WisdomTree Total Correlations

DTD Etf

USD 77.30 0.23 0.30%

The current 90-days correlation between WisdomTree Total Dividend and WisdomTree LargeCap Dividend is 0.99 (i.e., No risk reduction). The correlation of WisdomTree Total 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 Total Correlation With Market

Poor diversification

The correlation between WisdomTree Total Dividend and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Total 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 Total 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 estimate.

Moving together with WisdomTree Etf

0.97	VTV	Vanguard Value Index	Pair Corr
0.98	VYM	Vanguard High Dividend	Pair Corr
0.96	IWD	iShares Russell 1000	Pair Corr
0.99	DGRO	iShares Core Dividend	Pair Corr
0.93	IVE	iShares SP 500 Sell-off Trend	Pair Corr
0.93	DVY	iShares Select Dividend	Pair Corr
0.93	SPYV	SPDR Portfolio SP Sell-off Trend	Pair Corr
0.76	FVD	First Trust Value	Pair Corr
0.92	IUSV	iShares Core SP	Pair Corr
0.75	NOBL	ProShares SP 500	Pair Corr
0.88	JPM	JPMorgan Chase	Pair Corr
0.74	GE	GE Aerospace	Pair Corr
0.74	WMT	Walmart	Pair Corr

Moving against WisdomTree Etf

0.69

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	DLN	DES	DHS	DON	DWM
DLN		0.25	0.73	0.52	0.46	DLN
DES	0.25		-0.42	0.93	-0.67	DES
DHS	0.73	-0.42		-0.14	0.9	DHS
DON	0.52	0.93	-0.14		-0.43	DON
DWM	0.46	-0.67	0.9	-0.43		DWM
	DLN	DES	DHS	DON	DWM

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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

DON	+ 0.93	DES
DWM	+ 0.9	DHS
DHS	+ 0.73	DLN
DON	+ 0.52	DLN
DWM	+ 0.46	DLN
DES	+ 0.25	DLN

High negative correlations

DWM	- 0.67	DES
DWM	- 0.43	DON
DHS	- 0.42	DES
DON	- 0.14	DHS

WisdomTree Total Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Total 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 Total'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
DLN	0.61	0.00	0.00	0.01	0.79	(0.64)	1.18	(1.43)	3.21
DES	0.86	(0.15)	0.00	(0.17)	0.00	0.00	1.41	(1.58)	3.95
DHS	0.60	0.04	0.04	0.08	0.84	(0.57)	1.17	(1.45)	3.94
DON	0.79	(0.08)	0.00	(0.08)	0.00	0.00	1.41	(1.52)	3.68
DWM	0.62	0.15	0.17	0.29	0.65	(0.67)	1.56	(0.94)	4.08

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