WisdomTree International Correlations

DOL Etf

USD 65.93 0.38 0.58%

The current 90-days correlation between WisdomTree International and WisdomTree International Equity is 0.95 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WisdomTree International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree International LargeCap moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

WisdomTree International Correlation With Market

Poor diversification

The correlation between WisdomTree International Large and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree International Large 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 International LargeCap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with WisdomTree Etf

0.96	EFV	iShares MSCI EAFE	Pair Corr
0.97	FNDF	Schwab Fundamental	Pair Corr
0.95	VYMI	Vanguard International	Pair Corr
0.91	IDV	iShares International	Pair Corr
0.92	DFIV	Dimensional International	Pair Corr
0.94	IVLU	iShares Edge MSCI	Pair Corr
0.95	RODM	Hartford Multifactor	Pair Corr
0.97	PXF	Invesco FTSE RAFI	Pair Corr
0.91	HDEF	Xtrackers MSCI EAFE	Pair Corr
0.92	PID	Invesco International	Pair Corr
0.8	VTI	Vanguard Total Stock	Pair Corr
0.8	SPY	SPDR SP 500	Pair Corr
0.8	IVV	iShares Core SP	Pair Corr
0.79	TOT	Advisor Managed Port	Pair Corr
0.92	VTV	Vanguard Value Index	Pair Corr
0.83	FIAX	Nicholas Fixed Income	Pair Corr
0.84	MRSK	Northern Lights	Pair Corr
0.83	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.93	FELV	Fidelity Covington Trust	Pair Corr
0.64	IYJ	iShares Industrials ETF	Pair Corr
0.77	AVSC	American Century ETF	Pair Corr
0.78	SCHX	Schwab Large Cap	Pair Corr
0.9	BFEB	Innovator SP 500	Pair Corr
0.85	ELD	WisdomTree Emerging	Pair Corr
0.7	IBTI	iShares iBonds Dec	Pair Corr

Related Correlations Analysis

	DWM	EES	IQDG	IAT	HEZU	DMXF	BIDD	IYT	EZM	EWS
DWM		0.8	0.94	0.59	0.88	0.8	0.88	0.81	0.81	-0.3	DWM
EES	0.8		0.85	0.89	0.56	0.55	0.61	0.88	0.98	-0.32	EES
IQDG	0.94	0.85		0.69	0.79	0.8	0.85	0.84	0.85	-0.13	IQDG
IAT	0.59	0.89	0.69		0.34	0.22	0.3	0.83	0.88	-0.37	IAT
HEZU	0.88	0.56	0.79	0.34		0.75	0.85	0.69	0.58	-0.32	HEZU
DMXF	0.8	0.55	0.8	0.22	0.75		0.96	0.53	0.53	0.13	DMXF
BIDD	0.88	0.61	0.85	0.3	0.85	0.96		0.61	0.59	-0.02	BIDD
IYT	0.81	0.88	0.84	0.83	0.69	0.53	0.61		0.89	-0.38	IYT
EZM	0.81	0.98	0.85	0.88	0.58	0.53	0.59	0.89		-0.31	EZM
EWS	-0.3	-0.32	-0.13	-0.37	-0.32	0.13	-0.02	-0.38	-0.31		EWS
	DWM	EES	IQDG	IAT	HEZU	DMXF	BIDD	IYT	EZM	EWS

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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

EZM	+ 0.98	EES
BIDD	+ 0.96	DMXF
IQDG	+ 0.94	DWM
IAT	+ 0.89	EES
EZM	+ 0.89	IYT
HEZU	+ 0.88	DWM

High negative correlations

EWS	- 0.38	IYT
EWS	- 0.37	IAT
EWS	- 0.32	HEZU
EWS	- 0.32	EES
EWS	- 0.31	EZM
EWS	- 0.3	DWM

WisdomTree International Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree International 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 International'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
DWM	0.53	0.02	0.00	0.08	0.56	(0.59)	1.00	(1.10)	2.42
EES	0.78	(0.02)	(0.01)	0.04	0.99	(0.81)	1.95	(1.70)	4.22
IQDG	0.62	0.00	0.00	0.06	0.71	(0.65)	1.17	(1.22)	2.91
IAT	0.94	0.02	0.02	0.07	1.38	(0.98)	2.42	(2.15)	7.39
HEZU	0.54	0.04	0.04	0.11	0.56	(0.58)	1.17	(1.20)	3.17
DMXF	0.65	(0.01)	(0.02)	0.05	0.88	(0.59)	1.09	(1.31)	2.96
BIDD	0.59	0.00	(0.01)	0.06	0.76	(0.58)	1.08	(1.04)	3.46
IYT	0.82	0.03	0.03	0.08	1.08	(0.77)	1.48	(1.71)	4.67
EZM	0.71	(0.01)	(0.01)	0.05	0.88	(0.73)	1.64	(1.38)	4.16
EWS	0.66	(0.09)	0.00	(0.07)	0.00	0.00	1.13	(1.39)	3.55

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