SPDR MSCI Correlations
| WCOD Etf | USD 79.73 -1.83 -2.24% |
The current 90-days correlation between SPDR MSCI World and SPDR MSCI Europe is 0.45 (i.e., Very weak diversification).The correlation matrix placing SPDR MSCI alongside other assets in a portfolio reveals concentration risks and helps optimize allocation to achieve target diversification.
SPDR MSCI Correlation With Broad Market
Weak diversification
Across the chosen horizon, WCOD and DJI show a correlation of 0.32 and fall into the Weak diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.
SPDR |
The correlation view summarizes how SPDR MSCI aligns with comparable exposures. Where wash sale rules apply, substantially identical replacements can be restricted; this view is informational context only.
Moving against SPDR Etf
| 0.46 | STSX | SPDR MSCI Europe | PairCorr |
| 0.45 | CSBGE7 | iShares VII PLC | PairCorr |
| 0.44 | WCOS | SPDR MSCI World | PairCorr |
| 0.37 | XLPS | Invesco Consumer Staples | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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SPDR MSCI Competition 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.46 | 0.01 | 0.01 | 0.02 | 1.65 | 2.38 | 13.69 | |||
| MSFT | 1.32 | -0.26 | 0.00 | -0.88 | 0.00 | 2.19 | 13.28 | |||
| UBER | 1.53 | -0.25 | 0.00 | -0.61 | 0.00 | 2.70 | 11.09 | |||
| F | 1.35 | -0.07 | 0.00 | -0.06 | 0.00 | 3.61 | 10.01 | |||
| T | 1.10 | 0.14 | 0.10 | -0.48 | 1.16 | 3.87 | 7.44 | |||
| A | 1.27 | -0.36 | 0.00 | -0.36 | 0.00 | 2.48 | 7.20 | |||
| CRM | 1.82 | -0.23 | 0.00 | -0.28 | 0.00 | 4.03 | 12.37 | |||
| JPM | 1.25 | -0.08 | 0.00 | -0.05 | 0.00 | 2.34 | 8.17 | |||
| MRK | 1.21 | 0.24 | 0.15 | 0.48 | 1.33 | 2.54 | 7.29 | |||
| XOM | 1.32 | 0.42 | 0.28 | 3.39 | 1.10 | 2.90 | 6.83 |
Be your own money manager
Optimization tools can help investors judge whether capital allocated to SPDR MSCI World 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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