WisdomTree Emerging Correlations

XSOE Etf

USD 39.17 0.34 0.88%

The current 90-days correlation between WisdomTree Emerging and SPDR MSCI ACWI is 0.87 (i.e., Very poor 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

Poor diversification

The correlation between WisdomTree Emerging Markets and DJI is 0.61 (i.e., Poor 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.

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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 metropolitan statistical area.

Moving together with WisdomTree Etf

0.81	VWO	Vanguard FTSE Emerging	Pair Corr
0.98	IEMG	iShares Core MSCI Aggressive Push	Pair Corr
0.77	EEM	iShares MSCI Emerging Aggressive Push	Pair Corr
0.82	SPEM	SPDR Portfolio Emerging	Pair Corr
0.71	FNDE	Schwab Fundamental	Pair Corr
0.97	ESGE	iShares ESG Aware	Pair Corr
0.72	DGS	WisdomTree Emerging	Pair Corr
0.83	USD	ProShares Ultra Semi	Pair Corr
0.88	TECL	Direxion Daily Technology	Pair Corr
0.9	ROM	ProShares Ultra Tech	Pair Corr
0.87	QLD	ProShares Ultra QQQ Sell-off Trend	Pair Corr
0.75	SMH	VanEck Semiconductor ETF	Pair Corr
0.79	UPRO	ProShares UltraPro SP500 Sell-off Trend	Pair Corr
0.67	SPXL	Direxion Daily SP500 Sell-off Trend	Pair Corr
0.71	GUSA	Goldman Sachs MarketBeta	Pair Corr
0.64	AGEM	abrdn Emerging Markets	Pair Corr
0.62	EASG	Xtrackers MSCI EAFE	Pair Corr
0.76	VONG	Vanguard Russell 1000	Pair Corr
0.69	GTR	WisdomTree Target Range	Pair Corr

Related Correlations Analysis

	CWI	EWW	IHDG	IEV	IYG	TNA	HDEF	IPAC	DES	PXF
CWI		0.77	0.93	0.94	0.75	0.68	0.78	0.74	0.52	0.9	CWI
EWW	0.77		0.82	0.84	0.83	0.43	0.87	0.56	0.57	0.9	EWW
IHDG	0.93	0.82		0.94	0.8	0.58	0.9	0.65	0.56	0.96	IHDG
IEV	0.94	0.84	0.94		0.83	0.65	0.88	0.68	0.63	0.93	IEV
IYG	0.75	0.83	0.8	0.83		0.64	0.77	0.73	0.83	0.81	IYG
TNA	0.68	0.43	0.58	0.65	0.64		0.35	0.62	0.7	0.5	TNA
HDEF	0.78	0.87	0.9	0.88	0.77	0.35		0.53	0.57	0.95	HDEF
IPAC	0.74	0.56	0.65	0.68	0.73	0.62	0.53		0.62	0.64	IPAC
DES	0.52	0.57	0.56	0.63	0.83	0.7	0.57	0.62		0.58	DES
PXF	0.9	0.9	0.96	0.93	0.81	0.5	0.95	0.64	0.58		PXF
	CWI	EWW	IHDG	IEV	IYG	TNA	HDEF	IPAC	DES	PXF

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CWI	0.57	0.02	0.01	0.11	0.77	(0.58)	1.16	(1.17)	3.13
EWW	0.93	0.07	0.03	0.18	0.95	(1.04)	1.93	(1.69)	4.35
IHDG	0.53	0.02	0.01	0.10	0.61	(0.60)	1.03	(1.16)	3.32
IEV	0.61	0.05	0.04	0.14	0.57	(0.68)	1.29	(1.12)	2.64
IYG	0.69	0.05	(0.01)	0.34	0.92	(0.76)	1.38	(1.66)	3.99
TNA	2.97	(0.13)	0.02	0.04	3.90	(2.78)	5.80	(5.96)	16.53
HDEF	0.47	0.06	0.04	0.21	0.27	(0.53)	1.03	(0.77)	2.47
IPAC	0.62	0.04	(0.02)	0.31	1.00	(0.55)	1.30	(1.38)	4.86
DES	0.68	0.02	(0.07)	(0.14)	0.90	(0.73)	1.92	(1.62)	4.15
PXF	0.56	0.07	0.06	0.17	0.71	(0.58)	1.21	(1.29)	2.83

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WisdomTree Emerging Correlations

WisdomTree Emerging Correlation With Market

Poor diversification

Moving together with WisdomTree Etf

Related Correlations Analysis

WisdomTree Emerging Constituents Risk-Adjusted Indicators

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