WisdomTree Physical Correlations

PHPT Etf

181.49 7.12 4.08%

The current 90-days correlation between WisdomTree Physical and Vanguard FTSE Developed is -0.07 (i.e., Good diversification). The correlation of WisdomTree Physical 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 Physical Correlation With Market

Poor diversification

The correlation between WisdomTree Physical Platinum and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Physical Platinum and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to WisdomTree Physical 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 Physical 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 Physical - 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 Physical Platinum to buy it.

Moving together with WisdomTree Etf

0.82	FXGD	FinEx Physically Gold	Pair Corr
0.85	AUCO	LG Gold Mining	Pair Corr
0.77	ITWN	iShares MSCI Taiwan	Pair Corr
0.87	PHAG	WisdomTree Physical	Pair Corr
0.85	PHAU	WisdomTree Physical Gold	Pair Corr
0.81	EXXY	iShares Diversified	Pair Corr
0.74	EMPA	iShares MSCI EMU	Pair Corr
0.8	CEMU	iShares VII plc	Pair Corr
0.67	NTM	VanEck Multi Asset	Pair Corr
0.78	MODU	iShares Moderate Por	Pair Corr
0.71	IEAC	iShares Core Corp	Pair Corr
0.86	GLDU	Amundi Index Solutions	Pair Corr
0.7	IASP	iShares Asia Property	Pair Corr
0.62	IWDP	iShares Developed Markets	Pair Corr
0.93	DFEU	iShares Europe Defence	Pair Corr
0.67	H2OA	iShares Global Water	Pair Corr
0.78	IWDE	iShares MSCI World	Pair Corr
0.8	SAWI	iShares MSCI ACWI	Pair Corr
0.8	INRA	iShares Global Clean	Pair Corr
0.71	VECP	Vanguard EUR Corporate	Pair Corr
0.77	EXCH	iShares MSCI EM	Pair Corr
0.79	CMEX	iShares VII Public	Pair Corr
0.83	IESE	iShares MSCI Europe	Pair Corr
0.66	WENS	iShares MSCI World	Pair Corr
0.81	MAGU	BlackRock ESG Multi	Pair Corr
0.73	CNYB	iShares China CNY	Pair Corr
0.64	CBE7	iShares VII Public	Pair Corr
0.82	IFFI	iShares MSCI AC	Pair Corr
0.79	EHYD	iShares II plc	Pair Corr
0.85	COPM	iShares Copper Miners	Pair Corr

Moving against WisdomTree Etf

0.48

SXLK

SSgA SPDR ETFs

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.12	-0.14	0.13	0.12	-0.31	-0.04	0.23	0.08	0.21	META
MSFT	-0.12		0.84	-0.65	-0.86	0.8	0.93	0.33	-0.91	-0.94	MSFT
UBER	-0.14	0.84		-0.57	-0.77	0.85	0.75	0.19	-0.81	-0.83	UBER
F	0.13	-0.65	-0.57		0.41	-0.59	-0.51	-0.05	0.75	0.7	F
T	0.12	-0.86	-0.77	0.41		-0.65	-0.84	-0.29	0.75	0.76	T
A	-0.31	0.8	0.85	-0.59	-0.65		0.67	0.2	-0.75	-0.84	A
CRM	-0.04	0.93	0.75	-0.51	-0.84	0.67		0.53	-0.82	-0.9	CRM
JPM	0.23	0.33	0.19	-0.05	-0.29	0.2	0.53		-0.13	-0.32	JPM
MRK	0.08	-0.91	-0.81	0.75	0.75	-0.75	-0.82	-0.13		0.92	MRK
XOM	0.21	-0.94	-0.83	0.7	0.76	-0.84	-0.9	-0.32	0.92		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

Please upgrade your account to get full access to Macroaxis premium features

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

CRM	+ 0.93	MSFT
XOM	+ 0.92	MRK
A	+ 0.85	UBER
UBER	+ 0.84	MSFT
A	+ 0.8	MSFT
XOM	+ 0.76	T

High negative correlations

XOM	- 0.94	MSFT
MRK	- 0.91	MSFT
XOM	- 0.9	CRM
T	- 0.86	MSFT
XOM	- 0.84	A
CRM	- 0.84	T

WisdomTree Physical Competition Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Physical 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 Physical'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
META	1.54	0.08	0.04	0.17	1.53	(1.74)	3.43	(2.81)	13.69
MSFT	1.33	(0.31)	0.00	(0.50)	0.00	0.00	2.19	(2.87)	13.28
UBER	1.56	(0.19)	0.00	(0.30)	0.00	0.00	2.70	(3.82)	11.09
F	1.22	0.09	0.07	0.17	1.05	(1.50)	3.61	(2.22)	7.50
T	1.05	0.15	0.05	(0.64)	0.99	(1.22)	3.87	(1.76)	7.44
A	1.24	(0.41)	0.00	(0.32)	0.00	0.00	2.48	(2.73)	7.20
CRM	1.80	(0.30)	0.00	(0.18)	0.00	0.00	3.66	(4.75)	12.37
JPM	1.27	(0.11)	(0.03)	0.01	1.83	(1.30)	2.34	(3.11)	8.17
MRK	1.27	0.33	0.20	0.72	1.10	(1.42)	2.81	(2.06)	8.74
XOM	1.32	0.41	0.23	12.19	1.09	(1.57)	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 Physical 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 Price Transformation Now

Price Transformation

Use Price Transformation models to analyze the depth of different equity instruments across global markets

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