SPDR Series Competition
| SPDG Etf | 42.72 0.22 0.52% |
SPDR Series vs IShares MSCI Correlation
Poor diversification
The correlation between SPDR Series Trust and EQLT is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Series Trust and EQLT in the same portfolio, assuming nothing else is changed.
Moving together with SPDR Etf
| 0.94 | VTV | Vanguard Value Index | PairCorr |
| 0.98 | VYM | Vanguard High Dividend | PairCorr |
| 0.98 | IWD | iShares Russell 1000 | PairCorr |
| 0.98 | DGRO | iShares Core Dividend | PairCorr |
| 0.97 | IVE | iShares SP 500 | PairCorr |
Moving against SPDR Etf
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SPDR Series' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SPDR Series Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between SPDR Series and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of SPDR and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of SPDR Series Trust does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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SPDR Series Constituents Risk-Adjusted Indicators
There is a big difference between SPDR Etf performing well and SPDR Series ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze SPDR Series' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DMCY | 0.51 | 0.09 | 0.10 | 0.21 | 0.50 | 1.13 | 2.84 | |||
| TXSS | 0.39 | (0.04) | 0.00 | 0.49 | 0.00 | 1.09 | 6.73 | |||
| NIKL | 1.97 | 0.37 | 0.19 | 0.31 | 1.76 | 4.49 | 10.16 | |||
| EMDM | 0.76 | 0.34 | 0.28 | 1.97 | 0.62 | 1.84 | 3.75 | |||
| INFR | 0.39 | 0.02 | (0.07) | 0.75 | 0.48 | 0.98 | 2.68 | |||
| FIXP | 0.12 | 0.03 | (0.19) | 0.69 | 0.00 | 0.25 | 0.75 | |||
| SHRT | 0.53 | (0.07) | 0.00 | 0.59 | 0.00 | 0.96 | 3.08 | |||
| DFND | 0.34 | 0.04 | (0.03) | 0.46 | 0.22 | 1.44 | 3.03 | |||
| VNIE | 0.53 | (0.01) | (0.05) | 0.05 | 0.60 | 1.11 | 3.28 | |||
| EQLT | 0.70 | 0.12 | 0.11 | 0.25 | 0.62 | 1.78 | 3.67 |
SPDR Series Competitive Analysis
The better you understand SPDR Series competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, SPDR Series' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across SPDR Series' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
SPDR Series Competition Performance Charts
Five steps to successful analysis of SPDR Series Competition
SPDR Series' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by SPDR Series Trust in relation to its competition. SPDR Series' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of SPDR Series in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact SPDR Series' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to SPDR Series Trust, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your SPDR Series position
In addition to having SPDR Series in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Restaurants Thematic Idea Now
Restaurants
Entities that are involved in restaurant business, as well as coffee shop chains and other eateries. The Restaurants theme has 13 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Restaurants Theme or any other thematic opportunities.
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Check out SPDR Series Correlation with its peers. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Understanding SPDR Series Trust requires distinguishing between market price and book value, where the latter reflects SPDR's accounting equity. The concept of intrinsic value—what SPDR Series' is actually worth based on fundamentals—guides informed investors toward better entry and exit points. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Market sentiment, economic cycles, and investor behavior can push SPDR Series' price substantially above or below its fundamental value.
Please note, there is a significant difference between SPDR Series' value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Series is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, SPDR Series' trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.