SPDR Portfolio Correlations

SPGM Etf

USD 65.64 0.51 0.78%

The current 90-days correlation between SPDR Portfolio MSCI and SPDR Portfolio Europe is 0.09 (i.e., Significant 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 MSCI moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SPDR Portfolio Correlation With Market

Very weak diversification

The correlation between SPDR Portfolio MSCI and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Portfolio MSCI 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 MSCI. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with SPDR Etf

0.87	VT	Vanguard Total World	Pair Corr
1.0	ACWI	iShares MSCI ACWI	Pair Corr
0.61	ACWV	iShares MSCI Global Low Volatility	Pair Corr
0.69	IOO	iShares Global 100	Pair Corr
0.99	URTH	iShares MSCI World	Pair Corr
0.99	CRBN	iShares MSCI ACWI	Pair Corr
0.91	GLOV	Goldman Sachs ActiveBeta	Pair Corr
0.98	KOKU	Xtrackers MSCI Kokusai	Pair Corr
0.7	TECL	Direxion Daily Technology	Pair Corr
0.74	ROM	ProShares Ultra Tech	Pair Corr
0.75	QLD	ProShares Ultra QQQ	Pair Corr
0.95	SPXL	Direxion Daily SP500	Pair Corr
0.95	UPRO	ProShares UltraPro SP500	Pair Corr
0.68	IWF	iShares Russell 1000	Pair Corr
0.82	RFDA	RiverFront Dynamic	Pair Corr
0.66	CEFS	Saba Closed End	Pair Corr
0.69	IBM	International Business Upward Rally	Pair Corr
0.79	HD	Home Depot	Pair Corr

Related Correlations Analysis

	SPEU	SPBO	SPTI	QEFA	QUS
SPEU		0.44	0.54	0.88	0.27	SPEU
SPBO	0.44		0.93	0.7	0.74	SPBO
SPTI	0.54	0.93		0.76	0.62	SPTI
QEFA	0.88	0.7	0.76		0.49	QEFA
QUS	0.27	0.74	0.62	0.49		QUS
	SPEU	SPBO	SPTI	QEFA	QUS

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
SPEU	0.61	(0.02)	0.00	(0.24)	0.00	0.00	1.16	(1.57)	3.90
SPBO	0.28	(0.02)	0.00	(0.10)	0.00	0.00	0.56	(0.52)	2.04
SPTI	0.20	(0.02)	0.00	(0.26)	0.00	0.00	0.43	(0.36)	1.40
QEFA	0.57	(0.03)	(0.12)	(0.03)	0.79	(0.57)	1.22	(1.27)	3.79
QUS	0.47	0.01	(0.07)	0.11	0.61	(0.51)	0.88	(1.16)	4.79

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

SPDR Portfolio Correlations

SPDR Portfolio Correlation With Market

Very weak diversification

Moving together with SPDR Etf

Related Correlations Analysis

SPDR Portfolio Constituents Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY