SPDR Barclays Correlations

SPSB Etf

USD 30.02 0.01 0.03%

The current 90-days correlation between SPDR Barclays Short and SPDR Barclays Intermediate is 0.9 (i.e., Almost no diversification). The correlation of SPDR Barclays 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 Barclays Correlation With Market

Average diversification

The correlation between SPDR Barclays Short and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Barclays Short 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 Barclays Short. 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

0.77	IGSB	iShares 1 5	Pair Corr
0.71	ISTB	iShares Core 1	Pair Corr
0.77	SLQD	iShares 0 5	Pair Corr
0.92	LDUR	PIMCO Enhanced Low	Pair Corr
0.99	SUSB	iShares ESG 1	Pair Corr
0.74	ITDD	iShares Trust	Pair Corr
0.63	ITWO	Proshares Russell 2000	Pair Corr
0.77	FLXR	TCW ETF Trust	Pair Corr
0.68	SOXX	iShares Semiconductor ETF	Pair Corr
0.82	BTFD	Valkyrie Bitcoin Strategy	Pair Corr
0.79	OBND	SSGA Active Trust	Pair Corr
0.87	ARKB	ARK 21Shares Bitcoin	Pair Corr
0.79	XHYT	BondBloxx ETF Trust	Pair Corr
0.87	NIKL	Sprott Nickel Miners	Pair Corr
0.75	SWAN	Amplify BlackSwan Growth	Pair Corr
0.75	DWMF	WisdomTree International	Pair Corr
0.78	FRNW	Fidelity Covington Trust	Pair Corr
0.77	IPAC	iShares Core MSCI	Pair Corr
0.92	FID	First Trust Intl	Pair Corr
0.77	DMCY	Democracy International	Pair Corr
0.72	FORH	Formidable ETF	Pair Corr
0.75	FMAY	First Trust Exchange	Pair Corr
0.73	PWRD	Perfect World Symbol Change	Pair Corr
0.77	VOLT	Tema Electrification ETF	Pair Corr
0.75	FYC	First Trust Small	Pair Corr
0.68	ODCEX	ODCEX	Pair Corr
0.7	DJUL	FT Cboe Vest	Pair Corr
0.76	EAOM	iShares ESG Aware	Pair Corr
0.78	JIRE	JP Morgan Exchange	Pair Corr
0.66	GSIG	Goldman Sachs Access	Pair Corr
0.74	CBTJ	Calamos Bitcoin 80	Pair Corr
0.76	GLOF	iShares MSCI Global	Pair Corr
0.79	CGIE	Capital Group Intern	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.88	0.74	0.8	0.4	0.66	0.56	0.89	-0.16	0.0	META
MSFT	0.88		0.88	0.82	0.55	0.34	0.41	0.91	-0.48	-0.25	MSFT
UBER	0.74	0.88		0.89	0.41	0.22	0.59	0.92	-0.52	-0.28	UBER
F	0.8	0.82	0.89		0.45	0.53	0.7	0.9	-0.23	0.07	F
T	0.4	0.55	0.41	0.45		0.11	0.0	0.49	-0.27	0.08	T
A	0.66	0.34	0.22	0.53	0.11		0.61	0.43	0.57	0.58	A
CRM	0.56	0.41	0.59	0.7	0.0	0.61		0.55	0.18	0.26	CRM
JPM	0.89	0.91	0.92	0.9	0.49	0.43	0.55		-0.4	-0.12	JPM
MRK	-0.16	-0.48	-0.52	-0.23	-0.27	0.57	0.18	-0.4		0.7	MRK
XOM	0.0	-0.25	-0.28	0.07	0.08	0.58	0.26	-0.12	0.7		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

JPM	+ 0.92	UBER
JPM	+ 0.91	MSFT
JPM	+ 0.9	F
JPM	+ 0.89	META
F	+ 0.89	UBER
MSFT	+ 0.88	META

High negative correlations

MRK	- 0.52	UBER
MRK	- 0.48	MSFT
MRK	- 0.4	JPM
XOM	- 0.28	UBER
MRK	- 0.27	T
XOM	- 0.25	MSFT

SPDR Barclays Competition Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR Barclays 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 Barclays' 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
META	2.11	0.20	0.08	0.16	2.53	(2.36)	4.23	(4.29)	21.50
MSFT	1.26	0.37	0.21	(8.01)	1.12	(1.36)	2.58	(2.36)	13.79
UBER	1.90	0.25	0.10	0.22	2.29	(2.07)	4.19	(3.48)	16.18
F	1.72	0.12	0.05	0.15	2.27	(1.77)	2.90	(3.84)	13.07
T	1.17	0.00	0.05	0.00	1.77	(1.20)	2.01	(2.62)	8.83
A	1.79	(0.08)	0.00	(0.03)	0.00	0.00	2.76	(4.15)	14.45
CRM	1.58	(0.11)	0.00	(0.06)	0.00	0.00	3.02	(3.64)	13.13
JPM	1.30	0.21	0.09	0.22	1.95	(1.36)	2.75	(2.12)	11.14
MRK	1.62	(0.26)	0.00	(0.35)	0.00	0.00	2.55	(4.72)	10.58
XOM	1.31	0.07	0.02	4.36	2.18	(1.25)	2.80	(2.77)	10.53

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