SPDR SP Correlations

SLYV Etf

USD 98.86 2.04 2.02%

The current 90-days correlation between SPDR SP 600 and SPDR SP 600 is 0.91 (i.e., Almost no diversification). The correlation of SPDR SP 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 SP Correlation With Market

Almost no diversification

The correlation between SPDR SP 600 and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR SP 600 and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SPDR Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SPDR SP 600. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in private.

Moving together with SPDR Etf

1.0	VBR	Vanguard Small Cap	Pair Corr
0.99	IWN	iShares Russell 2000	Pair Corr
0.99	DFAT	Dimensional Targeted	Pair Corr
1.0	IJS	iShares SP Small	Pair Corr
0.99	AVUV	Avantis Small Cap	Pair Corr
0.98	DES	WisdomTree SmallCap	Pair Corr
0.99	MDYV	SPDR SP 400	Pair Corr
0.95	CALF	Pacer Small Cap	Pair Corr
0.97	REGL	ProShares SP MidCap	Pair Corr
0.9	OIH	VanEck Oil Services	Pair Corr
0.86	WTMF	WisdomTree Managed	Pair Corr
0.91	EWC	iShares MSCI Canada	Pair Corr
0.83	TOT	Advisor Managed Port	Pair Corr
0.72	BST	BlackRock Science Tech	Pair Corr
0.88	VBK	Vanguard Small Cap	Pair Corr
0.94	BINC	BlackRock ETF Trust	Pair Corr
0.95	OASC	OneAscent Small Cap	Pair Corr
0.94	AHYB	American Century ETF	Pair Corr
0.91	RDIV	Invesco SP Ultra	Pair Corr
0.9	CAT	Caterpillar	Pair Corr
0.85	JNJ	Johnson Johnson	Pair Corr
0.84	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.92	WMT	Walmart Common Stock Earnings Call This Week	Pair Corr
0.88	AA	Alcoa Corp	Pair Corr
0.74	HD	Home Depot Sell-off Trend	Pair Corr
0.74	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.9	BA	Boeing	Pair Corr

Moving against SPDR Etf

0.55	ARKW	ARK Next Generation	Pair Corr
0.78	MSFT	Microsoft	Pair Corr
0.75	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	SLYG	IYF	MDYV	DXJ	CALF	DFIS	BBEU	VMIAX	DON	FEZ
SLYG		0.63	0.97	0.89	0.95	0.91	0.9	0.92	0.96	0.91	SLYG
IYF	0.63		0.63	0.45	0.73	0.51	0.59	0.5	0.54	0.63	IYF
MDYV	0.97	0.63		0.95	0.96	0.95	0.94	0.96	0.99	0.94	MDYV
DXJ	0.89	0.45	0.95		0.86	0.94	0.93	0.96	0.97	0.91	DXJ
CALF	0.95	0.73	0.96	0.86		0.87	0.89	0.87	0.94	0.9	CALF
DFIS	0.91	0.51	0.95	0.94	0.87		0.99	0.99	0.95	0.97	DFIS
BBEU	0.9	0.59	0.94	0.93	0.89	0.99		0.97	0.93	0.99	BBEU
VMIAX	0.92	0.5	0.96	0.96	0.87	0.99	0.97		0.96	0.95	VMIAX
DON	0.96	0.54	0.99	0.97	0.94	0.95	0.93	0.96		0.92	DON
FEZ	0.91	0.63	0.94	0.91	0.9	0.97	0.99	0.95	0.92		FEZ
	SLYG	IYF	MDYV	DXJ	CALF	DFIS	BBEU	VMIAX	DON	FEZ

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SPDR SP Constituents Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR SP 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 SP'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
SLYG	0.80	0.03	0.05	0.10	0.82	(0.89)	2.30	(1.66)	4.73
IYF	0.73	(0.08)	(0.08)	(0.01)	0.97	(0.75)	1.28	(1.62)	4.64
MDYV	0.74	0.08	0.10	0.15	0.63	(0.92)	2.18	(1.33)	4.29
DXJ	0.78	0.25	0.22	0.41	0.58	(0.85)	2.13	(1.56)	4.81
CALF	0.73	0.03	0.03	0.10	0.69	(0.88)	1.91	(1.35)	4.08
DFIS	0.61	0.19	0.21	0.36	0.49	(0.71)	1.36	(0.99)	3.43
BBEU	0.65	0.11	0.12	0.21	0.59	(0.73)	1.30	(1.25)	3.13
VMIAX	0.93	0.24	0.21	0.29	0.78	(1.05)	2.20	(1.64)	5.22
DON	0.63	0.08	0.10	0.17	0.51	(0.71)	1.86	(1.09)	3.50
FEZ	0.72	0.08	0.08	0.17	0.68	(0.79)	1.52	(1.38)	3.56

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