Column No. | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | |
COUNTRY, RETURN/ VOLATILITY | Row No. | ARR | ARV | BGR | BGV | CLR | CLV | COR | COV | HUR | HUV | IIDR | IIDV | MCR | MCV | MYR | MYV | PER | PEV | PHR | PHV | PKR | PKV | PLR | PLV | ROR | ROV | THR | THV | TRR | TRV | BRR | BRV | RUR | RUV | INR | INV | CNR | CNV | ZAR | ZAV | usR | usV | Contribution From Others | Contribution From BRICS excluding Own |
ARR | 1 | 39.12 | 0.23 | 0.30 | 0.10 | 5.96 | 0.10 | 2.17 | 0.04 | 2.82 | 0.34 | 0.91 | 0.15 | 7.40 | 0.17 | 0.61 | 0.09 | 5.68 | 0.06 | 0.43 | 0.08 | 0.04 | 0.11 | 2.67 | 0.04 | 0.91 | 0.62 | 1.26 | 0.00 | 2.03 | 0.03 | 8.11 | 0.10 | 3.62 | 0.27 | 1.02 | 0.20 | 1.33 | 0.13 | 3.33 | 0.17 | 7.20 | 0.05 | 60.90 | 18.28 |
ARV | 2 | 7.06 | 66.38 | 0.07 | 1.00 | 0.94 | 3.73 | 0.68 | 0.37 | 1.27 | 0.88 | 0.19 | 0.12 | 0.93 | 1.13 | 0.09 | 0.15 | 0.72 | 0.74 | 0.06 | 0.20 | 0.06 | 0.37 | 0.30 | 1.19 | 0.27 | 0.67 | 0.11 | 0.09 | 0.25 | 0.87 | 0.92 | 1.99 | 0.42 | 0.44 | 0.10 | 0.05 | 0.17 | 0.24 | 0.62 | 1.05 | 1.35 | 1.74 | 33.60 | 6.00 |
BGR | 3 | 0.69 | 0.17 | 71.97 | 0.37 | 1.41 | 0.77 | 0.80 | 0.05 | 1.95 | 0.88 | 0.77 | 0.11 | 1.68 | 0.20 | 0.65 | 0.27 | 1.53 | 0.22 | 0.63 | 0.14 | 0.19 | 0.06 | 1.11 | 0.12 | 2.71 | 0.31 | 0.48 | 0.01 | 0.82 | 0.39 | 1.06 | 0.48 | 1.93 | 0.47 | 1.73 | 0.37 | 1.28 | 0.24 | 0.96 | 0.34 | 2.66 | 0.15 | 31.20 | 8.86 |
BGV | 4 | 0.34 | 0.25 | 1.11 | 73.62 | 0.20 | 0.50 | 0.02 | 0.05 | 0.35 | 0.24 | 0.06 | 0.06 | 0.30 | 0.17 | 0.29 | 0.06 | 0.19 | 0.17 | 0.18 | 0.24 | 0.12 | 0.21 | 0.33 | 0.43 | 0.31 | 0.83 | 0.32 | 0.03 | 1.99 | 12.37 | 0.37 | 0.11 | 0.43 | 0.49 | 0.27 | 0.44 | 0.89 | 0.81 | 0.11 | 0.07 | 0.58 | 0.12 | 26.40 | 3.99 |
CLR | 5 | 4.25 | 0.12 | 0.09 | 0.01 | 25.19 | 0.13 | 2.69 | 0.05 | 3.89 | 0.31 | 1.29 | 0.21 | 10.28 | 0.23 | 1.32 | 0.28 | 5.74 | 0.13 | 0.52 | 0.12 | 0.02 | 0.01 | 4.14 | 0.04 | 0.92 | 0.29 | 1.63 | 0.00 | 3.31 | 0.08 | 9.63 | 0.15 | 4.60 | 0.13 | 1.98 | 0.20 | 1.80 | 0.26 | 5.59 | 0.10 | 8.27 | 0.03 | 74.80 | 24.44 |
CLV | 6 | 2.59 | 0.74 | 0.53 | 0.14 | 7.36 | 22.30 | 1.79 | 0.55 | 4.26 | 1.03 | 0.32 | 0.16 | 7.06 | 4.51 | 0.24 | 0.15 | 4.76 | 1.82 | 0.13 | 0.09 | 0.00 | 0.01 | 3.14 | 1.22 | 0.79 | 1.33 | 0.65 | 0.02 | 1.35 | 0.21 | 5.15 | 3.45 | 3.71 | 0.64 | 1.16 | 0.21 | 0.81 | 0.25 | 3.90 | 1.29 | 6.62 | 3.54 | 77.70 | 20.57 |
COR | 7 | 2.56 | 0.08 | 0.22 | 0.02 | 5.21 | 0.21 | 43.04 | 0.57 | 2.90 | 0.36 | 1.01 | 0.05 | 6.92 | 0.25 | 0.62 | 0.12 | 4.10 | 0.05 | 0.83 | 0.15 | 0.19 | 0.03 | 2.74 | 0.03 | 1.37 | 0.35 | 1.11 | 0.05 | 2.03 | 0.12 | 5.74 | 0.07 | 3.66 | 0.44 | 1.50 | 0.22 | 1.14 | 0.22 | 4.70 | 0.18 | 4.75 | 0.06 | 57.00 | 17.87 |
COV | 8 | 0.94 | 0.34 | 0.04 | 0.02 | 2.17 | 2.24 | 5.36 | 46.94 | 2.71 | 1.76 | 0.43 | 0.45 | 3.49 | 1.17 | 0.24 | 0.09 | 1.74 | 1.29 | 0.27 | 0.27 | 0.56 | 0.31 | 2.20 | 1.10 | 0.54 | 1.34 | 0.73 | 0.05 | 1.59 | 0.27 | 3.07 | 0.92 | 2.08 | 1.53 | 1.48 | 1.18 | 0.87 | 0.34 | 2.54 | 3.31 | 1.73 | 0.29 | 53.10 | 17.32 |
HUR | 9 | 2.42 | 0.06 | 0.25 | 0.06 | 4.82 | 0.64 | 1.87 | 0.17 | 24.99 | 0.11 | 0.92 | 0.06 | 7.47 | 0.80 | 1.08 | 0.05 | 4.48 | 0.46 | 0.39 | 0.01 | 0.10 | 0.03 | 10.87 | 0.10 | 2.41 | 0.66 | 1.25 | 0.01 | 3.93 | 0.02 | 5.62 | 0.53 | 5.61 | 0.15 | 2.01 | 0.04 | 1.53 | 0.14 | 7.28 | 0.21 | 6.21 | 0.17 | 75.00 | 23.12 |
HUV | 10 | 1.01 | 0.34 | 0.55 | 0.23 | 1.85 | 6.78 | 2.00 | 1.40 | 5.76 | 20.99 | 0.16 | 0.07 | 3.71 | 4.98 | 0.17 | 0.21 | 1.56 | 3.31 | 0.09 | 0.27 | 0.06 | 0.01 | 2.34 | 7.58 | 1.13 | 6.54 | 0.37 | 0.37 | 0.84 | 0.36 | 2.55 | 2.32 | 1.74 | 2.59 | 0.41 | 1.54 | 0.50 | 1.46 | 2.11 | 1.66 | 3.33 | 4.74 | 79.00 | 16.88 |
IIDR | 11 | 2.12 | 0.09 | 0.21 | 0.08 | 4.92 | 0.17 | 2.05 | 0.06 | 3.22 | 0.41 | 29.97 | 0.24 | 6.58 | 0.28 | 3.91 | 0.12 | 4.97 | 0.08 | 2.31 | 0.12 | 0.08 | 0.02 | 3.35 | 0.06 | 1.35 | 0.39 | 4.06 | 0.02 | 2.19 | 0.06 | 5.78 | 0.13 | 3.01 | 0.06 | 4.41 | 0.05 | 3.86 | 0.13 | 4.40 | 0.06 | 4.53 | 0.09 | 70.00 | 21.89 |
IIDV | 12 | 1.02 | 0.56 | 0.18 | 0.21 | 2.75 | 2.44 | 2.38 | 1.39 | 1.90 | 0.18 | 5.94 | 36.96 | 3.42 | 1.67 | 1.58 | 1.76 | 2.45 | 1.04 | 1.21 | 0.37 | 0.01 | 0.03 | 1.87 | 0.73 | 0.37 | 1.10 | 1.32 | 0.35 | 1.30 | 0.64 | 3.71 | 1.73 | 1.77 | 1.13 | 1.71 | 3.19 | 1.27 | 2.27 | 2.74 | 1.17 | 1.85 | 0.37 | 63.00 | 20.69 |
MCR | 13 | 3.83 | 0.03 | 0.12 | 0.04 | 8.31 | 0.12 | 2.52 | 0.04 | 4.43 | 0.46 | 1.05 | 0.07 | 22.83 | 0.22 | 1.16 | 0.07 | 5.78 | 0.06 | 0.45 | 0.15 | 0.03 | 0.02 | 5.01 | 0.08 | 1.17 | 0.45 | 1.49 | 0.02 | 3.35 | 0.05 | 9.69 | 0.03 | 4.69 | 0.15 | 2.06 | 0.09 | 2.00 | 0.11 | 6.42 | 0.16 | 11.10 | 0.07 | 77.20 | 25.40 |
MCV | 14 | 2.26 | 0.47 | 0.21 | 0.19 | 3.64 | 10.18 | 1.92 | 0.85 | 4.38 | 1.29 | 0.12 | 0.14 | 9.93 | 15.31 | 0.25 | 0.06 | 3.51 | 3.15 | 0.07 | 0.13 | 0.03 | 0.01 | 2.88 | 1.40 | 0.57 | 1.39 | 0.26 | 0.03 | 1.67 | 0.34 | 5.00 | 5.77 | 3.19 | 0.67 | 0.63 | 0.14 | 0.50 | 0.27 | 4.75 | 2.68 | 5.68 | 4.08 | 84.70 | 23.60 |
MYR | 15 | 2.07 | 0.01 | 0.08 | 0.05 | 5.83 | 0.08 | 1.65 | 0.03 | 3.90 | 0.17 | 4.34 | 0.28 | 7.28 | 0.05 | 23.88 | 0.10 | 4.63 | 0.04 | 2.17 | 0.15 | 0.20 | 0.00 | 4.24 | 0.06 | 1.61 | 0.34 | 3.50 | 0.05 | 3.10 | 0.12 | 6.09 | 0.02 | 4.23 | 0.12 | 3.92 | 0.04 | 3.94 | 0.20 | 5.82 | 0.05 | 5.45 | 0.11 | 76.10 | 24.43 |
MYV | 16 | 0.81 | 0.12 | 0.45 | 0.04 | 1.52 | 2.03 | 0.93 | 0.19 | 1.70 | 0.67 | 0.39 | 2.09 | 2.90 | 1.49 | 5.28 | 49.10 | 0.85 | 0.99 | 0.52 | 2.14 | 0.27 | 0.02 | 1.33 | 0.82 | 1.04 | 1.17 | 0.96 | 0.45 | 0.90 | 1.10 | 2.26 | 1.28 | 0.90 | 0.38 | 1.23 | 1.45 | 1.20 | 3.27 | 1.81 | 0.91 | 2.70 | 0.34 | 50.90 | 14.69 |
PER | 17 | 4.15 | 0.03 | 0.08 | 0.03 | 6.06 | 0.48 | 2.67 | 0.06 | 3.81 | 0.48 | 1.31 | 0.15 | 8.32 | 0.30 | 1.19 | 0.08 | 28.76 | 0.26 | 0.87 | 0.10 | 0.03 | 0.01 | 4.03 | 0.05 | 1.09 | 0.43 | 1.53 | 0.05 | 2.65 | 0.14 | 8.39 | 0.16 | 4.23 | 0.28 | 2.05 | 0.12 | 1.63 | 0.13 | 6.19 | 0.32 | 7.25 | 0.05 | 71.20 | 23.50 |
PEV | 18 | 1.61 | 0.38 | 0.62 | 0.01 | 1.67 | 10.24 | 1.42 | 1.16 | 2.41 | 2.38 | 0.08 | 0.10 | 3.54 | 5.22 | 0.06 | 0.28 | 5.30 | 32.32 | 0.02 | 0.04 | 0.04 | 0.14 | 1.24 | 1.44 | 0.38 | 2.42 | 0.39 | 0.10 | 0.71 | 0.14 | 2.36 | 4.11 | 1.62 | 1.46 | 0.16 | 1.05 | 0.32 | 1.09 | 1.83 | 2.19 | 3.47 | 4.51 | 67.70 | 16.19 |
PHR | 19 | 2.12 | 0.03 | 0.32 | 0.09 | 5.46 | 0.21 | 2.31 | 0.04 | 3.11 | 0.27 | 3.96 | 0.01 | 7.64 | 0.33 | 3.58 | 0.04 | 4.61 | 0.20 | 26.74 | 0.43 | 0.09 | 0.05 | 3.38 | 0.14 | 2.14 | 0.55 | 3.00 | 0.05 | 2.91 | 0.02 | 5.63 | 0.17 | 2.99 | 0.06 | 3.72 | 0.06 | 3.07 | 0.35 | 3.92 | 0.06 | 5.94 | 0.20 | 73.30 | 20.03 |