First Trust Correlations

LDSF Etf

USD 18.99 0.02 0.11%

The current 90-days correlation between First Trust Low and First Trust Emerging is 0.46 (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.

First Trust Correlation With Market

Average diversification

The correlation between First Trust Low and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Low and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with First Etf

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

Moving together with First Etf

0.92	BSV	Vanguard Short Term	Pair Corr
0.99	IGSB	iShares 1 5	Pair Corr
0.99	SPSB	SPDR Barclays Short	Pair Corr
0.97	ISTB	iShares Core 1	Pair Corr
0.99	SLQD	iShares 0 5	Pair Corr
0.92	GVI	iShares Intermediate	Pair Corr
0.97	LDUR	PIMCO Enhanced Low	Pair Corr
0.99	SUSB	iShares ESG 1	Pair Corr
0.76	BTCL	T Rex 2X	Pair Corr
0.76	BITU	ProShares Trust	Pair Corr
0.77	BTFX	Valkyrie Bitcoin Futures	Pair Corr
0.76	BITX	Volatility Shares Trust	Pair Corr
0.72	MSTY	YieldMax MSTR Option Downward Rally	Pair Corr
0.92	DFEN	Direxion Daily Aerospace	Pair Corr
0.89	EUSB	iShares Trust	Pair Corr
0.98	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.63	KGRN	KraneShares MSCI China	Pair Corr
0.92	BUFD	FT Cboe Vest	Pair Corr
0.8	AA	Alcoa Corp	Pair Corr
0.82	DD	Dupont De Nemours	Pair Corr
0.88	DIS	Walt Disney	Pair Corr
0.85	CVX	Chevron Corp	Pair Corr
0.66	XOM	Exxon Mobil Corp	Pair Corr
0.91	IBM	International Business Earnings Call This Week	Pair Corr
0.87	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.92	BAC	Bank of America	Pair Corr
0.73	INTC	Intel Earnings Call This Week	Pair Corr
0.91	MSFT	Microsoft	Pair Corr

Moving against First Etf

0.86	WTID	UBS ETRACS	Pair Corr
0.57	PG	Procter Gamble	Pair Corr
0.48	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	FEMB	LMBS	FIXD	FCVT	FMHI
FEMB		0.93	0.79	0.94	0.63	FEMB
LMBS	0.93		0.92	0.86	0.59	LMBS
FIXD	0.79	0.92		0.65	0.57	FIXD
FCVT	0.94	0.86	0.65		0.61	FCVT
FMHI	0.63	0.59	0.57	0.61		FMHI
	FEMB	LMBS	FIXD	FCVT	FMHI

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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
FEMB	0.38	0.09	(0.04)	0.79	0.32	(0.42)	0.89	(0.71)	3.38
LMBS	0.12	0.01	(0.73)	0.51	0.00	(0.13)	0.25	(0.23)	0.61
FIXD	0.27	0.01	(0.32)	0.21	0.30	(0.28)	0.49	(0.62)	1.31
FCVT	0.48	0.19	0.18	0.56	0.00	(0.56)	1.48	(0.86)	3.15
FMHI	0.19	(0.02)	(0.56)	(0.07)	0.22	(0.22)	0.43	(0.43)	1.06

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