WisdomTree Trust Correlations

GEOA Etf

36.03 0.21 0.58%

The current 90-days correlation between WisdomTree Trust and Proshares Russell 2000 is -0.15 (i.e., Good diversification). 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

Very poor diversification

The correlation between WisdomTree Trust and DJI is 0.82 (i.e., Very poor 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 employment.

Moving together with WisdomTree Etf

0.83	ITWO	Proshares Russell 2000	Pair Corr
0.64	AMPD	Tidal ETF Services	Pair Corr
0.71	ELON	Battleshares TSLA	Pair Corr
0.87	CPST	Calamos ETF Trust	Pair Corr
0.94	EDOG	ALPS Emerging Sector	Pair Corr
0.96	YLDE	ClearBridge Dividend	Pair Corr
0.9	APRT	AllianzIM Large Cap	Pair Corr
0.68	FVC	First Trust Dorsey	Pair Corr
0.92	EZRO	AlphaDroid Defensive	Pair Corr
0.9	XSHD	Invesco SP SmallCap	Pair Corr
0.93	LDSF	First Trust Low	Pair Corr
0.8	DRN	Direxion Daily Real	Pair Corr
0.9	SHY	iShares 1 3 Sell-off Trend	Pair Corr
0.97	IDUB	ETF Series Solutions	Pair Corr
0.94	ZTWO	Fm 2 Year	Pair Corr
0.96	IVAL	Alpha Architect Inte	Pair Corr
0.93	XMAR	First Trust Exchange	Pair Corr
0.94	IHDG	WisdomTree International	Pair Corr
0.96	ULST	SPDR SSgA Ultra	Pair Corr
0.95	MYCG	SPDR SSGA My2027	Pair Corr
0.96	XOMX	Direxion Daily XOM	Pair Corr
0.96	FUMB	First Trust Ultra	Pair Corr
0.89	PICB	Invesco International	Pair Corr
0.97	ABI	VictoryShares Pioneer	Pair Corr
0.81	IBND	SPDR Bloomberg Inter	Pair Corr
0.82	BEX	Investment Managers	Pair Corr
0.94	SPHD	Invesco SP 500	Pair Corr
0.9	OUSA	ALPS ETF Trust	Pair Corr
0.89	GDE	WisdomTree Efficient Gold	Pair Corr
0.88	MILK	Pacer Cash Cows	Pair Corr
0.97	FNDF	Schwab Fundamental	Pair Corr
0.82	FJUN	FT Cboe Vest	Pair Corr
0.98	FTDS	First Trust Dividend	Pair Corr
0.93	BDVG	Litman Gregory Funds	Pair Corr
0.67	PSLV	Sprott Physical Silver	Pair Corr
0.97	FEDM	FlexShares ESG Climate	Pair Corr

Moving against WisdomTree Etf

0.89

MPAY

Exchange Traded Concepts

Pair Corr

Related Correlations Analysis

	CRWG	AVGG	GIGL	TMED	ITWO
CRWG		-0.09	0.16	0.04	0.54	CRWG
AVGG	-0.09		-0.5	-0.26	-0.62	AVGG
GIGL	0.16	-0.5		0.2	0.55	GIGL
TMED	0.04	-0.26	0.2		0.37	TMED
ITWO	0.54	-0.62	0.55	0.37		ITWO
	CRWG	AVGG	GIGL	TMED	ITWO

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

ITWO	+ 0.55	GIGL
ITWO	+ 0.54	CRWG
ITWO	+ 0.37	TMED
TMED	+ 0.2	GIGL
GIGL	+ 0.16	CRWG
TMED	+ 0.04	CRWG

High negative correlations

ITWO	- 0.62	AVGG
GIGL	- 0.5	AVGG
TMED	- 0.26	AVGG
AVGG	- 0.09	CRWG

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
CRWG	9.78	0.66	0.06	2.97	11.03	(11.81)	22.14	(17.29)	63.89
AVGG	3.79	(0.49)	0.00	5.81	0.00	0.00	6.33	(8.74)	29.52
GIGL	0.14	0.01	(0.15)	0.13	0.12	(0.15)	0.32	(0.37)	0.81
TMED	0.76	(0.05)	0.00	(0.05)	0.00	0.00	1.96	(1.62)	5.08
ITWO	0.85	0.04	0.04	0.08	0.96	(0.92)	1.99	(1.87)	4.75

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