WisdomTree Emerging Correlations

XC Etf

USD 30.90 0.03 0.1%

The current 90-days correlation between WisdomTree Emerging and Columbia EM Core is 0.93 (i.e., Almost no diversification). The correlation of WisdomTree Emerging 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 Emerging Correlation With Market

Significant diversification

The correlation between WisdomTree Emerging Markets and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Emerging Markets 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 Emerging Markets. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with WisdomTree Etf

0.89	VWO	Vanguard FTSE Emerging	Pair Corr
0.92	IEMG	iShares Core MSCI	Pair Corr
0.92	EMC	Global X Funds	Pair Corr
0.9	EEM	iShares MSCI Emerging	Pair Corr
0.89	SPEM	SPDR Portfolio Emerging	Pair Corr
0.84	FNDE	Schwab Fundamental	Pair Corr
0.77	ESGE	iShares ESG Aware	Pair Corr
0.93	DGS	WisdomTree Emerging	Pair Corr
0.95	XSOE	WisdomTree Emerging	Pair Corr
0.97	EMXC	iShares MSCI Emerging	Pair Corr
0.64	HPQ	HP Inc	Pair Corr

Moving against WisdomTree Etf

0.68	DSJA	DSJA	Pair Corr
0.65	RSPY	Tuttle Capital Management	Pair Corr
0.61	MEME	Roundhill Investments	Pair Corr
0.57	JPM	JPMorgan Chase	Pair Corr
0.5	AMPD	Tidal Trust II	Pair Corr
0.55	AXP	American Express	Pair Corr
0.53	CSCO	Cisco Systems	Pair Corr
0.47	WMT	Walmart Aggressive Push	Pair Corr
0.43	MMM	3M Company	Pair Corr
0.38	BAC	Bank of America	Pair Corr

Related Correlations Analysis

	XCEM	WDNA	EMXC	EMMF	KEMX
XCEM		0.79	0.99	0.94	0.99	XCEM
WDNA	0.79		0.79	0.75	0.82	WDNA
EMXC	0.99	0.79		0.94	0.99	EMXC
EMMF	0.94	0.75	0.94		0.93	EMMF
KEMX	0.99	0.82	0.99	0.93		KEMX
	XCEM	WDNA	EMXC	EMMF	KEMX

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WisdomTree Emerging Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Emerging 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 Emerging'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
XCEM	0.65	(0.07)	(24.99)	1.15	(1.39)	4.19
WDNA	1.05	(0.08)	(0.08)	1.73	(2.83)	6.86
EMXC	0.63	(0.07)	(2.33)	1.23	(1.32)	4.19
EMMF	0.50	(0.06)	(0.64)	0.83	(1.10)	3.35
KEMX	0.69	(0.08)	(0.98)	1.21	(1.41)	4.25

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