WisdomTree Earnings Correlations

EPS Etf

USD 71.38 0.33 0.46%

The current 90-days correlation between WisdomTree Earnings 500 and WisdomTree Total Dividend is 0.81 (i.e., Very poor diversification). The correlation of WisdomTree Earnings 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 Earnings Correlation With Market

Very poor diversification

The correlation between WisdomTree Earnings 500 and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Earnings 500 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 Earnings 500. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with WisdomTree Etf

0.62	VTV	Vanguard Value Index	Pair Corr
0.7	IWD	iShares Russell 1000	Pair Corr
0.61	DGRO	iShares Core Dividend	Pair Corr
0.72	IVE	iShares SP 500	Pair Corr
0.72	SPYV	SPDR Portfolio SP	Pair Corr
0.72	IUSV	iShares Core SP	Pair Corr
0.69	FNDX	Schwab Fundamental Large	Pair Corr
0.7	VLUE	iShares MSCI USA	Pair Corr
0.93	SIXD	AIM ETF Products	Pair Corr
0.65	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.62	HIYS	Invesco High Yield Symbol Change	Pair Corr
0.93	UAUG	Innovator Equity Ultra	Pair Corr
0.62	CCNR	CoreCommodity Natural	Pair Corr
0.95	GOCT	FT Cboe Vest	Pair Corr
0.62	DISV	Dimensional ETF Trust	Pair Corr
0.64	JEPI	JPMorgan Equity Premium	Pair Corr
0.72	AHYB	American Century ETF	Pair Corr
0.81	NAPR	Innovator Nasdaq 100	Pair Corr
0.65	IJS	iShares SP Small	Pair Corr
0.71	DFE	WisdomTree Europe	Pair Corr
0.63	DFIC	Dimensional International	Pair Corr
0.66	HEEM	iShares Currency Hedged	Pair Corr
0.81	DIA	SPDR Dow Jones	Pair Corr
0.64	UEVM	VictoryShares Emerging	Pair Corr

Moving against WisdomTree Etf

0.81	VIXY	ProShares VIX Short Low Volatility	Pair Corr
0.8	VXX	iPath Series B Low Volatility	Pair Corr

Related Correlations Analysis

	DHS	IYK	EWL	QQQE	GSEW	QDPL	ICOW	NTSX	SPGM	DTD
DHS		0.96	0.93	0.06	0.82	0.38	0.97	0.27	0.88	0.98	DHS
IYK	0.96		0.85	-0.1	0.69	0.2	0.93	0.13	0.77	0.92	IYK
EWL	0.93	0.85		0.25	0.88	0.53	0.95	0.43	0.93	0.95	EWL
QQQE	0.06	-0.1	0.25		0.57	0.82	0.21	0.79	0.49	0.2	QQQE
GSEW	0.82	0.69	0.88	0.57		0.75	0.87	0.66	0.97	0.89	GSEW
QDPL	0.38	0.2	0.53	0.82	0.75		0.46	0.9	0.74	0.52	QDPL
ICOW	0.97	0.93	0.95	0.21	0.87	0.46		0.36	0.93	0.97	ICOW
NTSX	0.27	0.13	0.43	0.79	0.66	0.9	0.36		0.63	0.43	NTSX
SPGM	0.88	0.77	0.93	0.49	0.97	0.74	0.93	0.63		0.94	SPGM
DTD	0.98	0.92	0.95	0.2	0.89	0.52	0.97	0.43	0.94		DTD
	DHS	IYK	EWL	QQQE	GSEW	QDPL	ICOW	NTSX	SPGM	DTD

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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

DTD	+ 0.98	DHS
ICOW	+ 0.97	DHS
SPGM	+ 0.97	GSEW
DTD	+ 0.97	ICOW
IYK	+ 0.96	DHS
ICOW	+ 0.95	EWL

High negative correlations

QQQE

- 0.1

IYK

WisdomTree Earnings Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Earnings 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 Earnings' 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
DHS	0.48	0.14	0.22	0.40	0.00	(0.59)	1.30	(0.61)	2.35
IYK	0.64	0.20	0.16	(2.86)	0.43	(0.74)	1.48	(0.98)	3.51
EWL	0.58	0.22	0.22	(7.78)	0.24	(0.71)	1.54	(0.69)	4.68
QQQE	0.68	0.01	0.00	0.09	0.71	(0.77)	1.18	(1.45)	3.76
GSEW	0.58	0.06	0.07	0.15	0.56	(0.69)	1.24	(1.35)	4.05
QDPL	0.54	0.00	(0.04)	0.07	0.67	(0.58)	1.66	(1.26)	3.56
ICOW	0.52	0.25	0.26	0.64	0.00	(0.61)	1.32	(1.01)	3.34
NTSX	0.53	0.00	(0.04)	0.07	0.61	(0.59)	1.07	(1.03)	3.78
SPGM	0.52	0.08	0.08	0.18	0.50	(0.56)	1.05	(0.99)	3.65
DTD	0.42	0.07	0.07	0.18	0.37	(0.47)	0.93	(0.80)	3.17

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