State Street Correlations

SSDEX Fund

USD 17.20 0.03 0.17%

The current 90-days correlation between State Street Target and Ab Bond Inflation is 0.21 (i.e., Modest 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

Poor diversification

The correlation between State Street Target and DJI is 0.74 (i.e., 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 services.

Moving together with State Mutual Fund

0.82	VTIVX	Vanguard Target Reti	Pair Corr
0.96	AAHTX	American Funds 2045	Pair Corr
0.95	CCHTX	American Funds 2045	Pair Corr
0.95	FATTX	American Funds 2045	Pair Corr
0.95	FIOFX	Fidelity Freedom Index	Pair Corr
0.95	FFOLX	Fidelity Freedom Index	Pair Corr
0.82	FFFGX	Fidelity Freedom 2045	Pair Corr
0.96	FJTKX	Fidelity Freedom 2045	Pair Corr
0.83	FAVPX	Fidelity Freedom Index	Pair Corr
0.73	LIIAX	Columbia Porate Income	Pair Corr
0.75	SRINX	Columbia Porate Income	Pair Corr
0.9	WRHIX	Ivy High Income	Pair Corr
0.93	WHIAX	Ivy High Income	Pair Corr
0.92	IHIFX	Ivy High Income	Pair Corr
0.92	IVHIX	Ivy High Income	Pair Corr
0.7	LMISX	Qs Large Cap	Pair Corr
0.64	EMSLX	Shelton Emerging Markets	Pair Corr
0.95	INPFX	American Funds Income	Pair Corr
0.82	BA	Boeing	Pair Corr
0.67	HD	Home Depot	Pair Corr
0.74	CVX	Chevron Corp	Pair Corr
0.71	CAT	Caterpillar	Pair Corr
0.71	AA	Alcoa Corp	Pair Corr

Moving against State Mutual Fund

0.53	HPQ	HP Inc	Pair Corr
0.48	MMM	3M Company	Pair Corr
0.47	TRV	The Travelers Companies	Pair Corr
0.36	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.33	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	HIPAX	FODVX	BPRIX	MFTFX	LFTAX	TIIHX	ANBIX
HIPAX		0.59	0.73	0.47	0.6	0.64	0.63	HIPAX
FODVX	0.59		0.71	0.03	0.13	0.66	0.42	FODVX
BPRIX	0.73	0.71		0.61	0.67	0.84	0.78	BPRIX
MFTFX	0.47	0.03	0.61		0.94	0.61	0.74	MFTFX
LFTAX	0.6	0.13	0.67	0.94		0.69	0.79	LFTAX
TIIHX	0.64	0.66	0.84	0.61	0.69		0.93	TIIHX
ANBIX	0.63	0.42	0.78	0.74	0.79	0.93		ANBIX
	HIPAX	FODVX	BPRIX	MFTFX	LFTAX	TIIHX	ANBIX

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
HIPAX	0.11	(0.01)	0.00	(0.22)	0.00	0.00	0.20	(0.20)	0.58
FODVX	0.13	(0.01)	0.00	(0.21)	0.00	0.00	0.28	(0.28)	0.75
BPRIX	0.12	0.00	(0.22)	(0.01)	0.11	(0.16)	0.20	(0.30)	0.92
MFTFX	1.07	0.18	0.10	0.86	1.23	(1.15)	2.06	(2.15)	6.76
LFTAX	0.48	0.11	0.07	(3.12)	0.61	(0.52)	1.01	(0.93)	4.38
TIIHX	0.10	0.00	(0.29)	0.00	0.02	(0.14)	0.19	(0.19)	0.46
ANBIX	0.08	0.00	(0.38)	0.01	0.00	(0.11)	0.19	(0.10)	0.38

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