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Benchmark  United States  NYSE  10,547   34.932 Index Moved Down -0.33%  


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Collecting data for SPY and ^GSPC ...

Correlation analysis between SPDR and SP 500

 
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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. Please also check ongoing floating volatility patterns of SPDR and SP 500.
 
 SPDR S&P 500  vs   S&P 500
Check Correlation Matrix  
Daily Returns (%)
GSPC   SPY   
 
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Considering 30-days investment horizon, SPDR SP 500 is expected to generate about the same return on investment as S&P 500.But, SPDR SP 500 is 1.01 times less risky than SP 500. It trades about 0.04 of its potential returns per unit of risk. S&P 500 is currently generating about 0.04 per unit of risk. If you would invest  185,256  in S&P 500 on March 25, 2014 and sell it today you would earn a total of  2,283  from holding S&P 500 or generate 1.23% return on investment over 30 days.

Diversification

Weak diversification
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

Correlation Coefficient

0.38
Parameters
Time Period1 Month [change]
DirectionPositive ^GSPC Moved Up vs SPY
StrengthVery Weak
Accuracy95.24%
ValuesDaily Returns
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Predicted Return Density
 
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Returns:   
GSPC   SPY   

SPDR SP 500

 
    
Compared with the overall equity markets, risk-adjusted returns on investments in SPDR SP 500 are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.
    

Match-ups for SPDR

Vanguard Total Stock Market ETF vs. SPDR SP 500
Vanguard Large Cap ETF vs. SPDR SP 500
  

S&P 500

 
    
    

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