Correlation

The graph lets you view the correlation between your monthly % returns and the selected benchmark index monthly % returns. In other words, you can see what the benchmark index return for the month was compared to what your portfolio returned. Each point on this graph represents one monthly % return. If you have account values for the past year, there will be 12 points on the chart. The monthly % returns for the benchmark index chosen in the radial boxes is on the x-axis with your portfolio % returns along the y-axis. The tighter the values along the linear regression line, the higher the correlation between values. An increasing slope indicates a positive correlation and a decreasing slope indicates a negative correlation. The slope of this line is what is used for beta calculation.