martin ratioReturn relative to average drawdown	22.23	8.49	+13.73

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

Position	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
AGRO Adecoagro S.A.	53	0.24	0.72	1.08	0.30	0.72
AMBA Ambarella, Inc.	60	0.40	1.07	1.15	0.62	1.19
AMSC American Superconductor Corporation	18	-0.59	-0.47	0.94	-0.79	-1.21
BG Bunge Limited	78	1.17	1.86	1.22	1.84	5.72
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	83	2.30	3.02	1.39	2.60	8.97
CF CF Industries Holdings, Inc.	72	0.90	1.47	1.18	1.49	3.31
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF	58	1.48	2.05	1.26	1.82	5.69
CORN Teucrium Corn Fund	14	0.14	0.31	1.04	0.16	0.47
CVX Chevron Corporation	80	1.55	2.09	1.27	1.70	4.61
DBA Invesco DB Agriculture Fund	34	0.91	1.36	1.17	1.16	2.40

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk. Learn how to interpret the Sharpe ratio.

The current EQ_2026_5_24 Sharpe ratio is 3.64 as of Aug 1, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.18 to 2.00, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of EQ_2026_5_24 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

EQ_2026_5_24 provided a 3.54% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	3.54%	3.74%	4.93%	4.11%	4.03%	2.77%	3.21%	1.27%	1.39%	1.42%	2.24%	1.96%
Portfolio components:
AGRO Adecoagro S.A.	2.97%	4.41%	3.63%	2.95%	3.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
AMBA Ambarella, 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%
AMSC American Superconductor 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%
BG Bunge Limited	2.65%	3.12%	3.48%	2.55%	2.31%	2.76%	3.05%	3.48%	3.59%	2.62%	2.21%	2.11%
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	3.97%	4.99%	0.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CF CF Industries Holdings, Inc.	1.60%	2.59%	2.34%	2.01%	1.76%	1.70%	3.10%	2.51%	2.76%	2.82%	3.81%	2.94%
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF	5.90%	7.74%	4.90%	5.19%	29.79%	17.79%	0.36%	2.61%	11.65%	5.16%	0.52%	1.44%
CORN Teucrium Corn Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CVX Chevron Corporation	3.55%	4.49%	4.50%	4.05%	3.16%	4.52%	6.11%	3.95%	4.12%	3.45%	3.64%	4.76%
DBA Invesco DB Agriculture Fund	3.32%	3.58%	4.08%	4.63%	0.48%	0.00%	0.00%	1.55%	1.06%	0.00%	0.00%	0.00%

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 EQ_2026_5_24. 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 EQ_2026_5_24 was 22.26%, occurring on Apr 8, 2025. Recovery took 64 trading sessions.

The current EQ_2026_5_24 drawdown is 3.22%.

Drawdown	Fall	Recovery	Underwater	Related event
-22.26%Apr 2025	6mo 2d	3mo 4d	9mo 6dOct 2024 - Jul 2025	2025 selloff2025
-9.19%Jun 2026	1mo 24d	—	2mo 27dMay 2026 - now	—
-5.35%Oct 2025	21d	13d	1mo 4dSep 2025 - Oct 2025	—
-4.17%Dec 2025	1mo 6d	20d	1mo 26dNov 2025 - Jan 2026	—
-2.66%Aug 2025	2d	4d	6dJul 2025 - Aug 2025	—

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 37 assets, with an effective number of assets of 37.00, reflecting the diversification based on asset allocation. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	All Time
Diversification Ratio	2.18	1.87

The portfolio has a diversification ratio of 1.87, placing it in the top 5% across portfolios — assets in this portfolio move largely independently, providing strong diversification benefit.

EQ_2026_5_24 correlation to the S&P 500 Index

EQ_2026_5_24 has a 0.32 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.32
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.37

Benchmark Correlations

Correlation vs. S&P 500 Index. AMBA has the highest benchmark correlation at 0.61, while COMT has the lowest at -0.06.

-0.06

-0.04

-0.03

-0.03

-0.02

-0.01

-0.00

-0.00

0.01

Portfolio Correlations

Correlation vs. EQ_2026_5_24. XES has the highest portfolio correlation at 0.74, while CORN has the lowest at 0.22.

0.22

0.24

0.29

0.31

0.31

0.36

0.40

0.41

0.42

Asset Correlations Table

See how each holding historically moved in relation to the other holdings, the portfolio, and the selected benchmark.

	ITRN	AMSC	CORN	WEAT	STM	AMBA	AGRO	FLKR	DBA	SOYB	EMEQ	EWZ	DHT	SBLK	BG	YARIY	ECO	FRO	CF	STNG	INSW	TRMD	TALO	TDW	CVX	XOM	HGER	MTDR	DVN	PIT	USCI	COMT	FTGC	CERY	XOP	XES	IXC
ITRN	1.00	0.37	-0.04	-0.00	0.36	0.43	0.08	0.34	0.10	0.03	0.40	0.25	0.12	0.17	0.12	0.06	0.12	0.11	-0.08	0.09	0.13	0.11	0.05	0.16	0.03	-0.04	0.06	0.05	0.05	0.02	0.06	-0.02	0.07	0.06	0.07	0.26	0.07
AMSC	0.37	1.00	-0.03	-0.03	0.43	0.47	0.06	0.43	0.08	0.05	0.46	0.28	0.09	0.13	0.00	0.10	0.09	0.08	-0.03	0.11	0.09	0.07	0.06	0.21	-0.01	0.01	0.05	0.09	0.08	0.02	0.03	-0.00	0.06	0.05	0.12	0.32	0.11
CORN	-0.04	-0.03	1.00	0.67	-0.01	0.03	0.17	0.03	0.43	0.65	0.04	0.06	0.07	0.07	0.13	0.16	0.05	0.06	0.21	0.09	0.05	0.05	0.11	0.06	0.12	0.15	0.32	0.11	0.08	0.21	0.25	0.27	0.34	0.36	0.14	0.10	0.15
WEAT	-0.00	-0.03	0.67	1.00	0.02	-0.01	0.11	0.08	0.39	0.48	0.08	0.10	0.06	0.03	0.13	0.23	0.05	0.07	0.20	0.10	0.06	0.10	0.11	0.04	0.14	0.16	0.33	0.15	0.07	0.22	0.22	0.27	0.35	0.36	0.17	0.12	0.17
STM	0.36	0.43	-0.01	0.02	1.00	0.52	0.05	0.52	0.13	0.11	0.56	0.39	0.08	0.21	0.16	0.17	0.07	0.09	-0.04	0.11	0.09	0.12	0.07	0.21	0.03	0.05	0.05	0.11	0.10	0.04	0.06	-0.01	0.09	0.10	0.13	0.32	0.13
AMBA	0.43	0.47	0.03	-0.01	0.52	1.00	0.03	0.48	0.16	0.06	0.52	0.24	0.14	0.22	0.01	0.10	0.15	0.13	-0.03	0.14	0.18	0.20	0.08	0.19	0.01	-0.03	0.10	0.11	0.07	0.06	0.10	0.00	0.11	0.09	0.13	0.29	0.09
AGRO	0.08	0.06	0.17	0.11	0.05	0.03	1.00	0.07	0.13	0.15	0.09	0.27	0.07	0.18	0.31	0.17	0.07	0.05	0.27	0.00	0.07	0.07	0.31	0.21	0.27	0.27	0.29	0.26	0.26	0.31	0.31	0.31	0.32	0.32	0.32	0.29	0.35
FLKR	0.34	0.43	0.03	0.08	0.52	0.48	0.07	1.00	0.14	0.09	0.84	0.43	0.16	0.23	0.12	0.21	0.16	0.16	-0.03	0.15	0.17	0.17	-0.03	0.16	-0.02	0.01	0.14	0.02	-0.00	0.12	0.12	0.03	0.16	0.18	0.05	0.26	0.10
DBA	0.10	0.08	0.43	0.39	0.13	0.16	0.13	0.14	1.00	0.42	0.15	0.19	0.05	0.10	0.15	0.20	0.10	0.08	0.21	0.11	0.05	0.12	0.10	0.11	0.13	0.12	0.36	0.13	0.12	0.31	0.50	0.32	0.48	0.39	0.17	0.17	0.18
SOYB	0.03	0.05	0.65	0.48	0.11	0.06	0.15	0.09	0.42	1.00	0.11	0.21	0.08	0.19	0.26	0.20	0.10	0.10	0.23	0.15	0.11	0.11	0.13	0.18	0.18	0.15	0.31	0.16	0.15	0.22	0.28	0.27	0.37	0.36	0.20	0.21	0.21
EMEQ	0.40	0.46	0.04	0.08	0.56	0.52	0.09	0.84	0.15	0.11	1.00	0.50	0.16	0.26	0.14	0.22	0.17	0.17	-0.04	0.13	0.15	0.15	0.01	0.20	-0.01	0.00	0.16	0.05	0.03	0.12	0.14	0.05	0.19	0.20	0.08	0.31	0.12
EWZ	0.25	0.28	0.06	0.10	0.39	0.24	0.27	0.43	0.19	0.21	0.50	1.00	0.21	0.28	0.28	0.27	0.17	0.19	0.07	0.14	0.20	0.18	0.05	0.27	0.11	0.11	0.20	0.09	0.12	0.16	0.20	0.10	0.25	0.24	0.13	0.36	0.22
DHT	0.12	0.09	0.07	0.06	0.08	0.14	0.07	0.16	0.05	0.08	0.16	0.21	1.00	0.54	0.14	0.17	0.79	0.88	0.09	0.75	0.82	0.72	0.12	0.29	0.19	0.16	0.14	0.13	0.19	0.11	0.12	0.10	0.13	0.11	0.18	0.20	0.22
SBLK	0.17	0.13	0.07	0.03	0.21	0.22	0.18	0.23	0.10	0.19	0.26	0.28	0.54	1.00	0.24	0.21	0.51	0.53	0.11	0.46	0.54	0.49	0.16	0.36	0.18	0.18	0.19	0.16	0.19	0.17	0.19	0.14	0.21	0.20	0.20	0.29	0.25
BG	0.12	0.00	0.13	0.13	0.16	0.01	0.31	0.12	0.15	0.26	0.14	0.28	0.14	0.24	1.00	0.30	0.16	0.16	0.39	0.18	0.17	0.19	0.34	0.33	0.42	0.41	0.28	0.35	0.39	0.31	0.31	0.30	0.33	0.37	0.40	0.39	0.48
YARIY	0.06	0.10	0.16	0.23	0.17	0.10	0.17	0.21	0.20	0.20	0.22	0.27	0.17	0.21	0.30	1.00	0.20	0.18	0.41	0.16	0.19	0.22	0.26	0.28	0.27	0.27	0.37	0.28	0.27	0.41	0.38	0.37	0.42	0.44	0.31	0.31	0.37
ECO	0.12	0.09	0.05	0.05	0.07	0.15	0.07	0.16	0.10	0.10	0.17	0.17	0.79	0.51	0.16	0.20	1.00	0.85	0.13	0.71	0.77	0.73	0.16	0.33	0.20	0.20	0.21	0.19	0.21	0.22	0.22	0.22	0.22	0.22	0.23	0.28	0.27
FRO	0.11	0.08	0.06	0.07	0.09	0.13	0.05	0.16	0.08	0.10	0.17	0.19	0.88	0.53	0.16	0.18	0.85	1.00	0.12	0.76	0.83	0.76	0.16	0.31	0.22	0.19	0.21	0.18	0.21	0.19	0.20	0.19	0.22	0.20	0.22	0.25	0.26
CF	-0.08	-0.03	0.21	0.20	-0.04	-0.03	0.27	-0.03	0.21	0.23	-0.04	0.07	0.09	0.11	0.39	0.41	0.13	0.12	1.00	0.16	0.12	0.16	0.44	0.26	0.46	0.48	0.41	0.45	0.46	0.47	0.47	0.52	0.46	0.48	0.54	0.34	0.54
STNG	0.09	0.11	0.09	0.10	0.11	0.14	0.00	0.15	0.11	0.15	0.13	0.14	0.75	0.46	0.18	0.16	0.71	0.76	0.16	1.00	0.83	0.77	0.23	0.36	0.27	0.25	0.19	0.23	0.27	0.20	0.22	0.23	0.22	0.20	0.29	0.30	0.30
INSW	0.13	0.09	0.05	0.06	0.09	0.18	0.07	0.17	0.05	0.11	0.15	0.20	0.82	0.54	0.17	0.19	0.77	0.83	0.12	0.83	1.00	0.80	0.25	0.38	0.27	0.25	0.21	0.23	0.28	0.20	0.21	0.20	0.21	0.20	0.29	0.31	0.32
TRMD	0.11	0.07	0.05	0.10	0.12	0.20	0.07	0.17	0.12	0.11	0.15	0.18	0.72	0.49	0.19	0.22	0.73	0.76	0.16	0.77	0.80	1.00	0.22	0.36	0.26	0.23	0.24	0.22	0.27	0.24	0.26	0.25	0.25	0.25	0.30	0.31	0.32
TALO	0.05	0.06	0.11	0.11	0.07	0.08	0.31	-0.03	0.10	0.13	0.01	0.05	0.12	0.16	0.34	0.26	0.16	0.16	0.44	0.23	0.25	0.22	1.00	0.51	0.63	0.63	0.42	0.77	0.75	0.53	0.50	0.59	0.50	0.50	0.82	0.64	0.71
TDW	0.16	0.21	0.06	0.04	0.21	0.19	0.21	0.16	0.11	0.18	0.20	0.27	0.29	0.36	0.33	0.28	0.33	0.31	0.26	0.36	0.38	0.36	0.51	1.00	0.48	0.48	0.29	0.53	0.52	0.36	0.34	0.38	0.37	0.37	0.55	0.71	0.56
CVX	0.03	-0.01	0.12	0.14	0.03	0.01	0.27	-0.02	0.13	0.18	-0.01	0.11	0.19	0.18	0.42	0.27	0.20	0.22	0.46	0.27	0.27	0.26	0.63	0.48	1.00	0.80	0.38	0.68	0.74	0.47	0.45	0.54	0.44	0.47	0.75	0.59	0.85
XOM	-0.04	0.01	0.15	0.16	0.05	-0.03	0.27	0.01	0.12	0.15	0.00	0.11	0.16	0.18	0.41	0.27	0.20	0.19	0.48	0.25	0.25	0.23	0.63	0.48	0.80	1.00	0.41	0.66	0.73	0.51	0.48	0.58	0.46	0.51	0.73	0.59	0.88
HGER	0.06	0.05	0.32	0.33	0.05	0.10	0.29	0.14	0.36	0.31	0.16	0.20	0.14	0.19	0.28	0.37	0.21	0.21	0.41	0.19	0.21	0.24	0.42	0.29	0.38	0.41	1.00	0.43	0.41	0.87	0.79	0.80	0.86	0.86	0.48	0.38	0.51
MTDR	0.05	0.09	0.11	0.15	0.11	0.11	0.26	0.02	0.13	0.16	0.05	0.09	0.13	0.16	0.35	0.28	0.19	0.18	0.45	0.23	0.23	0.22	0.77	0.53	0.68	0.66	0.43	1.00	0.81	0.55	0.52	0.63	0.52	0.54	0.89	0.69	0.77
DVN	0.05	0.08	0.08	0.07	0.10	0.07	0.26	-0.00	0.12	0.15	0.03	0.12	0.19	0.19	0.39	0.27	0.21	0.21	0.46	0.27	0.28	0.27	0.75	0.52	0.74	0.73	0.41	0.81	1.00	0.53	0.54	0.62	0.50	0.53	0.87	0.68	0.84
PIT	0.02	0.02	0.21	0.22	0.04	0.06	0.31	0.12	0.31	0.22	0.12	0.16	0.11	0.17	0.31	0.41	0.22	0.19	0.47	0.20	0.20	0.24	0.53	0.36	0.47	0.51	0.87	0.55	0.53	1.00	0.89	0.92	0.92	0.92	0.60	0.46	0.61
USCI	0.06	0.03	0.25	0.22	0.06	0.10	0.31	0.12	0.50	0.28	0.14	0.20	0.12	0.19	0.31	0.38	0.22	0.20	0.47	0.22	0.21	0.26	0.50	0.34	0.45	0.48	0.79	0.52	0.54	0.89	1.00	0.87	0.90	0.87	0.59	0.46	0.59
COMT	-0.02	-0.00	0.27	0.27	-0.01	0.00	0.31	0.03	0.32	0.27	0.05	0.10	0.10	0.14	0.30	0.37	0.22	0.19	0.52	0.23	0.20	0.25	0.59	0.38	0.54	0.58	0.80	0.63	0.62	0.92	0.87	1.00	0.86	0.89	0.67	0.52	0.67
FTGC	0.07	0.06	0.34	0.35	0.09	0.11	0.32	0.16	0.48	0.37	0.19	0.25	0.13	0.21	0.33	0.42	0.22	0.22	0.46	0.22	0.21	0.25	0.50	0.37	0.44	0.46	0.86	0.52	0.50	0.92	0.90	0.86	1.00	0.93	0.59	0.47	0.59
CERY	0.06	0.05	0.36	0.36	0.10	0.09	0.32	0.18	0.39	0.36	0.20	0.24	0.11	0.20	0.37	0.44	0.22	0.20	0.48	0.20	0.20	0.25	0.50	0.37	0.47	0.51	0.86	0.54	0.53	0.92	0.87	0.89	0.93	1.00	0.59	0.49	0.62
XOP	0.07	0.12	0.14	0.17	0.13	0.13	0.32	0.05	0.17	0.20	0.08	0.13	0.18	0.20	0.40	0.31	0.23	0.22	0.54	0.29	0.29	0.30	0.82	0.55	0.75	0.73	0.48	0.89	0.87	0.60	0.59	0.67	0.59	0.59	1.00	0.74	0.88
XES	0.26	0.32	0.10	0.12	0.32	0.29	0.29	0.26	0.17	0.21	0.31	0.36	0.20	0.29	0.39	0.31	0.28	0.25	0.34	0.30	0.31	0.31	0.64	0.71	0.59	0.59	0.38	0.69	0.68	0.46	0.46	0.52	0.47	0.49	0.74	1.00	0.75
IXC	0.07	0.11	0.15	0.17	0.13	0.09	0.35	0.10	0.18	0.21	0.12	0.22	0.22	0.25	0.48	0.37	0.27	0.26	0.54	0.30	0.32	0.32	0.71	0.56	0.85	0.88	0.51	0.77	0.84	0.61	0.59	0.67	0.59	0.62	0.88	0.75	1.00

Based on daily historical returns since Sep 5, 2024

Diversification Analysis

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