WisdomTree Emerging Correlations

XSOE Etf

USD 31.36 0.26 0.82%

The current 90-days correlation between WisdomTree Emerging and WisdomTree China ex State Owned is 0.71 (i.e., Poor 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 0.43 (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 persons.

Moving together with WisdomTree Etf

0.95	VWO	Vanguard FTSE Emerging	Pair Corr
0.95	IEMG	iShares Core MSCI	Pair Corr
0.93	EMC	Global X Funds	Pair Corr
0.81	EEM	iShares MSCI Emerging	Pair Corr
0.96	SPEM	SPDR Portfolio Emerging	Pair Corr
0.86	FNDE	Schwab Fundamental	Pair Corr
0.91	ESGE	iShares ESG Aware	Pair Corr
0.89	SFGRX	Seafarer Overseas	Pair Corr
0.93	DGS	WisdomTree Emerging	Pair Corr
0.74	GDXU	MicroSectors Gold Miners	Pair Corr
0.64	T	ATT Inc Aggressive Push	Pair Corr
0.63	MCD	McDonalds	Pair Corr
0.74	INTC	Intel	Pair Corr

Moving against WisdomTree Etf

0.4	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.4	CAT	Caterpillar	Pair Corr
0.4	MSFT	Microsoft	Pair Corr
0.38	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	CXSE	ESGE	SPEM	IHDG	IQLT
CXSE		0.92	0.91	0.46	0.92	CXSE
ESGE	0.92		0.97	0.68	0.93	ESGE
SPEM	0.91	0.97		0.55	0.87	SPEM
IHDG	0.46	0.68	0.55		0.69	IHDG
IQLT	0.92	0.93	0.87	0.69		IQLT
	CXSE	ESGE	SPEM	IHDG	IQLT

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CXSE	1.29	0.20	0.14	0.67	1.31	(1.48)	2.82	(2.56)	7.32
ESGE	0.77	0.08	0.08	0.17	0.92	(0.82)	1.64	(1.70)	5.13
SPEM	0.68	0.05	0.06	0.12	0.81	(0.68)	1.37	(1.59)	5.06
IHDG	0.62	0.02	0.03	0.04	0.82	(0.58)	1.09	(1.20)	4.10
IQLT	0.64	0.11	0.14	0.19	0.67	(0.73)	1.34	(1.25)	3.87

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