WisdomTree Cybersecurity Correlations

WCBR Etf

USD 28.40 0.31 1.08%

The current 90-days correlation between WisdomTree Cybersecurity and iShares SP Small Cap is 0.58 (i.e., Very weak diversification). The correlation of WisdomTree Cybersecurity 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 Cybersecurity Correlation With Market

Very weak diversification

The correlation between WisdomTree Cybersecurity and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Cybersecurity and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WisdomTree Etf

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WisdomTree Cybersecurity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with WisdomTree Etf

0.91	CIBR	First Trust NASDAQ	Pair Corr
0.88	IGV	iShares Expanded Tech	Pair Corr
0.86	FDN	First Trust Dow	Pair Corr
0.62	PG	Procter Gamble	Pair Corr
0.78	HPQ	HP Inc	Pair Corr
0.62	BA	Boeing	Pair Corr
0.82	HD	Home Depot	Pair Corr

Moving against WisdomTree Etf

0.74	AGQ	ProShares Ultra Silver Buyout Trend	Pair Corr
0.63	GDMN	WisdomTree Efficient Gold Low Volatility	Pair Corr
0.5	MUU	Direxion Daily MU Trending	Pair Corr
0.49	MULL	GraniteShares 2x Long Trending	Pair Corr
0.48	NUGT	Direxion Daily Gold	Pair Corr
0.45	JNUG	Direxion Daily Junior	Pair Corr
0.32	GDXU	MicroSectors Gold Miners	Pair Corr
0.85	JNJ	Johnson Johnson	Pair Corr
0.81	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.73	TRV	The Travelers Companies	Pair Corr
0.69	WMT	Walmart Common Stock	Pair Corr
0.68	KO	Coca Cola	Pair Corr
0.67	AA	Alcoa Corp Sell-off Trend	Pair Corr
0.67	MCD	McDonalds	Pair Corr
0.62	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.57	BAC	Bank of America	Pair Corr
0.46	IBM	International Business	Pair Corr

Related Correlations Analysis

	IJS	IJT	IBB	IJJ	URTH	VINAX	IOO	ACWX	PPA	FXI
IJS		0.91	0.49	0.96	0.84	0.78	0.59	0.78	0.21	-0.2	IJS
IJT	0.91		0.17	0.95	0.71	0.83	0.3	0.61	0.38	0.0	IJT
IBB	0.49	0.17		0.35	0.58	0.18	0.84	0.62	-0.33	-0.63	IBB
IJJ	0.96	0.95	0.35		0.72	0.75	0.4	0.64	0.22	-0.15	IJJ
URTH	0.84	0.71	0.58	0.72		0.84	0.83	0.94	0.37	-0.07	URTH
VINAX	0.78	0.83	0.18	0.75	0.84		0.48	0.79	0.69	0.13	VINAX
IOO	0.59	0.3	0.84	0.4	0.83	0.48		0.8	-0.02	-0.32	IOO
ACWX	0.78	0.61	0.62	0.64	0.94	0.79	0.8		0.38	-0.09	ACWX
PPA	0.21	0.38	-0.33	0.22	0.37	0.69	-0.02	0.38		0.46	PPA
FXI	-0.2	0.0	-0.63	-0.15	-0.07	0.13	-0.32	-0.09	0.46		FXI
	IJS	IJT	IBB	IJJ	URTH	VINAX	IOO	ACWX	PPA	FXI

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

IJJ	+ 0.96	IJS
IJJ	+ 0.95	IJT
ACWX	+ 0.94	URTH
IJT	+ 0.91	IJS
URTH	+ 0.84	IJS
IOO	+ 0.84	IBB

High negative correlations

FXI	- 0.63	IBB
PPA	- 0.33	IBB
FXI	- 0.32	IOO
FXI	- 0.2	IJS
FXI	- 0.15	IJJ
FXI	- 0.09	ACWX

WisdomTree Cybersecurity Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Cybersecurity 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 Cybersecurity'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
IJS	0.89	(0.01)	0.01	0.05	1.12	(0.89)	2.31	(2.13)	4.79
IJT	0.80	(0.03)	(0.02)	0.03	1.08	(0.76)	1.66	(1.53)	4.24
IBB	0.87	0.23	0.24	0.30	0.63	(1.01)	2.00	(1.38)	5.02
IJJ	0.71	(0.01)	(0.01)	0.05	0.95	(0.70)	1.85	(1.31)	3.89
URTH	0.56	0.00	(0.01)	0.05	0.87	(0.51)	1.11	(1.23)	3.05
VINAX	0.77	(0.02)	(0.01)	0.04	0.96	(0.78)	1.41	(1.83)	3.89
IOO	0.63	0.03	0.03	0.10	0.85	(0.62)	1.55	(1.54)	3.66
ACWX	0.58	0.02	0.01	0.08	0.79	(0.55)	1.02	(1.22)	3.24
PPA	0.89	0.02	0.02	0.07	1.09	(0.91)	1.85	(1.90)	5.04
FXI	0.90	(0.13)	0.00	(0.08)	0.00	0.00	1.64	(1.37)	6.99

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

2025 Macroaxis LLC