First Trust Correlations

Etfs . USA . 
Etf . First Trust Asia
FPA Etf  USD 35.94  0.23  0.64%   
The current 90-days correlation between First Trust Asia and First Trust Japan is 0.26 (i.e., Modest 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.

First Trust Correlation With Market

Significant diversification

The correlation between First Trust Asia and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Asia 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 Asia. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with First Etf

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  0.94AIA iShares Asia 50PairCorr
  0.92GMF SPDR SP EmergingPairCorr
  0.95FLAX Franklin FTSE AsiaPairCorr
  0.93DVYA iShares AsiaPacificPairCorr
  0.93MINV Matthews Asia InnovatorsPairCorr
  0.97ADIV SmartETFs Asia PacificPairCorr
  0.87MDY SPDR SP MIDCAPPairCorr
  0.88SLYG SPDR SP 600PairCorr
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  0.89SLYV SPDR SP 600PairCorr
  0.87IGV iShares Expanded Tech Low VolatilityPairCorr
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  0.68KGRN KraneShares MSCI ChinaPairCorr
  0.92VYMI Vanguard InternationalPairCorr
  0.84HIDE Alpha Architect HighPairCorr
  0.89VFVA Vanguard Value FactorPairCorr
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  0.83PFUT Putnam Sustainable FuturePairCorr
  0.88PALL abrdn Physical PalladiumPairCorr
  0.93MYMF SPDR SSGA My2026PairCorr
  0.89DFAS Dimensional Small CapPairCorr
  0.96DFEV Dimensional ETF TrustPairCorr
  0.77EUSB iShares TrustPairCorr
  0.91QTOC Innovator ETFs TrustPairCorr
  0.93SUPP TCW Transform SupplyPairCorr
  0.93CGGO Capital Group GlobalPairCorr
  0.95CPSD Calamos ETF TrustPairCorr
  0.82CERY SPDR Series TrustPairCorr
  0.91SAUG First Trust ExchangePairCorr

Related Correlations Analysis

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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.

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