FIRST TRUST Competition
| FPEIX Fund | USD 20.22 -0.05 -0.25% |
Pair Correlation for FIRST TRUST and FADZX View
Almost no diversification
The correlation between FPEIX and FADZX is 0.91, which Macroaxis classifies as Almost no diversification for the selected horizon. The overlap area represents the portion of risk that may be diversified away when both instruments are held together and nothing else in the portfolio changes.
Moving together with FIRST Mutual Fund
The mean reversion principle applied to FIRST TRUST's suggests that neither prolonged outperformance nor underperformance is permanent. Investors exploit this by positioning against extremes in price relative to fundamental value.
FIRST TRUST Competition Correlation Matrix
Reviewing how First Trust Preferred moves relative to competing funds can show whether peer exposure is reducing portfolio risk or simply repeating the same market bet. A reading near +1 usually means prices have moved in tandem, a reading near -1 suggests opposite movement, and a reading near zero points to weaker historical dependence.
Risk-Adjusted Indicators
There is a big difference between FIRST Mutual Fund performing well and FIRST TRUST Mutual Fund doing well as a business compared to the competition. Risk-adjusted metrics allow investors to compare FIRST TRUST's efficiency and downside exposure against peers in a more meaningful way. 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FJNSCX | 0.77 | 0.12 | 0.15 | 0.06 | 0.82 | 2.21 | 4.71 | |||
| VOLMX | 0.59 | 0.02 | 0.00 | -0.06 | 0.00 | 1.17 | 3.62 | |||
| ACWDX | 0.98 | 0.24 | 0.22 | 0.18 | 0.92 | 1.47 | 13.97 | |||
| FADYX | 0.08 | 0.00 | 0.53 | -0.18 | 0.06 | 0.18 | 0.55 | |||
| LMUSX | 0.66 | 0.06 | 0.10 | 0.00 | 0.79 | 1.06 | 4.94 | |||
| WLCVFX | 0.55 | 0.07 | 0.11 | 0.01 | 0.80 | 0.88 | 3.20 | |||
| FADZX | 0.07 | -0.01 | 0.47 | -0.56 | 0.09 | 0.19 | 0.57 |
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
Peer analysis for FIRST TRUST benchmarks it against the companies that most directly compete for the same customers, capital, and market share. Peer context for FIRST TRUST adds a relative dimension that standalone analysis of individual metrics cannot provide. Correlation data across FIRST TRUST's peer group reveals both financial similarity and market co-movement patterns. All figures are presented for informational review and are not prescriptive. Relative analysis can highlight whether current pricing already reflects peer-group strengths or weaknesses.
Inputs for First Trust Preferred come from fund disclosures and market reference feeds and are mapped into a consistent schema for analysis. Some fields can appear with publication lag.