WisdomTree Europe Correlations

EUDG Etf

USD 38.51 0.15 0.39%

The current 90-days correlation between WisdomTree Europe Quality and First Trust Switzerland is 0.77 (i.e., Poor diversification). The correlation of WisdomTree Europe 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 Europe Correlation With Market

Poor diversification

The correlation between WisdomTree Europe Quality and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Europe Quality 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 Europe Quality. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

Moving together with WisdomTree Etf

0.99	VGK	Vanguard FTSE Europe	Pair Corr
0.98	EZU	iShares MSCI Eurozone	Pair Corr
0.99	BBEU	JPMorgan BetaBuilders	Pair Corr
0.99	IEUR	iShares Core MSCI	Pair Corr
0.97	FEZ	SPDR EURO STOXX	Pair Corr
0.99	IEV	iShares Europe ETF	Pair Corr
0.92	HEDJ	WisdomTree Europe Hedged	Pair Corr
0.94	EUFN	iShares MSCI Europe	Pair Corr
0.96	DBEU	Xtrackers MSCI Europe	Pair Corr
0.95	HEZU	iShares Currency Hedged	Pair Corr
0.69	UPRO	ProShares UltraPro SP500	Pair Corr
0.9	QTJA	Innovator ETFs Trust	Pair Corr
0.76	QTOC	Innovator ETFs Trust	Pair Corr
0.9	XTOC	Innovator ETFs Trust	Pair Corr
0.93	QTAP	Innovator Growth 100	Pair Corr
0.92	XTJA	Innovator ETFs Trust	Pair Corr
0.94	XTAP	Innovator Equity Acc	Pair Corr
0.81	ROBO	Robo Global Robotics	Pair Corr
0.94	IXUS	iShares Core MSCI	Pair Corr
0.94	FGD	First Trust Dow	Pair Corr
0.77	LABU	Direxion Daily SP	Pair Corr
0.88	DJD	Invesco Dow Jones	Pair Corr
0.96	JEPI	JPMorgan Equity Premium Sell-off Trend	Pair Corr
0.73	IEMG	iShares Core MSCI	Pair Corr
0.98	RFDI	First Trust RiverFront	Pair Corr
0.97	SPDW	SPDR SP World	Pair Corr
0.73	EEMX	SPDR MSCI Emerging	Pair Corr
0.97	INOV	Innovator ETFs Trust	Pair Corr
0.8	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.72	SSO	ProShares Ultra SP500	Pair Corr
0.96	HAP	VanEck Natural Resources	Pair Corr
0.95	SLX	VanEck Steel ETF	Pair Corr
0.98	FNDF	Schwab Fundamental	Pair Corr
0.82	MBB	iShares MBS ETF Sell-off Trend	Pair Corr
0.75	ITA	iShares Aerospace Defense Low Volatility	Pair Corr
0.92	DJUL	FT Cboe Vest	Pair Corr
0.96	RSSE	First Trust Exchange	Pair Corr
0.95	FTBI	First Trust Exchange	Pair Corr

Related Correlations Analysis

	FSZ	CVMC	FLAU	BETZ	RCGE	ICOP	KARS	MINV	MAVF	YDEC
FSZ		0.87	0.6	0.29	0.96	0.92	0.63	0.44	0.85	0.86	FSZ
CVMC	0.87		0.64	0.28	0.95	0.92	0.61	0.53	0.96	0.9	CVMC
FLAU	0.6	0.64		0.66	0.66	0.5	0.65	0.74	0.51	0.41	FLAU
BETZ	0.29	0.28	0.66		0.35	0.13	0.05	0.16	0.21	-0.04	BETZ
RCGE	0.96	0.95	0.66	0.35		0.93	0.62	0.5	0.93	0.89	RCGE
ICOP	0.92	0.92	0.5	0.13	0.93		0.61	0.45	0.92	0.96	ICOP
KARS	0.63	0.61	0.65	0.05	0.62	0.61		0.83	0.54	0.61	KARS
MINV	0.44	0.53	0.74	0.16	0.5	0.45	0.83		0.42	0.48	MINV
MAVF	0.85	0.96	0.51	0.21	0.93	0.92	0.54	0.42		0.91	MAVF
YDEC	0.86	0.9	0.41	-0.04	0.89	0.96	0.61	0.48	0.91		YDEC
	FSZ	CVMC	FLAU	BETZ	RCGE	ICOP	KARS	MINV	MAVF	YDEC

Please upgrade your account to get full access to Macroaxis premium features

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

RCGE	+ 0.96	FSZ
MAVF	+ 0.96	CVMC
YDEC	+ 0.96	ICOP
RCGE	+ 0.95	CVMC
ICOP	+ 0.93	RCGE
MAVF	+ 0.93	RCGE

High negative correlations

YDEC

- 0.04

BETZ

WisdomTree Europe Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Europe 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 Europe'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
FSZ	0.53	0.02	(0.02)	0.12	0.57	(0.57)	1.26	(1.12)	3.41
CVMC	0.65	0.00	0.00	0.09	0.71	(0.68)	1.54	(1.21)	3.51
FLAU	0.64	(0.04)	(0.08)	0.04	0.73	(0.69)	1.42	(1.24)	3.51
BETZ	0.89	(0.25)	0.00	(0.18)	0.00	0.00	1.72	(1.86)	5.50
RCGE	0.44	0.02	(0.03)	0.12	0.45	(0.46)	0.77	(0.77)	2.50
ICOP	1.51	0.25	0.15	0.25	1.68	(1.66)	3.00	(3.44)	7.18
KARS	1.06	0.00	(0.01)	0.09	1.16	(1.21)	2.44	(1.78)	6.57
MINV	0.88	0.03	0.01	0.13	0.94	(0.96)	2.16	(1.86)	5.49
MAVF	0.67	0.02	0.03	0.11	0.68	(0.72)	1.46	(1.20)	3.54
YDEC	0.13	0.03	(0.32)	0.36	0.00	(0.19)	0.35	(0.15)	0.95

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC