WisdomTree Emerging Correlations

DGRE Etf

USD 31.14 0.02 0.06%

The current 90-days correlation between WisdomTree Emerging and WisdomTree Emerging Markets is 0.9 (i.e., Almost no 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.

WisdomTree Emerging Correlation With Market

Poor diversification

The correlation between WisdomTree Emerging Markets and DJI is 0.61 (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 main economic indicators.

Moving together with WisdomTree Etf

0.75	IEMG	iShares Core MSCI	Pair Corr
0.76	EEM	iShares MSCI Emerging	Pair Corr
0.82	FNDE	Schwab Fundamental	Pair Corr
0.75	ESGE	iShares ESG Aware	Pair Corr
0.82	SFGRX	Seafarer Overseas	Pair Corr
0.67	XSOE	WisdomTree Emerging	Pair Corr
0.68	QLD	ProShares Ultra QQQ	Pair Corr
0.87	SMH	VanEck Semiconductor ETF	Pair Corr
0.73	UPRO	ProShares UltraPro SP500	Pair Corr
0.74	SPXL	Direxion Daily SP500	Pair Corr
0.86	SOXX	iShares Semiconductor ETF	Pair Corr
0.88	PSI	Invesco Dynamic Semi	Pair Corr
0.82	GUSA	Goldman Sachs MarketBeta	Pair Corr
0.83	ECOW	Pacer Emerging Markets	Pair Corr
0.86	AGEM	abrdn Emerging Markets	Pair Corr
0.73	HYSD	Columbia ETF Trust	Pair Corr
0.67	QULL	ETRACS 2x Leveraged	Pair Corr
0.78	CLOX	Series Portfolios Trust	Pair Corr
0.86	ZJAN	Innovator Equity Defined	Pair Corr
0.86	CPSU	Calamos SP 500	Pair Corr
0.86	DFAX	Dimensional World	Pair Corr
0.77	FSST	Fidelity Sustainability	Pair Corr
0.73	EASG	Xtrackers MSCI EAFE	Pair Corr
0.64	FROG	Jfrog	Pair Corr
0.65	VONG	Vanguard Russell 1000	Pair Corr
0.83	TJUL	Innovator Etfs Trust	Pair Corr
0.87	HEZU	iShares Currency Hedged	Pair Corr
0.67	GTR	WisdomTree Target Range	Pair Corr

Moving against WisdomTree Etf

0.61

GBTC

Grayscale Bitcoin Trust

Pair Corr

Related Correlations Analysis

	EMMF	RFDI	KCCA	FYT	AVDS	ECML	SVAL	GSEE	SDFI	HAPS
EMMF		0.68	-0.38	0.32	0.47	0.23	0.42	0.86	0.56	0.3	EMMF
RFDI	0.68		-0.43	0.81	0.89	0.75	0.89	0.44	0.75	0.72	RFDI
KCCA	-0.38	-0.43		-0.27	-0.12	-0.27	-0.35	0.07	-0.55	0.05	KCCA
FYT	0.32	0.81	-0.27		0.88	0.98	0.97	0.13	0.53	0.92	FYT
AVDS	0.47	0.89	-0.12	0.88		0.85	0.9	0.36	0.57	0.9	AVDS
ECML	0.23	0.75	-0.27	0.98	0.85		0.93	0.03	0.51	0.88	ECML
SVAL	0.42	0.89	-0.35	0.97	0.9	0.93		0.18	0.68	0.88	SVAL
GSEE	0.86	0.44	0.07	0.13	0.36	0.03	0.18		0.22	0.26	GSEE
SDFI	0.56	0.75	-0.55	0.53	0.57	0.51	0.68	0.22		0.4	SDFI
HAPS	0.3	0.72	0.05	0.92	0.9	0.88	0.88	0.26	0.4		HAPS
	EMMF	RFDI	KCCA	FYT	AVDS	ECML	SVAL	GSEE	SDFI	HAPS

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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

ECML	+ 0.98	FYT
SVAL	+ 0.97	FYT
SVAL	+ 0.93	ECML
HAPS	+ 0.92	FYT
SVAL	+ 0.9	AVDS
HAPS	+ 0.9	AVDS

High negative correlations

SDFI	- 0.55	KCCA
KCCA	- 0.43	RFDI
KCCA	- 0.38	EMMF
SVAL	- 0.35	KCCA
ECML	- 0.27	KCCA
FYT	- 0.27	KCCA

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
EMMF	0.56	0.00	(0.03)	0.07	0.76	(0.57)	1.03	(1.13)	3.95
RFDI	0.53	0.03	0.02	0.11	0.62	(0.53)	1.14	(1.14)	2.82
KCCA	0.53	(0.02)	0.00	0.27	0.00	0.00	0.99	(1.08)	4.71
FYT	0.83	(0.04)	(0.02)	0.03	1.06	(0.84)	1.83	(1.59)	4.75
AVDS	0.62	0.02	0.00	0.09	0.71	(0.61)	1.28	(1.31)	2.91
ECML	0.64	(0.04)	(0.07)	0.02	0.74	(0.79)	1.23	(1.60)	4.29
SVAL	0.79	(0.01)	0.00	0.06	0.93	(0.89)	1.86	(1.46)	4.05
GSEE	0.75	(0.01)	(0.02)	0.06	0.94	(0.80)	1.59	(1.32)	4.78
SDFI	0.07	0.00	(0.65)	0.24	0.00	(0.09)	0.14	(0.14)	0.39
HAPS	0.77	(0.05)	(0.03)	0.03	1.04	(0.75)	1.75	(1.91)	3.86

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