First Trust Correlations

FEMB Etf

USD 28.87 0.21 0.72%

The current 90-days correlation between First Trust Emerging and First Trust SSI is 0.32 (i.e., Weak diversification). The correlation of First Trust is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

First Trust Correlation With Market

Weak diversification

The correlation between First Trust Emerging and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Emerging and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with First Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust Emerging. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with First Etf

0.93	LEMB	iShares JP Morgan	Pair Corr
0.81	CEW	WisdomTree Emerging	Pair Corr
0.91	VTI	Vanguard Total Stock	Pair Corr
0.91	SPY	SPDR SP 500	Pair Corr
0.91	IVV	iShares Core SP	Pair Corr
0.86	BND	Vanguard Total Bond	Pair Corr
0.91	VTV	Vanguard Value Index	Pair Corr
0.88	VUG	Vanguard Growth Index	Pair Corr
0.87	VO	Vanguard Mid Cap	Pair Corr
0.92	VEA	Vanguard FTSE Developed	Pair Corr
0.88	VB	Vanguard Small Cap	Pair Corr
0.67	RULE	Collaborative Investment	Pair Corr
0.92	FALN	iShares Fallen Angels	Pair Corr
0.73	RXI	iShares Global Consumer	Pair Corr
0.75	GSJY	Goldman Sachs ActiveBeta	Pair Corr
0.88	IJT	iShares SP Small	Pair Corr
0.89	BKUI	BNY Mellon ETF	Pair Corr
0.92	SPYV	SPDR Portfolio SP	Pair Corr
0.92	ESGV	Vanguard ESG Stock	Pair Corr
0.76	MMM	3M Company	Pair Corr
0.75	AA	Alcoa Corp	Pair Corr
0.77	PFE	Pfizer Inc	Pair Corr
0.77	HPQ	HP Inc	Pair Corr
0.82	JPM	JPMorgan Chase	Pair Corr
0.76	CSCO	Cisco Systems	Pair Corr
0.69	MRK	Merck Company	Pair Corr
0.61	AXP	American Express Sell-off Trend	Pair Corr
0.78	CAT	Caterpillar	Pair Corr
0.67	INTC	Intel	Pair Corr
0.63	T	ATT Inc Aggressive Push	Pair Corr

Moving against First Etf

0.59	PG	Procter Gamble	Pair Corr
0.45	IBM	International Business	Pair Corr

Related Correlations Analysis

	FCVT	FTHI	FMB	HYLS	FTSL
FCVT		0.96	0.55	0.93	0.97	FCVT
FTHI	0.96		0.68	0.97	0.98	FTHI
FMB	0.55	0.68		0.75	0.63	FMB
HYLS	0.93	0.97	0.75		0.97	HYLS
FTSL	0.97	0.98	0.63	0.97		FTSL
	FCVT	FTHI	FMB	HYLS	FTSL

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
FCVT	0.41	0.10	0.07	0.30	0.18	(0.42)	1.01	(0.83)	2.48
FTHI	0.30	0.11	0.00	(0.69)	0.00	(0.37)	0.72	(0.43)	1.84
FMB	0.12	0.00	(0.64)	0.24	0.09	(0.14)	0.26	(0.26)	0.77
HYLS	0.13	0.04	(0.42)	2.38	0.00	(0.16)	0.34	(0.19)	0.78
FTSL	0.05	0.02	(1.16)	0.65	0.00	(0.07)	0.13	(0.07)	0.26

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