WisdomTree Japan Correlations

DXJ Etf

USD 166.87 2.71 1.60%

The current 90-days correlation between WisdomTree Japan Hedged and JPMorgan Active Value is 0.04 (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 0.81 (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 small area income & poverty estimates.

Moving together with WisdomTree Etf

0.98	EWJ	iShares MSCI Japan	Pair Corr
0.98	BBJP	JPMorgan BetaBuilders	Pair Corr
0.98	FLJP	Franklin FTSE Japan	Pair Corr
1.0	HEWJ	iShares Currency Hedged	Pair Corr
1.0	DBJP	Xtrackers MSCI Japan	Pair Corr
0.98	DFJ	WisdomTree Japan SmallCap	Pair Corr
0.98	EWJV	iShares MSCI Japan	Pair Corr
0.98	SCJ	iShares MSCI Japan	Pair Corr
0.98	JPXN	iShares JPX Nikkei	Pair Corr
0.67	DHF	BNY Mellon High	Pair Corr
0.91	ARP	Advisors Inner Circle	Pair Corr
0.9	PXMV	Invesco SP MidCap	Pair Corr
0.94	IGA	Voya Global Advantage	Pair Corr
0.94	RHRX	Starboard Investment	Pair Corr
0.95	FNK	First Trust Mid	Pair Corr
0.86	NAPR	Innovator Nasdaq 100	Pair Corr
0.97	VYMI	Vanguard International	Pair Corr
0.85	LALT	Invesco Multi Strategy	Pair Corr
0.75	URA	Global X Uranium	Pair Corr
0.84	AUMI	Themes Gold Miners	Pair Corr
0.94	HEEM	iShares Currency Hedged	Pair Corr
0.64	DOO	BRP Inc Symbol Change	Pair Corr
0.88	EAFG	Pacer Funds Trust	Pair Corr
0.91	ETHO	Amplify Etho Climate	Pair Corr
0.79	GPGCX	Grandeur Peak Global	Pair Corr
0.82	DIA	SPDR Dow Jones Sell-off Trend	Pair Corr
0.97	TAXT	Northern Trust Tax	Pair Corr
0.78	LQIG	SPDR MarketAxess Inv	Pair Corr
0.96	DISV	Dimensional ETF Trust	Pair Corr
0.64	GOCT	FT Cboe Vest	Pair Corr
0.97	DFIC	Dimensional International	Pair Corr
0.91	HIYS	Invesco High Yield Symbol Change	Pair Corr
0.96	JEPI	JPMorgan Equity Premium	Pair Corr

Moving against WisdomTree Etf

0.64	MAGS	Roundhill Magnificent	Pair Corr
0.56	ENTR	EntrepreneurShares	Pair Corr
0.49	PLT	Defiance Leveraged Long	Pair Corr

Related Correlations Analysis

	CALF	DON	IYF	SLYV	BBEU	DFIS	CGXU	VMIAX	DFLV	JAVA
CALF		0.92	0.04	0.94	0.88	0.86	0.86	0.87	0.91	0.88	CALF
DON	0.92		-0.25	0.97	0.93	0.95	0.91	0.97	0.97	0.93	DON
IYF	0.04	-0.25		-0.11	-0.13	-0.24	-0.13	-0.24	-0.16	-0.1	IYF
SLYV	0.94	0.97	-0.11		0.93	0.94	0.92	0.96	0.96	0.95	SLYV
BBEU	0.88	0.93	-0.13	0.93		0.99	0.98	0.98	0.98	0.96	BBEU
DFIS	0.86	0.95	-0.24	0.94	0.99		0.98	0.99	0.98	0.96	DFIS
CGXU	0.86	0.91	-0.13	0.92	0.98	0.98		0.97	0.96	0.95	CGXU
VMIAX	0.87	0.97	-0.24	0.96	0.98	0.99	0.97		0.98	0.96	VMIAX
DFLV	0.91	0.97	-0.16	0.96	0.98	0.98	0.96	0.98		0.96	DFLV
JAVA	0.88	0.93	-0.1	0.95	0.96	0.96	0.95	0.96	0.96		JAVA
	CALF	DON	IYF	SLYV	BBEU	DFIS	CGXU	VMIAX	DFLV	JAVA

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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

DFIS	+ 0.99	BBEU
VMIAX	+ 0.99	DFIS
CGXU	+ 0.98	BBEU
VMIAX	+ 0.98	BBEU
DFLV	+ 0.98	BBEU
CGXU	+ 0.98	DFIS

High negative correlations

IYF	- 0.25	DON
VMIAX	- 0.24	IYF
DFIS	- 0.24	IYF
DFLV	- 0.16	IYF
CGXU	- 0.13	IYF
BBEU	- 0.13	IYF

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	0.70	0.03	0.03	0.10	0.65	(0.85)	1.87	(1.26)	4.82
DON	0.62	0.09	0.11	0.17	0.48	(0.71)	1.85	(1.09)	3.56
IYF	0.78	(0.08)	(0.06)	0.00	1.08	(0.82)	1.33	(1.86)	5.34
SLYV	0.81	0.10	0.12	0.16	0.70	(0.99)	2.27	(1.60)	5.36
BBEU	0.60	0.13	0.14	0.26	0.56	(0.69)	1.23	(1.40)	3.13
DFIS	0.54	0.21	0.22	0.43	0.40	(0.65)	1.36	(0.85)	3.43
CGXU	0.82	0.12	0.11	0.20	0.82	(0.92)	1.72	(1.61)	4.74
VMIAX	0.87	0.27	0.26	0.35	0.63	(1.03)	2.11	(1.59)	5.22
DFLV	0.55	0.13	0.19	0.23	0.32	(0.66)	1.39	(0.99)	3.63
JAVA	0.56	0.15	0.11	(1.44)	0.43	(0.60)	1.51	(1.14)	3.06

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