SPDR SSGA Correlations

MYCF Etf

25.08 0.01 0.04%

The current 90-days correlation between SPDR SSGA My2026 and VanEck Vectors Moodys is 0.35 (i.e., Weak diversification). The correlation of SPDR SSGA 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.

SPDR SSGA Correlation With Market

Modest diversification

The correlation between SPDR SSGA My2026 and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR SSGA My2026 and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SPDR Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in SPDR SSGA My2026. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with SPDR Etf

0.99	BSCP	Invesco BulletShares 2025	Pair Corr
0.99	IBDQ	iShares iBonds Dec	Pair Corr
0.99	BSCQ	Invesco BulletShares 2026	Pair Corr
0.99	IBDR	iShares iBonds Dec	Pair Corr
0.98	IBDS	iShares iBonds Dec	Pair Corr
0.95	SHLD	Global X Defense	Pair Corr
0.79	LUX	Tema ETF Trust	Pair Corr
0.97	SWP	SWP Growth Income	Pair Corr
0.98	DUKH	Ocean Park High	Pair Corr
0.94	WINN	Harbor Long Term	Pair Corr
0.95	KEMQ	KraneShares Emerging	Pair Corr
0.88	DFCF	Dimensional ETF Trust	Pair Corr
0.95	HDV	iShares Core High	Pair Corr
0.69	KWEB	KraneShares CSI China	Pair Corr
0.97	JHDV	John Hancock Exchange	Pair Corr
0.83	AA	Alcoa Corp	Pair Corr
0.74	MMM	3M Company Sell-off Trend	Pair Corr
0.64	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.95	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.94	CSCO	Cisco Systems	Pair Corr
0.84	AXP	American Express	Pair Corr
0.9	CVX	Chevron Corp Earnings Call This Week	Pair Corr
0.93	MSFT	Microsoft Earnings Call Today	Pair Corr
0.85	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.86	BA	Boeing	Pair Corr

Moving against SPDR Etf

0.89	FNGD	MicroSectors FANG Index	Pair Corr
0.55	HUM	Humana Inc Earnings Call Today	Pair Corr
0.45	SMI	Van Eck	Pair Corr
0.53	KO	Coca Cola	Pair Corr
0.46	PG	Procter Gamble	Pair Corr
0.4	TRV	The Travelers Companies	Pair Corr
0.34	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.96	0.76	0.75	0.45	0.89	-0.17	0.9	0.22	0.55	META
MSFT	0.96		0.79	0.81	0.4	0.83	-0.18	0.94	0.27	0.54	MSFT
UBER	0.76	0.79		0.86	0.26	0.72	0.25	0.8	0.17	0.46	UBER
F	0.75	0.81	0.86		0.29	0.77	-0.09	0.88	0.46	0.71	F
T	0.45	0.4	0.26	0.29		0.48	-0.13	0.39	0.26	0.17	T
A	0.89	0.83	0.72	0.77	0.48		-0.15	0.83	0.39	0.67	A
CRM	-0.17	-0.18	0.25	-0.09	-0.13	-0.15		-0.2	-0.47	-0.33	CRM
JPM	0.9	0.94	0.8	0.88	0.39	0.83	-0.2		0.38	0.62	JPM
MRK	0.22	0.27	0.17	0.46	0.26	0.39	-0.47	0.38		0.54	MRK
XOM	0.55	0.54	0.46	0.71	0.17	0.67	-0.33	0.62	0.54		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

MSFT	+ 0.96	META
JPM	+ 0.94	MSFT
JPM	+ 0.9	META
A	+ 0.89	META
JPM	+ 0.88	F
F	+ 0.86	UBER

High negative correlations

MRK	- 0.47	CRM
XOM	- 0.33	CRM
JPM	- 0.2	CRM
CRM	- 0.18	MSFT
CRM	- 0.17	META
CRM	- 0.15	A

SPDR SSGA Competition Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR SSGA 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 SSGA'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
META	1.33	0.27	0.27	0.40	0.67	(1.62)	3.62	(1.93)	10.48
MSFT	0.77	0.35	0.50	0.70	0.00	(0.98)	2.33	(0.94)	8.85
UBER	1.53	0.11	0.09	0.28	1.35	(1.91)	4.19	(2.02)	10.87
F	1.29	0.07	0.04	0.26	1.40	(1.40)	2.69	(2.33)	7.46
T	0.95	0.01	(0.11)	0.24	1.21	(1.00)	2.03	(2.23)	5.71
A	1.46	(0.14)	0.01	0.11	1.75	(1.54)	2.82	(2.89)	14.01
CRM	1.16	(0.13)	(0.04)	0.09	1.49	(1.13)	2.76	(2.57)	9.31
JPM	0.80	0.16	0.14	0.35	0.55	(0.93)	1.86	(1.31)	5.90
MRK	1.39	(0.12)	(0.03)	0.09	1.86	(1.33)	2.90	(3.31)	10.58
XOM	1.05	0.04	(0.07)	0.42	1.37	(1.01)	2.14	(2.58)	6.26

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