WisdomTree Emerging Correlations
DEM Etf | USD 46.18 0.24 0.52% |
The current 90-days correlation between WisdomTree Emerging and WisdomTree Emerging Markets is 0.91 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WisdomTree Emerging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree Emerging Markets moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
WisdomTree Emerging Correlation With Market
Very weak diversification
The correlation between WisdomTree Emerging Markets and DJI is 0.57 (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.
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Moving together with WisdomTree Etf
0.99 | VWO | Vanguard FTSE Emerging | PairCorr |
0.99 | IEMG | iShares Core MSCI | PairCorr |
0.99 | EMC | Global X Funds | PairCorr |
0.99 | EEM | iShares MSCI Emerging | PairCorr |
0.97 | SPEM | SPDR Portfolio Emerging | PairCorr |
0.99 | FNDE | Schwab Fundamental | PairCorr |
0.99 | ESGE | iShares ESG Aware | PairCorr |
0.98 | SFGRX | Seafarer Overseas | PairCorr |
0.99 | DGS | WisdomTree Emerging | PairCorr |
0.99 | XSOE | WisdomTree Emerging | PairCorr |
0.98 | USD | ProShares Ultra Semi | PairCorr |
0.9 | GBTC | Grayscale Bitcoin Trust | PairCorr |
0.97 | DFEN | Direxion Daily Aerospace | PairCorr |
0.97 | FNGO | MicroSectors FANG Index | PairCorr |
0.97 | DUSL | Direxion Daily Indus | PairCorr |
0.99 | TECL | Direxion Daily Technology | PairCorr |
0.76 | DIG | ProShares Ultra Oil | PairCorr |
0.61 | MLPR | ETRACS Quarterly Pay | PairCorr |
0.98 | KEMQ | KraneShares Emerging | PairCorr |
0.84 | MMM | 3M Company | PairCorr |
0.87 | PFE | Pfizer Inc Aggressive Push | PairCorr |
0.97 | MSFT | Microsoft Earnings Call This Week | PairCorr |
0.96 | BAC | Bank of America | PairCorr |
0.97 | CSCO | Cisco Systems | PairCorr |
0.97 | JPM | JPMorgan Chase | PairCorr |
0.91 | BA | Boeing Earnings Call This Week | PairCorr |
0.88 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
0.9 | IBM | International Business | PairCorr |
0.92 | GE | GE Aerospace | PairCorr |
Moving against WisdomTree Etf
0.59 | FNGU | MicroSectors FANG Index Symbol Change | PairCorr |
0.56 | KO | Coca Cola | PairCorr |
0.46 | PG | Procter Gamble Earnings Call This Week | PairCorr |
Related Correlations Analysis
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
DGS | 0.58 | 0.15 | 0.05 | 0.53 | 0.37 | 1.27 | 4.92 | |||
IDV | 0.52 | 0.17 | 0.02 | 0.80 | 0.00 | 1.16 | 3.07 | |||
DES | 0.91 | 0.24 | (0.04) | (0.93) | 0.89 | 2.42 | 5.78 | |||
DWX | 0.52 | 0.06 | (0.23) | 0.87 | 0.51 | 1.20 | 2.97 | |||
DLS | 0.52 | 0.26 | 0.05 | 8.13 | 0.00 | 1.52 | 3.09 |