WisdomTree Emerging Correlations

DGRE Etf

USD 25.02 0.16 0.64%

The current 90-days correlation between WisdomTree Emerging and WisdomTree SmallCap Quality is 0.31 (i.e., Weak 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

Weak diversification

The correlation between WisdomTree Emerging Markets and DJI is 0.39 (i.e., 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.

Check out Investing Opportunities 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 metropolitan statistical area.

Moving together with WisdomTree Etf

0.7	VWO	Vanguard FTSE Emerging	Pair Corr
0.93	IEMG	iShares Core MSCI	Pair Corr
0.72	EMC	Global X Funds	Pair Corr
0.73	EEM	iShares MSCI Emerging	Pair Corr
0.69	SPEM	SPDR Portfolio Emerging	Pair Corr
0.86	FNDE	Schwab Fundamental	Pair Corr
0.73	ESGE	iShares ESG Aware	Pair Corr
0.65	DGS	WisdomTree Emerging	Pair Corr
0.92	XSOE	WisdomTree Emerging	Pair Corr
0.71	EMXC	iShares MSCI Emerging Sell-off Trend	Pair Corr
0.61	VEA	Vanguard FTSE Developed	Pair Corr
0.66	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.63	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Moving against WisdomTree Etf

0.56	VUG	Vanguard Growth Index	Pair Corr
0.56	QTUM	Defiance Quantum ETF	Pair Corr
0.46	SPY	SPDR SP 500	Pair Corr
0.39	VB	Vanguard Small Cap	Pair Corr
0.38	VTI	Vanguard Total Stock	Pair Corr
0.37	IVV	iShares Core SP	Pair Corr
0.61	DIS	Walt Disney	Pair Corr
0.53	WMT	Walmart	Pair Corr
0.53	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.51	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.5	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.48	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	DGRS	DXJS	AGZD	EMCB	EMCG
DGRS		0.31	0.45	-0.02	0.49	DGRS
DXJS	0.31		0.74	-0.19	0.21	DXJS
AGZD	0.45	0.74		-0.45	0.47	AGZD
EMCB	-0.02	-0.19	-0.45		-0.39	EMCB
EMCG	0.49	0.21	0.47	-0.39		EMCG
	DGRS	DXJS	AGZD	EMCB	EMCG

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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

AGZD	+ 0.74	DXJS
EMCG	+ 0.49	DGRS
EMCG	+ 0.47	AGZD
AGZD	+ 0.45	DGRS
DXJS	+ 0.31	DGRS
EMCG	+ 0.21	DXJS

High negative correlations

EMCB	- 0.45	AGZD
EMCG	- 0.39	EMCB
EMCB	- 0.19	DXJS
EMCB	- 0.02	DGRS

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DGRS	0.86	0.01	0.01	0.05	0.99	(1.03)	1.86	(1.46)	10.33
DXJS	0.74	0.04	0.04	7.74	0.84	(0.77)	1.48	(1.57)	4.88
AGZD	0.20	0.02	0.09	0.36	0.10	(0.27)	0.49	(0.36)	1.12
EMCB	0.34	(0.03)	0.00	0.49	0.00	0.00	0.65	(0.76)	2.25
EMCG	0.14	0.01	0.00	0.15	0.00	0.00	0.35	(0.26)	3.66

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