First Trust Correlations

FDT Etf

USD 69.99 0.60 0.86%

The current 90-days correlation between First Trust Developed and First Trust Emerging is 0.58 (i.e., Very weak diversification). The correlation of First Trust is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

First Trust Correlation With Market

Good diversification

The correlation between First Trust Developed and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Developed and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with First Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust Developed. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with First Etf

0.86	EFV	iShares MSCI EAFE	Pair Corr
0.97	FNDF	Schwab Fundamental	Pair Corr
0.97	VYMI	Vanguard International	Pair Corr
0.99	IDV	iShares International	Pair Corr
0.98	DFIV	Dimensional International	Pair Corr
0.97	IVLU	iShares Edge MSCI	Pair Corr
0.98	PXF	Invesco FTSE RAFI	Pair Corr
0.95	HDEF	Xtrackers MSCI EAFE	Pair Corr
0.97	PID	Invesco International	Pair Corr
0.62	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.67	IBM	International Business Earnings Call Today	Pair Corr

Moving against First Etf

0.68	MCD	McDonalds	Pair Corr
0.38	HPQ	HP Inc	Pair Corr
0.35	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	FEM	FTA	FEP	FYX	FEX
FEM		0.94	0.51	0.95	0.96	FEM
FTA	0.94		0.52	0.95	0.96	FTA
FEP	0.51	0.52		0.54	0.57	FEP
FYX	0.95	0.95	0.54		0.99	FYX
FEX	0.96	0.96	0.57	0.99		FEX
	FEM	FTA	FEP	FYX	FEX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

First Trust Constituents Risk-Adjusted Indicators

There is a big difference between First Etf performing well and First Trust ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze First Trust's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FEM	0.55	0.19	0.04	38.70	0.37	(0.65)	1.12	(1.11)	3.47
FTA	0.68	0.05	(0.01)	0.25	0.66	(0.75)	1.86	(1.06)	5.35
FEP	0.67	0.27	0.14	(13.29)	0.31	(0.83)	1.68	(0.90)	3.81
FYX	0.91	0.27	0.06	(1.08)	0.86	(1.06)	2.10	(1.53)	6.51
FEX	0.54	0.21	0.03	(1.44)	0.38	(0.62)	0.97	(0.90)	4.76

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC