WisdomTree Broad Correlations

AIGC Etf

13.45 0.19 1.43%

The current 90-days correlation between WisdomTree Broad Com and Vanguard FTSE Developed is -0.02 (i.e., Good diversification). The correlation of WisdomTree Broad 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 Broad Correlation With Market

Average diversification

The correlation between WisdomTree Broad Commodities and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Broad Commodities and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to WisdomTree Broad 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 Broad 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 Broad - 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 Broad Commodities to buy it.

Moving together with WisdomTree Etf

0.64	AASU	Amundi Index Solutions	Pair Corr
0.74	2GOO	Leverage Shares 2x	Pair Corr
0.83	BNKE	Lyxor EURO STOXX	Pair Corr
0.76	FLRK	Franklin FTSE Korea	Pair Corr
0.86	CBND	Goldman Sachs Access	Pair Corr
0.81	YIEL	Amundi EUR High	Pair Corr
0.88	FLXX	Franklin LibertyQ Global	Pair Corr
0.88	FEUZ	First Trust Eurozone	Pair Corr
0.85	COPP	HANETF ICAV SPROTT	Pair Corr
0.78	SPXE	Invesco SP 500	Pair Corr
0.72	PABE	Franklin MSCI Emerging	Pair Corr
0.86	RIEG	LG Europe ESG	Pair Corr
0.62	LCPE	Ossiam Shiller Barclays	Pair Corr
0.87	CMFP	Legal General UCITS	Pair Corr
0.69	ECGH	LEGAL GENERAL UCITS	Pair Corr
0.68	ACWL	Multi Units Luxembourg	Pair Corr
0.62	STPU	MULTI UNITS LUXEMBOURG	Pair Corr
0.77	3GDE	Leverage Shares 3x	Pair Corr
0.87	3SIL	WisdomTree Silver	Pair Corr
0.75	SAWD	iShares MSCI World	Pair Corr
0.81	AUCP	Legal General UCITS	Pair Corr
0.71	LEMD	Lyxor MSCI Emerging	Pair Corr
0.79	ACWD	SPDR MSCI ACWI	Pair Corr
0.64	JMBP	JPMorgan ETFs ICAV	Pair Corr

Moving against WisdomTree Etf

0.47

2AMD

Leverage Shares 2x

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.6	0.32	-0.39	0.24	-0.24	0.43	-0.19	-0.35	-0.43	META
MSFT	0.6		0.8	-0.55	0.48	0.06	0.13	-0.45	-0.84	-0.7	MSFT
UBER	0.32	0.8		-0.49	0.44	0.32	-0.14	-0.5	-0.81	-0.54	UBER
F	-0.39	-0.55	-0.49		-0.71	0.09	0.24	0.66	0.71	0.73	F
T	0.24	0.48	0.44	-0.71		0.32	-0.45	-0.6	-0.51	-0.64	T
A	-0.24	0.06	0.32	0.09	0.32		-0.5	-0.26	-0.06	-0.09	A
CRM	0.43	0.13	-0.14	0.24	-0.45	-0.5		0.52	0.11	0.02	CRM
JPM	-0.19	-0.45	-0.5	0.66	-0.6	-0.26	0.52		0.64	0.52	JPM
MRK	-0.35	-0.84	-0.81	0.71	-0.51	-0.06	0.11	0.64		0.79	MRK
XOM	-0.43	-0.7	-0.54	0.73	-0.64	-0.09	0.02	0.52	0.79		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

UBER	+ 0.8	MSFT
XOM	+ 0.79	MRK
XOM	+ 0.73	F
MRK	+ 0.71	F
JPM	+ 0.66	F
MRK	+ 0.64	JPM

High negative correlations

MRK	- 0.84	MSFT
MRK	- 0.81	UBER
T	- 0.71	F
XOM	- 0.7	MSFT
XOM	- 0.64	T
JPM	- 0.6	T

WisdomTree Broad Competition Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Broad 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 Broad's 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	1.32	(0.28)	0.00	(0.20)	0.00	0.00	2.30	(2.67)	13.46
MSFT	0.94	(0.21)	0.00	(0.38)	0.00	0.00	1.65	(2.50)	4.90
UBER	1.46	(0.23)	0.00	(0.17)	0.00	0.00	2.60	(3.82)	10.23
F	1.42	0.13	0.12	0.18	1.27	(1.72)	3.38	(2.35)	16.30
T	0.89	(0.18)	0.00	(0.42)	0.00	0.00	1.53	(1.85)	4.30
A	1.14	(0.09)	(0.05)	0.02	1.39	(1.20)	2.34	(2.22)	6.50
CRM	1.57	(0.16)	0.00	(0.06)	0.00	0.00	3.66	(2.92)	12.37
JPM	1.12	(0.07)	(0.02)	0.04	1.59	(1.13)	2.00	(2.34)	7.38
MRK	1.23	0.32	0.23	0.44	1.01	(1.55)	3.59	(1.98)	8.09
XOM	1.07	0.23	0.12	2.92	0.98	(1.24)	2.37	(1.51)	5.82

Be your own money manager

Our tools can tell you how much better you can do entering a position in WisdomTree Broad 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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