WisdomTree Managed Correlations

WTMF Etf

USD 38.62 0.09 0.23%

The current 90-days correlation between WisdomTree Managed and Invesco BuyBack Achievers is 0.54 (i.e., Very weak 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

Poor diversification

The correlation between WisdomTree Managed Futures and DJI is 0.68 (i.e., Poor 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.

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 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 inflation.

Moving together with WisdomTree Etf

0.9	DBMF	iMGP DBi Managed	Pair Corr
0.86	ITDD	iShares Trust	Pair Corr
0.92	CPST	Calamos ETF Trust	Pair Corr
0.73	ITWO	Proshares Russell 2000	Pair Corr
0.7	MEDI	Harbor Health Care	Pair Corr
0.88	BFEB	Innovator SP 500	Pair Corr
0.78	SCHX	Schwab Large Cap	Pair Corr
0.91	FIAX	Nicholas Fixed Income	Pair Corr
0.86	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.83	FELV	Fidelity Covington Trust	Pair Corr
0.82	IBTI	iShares iBonds Dec	Pair Corr
0.72	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.76	JNJ	Johnson Johnson	Pair Corr
0.83	CAT	Caterpillar	Pair Corr
0.67	BAC	Bank of America	Pair Corr
0.73	AXP	American Express	Pair Corr
0.73	IBM	International Business	Pair Corr
0.7	DD	Dupont De Nemours	Pair Corr
0.71	INTC	Intel Sell-off Trend	Pair Corr

Moving against WisdomTree Etf

0.39	CTA	Simplify Managed Futures	Pair Corr
0.8	T	ATT Inc	Pair Corr
0.62	HD	Home Depot	Pair Corr
0.6	CVX	Chevron Corp	Pair Corr
0.55	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.32	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	PKW	VIOV	IAI	MTBA	JBBB	ILOW	USPX	DUSB	USD	DTD
PKW		0.88	0.8	0.34	0.22	0.84	0.54	0.27	-0.08	0.81	PKW
VIOV	0.88		0.83	0.59	0.55	0.75	0.76	0.58	0.13	0.93	VIOV
IAI	0.8	0.83		0.25	0.34	0.72	0.68	0.34	0.19	0.74	IAI
MTBA	0.34	0.59	0.25		0.76	0.18	0.57	0.9	0.15	0.64	MTBA
JBBB	0.22	0.55	0.34	0.76		0.04	0.64	0.89	0.29	0.61	JBBB
ILOW	0.84	0.75	0.72	0.18	0.04		0.52	0.08	0.07	0.65	ILOW
USPX	0.54	0.76	0.68	0.57	0.64	0.52		0.57	0.69	0.77	USPX
DUSB	0.27	0.58	0.34	0.9	0.89	0.08	0.57		0.17	0.64	DUSB
USD	-0.08	0.13	0.19	0.15	0.29	0.07	0.69	0.17		0.12	USD
DTD	0.81	0.93	0.74	0.64	0.61	0.65	0.77	0.64	0.12		DTD
	PKW	VIOV	IAI	MTBA	JBBB	ILOW	USPX	DUSB	USD	DTD

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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

DTD	+ 0.93	VIOV
DUSB	+ 0.9	MTBA
DUSB	+ 0.89	JBBB
VIOV	+ 0.88	PKW
ILOW	+ 0.84	PKW
IAI	+ 0.83	VIOV

High negative correlations

USD

- 0.08

PKW

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PKW	0.65	(0.01)	(0.01)	0.05	0.83	(0.69)	1.33	(1.46)	3.65
VIOV	0.90	(0.01)	0.01	0.05	1.14	(0.95)	2.28	(2.16)	4.65
IAI	0.86	(0.02)	0.00	0.04	1.19	(0.83)	1.57	(2.14)	4.63
MTBA	0.10	0.01	(0.37)	0.32	0.00	(0.11)	0.20	(0.18)	0.58
JBBB	0.10	(0.01)	(0.33)	(0.03)	0.13	(0.12)	0.21	(0.23)	0.67
ILOW	0.55	(0.02)	(0.05)	0.03	0.63	(0.56)	1.05	(1.11)	2.49
USPX	0.59	(0.01)	(0.02)	0.05	0.83	(0.58)	1.33	(1.16)	3.30
DUSB	0.02	0.01	(1.50)	1.02	0.00	(0.04)	0.06	(0.02)	0.12
USD	3.26	0.08	0.04	0.08	4.69	(3.16)	7.02	(7.54)	19.61
DTD	0.45	(0.01)	(0.05)	0.04	0.50	(0.50)	0.93	(0.85)	2.48

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