Question: Given the following: SP500 return is 2%, variance is 5% WMT return is 3%, variance is 11% the SP500 and Bitcoin have a correlation measured

Given the following: SP500 return is 2%, variance is 5% WMT return is 3%, variance is 11% the SP500 and Bitcoin have a correlation measured 0.45 Since there is a positive correlation between SP500 and Bitcoin, we should not be able construct a portfolio of these 2 assets and expect to reduce risk. True or False

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