WisdomTree SmallCap Correlations

DGRS Etf

USD 56.41 1.10 1.99%

The current 90-days correlation between WisdomTree SmallCap and First Trust Europe is 0.49 (i.e., Very weak diversification). The correlation of WisdomTree SmallCap 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 SmallCap Correlation With Market

Almost no diversification

The correlation between WisdomTree SmallCap Quality and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree SmallCap Quality 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 SmallCap Quality. 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

0.98	VBR	Vanguard Small Cap	Pair Corr
0.96	IWN	iShares Russell 2000	Pair Corr
0.96	DFAT	Dimensional Targeted	Pair Corr
0.99	IJS	iShares SP Small	Pair Corr
0.99	SLYV	SPDR SP 600	Pair Corr
0.99	AVUV	Avantis Small Cap	Pair Corr
0.99	DES	WisdomTree SmallCap	Pair Corr
0.97	MDYV	SPDR SP 400	Pair Corr
0.9	CALF	Pacer Small Cap Low Volatility	Pair Corr
0.97	REGL	ProShares SP MidCap Low Volatility	Pair Corr
0.9	OIH	VanEck Oil Services	Pair Corr
0.84	WTMF	WisdomTree Managed	Pair Corr
0.87	EWC	iShares MSCI Canada	Pair Corr
0.79	TOT	Advisor Managed Port	Pair Corr
0.85	VBK	Vanguard Small Cap	Pair Corr
0.91	BINC	BlackRock ETF Trust	Pair Corr
0.91	OASC	OneAscent Small Cap	Pair Corr
0.88	AHYB	American Century ETF	Pair Corr
0.93	RDIV	Invesco SP Ultra	Pair Corr
0.93	CAT	Caterpillar	Pair Corr
0.85	JNJ	Johnson Johnson	Pair Corr
0.84	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.91	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.86	AA	Alcoa Corp	Pair Corr
0.66	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.86	BA	Boeing	Pair Corr

Moving against WisdomTree Etf

0.52	ARKW	ARK Next Generation	Pair Corr
0.81	MSFT	Microsoft	Pair Corr
0.73	HPQ	HP Inc	Pair Corr
0.5	MMM	3M Company	Pair Corr

Related Correlations Analysis

	DFJ	EWD	EEMS	JPIN	SFLO	EIDO	CDL	DJD	WCLD	FEP
DFJ		0.96	0.87	0.98	0.76	0.07	0.93	0.93	-0.64	0.97	DFJ
EWD	0.96		0.92	0.96	0.76	0.04	0.89	0.85	-0.57	0.99	EWD
EEMS	0.87	0.92		0.92	0.5	-0.16	0.87	0.76	-0.72	0.89	EEMS
JPIN	0.98	0.96	0.92		0.69	-0.07	0.93	0.92	-0.68	0.97	JPIN
SFLO	0.76	0.76	0.5	0.69		0.37	0.63	0.7	-0.13	0.77	SFLO
EIDO	0.07	0.04	-0.16	-0.07	0.37		-0.12	0.0	0.38	0.06	EIDO
CDL	0.93	0.89	0.87	0.93	0.63	-0.12		0.93	-0.82	0.89	CDL
DJD	0.93	0.85	0.76	0.92	0.7	0.0	0.93		-0.71	0.87	DJD
WCLD	-0.64	-0.57	-0.72	-0.68	-0.13	0.38	-0.82	-0.71		-0.57	WCLD
FEP	0.97	0.99	0.89	0.97	0.77	0.06	0.89	0.87	-0.57		FEP
	DFJ	EWD	EEMS	JPIN	SFLO	EIDO	CDL	DJD	WCLD	FEP

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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

FEP	+ 0.99	EWD
JPIN	+ 0.98	DFJ
FEP	+ 0.97	DFJ
FEP	+ 0.97	JPIN
EWD	+ 0.96	DFJ
JPIN	+ 0.96	EWD

High negative correlations

WCLD	- 0.82	CDL
WCLD	- 0.72	EEMS
WCLD	- 0.71	DJD
WCLD	- 0.68	JPIN
WCLD	- 0.64	DFJ
FEP	- 0.57	WCLD

WisdomTree SmallCap Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree SmallCap 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 SmallCap'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
DFJ	0.66	0.21	0.23	2.97	0.50	(0.76)	1.48	(1.02)	4.58
EWD	0.88	0.10	0.08	0.15	1.03	(0.87)	1.67	(1.73)	4.31
EEMS	0.56	0.07	0.07	0.18	0.61	(0.59)	1.11	(1.07)	2.83
JPIN	0.51	0.14	0.16	2.25	0.45	(0.54)	1.09	(0.94)	2.75
SFLO	0.72	0.01	0.01	0.05	0.83	(0.80)	2.01	(1.65)	3.78
EIDO	0.73	(0.05)	0.00	(0.36)	0.00	0.00	1.22	(1.07)	12.26
CDL	0.49	0.13	0.21	0.35	0.25	(0.60)	1.21	(0.91)	2.58
DJD	0.57	0.15	0.23	3.03	0.29	(0.71)	1.43	(0.85)	2.92
WCLD	1.43	(0.46)	0.00	(0.38)	0.00	0.00	2.01	(3.99)	9.69
FEP	0.62	0.14	0.14	0.23	0.67	(0.65)	1.46	(1.42)	3.30

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