WisdomTree International Correlations

DOL Etf

USD 63.55 0.71 1.13%

The current 90-days correlation between WisdomTree International and FT Vest Equity is 0.69 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WisdomTree International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree International LargeCap moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

WisdomTree International Correlation With Market

Poor diversification

The correlation between WisdomTree International Large and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree International Large 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 International LargeCap. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with WisdomTree Etf

0.94	EFV	iShares MSCI EAFE	Pair Corr
0.94	FNDF	Schwab Fundamental	Pair Corr
0.91	VYMI	Vanguard International	Pair Corr
0.84	IDV	iShares International	Pair Corr
0.85	DFIV	Dimensional International	Pair Corr
0.9	IVLU	iShares Edge MSCI	Pair Corr
0.83	RODM	Hartford Multifactor	Pair Corr
0.95	PXF	Invesco FTSE RAFI	Pair Corr
0.72	HDEF	Xtrackers MSCI EAFE	Pair Corr
0.86	PID	Invesco International	Pair Corr
0.67	LENS	Sarmaya Thematic ETF	Pair Corr
0.85	MAPP	Harbor ETF Trust	Pair Corr
0.61	ASA	ASA Gold	Pair Corr
0.65	JUNE	JUNE Symbol Change	Pair Corr
0.77	AA	Alcoa Corp	Pair Corr
0.67	AXP	American Express	Pair Corr
0.69	CAT	Caterpillar	Pair Corr
0.62	BAC	Bank of America	Pair Corr
0.66	MMM	3M Company	Pair Corr

Moving against WisdomTree Etf

0.43	SWIN	Alps Symbol Change	Pair Corr
0.62	T	ATT Inc Sell-off Trend	Pair Corr
0.54	VZ	Verizon Communications	Pair Corr
0.5	PG	Procter Gamble Sell-off Trend	Pair Corr
0.42	BA	Boeing	Pair Corr
0.38	HD	Home Depot	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DHLX	DIHP	MCDS	MCHS	DINT	DISV	DIVE
DHDG		0.18	-0.31	0.84	0.09	-0.05	0.7	0.71	-0.45	DHDG
MBCC	0.18		0.65	0.41	0.78	0.72	0.55	0.53	0.59	MBCC
DHLX	-0.31	0.65		0.02	0.76	0.55	0.13	0.24	0.88	DHLX
DIHP	0.84	0.41	0.02		0.32	0.15	0.77	0.9	-0.13	DIHP
MCDS	0.09	0.78	0.76	0.32		0.54	0.4	0.48	0.71	MCDS
MCHS	-0.05	0.72	0.55	0.15	0.54		0.61	0.4	0.43	MCHS
DINT	0.7	0.55	0.13	0.77	0.4	0.61		0.83	-0.07	DINT
DISV	0.71	0.53	0.24	0.9	0.48	0.4	0.83		0.13	DISV
DIVE	-0.45	0.59	0.88	-0.13	0.71	0.43	-0.07	0.13		DIVE
	DHDG	MBCC	DHLX	DIHP	MCDS	MCHS	DINT	DISV	DIVE

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

DISV	+ 0.9	DIHP
DIVE	+ 0.88	DHLX
DIHP	+ 0.84	DHDG
DISV	+ 0.83	DINT
MCDS	+ 0.78	MBCC
DINT	+ 0.77	DIHP

High negative correlations

DIVE	- 0.45	DHDG
DHLX	- 0.31	DHDG
DIVE	- 0.13	DIHP
DIVE	- 0.07	DINT
MCHS	- 0.05	DHDG

WisdomTree International Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree International 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 International'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
DHDG	0.22	0.02	(0.03)	0.12	0.18	(0.25)	0.73	(0.57)	1.64
MBCC	0.54	(0.06)	0.00	(0.02)	0.00	0.00	0.90	(1.25)	2.75
DHLX	0.61	(0.07)	0.00	(0.07)	0.00	0.00	1.03	(1.38)	2.41
DIHP	0.56	0.02	0.00	0.08	0.63	(0.58)	1.01	(1.06)	2.70
MCDS	0.61	(0.04)	(0.05)	0.01	0.79	(0.63)	1.35	(1.28)	4.09
MCHS	0.91	(0.12)	0.00	(0.10)	0.00	0.00	2.01	(2.15)	7.05
DINT	0.76	0.00	0.00	0.06	1.13	(0.71)	1.36	(1.95)	4.48
DISV	0.62	0.02	0.01	0.08	0.66	(0.69)	1.16	(1.28)	3.05
DIVE	0.58	(0.05)	(0.06)	(0.01)	0.92	(0.57)	1.33	(1.24)	4.47

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