State Street Correlations

SSBWX Fund

USD 14.15 0.05 0.35%

The current 90-days correlation between State Street Target and Multi Manager High Yield is 0.13 (i.e., Average diversification). The correlation of State Street 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.

State Street Correlation With Market

Weak diversification

The correlation between State Street Target and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding State Street Target 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 State Street Target. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in services.

Moving together with State Mutual Fund

0.99	SSCNX	State Street Target	Pair Corr
1.0	SSCJX	State Street Target	Pair Corr
0.86	SSBRX	State Street Target	Pair Corr
0.9	SSDDX	State Street Target	Pair Corr
0.83	SSDOX	State Street Target	Pair Corr
0.78	SSDWX	State Street Target	Pair Corr
0.86	SSFNX	State Street Target	Pair Corr
0.68	AAETX	American Funds 2030	Pair Corr
0.81	CCETX	American Funds 2030	Pair Corr
0.71	FGTKX	Fidelity Freedom 2030	Pair Corr
0.67	FSNQX	Fidelity Freedom 2030	Pair Corr

Moving against State Mutual Fund

0.42	CLM	Cornerstone Strategic Sell-off Trend	Pair Corr
0.42	EXNAX	Eaton Vance National	Pair Corr
0.37	VEIPX	Vanguard Equity Income	Pair Corr
0.35	NFJ	Virtus Dividend Interest	Pair Corr
0.34	CRF	Cornerstone Total Return	Pair Corr

Related Correlations Analysis

	NMHYX	DIHRX	FCQAX	MRHYX	GHVIX	PARJX
NMHYX		0.92	0.55	0.98	0.96	0.92	NMHYX
DIHRX	0.92		0.58	0.92	0.89	0.91	DIHRX
FCQAX	0.55	0.58		0.61	0.62	0.53	FCQAX
MRHYX	0.98	0.92	0.61		0.99	0.92	MRHYX
GHVIX	0.96	0.89	0.62	0.99		0.88	GHVIX
PARJX	0.92	0.91	0.53	0.92	0.88		PARJX
	NMHYX	DIHRX	FCQAX	MRHYX	GHVIX	PARJX

Risk-Adjusted Indicators

There is a big difference between State Mutual Fund performing well and State Street Mutual Fund 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 State Street'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
NMHYX	0.12	0.00	(0.36)	0.06	0.04	(0.15)	0.24	(0.24)	0.72
DIHRX	0.57	0.02	0.00	0.11	0.64	(0.60)	1.07	(1.26)	2.69
FCQAX	0.07	0.02	(0.49)	8.33	0.00	(0.15)	0.21	(0.10)	0.62
MRHYX	0.09	0.01	(0.30)	0.18	0.00	(0.16)	0.24	(0.24)	0.59
GHVIX	0.12	0.00	(0.37)	0.11	0.00	(0.16)	0.29	(0.23)	0.77
PARJX	0.37	0.05	0.01	0.18	0.20	(0.43)	0.72	(0.60)	4.09

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