SPDR DoubleLine Correlations

STOT Etf

USD 47.15 -0.02 -0.04%

The current 90-days correlation between SPDR DoubleLine Short and PIMCO Enhanced Short is 0.45 (i.e., Very weak diversification).The rolling correlation of SPDR DoubleLine with major benchmarks helps investors assess how its diversification benefit changes during periods of stress versus calm markets.

Market Linkage for SPDR DoubleLine

Significant diversification

Across the chosen horizon, STOT and DJI show a correlation of 0.08 and fall into the Significant diversification bucket. The overlap area represents the portion of risk that may be diversified away when both instruments are held together and nothing else in the portfolio changes.

Build portfolio with SPDR Etf

World Market Map provides context for diversified portfolio construction. Additional portfolio transparency improves capital positioning. The allocation includes a position in SPDR DoubleLine Short across the allocation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with SPDR Etf

0.92	BSV	Vanguard Short Term Sell-off Trend	Pair Corr
0.91	IGSB	iShares 1 5 Sell-off Trend	Pair Corr
0.97	SPSB	SPDR Barclays Short Sell-off Trend	Pair Corr
0.94	ISTB	iShares Core 1	Pair Corr
0.94	SLQD	iShares 0 5	Pair Corr
0.86	GVI	iShares Intermediate	Pair Corr
0.97	LDUR	PIMCO Enhanced Low	Pair Corr
0.93	SUSB	iShares ESG 1	Pair Corr
0.75	MUU	Direxion Daily MU Trending	Pair Corr
0.74	MULL	GraniteShares 2x Long Trending	Pair Corr
0.9	KORU	Direxion Daily South	Pair Corr
0.8	BWET	ETF Managers Group	Pair Corr
0.62	NUGT	Direxion Daily Gold	Pair Corr
0.64	JNUG	Direxion Daily Junior	Pair Corr
0.92	SPDV	AAM SAMPP 500	Pair Corr
0.94	PAYR	Federated Hermes Enhanced	Pair Corr
0.67	TRV	The Travelers Companies	Pair Corr
0.83	PFE	Pfizer Inc	Pair Corr
0.65	AA	Alcoa Corp	Pair Corr
0.88	DD	Dupont De Nemours	Pair Corr
0.9	CAT	Caterpillar	Pair Corr
0.78	MCD	McDonalds	Pair Corr
0.87	VZ	Verizon Communications	Pair Corr
0.94	MRK	Merck Company	Pair Corr
0.8	WMT	Walmart Common Stock	Pair Corr
0.89	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Moving against SPDR Etf

0.63	ENAV	Collaborative Investment Low Volatility	Pair Corr
0.33	RKLX	DeFiance Daily Target	Pair Corr
0.89	MSFT	Microsoft	Pair Corr
0.87	HPQ	HP Inc	Pair Corr
0.8	AXP	American Express	Pair Corr
0.6	BAC	Bank of America	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.08	-0.01	0.24	0.02	0.12	0.04	0.27	-0.13	-0.07	META
MSFT	0.08		0.85	0.16	-0.92	0.83	0.97	0.64	-0.89	-0.95	MSFT
UBER	-0.01	0.85		0.15	-0.9	0.81	0.83	0.52	-0.76	-0.81	UBER
F	0.24	0.16	0.15		-0.21	0.55	0.1	0.52	0.0	-0.26	F
T	0.02	-0.92	-0.9	-0.21		-0.85	-0.87	-0.53	0.84	0.88	T
A	0.12	0.83	0.81	0.55	-0.85		0.79	0.8	-0.69	-0.86	A
CRM	0.04	0.97	0.83	0.1	-0.87	0.79		0.68	-0.88	-0.96	CRM
JPM	0.27	0.64	0.52	0.52	-0.53	0.8	0.68		-0.48	-0.72	JPM
MRK	-0.13	-0.89	-0.76	0.0	0.84	-0.69	-0.88	-0.48		0.88	MRK
XOM	-0.07	-0.95	-0.81	-0.26	0.88	-0.86	-0.96	-0.72	0.88		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

Please upgrade your account to get full access to Macroaxis premium features

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

CRM	+ 0.97	MSFT
XOM	+ 0.88	T
XOM	+ 0.88	MRK
UBER	+ 0.85	MSFT
MRK	+ 0.84	T
A	+ 0.83	MSFT

High negative correlations

XOM	- 0.96	CRM
XOM	- 0.95	MSFT
T	- 0.92	MSFT
T	- 0.9	UBER
MRK	- 0.89	MSFT
MRK	- 0.88	CRM

SPDR DoubleLine Competition Risk-Adjusted Indicators

Strong stock returns do not always mean SPDR DoubleLine ETF is outperforming its peers on a fundamental level. A thorough review of SPDR DoubleLine's risk-adjusted indicators provides a clearer picture of whether returns are being earned efficiently. 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	1.48	0.01	0.00	-0.08	0.00	0.00	2.33	-2.82	14.24
MSFT	1.26	-0.26	0.00	-0.63	0.00	0.00	2.19	-2.87	13.28
UBER	1.52	-0.11	0.00	-0.30	0.00	0.00	3.18	-3.60	11.09
F	1.34	-0.10	0.00	-0.18	0.00	0.00	3.61	-3.07	10.01
T	1.11	0.19	0.20	-1.16	1.17	-1.22	3.87	-1.92	8.53
A	1.26	-0.28	0.00	-0.36	0.00	0.00	2.48	-3.01	7.20
CRM	1.82	-0.38	0.00	-0.67	0.00	0.00	3.41	-4.75	9.78
JPM	1.12	-0.02	0.00	-0.10	0.00	0.00	2.02	-2.63	8.17
MRK	1.13	0.32	0.25	0.62	1.22	-1.26	2.54	-1.98	7.29
XOM	1.34	0.44	0.34	5.51	1.15	-1.54	2.90	-2.44	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

2026 Macroaxis LLC