SPDR Barclays Correlations

SPSB Etf

USD 30.15 0.02 0.07%

The current 90-days correlation between SPDR Barclays Short and SPDR Portfolio Aggregate is 0.71 (i.e., Poor 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

Modest diversification

The correlation between SPDR Barclays Short and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Barclays Short 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 Short. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with SPDR Etf

0.97	BSV	Vanguard Short Term Sell-off Trend	Pair Corr
0.87	IGSB	iShares 1 5 Sell-off Trend	Pair Corr
0.89	ISTB	iShares Core 1	Pair Corr
0.88	SLQD	iShares 0 5	Pair Corr
0.93	GVI	iShares Intermediate	Pair Corr
0.96	LDUR	PIMCO Enhanced Low	Pair Corr
0.73	SUSB	iShares ESG 1	Pair Corr
0.65	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.68	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.69	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.77	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.72	VTV	Vanguard Value Index	Pair Corr
0.71	VEA	Vanguard FTSE Developed	Pair Corr
0.8	MAYT	AIM ETF Products	Pair Corr
0.71	SUSL	iShares ESG MSCI	Pair Corr
0.61	BDEC	Innovator SP 500	Pair Corr
0.67	MDLV	EA Series Trust	Pair Corr
0.65	BBLU	Ea Bridgeway Blue	Pair Corr
0.8	AHLT	American Beacon Select	Pair Corr
0.65	FDLO	Fidelity Low Volatility	Pair Corr
0.81	AAPU	Direxion Shares ETF	Pair Corr

Related Correlations Analysis

	SPAB	JNK	SPHY	SPMB	SPTI	IJJ	IGM	JCPB	XLRE	PYLD
SPAB		0.39	0.43	0.97	0.94	0.06	0.46	0.99	0.13	0.62	SPAB
JNK	0.39		0.99	0.43	0.37	0.68	0.57	0.46	0.17	0.59	JNK
SPHY	0.43	0.99		0.48	0.41	0.65	0.61	0.51	0.17	0.62	SPHY
SPMB	0.97	0.43	0.48		0.94	0.01	0.54	0.99	-0.02	0.73	SPMB
SPTI	0.94	0.37	0.41	0.94		0.03	0.3	0.96	-0.06	0.6	SPTI
IJJ	0.06	0.68	0.65	0.01	0.03		0.16	0.07	0.45	0.03	IJJ
IGM	0.46	0.57	0.61	0.54	0.3	0.16		0.5	-0.08	0.78	IGM
JCPB	0.99	0.46	0.51	0.99	0.96	0.07	0.5		0.05	0.7	JCPB
XLRE	0.13	0.17	0.17	-0.02	-0.06	0.45	-0.08	0.05		-0.29	XLRE
PYLD	0.62	0.59	0.62	0.73	0.6	0.03	0.78	0.7	-0.29		PYLD
	SPAB	JNK	SPHY	SPMB	SPTI	IJJ	IGM	JCPB	XLRE	PYLD

Please upgrade your account to get full access to Macroaxis premium features

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

JCPB	+ 0.99	SPAB
SPHY	+ 0.99	JNK
JCPB	+ 0.99	SPMB
SPMB	+ 0.97	SPAB
JCPB	+ 0.96	SPTI
SPTI	+ 0.94	SPAB

High negative correlations

PYLD	- 0.29	XLRE
XLRE	- 0.08	IGM
XLRE	- 0.06	SPTI
XLRE	- 0.02	SPMB

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SPAB	0.16	(0.01)	(0.31)	(0.15)	0.17	(0.18)	0.27	(0.27)	0.93
JNK	0.18	(0.01)	(0.24)	0.03	0.17	(0.19)	0.34	(0.30)	1.05
SPHY	0.16	(0.01)	(0.24)	0.03	0.14	(0.20)	0.34	(0.34)	1.07
SPMB	0.16	0.00	(0.28)	0.02	0.16	(0.17)	0.31	(0.27)	1.11
SPTI	0.15	(0.01)	(0.36)	0.63	0.17	(0.15)	0.28	(0.24)	0.97
IJJ	0.72	(0.06)	(0.06)	0.00	0.97	(0.71)	1.62	(1.31)	4.52
IGM	0.92	0.09	0.07	0.13	1.28	(0.92)	1.88	(2.64)	5.66
JCPB	0.15	0.00	(0.32)	(0.03)	0.15	(0.17)	0.30	(0.25)	0.86
XLRE	0.59	(0.07)	0.00	(0.07)	0.00	0.00	1.31	(1.31)	4.36
PYLD	0.10	0.00	(0.33)	0.00	0.00	(0.13)	0.23	(0.15)	0.53

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