WisdomTree SmallCap Correlations

EES Etf

USD 59.75 0.99 1.63%

The current 90-days correlation between WisdomTree SmallCap and iShares Global Financials is 0.73 (i.e., Poor diversification). The correlation of WisdomTree SmallCap 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. If the correlation is 0, the equities are not correlated; they are entirely random.

WisdomTree SmallCap Correlation With Market

Almost no diversification

The correlation between WisdomTree SmallCap Earnings and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree SmallCap Earnings 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 SmallCap Earnings. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with WisdomTree Etf

0.98	VBR	Vanguard Small Cap	Pair Corr
0.98	IWN	iShares Russell 2000	Pair Corr
0.99	DFAT	Dimensional Targeted	Pair Corr
0.99	IJS	iShares SP Small	Pair Corr
0.99	SLYV	SPDR SP 600	Pair Corr
0.99	AVUV	Avantis Small Cap	Pair Corr
0.98	DES	WisdomTree SmallCap	Pair Corr
0.99	MDYV	SPDR SP 400	Pair Corr
0.96	CALF	Pacer Small Cap	Pair Corr
0.95	REGL	ProShares SP MidCap	Pair Corr
0.88	GDXU	MicroSectors Gold Miners Trending	Pair Corr
0.78	MUU	Direxion Daily MU Trending	Pair Corr
0.87	AGQ	ProShares Ultra Silver Upward Rally	Pair Corr
0.78	MULL	GraniteShares 2x Long Trending	Pair Corr
0.9	JNUG	Direxion Daily Junior Trending	Pair Corr
0.71	KORU	Direxion Daily South	Pair Corr
0.89	NUGT	Direxion Daily Gold	Pair Corr
0.88	GDMN	WisdomTree Efficient Gold Low Volatility	Pair Corr
0.92	SLVR	Sprott Silver Miners	Pair Corr
0.84	SHNY	Microsectors Gold	Pair Corr
0.87	GSIG	Goldman Sachs Access	Pair Corr
0.74	PSCT	Invesco SP SmallCap	Pair Corr
0.71	EMCS	Xtrackers MSCI Emerging	Pair Corr
0.89	ZHOG	RBB Fund Symbol Change	Pair Corr
0.94	BMAY	Innovator SP 500	Pair Corr
0.8	SOXY	YieldMax Target 12	Pair Corr
0.91	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.78	MRK	Merck Company	Pair Corr
0.9	AA	Alcoa Corp	Pair Corr
0.77	JNJ	Johnson Johnson	Pair Corr

Moving against WisdomTree Etf

0.74	T	ATT Inc Earnings Call This Week	Pair Corr
0.66	MSFT	Microsoft Earnings Call Tomorrow	Pair Corr
0.6	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	DWM	DOL	EZM	IYZ	DTH	CXSE	IGE	SMDV	IAT	IXG
DWM		0.99	0.94	0.87	0.96	0.32	0.9	0.87	0.89	0.91	DWM
DOL	0.99		0.92	0.86	0.97	0.27	0.93	0.84	0.89	0.91	DOL
EZM	0.94	0.92		0.84	0.92	0.15	0.9	0.95	0.94	0.89	EZM
IYZ	0.87	0.86	0.84		0.85	0.22	0.74	0.72	0.87	0.9	IYZ
DTH	0.96	0.97	0.92	0.85		0.09	0.93	0.83	0.94	0.94	DTH
CXSE	0.32	0.27	0.15	0.22	0.09		0.13	0.15	-0.06	0.08	CXSE
IGE	0.9	0.93	0.9	0.74	0.93	0.13		0.85	0.85	0.78	IGE
SMDV	0.87	0.84	0.95	0.72	0.83	0.15	0.85		0.86	0.77	SMDV
IAT	0.89	0.89	0.94	0.87	0.94	-0.06	0.85	0.86		0.95	IAT
IXG	0.91	0.91	0.89	0.9	0.94	0.08	0.78	0.77	0.95		IXG
	DWM	DOL	EZM	IYZ	DTH	CXSE	IGE	SMDV	IAT	IXG

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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

DOL	+ 0.99	DWM
DTH	+ 0.97	DOL
DTH	+ 0.96	DWM
SMDV	+ 0.95	EZM
IXG	+ 0.95	IAT
EZM	+ 0.94	DWM

High negative correlations

IAT

- 0.06

CXSE

WisdomTree SmallCap Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree SmallCap 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 SmallCap'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
DWM	0.51	0.05	0.04	0.14	0.48	(0.57)	1.03	(1.09)	3.11
DOL	0.54	0.08	0.09	0.19	0.46	(0.57)	1.18	(1.12)	2.81
EZM	0.70	0.03	0.04	0.10	0.65	(0.81)	1.90	(1.13)	4.09
IYZ	0.75	0.00	(0.01)	0.07	1.01	(0.74)	1.80	(1.55)	4.81
DTH	0.47	0.10	0.13	0.26	0.27	(0.56)	1.04	(0.71)	2.47
CXSE	0.90	(0.05)	(0.06)	0.00	1.08	(0.90)	1.75	(1.75)	5.35
IGE	0.84	0.21	0.17	0.50	0.79	(0.93)	1.58	(1.56)	3.89
SMDV	0.68	0.01	0.00	0.09	0.69	(0.85)	2.23	(1.40)	4.02
IAT	0.87	0.16	0.15	0.23	0.75	(0.99)	2.42	(1.19)	4.85
IXG	0.56	0.02	0.02	0.10	0.67	(0.56)	1.22	(1.34)	3.52

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