Correlation & Drawdown Analyzer

Optimize multi-strategy portfolios using MT5 backtest data

Local Processing (Private)
Combined Net Profit
$0.00
Max Equity Drawdown
$0.00
Best: N/A
Worst: N/A
Max Balance Drawdown
$0.00
Best: N/A
Worst: N/A
Diversification Benefit
$0.00

Equity Curves Comparison & Combined Portfolio

No Data Loaded

Load your MT5 backtest CSV files to view the interactive portfolio chart.

Pearson Correlation Matrix calculated from daily equity changes. Correlation coefficients range from -1.00 (perfect hedge) to +1.00 (identical performance). Near 0.00 indicates independent strategies.

Load multiple CSV files to generate the correlation matrix.

Redundancy Alert (High Positive Correlation)

These strategy pairs are highly correlated (r > 0.70). Running both increases drawdown risk without offering diversification benefits. Consider selecting only the best-performing one.

  • No high positive correlations found.

Hedging & Diversification Pairs (Negative Correlation)

These strategy pairs exhibit negative or low correlation (r < -0.10). When one experiences a drawdown, the other is likely rising or flat. They form excellent diversification partners.

  • No negative correlations found.

Smart Correlation Groupings

We've categorized your strategies into positive correlation clusters and isolated hedging groups to help you build a diversified portfolio.

Load data to compute strategy clusters.
Strategy Name Status Starting Balance Ending Balance / Equity Net Profit ($) Net Profit (%) Max Balance DD ($ / %) Max Equity DD ($ / %)
No data loaded yet.

MetaTrader 5 Backtest Export Guide

To analyze and compare multiple trading strategies or optimization settings, you must export their equity and balance curves over identical timeframes. Follow the steps below:

1

Define a Uniform Testing Period

In the MT5 Strategy Tester, ensure the Date range (Start Date and End Date) is exactly the same for all EAs and configurations you plan to compare. Running tests on different periods will skew the correlation metrics.

2

Run the Single Backtest

Select your Expert Advisor (EA), symbol, and settings, then click Start to run a single backtest. Wait for the backtest to complete fully.

3

Export Graph Data to CSV

Go to the Graph tab at the bottom of the MT5 workspace. Right-click anywhere on the equity curve chart, and select Export to CSV. Save the file with a descriptive name (e.g., EA_Name_EURUSD.csv).

4

Repeat and Load

Repeat the steps for each EA or parameter set. Drag and drop all the exported CSV files into the analyzer drop zone to view the correlation heatmap and combined drawdowns.