WisdomTree Japan Correlations

DXJ Etf

USD 144.41 0.51 0.35%

The current 90-days correlation between WisdomTree Japan Hedged and Vanguard Financials Index is 0.54 (i.e., Very 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 0.54 (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 median.

Moving together with WisdomTree Etf

0.77	EWJ	iShares MSCI Japan	Pair Corr
0.81	BBJP	JPMorgan BetaBuilders	Pair Corr
0.79	FLJP	Franklin FTSE Japan	Pair Corr
0.96	HEWJ	iShares Currency Hedged	Pair Corr
0.95	DBJP	Xtrackers MSCI Japan	Pair Corr
0.63	DFJ	WisdomTree Japan SmallCap	Pair Corr
0.9	EWJV	iShares MSCI Japan	Pair Corr
0.66	SCJ	iShares MSCI Japan	Pair Corr
0.78	JPXN	iShares JPX Nikkei	Pair Corr
0.71	JADE	JP Morgan Exchange	Pair Corr
0.95	PBJA	PGIM Rock ETF	Pair Corr
0.77	TJUL	Innovator Etfs Trust	Pair Corr
0.66	GBUG	Sprott Active Gold	Pair Corr
0.84	CPER	United States Copper	Pair Corr
0.83	FTBI	First Trust Exchange	Pair Corr
0.94	CLOX	Series Portfolios Trust	Pair Corr
0.81	MYCI	SPDR SSGA My2029	Pair Corr
0.71	ITDJ	iShares Trust	Pair Corr
0.86	HLAL	Wahed FTSE USA	Pair Corr
0.67	SMLV	SPDR SSGA Small	Pair Corr
0.87	PHT	PHT	Pair Corr
0.68	GUSA	Goldman Sachs MarketBeta	Pair Corr

Moving against WisdomTree Etf

0.83	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.64	FBL	GraniteShares 15x Long	Pair Corr
0.49	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.33	NVDL	GraniteShares 15x Long Aggressive Push	Pair Corr
0.69	DAPP	VanEck Digital Trans	Pair Corr

Related Correlations Analysis

	VFH	VTWO	SPMD	DFIV	EMXC	IWN	IWO	SCHV	TIP	SPEM
VFH		0.74	0.88	0.73	0.19	0.83	0.59	0.88	-0.46	0.08	VFH
VTWO	0.74		0.92	0.61	0.48	0.95	0.95	0.86	-0.05	0.35	VTWO
SPMD	0.88	0.92		0.76	0.43	0.96	0.79	0.96	-0.23	0.29	SPMD
DFIV	0.73	0.61	0.76		0.62	0.78	0.38	0.86	-0.44	0.1	DFIV
EMXC	0.19	0.48	0.43	0.62		0.46	0.44	0.5	0.06	0.63	EMXC
IWN	0.83	0.95	0.96	0.78	0.46		0.81	0.95	-0.19	0.19	IWN
IWO	0.59	0.95	0.79	0.38	0.44	0.81		0.69	0.1	0.47	IWO
SCHV	0.88	0.86	0.96	0.86	0.5	0.95	0.69		-0.24	0.27	SCHV
TIP	-0.46	-0.05	-0.23	-0.44	0.06	-0.19	0.1	-0.24		0.23	TIP
SPEM	0.08	0.35	0.29	0.1	0.63	0.19	0.47	0.27	0.23		SPEM
	VFH	VTWO	SPMD	DFIV	EMXC	IWN	IWO	SCHV	TIP	SPEM

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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

IWN	+ 0.96	SPMD
SCHV	+ 0.96	SPMD
IWN	+ 0.95	VTWO
IWO	+ 0.95	VTWO
SCHV	+ 0.95	IWN
SPMD	+ 0.92	VTWO

High negative correlations

TIP	- 0.46	VFH
TIP	- 0.44	DFIV
TIP	- 0.24	SCHV
TIP	- 0.23	SPMD
TIP	- 0.19	IWN
TIP	- 0.05	VTWO

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
VFH	0.65	(0.02)	(0.02)	0.05	0.91	(0.68)	1.33	(1.74)	4.30
VTWO	0.97	(0.04)	(0.01)	0.04	1.26	(0.94)	1.93	(1.97)	5.56
SPMD	0.74	(0.03)	(0.02)	0.05	0.99	(0.71)	1.87	(1.61)	3.84
DFIV	0.54	0.08	0.08	0.18	0.50	(0.58)	1.14	(1.15)	2.70
EMXC	0.73	0.06	0.05	0.15	0.90	(0.73)	1.54	(1.48)	4.98
IWN	0.85	(0.03)	(0.01)	0.05	1.04	(0.88)	2.03	(1.85)	4.39
IWO	1.13	(0.06)	(0.01)	0.04	1.48	(1.04)	2.02	(2.23)	6.94
SCHV	0.51	(0.01)	(0.03)	0.07	0.56	(0.53)	1.10	(1.06)	2.68
TIP	0.15	(0.01)	(0.44)	(0.23)	0.19	(0.15)	0.28	(0.23)	0.88
SPEM	0.60	(0.03)	(0.05)	0.04	0.84	(0.64)	1.12	(1.07)	4.41

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