WisdomTree Managed Correlations

WTMF Etf

USD 35.83 0.17 0.48%

The current 90-days correlation between WisdomTree Managed and First Trust Managed is 0.28 (i.e., Modest diversification). The correlation of WisdomTree Managed 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 Managed Correlation With Market

Weak diversification

The correlation between WisdomTree Managed Futures and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree Managed Futures 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 Managed Futures. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with WisdomTree Etf

0.68	FMF	First Trust Managed	Pair Corr
0.69	CTA	Simplify Exchange Traded	Pair Corr
0.66	RSPY	Tuttle Capital Management	Pair Corr
0.75	MEME	Roundhill Investments	Pair Corr
0.68	WMT	Walmart Aggressive Push	Pair Corr
0.68	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Moving against WisdomTree Etf

0.67	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.65	KO	Coca Cola Sell-off Trend	Pair Corr
0.5	DBMF	iMGP DBi Managed	Pair Corr
0.37	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.33	AMPD	Tidal Trust II	Pair Corr
0.31	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	FMF	DBMF	FTLS	PUTW	RLY
FMF		-0.06	0.3	0.28	-0.18	FMF
DBMF	-0.06		-0.59	-0.58	0.1	DBMF
FTLS	0.3	-0.59		0.97	0.55	FTLS
PUTW	0.28	-0.58	0.97		0.53	PUTW
RLY	-0.18	0.1	0.55	0.53		RLY
	FMF	DBMF	FTLS	PUTW	RLY

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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

PUTW	+ 0.97	FTLS
RLY	+ 0.55	FTLS
RLY	+ 0.53	PUTW
FTLS	+ 0.3	FMF
PUTW	+ 0.28	FMF
RLY	+ 0.1	DBMF

High negative correlations

FTLS	- 0.59	DBMF
PUTW	- 0.58	DBMF
RLY	- 0.18	FMF
DBMF	- 0.06	FMF

WisdomTree Managed Constituents Risk-Adjusted Indicators

There is a big difference between WisdomTree Etf performing well and WisdomTree Managed 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 Managed'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
FMF	0.43	(0.03)	(0.21)	0.02	0.51	(0.44)	0.95	(0.91)	2.24
DBMF	0.35	(0.07)	0.00	(0.11)	0.00	0.00	0.51	(0.83)	2.11
FTLS	0.45	0.01	(0.09)	0.13	0.47	(0.49)	1.01	(0.87)	3.05
PUTW	0.31	0.03	(0.08)	0.19	0.29	(0.34)	0.77	(0.66)	2.49
RLY	0.48	(0.04)	(0.16)	0.01	0.72	(0.43)	1.05	(1.12)	2.51

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