SPDR Portfolio Correlations

Etfs . USA . 
Etf . SPDR Portfolio Intermediate
SPTI Etf  USD 28.36  0.05  0.18%   
The current 90-days correlation between SPDR Portfolio Inter and SPDR Barclays Short is 0.8 (i.e., Very poor diversification). The correlation of SPDR Portfolio 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 Portfolio Correlation With Market

Good diversification

The correlation between SPDR Portfolio Intermediate and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Portfolio Intermediate 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 Portfolio Intermediate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with SPDR Etf

  0.96GOVT iShares Treasury Bond Sell-off TrendPairCorr
  0.99MBB iShares MBS ETF Sell-off TrendPairCorr
  1.0IEI iShares 3 7 Sell-off TrendPairCorr
  0.99SPMB SPDR Portfolio MortgagePairCorr
  0.97ITE SPDR Bloomberg Barclays Sell-off TrendPairCorr
  0.99JMBS Janus Henderson MortPairCorr
  1.0FLGV Franklin Liberty TreasuryPairCorr
  0.99MBSD FlexShares DisciplinedPairCorr
  0.96OWNS Quaker Investment TrustPairCorr
  0.93FXY Invesco CurrencySharesPairCorr
  0.99PMBS PIMCO Mortgage BackedPairCorr
  0.61AMPD Tidal Trust IIPairCorr
  0.78GDXU MicroSectors Gold MinersPairCorr
  0.9TRV The Travelers CompaniesPairCorr
  0.62CVX Chevron CorpPairCorr
  0.62XOM Exxon Mobil Corp Earnings Call This WeekPairCorr
  0.93VZ Verizon CommunicationsPairCorr
  0.65PG Procter GamblePairCorr
  0.7IBM International BusinessPairCorr
  0.92T ATT Inc Aggressive PushPairCorr

Moving against SPDR Etf

  0.91WGMI Valkyrie Bitcoin MinersPairCorr
  0.67AXP American ExpressPairCorr
  0.86MSFT MicrosoftPairCorr
  0.83AA Alcoa CorpPairCorr
  0.74HPQ HP IncPairCorr
  0.69CAT CaterpillarPairCorr
  0.61DIS Walt DisneyPairCorr
  0.61HD Home DepotPairCorr
  0.6BAC Bank of America Aggressive PushPairCorr
  0.42MRK Merck CompanyPairCorr
  0.39BA BoeingPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

SPDR Portfolio Constituents Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR Portfolio 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 Portfolio'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.

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