SPDR Portfolio Correlations

Summary

SPLGDelisted Etf

USD 80.00 0.45 0.56%

The current 90-days correlation between SPDR Portfolio SP and Technology Select Sector is -0.14 (i.e., Good diversification). The correlation of SPDR Portfolio 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 Portfolio Correlation With Market

Significant diversification

The correlation between SPDR Portfolio SP and DJI is 0.01 (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. 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

0.64	VTI	Vanguard Total Stock	Pair Corr
0.68	SPY	SPDR SP 500	Pair Corr
0.68	IVV	iShares Core SP	Pair Corr
0.68	VIG	Vanguard Dividend	Pair Corr
0.68	VV	Vanguard Large Cap	Pair Corr
0.64	IWB	iShares Russell 1000	Pair Corr
0.68	ESGU	iShares ESG Aware	Pair Corr
0.8	QTJA	Innovator ETFs Trust	Pair Corr
0.73	QTAP	Innovator Growth 100	Pair Corr
0.82	XTJA	Innovator ETFs Trust	Pair Corr
0.75	XTAP	Innovator Equity Acc	Pair Corr
0.71	IXN	iShares Global Tech	Pair Corr
0.7	IYW	iShares Technology ETF	Pair Corr
0.61	XTWY	Bondbloxx ETF Trust	Pair Corr
0.66	EEMV	iShares MSCI Emerging	Pair Corr
0.78	EMOP	AB Active ETFs,	Pair Corr
0.7	QQQ	Invesco QQQ Trust	Pair Corr
0.73	HLAL	Wahed FTSE USA	Pair Corr
0.79	PULT	Putnam ETF Trust	Pair Corr
0.71	ISRCF	iShares V Public	Pair Corr
0.76	VPU	Vanguard Utilities Index	Pair Corr
0.64	FELG	Fidelity Covington Trust	Pair Corr
0.71	PPI	Investment Managers	Pair Corr
0.88	SHAG	WisdomTree Yield Enhanced	Pair Corr
0.66	VEMY	Virtus ETF Trust	Pair Corr
0.66	BKLN	Invesco Senior Loan	Pair Corr
0.68	TSLP	Kurv Yield Premium	Pair Corr
0.67	VGT	Vanguard Information	Pair Corr
0.66	VYMI	Vanguard International	Pair Corr
0.72	FEMR	Fidelity Covington Trust	Pair Corr

Related Correlations Analysis

	XLK	IJR	VHYAX	VXF	VYM	ITOT	SPYG	IJH	VIEIX	VPMAX
XLK		0.35	0.73	0.57	0.74	0.97	0.97	0.11	0.56	0.91	XLK
IJR	0.35		0.64	0.89	0.64	0.51	0.42	0.93	0.89	0.16	IJR
VHYAX	0.73	0.64		0.7	1.0	0.84	0.79	0.5	0.7	0.72	VHYAX
VXF	0.57	0.89	0.7		0.7	0.68	0.63	0.81	1.0	0.32	VXF
VYM	0.74	0.64	1.0	0.7		0.85	0.8	0.5	0.7	0.73	VYM
ITOT	0.97	0.51	0.84	0.68	0.85		0.99	0.3	0.68	0.88	ITOT
SPYG	0.97	0.42	0.79	0.63	0.8	0.99		0.23	0.63	0.88	SPYG
IJH	0.11	0.93	0.5	0.81	0.5	0.3	0.23		0.82	-0.08	IJH
VIEIX	0.56	0.89	0.7	1.0	0.7	0.68	0.63	0.82		0.32	VIEIX
VPMAX	0.91	0.16	0.72	0.32	0.73	0.88	0.88	-0.08	0.32		VPMAX
	XLK	IJR	VHYAX	VXF	VYM	ITOT	SPYG	IJH	VIEIX	VPMAX

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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

VYM	+ 1.0	VHYAX
VIEIX	+ 1.0	VXF
SPYG	+ 0.99	ITOT
ITOT	+ 0.97	XLK
SPYG	+ 0.97	XLK
IJH	+ 0.93	IJR

High negative correlations

VPMAX

- 0.08

IJH

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
XLK	0.94	0.03	0.03	0.07	1.45	(0.85)	1.81	(2.49)	5.88
IJR	0.89	(0.04)	(0.02)	0.02	1.07	(0.98)	2.11	(1.78)	6.96
VHYAX	0.46	0.00	(0.01)	0.04	0.54	(0.52)	0.92	(0.97)	3.56
VXF	0.88	(0.04)	(0.02)	0.01	1.20	(0.88)	1.81	(2.00)	6.25
VYM	0.46	0.00	(0.01)	0.04	0.55	(0.52)	0.89	(1.01)	3.46
ITOT	0.58	0.01	0.01	0.05	0.85	(0.54)	1.13	(1.26)	4.43
SPYG	0.74	0.03	0.02	0.07	1.06	(0.70)	1.57	(1.75)	4.72
IJH	0.75	(0.04)	(0.03)	0.01	0.97	(0.77)	1.67	(1.64)	5.59
VIEIX	0.87	(0.04)	(0.02)	0.01	1.15	(0.87)	1.81	(1.92)	6.18
VPMAX	0.69	0.12	0.12	0.15	0.89	(0.74)	1.82	(1.57)	5.20

Delisting Warning - SPLG

SPDR Portfolio SP was delisted

The entity SPDR Portfolio SP with a symbol SPLG was delisted from NYSE ARCA Exchange. Please try State Street SPDR with a symbol SPYM from now on. Check all delisted instruments accross multiple markets.

Still Interested in SPDR Portfolio SP?

Investing in delisted delisted etfs can be risky, as the etf is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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