WisdomTree International Correlations

DWMF Etf

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

Average diversification

The correlation between WisdomTree International Multi and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree International Multi 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 Multifactor. 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

0.92	EFV	iShares MSCI EAFE	Pair Corr
0.91	FNDF	Schwab Fundamental	Pair Corr
0.92	VYMI	Vanguard International	Pair Corr
0.89	IDV	iShares International	Pair Corr
0.88	DFIV	Dimensional International	Pair Corr
0.89	IVLU	iShares Edge MSCI	Pair Corr
0.91	RODM	Hartford Multifactor	Pair Corr
0.91	PXF	Invesco FTSE RAFI	Pair Corr
0.92	HDEF	Xtrackers MSCI EAFE	Pair Corr
0.89	PID	Invesco International	Pair Corr
0.67	OIH	VanEck Oil Services	Pair Corr
0.77	EWC	iShares MSCI Canada	Pair Corr
0.81	ESGD	iShares ESG Aware	Pair Corr
0.63	MYCL	SPDR SSGA My2032	Pair Corr
0.67	COPA	Themes Copper Miners Low Volatility	Pair Corr
0.72	XVV	iShares ESG Screened	Pair Corr
0.62	USCL	iShares Climate Conscious	Pair Corr
0.67	BATT	Amplify Lithium Battery	Pair Corr
0.76	PMSE	PGIM SP 500	Pair Corr
0.77	JNK	SPDR Bloomberg High	Pair Corr
0.71	MBB	iShares MBS ETF	Pair Corr
0.67	SNPD	DBX ETF Trust	Pair Corr
0.72	IAU	iShares Gold Trust	Pair Corr
0.86	AJUL	Innovator Equity Defined	Pair Corr
0.66	EQRR	ProShares Equities for	Pair Corr
0.87	FVAL	Fidelity Value Factor	Pair Corr
0.75	CANC	Tema Oncology ETF	Pair Corr
0.87	APRT	AllianzIM Large Cap	Pair Corr
0.83	CSPF	Cohen Steers ETF	Pair Corr
0.64	QULL	ETRACS 2x Leveraged	Pair Corr

Moving against WisdomTree Etf

0.5

ARKW

ARK Next Generation

Pair Corr

Related Correlations Analysis

	RFEM	IBBQ	BLDG	SSXU	FLCV	JDVI	HEJD	CSNR	BDRY	EWUS
RFEM		0.74	-0.25	0.82	0.53	0.76	0.79	0.63	0.44	0.26	RFEM
IBBQ	0.74		-0.49	0.54	0.56	0.78	0.51	0.71	0.81	0.03	IBBQ
BLDG	-0.25	-0.49		-0.05	-0.01	-0.34	0.09	-0.26	-0.48	0.14	BLDG
SSXU	0.82	0.54	-0.05		0.75	0.87	0.58	0.78	0.15	0.7	SSXU
FLCV	0.53	0.56	-0.01	0.75		0.8	0.39	0.86	0.38	0.61	FLCV
JDVI	0.76	0.78	-0.34	0.87	0.8		0.48	0.91	0.46	0.5	JDVI
HEJD	0.79	0.51	0.09	0.58	0.39	0.48		0.39	0.29	0.11	HEJD
CSNR	0.63	0.71	-0.26	0.78	0.86	0.91	0.39		0.51	0.53	CSNR
BDRY	0.44	0.81	-0.48	0.15	0.38	0.46	0.29	0.51		-0.25	BDRY
EWUS	0.26	0.03	0.14	0.7	0.61	0.5	0.11	0.53	-0.25		EWUS
	RFEM	IBBQ	BLDG	SSXU	FLCV	JDVI	HEJD	CSNR	BDRY	EWUS

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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

CSNR	+ 0.91	JDVI
JDVI	+ 0.87	SSXU
CSNR	+ 0.86	FLCV
SSXU	+ 0.82	RFEM
BDRY	+ 0.81	IBBQ
JDVI	+ 0.8	FLCV

High negative correlations

BLDG	- 0.49	IBBQ
BDRY	- 0.48	BLDG
JDVI	- 0.34	BLDG
CSNR	- 0.26	BLDG
EWUS	- 0.25	BDRY
BLDG	- 0.25	RFEM

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
RFEM	0.63	0.05	(0.01)	0.55	0.88	(0.65)	1.28	(1.07)	4.38
IBBQ	0.87	0.27	0.22	4.62	0.59	(1.06)	1.96	(1.31)	5.13
BLDG	0.44	(0.06)	0.00	(0.36)	0.00	0.00	0.80	(0.95)	2.71
SSXU	0.52	0.04	(0.02)	0.29	0.69	(0.51)	1.02	(1.16)	3.04
FLCV	0.59	0.03	(0.04)	0.20	0.69	(0.61)	1.39	(1.10)	2.95
JDVI	0.59	0.10	0.05	0.70	0.68	(0.57)	1.34	(1.23)	3.09
HEJD	0.39	0.00	(0.10)	0.07	0.59	(0.36)	0.87	(0.96)	2.36
CSNR	0.85	0.12	0.05	0.60	1.01	(0.90)	1.59	(1.59)	5.66
BDRY	2.13	0.14	0.03	1.70	2.73	(2.05)	3.90	(4.67)	11.33
EWUS	0.71	0.05	(0.01)	0.28	0.69	(0.83)	1.74	(1.19)	3.37

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