WisdomTree Multifactor Correlations

USMF Etf

USD 50.79 0.03 0.06%

The current 90-days correlation between WisdomTree Multifactor and Strategy Shares is 0.52 (i.e., Very weak diversification). The correlation of WisdomTree Multifactor 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 Multifactor Correlation With Market

Good diversification

The correlation between WisdomTree Multifactor and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Multifactor and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WisdomTree Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in WisdomTree Multifactor. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with WisdomTree Etf

0.92	VO	Vanguard Mid Cap	Pair Corr
0.91	VXF	Vanguard Extended Market	Pair Corr
0.92	IJH	iShares Core SP	Pair Corr
0.92	IWR	iShares Russell Mid	Pair Corr
0.92	MDY	SPDR SP MIDCAP	Pair Corr
0.93	FV	First Trust Dorsey	Pair Corr
0.92	IVOO	Vanguard SP Mid	Pair Corr
0.92	JHMM	John Hancock Multifactor	Pair Corr
0.91	BBMC	JPMorgan BetaBuilders Mid	Pair Corr
0.93	XMMO	Invesco SP MidCap	Pair Corr
0.88	SIXD	AIM ETF Products	Pair Corr
0.69	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.91	CEFD	ETRACS Monthly Pay	Pair Corr
0.78	KGRN	KraneShares MSCI China	Pair Corr
0.91	BUFD	FT Cboe Vest	Pair Corr
0.62	CVX	Chevron Corp	Pair Corr
0.88	CSCO	Cisco Systems	Pair Corr
0.9	MSFT	Microsoft Aggressive Push	Pair Corr
0.92	DIS	Walt Disney	Pair Corr
0.78	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.86	MMM	3M Company	Pair Corr
0.84	CAT	Caterpillar	Pair Corr
0.83	IBM	International Business Earnings Call Tomorrow	Pair Corr
0.88	AA	Alcoa Corp	Pair Corr
0.67	HD	Home Depot	Pair Corr
0.9	AXP	American Express	Pair Corr
0.9	BAC	Bank of America	Pair Corr
0.88	GE	GE Aerospace Earnings Call Today	Pair Corr

Moving against WisdomTree Etf

0.91	VXX	iPath Series B	Pair Corr
0.91	VIXY	ProShares VIX Short	Pair Corr
0.64	YCL	ProShares Ultra Yen	Pair Corr
0.51	KO	Coca Cola Earnings Call Today	Pair Corr
0.47	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	DHSB	MBOX	DINT	MCHI	DIVS	DIVY	DIVZ	PY	VT
DHSB		0.92	0.95	0.88	0.93	0.91	0.92	0.93	0.95	DHSB
MBOX	0.92		0.95	0.88	0.94	0.98	0.95	0.99	0.97	MBOX
DINT	0.95	0.95		0.95	0.97	0.94	0.94	0.96	0.99	DINT
MCHI	0.88	0.88	0.95		0.9	0.87	0.87	0.89	0.92	MCHI
DIVS	0.93	0.94	0.97	0.9		0.93	0.96	0.95	0.98	DIVS
DIVY	0.91	0.98	0.94	0.87	0.93		0.96	0.98	0.97	DIVY
DIVZ	0.92	0.95	0.94	0.87	0.96	0.96		0.96	0.98	DIVZ
PY	0.93	0.99	0.96	0.89	0.95	0.98	0.96		0.98	PY
VT	0.95	0.97	0.99	0.92	0.98	0.97	0.98	0.98		VT
	DHSB	MBOX	DINT	MCHI	DIVS	DIVY	DIVZ	PY	VT

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WisdomTree Multifactor Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Multifactor 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 Multifactor'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
DHSB	0.34	0.12	(0.07)	(0.21)	0.58	(0.37)	0.96	(0.44)	5.27
MBOX	0.55	0.00	(0.04)	0.14	0.67	(0.57)	1.66	(1.16)	3.86
DINT	0.72	0.21	0.20	0.49	0.21	(0.83)	2.15	(0.97)	4.80
MCHI	0.92	0.16	0.09	0.47	0.77	(1.14)	2.66	(1.85)	5.88
DIVS	0.55	0.04	(0.02)	0.21	0.42	(0.64)	1.26	(1.12)	3.27
DIVY	0.84	0.05	0.03	0.19	0.84	(0.92)	1.88	(1.63)	5.00
DIVZ	0.55	0.04	(0.02)	0.21	0.52	(0.62)	1.06	(0.89)	3.72
PY	0.64	0.02	0.00	0.16	0.65	(0.74)	1.59	(1.26)	5.03
VT	0.54	0.12	0.12	0.31	0.36	(0.63)	1.74	(1.25)	3.72

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