First Trust Competition
| FDN Etf | USD 237.76 -3.91 -1.62% |
Pair Correlation for First Trust and IShares Expanded Snapshot
Very poor diversification
Across the chosen horizon, FDN and IGM show a correlation of 0.89 and fall into the Very poor diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.
Moving together with First Etf
| 0.81 | VGT | Vanguard Information | PairCorr |
| 0.82 | XLK | Technology Select Sector | PairCorr |
| 0.88 | IYW | iShares Technology ETF | PairCorr |
Moving against First Etf
The concept of mean reversion suggests that First Trust's price will eventually return toward its long-run average. High prices may deter value investors, while unusually low prices often attract buyers who anticipate a recovery.
First Trust Competition Correlation Matrix
Reviewing how First Trust Dow moves relative to competing etfs can show whether peer exposure is reducing portfolio risk or simply repeating the same market bet. The useful question is whether competitors are behaving like true alternatives or simply tracking the same sector move with different volatility.
High positive correlations
| High negative correlations
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KWEB | 1.22 | -0.16 | 0.00 | -0.23 | 0.00 | 2.79 | 8.95 | |||
| SPLV | 0.45 | 0.03 | 0.16 | 0.02 | 0.62 | 0.85 | 3.00 | |||
| CGUS | 0.62 | 0.02 | 0.00 | -0.07 | 0.00 | 1.08 | 3.92 | |||
| XLRE | 0.68 | 0.05 | 0.09 | 0.00 | 1.08 | 1.40 | 3.48 | |||
| SSO | 1.16 | 0.00 | 0.00 | -0.10 | 0.00 | 1.78 | 6.97 | |||
| JGRO | 0.78 | -0.06 | 0.00 | -0.18 | 0.00 | 1.22 | 4.34 | |||
| BUFR | 0.32 | 0.01 | 0.00 | -0.07 | 0.00 | 0.61 | 1.87 | |||
| SCHH | 0.63 | 0.06 | 0.10 | 0.04 | 1.08 | 1.45 | 3.29 | |||
| IJJ | 0.73 | 0.04 | 0.00 | -0.06 | 0.00 | 1.41 | 4.91 | |||
| IGM | 1.03 | 0.02 | 0.00 | -0.08 | 0.00 | 1.87 | 5.89 |
First Trust Competitive Analysis
| Better Than Average | Worse Than Peers | View Performance Chart |
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.
Peer Comparison Metrics & Methodology
Analyzing First Trust's peers expands diversification context, relative positioning, and sector theme understanding. Valuation premiums or discounts for First Trust become more meaningful when measured against the peer group rather than in isolation. 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.