WisdomTree Emerging Correlations

XSOE Etf

USD 38.81 0.02 0.05%

The current 90-days correlation between WisdomTree Emerging and SPDR MSCI ACWI is 0.86 (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

Very weak diversification

The correlation between WisdomTree Emerging Markets and DJI is 0.56 (i.e., Very weak 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.

Build AI portfolio with WisdomTree Etf

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

0.99	VWO	Vanguard FTSE Emerging	Pair Corr
1.0	IEMG	iShares Core MSCI	Pair Corr
0.89	EMC	Global X Funds	Pair Corr
1.0	EEM	iShares MSCI Emerging	Pair Corr
0.99	SPEM	SPDR Portfolio Emerging	Pair Corr
0.94	FNDE	Schwab Fundamental	Pair Corr
1.0	ESGE	iShares ESG Aware	Pair Corr
0.91	SFGRX	Seafarer Overseas	Pair Corr
0.89	LENS	Sarmaya Thematic ETF	Pair Corr
0.99	MAPP	Harbor ETF Trust	Pair Corr
0.86	ASA	ASA Gold	Pair Corr
0.66	WNTR	YieldMax MSTR Short	Pair Corr
0.69	DRGN	Themes China Generative	Pair Corr
0.9	JUNE	JUNE Symbol Change	Pair Corr
0.95	YFYA	Listed Funds Trust	Pair Corr
0.9	CAT	Caterpillar	Pair Corr
0.94	IBM	International Business	Pair Corr
0.81	AXP	American Express	Pair Corr
0.62	DD	Dupont De Nemours	Pair Corr
0.91	INTC	Intel	Pair Corr
0.64	WMT	Walmart Earnings Call This Week	Pair Corr
0.7	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.77	JNJ	Johnson Johnson	Pair Corr
0.67	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.96	GE	GE Aerospace	Pair Corr

Moving against WisdomTree Etf

0.71	FIEE	FiEE, Inc Symbol Change	Pair Corr
0.49	SWIN	Alps Symbol Change	Pair Corr
0.82	T	ATT Inc Aggressive Push	Pair Corr
0.81	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.75	PG	Procter Gamble	Pair Corr
0.61	HD	Home Depot Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CWI	EWW	IHDG	IEV	IYG	TNA	HDEF	IPAC	DES	PXF
CWI		0.84	0.97	0.93	0.11	0.8	0.26	0.87	-0.24	0.96	CWI
EWW	0.84		0.76	0.68	0.36	0.7	-0.01	0.72	-0.09	0.79	EWW
IHDG	0.97	0.76		0.94	0.05	0.73	0.32	0.8	-0.33	0.95	IHDG
IEV	0.93	0.68	0.94		-0.01	0.65	0.53	0.78	-0.26	0.94	IEV
IYG	0.11	0.36	0.05	-0.01		0.32	-0.11	0.28	0.67	0.11	IYG
TNA	0.8	0.7	0.73	0.65	0.32		-0.13	0.67	0.2	0.66	TNA
HDEF	0.26	-0.01	0.32	0.53	-0.11	-0.13		0.33	-0.1	0.44	HDEF
IPAC	0.87	0.72	0.8	0.78	0.28	0.67	0.33		-0.02	0.88	IPAC
DES	-0.24	-0.09	-0.33	-0.26	0.67	0.2	-0.1	-0.02		-0.28	DES
PXF	0.96	0.79	0.95	0.94	0.11	0.66	0.44	0.88	-0.28		PXF
	CWI	EWW	IHDG	IEV	IYG	TNA	HDEF	IPAC	DES	PXF

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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

IHDG	+ 0.97	CWI
PXF	+ 0.96	CWI
PXF	+ 0.95	IHDG
IEV	+ 0.94	IHDG
PXF	+ 0.94	IEV
IEV	+ 0.93	CWI

High negative correlations

DES	- 0.33	IHDG
PXF	- 0.28	DES
DES	- 0.26	IEV
DES	- 0.24	CWI
HDEF	- 0.13	TNA
HDEF	- 0.11	IYG

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	0.51	0.02	0.01	0.11	0.61	(0.53)	1.14	(1.03)	3.91
EWW	0.91	0.13	0.05	(3.43)	0.92	(0.97)	2.03	(1.70)	4.32
IHDG	0.47	0.02	0.00	0.10	0.49	(0.53)	1.06	(0.84)	3.70
IEV	0.56	0.02	(0.01)	0.10	0.56	(0.62)	1.05	(1.12)	3.03
IYG	0.63	(0.06)	(0.06)	0.02	0.92	(0.64)	1.35	(1.66)	4.62
TNA	2.71	(0.24)	0.01	0.02	3.48	(2.73)	5.79	(5.36)	20.69
HDEF	0.42	0.00	(0.07)	0.07	0.45	(0.44)	0.91	(0.77)	2.62
IPAC	0.61	(0.03)	(0.05)	0.04	0.84	(0.60)	1.50	(1.05)	4.97
DES	0.71	(0.12)	0.00	(0.02)	0.00	0.00	1.83	(1.48)	6.51
PXF	0.51	0.03	0.01	0.12	0.56	(0.54)	1.00	(0.93)	3.39

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