WisdomTree Floating Correlations

USFR Etf

USD 50.47 0.01 0.02%

The current 90-days correlation between WisdomTree Floating Rate and iShares Treasury Floating is 0.31 (i.e., Weak diversification). The correlation of WisdomTree Floating 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 Floating Correlation With Market

Significant diversification

The correlation between WisdomTree Floating Rate and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Floating Rate and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in WisdomTree Floating Rate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with WisdomTree Etf

1.0	BIL	SPDR Bloomberg 1	Pair Corr
1.0	SHV	iShares Short Treasury	Pair Corr
0.99	JPST	JPMorgan Ultra Short	Pair Corr
0.99	ICSH	iShares Ultra Short	Pair Corr
0.99	FTSM	First Trust Enhanced	Pair Corr
1.0	SGOV	iShares 0 3	Pair Corr
0.99	GBIL	Goldman Sachs Access	Pair Corr
1.0	TFLO	iShares Treasury Floating	Pair Corr
1.0	FLRN	SPDR Bloomberg Investment	Pair Corr
0.91	BABX	GraniteShares 175x Long	Pair Corr
0.9	GDXU	MicroSectors Gold Miners	Pair Corr
0.9	XPP	ProShares Ultra FTSE	Pair Corr
0.9	JNUG	Direxion Daily Junior	Pair Corr
0.87	KO	Coca Cola Sell-off Trend	Pair Corr
0.72	MCD	McDonalds	Pair Corr
0.77	TRV	The Travelers Companies	Pair Corr
0.83	GE	GE Aerospace	Pair Corr
0.78	IBM	International Business	Pair Corr
0.73	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.66	CSCO	Cisco Systems	Pair Corr
0.62	INTC	Intel Sell-off Trend	Pair Corr

Moving against WisdomTree Etf

0.75	AA	Alcoa Corp	Pair Corr
0.53	WTID	UBS ETRACS Upward Rally	Pair Corr
0.86	MSFT	Microsoft Aggressive Push	Pair Corr
0.62	DIS	Walt Disney	Pair Corr
0.61	HPQ	HP Inc	Pair Corr
0.61	CAT	Caterpillar	Pair Corr
0.58	MRK	Merck Company	Pair Corr
0.52	AXP	American Express	Pair Corr

Related Correlations Analysis

	TFLO	FLRN	SGOV	SPTS	BIL
TFLO		1.0	1.0	0.95	1.0	TFLO
FLRN	1.0		1.0	0.96	1.0	FLRN
SGOV	1.0	1.0		0.96	1.0	SGOV
SPTS	0.95	0.96	0.96		0.97	SPTS
BIL	1.0	1.0	1.0	0.97		BIL
	TFLO	FLRN	SGOV	SPTS	BIL

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WisdomTree Floating Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Floating 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 Floating'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TFLO	0.02	0.01	0.23	(5.55)	(0.03)	0.06	(0.02)	0.08
FLRN	0.03	0.01	0.21	(1.98)	(0.04)	0.07	(0.03)	0.13
SGOV	0.01	0.01	0.00	(4.85)	0.00	0.04	0.00	0.05
SPTS	0.07	0.01	0.10	(0.74)	(0.09)	0.17	(0.14)	0.38
BIL	0.01	0.01	0.00	(2.76)	0.00	0.04	0.00	0.05

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