Correlation Between WisdomTree International and SPDR EURO
Does pairing WisdomTree International MidCap with SPDR EURO STOXX lower idiosyncratic risk? This module highlights the diversifiable risk of combining WisdomTree International MidCap and SPDR EURO STOXX and frames portfolio overlap.
Cross-correlation between WisdomTree International MidCap and SPDR EURO STOXX helps estimate portfolio overlap before combining both positions. You can also test a long WisdomTree International and short SPDR EURO structure to evaluate relative-value behavior. Review volatility patterns in WisdomTree International and SPDR EURO. Go to your portfolio center
Diversification Opportunities for WisdomTree International and SPDR EURO
0.85 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between WisdomTree and SPDR is 0.85. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree International MidCa and SPDR EURO STOXX in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SPDR EURO STOXX and WisdomTree International 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 International MidCap are associated (or correlated) with SPDR EURO. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SPDR EURO STOXX has no effect on the direction of WisdomTree International i.e., WisdomTree International and SPDR EURO go up and down completely randomly.
Pair Corralation between WisdomTree International and SPDR EURO
Considering the 90-day investment horizon WisdomTree International MidCap is expected to generate 0.78 times more return on investment than SPDR EURO. However, WisdomTree International MidCap is 1.28 times less risky than SPDR EURO. It trades about 0.12 of its potential returns per unit of risk. SPDR EURO STOXX is currently generating about -0.01 per unit of risk. If you had invested $ 7,944 in WisdomTree International MidCap on December 11, 2025 and sold it today you would have earned a total of $ 471.00 from holding WisdomTree International MidCap or generated 5.93% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
WisdomTree International MidCa vs. SPDR EURO STOXX
Performance |
| Timeline |
| WisdomTree International |
Risk-Adjusted Performance
Moderate
Weak | Strong |
| SPDR EURO STOXX |
Risk-Adjusted Performance
Weak
Weak | Strong |
WisdomTree International and SPDR EURO Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with WisdomTree International and SPDR EURO
Pair trading between WisdomTree International and SPDR EURO can reduce some unsystematic risk by balancing one position against another. Used correctly, the structure can help offset losses in one leg when unexpected sector or market pressure hits both names.| SPDR EURO vs. WisdomTree MidCap Dividend | SPDR EURO vs. SPDR SAMPP 600 | SPDR EURO vs. First Trust Dorsey | SPDR EURO vs. Vanguard Materials Index |
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 Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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