| Your Current Location : Correlation : Asset Class Correlation |
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Asset Class Correlation Matrix |
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| The following table shows return correlations between various Asset Classes over the past 1 Year. |
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AC1 |
AC2 |
AC3 |
AC4 |
AC5 |
AC6 |
AC7 |
AC8 |
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Return |
SD |
| Corporate Bond |
AC1 |
1.00 |
0.97 |
0.98 |
0.95 |
-0.01 |
0.77 |
-0.08 |
0.98 |
|
7.13 |
1.43 |
| CRISIL 1 Yr T-Bill |
AC2 |
0.97 |
1.00 |
0.98 |
0.95 |
0.19 |
0.72 |
-0.06 |
0.98 |
|
6.98 |
0.62 |
| Emerging Market |
AC3 |
0.98 |
0.98 |
1.00 |
0.97 |
0.68 |
0.80 |
-0.21 |
1.00 |
|
15.67 |
28.72 |
| Equity India |
AC4 |
0.95 |
0.95 |
0.97 |
1.00 |
0.03 |
0.69 |
-0.05 |
0.98 |
|
24.84 |
12.00 |
| Gilt 10 years |
AC5 |
-0.01 |
0.19 |
0.68 |
0.03 |
1.00 |
-0.13 |
0.04 |
0.69 |
|
-0.41 |
8.16 |
| Gold |
AC6 |
0.77 |
0.72 |
0.80 |
0.69 |
-0.13 |
1.00 |
0.05 |
0.82 |
|
21.49 |
12.58 |
| Silver |
AC7 |
-0.08 |
-0.06 |
-0.21 |
-0.05 |
0.04 |
0.05 |
1.00 |
-0.21 |
|
12.09 |
797.53 |
| World Index |
AC8 |
0.98 |
0.98 |
1.00 |
0.98 |
0.69 |
0.82 |
-0.21 |
1.00 |
|
17.26 |
31.51 |
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Note :
- Returns upto 1 year are absolute and over 1 year are compounded and annualised.
- Standard Deviations are calculated on daily return basis for the given period and are annualised.
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Intra-Portfolio Diversification 
Diversification can be quantified as the intra-portfolio correlation. This indicate Percent of diversifiable risk eliminated. |
21.15% |
| Portfolio Return |
13.13% |
| Start Date |
19 Apr 2023 |
| End Date |
18 Apr 2024 |
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| Each cell represents the correlation between the two corresponding assets. |
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| Cell Color |
Description |
Diversification Benefit |
| -1.00 to -0.40 |
Asset pair with negative correlation |
Excellent Diversification |
| -0.40 to 0.00 |
Asset pair with slight negative correlation |
Good Diversification |
| 0.00 to 0.60 |
Asset pair with mild positive correlation |
Moderate Diversification |
| 0.60 to 1.00 |
Asset pair with strong positive correlation |
Poor Diversification |
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