WisdomTree New Economy Real Estate Fund (WTRE) — Stock Correlations & Overview
Over the past year, WTRE has moved most closely with MNRS, BKCH, IBLC. Explore the stocks most correlated and inversely correlated with WTRE below, along with its price, financials, and company profile.
Stocks correlated with WTRE
Correlation of daily returns. Higher positive values move with WTRE; negative values move opposite it. Informational only, not investment advice.
Most correlated with WTRE
| Symbol | Company | Correlation |
|---|---|---|
| MNRS | Grayscale Bitcoin Miners ETF | 0.83 |
| BKCH | Global X Blockchain ETF | 0.82 |
| IBLC | iShares Blockchain and Tech ETF | 0.82 |
| DADS | Digital Asset Debt Strategy ETF | 0.82 |
| STCE | Schwab Crypto Thematic Natural Language Processing ETF | 0.82 |
Most inversely correlated with WTRE
| Symbol | Company | Correlation |
|---|---|---|
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.72 |
| TWM | ProShares UltraShort Russell2000 | -0.71 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.71 |
| RWM | ProShares Short Russell2000 | -0.71 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.67 |
Frequently asked questions about WTRE correlations
- Which stocks are most correlated with WTRE?
- Based on one year of daily returns, the stocks most correlated with WisdomTree New Economy Real Estate Fund (WTRE) are MNRS (0.83), BKCH (0.82) and IBLC (0.82). 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 WTRE?
- Over the past year, the stocks most inversely correlated with WisdomTree New Economy Real Estate Fund (WTRE) are TZA (-0.72), TWM (-0.71) and SRTY (-0.71). 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 WTRE correlations calculated?
- We compute the correlation of daily returns between WTRE 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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