First Trust Correlations

FVD Etf

USD 45.48 0.12 0.26%

The current 90-days correlation between First Trust Value and Franklin Templeton ETF is -0.21 (i.e., Very good 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

Very good diversification

The correlation between First Trust Value and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Value and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with First Etf

0.86	VTV	Vanguard Value Index	Pair Corr
0.95	VYM	Vanguard High Dividend	Pair Corr
0.96	IWD	iShares Russell 1000	Pair Corr
0.96	DGRO	iShares Core Dividend	Pair Corr
0.96	IVE	iShares SP 500	Pair Corr
0.97	DVY	iShares Select Dividend	Pair Corr
0.96	SPYV	SPDR Portfolio SP	Pair Corr
0.96	IUSV	iShares Core SP	Pair Corr
0.99	NOBL	ProShares SP 500 Low Volatility	Pair Corr
0.67	USD	ProShares Ultra Semi	Pair Corr
0.63	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.69	FNGO	MicroSectors FANG Index	Pair Corr
0.88	CRPT	First Trust SkyBridge	Pair Corr
0.91	BITO	ProShares Bitcoin Sell-off Trend	Pair Corr
0.9	FNGG	Direxion Daily Select	Pair Corr
0.73	BULZ	MicroSectors Solactive	Pair Corr
0.69	NRGU	Bank of Montreal	Pair Corr
0.92	BITS	Global X Blockchain	Pair Corr
0.93	SATO	Invesco Alerian Galaxy Low Volatility	Pair Corr
0.77	DHSB	Strategy Shares	Pair Corr
0.75	CSCO	Cisco Systems	Pair Corr
0.65	MSFT	Microsoft	Pair Corr
0.79	BAC	Bank of America Aggressive Push	Pair Corr
0.82	MMM	3M Company	Pair Corr
0.74	GE	GE Aerospace	Pair Corr
0.75	AXP	American Express	Pair Corr
0.72	DIS	Walt Disney	Pair Corr
0.68	HD	Home Depot Sell-off Trend	Pair Corr
0.7	IBM	International Business	Pair Corr
0.73	BA	Boeing Aggressive Push	Pair Corr
0.87	DD	Dupont De Nemours	Pair Corr
0.78	CAT	Caterpillar Sell-off Trend	Pair Corr
0.76	T	ATT Inc	Pair Corr

Related Correlations Analysis

	DIEM	DIVD	DIVG	DIVI	DIVL	DIVO	DIVP	MDPL	DURA
DIEM		0.83	0.89	0.85	0.8	0.97	0.72	0.67	0.72	DIEM
DIVD	0.83		0.91	0.99	0.98	0.85	0.96	0.91	0.96	DIVD
DIVG	0.89	0.91		0.91	0.91	0.93	0.87	0.84	0.87	DIVG
DIVI	0.85	0.99	0.91		0.95	0.87	0.92	0.88	0.92	DIVI
DIVL	0.8	0.98	0.91	0.95		0.84	0.97	0.92	0.97	DIVL
DIVO	0.97	0.85	0.93	0.87	0.84		0.76	0.71	0.76	DIVO
DIVP	0.72	0.96	0.87	0.92	0.97	0.76		0.96	0.98	DIVP
MDPL	0.67	0.91	0.84	0.88	0.92	0.71	0.96		0.96	MDPL
DURA	0.72	0.96	0.87	0.92	0.97	0.76	0.98	0.96		DURA
	DIEM	DIVD	DIVG	DIVI	DIVL	DIVO	DIVP	MDPL	DURA

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DIEM	0.86	0.11	0.06	0.25	1.25	(0.92)	2.34	(1.57)	8.25
DIVD	0.70	0.30	0.19	(1.30)	0.45	(0.84)	1.55	(1.17)	9.14
DIVG	0.95	(0.05)	(0.04)	0.04	1.66	(0.87)	1.57	(2.27)	9.33
DIVI	0.73	0.37	0.34	(2.40)	0.00	(0.88)	1.72	(1.07)	8.65
DIVL	0.80	0.24	0.12	(1.19)	0.73	(0.95)	1.68	(1.57)	8.38
DIVO	0.74	0.02	0.00	0.12	1.24	(0.76)	1.51	(1.69)	8.73
DIVP	0.70	0.20	0.08	(0.87)	0.72	(0.80)	1.39	(1.00)	8.14
MDPL	0.86	0.17	0.04	(0.79)	0.86	(0.98)	2.01	(1.23)	8.16
DURA	0.81	0.19	0.06	(0.75)	0.84	(0.91)	1.86	(1.56)	9.38

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First Trust Correlations

First Trust Correlation With Market

Very good diversification

Moving together with First Etf

Related Correlations Analysis

First Trust Constituents Risk-Adjusted Indicators

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