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US Large Cap Equity US Mid Cap Equity US Small Cap Equity Amet Class Correlatione 10-year Frontier Emerging Emerging Mkts Global Devipd Global (ex-Us) Global

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US Large Cap Equity US Mid Cap Equity US Small Cap Equity Amet Class Correlatione 10-year Frontier Emerging Emerging Mkts Global Devipd Global (ex-Us) Global (ex-Us) Markets Markets Small-cap Mkt Eq Lge Cap Eq Smll Cap 4 Frontier Markets 1.00 Emerging Markets 0.62 1.00 Emergine Mkta Smail.com 0.63 0.96 1.00 Global Devipd Mkt Eq 0.65 0.88 0.85 1.00 Global (ex-Us) Le Cup Eq 0.67 0.90 0.87 0.98 1.00 Global (ex-Us) Small Cap a 0.65 0.90 0.90 0.93 0.95 1.00 US Large Cup Equity 0.60 0.80 0.77 0.97 0.89 0.85 us Mid Cap Equity 0.59 0.81 0.79 0.95 0.88 0.87 US Small Cap Equity 0.50 0.74 0.70 0.88 0.80 0.79 Source:evestment Alliance Driehus Capital Management 1.00 0.97 0.93 1.00 0.96 1.00 Which asset pair provides the most diversification benefits? (Choose two.) Which asset pair provides the most diversification benefits? (Choose two.) 0 0 Frontier Markets Emerging Markets Emerging Mkts Small-cap Global Devipd Mkt Eq Global (ex-US) Lge Cap Eq Global (ex-US) Smll Cap a US Large Cap Equity US Mid Cap Equity US Small Cap Equity

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