Macroaxis: Personalized Investing

Personalized Investing and

Digital Wealth Optimization

Benchmark  United States  NYSE  10,835   179.587 Index Moved Down -1.63%  


Processing
Collecting data for SPY and ^GSPC ...

Correlation analysis between SPDR and SP 500 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 ETF 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 ETF  vs   S&P 500
Daily Returns (%)
GSPC   SPY   
 
Benchmark  Embed   Timeline 
Considering 30-days investment horizon, SPDR SP 500 ETF is expected to generate 0.97 times more return on investment than SP 500. However, SPDR SP 500 ETF is 1.03 times less risky than SP 500. It trades about 0.14 of its potential returns per unit of risk. S&P 500 is currently generating about 0.13 per unit of risk. If you would invest  20,463  in SPDR SP 500 ETF on February 4, 2015 and sell it today you would earn a total of  300.00  from holding SPDR SP 500 ETF or generate 1.47% return on investment over 30 days.

Correlation Coefficient

0.5

Parameters

Time Period1 Month [change]
DirectionPositive ^GSPC Moved Up vs SPY
StrengthWeak
Accuracy86.36%
ValuesDaily Returns

Diversification

Very weak diversification

Overlapping area represents amount of risk that can be diversified away by holding SPDR S&P 500 ETF and S&P 500 in the same portfolio assuming nothing else is changed
    Optimize

Historical Performance Chart

Comparative Volatility

Predicted Return Density  
 
Benchmark  Embed   Returns 

SPDR SP 500 ETF

  
Compared with the overall equity markets, risk-adjusted returns on investments in SPDR SP 500 ETF are ranked lower than 9 (%) 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 ETF
iShares Core SP 500 vs. SPDR SP 500 ETF
Vanguard Dividend Appreciation ETF vs. SPDR SP 500 ETF
iShares Russell 1000 vs. SPDR SP 500 ETF
Vanguard Large Cap ETF vs. SPDR SP 500 ETF
iShares Russell 3000 vs. SPDR SP 500 ETF
iShares SP 100 vs. SPDR SP 500 ETF
PowerShares Buyback Achievers ETF vs. SPDR SP 500 ETF
  

S&P 500

  

Pair trading matchups for SP 500

Crown Castle International Corp vs. S&P 500
CA Technologies vs. S&P 500
3M Company vs. S&P 500
International Business Machines Corporation vs. S&P 500
Wells Fargo Company vs. S&P 500
JA Solar Holdings Co Ltd vs. S&P 500
Quanta Services Inc vs. S&P 500
GameStop Corp vs. S&P 500
Discover Financial Services vs. S&P 500
Staples Inc vs. S&P 500
American International Group Inc vs. S&P 500
Pinnacle West Capital Corporation vs. S&P 500


 

Analytics

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