SPDR Portfolio Correlations

SPTM Etf

USD 72.33 0.16 0.22%

The current 90-days correlation between SPDR Portfolio SP and SPDR Portfolio Emerging is 0.81 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SPDR Portfolio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR Portfolio SP moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SPDR Portfolio Correlation With Market

Almost no diversification

The correlation between SPDR Portfolio SP and DJI is 0.97 (i.e., Almost no 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.

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 Portfolio SP. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with SPDR Etf

1.0	VTI	Vanguard Total Stock	Pair Corr
1.0	SPY	SPDR SP 500	Pair Corr
1.0	IVV	iShares Core SP	Pair Corr
0.99	VIG	Vanguard Dividend Sell-off Trend	Pair Corr
1.0	VV	Vanguard Large Cap	Pair Corr
0.98	RSP	Invesco SP 500	Pair Corr
1.0	IWB	iShares Russell 1000	Pair Corr
1.0	ESGU	iShares ESG Aware	Pair Corr
1.0	DFAC	Dimensional Core Equity Sell-off Trend	Pair Corr
1.0	SPLG	SPDR Portfolio SP	Pair Corr
0.72	MSTY	YieldMax MSTR Option	Pair Corr
0.95	JPM	JPMorgan Chase	Pair Corr
0.97	AXP	American Express	Pair Corr
0.9	MSFT	Microsoft	Pair Corr
0.81	MMM	3M Company	Pair Corr
0.82	TRV	The Travelers Companies	Pair Corr
0.91	IBM	International Business	Pair Corr
0.94	BA	Boeing	Pair Corr
0.69	HD	Home Depot	Pair Corr
0.95	DIS	Walt Disney	Pair Corr

Moving against SPDR Etf

0.84	ARKC	ARK 21Shares Active Low Volatility	Pair Corr
0.83	WTID	UBS ETRACS	Pair Corr

Related Correlations Analysis

	SPEM	SPDW	SPSM	SPMD	SPLG
SPEM		0.96	0.92	0.95	0.96	SPEM
SPDW	0.96		0.81	0.88	0.93	SPDW
SPSM	0.92	0.81		0.98	0.93	SPSM
SPMD	0.95	0.88	0.98		0.97	SPMD
SPLG	0.96	0.93	0.93	0.97		SPLG
	SPEM	SPDW	SPSM	SPMD	SPLG

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
SPEM	0.89	0.02	0.01	0.05	1.47	(0.89)	2.38	(1.55)	7.89
SPDW	0.85	0.06	0.04	0.11	1.45	(0.85)	1.78	(1.85)	9.20
SPSM	1.30	0.00	0.00	0.03	1.92	(1.42)	2.54	(2.96)	12.98
SPMD	1.22	0.03	0.02	0.05	1.83	(1.36)	2.46	(2.71)	13.41
SPLG	1.08	0.07	0.04	0.09	1.67	(1.07)	2.08	(2.36)	12.94

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