WisdomTree Bitcoin Correlations

BTCW Etf

21.64 0.62 2.79%

The current 90-days correlation between WisdomTree Bitcoin and WisdomTree Physical Palladium is 0.13 (i.e., Average diversification). The correlation of WisdomTree Bitcoin 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 Bitcoin Correlation With Market

Modest diversification

The correlation between WisdomTree Bitcoin and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Bitcoin and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against WisdomTree Etf

0.64	IDVA	iShares EURO STOXX	Pair Corr
0.62	BNKT	iShares V PLC	Pair Corr
0.59	WHEA	SPDR MSCI World	Pair Corr
0.55	CYBU	iShares China CNY	Pair Corr
0.53	CNYB	iShares China CNY	Pair Corr
0.5	SLXU	iShares Core Corp	Pair Corr
0.5	CALF	Pacer Small Cap	Pair Corr
0.47	DIA	SPDR Dow Jones	Pair Corr
0.45	PHAG	WisdomTree Physical	Pair Corr
0.4	SXLC	SPDR SP Communication	Pair Corr
0.65	U13C	Lyxor Treasury 1	Pair Corr
0.53	GEDV	SPDR SP Global	Pair Corr
0.53	EXXY	iShares Diversified	Pair Corr
0.47	SAOT	iShares STOXX Europe	Pair Corr
0.42	JPSR	UBSFund Solutions MSCI	Pair Corr
0.41	SXLF	SSgA SPDR ETFs	Pair Corr
0.4	VHYL	Vanguard FTSE All	Pair Corr
0.33	SXLE	SSgA SPDR ETFs	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.61	0.31	-0.37	0.24	-0.18	0.47	-0.15	-0.35	-0.43	META
MSFT	0.61		0.8	-0.54	0.5	0.13	0.2	-0.4	-0.84	-0.72	MSFT
UBER	0.31	0.8		-0.47	0.43	0.37	-0.09	-0.47	-0.81	-0.53	UBER
F	-0.37	-0.54	-0.47		-0.69	0.03	0.21	0.66	0.7	0.69	F
T	0.24	0.5	0.43	-0.69		0.4	-0.36	-0.55	-0.51	-0.65	T
A	-0.18	0.13	0.37	0.03	0.4		-0.44	-0.25	-0.13	-0.19	A
CRM	0.47	0.2	-0.09	0.21	-0.36	-0.44		0.52	0.05	-0.09	CRM
JPM	-0.15	-0.4	-0.47	0.66	-0.55	-0.25	0.52		0.6	0.44	JPM
MRK	-0.35	-0.84	-0.81	0.7	-0.51	-0.13	0.05	0.6		0.78	MRK
XOM	-0.43	-0.72	-0.53	0.69	-0.65	-0.19	-0.09	0.44	0.78		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

Please upgrade your account to get full access to Macroaxis premium features

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	+ 0.78	MRK
MRK	+ 0.7	F
XOM	+ 0.69	F
JPM	+ 0.66	F
MSFT	+ 0.61	META

High negative correlations

MRK	- 0.84	MSFT
MRK	- 0.81	UBER
XOM	- 0.72	MSFT
T	- 0.69	F
XOM	- 0.65	T
JPM	- 0.55	T

WisdomTree Bitcoin Competition Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Bitcoin 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 Bitcoin'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	1.34	(0.31)	0.00	(0.25)	0.00	0.00	2.30	(2.67)	13.46
MSFT	0.96	(0.21)	0.00	(0.41)	0.00	0.00	1.65	(2.50)	4.90
UBER	1.47	(0.23)	0.00	(0.20)	0.00	0.00	2.60	(3.82)	10.23
F	1.44	0.12	0.10	0.15	1.33	(1.75)	3.38	(2.35)	16.30
T	0.89	(0.17)	0.00	(0.46)	0.00	0.00	1.53	(1.85)	4.30
A	1.16	(0.12)	0.00	(0.03)	0.00	0.00	2.34	(2.24)	7.85
CRM	1.59	(0.16)	0.00	(0.08)	0.00	0.00	3.66	(3.10)	12.37
JPM	1.16	(0.10)	(0.04)	0.00	1.73	(1.13)	2.00	(3.11)	7.38
MRK	1.22	0.37	0.27	0.53	1.01	(1.52)	3.59	(1.98)	8.09
XOM	1.06	0.24	0.15	4.24	0.98	(1.21)	2.37	(1.51)	5.82

WisdomTree Bitcoin Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with WisdomTree Bitcoin etf to make a market-neutral strategy. Peer analysis of WisdomTree Bitcoin could also be used in its relative valuation, which is a method of valuing WisdomTree Bitcoin by comparing valuation metrics with similar companies.

WisdomTree Physical Palladium WisdomTree Bitcoin WisdomTree Physical XRP WisdomTree Physical Platinum WisdomTree Physical Silver WisdomTree Physical Ethereum WisdomTree Physical CoinDesk WisdomTree Physical Gold American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC