WisdomTree Europe Correlations

EUDG Etf

USD 37.53 0.21 0.56%

The current 90-days correlation between WisdomTree Europe Quality and First Trust Switzerland is 0.14 (i.e., Average 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 0.72 (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 services.

Moving together with WisdomTree Etf

0.98	VGK	Vanguard FTSE Europe	Pair Corr
0.94	EZU	iShares MSCI Eurozone	Pair Corr
0.98	BBEU	JPMorgan BetaBuilders	Pair Corr
0.97	IEUR	iShares Core MSCI	Pair Corr
0.94	FEZ	SPDR EURO STOXX	Pair Corr
0.98	IEV	iShares Europe ETF	Pair Corr
0.84	HEDJ	WisdomTree Europe Hedged	Pair Corr
0.86	EUFN	iShares MSCI Europe	Pair Corr
0.9	DBEU	Xtrackers MSCI Europe	Pair Corr
0.9	HEZU	iShares Currency Hedged	Pair Corr
0.83	ITDD	iShares Trust	Pair Corr
0.66	AMPD	Tidal ETF Services	Pair Corr
0.91	CPST	Calamos ETF Trust	Pair Corr
0.77	ITWO	Proshares Russell 2000	Pair Corr
0.92	DFAX	Dimensional World	Pair Corr
0.72	XVV	iShares ESG Screened	Pair Corr
0.82	SIXS	6 Meridian Small	Pair Corr
0.74	SFTY	Horizon Funds Horizon	Pair Corr
0.77	BATT	Amplify Lithium Battery	Pair Corr
0.73	VOO	Vanguard SP 500	Pair Corr
0.82	IAU	iShares Gold Trust	Pair Corr
0.61	SAWS	AAM Sawgrass Small	Pair Corr
0.7	SCJ	iShares MSCI Japan	Pair Corr
0.79	AVUV	Avantis Small Cap	Pair Corr
0.89	APRT	AllianzIM Large Cap	Pair Corr
0.88	FTBI	First Trust Exchange	Pair Corr
0.86	AJUL	Innovator Equity Defined	Pair Corr
0.8	SIL	Global X Silver	Pair Corr
0.67	MMID	MFS Active Exchange	Pair Corr
0.74	CLOX	Series Portfolios Trust	Pair Corr

Related Correlations Analysis

	FSZ	CVMC	FLAU	BETZ	RCGE	ICOP	KARS	MINV	MAVF	YDEC
FSZ		0.59	0.23	0.05	0.79	0.7	0.24	-0.15	0.6	0.58	FSZ
CVMC	0.59		0.42	0.18	0.89	0.77	0.24	-0.02	0.91	0.68	CVMC
FLAU	0.23	0.42		0.66	0.35	0.05	0.48	0.78	0.11	-0.21	FLAU
BETZ	0.05	0.18	0.66		0.08	-0.2	-0.11	0.56	-0.1	-0.51	BETZ
RCGE	0.79	0.89	0.35	0.08		0.82	0.24	-0.14	0.82	0.73	RCGE
ICOP	0.7	0.77	0.05	-0.2	0.82		0.21	-0.41	0.84	0.87	ICOP
KARS	0.24	0.24	0.48	-0.11	0.24	0.21		0.54	0.13	0.14	KARS
MINV	-0.15	-0.02	0.78	0.56	-0.14	-0.41	0.54		-0.27	-0.55	MINV
MAVF	0.6	0.91	0.11	-0.1	0.82	0.84	0.13	-0.27		0.86	MAVF
YDEC	0.58	0.68	-0.21	-0.51	0.73	0.87	0.14	-0.55	0.86		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

MAVF	+ 0.91	CVMC
RCGE	+ 0.89	CVMC
YDEC	+ 0.87	ICOP
YDEC	+ 0.86	MAVF
MAVF	+ 0.84	ICOP
ICOP	+ 0.82	RCGE

High negative correlations

YDEC	- 0.55	MINV
YDEC	- 0.51	BETZ
MINV	- 0.41	ICOP
MAVF	- 0.27	MINV
YDEC	- 0.21	FLAU
ICOP	- 0.2	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	0.54	0.04	(0.02)	0.28	0.67	(0.54)	1.18	(1.20)	3.41
CVMC	0.68	(0.03)	(0.03)	0.04	0.89	(0.66)	1.30	(1.27)	3.51
FLAU	0.67	(0.05)	(0.07)	0.01	0.84	(0.71)	1.46	(1.49)	3.56
BETZ	0.91	(0.25)	0.00	(0.18)	0.00	0.00	1.84	(2.58)	5.55
RCGE	0.56	0.01	(0.02)	0.08	0.61	(0.57)	1.13	(1.09)	3.61
ICOP	1.43	0.29	0.16	0.26	1.61	(1.53)	3.34	(3.37)	9.46
KARS	1.22	0.03	0.02	0.09	1.55	(1.33)	2.81	(1.78)	8.74
MINV	0.97	(0.12)	0.00	(0.05)	0.00	0.00	1.87	(2.11)	6.87
MAVF	0.68	(0.01)	0.00	0.06	0.86	(0.70)	1.46	(1.63)	3.54
YDEC	0.12	0.01	(0.26)	0.14	0.00	(0.15)	0.31	(0.31)	0.86

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

2025 Macroaxis LLC