WisdomTree Europe Correlations

DFE Etf

USD 73.04 0.33 0.45%

The current 90-days correlation between WisdomTree Europe and WisdomTree International MidCap is 0.75 (i.e., Poor diversification). The correlation of WisdomTree Europe 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.

WisdomTree Europe Correlation With Market

Very weak diversification

The correlation between WisdomTree Europe SmallCap and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Europe SmallCap and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with WisdomTree Etf

0.94	VGK	Vanguard FTSE Europe	Pair Corr
0.93	EZU	iShares MSCI Eurozone	Pair Corr
0.93	BBEU	JPMorgan BetaBuilders	Pair Corr
0.94	IEUR	iShares Core MSCI	Pair Corr
0.92	FEZ	SPDR EURO STOXX	Pair Corr
0.93	IEV	iShares Europe ETF	Pair Corr
0.86	HEDJ	WisdomTree Europe Hedged	Pair Corr
0.84	EUFN	iShares MSCI Europe	Pair Corr
0.88	DBEU	Xtrackers MSCI Europe	Pair Corr
0.89	HEZU	iShares Currency Hedged	Pair Corr
0.72	UPRO	ProShares UltraPro SP500	Pair Corr
0.79	QTJA	Innovator ETFs Trust	Pair Corr
0.8	QTOC	Innovator ETFs Trust	Pair Corr
0.87	XTOC	Innovator ETFs Trust	Pair Corr
0.85	QTAP	Innovator Growth 100	Pair Corr
0.79	XTJA	Innovator ETFs Trust	Pair Corr
0.85	XTAP	Innovator Equity Acc	Pair Corr
0.84	ROBO	Robo Global Robotics	Pair Corr
0.9	IXUS	iShares Core MSCI	Pair Corr
0.78	FGD	First Trust Dow	Pair Corr
0.62	LABU	Direxion Daily SP	Pair Corr
0.68	DJD	Invesco Dow Jones	Pair Corr
0.87	JEPI	JPMorgan Equity Premium	Pair Corr
0.62	IEMG	iShares Core MSCI	Pair Corr
0.88	RFDI	First Trust RiverFront	Pair Corr
0.92	SPDW	SPDR SP World	Pair Corr
0.72	EEMX	SPDR MSCI Emerging	Pair Corr
0.85	INOV	Innovator ETFs Trust	Pair Corr
0.72	SPY	SPDR SP 500	Pair Corr
0.74	SSO	ProShares Ultra SP500	Pair Corr
0.84	HAP	VanEck Natural Resources	Pair Corr
0.84	SLX	VanEck Steel ETF	Pair Corr
0.87	FNDF	Schwab Fundamental	Pair Corr
0.79	MBB	iShares MBS ETF	Pair Corr
0.78	ITA	iShares Aerospace Defense Low Volatility	Pair Corr
0.88	DJUL	FT Cboe Vest	Pair Corr
0.94	RSSE	First Trust Exchange	Pair Corr
0.85	FTBI	First Trust Exchange	Pair Corr

Related Correlations Analysis

	DIM	TUR	HSCZ	SCJ	PTIN	EDEN	XPH	IFV	SDG	IDRV
DIM		0.86	0.96	0.95	0.96	0.92	0.84	0.84	0.74	0.76	DIM
TUR	0.86		0.91	0.86	0.87	0.83	0.7	0.8	0.53	0.71	TUR
HSCZ	0.96	0.91		0.96	0.97	0.94	0.74	0.9	0.68	0.78	HSCZ
SCJ	0.95	0.86	0.96		0.96	0.9	0.76	0.85	0.74	0.78	SCJ
PTIN	0.96	0.87	0.97	0.96		0.94	0.72	0.93	0.76	0.85	PTIN
EDEN	0.92	0.83	0.94	0.9	0.94		0.68	0.9	0.56	0.67	EDEN
XPH	0.84	0.7	0.74	0.76	0.72	0.68		0.46	0.56	0.54	XPH
IFV	0.84	0.8	0.9	0.85	0.93	0.9	0.46		0.67	0.8	IFV
SDG	0.74	0.53	0.68	0.74	0.76	0.56	0.56	0.67		0.86	SDG
IDRV	0.76	0.71	0.78	0.78	0.85	0.67	0.54	0.8	0.86		IDRV
	DIM	TUR	HSCZ	SCJ	PTIN	EDEN	XPH	IFV	SDG	IDRV

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WisdomTree Europe Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Europe 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 Europe'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
DIM	0.49	0.06	0.03	0.21	0.39	(0.54)	0.98	(0.87)	2.61
TUR	0.76	0.19	0.11	1.09	0.63	(0.85)	2.55	(1.34)	4.89
HSCZ	0.43	0.08	0.05	0.26	0.29	(0.46)	1.01	(0.78)	2.41
SCJ	0.60	0.08	0.04	0.28	0.61	(0.66)	1.30	(1.20)	3.59
PTIN	0.54	0.08	0.06	0.21	0.51	(0.58)	1.09	(1.31)	3.03
EDEN	0.80	0.06	0.07	0.17	0.64	(0.95)	2.19	(1.45)	4.65
XPH	1.07	0.22	0.17	0.53	0.68	(1.32)	2.41	(1.43)	5.79
IFV	0.59	0.04	0.00	0.17	0.65	(0.63)	1.31	(1.26)	3.40
SDG	0.59	(0.01)	(0.05)	0.10	0.59	(0.62)	1.58	(1.20)	3.44
IDRV	0.95	0.06	0.07	0.16	1.02	(1.02)	2.45	(1.47)	7.42

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WisdomTree Europe Correlations

WisdomTree Europe Correlation With Market

Very weak diversification

Moving together with WisdomTree Etf

Related Correlations Analysis

WisdomTree Europe Constituents Risk-Adjusted Indicators

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