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WisdomTree Trust WisdomTree U.S. Growth & Momentum Fund

WGRO
$
Today’s Change
()

Snapshot
*

Inception Date
Jun 24, 2021
Expense Ratio
0.55%
Type
US Equities
Fund Owner
Wisdom Tree
Volume (1m avg. daily)
$1,060
AUM
$2,073,691
Associated Index
O Neil Growth Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

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Grand Canyon Education Inc
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Insight Enterprises Inc.
1.99%
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Atkore Inc
1.98%
RCL
Royal Caribbean Group
1.94%

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.

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ETFs related toWGRO

ETFs correlated to WGRO include VFMO, PDP, FNY

WGRO
WisdomTree Trust - WisdomTree U.S. Growth & Momentum Fund
VFMO
Vanguard Group, Inc. - Vanguard U.S. Momentum Factor ETF
PDP
Invesco Capital Management LLC - Invesco Dorsey Wright Momentum ETF
FNY
First Trust Exchange-Traded Fund III - First Trust Mid Cap Growth AlphaDEX Fund
FTC
First Trust Exchange-Traded Fund III - First Trust Large Capital Growth AlphaDEX Fund
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
TPLC
Timothy Plan - Timothy Plan US Large/Mid Cap Core ETF
FIDU
Fidelity Covington Trust - Fidelity MSCI Industrials Index ETF
MDYG
SPDR Series Trust - SPDR S&P 400 Mid Cap Growth ETF
VIS
Vanguard Group, Inc. - Vanguard Industrials ETF
IJK
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Growth 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.

FAQ

WGRO is a US Equities ETF. 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.

WGRO tracks the O Neil Growth Index.

No, WGRO 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, WGRO 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 WGRO is -0.023%. This is the percent change in the value of WGRO over the most recent 1-month period. The 3-month return on WGRO is -0.021%. This is the percent change in the value of WGRO over the most recent 3-month period.

The standard deviation of WGRO for the past year is 0.1692%. 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 WGRO include SPHQ, DSI, and QUAL.

ETFs correlated to WGRO include VFMO, PDP, and FNY.

ETFs that are inversely correlated to WGRO include SH, SDS, and SPXS.

Disclaimers

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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.

Securities products and brokerage services are offered by Composer Securities LLC, a broker-dealer registered with the SEC and member of FINRA / SIPC. Composer Securities LLC and Composer Technologies Inc. are separate but affiliated companies. Accounts are carried and securities execution, clearance and settlement services are provided by Alpaca Securities LLC, and Apex Clearing Corporation, SEC-registered broker-dealers and members of FINRA / SIPC. Alpaca Securities is a wholly-owned subsidiary of AlpacaDB, Inc. Apex Clearing Corporation, is a wholly-owned subsidiary of Apex Fintech Solutions Inc. Check the background of Composer Securities LLC, Alpaca Securities LLC, and Apex Clearing Corporation on FINRA BrokerCheck . This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Composer Securities is not registered. Securities products offered by Composer Securities are not FDIC insured

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