This module allows you to analyze existing cross correlation between S&P 500 and SPY Inc. You can compare the effects of market volatilities on SP 500 and SPY 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 SP 500 with a short position of SPY. See also your portfolio center. Please also check ongoing floating volatility patterns of SP 500 and SPY.
|Investment Horizon||30 Days Login to change|
Assuming 30 trading days horizon, SP 500 is expected to generate 4.25 times less return on investment than SPY. But when comparing it to its historical volatility, S&P 500 is 45.42 times less risky than SPY. It trades about 0.43 of its potential returns per unit of risk. SPY Inc is currently generating about 0.04 of returns per unit of risk over similar time horizon. If you would invest 7 in SPY Inc on September 20, 2017 and sell it today you would earn a total of 0.00 from holding SPY Inc or generate 0.0% return on investment over 30 days.