SPDR Portfolio S&P Sector Neutral Dividend ETF
Top 10 Holdings
What is SPDG?
The SPDR Portfolio S&P Sector Neutral Dividend ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Sector-Neutral High Yield Dividend Aristocrats Index. The Index is designed to include large, mid and small-cap companies in the S&P Composite 1500 Index that have increased or maintained their dividend for seven or more consecutive years while seeking to mirror the sector weights of the S&P Composite 1500 Index. The S&P Sector-Neutral High Yield Dividend Aristocrats Index is designed to measure the performance of companies in the S&P Composite 1500 Index (the "Parent Index") that have followed a policy of increasing or maintaining dividends every year for at least seven consecutive years while maintaining sector weights that correspond to the Parent Index. The Parent Index is designed to measure the performance of the large-, mid-, and small-capitalization segments of the U.S. equity market.
ETFs related toSPDG
ETFs correlated to SPDG include DGRW, SCHD, DLN
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.