SPDR SP Correlations
| SLYV Etf | USD 73.45 0.03 0.04% |
The current 90-days correlation between SPDR SP 600 and Dimensional ETF Trust is 0.76 (i.e., Poor 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 600 and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR SP 600 and DJI in the same portfolio, assuming nothing else is changed.
Moving together with SPDR Etf
| 1.0 | VBR | Vanguard Small Cap | PairCorr |
| 1.0 | IWN | iShares Russell 2000 | PairCorr |
| 0.99 | IJJ | iShares SP Mid | PairCorr |
| 1.0 | DFAT | Dimensional Targeted | PairCorr |
| 1.0 | IJS | iShares SP Small | PairCorr |
| 0.99 | AVUV | Avantis Small Cap | PairCorr |
| 1.0 | DES | WisdomTree SmallCap | PairCorr |
| 0.88 | MDYV | SPDR SP 400 | PairCorr |
| 0.98 | CALF | Pacer Small Cap | PairCorr |
| 0.88 | DHF | BNY Mellon High | PairCorr |
| 0.96 | MAGS | Roundhill Magnificent | PairCorr |
| 0.8 | ARP | Advisors Inner Circle | PairCorr |
| 0.98 | PXMV | Invesco SP MidCap | PairCorr |
| 0.93 | SEMI | Columbia Seligman | PairCorr |
| 0.89 | DIS | Walt Disney Earnings Call Shortly | PairCorr |
| 0.8 | PFE | Pfizer Inc Earnings Call Shortly | PairCorr |
| 0.9 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.8 | HD | Home Depot | PairCorr |
| 0.76 | MMM | 3M Company | PairCorr |
| 0.88 | HPQ | HP Inc Sell-off Trend | PairCorr |
| 0.71 | CSCO | Cisco Systems | PairCorr |
| 0.69 | MSFT | Microsoft Earnings Call Shortly | PairCorr |
| 0.83 | AXP | American Express | PairCorr |
Moving against SPDR Etf
Related Correlations Analysis
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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
| High negative correlations
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DISV | 0.96 | 0.16 | 0.15 | 1.70 | 1.48 | 2.07 | 10.44 | |||
| VB | 1.33 | (0.05) | 0.00 | (0.19) | 0.00 | 2.51 | 13.70 | |||
| MMSC | 1.65 | (0.23) | 0.00 | 1.47 | 0.00 | 2.54 | 14.29 | |||
| VIOG | 1.35 | (0.24) | 0.00 | 1.34 | 0.00 | 2.36 | 12.82 | |||
| VIOV | 1.32 | (0.32) | 0.00 | 2.14 | 0.00 | 2.06 | 12.88 | |||
| VIOO | 1.32 | (0.28) | 0.00 | 1.57 | 0.00 | 2.51 | 13.16 | |||
| DWAS | 1.68 | (0.28) | 0.00 | 1.66 | 0.00 | 3.04 | 10.89 | |||
| VTWG | 1.51 | (0.25) | 0.00 | 1.39 | 0.00 | 2.61 | 13.64 | |||
| VTWV | 1.21 | (0.25) | 0.00 | 1.40 | 0.00 | 2.18 | 11.71 |