A correlation matrix shows how closely each pair of holdings has moved together, which tells you how much they really diversify each other.
PortfolioPilot draws the matrix for your 20 largest holdings on the Analysis & comparison page on desktop. Holdings that move alike add risk without adding much protection. Included in the Free plan.
Pairs from a hypothetical portfolio's matrix. Switch tabs.
PortfolioPilot correlation matrix demo. Pairs from a hypothetical portfolio's matrix. Switch tabs.
The portfolio is hypothetical, and all figures are for demonstrative purposes only. Nothing shown is a recommendation to buy or sell any security.
Three steps from your accounts to the answer.
Connect brokerages, 401(k)s and IRAs, upload a statement, or enter holdings by hand.
In Improve, choose Analysis & comparison, on desktop.
Hover a cell to read the pair and its correlation.
Diversification is about how holdings move, not how many you own.
Holdings that move almost alike; owning both adds little diversification.
Holdings that tend to move apart, which can soften a fall.
The matrix covers your 20 largest holdings by weight.
The matrix shows on desktop; the rest of the page works on phones too.
Add your accounts and see it for your own situation.
Get startedShort answers here, with a link to the full help center article where one exists.
A grid of how closely each pair of holdings has moved together.
Your 20 largest by weight.
No. It shows on desktop.
Yes. It is included in the Free plan.
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