Portfolio Risk, Number of Assets, and Average

Correlation
0
20
40
60
80
100
120
0 50 100 150 200
Number of Assets
P
o
r
t
f
o
l
i
o

V
a
r
i
a
n
c
e
CORR=1.0
CORR=0.5
CORR=0.25
CORR=0.0