WisdomTree Global Correlations

DEW Etf

USD 55.04 0.07 0.13%

The current 90-days correlation between WisdomTree Global High and WisdomTree International High is 0.85 (i.e., Very poor diversification). The correlation of WisdomTree Global 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 Global Correlation With Market

Very weak diversification

The correlation between WisdomTree Global High and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Global High and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with WisdomTree Etf

0.9	GCOW	Pacer Global Cash Low Volatility	Pair Corr
0.76	WDIV	SPDR SP Global	Pair Corr
0.76	DGT	SPDR Global Dow	Pair Corr
0.85	JDIV	JP Morgan Exchange	Pair Corr
0.88	WLDR	Affinity World Leaders	Pair Corr
0.91	ASET	FlexShares Real Assets	Pair Corr
0.87	HERD	Pacer Cash Cows	Pair Corr
0.73	FPAG	Northern Lights Low Volatility	Pair Corr
0.67	SHLD	Global X Funds	Pair Corr
0.88	SWP	SWP Growth Income	Pair Corr
0.71	DUKH	Ocean Park High	Pair Corr
0.79	SMI	VanEck Vectors ETF	Pair Corr
0.8	EFAS	Global X MSCI	Pair Corr
0.61	JNK	SPDR Bloomberg High	Pair Corr
0.79	VEU	Vanguard FTSE All	Pair Corr
0.79	JBND	JP Morgan Exchange	Pair Corr
0.72	MYMG	SPDR SSGA My2027	Pair Corr
0.89	FTC	First Trust Large	Pair Corr
0.8	VEA	Vanguard FTSE Developed	Pair Corr

Moving against WisdomTree Etf

0.6

PFIX

Simplify Interest Rate

Pair Corr

Related Correlations Analysis

	DTH	DIM	DNL	DWM	DFE
DTH		0.94	0.78	0.97	0.91	DTH
DIM	0.94		0.88	0.99	0.94	DIM
DNL	0.78	0.88		0.86	0.82	DNL
DWM	0.97	0.99	0.86		0.94	DWM
DFE	0.91	0.94	0.82	0.94		DFE
	DTH	DIM	DNL	DWM	DFE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

WisdomTree Global Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Global 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 Global'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
DTH	0.54	0.07	0.09	0.21	0.69	(0.54)	1.03	(1.06)	3.54
DIM	0.54	0.04	0.06	0.10	0.72	(0.53)	1.01	(1.03)	3.29
DNL	0.61	0.02	0.02	0.04	0.91	(0.57)	1.26	(1.29)	3.75
DWM	0.52	0.06	0.07	0.12	0.68	(0.52)	1.13	(0.99)	3.75
DFE	0.67	0.05	0.05	0.10	0.91	(0.62)	1.24	(1.33)	3.45

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

2024 Macroaxis LLC