Pair Correlation Between XU100 and SP 500

This module allows you to analyze existing cross correlation between XU100 and S&P 500. You can compare the effects of market volatilities on XU100 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 XU100 with a short position of SP 500. See also your portfolio center. Please also check ongoing floating volatility patterns of XU100 and SP 500.
 Time Horizon     30 Days    Login   to change
 XU100  vs   S&P 500
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, XU100 is expected to generate 0.74 times more return on investment than SP 500. However, XU100 is 1.36 times less risky than SP 500. It trades about -0.01 of its potential returns per unit of risk. S&P 500 is currently generating about -0.09 per unit of risk. If you would invest  11,684,094  in XU100 on February 22, 2018 and sell it today you would lose (23,812)  from holding XU100 or give up 0.2% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between XU100 and SP 500


Time Period1 Month [change]
ValuesDaily Returns


Very weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding XU100 and S&P 500 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on SP 500 and XU100 is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on XU100 are associated (or correlated) with SP 500. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SP 500 has no effect on the direction of XU100 i.e. XU100 and SP 500 go up and down completely randomly.

Comparative Volatility

 Predicted Return Density