First Trust Correlations

FDNI Etf

USD 35.82 0.32 0.89%

The current 90-days correlation between First Trust Dow and REX VolMAXX Long is 0.54 (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

Very weak diversification

The correlation between First Trust Dow and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Dow 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 Dow. 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

0.8	VWO	Vanguard FTSE Emerging	Pair Corr
0.72	IEMG	iShares Core MSCI	Pair Corr
0.94	EMC	Global X Funds	Pair Corr
0.72	EEM	iShares MSCI Emerging	Pair Corr
0.78	SPEM	SPDR Portfolio Emerging	Pair Corr
0.64	FNDE	Schwab Fundamental	Pair Corr
0.74	ESGE	iShares ESG Aware	Pair Corr
0.62	SFGRX	Seafarer Overseas	Pair Corr
0.7	DGS	WisdomTree Emerging	Pair Corr
0.74	XSOE	WisdomTree Emerging	Pair Corr
0.63	LENS	Sarmaya Thematic ETF	Pair Corr
0.73	MAPP	Harbor ETF Trust	Pair Corr
0.64	ASA	ASA Gold	Pair Corr
0.84	DRGN	Themes China Generative	Pair Corr
0.79	JUNE	JUNE Symbol Change	Pair Corr
0.81	PRME	Prime Medicine, Common	Pair Corr
0.61	YFYA	Listed Funds Trust	Pair Corr
0.62	INTC	Intel Downward Rally	Pair Corr
0.71	GE	GE Aerospace	Pair Corr

Moving against First Etf

0.39	VZ	Verizon Communications Aggressive Push	Pair Corr
0.38	T	ATT Inc Aggressive Push	Pair Corr
0.36	PG	Procter Gamble Sell-off Trend	Pair Corr

Related Correlations Analysis

	VMAX	SURE	AFSM	FLGR	DEEF	ARP	DVYA	AADR	HQGO	AHLT
VMAX		0.76	0.73	-0.35	0.64	0.75	0.73	0.78	0.85	0.72	VMAX
SURE	0.76		0.92	-0.28	0.53	0.3	0.35	0.6	0.48	0.24	SURE
AFSM	0.73	0.92		-0.27	0.44	0.2	0.25	0.59	0.41	0.13	AFSM
FLGR	-0.35	-0.28	-0.27		-0.16	-0.4	-0.46	-0.15	-0.47	-0.32	FLGR
DEEF	0.64	0.53	0.44	-0.16		0.57	0.78	0.51	0.65	0.51	DEEF
ARP	0.75	0.3	0.2	-0.4	0.57		0.87	0.62	0.92	0.99	ARP
DVYA	0.73	0.35	0.25	-0.46	0.78	0.87		0.49	0.86	0.84	DVYA
AADR	0.78	0.6	0.59	-0.15	0.51	0.62	0.49		0.7	0.59	AADR
HQGO	0.85	0.48	0.41	-0.47	0.65	0.92	0.86	0.7		0.88	HQGO
AHLT	0.72	0.24	0.13	-0.32	0.51	0.99	0.84	0.59	0.88		AHLT
	VMAX	SURE	AFSM	FLGR	DEEF	ARP	DVYA	AADR	HQGO	AHLT

Please upgrade your account to get full access to Macroaxis premium features

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

AHLT	+ 0.99	ARP
AFSM	+ 0.92	SURE
HQGO	+ 0.92	ARP
AHLT	+ 0.88	HQGO
DVYA	+ 0.87	ARP
HQGO	+ 0.86	DVYA

High negative correlations

HQGO	- 0.47	FLGR
DVYA	- 0.46	FLGR
ARP	- 0.4	FLGR
FLGR	- 0.35	VMAX
AHLT	- 0.32	FLGR
FLGR	- 0.28	SURE

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
VMAX	0.52	(0.04)	(0.06)	0.03	0.70	(0.54)	0.96	(0.94)	4.74
SURE	0.54	(0.05)	(0.10)	0.01	0.67	(0.54)	1.22	(0.87)	4.38
AFSM	0.78	(0.11)	(0.08)	(0.01)	0.99	(0.86)	1.79	(1.46)	6.54
FLGR	0.58	(0.11)	0.00	(0.07)	0.00	0.00	1.09	(1.29)	3.13
DEEF	0.46	(0.01)	(0.06)	0.06	0.57	(0.48)	0.78	(0.91)	2.97
ARP	0.49	0.07	0.05	0.20	0.59	(0.51)	1.14	(1.25)	4.24
DVYA	0.55	0.03	0.02	0.12	0.58	(0.57)	1.30	(0.88)	3.36
AADR	0.79	(0.05)	(0.03)	0.03	1.07	(0.84)	1.61	(1.75)	6.17
HQGO	0.60	(0.01)	(0.01)	0.06	0.83	(0.59)	1.30	(1.20)	4.79
AHLT	0.85	0.10	0.09	0.17	0.94	(0.95)	1.90	(1.60)	6.65

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