| 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 |
0.99 |
0.84 |
-0.39 |
-0.88 |
0.88 |
0.13 |
0.86 |
|
7.35 |
1.23 |
| CRISIL 1 Yr T-Bill |
AC2 |
0.99 |
1.00 |
0.80 |
-0.47 |
-0.86 |
0.90 |
0.14 |
0.83 |
|
6.05 |
0.33 |
| Emerging Market |
AC3 |
0.84 |
0.80 |
1.00 |
0.46 |
-0.89 |
0.91 |
0.87 |
1.00 |
|
11.14 |
69.73 |
| Equity India |
AC4 |
-0.39 |
-0.47 |
0.46 |
1.00 |
-0.02 |
-0.31 |
-0.09 |
0.43 |
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9.85 |
20.51 |
| Gilt 10 years |
AC5 |
-0.88 |
-0.86 |
-0.89 |
-0.02 |
1.00 |
-0.89 |
-0.20 |
-0.91 |
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-10.64 |
10.21 |
| Gold |
AC6 |
0.88 |
0.90 |
0.91 |
-0.31 |
-0.89 |
1.00 |
0.29 |
0.93 |
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31.85 |
19.33 |
| Silver |
AC7 |
0.13 |
0.14 |
0.87 |
-0.09 |
-0.20 |
0.29 |
1.00 |
0.87 |
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5.58 |
427.11 |
| World Index |
AC8 |
0.86 |
0.83 |
1.00 |
0.43 |
-0.91 |
0.93 |
0.87 |
1.00 |
|
12.36 |
69.16 |
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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. |
34.04% |
| Portfolio Return |
9.19% |
| Start Date |
02 Jun 2024 |
| End Date |
30 May 2025 |
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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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