Macroaxis: Personalized Investing
Personalized Investing and
Digital Wealth Optimization

Benchmark  United States  NYSE  11,046   36.629 Index Moved Up 0.33%  

Collecting data for SPY and ^GSPC ...

Correlation analysis between SPDR and SP 500

Investment horizon:  
  30 Days    Login   to change
This module allows you to analyze existing cross correlation between SPDR SP 500 and S&P 500. You can compare the effects of market volatilities on SPDR and SP 500 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 with a short position of SP 500. Please also check ongoing floating volatility patterns of SPDR and SP 500.
 SPDR S&P 500  vs   S&P 500
Daily Returns (%)
Change Benchmark  Embed  Timeline 
Considering 30-days investment horizon, SPDR SP 500 is expected to generate 0.99 times more return on investment than SP 500. However, SPDR SP 500 is 1.01 times less risky than SP 500. It trades about 0.36 of its potential returns per unit of risk. S&P 500 is currently generating about 0.34 per unit of risk. If you would invest  19,389  in SPDR SP 500 on August 3, 2014 and sell it today you would earn a total of  682  from holding SPDR SP 500 or generate 3.52% return on investment over 30 days.

Correlation Coefficient

Time Period1 Month [change]
DirectionPositive ^GSPC Moved Up vs SPY
StrengthVery Strong
ValuesDaily Returns


No risk reduction
Overlapping area represents amount of risk that can be diversified away by holding SPDR S&P 500 and S&P 500 in the same portfolio assuming nothing else is changed
Investing ideals could easily outperform a given market if properly optimized
SP 500 Report  
SPDR Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density


Compared with the overall equity markets, risk-adjusted returns on investments in SPDR SP 500 are ranked lower than 20 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for SPDR

Vanguard Total Stock Market ETF vs. SPDR SP 500
iShares Core SP 500 vs. SPDR SP 500
Vanguard Dividend Apprec Idx ETF vs. SPDR SP 500
iShares Russell 1000 vs. SPDR SP 500
Vanguard Large Cap ETF vs. SPDR SP 500
Guggenheim SP 500 Equal Weight vs. SPDR SP 500
iShares Russell 3000 vs. SPDR SP 500
iShares SP 100 vs. SPDR SP 500
PowerShares Buyback Achievers vs. SPDR SP 500

S&P 500


Pair trading matchups for SP 500

Plum Creek Timber Co Inc vs. S&P 500
BristolMyers Squibb Company vs. S&P 500
McDonalds Corp vs. S&P 500
Chipotle Mexican Grill Inc vs. S&P 500
The PNC Financial Services Group Inc vs. S&P 500
Harris Corporation vs. S&P 500
Kimco Realty Corporation vs. S&P 500
General Electric Company vs. S&P 500
Entergy Corporation vs. S&P 500
VF Corporation vs. S&P 500
Alcoa Inc vs. S&P 500
FedEx Corporation vs. S&P 500



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