WisdomTree Managed Correlations

WTMF Etf

USD 38.27 0.20 0.52%

The current 90-days correlation between WisdomTree Managed and Matthews Emerging Markets is 0.63 (i.e., Poor diversification). The correlation of WisdomTree Managed 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 Managed Correlation With Market

Poor diversification

The correlation between WisdomTree Managed Futures and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Managed Futures and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WisdomTree Etf

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WisdomTree Managed Futures. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with WisdomTree Etf

0.91	DBMF	iMGP DBi Managed	Pair Corr
0.63	JNUG	Direxion Daily Junior	Pair Corr
0.8	MUU	Direxion Daily MU Trending	Pair Corr
0.61	NUGT	Direxion Daily Gold	Pair Corr
0.8	MULL	GraniteShares 2x Long Trending	Pair Corr
0.79	AGQ	ProShares Ultra Silver	Pair Corr
0.63	KORU	Direxion Daily South Trending	Pair Corr
0.76	GDMN	WisdomTree Efficient Gold	Pair Corr
0.77	SHNY	Microsectors Gold	Pair Corr
0.85	IAU	iShares Gold Trust	Pair Corr
0.67	FROG	Jfrog	Pair Corr
0.79	SFTY	Horizon Funds Horizon	Pair Corr
0.88	DFAX	Dimensional World	Pair Corr
0.86	FTBI	First Trust Exchange	Pair Corr
0.76	MYCL	SPDR SSGA My2032	Pair Corr
0.69	QQQ	Invesco QQQ Trust	Pair Corr
0.91	AJUL	Innovator Equity Defined	Pair Corr
0.89	ZJAN	Innovator Equity Defined	Pair Corr
0.75	QQJG	Invesco ESG NASDAQ	Pair Corr
0.86	ITDJ	iShares Trust	Pair Corr
0.7	SCMB	Schwab Municipal Bond	Pair Corr
0.66	SIXS	6 Meridian Small	Pair Corr
0.9	APRT	AllianzIM Large Cap	Pair Corr
0.75	CANC	Tema Oncology ETF	Pair Corr
0.68	EQRR	ProShares Equities for	Pair Corr
0.79	JNK	SPDR Bloomberg High	Pair Corr

Moving against WisdomTree Etf

0.38

CTA

Simplify Managed Futures

Pair Corr

Related Correlations Analysis

	MEMS	JLQD	GSIB	NSI	GYLD	PJFM	PJIO	NVDD	DYFI	MLPD
MEMS		-0.1	-0.47	0.26	-0.28	-0.41	0.68	-0.67	-0.23	-0.52	MEMS
JLQD	-0.1		0.4	0.58	0.41	0.49	-0.22	-0.03	0.6	-0.1	JLQD
GSIB	-0.47	0.4		0.6	0.88	0.91	-0.56	0.1	0.72	0.65	GSIB
NSI	0.26	0.58	0.6		0.58	0.6	-0.08	-0.54	0.48	0.06	NSI
GYLD	-0.28	0.41	0.88	0.58		0.84	-0.4	0.11	0.73	0.58	GYLD
PJFM	-0.41	0.49	0.91	0.6	0.84		-0.35	0.16	0.83	0.67	PJFM
PJIO	0.68	-0.22	-0.56	-0.08	-0.4	-0.35		-0.34	-0.18	-0.33	PJIO
NVDD	-0.67	-0.03	0.1	-0.54	0.11	0.16	-0.34		0.18	0.43	NVDD
DYFI	-0.23	0.6	0.72	0.48	0.73	0.83	-0.18	0.18		0.57	DYFI
MLPD	-0.52	-0.1	0.65	0.06	0.58	0.67	-0.33	0.43	0.57		MLPD
	MEMS	JLQD	GSIB	NSI	GYLD	PJFM	PJIO	NVDD	DYFI	MLPD

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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

PJFM	+ 0.91	GSIB
GYLD	+ 0.88	GSIB
PJFM	+ 0.84	GYLD
DYFI	+ 0.83	PJFM
DYFI	+ 0.73	GYLD
DYFI	+ 0.72	GSIB

High negative correlations

NVDD	- 0.67	MEMS
PJIO	- 0.56	GSIB
NVDD	- 0.54	NSI
MLPD	- 0.52	MEMS
GSIB	- 0.47	MEMS
PJFM	- 0.41	MEMS

WisdomTree Managed Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Managed 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 Managed'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
MEMS	0.78	(0.11)	0.00	(0.05)	0.00	0.00	1.64	(1.48)	4.43
JLQD	0.14	0.00	(0.33)	0.12	0.08	(0.16)	0.26	(0.26)	0.76
GSIB	0.72	0.10	0.11	0.17	0.70	(0.81)	1.61	(1.24)	3.96
NSI	0.73	0.01	0.00	0.08	0.98	(0.73)	1.51	(1.41)	4.83
GYLD	0.49	0.00	(0.09)	0.09	0.59	(0.52)	1.13	(1.08)	3.25
PJFM	0.70	0.00	(0.01)	0.07	0.86	(0.74)	1.43	(1.54)	3.80
PJIO	0.73	(0.13)	0.00	(0.06)	0.00	0.00	1.33	(1.79)	4.29
NVDD	1.82	(0.05)	0.00	0.13	0.00	0.00	3.74	(3.06)	10.72
DYFI	0.10	(0.01)	(0.49)	0.00	0.08	(0.11)	0.18	(0.22)	0.52
MLPD	0.37	(0.01)	(0.09)	0.04	0.65	(0.32)	0.70	(1.10)	2.33

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