SPDR Portfolio Correlations

SPEM Etf

USD 50.29 0.67 1.31%

The current 90-days correlation between SPDR Portfolio Emerging and Consumer Staples Select is -0.07 (i.e., Good 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 Emerging moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SPDR Portfolio Correlation With Market

Very poor diversification

The correlation between SPDR Portfolio Emerging and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Portfolio Emerging 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 Emerging. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in discontinued.

Moving together with SPDR Etf

1.0	VWO	Vanguard FTSE Emerging	Pair Corr
1.0	IEMG	iShares Core MSCI Aggressive Push	Pair Corr
0.99	EMC	Global X Funds	Pair Corr
1.0	EEM	iShares MSCI Emerging Aggressive Push	Pair Corr
0.96	FNDE	Schwab Fundamental	Pair Corr
1.0	ESGE	iShares ESG Aware	Pair Corr
0.95	SFGRX	Seafarer Overseas	Pair Corr
0.97	DGS	WisdomTree Emerging	Pair Corr
1.0	XSOE	WisdomTree Emerging	Pair Corr
0.84	CPST	Calamos ETF Trust	Pair Corr
0.74	ELON	Battleshares TSLA	Pair Corr
0.92	ITDD	iShares Trust	Pair Corr
0.91	BINC	BlackRock ETF Trust	Pair Corr
0.84	RDIV	Invesco SP Ultra	Pair Corr
0.79	VBK	Vanguard Small Cap	Pair Corr
0.82	AHYB	American Century ETF	Pair Corr
0.88	BA	Boeing	Pair Corr
0.62	KO	Coca Cola Earnings Call This Week	Pair Corr
0.73	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.83	INTC	Intel	Pair Corr
0.77	JNJ	Johnson Johnson	Pair Corr
0.9	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.73	WMT	Walmart Common Stock Earnings Call This Week	Pair Corr
0.77	MRK	Merck Company Sell-off Trend	Pair Corr

Moving against SPDR Etf

0.74	MPAY	Exchange Traded Concepts	Pair Corr
0.88	HPQ	HP Inc	Pair Corr
0.72	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	SPMD	VFH	IWO	GSLC	AVEM	BBJP	DFIV	EMXC	SPSM	XLP
SPMD		0.53	0.9	0.76	0.89	0.89	0.94	0.9	0.99	0.84	SPMD
VFH	0.53		0.6	0.79	0.23	0.25	0.42	0.26	0.52	0.1	VFH
IWO	0.9	0.6		0.86	0.72	0.66	0.74	0.72	0.9	0.58	IWO
GSLC	0.76	0.79	0.86		0.57	0.53	0.65	0.57	0.75	0.38	GSLC
AVEM	0.89	0.23	0.72	0.57		0.94	0.94	1.0	0.87	0.88	AVEM
BBJP	0.89	0.25	0.66	0.53	0.94		0.94	0.93	0.88	0.92	BBJP
DFIV	0.94	0.42	0.74	0.65	0.94	0.94		0.95	0.93	0.91	DFIV
EMXC	0.9	0.26	0.72	0.57	1.0	0.93	0.95		0.88	0.89	EMXC
SPSM	0.99	0.52	0.9	0.75	0.87	0.88	0.93	0.88		0.85	SPSM
XLP	0.84	0.1	0.58	0.38	0.88	0.92	0.91	0.89	0.85		XLP
	SPMD	VFH	IWO	GSLC	AVEM	BBJP	DFIV	EMXC	SPSM	XLP

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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
SPMD	0.72	0.06	0.07	0.13	0.68	(0.80)	1.87	(1.42)	3.78
VFH	0.76	(0.09)	0.00	(0.02)	0.00	0.00	1.45	(1.80)	4.47
IWO	1.08	(0.04)	(0.01)	0.04	1.39	(1.08)	2.02	(1.96)	4.96
GSLC	0.57	(0.05)	(0.07)	0.01	0.79	(0.55)	1.16	(1.44)	3.45
AVEM	0.69	0.15	0.15	0.31	0.56	(0.77)	1.81	(1.25)	4.48
BBJP	0.81	0.17	0.16	0.27	0.70	(0.92)	2.16	(1.53)	4.39
DFIV	0.67	0.20	0.21	0.34	0.49	(0.76)	1.51	(1.30)	3.65
EMXC	0.73	0.23	0.23	0.44	0.53	(0.85)	2.06	(1.41)	4.37
SPSM	0.83	0.06	0.07	0.12	0.76	(0.96)	2.31	(1.85)	4.98
XLP	0.64	0.22	0.29	1.39	0.00	(0.78)	1.43	(0.84)	3.39

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