Macroaxis: Personalized Investing
Personalized Investing and
Digital Wealth Optimization

Benchmark  United States  NYSE  11,026   87.767 Index Moved Up 0.8%  

Collecting data for ^GSPC and XSPY ...

Correlation analysis between SP 500 and SPY Inc Correlation analysis between SP 500 and SPY Inc

Investment horizon:  
  30 Days    Login   to change
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 Inc 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 Inc. Please also check ongoing floating volatility patterns of SP 500 and SPY Inc.
 S&P 500  vs   SPY Inc.
Daily Returns (%)
Change Benchmark  Embed   Timeline 
Assuming 30 trading days horizon, SP 500 is expected to generate 4.12 times less return on investment than SPY Inc. But when comparing it to its historical volatility, S&P 500 is 17.97 times less risky than SPY Inc. It trades about 0.6 of its potential returns per unit of risk. SPY Inc is currently generating about 0.14 of returns per unit of risk over similar time horizon. If you would invest  75.00  in SPY Inc on October 25, 2014 and sell it today you would earn a total of  13.00  from holding SPY Inc or generate 17.33% return on investment over 30 days.

Correlation Coefficient

Time Period1 Month [change]
DirectionPositive XSPY Moved Up vs ^GSPC
ValuesDaily Returns


Average diversification
Overlapping area represents amount of risk that can be diversified away by holding S&P 500 and SPY Inc. in the same portfolio assuming nothing else is changed
Investing ideals could easily outperform a given market if properly optimized
Get SPY Inc research report. Reports are available in pdf format. Click SPY Inc Report to view
SPY Inc Report  
Get S&P 500 research report. Reports are available in pdf format. Click SP 500 Report to view
SP 500 Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density
Change Benchmark  Embed   Returns 

S&P 500


Pair trading matchups for SP 500

3M Company vs. S&P 500
EOG Resources Inc vs. S&P 500
BMO Global Infrastructure ETF vs. S&P 500
BMO Eq Wght US HlthCare Hdgd to CAD ETF vs. S&P 500
Carnival Corporation vs. S&P 500
Broadcom Corp vs. S&P 500
Illinois Tool Works Inc vs. S&P 500
BMO Low Volatility Canadian Equity ETF vs. S&P 500
Verizon Communications Inc vs. S&P 500
CenterPoint Energy Inc vs. S&P 500


Compared with the overall equity markets, risk-adjusted returns on investments in SPY Inc are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for SPY Inc

Pool Corp vs. SPY Inc
Callaway Golf Co vs. SPY Inc
Nautilus Inc vs. SPY Inc
Sportsmans Warehouse Holdings Inc vs. SPY Inc
Johnson Outdoors Inc vs. SPY Inc
Black Diamond Inc vs. SPY Inc
Escalade Inc vs. SPY Inc
Zippy Bags Inc vs. SPY Inc



Risk Adjusted Returns Landscape
Live Efficient Frontier
Market Correlation Analysis
Watchlist Analysis
Financial Content
Portfolio Estimation and Projections
Portfolio Theme Builder

Research Modules

Equities Backtesting Analysis
Instant Retirement Optimizer
Cross-portfolio RSS and Mobile Access
Company, fund, and ETF Directory
Financial Advisor Directory
Insider and Manager Directory
Wealth Management

Services And Technology

Frequently Asked Questions
Quick Product Tour
Product Technology Overview
Solution Methodology
Plans and Pricing

Free Investor Tools

World Market Correlations
Instant Equity Comparator
Watchlist Analysis
Position Suggestions
Equity Alpha Analysis

About Us

About Macroaxis
Contact Us
Product Terms Of Use
Service Privacy Policy
Advertising Opportunities