SPDR ICE Correlations

PSK Etf

USD 33.05 0.04 0.12%

The current 90-days correlation between SPDR ICE Preferred and VanEck Preferred Securities is 0.83 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SPDR ICE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR ICE Preferred moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SPDR ICE Correlation With Market

Weak diversification

The correlation between SPDR ICE Preferred and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR ICE Preferred and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in SPDR ICE Preferred. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with SPDR Etf

0.93	PFF	iShares Preferred Sell-off Trend	Pair Corr
0.73	FPE	First Trust Preferred	Pair Corr
0.98	PGX	Invesco Preferred ETF Sell-off Trend	Pair Corr
0.97	PFFD	Global X Preferred	Pair Corr
0.63	VRP	Invesco Variable Rate	Pair Corr
0.97	PGF	Invesco Financial	Pair Corr
0.7	PFXF	VanEck Preferred Sec	Pair Corr
0.91	PFFA	Virtus InfraCap Preferred	Pair Corr
0.77	DUKH	Ocean Park High	Pair Corr
0.68	SMI	VanEck Vectors ETF	Pair Corr

Related Correlations Analysis

	PFXF	PGX	PGF	SPFF	VRP
PFXF		0.58	0.58	0.93	0.13	PFXF
PGX	0.58		0.98	0.61	0.67	PGX
PGF	0.58	0.98		0.57	0.73	PGF
SPFF	0.93	0.61	0.57		0.04	SPFF
VRP	0.13	0.67	0.73	0.04		VRP
	PFXF	PGX	PGF	SPFF	VRP

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SPDR ICE Constituents Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR ICE 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 ICE'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
PFXF	0.45	0.00	0.00	(0.06)	0.00	0.00	0.76	(0.92)	2.27
PGX	0.49	0.01	0.00	(0.04)	0.00	0.00	0.87	(0.78)	3.26
PGF	0.50	0.02	0.11	(0.01)	0.55	(0.64)	1.09	(0.89)	3.46
SPFF	0.46	(0.03)	0.00	(0.16)	0.00	0.00	1.11	(1.18)	3.38
VRP	0.20	0.02	0.24	0.08	0.26	(0.20)	0.37	(0.45)	1.62

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SPDR ICE Correlations

SPDR ICE Correlation With Market

Weak diversification

Moving together with SPDR Etf

Related Correlations Analysis

SPDR ICE Constituents Risk-Adjusted Indicators

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