SPDR MSCI Correlations

QEMM Etf

USD 58.21 0.02 0.03%

The current 90-days correlation between SPDR MSCI Emerging and SPDR MSCI EAFE is 0.66 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SPDR MSCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR MSCI Emerging moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SPDR MSCI Correlation With Market

Weak diversification

The correlation between SPDR MSCI Emerging and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR MSCI Emerging 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 MSCI Emerging. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with SPDR Etf

0.94	VWO	Vanguard FTSE Emerging Sell-off Trend	Pair Corr
0.91	IEMG	iShares Core MSCI	Pair Corr
0.76	EMC	Global X Funds	Pair Corr
0.88	EEM	iShares MSCI Emerging	Pair Corr
0.95	SPEM	SPDR Portfolio Emerging	Pair Corr
0.86	FNDE	Schwab Fundamental	Pair Corr
0.82	ESGE	iShares ESG Aware	Pair Corr
0.82	DGS	WisdomTree Emerging	Pair Corr
0.96	XSOE	WisdomTree Emerging	Pair Corr
0.85	EMXC	iShares MSCI Emerging	Pair Corr
0.63	ARP	Advisors Inner Circle	Pair Corr

Moving against SPDR Etf

0.36	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.35	MRK	Merck Company Aggressive Push	Pair Corr

Related Correlations Analysis

	QEFA	QWLD	QUS	EEMX	PXH
QEFA		0.95	0.86	0.9	0.85	QEFA
QWLD	0.95		0.97	0.85	0.77	QWLD
QUS	0.86	0.97		0.76	0.64	QUS
EEMX	0.9	0.85	0.76		0.91	EEMX
PXH	0.85	0.77	0.64	0.91		PXH
	QEFA	QWLD	QUS	EEMX	PXH

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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
QEFA	0.54	0.09	0.12	0.26	0.58	(0.58)	1.19	(0.98)	3.63
QWLD	0.40	0.05	0.06	0.10	0.62	(0.39)	0.90	(0.82)	3.00
QUS	0.42	0.02	0.03	0.05	0.60	(0.45)	0.88	(0.91)	3.33
EEMX	0.60	0.05	0.05	0.15	0.81	(0.62)	1.38	(1.64)	4.07
PXH	0.69	0.09	0.09	(3.12)	0.77	(0.77)	1.49	(1.89)	6.01

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