WisdomTree MidCap Correlations

DON Etf

USD 52.26 -0.08 -0.15%

The current 90-days correlation between WisdomTree MidCap and First Trust Dorsey is 0.64 (i.e., Poor diversification).The rolling correlation of WisdomTree MidCap with major benchmarks helps investors assess how its diversification benefit changes during periods of stress versus calm markets.

Market Correlation Summary - WisdomTree MidCap

Poor diversification

Across the chosen horizon, DON and DJI show a correlation of 0.69 and fall into the Poor diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

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Review Investing Opportunities to understand diversified portfolio construction. Broader allocation clarity strengthens diversification analysis. This suggests a position in WisdomTree MidCap Dividend inside the allocation mix. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with WisdomTree Etf

0.96	VOE	Vanguard Mid Cap	Pair Corr
0.92	SDY	SPDR SAMPP Dividend	Pair Corr
0.92	DVY	iShares Select Dividend	Pair Corr
0.97	IWS	iShares Russell Mid	Pair Corr
0.91	FVD	First Trust Value	Pair Corr
0.91	SPYD	SPDR Portfolio SAMPP Sell-off Trend	Pair Corr
0.91	COWZ	Pacer Cash Cows	Pair Corr
0.96	IJJ	iShares SAMPP Mid	Pair Corr
0.97	RPV	Invesco SAMPP 500	Pair Corr
0.81	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.96	VTV	Vanguard Value Index	Pair Corr
0.89	VO	Vanguard Mid Cap	Pair Corr
0.93	VEA	Vanguard FTSE Developed	Pair Corr
0.92	VB	Vanguard Small Cap	Pair Corr
0.84	HD	Home Depot	Pair Corr
0.85	MRK	Merck Company	Pair Corr
0.72	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.68	T	ATT Inc Earnings Call This Week	Pair Corr
0.89	CAT	Caterpillar	Pair Corr
0.64	VZ	Verizon Communications	Pair Corr
0.8	KO	Coca Cola Aggressive Push	Pair Corr
0.85	PG	Procter Gamble	Pair Corr
0.78	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.65	INTC	Intel Aggressive Push	Pair Corr
0.82	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.92	DD	Dupont De Nemours	Pair Corr
0.79	JNJ	Johnson Johnson	Pair Corr

Moving against WisdomTree Etf

0.65	VUG	Vanguard Growth Index	Pair Corr
0.76	HPQ	HP Inc Sell-off Trend	Pair Corr
0.57	IBM	International Business	Pair Corr

Related Correlations Analysis

	DEM	DXJ	IYF	XT	CALF	IMTM	EWC	FEZ	FMDE	FV
DEM		0.94	-0.51	0.67	0.72	0.93	0.87	0.75	0.64	0.47	DEM
DXJ	0.94		-0.53	0.55	0.75	0.87	0.85	0.67	0.63	0.36	DXJ
IYF	-0.51	-0.53		0.11	0.01	-0.2	-0.54	0.14	0.13	0.36	IYF
XT	0.67	0.55	0.11		0.69	0.84	0.59	0.87	0.85	0.89	XT
CALF	0.72	0.75	0.01	0.69		0.81	0.59	0.78	0.8	0.59	CALF
IMTM	0.93	0.87	-0.2	0.84	0.81		0.8	0.92	0.81	0.71	IMTM
EWC	0.87	0.85	-0.54	0.59	0.59	0.8		0.56	0.68	0.37	EWC
FEZ	0.75	0.67	0.14	0.87	0.78	0.92	0.56		0.81	0.8	FEZ
FMDE	0.64	0.63	0.13	0.85	0.8	0.81	0.68	0.81		0.8	FMDE
FV	0.47	0.36	0.36	0.89	0.59	0.71	0.37	0.8	0.8		FV
	DEM	DXJ	IYF	XT	CALF	IMTM	EWC	FEZ	FMDE	FV

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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

DXJ	+ 0.94	DEM
IMTM	+ 0.93	DEM
FEZ	+ 0.92	IMTM
FV	+ 0.89	XT
EWC	+ 0.87	DEM
IMTM	+ 0.87	DXJ

High negative correlations

EWC	- 0.54	IYF
IYF	- 0.53	DXJ
IYF	- 0.51	DEM
IMTM	- 0.2	IYF

WisdomTree MidCap Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree MidCap 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 MidCap'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
DEM	0.61	0.10	0.15	0.13	0.77	-0.68	1.25	-1.49	4.58
DXJ	0.85	0.19	0.15	0.17	1.12	-0.86	2.13	-1.95	7.25
IYF	0.79	-0.08	0.00	-0.12	0.00	0.00	1.27	-1.86	5.34
XT	0.74	0.01	0.00	-0.03	0.00	0.00	1.31	-1.62	4.52
CALF	0.69	0.02	0.00	-0.02	0.00	0.00	1.48	-1.29	4.81
IMTM	0.84	0.06	0.04	0.02	1.32	-0.76	1.75	-1.98	6.47
EWC	0.71	0.10	0.09	0.09	1.17	-0.65	1.24	-1.58	5.25
FEZ	0.80	0.00	0.00	-0.04	0.00	0.00	1.45	-1.94	5.33
FMDE	0.66	0.02	0.00	-0.03	0.00	0.00	1.41	-1.43	4.29
FV	0.89	0.00	0.00	-0.04	0.00	0.00	1.58	-2.12	5.53

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