Lack of Strategy Portfolio
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification
Lack of Strategy Portfolio
Last updated Apr 19, 2025
Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Lack of Strategy Portfolio, 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.
Lack of Strategy Portfolio
Benchmark (^GSPC)
Portfolio components
The earliest data available for this chart is Jun 30, 2022, corresponding to the inception date of FGDL
Returns By Period
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -10.18% | -6.92% | -9.92% | 5.42% | 12.98% | 9.70% |
| Lack of Strategy Portfolio | -0.28% | -2.65% | -4.40% | 5.71% | N/A | N/A |
| Portfolio components: | ||||||
EDV Vanguard Extended Duration Treasury ETF | -0.98% | -6.26% | -8.89% | -0.47% | -14.16% | -2.84% |
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 12.72% | 3.84% | 10.61% | 12.69% | -2.25% | 2.05% |
FGDL Franklin Responsibly Sourced Gold ETF | 26.70% | 8.92% | 22.16% | 39.88% | N/A | N/A |
KMLM KFA Mount Lucas Index Strategy ETF | -6.65% | -4.17% | -7.53% | -15.24% | N/A | N/A |
DWSH AdvisorShares Dorsey Wright Short ETF | 21.19% | 17.19% | 26.29% | 19.29% | -19.75% | N/A |
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 0.69% | -0.41% | 2.13% | 5.27% | 4.20% | 2.89% |
FLRT Pacific Global Senior Loan ETF | -0.58% | -1.02% | 0.91% | 5.29% | 6.63% | 5.15% |
JAAA Janus Henderson AAA CLO ETF | 0.50% | 0.04% | 1.91% | 5.41% | N/A | N/A |
DOW Dow Inc. | -28.55% | -24.31% | -45.15% | -47.11% | 1.87% | N/A |
LYB LyondellBasell Industries N.V. | -22.22% | -22.93% | -35.83% | -39.30% | 8.14% | 1.78% |
PFE | -15.17% | -15.53% | -21.78% | -7.33% | N/A | N/A |
MO Altria Group, Inc. | 13.23% | 2.17% | 21.67% | 52.28% | 16.32% | 7.89% |
RISR | 3.18% | 2.70% | 9.22% | 14.67% | N/A | N/A |
XLRE | 0.09% | -3.01% | -8.03% | 17.11% | N/A | N/A |
CWEN Clearway Energy, Inc. | 14.18% | -1.48% | 10.45% | 37.90% | 13.85% | N/A |
AQN Algonquin Power & Utilities Corp | 23.11% | 6.38% | 7.32% | -1.89% | -12.70% | 1.11% |
PCG PG&E Corporation | -14.49% | 0.97% | -15.23% | 4.57% | 8.72% | -9.71% |
SBLK | -7.21% | -18.60% | -29.49% | -34.89% | N/A | N/A |
CIVI Civitas Resources, Inc. | -35.88% | -19.98% | -41.51% | -57.66% | 20.14% | -35.41% |
INSW International Seaways, Inc. | -5.22% | -5.36% | -29.49% | -27.43% | 16.22% | N/A |
TGB | 9.28% | -13.47% | -11.30% | -14.86% | N/A | N/A |
PFF | -4.50% | -5.30% | -8.91% | 2.37% | N/A | N/A |
PYLD | 1.07% | -1.41% | 1.03% | 9.10% | N/A | N/A |
AGGH Simplify Aggregate Bond ETF | -0.34% | -4.18% | -1.41% | 5.87% | N/A | N/A |
JPIE JPMorgan Income ETF | 1.63% | -0.10% | 2.16% | 8.09% | N/A | N/A |
CCAP Crescent Capital BDC, Inc. | -17.14% | -10.13% | -12.15% | 1.11% | 17.60% | N/A |
*Annualized
Monthly Returns
The table below presents the monthly returns of Lack of Strategy Portfolio, 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 | 0.58% | 1.98% | -0.43% | -2.36% | -0.28% | ||||||||
| 2024 | -0.71% | 1.13% | 1.93% | -2.26% | 3.22% | -0.02% | 2.54% | 2.38% | 1.95% | -2.06% | 0.90% | -3.55% | 5.31% |
| 2023 | 1.26% | 0.73% | -0.91% | -2.27% | -1.78% | 5.60% | 3.45% | 6.00% |
Expense Ratio
Lack of Strategy Portfolio has an expense ratio of 0.43%, 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.
DWSH: 3.67%
BTAL: 2.11%
KMLM: 0.90%
FLRT: 0.69%
JAAA: 0.21%
FGDL: 0.15%
FLTR: 0.14%
EDV: 0.06%
JPIE: 0.41%
AGGH: 0.33%
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of Lack of Strategy Portfolio is 68, 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: 0.77
^GSPC: 0.24
Portfolio: 1.07
^GSPC: 0.47
Portfolio: 1.15
^GSPC: 1.07
Portfolio: 0.68
^GSPC: 0.24
Portfolio: 2.10
^GSPC: 1.08
Portfolio components
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 0.02 | 0.16 | 1.02 | 0.02 | 0.03 |
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 0.74 | 1.23 | 1.14 | 1.12 | 2.33 |
FGDL Franklin Responsibly Sourced Gold ETF | 2.38 | 3.16 | 1.41 | 4.85 | 12.99 |
KMLM KFA Mount Lucas Index Strategy ETF | -1.42 | -1.91 | 0.78 | -0.79 | -1.72 |
DWSH AdvisorShares Dorsey Wright Short ETF | 0.77 | 1.23 | 1.17 | 0.78 | 4.33 |
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 2.26 | 2.63 | 1.97 | 2.74 | 20.51 |
FLRT Pacific Global Senior Loan ETF | 1.82 | 2.27 | 1.61 | 1.83 | 10.99 |
JAAA Janus Henderson AAA CLO ETF | 3.19 | 4.03 | 2.25 | 3.79 | 26.75 |
DOW Dow Inc. | -1.40 | -2.25 | 0.71 | -0.87 | -2.09 |
LYB LyondellBasell Industries N.V. | -1.31 | -1.94 | 0.74 | -0.84 | -2.35 |
PFE | -0.35 | -0.34 | 0.96 | -0.22 | -0.71 |
MO Altria Group, Inc. | 2.94 | 4.04 | 1.54 | 5.28 | 12.69 |
RISR | 1.67 | 2.54 | 1.31 | 3.49 | 10.19 |
XLRE | 0.90 | 1.31 | 1.17 | 0.98 | 3.23 |
CWEN Clearway Energy, Inc. | 1.38 | 1.91 | 1.25 | 2.19 | 4.78 |
AQN Algonquin Power & Utilities Corp | 0.03 | 0.25 | 1.03 | 0.02 | 0.05 |
PCG PG&E Corporation | 0.31 | 0.55 | 1.08 | 0.26 | 0.60 |
SBLK | -0.91 | -1.24 | 0.85 | -0.69 | -1.28 |
CIVI Civitas Resources, Inc. | -1.07 | -1.70 | 0.76 | -0.85 | -1.80 |
INSW International Seaways, Inc. | -0.70 | -0.92 | 0.90 | -0.57 | -1.02 |
TGB | -0.24 | 0.07 | 1.01 | -0.34 | -0.55 |
PFF | 0.28 | 0.46 | 1.06 | 0.24 | 0.84 |
PYLD | 2.52 | 3.60 | 1.50 | 3.30 | 12.51 |
AGGH Simplify Aggregate Bond ETF | 0.73 | 1.10 | 1.14 | 1.03 | 2.50 |
JPIE JPMorgan Income ETF | 3.36 | 4.68 | 1.86 | 4.77 | 22.18 |
CCAP Crescent Capital BDC, Inc. | 0.08 | 0.25 | 1.04 | 0.06 | 0.25 |
Lack of Strategy Portfolio
Benchmark (^GSPC)
Portfolio components
Dividends
Dividend yield
Lack of Strategy Portfolio provided a 5.38% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 5.38% | 5.36% | 5.20% | 4.46% | 2.70% | 2.35% | 2.32% | 2.45% | 2.17% | 2.58% | 1.70% | 1.33% |
| Portfolio components: | ||||||||||||
EDV Vanguard Extended Duration Treasury ETF | 4.79% | 4.65% | 3.55% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% | 3.12% |
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 3.10% | 3.49% | 6.14% | 1.00% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% |
FGDL Franklin Responsibly Sourced Gold ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KMLM KFA Mount Lucas Index Strategy ETF | 0.88% | 0.82% | 0.00% | 8.12% | 6.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DWSH AdvisorShares Dorsey Wright Short ETF | 5.09% | 6.17% | 10.28% | 0.00% | 0.00% | 0.00% | 0.14% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% |
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 5.60% | 5.93% | 6.08% | 2.30% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% | 0.66% |
FLRT Pacific Global Senior Loan ETF | 7.93% | 7.93% | 8.40% | 5.81% | 3.16% | 3.52% | 4.30% | 3.95% | 3.20% | 3.38% | 3.21% | 0.00% |
JAAA Janus Henderson AAA CLO ETF | 6.13% | 6.35% | 6.10% | 2.77% | 1.21% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DOW Dow Inc. | 9.95% | 6.98% | 5.11% | 5.56% | 4.94% | 5.05% | 3.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LYB LyondellBasell Industries N.V. | 9.44% | 7.10% | 5.20% | 11.92% | 4.81% | 4.58% | 20.27% | 4.81% | 3.22% | 3.88% | 3.50% | 3.40% |
PFE | 7.63% | 6.33% | 5.70% | 3.12% | 2.64% | 3.91% | 3.68% | 3.12% | 3.53% | 3.69% | 3.47% | 3.34% |
MO Altria Group, Inc. | 6.95% | 7.65% | 9.52% | 8.05% | 7.43% | 8.29% | 6.57% | 6.07% | 3.56% | 3.48% | 3.73% | 4.06% |
RISR | 5.58% | 5.67% | 7.96% | 4.26% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLRE | 3.45% | 3.43% | 3.31% | 3.70% | 2.61% | 3.15% | 3.06% | 3.78% | 3.25% | 4.22% | 1.09% | 0.00% |
CWEN Clearway Energy, Inc. | 5.75% | 6.36% | 5.62% | 4.48% | 3.69% | 3.29% | 4.01% | 7.29% | 5.81% | 5.98% | 4.23% | 0.00% |
AQN Algonquin Power & Utilities Corp | 5.62% | 7.82% | 6.90% | 10.95% | 4.62% | 3.68% | 3.89% | 4.99% | 4.19% | 4.88% | 4.76% | 4.00% |
PCG PG&E Corporation | 0.41% | 0.27% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.46% | 3.17% | 3.42% | 3.42% |
SBLK | 15.52% | 16.72% | 7.38% | 33.80% | 9.93% | 0.57% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CIVI Civitas Resources, Inc. | 8.63% | 5.45% | 5.69% | 6.34% | 2.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INSW International Seaways, Inc. | 15.45% | 16.05% | 13.83% | 3.84% | 9.26% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TGB | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFF | 6.78% | 6.31% | 6.63% | 5.55% | 4.45% | 4.79% | 5.31% | 6.31% | 5.59% | 5.85% | 5.77% | 6.32% |
PYLD | 6.01% | 5.97% | 2.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AGGH Simplify Aggregate Bond ETF | 8.13% | 8.97% | 9.51% | 2.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPIE JPMorgan Income ETF | 5.97% | 6.11% | 5.70% | 4.49% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CCAP Crescent Capital BDC, Inc. | 12.90% | 10.61% | 10.41% | 14.01% | 9.60% | 11.26% | 0.00% | 0.00% | 0.00% | 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.
Lack of Strategy Portfolio
Benchmark (^GSPC)
Portfolio components
Worst Drawdowns
The table below displays the maximum drawdowns of the Lack of Strategy Portfolio. 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 Lack of Strategy Portfolio was 8.50%, occurring on Apr 8, 2025. The portfolio has not yet recovered.
The current Lack of Strategy Portfolio drawdown is 5.17%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -8.5% | Sep 25, 2024 | 134 | Apr 8, 2025 | — | — | — |
| -5.83% | Jul 14, 2023 | 71 | Oct 23, 2023 | 27 | Nov 30, 2023 | 98 |
| -3.09% | Apr 10, 2024 | 5 | Apr 16, 2024 | 17 | May 9, 2024 | 22 |
| -1.92% | Dec 29, 2023 | 25 | Feb 5, 2024 | 17 | Feb 29, 2024 | 42 |
| -1.63% | May 22, 2024 | 5 | May 29, 2024 | 17 | Jun 24, 2024 | 22 |
Volatility
Volatility Chart
The current Lack of Strategy Portfolio volatility is 4.69%, 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.
Lack of Strategy Portfolio
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.
| FLTR | JAAA | KMLM | INSW | SBLK | MO | RISR | FGDL | PFE | FLRT | CIVI | PCG | AGGH | CCAP | BTAL | TGB | LYB | EDV | DOW | CWEN | PYLD | JPIE | AQN | XLRE | DWSH | PFF | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FLTR | 1.00 | 0.16 | -0.03 | 0.02 | 0.10 | 0.02 | 0.03 | -0.02 | 0.05 | 0.11 | 0.10 | 0.04 | 0.03 | 0.05 | -0.10 | 0.06 | 0.09 | -0.02 | 0.08 | 0.07 | 0.00 | 0.04 | 0.04 | 0.08 | -0.11 | 0.10 |
| JAAA | 0.16 | 1.00 | 0.10 | 0.06 | 0.00 | 0.08 | 0.06 | 0.02 | 0.06 | 0.13 | 0.04 | 0.11 | -0.02 | 0.10 | -0.06 | 0.12 | 0.13 | -0.04 | 0.14 | 0.06 | -0.02 | 0.05 | 0.12 | 0.15 | -0.13 | 0.07 |
| KMLM | -0.03 | 0.10 | 1.00 | 0.03 | -0.04 | -0.02 | 0.14 | -0.02 | -0.02 | -0.04 | -0.03 | -0.05 | -0.27 | 0.03 | 0.07 | 0.01 | -0.00 | -0.30 | -0.06 | -0.15 | -0.32 | -0.26 | -0.15 | -0.14 | 0.07 | -0.22 |
| INSW | 0.02 | 0.06 | 0.03 | 1.00 | 0.43 | -0.03 | 0.10 | 0.10 | 0.12 | 0.14 | 0.45 | 0.08 | -0.05 | 0.20 | -0.09 | 0.22 | 0.26 | -0.11 | 0.21 | 0.02 | -0.03 | 0.01 | 0.12 | 0.03 | -0.20 | 0.08 |
| SBLK | 0.10 | 0.00 | -0.04 | 0.43 | 1.00 | -0.03 | 0.08 | 0.10 | 0.07 | 0.17 | 0.25 | 0.07 | -0.02 | 0.15 | -0.17 | 0.28 | 0.25 | -0.04 | 0.25 | 0.12 | 0.06 | 0.11 | 0.20 | 0.09 | -0.21 | 0.19 |
| MO | 0.02 | 0.08 | -0.02 | -0.03 | -0.03 | 1.00 | -0.02 | 0.05 | 0.25 | 0.15 | 0.07 | 0.29 | 0.17 | 0.15 | 0.06 | 0.07 | 0.21 | 0.16 | 0.21 | 0.29 | 0.20 | 0.16 | 0.33 | 0.40 | -0.28 | 0.22 |
| RISR | 0.03 | 0.06 | 0.14 | 0.10 | 0.08 | -0.02 | 1.00 | -0.16 | -0.06 | -0.13 | 0.03 | -0.11 | -0.39 | -0.03 | 0.14 | -0.08 | -0.06 | -0.53 | -0.05 | -0.16 | -0.46 | -0.43 | -0.18 | -0.18 | 0.07 | -0.30 |
| FGDL | -0.02 | 0.02 | -0.02 | 0.10 | 0.10 | 0.05 | -0.16 | 1.00 | 0.05 | 0.10 | 0.23 | 0.17 | 0.18 | 0.15 | -0.19 | 0.44 | 0.15 | 0.20 | 0.16 | 0.22 | 0.28 | 0.30 | 0.25 | 0.19 | -0.21 | 0.26 |
| PFE | 0.05 | 0.06 | -0.02 | 0.12 | 0.07 | 0.25 | -0.06 | 0.05 | 1.00 | 0.22 | 0.12 | 0.23 | 0.10 | 0.17 | -0.09 | 0.10 | 0.24 | 0.16 | 0.25 | 0.32 | 0.19 | 0.18 | 0.31 | 0.38 | -0.37 | 0.25 |
| FLRT | 0.11 | 0.13 | -0.04 | 0.14 | 0.17 | 0.15 | -0.13 | 0.10 | 0.22 | 1.00 | 0.17 | 0.16 | 0.14 | 0.19 | -0.19 | 0.13 | 0.18 | 0.16 | 0.19 | 0.19 | 0.28 | 0.30 | 0.17 | 0.30 | -0.27 | 0.33 |
| CIVI | 0.10 | 0.04 | -0.03 | 0.45 | 0.25 | 0.07 | 0.03 | 0.23 | 0.12 | 0.17 | 1.00 | 0.16 | 0.02 | 0.29 | -0.35 | 0.33 | 0.39 | -0.02 | 0.38 | 0.20 | 0.07 | 0.16 | 0.21 | 0.21 | -0.44 | 0.31 |
| PCG | 0.04 | 0.11 | -0.05 | 0.08 | 0.07 | 0.29 | -0.11 | 0.17 | 0.23 | 0.16 | 0.16 | 1.00 | 0.15 | 0.27 | -0.11 | 0.22 | 0.23 | 0.20 | 0.23 | 0.42 | 0.19 | 0.20 | 0.39 | 0.45 | -0.30 | 0.31 |
| AGGH | 0.03 | -0.02 | -0.27 | -0.05 | -0.02 | 0.17 | -0.39 | 0.18 | 0.10 | 0.14 | 0.02 | 0.15 | 1.00 | 0.11 | -0.14 | 0.07 | 0.06 | 0.65 | 0.07 | 0.26 | 0.65 | 0.53 | 0.27 | 0.33 | -0.18 | 0.38 |
| CCAP | 0.05 | 0.10 | 0.03 | 0.20 | 0.15 | 0.15 | -0.03 | 0.15 | 0.17 | 0.19 | 0.29 | 0.27 | 0.11 | 1.00 | -0.30 | 0.29 | 0.30 | 0.07 | 0.36 | 0.31 | 0.16 | 0.25 | 0.34 | 0.40 | -0.47 | 0.34 |
| BTAL | -0.10 | -0.06 | 0.07 | -0.09 | -0.17 | 0.06 | 0.14 | -0.19 | -0.09 | -0.19 | -0.35 | -0.11 | -0.14 | -0.30 | 1.00 | -0.40 | -0.24 | -0.17 | -0.34 | -0.30 | -0.27 | -0.31 | -0.32 | -0.34 | 0.55 | -0.40 |
| TGB | 0.06 | 0.12 | 0.01 | 0.22 | 0.28 | 0.07 | -0.08 | 0.44 | 0.10 | 0.13 | 0.33 | 0.22 | 0.07 | 0.29 | -0.40 | 1.00 | 0.36 | 0.08 | 0.40 | 0.29 | 0.17 | 0.23 | 0.36 | 0.27 | -0.39 | 0.33 |
| LYB | 0.09 | 0.13 | -0.00 | 0.26 | 0.25 | 0.21 | -0.06 | 0.15 | 0.24 | 0.18 | 0.39 | 0.23 | 0.06 | 0.30 | -0.24 | 0.36 | 1.00 | 0.11 | 0.85 | 0.26 | 0.14 | 0.21 | 0.34 | 0.37 | -0.56 | 0.31 |
| EDV | -0.02 | -0.04 | -0.30 | -0.11 | -0.04 | 0.16 | -0.53 | 0.20 | 0.16 | 0.16 | -0.02 | 0.20 | 0.65 | 0.07 | -0.17 | 0.08 | 0.11 | 1.00 | 0.10 | 0.35 | 0.80 | 0.61 | 0.31 | 0.40 | -0.19 | 0.53 |
| DOW | 0.08 | 0.14 | -0.06 | 0.21 | 0.25 | 0.21 | -0.05 | 0.16 | 0.25 | 0.19 | 0.38 | 0.23 | 0.07 | 0.36 | -0.34 | 0.40 | 0.85 | 0.10 | 1.00 | 0.33 | 0.15 | 0.24 | 0.42 | 0.44 | -0.61 | 0.35 |
| CWEN | 0.07 | 0.06 | -0.15 | 0.02 | 0.12 | 0.29 | -0.16 | 0.22 | 0.32 | 0.19 | 0.20 | 0.42 | 0.26 | 0.31 | -0.30 | 0.29 | 0.26 | 0.35 | 0.33 | 1.00 | 0.37 | 0.35 | 0.52 | 0.51 | -0.43 | 0.40 |
| PYLD | 0.00 | -0.02 | -0.32 | -0.03 | 0.06 | 0.20 | -0.46 | 0.28 | 0.19 | 0.28 | 0.07 | 0.19 | 0.65 | 0.16 | -0.27 | 0.17 | 0.14 | 0.80 | 0.15 | 0.37 | 1.00 | 0.74 | 0.35 | 0.43 | -0.31 | 0.60 |
| JPIE | 0.04 | 0.05 | -0.26 | 0.01 | 0.11 | 0.16 | -0.43 | 0.30 | 0.18 | 0.30 | 0.16 | 0.20 | 0.53 | 0.25 | -0.31 | 0.23 | 0.21 | 0.61 | 0.24 | 0.35 | 0.74 | 1.00 | 0.37 | 0.45 | -0.36 | 0.60 |
| AQN | 0.04 | 0.12 | -0.15 | 0.12 | 0.20 | 0.33 | -0.18 | 0.25 | 0.31 | 0.17 | 0.21 | 0.39 | 0.27 | 0.34 | -0.32 | 0.36 | 0.34 | 0.31 | 0.42 | 0.52 | 0.35 | 0.37 | 1.00 | 0.56 | -0.52 | 0.47 |
| XLRE | 0.08 | 0.15 | -0.14 | 0.03 | 0.09 | 0.40 | -0.18 | 0.19 | 0.38 | 0.30 | 0.21 | 0.45 | 0.33 | 0.40 | -0.34 | 0.27 | 0.37 | 0.40 | 0.44 | 0.51 | 0.43 | 0.45 | 0.56 | 1.00 | -0.60 | 0.55 |
| DWSH | -0.11 | -0.13 | 0.07 | -0.20 | -0.21 | -0.28 | 0.07 | -0.21 | -0.37 | -0.27 | -0.44 | -0.30 | -0.18 | -0.47 | 0.55 | -0.39 | -0.56 | -0.19 | -0.61 | -0.43 | -0.31 | -0.36 | -0.52 | -0.60 | 1.00 | -0.51 |
| PFF | 0.10 | 0.07 | -0.22 | 0.08 | 0.19 | 0.22 | -0.30 | 0.26 | 0.25 | 0.33 | 0.31 | 0.31 | 0.38 | 0.34 | -0.40 | 0.33 | 0.31 | 0.53 | 0.35 | 0.40 | 0.60 | 0.60 | 0.47 | 0.55 | -0.51 | 1.00 |
The correlation results are calculated based on daily price changes starting from Jun 23, 2023