SPDR Bloomberg Correlations

EMDL Etf

CHF 45.97 0.01 0.02%

The current 90-days correlation between SPDR Bloomberg Emerging and Amundi Index Solutions is -0.11 (i.e., Good diversification). The correlation of SPDR Bloomberg 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 Bloomberg Correlation With Market

Very good diversification

The correlation between SPDR Bloomberg Emerging and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Bloomberg Emerging and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to SPDR Bloomberg could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SPDR Bloomberg when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SPDR Bloomberg - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SPDR Bloomberg Emerging to buy it.

Moving together with SPDR Etf

0.65

IEML

iShares JP Morgan

Pair Corr

Moving against SPDR Etf

0.61	DCUSAS	UBS Fund Solutions	Pair Corr
0.6	EMLB	PIMCO Emerging Markets	Pair Corr
0.52	CISB	iShares Smart City	Pair Corr
0.51	USMUFE	UBS ETF plc	Pair Corr
0.49	AFLT	Amundi Index Solutions	Pair Corr
0.48	JPESG	UBS ETF plc	Pair Corr
0.47	STNX	SPDR MSCI Europe	Pair Corr
0.46	DGRA	WisdomTree Quality	Pair Corr
0.45	AUCO	LG Gold Mining	Pair Corr
0.43	IJPN	iShares MSCI Japan	Pair Corr
0.42	GGMUSY	UBS ETF plc	Pair Corr
0.42	IAUP	iShares Gold Producers	Pair Corr
0.41	GDXJ	VanEck Junior Gold	Pair Corr
0.41	SWDA	iShares Core MSCI	Pair Corr
0.38	LYLVE	Lyxor Euro Stoxx	Pair Corr
0.37	ZSILUS	ZKB Silver ETF	Pair Corr
0.36	SVUSA	UBS ETF Silver	Pair Corr
0.35	GDX	VanEck Gold Miners	Pair Corr
0.33	C50	Amundi Index Solutions	Pair Corr
0.32	IBZL	iShares MSCI Brazil	Pair Corr
0.31	WHEA	SPDR MSCI World	Pair Corr
0.65	WENE	iShares MSCI World	Pair Corr
0.59	RGLDOH	Raiffeisen ETF Solid	Pair Corr
0.56	MXFS	Invesco MSCI Emerging	Pair Corr
0.55	JEST	JPM EUR Ultra	Pair Corr
0.55	CCEUA	UBS Fund Solutions	Pair Corr
0.55	EGUSAS	UBS Fund Solutions	Pair Corr
0.54	RGRT	Raiffeisen ETF Solid	Pair Corr
0.53	GLDVD	UBS ETF plc	Pair Corr
0.5	IGIL	iShares Global Inflation	Pair Corr
0.47	IWQU	iShares Edge MSCI	Pair Corr

Related Correlations Analysis

	WOPA	XSMI	VEVE	SJPA	VWRL	CSBGU3	C50
WOPA		0.87	0.55	0.93	0.54	0.91	0.72	WOPA
XSMI	0.87		0.63	0.85	0.7	0.94	0.5	XSMI
VEVE	0.55	0.63		0.53	0.84	0.47	0.46	VEVE
SJPA	0.93	0.85	0.53		0.52	0.89	0.66	SJPA
VWRL	0.54	0.7	0.84	0.52		0.57	0.47	VWRL
CSBGU3	0.91	0.94	0.47	0.89	0.57		0.51	CSBGU3
C50	0.72	0.5	0.46	0.66	0.47	0.51		C50
	WOPA	XSMI	VEVE	SJPA	VWRL	CSBGU3	C50

SPDR Bloomberg Constituents Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR Bloomberg 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 Bloomberg'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
WOPA	0.54	0.16	0.13	(0.51)	0.49	(0.64)	1.19	(1.10)	3.45
XSMI	0.45	0.15	0.21	1.01	0.25	(0.55)	1.09	(0.84)	3.60
VEVE	0.69	0.00	(0.05)	0.08	0.93	(0.68)	1.58	(1.48)	4.06
SJPA	0.87	0.24	0.20	3.03	0.64	(1.06)	1.97	(1.27)	4.18
VWRL	0.56	0.01	(0.03)	0.06	0.67	(0.59)	1.19	(1.21)	3.57
CSBGU3	0.05	0.01	(0.60)	0.47	0.00	(0.06)	0.13	(0.08)	0.35
C50	0.56	0.11	0.12	0.58	0.48	(0.65)	1.30	(1.09)	3.34

Be your own money manager

Our tools can tell you how much better you can do entering a position in SPDR Bloomberg without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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