SPDR Portfolio Correlations

SPBO Etf

USD 28.63 0.03 0.10%

The current 90-days correlation between SPDR Portfolio Corporate and SPDR Barclays Intermediate is 0.97 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SPDR Portfolio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR Portfolio Corporate moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SPDR Portfolio Correlation With Market

Modest diversification

The correlation between SPDR Portfolio Corporate and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Portfolio Corporate and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SPDR Etf

1.0	LQD	iShares iBoxx Investment	Pair Corr
0.99	IGIB	iShares 5 10	Pair Corr
1.0	USIG	iShares Broad USD	Pair Corr
0.94	SPIB	SPDR Barclays Interm Sell-off Trend	Pair Corr
1.0	SUSC	iShares ESG USD	Pair Corr
0.99	QLTA	iShares Aaa	Pair Corr
1.0	CORP	PIMCO Investment Grade	Pair Corr
1.0	FLCO	Franklin Liberty Inv	Pair Corr
1.0	GIGB	Goldman Sachs Access	Pair Corr
1.0	VTC	Vanguard Total Corporate	Pair Corr
0.67	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.72	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.79	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr
0.81	HD	Home Depot	Pair Corr
0.61	AA	Alcoa Corp	Pair Corr
0.76	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Moving against SPDR Etf

0.47	VCAR	Simplify Volt RoboCar Symbol Change	Pair Corr
0.39	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	SPIB	SPTI	SPMB	SPLB	SPHY
SPIB		0.91	0.95	0.87	0.44	SPIB
SPTI	0.91		0.95	0.9	0.09	SPTI
SPMB	0.95	0.95		0.96	0.26	SPMB
SPLB	0.87	0.9	0.96		0.15	SPLB
SPHY	0.44	0.09	0.26	0.15		SPHY
	SPIB	SPTI	SPMB	SPLB	SPHY

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

SPDR Portfolio Constituents 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
SPIB	0.17	(0.02)	0.00	(0.29)	0.00	0.00	0.30	(0.42)	1.28
SPTI	0.20	(0.03)	0.00	(0.56)	0.00	0.00	0.40	(0.49)	1.40
SPMB	0.28	(0.04)	0.00	(0.33)	0.00	0.00	0.51	(0.60)	1.94
SPLB	0.56	(0.08)	0.00	(0.40)	0.00	0.00	1.11	(1.52)	3.70
SPHY	0.20	0.01	(0.02)	0.13	0.22	(0.22)	0.34	(0.34)	1.32

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

2024 Macroaxis LLC