Correlation Between Global X and WisdomTree Japan
Return interaction between Global X Uranium and WisdomTree Japan Hedged indicates how closely their price movements are linked. The relationship is expressed in terms of diversifiable risk within a combined setting. The value is derived from historical price or return data across available periods.
This page measures how tightly Global X Uranium and WisdomTree Japan Hedged returns move together and where diversification can still help. The interaction is relevant when allocating capital to both in the same strategy. Pair behavior can be examined further through a long Global X and short WisdomTree Japan test. Go to your portfolio center
Diversification Opportunities for Global X and WisdomTree Japan
0.23 | Correlation Coefficient |
Moderate diversification
The 3 months correlation between Global and WisdomTree is 0.23. Overlapping area represents the amount of risk that can be diversified away by holding Global X Uranium and WisdomTree Japan Hedged in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on WisdomTree Japan Hedged and Global X 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 Global X Uranium are associated (or correlated) with WisdomTree Japan. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of WisdomTree Japan Hedged has no effect on the direction of Global X i.e., Global X and WisdomTree Japan go up and down completely randomly.
Pair Corralation between Global X and WisdomTree Japan
Considering the 90-day investment horizon Global X is expected to generate 1.21 times less return on investment than WisdomTree Japan. In addition to that, Global X is 2.51 times more volatile than WisdomTree Japan Hedged. It trades about 0.07 of its total potential returns per unit of risk. WisdomTree Japan Hedged is currently generating about 0.21 per unit of volatility. If you had invested $ 4,604 in WisdomTree Japan Hedged on December 26, 2025 and sold it today you would have earned a total of $ 692.00 from holding WisdomTree Japan Hedged or generated 15.03% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 80.33% |
| Values | Daily Returns |
Global X Uranium vs. WisdomTree Japan Hedged
Performance |
| Timeline |
| Global X Uranium |
Risk-Adjusted Performance
Contained
Weak | Strong |
| WisdomTree Japan Hedged |
Risk-Adjusted Performance
Constructive
Weak | Strong |
Global X and WisdomTree Japan Volatility Contrast
Predicted Return Distribution |
| Density |
Pair Trading with Global X and WisdomTree Japan
A paired position in Global X and WisdomTree Japan 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.| Global X vs. Global X Defense | Global X vs. Schwab International Small Cap | Global X vs. iShares MSCI KLD | Global X vs. FlexShares Morningstar Global |
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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
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