WisdomTree Trust WisdomTree U.S. Growth & Momentum Fund
Top 10 Holdings
What is WGRO?
The Fund employs a passive management or indexing investment approach designed to track theperformance of the Index. The Index is provided by O Neil Global Advisors, Inc. (the Index Provider ) and iscomprised of mid- and large-capitalization companies that provide exposure to a portfolio of high growth andmomentum U.S. exchange-listed companies. Momentum style investing emphasizes investing in securities that havehad higher recent price performance compared to other securities, with the expectation that this will continue toproduce short-term excess returns in the future. The Index seeks to identify stocks that exhibit momentumcharacteristics in anticipation of the price trend continuing higher. The Index seeks to achieve its objective byfocusing on a combination of technical and fundamental factors such as: (1)pullback- measurement of a stock slong-term momentum and short-term mean reversion characteristics; (2)volatility- measurement of the standarddeviation of returns over a one-year period; (3)data graph- composite rating of growth characteristics based on aformula; and (4)hotness- measurement of a stock s recent change in volume compared to historical averages. TheIndex then selects the top 50-100 stocks as determined by each company s score received across the above-referenced factors.
ETFs related toWGRO
ETFs correlated to WGRO include GLRY, AVGE, IJK
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.
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Create your own algorithmic trading strategy with WGRO using Composer
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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.