Correlation Between ProShares MSCI and WisdomTree India
Can any of the company-specific risk be diversified away by investing in both ProShares MSCI and WisdomTree India at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining ProShares MSCI and WisdomTree India into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between ProShares MSCI Emerging and WisdomTree India Hedged, you can compare the effects of market volatilities on ProShares MSCI and WisdomTree India and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in ProShares MSCI with a short position of WisdomTree India. Check out your portfolio center. Please also check ongoing floating volatility patterns of ProShares MSCI and WisdomTree India.
Diversification Opportunities for ProShares MSCI and WisdomTree India
-0.15 | Correlation Coefficient |
Good diversification
The 3 months correlation between ProShares and WisdomTree is -0.15. Overlapping area represents the amount of risk that can be diversified away by holding ProShares MSCI Emerging and WisdomTree India Hedged in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on WisdomTree India Hedged and ProShares MSCI 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 ProShares MSCI Emerging are associated (or correlated) with WisdomTree India. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of WisdomTree India Hedged has no effect on the direction of ProShares MSCI i.e., ProShares MSCI and WisdomTree India go up and down completely randomly.
Pair Corralation between ProShares MSCI and WisdomTree India
Given the investment horizon of 90 days ProShares MSCI Emerging is expected to generate 0.79 times more return on investment than WisdomTree India. However, ProShares MSCI Emerging is 1.26 times less risky than WisdomTree India. It trades about 0.17 of its potential returns per unit of risk. WisdomTree India Hedged is currently generating about -0.01 per unit of risk. If you would invest 4,599 in ProShares MSCI Emerging on November 21, 2025 and sell it today you would earn a total of 235.00 from holding ProShares MSCI Emerging or generate 5.11% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
ProShares MSCI Emerging vs. WisdomTree India Hedged
Performance |
| Timeline |
| ProShares MSCI Emerging |
| WisdomTree India Hedged |
ProShares MSCI and WisdomTree India Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with ProShares MSCI and WisdomTree India
The main advantage of trading using opposite ProShares MSCI and WisdomTree India positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if ProShares MSCI position performs unexpectedly, WisdomTree India can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in WisdomTree India will offset losses from the drop in WisdomTree India's long position.| ProShares MSCI vs. ProShares MSCI Europe | ProShares MSCI vs. JPMorgan Fundamental Data | ProShares MSCI vs. SPDR SP SmallCap | ProShares MSCI vs. iShares ESG MSCI |
| WisdomTree India vs. Nuveen Sustainable Core | WisdomTree India vs. MicroSectors Solactive FANG | WisdomTree India vs. iShares ESG Aware | WisdomTree India vs. Invesco ESG NASDAQ |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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