WisdomTree International Correlations

IHDG Etf

USD 43.79 0.62 1.40%

The current 90-days correlation between WisdomTree International and WisdomTree International Quality is 0.85 (i.e., Very poor diversification). The correlation of WisdomTree International 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 International Correlation With Market

Very weak diversification

The correlation between WisdomTree International Hedge and DJI is 0.52 (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 Hedge and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in WisdomTree International Hedged. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with WisdomTree Etf

0.75	EFG	iShares MSCI EAFE	Pair Corr
0.82	CGXU	Capital Group Intern	Pair Corr
0.9	DNL	WisdomTree Global	Pair Corr
0.89	FPXI	First Trust International	Pair Corr
0.76	IQDG	WisdomTree International	Pair Corr
0.73	PIZ	Invesco DWA Developed	Pair Corr
0.79	BKCI	BNY Mellon ETF	Pair Corr
0.77	EWC	iShares MSCI Canada	Pair Corr
0.65	IRET	iREIT MarketVector	Pair Corr
0.75	WMT	Walmart	Pair Corr
0.77	CSCO	Cisco Systems	Pair Corr
0.68	IBM	International Business	Pair Corr
0.69	MMM	3M Company	Pair Corr
0.78	DD	Dupont De Nemours	Pair Corr
0.79	JPM	JPMorgan Chase	Pair Corr

Moving against WisdomTree Etf

0.71

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	IQDG	EUSC	HEFA	EUDG	IDLV
IQDG		0.83	0.96	0.93	0.84	IQDG
EUSC	0.83		0.89	0.96	0.98	EUSC
HEFA	0.96	0.89		0.94	0.89	HEFA
EUDG	0.93	0.96	0.94		0.97	EUDG
IDLV	0.84	0.98	0.89	0.97		IDLV
	IQDG	EUSC	HEFA	EUDG	IDLV

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
IQDG	0.73	0.12	0.14	0.13	0.86	(0.78)	1.44	(1.16)	4.93
EUSC	0.59	0.21	0.32	0.42	0.44	(0.65)	1.21	(0.99)	4.39
HEFA	0.56	0.11	0.17	0.15	0.67	(0.57)	0.94	(1.11)	3.53
EUDG	0.70	0.18	0.25	0.33	0.62	(0.78)	1.46	(1.20)	4.15
IDLV	0.52	0.17	0.34	0.34	0.36	(0.60)	1.10	(0.88)	2.44

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC