Correlation Between WisdomTree India and ProShares MSCI
Does pairing WisdomTree India Hedged with ProShares MSCI Emerging lower idiosyncratic risk? Use this page to interpret how WisdomTree India Hedged and ProShares MSCI Emerging interact and how much diversifiable risk remains.
Use this page to test whether WisdomTree India Hedged and ProShares MSCI Emerging provide true diversification or mostly duplicate risk. You can also test a long WisdomTree India and short ProShares MSCI structure to evaluate relative-value behavior. Review volatility patterns in WisdomTree India and ProShares MSCI. Go to your portfolio center
Diversification Opportunities for WisdomTree India and ProShares MSCI
0.57 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between WisdomTree and ProShares is 0.57. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree India Hedged and ProShares MSCI Emerging in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ProShares MSCI Emerging and WisdomTree India 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 India Hedged are associated (or correlated) with ProShares MSCI. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ProShares MSCI Emerging has no effect on the direction of WisdomTree India i.e., WisdomTree India and ProShares MSCI go up and down completely randomly.
Pair Corralation between WisdomTree India and ProShares MSCI
Given the investment horizon of 90 days WisdomTree India Hedged is expected to under-perform the ProShares MSCI. In addition to that, WisdomTree India is 1.13 times more volatile than ProShares MSCI Emerging. It trades about -0.17 of its total potential returns per unit of risk. ProShares MSCI Emerging is currently generating about -0.04 per unit of volatility. If you had invested $ 4,653 in ProShares MSCI Emerging on December 15, 2025 and sold it today you would have lost $ 91.00 from holding ProShares MSCI Emerging or given up 1.96% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
WisdomTree India Hedged vs. ProShares MSCI Emerging
Performance |
| Timeline |
| WisdomTree India Hedged |
Risk-Adjusted Performance
Weak
Weak | Strong |
| ProShares MSCI Emerging |
Risk-Adjusted Performance
Weak
Weak | Strong |
WisdomTree India and ProShares MSCI Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with WisdomTree India and ProShares MSCI
A paired position in WisdomTree India and ProShares MSCI is useful when investors want a more relative-value expression than a simple directional trade. The objective is to profit from relative movement while reducing dependence on the market's overall direction.| WisdomTree India vs. Nuveen Sustainable Core | WisdomTree India vs. MicroSectors Solactive FANG | WisdomTree India vs. iShares ESG Aware | WisdomTree India vs. Exchange Listed Funds |
| ProShares MSCI vs. ProShares MSCI Europe | ProShares MSCI vs. JPMorgan Fundamental Data | ProShares MSCI vs. SPDR SAMPP SmallCap | ProShares MSCI vs. iShares ESG MSCI |
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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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