WisdomTree Emerging Correlations

DEM Etf

USD 46.84 0.10 0.21%

The current 90-days correlation between WisdomTree Emerging and WisdomTree MidCap Dividend is 0.57 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WisdomTree Emerging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree Emerging Markets moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

WisdomTree Emerging Correlation With Market

Poor diversification

The correlation between WisdomTree Emerging Markets and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WisdomTree Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in WisdomTree Emerging Markets. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with WisdomTree Etf

0.61	IEMG	iShares Core MSCI Aggressive Push	Pair Corr
0.63	EEM	iShares MSCI Emerging Aggressive Push	Pair Corr
0.89	FNDE	Schwab Fundamental	Pair Corr
0.64	ESGE	iShares ESG Aware	Pair Corr
0.71	SFGRX	Seafarer Overseas	Pair Corr
0.67	SMH	VanEck Semiconductor ETF	Pair Corr
0.69	UPRO	ProShares UltraPro SP500 Sell-off Trend	Pair Corr
0.69	SPXL	Direxion Daily SP500 Sell-off Trend	Pair Corr
0.65	SOXX	iShares Semiconductor ETF Sell-off Trend	Pair Corr
0.76	PSI	Invesco Dynamic Semi	Pair Corr
0.76	GUSA	Goldman Sachs MarketBeta	Pair Corr
0.93	ECOW	Pacer Emerging Markets	Pair Corr
0.73	AGEM	abrdn Emerging Markets	Pair Corr
0.65	QULL	ETRACS 2x Leveraged	Pair Corr
0.74	CLOX	Series Portfolios Trust	Pair Corr
0.82	ZJAN	Innovator Equity Defined	Pair Corr
0.78	CPSU	Calamos SP 500	Pair Corr
0.86	DFAX	Dimensional World	Pair Corr
0.67	EASG	Xtrackers MSCI EAFE	Pair Corr
0.76	FROG	Jfrog	Pair Corr
0.74	TJUL	Innovator Etfs Trust	Pair Corr
0.77	HEZU	iShares Currency Hedged	Pair Corr

Moving against WisdomTree Etf

0.62

GBTC

Grayscale Bitcoin Trust

Pair Corr

Related Correlations Analysis

	DON	ITB	AAXJ	EPI	LVHI	IMCG	ACWV	KRE	ILCG	IMTM
DON		0.54	-0.13	-0.44	0.35	0.37	0.53	0.88	0.19	0.69	DON
ITB	0.54		-0.12	-0.54	-0.47	0.69	0.25	0.18	0.38	-0.09	ITB
AAXJ	-0.13	-0.12		0.57	0.08	0.41	0.05	-0.28	0.57	0.25	AAXJ
EPI	-0.44	-0.54	0.57		0.31	-0.25	0.19	-0.44	0.09	-0.03	EPI
LVHI	0.35	-0.47	0.08	0.31		-0.49	0.36	0.57	-0.23	0.74	LVHI
IMCG	0.37	0.69	0.41	-0.25	-0.49		0.15	0.04	0.69	0.1	IMCG
ACWV	0.53	0.25	0.05	0.19	0.36	0.15		0.32	0.01	0.37	ACWV
KRE	0.88	0.18	-0.28	-0.44	0.57	0.04	0.32		-0.02	0.76	KRE
ILCG	0.19	0.38	0.57	0.09	-0.23	0.69	0.01	-0.02		0.14	ILCG
IMTM	0.69	-0.09	0.25	-0.03	0.74	0.1	0.37	0.76	0.14		IMTM
	DON	ITB	AAXJ	EPI	LVHI	IMCG	ACWV	KRE	ILCG	IMTM

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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

KRE	+ 0.88	DON
IMTM	+ 0.76	KRE
IMTM	+ 0.74	LVHI
IMTM	+ 0.69	DON
IMCG	+ 0.69	ITB
ILCG	+ 0.69	IMCG

High negative correlations

EPI	- 0.54	ITB
IMCG	- 0.49	LVHI
LVHI	- 0.47	ITB
KRE	- 0.44	EPI
EPI	- 0.44	DON
KRE	- 0.28	AAXJ

WisdomTree Emerging Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Emerging 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 Emerging'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
DON	0.60	(0.07)	(0.09)	0.00	0.80	(0.61)	1.44	(1.23)	3.27
ITB	1.06	(0.23)	0.00	(0.10)	0.00	0.00	3.15	(2.61)	7.12
AAXJ	0.75	(0.01)	(0.02)	0.06	0.95	(0.81)	1.38	(1.35)	4.97
EPI	0.56	0.02	(0.06)	0.19	0.68	(0.56)	1.24	(0.95)	3.62
LVHI	0.34	0.09	0.09	0.27	0.19	(0.41)	0.87	(0.61)	2.52
IMCG	0.70	(0.09)	0.00	(0.01)	0.00	0.00	1.12	(1.78)	3.48
ACWV	0.36	(0.02)	(0.13)	0.03	0.43	(0.38)	0.86	(0.80)	2.08
KRE	1.00	(0.03)	0.00	0.05	1.62	(1.05)	2.84	(2.27)	9.28
ILCG	0.76	(0.05)	(0.04)	0.03	1.29	(0.64)	1.55	(1.88)	4.46
IMTM	0.58	0.03	0.01	0.11	0.67	(0.58)	1.10	(1.06)	2.52

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