SPDR MSCI Correlations

EEMX Etf

USD 33.30 0.02 0.06%

The current 90-days correlation between SPDR MSCI Emerging and SPDR MSCI Emerging is -0.22 (i.e., Very good diversification). The correlation of SPDR MSCI is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

SPDR MSCI Correlation With Market

Modest diversification

The correlation between SPDR MSCI Emerging and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR MSCI Emerging and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in SPDR MSCI Emerging. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with SPDR Etf

0.99	VWO	Vanguard FTSE Emerging	Pair Corr
0.99	IEMG	iShares Core MSCI	Pair Corr
0.96	EMC	Global X Funds	Pair Corr
1.0	EEM	iShares MSCI Emerging	Pair Corr
0.99	SPEM	SPDR Portfolio Emerging	Pair Corr
0.98	FNDE	Schwab Fundamental	Pair Corr
1.0	ESGE	iShares ESG Aware	Pair Corr
0.62	DGS	WisdomTree Emerging	Pair Corr
1.0	XSOE	WisdomTree Emerging	Pair Corr
0.66	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Moving against SPDR Etf

0.46

Procter Gamble Sell-off Trend

Pair Corr

Related Correlations Analysis

	QEMM	EFAX	EMTL	QEFA	SPYX
QEMM		0.58	0.71	0.44	0.13	QEMM
EFAX	0.58		0.62	0.94	-0.56	EFAX
EMTL	0.71	0.62		0.58	-0.04	EMTL
QEFA	0.44	0.94	0.58		-0.67	QEFA
SPYX	0.13	-0.56	-0.04	-0.67		SPYX
	QEMM	EFAX	EMTL	QEFA	SPYX

Click cells to compare fundamentals

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

QEFA	+ 0.94	EFAX
EMTL	+ 0.71	QEMM
EMTL	+ 0.62	EFAX
EFAX	+ 0.58	QEMM
QEFA	+ 0.58	EMTL
QEFA	+ 0.44	QEMM

High negative correlations

SPYX	- 0.67	QEFA
SPYX	- 0.56	EFAX
SPYX	- 0.04	EMTL

SPDR MSCI Constituents Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR MSCI 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 MSCI'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
QEMM	0.70	(0.01)	0.00	0.24	0.00	0.00	1.87	(1.90)	5.22
EFAX	0.65	(0.09)	0.00	4.11	0.00	0.00	0.98	(1.43)	4.12
EMTL	0.10	(0.01)	(1.06)	(0.12)	0.09	(0.12)	0.23	(0.19)	0.54
QEFA	0.60	(0.13)	0.00	(0.21)	0.00	0.00	1.22	(1.42)	3.61
SPYX	0.57	0.10	(0.04)	(4.31)	0.67	(0.64)	1.18	(1.40)	3.89

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