Correlation Between WisdomTree International and ProShares Russell
How much single-name risk can be diversified by combining WisdomTree International High and ProShares Russell 2000? Correlation context here helps quantify the diversifiable risk between WisdomTree International High and ProShares Russell 2000.
Study WisdomTree International High and ProShares Russell 2000 side by side to support cleaner diversification and timing decisions. You can also test a long WisdomTree International and short ProShares Russell structure to evaluate relative-value behavior. Review volatility patterns in WisdomTree International and ProShares Russell. Go to your portfolio center
Diversification Opportunities for WisdomTree International and ProShares Russell
0.9 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between WisdomTree and ProShares is 0.9. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree International High and ProShares Russell 2000 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ProShares Russell 2000 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 High are associated (or correlated) with ProShares Russell. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ProShares Russell 2000 has no effect on the direction of WisdomTree International i.e., WisdomTree International and ProShares Russell go up and down completely randomly.
Pair Corralation between WisdomTree International and ProShares Russell
Considering the 90-day investment horizon WisdomTree International High is expected to generate 0.92 times more return on investment than ProShares Russell. However, WisdomTree International High is 1.09 times less risky than ProShares Russell. It trades about 0.09 of its potential returns per unit of risk. ProShares Russell 2000 is currently generating about 0.01 per unit of risk. If you had invested $ 5,083 in WisdomTree International High on December 15, 2025 and sold it today you would have earned a total of $ 228.00 from holding WisdomTree International High or generated 4.49% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
WisdomTree International High vs. ProShares Russell 2000
Performance |
| Timeline |
| WisdomTree International |
Risk-Adjusted Performance
Moderate
Weak | Strong |
| ProShares Russell 2000 |
Risk-Adjusted Performance
Weak
Weak | Strong |
WisdomTree International and ProShares Russell Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with WisdomTree International and ProShares Russell
A paired position in WisdomTree International and ProShares Russell 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.| ProShares Russell vs. Avantis All Equity | ProShares Russell vs. WisdomTree SmallCap Earnings | ProShares Russell vs. iShares North American | ProShares Russell vs. Opus Small Cap |
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 Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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