WisdomTree Japan Correlations

DXJ Etf

USD 155.63 0.18 0.12%

The current 90-days correlation between WisdomTree Japan Hedged and Pacer Small Cap is 0.37 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WisdomTree Japan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree Japan Hedged moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

WisdomTree Japan Correlation With Market

Very weak diversification

The correlation between WisdomTree Japan Hedged and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Japan Hedged 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 Japan Hedged. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with WisdomTree Etf

0.88	EWJ	iShares MSCI Japan	Pair Corr
0.9	BBJP	JPMorgan BetaBuilders	Pair Corr
0.9	FLJP	Franklin FTSE Japan	Pair Corr
0.98	HEWJ	iShares Currency Hedged	Pair Corr
0.98	DBJP	Xtrackers MSCI Japan	Pair Corr
0.95	DFJ	WisdomTree Japan SmallCap	Pair Corr
0.98	EWJV	iShares MSCI Japan	Pair Corr
0.94	SCJ	iShares MSCI Japan	Pair Corr
0.9	JPXN	iShares JPX Nikkei	Pair Corr
0.93	LENS	Sarmaya Thematic ETF	Pair Corr
0.87	ASA	ASA Gold	Pair Corr
0.87	MAPP	Harbor ETF Trust	Pair Corr
0.79	WNTR	YieldMax MSTR Short	Pair Corr
0.7	JUNE	JUNE Symbol Change	Pair Corr
0.9	SNPD	DBX ETF Trust	Pair Corr
0.88	DDX	Defined Duration Symbol Change	Pair Corr
0.93	DIHP	Dimensional International	Pair Corr
0.91	USHY	iShares Broad USD	Pair Corr
0.77	EKG	First Trust Nasdaq	Pair Corr
0.91	SCYB	Schwab Strategic Trust	Pair Corr
0.78	SKOR	FlexShares Credit	Pair Corr
0.94	SLV	iShares Silver Trust Aggressive Push	Pair Corr
0.92	STOT	SPDR DoubleLine Short	Pair Corr
0.92	FENI	Fidelity Covington Trust	Pair Corr
0.92	JEPI	JPMorgan Equity Premium Sell-off Trend	Pair Corr
0.9	DBP	Invesco DB Precious	Pair Corr
0.71	HEGD	Swan Hedged Equity	Pair Corr
0.74	VV	Vanguard Large Cap	Pair Corr
0.63	IWO	iShares Russell 2000	Pair Corr
0.95	FIVA	Fidelity International	Pair Corr
0.69	ARLU	AIM ETF Products	Pair Corr
0.86	VT	Vanguard Total World	Pair Corr
0.72	PBDC	Putnam ETF Trust	Pair Corr
0.77	VOO	Vanguard SP 500 Sell-off Trend	Pair Corr

Moving against WisdomTree Etf

0.6	SWIN	Alps Symbol Change	Pair Corr
0.49	PRME	Prime Medicine Common	Pair Corr

Related Correlations Analysis

	CALF	DON	IYF	SLYV	BBEU	DFIS	CGXU	VMIAX	DFLV	JAVA
CALF		0.93	0.92	0.95	0.89	0.88	0.63	0.82	0.95	0.96	CALF
DON	0.93		0.88	0.98	0.92	0.94	0.71	0.94	0.95	0.95	DON
IYF	0.92	0.88		0.88	0.91	0.89	0.64	0.82	0.95	0.94	IYF
SLYV	0.95	0.98	0.88		0.93	0.94	0.75	0.91	0.95	0.96	SLYV
BBEU	0.89	0.92	0.91	0.93		0.98	0.85	0.94	0.97	0.96	BBEU
DFIS	0.88	0.94	0.89	0.94	0.98		0.85	0.97	0.95	0.95	DFIS
CGXU	0.63	0.71	0.64	0.75	0.85	0.85		0.81	0.75	0.76	CGXU
VMIAX	0.82	0.94	0.82	0.91	0.94	0.97	0.81		0.91	0.9	VMIAX
DFLV	0.95	0.95	0.95	0.95	0.97	0.95	0.75	0.91		1.0	DFLV
JAVA	0.96	0.95	0.94	0.96	0.96	0.95	0.76	0.9	1.0		JAVA
	CALF	DON	IYF	SLYV	BBEU	DFIS	CGXU	VMIAX	DFLV	JAVA

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WisdomTree Japan Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Japan 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 Japan'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
CALF	0.66	0.01	0.00	0.10	0.65	(0.78)	1.38	(1.40)	3.67
DON	0.59	0.01	(0.02)	0.10	0.58	(0.64)	1.60	(1.04)	3.24
IYF	0.65	(0.03)	(0.03)	0.06	0.86	(0.69)	1.27	(1.46)	4.04
SLYV	0.86	0.04	0.07	0.12	0.78	(1.05)	2.01	(1.72)	4.31
BBEU	0.54	0.05	0.04	0.17	0.42	(0.60)	1.05	(0.98)	2.44
DFIS	0.55	0.07	0.06	0.21	0.52	(0.59)	1.20	(0.99)	2.49
CGXU	0.77	0.03	0.03	0.12	0.88	(0.79)	1.56	(1.44)	4.45
VMIAX	0.82	0.05	0.06	0.13	0.72	(0.94)	1.98	(1.59)	3.97
DFLV	0.57	0.04	0.05	0.14	0.46	(0.64)	1.25	(1.10)	3.09
JAVA	0.57	0.05	0.06	0.15	0.45	(0.62)	1.44	(1.07)	2.77

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