WisdomTree Trust Correlations

The current 90-days correlation between WisdomTree Trust and ProShares SP MidCap is 0.07 (i.e., Significant 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. If the correlation is 0, the equities are not correlated; they are entirely random.

WisdomTree Trust Correlation With Market

Good diversification

The correlation between WisdomTree Trust and DJI is -0.09 (i.e., Good 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.

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Moving together with WisdomTree Etf

0.82	VUG	Vanguard Growth Index	Pair Corr
0.92	IWF	iShares Russell 1000	Pair Corr
0.92	IVW	iShares SP 500	Pair Corr
0.92	SPYG	SPDR Portfolio SP	Pair Corr
0.88	IUSG	iShares Core SP	Pair Corr
0.9	VONG	Vanguard Russell 1000	Pair Corr
0.89	MGK	Vanguard Mega Cap	Pair Corr
0.7	VRGWX	Vanguard Russell 1000	Pair Corr
0.86	QQQM	Invesco NASDAQ 100	Pair Corr
0.89	IWY	iShares Russell Top	Pair Corr
0.66	PLTI	REX ETF Trust	Pair Corr

Moving against WisdomTree Etf

0.58	VYMI	Vanguard International	Pair Corr
0.54	IGEB	iShares Edge Investment	Pair Corr
0.54	FTCS	First Trust Capital	Pair Corr
0.53	JEPI	JPMorgan Equity Premium	Pair Corr
0.49	EMIF	iShares Emerging Markets	Pair Corr
0.44	STXV	EA Series Trust	Pair Corr
0.39	UEVM	VictoryShares Emerging	Pair Corr
0.37	DISV	Dimensional ETF Trust	Pair Corr
0.31	HEEM	iShares Currency Hedged	Pair Corr
0.63	SPDV	AAM SP 500	Pair Corr
0.61	VDC	Vanguard Consumer Staples	Pair Corr
0.59	FNK	First Trust Mid	Pair Corr
0.55	PID	Invesco International	Pair Corr
0.5	RHRX	Starboard Investment	Pair Corr
0.5	DXJ	WisdomTree Japan Hedged	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.17	-0.23	0.28	0.12	-0.35	-0.02	0.3	0.21	0.27	META
MSFT	-0.17		0.82	-0.61	-0.84	0.79	0.91	0.26	-0.89	-0.94	MSFT
UBER	-0.23	0.82		-0.6	-0.74	0.81	0.7	0.06	-0.83	-0.8	UBER
F	0.28	-0.61	-0.6		0.34	-0.54	-0.43	0.09	0.75	0.67	F
T	0.12	-0.84	-0.74	0.34		-0.62	-0.84	-0.25	0.7	0.73	T
A	-0.35	0.79	0.81	-0.54	-0.62		0.64	0.13	-0.73	-0.83	A
CRM	-0.02	0.91	0.7	-0.43	-0.84	0.64		0.51	-0.77	-0.88	CRM
JPM	0.3	0.26	0.06	0.09	-0.25	0.13	0.51		-0.01	-0.24	JPM
MRK	0.21	-0.89	-0.83	0.75	0.7	-0.73	-0.77	-0.01		0.91	MRK
XOM	0.27	-0.94	-0.8	0.67	0.73	-0.83	-0.88	-0.24	0.91		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

CRM	+ 0.91	MSFT
XOM	+ 0.91	MRK
UBER	+ 0.82	MSFT
A	+ 0.81	UBER
A	+ 0.79	MSFT
MRK	+ 0.75	F

High negative correlations

XOM	- 0.94	MSFT
MRK	- 0.89	MSFT
XOM	- 0.88	CRM
CRM	- 0.84	T
T	- 0.84	MSFT
XOM	- 0.83	A

WisdomTree Trust Competition 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
META	1.53	0.09	0.04	0.20	1.51	(1.75)	3.43	(2.81)	13.69
MSFT	1.33	(0.33)	0.00	(0.60)	0.00	0.00	2.19	(2.87)	13.28
UBER	1.61	(0.31)	0.00	0.76	0.00	0.00	2.46	(4.25)	11.09
F	1.29	0.09	0.07	0.19	1.16	(1.56)	3.61	(2.30)	7.50
T	1.04	0.18	0.06	(1.21)	0.94	(1.20)	3.87	(1.76)	7.44
A	1.26	(0.33)	0.00	(0.19)	0.00	0.00	2.90	(2.72)	7.85
CRM	1.74	(0.35)	0.00	(0.21)	0.00	0.00	3.41	(4.75)	12.37
JPM	1.25	(0.15)	(0.05)	0.01	1.79	(1.31)	2.34	(3.11)	8.17
MRK	1.22	0.33	0.22	0.58	0.98	(1.40)	2.81	(1.98)	8.74
XOM	1.29	0.37	0.19	3.51	1.09	(1.50)	2.90	(2.44)	6.83

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