SPDR Barclays Correlations
| SPSB Etf | USD 30.03 0.03 0.10% |
The current 90-days correlation between SPDR Barclays Short and SPDR Barclays Intermediate is 0.02 (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
Average diversification
The correlation between SPDR Barclays Short and DJI is 0.13 (i.e., Average 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.
SPDR |
Moving together with SPDR Etf
| 0.72 | IGSB | iShares 1 5 | PairCorr |
| 0.73 | ISTB | iShares Core 1 | PairCorr |
| 0.95 | SLQD | iShares 0 5 | PairCorr |
| 0.92 | LDUR | PIMCO Enhanced Low | PairCorr |
| 0.73 | SUSB | iShares ESG 1 | PairCorr |
| 0.71 | EMCB | WisdomTree Emerging | PairCorr |
| 0.61 | EU | enCore Energy Corp | PairCorr |
| 0.69 | VZ | Verizon Communications Sell-off Trend | PairCorr |
| 0.64 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.79 | 0.89 | 0.96 | 0.75 | SPIB | ||
| 0.79 | 0.83 | 0.91 | 0.89 | WINC | ||
| 0.89 | 0.83 | 0.92 | 0.91 | SPTS | ||
| 0.96 | 0.91 | 0.92 | 0.85 | IGSB | ||
| 0.75 | 0.89 | 0.91 | 0.85 | SLQD | ||
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SPIB | 0.17 | 0.00 | (0.59) | 0.14 | 0.19 | 0.33 | 1.03 | |||
| WINC | 0.09 | 0.00 | (0.94) | 0.12 | 0.04 | 0.21 | 0.71 | |||
| SPTS | 0.08 | (0.01) | (1.28) | (0.36) | 0.05 | 0.17 | 0.55 | |||
| IGSB | 0.11 | 0.00 | (0.92) | 0.15 | 0.08 | 0.21 | 0.60 | |||
| SLQD | 0.08 | 0.00 | (1.20) | (0.02) | 0.00 | 0.20 | 0.50 |