SPDR Russell Correlations

SPMD Etf

USD 61.08 0.02 0.03%

The current 90-days correlation between SPDR Russell Small and Avantis Emerging Markets is 0.63 (i.e., Poor diversification). The correlation of SPDR Russell 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 Russell Correlation With Market

Almost no diversification

The correlation between SPDR Russell Small and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Russell Small 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 Russell Small. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with SPDR Etf

0.91	VO	Vanguard Mid Cap	Pair Corr
0.91	VXF	Vanguard Extended Market	Pair Corr
0.96	IJH	iShares Core SP	Pair Corr
0.95	IWR	iShares Russell Mid	Pair Corr
0.96	MDY	SPDR SP MIDCAP	Pair Corr
0.95	FV	First Trust Dorsey	Pair Corr
0.96	IVOO	Vanguard SP Mid	Pair Corr
0.96	JHMM	John Hancock Multifactor	Pair Corr
1.0	BBMC	JPMorgan BetaBuilders Mid	Pair Corr
0.89	XMMO	Invesco SP MidCap	Pair Corr
0.7	UPRO	ProShares UltraPro SP500	Pair Corr
0.9	QTJA	Innovator ETFs Trust	Pair Corr
0.82	QTOC	Innovator ETFs Trust	Pair Corr
0.9	XTOC	Innovator ETFs Trust	Pair Corr
0.93	QTAP	Innovator Growth 100	Pair Corr
0.92	XTJA	Innovator ETFs Trust	Pair Corr
0.93	XTAP	Innovator Equity Acc	Pair Corr
0.91	AA	Alcoa Corp	Pair Corr
0.89	BA	Boeing	Pair Corr
0.74	INTC	Intel	Pair Corr
0.8	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.75	MRK	Merck Company Earnings Call This Week	Pair Corr
0.84	WMT	Walmart Common Stock	Pair Corr
0.7	CVX	Chevron Corp Earnings Call This Week	Pair Corr
0.72	DD	Dupont De Nemours	Pair Corr

Moving against SPDR Etf

0.67	HPQ	HP Inc	Pair Corr
0.31	MMM	3M Company	Pair Corr

Related Correlations Analysis

	SPSM	SPEM	VFH	VTWO	VONV	BBJP	XLP	SCHV	IWO	AVEM
SPSM		0.69	0.73	0.99	0.96	0.84	0.84	0.97	0.94	0.76	SPSM
SPEM	0.69		0.34	0.73	0.73	0.89	0.66	0.76	0.75	0.98	SPEM
VFH	0.73	0.34		0.68	0.78	0.55	0.4	0.75	0.62	0.42	VFH
VTWO	0.99	0.73	0.68		0.94	0.85	0.82	0.95	0.98	0.79	VTWO
VONV	0.96	0.73	0.78	0.94		0.88	0.82	1.0	0.88	0.81	VONV
BBJP	0.84	0.89	0.55	0.85	0.88		0.77	0.89	0.82	0.93	BBJP
XLP	0.84	0.66	0.4	0.82	0.82	0.77		0.85	0.75	0.72	XLP
SCHV	0.97	0.76	0.75	0.95	1.0	0.89	0.85		0.89	0.84	SCHV
IWO	0.94	0.75	0.62	0.98	0.88	0.82	0.75	0.89		0.78	IWO
AVEM	0.76	0.98	0.42	0.79	0.81	0.93	0.72	0.84	0.78		AVEM
	SPSM	SPEM	VFH	VTWO	VONV	BBJP	XLP	SCHV	IWO	AVEM

Please upgrade your account to get full access to Macroaxis premium features

SPDR Russell Constituents Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR Russell 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 Russell'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
SPSM	0.83	0.03	0.04	0.10	0.84	(0.91)	1.86	(1.78)	4.98
SPEM	0.53	0.08	0.04	0.48	0.47	(0.60)	1.10	(1.01)	2.92
VFH	0.68	(0.04)	(0.04)	0.03	0.92	(0.66)	1.40	(1.74)	4.47
VTWO	0.90	0.05	0.05	0.11	1.01	(0.93)	1.82	(1.82)	4.63
VONV	0.55	0.05	0.06	0.13	0.48	(0.62)	1.34	(1.05)	3.01
BBJP	0.64	0.08	0.03	0.64	0.80	(0.67)	1.60	(1.50)	4.39
XLP	0.58	0.06	0.00	0.39	0.58	(0.66)	1.37	(0.99)	2.69
SCHV	0.53	0.04	0.04	0.13	0.50	(0.58)	1.28	(1.11)	2.81
IWO	1.02	0.02	0.03	0.08	1.27	(1.00)	1.91	(2.14)	5.52
AVEM	0.62	0.14	0.10	0.78	0.56	(0.69)	1.26	(1.18)	3.28

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