Macroaxis: Personalized Investing
Personalized Investing and
Digital Wealth Optimization

Benchmark  United States  NYSE  11,039   9.598 Index Moved Up 0.09%  

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 (%)
Change Benchmark  Embed   Timeline 
Considering 30-days investment horizon, SPDR SP 500 ETF is expected to generate 1.0 times more return on investment than SP 500. However, SPDR SP 500 ETF is 1.0 times less risky than SP 500. It trades about 0.63 of its potential returns per unit of risk. S&P 500 is currently generating about 0.6 per unit of risk. If you would invest  19,616  in SPDR SP 500 ETF on October 27, 2014 and sell it today you would earn a total of  1,130  from holding SPDR SP 500 ETF or generate 5.76% 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 ETF 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 ETF 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 


Compared with the overall equity markets, risk-adjusted returns on investments in SPDR SP 500 ETF are ranked lower than 36 (%) 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
PowerShares Buyback Achievers ETF vs. SPDR SP 500 ETF

S&P 500


Pair trading matchups for SP 500

SPDR Dow Jones Global Real Estate ETF vs. S&P 500
Maiden Holdings Ltd vs. S&P 500
Merck Co Inc vs. S&P 500
Tyson Foods Inc vs. S&P 500
Vanguard Total Stock Market ETF vs. S&P 500
Horizons Active Preferred Share ETF Comm vs. S&P 500
BMO Emerging Market Bnd Hdgd to CAD ETF vs. S&P 500
iShares Core SPTSX Capped Composite vs. S&P 500
iShares Core SP MidCap vs. S&P 500
The Goldman Sachs Group Inc vs. S&P 500
DaVita HealthCare Partners Inc vs. S&P 500
Forest Laboratories Inc 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