Virtus WMC Correlations

VWID Etf

USD 27.29 0.05 0.18%

The current 90-days correlation between Virtus WMC International and Franklin Templeton ETF is 0.72 (i.e., Poor diversification). The correlation of Virtus WMC 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.

Virtus WMC Correlation With Market

Weak diversification

The correlation between Virtus WMC International and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Virtus WMC International 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 Virtus WMC International. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Virtus Etf

0.98	EFV	iShares MSCI EAFE	Pair Corr
0.96	FNDF	Schwab Fundamental	Pair Corr
0.85	VYMI	Vanguard International	Pair Corr
0.97	IDV	iShares International	Pair Corr
0.91	DFIV	Dimensional International	Pair Corr
0.96	IVLU	iShares Edge MSCI	Pair Corr
0.94	RODM	Hartford Multifactor	Pair Corr
0.96	PXF	Invesco FTSE RAFI	Pair Corr
0.99	HDEF	Xtrackers MSCI EAFE	Pair Corr
0.8	PID	Invesco International	Pair Corr
0.83	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.88	KO	Coca Cola Aggressive Push	Pair Corr
0.7	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.66	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.81	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against Virtus Etf

0.81	MEME	Roundhill Investments	Pair Corr
0.79	MSTY	YieldMax MSTR Option	Pair Corr
0.77	RSPY	Tuttle Capital Management	Pair Corr
0.68	DISO	Tidal Trust II	Pair Corr
0.66	DSJA	DSJA	Pair Corr
0.51	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.51	DIVG	Invesco Exchange Traded	Pair Corr
0.48	DIVB	iShares Dividend	Pair Corr
0.32	ITWO	Proshares Russell 2000 Low Volatility	Pair Corr
0.82	BAC	Bank of America Aggressive Push	Pair Corr
0.79	BTC	Grayscale Bitcoin Mini	Pair Corr
0.7	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.64	WMT	Walmart Aggressive Push	Pair Corr
0.59	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.46	T	ATT Inc Sell-off Trend	Pair Corr
0.42	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	DIEM	DIVD	DIVG	DIVI	DIVL	DIVO	DIVP	DIVY	MDPL
DIEM		0.48	0.31	0.27	0.4	0.48	0.47	0.46	0.46	DIEM
DIVD	0.48		-0.22	0.85	-0.23	-0.08	0.07	0.68	0.13	DIVD
DIVG	0.31	-0.22		-0.64	0.96	0.96	0.94	0.47	0.83	DIVG
DIVI	0.27	0.85	-0.64		-0.65	-0.51	-0.41	0.27	-0.26	DIVI
DIVL	0.4	-0.23	0.96	-0.65		0.95	0.9	0.41	0.81	DIVL
DIVO	0.48	-0.08	0.96	-0.51	0.95		0.94	0.56	0.89	DIVO
DIVP	0.47	0.07	0.94	-0.41	0.9	0.94		0.68	0.84	DIVP
DIVY	0.46	0.68	0.47	0.27	0.41	0.56	0.68		0.72	DIVY
MDPL	0.46	0.13	0.83	-0.26	0.81	0.89	0.84	0.72		MDPL
	DIEM	DIVD	DIVG	DIVI	DIVL	DIVO	DIVP	DIVY	MDPL

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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

DIVL	+ 0.96	DIVG
DIVO	+ 0.96	DIVG
DIVO	+ 0.95	DIVL
DIVP	+ 0.94	DIVG
DIVP	+ 0.94	DIVO
DIVP	+ 0.9	DIVL

High negative correlations

DIVL	- 0.65	DIVI
DIVI	- 0.64	DIVG
DIVO	- 0.51	DIVI
DIVP	- 0.41	DIVI
MDPL	- 0.26	DIVI
DIVL	- 0.23	DIVD

Virtus WMC Constituents Risk-Adjusted Indicators

There is a big difference between Virtus Etf performing well and Virtus WMC 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 Virtus WMC'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
DIEM	0.87	(0.03)	(0.08)	0.05	1.14	(0.90)	1.97	(2.01)	7.08
DIVD	0.50	(0.07)	(0.20)	0.00	0.59	(0.56)	0.95	(0.98)	2.80
DIVG	0.49	0.03	(0.02)	0.17	0.39	(0.55)	1.12	(0.86)	3.07
DIVI	0.65	(0.14)	0.00	(0.22)	0.00	0.00	1.41	(1.58)	3.95
DIVL	0.50	0.03	(0.01)	0.16	0.37	(0.57)	1.17	(0.85)	2.93
DIVO	0.47	0.01	(0.04)	0.14	0.26	(0.56)	1.17	(0.67)	3.12
DIVP	0.43	0.01	(0.09)	0.13	0.34	(0.48)	0.88	(0.72)	2.31
DIVY	0.60	(0.05)	(0.12)	0.06	0.54	(0.75)	1.20	(0.90)	3.79
MDPL	0.57	(0.03)	(0.07)	0.09	0.51	(0.69)	1.31	(1.01)	4.79

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