WisdomTree Emerging Correlations

Etfs USA . 
Etf . WisdomTree Emerging Markets
XC Etf  USD 34.16  0.09  0.26%   
The current 90-days correlation between WisdomTree Emerging and Vanguard FTSE Emerging 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 0.57 (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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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 main economic indicators.

Moving together with WisdomTree Etf

  0.97VWO Vanguard FTSE EmergingPairCorr
  0.98IEMG iShares Core MSCIPairCorr
  0.98EMC Global X FundsPairCorr
  0.98EEM iShares MSCI EmergingPairCorr
  0.96SPEM SPDR Portfolio EmergingPairCorr
  0.97FNDE Schwab FundamentalPairCorr
  0.98ESGE iShares ESG AwarePairCorr
  0.97SFGRX Seafarer OverseasPairCorr
  0.98DGS WisdomTree EmergingPairCorr
  0.98XSOE WisdomTree EmergingPairCorr
  0.96USD ProShares Ultra SemiPairCorr
  0.83GBTC Grayscale Bitcoin TrustPairCorr
  0.94DFEN Direxion Daily AerospacePairCorr
  0.97FNGO MicroSectors FANG IndexPairCorr
  0.95DUSL Direxion Daily IndusPairCorr
  0.98TECL Direxion Daily TechnologyPairCorr
  0.74DIG ProShares Ultra OilPairCorr
  0.97KEMQ KraneShares EmergingPairCorr
  0.83MMM 3M CompanyPairCorr
  0.86PFE Pfizer Inc Aggressive PushPairCorr
  0.97MSFT Microsoft Earnings Call This WeekPairCorr
  0.97BAC Bank of AmericaPairCorr
  0.98CSCO Cisco SystemsPairCorr
  0.97JPM JPMorgan ChasePairCorr
  0.87BA Boeing Earnings Call This WeekPairCorr
  0.83DD Dupont De Nemours Earnings Call This WeekPairCorr
  0.94IBM International BusinessPairCorr
  0.91GE GE AerospacePairCorr

Moving against WisdomTree Etf

  0.65FNGU MicroSectors FANG Index Symbol ChangePairCorr
  0.54KO Coca ColaPairCorr
  0.45PG Procter Gamble Earnings Call This WeekPairCorr

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VWO  0.55  0.12  0.02  0.46  0.23 
(0.65)
 1.57 
(1.16)
 4.17 
IEMG  0.58  0.15  0.05  0.50  0.22 
(0.67)
 1.50 
(1.28)
 4.51 
EMC  0.64  0.10  0.03  0.38  0.33 
(0.78)
 2.20 
(1.06)
 4.76 
EEM  0.57  0.14  0.05  0.50  0.21 
(0.70)
 1.49 
(1.23)
 4.44 
SPEM  0.56  0.09 (0.01) 0.40  0.37 
(0.66)
 1.70 
(1.20)
 4.16 
FNDE  0.55  0.12  0.02  0.48  0.27 
(0.68)
 1.58 
(1.10)
 3.92 
ESGE  0.59  0.16  0.07  0.51  0.26 
(0.73)
 1.57 
(1.36)
 4.61 
SFGRX  0.40  0.22 (0.02)(55.28) 0.00 
(0.50)
 1.12 
(0.69)
 3.24 
DGS  0.58  0.15  0.05  0.53  0.37 
(0.68)
 1.27 
(1.18)
 4.92 
XSOE  0.59  0.13  0.03  0.47  0.25 
(0.72)
 1.42 
(1.16)
 4.79 

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