SPDR Dow Correlations

RWR Etf

USD 99.77 0.30 0.30%

The current 90-days correlation between SPDR Dow Jones and iShares Cohen Steers is 0.98 (i.e., Almost no diversification). The correlation of SPDR Dow 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 Dow Correlation With Market

Weak diversification

The correlation between SPDR Dow Jones and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Dow Jones and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in SPDR Dow Jones. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with SPDR Etf

0.99	VNQ	Vanguard Real Estate	Pair Corr
0.76	HHH	Howard Hughes	Pair Corr
0.86	XLRE	Real Estate	Pair Corr
0.67	SITC	Site Centers Corp	Pair Corr
0.93	IYR	iShares Real Estate	Pair Corr
0.99	ICF	iShares Cohen Steers	Pair Corr
1.0	USRT	iShares Core REIT	Pair Corr
0.97	IRET	iREIT MarketVector	Pair Corr
0.68	GRNB	VanEck Green Bond	Pair Corr
0.62	RODM	Hartford Multifactor	Pair Corr
0.8	CRED	Columbia ETF Trust	Pair Corr
0.73	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.85	HPQ	HP Inc	Pair Corr
0.87	TRV	The Travelers Companies	Pair Corr
0.91	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.72	JNJ	Johnson Johnson	Pair Corr
0.84	VZ	Verizon Communications	Pair Corr

Moving against SPDR Etf

0.69	RTL	Pacer Financial	Pair Corr
0.73	BA	Boeing	Pair Corr
0.33	CSCO	Cisco Systems	Pair Corr
0.31	WMT	Walmart Aggressive Push	Pair Corr

Related Correlations Analysis

	ICF	IYR	RWX	IDU	IGE
ICF		0.93	0.84	0.83	0.59	ICF
IYR	0.93		0.81	0.76	0.51	IYR
RWX	0.84	0.81		0.61	0.47	RWX
IDU	0.83	0.76	0.61		0.76	IDU
IGE	0.59	0.51	0.47	0.76		IGE
	ICF	IYR	RWX	IDU	IGE

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SPDR Dow Constituents Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR Dow 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 Dow'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
ICF	0.91	(0.15)	0.00	(0.23)	0.00	0.00	1.56	(1.90)	5.52
IYR	0.92	(0.11)	0.00	(1.19)	0.00	0.00	1.64	(1.73)	5.71
RWX	0.67	(0.12)	0.00	(0.27)	0.00	0.00	1.11	(1.31)	3.47
IDU	0.83	(0.07)	0.00	(0.09)	0.00	0.00	1.68	(2.00)	4.34
IGE	0.74	(0.03)	(0.07)	0.03	1.05	(0.71)	1.31	(1.72)	6.07

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