SPDR SAMPP Correlations

SXLF Etf

USD 58.35 -1.05 -1.77%

The current 90-days correlation between SPDR SAMPP Financials and SPDR MSCI Europe is 0.42 (i.e., Very weak diversification).The correlation matrix placing SPDR SAMPP alongside other assets in a portfolio reveals concentration risks and helps optimize allocation to achieve target diversification.

SPDR SAMPP Correlation With Broad Market

Significant diversification

Across the chosen horizon, SXLF and DJI show a correlation of 0.01 and fall into the Significant diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

The correlation view summarizes how SPDR SAMPP aligns with comparable exposures. Where wash sale rules apply, substantially identical replacements can be restricted; this view is informational context only.

Moving together with SPDR Etf

0.69	VUSA	Vanguard SAMPP 500	Pair Corr
0.7	IEAC	iShares Core Corp	Pair Corr
0.61	XLKS	Invesco Technology SAMPP	Pair Corr

Moving against SPDR Etf

0.77	IUSP	iShares Property Yield	Pair Corr
0.69	IWDP	iShares Developed Markets	Pair Corr
0.67	GBRE	SPDR Dow Jones	Pair Corr
0.61	CSNKY	iShares VII PLC	Pair Corr
0.57	IPRP	iShares European Property	Pair Corr
0.54	IASP	iShares Asia Property	Pair Corr
0.53	SRFCHA	UBS ETF SXI	Pair Corr
0.5	EIMI	iShares Core MSCI	Pair Corr
0.44	JPNJPA	UBSFund Solutions MSCI	Pair Corr
0.39	LYHLT	Multi Units Luxembourg	Pair Corr

Related Correlations Analysis

	EVAL	SXLU	STPX	EMAS	GLAC	TBIL	STNX	SMCX
EVAL		0.52	0.96	0.9	0.45	0.81	0.54	0.81	EVAL
SXLU	0.52		0.53	0.59	0.76	0.76	0.9	0.12	SXLU
STPX	0.96	0.53		0.94	0.46	0.81	0.55	0.86	STPX
EMAS	0.9	0.59	0.94		0.5	0.81	0.61	0.82	EMAS
GLAC	0.45	0.76	0.46	0.5		0.4	0.51	0.2	GLAC
TBIL	0.81	0.76	0.81	0.81	0.4		0.84	0.53	TBIL
STNX	0.54	0.9	0.55	0.61	0.51	0.84		0.13	STNX
SMCX	0.81	0.12	0.86	0.82	0.2	0.53	0.13		SMCX
	EVAL	SXLU	STPX	EMAS	GLAC	TBIL	STNX	SMCX

SPDR SAMPP Constituents Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR SAMPP 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 SAMPP'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
EVAL	0.52	0.07	0.08	0.33	0.84	-0.54	1.39	-1.52	4.17
SXLU	0.75	0.08	0.10	-1.05	0.81	-0.87	1.42	-1.58	5.71
STPX	0.93	0.08	0.05	1.23	1.44	-0.95	1.97	-2.08	7.40
EMAS	0.84	0.11	0.10	2.33	0.99	-0.86	1.77	-1.47	7.62
GLAC	0.13	-0.01	0.00	1.14	0.00	0.00	0.26	-0.25	0.69
TBIL	0.03	0.01	0.28	0.66	0.00	-0.04	0.08	-0.05	0.32
STNX	1.05	0.23	0.21	-0.54	0.93	-1.25	2.64	-1.91	6.10
SMCX	0.61	0.01	0.02	0.17	1.04	-0.60	1.49	-1.79	5.44

Be your own money manager

Optimization tools can help investors judge whether capital allocated to SPDR SAMPP Financials is being used efficiently relative to other opportunities in the same equity universe. This is most useful when investors want to improve risk-adjusted return instead of simply owning more ideas at once.

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