WHR (WHR)
Daily ERM3 factor decomposition: how much of WHR's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $37.63
- Market cap
- $2.4B
- 23-day vol
- 53.5%
- Sector proxy
- XLY
- Subsector proxy
- XHB
Risk DNA
31% of WHR's variance is systematic (explainable by market, sector, and subsector factors); the rest is stock-specific.
Market 8.6%Sector 6.5%Subsector 16.0%Stock-specific 68.9%
ETF hedge ratios
Dollars of ETF to short per $1 of WHR held — executable hedge weights, not regression betas. L1 hedges market only; L3 adds sector and subsector layers.
| Level | Market (SPY) | Sector (XLY) | Subsector (XHB) | Explained risk |
|---|---|---|---|---|
| L1 | $-1.25 | — | — | 8.6% |
| L2 | $0.17 | $-1.17 | — | 15.1% |
| L3 | $0.26 | $-0.62 | $-0.70 | 31.1% |
Data as of July 28, 2026. Updated daily from the ERM3 pipeline.
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