Correlation Between WisdomTree Ethereum and SPDR MSCI
Can any of the company-specific risk be diversified away by investing in both WisdomTree Ethereum and SPDR MSCI at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining WisdomTree Ethereum and SPDR MSCI into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between WisdomTree Ethereum ETC and SPDR MSCI Europe, you can compare the effects of market volatilities on WisdomTree Ethereum and SPDR MSCI and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in WisdomTree Ethereum with a short position of SPDR MSCI. Check out your portfolio center. Please also check ongoing floating volatility patterns of WisdomTree Ethereum and SPDR MSCI.
Diversification Opportunities for WisdomTree Ethereum and SPDR MSCI
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between WisdomTree and SPDR is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Ethereum ETC and SPDR MSCI Europe in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SPDR MSCI Europe and WisdomTree Ethereum is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on WisdomTree Ethereum ETC are associated (or correlated) with SPDR MSCI. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SPDR MSCI Europe has no effect on the direction of WisdomTree Ethereum i.e., WisdomTree Ethereum and SPDR MSCI go up and down completely randomly.
Pair Corralation between WisdomTree Ethereum and SPDR MSCI
Assuming the 90 days trading horizon WisdomTree Ethereum ETC is expected to generate 5.39 times more return on investment than SPDR MSCI. However, WisdomTree Ethereum is 5.39 times more volatile than SPDR MSCI Europe. It trades about 0.12 of its potential returns per unit of risk. SPDR MSCI Europe is currently generating about 0.04 per unit of risk. If you would invest 2,158 in WisdomTree Ethereum ETC on October 1, 2025 and sell it today you would earn a total of 168.00 from holding WisdomTree Ethereum ETC or generate 7.78% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
WisdomTree Ethereum ETC vs. SPDR MSCI Europe
Performance |
| Timeline |
| WisdomTree Ethereum ETC |
| SPDR MSCI Europe |
Risk-Adjusted Performance
Weakest
Weak | Strong |
WisdomTree Ethereum and SPDR MSCI Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with WisdomTree Ethereum and SPDR MSCI
The main advantage of trading using opposite WisdomTree Ethereum and SPDR MSCI positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if WisdomTree Ethereum position performs unexpectedly, SPDR MSCI can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SPDR MSCI will offset losses from the drop in SPDR MSCI's long position.| WisdomTree Ethereum vs. UBSFund Solutions MSCI | WisdomTree Ethereum vs. Vanguard SP 500 | WisdomTree Ethereum vs. iShares VII PLC | WisdomTree Ethereum vs. iShares Core SP |
| SPDR MSCI vs. 21Shares Crypto Basket | SPDR MSCI vs. WisdomTree Ethereum ETC | SPDR MSCI vs. iShares MSCI Japan | SPDR MSCI vs. iShares Swiss Domestic |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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