Correlation Between WisdomTree Global and Invesco DWA
The pairing of WisdomTree Global High and Invesco DWA Emerging highlights how their return series behave together. This measure reflects the degree of diversifiable risk between the two instruments. This metric is based on observed return series over time.
This module compares WisdomTree Global High and Invesco DWA Emerging on return linkage, making pair-trade and hedge decisions easier to frame. This correlation context helps frame relative-value behavior between the pair. You can also test a long WisdomTree Global and short Invesco DWA structure to evaluate relative-value behavior. Volatility patterns for WisdomTree Global and Invesco DWA are available for review. Go to your portfolio center
Diversification Opportunities for WisdomTree Global and Invesco DWA
0.92 | Correlation Coefficient |
Minimal diversification benefit
The 3 months correlation between WisdomTree and Invesco is 0.92. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Global High and Invesco DWA Emerging in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Invesco DWA Emerging and WisdomTree Global 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 WisdomTree Global High are associated (or correlated) with Invesco DWA. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Invesco DWA Emerging has no effect on the direction of WisdomTree Global i.e., WisdomTree Global and Invesco DWA go up and down completely randomly.
Pair Corralation between WisdomTree Global and Invesco DWA
Considering the 90-day investment horizon WisdomTree Global is expected to generate 1.18 times less return on investment than Invesco DWA. But when comparing it to its historical volatility, WisdomTree Global High is 2.26 times less risky than Invesco DWA. It trades about 0.13 of its potential returns per unit of risk. Invesco DWA Emerging is currently generating about 0.07 of returns per unit of risk over similar time horizon. If you had invested $ 2,437 in Invesco DWA Emerging on December 25, 2025 and sold it today you would have earned a total of $ 147.00 from holding Invesco DWA Emerging or generated 6.03% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 98.36% |
| Values | Daily Returns |
WisdomTree Global High vs. Invesco DWA Emerging
Performance |
| Timeline |
| WisdomTree Global High |
Risk-Adjusted Performance
Moderate
Weak | Strong |
| Invesco DWA Emerging |
Risk-Adjusted Performance
Contained
Weak | Strong |
WisdomTree Global and Invesco DWA Volatility Contrast
Predicted Return Distribution |
| Density |
Pair Trading with WisdomTree Global and Invesco DWA
Pair trading between WisdomTree Global and Invesco DWA can reduce some unsystematic risk by balancing one position against another. This is most useful when the two securities share economic drivers but still create room for relative-performance divergence.| WisdomTree Global vs. iShares Oil Equipment | WisdomTree Global vs. iShares MSCI China | WisdomTree Global vs. Pacer Emerging Markets | WisdomTree Global vs. iShares MSCI Austria |
| Invesco DWA vs. WisdomTree Global High | Invesco DWA vs. TrueShares Active Yield | Invesco DWA vs. First Trust Multi | Invesco DWA vs. iShares MSCI China |
Go to your portfolio centerThe information on this page should be treated as a complementary input when building or adjusting a diversified portfolio. The stronger workflow is to validate these signals with other models before acting. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Other Complementary Tools
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |