WisdomTree International Correlations

IHDG Etf

USD 50.39 0.79 1.59%

The current 90-days correlation between WisdomTree International and WisdomTree Emerging Markets is 0.64 (i.e., Poor diversification). The correlation of WisdomTree International 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.

WisdomTree International Correlation With Market

Poor diversification

The correlation between WisdomTree International Hedge and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree International Hedge and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WisdomTree Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in WisdomTree International Hedged. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with WisdomTree Etf

0.87	EFG	iShares MSCI EAFE	Pair Corr
0.95	VIGI	Vanguard International	Pair Corr
0.94	GRIN	VictoryShares International	Pair Corr
0.88	CGXU	Capital Group Intern	Pair Corr
0.92	DNL	WisdomTree Global	Pair Corr
0.81	FPXI	First Trust International	Pair Corr
0.98	IQDG	WisdomTree International	Pair Corr
0.94	PIZ	Invesco DWA Developed	Pair Corr
0.98	IDHQ	Invesco SP International	Pair Corr
0.92	GDXU	MicroSectors Gold Miners	Pair Corr
0.92	MUU	Direxion Daily MU Trending	Pair Corr
0.93	MULL	GraniteShares 2x Long Trending	Pair Corr
0.86	KORU	Direxion Daily South Upward Rally	Pair Corr
0.92	JNUG	Direxion Daily Junior	Pair Corr
0.74	AGQ	ProShares Ultra Silver	Pair Corr
0.92	NUGT	Direxion Daily Gold	Pair Corr
0.76	GDMN	WisdomTree Efficient Gold Low Volatility	Pair Corr
0.93	DYLG	Global X Funds	Pair Corr
0.87	OMFS	Oppenheimer Russell 2000 Low Volatility	Pair Corr
0.94	SCHD	Schwab Dividend Equity	Pair Corr
0.75	SLV	iShares Silver Trust Aggressive Push	Pair Corr
0.81	MEM	MAYBANK EMERGING ETF	Pair Corr
0.83	PQJL	PGIM Nasdaq 100	Pair Corr
0.91	GQI	Natixis ETF Trust	Pair Corr
0.63	FUSI	American Century ETF	Pair Corr
0.7	JEPI	JPMorgan Equity Premium	Pair Corr
0.84	SETM	Sprott Energy Transition	Pair Corr
0.78	SOXL	Direxion Daily Semic Buyout Trend	Pair Corr
0.97	DDX	Defined Duration Symbol Change	Pair Corr
0.65	SMH	VanEck Semiconductor ETF	Pair Corr
0.78	VXUS	Vanguard Total Inter	Pair Corr
0.89	URTH	iShares MSCI World	Pair Corr
0.96	FIVA	Fidelity International	Pair Corr

Related Correlations Analysis

	XSOE	SMLF	SILJ	MDYV	MDYG	FALAX	DCOR	FXO	IEV	SNPE
XSOE		0.78	0.68	0.69	0.82	-0.52	0.75	0.46	0.78	0.72	XSOE
SMLF	0.78		0.88	0.97	0.99	-0.59	0.96	0.81	0.91	0.89	SMLF
SILJ	0.68	0.88		0.94	0.91	-0.38	0.86	0.86	0.93	0.77	SILJ
MDYV	0.69	0.97	0.94		0.96	-0.5	0.94	0.9	0.94	0.86	MDYV
MDYG	0.82	0.99	0.91	0.96		-0.58	0.95	0.8	0.92	0.87	MDYG
FALAX	-0.52	-0.59	-0.38	-0.5	-0.58		-0.57	-0.45	-0.52	-0.55	FALAX
DCOR	0.75	0.96	0.86	0.94	0.95	-0.57		0.87	0.92	0.95	DCOR
FXO	0.46	0.81	0.86	0.9	0.8	-0.45	0.87		0.88	0.78	FXO
IEV	0.78	0.91	0.93	0.94	0.92	-0.52	0.92	0.88		0.87	IEV
SNPE	0.72	0.89	0.77	0.86	0.87	-0.55	0.95	0.78	0.87		SNPE
	XSOE	SMLF	SILJ	MDYV	MDYG	FALAX	DCOR	FXO	IEV	SNPE

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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

MDYG	+ 0.99	SMLF
MDYV	+ 0.97	SMLF
DCOR	+ 0.96	SMLF
MDYG	+ 0.96	MDYV
DCOR	+ 0.95	MDYG
SNPE	+ 0.95	DCOR

High negative correlations

FALAX	- 0.59	SMLF
FALAX	- 0.58	MDYG
DCOR	- 0.57	FALAX
SNPE	- 0.55	FALAX
IEV	- 0.52	FALAX
FALAX	- 0.52	XSOE

WisdomTree International Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree International 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 International'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
XSOE	0.66	0.03	0.01	0.14	0.66	(0.73)	1.40	(1.26)	3.81
SMLF	0.84	0.00	0.01	0.10	0.96	(0.87)	1.85	(1.86)	4.02
SILJ	2.35	0.63	0.28	0.58	1.92	(2.93)	5.79	(3.52)	11.63
MDYV	0.73	0.03	0.03	0.12	0.71	(0.82)	1.83	(1.33)	4.29
MDYG	0.80	0.02	0.02	0.11	0.85	(0.91)	1.70	(1.60)	3.81
FALAX	0.35	(0.04)	0.00	(7.12)	0.00	0.00	1.14	(1.36)	3.17
DCOR	0.57	(0.02)	(0.04)	0.07	0.72	(0.60)	1.27	(1.27)	3.23
FXO	0.72	0.03	0.03	0.13	0.76	(0.79)	1.68	(1.34)	4.04
IEV	0.62	0.03	0.01	0.13	0.56	(0.69)	1.29	(1.00)	3.21
SNPE	0.53	(0.02)	(0.06)	0.07	0.68	(0.53)	1.21	(1.02)	3.72

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