WisdomTree Emerging Correlations

DEMS Etf

2,586 7.50 0.29%

The current 90-days correlation between WisdomTree Emerging and WisdomTree Battery Solutions is -0.19 (i.e., Good diversification). The correlation of WisdomTree Emerging 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 Emerging Correlation With Market

Very weak diversification

The correlation between WisdomTree Emerging Markets and DJI is 0.4 (i.e., Very weak 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.

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

Moving together with WisdomTree Etf

0.66	AASG	Amundi Index Solutions	Pair Corr
0.64	AASU	Amundi Index Solutions	Pair Corr
0.7	EUCO	SPDR Barclays Euro	Pair Corr
0.67	WNDU	SPDR MSCI World	Pair Corr
0.81	GXLE	SPDR SP Energy	Pair Corr
0.69	IGIL	iShares Global Inflation	Pair Corr
0.8	HPRD	HSBC FTSE EPRA	Pair Corr
0.72	ISUN	Invesco Solar Energy	Pair Corr
0.76	RIOL	Lyxor UCITS Brazil	Pair Corr
0.78	OIGB	Vaneck Ucits Etfs	Pair Corr
0.74	3KOR	Leverage Shares 3x	Pair Corr
0.76	MUNI	Invesco Municipal Bond	Pair Corr
0.83	SGQD	Lyxor SG Global	Pair Corr
0.67	U127	Amundi MSCI Emerging	Pair Corr
0.62	CSH2	Multi Units Luxembourg	Pair Corr
0.89	IDIN	iShares Global Infra	Pair Corr
0.66	100H	MULTI UNITS LUXEMBOURG	Pair Corr
0.73	KOR3	Leverage Shares 3x	Pair Corr

Moving against WisdomTree Etf

0.79	1AMZ	LS 1x Amazon	Pair Corr
0.5	2GOO	Leverage Shares 2x	Pair Corr
0.49	2AMD	Leverage Shares 2x	Pair Corr

Related Correlations Analysis

	ZINC	3BRL	LALU	WCOG	3GOS	LOIL	DGRG	AIGG	CHRG
ZINC		0.84	0.79	0.92	-0.94	0.85	0.19	0.04	0.72	ZINC
3BRL	0.84		0.53	0.91	-0.85	1.0	0.39	0.43	0.6	3BRL
LALU	0.79	0.53		0.81	-0.78	0.55	0.1	-0.33	0.87	LALU
WCOG	0.92	0.91	0.81		-0.95	0.91	0.33	0.13	0.83	WCOG
3GOS	-0.94	-0.85	-0.78	-0.95		-0.86	-0.2	-0.05	-0.73	3GOS
LOIL	0.85	1.0	0.55	0.91	-0.86		0.36	0.39	0.59	LOIL
DGRG	0.19	0.39	0.1	0.33	-0.2	0.36		0.46	0.4	DGRG
AIGG	0.04	0.43	-0.33	0.13	-0.05	0.39	0.46		-0.14	AIGG
CHRG	0.72	0.6	0.87	0.83	-0.73	0.59	0.4	-0.14		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	+ 0.92	ZINC
WCOG	+ 0.91	3BRL
LOIL	+ 0.91	WCOG
CHRG	+ 0.87	LALU
LOIL	+ 0.85	ZINC

High negative correlations

3GOS	- 0.95	WCOG
3GOS	- 0.94	ZINC
LOIL	- 0.86	3GOS
3GOS	- 0.85	3BRL
3GOS	- 0.78	LALU
CHRG	- 0.73	3GOS

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
ZINC	1.03	0.18	0.07	1.00	1.09	(1.18)	2.25	(1.85)	6.87
3BRL	3.62	0.77	0.13	(3.40)	4.62	(3.86)	9.07	(7.09)	27.82
LALU	1.78	0.31	0.10	1.57	1.96	(1.98)	3.99	(2.80)	10.29
WCOG	0.73	0.20	0.08	(1.36)	0.78	(0.88)	1.67	(1.16)	6.23
3GOS	3.89	(1.14)	0.00	17.99	0.00	0.00	8.41	(8.21)	36.39
LOIL	2.67	0.47	0.09	(2.38)	3.39	(2.75)	6.19	(5.50)	20.02
DGRG	0.39	0.02	(0.21)	(0.29)	0.42	(0.45)	0.87	(0.72)	2.37
AIGG	0.66	0.05	(0.09)	(0.13)	0.91	(0.71)	1.52	(1.20)	5.42
CHRG	1.15	0.18	0.07	0.89	1.24	(1.24)	2.63	(2.32)	7.01

Be your own money manager

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