First Trust Competition

XDEC Etf

USD 40.85 -0.03 -0.07%

First Trust Exchange competes with Innovator SAMPP, Innovator SAMPP, Innovator SAMPP, FT Cboe, and Innovator SAMPP and other related companies. This peer view supports relative benchmarking. Relative analysis here helps size exposure to First Trust with less guesswork.

First Trust vs Innovator MSCI Correlation View

Poor diversification

The correlation between XDEC and IJUL is 0.65, which Macroaxis classifies as Poor diversification for the selected horizon. Used correctly, the chart helps investors judge whether adding the second position genuinely diversifies the first.

Moving together with First Etf

0.69	INOV	Innovator ETFs Trust	Pair Corr
0.94	BUFR	First Trust Cboe	Pair Corr
0.93	BUFD	FT Cboe Vest	Pair Corr
0.75	PSEP	Innovator SAMPP 500	Pair Corr
0.95	PJAN	Innovator SAMPP 500	Pair Corr

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Mean reversion in First Trust's price occurs when temporary dislocations - caused by sentiment extremes, news events, or liquidity shocks - correct back toward the stock's historical fair value.

Hype

Prediction

Low	Estimated	High
40.53	40.85	41.17

Details

Intrinsic

Valuation

Low	Real	High
40.57	40.89	41.21

Details

Naive

Forecast

Low	Next	High
40.39	40.71	41.03

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
40.76	41.06	41.36

Details

A rigorous investment case for First Trust requires more than studying its own financials. Benchmarking First Trust's performance, valuation, and risk profile against competitors is essential to validate any investment thesis.

First Trust Competition Correlation Matrix

Correlation analysis between First Trust Exchange Traded and its competitors helps investors understand 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.

	BDEC	UJUL	BFEB	GOCT	USEP	BOCT	IAPR	BSEP	XJUN	IJUL
BDEC		0.82	0.75	0.95	0.92	0.99	0.53	0.96	0.5	0.52	BDEC
UJUL	0.82		0.96	0.93	0.96	0.88	0.89	0.93	0.84	0.88	UJUL
BFEB	0.75	0.96		0.9	0.92	0.82	0.92	0.88	0.87	0.91	BFEB
GOCT	0.95	0.93	0.9		0.98	0.98	0.74	0.99	0.7	0.72	GOCT
USEP	0.92	0.96	0.92	0.98		0.95	0.79	0.98	0.76	0.77	USEP
BOCT	0.99	0.88	0.82	0.98	0.95		0.63	0.99	0.59	0.61	BOCT
IAPR	0.53	0.89	0.92	0.74	0.79	0.63		0.71	0.94	0.98	IAPR
BSEP	0.96	0.93	0.88	0.99	0.98	0.99	0.71		0.68	0.7	BSEP
XJUN	0.5	0.84	0.87	0.7	0.76	0.59	0.94	0.68		0.9	XJUN
IJUL	0.52	0.88	0.91	0.72	0.77	0.61	0.98	0.7	0.9		IJUL
	BDEC	UJUL	BFEB	GOCT	USEP	BOCT	IAPR	BSEP	XJUN	IJUL

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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
BDEC	0.38	-0.01	0.00	0.08	0.00	0.00	0.69	-0.84	2.28
UJUL	0.23	0.00	0.08	-0.03	0.26	-0.25	0.44	-0.59	1.42
BFEB	0.36	0.01	0.07	-0.11	0.51	-0.35	0.66	-0.95	2.76
GOCT	0.28	-0.01	0.04	0.05	0.39	-0.28	0.51	-0.64	1.90
USEP	0.24	0.00	0.05	0.04	0.31	-0.24	0.44	-0.53	1.52
BOCT	0.37	-0.01	0.03	0.05	0.52	-0.37	0.63	-0.95	2.40
IAPR	0.18	0.03	0.20	-1.73	0.06	-0.20	0.35	-0.36	0.94
BSEP	0.33	-0.01	0.04	0.03	0.47	-0.33	0.57	-0.78	2.33
XJUN	0.12	0.01	0.17	0.05	0.10	-0.13	0.26	-0.23	0.90
IJUL	0.30	0.03	0.11	-0.90	0.42	-0.30	0.61	-0.66	2.24

First Trust Competitive Analysis

Competitive analysis for First Trust involves evaluating how the company stacks up against its peers on key financial metrics. Investors who understand First Trust's competitive dynamics are better equipped to forecast its long-term value.

Better Than Average

Worse Than Peers

View Performance Chart

	XDEC	BDEC	UJUL	BFEB	GOCT	USEP	BOCT	IAPR	BSEP	XJUN
	0.07 40.85 First	0.10 49.36 Innovator	0.46 38.65 Innovator	0.04 49.00 Innovator	0.08 39.27 GOCT	0.51 39.10 Innovator	0.79 48.86 Innovator	0.13 31.23 Innovator	0.04 49.16 Innovator	0.02 43.18 First
Market Volatility (90 Days Market Risk)	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low
Market Performance (90 Days Performance)	Soft	Weak	Weak	Mild	Soft	Soft	Weak	Moderate	Weak	Moderate
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Over Valued	Over Valued	Over Valued	Over Valued	Over Valued	Over Valued	Fairly Valued	Over Valued	Fairly 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)	Hold	Strong Sell	Sell	Sell	Strong Sell	Sell	Strong Sell	Hold	Strong Sell	Hold
Equity Positions Weight	99.09	209.09	201.27	211.52	N/A	203.81	203.84	206.27	206.38	98.81
Three Year Return	10.5	14.8	14.1	16.7	N/A	13.8	14.9	8.5	16.7	11.5
Net Asset	76.5 M	96.98 M	59.26 M	105.41 M	N/A	72.67 M	84.31 M	63.26 M	168.03 M	130.17 M
Five Year Return	N/A	9.6	7.9	11.5	N/A	7.5	10.0	N/A	10.5	N/A
One Year Return	11.6	15.6	13.5	16.2	12.8	12.2	15.0	11.9	15.6	12.8
Last Dividend Paid	N/A	N/A	1.62	N/A	N/A	0.16	0.053	N/A	0.36	N/A
Beta	0.28	0.71	0.58	0.66	N/A	0.53	0.66	0.4	0.72	0.33
Day Typical Price	40.85	49.44	38.76	49.08	39.34	39.21	49.08	31.27	49.25	43.18
Accumulation Distribution	N/A	0.0066	0.0087	0.0065	0.0053	0.0081	0.0133	0.0038	0.0055	2.0E-4
Market Facilitation Index	N/A	0.33	0.34	0.32	0.21	0.32	0.66	0.12	0.27	0.01
Daily Balance Of Power	0	0.1515	-0.53	-0.06	-0.14	-0.62	-0.59	-0.33	-0.07	1.0
Period Momentum Indicator	-0.03	0.05	-0.18	-0.02	-0.03	-0.20	-0.39	-0.04	-0.02	0.01
Rate Of Daily Change	1.0	1.0	1.0	1.0	1.0	0.99	0.99	1.0	1.0	1.0
Day Median Price	40.85	49.48	38.82	49.12	39.38	39.26	49.19	31.29	49.3	43.18
Price Action Indicator	-0.01	-0.09	-0.26	-0.13	-0.12	-0.26	-0.53	-0.08	-0.15	0.01
Relative Strength Index	46.98	47.1	44.59	48.49	47.38	44.18	43.75	52.59	46.93	52.51
Coefficient Of Variation	4499.58	-26,927	2205.69	1894.33	7034.37	4359.09	16196.99	545.97	6858.84	909.52
Mean Deviation	0.2101	0.3847	0.2256	0.3585	0.2841	0.2356	0.3717	0.1757	0.3339	0.1209
Jensen Alpha	0.0032	-0.01	9.0E-4	0.0132	-0.01	-0.0046	-0.01	0.0301	-0.01	0.011
Total Risk Alpha	0.005	0.0016	0.0106	0.0295	0.0054	0.0053	0.0064	0.0365	0.0087	0.0121
Sortino Ratio	0.053	N/A	0.0795	0.0667	0.0387	0.0524	0.026	0.203	0.035	0.1663
Downside Variance	0.1107	N/A	0.0896	0.3072	0.1746	0.1164	0.2867	0.064	0.2464	0.0296
Standard Deviation	0.3049	0.4977	0.2854	0.4952	0.3746	0.3065	0.4939	0.2212	0.4493	0.1617
Kurtosis	1.78	0.4039	0.2859	1.66	0.9843	0.1682	0.6138	-0.04	1.23	1.07
Potential Upside	0.4659	0.687	0.4353	0.6563	0.5141	0.4368	0.6327	0.3523	0.5732	0.2573
Treynor Ratio	-0.01	0.081	-0.03	-0.11	0.0462	0.0371	0.0455	-1.73	0.0295	0.0497
Maximum Drawdown	1.49	2.28	1.42	2.76	1.9	1.52	2.4	0.9374	2.33	0.9042
Variance	0.093	0.2477	0.0815	0.2453	0.1403	0.0939	0.244	0.0489	0.2019	0.0261
Market Risk Adjusted Performance	-0.0005	0.091	-0.02	-0.10	0.0562	0.0471	0.0555	-1.72	0.0395	0.0597
Risk Adjusted Performance	0.0018	-0.01	0.018	0.0352	3.0E-4	0.0025	-0.0009	0.1167	0.0041	0.0472
Skewness	-0.34	-0.27	-0.18	-0.34	-0.27	-0.33	-0.29	-0.54	-0.38	-0.21
Semi Deviation	0.3055	N/A	0.2558	0.5088	0.3901	0.3076	0.5154	0.0608	0.473	0.0954
Information Ratio	0.0578	0.0181	0.0833	0.0747	0.0432	0.0583	0.0281	0.2322	0.0387	0.177
Value At Risk	-0.61	-0.84	-0.59	-0.95	-0.64	-0.53	-0.95	-0.36	-0.78	-0.23
Expected Short fall	-0.22	N/A	-0.25	-0.35	-0.28	-0.24	-0.37	-0.20	-0.33	-0.13
Downside Deviation	0.3327	N/A	0.2994	0.5542	0.4178	0.3412	0.5354	0.253	0.4964	0.1721
Semi Variance	0.0933	N/A	0.0654	0.2589	0.1522	0.0946	0.2656	0.0037	0.2238	0.0091

First Trust 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.

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First Trust Competition

First Trust vs Innovator MSCI Correlation View

Poor diversification

Moving together with First Etf

Specify up to 10 symbols:

First Trust Competition Correlation Matrix

First Trust Constituents Risk-Adjusted Indicators

First Trust Competitive Analysis

First Trust Peer Performance Charts

How to Analyze First Trust Against Peers

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