SPDR Portfolio Correlations

SPTM Etf

USD 68.27 0.71 1.03%

The current 90-days correlation between SPDR Portfolio SP and SPDR Portfolio Emerging is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SPDR Portfolio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR Portfolio SP moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SPDR Portfolio Correlation With Market

Significant diversification

The correlation between SPDR Portfolio SP and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Portfolio SP 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 SP. 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

0.92	VTI	Vanguard Total Stock	Pair Corr
0.91	SPY	SPDR SP 500	Pair Corr
0.91	IVV	iShares Core SP	Pair Corr
0.7	VIG	Vanguard Dividend	Pair Corr
0.91	VV	Vanguard Large Cap	Pair Corr
0.8	RSP	Invesco SP 500	Pair Corr
0.92	IWB	iShares Russell 1000	Pair Corr
0.92	ESGU	iShares ESG Aware	Pair Corr
0.93	DFAC	Dimensional Core Equity	Pair Corr
1.0	SPLG	SPDR Portfolio SP	Pair Corr
0.76	WGMI	Valkyrie Bitcoin Miners	Pair Corr

Moving against SPDR Etf

0.9	PSQ	ProShares Short QQQ	Pair Corr
0.54	AMPD	Tidal Trust II	Pair Corr
0.53	AVSF	American Century ETF	Pair Corr
0.52	MNA	IQ Merger Arbitrage	Pair Corr
0.51	FXY	Invesco CurrencyShares	Pair Corr
0.51	PMBS	PIMCO Mortgage Backed	Pair Corr
0.49	BOIL	ProShares Ultra Bloomberg	Pair Corr
0.45	AIVI	WisdomTree International	Pair Corr
0.45	USTB	VictoryShares USAA Core	Pair Corr
0.44	JCPB	JPMorgan Core Plus	Pair Corr
0.43	SPEU	SPDR Portfolio Europe	Pair Corr
0.36	VGK	Vanguard FTSE Europe	Pair Corr
0.32	NTSE	WisdomTree Emerging	Pair Corr
0.31	GHTA	Collaborative Investment	Pair Corr
0.91	TWM	ProShares UltraShort	Pair Corr
0.7	DWSH	AdvisorShares Dorsey	Pair Corr
0.67	LBAY	Tidal ETF Trust	Pair Corr
0.6	SCHO	Schwab Short Term	Pair Corr
0.58	EFNL	iShares MSCI Finland	Pair Corr
0.56	UNL	United States 12	Pair Corr
0.52	BKAG	BNY Mellon Core	Pair Corr
0.51	APCB	Trust For Professional	Pair Corr

Related Correlations Analysis

	SPEM	SPDW	SPSM	SPMD	SPLG
SPEM		0.85	-0.36	-0.39	-0.14	SPEM
SPDW	0.85		-0.5	-0.47	-0.29	SPDW
SPSM	-0.36	-0.5		0.93	0.89	SPSM
SPMD	-0.39	-0.47	0.93		0.92	SPMD
SPLG	-0.14	-0.29	0.89	0.92		SPLG
	SPEM	SPDW	SPSM	SPMD	SPLG

Click cells to compare fundamentals

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SPMD	+ 0.93	SPSM
SPLG	+ 0.92	SPMD
SPLG	+ 0.89	SPSM
SPDW	+ 0.85	SPEM

High negative correlations

SPSM	- 0.5	SPDW
SPMD	- 0.47	SPDW
SPMD	- 0.39	SPEM
SPSM	- 0.36	SPEM
SPLG	- 0.29	SPDW
SPLG	- 0.14	SPEM

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SPEM	0.72	0.12	0.18	0.18	0.83	(0.72)	1.69	(1.75)	5.06
SPDW	0.67	0.23	0.32	0.28	0.60	(0.76)	1.89	(1.17)	4.59
SPSM	0.85	(0.06)	0.00	(0.16)	0.00	0.00	1.49	(2.38)	4.32
SPMD	0.82	(0.08)	0.00	1.30	0.00	0.00	1.30	(1.59)	4.02
SPLG	0.79	(0.07)	0.00	(0.98)	0.00	0.00	1.25	(1.69)	4.47

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