WisdomTree Managed Correlations

WTMF Etf

USD 33.78 0.60 1.81%

The current 90-days correlation between WisdomTree Managed and First Trust Managed is -0.17 (i.e., Good diversification). The correlation of WisdomTree Managed 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 Managed Correlation With Market

Very weak diversification

The correlation between WisdomTree Managed Futures and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Managed Futures and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WisdomTree Managed Futures. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with WisdomTree Etf

0.94	DBMF	iMGP DBi Managed Sell-off Trend	Pair Corr
0.85	FMF	First Trust Managed	Pair Corr
0.8	VTI	Vanguard Total Stock	Pair Corr
0.79	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.79	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.68	VTV	Vanguard Value Index	Pair Corr
0.78	VUG	Vanguard Growth Index	Pair Corr
0.82	VO	Vanguard Mid Cap	Pair Corr
0.81	VB	Vanguard Small Cap	Pair Corr
0.64	DFEN	Direxion Daily Aerospace	Pair Corr
0.64	VEGI	iShares MSCI Global	Pair Corr

Moving against WisdomTree Etf

0.92	USSH	WisdomTree 1 3	Pair Corr
0.87	SDS	ProShares UltraShort Aggressive Push	Pair Corr
0.72	JUNE	Junee Limited Ordinary	Pair Corr
0.57	BND	Vanguard Total Bond	Pair Corr
0.54	CPXR	Tidal Trust III	Pair Corr
0.8	GSY	Invesco Ultra Short Sell-off Trend	Pair Corr
0.78	VXX	iPath Series B Trending	Pair Corr
0.75	VGLT	Vanguard Long Term	Pair Corr
0.74	GLDM	SPDR Gold MiniShares	Pair Corr
0.73	PHYS	Sprott Physical Gold	Pair Corr
0.73	MFSB	MFS Active Core	Pair Corr
0.73	UVIX	2x Long VIX Trending	Pair Corr
0.68	VNLA	Janus Henderson Short	Pair Corr
0.68	JHMB	John Hancock Exchange	Pair Corr
0.67	LFAK	Stone Ridge 2052	Pair Corr

Related Correlations Analysis

	FMF	DBMF	FTLS	PUTW	RLY
FMF		0.85	0.76	0.45	0.09	FMF
DBMF	0.85		0.89	0.52	0.13	DBMF
FTLS	0.76	0.89		0.76	0.38	FTLS
PUTW	0.45	0.52	0.76		0.62	PUTW
RLY	0.09	0.13	0.38	0.62		RLY
	FMF	DBMF	FTLS	PUTW	RLY

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WisdomTree Managed Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Managed 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 Managed'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FMF	0.42	(0.09)	(1.90)	0.76	(0.92)	3.06
DBMF	0.46	(0.08)	(0.45)	0.91	(1.04)	3.39
FTLS	0.58	(0.13)	(0.46)	0.96	(1.58)	4.59
PUTW	0.77	(0.17)	(2.62)	1.23	(1.53)	7.21
RLY	0.57	(0.05)	6.33	0.96	(0.96)	6.65

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