WisdomTree International Correlations

DWM Etf

USD 57.30 0.62 1.09%

The current 90-days correlation between WisdomTree International and WisdomTree International High is 0.92 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WisdomTree International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree International Equity moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

WisdomTree International Correlation With Market

Very weak diversification

The correlation between WisdomTree International Equit and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree International Equit 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 International Equity. 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

0.99	EFV	iShares MSCI EAFE	Pair Corr
0.78	FNDF	Schwab Fundamental	Pair Corr
0.78	VYMI	Vanguard International	Pair Corr
0.79	IDV	iShares International Low Volatility	Pair Corr
0.72	DFIV	Dimensional International	Pair Corr
0.67	IVLU	iShares Edge MSCI	Pair Corr
0.74	RODM	Hartford Multifactor	Pair Corr
0.73	PXF	Invesco FTSE RAFI	Pair Corr
0.75	HDEF	Xtrackers MSCI EAFE	Pair Corr
0.87	PID	Invesco International	Pair Corr
0.68	T	ATT Inc Aggressive Push	Pair Corr
0.62	KO	Coca Cola Aggressive Push	Pair Corr
0.66	CVX	Chevron Corp	Pair Corr
0.63	GE	GE Aerospace	Pair Corr
0.61	XOM	Exxon Mobil Corp	Pair Corr
0.69	VZ	Verizon Communications Aggressive Push	Pair Corr
0.61	DD	Dupont De Nemours	Pair Corr
0.83	JNJ	Johnson Johnson	Pair Corr

Moving against WisdomTree Etf

0.56

MRK

Merck Company Aggressive Push

Pair Corr

Related Correlations Analysis

	DTH	DIM	DEW	DLS	DOL
DTH		0.97	0.85	0.92	0.99	DTH
DIM	0.97		0.93	0.97	0.97	DIM
DEW	0.85	0.93		0.91	0.84	DEW
DLS	0.92	0.97	0.91		0.91	DLS
DOL	0.99	0.97	0.84	0.91		DOL
	DTH	DIM	DEW	DLS	DOL

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WisdomTree International Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree International 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 International'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
DTH	0.58	0.13	0.14	0.27	0.66	(0.59)	1.20	(1.06)	3.54
DIM	0.56	0.08	0.10	0.15	0.64	(0.59)	1.26	(1.03)	3.29
DEW	0.51	0.02	0.02	0.05	0.69	(0.56)	0.91	(1.02)	3.18
DLS	0.53	0.06	0.07	0.12	0.71	(0.51)	1.23	(1.09)	3.42
DOL	0.54	0.12	0.15	0.26	0.60	(0.60)	1.18	(1.04)	3.59

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