WisdomTree International Correlations

NTSI Etf

USD 36.03 0.18 0.50%

The current 90-days correlation between WisdomTree International and iShares Core Aggressive is 0.73 (i.e., 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

Weak diversification

The correlation between WisdomTree International Effic and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree International Effic and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in WisdomTree International Efficient. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with WisdomTree Etf

0.64	GYLD	Arrow ETF Trust	Pair Corr
0.75	AAIAX	AMERICAN BEACON INTE	Pair Corr
0.93	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.62	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.78	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.95	KO	Coca Cola Sell-off Trend	Pair Corr
0.83	PFE	Pfizer Inc Aggressive Push	Pair Corr

Moving against WisdomTree Etf

0.88	INC	Van Eck	Pair Corr
0.85	SQY	Tidal Trust II	Pair Corr
0.81	GLDX	USCF Gold Strategy Symbol Change	Pair Corr
0.76	XOVR	SPDR BOFA MERRILL Symbol Change	Pair Corr
0.75	ALUM	US Commodity Funds	Pair Corr
0.7	BCHP	EGSHARES BLUE CHIP	Pair Corr
0.68	LETB	AdvisorShares	Pair Corr
0.58	FDV	First Trust Capital	Pair Corr
0.55	LALT	Invesco Multi Strategy	Pair Corr
0.43	FCEF	First Trust Income	Pair Corr
0.9	BAC	Bank of America Aggressive Push	Pair Corr
0.87	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.8	WMT	Walmart Aggressive Push	Pair Corr
0.79	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.78	DIS	Walt Disney Aggressive Push	Pair Corr
0.72	T	ATT Inc Aggressive Push	Pair Corr
0.71	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.41	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.4	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.4	HD	Home Depot Sell-off Trend	Pair Corr

Related Correlations Analysis

	AOA	RLY	GAL	PPI	GAA	GYLD
AOA		0.86	0.98	0.84	0.79	0.36	AOA
RLY	0.86		0.89	0.88	0.77	0.54	RLY
GAL	0.98	0.89		0.83	0.84	0.45	GAL
PPI	0.84	0.88	0.83		0.71	0.4	PPI
GAA	0.79	0.77	0.84	0.71		0.44	GAA
GYLD	0.36	0.54	0.45	0.4	0.44		GYLD
	AOA	RLY	GAL	PPI	GAA	GYLD

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AOA	0.43	(0.04)	(0.16)	0.05	0.53	(0.45)	0.98	(0.78)	2.69
RLY	0.48	(0.04)	(0.16)	0.01	0.72	(0.43)	1.05	(1.12)	2.51
GAL	0.37	(0.03)	(0.20)	0.05	0.43	(0.40)	0.72	(0.70)	2.28
PPI	0.53	0.02	(0.11)	0.74	0.73	(0.59)	1.02	(1.29)	3.57
GAA	0.42	(0.03)	(0.19)	0.03	0.54	(0.43)	1.04	(0.88)	2.78
GYLD	0.40	(0.03)	(0.15)	(0.02)	0.70	(0.37)	0.85	(0.97)	3.29

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

2024 Macroaxis LLC