WisdomTree Treasuries Correlations

3TYS Etf

7,540 52.50 0.69%

The current 90-days correlation between WisdomTree Treasuries 10Y and Leverage Shares 3x is -0.12 (i.e., Good diversification). The correlation of WisdomTree Treasuries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

WisdomTree Treasuries Correlation With Market

Good diversification

The correlation between WisdomTree Treasuries 10Y and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Treasuries 10Y and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to WisdomTree Treasuries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WisdomTree Treasuries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back WisdomTree Treasuries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling WisdomTree Treasuries 10Y to buy it.

Moving against WisdomTree Etf

0.54	SWDA	iShares Core MSCI	Pair Corr
0.48	BOTZ	Global X Robotics	Pair Corr
0.45	3LRR	GraniteShares 3x Long	Pair Corr
0.45	JRXE	JPM AC Asia	Pair Corr
0.41	BRNL	LEVERAGE SHARES PUBLIC	Pair Corr
0.4	TSM3	Leverage Shares 3x	Pair Corr
0.37	XPXJ	db x trackers	Pair Corr
0.35	FLQA	Franklin FTSE Asia	Pair Corr
0.33	WNRG	SPDR MSCI World	Pair Corr
0.31	ENGB	UBS AG UBS	Pair Corr
0.31	MINE	iShares Copper Miners	Pair Corr
0.44	U37H	Lyxor Treasury 3	Pair Corr
0.43	AUGA	UBS ETF plc	Pair Corr
0.41	GLDE	IncomeShares Gold Yield	Pair Corr
0.41	3BRL	WisdomTree Brent Crude	Pair Corr
0.4	EUN	iShares STOXX Europe	Pair Corr
0.39	PSRW	Invesco FTSE RAFI	Pair Corr
0.39	GOLB	Market Access NYSE	Pair Corr
0.38	CPJ1	iShares VII PLC	Pair Corr
0.38	DJMC	iShares EURO STOXX	Pair Corr
0.37	TGGD	Tabula GCC Sovereign	Pair Corr
0.37	TDGB	VanEck Morningstar	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.09	-0.11	-0.05	0.14	-0.2	-0.05	0.11	-0.01	0.15	META
MSFT	-0.09		0.84	-0.59	-0.87	0.84	0.94	0.44	-0.92	-0.95	MSFT
UBER	-0.11	0.84		-0.54	-0.77	0.87	0.77	0.27	-0.82	-0.83	UBER
F	-0.05	-0.59	-0.54		0.35	-0.46	-0.5	-0.19	0.64	0.59	F
T	0.14	-0.87	-0.77	0.35		-0.76	-0.85	-0.37	0.79	0.8	T
A	-0.2	0.84	0.87	-0.46	-0.76		0.75	0.44	-0.77	-0.86	A
CRM	-0.05	0.94	0.77	-0.5	-0.85	0.75		0.58	-0.86	-0.93	CRM
JPM	0.11	0.44	0.27	-0.19	-0.37	0.44	0.58		-0.29	-0.47	JPM
MRK	-0.01	-0.92	-0.82	0.64	0.79	-0.77	-0.86	-0.29		0.93	MRK
XOM	0.15	-0.95	-0.83	0.59	0.8	-0.86	-0.93	-0.47	0.93		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CRM	+ 0.94	MSFT
XOM	+ 0.93	MRK
A	+ 0.87	UBER
UBER	+ 0.84	MSFT
A	+ 0.84	MSFT
XOM	+ 0.8	T

High negative correlations

XOM	- 0.95	MSFT
XOM	- 0.93	CRM
MRK	- 0.92	MSFT
T	- 0.87	MSFT
MRK	- 0.86	CRM
XOM	- 0.86	A

WisdomTree Treasuries Competition Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Treasuries ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze WisdomTree Treasuries' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
META	1.47	0.07	0.03	0.12	1.58	(1.57)	2.38	(2.81)	13.69
MSFT	1.33	(0.28)	0.00	(0.60)	0.00	0.00	2.19	(2.87)	13.28
UBER	1.55	(0.17)	0.00	(0.34)	0.00	0.00	2.70	(3.82)	11.09
F	1.31	(0.03)	0.00	1.61	0.00	0.00	3.61	(2.59)	9.82
T	1.07	0.20	0.14	(0.72)	0.94	(1.26)	3.87	(1.76)	7.44
A	1.22	(0.40)	0.00	(0.38)	0.00	0.00	2.48	(2.73)	7.20
CRM	1.78	(0.27)	0.00	(0.21)	0.00	0.00	3.66	(4.75)	12.37
JPM	1.25	(0.09)	0.00	(0.02)	0.00	0.00	2.34	(3.11)	8.17
MRK	1.20	0.21	0.13	0.55	1.27	(1.26)	2.54	(2.06)	7.10
XOM	1.34	0.41	0.26	3.02	1.14	(1.59)	2.90	(2.44)	6.83

Be your own money manager

Our tools can tell you how much better you can do entering a position in WisdomTree Treasuries without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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