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, S&P 500 is expected to generate 0.04 times more return on investment than SPY. However, S&P 500 is 26.83 times less risky than SPY. It trades about 0.3 of its potential returns per unit of risk. SPY Inc is currently generating about -0.16 per unit of risk. If you would invest 258,484 in S&P 500 on November 12, 2017 and sell it today you would earn a total of 6,666 from holding S&P 500 or generate 2.58% return on investment over 30 days.