WisdomTree Global Correlations

WDGF Etf

31.05 0.08 0.26%

The current 90-days correlation between WisdomTree Global Defense and Tidal Trust II is 0.22 (i.e., Modest diversification). The correlation of WisdomTree Global 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 Global Correlation With Market

Average diversification

The correlation between WisdomTree Global Defense and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Global Defense 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 Global Defense. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with WisdomTree Etf

0.62

PPA

Invesco Aerospace Defense

Pair Corr

Moving against WisdomTree Etf

0.42	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.4	VTV	Vanguard Value Index	Pair Corr
0.74	IBTG	iShares iBonds Dec	Pair Corr
0.65	MYCI	SPDR SSGA My2029	Pair Corr
0.57	ECOW	Pacer Emerging Markets	Pair Corr
0.51	HYSD	Columbia ETF Trust	Pair Corr
0.46	SGOL	abrdn Physical Gold	Pair Corr
0.46	QLC	FlexShares Quality Large	Pair Corr
0.36	SIXS	6 Meridian Small	Pair Corr
0.77	FSST	Fidelity Sustainability	Pair Corr
0.75	CLOX	Series Portfolios Trust	Pair Corr
0.59	ZJAN	Innovator Equity Defined	Pair Corr
0.57	CPSU	Calamos SP 500	Pair Corr
0.5	CSD	Invesco SP Spin	Pair Corr
0.39	ZSB	USCF Sustainable Battery	Pair Corr

Related Correlations Analysis

	RDYY	ACEI	RNTY	HWSM	HIYY	WAGCX	PCCE	ICPY	WTIP	QMID
RDYY		0.55	0.13	0.6	-0.03	0.0	0.18	0.38	-0.04	0.67	RDYY
ACEI	0.55		0.23	0.37	0.13	0.0	0.23	0.24	0.03	0.56	ACEI
RNTY	0.13	0.23		0.3	-0.03	0.0	0.02	0.18	0.12	0.44	RNTY
HWSM	0.6	0.37	0.3		-0.15	0.0	-0.14	0.85	0.54	0.92	HWSM
HIYY	-0.03	0.13	-0.03	-0.15		0.0	0.68	-0.41	-0.57	-0.03	HIYY
WAGCX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	WAGCX
PCCE	0.18	0.23	0.02	-0.14	0.68	0.0		-0.39	-0.75	-0.01	PCCE
ICPY	0.38	0.24	0.18	0.85	-0.41	0.0	-0.39		0.81	0.76	ICPY
WTIP	-0.04	0.03	0.12	0.54	-0.57	0.0	-0.75	0.81		0.44	WTIP
QMID	0.67	0.56	0.44	0.92	-0.03	0.0	-0.01	0.76	0.44		QMID
	RDYY	ACEI	RNTY	HWSM	HIYY	WAGCX	PCCE	ICPY	WTIP	QMID

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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

QMID	+ 0.92	HWSM
ICPY	+ 0.85	HWSM
WTIP	+ 0.81	ICPY
QMID	+ 0.76	ICPY
PCCE	+ 0.68	HIYY
QMID	+ 0.67	RDYY

High negative correlations

WTIP	- 0.75	PCCE
WTIP	- 0.57	HIYY
ICPY	- 0.41	HIYY
ICPY	- 0.39	PCCE
HIYY	- 0.15	HWSM
PCCE	- 0.14	HWSM

WisdomTree Global Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Global 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 Global'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
RDYY	2.70	(0.15)	0.00	(1.40)	0.00	0.00	5.46	(6.66)	15.98
ACEI	0.65	0.00	(0.07)	0.04	0.77	(0.71)	1.78	(1.46)	5.02
RNTY	0.52	(0.02)	(0.09)	(0.04)	0.75	(0.49)	0.95	(1.07)	3.21
HWSM	0.68	0.04	(0.01)	0.22	0.92	(0.70)	1.97	(1.26)	4.15
HIYY	3.03	(0.51)	0.00	0.70	0.00	0.00	5.75	(6.46)	28.31
WAGCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PCCE	0.83	(0.10)	0.00	(1.00)	0.00	0.00	1.51	(1.73)	6.45
ICPY	0.58	0.09	0.05	0.65	0.61	(0.65)	1.09	(1.28)	3.80
WTIP	0.44	0.14	0.15	116.11	0.22	(0.47)	0.93	(0.77)	2.82
QMID	0.78	0.01	(0.03)	0.12	1.00	(0.80)	1.78	(1.59)	3.89

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