The S&P Homebuilders fund is an exchange traded fund (ETF) within the SPDR family.

Within the SPDR family of funds, the most positively correlated other funds are S&P International Health Care Sector, S&P International Consumer Staples Sector, Barclays Convertible Securities, S&P International Consumer Discretionary Sector, Dow Jones Global Real Estate.

Outside of the SPDR family, the most positively correlated other funds are PowerShares - S&P SmallCap Financials Portfolio, PowerShares - S&P SmallCap Consumer Discretionary Portfolio, Vanguard - Mega Cap, iShares - Growth Allocation ETF, iShares - Aggressive Allocation ETF.

Similar Funds

We don't track any funds with an extremely high correlation (over 99%) to S&P Homebuilders, but here are the most similar funds we track:
97.9% PSCF PowerShares S&P SmallCap Financials Portfolio
97.2% IRY SPDR S&P International Health Care Sector
97.2% PSCD PowerShares S&P SmallCap Consumer Discretionary Portfolio
97.1% MGC Vanguard Mega Cap
97.1% AOR iShares Growth Allocation ETF

Performance for the previous 2 years


Negatively Correlated SPDR funds
RBL SPDR S&P Russia -71.5%
EDIV SPDR S&P Emerging Markets Dividend -67.9%
SIPE SPDR Barclays 0-5 Year TIPS -54.1%
GNR SPDR S&P Global Natural Resources -53.1%
XME SPDR S&P Metals and Mining -42.6%

Positively Correlated Non-SPDR funds
PSCF PowerShares S&P SmallCap Financials Portfolio 97.9%
PSCD PowerShares S&P SmallCap Consumer Discretionary Portfolio 97.2%
MGC Vanguard Mega Cap 97.1%
AOR iShares Growth Allocation ETF 97.1%
AOA iShares Aggressive Allocation ETF 97.0%
Negatively Correlated Non-SPDR funds
RING iShares MSCI Global Gold Miners ETF -88.7%
SLVP iShares MSCI Global Silver Miners ETF -84.0%
EMEY iShares MSCI Emerging Markets Energy Capped ETF -74.7%
ERUS iShares MSCI Russia Capped ETF -74.5%
EWZS iShares MSCI Brazil Small-Cap ETF -73.5%

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