SPDR SSGA Correlations

SMLV Etf

USD 141.56 1.87 1.30%

The current 90-days correlation between SPDR SSGA Small and 6 Meridian Low is 0.47 (i.e., Very weak diversification). The correlation of SPDR SSGA 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 SSGA Correlation With Market

Very poor diversification

The correlation between SPDR SSGA Small and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR SSGA Small 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 SSGA Small. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with SPDR Etf

0.98	VBR	Vanguard Small Cap	Pair Corr
0.98	IWN	iShares Russell 2000	Pair Corr
0.99	DFAT	Dimensional Targeted	Pair Corr
0.98	IJS	iShares SP Small	Pair Corr
0.98	SLYV	SPDR SP 600	Pair Corr
0.99	AVUV	Avantis Small Cap	Pair Corr
0.99	DES	WisdomTree SmallCap	Pair Corr
0.97	MDYV	SPDR SP 400	Pair Corr
0.91	CALF	Pacer Small Cap	Pair Corr
0.98	REGL	ProShares SP MidCap	Pair Corr
0.87	ITWO	Proshares Russell 2000	Pair Corr
0.61	AMPD	Tidal ETF Services	Pair Corr
0.71	ELON	Battleshares TSLA	Pair Corr
0.86	CPST	Calamos ETF Trust	Pair Corr
0.75	UAUG	Innovator Equity Ultra	Pair Corr
0.84	HCMAX	THE HILLMAN FUND	Pair Corr
0.95	DFIV	Dimensional International Sell-off Trend	Pair Corr
0.94	IOCT	Innovator ETFs Trust	Pair Corr
0.95	DISV	Dimensional ETF Trust	Pair Corr
0.94	CCNR	CoreCommodity Natural	Pair Corr
0.91	EMIF	iShares Emerging Markets	Pair Corr
0.74	DAUG	FT Cboe Vest	Pair Corr
0.97	KNGZ	First Trust Exchange	Pair Corr
0.92	HIYS	Invesco High Yield Symbol Change	Pair Corr
0.85	LALT	Invesco Multi Strategy	Pair Corr
0.86	ISTB	iShares Core 1	Pair Corr
0.75	PAUG	Innovator Equity Power	Pair Corr
0.7	GOCT	FT Cboe Vest	Pair Corr
0.91	AHYB	American Century ETF	Pair Corr
0.97	STXV	EA Series Trust	Pair Corr
0.91	DFE	WisdomTree Europe	Pair Corr
0.83	DOO	BRP Inc Symbol Change	Pair Corr
0.63	SLV	iShares Silver Trust Aggressive Push	Pair Corr
0.91	TAXT	Northern Trust Tax	Pair Corr
0.81	USO	United States Oil	Pair Corr
0.93	PID	Invesco International	Pair Corr

Moving against SPDR Etf

0.8	MPAY	Exchange Traded Concepts	Pair Corr
0.68	ENTR	EntrepreneurShares	Pair Corr

Related Correlations Analysis

	FDEV	EWZS	AVXC	EPU	FNK	QVMS	HEEM	XES	GVLU	SIXL
FDEV		0.84	0.97	0.95	0.96	0.94	0.97	0.93	0.96	0.93	FDEV
EWZS	0.84		0.9	0.83	0.8	0.8	0.87	0.93	0.79	0.86	EWZS
AVXC	0.97	0.9		0.95	0.93	0.92	0.99	0.97	0.94	0.93	AVXC
EPU	0.95	0.83	0.95		0.93	0.92	0.97	0.89	0.94	0.85	EPU
FNK	0.96	0.8	0.93	0.93		0.99	0.93	0.91	0.99	0.9	FNK
QVMS	0.94	0.8	0.92	0.92	0.99		0.93	0.91	0.98	0.9	QVMS
HEEM	0.97	0.87	0.99	0.97	0.93	0.93		0.95	0.95	0.89	HEEM
XES	0.93	0.93	0.97	0.89	0.91	0.91	0.95		0.91	0.93	XES
GVLU	0.96	0.79	0.94	0.94	0.99	0.98	0.95	0.91		0.91	GVLU
SIXL	0.93	0.86	0.93	0.85	0.9	0.9	0.89	0.93	0.91		SIXL
	FDEV	EWZS	AVXC	EPU	FNK	QVMS	HEEM	XES	GVLU	SIXL

Please upgrade your account to get full access to Macroaxis premium features

SPDR SSGA Constituents Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR SSGA 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 SSGA'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
FDEV	0.48	0.17	0.20	0.44	0.24	(0.57)	1.33	(0.87)	3.17
EWZS	1.38	0.23	0.09	0.39	1.98	(1.46)	2.72	(3.02)	10.91
AVXC	0.70	0.29	0.36	0.54	0.13	(0.87)	1.92	(0.90)	3.74
EPU	1.34	0.63	0.25	0.81	1.65	(1.53)	3.02	(3.23)	9.47
FNK	0.70	0.10	0.14	0.19	0.48	(0.92)	2.17	(1.20)	4.35
QVMS	0.78	0.08	0.11	0.15	0.63	(0.94)	2.11	(1.36)	4.79
HEEM	0.71	0.23	0.29	0.47	0.21	(0.90)	1.87	(1.07)	4.35
XES	1.48	0.49	0.28	0.51	1.27	(1.72)	3.70	(2.45)	9.80
GVLU	0.65	0.11	0.15	0.21	0.40	(0.75)	1.77	(0.88)	3.68
SIXL	0.42	0.09	0.06	0.42	0.37	(0.47)	0.98	(0.69)	3.15

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