WisdomTree Dynamic Correlations

DDWM Etf

USD 40.63 0.01 0.02%

The current 90-days correlation between WisdomTree Dynamic and Xtrackers MSCI All is 0.73 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WisdomTree Dynamic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree Dynamic Currency moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

WisdomTree Dynamic Correlation With Market

Poor diversification

The correlation between WisdomTree Dynamic Currency and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Dynamic Currency 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 Dynamic Currency. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with WisdomTree Etf

1.0	EFV	iShares MSCI EAFE Sell-off Trend	Pair Corr
0.99	FNDF	Schwab Fundamental	Pair Corr
0.99	VYMI	Vanguard International	Pair Corr
0.97	IDV	iShares International Low Volatility	Pair Corr
0.99	DFIV	Dimensional International	Pair Corr
1.0	IVLU	iShares Edge MSCI	Pair Corr
0.97	RODM	Hartford Multifactor	Pair Corr
0.97	PXF	Invesco FTSE RAFI	Pair Corr
0.97	HDEF	Xtrackers MSCI EAFE	Pair Corr
0.98	PID	Invesco International	Pair Corr
0.96	UPRO	ProShares UltraPro SP500	Pair Corr
0.96	QTJA	Innovator ETFs Trust	Pair Corr
0.96	QTOC	Innovator ETFs Trust	Pair Corr
0.95	XTOC	Innovator ETFs Trust	Pair Corr
0.96	QTAP	Innovator Growth 100	Pair Corr
0.96	XTJA	Innovator ETFs Trust	Pair Corr
0.95	XTAP	Innovator Equity Acc	Pair Corr
0.76	DFCF	Dimensional ETF Trust	Pair Corr
0.93	KEMQ	KraneShares Emerging	Pair Corr
0.78	KWEB	KraneShares CSI China	Pair Corr
0.88	AA	Alcoa Corp	Pair Corr
0.89	AXP	American Express	Pair Corr
0.95	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.92	JPM	JPMorgan Chase	Pair Corr
0.95	GE	GE Aerospace	Pair Corr
0.92	BA	Boeing Earnings Call This Week	Pair Corr
0.83	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.95	CSCO	Cisco Systems	Pair Corr
0.82	MMM	3M Company	Pair Corr
0.93	CAT	Caterpillar	Pair Corr
0.86	PFE	Pfizer Inc Aggressive Push	Pair Corr

Moving against WisdomTree Etf

0.64	MCD	McDonalds	Pair Corr
0.48	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	DBAW	DDLS	EUDG	IHDG
DBAW		0.97	0.89	0.94	DBAW
DDLS	0.97		0.86	0.89	DDLS
EUDG	0.89	0.86		0.91	EUDG
IHDG	0.94	0.89	0.91		IHDG
	DBAW	DDLS	EUDG	IHDG

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WisdomTree Dynamic Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Dynamic 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 Dynamic'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
DBAW	0.46	0.07	(0.03)	0.34	0.00	(0.59)	1.36	(0.59)	4.01
DDLS	0.54	0.12	0.00	0.48	0.21	(0.64)	1.38	(0.89)	4.34
EUDG	0.63	0.00	(0.13)	0.24	0.56	(0.70)	1.32	(1.05)	3.53
IHDG	0.60	0.02	(0.04)	0.25	0.27	(0.71)	1.79	(0.92)	3.83

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