Correlation Between IShares SMIM and WisdomTree Physical
Does pairing iShares SMIM ETF with WisdomTree Physical Bitcoin lower idiosyncratic risk? The view summarizes correlation to explain the diversifiable risk of holding iShares SMIM ETF and WisdomTree Physical Bitcoin together.
Review iShares SMIM ETF against WisdomTree Physical Bitcoin to separate temporary co-movement from persistent structural correlation. You can also test a long IShares SMIM and short WisdomTree Physical structure to evaluate relative-value behavior. Review volatility patterns in IShares SMIM and WisdomTree Physical. Go to your portfolio center
Diversification Opportunities for IShares SMIM and WisdomTree Physical
-0.69 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between IShares and WisdomTree is -0.69. Overlapping area represents the amount of risk that can be diversified away by holding iShares SMIM ETF and WisdomTree Physical Bitcoin in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on WisdomTree Physical and IShares SMIM is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on iShares SMIM ETF are associated (or correlated) with WisdomTree Physical. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of WisdomTree Physical has no effect on the direction of IShares SMIM i.e., IShares SMIM and WisdomTree Physical go up and down completely randomly.
Pair Corralation between IShares SMIM and WisdomTree Physical
Assuming the 90-day trading horizon IShares SMIM is expected to generate 65.87 times less return on investment than WisdomTree Physical. But when comparing it to its historical volatility, iShares SMIM ETF is 7.83 times less risky than WisdomTree Physical. It trades about 0.01 of its potential returns per unit of risk. WisdomTree Physical Bitcoin is currently generating about 0.04 of returns per unit of risk over similar time horizon. If you had invested ₣ 1,652 in WisdomTree Physical Bitcoin on December 17, 2025 and sold it today you would have earned a total of ₣ 98.00 from holding WisdomTree Physical Bitcoin or generated 5.93% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
iShares SMIM ETF vs. WisdomTree Physical Bitcoin
Performance |
| Timeline |
| iShares SMIM ETF |
Risk-Adjusted Performance
Weak
Weak | Strong |
| WisdomTree Physical |
Risk-Adjusted Performance
Mild
Weak | Strong |
IShares SMIM and WisdomTree Physical Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with IShares SMIM and WisdomTree Physical
A paired position in IShares SMIM and WisdomTree Physical is useful when investors want a more relative-value expression than a simple directional trade. The stronger process checks whether the correlation is stable enough to justify the hedge logic before the trade is sized.| IShares SMIM vs. iShares Euro Dividend | IShares SMIM vs. iShares UK Dividend | IShares SMIM vs. iShares SAMPP 500 | IShares SMIM vs. iShares SLI ETF |
| WisdomTree Physical vs. iShares UK Dividend | WisdomTree Physical vs. iShares SMIM ETF | WisdomTree Physical vs. iShares Euro Dividend | WisdomTree Physical vs. Lyxor DAX UCITS |
Go to your portfolio centerThe analysis presented here should support, not replace, the broader process of selecting and combining portfolio holdings. The practical goal is to improve the mix of assets already under consideration. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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