WisdomTree Multifactor Correlations

USMF Etf

USD 52.69 0.08 0.15%

The current 90-days correlation between WisdomTree Multifactor and Freedom Day Dividend is 0.86 (i.e., Very poor diversification). The correlation of WisdomTree Multifactor 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 Multifactor Correlation With Market

Very poor diversification

The correlation between WisdomTree Multifactor and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Multifactor and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in WisdomTree Multifactor. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with WisdomTree Etf

0.97	VO	Vanguard Mid Cap	Pair Corr
0.99	VXF	Vanguard Extended Market	Pair Corr
0.98	IJH	iShares Core SP	Pair Corr
0.99	IWR	iShares Russell Mid	Pair Corr
0.98	MDY	SPDR SP MIDCAP	Pair Corr
0.92	FV	First Trust Dorsey	Pair Corr
0.98	IVOO	Vanguard SP Mid	Pair Corr
0.98	JHMM	John Hancock Multifactor	Pair Corr
0.99	BBMC	JPMorgan BetaBuilders Mid	Pair Corr
0.97	REGL	ProShares SP MidCap Low Volatility	Pair Corr
0.92	SIXD	AIM ETF Products	Pair Corr
0.71	CEFD	ETRACS Monthly Pay	Pair Corr
0.88	TSJA	TSJA	Pair Corr
0.87	DSJA	DSJA	Pair Corr
0.92	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.91	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.96	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.89	DIS	Walt Disney Sell-off Trend	Pair Corr
0.81	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.86	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.91	WMT	Walmart Aggressive Push	Pair Corr
0.93	CVX	Chevron Corp Sell-off Trend	Pair Corr

Moving against WisdomTree Etf

0.91	ULE	ProShares Ultra Euro	Pair Corr
0.85	VIIX	VIIX	Pair Corr
0.8	YCL	ProShares Ultra Yen	Pair Corr
0.79	FXY	Invesco CurrencyShares	Pair Corr
0.82	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.81	KO	Coca Cola Aggressive Push	Pair Corr
0.81	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.79	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.6	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	MBOX	MCHI	DIVB	DIVS	DIVZ	MCSE	MDCP	EV	FM
MBOX		0.27	0.85	0.29	0.83	-0.41	0.9	0.35	0.41	MBOX
MCHI	0.27		0.49	0.54	0.4	-0.03	0.45	0.97	0.35	MCHI
DIVB	0.85	0.49		0.27	0.97	-0.65	0.96	0.5	0.57	DIVB
DIVS	0.29	0.54	0.27		0.21	0.48	0.32	0.53	-0.04	DIVS
DIVZ	0.83	0.4	0.97	0.21		-0.69	0.93	0.43	0.53	DIVZ
MCSE	-0.41	-0.03	-0.65	0.48	-0.69		-0.58	-0.03	-0.52	MCSE
MDCP	0.9	0.45	0.96	0.32	0.93	-0.58		0.5	0.54	MDCP
EV	0.35	0.97	0.5	0.53	0.43	-0.03	0.5		0.32	EV
FM	0.41	0.35	0.57	-0.04	0.53	-0.52	0.54	0.32		FM
	MBOX	MCHI	DIVB	DIVS	DIVZ	MCSE	MDCP	EV	FM

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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

EV	+ 0.97	MCHI
DIVZ	+ 0.97	DIVB
MDCP	+ 0.96	DIVB
MDCP	+ 0.93	DIVZ
MDCP	+ 0.9	MBOX
DIVB	+ 0.85	MBOX

High negative correlations

MCSE	- 0.69	DIVZ
MCSE	- 0.65	DIVB
MDCP	- 0.58	MCSE
FM	- 0.52	MCSE
MCSE	- 0.41	MBOX
FM	- 0.04	DIVS

WisdomTree Multifactor Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Multifactor 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 Multifactor'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
MBOX	0.61	(0.05)	(0.08)	0.07	0.63	(0.70)	1.25	(1.29)	3.49
MCHI	1.92	0.23	0.04	1.99	2.50	(2.15)	5.40	(3.25)	19.77
DIVB	0.53	0.01	(0.03)	0.13	0.32	(0.66)	1.04	(0.81)	3.81
DIVS	0.48	(0.05)	(0.17)	0.03	0.58	(0.48)	1.00	(1.10)	2.41
DIVZ	0.45	0.02	(0.08)	0.16	0.24	(0.56)	1.05	(0.68)	2.35
MCSE	0.88	(0.25)	0.00	(0.26)	0.00	0.00	1.44	(2.08)	6.65
MDCP	0.70	(0.01)	(0.02)	0.12	0.71	(0.74)	1.43	(1.13)	3.86
EV	1.38	0.13	0.02	0.69	1.59	(1.43)	3.34	(2.78)	7.99
FM	0.15	(0.01)	0.00	0.22	0.00	0.00	0.26	(0.33)	1.16

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