Top Cap
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification
Top Cap
Last updated Nov 15, 2024
Asset Allocation
| Position | Category/Sector | Weight |
|---|---|---|
AAPL Apple Inc | Technology | 4% |
ADBE Adobe Inc | Technology | 4% |
AMGN Amgen Inc. | Healthcare | 4% |
AMZN Amazon.com, Inc. | Consumer Cyclical | 4% |
ASML ASML Holding N.V. | Technology | 4% |
CSCO Cisco Systems, Inc. | Technology | 4% |
DHR Danaher Corporation | Healthcare | 4% |
GOOG Alphabet Inc. | Communication Services | 4% |
INTU Intuit Inc. | Technology | 4% |
LIN Linde plc | Basic Materials | 4% |
LLY Eli Lilly and Company | Healthcare | 4% |
MA Mastercard Inc | Financial Services | 4% |
MSFT Microsoft Corporation | Technology | 4% |
NOW ServiceNow, Inc. | Technology | 4% |
NVDA NVIDIA Corporation | Technology | 4% |
NVO Novo Nordisk A/S | Healthcare | 4% |
ORCL Oracle Corporation | Technology | 4% |
SAP SAP SE | Technology | 4% |
SHEL Shell plc | Energy | 4% |
TMO Thermo Fisher Scientific Inc. | Healthcare | 4% |
TMUS | 4% | |
UNH | 4% | |
V | 4% | |
WFC | 4% | |
WMT | 4% |
Quarterly
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Top Cap, 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
Top Cap
Benchmark (^GSPC)
Portfolio components
The earliest data available for this chart is Apr 3, 2014, corresponding to the inception date of GOOG
Returns By Period
As of Nov 15, 2024, the Top Cap returned 29.81% Year-To-Date and 24.02% 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 | 24.72% | 2.30% | 12.31% | 32.12% | 13.81% | 11.31% |
| Top Cap | 29.81% | 2.43% | 12.45% | 35.32% | 25.07% | 24.02% |
| Portfolio components: | ||||||
MSFT Microsoft Corporation | 14.14% | 1.95% | 1.58% | 16.11% | 24.45% | 26.06% |
AAPL Apple Inc | 19.12% | -2.30% | 20.49% | 21.98% | 28.84% | 24.60% |
GOOG Alphabet Inc. | 26.15% | 6.26% | 1.34% | 30.36% | 21.68% | 20.89% |
AMZN Amazon.com, Inc. | 39.19% | 12.68% | 15.17% | 47.68% | 19.48% | 29.38% |
NVDA NVIDIA Corporation | 196.42% | 11.52% | 55.56% | 200.29% | 96.16% | 77.74% |
LLY Eli Lilly and Company | 35.53% | -13.92% | 2.10% | 34.24% | 49.31% | 30.36% |
V | 19.31% | 10.58% | 10.59% | 25.19% | 12.20% | 18.17% |
UNH | 13.99% | 6.63% | 14.68% | 11.84% | 18.86% | 21.79% |
WMT | 62.31% | 3.45% | 32.34% | 51.27% | 18.19% | 14.05% |
MA Mastercard Inc | 22.72% | 2.60% | 13.73% | 31.90% | 13.79% | 20.90% |
NVO Novo Nordisk A/S | 2.93% | -10.60% | -20.54% | 10.42% | 31.89% | 19.46% |
ASML ASML Holding N.V. | -7.72% | -4.91% | -24.33% | 3.03% | 21.43% | 22.31% |
ORCL Oracle Corporation | 79.59% | 7.44% | 53.90% | 66.00% | 29.12% | 18.20% |
ADBE Adobe Inc | -11.19% | 4.30% | 9.73% | -10.99% | 12.26% | 22.48% |
TMO Thermo Fisher Scientific Inc. | 0.62% | -11.24% | -10.62% | 13.58% | 11.97% | 16.61% |
SAP SAP SE | 51.56% | 0.82% | 21.36% | 57.76% | 13.31% | 14.99% |
SHEL Shell plc | 3.01% | -0.44% | -7.42% | 3.82% | 6.03% | 4.35% |
CSCO Cisco Systems, Inc. | 18.38% | 7.10% | 21.77% | 12.25% | 8.48% | 11.61% |
LIN Linde plc | 11.42% | -5.66% | 6.19% | 13.98% | 18.44% | 15.84% |
TMUS | 49.93% | 9.55% | 46.37% | 64.02% | 25.42% | 24.13% |
DHR Danaher Corporation | 3.80% | -12.21% | -9.43% | 15.48% | 14.03% | 21.70% |
INTU Intuit Inc. | 12.79% | 13.41% | 7.58% | 26.89% | 22.16% | 23.70% |
WFC | 51.82% | 16.17% | 20.83% | 74.43% | 9.12% | 6.16% |
AMGN Amgen Inc. | 5.01% | -8.97% | -5.32% | 11.65% | 9.16% | 9.40% |
NOW ServiceNow, Inc. | 47.18% | 12.05% | 37.17% | 59.75% | 32.01% | 31.94% |
Monthly Returns
The table below presents the monthly returns of Top Cap, 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 | 4.81% | 4.74% | 2.89% | -3.00% | 4.09% | 6.15% | 1.00% | 2.70% | 0.22% | -1.02% | 29.81% | ||
| 2023 | 8.03% | -2.43% | 6.88% | 1.89% | 3.45% | 5.94% | 3.27% | 2.80% | -4.46% | -0.15% | 9.37% | 2.52% | 42.85% |
| 2022 | -5.75% | -2.46% | 4.24% | -8.74% | 0.79% | -6.50% | 9.62% | -5.83% | -9.31% | 10.62% | 7.38% | -5.62% | -13.50% |
| 2021 | -0.11% | 1.51% | 2.80% | 6.63% | 1.64% | 5.48% | 4.89% | 3.55% | -5.05% | 7.88% | -0.99% | 3.43% | 35.76% |
| 2020 | 1.07% | -5.35% | -6.04% | 11.91% | 5.97% | 4.25% | 4.77% | 7.31% | -3.08% | -5.34% | 11.36% | 4.60% | 33.52% |
| 2019 | 7.63% | 4.88% | 4.05% | 3.05% | -4.87% | 7.37% | 1.04% | -0.89% | 0.77% | 3.68% | 4.51% | 3.46% | 39.85% |
| 2018 | 9.38% | -2.44% | -2.29% | 2.32% | 3.68% | 0.58% | 4.54% | 5.59% | 0.77% | -6.68% | 1.19% | -7.38% | 8.22% |
| 2017 | 5.14% | 3.26% | 1.54% | 3.01% | 5.06% | -0.20% | 3.07% | 2.98% | 2.10% | 5.88% | 2.45% | 0.57% | 40.77% |
| 2016 | -4.93% | -1.99% | 7.92% | 0.90% | 4.05% | -0.97% | 9.04% | -0.16% | 1.57% | -1.37% | 1.26% | 2.62% | 18.47% |
| 2015 | -1.12% | 6.94% | -1.44% | 2.45% | 2.34% | -2.33% | 4.87% | -6.27% | -1.10% | 8.83% | 1.86% | -0.29% | 14.68% |
| 2014 | -2.74% | 3.64% | 2.59% | -0.58% | 2.89% | -1.03% | 2.62% | 4.56% | -1.06% | 11.15% |
Expense Ratio
Top Cap 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 risk-adjusted rank of Top Cap is 85, placing it in the top 15% 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 | |
|---|---|---|---|---|---|
MSFT Microsoft Corporation | 0.82 | 1.17 | 1.15 | 1.04 | 2.52 |
AAPL Apple Inc | 0.98 | 1.54 | 1.19 | 1.32 | 3.11 |
GOOG Alphabet Inc. | 1.15 | 1.65 | 1.22 | 1.36 | 3.46 |
AMZN Amazon.com, Inc. | 1.78 | 2.45 | 1.32 | 2.03 | 8.12 |
NVDA NVIDIA Corporation | 3.87 | 3.90 | 1.51 | 7.41 | 23.35 |
LLY Eli Lilly and Company | 1.17 | 1.77 | 1.24 | 1.79 | 5.73 |
V | 1.53 | 2.07 | 1.30 | 2.02 | 5.14 |
UNH | 0.49 | 0.83 | 1.12 | 0.59 | 1.56 |
WMT | 2.72 | 3.61 | 1.56 | 4.74 | 30.19 |
MA Mastercard Inc | 2.03 | 2.69 | 1.37 | 2.70 | 6.72 |
NVO Novo Nordisk A/S | 0.35 | 0.72 | 1.09 | 0.37 | 1.02 |
ASML ASML Holding N.V. | 0.07 | 0.39 | 1.06 | 0.08 | 0.18 |
ORCL Oracle Corporation | 1.98 | 2.87 | 1.42 | 3.21 | 11.84 |
ADBE Adobe Inc | -0.32 | -0.23 | 0.97 | -0.30 | -0.65 |
TMO Thermo Fisher Scientific Inc. | 0.68 | 1.12 | 1.13 | 0.46 | 2.72 |
SAP SAP SE | 2.34 | 3.26 | 1.39 | 5.34 | 17.46 |
SHEL Shell plc | 0.22 | 0.41 | 1.05 | 0.36 | 0.81 |
CSCO Cisco Systems, Inc. | 0.60 | 0.90 | 1.14 | 0.51 | 1.99 |
LIN Linde plc | 0.91 | 1.31 | 1.19 | 1.20 | 2.77 |
TMUS | 4.17 | 5.70 | 1.81 | 12.56 | 30.56 |
DHR Danaher Corporation | 0.70 | 1.21 | 1.14 | 0.54 | 3.13 |
INTU Intuit Inc. | 1.03 | 1.43 | 1.20 | 1.43 | 4.56 |
WFC | 2.58 | 3.58 | 1.49 | 3.06 | 12.75 |
AMGN Amgen Inc. | 0.47 | 0.84 | 1.12 | 0.63 | 1.52 |
NOW ServiceNow, Inc. | 1.81 | 2.34 | 1.34 | 2.86 | 9.66 |
Top Cap
Benchmark (^GSPC)
Portfolio components
Dividends
Dividend yield
Top Cap provided a 1.05% dividend yield over the last twelve months.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.05% | 1.04% | 1.15% | 0.94% | 1.22% | 1.32% | 1.45% | 1.32% | 3.06% | 1.56% | 1.44% | 1.83% |
| Portfolio components: | ||||||||||||
MSFT Microsoft Corporation | 0.53% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% | 2.48% | 2.59% |
AAPL Apple Inc | 0.43% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% | 1.67% | 2.10% |
GOOG Alphabet Inc. | 0.23% | 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% |
NVDA NVIDIA Corporation | 0.02% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% | 1.70% | 1.94% |
LLY Eli Lilly and Company | 0.66% | 0.78% | 1.07% | 1.23% | 1.75% | 1.96% | 1.95% | 2.46% | 2.77% | 2.37% | 2.84% | 3.84% |
V | 0.70% | 0.72% | 0.76% | 0.62% | 0.56% | 0.56% | 0.67% | 0.61% | 0.75% | 0.64% | 0.64% | 0.62% |
UNH | 1.34% | 1.38% | 1.21% | 1.12% | 1.38% | 1.41% | 1.38% | 1.30% | 1.48% | 1.59% | 1.39% | 1.40% |
WMT | 0.96% | 1.45% | 1.58% | 1.52% | 1.50% | 1.78% | 2.23% | 2.07% | 2.89% | 3.20% | 2.24% | 2.39% |
MA Mastercard Inc | 0.51% | 0.53% | 0.56% | 0.49% | 0.45% | 0.44% | 0.53% | 0.58% | 0.74% | 0.66% | 0.51% | 0.25% |
NVO Novo Nordisk A/S | 1.37% | 1.00% | 1.20% | 1.34% | 1.86% | 2.14% | 2.47% | 2.12% | 3.93% | 1.31% | 1.96% | 1.72% |
ASML ASML Holding N.V. | 0.97% | 0.85% | 1.27% | 0.50% | 0.59% | 1.20% | 1.10% | 0.75% | 1.02% | 0.91% | 0.77% | 0.75% |
ORCL Oracle Corporation | 0.86% | 1.44% | 1.57% | 1.38% | 1.48% | 1.72% | 1.68% | 1.52% | 1.56% | 1.56% | 1.07% | 0.63% |
ADBE Adobe 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% |
TMO Thermo Fisher Scientific Inc. | 0.29% | 0.26% | 0.22% | 0.16% | 0.19% | 0.23% | 0.30% | 0.32% | 0.43% | 0.42% | 0.48% | 0.54% |
SAP SAP SE | 1.03% | 1.41% | 2.58% | 1.56% | 1.31% | 1.27% | 1.73% | 1.18% | 1.52% | 1.50% | 3.39% | 1.28% |
SHEL Shell plc | 5.19% | 3.76% | 3.48% | 3.78% | 5.44% | 6.14% | 5.48% | 4.79% | 5.88% | 6.98% | 4.72% | 4.25% |
CSCO Cisco Systems, Inc. | 2.75% | 3.07% | 3.17% | 2.32% | 3.20% | 2.88% | 2.95% | 2.95% | 3.28% | 3.02% | 2.66% | 2.27% |
LIN Linde plc | 1.20% | 1.24% | 1.43% | 1.22% | 1.46% | 1.64% | 2.11% | 2.04% | 2.56% | 2.79% | 2.01% | 1.85% |
TMUS | 1.09% | 0.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 12.04% |
DHR Danaher Corporation | 0.44% | 0.43% | 0.38% | 0.26% | 0.32% | 0.44% | 0.62% | 0.60% | 36.46% | 0.80% | 0.47% | 0.13% |
INTU Intuit Inc. | 0.53% | 0.52% | 0.72% | 0.38% | 0.42% | 0.74% | 0.83% | 0.89% | 1.08% | 1.09% | 0.89% | 0.92% |
WFC | 2.06% | 2.64% | 2.66% | 1.25% | 4.04% | 3.57% | 3.56% | 2.54% | 2.75% | 2.71% | 2.46% | 2.53% |
AMGN Amgen Inc. | 3.00% | 2.96% | 2.95% | 3.13% | 2.78% | 2.41% | 2.71% | 2.65% | 2.74% | 1.95% | 1.53% | 1.65% |
NOW ServiceNow, 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% |
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.
Top Cap
Benchmark (^GSPC)
Portfolio components
Worst Drawdowns
The table below displays the maximum drawdowns of the Top Cap. 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 Top Cap was 27.50%, occurring on Mar 23, 2020. Recovery took 52 trading sessions.
The current Top Cap drawdown is 0.82%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.5% | Feb 20, 2020 | 23 | Mar 23, 2020 | 52 | Jun 5, 2020 | 75 |
| -23.65% | Dec 28, 2021 | 192 | Sep 30, 2022 | 158 | May 18, 2023 | 350 |
| -19.16% | Oct 2, 2018 | 58 | Dec 24, 2018 | 54 | Mar 14, 2019 | 112 |
| -13.96% | Dec 30, 2015 | 28 | Feb 9, 2016 | 44 | Apr 13, 2016 | 72 |
| -11.68% | Aug 11, 2015 | 11 | Aug 25, 2015 | 42 | Oct 23, 2015 | 53 |
Volatility
Volatility Chart
The current Top Cap volatility is 3.43%, 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.
Top Cap
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.
| SHEL | WMT | LLY | NVO | WFC | UNH | TMUS | AMGN | NVDA | LIN | DHR | NOW | ORCL | AMZN | AAPL | SAP | TMO | CSCO | ASML | GOOG | V | ADBE | INTU | MA | MSFT | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SHEL | 1.00 | 0.15 | 0.16 | 0.17 | 0.40 | 0.22 | 0.20 | 0.21 | 0.20 | 0.39 | 0.20 | 0.16 | 0.28 | 0.20 | 0.24 | 0.31 | 0.21 | 0.33 | 0.31 | 0.26 | 0.30 | 0.20 | 0.21 | 0.32 | 0.25 |
| WMT | 0.15 | 1.00 | 0.25 | 0.20 | 0.21 | 0.29 | 0.26 | 0.27 | 0.21 | 0.29 | 0.29 | 0.16 | 0.30 | 0.26 | 0.26 | 0.26 | 0.29 | 0.32 | 0.22 | 0.27 | 0.28 | 0.25 | 0.29 | 0.28 | 0.30 |
| LLY | 0.16 | 0.25 | 1.00 | 0.42 | 0.19 | 0.35 | 0.26 | 0.45 | 0.22 | 0.28 | 0.34 | 0.25 | 0.32 | 0.25 | 0.26 | 0.29 | 0.35 | 0.31 | 0.24 | 0.29 | 0.30 | 0.28 | 0.31 | 0.29 | 0.33 |
| NVO | 0.17 | 0.20 | 0.42 | 1.00 | 0.17 | 0.26 | 0.25 | 0.35 | 0.26 | 0.29 | 0.33 | 0.31 | 0.30 | 0.26 | 0.26 | 0.37 | 0.38 | 0.26 | 0.34 | 0.30 | 0.31 | 0.33 | 0.33 | 0.31 | 0.33 |
| WFC | 0.40 | 0.21 | 0.19 | 0.17 | 1.00 | 0.32 | 0.27 | 0.30 | 0.27 | 0.41 | 0.32 | 0.22 | 0.36 | 0.25 | 0.30 | 0.31 | 0.31 | 0.40 | 0.34 | 0.32 | 0.41 | 0.25 | 0.34 | 0.41 | 0.32 |
| UNH | 0.22 | 0.29 | 0.35 | 0.26 | 0.32 | 1.00 | 0.29 | 0.40 | 0.23 | 0.36 | 0.38 | 0.25 | 0.32 | 0.25 | 0.31 | 0.26 | 0.40 | 0.36 | 0.27 | 0.32 | 0.38 | 0.30 | 0.31 | 0.37 | 0.33 |
| TMUS | 0.20 | 0.26 | 0.26 | 0.25 | 0.27 | 0.29 | 1.00 | 0.30 | 0.32 | 0.33 | 0.31 | 0.36 | 0.32 | 0.35 | 0.32 | 0.31 | 0.32 | 0.37 | 0.30 | 0.35 | 0.38 | 0.37 | 0.36 | 0.37 | 0.37 |
| AMGN | 0.21 | 0.27 | 0.45 | 0.35 | 0.30 | 0.40 | 0.30 | 1.00 | 0.25 | 0.34 | 0.42 | 0.29 | 0.34 | 0.30 | 0.33 | 0.32 | 0.45 | 0.41 | 0.31 | 0.35 | 0.37 | 0.33 | 0.35 | 0.35 | 0.36 |
| NVDA | 0.20 | 0.21 | 0.22 | 0.26 | 0.27 | 0.23 | 0.32 | 0.25 | 1.00 | 0.35 | 0.38 | 0.53 | 0.43 | 0.53 | 0.52 | 0.45 | 0.40 | 0.44 | 0.62 | 0.52 | 0.43 | 0.57 | 0.54 | 0.46 | 0.58 |
| LIN | 0.39 | 0.29 | 0.28 | 0.29 | 0.41 | 0.36 | 0.33 | 0.34 | 0.35 | 1.00 | 0.47 | 0.37 | 0.45 | 0.33 | 0.41 | 0.48 | 0.47 | 0.49 | 0.48 | 0.42 | 0.50 | 0.41 | 0.44 | 0.52 | 0.46 |
| DHR | 0.20 | 0.29 | 0.34 | 0.33 | 0.32 | 0.38 | 0.31 | 0.42 | 0.38 | 0.47 | 1.00 | 0.45 | 0.42 | 0.37 | 0.42 | 0.42 | 0.74 | 0.47 | 0.44 | 0.42 | 0.47 | 0.47 | 0.51 | 0.48 | 0.49 |
| NOW | 0.16 | 0.16 | 0.25 | 0.31 | 0.22 | 0.25 | 0.36 | 0.29 | 0.53 | 0.37 | 0.45 | 1.00 | 0.46 | 0.56 | 0.47 | 0.48 | 0.47 | 0.43 | 0.49 | 0.52 | 0.50 | 0.66 | 0.61 | 0.51 | 0.59 |
| ORCL | 0.28 | 0.30 | 0.32 | 0.30 | 0.36 | 0.32 | 0.32 | 0.34 | 0.43 | 0.45 | 0.42 | 0.46 | 1.00 | 0.43 | 0.45 | 0.48 | 0.42 | 0.51 | 0.45 | 0.47 | 0.48 | 0.51 | 0.51 | 0.51 | 0.56 |
| AMZN | 0.20 | 0.26 | 0.25 | 0.26 | 0.25 | 0.25 | 0.35 | 0.30 | 0.53 | 0.33 | 0.37 | 0.56 | 0.43 | 1.00 | 0.55 | 0.47 | 0.40 | 0.43 | 0.49 | 0.67 | 0.48 | 0.61 | 0.55 | 0.50 | 0.64 |
| AAPL | 0.24 | 0.26 | 0.26 | 0.26 | 0.30 | 0.31 | 0.32 | 0.33 | 0.52 | 0.41 | 0.42 | 0.47 | 0.45 | 0.55 | 1.00 | 0.46 | 0.43 | 0.49 | 0.52 | 0.57 | 0.48 | 0.54 | 0.52 | 0.49 | 0.62 |
| SAP | 0.31 | 0.26 | 0.29 | 0.37 | 0.31 | 0.26 | 0.31 | 0.32 | 0.45 | 0.48 | 0.42 | 0.48 | 0.48 | 0.47 | 0.46 | 1.00 | 0.43 | 0.45 | 0.60 | 0.49 | 0.49 | 0.52 | 0.52 | 0.51 | 0.54 |
| TMO | 0.21 | 0.29 | 0.35 | 0.38 | 0.31 | 0.40 | 0.32 | 0.45 | 0.40 | 0.47 | 0.74 | 0.47 | 0.42 | 0.40 | 0.43 | 0.43 | 1.00 | 0.47 | 0.47 | 0.44 | 0.48 | 0.50 | 0.50 | 0.48 | 0.50 |
| CSCO | 0.33 | 0.32 | 0.31 | 0.26 | 0.40 | 0.36 | 0.37 | 0.41 | 0.44 | 0.49 | 0.47 | 0.43 | 0.51 | 0.43 | 0.49 | 0.45 | 0.47 | 1.00 | 0.48 | 0.48 | 0.51 | 0.50 | 0.51 | 0.52 | 0.54 |
| ASML | 0.31 | 0.22 | 0.24 | 0.34 | 0.34 | 0.27 | 0.30 | 0.31 | 0.62 | 0.48 | 0.44 | 0.49 | 0.45 | 0.49 | 0.52 | 0.60 | 0.47 | 0.48 | 1.00 | 0.51 | 0.48 | 0.55 | 0.54 | 0.50 | 0.57 |
| GOOG | 0.26 | 0.27 | 0.29 | 0.30 | 0.32 | 0.32 | 0.35 | 0.35 | 0.52 | 0.42 | 0.42 | 0.52 | 0.47 | 0.67 | 0.57 | 0.49 | 0.44 | 0.48 | 0.51 | 1.00 | 0.55 | 0.61 | 0.57 | 0.55 | 0.68 |
| V | 0.30 | 0.28 | 0.30 | 0.31 | 0.41 | 0.38 | 0.38 | 0.37 | 0.43 | 0.50 | 0.47 | 0.50 | 0.48 | 0.48 | 0.48 | 0.49 | 0.48 | 0.51 | 0.48 | 0.55 | 1.00 | 0.58 | 0.57 | 0.85 | 0.58 |
| ADBE | 0.20 | 0.25 | 0.28 | 0.33 | 0.25 | 0.30 | 0.37 | 0.33 | 0.57 | 0.41 | 0.47 | 0.66 | 0.51 | 0.61 | 0.54 | 0.52 | 0.50 | 0.50 | 0.55 | 0.61 | 0.58 | 1.00 | 0.69 | 0.58 | 0.70 |
| INTU | 0.21 | 0.29 | 0.31 | 0.33 | 0.34 | 0.31 | 0.36 | 0.35 | 0.54 | 0.44 | 0.51 | 0.61 | 0.51 | 0.55 | 0.52 | 0.52 | 0.50 | 0.51 | 0.54 | 0.57 | 0.57 | 0.69 | 1.00 | 0.60 | 0.66 |
| MA | 0.32 | 0.28 | 0.29 | 0.31 | 0.41 | 0.37 | 0.37 | 0.35 | 0.46 | 0.52 | 0.48 | 0.51 | 0.51 | 0.50 | 0.49 | 0.51 | 0.48 | 0.52 | 0.50 | 0.55 | 0.85 | 0.58 | 0.60 | 1.00 | 0.59 |
| MSFT | 0.25 | 0.30 | 0.33 | 0.33 | 0.32 | 0.33 | 0.37 | 0.36 | 0.58 | 0.46 | 0.49 | 0.59 | 0.56 | 0.64 | 0.62 | 0.54 | 0.50 | 0.54 | 0.57 | 0.68 | 0.58 | 0.70 | 0.66 | 0.59 | 1.00 |
The correlation results are calculated based on daily price changes starting from Apr 4, 2014