WisdomTree Broad Correlations

COMX Etf

1,016 32.90 3.14%

The current 90-days correlation between WisdomTree Broad Com and WisdomTree Battery Solutions is -0.08 (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

Very weak diversification

The correlation between WisdomTree Broad Commodities and DJI is 0.55 (i.e., Very weak 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

0.81	2MU	Leverage Shares 2x	Pair Corr
0.71	TSM3	Leverage Shares 3x	Pair Corr
0.82	KOR3	Leverage Shares 3x	Pair Corr
0.73	3GOL	WisdomTree Gold 3x	Pair Corr
0.76	WNDU	SPDR MSCI World	Pair Corr
0.61	ASHR	Xtrackers Harvest CSI300	Pair Corr
0.8	AIGC	WisdomTree Broad Com	Pair Corr
0.78	HSEM	HSBC Emerging Market	Pair Corr
0.79	EMPR	Franklin Libertyshares	Pair Corr
0.63	IDFN	Invesco Markets II	Pair Corr
0.82	SDG9	Xtrackers MSCI Global	Pair Corr
0.76	VHYG	Vanguard FTSE All	Pair Corr
0.79	XMMD	Xtrackers MSCI	Pair Corr
0.8	SGQD	Lyxor SG Global	Pair Corr
0.83	OIGB	Vaneck Ucits Etfs	Pair Corr
0.79	SGQX	Lyxor SG Global	Pair Corr
0.68	XSNR	Xtrackers Stoxx	Pair Corr
0.7	LEMV	Ossiam Europe ESG	Pair Corr
0.63	XRES	Source Real Estate	Pair Corr
0.63	FWRA	Invesco FTSE All	Pair Corr
0.65	LDCU	PIMCO Low Duration	Pair Corr
0.71	HPRA	HSBC FTSE EPRA	Pair Corr
0.72	EUHD	PowerShares EURO STOXX	Pair Corr
0.64	ARMR	GLOBAL X ETFS	Pair Corr
0.77	EMAS	SSgA SPDR ETFs	Pair Corr
0.75	UIND	First Trust Equity	Pair Corr

Related Correlations Analysis

	ZINC	3BRL	LALU	WCOG	3GOS	LOIL	DGRG	AIGG	CHRG
ZINC		0.79	0.82	0.91	-0.94	0.8	0.16	-0.26	0.69	ZINC
3BRL	0.79		0.52	0.88	-0.8	1.0	0.28	0.21	0.55	3BRL
LALU	0.82	0.52		0.84	-0.81	0.54	0.12	-0.54	0.86	LALU
WCOG	0.91	0.88	0.84		-0.93	0.88	0.24	-0.16	0.83	WCOG
3GOS	-0.94	-0.8	-0.81	-0.93		-0.81	-0.16	0.26	-0.7	3GOS
LOIL	0.8	1.0	0.54	0.88	-0.81		0.25	0.18	0.55	LOIL
DGRG	0.16	0.28	0.12	0.24	-0.16	0.25		0.24	0.35	DGRG
AIGG	-0.26	0.21	-0.54	-0.16	0.26	0.18	0.24		-0.34	AIGG
CHRG	0.69	0.55	0.86	0.83	-0.7	0.55	0.35	-0.34		CHRG
	ZINC	3BRL	LALU	WCOG	3GOS	LOIL	DGRG	AIGG	CHRG

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

LOIL	+ 1.0	3BRL
WCOG	+ 0.91	ZINC
WCOG	+ 0.88	3BRL
LOIL	+ 0.88	WCOG
CHRG	+ 0.86	LALU
WCOG	+ 0.84	LALU

High negative correlations

3GOS	- 0.94	ZINC
3GOS	- 0.93	WCOG
LOIL	- 0.81	3GOS
3GOS	- 0.81	LALU
3GOS	- 0.8	3BRL
CHRG	- 0.7	3GOS

WisdomTree Broad Constituents 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
ZINC	1.04	0.20	0.10	1.64	1.06	(1.19)	2.25	(1.85)	6.87
3BRL	3.65	0.55	0.10	3.89	4.71	(3.80)	9.07	(7.09)	27.82
LALU	1.77	0.31	0.10	44.22	2.10	(1.90)	3.62	(2.80)	10.29
WCOG	0.72	0.15	0.08	(3.02)	0.79	(0.87)	1.67	(1.16)	6.23
3GOS	3.68	(1.03)	0.00	1.87	0.00	0.00	8.41	(8.14)	36.39
LOIL	2.69	0.34	0.07	3.38	3.42	(2.75)	6.19	(5.50)	20.02
DGRG	0.41	0.04	(0.08)	(0.24)	0.40	(0.48)	0.88	(0.72)	2.37
AIGG	0.66	(0.03)	0.00	0.86	0.00	0.00	1.52	(1.22)	5.42
CHRG	1.18	0.11	0.02	3.21	1.69	(1.17)	2.50	(2.46)	7.57

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.

Did you try this?

Run Money Flow Index Now

Money Flow Index

Determine momentum by analyzing Money Flow Index and other technical indicators

All Next

Launch Module

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