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ETFs

WisdomTree Battery Value Chain and Innovation Fund

WBAT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 17 2022
Expense Ratio
0.45%
Type
Global Equities
Fund Owner
Wisdom Tree
Volume (1m avg. daily)
$14,635
AUM
$5,047,403
Associated Index
WisdomTree Battery Value Chain and Innovation Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
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BAS
BASF SE
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ENS
Enersys
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QINGDAO TGOOD ELECTRIC-A
2.10%
BLNK
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1.97%
Invest with WBAT

What is WBAT?

The WisdomTree Battery Value Chain and Innovation Fund seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Battery Value Chain and Innovation Index. A geographically and industrially diverse portfolio with the capability to continually evolve with rapidly developing battery technology.

ETFs related toWBAT

ETFs correlated to WBAT include LIT, DRIV, VSS

WBAT
WisdomTree Trust - WisdomTree Battery Value Chain and Innovation Fund
LIT
Global X Funds - Global X Lithium & Battery Tech ETF
DRIV
Global X Funds - Global X Autonomous & Electric Vehicles ETF
VSS
Vanguard Group, Inc. - Vanguard FTSE All-World Ex-US Small Capital Index Fund ETF
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF
VXUS
Vanguard Group, Inc. - Vanguard Total International Stock ETF
VEU
Vanguard Group, Inc. - Vanguard FTSE All-World ex-US ETF
CWI
SSgA Active Trust - SPDR MSCI ACWI ex-US ETF
CGXU
Capital Group Companies Inc - Capital Group International Focus Equity ETF
IXUS
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Total International Stock ETF
ACWX
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ex US ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toWBAT

#TOTAL

The Total Package

Category

Getting Started, Go Global

Risk Rating

Moderate

#SWENS

The Swensen

Category

Classic

Risk Rating

Moderate

Create your own algorithmic trading strategy with WBAT using Composer

FAQ

WBAT is a Global Equities ETF. The WisdomTree Battery Value Chain and Innovation Fund seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Battery Value Chain and Innovation Index. A geographically and industrially diverse portfolio with the capability to continually evolve with rapidly developing battery technology.

WBAT tracks the WisdomTree Battery Value Chain and Innovation Index.

No, WBAT is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, WBAT is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on WBAT is -0.044%. This is the percent change in the value of WBAT over the most recent 1-month period. The 3-month return on WBAT is 0.026%. This is the percent change in the value of WBAT over the most recent 3-month period.

The standard deviation of WBAT for the past year is 0.2508%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to WBAT include TAN, EFV, and PBW.

ETFs correlated to WBAT include LIT, DRIV, and VSS.

ETFs that are inversely correlated to WBAT include EFZ, EPV, and EDZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.