All numbers are hypothetical. Change data only in cells colored yellow.

Correlation matrix

Expected
Weight (wn) Annual volatility (σn) returns wnσn Gold
Gold 20% 10% 39% 0.02 Gold 1
T-bonds 10% 5% 29% 0.005 T-bonds 0.5
Equities 40% 60% 30% 0.24 Equities 0.5
Crude 5% 30% 25% 0.015 Crude 0.5
Wheat 15% 25% 12% 0.0375 Wheat 0.5
EUR 10% 40% 7% 0.04 EUR 0.5
Total 100%

Expected returns = 26.45%

Transpose
this to get
this matrix

Annual volatility

Annual variance = 0.09453125

Therefore volatility = 30.75%
Assume risk free rate = 10%
Sharpe Ratio = 0.535030083343586
Correlation matrix

T-bonds Equities Crude Wheat EUR

0.5 0.5 0.5 0.5 0.5 Note that this matrix is symmetrical, ie the
1 0.5 0.5 0.5 0.5 correlation of Gold and Wheat is the same
as the correlation of Wheat and Gold. The
0.5 1 0.5 0.5 0.5 blue cells therefore need no data entry.
0.5 0.5 1 0.5 0.5 Also, the correlation of an asset with itself
0.5 0.5 0.5 1 0.5 is always 1.
0.5 0.5 0.5 0.5 1