SPDR FTSE Correlations
| WIP Etf | USD 37.62 0.06 0.16% |
The current 90-days correlation between SPDR FTSE International and FT Vest Equity is 0.01 (i.e., Significant diversification). The correlation of SPDR FTSE 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 FTSE Correlation With Market
Good diversification
The correlation between SPDR FTSE International and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR FTSE International and DJI in the same portfolio, assuming nothing else is changed.
SPDR |
Moving together with SPDR Etf
| 0.9 | IGOV | iShares International | PairCorr |
| 0.91 | BWX | SPDR Bloomberg Inter | PairCorr |
| 0.91 | JPIB | JPMorgan International | PairCorr |
| 0.93 | BWZ | SPDR Bloomberg Short | PairCorr |
| 0.95 | PICB | Invesco International | PairCorr |
| 0.91 | GRNB | VanEck Green Bond | PairCorr |
| 0.87 | SPSK | SP Funds Dow | PairCorr |
| 0.92 | ISHG | iShares 1 3 | PairCorr |
| 0.92 | SHLD | Global X Funds | PairCorr |
| 0.66 | TAIL | Cambria Tail Risk | PairCorr |
| 0.93 | GHMS | Goose Hollow Multi | PairCorr |
| 0.65 | MLPB | UBS AG London | PairCorr |
| 0.85 | LIAE | Stone Ridge 2050 | PairCorr |
| 0.94 | ACWV | iShares MSCI Global | PairCorr |
| 0.9 | JMST | JPMorgan Ultra Short | PairCorr |
| 0.88 | EEMX | SPDR MSCI Emerging | PairCorr |
| 0.86 | GDXU | MicroSectors Gold Miners | PairCorr |
| 0.86 | BBEM | JP Morgan Exchange | PairCorr |
| 0.92 | SPIB | SPDR Barclays Interm Sell-off Trend | PairCorr |
Moving against SPDR Etf
Related Correlations Analysis
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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
| High negative correlations
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SPDR FTSE Constituents Risk-Adjusted Indicators
There is a big difference between SPDR Etf performing well and SPDR FTSE 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 FTSE'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WIP | 0.54 | 0.03 | 0.10 | (5.57) | 0.61 | 1.20 | 2.73 | |||
| DHDG | 0.44 | (0.03) | 0.00 | (0.10) | 0.00 | 0.87 | 2.86 | |||
| Z | 1.91 | (0.08) | 0.00 | (0.09) | 0.00 | 3.33 | 14.24 | |||
| MBCC | 0.78 | (0.02) | 0.00 | (0.06) | 0.00 | 1.56 | 4.26 | |||
| MBBB | 0.25 | 0.00 | 0.12 | 0.02 | 0.28 | 0.52 | 1.48 | |||
| BZDYF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DHSB | 0.38 | (0.05) | 0.00 | (0.25) | 0.00 | 0.82 | 1.68 | |||
| MBOX | 0.70 | 0.00 | 0.00 | (0.03) | 0.00 | 1.27 | 3.06 |