SPDR MSCI Correlations

WCOS Etf

USD 54.49 0.49 0.89%

The current 90-days correlation between SPDR MSCI World and SPDR MSCI Europe is -0.1 (i.e., Good diversification). The correlation of SPDR MSCI 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 MSCI Correlation With Market

Very weak diversification

The correlation between SPDR MSCI World and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR MSCI World and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to SPDR MSCI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SPDR MSCI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SPDR MSCI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SPDR MSCI World to buy it.

Moving together with SPDR Etf

0.87	STSX	SPDR MSCI Europe	Pair Corr
0.99	XLPS	Invesco Consumer Staples	Pair Corr
0.89	IJPE	iShares MSCI Japan	Pair Corr
0.88	HIEM	HSBC MSCI Emerging	Pair Corr
0.94	IUES	iShares SP 500	Pair Corr
0.74	C50	Amundi Index Solutions	Pair Corr
0.69	GDXJ	VanEck Junior Gold	Pair Corr
0.87	IEMS	iShares MSCI EM	Pair Corr
0.7	LYMEU	Lyxor MSCI Europe	Pair Corr
0.73	ESGO	AuAg Gold Mining	Pair Corr
0.68	IUKP	iShares UK Property	Pair Corr
0.89	MLPD	Invesco Morningstar	Pair Corr
0.81	IAT1	Invesco AT1 Capital	Pair Corr
0.9	SBEMA	UBSFund Solutions	Pair Corr
0.78	IWQU	iShares Edge MSCI	Pair Corr
0.74	BCCMA	UBS Fund Solutions	Pair Corr
0.91	JPHG	Amundi Index Solutions	Pair Corr
0.65	CSBGU0	iShares VII PLC	Pair Corr
0.81	SX5D	Invesco EURO STOXX	Pair Corr
0.74	HIWO	HSBC MSCI World	Pair Corr
0.68	STWX	SPDR MSCI Europe	Pair Corr
0.92	EMHD	Invesco FTSE Emerging	Pair Corr
0.87	GLDV	SPDR SP Global	Pair Corr
0.95	IH2O	iShares Global Water	Pair Corr
0.91	AUHEUA	UBS ETF plc	Pair Corr
0.65	CNYA	iShares MSCI China	Pair Corr
0.77	IEGC	iShares Core Govt	Pair Corr
0.9	FLXK	Franklin FTSE Korea	Pair Corr
0.68	STQX	SPDR MSCI Europe	Pair Corr
0.86	GCVC	SPDR Refinitiv Global	Pair Corr

Moving against SPDR Etf

0.84	STRX	SPDR MSCI Europe	Pair Corr
0.75	WCOD	SPDR MSCI World	Pair Corr
0.51	XLYS	Invesco Consumer Dis	Pair Corr
0.31	SPME	iShares Edge SP	Pair Corr

Related Correlations Analysis

	EVAL	SXLU	STPX	EMAS	GLAC	SXLF	TBIL	STNX	SMCX
EVAL		0.49	0.96	0.9	0.33	-0.36	0.88	0.63	0.86	EVAL
SXLU	0.49		0.54	0.58	0.79	-0.85	0.68	0.88	0.24	SXLU
STPX	0.96	0.54		0.95	0.37	-0.44	0.89	0.66	0.88	STPX
EMAS	0.9	0.58	0.95		0.43	-0.48	0.86	0.67	0.88	EMAS
GLAC	0.33	0.79	0.37	0.43		-0.55	0.33	0.54	0.12	GLAC
SXLF	-0.36	-0.85	-0.44	-0.48	-0.55		-0.58	-0.84	-0.18	SXLF
TBIL	0.88	0.68	0.89	0.86	0.33	-0.58		0.82	0.75	TBIL
STNX	0.63	0.88	0.66	0.67	0.54	-0.84	0.82		0.39	STNX
SMCX	0.86	0.24	0.88	0.88	0.12	-0.18	0.75	0.39		SMCX
	EVAL	SXLU	STPX	EMAS	GLAC	SXLF	TBIL	STNX	SMCX

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

STPX	+ 0.96	EVAL
EMAS	+ 0.95	STPX
EMAS	+ 0.9	EVAL
TBIL	+ 0.89	STPX
TBIL	+ 0.88	EVAL
STNX	+ 0.88	SXLU

High negative correlations

SXLF	- 0.85	SXLU
STNX	- 0.84	SXLF
TBIL	- 0.58	SXLF
SXLF	- 0.55	GLAC
SXLF	- 0.48	EMAS
SXLF	- 0.44	STPX

SPDR MSCI Constituents 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
EVAL	0.52	0.06	0.06	0.32	0.84	(0.54)	1.39	(1.52)	4.17
SXLU	0.76	0.05	0.06	(0.56)	0.85	(0.87)	1.42	(1.58)	5.71
STPX	0.86	0.08	0.04	0.72	1.42	(0.85)	1.67	(2.08)	7.40
EMAS	0.77	0.08	0.06	1.13	0.98	(0.77)	1.74	(1.45)	7.62
GLAC	0.13	(0.02)	0.00	1.19	0.00	0.00	0.25	(0.25)	0.62
SXLF	0.75	(0.08)	0.00	(0.42)	0.00	0.00	1.48	(1.76)	5.77
TBIL	0.03	0.00	0.07	0.54	0.00	(0.04)	0.08	(0.07)	0.32
STNX	1.03	0.24	0.20	(0.55)	0.94	(1.21)	2.64	(1.91)	6.10
SMCX	0.54	0.05	0.05	0.23	0.90	(0.57)	1.27	(1.01)	5.44

Be your own money manager

Our tools can tell you how much better you can do entering a position in SPDR MSCI without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Insider Screener Now

Insider Screener

Find insiders across different sectors to evaluate their impact on performance

All Next

Launch Module

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