SPDR Portfolio Correlations

SPAB Etf

USD 26.05 0.09 0.35%

The current 90-days correlation between SPDR Portfolio Aggregate and Vanguard Long Term Bond is 0.05 (i.e., Significant diversification). The correlation of SPDR Portfolio 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 Portfolio Correlation With Market

Poor diversification

The correlation between SPDR Portfolio Aggregate and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Portfolio Aggregate 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 Portfolio Aggregate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with SPDR Etf

0.89	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.9	AGG	iShares Core Aggregate Sell-off Trend	Pair Corr
0.84	BIV	Vanguard Intermediate Sell-off Trend	Pair Corr
1.0	EAGG	iShares ESG Aggregate	Pair Corr
0.89	FLCB	Franklin Templeton ETF	Pair Corr
0.9	UITB	VictoryShares USAA Core	Pair Corr
0.89	DFCF	Dimensional ETF Trust	Pair Corr
0.99	JAGG	JPMorgan BetaBuilders	Pair Corr
0.9	AGGY	WisdomTree Yield Enhanced	Pair Corr
0.76	VTV	Vanguard Value Index	Pair Corr
0.7	VO	Vanguard Mid Cap	Pair Corr
0.77	BSMS	Invesco BulletShares 2028	Pair Corr
0.66	PFF	iShares Preferred Sell-off Trend	Pair Corr
0.72	EMES	Harbor ETF Trust	Pair Corr
0.77	UDI	USCF ETF Trust	Pair Corr
0.67	PFFA	Virtus InfraCap Preferred	Pair Corr
0.76	DOGG	First Trust Exchange Low Volatility	Pair Corr
0.72	EURL	Direxion Daily FTSE	Pair Corr
0.66	UMAY	Innovator ETFs Trust	Pair Corr
0.68	NBCE	Neuberger Berman ETF	Pair Corr
0.63	IAUM	iShares Gold Trust	Pair Corr
0.91	NCPB	Nuveen Core Plus	Pair Corr
0.68	XFIX	Fm Investments Symbol Change	Pair Corr
0.81	SCDV	ETF Series Solutions	Pair Corr
0.7	IQSZ	Invesco Actively Managed	Pair Corr
0.8	JEPI	JPMorgan Equity Premium	Pair Corr
0.74	WLDR	Affinity World Leaders	Pair Corr
0.64	TLCI	Touchstone ETF Trust	Pair Corr
0.67	GAPR	First Trust Exchange	Pair Corr
0.73	CCNR	CoreCommodity Natural	Pair Corr

Moving against SPDR Etf

0.38

VUG

Vanguard Growth Index

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.35	-0.4	0.4	0.13	-0.47	-0.07	0.34	0.42	0.38	META
MSFT	-0.35		0.82	-0.57	-0.71	0.74	0.85	0.07	-0.87	-0.92	MSFT
UBER	-0.4	0.82		-0.51	-0.57	0.81	0.6	-0.07	-0.8	-0.77	UBER
F	0.4	-0.57	-0.51		0.17	-0.46	-0.31	0.28	0.72	0.63	F
T	0.13	-0.71	-0.57	0.17		-0.47	-0.78	-0.15	0.5	0.63	T
A	-0.47	0.74	0.81	-0.46	-0.47		0.54	-0.01	-0.66	-0.8	A
CRM	-0.07	0.85	0.6	-0.31	-0.78	0.54		0.44	-0.64	-0.83	CRM
JPM	0.34	0.07	-0.07	0.28	-0.15	-0.01	0.44		0.2	-0.1	JPM
MRK	0.42	-0.87	-0.8	0.72	0.5	-0.66	-0.64	0.2		0.86	MRK
XOM	0.38	-0.92	-0.77	0.63	0.63	-0.8	-0.83	-0.1	0.86		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.86	MRK
CRM	+ 0.85	MSFT
UBER	+ 0.82	MSFT
A	+ 0.81	UBER
A	+ 0.74	MSFT
MRK	+ 0.72	F

High negative correlations

XOM	- 0.92	MSFT
MRK	- 0.87	MSFT
XOM	- 0.83	CRM
XOM	- 0.8	A
MRK	- 0.8	UBER
CRM	- 0.78	T

SPDR Portfolio Competition Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR Portfolio 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 Portfolio'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
META	1.47	0.07	0.04	0.14	1.43	(1.78)	3.43	(2.60)	13.69
MSFT	1.33	(0.37)	0.00	(1.03)	0.00	0.00	1.90	(2.74)	13.28
UBER	1.55	(0.39)	0.00	(0.71)	0.00	0.00	2.46	(3.82)	11.09
F	1.21	0.03	0.02	0.07	1.25	(1.45)	3.34	(2.30)	7.16
T	1.01	0.14	0.10	(18.48)	0.95	(1.16)	3.87	(1.76)	5.31
A	1.27	(0.31)	0.00	(0.20)	0.00	0.00	2.90	(2.73)	7.85
CRM	1.72	(0.42)	0.00	(0.40)	0.00	0.00	2.94	(4.75)	12.37
JPM	1.26	(0.10)	0.00	(0.03)	0.00	0.00	2.34	(3.11)	7.38
MRK	1.29	0.43	0.31	0.77	0.98	(1.58)	2.93	(1.98)	8.74
XOM	1.27	0.39	0.25	1.59	1.08	(1.47)	2.90	(2.12)	6.83

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