Correlation Between ZKB Silver and WisdomTree Ethereum
Can any of the company-specific risk be diversified away by investing in both ZKB Silver and WisdomTree Ethereum 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 ZKB Silver and WisdomTree Ethereum into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between ZKB Silver ETF and WisdomTree Ethereum ETC, you can compare the effects of market volatilities on ZKB Silver and WisdomTree Ethereum 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 ZKB Silver with a short position of WisdomTree Ethereum. Check out your portfolio center. Please also check ongoing floating volatility patterns of ZKB Silver and WisdomTree Ethereum.
Diversification Opportunities for ZKB Silver and WisdomTree Ethereum
-0.46 | Correlation Coefficient |
Very good diversification
The 3 months correlation between ZKB and WisdomTree is -0.46. Overlapping area represents the amount of risk that can be diversified away by holding ZKB Silver ETF and WisdomTree Ethereum ETC in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on WisdomTree Ethereum ETC and ZKB Silver 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 ZKB Silver ETF are associated (or correlated) with WisdomTree Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of WisdomTree Ethereum ETC has no effect on the direction of ZKB Silver i.e., ZKB Silver and WisdomTree Ethereum go up and down completely randomly.
Pair Corralation between ZKB Silver and WisdomTree Ethereum
Assuming the 90 days trading horizon ZKB Silver ETF is expected to generate 1.13 times more return on investment than WisdomTree Ethereum. However, ZKB Silver is 1.13 times more volatile than WisdomTree Ethereum ETC. It trades about 0.24 of its potential returns per unit of risk. WisdomTree Ethereum ETC is currently generating about -0.14 per unit of risk. If you would invest 8,410 in ZKB Silver ETF on November 6, 2025 and sell it today you would earn a total of 6,810 from holding ZKB Silver ETF or generate 80.98% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
ZKB Silver ETF vs. WisdomTree Ethereum ETC
Performance |
| Timeline |
| ZKB Silver ETF |
| WisdomTree Ethereum ETC |
ZKB Silver and WisdomTree Ethereum Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with ZKB Silver and WisdomTree Ethereum
The main advantage of trading using opposite ZKB Silver and WisdomTree Ethereum positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if ZKB Silver position performs unexpectedly, WisdomTree Ethereum 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 Ethereum will offset losses from the drop in WisdomTree Ethereum's long position.| ZKB Silver vs. ZKB Silver ETF | ZKB Silver vs. ZKB Gold ETF | ZKB Silver vs. ZKB Gold ETF | ZKB Silver vs. ZKB Platinum ETF |
| WisdomTree Ethereum vs. SPDR MSCI Europe | WisdomTree Ethereum vs. iShares Swiss Domestic | WisdomTree Ethereum vs. iShares MSCI Japan | WisdomTree Ethereum vs. iShares Corp Bond |
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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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