WisdomTree Dynamic Correlations

DDWM Etf

USD 37.27 0.19 0.51%

The current 90-days correlation between WisdomTree Dynamic and WisdomTree Dynamic Currency is 0.9 (i.e., Almost no 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 0.65 (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.

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

0.98	EFV	iShares MSCI EAFE	Pair Corr
0.98	FNDF	Schwab Fundamental	Pair Corr
0.98	VYMI	Vanguard International	Pair Corr
0.94	IDV	iShares International	Pair Corr
0.98	DFIV	Dimensional International	Pair Corr
0.96	IVLU	iShares Edge MSCI	Pair Corr
0.95	RODM	Hartford Multifactor	Pair Corr
0.98	PXF	Invesco FTSE RAFI	Pair Corr
0.97	HDEF	Xtrackers MSCI EAFE	Pair Corr
0.95	PID	Invesco International	Pair Corr
0.91	BABX	GraniteShares 175x Long	Pair Corr
0.93	GDXU	MicroSectors Gold Miners	Pair Corr
0.92	XPP	ProShares Ultra FTSE	Pair Corr
0.92	JNUG	Direxion Daily Junior	Pair Corr
0.78	TRV	The Travelers Companies	Pair Corr
0.87	MMM	3M Company	Pair Corr
0.8	IBM	International Business	Pair Corr
0.68	INTC	Intel	Pair Corr
0.76	CVX	Chevron Corp	Pair Corr
0.69	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.85	KO	Coca Cola Aggressive Push	Pair Corr
0.69	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr

Moving against WisdomTree Etf

0.5	WTID	UBS ETRACS	Pair Corr
0.35	BAC	Bank of America Aggressive Push	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr
0.65	MRK	Merck Company	Pair Corr
0.57	CAT	Caterpillar	Pair Corr
0.56	HPQ	HP Inc	Pair Corr
0.54	DIS	Walt Disney	Pair Corr
0.46	AXP	American Express	Pair Corr

Related Correlations Analysis

	DDLS	IHDG	EUSC	DBAW	EUDG
DDLS		0.63	0.9	0.93	0.88	DDLS
IHDG	0.63		0.53	0.8	0.64	IHDG
EUSC	0.9	0.53		0.92	0.97	EUSC
DBAW	0.93	0.8	0.92		0.94	DBAW
EUDG	0.88	0.64	0.97	0.94		EUDG
	DDLS	IHDG	EUSC	DBAW	EUDG

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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
DDLS	0.56	0.08	0.10	0.13	0.61	(0.59)	1.14	(1.03)	4.03
IHDG	0.62	0.02	0.03	0.04	0.82	(0.58)	1.09	(1.20)	4.10
EUSC	0.55	0.22	0.29	0.49	0.33	(0.60)	1.24	(0.90)	4.37
DBAW	0.52	0.10	0.14	0.18	0.58	(0.56)	1.11	(0.94)	3.92
EUDG	0.69	0.13	0.16	0.28	0.63	(0.75)	1.46	(1.27)	4.14

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