WisdomTree Europe Correlations

DFE Etf

USD 72.01 0.31 0.43%

The current 90-days correlation between WisdomTree Europe and WisdomTree International MidCap is 0.82 (i.e., Very 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

Poor diversification

The correlation between WisdomTree Europe SmallCap 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 Europe SmallCap 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 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

0.61	VGK	Vanguard FTSE Europe	Pair Corr
0.62	EZU	iShares MSCI Eurozone	Pair Corr
0.61	IEUR	iShares Core MSCI	Pair Corr
0.81	IYJ	iShares Industrials ETF	Pair Corr

Related Correlations Analysis

	DIM	TUR	HSCZ	SCJ	PTIN	EDEN	XPH	IFV	SDG	IDRV
DIM		0.41	0.9	0.78	0.88	0.66	0.82	0.47	0.66	0.65	DIM
TUR	0.41		0.18	0.58	0.18	0.29	0.26	0.06	-0.1	0.13	TUR
HSCZ	0.9	0.18		0.61	0.92	0.55	0.81	0.46	0.7	0.74	HSCZ
SCJ	0.78	0.58	0.61		0.62	0.62	0.48	0.39	0.4	0.43	SCJ
PTIN	0.88	0.18	0.92	0.62		0.6	0.71	0.63	0.8	0.86	PTIN
EDEN	0.66	0.29	0.55	0.62	0.6		0.38	0.6	0.23	0.28	EDEN
XPH	0.82	0.26	0.81	0.48	0.71	0.38		0.01	0.54	0.5	XPH
IFV	0.47	0.06	0.46	0.39	0.63	0.6	0.01		0.52	0.6	IFV
SDG	0.66	-0.1	0.7	0.4	0.8	0.23	0.54	0.52		0.86	SDG
IDRV	0.65	0.13	0.74	0.43	0.86	0.28	0.5	0.6	0.86		IDRV
	DIM	TUR	HSCZ	SCJ	PTIN	EDEN	XPH	IFV	SDG	IDRV

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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

PTIN	+ 0.92	HSCZ
HSCZ	+ 0.9	DIM
PTIN	+ 0.88	DIM
IDRV	+ 0.86	PTIN
IDRV	+ 0.86	SDG
XPH	+ 0.82	DIM

High negative correlations

SDG

- 0.1

TUR

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	0.51	0.03	0.01	0.10	0.55	(0.54)	0.98	(1.12)	2.48
TUR	0.82	(0.02)	0.00	(0.53)	0.00	0.00	1.70	(1.57)	4.89
HSCZ	0.45	0.03	0.01	0.11	0.61	(0.45)	0.99	(0.89)	3.25
SCJ	0.64	(0.04)	(0.06)	0.00	0.89	(0.65)	1.29	(1.28)	4.17
PTIN	0.58	0.03	0.03	0.10	0.72	(0.58)	1.04	(1.28)	3.07
EDEN	0.81	(0.04)	(0.04)	0.02	0.88	(0.95)	2.19	(1.49)	4.65
XPH	1.06	0.26	0.23	0.35	0.76	(1.22)	2.62	(1.87)	5.79
IFV	0.61	0.00	(0.02)	0.06	0.80	(0.61)	1.07	(1.61)	3.40
SDG	0.64	0.00	(0.01)	0.05	0.87	(0.63)	1.58	(1.21)	4.17
IDRV	1.01	0.00	0.02	0.06	1.42	(1.02)	2.45	(1.79)	7.42

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