# 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?

Correlation metrics are proprietary metrics that are unavailable in the free version of our platform. Click the link below to unlock access by purchasing a paid membership.

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 9mo ago