WisdomTree Trust Correlations

WTAI Etf

USD 30.12 0.08 0.27%

The current 90-days correlation between WisdomTree Trust and Invesco QQQ Income is 0.88 (i.e., Very poor diversification). The correlation of WisdomTree Trust 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 Trust Correlation With Market

Very weak diversification

The correlation between WisdomTree Trust and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Trust 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 Trust . Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more detail on how to invest in WisdomTree Etf please use our How to Invest in WisdomTree Trust guide.

Moving together with WisdomTree Etf

0.92	VGT	Vanguard Information	Pair Corr
0.92	XLK	Technology Select Sector	Pair Corr
0.9	IYW	iShares Technology ETF	Pair Corr
0.63	SMH	VanEck Semiconductor ETF	Pair Corr
0.64	SOXX	iShares Semiconductor ETF	Pair Corr
0.92	FTEC	Fidelity MSCI Information	Pair Corr
0.67	FDN	First Trust Dow	Pair Corr
0.85	IGM	iShares Expanded Tech	Pair Corr
0.66	PTIR	GraniteShares 2x Long	Pair Corr
0.66	PLTU	Direxion Daily PLTR	Pair Corr
0.75	SOXL	Direxion Daily Semic Aggressive Push	Pair Corr
0.66	ARLU	AIM ETF Products	Pair Corr

Related Correlations Analysis

	QQA	INDAX	AGOX	DECW	PFUT	EWQ	XDTE	GSEP	EEMS	SIXP
QQA		-0.1	0.38	0.82	0.41	0.61	0.93	0.92	0.66	0.86	QQA
INDAX	-0.1		0.07	-0.06	0.06	0.16	-0.08	-0.02	0.12	-0.02	INDAX
AGOX	0.38	0.07		-0.07	0.7	0.38	0.13	0.22	0.59	0.07	AGOX
DECW	0.82	-0.06	-0.07		0.05	0.64	0.96	0.95	0.56	0.98	DECW
PFUT	0.41	0.06	0.7	0.05		0.49	0.18	0.3	0.29	0.15	PFUT
EWQ	0.61	0.16	0.38	0.64	0.49		0.65	0.76	0.7	0.73	EWQ
XDTE	0.93	-0.08	0.13	0.96	0.18	0.65		0.98	0.66	0.97	XDTE
GSEP	0.92	-0.02	0.22	0.95	0.3	0.76	0.98		0.7	0.98	GSEP
EEMS	0.66	0.12	0.59	0.56	0.29	0.7	0.66	0.7		0.66	EEMS
SIXP	0.86	-0.02	0.07	0.98	0.15	0.73	0.97	0.98	0.66		SIXP
	QQA	INDAX	AGOX	DECW	PFUT	EWQ	XDTE	GSEP	EEMS	SIXP

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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

SIXP	+ 0.98	DECW
GSEP	+ 0.98	XDTE
SIXP	+ 0.98	GSEP
SIXP	+ 0.97	XDTE
XDTE	+ 0.96	DECW
GSEP	+ 0.95	DECW

High negative correlations

INDAX	- 0.1	QQA
XDTE	- 0.08	INDAX
DECW	- 0.07	AGOX
DECW	- 0.06	INDAX
SIXP	- 0.02	INDAX
GSEP	- 0.02	INDAX

WisdomTree Trust Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Trust 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 Trust'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
QQA	0.61	(0.02)	(0.05)	0.06	0.80	(0.63)	1.20	(1.52)	4.10
INDAX	0.53	(0.02)	(0.13)	(0.06)	0.72	(0.52)	1.02	(1.00)	3.66
AGOX	0.72	(0.08)	(0.10)	0.00	0.87	(0.75)	1.49	(1.41)	3.52
DECW	0.24	0.02	(0.14)	0.15	0.08	(0.27)	0.58	(0.45)	1.74
PFUT	0.74	(0.13)	0.00	(0.04)	0.00	0.00	1.25	(1.87)	3.53
EWQ	0.58	(0.02)	(0.08)	0.06	0.60	(0.65)	1.16	(1.04)	3.04
XDTE	0.51	0.02	0.00	0.12	0.61	(0.51)	1.09	(1.10)	2.97
GSEP	0.27	0.00	(0.14)	0.09	0.26	(0.28)	0.60	(0.62)	1.44
EEMS	0.53	0.05	(0.01)	0.20	0.59	(0.54)	0.97	(0.93)	3.32
SIXP	0.22	0.02	(0.13)	0.14	0.18	(0.25)	0.54	(0.48)	1.58

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