WisdomTree Yield Correlations

SHAG Etf

USD 48.02 0.02 0.04%

The current 90-days correlation between WisdomTree Yield Enhanced and WisdomTree Interest Rate is 0.3 (i.e., Weak diversification). The correlation of WisdomTree Yield 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.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in WisdomTree Yield Enhanced. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with WisdomTree Etf

1.0	BSV	Vanguard Short Term	Pair Corr
0.97	IGSB	iShares 1 5	Pair Corr
0.99	SPSB	SPDR Barclays Short	Pair Corr
0.76	ISTB	iShares Core 1	Pair Corr
0.98	SLQD	iShares 0 5	Pair Corr
0.96	GVI	iShares Intermediate	Pair Corr
0.95	LDUR	PIMCO Enhanced Low	Pair Corr
0.78	SUSB	iShares ESG 1	Pair Corr
0.88	VTI	Vanguard Total Stock	Pair Corr
0.87	SPY	SPDR SP 500	Pair Corr
0.87	IVV	iShares Core SP	Pair Corr
0.96	BND	Vanguard Total Bond	Pair Corr
0.84	VTV	Vanguard Value Index	Pair Corr
0.85	VUG	Vanguard Growth Index	Pair Corr
0.88	VEA	Vanguard FTSE Developed	Pair Corr
0.69	VB	Vanguard Small Cap	Pair Corr
0.88	VWO	Vanguard FTSE Emerging	Pair Corr
0.85	SGDJ	Sprott Junior Gold	Pair Corr
0.93	YFYA	Listed Funds Trust	Pair Corr
0.86	VGT	Vanguard Information	Pair Corr
0.95	RVNU	Xtrackers Municipal	Pair Corr
0.9	XCEM	Columbia EM Core Potential Growth	Pair Corr
0.74	BAC	Bank of America	Pair Corr
0.77	AXP	American Express	Pair Corr
0.72	WMT	Walmart Earnings Call This Week	Pair Corr
0.63	XOM	Exxon Mobil Corp	Pair Corr
0.82	INTC	Intel	Pair Corr

Moving against WisdomTree Etf

0.83	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.76	T	ATT Inc Aggressive Push	Pair Corr
0.71	DIS	Walt Disney Sell-off Trend	Pair Corr
0.69	BA	Boeing	Pair Corr
0.69	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	AGZD	BAMU	SBND	HYXU	XTWY	JHCB	PAB	RSBT	BAMB	EMCB
AGZD		0.92	0.64	-0.03	0.81	0.77	0.73	0.93	0.55	0.9	AGZD
BAMU	0.92		0.58	-0.08	0.74	0.71	0.68	0.92	0.54	0.89	BAMU
SBND	0.64	0.58		0.25	0.76	0.78	0.78	0.71	0.67	0.73	SBND
HYXU	-0.03	-0.08	0.25		0.04	0.1	0.12	0.12	0.11	0.1	HYXU
XTWY	0.81	0.74	0.76	0.04		0.97	0.9	0.87	0.8	0.84	XTWY
JHCB	0.77	0.71	0.78	0.1	0.97		0.9	0.85	0.8	0.85	JHCB
PAB	0.73	0.68	0.78	0.12	0.9	0.9		0.82	0.95	0.79	PAB
RSBT	0.93	0.92	0.71	0.12	0.87	0.85	0.82		0.68	0.92	RSBT
BAMB	0.55	0.54	0.67	0.11	0.8	0.8	0.95	0.68		0.62	BAMB
EMCB	0.9	0.89	0.73	0.1	0.84	0.85	0.79	0.92	0.62		EMCB
	AGZD	BAMU	SBND	HYXU	XTWY	JHCB	PAB	RSBT	BAMB	EMCB

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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

JHCB	+ 0.97	XTWY
BAMB	+ 0.95	PAB
RSBT	+ 0.93	AGZD
BAMU	+ 0.92	AGZD
RSBT	+ 0.92	BAMU
EMCB	+ 0.92	RSBT

High negative correlations

HYXU	- 0.08	BAMU
HYXU	- 0.03	AGZD

WisdomTree Yield Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Yield 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 Yield'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
AGZD	0.13	0.01	(0.16)	(0.61)	0.10	(0.14)	0.27	(0.31)	0.85
BAMU	0.04	0.00	(0.68)	(0.30)	0.00	(0.05)	0.08	(0.08)	0.20
SBND	0.13	0.00	(0.20)	0.00	0.00	(0.17)	0.32	(0.21)	1.23
HYXU	0.34	0.01	(0.06)	0.12	0.40	(0.33)	0.79	(0.68)	2.08
XTWY	0.57	0.06	0.02	6.92	0.55	(0.63)	1.50	(0.97)	3.34
JHCB	0.20	0.01	(0.12)	0.13	0.15	(0.25)	0.47	(0.37)	1.12
PAB	0.17	0.02	(0.12)	2.66	0.00	(0.20)	0.37	(0.24)	0.99
RSBT	0.64	0.12	0.13	0.19	0.56	(0.71)	1.79	(1.22)	4.41
BAMB	0.17	0.01	(0.15)	4.53	0.13	(0.18)	0.41	(0.23)	1.09
EMCB	0.13	0.02	(0.17)	0.32	0.00	(0.16)	0.35	(0.25)	0.82

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