WisdomTree SmallCap Correlations

DES Etf

USD 32.37 0.10 0.31%

The current 90-days correlation between WisdomTree SmallCap and WisdomTree MidCap Dividend is 0.94 (i.e., Almost no diversification). The correlation of WisdomTree SmallCap 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. If the correlation is 0, the equities are not correlated; they are entirely random.

WisdomTree SmallCap Correlation With Market

Poor diversification

The correlation between WisdomTree SmallCap Dividend and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree SmallCap Dividend 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 SmallCap Dividend. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with WisdomTree Etf

0.97	VBR	Vanguard Small Cap	Pair Corr
0.98	IWN	iShares Russell 2000	Pair Corr
0.92	IJJ	iShares SP Mid	Pair Corr
0.98	DFAT	Dimensional Targeted	Pair Corr
0.99	IJS	iShares SP Small	Pair Corr
0.99	SLYV	SPDR SP 600	Pair Corr
0.98	AVUV	Avantis Small Cap	Pair Corr
0.92	MDYV	SPDR SP 400	Pair Corr
0.9	CALF	Pacer Small Cap	Pair Corr
0.93	VTI	Vanguard Total Stock	Pair Corr
0.91	SPY	SPDR SP 500	Pair Corr
0.85	IVV	iShares Core SP	Pair Corr
0.93	VUG	Vanguard Growth Index	Pair Corr
0.85	VO	Vanguard Mid Cap	Pair Corr
0.83	MSFT	Microsoft	Pair Corr
0.62	BA	Boeing	Pair Corr
0.64	WMT	Walmart	Pair Corr
0.85	BAC	Bank of America Aggressive Push	Pair Corr
0.78	CAT	Caterpillar	Pair Corr
0.74	AA	Alcoa Corp	Pair Corr
0.9	HD	Home Depot	Pair Corr

Moving against WisdomTree Etf

0.73	BND	Vanguard Total Bond Sell-off Trend	Pair Corr
0.56	VEA	Vanguard FTSE Developed	Pair Corr
0.56	GDXU	MicroSectors Gold Miners	Pair Corr
0.73	VZ	Verizon Communications	Pair Corr
0.73	TRV	The Travelers Companies	Pair Corr
0.72	JNJ	Johnson Johnson	Pair Corr
0.69	KO	Coca Cola Aggressive Push	Pair Corr
0.59	MCD	McDonalds	Pair Corr
0.46	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.37	IBM	International Business	Pair Corr

Related Correlations Analysis

	DON	DLN	DTD	DLS	DHS
DON		0.53	0.62	-0.46	-0.15	DON
DLN	0.53		0.99	0.41	0.72	DLN
DTD	0.62	0.99		0.31	0.64	DTD
DLS	-0.46	0.41	0.31		0.86	DLS
DHS	-0.15	0.72	0.64	0.86		DHS
	DON	DLN	DTD	DLS	DHS

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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

DTD	+ 0.99	DLN
DHS	+ 0.86	DLS
DHS	+ 0.72	DLN
DHS	+ 0.64	DTD
DTD	+ 0.62	DON
DLN	+ 0.53	DON

High negative correlations

DLS	- 0.46	DON
DHS	- 0.15	DON

WisdomTree SmallCap Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree SmallCap 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 SmallCap'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
DON	0.73	(0.02)	0.00	(0.02)	0.00	0.00	1.41	(1.36)	3.68
DLN	0.58	0.04	0.06	0.05	0.64	(0.64)	1.18	(1.27)	3.21
DTD	0.60	0.03	0.04	0.04	0.63	(0.67)	1.36	(1.20)	3.19
DLS	0.62	0.10	0.12	(0.38)	0.68	(0.64)	1.53	(0.90)	3.78
DHS	0.57	0.09	0.11	0.18	0.67	(0.58)	1.17	(1.17)	3.93

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