SPDR Barclays Correlations

Etfs . USA . 
Etf . SPDR Barclays Long
SPLB Etf  USD 22.25  0.15  0.68%   
The current 90-days correlation between SPDR Barclays Long and iShares 10 Year is 0.07 (i.e., Significant diversification). The correlation of SPDR Barclays 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 Barclays Correlation With Market

Very weak diversification

The correlation between SPDR Barclays Long and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Barclays Long 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 Barclays Long. 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

  0.89BLV Vanguard Long TermPairCorr
  0.91IGLB iShares 10 YearPairCorr
  0.93FFIU Fieldstone UVA UnconPairCorr
  0.91LKOR FlexShares CreditPairCorr
  0.69DFEN Direxion Daily AerospacePairCorr
  0.69VYMI Vanguard InternationalPairCorr
  0.79FXED Tidal ETF TrustPairCorr
  0.71SPY SPDR SP 500PairCorr
  0.69DECW AIM ETF ProductsPairCorr
  0.69VFVA Vanguard Value FactorPairCorr
  0.71NFLX NetflixPairCorr
  0.71SAUG First Trust ExchangePairCorr
  0.91SPIB SPDR Barclays IntermPairCorr
  0.92HIDE Alpha Architect HighPairCorr
  0.63CERY SPDR Series TrustPairCorr
  0.96FCOR Fidelity Corporate BondPairCorr
  0.67DFAS Dimensional Small CapPairCorr
  0.74VSS Vanguard FTSE AllPairCorr
  0.97EUSB iShares TrustPairCorr
  0.71DFEV Dimensional ETF TrustPairCorr
  0.73CPSD Calamos ETF TrustPairCorr
  0.68DCPE DoubleLine Shiller CAPEPairCorr
  0.67SITC Site Centers Corp Earnings Call This WeekPairCorr
  0.69SUPP TCW Transform SupplyPairCorr
  0.67VWO Vanguard FTSE EmergingPairCorr
  0.74SOXX iShares Semiconductor ETFPairCorr
  0.84VABS Virtus Newfleet ABSMBSPairCorr
  0.68PALL abrdn Physical PalladiumPairCorr
  0.7CGGO Capital Group GlobalPairCorr
  0.76VBF Invesco Van KampenPairCorr
  0.67QTOC Innovator ETFs TrustPairCorr
  0.66EFAA Invesco Actively ManagedPairCorr

Moving against SPDR Etf

  0.65WTID UBS ETRACSPairCorr

Related Correlations Analysis

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SPDR Barclays Constituents Risk-Adjusted Indicators

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