SPDR SP Correlations

DWX Etf

USD 41.92 0.21 0.50%

The current 90-days correlation between SPDR SP International and SPDR SP Emerging 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

Average diversification

The correlation between SPDR SP International and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR SP International and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SPDR Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in SPDR SP International. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with SPDR Etf

0.92	EFV	iShares MSCI EAFE	Pair Corr
0.94	IDV	iShares International	Pair Corr
0.89	DFIV	Dimensional International	Pair Corr
0.9	IVLU	iShares Edge MSCI	Pair Corr
0.95	RODM	Hartford Multifactor	Pair Corr
0.91	PXF	Invesco FTSE RAFI	Pair Corr
0.86	MSTY	YieldMax MSTR Option Sell-off Trend	Pair Corr
0.77	SHNY	Microsectors Gold	Pair Corr
0.71	GDXU	MicroSectors Gold Miners	Pair Corr
0.82	JNUG	Direxion Daily Junior	Pair Corr
0.8	GE	GE Aerospace	Pair Corr
0.69	DIS	Walt Disney	Pair Corr
0.76	AXP	American Express	Pair Corr
0.77	WMT	Walmart Aggressive Push	Pair Corr
0.81	JPM	JPMorgan Chase	Pair Corr

Moving against SPDR Etf

0.58	WTID	UBS ETRACS	Pair Corr
0.39	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	EDIV	IDV	FGD	PID	DEM
EDIV		0.95	0.95	0.97	0.86	EDIV
IDV	0.95		0.99	0.99	0.84	IDV
FGD	0.95	0.99		0.99	0.85	FGD
PID	0.97	0.99	0.99		0.87	PID
DEM	0.86	0.84	0.85	0.87		DEM
	EDIV	IDV	FGD	PID	DEM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
EDIV	0.69	0.04	0.01	0.23	1.17	(0.71)	1.24	(1.17)	5.64
IDV	0.79	0.15	0.08	1.16	1.27	(0.87)	1.29	(1.12)	6.81
FGD	0.71	0.16	0.09	1.74	1.16	(0.70)	1.44	(1.54)	6.92
PID	0.74	0.07	0.04	14.93	1.12	(0.79)	1.62	(1.80)	7.62
DEM	0.72	0.06	0.03	(0.98)	1.16	(0.77)	1.35	(1.60)	6.83

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