SPDR SP Correlations

Etfs . USA . 
Etf . SPDR SP Emerging
EWX Etf  USD 63.98  0.19  0.30%   
The current 90-days correlation between SPDR SP Emerging and SPDR SP International is 0.58 (i.e., Very weak diversification). The correlation of SPDR SP 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 SP Correlation With Market

Good diversification

The correlation between SPDR SP Emerging and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR SP Emerging and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with SPDR Etf
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in SPDR SP Emerging. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with SPDR Etf

  0.97VWO Vanguard FTSE EmergingPairCorr
  0.98IEMG iShares Core MSCIPairCorr
  0.98EMC Global X FundsPairCorr
  0.96EEM iShares MSCI EmergingPairCorr
  0.96SPEM SPDR Portfolio EmergingPairCorr
  0.97FNDE Schwab FundamentalPairCorr
  0.96ESGE iShares ESG AwarePairCorr
  0.98SFGRX Seafarer OverseasPairCorr
  0.99DGS WisdomTree EmergingPairCorr
  0.99XSOE WisdomTree EmergingPairCorr
  0.96USD ProShares Ultra SemiPairCorr
  0.91GBTC Grayscale Bitcoin TrustPairCorr
  0.96DFEN Direxion Daily AerospacePairCorr
  0.95FNGO MicroSectors FANG IndexPairCorr
  0.96DUSL Direxion Daily IndusPairCorr
  0.96TECL Direxion Daily TechnologyPairCorr
  0.68DIG ProShares Ultra OilPairCorr
  0.96KEMQ KraneShares EmergingPairCorr
  0.81MMM 3M CompanyPairCorr
  0.8PFE Pfizer Inc Aggressive PushPairCorr
  0.95MSFT Microsoft Earnings Call This WeekPairCorr
  0.93BAC Bank of AmericaPairCorr
  0.93CSCO Cisco SystemsPairCorr
  0.93JPM JPMorgan ChasePairCorr
  0.93BA Boeing Earnings Call This WeekPairCorr
  0.86DD Dupont De Nemours Earnings Call This WeekPairCorr
  0.81IBM International BusinessPairCorr
  0.93GE GE AerospacePairCorr

Moving against SPDR Etf

  0.57FNGU MicroSectors FANG Index Symbol ChangePairCorr
  0.54KO Coca ColaPairCorr
  0.4PG Procter Gamble Earnings Call This WeekPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

SPDR SP Constituents Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR SP 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 SP'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.

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
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY