Correlation Between SPDR Portfolio and WisdomTree Emerging
Is diversification improved when SPDR Portfolio Emerging and WisdomTree Emerging Markets appear in the same portfolio? The view summarizes correlation to explain the diversifiable risk of holding SPDR Portfolio Emerging and WisdomTree Emerging Markets together.
Correlation trends for SPDR Portfolio Emerging and WisdomTree Emerging Markets show when the pair behaves defensively and when it becomes directional. You can also test a long SPDR Portfolio and short WisdomTree Emerging structure to evaluate relative-value behavior. Review volatility patterns in SPDR Portfolio and WisdomTree Emerging. Go to your portfolio center
Diversification Opportunities for SPDR Portfolio and WisdomTree Emerging
0.92 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between SPDR and WisdomTree is 0.92. Overlapping area represents the amount of risk that can be diversified away by holding SPDR Portfolio Emerging and WisdomTree Emerging Markets in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on WisdomTree Emerging and SPDR Portfolio 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 SPDR Portfolio Emerging are associated (or correlated) with WisdomTree Emerging. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of WisdomTree Emerging has no effect on the direction of SPDR Portfolio i.e., SPDR Portfolio and WisdomTree Emerging go up and down completely randomly.
Pair Corralation between SPDR Portfolio and WisdomTree Emerging
Given the investment horizon of 90 days SPDR Portfolio is expected to generate 1.96 times less return on investment than WisdomTree Emerging. In addition to that, SPDR Portfolio is 1.25 times more volatile than WisdomTree Emerging Markets. It trades about 0.05 of its total potential returns per unit of risk. WisdomTree Emerging Markets is currently generating about 0.12 per unit of volatility. If you had invested $ 4,599 in WisdomTree Emerging Markets on December 16, 2025 and sold it today you would have earned a total of $ 269.00 from holding WisdomTree Emerging Markets or generated 5.85% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
SPDR Portfolio Emerging vs. WisdomTree Emerging Markets
Performance |
| Timeline |
| SPDR Portfolio Emerging |
Risk-Adjusted Performance
Soft
Weak | Strong |
| WisdomTree Emerging |
Risk-Adjusted Performance
Moderate
Weak | Strong |
SPDR Portfolio and WisdomTree Emerging Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with SPDR Portfolio and WisdomTree Emerging
A paired position in SPDR Portfolio and WisdomTree Emerging is useful when investors want a more relative-value expression than a simple directional trade. This is most useful when the two securities share economic drivers but still create room for relative-performance divergence.| SPDR Portfolio vs. SPDR Russell Small | SPDR Portfolio vs. Vanguard Financials Index | SPDR Portfolio vs. iShares Russell 2000 | SPDR Portfolio vs. Goldman Sachs ActiveBeta |
| WisdomTree Emerging vs. WisdomTree MidCap Dividend | WisdomTree Emerging vs. iShares Home Construction | WisdomTree Emerging vs. iShares MSCI All | WisdomTree Emerging vs. WisdomTree India Earnings |
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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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