Macroaxis: Personalized Investing
Personalized Investing and
Digital Wealth Optimization

Benchmark  United States  NYSE  10,406   94.97 Index Moved Down -0.9%  

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 under-perform the SP 500. In addition to that, SPDR is 1.01 times more volatile than S&P 500. It trades about -0.11 of its total potential returns per unit of risk. S&P 500 is currently generating about -0.11 per unit of volatility. If you would invest  198,277  in S&P 500 on September 23, 2014 and sell it today you would lose (5,566) from holding S&P 500 or give up 2.81% of portfolio value over 30 days.

Correlation Coefficient

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


Modest 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
Investing ideals could easily outperform a given market if properly optimized
Get S&P 500 research report. Reports are available in pdf format. Click SP 500 Report to view
SP 500 Report  
Get SPDR SP 500 research report. Reports are available in pdf format. Click SPDR Report to view
SPDR Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density
Change Benchmark  Embed   Returns 


Over the last 30 days SPDR SP 500 has generated negative risk-adjusted returns adding no value to investors with long positions.

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

REC SOLAR vs. S&P 500
SINA Corporation vs. S&P 500
Siemens Aktiengesellschaft vs. S&P 500
Republic Services Inc vs. S&P 500
Sanofi vs. S&P 500
Uranium Participation Corp vs. S&P 500
Roche Holding AG 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