WisdomTree Natural Correlations

Etfs . UK . 
Etf . WisdomTree Natural Gas
NGSP Etf   442.90  11.20  2.59%   
The current 90-days correlation between WisdomTree Natural Gas and WisdomTree Battery Solutions is -0.07 (i.e., Good diversification). The correlation of WisdomTree Natural 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. If the correlation is 0, the equities are not correlated; they are entirely random.

WisdomTree Natural Correlation With Market

Excellent diversification

The correlation between WisdomTree Natural Gas and DJI is -0.6 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Natural Gas and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to WisdomTree Natural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WisdomTree Natural when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back WisdomTree Natural - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling WisdomTree Natural Gas to buy it.

Moving against WisdomTree Etf

  0.753LRR GraniteShares 3x LongPairCorr
  0.64EUXS iShares MSCI EuropePairCorr
  0.59XSNR Xtrackers StoxxPairCorr
  0.573LBA GraniteShares 3x LongPairCorr
  0.573BAL WisdomTree EURO STOXXPairCorr
  0.55N4US Invesco JPX NikkeiPairCorr
  0.54JUKC JPMorgan ETFs ICAVPairCorr
  0.54LEMV Ossiam Europe ESGPairCorr
  0.53SMTC Multi Units LuxembourgPairCorr
  0.52RTWO LG Russell 2000PairCorr
  0.49TSM3 Leverage Shares 3xPairCorr
  0.47VJPA Vanguard FTSE JapanPairCorr
  0.46VUAA Vanguard SP 500PairCorr
  0.45DHSA WisdomTree Equity IncomePairCorr
  0.42SDG9 Xtrackers MSCI GlobalPairCorr
  0.36IGIL iShares Global InflationPairCorr
  0.36KOR3 Leverage Shares 3xPairCorr
  0.35GDX3 Leverage Shares 3xPairCorr
  0.34SPUT Sprott Physical UraniumPairCorr
  0.34VAGU Vanguard Global AggregatePairCorr
  0.33MUNI Invesco Municipal BondPairCorr
  0.313LLL GraniteShares 3x LongPairCorr
  0.65ASHR Xtrackers Harvest CSI300PairCorr
  0.61DJMC iShares EURO STOXXPairCorr
  0.59JG15 JPM BetaBuildersPairCorr
  0.59FTWG Invesco FTSE AllPairCorr
  0.59ACWI SSgA SPDR ETFsPairCorr
  0.57FEXD First Trust LargePairCorr
  0.55BBIL JPM BetaBuilders TreasuryPairCorr
  0.54SJNK SSgA SPDR ETFsPairCorr
  0.53FWRA Invesco FTSE AllPairCorr
  0.49DMAG GLOBAL X ETFSPairCorr

Related Correlations Analysis


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

XOM
+ 0.88
MRK
CRM
+ 0.87
MSFT
UBER
+ 0.82
MSFT
A
+ 0.82
UBER
A
+ 0.76
MSFT
MRK
+ 0.75
F
  

High negative correlations

XOM
- 0.93
MSFT
MRK
- 0.88
MSFT
XOM
- 0.85
CRM
XOM
- 0.81
A
CRM
- 0.81
T
XOM
- 0.8
UBER

WisdomTree Natural Competition Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Natural 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 Natural'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.50  0.07  0.03  0.16  1.44 
(1.78)
 3.43 
(2.60)
 13.69 
MSFT  1.29 (0.39) 0.00 (1.03) 0.00 
 0.00 
 1.90 
(2.74)
 13.28 
UBER  1.56 (0.35) 0.00 (0.63) 0.00 
 0.00 
 2.46 
(3.82)
 11.09 
F  1.22  0.05  0.03  0.13  1.21 
(1.46)
 3.34 
(2.30)
 7.16 
T  1.00  0.15  0.07 (19.14) 0.94 
(1.16)
 3.87 
(1.76)
 7.44 
A  1.26 (0.35) 0.00 (0.21) 0.00 
 0.00 
 2.90 
(2.72)
 7.85 
CRM  1.69 (0.47) 0.00 (0.39) 0.00 
 0.00 
 2.94 
(4.75)
 12.37 
JPM  1.20 (0.06)(0.02) 0.03  1.61 
(1.29)
 2.34 
(2.63)
 7.38 
MRK  1.27  0.38  0.26  0.64  0.97 
(1.50)
 2.93 
(1.98)
 8.74 
XOM  1.29  0.31  0.18  1.25  1.17 
(1.46)
 2.90 
(2.44)
 6.83 

Be your own money manager

Our tools can tell you how much better you can do entering a position in WisdomTree Natural without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Fundamentals Comparison Now

   

Fundamentals Comparison

Compare fundamentals across multiple equities to find investing opportunities
All  Next Launch Module
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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY