WisdomTree Global Defense Fund (WDGF) — Stock Correlations & Overview
Over the past year, WDGF has moved most closely with SHLD, IDEF, NATO. Explore the stocks most correlated and inversely correlated with WDGF below, along with its price, financials, and company profile.
Stocks correlated with WDGF
Correlation of daily returns. Higher positive values move with WDGF; negative values move opposite it. Informational only, not investment advice.
Most correlated with WDGF
| Symbol | Company | Correlation |
|---|---|---|
| SHLD | Global X Defense Tech ETF | 0.96 |
| IDEF | BlackRock ETF Trust iShares Defense Industrials and Tech Active ETF | 0.95 |
| NATO | Themes Transatlantic Defense ETF | 0.89 |
| MISL | First Trust Indxx Aerospace & Defense ETF | 0.87 |
| PPA | Invesco Aerospace & Defense ETF | 0.87 |
Most inversely correlated with WDGF
| Symbol | Company | Correlation |
|---|---|---|
| SIJ | ProShares UltraShort Industrials | -0.59 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.59 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.56 |
| EPV | ProShares UltraShort FTSE Europe | -0.56 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.56 |
Frequently asked questions about WDGF correlations
- Which stocks are most correlated with WDGF?
- Based on one year of daily returns, the stocks most correlated with WisdomTree Global Defense Fund (WDGF) are SHLD (0.96), IDEF (0.95) and NATO (0.89). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with WDGF?
- Over the past year, the stocks most inversely correlated with WisdomTree Global Defense Fund (WDGF) are SIJ (-0.59), SARK (-0.59) and EFU (-0.56). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these WDGF correlations calculated?
- We compute the correlation of daily returns between WDGF and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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