|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 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. Please also check ongoing floating volatility patterns of SP 500 and SPY.S&P 500 vs SPY Inc.
Assuming 30 trading days horizon, S&P 500 is expected to generate 0.1 times more return on investment than SPY. However, S&P 500 is 10.47 times less risky than SPY. It trades about 0.01 of its potential returns per unit of risk. SPY Inc is currently generating about -0.21 per unit of risk. If you would invest 206,395 in S&P 500 on March 30, 2016 and sell it today you would earn a total of 156.00 from holding S&P 500 or generate 0.08% return on investment over 30 days.
Historical Performance Chart