Franklin FTSE Correlations

FVUB Etf

18.62 0.03 0.16%

The current 90-days correlation between Franklin FTSE Brazil and Franklin LibertyQ Global is 0.29 (i.e., Modest diversification). The correlation of Franklin FTSE 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.

Franklin FTSE Correlation With Market

Significant diversification

The correlation between Franklin FTSE Brazil and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin FTSE Brazil and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Franklin FTSE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Franklin FTSE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Franklin FTSE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Franklin FTSE Brazil to buy it.

Moving together with Franklin Etf

0.65	3BAL	WisdomTree EURO STOXX	Pair Corr
0.67	GS2	Leverage Shares 2x	Pair Corr
0.67	AASU	Amundi Index Solutions	Pair Corr
0.62	COPP	HANETF ICAV SPROTT	Pair Corr
0.67	HSAX	HSBC APAC EX	Pair Corr
0.7	VHYD	Vanguard FTSE All	Pair Corr
0.68	EUXS	iShares MSCI Europe	Pair Corr
0.72	AUGA	UBS ETF plc	Pair Corr
0.68	AMZI	IncomeShares Amazon	Pair Corr
0.72	NFL3	Leverage Shares 3x	Pair Corr
0.71	STHE	PIMCO Short Term	Pair Corr
0.74	SPQH	Global X SP	Pair Corr
0.66	ESIN	iShares MSCI Europe	Pair Corr
0.71	SMGB	VanEck Semiconductor	Pair Corr
0.66	FSEM	Fidelity Sustainable USD	Pair Corr
0.64	NATP	HANetf ICAV	Pair Corr
0.67	CP9U	Amundi MSCI Pacific	Pair Corr
0.68	VWCG	Vanguard FTSE Developed	Pair Corr
0.73	IQSS	INVESCO MARKETS II	Pair Corr
0.72	SASU	iShares MSCI USA	Pair Corr
0.63	NATO	HANetf ICAV	Pair Corr
0.68	WATC	Amundi MSCI Water	Pair Corr

Related Correlations Analysis

	FLXX	EMPR	FLQA	FLXB	FRQX	FLXU	FRXT	PABE	FRUC
FLXX		0.92	0.87	0.65	0.9	0.95	0.92	0.89	0.29	FLXX
EMPR	0.92		0.92	0.67	0.97	0.95	0.96	0.95	0.29	EMPR
FLQA	0.87	0.92		0.76	0.98	0.96	0.97	0.98	0.18	FLQA
FLXB	0.65	0.67	0.76		0.71	0.73	0.74	0.75	-0.01	FLXB
FRQX	0.9	0.97	0.98	0.71		0.97	0.98	0.97	0.26	FRQX
FLXU	0.95	0.95	0.96	0.73	0.97		0.98	0.97	0.25	FLXU
FRXT	0.92	0.96	0.97	0.74	0.98	0.98		0.98	0.24	FRXT
PABE	0.89	0.95	0.98	0.75	0.97	0.97	0.98		0.19	PABE
FRUC	0.29	0.29	0.18	-0.01	0.26	0.25	0.24	0.19		FRUC
	FLXX	EMPR	FLQA	FLXB	FRQX	FLXU	FRXT	PABE	FRUC

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FRQX	+ 0.98	FLQA
PABE	+ 0.98	FLQA
FRXT	+ 0.98	FRQX
FRXT	+ 0.98	FLXU
PABE	+ 0.98	FRXT
FRQX	+ 0.97	EMPR

High negative correlations

FRUC

- 0.01

FLXB

Franklin FTSE Constituents Risk-Adjusted Indicators

There is a big difference between Franklin Etf performing well and Franklin FTSE 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 Franklin FTSE'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
FLXX	0.46	0.07	(0.18)	0.84	0.22	(0.68)	1.16	(0.69)	3.43
EMPR	0.56	0.15	0.03	0.76	0.30	(0.70)	1.96	(0.99)	4.72
FLQA	0.64	0.24	0.13	1.14	0.37	(0.73)	1.29	(1.26)	4.38
FLXB	0.99	0.14	(0.01)	2.38	1.03	(1.12)	2.38	(1.83)	6.73
FRQX	0.64	0.24	0.12	2.94	0.34	(0.73)	1.68	(0.90)	4.58
FLXU	0.63	0.17	0.07	0.70	0.34	(0.74)	1.46	(1.15)	4.88
FRXT	1.02	0.29	0.19	0.66	0.70	(1.17)	2.48	(1.81)	7.41
PABE	0.58	0.19	0.08	1.17	0.21	(0.76)	1.68	(1.21)	4.68
FRUC	0.37	0.03	(0.27)	(0.07)	0.52	(0.35)	0.75	(0.86)	2.42

Be your own money manager

Our tools can tell you how much better you can do entering a position in Franklin FTSE without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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