WisdomTree Trust Correlations

GEOA Etf

36.39 0.58 1.62%

The current 90-days correlation between WisdomTree Trust and ProShares UltraShort Basic is -0.74 (i.e., Pay attention - limited upside). The correlation of WisdomTree Trust 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 Trust Correlation With Market

Almost no diversification

The correlation between WisdomTree Trust and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Trust and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WisdomTree Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in WisdomTree Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with WisdomTree Etf

0.92	CPST	Calamos ETF Trust	Pair Corr
0.95	ITDD	iShares Trust	Pair Corr
0.93	PAMC	Pacer Lunt MidCap	Pair Corr
0.97	GEND	Spinnaker ETF Series	Pair Corr
0.91	PSCJ	Pacer Swan SOS	Pair Corr
0.93	GBIL	Goldman Sachs Access	Pair Corr
0.96	TXUE	Thornburg International	Pair Corr
0.91	SCAP	Series Portfolios Trust	Pair Corr
0.98	INCM	Franklin Templeton ETF	Pair Corr
0.96	SCHD	Schwab Dividend Equity Aggressive Push	Pair Corr
0.92	LSVD	Advisors Inner	Pair Corr
0.86	LVHD	Legg Mason Low	Pair Corr
0.69	FUTS	Future Science Holdings	Pair Corr
0.92	EFG	iShares MSCI EAFE	Pair Corr
0.94	MUNI	PIMCO Intermediate	Pair Corr
0.93	IBTF	IShares	Pair Corr
0.91	DIVZ	Elevation Series Trust	Pair Corr
0.95	AFIF	Anfield Universal Fixed	Pair Corr
0.93	IMF	Invesco Managed Futures	Pair Corr
0.88	NUGT	Direxion Daily Gold	Pair Corr
0.9	REMX	VanEck Rare EarthStr	Pair Corr
0.97	GSIE	Goldman Sachs ActiveBeta	Pair Corr
0.93	CPSL	Calamos Laddered	Pair Corr
0.82	IZRL	ARK Israel Innovative	Pair Corr
0.91	VIG	Vanguard Dividend	Pair Corr
0.87	PBJ	Invesco Dynamic Food	Pair Corr
0.95	IJJ	iShares SP Mid	Pair Corr
0.95	BLCV	BlackRock ETF Trust	Pair Corr
0.93	ISMF	iShares Managed Futures	Pair Corr
0.82	EVNT	AltShares Event Driven	Pair Corr
0.88	DTCR	Global X Data	Pair Corr
0.95	DUKX	Ocean Park International	Pair Corr
0.87	RSPD	Invesco SP 500	Pair Corr
0.91	RYJ	Invesco Raymond James	Pair Corr
0.92	AOCT	Innovator Equity Defined	Pair Corr
0.94	RTH	VanEck Retail ETF	Pair Corr
0.97	DBAW	Xtrackers MSCI All	Pair Corr

Moving against WisdomTree Etf

0.76

MPAY

Exchange Traded Concepts

Pair Corr

Related Correlations Analysis

	ZYN	GLCR	CHRI	MEME	OOSB	SZK	FLYD	HFSP	AZYY	SMN
ZYN		0.51	0.35	-0.14	-0.27	-0.22	-0.73	-0.44	-0.41	-0.42	ZYN
GLCR	0.51		0.69	0.31	-0.46	-0.84	-0.67	-0.45	-0.52	-0.94	GLCR
CHRI	0.35	0.69		0.56	0.08	-0.45	-0.79	-0.26	-0.07	-0.68	CHRI
MEME	-0.14	0.31	0.56		0.55	-0.18	-0.21	0.39	0.27	-0.32	MEME
OOSB	-0.27	-0.46	0.08	0.55		0.6	0.13	0.6	0.7	0.47	OOSB
SZK	-0.22	-0.84	-0.45	-0.18	0.6		0.37	0.46	0.6	0.88	SZK
FLYD	-0.73	-0.67	-0.79	-0.21	0.13	0.37		0.46	0.35	0.65	FLYD
HFSP	-0.44	-0.45	-0.26	0.39	0.6	0.46	0.46		0.79	0.41	HFSP
AZYY	-0.41	-0.52	-0.07	0.27	0.7	0.6	0.35	0.79		0.52	AZYY
SMN	-0.42	-0.94	-0.68	-0.32	0.47	0.88	0.65	0.41	0.52		SMN
	ZYN	GLCR	CHRI	MEME	OOSB	SZK	FLYD	HFSP	AZYY	SMN

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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

SMN	+ 0.88	SZK
AZYY	+ 0.79	HFSP
AZYY	+ 0.7	OOSB
CHRI	+ 0.69	GLCR
SMN	+ 0.65	FLYD
SZK	+ 0.6	OOSB

High negative correlations

SMN	- 0.94	GLCR
SZK	- 0.84	GLCR
FLYD	- 0.79	CHRI
FLYD	- 0.73	ZYN
SMN	- 0.68	CHRI
FLYD	- 0.67	GLCR

WisdomTree Trust Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Trust 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 Trust'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
ZYN	2.38	(0.33)	0.00	0.79	0.00	0.00	5.04	(5.62)	12.94
GLCR	0.69	0.12	0.08	0.36	1.01	(0.74)	1.45	(1.03)	4.68
CHRI	0.56	(0.05)	0.00	(0.03)	0.00	0.00	1.00	(1.27)	3.77
MEME	3.78	(0.48)	0.00	(0.18)	0.00	0.00	8.55	(9.26)	21.24
OOSB	2.65	(0.87)	0.00	(0.39)	0.00	0.00	4.46	(5.96)	15.03
SZK	1.26	(0.37)	0.00	1.27	0.00	0.00	1.82	(3.02)	7.04
FLYD	3.35	0.12	0.00	0.00	0.00	0.00	7.95	(6.76)	20.43
HFSP	0.98	(0.17)	0.00	6.59	0.00	0.00	1.63	(2.93)	5.58
AZYY	1.19	(0.25)	0.00	(0.22)	0.00	0.00	2.03	(3.16)	6.67
SMN	1.72	(0.42)	0.00	0.23	0.00	0.00	3.00	(4.20)	8.38

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