WisdomTree Issuer Correlations

WTD7 Etf

EUR 24.42 0.12 0.49%

The current 90-days correlation between WisdomTree Issuer ICAV and WisdomTree Global Ex USA is -0.13 (i.e., Good diversification). The correlation of WisdomTree Issuer 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 Issuer Correlation With Market

Very poor diversification

The correlation between WisdomTree Issuer ICAV and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Issuer ICAV and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to WisdomTree Issuer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WisdomTree Issuer when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back WisdomTree Issuer - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling WisdomTree Issuer ICAV to buy it.

Moving together with WisdomTree Etf

0.95	DX2J	Xtrackers MSCI Europe	Pair Corr
0.92	EESM	BNP Paribas Easy	Pair Corr
0.85	X026	ComStage MSCI	Pair Corr
0.94	ZPRX	SSgA SPDR ETFs	Pair Corr
0.87	GGUE	UBS ETF Public	Pair Corr
0.85	ETLZ	Legal General UCITS	Pair Corr
0.88	EL4G	Deka EURO STOXX	Pair Corr
0.84	SC0I	Invesco MSCI Japan	Pair Corr
0.92	EL4D	Deka STOXX Europe	Pair Corr
0.91	H410	HSBC MSCI Emerging	Pair Corr
0.81	XPQP	Xtrackers MSCI Phili	Pair Corr
0.93	VALD	BNP Paribas Easy	Pair Corr
0.92	EMUX	BNP Paribas Easy	Pair Corr
0.85	EMNJ	iShares IV PLC	Pair Corr
0.87	EM1C	Vaneck Vectors UCITS	Pair Corr
0.77	FSPW	Franklin SP World	Pair Corr
0.8	DXSF	Xtrackers Stoxx	Pair Corr
0.82	VWCE	Vanguard FTSE All	Pair Corr
0.93	WMIN	Vaneck Vectors UCITS	Pair Corr
0.81	IUS2	iShares SP Banks	Pair Corr
0.71	EGV5	MULTI UNITS LUXEMBOURG	Pair Corr
0.94	IS3M	iShares Euro Ultrashort	Pair Corr
0.86	6PSK	Invesco FTSE RAFI	Pair Corr
0.94	IQQK	iShares Public	Pair Corr
0.9	SXR1	iShares Core MSCI	Pair Corr
0.85	XDEQ	Xtrackers MSCI World	Pair Corr
0.84	QDVF	iShares SP 500	Pair Corr
0.93	CEBG	iShares VII Public	Pair Corr
0.88	M9SD	Market Access	Pair Corr
0.85	ETL2	Legal General UCITS	Pair Corr
0.69	SXRP	iShares VII Public	Pair Corr
0.95	IQQ5	iShares MSCI Turkey	Pair Corr
0.87	XZEC	Xtrackers MSCI Europe	Pair Corr

Moving against WisdomTree Etf

0.79	DBX7	Xtrackers Nifty	Pair Corr
0.82	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	OD7F	WATT	2CAR	VZLC	US9L	WRNW	WCO2	WTDY	DGXU
OD7F		0.5	-0.59	0.45	0.03	0.81	-0.63	0.75	0.68	OD7F
WATT	0.5		-0.39	0.88	0.56	0.81	0.11	0.59	0.86	WATT
2CAR	-0.59	-0.39		-0.47	0.24	-0.5	0.27	-0.43	-0.4	2CAR
VZLC	0.45	0.88	-0.47		0.48	0.74	0.11	0.57	0.78	VZLC
US9L	0.03	0.56	0.24	0.48		0.32	0.42	0.17	0.42	US9L
WRNW	0.81	0.81	-0.5	0.74	0.32		-0.36	0.86	0.94	WRNW
WCO2	-0.63	0.11	0.27	0.11	0.42	-0.36		-0.6	-0.29	WCO2
WTDY	0.75	0.59	-0.43	0.57	0.17	0.86	-0.6		0.9	WTDY
DGXU	0.68	0.86	-0.4	0.78	0.42	0.94	-0.29	0.9		DGXU
	OD7F	WATT	2CAR	VZLC	US9L	WRNW	WCO2	WTDY	DGXU

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

DGXU	+ 0.94	WRNW
DGXU	+ 0.9	WTDY
VZLC	+ 0.88	WATT
DGXU	+ 0.86	WATT
WTDY	+ 0.86	WRNW
WRNW	+ 0.81	OD7F

High negative correlations

WCO2	- 0.63	OD7F
WTDY	- 0.6	WCO2
2CAR	- 0.59	OD7F
WRNW	- 0.5	2CAR
VZLC	- 0.47	2CAR
WTDY	- 0.43	2CAR

WisdomTree Issuer Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Issuer 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 Issuer'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
OD7F	1.31	0.16	0.04	(0.93)	1.60	(1.36)	3.46	(2.61)	9.65
WATT	0.97	0.13	0.05	2.94	1.05	(1.08)	1.96	(2.23)	7.45
2CAR	1.89	(0.11)	0.00	(0.49)	0.00	0.00	4.94	(4.31)	13.61
VZLC	3.33	0.62	0.10	0.59	5.43	(3.49)	6.36	(4.24)	32.10
US9L	1.71	(0.06)	(0.01)	0.03	2.36	(1.71)	4.44	(4.57)	12.20
WRNW	1.18	0.12	0.03	1.01	1.56	(1.22)	2.38	(2.62)	7.65
WCO2	1.51	(0.17)	0.00	(23.56)	0.00	0.00	2.96	(3.82)	10.54
WTDY	0.53	0.15	0.15	1.53	0.28	(0.66)	1.48	(0.79)	3.18
DGXU	0.51	0.14	0.10	6.02	0.52	(0.55)	1.10	(1.19)	2.97

Be your own money manager

Our tools can tell you how much better you can do entering a position in WisdomTree Issuer without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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