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Basket Diversification Checker

Pick 2 to 5 indices and get a correlation matrix and a concentration score for an equal-weighted basket, to check whether a multi-index clause is really diversified or one exposure in disguise.

Pick 2–5 indices (assumes an equal-weighted basket).

US PPI — Turbine and Turbine Generator Set ManufacturingUS PPI — Aircraft Engine and Engine Parts ManufacturingUS PPI — Aircraft ManufacturingUS PPI — Ship Building and RepairingUS PPI — Small Arms, Ordnance, and Ordnance Accessories ManufacturingUS PPI — Metal Bolt, Nut, Screw, Rivet, and Washer ManufacturingUS PPI — Aerospace Product and Parts Manufacturing (NAICS 33641)US PPI — Aerospace Product and Parts Manufacturing (NAICS 3364)US PPI — Semiconductor and Related Device ManufacturingUS PPI — Semiconductor Machinery ManufacturingUS PPI — Bare Printed Circuit Board ManufacturingUS PPI — Printed Circuit Assembly ManufacturingUS PPI — Electronic Connector ManufacturingUS PPI — Capacitor, Resistor, Coil, Transformer, and Other Inductor ManufacturingUS PPI — Battery ManufacturingUS PPI — Other Electronic Component ManufacturingUS PPI — Semiconductor and Other Electronic Component Manufacturing (NAICS 3344)US PPI — Semiconductor and Related Device Manufacturing, Other Semiconductor DevicesUS PPI — Computer and Electronic Product ManufacturingUS PPI — Semiconductor and Other Electronic Component Manufacturing (NAICS 33441)US PPI — Power, Distribution, and Specialty Transformer ManufacturingUS PPI — Switchgear and Switchboard Apparatus ManufacturingUS PPI — Air-Conditioning and Warm Air Heating Equipment ManufacturingUS PPI — Computer Storage Device ManufacturingUS PPI — Petroleum Lubricating Oil and Grease ManufacturingUS PPI — Plastics Pipe and Pipe Fitting ManufacturingUS PPI — Plastics Bottle ManufacturingUS PPI — Unsupported Plastic Film, Sheet, and Other ShapesUS PPI — Polystyrene Foam Product Manufacturing, Building and Construction Polystyrene Foam ProductsUS PPI — Rubber and Plastics HoseUS PPI — Rubber and Plastics Hose and Belting Manufacturing, Transmission Belts and BeltingUS PPI — OxygenUS PPI — NitrogenUS PPI — Argon and HydrogenUS PPI — Industrial Gas Manufacturing, Carbon DioxideUS PPI — Adhesives and SealantsUS PPI — Explosives ManufacturingUS PPI — Industrial GasesUS PPI — General Freight Trucking, LocalUS PPI — General Freight Trucking, Long-Distance, TruckloadUS PPI — General Freight Trucking, Long-Distance, Less Than TruckloadUS PPI — No. 2 Diesel FuelUS PPI — Truck TransportationUS PPI — General Freight Trucking, Long-Distance, Less Than Truckload (Primary Product Line)US PPI — General Freight Trucking, Long-Distance, Truckload (Primary Product Line)US PPI — Conveyor and Conveying Equipment ManufacturingUS PPI — Industrial Truck, Tractor, Trailer, and Stacker Machinery ManufacturingUS PPI — Overhead Traveling Crane, Hoist, and Monorail System ManufacturingUS PPI — Cement, HydraulicUS PPI — Asphalt Paving Mixture and Block ManufacturingUS PPI — Concrete Block and BrickUS PPI — Hardwood LumberUS PPI — Metal Window and Door ManufacturingUS PPI — Construction Sand and GravelUS PPI — Structural Clay Products, N.E.C.US PPI — Noncurrent-Carrying Electrical Conduit and Conduit FittingsUS PPI — Plumbing Fixture Fitting and Trim ManufacturingUS PPI — Current-Carrying Wiring Device ManufacturingUS PPI — Hardboard, Particleboard, and Fiberboard ProductsUS PPI — Special Purpose Coatings (Marine, Industrial, and Construction)US PPI — Flat GlassUS PPI — Gypsum ProductsUS PPI — Insulation MaterialsUS PPI — Titanium and Titanium-Base Alloy Mill ShapesUS PPI — Steel Pipe and Tube, Stainless SteelUS PPI — Fabricated Steel PlateUS PPI — Industrial Valve ManufacturingUS PPI — Other Metal Valve and Pipe Fitting ManufacturingUS PPI — Gasket, Packing, and Sealing Device ManufacturingUS PPI — Steel Foundries, Except InvestmentUS PPI — Other Fabricated Wire Product ManufacturingUS PPI — Clay Building Material and Refractories Manufacturing, Clay RefractoriesUS PPI — Fabricated Bar Joists and Concrete Reinforcing BarsUS PPI — Steel WireUS PPI — Line-Haul RailroadsUS PPI — Line-Haul Railroads, Intermodal Freight Rail TransportationUS PPI — Scheduled Freight Air TransportationUS PPI — Deep Sea Freight TransportationUS PPI — Coastal and Great Lakes Freight TransportUS PPI — Pipeline Transportation of Crude OilUS PPI — Pipeline Transportation of Natural GasUS PPI — Specialized Freight TruckingUS PPI — Deep Sea Freight Transportation, Freight Transportation ServicesUS PPI — Truck and Bus BodiesUS PPI — Raw CottonUS PPI — Synthetic FibersUS PPI — Nonwoven Fabrics and FeltsUS PPI — Commercial Electric PowerUS PPI — Unprepared Bituminous Coal and Lignite (Utility Sold)US PPI — Unleaded Regular GasolineUS PPI — Jet FuelUS PPI — Residual Fuels (Heavy Fuel Oils)US PPI — Natural GasUS PPI — PropaneUS PPI — Industrial Electric PowerUS PPI — NewsprintUS PPI — Sanitary Tissue Paper Products, Made in Paper MillsUS PPI — Paper Bag and Coated and Treated Paper Manufacturing, Shipping Sacks and Multiwall BagsUS PPI — Wood PulpUS PPI — Corrugated Paperboard in Sheets and Rolls, Lined and UnlinedUS PPI — Corrugated and Solid Fiber Box Manufacturing, Corrugated Shipping Containers for Paper and Allied ProductsUS PPI — Unbleached Kraft Packaging and Industrial Converting PaperboardUS PPI — Corrugated Recyclable PaperUS PPI — Writing and Printing PapersUS PPI — Pulp, Paper, and Allied ProductsUS PPI — Corrugated Shipping ContainersUS PPI — Paperboard, Excluding Corrugated Paperboard in Sheets and RollsUS PPI — Air and Gas Compressor ManufacturingUS PPI — Motor and Generator ManufacturingUS PPI — Power Boiler and Heat Exchanger ManufacturingUS PPI — Elevator and Moving Stairway ManufacturingUS PPI — Measuring, Dispensing, and Other Pumping Equipment ManufacturingUS PPI — Fluid Power Pump and Motor ManufacturingUS PPI — Construction Machinery ManufacturingUS PPI — Mining Machinery and Equipment ManufacturingUS PPI — Machine Tool ManufacturingUS PPI — Relay and Industrial Control ManufacturingUS PPI — Welding and Soldering Equipment ManufacturingUS PPI — Nonresidential Electric Lighting Fixture ManufacturingUS PPI — Electric Lamp Bulbs, Tubes, and ComponentsUS PPI — Fan, Blower, and Air Purification Equipment Manufacturing, Industrial and Commercial Fans and BlowersUS PPI — Packaging Machinery ManufacturingUS PPI — Saw Blade, Handsaw, and Hand and Edge Tool ManufacturingUS PPI — Ball and Roller BearingsUS PPI — Fluid Power ValvesUS PPI — Nonmetallic Abrasive Products (Including Diamond Abrasives)US PPI — Iron and SteelUS PPI — Steel Mill ProductsUS PPI — Cold Rolled Steel Sheet and StripUS PPI — Hot Rolled Steel Bars, Plates, and Structural ShapesUS PPI — All Metals and Metal ProductsUS PPI — Iron and Steel ScrapUS PPI — Yellow Brass ScrapUS PPI — Copper Wire and CableUS PPI — Copper and Copper ProductsUS PPI — Copper and Brass Mill ShapesUS PPI — Aluminum Mill ShapesUS PPI — Extruded Aluminum Shapes, Including Rod, Bar, and WireUS PPI — Nonferrous MetalsUS PPI — Nickel and Nickel-Base Alloy Mill ShapesUS PPI — Fabricated Steel Plate, Item LevelUS PPI — Steel Pipe and TubeUS PPI — Steel Product Manufacturing from Purchased SteelUS PPI — Iron and Steel Pipe and Tube Manufacturing from Purchased Steel, Iron and Steel Pipes and TubesUS PPI — Alumina and Aluminum Production and ProcessingUS PPI — Fabricated Metal Product ManufacturingUS PPI — Construction MaterialsUS PPI — LumberUS PPI — Cement and Concrete Product ManufacturingUS PPI — New Nonresidential Building ConstructionUS PPI — Building Material and Supplies DealersUS PPI — Glass and Glass Product ManufacturingUS PPI — PlywoodUS PPI — New Industrial Building ConstructionUS PPI — Asphalt Paving Mixture and Block Manufacturing, Asphalt and Tar Paving MixturesUS PPI — Softwood LumberUS PPI — Inputs to Residential Construction, GoodsUS PPI — Crushed and Broken Limestone MiningUS PPI — Asphalt Shingle and Coating Materials Manufacturing, Prepared Asphalt and Tar Roofing and Siding ProductsUS PPI — Gypsum Product Manufacturing, Gypsum Building MaterialsUS PPI — Industrial ChemicalsUS PPI — Chemical ManufacturingUS PPI — Nitrogenous Fertilizer ManufacturingUS PPI — Sulfuric AcidUS PPI — Chemicals and Allied ProductsUS PPI — Paint and Coating ManufacturingUS PPI — Carbon Black, All ProcessesUS PPI — Synthetic Ammonia, Nitric Acid, Ammonium Compounds, and UreaUS PPI — Chlorine, Sodium Hydroxide, and Other AlkaliesUS PPI — Phosphoric Acid, Superphosphates and Other Phosphate Fertilizer MaterialsUS PPI — Sodium Hydroxide (Caustic Soda)US PPI — PhosphatesUS PPI — Alkalies and Chlorine, Including Natural Sodium Carbonate and SulfateUS PPI — Plastics Material and Resin ManufacturingUS PPI — Plastics Material and Resin Manufacturing, Primary ProductsUS PPI — Plastics Material and Resin Manufacturing, Thermoplastic Resins and Plastics MaterialsUS PPI — Plastic Resins and MaterialsUS PPI — Synthetic Rubber, Including SBR and Ethylene PropyleneUS PPI — Rubber and Plastic ProductsUS PPI — Unlaminated Polyethylene Film and SheetUS PPI — Farm ProductsUS PPI — WheatUS PPI — Slaughter CattleUS PPI — AlmondsUS PPI — PistachiosUS PPI — AvocadosUS PPI — Food ManufacturingUS PPI — Pharmaceutical and Medicine ManufacturingUS PPI — Pharmaceutical Preparation ManufacturingUS PPI — Medical Equipment and Supplies ManufacturingUS PPI — Total Manufacturing IndustriesUS PPI — Finished GoodsUS PPI — Industrial Commodities Less FuelsUS PPI — Transportation and Warehousing IndustriesUS CPI-U — All Items, US City AverageUS PPI — Electrical Equipment ManufacturingUS PPI — Electric Power and Specialty Transformer Manufacturing, Primary ProductsUS PPI — Machinery and EquipmentUS PPI — Construction Machinery and EquipmentUS PPI — Power and Distribution Transformers, Except PartsUS PPI — Oil and Gas Field Machinery and Equipment ManufacturingUS PPI — HVAC and Commercial Refrigeration Equipment ManufacturingUS PPI — Machinery ManufacturingUS PPI — Industrial Machinery ManufacturingUS PPI — Mining Machinery and Equipment Manufacturing, Parts and Attachments Sold SeparatelyUS PPI — Pump and Compressor ManufacturingUS PPI — Commercial and Industrial Machinery and Equipment Repair and MaintenanceUS PPI — Electrical Machinery and EquipmentUS PPI — General Purpose Machinery and EquipmentUS PPI — Pumps, Compressors, and EquipmentUS ECI — Total Compensation, ManufacturingUS ECI — Wages and Salaries, Aircraft Manufacturing

Checks one basket, once. The product flags correlation drift across every mechanism you run, as it happens.

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Basket Diversification Checker, explained

What counts as a diversified escalation basket?

Low average pairwise correlation between the indices in the basket. If two or three indices in a basket move almost in lockstep, they behave like one exposure wearing different names. The basket carries less real protection against a single input's price swing than the line-item count suggests.

What does "effective independent bets" mean?

It's the standard effective-N diversification measure: how many genuinely independent exposures your equal-weighted basket behaves like, given the average correlation between the indices you picked. Pick 5 indices that move in lockstep and it reads close to 1: one real exposure wearing five names. Pick 5 that move independently and it reads close to 5: real diversification.

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Basket Diversification Checker

Basket Diversification Checker, explained

What counts as a diversified escalation basket?

What does "effective independent bets" mean?