This module allows you to analyze existing cross correlation between SPDR Portfolio Interm Term Corp Bd ETF and iShares iBoxx Invmt Grade Corp Bd ETF. You can compare the effects of market volatilities on SPDR Portfolio and iShares iBoxx 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 SPDR Portfolio with a short position of iShares iBoxx. See also your portfolio center. Please also check ongoing floating volatility patterns of SPDR Portfolio and iShares iBoxx.
|Time Horizon||30 Days Login to change|
SPDR Portfolio Interm Term Cor vs. iShares iBoxx Invmt Grade Corp
Given the investment horizon of 30 days, SPDR Portfolio is expected to generate 1.8 times less return on investment than iShares iBoxx. But when comparing it to its historical volatility, SPDR Portfolio Interm Term Corp Bd ETF is 1.59 times less risky than iShares iBoxx. It trades about 0.05 of its potential returns per unit of risk. iShares iBoxx Invmt Grade Corp Bd ETF is currently generating about 0.06 of returns per unit of risk over similar time horizon. If you would invest 11,428 in iShares iBoxx Invmt Grade Corp Bd ETF on May 18, 2018 and sell it today you would earn a total of 37.00 from holding iShares iBoxx Invmt Grade Corp Bd ETF or generate 0.32% return on investment over 30 days.