First Trust Correlations

FDM Etf

USD 82.60 0.51 0.62%

The current 90-days correlation between First Trust Dow and Avantis Emerging Markets is 0.49 (i.e., Weak diversification).Investors use its correlation structure to evaluate hedging opportunities and diversification potential.

First Trust Correlation With Broad Market

Poor diversification

The correlation between First Trust and Dow Jones is 0.63, 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.

Build portfolio with First Etf

First Trust has operating margin of 21.53%, current ratio of 1.89. Investing Opportunities adds portfolio-level perspective. First Trust Dow can be added to a watchlist or portfolio for position tracking. Position allocation is driven by the portfolio construction model in use. Broader economic conditions can influence First Trust Dow's etf valuation — related indicators include signals in unemployment.

Moving together with First Etf

0.94	VBR	Vanguard Small Cap	Pair Corr
0.94	IWN	iShares Russell 2000	Pair Corr
0.96	DFAT	Dimensional Targeted	Pair Corr
0.94	IJS	iShares SAMPP Small	Pair Corr
0.94	SLYV	SPDR SAMPP 600	Pair Corr
0.92	AVUV	Avantis Small Cap	Pair Corr
0.91	DES	WisdomTree SmallCap	Pair Corr
0.85	CALF	Pacer Small Cap	Pair Corr
0.93	REGL	ProShares SAMPP MidCap	Pair Corr
0.94	VIOV	Vanguard SAMPP Small	Pair Corr
0.66	BND	Vanguard Total Bond	Pair Corr
0.88	VTV	Vanguard Value Index	Pair Corr
0.78	VO	Vanguard Mid Cap	Pair Corr
0.82	ESLV	Strategy Shares	Pair Corr
0.65	SMH	VanEck Semiconductor ETF	Pair Corr
0.83	VYMI	Vanguard International	Pair Corr

Moving against First Etf

0.57

BOED

Direxion Daily BA

Pair Corr

Related Correlations Analysis

	FJP	FNK	DBP	GVLU	EWZS	FXZ	DBAW	GHYG	QVMS	AVXC
FJP		0.8	0.53	0.83	0.86	0.89	0.92	0.23	0.79	0.93	FJP
FNK	0.8		0.55	0.96	0.82	0.79	0.87	0.63	0.98	0.8	FNK
DBP	0.53	0.55		0.65	0.78	0.76	0.7	0.39	0.59	0.72	DBP
GVLU	0.83	0.96	0.65		0.84	0.85	0.9	0.55	0.96	0.84	GVLU
EWZS	0.86	0.82	0.78	0.84		0.9	0.92	0.45	0.81	0.96	EWZS
FXZ	0.89	0.79	0.76	0.85	0.9		0.93	0.2	0.81	0.94	FXZ
DBAW	0.92	0.87	0.7	0.9	0.92	0.93		0.42	0.87	0.97	DBAW
GHYG	0.23	0.63	0.39	0.55	0.45	0.2	0.42		0.62	0.33	GHYG
QVMS	0.79	0.98	0.59	0.96	0.81	0.81	0.87	0.62		0.8	QVMS
AVXC	0.93	0.8	0.72	0.84	0.96	0.94	0.97	0.33	0.8		AVXC
	FJP	FNK	DBP	GVLU	EWZS	FXZ	DBAW	GHYG	QVMS	AVXC

Please upgrade your account to get full access to Macroaxis premium features

First Trust Constituents Risk-Adjusted Indicators

First Trust ETF can look attractive on recent price action while risk efficiency lags the peer group. Reviewing First Trust's risk-adjusted indicators gives a clearer view of whether returns are being earned efficiently. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FJP	1.06	0.17	0.11	0.12	1.57	-1.04	2.29	-2.33	8.05
FNK	0.71	0.07	0.09	0.01	0.81	-0.83	1.72	-1.37	4.35
DBP	2.31	0.13	0.03	0.06	4.03	-2.03	3.70	-5.70	19.05
GVLU	0.69	0.06	0.09	0.01	0.79	-0.73	1.69	-1.42	3.71
EWZS	1.63	0.24	0.10	0.11	2.07	-1.70	3.03	-3.21	10.10
FXZ	1.20	0.27	0.14	0.17	1.63	-1.17	2.71	-2.86	6.75
DBAW	0.67	0.12	0.11	0.07	0.99	-0.65	1.41	-1.78	5.19
GHYG	0.22	-0.02	0.00	-0.17	0.00	0.00	0.44	-0.55	1.66
QVMS	0.84	0.10	0.08	0.02	1.06	-0.88	1.70	-1.91	5.12
AVXC	1.05	0.23	0.13	0.13	1.52	-1.03	2.37	-2.14	7.62

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

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC

First Trust Correlations

First Trust Correlation With Broad Market

Moving together with First Etf

Moving against First Etf

Related Correlations Analysis

First Trust Constituents Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY