SPDR Barclays Correlations

SPSB Etf

USD 29.91 0.01 0.03%

The current 90-days correlation between SPDR Barclays Short and Dimensional ETF Trust is 0.75 (i.e., Poor diversification). The correlation of SPDR Barclays 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 Barclays Correlation With Market

Good diversification

The correlation between SPDR Barclays Short and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Barclays Short 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 Barclays Short. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with SPDR Etf

0.61	BSV	Vanguard Short Term	Pair Corr
0.83	IGSB	iShares 1 5	Pair Corr
0.74	ISTB	iShares Core 1	Pair Corr
0.96	SLQD	iShares 0 5	Pair Corr
0.95	LDUR	PIMCO Enhanced Low	Pair Corr
0.83	SUSB	iShares ESG 1	Pair Corr
0.63	IDU	iShares Utilities ETF	Pair Corr

Moving against SPDR Etf

0.39	HUM	Humana Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.32	IAUF	IShares	Pair Corr
0.55	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	DFCF	DFIP	DFAC	DFNM	DFAE
DFCF		0.96	-0.7	0.75	0.03	DFCF
DFIP	0.96		-0.6	0.76	0.23	DFIP
DFAC	-0.7	-0.6		-0.29	0.28	DFAC
DFNM	0.75	0.76	-0.29		0.26	DFNM
DFAE	0.03	0.23	0.28	0.26		DFAE
	DFCF	DFIP	DFAC	DFNM	DFAE

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DFIP	+ 0.96	DFCF
DFNM	+ 0.76	DFIP
DFNM	+ 0.75	DFCF
DFAE	+ 0.28	DFAC
DFAE	+ 0.26	DFNM
DFAE	+ 0.23	DFIP

High negative correlations

DFAC	- 0.7	DFCF
DFAC	- 0.6	DFIP
DFNM	- 0.29	DFAC

SPDR Barclays Constituents Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR Barclays 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 Barclays' 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
DFCF	0.21	(0.02)	0.00	0.59	0.00	0.00	0.40	(0.61)	1.53
DFIP	0.21	(0.03)	0.00	(1.34)	0.00	0.00	0.36	(0.41)	1.41
DFAC	0.59	0.00	0.00	0.12	0.65	(0.66)	1.29	(1.23)	4.65
DFNM	0.10	0.00	(0.73)	0.09	0.13	(0.10)	0.21	(0.21)	0.77
DFAE	0.84	(0.05)	(0.11)	(0.01)	1.07	(0.88)	2.02	(1.91)	5.87

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