WisdomTree Issuer Correlations

WSDDF Etf

USD 43.03 0.04 0.09%

The current 90-days correlation between WisdomTree Issuer ICAV and Vanguard Total Stock is 0.03 (i.e., Significant diversification). The correlation of WisdomTree Issuer 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 Issuer Correlation With Market

Significant diversification

The correlation between WisdomTree Issuer ICAV and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Issuer ICAV 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 Issuer ICAV. Also, note that the market value of any otc etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with WisdomTree OTC Etf

0.86	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.85	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.85	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.66	VTV	Vanguard Value Index	Pair Corr
0.86	VUG	Vanguard Growth Index Sell-off Trend	Pair Corr
0.85	VO	Vanguard Mid Cap	Pair Corr
0.87	VB	Vanguard Small Cap	Pair Corr
0.84	DSJA	DSJA	Pair Corr
0.85	RSPY	Tuttle Capital Management	Pair Corr
0.82	MEME	Roundhill Investments	Pair Corr
0.88	DIS	Walt Disney	Pair Corr
0.81	CSCO	Cisco Systems	Pair Corr
0.81	WMT	Walmart	Pair Corr
0.87	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.84	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.89	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.62	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.66	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Moving against WisdomTree OTC Etf

0.77	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.73	VEA	Vanguard FTSE Developed	Pair Corr
0.5	BND	Vanguard Total Bond	Pair Corr
0.38	VWO	Vanguard FTSE Emerging	Pair Corr
0.86	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.43	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.32	MCD	McDonalds Sell-off Trend	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.42	-0.28	-0.07	0.51	0.28	0.65	0.43	-0.4	0.02	META
MSFT	0.42		-0.49	0.04	0.36	0.16	0.29	0.17	0.1	-0.72	MSFT
UBER	-0.28	-0.49		0.05	-0.7	0.11	-0.59	-0.46	0.4	0.47	UBER
F	-0.07	0.04	0.05		0.25	-0.54	0.32	0.51	-0.36	0.25	F
T	0.51	0.36	-0.7	0.25		-0.29	0.88	0.85	-0.72	-0.17	T
A	0.28	0.16	0.11	-0.54	-0.29		-0.26	-0.46	0.57	-0.08	A
CRM	0.65	0.29	-0.59	0.32	0.88	-0.26		0.92	-0.83	0.03	CRM
JPM	0.43	0.17	-0.46	0.51	0.85	-0.46	0.92		-0.87	0.11	JPM
MRK	-0.4	0.1	0.4	-0.36	-0.72	0.57	-0.83	-0.87		-0.25	MRK
XOM	0.02	-0.72	0.47	0.25	-0.17	-0.08	0.03	0.11	-0.25		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.92	CRM
CRM	+ 0.88	T
JPM	+ 0.85	T
CRM	+ 0.65	META
MRK	+ 0.57	A
T	+ 0.51	META

High negative correlations

MRK	- 0.87	JPM
MRK	- 0.83	CRM
MRK	- 0.72	T
XOM	- 0.72	MSFT
T	- 0.7	UBER
CRM	- 0.59	UBER

WisdomTree Issuer Competition Risk-Adjusted Indicators

There is a big difference between WisdomTree OTC Etf performing well and WisdomTree Issuer OTC 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 Issuer'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
META	1.15	0.21	0.11	0.55	1.25	(1.33)	3.22	(1.87)	8.02
MSFT	0.84	0.02	(0.01)	0.12	1.45	(0.79)	1.83	(1.57)	8.14
UBER	1.83	(0.28)	0.00	(0.13)	0.00	0.00	2.69	(5.35)	20.41
F	1.39	0.01	(0.03)	0.13	2.12	(1.42)	2.53	(2.79)	11.21
T	0.97	0.15	0.06	2.52	1.02	(1.08)	2.36	(1.99)	6.74
A	1.22	0.00	(0.04)	0.09	1.46	(1.30)	2.71	(2.41)	9.02
CRM	1.47	0.40	0.29	0.38	1.04	(1.72)	3.59	(1.93)	13.87
JPM	1.01	0.08	0.13	0.13	0.94	(1.19)	1.73	(1.42)	15.87
MRK	0.96	(0.20)	0.00	(0.82)	0.00	0.00	2.00	(2.17)	5.18
XOM	0.89	(0.02)	(0.07)	0.02	1.18	(0.97)	1.83	(1.96)	6.06

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