Correlated Assets

Assets that tend to move strongly with HXL

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  AMCX  AMC Networks (0.79)

  BBWI  Bath & Body Works (0.78)

  AAP  Advance Auto Parts (0.77)

  ANET  Arista Networks (0.76)

  DECK  Deckers Outdoor (0.75)

Uncorrelated Assets

Assets with little price relationship to HXL

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  EIX  Edison International (0.0)

  UPST  Upstart (-0.01)

  CPS  Cooper-Standard (0.02)

  EXAS  Exact Sciences (0.02)

  FAST  Fastenal (0.02)

Anticorrelated Assets

Assets that tend to move strongly against HXL

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  BABA  Alibaba (-0.6)

  FNF  Fidelity National Financial (-0.61)

  KO  Coca-Cola (-0.64)

  SCO  ProShares UltraShort Bloomberg Crude Oil (-0.69)

  VIXY  ProShares VIX Short-Term Futures (-0.81)

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