WisdomTree Earnings Correlations

EPS Etf

USD 70.98 0.12 0.17%

The current 90-days correlation between WisdomTree Earnings 500 and WisdomTree High Dividend is 0.47 (i.e., Very weak 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 0.86 (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 main economic indicators.

Moving together with WisdomTree Etf

0.85	VTV	Vanguard Value Index	Pair Corr
0.88	VYM	Vanguard High Dividend	Pair Corr
0.92	IWD	iShares Russell 1000	Pair Corr
0.87	DGRO	iShares Core Dividend	Pair Corr
0.95	IVE	iShares SP 500	Pair Corr
0.95	SPYV	SPDR Portfolio SP	Pair Corr
0.94	IUSV	iShares Core SP	Pair Corr
0.71	NOBL	ProShares SP 500	Pair Corr
0.95	FNDX	Schwab Fundamental Large	Pair Corr
0.93	VLUE	iShares MSCI USA	Pair Corr
0.8	MUU	Direxion Daily MU Upward Rally	Pair Corr
0.8	MULL	GraniteShares 2x Long Upward Rally	Pair Corr
0.71	AGQ	ProShares Ultra Silver	Pair Corr
0.68	KORU	Direxion Daily South Trending	Pair Corr
0.75	DD	Dupont De Nemours	Pair Corr
0.8	AA	Alcoa Corp	Pair Corr
0.76	JPM	JPMorgan Chase	Pair Corr
0.71	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.76	IBM	International Business	Pair Corr
0.84	AXP	American Express	Pair Corr
0.7	CSCO	Cisco Systems	Pair Corr
0.62	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.75	CAT	Caterpillar	Pair Corr

Moving against WisdomTree Etf

0.6	PG	Procter Gamble	Pair Corr
0.43	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	DHS	IYK	EWL	QQQE	GSEW	QDPL	ICOW	NTSX	SPGM	DTD
DHS		0.24	0.84	0.16	0.58	0.46	0.66	0.33	0.59	0.88	DHS
IYK	0.24		0.18	-0.1	0.1	-0.23	-0.18	-0.12	-0.12	0.08	IYK
EWL	0.84	0.18		0.35	0.55	0.62	0.73	0.52	0.68	0.79	EWL
QQQE	0.16	-0.1	0.35		0.72	0.75	0.38	0.8	0.63	0.46	QQQE
GSEW	0.58	0.1	0.55	0.72		0.56	0.44	0.57	0.75	0.78	GSEW
QDPL	0.46	-0.23	0.62	0.75	0.56		0.79	0.95	0.85	0.71	QDPL
ICOW	0.66	-0.18	0.73	0.38	0.44	0.79		0.7	0.87	0.82	ICOW
NTSX	0.33	-0.12	0.52	0.8	0.57	0.95	0.7		0.83	0.64	NTSX
SPGM	0.59	-0.12	0.68	0.63	0.75	0.85	0.87	0.83		0.88	SPGM
DTD	0.88	0.08	0.79	0.46	0.78	0.71	0.82	0.64	0.88		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

NTSX	+ 0.95	QDPL
DTD	+ 0.88	DHS
DTD	+ 0.88	SPGM
SPGM	+ 0.87	ICOW
SPGM	+ 0.85	QDPL
EWL	+ 0.84	DHS

High negative correlations

QDPL	- 0.23	IYK
ICOW	- 0.18	IYK
SPGM	- 0.12	IYK
NTSX	- 0.12	IYK
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	0.49	0.00	(0.04)	0.06	0.48	(0.57)	1.26	(0.92)	2.28
IYK	0.56	(0.03)	0.00	(0.14)	0.00	0.00	1.34	(1.04)	3.51
EWL	0.60	0.12	0.14	0.48	0.38	(0.73)	1.47	(0.99)	3.61
QQQE	0.69	0.00	(0.05)	0.06	0.99	(0.69)	1.19	(1.59)	4.14
GSEW	0.62	(0.04)	(0.05)	0.01	0.82	(0.63)	1.15	(1.41)	2.91
QDPL	0.58	0.03	(0.02)	0.35	0.81	(0.58)	1.47	(1.35)	3.55
ICOW	0.57	0.08	0.06	0.16	0.83	(0.55)	1.11	(1.16)	3.45
NTSX	0.57	0.01	(0.04)	0.13	0.72	(0.59)	1.13	(1.10)	3.10
SPGM	0.57	0.01	0.00	0.07	0.81	(0.55)	1.08	(1.26)	3.18
DTD	0.45	(0.01)	(0.05)	0.04	0.51	(0.52)	0.92	(0.86)	2.22

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