WisdomTree Emerging Correlations

DGS Etf

USD 56.67 0.32 0.56%

The current 90-days correlation between WisdomTree Emerging and WisdomTree High Dividend is 0.34 (i.e., Weak diversification). The correlation of WisdomTree Emerging is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

WisdomTree Emerging Correlation With Market

Very good diversification

The correlation between WisdomTree Emerging Markets and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Emerging Markets 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 Emerging Markets. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with WisdomTree Etf

0.86	VWO	Vanguard FTSE Emerging	Pair Corr
0.83	IEMG	iShares Core MSCI	Pair Corr
0.86	EMC	Global X Funds	Pair Corr
0.82	EEM	iShares MSCI Emerging	Pair Corr
0.86	SPEM	SPDR Portfolio Emerging	Pair Corr
0.9	FNDE	Schwab Fundamental	Pair Corr
0.82	ESGE	iShares ESG Aware	Pair Corr
0.92	SFGRX	Seafarer Overseas	Pair Corr
0.82	XSOE	WisdomTree Emerging	Pair Corr
0.67	BULZ	MicroSectors Solactive	Pair Corr
0.87	FNGO	MicroSectors FANG Index	Pair Corr
0.7	GDXU	MicroSectors Gold Miners	Pair Corr
0.7	JNUG	Direxion Daily Junior	Pair Corr
0.72	NUGT	Direxion Daily Gold	Pair Corr
0.86	FNGG	Direxion Daily Select	Pair Corr
0.69	GDMN	WisdomTree Efficient Gold	Pair Corr
0.83	PJUN	Innovator SP 500	Pair Corr
0.82	AUGZ	TrueShares Structured	Pair Corr
0.82	ANEW	ProShares MSCI Trans	Pair Corr
0.67	HD	Home Depot	Pair Corr
0.63	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.72	TRV	The Travelers Companies	Pair Corr
0.74	DD	Dupont De Nemours	Pair Corr
0.65	JPM	JPMorgan Chase	Pair Corr
0.8	BAC	Bank of America	Pair Corr
0.67	HPQ	HP Inc	Pair Corr

Moving against WisdomTree Etf

0.51	BA	Boeing	Pair Corr
0.43	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	DHS	DES	DTD	FRDM	PXH	IDU	RWJ	KBE	EWA	EEMA
DHS		0.9	0.9	0.68	0.73	0.21	0.93	0.75	0.76	0.66	DHS
DES	0.9		0.81	0.53	0.64	-0.1	0.94	0.92	0.74	0.55	DES
DTD	0.9	0.81		0.88	0.93	0.41	0.94	0.63	0.73	0.89	DTD
FRDM	0.68	0.53	0.88		0.95	0.67	0.76	0.27	0.59	0.97	FRDM
PXH	0.73	0.64	0.93	0.95		0.5	0.84	0.43	0.67	0.98	PXH
IDU	0.21	-0.1	0.41	0.67	0.5		0.19	-0.35	0.12	0.6	IDU
RWJ	0.93	0.94	0.94	0.76	0.84	0.19		0.78	0.77	0.78	RWJ
KBE	0.75	0.92	0.63	0.27	0.43	-0.35	0.78		0.58	0.33	KBE
EWA	0.76	0.74	0.73	0.59	0.67	0.12	0.77	0.58		0.59	EWA
EEMA	0.66	0.55	0.89	0.97	0.98	0.6	0.78	0.33	0.59		EEMA
	DHS	DES	DTD	FRDM	PXH	IDU	RWJ	KBE	EWA	EEMA

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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

EEMA	+ 0.98	PXH
EEMA	+ 0.97	FRDM
PXH	+ 0.95	FRDM
RWJ	+ 0.94	DES
RWJ	+ 0.94	DTD
RWJ	+ 0.93	DHS

High negative correlations

KBE	- 0.35	IDU
IDU	- 0.1	DES

WisdomTree Emerging Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Emerging 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 Emerging'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
DHS	0.49	0.05	(0.01)	(0.25)	0.45	(0.58)	1.01	(0.87)	2.57
DES	0.79	0.05	(0.01)	(0.15)	0.90	(0.91)	1.94	(1.66)	6.53
DTD	0.40	0.06	0.01	(0.35)	0.42	(0.45)	1.00	(0.67)	2.96
FRDM	0.73	0.22	0.17	(0.62)	0.59	(0.86)	1.62	(1.05)	4.58
PXH	0.61	0.12	0.06	(0.46)	0.72	(0.71)	1.37	(0.91)	5.55
IDU	0.59	0.13	0.09	(0.50)	0.54	(0.63)	1.32	(1.00)	3.43
RWJ	1.01	0.12	0.05	(0.52)	1.02	(1.21)	2.56	(1.72)	7.53
KBE	0.96	(0.05)	0.00	0.34	0.00	0.00	2.43	(1.71)	10.08
EWA	0.61	0.04	(0.03)	(0.09)	0.78	(0.60)	1.16	(1.14)	3.27
EEMA	0.74	0.15	0.09	(0.60)	0.82	(0.85)	1.55	(1.05)	6.09

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