Correlated Assets

Assets that tend to move strongly with POWW

---

  EC  Ecopetrol SA (0.88)

  PTEN  Patterson-UTI Energy (0.82)

  OVV  Ovintiv (0.75)

  NFE  New Fortress Energy (0.73)

  WBA  Walgreens Boots Alliance (0.72)

Uncorrelated Assets

Assets with little price relationship to POWW

---

  WMG  Warner Music (-0.0)

  CL  Colgate-Palmolive (-0.01)

  BAH  Booz Allen Hamilton (0.01)

  LEN  Lennar (-0.01)

  VOD  Vodafone (-0.02)

Anticorrelated Assets

Assets that tend to move strongly against POWW

---

  TW  Tradeweb Markets (-0.74)

  TT  Trane (-0.74)

  MSI  Motorola (-0.74)

  RY  Royal Bank Of Canada (-0.75)

  IBN  ICICI (-0.77)

---