First Trust Correlations

FTC Etf

USD 153.60 0.68 0.44%

The current 90-days correlation between First Trust Large and First Trust Large is -0.01 (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

Good diversification

The correlation between First Trust Large and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Large 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 Large. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with First Etf

0.73	VUG	Vanguard Growth Index	Pair Corr
0.74	IWF	iShares Russell 1000 Sell-off Trend	Pair Corr
0.74	IVW	iShares SP 500 Sell-off Trend	Pair Corr
1.0	SPYG	SPDR Portfolio SP	Pair Corr
0.74	IUSG	iShares Core SP	Pair Corr
0.74	VONG	Vanguard Russell 1000	Pair Corr
0.99	MGK	Vanguard Mega Cap	Pair Corr
0.84	VRGWX	Vanguard Russell 1000	Pair Corr
0.74	QQQM	Invesco NASDAQ 100 Sell-off Trend	Pair Corr
0.74	IWY	iShares Russell Top	Pair Corr
0.79	USD	ProShares Ultra Semi	Pair Corr
0.73	FNGO	MicroSectors FANG Index	Pair Corr
0.7	CRPT	First Trust SkyBridge	Pair Corr
0.75	BULZ	MicroSectors Solactive	Pair Corr
0.68	BITS	Global X Blockchain	Pair Corr
0.73	FNGG	Direxion Daily Select	Pair Corr
0.76	DFEN	Direxion Daily Aerospace	Pair Corr
0.75	BUFD	FT Cboe Vest	Pair Corr
0.62	BA	Boeing	Pair Corr
0.7	BAC	Bank of America	Pair Corr
0.68	MMM	3M Company	Pair Corr
0.72	AXP	American Express	Pair Corr
0.77	CSCO	Cisco Systems	Pair Corr
0.61	PFE	Pfizer Inc	Pair Corr
0.64	CVX	Chevron Corp	Pair Corr
0.72	JPM	JPMorgan Chase	Pair Corr

Moving against First Etf

0.6	MCD	McDonalds	Pair Corr
0.33	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	FTA	FYX	FEX	FNX	FAD
FTA		0.67	0.73	0.65	0.62	FTA
FYX	0.67		0.86	0.99	0.98	FYX
FEX	0.73	0.86		0.85	0.84	FEX
FNX	0.65	0.99	0.85		0.98	FNX
FAD	0.62	0.98	0.84	0.98		FAD
	FTA	FYX	FEX	FNX	FAD

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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
FTA	0.73	0.05	0.03	0.18	0.74	(0.79)	1.86	(1.17)	5.35
FYX	0.92	0.26	0.12	25.33	0.86	(1.07)	2.10	(1.53)	6.51
FEX	0.60	0.28	0.18	(2.04)	0.26	(0.70)	1.75	(0.90)	4.85
FNX	0.73	0.24	0.11	(5.15)	0.60	(0.87)	1.92	(1.22)	6.03
FAD	0.69	0.30	0.25	11.42	0.21	(0.90)	1.83	(0.83)	4.49

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