SPDR FactSet Correlations

XITK Etf

USD 153.12 0.62 0.41%

The current 90-days correlation between SPDR FactSet Innovative and Fidelity Disruptive Communications is 0.73 (i.e., Poor diversification).When its correlation with a broad index is high, most of the stock's return is explained by market movement.

SPDR FactSet Correlation With Market

Moderate diversification

Across the chosen horizon, SPDR FactSet and Dow Jones show a correlation of 0.22 and fall into the Moderate diversification bucket. Lower overlap tends to improve diversification, while higher overlap means both positions carry similar risk.

Build portfolio with SPDR Etf

Your Current Watchlist frames the approach to diversified portfolio design. This view summarizes available data without implying outcomes. Portfolio tools allow users to monitor SPDR FactSet Innovative alongside other positions. Portfolio views show how individual holdings contribute to aggregate returns. Broader economic conditions can influence SPDR FactSet Innovative's etf valuation — related indicators include signals in population.

Moving together with SPDR Etf

0.83	VGT	Vanguard Information	Pair Corr
0.84	XLK	Technology Select Sector	Pair Corr
0.88	IYW	iShares Technology ETF	Pair Corr
0.95	CIBR	First Trust NASDAQ	Pair Corr
0.83	FTEC	Fidelity MSCI Information	Pair Corr
0.98	IGV	iShares Expanded Tech	Pair Corr
0.97	FDN	First Trust Dow	Pair Corr
0.89	IGM	iShares Expanded Tech	Pair Corr
0.73	AVGG	Leverage Shares 2X	Pair Corr
0.85	MDBX	Tradr 2X Long Downward Rally	Pair Corr
0.82	HPQ	HP Inc Aggressive Push	Pair Corr
0.64	JPM	JPMorgan Chase	Pair Corr
0.82	IBM	International Business	Pair Corr

Moving against SPDR Etf

0.74	TRV	The Travelers Companies	Pair Corr
0.65	SOXX	iShares Semiconductor ETF	Pair Corr
0.56	SMH	VanEck Semiconductor ETF	Pair Corr
0.95	KO	Coca Cola	Pair Corr
0.95	JNJ	Johnson Johnson	Pair Corr
0.94	VZ	Verizon Communications Aggressive Push	Pair Corr
0.94	T	ATT Inc Sell-off Trend	Pair Corr
0.9	MRK	Merck Company Aggressive Push	Pair Corr
0.87	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.87	CVX	Chevron Corp	Pair Corr
0.79	PG	Procter Gamble	Pair Corr
0.79	MCD	McDonalds	Pair Corr
0.54	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.42	INTC	Intel Aggressive Push	Pair Corr

Related Correlations Analysis

	PSMR	XAIX	DTEC	FEUS	DVOL	FITE	EEMX	JULT	EMC	FDCF
PSMR		-0.44	-0.79	-0.66	0.08	0.08	0.61	-0.18	0.47	-0.71	PSMR
XAIX	-0.44		0.76	0.83	0.16	0.54	-0.13	0.67	0.0	0.88	XAIX
DTEC	-0.79	0.76		0.8	-0.04	0.36	-0.45	0.42	-0.31	0.94	DTEC
FEUS	-0.66	0.83	0.8		0.44	0.31	-0.15	0.81	0.01	0.89	FEUS
DVOL	0.08	0.16	-0.04	0.44		0.18	0.64	0.79	0.72	0.1	DVOL
FITE	0.08	0.54	0.36	0.31	0.18		0.26	0.44	0.29	0.39	FITE
EEMX	0.61	-0.13	-0.45	-0.15	0.64	0.26		0.4	0.98	-0.35	EEMX
JULT	-0.18	0.67	0.42	0.81	0.79	0.44	0.4		0.52	0.59	JULT
EMC	0.47	0.0	-0.31	0.01	0.72	0.29	0.98	0.52		-0.2	EMC
FDCF	-0.71	0.88	0.94	0.89	0.1	0.39	-0.35	0.59	-0.2		FDCF
	PSMR	XAIX	DTEC	FEUS	DVOL	FITE	EEMX	JULT	EMC	FDCF

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

EMC	+ 0.98	EEMX
FDCF	+ 0.94	DTEC
FDCF	+ 0.89	FEUS
FDCF	+ 0.88	XAIX
FEUS	+ 0.83	XAIX
JULT	+ 0.81	FEUS

High negative correlations

DTEC	- 0.79	PSMR
FDCF	- 0.71	PSMR
FEUS	- 0.66	PSMR
EEMX	- 0.45	DTEC
XAIX	- 0.44	PSMR
FDCF	- 0.35	EEMX

SPDR FactSet Constituents Risk-Adjusted Indicators

Evaluating SPDR Etf requires separating price momentum from underlying operating strength versus competitors. Risk-adjusted metrics help compare SPDR FactSet's efficiency and downside exposure against peers on a like-for-like basis. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PSMR	0.14	0.03	0.38	0.15	0.00	-0.17	0.34	-0.30	0.80
XAIX	1.03	0.03	0.00	-0.03	0.00	0.00	2.12	-2.43	5.62
DTEC	0.89	-0.18	0.00	0.41	0.00	0.00	1.39	-2.11	5.78
FEUS	0.61	-0.03	0.00	-0.09	0.00	0.00	1.06	-1.46	3.37
DVOL	0.65	0.03	0.00	-0.02	0.00	0.00	1.17	-1.27	4.11
FITE	1.39	0.18	0.10	0.09	1.50	-1.55	2.50	-2.27	7.11
EEMX	1.13	0.11	0.10	-0.45	1.64	-1.08	2.49	-2.81	7.72
JULT	0.34	0.01	0.00	-0.04	0.00	0.00	0.72	-0.87	2.22
EMC	1.16	0.07	0.09	-0.36	1.56	-1.16	2.91	-2.39	7.44
FDCF	0.95	-0.05	0.00	-0.11	0.00	0.00	1.67	-2.48	4.56

Macroaxis provides analytical tools and reference data for investors of all levels to evaluate holdings and assess risk across market volatility, economic shifts, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC