Western Asset Correlations

WBND Etf

USD 20.07 0.16 0.79%

The current 90-days correlation between Western Asset Total and Western Asset Short is 0.62 (i.e., Poor diversification). The correlation of Western Asset 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.

Western Asset Correlation With Market

Good diversification

The correlation between Western Asset Total and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Asset Total and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Asset Total. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Western Etf

0.99	IUSB	iShares Core Total	Pair Corr
0.99	FIXD	First Trust TCW Sell-off Trend	Pair Corr
0.99	FBND	Fidelity Total Bond	Pair Corr
0.99	TOTL	SPDR DoubleLine Total	Pair Corr
1.0	HTRB	Hartford Total Return	Pair Corr
1.0	GTO	Invesco Total Return	Pair Corr
0.99	EUSB	iShares Trust	Pair Corr
1.0	JCPB	JPMorgan Core Plus	Pair Corr
0.99	VBND	Vident Core Bond	Pair Corr
0.99	CGCP	Capital Group Core	Pair Corr
0.86	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.91	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against Western Etf

0.87	DSJA	DSJA	Pair Corr
0.86	TSJA	TSJA	Pair Corr
0.76	XTJA	Innovator ETFs Trust	Pair Corr
0.76	XDJA	Innovator ETFs Trust	Pair Corr
0.74	QTJA	Innovator ETFs Trust	Pair Corr
0.72	QTAP	Innovator Growth 100	Pair Corr
0.71	QTOC	Innovator ETFs Trust	Pair Corr
0.67	UPRO	ProShares UltraPro SP500	Pair Corr
0.66	XTOC	Innovator ETFs Trust	Pair Corr
0.82	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.74	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.71	XTAP	Innovator Equity Acc	Pair Corr
0.71	HPQ	HP Inc	Pair Corr
0.67	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.61	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.6	WMT	Walmart Aggressive Push	Pair Corr
0.59	DIS	Walt Disney Aggressive Push	Pair Corr
0.56	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.55	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.43	HD	Home Depot	Pair Corr

Related Correlations Analysis

	WINC	SUSC	VSMV	YLDE	LDSF
WINC		0.71	0.03	-0.01	0.83	WINC
SUSC	0.71		-0.5	-0.62	0.93	SUSC
VSMV	0.03	-0.5		0.95	-0.4	VSMV
YLDE	-0.01	-0.62	0.95		-0.48	YLDE
LDSF	0.83	0.93	-0.4	-0.48		LDSF
	WINC	SUSC	VSMV	YLDE	LDSF

Click cells to compare fundamentals

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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

YLDE	+ 0.95	VSMV
LDSF	+ 0.93	SUSC
LDSF	+ 0.83	WINC
SUSC	+ 0.71	WINC
VSMV	+ 0.03	WINC

High negative correlations

YLDE	- 0.62	SUSC
VSMV	- 0.5	SUSC
LDSF	- 0.48	YLDE
LDSF	- 0.4	VSMV
YLDE	- 0.01	WINC

Western Asset Constituents Risk-Adjusted Indicators

There is a big difference between Western Etf performing well and Western Asset 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 Western Asset'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
WINC	0.09	0.00	(0.94)	0.12	0.04	(0.10)	0.21	(0.17)	0.71
SUSC	0.27	0.00	(0.37)	0.25	0.33	(0.30)	0.52	(0.59)	1.65
VSMV	0.48	0.00	(0.08)	0.13	0.44	(0.52)	0.98	(0.99)	3.24
YLDE	0.48	0.04	0.00	0.18	0.30	(0.56)	0.91	(0.93)	3.41
LDSF	0.12	(0.01)	(0.65)	(0.23)	0.15	(0.14)	0.26	(0.32)	0.80

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