SPDR Refinitiv Correlations

Etfs . Switzerland . 
Etf . SPDR Refinitiv Global
GCVC Etf  CHF 46.75  0.14  0.30%   
The current 90-days correlation between SPDR Refinitiv Global and Xtrackers SP 500 is -0.22 (i.e., Very good diversification). The correlation of SPDR Refinitiv 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 Refinitiv Correlation With Market

Very poor diversification

The correlation between SPDR Refinitiv Global and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Refinitiv Global and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to SPDR Refinitiv 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 Refinitiv 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 Refinitiv - 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 Refinitiv Global to buy it.

Moving together with SPDR Etf

  0.93IJPE iShares MSCI JapanPairCorr
  0.96IEMS iShares MSCI EMPairCorr
  0.89SWICHA UBS ETF MSCIPairCorr
  0.9ESGW Invesco MSCI WorldPairCorr
  0.96IWQU iShares Edge MSCIPairCorr
  0.85STWX SPDR MSCI EuropePairCorr
  0.93IUES iShares SP 500PairCorr
  0.89GLDV SPDR SP GlobalPairCorr
  0.96FGQC Fidelity Global QualPairCorr
  0.93BCCMA UBS Fund SolutionsPairCorr
  0.87SMICHA UBS ETF SMIPairCorr
  0.62LYFINW Lyxor MSCI WorldPairCorr
  0.9SXEPEX iShares STOXX EuropePairCorr
  0.82XMKO Xtrackers MSCI KoreaPairCorr
  0.73E909 Lyxor 1 DAXPairCorr
  0.95SXXEEX iShares EURO STOXXPairCorr
  0.96AFLT Amundi Index SolutionsPairCorr
  0.97C2MV Ossiam Europe ESGPairCorr
  0.96USFMA UBS ETF plcPairCorr
  0.9SBEMA UBSFund SolutionsPairCorr
  0.94XDWI Xtrackers MSCI WorldPairCorr
  0.72CBSEUS UBSFund SolutionsPairCorr
  0.88AUHEUA UBS ETF plcPairCorr
  0.88MIDD iShares FTSE 250PairCorr
  0.66PLUSA UBS ETF PalladiumPairCorr
  0.98IEEM iShares MSCI EMPairCorr
  0.92JPHG Amundi Index SolutionsPairCorr
  0.95AUCHAH UBS ETF GoldPairCorr
  0.83EUNE iShares Core EUROPairCorr
  0.91IBTS iShares Treasury BondPairCorr
  0.93C50 Amundi Index SolutionsPairCorr
  0.88SW2UKD UBSFund Solutions MSCIPairCorr
  0.97WMAT SPDR MSCI WorldPairCorr
  0.74AGGU iShares Core GlobalPairCorr

Moving against SPDR Etf

  0.32SPME iShares Edge SPPairCorr

Related Correlations Analysis


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

XSMC
+ 1.0
CSSMI
XDUE
+ 0.94
CSSMI
XDUE
+ 0.94
XSMC
XDUE
+ 0.88
AUCHAH
CSSMI
+ 0.78
AUCHAH
XSMC
+ 0.77
AUCHAH
  

High negative correlations

CSSMI
- 0.59
IBGS
AUCHAH
- 0.59
IBGS
XSMC
- 0.57
IBGS
XDUE
- 0.53
IBGS
XDPC
- 0.45
X03H
X03H
- 0.45
IBGS

SPDR Refinitiv Constituents Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR Refinitiv 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 Refinitiv'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in SPDR Refinitiv 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.

Did you try this?

Run Pattern Recognition Now

   

Pattern Recognition

Use different Pattern Recognition models to time the market across multiple global exchanges
All  Next Launch Module
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY