State Street Correlations

SSDDX Fund

USD 17.20 0.08 0.47%

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

Very poor diversification

The correlation between State Street Target and DJI is 0.88 (i.e., Very poor 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 small area income & poverty estimates.

Moving together with State Mutual Fund

0.9	SSAIX	Ssga International Stock	Pair Corr
1.0	SSBWX	State Street Target	Pair Corr
1.0	SSCNX	State Street Target	Pair Corr
1.0	SSCJX	State Street Target	Pair Corr
1.0	SSDJX	State Street Target	Pair Corr
0.99	SSDWX	State Street Target	Pair Corr
0.99	SSFNX	State Street Target	Pair Corr
0.94	SSIPX	Ssga International Stock	Pair Corr
0.95	VTIVX	Vanguard Target Reti	Pair Corr
0.93	AAHTX	American Funds 2045	Pair Corr
0.93	CCHTX	American Funds 2045	Pair Corr
0.95	FATTX	American Funds 2045	Pair Corr
0.94	FIOFX	Fidelity Freedom Index	Pair Corr
0.94	FFOLX	Fidelity Freedom Index	Pair Corr
0.96	FFFGX	Fidelity Freedom 2045	Pair Corr
0.96	FJTKX	Fidelity Freedom 2045	Pair Corr
0.92	FAVPX	Fidelity Freedom Index	Pair Corr
0.66	LIIAX	Columbia Porate Income	Pair Corr
0.7	SRINX	Columbia Porate Income	Pair Corr
0.91	WRHIX	Ivy High Income	Pair Corr
0.91	WHIAX	Ivy High Income	Pair Corr
0.91	IHIFX	Ivy High Income	Pair Corr
0.9	IVHIX	Ivy High Income	Pair Corr
0.68	BGVAX	Sterling Capital Int	Pair Corr
0.7	FTLSX	Fidelity Flex Freedom	Pair Corr
0.82	DGLAX	Global Stock	Pair Corr
0.97	LIKIX	Blackrock Lifepath Idx	Pair Corr
0.86	RTDTX	Select Equity	Pair Corr
0.96	TBLCX	T Rowe Price	Pair Corr
0.89	AMFFX	American Mutual	Pair Corr
0.65	AIENX	Strategic Enhanced Yield	Pair Corr
0.92	DIEMX	Driehaus Emerging Markets	Pair Corr
0.92	FRISX	Franklin Rising Dividends	Pair Corr
0.75	MFIOX	Mfs Strategic Income	Pair Corr
0.85	TNBIX	1290 Smartbeta Equity	Pair Corr
0.9	PCWIX	Strategic Asset Mana	Pair Corr
0.88	TPDCX	Timothy Plan Defensive	Pair Corr
0.95	MDIDX	Mfs International	Pair Corr
0.93	BROIX	Blackrock Glbl Opprtnts	Pair Corr

Related Correlations Analysis

	SISVX	SIVIX	SIVSX	ELRXX	SAEXX	NFSBX	NFSAX	SAHXX	SAJXX
SISVX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SISVX
SIVIX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	SIVIX
SIVSX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SIVSX
ELRXX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ELRXX
SAEXX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	SAEXX
NFSBX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	NFSBX
NFSAX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	NFSAX
SAHXX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SAHXX
SAJXX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SAJXX
	SISVX	SIVIX	SIVSX	ELRXX	SAEXX	NFSBX	NFSAX	SAHXX	SAJXX

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

SIVIX	+ 0.0	SISVX
SIVSX	+ 0.0	SISVX
ELRXX	+ 0.0	SISVX
SAEXX	+ 0.0	SISVX
NFSBX	+ 0.0	SISVX
NFSAX	+ 0.0	SISVX

High negative correlations

SAJXX	- 0.0	SAHXX
SAJXX	- 0.0	NFSAX
SAHXX	- 0.0	NFSAX
SAJXX	- 0.0	NFSBX
SAHXX	- 0.0	NFSBX
NFSAX	- 0.0	NFSBX

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
SISVX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SIVIX	0.78	(0.03)	(0.02)	0.04	0.92	(0.83)	2.10	(1.51)	4.56
SIVSX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ELRXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SAEXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NFSBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NFSAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SAHXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SAJXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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