Correlation Between WisdomTree Efficient and First Trust
How much single-name risk can be diversified by combining WisdomTree Efficient Gold and First Trust RBA? The view summarizes correlation to explain the diversifiable risk of holding WisdomTree Efficient Gold and First Trust RBA together.
Evaluate how WisdomTree Efficient Gold and First Trust RBA react to market stress to decide if the pair supports your risk target. You can also test a long WisdomTree Efficient and short First Trust structure to evaluate relative-value behavior. Review volatility patterns in WisdomTree Efficient and First Trust. Go to your portfolio center
Diversification Opportunities for WisdomTree Efficient and First Trust
0.23 | Correlation Coefficient |
Modest diversification
The 3 months correlation between WisdomTree and First is 0.23. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Efficient Gold and First Trust RBA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on First Trust RBA and WisdomTree Efficient 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 Efficient Gold are associated (or correlated) with First Trust. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of First Trust RBA has no effect on the direction of WisdomTree Efficient i.e., WisdomTree Efficient and First Trust go up and down completely randomly.
Pair Corralation between WisdomTree Efficient and First Trust
Given the investment horizon of 90 days WisdomTree Efficient Gold is expected to generate 4.39 times more return on investment than First Trust. However, WisdomTree Efficient is 4.39 times more volatile than First Trust RBA. It trades about 0.08 of its potential returns per unit of risk. First Trust RBA is currently generating about -0.04 per unit of risk. If you had invested $ 9,379 in WisdomTree Efficient Gold on December 17, 2025 and sold it today you would have earned a total of $ 1,800 from holding WisdomTree Efficient Gold or generated 19.19% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 98.36% |
| Values | Daily Returns |
WisdomTree Efficient Gold vs. First Trust RBA
Performance |
| Timeline |
| WisdomTree Efficient Gold |
Risk-Adjusted Performance
Contained
Weak | Strong |
| First Trust RBA |
Risk-Adjusted Performance
Weak
Weak | Strong |
WisdomTree Efficient and First Trust Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with WisdomTree Efficient and First Trust
Combining WisdomTree Efficient with First Trust in a pair setup can help isolate spread behavior from broader market movement. Used correctly, the structure can help offset losses in one leg when unexpected sector or market pressure hits both names.| WisdomTree Efficient vs. VanEck India Growth | WisdomTree Efficient vs. Exchange Listed Funds | WisdomTree Efficient vs. WisdomTree Global High | WisdomTree Efficient vs. iShares Genomics Immunology |
| First Trust vs. InfraCap Equity Income | First Trust vs. abrdn Focused Small | First Trust vs. KraneShares MSCI Emerging | First Trust vs. Cambria Value and |
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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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