Correlated Assets

Assets that tend to move strongly with PHB

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  FEZ  SPDR EURO Stoxx 50 (0.56)

  IEMG  BTC iShares Core MSCI Eme (0.53)

  ECL  Ecolab (0.53)

  TRI  Thomson-Reuters (0.53)

  ARR  ARMOUR Residential REIT (0.53)

Uncorrelated Assets

Assets with little price relationship to PHB

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  TAN  Invesco Solar (0.0)

  DDD  3D Systems (0.0)

  CNP  Centerpoint Energy (0.0)

  AGEN  Agenus (-0.01)

  COLB  Columbia Banking System (0.01)

Anticorrelated Assets

Assets that tend to move strongly against PHB

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  AEHR  Aehr Test Systems (-0.31)

  VXX  iPath Series B S&P 500 VIX Short-Term Futures (-0.31)

  NBR  Nabors Industries (-0.34)

  EA  Electronic Arts (-0.35)

  KOLD  ProShares UltraShort Bloomberg Natural Gas (-0.43)

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