WisdomTree Global Correlations

DNL Etf

USD 39.37 -1.40 -3.43%

The current 90-days correlation between WisdomTree Global and ETC 6 Meridian is 0.28 (i.e., Modest diversification).A low or negative correlation between WisdomTree Global and other assets in a portfolio can meaningfully reduce drawdowns without proportionally reducing expected return.

Market Linkage for WisdomTree Global

Poor diversification

For the present investment horizon, the measured correlation between DNL and DJI stands at 0.79, or Poor diversification. The overlap area represents the portion of risk that may be diversified away when both instruments are held together and nothing else in the portfolio changes.

Build portfolio with WisdomTree Etf

Review Investing Opportunities for context on portfolio diversification. The diversification view provides additional analytical depth. Portfolio construction reflects how positions are combined across holdings. All figures are presented for informational review and are not prescriptive. The allocation includes a position in WisdomTree Global ex US. It is distributed across the allocation. The weighting is determined by the allocation framework in use. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with WisdomTree Etf

0.97	EFG	iShares MSCI EAFE	Pair Corr
0.87	VIGI	Vanguard International	Pair Corr
0.93	IHDG	WisdomTree International	Pair Corr
0.94	GRIN	VictoryShares International	Pair Corr
0.95	CGXU	Capital Group	Pair Corr
0.81	FPXI	First Trust International	Pair Corr
0.93	IQDG	WisdomTree International	Pair Corr
0.85	PIZ	Invesco DWA Developed	Pair Corr
0.85	IDHQ	Invesco SAMPP	Pair Corr
0.78	VTI	Vanguard Total Stock	Pair Corr
0.74	SPY	SPDR SAMPP 500	Pair Corr
0.75	IVV	iShares Core SAMPP	Pair Corr
0.76	TOT	Advisor Managed	Pair Corr
0.68	VTV	Vanguard Value Index	Pair Corr
0.62	DES	WisdomTree SmallCap	Pair Corr
0.62	DD	Dupont De Nemours	Pair Corr

Moving against WisdomTree Etf

0.49

HPQ

HP Inc

Pair Corr

Related Correlations Analysis

	DTH	IXP	QDEF	CXSE	SLVP	DGRS	TVAL	ISCF	BALI	SIXH
DTH		0.31	0.82	-0.16	0.69	0.92	0.96	0.92	0.72	0.87	DTH
IXP	0.31		0.54	0.45	0.4	0.26	0.35	0.49	0.73	0.0	IXP
QDEF	0.82	0.54		0.14	0.71	0.82	0.86	0.88	0.88	0.59	QDEF
CXSE	-0.16	0.45	0.14		0.2	-0.11	-0.05	0.17	0.25	-0.56	CXSE
SLVP	0.69	0.4	0.71	0.2		0.7	0.77	0.85	0.78	0.48	SLVP
DGRS	0.92	0.26	0.82	-0.11	0.7		0.94	0.9	0.67	0.81	DGRS
TVAL	0.96	0.35	0.86	-0.05	0.77	0.94		0.95	0.8	0.82	TVAL
ISCF	0.92	0.49	0.88	0.17	0.85	0.9	0.95		0.85	0.66	ISCF
BALI	0.72	0.73	0.88	0.25	0.78	0.67	0.8	0.85		0.48	BALI
SIXH	0.87	0.0	0.59	-0.56	0.48	0.81	0.82	0.66	0.48		SIXH
	DTH	IXP	QDEF	CXSE	SLVP	DGRS	TVAL	ISCF	BALI	SIXH

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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

TVAL	+ 0.96	DTH
ISCF	+ 0.95	TVAL
TVAL	+ 0.94	DGRS
DGRS	+ 0.92	DTH
ISCF	+ 0.92	DTH
ISCF	+ 0.9	DGRS

High negative correlations

SIXH	- 0.56	CXSE
CXSE	- 0.16	DTH
DGRS	- 0.11	CXSE
TVAL	- 0.05	CXSE
SIXH	- 0.0	IXP

WisdomTree Global Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Global ETF doing well as a business compared to the competition. Without reviewing risk-adjusted indicators, investors may overweight recent returns and underweight the volatility required to achieve them. 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
DTH	0.67	0.11	0.11	0.05	1.12	-0.60	1.10	-1.67	4.94
IXP	0.68	0.00	0.00	-0.10	0.00	0.00	1.24	-1.48	4.63
QDEF	0.46	0.02	0.00	-0.07	0.00	0.00	0.65	-1.47	3.80
CXSE	0.93	-0.03	0.00	-0.14	0.00	0.00	2.00	-1.93	7.24
SLVP	3.19	0.24	0.02	0.01	4.92	-2.96	5.80	-7.65	21.00
DGRS	0.75	0.11	0.11	0.01	0.91	-0.84	2.12	-1.53	5.59
TVAL	0.53	0.10	0.15	0.02	0.76	-0.53	1.04	-1.37	3.19
ISCF	0.74	0.06	0.00	-0.03	0.00	0.00	1.44	-1.76	4.81
BALI	0.49	0.03	0.00	-0.04	0.00	0.00	0.84	-1.12	2.73
SIXH	0.37	0.10	0.41	0.34	0.24	-0.44	0.92	-0.59	2.67

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