SPDR Barclays Correlations
| SPTS Etf | USD 29.02 0.03 0.10% |
The current 90-days correlation between SPDR Barclays Short and SPDR Barclays Long is 0.57 (i.e., Very weak 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. If the correlation is 0, the equities are not correlated; they are entirely random.
SPDR Barclays Correlation With Market
Significant diversification
The correlation between SPDR Barclays Short and DJI is 0.07 (i.e., Significant 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.
SPDR |
Moving together with SPDR Etf
| 0.99 | SHY | iShares 1 3 Sell-off Trend | PairCorr |
| 0.66 | LMBS | First Trust Low | PairCorr |
| 0.89 | FTSD | Franklin Liberty Short | PairCorr |
| 0.98 | UTWO | Rbb Fund | PairCorr |
| 0.98 | XTWO | Bondbloxx ETF Trust | PairCorr |
| 0.75 | TRSY | Xtrackers 0 1 | PairCorr |
| 0.83 | SLDR | Global X Short | PairCorr |
| 0.82 | YEAR | AB Ultra Short | PairCorr |
| 0.65 | XDEC | First Trust Exchange | PairCorr |
| 0.62 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.7 | HAPR | Innovator Premium Income | PairCorr |
| 0.84 | STK | Columbia Seligman Premium | PairCorr |
| 0.68 | XCCC | BondBloxx ETF Trust | PairCorr |
| 0.7 | FTLS | First Trust LongShort | PairCorr |
| 0.83 | PBDC | Putnam ETF Trust | PairCorr |
| 0.82 | XONE | Bondbloxx Bloomberg One | PairCorr |
Moving against SPDR Etf
Related Correlations Analysis
| 0.92 | -0.3 | 0.82 | -0.24 | SPTL | ||
| 0.92 | -0.06 | 0.91 | 0.06 | SPTI | ||
| -0.3 | -0.06 | 0.25 | 0.94 | SPSB | ||
| 0.82 | 0.91 | 0.25 | 0.29 | SPIB | ||
| -0.24 | 0.06 | 0.94 | 0.29 | SCHO | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SPTL | 0.62 | (0.09) | 0.00 | (0.57) | 0.00 | 1.23 | 3.72 | |||
| SPTI | 0.20 | (0.03) | 0.00 | (0.56) | 0.00 | 0.40 | 1.40 | |||
| SPSB | 0.06 | 0.00 | 0.03 | (0.01) | 0.00 | 0.17 | 0.44 | |||
| SPIB | 0.17 | (0.02) | 0.00 | (0.28) | 0.00 | 0.30 | 1.28 | |||
| SCHO | 0.07 | 0.00 | 0.01 | (0.12) | 0.00 | 0.17 | 0.54 |