SPDR MSCI Correlations

QEMM Etf

USD 72.62 0.47 0.64%

The current 90-days correlation between SPDR MSCI Emerging and First Trust RiverFront is 0.91 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SPDR MSCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR MSCI Emerging moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SPDR MSCI Correlation With Market

Very poor diversification

The correlation between SPDR MSCI Emerging and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR MSCI Emerging and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SPDR Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in SPDR MSCI 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 state.

Moving together with SPDR Etf

0.99	VWO	Vanguard FTSE Emerging	Pair Corr
1.0	IEMG	iShares Core MSCI	Pair Corr
0.99	EMC	Global X Funds	Pair Corr
0.99	EEM	iShares MSCI Emerging	Pair Corr
0.99	SPEM	SPDR Portfolio Emerging	Pair Corr
0.99	FNDE	Schwab Fundamental Sell-off Trend	Pair Corr
0.99	ESGE	iShares ESG Aware	Pair Corr
0.98	SFGRX	Seafarer Overseas	Pair Corr
0.99	DGS	WisdomTree Emerging	Pair Corr
0.99	XSOE	WisdomTree Emerging	Pair Corr
0.86	DHF	BNY Mellon High	Pair Corr
0.96	ARP	Advisors Inner Circle	Pair Corr
0.8	PXMV	Invesco SP MidCap	Pair Corr
0.86	IGA	Voya Global Advantage	Pair Corr
0.92	FPXE	First Trust IPOX	Pair Corr
0.97	CHPS	Xtrackers Semiconductor	Pair Corr
0.91	REGL	ProShares SP MidCap	Pair Corr
0.82	WDNA	WisdomTree BioRevolution Low Volatility	Pair Corr
0.99	STXE	EA Series Trust	Pair Corr
0.9	UDI	USCF ETF Trust	Pair Corr
0.77	XAUG	FT Cboe Vest	Pair Corr
0.88	DFSD	Dimensional ETF Trust	Pair Corr
0.72	FB	ProShares Trust ProShares	Pair Corr
0.76	TERG	Leverage Shares 2X	Pair Corr
0.85	NCPB	Nuveen Core Plus	Pair Corr
0.93	IRTR	iShares Trust	Pair Corr
0.7	FXC	Invesco CurrencyShares	Pair Corr
0.69	WEBS	Direxion Daily Dow	Pair Corr
0.98	CCNR	CoreCommodity Natural	Pair Corr
0.95	EURL	Direxion Daily FTSE	Pair Corr
0.96	NBCE	Neuberger Berman ETF	Pair Corr
0.87	SPVM	Invesco SP 500	Pair Corr
0.9	IQSZ	Invesco Actively Managed	Pair Corr

Moving against SPDR Etf

0.69	ENTR	EntrepreneurShares	Pair Corr
0.41	PLT	Defiance Leveraged Long	Pair Corr
0.31	MAGS	Roundhill Magnificent	Pair Corr

Related Correlations Analysis

	ROAM	MEM	ENOR	FLLA	EWUS	INEQ	JDVI	EMCR	AVMA	RFEM
ROAM		0.98	0.97	0.98	0.92	0.94	0.98	0.99	0.95	1.0	ROAM
MEM	0.98		0.95	0.96	0.92	0.92	0.96	0.98	0.93	0.98	MEM
ENOR	0.97	0.95		0.96	0.93	0.98	0.98	0.95	0.96	0.97	ENOR
FLLA	0.98	0.96	0.96		0.9	0.93	0.96	0.95	0.93	0.97	FLLA
EWUS	0.92	0.92	0.93	0.9		0.92	0.96	0.93	0.95	0.93	EWUS
INEQ	0.94	0.92	0.98	0.93	0.92		0.97	0.91	0.97	0.95	INEQ
JDVI	0.98	0.96	0.98	0.96	0.96	0.97		0.97	0.98	0.98	JDVI
EMCR	0.99	0.98	0.95	0.95	0.93	0.91	0.97		0.94	0.99	EMCR
AVMA	0.95	0.93	0.96	0.93	0.95	0.97	0.98	0.94		0.96	AVMA
RFEM	1.0	0.98	0.97	0.97	0.93	0.95	0.98	0.99	0.96		RFEM
	ROAM	MEM	ENOR	FLLA	EWUS	INEQ	JDVI	EMCR	AVMA	RFEM

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SPDR MSCI Constituents Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR MSCI 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 MSCI'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
ROAM	0.52	0.14	0.16	0.36	0.46	(0.58)	1.54	(0.98)	3.66
MEM	0.76	0.16	0.12	1.70	0.80	(0.82)	1.90	(1.55)	5.83
ENOR	0.78	0.28	0.33	0.46	0.36	(0.93)	2.36	(1.05)	5.91
FLLA	1.00	0.25	0.16	0.43	1.20	(1.09)	2.16	(2.42)	6.75
EWUS	0.73	0.17	0.13	(0.80)	0.77	(0.82)	2.02	(1.49)	4.55
INEQ	0.53	0.16	0.22	0.34	0.30	(0.61)	1.26	(0.93)	2.70
JDVI	0.72	0.16	0.15	0.25	0.74	(0.76)	1.63	(1.15)	4.14
EMCR	0.69	0.11	0.12	0.21	0.66	(0.78)	1.66	(1.28)	4.16
AVMA	0.41	0.08	0.12	0.17	0.34	(0.47)	0.93	(0.91)	2.47
RFEM	0.62	0.14	0.20	0.30	0.39	(0.74)	1.52	(1.00)	3.02

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