WisdomTree SmallCap Correlations

EES Etf

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The current 90-days correlation between WisdomTree SmallCap and WisdomTree International Equity is 0.7 (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

Modest diversification

The correlation between WisdomTree SmallCap Earnings and DJI is 0.21 (i.e., Modest 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 signals in consumer price index.

Moving together with WisdomTree Etf

0.98	VBR	Vanguard Small Cap	Pair Corr
0.95	IWN	iShares Russell 2000	Pair Corr
0.77	IJJ	iShares SP Mid	Pair Corr
0.99	DFAT	Dimensional Targeted	Pair Corr
0.78	IJS	iShares SP Small	Pair Corr
0.99	AVUV	Avantis Small Cap	Pair Corr
0.96	DES	WisdomTree SmallCap	Pair Corr
0.98	MDYV	SPDR SP 400	Pair Corr
0.95	CALF	Pacer Small Cap	Pair Corr
0.68	ITDD	iShares Trust	Pair Corr
0.72	CPST	Calamos ETF Trust	Pair Corr
0.68	ITWO	Proshares Russell 2000	Pair Corr
0.69	PBJA	PGIM Rock ETF	Pair Corr
0.85	HYSD	Columbia ETF Trust	Pair Corr
0.68	GBUG	Sprott Active Gold	Pair Corr
0.66	HLAL	Wahed FTSE USA	Pair Corr
0.94	FLCV	Federated Hermes ETF	Pair Corr
0.66	EASG	Xtrackers MSCI EAFE	Pair Corr
0.98	SMLV	SPDR SSGA Small	Pair Corr
0.74	SIL	Global X Silver	Pair Corr
0.78	QULL	ETRACS 2x Leveraged	Pair Corr
0.63	PLTM	GraniteShares Platinum	Pair Corr
0.78	SAWS	AAM Sawgrass Small	Pair Corr
0.76	CSD	Invesco SP Spin	Pair Corr
0.75	TJUL	Innovator Etfs Trust	Pair Corr
0.72	QLC	FlexShares Quality Large	Pair Corr

Related Correlations Analysis

	DWM	DOL	EZM	IYZ	DTH	CXSE	IGE	SMDV	IAT	IXG
DWM		0.97	0.82	0.74	0.88	-0.21	0.62	0.76	0.64	0.81	DWM
DOL	0.97		0.77	0.72	0.93	-0.34	0.67	0.67	0.65	0.82	DOL
EZM	0.82	0.77		0.7	0.83	-0.12	0.8	0.92	0.89	0.89	EZM
IYZ	0.74	0.72	0.7		0.59	-0.07	0.52	0.6	0.59	0.69	IYZ
DTH	0.88	0.93	0.83	0.59		-0.42	0.82	0.7	0.78	0.87	DTH
CXSE	-0.21	-0.34	-0.12	-0.07	-0.42		-0.23	-0.1	-0.17	-0.14	CXSE
IGE	0.62	0.67	0.8	0.52	0.82	-0.23		0.64	0.82	0.78	IGE
SMDV	0.76	0.67	0.92	0.6	0.7	-0.1	0.64		0.84	0.82	SMDV
IAT	0.64	0.65	0.89	0.59	0.78	-0.17	0.82	0.84		0.92	IAT
IXG	0.81	0.82	0.89	0.69	0.87	-0.14	0.78	0.82	0.92		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	+ 0.97	DWM
DTH	+ 0.93	DOL
SMDV	+ 0.92	EZM
IXG	+ 0.92	IAT
IAT	+ 0.89	EZM
IXG	+ 0.89	EZM

High negative correlations

CXSE	- 0.42	DTH
CXSE	- 0.34	DOL
IGE	- 0.23	CXSE
CXSE	- 0.21	DWM
IAT	- 0.17	CXSE
IXG	- 0.14	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	0.54	0.05	(0.01)	0.31	0.55	(0.60)	1.00	(1.10)	2.42
DOL	0.55	0.07	0.02	0.38	0.56	(0.59)	1.13	(1.14)	2.47
EZM	0.72	0.02	(0.03)	0.17	0.88	(0.74)	1.64	(1.38)	4.16
IYZ	0.81	0.10	0.02	(1.58)	1.06	(0.78)	1.76	(1.57)	4.81
DTH	0.49	0.07	0.02	0.40	0.46	(0.53)	1.03	(0.86)	2.27
CXSE	1.01	(0.09)	0.00	(0.89)	0.00	0.00	1.80	(1.92)	9.08
IGE	0.82	0.06	0.00	0.32	1.05	(0.84)	1.51	(1.86)	4.36
SMDV	0.64	0.00	(0.07)	0.05	0.78	(0.78)	2.03	(1.55)	4.04
IAT	0.93	0.09	0.03	0.46	1.35	(0.98)	2.42	(2.15)	7.39
IXG	0.58	0.06	0.01	0.43	0.65	(0.62)	1.21	(1.34)	3.14

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