WisdomTree SmallCap Correlations

EES Etf

USD 55.41 0.13 0.24%

The current 90-days correlation between WisdomTree SmallCap and WisdomTree MidCap Earnings is 0.96 (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

Weak diversification

The correlation between WisdomTree SmallCap Earnings and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree SmallCap Earnings 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 Earnings. 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

0.96	VBR	Vanguard Small Cap	Pair Corr
0.96	IWN	iShares Russell 2000	Pair Corr
0.98	DFAT	Dimensional Targeted	Pair Corr
1.0	IJS	iShares SP Small	Pair Corr
0.99	SLYV	SPDR SP 600	Pair Corr
0.99	AVUV	Avantis Small Cap	Pair Corr
0.97	DES	WisdomTree SmallCap	Pair Corr
0.95	MDYV	SPDR SP 400	Pair Corr
0.92	CALF	Pacer Small Cap	Pair Corr
0.95	REGL	ProShares SP MidCap	Pair Corr
0.66	OIH	VanEck Oil Services	Pair Corr
0.83	EWC	iShares MSCI Canada	Pair Corr
0.64	HUM	Humana Inc	Pair Corr
0.97	EZM	WisdomTree MidCap	Pair Corr
0.95	NIXT	Research Affiliates	Pair Corr
0.95	RFDA	RiverFront Dynamic	Pair Corr
0.64	PG	Procter Gamble	Pair Corr
0.73	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.73	AA	Alcoa Corp	Pair Corr
0.63	CVX	Chevron Corp Earnings Call This Week	Pair Corr

Moving against WisdomTree Etf

0.66	IAUF	IShares	Pair Corr
0.48	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.37	BA	Boeing Earnings Call This Week	Pair Corr

Related Correlations Analysis

	EZM	EPS	RWJ	PRFZ	DES
EZM		0.84	0.97	0.98	0.95	EZM
EPS	0.84		0.89	0.85	0.73	EPS
RWJ	0.97	0.89		0.98	0.92	RWJ
PRFZ	0.98	0.85	0.98		0.97	PRFZ
DES	0.95	0.73	0.92	0.97		DES
	EZM	EPS	RWJ	PRFZ	DES

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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
EZM	0.80	0.04	0.02	0.13	0.84	(0.95)	1.72	(0.93)	8.97
EPS	0.55	0.07	0.04	0.24	0.74	(0.55)	1.10	(1.12)	5.90
RWJ	0.93	0.08	0.03	0.66	1.12	(0.98)	2.16	(1.71)	10.01
PRFZ	0.85	0.04	0.02	0.13	1.13	(0.87)	1.71	(1.37)	9.52
DES	0.88	0.00	(0.02)	0.05	1.08	(0.98)	1.76	(1.42)	10.63

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