WisdomTree Emerging Correlations

DGS Etf

USD 56.30 0.36 0.64%

The current 90-days correlation between WisdomTree Emerging and WisdomTree International SmallCap is -0.19 (i.e., Good 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 weak diversification

The correlation between WisdomTree Emerging Markets and DJI is 0.53 (i.e., Very weak 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 signals in rate.

Moving together with WisdomTree Etf

0.97	VWO	Vanguard FTSE Emerging	Pair Corr
0.95	IEMG	iShares Core MSCI	Pair Corr
0.97	EMC	Global X Funds	Pair Corr
0.98	EEM	iShares MSCI Emerging	Pair Corr
0.93	SPEM	SPDR Portfolio Emerging	Pair Corr
0.96	FNDE	Schwab Fundamental	Pair Corr
0.98	ESGE	iShares ESG Aware	Pair Corr
0.93	SFGRX	Seafarer Overseas	Pair Corr
0.97	XSOE	WisdomTree Emerging	Pair Corr
0.91	XOVR	ERShares Private Public Symbol Change	Pair Corr
0.89	GAICX	GATEWAY INTERNATIONAL	Pair Corr
0.94	HBTA	Horizon Funds	Pair Corr
0.91	AAIAX	AMERICAN BEACON INTE	Pair Corr
0.84	CGIVX	CBRE CLARION GLOBAL	Pair Corr
0.87	FDV	First Trust Capital	Pair Corr
0.91	TRSY	Xtrackers 0 1	Pair Corr
0.88	CVX	Chevron Corp	Pair Corr
0.91	JPM	JPMorgan Chase	Pair Corr
0.81	BA	Boeing	Pair Corr
0.8	GE	GE Aerospace	Pair Corr
0.85	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.65	DIS	Walt Disney Sell-off Trend	Pair Corr
0.63	AXP	American Express	Pair Corr
0.75	JNJ	Johnson Johnson	Pair Corr
0.89	CAT	Caterpillar	Pair Corr
0.81	MRK	Merck Company Aggressive Push	Pair Corr

Moving against WisdomTree Etf

0.61	TRV	The Travelers Companies	Pair Corr
0.47	KO	Coca Cola	Pair Corr
0.43	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	DLS	DEM	EWX	DES	DFE
DLS		0.95	0.95	0.8	0.91	DLS
DEM	0.95		0.91	0.84	0.91	DEM
EWX	0.95	0.91		0.82	0.87	EWX
DES	0.8	0.84	0.82		0.83	DES
DFE	0.91	0.91	0.87	0.83		DFE
	DLS	DEM	EWX	DES	DFE

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
DLS	0.53	0.17	0.14	2.75	0.38	(0.59)	1.20	(1.01)	3.28
DEM	0.47	0.09	0.01	15.94	0.47	(0.53)	1.06	(0.96)	2.91
EWX	0.54	0.10	0.07	0.27	0.64	(0.57)	1.07	(1.37)	3.93
DES	0.88	(0.04)	(0.01)	0.05	1.03	(0.96)	1.95	(1.77)	5.18
DFE	0.55	0.05	0.02	0.16	0.53	(0.62)	1.13	(1.10)	2.85

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