SPDR SP Ownership
| XOP Etf | USD 130.90 0.74 0.56% |
SPDR |
SPDR Etf Ownership Analysis
SPDR SP is is formed as Regulated Investment Company in the United States. ETF is managed and operated by SSgA Funds Management, Inc.. The fund has 71 constituents with avarage daily trading value of 3 M. The fund charges 0.35 percent management fee with a total expences of 0.35 percent of total asset. The fund generated five year return of 17.0%. SPDR SP Oil keeps 99.74% of net assets in stocks. This fund last dividend was 0.311 per share. In seeking to track the performance of the SP Oil Gas Exploration Production Select Industry Index, the fund employs a sampling strategy. SP Oil is traded on NYSEARCA Exchange in the United States. For more information please call the company at NA or visit http://us.spdrs.com/en/etf/spdr-sp-oil-gas-exploration-production-etf-XOP?fundSeoName=spdr-sp-oil-gas-exploration-production-etf-XOP.Sector Exposure (%)
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on SPDR Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding SPDR SP , and the less return is expected.
Investment Allocations (%)
Top Etf Constituents
| MTDR | Matador Resources | Stock | |
| CVX | Chevron Corp | Stock | |
| OXY | Occidental Petroleum | Stock | |
| FANG | Diamondback Energy | Stock | |
| PBF | PBF Energy | Stock | |
| CNX | CNX Resources Corp | Stock | |
| MUR | Murphy Oil | Stock | |
| CRC | California Resources Corp | Stock | |
| DK | Delek Energy | Stock |
Institutional Etf Holders for SPDR SP
| MWFCX | Mainstay Equity Etf | Mutual Fund | |
| MWFQX | Mainstay Equity Etf | Mutual Fund | |
| MWFVX | Mainstay Equity Etf | Mutual Fund | |
| NAVAX | Navigator Equity Hedged | Mutual Fund | |
| NAVIX | Navigator Equity Hedged | Mutual Fund | |
| MWFAX | Mainstay Equity Etf | Mutual Fund | |
| PRAFX | T Rowe Price | Mutual Fund | |
| MMRFX | Massmutual Select T | Mutual Fund | |
| PRIKX | T Rowe Price | Mutual Fund | |
| TRZRX | T Rowe Price | Mutual Fund | |
| GUSH | Direxion Daily SP | Etf | |
| HRLYX | The Hartford Global | Mutual Fund | |
| HRLCX | The Hartford Global | Mutual Fund | |
| HRLAX | The Hartford Global | Mutual Fund | |
| HRLSX | The Hartford Global | Mutual Fund | |
| HRLFX | The Hartford Global | Mutual Fund | |
| HRLTX | The Hartford Global | Mutual Fund | |
| HRLRX | The Hartford Global | Mutual Fund | |
| HRLIX | The Hartford Global | Mutual Fund | |
| CAPTX | Canterbury Portfolio Thermostat | Mutual Fund |
SPDR SP Outstanding Bonds
SPDR SP issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. SPDR SP Oil uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most SPDR bonds can be classified according to their maturity, which is the date when SPDR SP Oil has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| US7846ELAD98 Corp BondUS7846ELAD98 | View | |
| SSC Technologies 55 Corp BondUS78466CAC01 | View | |
| US7846ELAE71 Corp BondUS7846ELAE71 | View | |
| MPLX LP 4125 Corp BondUS55336VAK61 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View |
Pair Trading with SPDR SP
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SPDR SP position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SPDR SP will appreciate offsetting losses from the drop in the long position's value.Moving together with SPDR Etf
| 0.85 | XLE | Energy Select Sector | PairCorr |
| 0.88 | VDE | Vanguard Energy Index | PairCorr |
| 0.96 | OIH | VanEck Oil Services | PairCorr |
| 0.87 | IYE | iShares Energy ETF | PairCorr |
Moving against SPDR Etf
The ability to find closely correlated positions to SPDR SP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SPDR SP when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SPDR SP - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SPDR SP Oil to buy it.
The correlation of SPDR SP 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SPDR SP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR SP Oil moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for SPDR SP can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in SPDR SP Oil. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
The market value of SPDR SP Oil is measured differently than its book value, which is the value of SPDR that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR SP's value that differs from its market value or its book value, called intrinsic value, which is SPDR SP's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SPDR SP's market value can be influenced by many factors that don't directly affect SPDR SP's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SPDR SP's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR SP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR SP's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.