WisdomTree Issuer Correlations

WTIF Etf

EUR 52.01 0.29 0.55%

The current 90-days correlation between WisdomTree Issuer ICAV and WisdomTree Global Ex USA is 0.47 (i.e., Very weak 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 0.86 (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

0.79	IBCH	iShares MSCI World	Pair Corr
0.94	XSXE	Xtrackers Stoxx	Pair Corr
0.92	STXH	Lyxor Index Fund	Pair Corr
0.82	BATE	LG Battery Value	Pair Corr
0.68	ELCR	Lyxor Index Fund	Pair Corr
0.62	IUSS	iShares MSCI Saudi	Pair Corr
0.89	CEBP	iShares VII Public	Pair Corr
0.81	SLVR	Global X Silver	Pair Corr
0.81	G2XJ	VanEck Junior Gold	Pair Corr
0.87	CD91	Amundi Index Solutions	Pair Corr
0.86	ETLX	LG Gold Mining	Pair Corr
0.94	DBX8	Xtrackers MSCI	Pair Corr
0.94	DBX8	Xtrackers MSCI	Pair Corr
0.94	IQQK	iShares Public	Pair Corr
0.83	UBUD	UBS ETF Public	Pair Corr
0.85	IS0E	iShares Gold Producers	Pair Corr
0.76	EXX1	iShares EURO STOXX	Pair Corr
0.74	SPYC	SSgA SPDR ETFs	Pair Corr
0.79	GSXG	Goldman Sachs Global	Pair Corr
0.88	JEAA	JPM EUR Aggregate	Pair Corr
0.9	DBX4	Xtrackers MSCI	Pair Corr
0.77	DBX9	Xtrackers FTSE	Pair Corr
0.89	XDWS	Xtrackers MSCI World	Pair Corr
0.96	IUS4	iShares III Public	Pair Corr
0.93	EMNE	iShares MSCI EMU	Pair Corr
0.91	XDEW	Xtrackers Public	Pair Corr
0.7	X03F	db x trackers	Pair Corr
0.98	DVDG	Franklin Global Quality	Pair Corr
0.97	T3MP	JPMorgan ETFs ICAV	Pair Corr
0.95	GQEU	Goldman Sachs Alpha	Pair Corr
0.95	VGEK	Vanguard FTSE Developed	Pair Corr
0.96	EXSD	iShares STOXX Europe	Pair Corr
0.94	ETSZ	Easy ETF	Pair Corr
0.92	EXV4	iShares STOXX Europe	Pair Corr
0.86	C006	Lyxor FAZ 100	Pair Corr
0.73	VGEA	Vanguard EUR Eurozone	Pair Corr
0.92	H410	HSBC MSCI Emerging	Pair Corr

Related Correlations Analysis

	OD7F	WATT	2CAR	VZLC	US9L	WRNW	WCO2	WTDY	DGXU
OD7F		0.5	-0.59	0.42	0.03	0.81	-0.63	0.75	0.68	OD7F
WATT	0.5		-0.39	0.79	0.56	0.81	0.11	0.59	0.86	WATT
2CAR	-0.59	-0.39		-0.57	0.24	-0.5	0.27	-0.43	-0.4	2CAR
VZLC	0.42	0.79	-0.57		0.23	0.67	0.16	0.4	0.61	VZLC
US9L	0.03	0.56	0.24	0.23		0.32	0.42	0.17	0.42	US9L
WRNW	0.81	0.81	-0.5	0.67	0.32		-0.36	0.86	0.94	WRNW
WCO2	-0.63	0.11	0.27	0.16	0.42	-0.36		-0.6	-0.29	WCO2
WTDY	0.75	0.59	-0.43	0.4	0.17	0.86	-0.6		0.9	WTDY
DGXU	0.68	0.86	-0.4	0.61	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
DGXU	+ 0.86	WATT
WTDY	+ 0.86	WRNW
WRNW	+ 0.81	OD7F
WRNW	+ 0.81	WATT

High negative correlations

WCO2	- 0.63	OD7F
WTDY	- 0.6	WCO2
2CAR	- 0.59	OD7F
VZLC	- 0.57	2CAR
WRNW	- 0.5	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	3.45	0.77	0.11	1.17	5.67	(3.57)	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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