SPDR Dow Correlations

RWX Etf

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The current 90-days correlation between SPDR Dow Jones and SPDR Dow Jones is 0.56 (i.e., Very weak 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

Average diversification

The correlation between SPDR Dow Jones and DJI is 0.18 (i.e., Average 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

0.72	REET	iShares Global REIT	Pair Corr
0.81	RWO	SPDR Dow Jones	Pair Corr
0.92	HAUZ	Xtrackers International	Pair Corr
0.84	AVRE	Avantis Real Estate	Pair Corr
0.98	IFGL	iShares International	Pair Corr
0.87	WTRE	WisdomTree New Economy	Pair Corr
0.95	KO	Coca Cola Aggressive Push	Pair Corr
0.64	PG	Procter Gamble	Pair Corr
0.79	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Moving against SPDR Etf

0.91	MEME	Roundhill Investments	Pair Corr
0.88	RSPY	Tuttle Capital Management	Pair Corr
0.85	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.79	DSJA	DSJA	Pair Corr
0.69	SPY	SPDR SP 500	Pair Corr
0.64	PPA	Invesco Aerospace Defense	Pair Corr
0.51	DRW	DRW	Pair Corr
0.82	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.8	CSCO	Cisco Systems	Pair Corr
0.74	DIS	Walt Disney Aggressive Push	Pair Corr
0.68	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.65	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.59	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.5	T	ATT Inc Aggressive Push	Pair Corr
0.45	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.32	HD	Home Depot	Pair Corr

Related Correlations Analysis

	RWR	RWO	GWX	ICF	IFGL
RWR		0.81	0.19	0.95	0.38	RWR
RWO	0.81		0.62	0.9	0.85	RWO
GWX	0.19	0.62		0.31	0.85	GWX
ICF	0.95	0.9	0.31		0.57	ICF
IFGL	0.38	0.85	0.85	0.57		IFGL
	RWR	RWO	GWX	ICF	IFGL

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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
RWR	0.69	0.04	(0.03)	0.25	0.77	(0.76)	1.44	(1.21)	3.85
RWO	0.60	(0.01)	(0.10)	0.04	0.79	(0.59)	1.13	(1.42)	3.18
GWX	0.69	(0.12)	0.00	(0.13)	0.00	0.00	1.48	(1.56)	4.34
ICF	0.70	0.04	(0.04)	1.90	0.85	(0.72)	1.37	(1.23)	4.27
IFGL	0.70	(0.12)	0.00	(0.35)	0.00	0.00	1.25	(1.34)	4.29

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