First Trust Competition

FDM Etf

USD 79.21 -1.50 -1.86%

First Trust Dow shares competitive overlap with First Trust, First Trust, Invesco DB, Tidal ETF, and IShares MSCI and similar firms. First Trust's earnings quality stands out when measured against peer accrual ratios and cash conversion.

Correlation: First Trust vs Avantis Emerging Details

Poor diversification

The correlation between First Trust and Avantis Emerging is 0.76, which Macroaxis classifies as Poor diversification for the selected horizon. In portfolio terms, the overlap shows how much shared movement remains after combining both positions.

Moving together with First Etf

0.93	VBR	Vanguard Small Cap	Pair Corr
0.93	IWN	iShares Russell 2000	Pair Corr
0.95	DFAT	Dimensional Targeted	Pair Corr
0.94	IJS	iShares SAMPP Small	Pair Corr
0.94	SLYV	SPDR SAMPP 600	Pair Corr

Moving against First Etf

0.56	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.42	BULZ	MicroSectors Solactive	Pair Corr

Specify up to 10 symbols:

Experienced investors tracking First Trust's watch for mean reversion setups where price has deviated from its long-run average. Sentiment extremes, news events, or liquidity shocks are common catalysts for these temporary dislocations in First Trust. Prices periodically overshoot their intrinsic value in both directions, creating mean reversion opportunities in First Trust. The mean reversion signal is most useful when combined with fundamental confirmation for First Trust's.

Hype

Prediction

Low	Estimated	High
77.96	79.21	80.46

Details

Intrinsic

Valuation

Low	Real	High
73.67	74.92	87.13

Details

Naive

Forecast

Low	Next	High
77.67	78.92	80.17

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
78.30	83.31	88.32

Details

Peer comparison enriches First Trust analysis by revealing how the company ranks against competitors. First Trust's multiples must be compared to direct competitors to determine genuine value. Superior peer-relative performance is one of the strongest justifications for First Trust's valuation premium. Cross-company comparison is essential to validate or challenge any investment thesis on First Trust Dow.

First Trust Competition Correlation Matrix

Correlation analysis between First Trust Dow and its competitors provides context for understanding whether diversification is real or only superficial inside the same peer group. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.

	FJP	FNK	DBP	GVLU	EWZS	FXZ	DBAW	GHYG	QVMS	AVXC
FJP		0.81	0.56	0.84	0.86	0.89	0.92	0.25	0.79	0.92	FJP
FNK	0.81		0.56	0.96	0.83	0.8	0.87	0.63	0.98	0.82	FNK
DBP	0.56	0.56		0.65	0.8	0.8	0.73	0.36	0.6	0.76	DBP
GVLU	0.84	0.96	0.65		0.85	0.86	0.9	0.54	0.96	0.85	GVLU
EWZS	0.86	0.83	0.8	0.85		0.9	0.92	0.48	0.82	0.95	EWZS
FXZ	0.89	0.8	0.8	0.86	0.9		0.94	0.24	0.81	0.95	FXZ
DBAW	0.92	0.87	0.73	0.9	0.92	0.94		0.42	0.86	0.98	DBAW
GHYG	0.25	0.63	0.36	0.54	0.48	0.24	0.42		0.63	0.37	GHYG
QVMS	0.79	0.98	0.6	0.96	0.82	0.81	0.86	0.63		0.81	QVMS
AVXC	0.92	0.82	0.76	0.85	0.95	0.95	0.98	0.37	0.81		AVXC
	FJP	FNK	DBP	GVLU	EWZS	FXZ	DBAW	GHYG	QVMS	AVXC

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First Trust Constituents Risk-Adjusted Indicators

Evaluating First Etf requires separating price momentum from underlying business quality relative to competitors. Without reviewing risk-adjusted indicators, investors may overweight recent returns and underweight the volatility required to achieve them. 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
FJP	1.08	0.13	0.08	0.04	1.61	-1.03	2.29	-2.33	8.05
FNK	0.68	0.05	0.00	-0.04	0.00	0.00	1.72	-1.37	4.35
DBP	2.30	0.22	0.05	0.10	3.94	-1.97	3.70	-5.70	19.05
GVLU	0.67	0.05	0.00	-0.04	0.00	0.00	1.69	-1.42	3.71
EWZS	1.61	0.12	0.04	-0.01	2.21	-1.56	2.72	-3.21	10.10
FXZ	1.16	0.23	0.12	0.11	1.63	-1.09	2.42	-2.86	6.67
DBAW	0.66	0.10	0.10	0.02	1.04	-0.61	1.15	-1.78	5.19
GHYG	0.20	-0.02	0.00	-0.22	0.00	0.00	0.39	-0.55	1.12
QVMS	0.81	0.08	0.00	-0.03	0.00	0.00	1.48	-1.90	5.14
AVXC	1.01	0.21	0.12	0.10	1.52	-0.97	2.02	-2.14	7.62

First Trust Competitive Analysis

Better Than Average

Worse Than Peers

View Performance Chart

	FDM	FJP	FNK	DBP	GVLU	EWZS	FXZ	DBAW	GHYG	QVMS
	1.86 79.21 First	3.68 70.14 First	1.48 55.42 First	3.66 105.05 Invesco	1.44 24.60 Tidal	4.00 13.21 IShares	3.27 69.57 First	2.50 41.38 Xtrackers	1.04 44.81 IShares	1.94 28.36 Invesco
Market Volatility (90 Days Market Risk)	Very Low	Very Low	Very Low	Very Low	Very Low	Low	Very Low	Very Low	Very Low	Very Low
Market Performance (90 Days Performance)	Weak	Mild	Weak	Soft	Weak	Mild	Mild	Soft	Weak	Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Fair	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Fairly Valued	Over Valued	Over Valued	Over Valued	Under Valued	Fairly Valued	Under Valued	Fairly Valued	Over Valued
Buy or Sell Analysis (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Hold	Strong Buy	Strong Hold	Sell	Strong Hold	Buy	Strong Buy	Strong Buy	Cautious Hold	Strong Hold
Price To Sales	0.89	0.55	0.79	N/A	N/A	0.44	1.19	1.08	N/A	N/A
Equity Positions Weight	99.46	99.91	99.51	N/A	99.69	99.43	99.32	93.55	N/A	99.76
Three Year Return	16.7	21.3	11.5	32.4	15.4	9.3	5.4	17.8	8.9	12.1
Net Asset	137.7 M	28.25 M	196.3 M	77.44 M	33.37 M	77.82 M	1.24 B	128.52 M	97.51 M	88.9 M
Price To Book	1.55	1.24	1.43	N/A	N/A	0.94	2.62	1.46	N/A	N/A
Five Year Return	6.6	8.0	6.8	19.2	N/A	0.0	6.6	10.0	3.3	N/A
One Year Return	25.8	25.3	10.5	54.0	12.1	23.5	25.0	18.9	6.0	16.7
Last Dividend Paid	0.18	0.34	0.14	0.53	N/A	0.078	0.15	0.24	0.18	0.0864
Bond Positions Weight	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	33.45	N/A
Ten Year Return	10.8	6.9	8.8	12.2	N/A	8.2	10.2	10.3	4.8	N/A
Price To Earning	15.86	14.86	13.87	4.98	N/A	13.3	18.93	15.13	N/A	N/A
Beta	1.13	0.82	1.12	0.62	0.9	1.71	1.23	0.62	0.71	1.17
Day Typical Price	79.82	70.77	55.7	106.2	24.7	13.26	70.2	41.63	44.9	28.43
Accumulation Distribution	0.0226	0.0343	0.0148	0.0383	0.0124	0.037	0.0332	0.0237	0.0097	0.0077
Market Facilitation Index	1.83	2.48	0.83	4.17	0.31	0.5	2.38	1.0	0.44	0.22
Daily Balance Of Power	-0.82	-1.08	-1.00	-0.96	-1.16	-1.10	-0.99	-1.06	-1.07	-2.55
Period Momentum Indicator	-1.50	-2.68	-0.83	-3.99	-0.36	-0.55	-2.35	-1.06	-0.47	-0.56
Rate Of Daily Change	0.98	0.96	0.99	0.96	0.99	0.96	0.97	0.98	0.99	0.98
Day Median Price	80.13	71.09	55.84	106.78	24.76	13.28	70.52	41.76	44.94	28.47
Price Action Indicator	-1.67	-2.29	-0.83	-3.72	-0.33	-0.34	-2.13	-0.91	-0.36	-0.39
Relative Strength Index	41.03	40.8	37.22	41.08	38.63	41.25	41.07	39.5	37.62	39.88
Coefficient Of Variation	-3,004	3318.1	-3,303	2645.97	-4,001	93148.06	1174.97	3481.87	-1,341	-3,758
Mean Deviation	0.9516	1.08	0.6837	2.3	0.6715	1.61	1.16	0.6584	0.2042	0.8105
Jensen Alpha	0.0602	0.1294	0.0492	0.2177	0.0485	0.1189	0.2315	0.104	-0.02	0.0759
Total Risk Alpha	0.0994	0.2149	0.0734	0.5058	0.0737	0.241	0.3072	0.1284	0.0034	0.0919
Sortino Ratio	N/A	0.0804	N/A	0.0481	N/A	0.0403	0.1208	0.0986	N/A	N/A
Downside Variance	N/A	2.73	N/A	19.05	N/A	5.06	3.27	1.35	N/A	N/A
Standard Deviation	1.23	1.47	0.9038	3.22	0.8574	2.03	1.53	0.9149	0.2784	1.06
Kurtosis	-0.13	1.22	0.4632	5.84	0.0188	0.1531	0.0894	1.75	2.22	0.3303
Potential Upside	1.86	2.29	1.72	3.7	1.69	2.72	2.42	1.15	0.3902	1.48
Treynor Ratio	-0.04	0.0356	-0.04	0.1034	-0.04	-0.01	0.1059	0.0183	-0.22	-0.03
Maximum Drawdown	5.73	8.05	4.35	19.05	3.71	10.1	6.67	5.19	1.12	5.14
Variance	1.5	2.17	0.8169	10.35	0.7351	4.12	2.33	0.837	0.0775	1.13
Market Risk Adjusted Performance	-0.03	0.0456	-0.03	0.1134	-0.03	0.0039	0.1159	0.0283	-0.21	-0.02
Risk Adjusted Performance	-0.02	0.0287	-0.02	0.0378	-0.02	0.0069	0.073	0.0243	-0.08	-0.02
Skewness	0.0699	-0.57	0.4172	-1.73	0.3851	-0.45	-0.44	-0.88	-0.81	0.0774
Semi Deviation	N/A	1.61	N/A	3.94	N/A	2.21	1.63	1.04	N/A	N/A
Information Ratio	0.0388	0.0901	0.0675	0.0653	0.078	0.0446	0.1429	0.1253	0.2427	0.0566
Value At Risk	-2.00	-2.33	-1.37	-5.70	-1.42	-3.21	-2.86	-1.78	-0.55	-1.90
Expected Short fall	N/A	-1.03	N/A	-1.97	N/A	-1.56	-1.09	-0.61	N/A	N/A
Downside Deviation	N/A	1.65	N/A	4.36	N/A	2.25	1.81	1.16	N/A	N/A
Semi Variance	N/A	2.59	N/A	15.52	N/A	4.89	2.67	1.09	N/A	N/A

First Trust Competition Peer Performance Charts

How to Analyze First Trust Against Peers

First Trust's peer analysis compares First Trust with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:

Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
Check valuation dispersion: Review whether First Trust trades at a premium or discount versus peers and why.
Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
Document the thesis: Record where First Trust leads or lags and what catalysts could close or widen the gap.

Use this as an educational baseline, then validate conclusions with current filings, market conditions, and portfolio objectives.

Peer Comparison Metrics & Methodology

First Trust has a wider economic moat score than the average competitor, based on return spread and reinvestment patterns. A cheap stock in an expensive peer group sometimes signals a value trap rather than an opportunity. Peer benchmarking can improve context for valuation without relying only on standalone multiples.

For First Trust Dow, this section uses fund disclosures and market reference feeds with Macroaxis normalization rules applied to keep cross-asset comparisons consistent. Intraday timing differences may exist.

This content is curated and reviewed by:

Rifka Kats - Member of Macroaxis Editorial Board

Last reviewed on February 28th, 2026

Macroaxis provides analytical tools and reference data for investors of all levels to evaluate holdings and assess risk across market volatility, economic shifts, and company-specific events. View terms and conditions

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First Trust Competition

Correlation: First Trust vs Avantis Emerging Details

Moving together with First Etf

Moving against First Etf

Specify up to 10 symbols:

First Trust Competition Correlation Matrix

First Trust Constituents Risk-Adjusted Indicators

First Trust Competitive Analysis

First Trust Competition Peer Performance Charts

How to Analyze First Trust Against Peers

Peer Comparison Metrics & Methodology

This content is curated and reviewed by:

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