WisdomTree Emerging Correlations

DGRE Etf

USD 34.63 0.89 2.64%

The current 90-days correlation between WisdomTree Emerging and Harbor ETF Trust is 0.11 (i.e., Average 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

Very poor diversification

The correlation between WisdomTree Emerging Markets and DJI is 0.85 (i.e., Very 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 inflation.

Moving together with WisdomTree Etf

0.96	VWO	Vanguard FTSE Emerging	Pair Corr
0.98	IEMG	iShares Core MSCI	Pair Corr
0.93	EMC	Global X Funds	Pair Corr
0.98	EEM	iShares MSCI Emerging	Pair Corr
0.97	SPEM	SPDR Portfolio Emerging	Pair Corr
0.96	FNDE	Schwab Fundamental	Pair Corr
0.96	ESGE	iShares ESG Aware	Pair Corr
0.97	SFGRX	Seafarer Overseas	Pair Corr
0.97	DGS	WisdomTree Emerging	Pair Corr
0.98	XSOE	WisdomTree Emerging	Pair Corr
0.89	CPST	Calamos ETF Trust	Pair Corr
0.94	ITDD	iShares Trust	Pair Corr
0.93	BINC	BlackRock ETF Trust	Pair Corr
0.85	RDIV	Invesco SP Ultra	Pair Corr
0.85	VBK	Vanguard Small Cap	Pair Corr
0.86	AHYB	American Century ETF	Pair Corr
0.92	BA	Boeing	Pair Corr
0.79	INTC	Intel Aggressive Push	Pair Corr
0.78	JNJ	Johnson Johnson	Pair Corr
0.91	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.75	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.77	MRK	Merck Company Aggressive Push	Pair Corr

Moving against WisdomTree Etf

0.71	MPAY	Exchange Traded Concepts	Pair Corr
0.86	HPQ	HP Inc	Pair Corr
0.71	MSFT	Microsoft	Pair Corr
0.58	MMM	3M Company	Pair Corr

Related Correlations Analysis

	EMMF	RFDI	KCCA	FYT	AVDS	ECML	SVAL	GSEE	SDFI	HAPS
EMMF		0.92	-0.29	0.84	0.94	0.86	0.84	0.99	0.75	0.76	EMMF
RFDI	0.92		-0.25	0.93	0.98	0.93	0.93	0.92	0.88	0.85	RFDI
KCCA	-0.29	-0.25		-0.25	-0.23	-0.18	-0.23	-0.24	-0.08	-0.05	KCCA
FYT	0.84	0.93	-0.25		0.94	0.99	1.0	0.81	0.88	0.91	FYT
AVDS	0.94	0.98	-0.23	0.94		0.95	0.94	0.93	0.89	0.89	AVDS
ECML	0.86	0.93	-0.18	0.99	0.95		0.99	0.84	0.92	0.92	ECML
SVAL	0.84	0.93	-0.23	1.0	0.94	0.99		0.81	0.89	0.92	SVAL
GSEE	0.99	0.92	-0.24	0.81	0.93	0.84	0.81		0.73	0.74	GSEE
SDFI	0.75	0.88	-0.08	0.88	0.89	0.92	0.89	0.73		0.84	SDFI
HAPS	0.76	0.85	-0.05	0.91	0.89	0.92	0.92	0.74	0.84		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

SVAL	+ 1.0	FYT
GSEE	+ 0.99	EMMF
ECML	+ 0.99	FYT
SVAL	+ 0.99	ECML
AVDS	+ 0.98	RFDI
ECML	+ 0.95	AVDS

High negative correlations

KCCA	- 0.29	EMMF
FYT	- 0.25	KCCA
KCCA	- 0.25	RFDI
GSEE	- 0.24	KCCA
SVAL	- 0.23	KCCA
AVDS	- 0.23	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	0.58	0.10	0.13	0.25	0.47	(0.71)	1.55	(1.11)	3.44
RFDI	0.61	0.13	0.14	0.21	0.60	(0.63)	1.19	(1.19)	3.13
KCCA	0.80	(0.17)	0.00	(4.26)	0.00	0.00	1.95	(2.88)	6.66
FYT	0.86	0.18	0.20	0.20	0.63	(0.98)	2.59	(1.23)	5.02
AVDS	0.64	0.14	0.14	0.24	0.70	(0.69)	1.30	(1.33)	4.02
ECML	0.75	0.13	0.19	0.18	0.48	(0.97)	2.20	(1.07)	4.94
SVAL	0.80	0.16	0.18	0.19	0.64	(0.94)	2.18	(1.45)	5.39
GSEE	0.68	0.08	0.08	0.18	0.67	(0.75)	1.54	(1.28)	4.32
SDFI	0.06	0.01	(0.35)	0.39	0.00	(0.08)	0.14	(0.11)	0.39
HAPS	0.83	0.09	0.06	0.52	0.86	(0.91)	1.93	(1.83)	5.05

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