Asset Class Returns

		Chg (%)		Return (%)		Return (%) - Jun 30, 2026									St.Dev. (%)				Ann. Return / St.Dev.				Max Drawdown (%)			Return / Drawdown			Ulcer Index			YTD(%)	Yearly Returns (%)							5 Years				10 Years				30 Years				5 Years	Risk - 5 Years		Max Drawdown - 5 Years				10 Years	Risk - 10 Years		Max Drawdown - 10 Years				30 Years	Risk - 30 Years		Max Drawdown - 30 Years
Ticker	USD • ETF	Daily	Time(ET)	Jul 2026	Jun 2026	1M	3M	6M	1Y	3Y	5Y	10Y	20Y	30Y▾	1Y	5Y	10Y	30Y	1Y	5Y	10Y	30Y	5Y	10Y	30Y	5Y	10Y	30Y	5Y	10Y	30Y	2026	2025	2024	2023	2022	2021	2020	2019	StDev	MaxDD	Und	Return	StDev	MaxDD	Und	Return	StDev	MaxDD	Und	Return	Annualized Return (%)	Std Dev (%)	Return / St.Dev	Depth (%)	Length (Months)	Return / Depth	Ulcer Index	Annualized Return (%)	Std Dev (%)	Return / St.Dev	Depth (%)	Length (Months)	Return / Depth	Ulcer Index	Annualized Return (%)	Std Dev (%)	Return / St.Dev	Depth (%)	Length (Months)	Return / Depth	Ulcer Index

For further information about the market seasonality, check the Asset Class Seasonality page.

Readings that may interest you

Correlations as of 30 June 2026

Monthly correlations are calculated over different timeframes.

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ASSET CLASSES MONTHLY CORRELATIONS - USD CURRENCY

Last Update as of 30 June 2026

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	VTI	SPY	IJH	IJR	VNQ	QQQ	PFF	EFA	VT	EEM	BND	TLT	BIL	TIP	LQD	HYG	CWB	BNDX	EMB	GLD	DBC
VTI	-	1.00	0.71	0.60	0.62	0.95	0.80	0.62	0.96	0.84	0.34	0.21	0.19	0.58	0.46	0.80	0.91	0.46	0.76	0.22	-0.17
SPY	1.00	-	0.67	0.56	0.59	0.96	0.81	0.60	0.95	0.83	0.31	0.18	0.21	0.56	0.44	0.78	0.91	0.43	0.74	0.23	-0.13
IJH	0.71	0.67	-	0.90	0.95	0.54	0.63	0.82	0.81	0.77	0.57	0.41	-0.21	0.73	0.57	0.74	0.61	0.63	0.74	0.27	-0.31
IJR	0.60	0.56	0.90	-	0.86	0.44	0.48	0.68	0.66	0.58	0.40	0.21	-0.18	0.61	0.39	0.73	0.48	0.37	0.56	0.07	-0.26
VNQ	0.62	0.59	0.95	0.86	-	0.42	0.59	0.76	0.73	0.69	0.61	0.45	-0.28	0.80	0.59	0.72	0.50	0.55	0.69	0.33	-0.14
QQQ	0.95	0.96	0.54	0.44	0.42	-	0.66	0.45	0.86	0.77	0.17	0.13	0.15	0.39	0.31	0.62	0.93	0.37	0.62	0.05	-0.13
PFF	0.80	0.81	0.63	0.48	0.59	0.66	-	0.62	0.83	0.76	0.26	0.04	0.32	0.59	0.37	0.77	0.73	0.30	0.61	0.51	0.13
EFA	0.62	0.60	0.82	0.68	0.76	0.45	0.62	-	0.82	0.86	0.75	0.53	0.03	0.80	0.69	0.77	0.54	0.75	0.83	0.62	-0.34
VT	0.96	0.95	0.81	0.66	0.73	0.86	0.83	0.82	-	0.95	0.52	0.36	0.14	0.72	0.59	0.85	0.88	0.62	0.85	0.41	-0.21
EEM	0.84	0.83	0.77	0.58	0.69	0.77	0.76	0.86	0.95	-	0.57	0.50	0.03	0.69	0.62	0.73	0.87	0.73	0.81	0.52	-0.17
BND	0.34	0.31	0.57	0.40	0.61	0.17	0.26	0.75	0.52	0.57	-	0.89	0.08	0.82	0.93	0.52	0.26	0.85	0.81	0.67	-0.49
TLT	0.21	0.18	0.41	0.21	0.45	0.13	0.04	0.53	0.36	0.50	0.89	-	-0.14	0.60	0.87	0.23	0.26	0.86	0.64	0.54	-0.43
BIL	0.19	0.21	-0.21	-0.18	-0.28	0.15	0.32	0.03	0.14	0.03	0.08	-0.14	-	0.16	0.07	0.20	0.12	-0.01	0.28	0.23	-0.15
TIP	0.58	0.56	0.73	0.61	0.80	0.39	0.59	0.80	0.72	0.69	0.82	0.60	0.16	-	0.76	0.68	0.52	0.69	0.81	0.62	-0.15
LQD	0.46	0.44	0.57	0.39	0.59	0.31	0.37	0.69	0.59	0.62	0.93	0.87	0.07	0.76	-	0.61	0.40	0.79	0.77	0.68	-0.47
HYG	0.80	0.78	0.74	0.73	0.72	0.62	0.77	0.77	0.85	0.73	0.52	0.23	0.20	0.68	0.61	-	0.59	0.36	0.73	0.47	-0.23
CWB	0.91	0.91	0.61	0.48	0.50	0.93	0.73	0.54	0.88	0.87	0.26	0.26	0.12	0.52	0.40	0.59	-	0.49	0.62	0.23	-0.01
BNDX	0.46	0.43	0.63	0.37	0.55	0.37	0.30	0.75	0.62	0.73	0.85	0.86	-0.01	0.69	0.79	0.36	0.49	-	0.83	0.52	-0.52
EMB	0.76	0.74	0.74	0.56	0.69	0.62	0.61	0.83	0.85	0.81	0.81	0.64	0.28	0.81	0.77	0.73	0.62	0.83	-	0.51	-0.47
GLD	0.22	0.23	0.27	0.07	0.33	0.05	0.51	0.62	0.41	0.52	0.67	0.54	0.23	0.62	0.68	0.47	0.23	0.52	0.51	-	0.09
DBC	-0.17	-0.13	-0.31	-0.26	-0.14	-0.13	0.13	-0.34	-0.21	-0.17	-0.49	-0.43	-0.15	-0.15	-0.47	-0.23	-0.01	-0.52	-0.47	0.09	-

	VTI	SPY	IJH	IJR	VNQ	QQQ	PFF	EFA	VT	EEM	BND	TLT	BIL	TIP	LQD	HYG	CWB	BNDX	EMB	GLD	DBC
VTI	-	1.00	0.90	0.83	0.82	0.92	0.77	0.79	0.97	0.65	0.63	0.57	0.19	0.68	0.72	0.82	0.88	0.68	0.79	0.16	0.09
SPY	1.00	-	0.88	0.79	0.81	0.93	0.76	0.79	0.97	0.65	0.63	0.56	0.17	0.68	0.72	0.82	0.86	0.67	0.79	0.17	0.10
IJH	0.90	0.88	-	0.96	0.85	0.72	0.74	0.79	0.90	0.59	0.59	0.54	0.10	0.64	0.67	0.80	0.83	0.62	0.74	0.15	0.12
IJR	0.83	0.79	0.96	-	0.80	0.65	0.67	0.71	0.82	0.54	0.56	0.50	0.10	0.59	0.63	0.75	0.80	0.59	0.68	0.07	0.09
VNQ	0.82	0.81	0.85	0.80	-	0.66	0.77	0.80	0.85	0.60	0.72	0.70	0.06	0.75	0.76	0.76	0.74	0.68	0.79	0.29	0.09
QQQ	0.92	0.93	0.72	0.65	0.66	-	0.69	0.67	0.88	0.61	0.58	0.54	0.22	0.61	0.66	0.72	0.84	0.67	0.71	0.10	-0.03
PFF	0.77	0.76	0.74	0.67	0.77	0.69	-	0.76	0.81	0.64	0.72	0.65	0.17	0.62	0.78	0.78	0.72	0.62	0.79	0.22	0.10
EFA	0.79	0.79	0.79	0.71	0.80	0.67	0.76	-	0.91	0.79	0.77	0.66	0.21	0.74	0.82	0.83	0.70	0.70	0.90	0.44	0.09
VT	0.97	0.97	0.90	0.82	0.85	0.88	0.81	0.91	-	0.78	0.72	0.64	0.22	0.72	0.79	0.85	0.87	0.72	0.88	0.29	0.11
EEM	0.65	0.65	0.59	0.54	0.60	0.61	0.64	0.79	0.78	-	0.64	0.59	0.28	0.52	0.67	0.58	0.70	0.55	0.79	0.47	0.13
BND	0.63	0.63	0.59	0.56	0.72	0.58	0.72	0.77	0.72	0.64	-	0.94	0.25	0.86	0.98	0.78	0.59	0.88	0.86	0.40	-0.13
TLT	0.57	0.56	0.54	0.50	0.70	0.54	0.65	0.66	0.64	0.59	0.94	-	0.16	0.78	0.91	0.62	0.56	0.82	0.78	0.37	-0.19
BIL	0.19	0.17	0.10	0.10	0.06	0.22	0.17	0.21	0.22	0.28	0.25	0.16	-	0.10	0.25	0.24	0.28	0.28	0.34	0.19	-0.21
TIP	0.68	0.68	0.64	0.59	0.75	0.61	0.62	0.74	0.72	0.52	0.86	0.78	0.10	-	0.85	0.80	0.58	0.83	0.74	0.39	0.06
LQD	0.72	0.72	0.67	0.63	0.76	0.66	0.78	0.82	0.79	0.67	0.98	0.91	0.25	0.85	-	0.85	0.65	0.88	0.91	0.36	-0.07
HYG	0.82	0.82	0.80	0.75	0.76	0.72	0.78	0.83	0.85	0.58	0.78	0.62	0.24	0.80	0.85	-	0.69	0.79	0.85	0.23	0.10
CWB	0.88	0.86	0.83	0.80	0.74	0.84	0.72	0.70	0.87	0.70	0.59	0.56	0.28	0.58	0.65	0.69	-	0.61	0.72	0.21	0.06
BNDX	0.68	0.67	0.62	0.59	0.68	0.67	0.62	0.70	0.72	0.55	0.88	0.82	0.28	0.83	0.88	0.79	0.61	-	0.78	0.35	-0.24
EMB	0.79	0.79	0.74	0.68	0.79	0.71	0.79	0.90	0.88	0.79	0.86	0.78	0.34	0.74	0.91	0.85	0.72	0.78	-	0.35	-0.01
GLD	0.16	0.17	0.15	0.07	0.29	0.10	0.22	0.44	0.29	0.47	0.40	0.37	0.19	0.39	0.36	0.23	0.21	0.35	0.35	-	0.10
DBC	0.09	0.10	0.12	0.09	0.09	-0.03	0.10	0.09	0.11	0.13	-0.13	-0.19	-0.21	0.06	-0.07	0.10	0.06	-0.24	-0.01	0.10	-

	VTI	SPY	IJH	IJR	VNQ	QQQ	PFF	EFA	VT	EEM	BND	TLT	BIL	TIP	LQD	HYG	CWB	BNDX	EMB	GLD	DBC
VTI	-	1.00	0.93	0.86	0.79	0.91	0.76	0.83	0.97	0.69	0.44	0.18	-0.01	0.54	0.61	0.82	0.88	0.48	0.70	0.12	0.36
SPY	1.00	-	0.90	0.83	0.78	0.92	0.75	0.83	0.97	0.68	0.44	0.18	-0.01	0.54	0.61	0.81	0.86	0.48	0.70	0.13	0.35
IJH	0.93	0.90	-	0.96	0.81	0.74	0.73	0.81	0.92	0.65	0.37	0.10	-0.07	0.46	0.54	0.80	0.84	0.42	0.66	0.07	0.40
IJR	0.86	0.83	0.96	-	0.76	0.67	0.65	0.75	0.85	0.60	0.32	0.06	-0.09	0.41	0.49	0.75	0.81	0.38	0.58	-0.02	0.39
VNQ	0.79	0.78	0.81	0.76	-	0.63	0.78	0.75	0.80	0.58	0.61	0.42	-0.02	0.67	0.70	0.76	0.70	0.59	0.73	0.22	0.28
QQQ	0.91	0.92	0.74	0.67	0.63	-	0.68	0.71	0.87	0.65	0.46	0.26	0.02	0.54	0.58	0.70	0.84	0.50	0.63	0.13	0.21
PFF	0.76	0.75	0.73	0.65	0.78	0.68	-	0.72	0.78	0.62	0.62	0.38	0.00	0.60	0.74	0.81	0.71	0.59	0.78	0.25	0.26
EFA	0.83	0.83	0.81	0.75	0.75	0.71	0.72	-	0.93	0.82	0.53	0.24	0.02	0.57	0.68	0.80	0.75	0.50	0.80	0.30	0.38
VT	0.97	0.97	0.92	0.85	0.80	0.87	0.78	0.93	-	0.81	0.50	0.21	0.00	0.57	0.66	0.84	0.88	0.51	0.78	0.22	0.39
EEM	0.69	0.68	0.65	0.60	0.58	0.65	0.62	0.82	0.81	-	0.48	0.24	0.04	0.45	0.60	0.65	0.73	0.41	0.75	0.39	0.35
BND	0.44	0.44	0.37	0.32	0.61	0.46	0.62	0.53	0.50	0.48	-	0.88	0.14	0.86	0.95	0.62	0.44	0.86	0.74	0.42	-0.12
TLT	0.18	0.18	0.10	0.06	0.42	0.26	0.38	0.24	0.21	0.24	0.88	-	0.10	0.72	0.76	0.29	0.21	0.72	0.46	0.37	-0.30
BIL	-0.01	-0.01	-0.07	-0.09	-0.02	0.02	0.00	0.02	0.00	0.04	0.14	0.10	-	0.00	0.09	0.03	-0.03	0.15	0.10	0.20	-0.17
TIP	0.54	0.54	0.46	0.41	0.67	0.54	0.60	0.57	0.57	0.45	0.86	0.72	0.00	-	0.83	0.67	0.51	0.80	0.67	0.44	0.07
LQD	0.61	0.61	0.54	0.49	0.70	0.58	0.74	0.68	0.66	0.60	0.95	0.76	0.09	0.83	-	0.78	0.59	0.85	0.87	0.38	0.05
HYG	0.82	0.81	0.80	0.75	0.76	0.70	0.81	0.80	0.84	0.65	0.62	0.29	0.03	0.67	0.78	-	0.73	0.67	0.84	0.22	0.34
CWB	0.88	0.86	0.84	0.81	0.70	0.84	0.71	0.75	0.88	0.73	0.44	0.21	-0.03	0.51	0.59	0.73	-	0.44	0.69	0.17	0.35
BNDX	0.48	0.48	0.42	0.38	0.59	0.50	0.59	0.50	0.51	0.41	0.86	0.72	0.15	0.80	0.85	0.67	0.44	-	0.71	0.36	-0.17
EMB	0.70	0.70	0.66	0.58	0.73	0.63	0.78	0.80	0.78	0.75	0.74	0.46	0.10	0.67	0.87	0.84	0.69	0.71	-	0.38	0.25
GLD	0.12	0.13	0.07	-0.02	0.22	0.13	0.25	0.30	0.22	0.39	0.42	0.37	0.20	0.44	0.38	0.22	0.17	0.36	0.38	-	0.04
DBC	0.36	0.35	0.40	0.39	0.28	0.21	0.26	0.38	0.39	0.35	-0.12	-0.30	-0.17	0.07	0.05	0.34	0.35	-0.17	0.25	0.04	-

	VTI	SPY	IJH	IJR	VNQ	QQQ	PFF	EFA	VT	EEM	BND	TLT	BIL	TIP	LQD	HYG	CWB	BNDX	EMB	GLD	DBC
VTI	-	0.99	0.93	0.87	0.64	0.86	0.48	0.84	0.97	0.76	0.16	-0.10	-0.02	0.20	0.33	0.69	0.88	0.17	0.59	0.06	0.32
SPY	0.99	-	0.90	0.81	0.61	0.84	0.48	0.83	0.97	0.73	0.17	-0.10	-0.01	0.20	0.33	0.67	0.84	0.16	0.57	0.05	0.31
IJH	0.93	0.90	-	0.94	0.68	0.74	0.48	0.81	0.90	0.74	0.14	-0.12	-0.03	0.20	0.32	0.69	0.87	0.17	0.58	0.08	0.37
IJR	0.87	0.81	0.94	-	0.66	0.71	0.44	0.75	0.81	0.70	0.11	-0.15	-0.06	0.13	0.27	0.66	0.83	0.15	0.53	0.05	0.34
VNQ	0.64	0.61	0.68	0.66	-	0.39	0.53	0.62	0.62	0.54	0.34	0.13	-0.01	0.35	0.46	0.69	0.61	0.33	0.54	0.14	0.24
QQQ	0.86	0.84	0.74	0.71	0.39	-	0.32	0.67	0.81	0.64	0.10	-0.08	-0.01	0.12	0.23	0.52	0.77	0.12	0.46	0.01	0.23
PFF	0.48	0.48	0.48	0.44	0.53	0.32	-	0.51	0.50	0.43	0.35	0.14	-0.10	0.36	0.59	0.65	0.50	0.38	0.42	0.05	0.22
EFA	0.84	0.83	0.81	0.75	0.62	0.67	0.51	-	0.90	0.83	0.22	-0.07	-0.02	0.24	0.39	0.70	0.77	0.22	0.62	0.20	0.40
VT	0.97	0.97	0.90	0.81	0.62	0.81	0.50	0.90	-	0.81	0.18	-0.10	-0.01	0.22	0.35	0.69	0.85	0.17	0.61	0.10	0.36
EEM	0.76	0.73	0.74	0.70	0.54	0.64	0.43	0.83	0.81	-	0.14	-0.10	-0.02	0.19	0.30	0.62	0.75	0.15	0.67	0.29	0.40
BND	0.16	0.17	0.14	0.11	0.34	0.10	0.35	0.22	0.18	0.14	-	0.85	0.12	0.81	0.87	0.38	0.20	0.69	0.51	0.32	0.01
TLT	-0.10	-0.10	-0.12	-0.15	0.13	-0.08	0.14	-0.07	-0.10	-0.10	0.85	-	0.03	0.66	0.67	0.05	-0.07	0.53	0.28	0.21	-0.18
BIL	-0.02	-0.01	-0.03	-0.06	-0.01	-0.01	-0.10	-0.02	-0.01	-0.02	0.12	0.03	-	0.08	-0.01	-0.03	-0.02	0.03	0.05	0.05	0.01
TIP	0.20	0.20	0.20	0.13	0.35	0.12	0.36	0.24	0.22	0.19	0.81	0.66	0.08	-	0.73	0.39	0.25	0.62	0.45	0.37	0.26
LQD	0.33	0.33	0.32	0.27	0.46	0.23	0.59	0.39	0.35	0.30	0.87	0.67	-0.01	0.73	-	0.63	0.39	0.70	0.59	0.26	0.12
HYG	0.69	0.67	0.69	0.66	0.69	0.52	0.65	0.70	0.69	0.62	0.38	0.05	-0.03	0.39	0.63	-	0.72	0.40	0.66	0.15	0.32
CWB	0.88	0.84	0.87	0.83	0.61	0.77	0.50	0.77	0.85	0.75	0.20	-0.07	-0.02	0.25	0.39	0.72	-	0.22	0.60	0.12	0.37
BNDX	0.17	0.16	0.17	0.15	0.33	0.12	0.38	0.22	0.17	0.15	0.69	0.53	0.03	0.62	0.70	0.40	0.22	-	0.36	0.26	0.04
EMB	0.59	0.57	0.58	0.53	0.54	0.46	0.42	0.62	0.61	0.67	0.51	0.28	0.05	0.45	0.59	0.66	0.60	0.36	-	0.31	0.25
GLD	0.06	0.05	0.08	0.05	0.14	0.01	0.05	0.20	0.10	0.29	0.32	0.21	0.05	0.37	0.26	0.15	0.12	0.26	0.31	-	0.29
DBC	0.32	0.31	0.37	0.34	0.24	0.23	0.22	0.40	0.36	0.40	0.01	-0.18	0.01	0.26	0.12	0.32	0.37	0.04	0.25	0.29	-

Understanding the correlation coefficient between different assets is crucial for several reasons:

Diversification: Knowing the correlation helps investors diversify their portfolios effectively. By selecting assets that have low or negative correlations with each other, investors can reduce overall portfolio risk.
Risk Management: It helps in managing risk by understanding how different assets react to market events. High correlation means that asset prices move together, increasing risk, while low correlation means they move independently, reducing risk.
Optimizing Returns: Correlation analysis aids in optimizing returns by combining assets that complement each other, potentially enhancing the risk-adjusted returns of the portfolio.
Strategic Asset Allocation: It informs strategic asset allocation decisions, helping investors align their portfolios with their risk tolerance and investment goals.

In summary, the correlation coefficient is a vital tool for constructing a balanced and resilient investment portfolio.

You can also focus on more specific Investment Themes, like the following: