SSGA SPDR Competition

ZPR5 Etf

EUR 23.05 0.01 0.04%

SSGA SPDR ETFs competes with Vanguard EUR, WisdomTree Physical, IShares MSCI, and IShares Public; as well as few others. Analyzing SSGA SPDR competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of SSGA SPDR to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out SSGA SPDR Correlation with its peers.

SSGA SPDR vs HSBC MSCI Correlation

Excellent diversification

The correlation between SSGA SPDR ETFs and H410 is -0.62 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SSGA SPDR ETFs and H410 in the same portfolio, assuming nothing else is changed.

Moving against SSGA Etf

0.78	AMEE	Amundi ETF MSCI	Pair Corr
0.77	DVDG	Franklin Global Quality	Pair Corr
0.75	SXRZ	iShares VII PLC	Pair Corr
0.74	D6RD	Deka Future Energy	Pair Corr
0.72	IQQA	iShares Euro Dividend	Pair Corr

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Hype

Prediction

Low	Estimated	High
22.65	23.05	23.45

Details

Intrinsic

Valuation

Low	Real	High
21.58	21.98	25.36

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as SSGA SPDR. Your research has to be compared to or analyzed against SSGA SPDR's peers to derive any actionable benefits. When done correctly, SSGA SPDR's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in SSGA SPDR ETFs.

SSGA SPDR Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between SSGA SPDR 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 SSGA 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 SSGA SPDR ETFs does not affect the price movement of the other competitor.

	ZPR5	VGEA	VZLC	IQQE	IQQF	DBX8	DBX9	EGV3	ETSZ	H410
ZPR5		-0.5	-0.39	-0.65	-0.62	-0.72	-0.27	-0.74	-0.66	-0.62	ZPR5
VGEA	-0.5		0.33	0.69	0.69	0.66	0.44	0.79	0.51	0.69	VGEA
VZLC	-0.39	0.33		0.78	0.79	0.8	0.75	0.69	0.82	0.79	VZLC
IQQE	-0.65	0.69	0.78		0.99	0.98	0.86	0.92	0.94	1.0	IQQE
IQQF	-0.62	0.69	0.79	0.99		0.98	0.86	0.91	0.92	1.0	IQQF
DBX8	-0.72	0.66	0.8	0.98	0.98		0.8	0.94	0.94	0.98	DBX8
DBX9	-0.27	0.44	0.75	0.86	0.86	0.8		0.69	0.84	0.86	DBX9
EGV3	-0.74	0.79	0.69	0.92	0.91	0.94	0.69		0.86	0.92	EGV3
ETSZ	-0.66	0.51	0.82	0.94	0.92	0.94	0.84	0.86		0.93	ETSZ
H410	-0.62	0.69	0.79	1.0	1.0	0.98	0.86	0.92	0.93		H410
	ZPR5	VGEA	VZLC	IQQE	IQQF	DBX8	DBX9	EGV3	ETSZ	H410

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High positive correlations

H410	+ 1.0	IQQE
H410	+ 1.0	IQQF
IQQF	+ 0.99	IQQE
DBX8	+ 0.98	IQQE
DBX8	+ 0.98	IQQF
H410	+ 0.98	DBX8

High negative correlations

EGV3	- 0.74	ZPR5
DBX8	- 0.72	ZPR5
ETSZ	- 0.66	ZPR5
IQQE	- 0.65	ZPR5
H410	- 0.62	ZPR5
IQQF	- 0.62	ZPR5

SSGA SPDR Constituents Risk-Adjusted Indicators

There is a big difference between SSGA Etf performing well and SSGA SPDR 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 SSGA SPDR's 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
ZPR5	0.28	(0.05)	0.00	0.64	0.00	0.00	0.42	(0.67)	2.60
VGEA	0.12	0.00	(0.23)	0.05	0.11	(0.14)	0.29	(0.29)	0.63
VZLC	3.27	0.68	0.11	0.64	5.38	(3.46)	6.36	(4.24)	32.10
IQQE	0.69	0.13	0.11	27.80	0.59	(0.84)	1.54	(1.27)	4.27
IQQF	0.81	0.14	0.10	(4.13)	0.68	(0.91)	1.68	(1.45)	5.98
DBX8	1.55	0.53	0.38	(2.58)	0.82	(2.02)	4.03	(2.00)	9.14
DBX9	0.65	0.03	(0.01)	(0.94)	0.71	(0.76)	1.42	(1.16)	3.15
EGV3	0.04	0.00	(0.93)	(0.45)	0.00	(0.04)	0.07	(0.07)	0.22
ETSZ	0.49	0.09	0.08	0.40	0.53	(0.53)	1.22	(1.24)	3.05
H410	0.68	0.11	0.09	22.87	0.58	(0.84)	1.58	(1.21)	4.25

SSGA SPDR Competitive Analysis

The better you understand SSGA SPDR competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, SSGA SPDR's 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 SSGA SPDR's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	ZPR5	VGEA	VZLC	IQQE	IQQF	DBX8	DBX9	EGV3	ETSZ	H410
	0.04 23.05 SSGA	0.08 24.27 Vanguard	4.10 56.42 WisdomTree	0.04 51.59 IShares	1.24 69.34 IShares	1.40 141.18 Xtrackers	1.05 34.56 Xtrackers	0.03 122.31 MULTI	0.15 20.02 Easy	0.23 13.06 HSBC
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Weakest	Fair	Good	Solid	Solid	Strong	Fair	Good	Solid	Solid
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Fairly Valued	Over Valued	Under Valued	Over Valued	Over Valued	Over Valued	Over Valued	Fairly Valued	Under Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Cautious Hold	Hold	Strong Buy	Strong Sell	Strong Hold	Strong Sell	Strong Sell	Strong Hold	Strong Buy
Equity Positions Weight	N/A	N/A	N/A	99.23	99.3	100.0	N/A	N/A	99.82	76.56
Three Year Return	6.5	3.1	49.3	18.0	17.7	31.6	9.9	2.9	13.2	14.0
Net Asset	195.74 M	1.25 B	N/A	4.19 B	2.06 B	146.82 M	N/A	N/A	1.22 B	239.67 M
Five Year Return	2.3	-2.3	22.8	4.0	2.2	8.8	-4.5	0.5	11.3	4.2
One Year Return	7.4	1.5	233.1	44.2	48.9	147.8	29.5	2.3	14.5	25.7
Bond Positions Weight	96.24	100.0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Ten Year Return	2.7	N/A	16.1	10.4	10.3	13.7	5.4	N/A	10.0	9.5
Beta	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1.01	N/A	N/A
Day Typical Price	23.14	24.28	56.81	51.42	69.53	142.25	34.45	122.31	19.99	13.05
Accumulation Distribution	0.0116	0.0012	354.59	0.0097	0.0109	0.0291	5.49	6.0E-4	0.004	0.0092
Market Facilitation Index	0.27	0.03	2.0E-4	0.5	0.76	4.22	5.0E-4	0.07	0.08	0.12
Daily Balance Of Power	0.037	0.6667	(1.35)	(0.04)	(1.14)	(0.47)	1.125	(0.57)	0.375	(0.25)
Period Momentum Indicator	0.01	0.02	(2.41)	(0.02)	(0.87)	(2.00)	0.36	(0.04)	0.03	(0.03)
Rate Of Daily Change	1.0	1.0	0.96	1.0	0.99	0.99	1.01	1.0	1.0	1.0
Day Median Price	23.19	24.29	57.0	51.34	69.63	142.79	34.4	122.32	19.98	13.05
Price Action Indicator	(0.13)	(0.01)	(1.78)	0.24	(0.72)	(2.61)	0.34	(0.03)	0.055	(0.01)
Relative Strength Index	29.11	67.43	84.34	64.34	72.92	77.11	46.23	72.36	60.58	71.99
Coefficient Of Variation	(811.53)	1384.19	656.12	629.2	743.76	376.97	1904.15	534.82	575.74	685.02
Mean Deviation	0.2803	0.1216	3.27	0.6887	0.8062	1.55	0.6542	0.0365	0.4933	0.68
Jensen Alpha	(0.05)	1.0E-4	0.6782	0.1277	0.1352	0.5311	0.0343	(0)	0.094	0.1141
Total Risk Alpha	(0.08)	(0.01)	0.4655	0.0809	0.0759	0.4138	(0.01)	(0)	0.0694	0.0682
Sortino Ratio	N/A	(0.23)	0.1105	0.1129	0.0994	0.3823	(0.01)	(0.93)	0.0841	0.0932
Downside Variance	N/A	0.0328	38.35	0.5648	0.8332	1.57	0.5698	0.0022	0.5489	0.5853
Standard Deviation	0.3926	0.158	4.84	0.8676	1.07	2.01	0.8144	0.0472	0.664	0.8517
Kurtosis	4.6	0.1841	10.98	(0.04)	2.38	1.61	0.1238	0.9935	0.6884	(0.07)
Potential Upside	0.4221	0.2902	6.36	1.54	1.68	4.03	1.42	0.0739	1.22	1.58
Treynor Ratio	0.6394	0.048	0.6362	27.8	(4.13)	(2.58)	(0.94)	(0.45)	0.3984	22.87
Maximum Drawdown	2.6	0.6281	32.1	4.27	5.98	9.14	3.15	0.222	3.05	4.25
Variance	0.1541	0.025	23.41	0.7528	1.14	4.03	0.6633	0.0022	0.4409	0.7254
Market Risk Adjusted Performance	0.6494	0.058	0.6462	27.81	(4.12)	(2.57)	(0.93)	(0.44)	0.4084	22.88
Risk Adjusted Performance	(0.11)	0.0171	0.1295	0.1272	0.1094	0.2169	0.042	(0.01)	0.1361	0.1167
Skewness	(1.39)	(0.31)	(2.43)	0.2289	0.8973	1.14	(0.03)	0.0239	(0.22)	0.1905
Semi Deviation	N/A	0.1099	5.38	0.5852	0.6839	0.8241	0.7138	0.0	0.5332	0.5758
Information Ratio	(0.26)	(0.26)	0.1415	0.0978	0.0849	0.2388	(0.01)	(0.94)	0.0938	0.0837
Value At Risk	(0.67)	(0.29)	(4.24)	(1.27)	(1.45)	(2.00)	(1.16)	(0.07)	(1.24)	(1.21)
Expected Short fall	N/A	(0.14)	(3.46)	(0.84)	(0.91)	(2.02)	(0.76)	(0.04)	(0.53)	(0.84)
Downside Deviation	N/A	0.1811	6.19	0.7515	0.9128	1.25	0.7548	0.0474	0.7409	0.765
Semi Variance	N/A	0.0121	28.96	0.3424	0.4677	0.6791	0.5095	(0.01)	0.2843	0.3315

SSGA SPDR Competition Performance Charts

Five steps to successful analysis of SSGA SPDR Competition

SSGA SPDR's 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 SSGA SPDR ETFs in relation to its competition. SSGA SPDR's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of SSGA SPDR 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 SSGA SPDR's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to SSGA SPDR ETFs, 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.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your SSGA SPDR position

In addition to having SSGA SPDR 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.

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Sports

Companies in sporting activities arena as well as manufacturers of sporting goods and sport retailers. The Sports theme has 25 constituents at this time.

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Other Information on Investing in SSGA Etf

SSGA SPDR financial ratios help investors to determine whether SSGA Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SSGA with respect to the benefits of owning SSGA SPDR security.

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