WisdomTree Emerging Correlations

EMMF Etf

USD 27.21 0.10 0.37%

The current 90-days correlation between WisdomTree Emerging and WisdomTree International Multifactor is 0.73 (i.e., Poor diversification). The correlation of WisdomTree Emerging 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.

WisdomTree Emerging Correlation With Market

Weak diversification

The correlation between WisdomTree Emerging Markets and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in WisdomTree Emerging Markets. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with WisdomTree Etf

0.65	VWO	Vanguard FTSE Emerging	Pair Corr
0.79	IEMG	iShares Core MSCI	Pair Corr
0.83	EMC	Global X Funds	Pair Corr
0.76	EEM	iShares MSCI Emerging	Pair Corr
0.64	SPEM	SPDR Portfolio Emerging	Pair Corr
0.62	FNDE	Schwab Fundamental	Pair Corr
0.75	ESGE	iShares ESG Aware	Pair Corr
0.97	DGS	WisdomTree Emerging	Pair Corr
0.72	XSOE	WisdomTree Emerging	Pair Corr
0.94	EMXC	iShares MSCI Emerging	Pair Corr
0.73	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.65	ULE	ProShares Ultra Euro	Pair Corr
0.71	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.66	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.7	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr

Moving against WisdomTree Etf

0.48	TSJA	TSJA	Pair Corr
0.47	DSJA	DSJA	Pair Corr
0.33	SIXD	AIM ETF Products	Pair Corr
0.66	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.57	DIS	Walt Disney Aggressive Push	Pair Corr
0.53	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.53	WMT	Walmart Aggressive Push	Pair Corr
0.46	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.37	CSCO	Cisco Systems Aggressive Push	Pair Corr

Related Correlations Analysis

	DWMF	EUDG	MFEM	EEMX	DGRE
DWMF		0.92	0.25	0.22	0.95	DWMF
EUDG	0.92		0.26	0.22	0.91	EUDG
MFEM	0.25	0.26		0.99	0.39	MFEM
EEMX	0.22	0.22	0.99		0.36	EEMX
DGRE	0.95	0.91	0.39	0.36		DGRE
	DWMF	EUDG	MFEM	EEMX	DGRE

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WisdomTree Emerging Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Emerging 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 Emerging'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
DWMF	0.51	(0.08)	0.00	(0.09)	0.00	0.00	0.93	(1.07)	2.59
EUDG	0.69	(0.20)	0.00	(0.45)	0.00	0.00	1.04	(1.59)	4.58
MFEM	0.78	(0.05)	0.00	(0.04)	0.00	0.00	2.03	(1.78)	6.33
EEMX	0.86	(0.04)	(0.10)	0.02	1.12	(0.90)	2.01	(2.08)	6.65
DGRE	0.73	(0.16)	0.00	(0.19)	0.00	0.00	1.46	(1.46)	6.74

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