SPDR Barclays Correlations

SPIB Etf

USD 33.24 0.06 0.18%

The current 90-days correlation between SPDR Barclays Interm and SPDR Barclays Short is 0.9 (i.e., Almost no diversification). The correlation of SPDR Barclays 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 Barclays Correlation With Market

Weak diversification

The correlation between SPDR Barclays Intermediate and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Barclays Intermediate and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SPDR Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SPDR Barclays Intermediate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with SPDR Etf

0.76	LQD	iShares iBoxx Investment	Pair Corr
0.97	IGIB	iShares 5 10	Pair Corr
0.73	USIG	iShares Broad USD	Pair Corr
0.72	SUSC	iShares ESG USD	Pair Corr
0.7	QLTA	iShares Aaa	Pair Corr
0.72	CORP	PIMCO Investment Grade	Pair Corr
0.72	FLCO	Franklin Liberty Inv	Pair Corr
0.81	GIGB	Goldman Sachs Access	Pair Corr
0.72	VTC	Vanguard Total Corporate	Pair Corr
0.68	USD	ProShares Ultra Semi	Pair Corr
0.76	FNGO	MicroSectors FANG Index	Pair Corr
0.73	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.76	FNGG	Direxion Daily Select	Pair Corr
0.74	CRPT	First Trust SkyBridge	Pair Corr
0.72	BITO	ProShares Bitcoin	Pair Corr
0.64	BITS	Global X Blockchain	Pair Corr
0.77	DFEN	Direxion Daily Aerospace	Pair Corr
0.82	VOLT	Tema Electrification ETF	Pair Corr
0.82	COPJ	Sprott Junior Copper	Pair Corr
0.78	GSIG	Goldman Sachs Access	Pair Corr
0.61	EMCG	Embrace Change Acqui	Pair Corr
0.8	AOHY	Angel Oak High	Pair Corr
0.63	FMIL	Fidelity New Millennium	Pair Corr
0.8	GLOF	iShares MSCI Global	Pair Corr
0.76	BRRR	Valkyrie Bitcoin	Pair Corr
0.74	DVQQ	WEBs Defined Volatility	Pair Corr
0.75	FRNW	Fidelity Covington Trust	Pair Corr
0.63	ARKB	ARK 21Shares Bitcoin	Pair Corr
0.7	FID	First Trust Intl	Pair Corr
0.77	QGRW	WisdomTree Trust	Pair Corr
0.76	BUFR	First Trust Cboe	Pair Corr
0.84	WTMF	WisdomTree Managed	Pair Corr
0.67	IHY	VanEck International High	Pair Corr
0.82	IXUS	iShares Core MSCI	Pair Corr
0.73	DJUL	FT Cboe Vest	Pair Corr

Related Correlations Analysis

	SPSB	EBND	SPLB	SPTS	HYLB
SPSB		0.91	0.13	0.43	0.82	SPSB
EBND	0.91		-0.13	0.48	0.8	EBND
SPLB	0.13	-0.13		-0.33	0.29	SPLB
SPTS	0.43	0.48	-0.33		0.13	SPTS
HYLB	0.82	0.8	0.29	0.13		HYLB
	SPSB	EBND	SPLB	SPTS	HYLB

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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

EBND	+ 0.91	SPSB
HYLB	+ 0.82	SPSB
HYLB	+ 0.8	EBND
SPTS	+ 0.48	EBND
SPTS	+ 0.43	SPSB
HYLB	+ 0.29	SPLB

High negative correlations

SPTS	- 0.33	SPLB
SPLB	- 0.13	EBND

SPDR Barclays Constituents Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR Barclays 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 Barclays' 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
SPSB	0.09	0.01	(0.14)	0.66	0.00	(0.10)	0.20	(0.17)	0.64
EBND	0.37	0.06	0.06	0.44	0.38	(0.41)	0.91	(0.71)	3.05
SPLB	0.66	(0.04)	0.00	(0.11)	0.00	0.00	1.10	(1.76)	5.42
SPTS	0.09	0.00	(0.18)	2.41	0.03	(0.10)	0.17	(0.21)	0.66
HYLB	0.34	0.01	(0.02)	0.06	0.53	(0.35)	0.64	(0.92)	4.29

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