First Trust Competition
| MMSC Etf | USD 23.60 0.00 0.00% |
First Trust vs Franklin Templeton Correlation Details
Excellent diversification
Across the chosen horizon, MMSC and MCSE show a correlation of -0.57 and fall into the Excellent diversification bucket. The cleaner interpretation is to review correlation beside volatility, expected return, and the role each holding plays in the portfolio.
Moving together with First Etf
Mean reversion in First Trust is more reliable over longer time horizons. Short-term deviations can persist and even widen before correcting, making position sizing and risk management critical.
First Trust Competition Correlation Matrix
Competition correlation for First Trust Multi Manager matters because related securities often respond to the same industry, factor, or macro drivers even when their business stories differ. The current classification points to the Small Growth category. In practical terms, lower correlation may offer better diversification while higher correlation may leave the portfolio more exposed to one shared driver.
High positive correlations
| High negative correlations
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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. A thorough review of First Trust's risk-adjusted indicators provides a clearer picture of whether returns are being earned efficiently. 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CDEI | 0.57 | -0.03 | 0.00 | -0.09 | 0.00 | 1.02 | 3.59 | |||
| GK | 0.81 | -0.05 | 0.00 | -0.10 | 0.00 | 1.33 | 4.94 | |||
| MART | 0.29 | 0.02 | 0.09 | 0.00 | 0.44 | 0.57 | 2.29 | |||
| IWMW | 0.56 | 0.01 | 0.00 | -0.03 | 0.00 | 1.17 | 4.72 | |||
| JMID | 0.82 | -0.02 | 0.00 | -0.06 | 0.00 | 1.35 | 5.89 | |||
| LFEQ | 0.57 | -0.02 | 0.00 | -0.07 | 0.00 | 0.85 | 3.67 | |||
| ROKT | 1.75 | 0.41 | 0.23 | 0.26 | 1.50 | 3.97 | 9.10 | |||
| BTR | 0.45 | 0.07 | 0.12 | 0.06 | 0.59 | 0.90 | 3.02 | |||
| MFUL | 0.19 | 0.00 | 0.11 | -0.04 | 0.28 | 0.28 | 1.45 | |||
| MCSE | 0.64 | 0.01 | 0.06 | 0.12 | 0.81 | 1.26 | 3.58 |
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
Liquidity and float comparison across First Trust peers frames which names in the competitive set are more or less accessible for institutional-scale positioning. The peer set can help frame whether recent outperformance is broad-based or company-specific.
The analytics block for First Trust Multi Manager relies on fund disclosures and market reference feeds, with quality checks and normalization applied before rendering. Timing can vary by data vendor.