This module allows you to analyze existing cross correlation between DOW and SPDR SP Dividend ETF. You can compare the effects of market volatilities on DOW and SPDR SP and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in DOW with a short position of SPDR SP. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and SPDR SP.
|Time Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to under-perform the SPDR SP. In addition to that, DOW is 1.29 times more volatile than SPDR SP Dividend ETF. It trades about -0.04 of its total potential returns per unit of risk. SPDR SP Dividend ETF is currently generating about -0.01 per unit of volatility. If you would invest 9,228 in SPDR SP Dividend ETF on February 20, 2018 and sell it today you would lose (15.00) from holding SPDR SP Dividend ETF or give up 0.16% of portfolio value over 30 days.