SPDR Portfolio Correlations

Etfs . USA . 
Etf . SPDR Portfolio Intermediate
SPTI Etf  USD 28.06  0.03  0.11%   
The current 90-days correlation between SPDR Portfolio Inter and SPDR Barclays Short is 0.87 (i.e., Very poor diversification). The correlation of SPDR Portfolio 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 Portfolio Correlation With Market

Very good diversification

The correlation between SPDR Portfolio Intermediate and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Portfolio Intermediate 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 Intermediate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with SPDR Etf

  1.0GOVT iShares Treasury Bond Sell-off TrendPairCorr
  0.99MBB iShares MBS ETFPairCorr
  1.0IEI iShares 3 7 Sell-off TrendPairCorr
  0.99SPMB SPDR Portfolio MortgagePairCorr
  0.98ITE SPDR Bloomberg Barclays Sell-off TrendPairCorr
  0.99JMBS Janus Henderson MortPairCorr
  1.0FLGV Franklin Liberty TreasuryPairCorr
  0.98MBSD FlexShares DisciplinedPairCorr
  0.96OWNS Quaker Investment TrustPairCorr
  0.97TLT iShares 20 Year Sell-off TrendPairCorr
  0.75JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.72PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.9KO Coca Cola Aggressive PushPairCorr

Moving against SPDR Etf

  0.81IGV iShares Expanded TechPairCorr
  0.75SPY SPDR SP 500PairCorr
  0.75IVV iShares Core SPPairCorr
  0.73MDY SPDR SP MIDCAPPairCorr
  0.71GRI GRI BioPairCorr
  0.71KRMA Global X ConsciousPairCorr
  0.71PPA Invesco Aerospace DefensePairCorr
  0.67SLYV SPDR SP 600PairCorr
  0.59SLYG SPDR SP 600PairCorr
  0.57IXN iShares Global TechPairCorr
  0.85BAC Bank of America Aggressive PushPairCorr
  0.84STCE Schwab Strategic TrustPairCorr
  0.84CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.76HPQ HP IncPairCorr
  0.76AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.7AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.69DIS Walt Disney Aggressive PushPairCorr
  0.65INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.6TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr

Related Correlations Analysis

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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.

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