WisdomTree Global Correlations

DNL Etf

USD 36.86 0.30 0.81%

The current 90-days correlation between WisdomTree Global and WisdomTree Global High is 0.6 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WisdomTree Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree Global ex US moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

WisdomTree Global Correlation With Market

Good diversification

The correlation between WisdomTree Global ex US and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Global ex US 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 Global ex US. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with WisdomTree Etf

0.87	EFG	iShares MSCI EAFE	Pair Corr
0.81	VIGI	Vanguard International	Pair Corr
0.79	IHDG	WisdomTree International	Pair Corr
0.79	CGXU	Capital Group Intern	Pair Corr
0.69	FPXI	First Trust International	Pair Corr
0.86	IQDG	WisdomTree International	Pair Corr
0.87	PIZ	Invesco DWA Developed	Pair Corr
0.77	IDHQ	Invesco SP International	Pair Corr
0.78	BKCI	BNY Mellon ETF	Pair Corr
0.64	EWC	iShares MSCI Canada	Pair Corr
0.69	CSCO	Cisco Systems	Pair Corr
0.73	IBM	International Business	Pair Corr
0.62	T	ATT Inc Sell-off Trend	Pair Corr
0.68	DD	Dupont De Nemours	Pair Corr

Moving against WisdomTree Etf

0.72

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	DEW	DIM	DFJ	DTH	DWM
DEW		0.93	0.88	0.93	0.96	DEW
DIM	0.93		0.96	0.99	0.98	DIM
DFJ	0.88	0.96		0.95	0.95	DFJ
DTH	0.93	0.99	0.95		0.98	DTH
DWM	0.96	0.98	0.95	0.98		DWM
	DEW	DIM	DFJ	DTH	DWM

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WisdomTree Global Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Global 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 Global'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
DEW	0.57	0.04	0.11	(0.35)	0.72	(0.60)	0.94	(1.02)	2.67
DIM	0.63	0.15	0.18	0.25	0.64	(0.66)	1.60	(1.03)	4.34
DFJ	0.63	0.09	0.16	0.26	0.64	(0.74)	1.62	(1.18)	3.09
DTH	0.60	0.18	0.25	0.40	0.58	(0.65)	1.37	(1.00)	3.85
DWM	0.64	0.12	0.18	(0.68)	0.68	(0.68)	1.56	(0.94)	4.08

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