WisdomTree Emerging Correlations

XC Etf

USD 31.48 0.07 0.22%

The current 90-days correlation between WisdomTree Emerging and Columbia EM Core is 0.96 (i.e., Almost no diversification). The correlation of WisdomTree Emerging 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 Emerging Correlation With Market

Very weak diversification

The correlation between WisdomTree Emerging Markets and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Emerging Markets 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 WisdomTree Emerging Markets. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with WisdomTree Etf

0.64	IEMG	iShares Core MSCI	Pair Corr
0.75	EMC	Global X Funds	Pair Corr
0.61	EEM	iShares MSCI Emerging	Pair Corr
0.84	DGS	WisdomTree Emerging	Pair Corr
0.89	EMXC	iShares MSCI Emerging	Pair Corr
0.69	KO	Coca Cola Aggressive Push	Pair Corr
0.74	PFE	Pfizer Inc Aggressive Push	Pair Corr

Moving against WisdomTree Etf

0.52	QTOC	Innovator ETFs Trust	Pair Corr
0.51	XTOC	Innovator ETFs Trust	Pair Corr
0.48	TSJA	TSJA	Pair Corr
0.46	DSJA	DSJA	Pair Corr
0.32	XTJA	Innovator ETFs Trust	Pair Corr
0.31	XDJA	Innovator ETFs Trust	Pair Corr
0.64	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.52	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.51	WMT	Walmart Aggressive Push	Pair Corr
0.46	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.36	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.36	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Related Correlations Analysis

	XCEM	WDNA	EMXC	EMMF	KEMX
XCEM		0.69	0.91	0.92	0.98	XCEM
WDNA	0.69		0.68	0.56	0.61	WDNA
EMXC	0.91	0.68		0.88	0.91	EMXC
EMMF	0.92	0.56	0.88		0.95	EMMF
KEMX	0.98	0.61	0.91	0.95		KEMX
	XCEM	WDNA	EMXC	EMMF	KEMX

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WisdomTree Emerging Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Emerging 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 Emerging'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
XCEM	0.66	(0.14)	(0.18)	1.16	(1.42)	3.94
WDNA	0.91	(0.18)	(0.06)	1.71	(2.66)	6.11
EMXC	0.63	(0.10)	(0.97)	1.28	(1.31)	4.07
EMMF	0.53	(0.10)	(0.17)	1.34	(1.15)	3.45
KEMX	0.67	(0.13)	(0.17)	1.41	(1.49)	4.29

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