SPDR Portfolio Correlations

SPYV Etf

USD 57.37 0.26 0.46%

The current 90-days correlation between SPDR Portfolio SP and iShares SP 100 is 0.78 (i.e., Poor 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

Very poor diversification

The correlation between SPDR Portfolio SP and DJI is 0.86 (i.e., Very poor 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 housing.

Moving together with SPDR Etf

0.93	VTV	Vanguard Value Index	Pair Corr
0.9	VYM	Vanguard High Dividend	Pair Corr
0.96	IWD	iShares Russell 1000	Pair Corr
0.94	DGRO	iShares Core Dividend	Pair Corr
1.0	IVE	iShares SP 500	Pair Corr
1.0	IUSV	iShares Core SP	Pair Corr
0.79	NOBL	ProShares SP 500	Pair Corr
0.97	FNDX	Schwab Fundamental Large	Pair Corr
0.95	VLUE	iShares MSCI USA	Pair Corr
0.89	VTI	Vanguard Total Stock	Pair Corr
0.89	SPY	SPDR SP 500	Pair Corr
0.89	IVV	iShares Core SP	Pair Corr
0.63	VUG	Vanguard Growth Index	Pair Corr
0.95	VEA	Vanguard FTSE Developed	Pair Corr
0.74	VB	Vanguard Small Cap	Pair Corr
0.92	ZJAN	Innovator Equity Defined	Pair Corr
0.77	CLOX	Series Portfolios Trust	Pair Corr
0.72	QQQM	Invesco NASDAQ 100	Pair Corr
0.9	HYSD	Columbia ETF Trust	Pair Corr
0.78	QULL	ETRACS 2x Leveraged	Pair Corr
0.73	SMLV	SPDR SSGA Small	Pair Corr
0.92	SLX	VanEck Steel ETF	Pair Corr
0.73	ZSB	USCF Sustainable Battery	Pair Corr
0.87	GUSA	Goldman Sachs MarketBeta	Pair Corr
0.94	CSD	Invesco SP Spin	Pair Corr
0.68	SGOL	abrdn Physical Gold	Pair Corr
0.77	GTR	WisdomTree Target Range	Pair Corr
0.76	AVUV	Avantis Small Cap	Pair Corr
0.77	JADE	JP Morgan Exchange	Pair Corr
0.94	HLAL	Wahed FTSE USA	Pair Corr
0.63	GBUG	Sprott Active Gold	Pair Corr

Related Correlations Analysis

	IWR	IWB	OEF	IUSV	SPYG	DFAC	VONG	IUSG	QUAL	VDIGX
IWR		0.7	0.45	0.69	0.53	0.8	0.48	0.57	0.81	0.33	IWR
IWB	0.7		0.95	0.89	0.93	0.95	0.85	0.94	0.94	0.4	IWB
OEF	0.45	0.95		0.82	0.95	0.85	0.88	0.95	0.82	0.36	OEF
IUSV	0.69	0.89	0.82		0.69	0.95	0.55	0.71	0.93	0.49	IUSV
SPYG	0.53	0.93	0.95	0.69		0.8	0.96	1.0	0.79	0.27	SPYG
DFAC	0.8	0.95	0.85	0.95	0.8		0.67	0.83	0.97	0.44	DFAC
VONG	0.48	0.85	0.88	0.55	0.96	0.67		0.96	0.69	0.19	VONG
IUSG	0.57	0.94	0.95	0.71	1.0	0.83	0.96		0.82	0.28	IUSG
QUAL	0.81	0.94	0.82	0.93	0.79	0.97	0.69	0.82		0.46	QUAL
VDIGX	0.33	0.4	0.36	0.49	0.27	0.44	0.19	0.28	0.46		VDIGX
	IWR	IWB	OEF	IUSV	SPYG	DFAC	VONG	IUSG	QUAL	VDIGX

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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
IWR	0.68	(0.04)	(0.04)	0.02	0.93	(0.63)	1.33	(1.52)	3.63
IWB	0.59	(0.01)	(0.02)	0.04	0.91	(0.54)	1.17	(1.27)	3.30
OEF	0.62	(0.01)	(0.01)	0.05	0.85	(0.58)	1.53	(1.32)	3.72
IUSV	0.51	0.01	0.00	0.07	0.59	(0.52)	1.02	(0.98)	2.99
SPYG	0.77	(0.02)	(0.02)	0.04	1.13	(0.73)	1.57	(1.82)	5.30
DFAC	0.59	(0.01)	(0.01)	0.05	0.88	(0.55)	1.30	(1.32)	3.38
VONG	0.77	(0.04)	(0.03)	0.02	1.15	(0.71)	1.72	(1.78)	4.30
IUSG	0.77	(0.02)	(0.02)	0.03	1.13	(0.73)	1.45	(1.79)	4.45
QUAL	0.56	(0.01)	(0.02)	0.05	0.75	(0.54)	1.18	(1.06)	3.12
VDIGX	0.72	(0.20)	0.00	(0.22)	0.00	0.00	1.03	(0.87)	2.49

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SPDR Portfolio Correlations

SPDR Portfolio Correlation With Market

Very poor diversification

Moving together with SPDR Etf

Related Correlations Analysis

SPDR Portfolio Constituents Risk-Adjusted Indicators

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