WisdomTree Dynamic Correlations

DDWM Etf

USD 43.31 0.27 0.63%

The current 90-days correlation between WisdomTree Dynamic and WisdomTree MidCap Earnings is 0.71 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WisdomTree Dynamic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree Dynamic Currency moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

WisdomTree Dynamic Correlation With Market

Poor diversification

The correlation between WisdomTree Dynamic Currency and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Dynamic Currency and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WisdomTree Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in WisdomTree Dynamic Currency. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with WisdomTree Etf

0.95	EFV	iShares MSCI EAFE Low Volatility	Pair Corr
0.96	FNDF	Schwab Fundamental	Pair Corr
0.93	VYMI	Vanguard International	Pair Corr
0.89	IDV	iShares International	Pair Corr
0.9	DFIV	Dimensional International	Pair Corr
0.92	IVLU	iShares Edge MSCI	Pair Corr
0.9	RODM	Hartford Multifactor	Pair Corr
0.96	PXF	Invesco FTSE RAFI	Pair Corr
0.89	HDEF	Xtrackers MSCI EAFE	Pair Corr
0.92	PID	Invesco International	Pair Corr
0.86	VTI	Vanguard Total Stock	Pair Corr
0.86	SPY	SPDR SP 500	Pair Corr
0.86	IVV	iShares Core SP	Pair Corr
0.84	TOT	Advisor Managed Port	Pair Corr
0.92	VTV	Vanguard Value Index	Pair Corr
0.69	VUG	Vanguard Growth Index	Pair Corr
0.84	FIAX	Nicholas Fixed Income	Pair Corr
0.89	MRSK	Northern Lights	Pair Corr
0.87	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.94	FELV	Fidelity Covington Trust	Pair Corr
0.67	AVSC	American Century ETF	Pair Corr
0.85	SCHX	Schwab Large Cap	Pair Corr
0.91	BFEB	Innovator SP 500	Pair Corr
0.75	ELD	WisdomTree Emerging	Pair Corr
0.67	MEDI	Harbor Health Care	Pair Corr
0.68	IBTI	iShares iBonds Dec	Pair Corr

Related Correlations Analysis

	EZM	JKI	VTWV	PICK	ONEY	HAUZ	RDIV	AVIV	IQDG	ECH
EZM		0.92	0.88	0.44	0.95	0.42	0.8	0.64	0.76	0.38	EZM
JKI	0.92		0.9	0.7	0.88	0.2	0.89	0.86	0.86	0.56	JKI
VTWV	0.88	0.9		0.7	0.83	0.23	0.74	0.74	0.82	0.41	VTWV
PICK	0.44	0.7	0.7		0.37	-0.26	0.61	0.89	0.63	0.71	PICK
ONEY	0.95	0.88	0.83	0.37		0.57	0.78	0.58	0.8	0.24	ONEY
HAUZ	0.42	0.2	0.23	-0.26	0.57		0.24	-0.02	0.38	-0.25	HAUZ
RDIV	0.8	0.89	0.74	0.61	0.78	0.24		0.82	0.72	0.66	RDIV
AVIV	0.64	0.86	0.74	0.89	0.58	-0.02	0.82		0.79	0.81	AVIV
IQDG	0.76	0.86	0.82	0.63	0.8	0.38	0.72	0.79		0.34	IQDG
ECH	0.38	0.56	0.41	0.71	0.24	-0.25	0.66	0.81	0.34		ECH
	EZM	JKI	VTWV	PICK	ONEY	HAUZ	RDIV	AVIV	IQDG	ECH

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ONEY	+ 0.95	EZM
JKI	+ 0.92	EZM
VTWV	+ 0.9	JKI
RDIV	+ 0.89	JKI
AVIV	+ 0.89	PICK
VTWV	+ 0.88	EZM

High negative correlations

HAUZ	- 0.26	PICK
ECH	- 0.25	HAUZ
AVIV	- 0.02	HAUZ

WisdomTree Dynamic Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Dynamic ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze WisdomTree Dynamic's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EZM	0.73	(0.05)	(0.04)	0.02	0.91	(0.77)	1.64	(1.38)	4.16
JKI	0.59	(0.01)	(0.02)	0.06	0.74	(0.60)	1.10	(1.11)	3.37
VTWV	0.90	0.00	0.02	0.07	1.06	(1.00)	2.19	(1.90)	5.23
PICK	0.99	0.16	0.13	0.20	1.05	(1.06)	2.30	(1.87)	7.02
ONEY	0.59	(0.04)	(0.07)	0.01	0.75	(0.56)	1.19	(1.15)	3.35
HAUZ	0.53	(0.09)	0.00	(0.07)	0.00	0.00	1.08	(1.14)	2.87
RDIV	0.66	(0.02)	(0.04)	0.04	0.83	(0.68)	1.15	(1.10)	4.20
AVIV	0.53	0.04	0.03	0.12	0.58	(0.58)	1.25	(1.08)	2.92
IQDG	0.63	(0.01)	(0.03)	0.05	0.71	(0.67)	1.17	(1.22)	2.91
ECH	1.02	0.18	0.13	0.27	1.10	(1.20)	2.12	(1.48)	6.16

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