WisdomTree Floating Correlations
| USFR Etf | USD 50.42 0.01 0.02% |
The current 90-days correlation between WisdomTree Floating Rate and SPDR Bloomberg 1 3 is 0.48 (i.e., Very weak diversification). The correlation of WisdomTree Floating 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 Floating Correlation With Market
Significant diversification
The correlation between WisdomTree Floating Rate and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Floating Rate and DJI in the same portfolio, assuming nothing else is changed.
WisdomTree |
Moving together with WisdomTree Etf
| 1.0 | BIL | SPDR Bloomberg 1 | PairCorr |
| 0.99 | SHV | iShares Short Treasury | PairCorr |
| 0.95 | JPST | JPMorgan Ultra Short | PairCorr |
| 0.98 | ICSH | iShares Ultra Short | PairCorr |
| 0.96 | FTSM | First Trust Enhanced | PairCorr |
| 1.0 | SGOV | iShares 0 3 | PairCorr |
| 0.99 | GBIL | Goldman Sachs Access | PairCorr |
| 1.0 | TFLO | iShares Treasury Floating | PairCorr |
| 0.99 | FLRN | SPDR Bloomberg Investment | PairCorr |
| 0.74 | HD | Home Depot | PairCorr |
| 0.87 | T | ATT Inc Aggressive Push | PairCorr |
| 0.9 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.81 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.86 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.94 | WMT | Walmart Aggressive Push | PairCorr |
| 0.9 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.82 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.76 | HPQ | HP Inc | PairCorr |
| 0.87 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
Moving against WisdomTree Etf
| 0.75 | HUM | Humana Inc Buyout Trend | PairCorr |
| 0.39 | LUX | Tema ETF Trust | PairCorr |
| 0.94 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.83 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.72 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.67 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
WisdomTree Floating Constituents Risk-Adjusted Indicators
There is a big difference between WisdomTree Etf performing well and WisdomTree Floating 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 Floating'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BIL | 0.01 | 0.01 | 0.00 | (7.33) | 0.00 | 0.05 | 0.07 | |||
| SHV | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.06 | |||
| JPST | 0.03 | 0.01 | (1.87) | 2.52 | 0.00 | 0.08 | 0.18 | |||
| ICSH | 0.02 | 0.01 | (2.84) | (1.41) | 0.00 | 0.06 | 0.10 | |||
| FTSM | 0.03 | 0.01 | (2.59) | (2.04) | 0.00 | 0.07 | 0.13 | |||
| SGOV | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.07 | |||
| GBIL | 0.01 | 0.01 | 0.00 | 6.73 | 0.00 | 0.05 | 0.07 | |||
| FLRN | 0.04 | 0.01 | (1.46) | 5.76 | 0.00 | 0.13 | 0.23 |