SPDR Portfolio Correlations

SPYV Etf

USD 49.83 0.49 0.99%

The current 90-days correlation between SPDR Portfolio SP and SPDR Portfolio SP is 0.91 (i.e., Almost no diversification). The correlation of SPDR Portfolio 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 Portfolio Correlation With Market

Good diversification

The correlation between SPDR Portfolio SP and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Portfolio SP 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 Portfolio SP. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with SPDR Etf

1.0	VTV	Vanguard Value Index	Pair Corr
1.0	VYM	Vanguard High Dividend	Pair Corr
0.99	IWD	iShares Russell 1000	Pair Corr
1.0	DGRO	iShares Core Dividend	Pair Corr
1.0	IVE	iShares SP 500	Pair Corr
0.97	DVY	iShares Select Dividend	Pair Corr
0.9	FVD	First Trust Value	Pair Corr
1.0	IUSV	iShares Core SP	Pair Corr
0.93	NOBL	ProShares SP 500	Pair Corr
0.93	OIH	VanEck Oil Services	Pair Corr
0.79	ARKW	ARK Next Generation	Pair Corr
0.86	WTMF	WisdomTree Managed	Pair Corr
0.9	BST	BlackRock Science Tech	Pair Corr
0.95	IRET	iREIT MarketVector	Pair Corr
0.97	BME	BlackRock Health Sciences	Pair Corr
0.78	JPM	JPMorgan Chase	Pair Corr
0.9	DD	Dupont De Nemours	Pair Corr
0.66	BA	Boeing	Pair Corr
0.81	IBM	International Business	Pair Corr
0.88	DIS	Walt Disney Earnings Call Tomorrow	Pair Corr
0.96	CSCO	Cisco Systems	Pair Corr
0.93	BAC	Bank of America	Pair Corr
0.64	MRK	Merck Company	Pair Corr
0.63	MSFT	Microsoft	Pair Corr
0.8	AXP	American Express	Pair Corr

Moving against SPDR Etf

0.45	KO	Coca Cola	Pair Corr
0.4	VZ	Verizon Communications	Pair Corr
0.4	T	ATT Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SPYG	SPYD	SPLG	SLYV	SPDW
SPYG		0.69	0.99	0.93	0.33	SPYG
SPYD	0.69		0.8	0.83	0.53	SPYD
SPLG	0.99	0.8		0.96	0.38	SPLG
SLYV	0.93	0.83	0.96		0.25	SLYV
SPDW	0.33	0.53	0.38	0.25		SPDW
	SPYG	SPYD	SPLG	SLYV	SPDW

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

SPDR Portfolio Constituents Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR Portfolio 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 Portfolio'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
SPYG	1.55	(0.09)	0.00	0.52	0.00	0.00	2.56	(3.75)	15.25
SPYD	0.91	(0.03)	0.00	18.05	0.00	0.00	1.50	(2.17)	8.22
SPLG	1.22	(0.08)	0.00	0.85	0.00	0.00	2.03	(2.65)	12.94
SLYV	1.34	(0.22)	0.00	1.61	0.00	0.00	2.10	(3.41)	13.17
SPDW	0.99	0.14	0.15	3.75	1.43	(1.01)	1.99	(2.15)	9.20

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