SPDR Barclays Correlations

Etfs . USA . 
Etf . SPDR Barclays Long
SPTL Etf  USD 27.64  0.18  0.66%   
The current 90-days correlation between SPDR Barclays Long and SPDR Barclays Short is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SPDR Barclays moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR Barclays Long moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SPDR Barclays Correlation With Market

Very good diversification

The correlation between SPDR Barclays Long and DJI is -0.22 (i.e., Very good 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.
  
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 estimate.

Moving together with SPDR Etf

  1.0TLT iShares 20 Year Aggressive PushPairCorr
  0.99IEF iShares 7 10PairCorr
  1.0TLH iShares 10 20PairCorr
  1.0EDV Vanguard ExtendedPairCorr
  0.99GOVZ iShares 25 Year Low VolatilityPairCorr
  1.0SCHQ Schwab Long TermPairCorr
  0.93BNDD Quadratic Deflation ETFPairCorr
  0.99TYA Simplify Exchange Traded Low VolatilityPairCorr
  0.93MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.88KO Coca Cola Sell-off TrendPairCorr
  0.7PFE Pfizer Inc Aggressive PushPairCorr

Moving against SPDR Etf

  0.92NVDU Direxion Daily NVDAPairCorr
  0.91NVDL GraniteShares 15x LongPairCorr
  0.91NVDX T Rex 2XPairCorr
  0.84CRPT First Trust SkyBridgePairCorr
  0.83DAPP VanEck Digital TransPairCorr
  0.82USD ProShares Ultra SemiPairCorr
  0.74BITX Volatility Shares Trust Upward RallyPairCorr
  0.74DPST Direxion Daily RegionalPairCorr
  0.72CONL GraniteShares ETF Trust Upward RallyPairCorr
  0.84BAC Bank of America Aggressive PushPairCorr
  0.83JPM JPMorgan Chase Sell-off TrendPairCorr
  0.8HPQ HP IncPairCorr
  0.76AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.73TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.7DIS Walt Disney Aggressive PushPairCorr
  0.67XOM Exxon Mobil Corp Sell-off TrendPairCorr
  0.62T ATT Inc Aggressive PushPairCorr
  0.58HD Home Depot Sell-off TrendPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY