BigTech asset correlations

Portfolio Correlation

0.56

Medium

Internal Correlation

0.38

Low

Diversification Score

62%

Moderately Diversified

Risk Distribution

High Correlation1.6%

Medium Correlation47.6%

Low Correlation50.8%

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Most Correlated Assets

AMZN / TSLA

0.86

ASML / AMAT

0.85

AMAT / QCOM

0.73

ASML / TSM

0.72

NVDA / TSM

0.70

NVDA / AMAT

0.70

ASML / QCOM

0.69

TSM / AMAT

0.69

NVDA / AMD

0.68

AMD / AMAT

0.68

MU / AMAT

0.68

NVDA / ASML

0.67

AVGO / AMAT

0.66

AVGO / TSM

0.66

AMD / ASML

0.66

MSFT / GOOGL

0.65

TSM / QCOM

0.64

CRM / NOW

0.64

NVDA / AVGO

0.64

BABA / PDD

0.64

MSFT / AAPL

0.63

AVGO / MU

0.62

MU / QCOM

0.62

MU / ASML

0.62

AVGO / ASML

0.62

Correlations with BigTech historical returns

Instrument	Value	1Y Correlation	3Y Correlation	10Y Correlation	25Y Correlation
NVDA	13.58%	+0.70	+0.77	+0.71	+0.38
BABA	5.85%	+0.27	+0.40	+0.31	+0.31
NFLX	5.1%	+0.49	+0.57	+0.61	+0.27
META	5.02%	+0.56	+0.62	+0.68	+0.52
UBER	4.8%	+0.32	+0.48	+0.40	+0.40
MSFT	4.48%	+0.53	+0.67	+0.75	+0.38
AMD	4.4%	+0.53	+0.67	+0.53	+0.31
AMZN	4.16%	+0.58	+0.02	+0.75	+0.32
PLTR	4.05%	+0.48	+0.52	+0.32	+0.32
AVGO	4.02%	+0.60	+0.66	+0.56	+0.43
PDD	3.81%	+0.27	+0.35	+0.14	+0.14
TSLA	3.48%	+0.52	+0.24	+0.54	+0.42
CRM	3.32%	+0.36	+0.55	+0.69	+0.36
PANW	3.23%	+0.49	+0.46	+0.47	+0.41
MU	3.15%	+0.62	+0.64	+0.45	+0.24
GOOGL	3.1%	+0.50	+0.62	+0.65	+0.36
NOW	2.95%	+0.48	+0.61	+0.60	+0.50
ASML	2.86%	+0.56	+0.69	+0.71	+0.34
TSM	2.85%	+0.66	+0.68	+0.66	+0.37
AMAT	2.78%	+0.64	+0.71	+0.60	+0.37
QCOM	2.76%	+0.60	+0.66	+0.52	+0.36
ADBE	2.66%	+0.40	+0.58	+0.70	+0.37
AAPL	2.63%	+0.38	+0.59	+0.71	+0.31
ORCL	2.43%	+0.55	+0.55	+0.59	+0.31
ARM	2.3%	+0.58	+0.37	+0.28	+0.28

Portfolio Correlation Matrix

Asset	NVDA	BABA	NFLX	META	UBER	MSFT	AMD	AMZN	PLTR	AVGO	PDD	TSLA	CRM	PANW	MU	GOOGL	NOW	ASML	TSM	AMAT	QCOM	ADBE	AAPL	ORCL	ARM
NVDA	1.00	0.26	0.48	0.48	0.41	0.60	0.68	0.00	0.46	0.64	0.24	0.18	0.41	0.39	0.61	0.51	0.51	0.67	0.70	0.70	0.60	0.47	0.48	0.50	0.36
BABA	0.26	1.00	0.28	0.27	0.33	0.22	0.27	0.04	0.25	0.22	0.64	0.15	0.20	0.11	0.32	0.29	0.21	0.33	0.30	0.32	0.32	0.21	0.30	0.20	0.10
NFLX	0.48	0.28	1.00	0.47	0.39	0.49	0.45	0.03	0.43	0.37	0.23	0.18	0.42	0.33	0.37	0.42	0.50	0.51	0.39	0.44	0.44	0.43	0.45	0.36	0.18
META	0.48	0.27	0.47	1.00	0.43	0.59	0.46	0.00	0.39	0.39	0.21	0.14	0.39	0.32	0.41	0.56	0.40	0.48	0.43	0.47	0.42	0.46	0.48	0.32	0.21
UBER	0.41	0.33	0.39	0.43	1.00	0.39	0.41	0.02	0.45	0.30	0.25	0.14	0.38	0.30	0.35	0.37	0.43	0.44	0.37	0.43	0.42	0.36	0.37	0.27	0.22
MSFT	0.60	0.22	0.49	0.59	0.39	1.00	0.53	0.03	0.41	0.49	0.19	0.18	0.50	0.42	0.44	0.65	0.61	0.56	0.50	0.55	0.49	0.57	0.63	0.51	0.24
AMD	0.68	0.27	0.45	0.46	0.41	0.53	1.00	0.05	0.42	0.52	0.27	0.21	0.44	0.30	0.53	0.52	0.44	0.66	0.59	0.68	0.58	0.46	0.43	0.37	0.26
AMZN	0.00	0.04	0.03	0.00	0.02	0.03	0.05	1.00	0.04	0.08	0.19	0.86	-0.01	0.01	0.03	0.12	0.06	0.06	0.08	0.04	0.11	-0.03	0.02	0.02	0.01
PLTR	0.46	0.25	0.43	0.39	0.45	0.41	0.42	0.04	1.00	0.39	0.24	0.23	0.35	0.37	0.37	0.39	0.46	0.40	0.41	0.41	0.40	0.35	0.38	0.34	0.27
AVGO	0.64	0.22	0.37	0.39	0.30	0.49	0.52	0.08	0.39	1.00	0.22	0.25	0.33	0.35	0.62	0.43	0.41	0.62	0.66	0.66	0.61	0.41	0.42	0.48	0.40
PDD	0.24	0.64	0.23	0.21	0.25	0.19	0.27	0.19	0.24	0.22	1.00	0.25	0.16	0.16	0.27	0.25	0.19	0.27	0.27	0.28	0.31	0.16	0.21	0.17	0.10
TSLA	0.18	0.15	0.18	0.14	0.14	0.18	0.21	0.86	0.23	0.25	0.25	1.00	0.13	0.16	0.17	0.28	0.22	0.21	0.23	0.21	0.28	0.08	0.20	0.16	0.11
CRM	0.41	0.20	0.42	0.39	0.38	0.50	0.44	-0.01	0.35	0.33	0.16	0.13	1.00	0.40	0.32	0.42	0.64	0.41	0.34	0.40	0.39	0.54	0.39	0.33	0.15
PANW	0.39	0.11	0.33	0.32	0.30	0.42	0.30	0.01	0.37	0.35	0.16	0.16	0.40	1.00	0.29	0.34	0.51	0.35	0.31	0.35	0.34	0.39	0.39	0.36	0.20
MU	0.61	0.32	0.37	0.41	0.35	0.44	0.53	0.03	0.37	0.62	0.27	0.17	0.32	0.29	1.00	0.41	0.36	0.62	0.60	0.68	0.62	0.37	0.40	0.42	0.39
GOOGL	0.51	0.29	0.42	0.56	0.37	0.65	0.52	0.12	0.39	0.43	0.25	0.28	0.42	0.34	0.41	1.00	0.46	0.48	0.44	0.49	0.47	0.49	0.57	0.38	0.20
NOW	0.51	0.21	0.50	0.40	0.43	0.61	0.44	0.06	0.46	0.41	0.19	0.22	0.64	0.51	0.36	0.46	1.00	0.48	0.46	0.47	0.45	0.58	0.45	0.45	0.20
ASML	0.67	0.33	0.51	0.48	0.44	0.56	0.66	0.06	0.40	0.62	0.27	0.21	0.41	0.35	0.62	0.48	0.48	1.00	0.72	0.85	0.69	0.46	0.51	0.43	0.37
TSM	0.70	0.30	0.39	0.43	0.37	0.50	0.59	0.08	0.41	0.66	0.27	0.23	0.34	0.31	0.60	0.44	0.46	0.72	1.00	0.69	0.64	0.40	0.43	0.47	0.44
AMAT	0.70	0.32	0.44	0.47	0.43	0.55	0.68	0.04	0.41	0.66	0.28	0.21	0.40	0.35	0.68	0.49	0.47	0.85	0.69	1.00	0.73	0.46	0.50	0.44	0.40
QCOM	0.60	0.32	0.44	0.42	0.42	0.49	0.58	0.11	0.40	0.61	0.31	0.28	0.39	0.34	0.62	0.47	0.45	0.69	0.64	0.73	1.00	0.44	0.56	0.39	0.41
ADBE	0.47	0.21	0.43	0.46	0.36	0.57	0.46	-0.03	0.35	0.41	0.16	0.08	0.54	0.39	0.37	0.49	0.58	0.46	0.40	0.46	0.44	1.00	0.48	0.41	0.13
AAPL	0.48	0.30	0.45	0.48	0.37	0.63	0.43	0.02	0.38	0.42	0.21	0.20	0.39	0.39	0.40	0.57	0.45	0.51	0.43	0.50	0.56	0.48	1.00	0.37	0.23
ORCL	0.50	0.20	0.36	0.32	0.27	0.51	0.37	0.02	0.34	0.48	0.17	0.16	0.33	0.36	0.42	0.38	0.45	0.43	0.47	0.44	0.39	0.41	0.37	1.00	0.29
ARM	0.36	0.10	0.18	0.21	0.22	0.24	0.26	0.01	0.27	0.40	0.10	0.11	0.15	0.20	0.39	0.20	0.20	0.37	0.44	0.40	0.41	0.13	0.23	0.29	1.00

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Portfolio Correlation

Internal Correlation

Diversification Score

Risk Distribution

Most Correlated Assets

Correlations with BigTech historical returns

Portfolio Correlation Matrix

Explore how different assets correlate with BigTech.