SPDR Barclays Correlations

SPLB Etf

USD 22.48 0.17 0.75%

The current 90-days correlation between SPDR Barclays Long and iShares 10 Year is 1.0 (i.e., No risk reduction). The correlation of SPDR Barclays 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.

SPDR Barclays Correlation With Market

Modest diversification

The correlation between SPDR Barclays Long and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Barclays Long and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SPDR Barclays Long. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with SPDR Etf

0.99	BLV	Vanguard Long Term	Pair Corr
1.0	IGLB	iShares 10 Year	Pair Corr
0.87	FFIU	Fieldstone UVA Uncon	Pair Corr
1.0	LKOR	FlexShares Credit	Pair Corr
0.84	FXY	Invesco CurrencyShares	Pair Corr
0.9	PMBS	PIMCO Mortgage Backed	Pair Corr
0.77	KO	Coca Cola	Pair Corr
0.83	T	ATT Inc Earnings Call Today	Pair Corr
0.81	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.75	MCD	McDonalds	Pair Corr
0.82	PG	Procter Gamble	Pair Corr

Moving against SPDR Etf

0.59	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.58	AA	Alcoa Corp	Pair Corr
0.52	CAT	Caterpillar	Pair Corr
0.38	AXP	American Express	Pair Corr
0.36	BAC	Bank of America Aggressive Push	Pair Corr

Related Correlations Analysis

	IGLB	SPIB	SPSB	LKOR	SPTL
IGLB		0.92	0.78	1.0	0.97	IGLB
SPIB	0.92		0.96	0.9	0.95	SPIB
SPSB	0.78	0.96		0.75	0.84	SPSB
LKOR	1.0	0.9	0.75		0.96	LKOR
SPTL	0.97	0.95	0.84	0.96		SPTL
	IGLB	SPIB	SPSB	LKOR	SPTL

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

SPDR Barclays Constituents Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR Barclays 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 Barclays' 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
IGLB	0.48	0.01	0.11	0.01	0.58	(0.48)	1.07	(0.81)	2.46
SPIB	0.16	0.02	0.40	0.30	0.09	(0.21)	0.34	(0.24)	0.92
SPSB	0.06	0.01	0.71	0.67	0.00	(0.08)	0.17	(0.17)	0.40
LKOR	0.48	0.01	0.10	(0.02)	0.60	(0.47)	1.00	(0.84)	2.56
SPTL	0.58	0.03	0.13	0.36	0.64	(0.61)	1.45	(1.09)	3.02

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC