SPDR SSGA Correlations

Etfs . USA . 
Etf . SPDR SSGA Small
SMLV Etf  USD 127.63  1.07  0.85%   
The current 90-days correlation between SPDR SSGA Small and Vanguard Small Cap Value is 0.95 (i.e., Almost no diversification). The correlation of SPDR SSGA 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 SSGA Correlation With Market

Very poor diversification

The correlation between SPDR SSGA Small and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR SSGA Small and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with SPDR Etf
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SPDR SSGA Small. 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

  0.99VBR Vanguard Small CapPairCorr
  0.98IWN iShares Russell 2000PairCorr
  0.99IJJ iShares SP MidPairCorr
  0.99DFAT Dimensional TargetedPairCorr
  0.99IJS iShares SP SmallPairCorr
  0.99SLYV SPDR SP 600PairCorr
  0.99AVUV Avantis Small CapPairCorr
  0.99DES WisdomTree SmallCapPairCorr
  0.99MDYV SPDR SP 400PairCorr
  0.94CALF Pacer Small Cap Low VolatilityPairCorr
  0.93UPRO ProShares UltraPro SP500 Sell-off TrendPairCorr
  0.94QTJA Innovator ETFs TrustPairCorr
  0.94QTOC Innovator ETFs TrustPairCorr
  0.95XTOC Innovator ETFs TrustPairCorr
  0.94QTAP Innovator Growth 100PairCorr
  0.95XTJA Innovator ETFs TrustPairCorr
  0.95XTAP Innovator Equity AccPairCorr
  0.7HIDE Alpha Architect HighPairCorr
  0.83KGRN KraneShares MSCI ChinaPairCorr
  0.81VBF Invesco Van KampenPairCorr
  0.81KWEB KraneShares CSI ChinaPairCorr
  0.87NFLX NetflixPairCorr
  0.94CGGO Capital Group GlobalPairCorr
  0.95BUFD FT Cboe VestPairCorr
  0.82SPIB SPDR Barclays IntermPairCorr
  0.92PFUT Putnam Sustainable FuturePairCorr
  0.82VABS Virtus Newfleet ABSMBSPairCorr
  0.64EUSB iShares TrustPairCorr
  0.95SRLN SPDR Blackstone SeniorPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

SPDR SSGA Constituents Risk-Adjusted Indicators

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

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
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY