SPDR SP Correlations

EDIV Etf

USD 38.86 0.18 0.47%

The current 90-days correlation between SPDR SP Emerging and Franklin Templeton ETF is 0.94 (i.e., Almost no 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

Poor diversification

The correlation between SPDR SP Emerging and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR SP Emerging 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 Emerging. 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

0.99	VWO	Vanguard FTSE Emerging	Pair Corr
0.98	IEMG	iShares Core MSCI	Pair Corr
0.98	EMC	Global X Funds	Pair Corr
0.98	EEM	iShares MSCI Emerging	Pair Corr
0.99	SPEM	SPDR Portfolio Emerging	Pair Corr
0.98	FNDE	Schwab Fundamental	Pair Corr
0.98	ESGE	iShares ESG Aware	Pair Corr
0.99	SFGRX	Seafarer Overseas	Pair Corr
0.99	DGS	WisdomTree Emerging	Pair Corr
0.99	XSOE	WisdomTree Emerging	Pair Corr
0.91	SHLD	Global X Funds Potential Growth	Pair Corr
0.94	LUX	Tema ETF Trust	Pair Corr
0.94	SWP	SWP Growth Income	Pair Corr
0.65	DUKH	Ocean Park High	Pair Corr
0.96	WINN	Harbor Long Term	Pair Corr
0.79	WMT	Walmart	Pair Corr
0.71	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.93	CAT	Caterpillar Sell-off Trend	Pair Corr
0.8	TRV	The Travelers Companies	Pair Corr
0.86	MMM	3M Company	Pair Corr
0.95	AXP	American Express	Pair Corr
0.74	AA	Alcoa Corp	Pair Corr
0.94	MSFT	Microsoft	Pair Corr
0.93	GE	GE Aerospace	Pair Corr
0.95	BAC	Bank of America Aggressive Push	Pair Corr
0.76	DD	Dupont De Nemours	Pair Corr
0.95	BA	Boeing Aggressive Push	Pair Corr

Moving against SPDR Etf

0.93	FNGD	MicroSectors FANG Index	Pair Corr
0.77	HUM	Humana Inc	Pair Corr
0.57	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.5	SMI	Van Eck	Pair Corr

Related Correlations Analysis

	DIEM	DIVD	DIVG	DIVI	DIVL	DIVO	DIVP	MDPL	DURA
DIEM		0.97	0.89	0.96	0.94	0.97	0.83	0.78	0.77	DIEM
DIVD	0.97		0.94	0.96	0.97	0.97	0.89	0.85	0.85	DIVD
DIVG	0.89	0.94		0.84	0.97	0.93	0.98	0.96	0.96	DIVG
DIVI	0.96	0.96	0.84		0.9	0.93	0.77	0.74	0.7	DIVI
DIVL	0.94	0.97	0.97	0.9		0.97	0.94	0.9	0.91	DIVL
DIVO	0.97	0.97	0.93	0.93	0.97		0.88	0.83	0.83	DIVO
DIVP	0.83	0.89	0.98	0.77	0.94	0.88		0.96	0.98	DIVP
MDPL	0.78	0.85	0.96	0.74	0.9	0.83	0.96		0.95	MDPL
DURA	0.77	0.85	0.96	0.7	0.91	0.83	0.98	0.95		DURA
	DIEM	DIVD	DIVG	DIVI	DIVL	DIVO	DIVP	MDPL	DURA

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
DIEM	0.86	0.11	0.06	0.25	1.25	(0.92)	2.34	(1.57)	8.25
DIVD	0.84	0.01	(0.01)	0.11	1.41	(0.82)	1.55	(2.18)	9.14
DIVG	0.95	(0.05)	(0.04)	0.04	1.66	(0.87)	1.57	(2.27)	9.33
DIVI	0.85	0.09	0.04	0.21	1.38	(0.85)	1.72	(1.38)	8.65
DIVL	0.91	(0.02)	(0.03)	0.08	1.45	(0.93)	1.68	(2.09)	8.38
DIVO	0.74	0.02	0.00	0.12	1.24	(0.76)	1.51	(1.69)	8.73
DIVP	0.83	(0.06)	(0.06)	0.01	1.41	(0.80)	1.39	(1.60)	8.14
MDPL	0.94	(0.06)	(0.06)	0.03	1.35	(0.94)	2.01	(2.25)	8.16
DURA	0.94	(0.10)	0.00	(0.01)	0.00	0.00	1.86	(2.27)	9.42

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