WisdomTree High Correlations

WFHY Etf

USD 46.66 0.02 0.04%

The current 90-days correlation between WisdomTree High Yield and BondBloxx ETF Trust is 0.11 (i.e., Average diversification). The correlation of WisdomTree High 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 High Correlation With Market

Modest diversification

The correlation between WisdomTree High Yield and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree High Yield 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 High Yield. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with WisdomTree Etf

0.65	USHY	iShares Broad USD	Pair Corr
0.62	SHYG	iShares 0 5	Pair Corr
0.62	HYLB	Xtrackers USD High	Pair Corr
0.65	ANGL	VanEck Fallen Angel	Pair Corr
0.7	FALN	iShares Fallen Angels	Pair Corr
0.65	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.62	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.62	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.62	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.77	VO	Vanguard Mid Cap	Pair Corr
0.67	VB	Vanguard Small Cap	Pair Corr
0.62	JEPI	JPMorgan Equity Premium Sell-off Trend	Pair Corr
0.64	INTC	Intel Aggressive Push	Pair Corr
0.61	WMT	Walmart Common Stock Aggressive Push	Pair Corr

Related Correlations Analysis

	XB	TEK	LRNZ	PSTR	AIBU	SPXV	INRO	SSFI	UBOT	FDAT
XB		-0.13	-0.32	0.92	-0.43	0.75	0.79	0.44	0.28	0.65	XB
TEK	-0.13		0.73	0.0	0.92	0.48	0.4	0.07	0.74	0.49	TEK
LRNZ	-0.32	0.73		-0.15	0.72	0.31	0.26	-0.35	0.43	0.09	LRNZ
PSTR	0.92	0.0	-0.15		-0.32	0.8	0.83	0.29	0.48	0.67	PSTR
AIBU	-0.43	0.92	0.72	-0.32		0.19	0.1	0.01	0.52	0.22	AIBU
SPXV	0.75	0.48	0.31	0.8	0.19		0.99	0.28	0.64	0.77	SPXV
INRO	0.79	0.4	0.26	0.83	0.1	0.99		0.28	0.57	0.73	INRO
SSFI	0.44	0.07	-0.35	0.29	0.01	0.28	0.28		0.15	0.48	SSFI
UBOT	0.28	0.74	0.43	0.48	0.52	0.64	0.57	0.15		0.77	UBOT
FDAT	0.65	0.49	0.09	0.67	0.22	0.77	0.73	0.48	0.77		FDAT
	XB	TEK	LRNZ	PSTR	AIBU	SPXV	INRO	SSFI	UBOT	FDAT

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

INRO	+ 0.99	SPXV
PSTR	+ 0.92	XB
AIBU	+ 0.92	TEK
INRO	+ 0.83	PSTR
SPXV	+ 0.8	PSTR
INRO	+ 0.79	XB

High negative correlations

AIBU	- 0.43	XB
SSFI	- 0.35	LRNZ
AIBU	- 0.32	PSTR
LRNZ	- 0.32	XB
PSTR	- 0.15	LRNZ
TEK	- 0.13	XB

WisdomTree High Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree High 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 High'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
XB	0.13	0.01	(0.37)	0.17	0.00	(0.15)	0.33	(0.23)	0.85
TEK	1.11	(0.08)	(0.04)	0.01	1.73	(0.96)	2.15	(2.97)	7.42
LRNZ	1.18	(0.07)	(0.06)	0.00	1.56	(1.20)	2.36	(3.23)	7.31
PSTR	0.36	0.05	(0.06)	0.56	0.32	(0.38)	0.75	(0.71)	1.86
AIBU	2.21	(0.31)	0.00	(0.04)	0.00	0.00	4.61	(6.25)	15.07
SPXV	0.56	(0.02)	(0.04)	0.07	0.73	(0.57)	0.91	(1.34)	3.64
INRO	0.55	(0.02)	(0.04)	0.07	0.75	(0.54)	1.18	(1.24)	3.50
SSFI	0.14	(0.01)	(0.51)	(0.11)	0.16	(0.15)	0.28	(0.28)	0.79
UBOT	2.12	0.05	0.01	0.15	2.61	(2.25)	3.61	(4.60)	12.04
FDAT	0.59	(0.05)	(0.08)	0.03	0.73	(0.59)	1.07	(1.08)	2.99

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

2026 Macroaxis LLC