First Trust Correlations
FSIG Etf | USD 19.07 0.03 0.16% |
The current 90-days correlation between First Trust Exchange and First Trust TCW is -0.19 (i.e., 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
Modest diversification
The correlation between First Trust Exchange Traded and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Exchange Traded and DJI in the same portfolio, assuming nothing else is changed.
Moving together with First Etf
0.93 | BSV | Vanguard Short Term Sell-off Trend | PairCorr |
0.99 | IGSB | iShares 1 5 Sell-off Trend | PairCorr |
0.99 | SPSB | SPDR Barclays Short Sell-off Trend | PairCorr |
0.97 | ISTB | iShares Core 1 | PairCorr |
0.99 | SLQD | iShares 0 5 | PairCorr |
0.93 | GVI | iShares Intermediate | PairCorr |
0.98 | LDUR | PIMCO Enhanced Low | PairCorr |
0.99 | SUSB | iShares ESG 1 | PairCorr |
0.84 | PFFL | ETRACS 2xMonthly Pay | PairCorr |
0.92 | ITDD | iShares Trust | PairCorr |
0.88 | PMBS | PIMCO Mortgage Backed | PairCorr |
0.88 | SCHE | Schwab Emerging Markets | PairCorr |
0.75 | XLE | Energy Select Sector | PairCorr |
0.82 | PKB | Invesco Dynamic Building | PairCorr |
0.85 | FXR | First Trust Industri | PairCorr |
0.95 | SCHC | Schwab International | PairCorr |
0.77 | GBTC | Grayscale Bitcoin Trust | PairCorr |
0.7 | FXU | First Trust Utilities | PairCorr |
0.76 | IDNA | iShares Genomics Imm | PairCorr |
0.84 | SLYG | SPDR SP 600 | PairCorr |
0.83 | BBH | VanEck Biotech ETF | PairCorr |
0.87 | SPGP | Invesco SP 500 | PairCorr |
0.83 | IYJ | iShares Industrials ETF | PairCorr |
0.89 | EWU | iShares MSCI United | PairCorr |
0.95 | VSHY | Virtus ETF Trust | PairCorr |
0.91 | VGT | Vanguard Information | PairCorr |
0.91 | IYW | iShares Technology ETF | PairCorr |
0.95 | JNK | SPDR Bloomberg High | PairCorr |
0.92 | VYM | Vanguard High Dividend | PairCorr |
0.78 | Z | Zillow Group Class Earnings Call This Week | PairCorr |
0.8 | AMLX | Amylyx Pharmaceuticals | PairCorr |
0.89 | VXF | Vanguard Extended Market | PairCorr |
0.87 | IYF | iShares Financials ETF | PairCorr |
0.83 | SSDRF | SSgA SPDR ETFs | PairCorr |
0.9 | IUSV | iShares Core SP | PairCorr |
0.97 | GEMD | Goldman Sachs ETF | PairCorr |
0.84 | AFSM | First Trust Active | PairCorr |
0.87 | EFA | iShares MSCI EAFE Aggressive Push | PairCorr |
0.86 | IJS | iShares SP Small | PairCorr |
Moving against First Etf
Related Correlations Analysis
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
UCON | 0.15 | 0.03 | (0.85) | (2.77) | 0.00 | 0.28 | 0.77 | |||
FIXD | 0.27 | 0.00 | (0.53) | 0.20 | 0.30 | 0.49 | 1.31 | |||
FTSM | 0.03 | 0.01 | (5.50) | 3.06 | 0.00 | 0.07 | 0.17 | |||
LMBS | 0.12 | 0.02 | (1.24) | 1.17 | 0.00 | 0.23 | 0.60 | |||
HYLS | 0.19 | 0.01 | (0.69) | 0.27 | 0.00 | 0.60 | 1.23 |