WisdomTree BioRevolution Fund (WDNA) — Stock Correlations & Overview
Over the past year, WDNA has moved most closely with GNOM, IDNA, IBB. Explore the stocks most correlated and inversely correlated with WDNA below, along with its price, financials, and company profile.
Stocks correlated with WDNA
Correlation of daily returns. Higher positive values move with WDNA; negative values move opposite it. Informational only, not investment advice.
Most correlated with WDNA
| Symbol | Company | Correlation |
|---|---|---|
| GNOM | Global X Genomics & Biotechnology ETF | 0.92 |
| IDNA | iShares Genomics Immunology and Healthcare ETF | 0.90 |
| IBB | iShares Biotechnology ETF | 0.87 |
| BIB | ProShares Ultra NASDAQ Biotechnology | 0.86 |
| IBBQ | Invesco Nasdaq Biotechnology ETFINVESTMENT ADVICE | 0.86 |
Most inversely correlated with WDNA
| Symbol | Company | Correlation |
|---|---|---|
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.87 |
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.86 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.65 |
| RWM | ProShares Short Russell2000 | -0.61 |
| TWM | ProShares UltraShort Russell2000 | -0.60 |
Frequently asked questions about WDNA correlations
- Which stocks are most correlated with WDNA?
- Based on one year of daily returns, the stocks most correlated with WisdomTree BioRevolution Fund (WDNA) are GNOM (0.92), IDNA (0.90) and IBB (0.87). 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 WDNA?
- Over the past year, the stocks most inversely correlated with WisdomTree BioRevolution Fund (WDNA) are BIS (-0.87), LABD (-0.86) and SARK (-0.65). 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 WDNA correlations calculated?
- We compute the correlation of daily returns between WDNA 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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