SPDR MSCI Correlations
| QWLD Etf | USD 125.42 0.00 0.00% |
The current 90-days correlation between SPDR MSCI World and SPDR MSCI EAFE is 0.71 (i.e., Poor 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.
SPDR MSCI Correlation With Market
Very weak diversification
The correlation between SPDR MSCI World and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR MSCI World and DJI in the same portfolio, assuming nothing else is changed.
SPDR |
Moving together with SPDR Etf
| 0.83 | VT | Vanguard Total World | PairCorr |
| 0.8 | ACWI | iShares MSCI ACWI | PairCorr |
| 0.96 | ACWV | iShares MSCI Global | PairCorr |
| 0.7 | URTH | iShares MSCI World | PairCorr |
| 0.7 | CRBN | iShares MSCI ACWI | PairCorr |
| 0.95 | GLOV | Goldman Sachs ActiveBeta | PairCorr |
| 0.67 | KOKU | Xtrackers MSCI Kokusai | PairCorr |
| 0.8 | SPGM | SPDR Portfolio MSCI | PairCorr |
| 0.63 | SDG | iShares MSCI Global | PairCorr |
| 0.63 | NVDX | T Rex 2X Buyout Trend | PairCorr |
| 0.67 | PG | Procter Gamble Earnings Call Tomorrow | PairCorr |
| 0.82 | HD | Home Depot | PairCorr |
| 0.64 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.77 | VZ | Verizon Communications Earnings Call Tomorrow | PairCorr |
Moving against SPDR Etf
| 0.52 | VCAR | Simplify Volt RoboCar Symbol Change | PairCorr |
| 0.5 | WTID | UBS ETRACS | PairCorr |
| 0.33 | TSLL | Direxion Shares ETF Buyout Trend | PairCorr |
| 0.53 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.93 | 0.38 | 0.06 | -0.05 | QEFA | ||
| 0.93 | 0.26 | -0.07 | -0.12 | QEMM | ||
| 0.38 | 0.26 | 0.93 | 0.85 | QUS | ||
| 0.06 | -0.07 | 0.93 | 0.94 | VLU | ||
| -0.05 | -0.12 | 0.85 | 0.94 | SMLV | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| QEFA | 0.56 | (0.11) | 0.00 | (0.68) | 0.00 | 0.95 | 3.79 | |||
| QEMM | 0.58 | (0.11) | 0.00 | (0.43) | 0.00 | 0.98 | 4.29 | |||
| QUS | 0.47 | (0.03) | 0.00 | (0.06) | 0.00 | 0.88 | 4.79 | |||
| VLU | 0.54 | 0.02 | 0.01 | 0.08 | 0.66 | 1.00 | 6.30 | |||
| SMLV | 1.02 | 0.06 | 0.04 | 0.14 | 1.14 | 2.14 | 13.80 |