SPDR MSCI Correlations

WMAT Etf

USD 74.15 -0.38 -0.51%

Low or negative correlation with other holdings can meaningfully reduce portfolio drawdowns during market stress. The current 90-days correlation between SPDR MSCI World and SPDR MSCI Europe is 0.56 (i.e., Weak diversification).

Market Correlation Summary - SPDR MSCI

Weak diversification

SPDR MSCI currently posts a 0.5 correlation with Dow Jones, indicating a Weak diversification relationship for the active sample. This chart helps evaluate whether adding Dow Jones genuinely reduces risk relative to holding SPDR MSCI alone.

The correlation view for SPDR MSCI describes alignment with comparable instruments. This information is presented as general reference data.

Moving together with SPDR Etf

0.97	LYBRE	Multi Units Luxembourg	Pair Corr
0.87	STPX	SPDR MSCI Europe	Pair Corr
0.83	AUCO	LG Gold Mining	Pair Corr
0.8	GGMUSY	UBS ETF plc	Pair Corr
0.78	GDXJ	VanEck Junior Gold	Pair Corr

Moving against SPDR Etf

0.62	ASOL	21Shares Solana staking	Pair Corr
0.51	DAPP	VanEck Crypto Blockchain	Pair Corr
0.42	AXRP	21Shares Ripple XRP	Pair Corr
0.39	ABCH	21Shares Bitcoin Cash	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.21	0.08	0.41	0.0	0.27	0.12	0.21	0.11	-0.21	META
MSFT	0.21		0.86	0.27	-0.75	0.84	0.96	0.59	-0.56	-0.95	MSFT
UBER	0.08	0.86		0.21	-0.8	0.8	0.85	0.48	-0.59	-0.84	UBER
F	0.41	0.27	0.21		-0.12	0.64	0.16	0.45	0.24	-0.39	F
T	0.0	-0.75	-0.8	-0.12		-0.66	-0.75	-0.55	0.86	0.7	T
A	0.27	0.84	0.8	0.64	-0.66		0.78	0.71	-0.35	-0.89	A
CRM	0.12	0.96	0.85	0.16	-0.75	0.78		0.63	-0.65	-0.95	CRM
JPM	0.21	0.59	0.48	0.45	-0.55	0.71	0.63		-0.44	-0.67	JPM
MRK	0.11	-0.56	-0.59	0.24	0.86	-0.35	-0.65	-0.44		0.5	MRK
XOM	-0.21	-0.95	-0.84	-0.39	0.7	-0.89	-0.95	-0.67	0.5		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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	+ 0.96	MSFT
UBER	+ 0.86	MSFT
MRK	+ 0.86	T
CRM	+ 0.85	UBER
A	+ 0.84	MSFT
A	+ 0.8	UBER

High negative correlations

XOM	- 0.95	CRM
XOM	- 0.95	MSFT
XOM	- 0.89	A
XOM	- 0.84	UBER
T	- 0.8	UBER
CRM	- 0.75	T

SPDR MSCI Competition Risk-Adjusted Indicators

Surface-level performance for SPDR Etf can mask how the business actually stacks up against its competitive set. A thorough review of SPDR MSCI'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	1.50	-0.10	0.00	-0.25	0.00	0.00	2.33	-2.82	14.24
MSFT	1.31	-0.33	0.00	-0.90	0.00	0.00	2.19	-2.87	13.28
UBER	1.50	-0.13	0.00	-1.19	0.00	0.00	3.18	-3.39	11.09
F	1.36	-0.25	0.00	0.95	0.00	0.00	3.61	-3.07	10.01
T	1.12	0.23	0.24	-1.20	1.13	-1.24	3.87	-1.92	8.53
A	1.23	-0.36	0.00	2.97	0.00	0.00	2.48	-3.01	7.20
CRM	1.83	-0.47	0.00	6.83	0.00	0.00	3.41	-4.75	9.78
JPM	1.11	-0.03	0.00	-0.12	0.00	0.00	2.02	-2.63	8.17
MRK	1.13	0.26	0.22	0.43	1.20	-1.27	2.54	-1.98	7.29
XOM	1.29	0.49	0.39	-4.21	1.07	-1.52	2.90	-2.12	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. The practical goal is to remove redundancy, improve diversification, and keep risk aligned with the intended return target.

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