SPDR Dow Correlations

RWX Etf

USD 24.64 0.01 0.04%

The current 90-days correlation between SPDR Dow Jones and SPDR Dow Jones is 0.68 (i.e., Poor diversification). The correlation of SPDR Dow 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 Dow Correlation With Market

Very weak diversification

The correlation between SPDR Dow Jones and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Dow Jones 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 Dow Jones. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with SPDR Etf

0.79	REET	iShares Global REIT	Pair Corr
0.84	RWO	SPDR Dow Jones	Pair Corr
0.95	HAUZ	Xtrackers International	Pair Corr
0.77	GQRE	FlexShares Global Quality	Pair Corr
0.86	AVRE	Avantis Real Estate	Pair Corr
0.95	IFGL	iShares International	Pair Corr
0.67	WTRE	WisdomTree New Economy	Pair Corr
0.66	AMZA	InfraCap MLP ETF	Pair Corr
0.72	MNA	IQ Merger Arbitrage	Pair Corr
0.86	USTB	VictoryShares USAA Core	Pair Corr
0.92	FIVA	Fidelity International	Pair Corr
0.87	JCPB	JPMorgan Core Plus	Pair Corr
0.72	PUI	Invesco DWA Utilities	Pair Corr
0.93	INTL	Main International ETF Low Volatility	Pair Corr
0.8	BSCP	Invesco BulletShares 2025	Pair Corr
0.92	DDWM	WisdomTree Dynamic	Pair Corr
0.69	BME	BlackRock Health Sciences	Pair Corr
0.62	LBAY	Tidal ETF Trust	Pair Corr
0.86	EFNL	iShares MSCI Finland	Pair Corr
0.88	AIVI	WisdomTree International	Pair Corr
0.89	IXJ	iShares Global Healthcare	Pair Corr
0.88	HCRB	Hartford Core Bond	Pair Corr
0.86	IUSB	iShares Core Total	Pair Corr
0.87	NTSE	WisdomTree Emerging	Pair Corr
0.92	VGK	Vanguard FTSE Europe Sell-off Trend	Pair Corr
0.67	UNL	United States 12	Pair Corr
0.91	DEM	WisdomTree Emerging	Pair Corr
0.81	SCHO	Schwab Short Term	Pair Corr

Moving against SPDR Etf

0.62	USD	ProShares Ultra Semi	Pair Corr
0.48	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.33	FNGO	MicroSectors FANG Index	Pair Corr
0.31	PXE	Invesco Dynamic Energy	Pair Corr

Related Correlations Analysis

	RWR	RWO	GWX	ICF	IFGL
RWR		0.97	0.65	0.98	0.72	RWR
RWO	0.97		0.81	0.97	0.85	RWO
GWX	0.65	0.81		0.71	0.92	GWX
ICF	0.98	0.97	0.71		0.75	ICF
IFGL	0.72	0.85	0.92	0.75		IFGL
	RWR	RWO	GWX	ICF	IFGL

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SPDR Dow Constituents Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR Dow 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 Dow'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
RWR	0.89	0.01	0.00	(0.09)	0.00	0.00	1.64	(2.11)	4.68
RWO	0.79	0.03	0.00	(0.05)	0.00	0.00	1.45	(1.70)	4.37
GWX	0.67	0.10	0.16	0.09	0.84	(0.71)	1.45	(1.16)	4.46
ICF	0.90	0.02	0.00	(0.07)	0.00	0.00	1.74	(1.84)	4.83
IFGL	0.71	0.05	0.12	0.02	0.82	(0.82)	1.52	(1.35)	3.77

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