WisdomTree Europe Correlations

DFE Etf

USD 71.52 0.16 0.22%

The current 90-days correlation between WisdomTree Europe and iShares Insurance ETF is 0.1 (i.e., Average diversification). The correlation of WisdomTree Europe 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 Europe Correlation With Market

Poor diversification

The correlation between WisdomTree Europe SmallCap and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Europe SmallCap and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WisdomTree Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in WisdomTree Europe SmallCap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with WisdomTree Etf

0.74	VGK	Vanguard FTSE Europe	Pair Corr
0.75	EZU	iShares MSCI Eurozone	Pair Corr
0.69	BBEU	JPMorgan BetaBuilders	Pair Corr
0.74	IEUR	iShares Core MSCI	Pair Corr
0.72	FEZ	SPDR EURO STOXX	Pair Corr
0.69	IEV	iShares Europe ETF	Pair Corr
0.62	EUFN	iShares MSCI Europe	Pair Corr
0.64	ITDD	iShares Trust	Pair Corr
0.62	CPST	Calamos ETF Trust	Pair Corr
0.76	ITWO	Proshares Russell 2000	Pair Corr
0.63	DFAX	Dimensional World	Pair Corr
0.68	SIXS	6 Meridian Small	Pair Corr
0.84	SAWS	AAM Sawgrass Small	Pair Corr
0.69	SCJ	iShares MSCI Japan	Pair Corr
0.79	AVUV	Avantis Small Cap	Pair Corr
0.61	AJUL	Innovator Equity Defined	Pair Corr
0.71	SIL	Global X Silver	Pair Corr
0.88	MMID	MFS Active Exchange	Pair Corr

Related Correlations Analysis

	IAK	IHF	IGE	IYT	IAT	IXG	DOL	DMXF	EWS	AIA
IAK		-0.33	0.76	0.56	0.8	0.74	0.49	0.04	-0.23	-0.41	IAK
IHF	-0.33		-0.35	-0.23	-0.29	-0.24	-0.23	0.39	0.46	0.22	IHF
IGE	0.76	-0.35		0.81	0.85	0.81	0.71	0.28	-0.38	-0.11	IGE
IYT	0.56	-0.23	0.81		0.87	0.88	0.84	0.58	-0.43	0.16	IYT
IAT	0.8	-0.29	0.85	0.87		0.93	0.72	0.36	-0.47	-0.16	IAT
IXG	0.74	-0.24	0.81	0.88	0.93		0.87	0.58	-0.36	0.08	IXG
DOL	0.49	-0.23	0.71	0.84	0.72	0.87		0.73	-0.44	0.35	DOL
DMXF	0.04	0.39	0.28	0.58	0.36	0.58	0.73		-0.02	0.67	DMXF
EWS	-0.23	0.46	-0.38	-0.43	-0.47	-0.36	-0.44	-0.02		0.26	EWS
AIA	-0.41	0.22	-0.11	0.16	-0.16	0.08	0.35	0.67	0.26		AIA
	IAK	IHF	IGE	IYT	IAT	IXG	DOL	DMXF	EWS	AIA

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

IXG	+ 0.93	IAT
IXG	+ 0.88	IYT
IAT	+ 0.87	IYT
DOL	+ 0.87	IXG
IAT	+ 0.85	IGE
DOL	+ 0.84	IYT

High negative correlations

EWS	- 0.47	IAT
EWS	- 0.44	DOL
EWS	- 0.43	IYT
AIA	- 0.41	IAK
EWS	- 0.38	IGE
EWS	- 0.36	IXG

WisdomTree Europe Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Europe 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 Europe'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
IAK	0.65	0.02	(0.02)	0.12	0.84	(0.72)	1.59	(1.22)	4.81
IHF	0.80	(0.10)	0.00	(0.02)	0.00	0.00	1.84	(1.58)	5.31
IGE	0.81	0.01	(0.02)	0.09	1.05	(0.81)	1.51	(1.86)	4.36
IYT	0.83	(0.01)	0.00	0.07	1.08	(0.78)	1.48	(1.71)	4.67
IAT	0.93	0.02	0.03	0.09	1.34	(0.96)	2.42	(2.15)	7.39
IXG	0.56	0.03	0.03	0.10	0.64	(0.62)	1.21	(1.34)	3.14
DOL	0.54	0.04	0.03	0.13	0.56	(0.57)	1.13	(1.14)	2.47
DMXF	0.63	(0.01)	(0.02)	0.07	0.89	(0.56)	1.09	(1.31)	2.96
EWS	0.65	(0.05)	0.00	(0.14)	0.00	0.00	1.13	(1.39)	3.55
AIA	1.05	(0.01)	0.00	0.07	1.43	(1.05)	1.94	(1.68)	6.85

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