WisdomTree International Correlations

Etfs USA . 
Etf . WisdomTree International Hedged
IHDG Etf  USD 44.13  0.46  1.05%   
The current 90-days correlation between WisdomTree International and iShares MSCI Intl is 0.88 (i.e., Very poor diversification). The correlation of WisdomTree International 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 International Correlation With Market

Poor diversification

The correlation between WisdomTree International Hedge and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree International Hedge and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in WisdomTree International Hedged. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with WisdomTree Etf

  0.91EFG iShares MSCI EAFEPairCorr
  0.86VIGI Vanguard InternationalPairCorr
  0.88IMTM iShares MSCI IntlPairCorr
  0.91CGXU Capital Group InternPairCorr
  0.93DNL WisdomTree GlobalPairCorr
  0.88IQDG WisdomTree InternationalPairCorr
  0.89IDHQ Invesco SP InternationalPairCorr
  0.61MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr

Moving against WisdomTree Etf

  0.62BTC Grayscale Bitcoin MiniPairCorr
  0.59MSTY YieldMax MSTR OptionPairCorr
  0.51QTOC Innovator ETFs TrustPairCorr
  0.51TSJA TSJAPairCorr
  0.5DSJA DSJAPairCorr
  0.49XTOC Innovator ETFs TrustPairCorr
  0.4XTJA Innovator ETFs TrustPairCorr
  0.4DIVG Invesco Exchange TradedPairCorr
  0.39XDJA Innovator ETFs TrustPairCorr
  0.33XTAP Innovator Equity AccPairCorr
  0.31QTJA Innovator ETFs TrustPairCorr
  0.62T ATT Inc Aggressive PushPairCorr
  0.59DISO Tidal Trust IIPairCorr
  0.58TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.58DIS Walt DisneyPairCorr
  0.51JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr

Related Correlations Analysis

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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   
IVLU
+ 0.96
IQLT
ISCF
+ 0.94
IVLU
ISCF
+ 0.91
IQLT
ISCF
+ 0.64
EMGF
EMGF
+ 0.47
IVLU
EMGF
+ 0.43
IQLT
  
High negative correlations   
SMLF
- 0.6
IQLT
SMLF
- 0.52
IVLU
SMLF
- 0.29
ISCF

WisdomTree International Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree International 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 International'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.

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