SPDR Russell Correlations

SPMD Etf

USD 55.62 0.03 0.05%

The current 90-days correlation between SPDR Russell Small and SPDR Portfolio SP is 0.97 (i.e., Almost no diversification). The correlation of SPDR Russell 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 Russell Correlation With Market

Good diversification

The correlation between SPDR Russell Small and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Russell Small 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 Russell Small. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with SPDR Etf

0.72	VO	Vanguard Mid Cap	Pair Corr
0.81	VXF	Vanguard Extended Market Sell-off Trend	Pair Corr
0.82	IJH	iShares Core SP Sell-off Trend	Pair Corr
0.82	IWR	iShares Russell Mid	Pair Corr
0.82	MDY	SPDR SP MIDCAP	Pair Corr
0.81	FV	First Trust Dorsey	Pair Corr
0.82	IVOO	Vanguard SP Mid	Pair Corr
0.82	JHMM	John Hancock Multifactor	Pair Corr
0.82	BBMC	JPMorgan BetaBuilders Mid	Pair Corr
0.81	XMMO	Invesco SP MidCap	Pair Corr
0.8	SIXD	AIM ETF Products	Pair Corr
0.66	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.71	CEFD	ETRACS Monthly Pay	Pair Corr
0.75	BUFD	FT Cboe Vest	Pair Corr
0.64	CVX	Chevron Corp	Pair Corr
0.77	CSCO	Cisco Systems	Pair Corr
0.73	MSFT	Microsoft	Pair Corr
0.69	DIS	Walt Disney	Pair Corr
0.65	DD	Dupont De Nemours	Pair Corr
0.71	MMM	3M Company	Pair Corr
0.75	CAT	Caterpillar	Pair Corr
0.72	IBM	International Business Earnings Call This Week	Pair Corr
0.75	AA	Alcoa Corp	Pair Corr
0.75	AXP	American Express	Pair Corr
0.71	BAC	Bank of America	Pair Corr
0.66	GE	GE Aerospace Earnings Call This Week	Pair Corr

Moving against SPDR Etf

0.72	VXX	iPath Series B	Pair Corr
0.72	VIXY	ProShares VIX Short	Pair Corr
0.64	YCL	ProShares Ultra Yen	Pair Corr
0.56	MCD	McDonalds	Pair Corr
0.53	KO	Coca Cola Earnings Call Tomorrow	Pair Corr
0.38	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	SPSM	SPDW	SPTM	SPEM	MDYV
SPSM		0.93	0.98	0.66	0.83	SPSM
SPDW	0.93		0.97	0.69	0.77	SPDW
SPTM	0.98	0.97		0.66	0.82	SPTM
SPEM	0.66	0.69	0.66		0.57	SPEM
MDYV	0.83	0.77	0.82	0.57		MDYV
	SPSM	SPDW	SPTM	SPEM	MDYV

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

SPDR Russell Constituents Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR Russell 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 Russell'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
SPSM	0.90	0.29	0.13	(2.27)	0.80	(1.08)	2.25	(1.70)	6.68
SPDW	0.52	0.21	0.08	(1.57)	0.38	(0.60)	1.37	(1.06)	3.28
SPTM	0.61	0.32	0.26	(4.69)	0.00	(0.72)	2.07	(0.81)	5.04
SPEM	0.57	0.15	0.10	0.44	0.43	(0.68)	1.70	(1.20)	4.16
MDYV	0.79	0.13	0.12	0.28	0.65	(0.94)	2.03	(1.25)	6.38

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