WisdomTree Emerging Correlations

EMMF Etf

USD 32.80 0.28 0.86%

The current 90-days correlation between WisdomTree Emerging and WisdomTree Emerging Markets is -0.17 (i.e., Good 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

Poor diversification

The correlation between WisdomTree Emerging Markets and DJI is 0.6 (i.e., Poor 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.

Build AI portfolio with WisdomTree Etf

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 industry.

Moving together with WisdomTree Etf

0.7	VWO	Vanguard FTSE Emerging	Pair Corr
0.9	IEMG	iShares Core MSCI	Pair Corr
0.92	EEM	iShares MSCI Emerging	Pair Corr
0.77	SPEM	SPDR Portfolio Emerging	Pair Corr
0.94	FNDE	Schwab Fundamental	Pair Corr
0.71	ESGE	iShares ESG Aware	Pair Corr
0.73	SFGRX	Seafarer Overseas	Pair Corr
0.8	DGS	WisdomTree Emerging	Pair Corr
0.85	XSOE	WisdomTree Emerging	Pair Corr
0.85	ITDD	iShares Trust	Pair Corr
0.75	CPST	Calamos ETF Trust	Pair Corr
0.78	DDFO	Innovator Equity Dual Sell-off Trend	Pair Corr
0.67	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.73	XOM	Exxon Mobil Corp	Pair Corr
0.69	CAT	Caterpillar	Pair Corr
0.79	BAC	Bank of America	Pair Corr

Moving against WisdomTree Etf

0.35	HD	Home Depot	Pair Corr
0.53	PG	Procter Gamble	Pair Corr
0.38	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	DGRE	GSEE	RFDI	ECML	BLES	IEZ	FYT	PIE	ERNZ	AVDS
DGRE		0.67	0.86	0.51	0.65	0.74	0.53	0.3	-0.51	0.68	DGRE
GSEE	0.67		0.52	0.3	0.66	0.47	0.28	0.16	-0.04	0.55	GSEE
RFDI	0.86	0.52		0.79	0.81	0.68	0.83	0.48	-0.27	0.89	RFDI
ECML	0.51	0.3	0.79		0.87	0.54	0.92	0.32	0.03	0.9	ECML
BLES	0.65	0.66	0.81	0.87		0.57	0.83	0.31	0.04	0.93	BLES
IEZ	0.74	0.47	0.68	0.54	0.57		0.51	0.19	-0.5	0.51	IEZ
FYT	0.53	0.28	0.83	0.92	0.83	0.51		0.47	0.12	0.86	FYT
PIE	0.3	0.16	0.48	0.32	0.31	0.19	0.47		0.22	0.32	PIE
ERNZ	-0.51	-0.04	-0.27	0.03	0.04	-0.5	0.12	0.22		-0.02	ERNZ
AVDS	0.68	0.55	0.89	0.9	0.93	0.51	0.86	0.32	-0.02		AVDS
	DGRE	GSEE	RFDI	ECML	BLES	IEZ	FYT	PIE	ERNZ	AVDS

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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

AVDS	+ 0.93	BLES
FYT	+ 0.92	ECML
AVDS	+ 0.9	ECML
AVDS	+ 0.89	RFDI
BLES	+ 0.87	ECML
RFDI	+ 0.86	DGRE

High negative correlations

ERNZ	- 0.51	DGRE
ERNZ	- 0.5	IEZ
ERNZ	- 0.27	RFDI
ERNZ	- 0.04	GSEE
AVDS	- 0.02	ERNZ

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
DGRE	0.68	0.15	0.10	0.73	0.67	(0.75)	1.79	(1.32)	4.07
GSEE	0.77	0.03	0.02	0.11	0.91	(0.85)	1.78	(1.32)	4.78
RFDI	0.53	0.09	0.04	0.54	0.56	(0.54)	1.15	(1.14)	2.82
ECML	0.67	(0.01)	(0.02)	0.06	0.67	(0.86)	1.57	(1.21)	3.72
BLES	0.55	(0.01)	(0.03)	0.06	0.69	(0.55)	1.15	(1.27)	2.74
IEZ	1.41	0.16	0.09	0.20	1.76	(1.50)	3.88	(3.17)	9.31
FYT	0.82	0.01	(0.03)	0.10	1.04	(0.84)	1.83	(1.59)	4.48
PIE	0.86	(0.02)	0.00	(0.25)	0.00	0.00	1.63	(1.83)	6.85
ERNZ	0.52	(0.11)	0.00	(0.53)	0.00	0.00	0.92	(1.29)	2.73
AVDS	0.62	0.03	0.02	0.12	0.68	(0.65)	1.28	(1.31)	2.91

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