WisdomTree High Correlations

WFHYDelisted Etf  USD 44.84  0.30  0.67%   
The current 90-days correlation between WisdomTree High Yield and WisdomTree Corporate Bond is 0.3 (i.e., Weak diversification). The correlation of WisdomTree High 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 High Correlation With Market

Significant diversification

The correlation between WisdomTree High Yield and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree High Yield and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with WisdomTree Etf

  0.63VTI Vanguard Total StockPairCorr
  0.68VTV Vanguard Value IndexPairCorr
  0.72VO Vanguard Mid CapPairCorr
  0.72VB Vanguard Small CapPairCorr
  0.66T ATT Inc Fiscal Year End 22nd of January 2025 PairCorr
  0.72BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.63TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.7AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.68WMT WalmartPairCorr
  0.74CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.65AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr

Moving against WisdomTree Etf

  0.58VEA Vanguard FTSE DevelopedPairCorr
  0.34BND Vanguard Total BondPairCorr
  0.54MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.38MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr

Related Correlations Analysis

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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   
JPMCRM
CRMT
JPMT
CRMMETA
MRKA
JPMF
  
High negative correlations   
MRKJPM
MRKCRM
MRKT
TUBER
XOMMSFT
CRMUBER

WisdomTree High Competition Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree High 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 High'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.17  0.27  0.15  0.67  1.17 
 3.22 
 8.02 
MSFT  0.84  0.03 (0.01) 0.16  1.47 
 1.83 
 8.14 
UBER  1.84 (0.29) 0.00 (0.14) 0.00 
 2.69 
 20.41 
F  1.39 (0.13)(0.04) 0.01  2.12 
 2.53 
 11.21 
T  0.98  0.12  0.03  0.67  1.05 
 2.36 
 6.74 
A  1.22 (0.01)(0.05) 0.08  1.47 
 2.71 
 9.02 
CRM  1.47  0.42  0.30  0.41  1.03 
 3.59 
 13.87 
JPM  1.01  0.06  0.12  0.14  0.92 
 1.73 
 15.87 
MRK  0.95 (0.21) 0.00 (0.78) 0.00 
 2.00 
 5.18 
XOM  0.90  0.01 (0.05) 0.14  1.16 
 1.83 
 6.06 

Delisting Warning - WFHY

WisdomTree High Yield was delisted

The entity WisdomTree High Yield with a symbol WFHY was delisted from BATS Exchange. Please try WisdomTree Short Term Corporate with a symbol QHY from now on. Check all delisted instruments accross multiple markets.

Still Interested in WisdomTree High Yield?

Investing in delisted delisted etfs can be risky, as the etf is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.