This module allows you to analyze existing cross correlation between SPDR SP 500 ETF and S&P 500. You can compare the effects of market volatilities on SPDR SP 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 SP with a short position of SP 500. See also your portfolio center. Please also check ongoing floating volatility patterns of SPDR SP and SP 500.
|Investment Horizon||30 Days Login to change|
Considering 30-days investment horizon, SPDR SP is expected to generate 1.13 times less return on investment than SP 500. In addition to that, SPDR SP is 1.08 times more volatile than S&P 500. It trades about 0.36 of its total potential returns per unit of risk. S&P 500 is currently generating about 0.44 per unit of volatility. If you would invest 250,665 in S&P 500 on September 19, 2017 and sell it today you would earn a total of 5,461 from holding S&P 500 or generate 2.18% return on investment over 30 days.