Correlation Between Neuberger Berman and WisdomTree Emerging
Can any of the company-specific risk be diversified away by investing in both Neuberger Berman and WisdomTree Emerging 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 Neuberger Berman and WisdomTree Emerging into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Neuberger Berman ETF and WisdomTree Emerging Markets, you can compare the effects of market volatilities on Neuberger Berman and WisdomTree Emerging 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 Neuberger Berman with a short position of WisdomTree Emerging. Check out your portfolio center. Please also check ongoing floating volatility patterns of Neuberger Berman and WisdomTree Emerging.
Diversification Opportunities for Neuberger Berman and WisdomTree Emerging
0.94 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between Neuberger and WisdomTree is 0.94. Overlapping area represents the amount of risk that can be diversified away by holding Neuberger Berman ETF and WisdomTree Emerging Markets in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on WisdomTree Emerging and Neuberger Berman 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 Neuberger Berman ETF are associated (or correlated) with WisdomTree Emerging. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of WisdomTree Emerging has no effect on the direction of Neuberger Berman i.e., Neuberger Berman and WisdomTree Emerging go up and down completely randomly.
Pair Corralation between Neuberger Berman and WisdomTree Emerging
Given the investment horizon of 90 days Neuberger Berman is expected to generate 1.07 times less return on investment than WisdomTree Emerging. In addition to that, Neuberger Berman is 1.63 times more volatile than WisdomTree Emerging Markets. It trades about 0.19 of its total potential returns per unit of risk. WisdomTree Emerging Markets is currently generating about 0.33 per unit of volatility. If you would invest 4,563 in WisdomTree Emerging Markets on November 18, 2025 and sell it today you would earn a total of 556.00 from holding WisdomTree Emerging Markets or generate 12.18% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 98.39% |
| Values | Daily Returns |
Neuberger Berman ETF vs. WisdomTree Emerging Markets
Performance |
| Timeline |
| Neuberger Berman ETF |
| WisdomTree Emerging |
Neuberger Berman and WisdomTree Emerging Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Neuberger Berman and WisdomTree Emerging
The main advantage of trading using opposite Neuberger Berman and WisdomTree Emerging positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Neuberger Berman position performs unexpectedly, WisdomTree Emerging 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 WisdomTree Emerging will offset losses from the drop in WisdomTree Emerging's long position.| Neuberger Berman vs. AdvisorShares Vice ETF | Neuberger Berman vs. iShares ESG Aware | Neuberger Berman vs. Innovator ETFs Trust | Neuberger Berman vs. Starboard Investment Trust |
| WisdomTree Emerging vs. WisdomTree MidCap Dividend | WisdomTree Emerging vs. iShares Home Construction | WisdomTree Emerging vs. iShares MSCI All | WisdomTree Emerging vs. WisdomTree India Earnings |
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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
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