Average Correlations
Average correlations measure the mean of half of a correlation matrix of assets. They answer the question: is the variability of returns of group of assets linearly related?
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Data updates at 5PM EST
An Average Pearson Correlation of S&P500 sector returns over a chosen lookback period. The sectors included in this calculation include
XLU (Utilities), XLE (Energy), XLP (Consumer Staples), XLF (Financials), XLI (Industrials), XLRE (Real Estate), XLB (Materials), XLV (Healthcare), XLY (Consumer Discretionary), XLK (Technology). This is a proprietary metric native to the Tradewell platform.An Average Pearson Correlation of returns of asset categories representing elements of a typical balanced portfolio over a chosen lookback period. The asset categories included in this calculation include
SPY (US Equities), EEM (Emerging Markets), GLD (Gold), TLT (US Treasuries) and HYG (High Yield). This is a proprietary metric native to the Tradewell platform.An Average Pearson Correlation of commodity category returns over a chosen lookback period. The categories included in this calculation include
DBA (agriculture), DBE (energy), DBP (precious metals) and DBB (base metals). This is a proprietary metric native to the Tradewell platform.An Average Pearson Correlation of FAANG stock returns over a chosen lookback period. The stocks included in this calculation are
FB (Facebook), AAPL (Apple), AMZN (Amazon), NFLX (Netflix) and GOOG (Google). This is a proprietary metric native to the Tradewell platform.An Average Pearson Correlation of global debt returns over a chosen lookback period. The global debt included in this calculation include
TLT (US Treasuries), EMB (Emerging Market Debt), IGOV (European Treasuries) and HYG (High Yield). This is a proprietary metric native to the Tradewell platform.An Average Pearson Correlation of precious metal returns over a chosen lookback period. The precious metals included in this calculation include
GLD (gold), SLV (silver), PALL (palladium) and PPLT (Platinum). This is a proprietary metric native to the Tradewell platform.An Average Pearson Correlation of traditional safe haven asset returns over a chosen lookback period. The assets included in this calculation include
TLT (US treasuries), GLD (gold), FXY (Japanese Yen), FXS (Swiss Franc), XLP (Consumer Staples) and XLU (Utilities). This is a proprietary metric native to the Tradewell platform.An Average Pearson Correlation of US equity index returns over a chosen lookback period. The equity indices included in this calculation include
SPY (S&P500), QQQ (Nasdaq100), IWM (Russel5000) and DIA (Dow Jones Industrial Average). This is a proprietary metric native to the Tradewell platform.Last modified 1yr ago