Based on this table of correlation coefficients of real dollar returns of assets in different countries,which two countries appear to provide the greatest amount of benefit from diversification?

Question

Quizplus · Accepted Answer

Japan and Brazil have the lowest correlation coefficient of -0.08, indicating that their returns are the least dependent on each other. This provides the greatest benefit from diversification as combining these assets in a portfolio would result in lower overall risk. The correlation coefficients for the other country pairs are higher, indicating a greater dependence between their returns.

Based on This Table of Correlation Coefficients of Real Dollar