First Trust Correlations

FCVT Etf

USD 39.84 0.08 0.20%

The current 90-days correlation between First Trust SSI and First Trust Emerging is 0.03 (i.e., Significant 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

Poor diversification

The correlation between First Trust SSI and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust SSI 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 SSI. 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

0.99	ICVT	iShares Convertible Bond	Pair Corr
0.98	QCON	American Century Quality	Pair Corr
0.86	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.98	ITDD	iShares Trust	Pair Corr
0.7	PMBS	PIMCO Mortgage Backed	Pair Corr
0.78	GRW	TCW Compounders ETF	Pair Corr
0.96	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.87	MMM	3M Company	Pair Corr
0.95	BAC	Bank of America Aggressive Push	Pair Corr
0.92	DIS	Walt Disney	Pair Corr
0.99	CAT	Caterpillar	Pair Corr
0.92	AXP	American Express Sell-off Trend	Pair Corr
0.95	BA	Boeing Earnings Call This Week	Pair Corr
0.97	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.87	IBM	International Business	Pair Corr
0.91	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.9	AA	Alcoa Corp	Pair Corr
0.84	PFE	Pfizer Inc Sell-off Trend	Pair Corr

Moving against First Etf

0.77	MPAY	Exchange Traded Concepts	Pair Corr
0.61	KO	Coca Cola Sell-off Trend	Pair Corr
0.5	PG	Procter Gamble Earnings Call This Week	Pair Corr

Related Correlations Analysis

	FEMB	FMB	FIXD	FTSL	LMBS
FEMB		0.68	0.81	0.95	0.9	FEMB
FMB	0.68		0.66	0.63	0.65	FMB
FIXD	0.81	0.66		0.69	0.89	FIXD
FTSL	0.95	0.63	0.69		0.87	FTSL
LMBS	0.9	0.65	0.89	0.87		LMBS
	FEMB	FMB	FIXD	FTSL	LMBS

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
FEMB	0.38	0.09	(0.23)	1.71	0.32	(0.43)	0.93	(0.68)	3.39
FMB	0.15	0.00	(1.25)	0.15	0.11	(0.16)	0.33	(0.26)	0.99
FIXD	0.27	0.02	(0.60)	2.46	0.30	(0.27)	0.49	(0.63)	1.31
FTSL	0.06	0.03	(3.02)	0.69	0.00	(0.09)	0.25	(0.07)	0.49
LMBS	0.12	0.01	(1.46)	0.58	0.00	(0.13)	0.23	(0.20)	0.60

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