First Trust Correlations

FEUZ Etf

USD 62.09 0.06 0.1%

Current 90-days correlation between First Trust Eurozone and iShares MSCI Kuwait is 0.22 (i.e., Modest diversification).For tax-loss harvesting strategies, investors look for assets with high correlation to First Trust so that positions can be swapped without meaningfully altering portfolio exposure.

Market Correlation Profile: First Trust

Poor diversification

Across the chosen horizon, FEUZ and DJI show a correlation of 0.72 and fall into the Poor diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Build AI portfolio with First Etf

Investing Opportunities provides context for diversified portfolio design. Additional portfolio transparency improves capital positioning. The allocation includes a position in First Trust Eurozone across the allocation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with First Etf

0.99	VGK	Vanguard FTSE Europe	Pair Corr
0.96	EZU	iShares MSCI Eurozone	Pair Corr
0.99	BBEU	JPMorgan BetaBuilders	Pair Corr
0.99	IEUR	iShares Core MSCI	Pair Corr
0.92	FEZ	SPDR EURO STOXX	Pair Corr
0.99	IEV	iShares Europe ETF	Pair Corr
0.92	HEDJ	WisdomTree Europe Hedged	Pair Corr
0.66	EUFN	iShares MSCI Europe	Pair Corr
0.91	DBEU	Xtrackers MSCI Europe	Pair Corr
0.95	HEZU	iShares Currency Hedged	Pair Corr
0.83	ARP	Advisors Inner Circle	Pair Corr
0.86	PXMV	Invesco SAMPP MidCap	Pair Corr
0.9	IGA	Voya Global Advantage	Pair Corr
0.64	PBTP	Invesco PureBeta 0	Pair Corr
0.87	TBG	EA Series Trust	Pair Corr
0.85	IFRA	iShares Infrastructure	Pair Corr
0.8	AUMI	Themes Gold Miners	Pair Corr
0.71	FMF	First Trust Managed	Pair Corr
0.79	GLD	SPDR Gold Shares	Pair Corr
0.96	FNDE	Schwab Fundamental	Pair Corr
0.96	EQLT	iShares MSCI Emerging	Pair Corr
0.91	HYEM	VanEck Emerging Markets	Pair Corr
0.91	ALCBX	ALPSSmith Balanced	Pair Corr
0.96	EFNL	iShares MSCI Finland	Pair Corr

Moving against First Etf

0.63	ENTR	EntrepreneurShares	Pair Corr
0.53	MAGS	Roundhill Magnificent	Pair Corr

Related Correlations Analysis

	FSZ	FGM	FKU	FCA	RFDA	CRDT	IQDY	RAYE	USAI	KWT
FSZ		0.85	0.95	0.9	0.62	0.56	0.96	0.41	0.77	-0.72	FSZ
FGM	0.85		0.93	0.74	0.71	0.65	0.88	0.03	0.47	-0.51	FGM
FKU	0.95	0.93		0.88	0.71	0.66	0.94	0.26	0.67	-0.7	FKU
FCA	0.9	0.74	0.88		0.53	0.54	0.93	0.55	0.88	-0.85	FCA
RFDA	0.62	0.71	0.71	0.53		0.38	0.6	0.01	0.35	-0.41	RFDA
CRDT	0.56	0.65	0.66	0.54	0.38		0.6	-0.16	0.19	-0.38	CRDT
IQDY	0.96	0.88	0.94	0.93	0.6	0.6		0.39	0.78	-0.76	IQDY
RAYE	0.41	0.03	0.26	0.55	0.01	-0.16	0.39		0.8	-0.52	RAYE
USAI	0.77	0.47	0.67	0.88	0.35	0.19	0.78	0.8		-0.82	USAI
KWT	-0.72	-0.51	-0.7	-0.85	-0.41	-0.38	-0.76	-0.52	-0.82		KWT
	FSZ	FGM	FKU	FCA	RFDA	CRDT	IQDY	RAYE	USAI	KWT

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

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

IQDY	+ 0.96	FSZ
FKU	+ 0.95	FSZ
IQDY	+ 0.94	FKU
FKU	+ 0.93	FGM
IQDY	+ 0.93	FCA
FCA	+ 0.9	FSZ

High negative correlations

KWT	- 0.85	FCA
KWT	- 0.82	USAI
KWT	- 0.76	IQDY
KWT	- 0.72	FSZ
KWT	- 0.7	FKU
KWT	- 0.52	RAYE

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
FSZ	0.57	0.07	0.15	1.09	0.66	-0.64	1.30	-1.15	3.63
FGM	0.92	0.07	0.04	0.02	1.60	-0.83	1.81	-2.61	6.64
FKU	0.83	0.14	0.11	0.10	1.13	-0.82	1.61	-2.46	5.93
FCA	1.06	0.22	0.14	0.36	1.41	-1.05	2.04	-2.51	8.42
RFDA	0.53	0.03	0.05	-0.01	0.73	-0.59	1.10	-1.34	3.68
CRDT	0.30	-0.01	0.09	0.06	0.47	-0.26	0.69	-0.56	2.30
IQDY	0.74	0.09	0.13	-0.56	0.95	-0.78	1.42	-1.34	6.40
RAYE	1.43	0.19	0.11	1.67	1.81	-1.76	4.86	-2.96	12.98
USAI	0.77	0.26	0.35	4.63	0.55	-0.92	1.76	-1.02	3.77
KWT	0.77	-0.06	0.00	-0.45	0.00	0.00	1.21	-1.56	8.55

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC