SPDR SSGA Correlations

Etfs . USA . 
Etf . SPDR SSGA Equity
SPIN Etf  USD 31.84  0.01  0.03%   
The current 90-days correlation between SPDR SSGA Equity and Listed Funds Trust is 0.47 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SPDR SSGA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR SSGA Equity moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SPDR SSGA Correlation With Market

Poor diversification

The correlation between SPDR SSGA Equity and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR SSGA Equity 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 Equity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with SPDR Etf

  0.63ENGN enGene Holdings CommonPairCorr
  0.68LENS Sarmaya Thematic ETFPairCorr
  0.71MAPP Harbor ETF TrustPairCorr
  0.7DRGN Themes China GenerativePairCorr
  0.67JUNE JUNE Symbol ChangePairCorr
  0.67EVUS iShares ESG AwarePairCorr
  0.7URA Global X UraniumPairCorr
  0.73SMLF iShares MSCI USAPairCorr
  0.78VBK Vanguard Small CapPairCorr
  0.8WLTG ETF Opportunities TrustPairCorr
  0.75GAPR First Trust ExchangePairCorr
  0.65GDMN WisdomTree Efficient GoldPairCorr
  0.67ESML iShares ESG AwarePairCorr
  0.62JEPI JPMorgan Equity PremiumPairCorr
  0.78EPRF Innovator SP InvestmentPairCorr
  0.75ILCV iShares Morningstar ValuePairCorr
  0.79TMET iShares TransitionPairCorr
  0.65XBI SPDR SP BiotechPairCorr
  0.64VIG Vanguard Dividend Sell-off TrendPairCorr
  0.7XRT SPDR SP RetailPairCorr

Moving against SPDR Etf

  0.64GRI GRI BioPairCorr
  0.57ZBIO Zenas BioPharma CommonPairCorr
  0.45SWIN Alps Symbol ChangePairCorr
  0.38XLU Utilities Select Sector Aggressive PushPairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PEPS  0.62 (0.01) 0.00  0.28  0.00 
 0.00 
 1.04 
(1.87)
 4.46 
JANZ  0.47 (0.04) 0.00 (0.02) 0.00 
 0.00 
 0.83 
(1.26)
 2.94 
SNAV  0.50  0.05  0.00 (1.52) 0.68 
(0.50)
 1.21 
(1.18)
 3.09 
AUGZ  0.42 (0.02) 0.00 (0.19) 0.00 
 0.00 
 0.71 
(1.21)
 2.90 
JUNT  0.22  0.01 (0.06) 0.06  0.27 
(0.22)
 0.48 
(0.60)
 1.70 
EAOR  0.36  0.03 (0.02) 1.18  0.42 
(0.36)
 0.74 
(0.79)
 2.15 
GMET  1.79  0.58  0.18 (1.58) 2.43 
(2.03)
 4.29 
(3.28)
 14.40 
JRE  0.68  0.12  0.06 (3.80) 1.06 
(0.67)
 1.45 
(1.11)
 8.90 
THEQ  0.41  0.00 (0.07)(0.07) 0.60 
(0.39)
 0.69 
(0.95)
 2.72 
YFYA  0.12  0.01 (0.16)(2.97) 0.00 
(0.17)
 0.30 
(0.20)
 0.91 

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY