WisdomTree Japan Correlations

DXJ Etf

USD 165.06 1.43 0.87%

The current 90-days correlation between WisdomTree Japan Hedged and JPMorgan Active Value is 0.06 (i.e., Significant 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 poor diversification

The correlation between WisdomTree Japan Hedged and DJI is 0.89 (i.e., Very poor 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 median.

Moving together with WisdomTree Etf

0.95	EWJ	iShares MSCI Japan	Pair Corr
0.96	BBJP	JPMorgan BetaBuilders Low Volatility	Pair Corr
0.96	FLJP	Franklin FTSE Japan	Pair Corr
0.99	HEWJ	iShares Currency Hedged	Pair Corr
0.99	DBJP	Xtrackers MSCI Japan	Pair Corr
0.95	DFJ	WisdomTree Japan SmallCap	Pair Corr
0.99	EWJV	iShares MSCI Japan	Pair Corr
0.97	SCJ	iShares MSCI Japan	Pair Corr
0.96	JPXN	iShares JPX Nikkei	Pair Corr
0.91	OIH	VanEck Oil Services	Pair Corr
0.84	WTMF	WisdomTree Managed	Pair Corr
0.86	EWC	iShares MSCI Canada	Pair Corr
0.76	TOT	Advisor Managed Port	Pair Corr
0.85	INTC	Intel	Pair Corr
0.9	BA	Boeing	Pair Corr
0.9	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.94	DD	Dupont De Nemours	Pair Corr
0.93	CAT	Caterpillar	Pair Corr
0.89	MRK	Merck Company Aggressive Push	Pair Corr
0.72	PFE	Pfizer Inc	Pair Corr
0.88	JNJ	Johnson Johnson	Pair Corr
0.89	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Moving against WisdomTree Etf

0.65	ARKW	ARK Next Generation	Pair Corr
0.84	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	CALF	DON	IYF	SLYV	BBEU	DFIS	CGXU	VMIAX	DFLV	JAVA
CALF		0.94	0.85	0.94	0.88	0.83	0.78	0.87	0.93	0.89	CALF
DON	0.94		0.71	0.99	0.93	0.91	0.87	0.96	0.98	0.95	DON
IYF	0.85	0.71		0.71	0.72	0.63	0.61	0.65	0.74	0.72	IYF
SLYV	0.94	0.99	0.71		0.94	0.92	0.89	0.96	0.98	0.95	SLYV
BBEU	0.88	0.93	0.72	0.94		0.97	0.96	0.97	0.98	0.97	BBEU
DFIS	0.83	0.91	0.63	0.92	0.97		0.93	0.97	0.96	0.98	DFIS
CGXU	0.78	0.87	0.61	0.89	0.96	0.93		0.94	0.92	0.91	CGXU
VMIAX	0.87	0.96	0.65	0.96	0.97	0.97	0.94		0.98	0.97	VMIAX
DFLV	0.93	0.98	0.74	0.98	0.98	0.96	0.92	0.98		0.97	DFLV
JAVA	0.89	0.95	0.72	0.95	0.97	0.98	0.91	0.97	0.97		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	0.75	0.06	0.08	0.15	0.59	(0.92)	1.91	(1.26)	4.08
DON	0.64	0.09	0.11	0.20	0.44	(0.74)	1.86	(0.94)	3.50
IYF	0.68	(0.01)	(0.01)	0.08	0.81	(0.75)	1.28	(1.46)	4.64
SLYV	0.93	0.12	0.14	0.18	0.76	(1.18)	2.46	(1.81)	5.07
BBEU	0.65	0.12	0.13	0.25	0.56	(0.74)	1.30	(1.25)	3.13
DFIS	0.61	0.19	0.12	(2.29)	0.61	(0.68)	1.29	(1.27)	3.43
CGXU	0.84	0.07	0.06	0.16	0.94	(0.89)	1.72	(1.64)	4.37
VMIAX	0.90	0.23	0.22	0.31	0.71	(1.04)	2.20	(1.63)	5.22
DFLV	0.60	0.12	0.15	0.23	0.39	(0.70)	1.59	(1.18)	3.09
JAVA	0.61	0.15	0.09	8.68	0.48	(0.66)	1.51	(1.14)	3.06

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