SPDR SP Correlations

EWX Etf  USD 63.98  0.12  0.19%   
The current 90-days correlation between SPDR SP Emerging and SPDR SP International is 0.57 (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

Very weak diversification

The correlation between SPDR SP Emerging and DJI is 0.53 (i.e., Very weak 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.
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

  0.85VWO Vanguard FTSE EmergingPairCorr
  0.85IEMG iShares Core MSCIPairCorr
  0.97EMC Global X FundsPairCorr
  0.84EEM iShares MSCI EmergingPairCorr
  0.83SPEM SPDR Portfolio EmergingPairCorr
  0.85FNDE Schwab FundamentalPairCorr
  0.84ESGE iShares ESG AwarePairCorr
  0.97SFGRX Seafarer OverseasPairCorr
  0.98DGS WisdomTree EmergingPairCorr
  0.98XSOE WisdomTree EmergingPairCorr
  0.64USD ProShares Ultra SemiPairCorr
  0.64DIG ProShares Ultra OilPairCorr
  0.81KEMQ KraneShares EmergingPairCorr
  0.61JPM JPMorgan ChasePairCorr
  0.61DD Dupont De Nemours Earnings Call This WeekPairCorr

Moving against SPDR Etf

  0.45TRV The Travelers CompaniesPairCorr

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.