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Correlation to Major Asset Indices

HECS Risk & Return Correlation Chart


Asset Class___________________Correlation_______Risk___________Return

REIT’S Index____________________ Low_________Falling__________Rising
Mid-Cap Stock Index______________ Low_________Falling__________Rising
Small Cap Stock Index_____________Low_________Falling__________Rising
International Stock Index___________ Low_________Falling__________Rising
Large Cap Stock Index_____________Low_________Falling__________Rising
Emerging Markets Stock Index_______Low_________Falling__________Rising
Commodity Index_________________ Low(er)______Falling__________Rising
Global Bond Index________________ Low(er_______Falling__________Rising
Gold Index______________________ Low(er)______ Falling__________Rising
Domestic Bonds(Investment Grade)___Low(er)______ Falling__________Rising

Full comparison chart with footnotes available at request.