with respect,

x y

covariance matrix = x= 11.8107538 0.2505373

y= 0.2505373 9.7231033

i am using RStudio for my analysis, i calculate this conditional covariance matrix, now i have problem to suggest which asset as a hedge and which one as a unhedged asset. and if someone have Rstudio code for this analysis kindly share it with me i would be thankful.