First Trust Correlations

FSZ Etf

USD 81.98 0.83 1.02%

The current 90-days correlation between First Trust Switzerland and Roundhill Sports Betting is 0.49 (i.e., Very 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. If the correlation is 0, the equities are not correlated; they are entirely random.

First Trust Correlation With Market

Poor diversification

The correlation between First Trust Switzerland and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Switzerland 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 Switzerland. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with First Etf

0.91	BBCA	JPMorgan BetaBuilders	Pair Corr
0.64	EWC	iShares MSCI Canada	Pair Corr
0.7	EWU	iShares MSCI United Sell-off Trend	Pair Corr
0.66	EWA	iShares MSCI Australia	Pair Corr
0.79	EWL	iShares MSCI Switzerland	Pair Corr
0.84	EWG	iShares MSCI Germany	Pair Corr
0.9	EWQ	iShares MSCI France	Pair Corr
0.74	VEA	Vanguard FTSE Developed	Pair Corr
0.8	TPHD	Timothy Plan High	Pair Corr
0.71	AA	Alcoa Corp	Pair Corr
0.8	BA	Boeing Earnings Call This Week	Pair Corr

Moving against First Etf

0.74	VXZ	iPath Series B	Pair Corr
0.72	VIXM	ProShares VIX Mid	Pair Corr
0.69	VXX	iPath Series B	Pair Corr
0.69	VIXY	ProShares VIX Short	Pair Corr
0.38	KSA	iShares MSCI Saudi	Pair Corr
0.38	T	ATT Inc Earnings Call This Week	Pair Corr
0.37	HPQ	HP Inc	Pair Corr
0.36	IBM	International Business Earnings Call This Week	Pair Corr
0.33	MMM	3M Company	Pair Corr

Related Correlations Analysis

	FGM	FKU	FEUZ	FCA	EUDG	RFDA	CVMC	RAYE	FLAU	BETZ
FGM		0.71	0.62	0.65	0.91	0.44	0.66	-0.19	0.75	0.28	FGM
FKU	0.71		0.96	0.44	0.8	0.79	0.92	-0.18	0.57	0.34	FKU
FEUZ	0.62	0.96		0.37	0.72	0.8	0.92	-0.15	0.41	0.34	FEUZ
FCA	0.65	0.44	0.37		0.63	0.14	0.41	-0.31	0.49	-0.34	FCA
EUDG	0.91	0.8	0.72	0.63		0.51	0.73	-0.15	0.65	0.28	EUDG
RFDA	0.44	0.79	0.8	0.14	0.51		0.8	-0.09	0.53	0.64	RFDA
CVMC	0.66	0.92	0.92	0.41	0.73	0.8		-0.04	0.53	0.32	CVMC
RAYE	-0.19	-0.18	-0.15	-0.31	-0.15	-0.09	-0.04		-0.22	0.0	RAYE
FLAU	0.75	0.57	0.41	0.49	0.65	0.53	0.53	-0.22		0.47	FLAU
BETZ	0.28	0.34	0.34	-0.34	0.28	0.64	0.32	0.0	0.47		BETZ
	FGM	FKU	FEUZ	FCA	EUDG	RFDA	CVMC	RAYE	FLAU	BETZ

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

FEUZ	+ 0.96	FKU
CVMC	+ 0.92	FKU
CVMC	+ 0.92	FEUZ
EUDG	+ 0.91	FGM
EUDG	+ 0.8	FKU
RFDA	+ 0.8	FEUZ

High negative correlations

BETZ	- 0.34	FCA
RAYE	- 0.31	FCA
FLAU	- 0.22	RAYE
RAYE	- 0.19	FGM
RAYE	- 0.18	FKU
RAYE	- 0.15	EUDG

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
FGM	0.75	0.13	0.11	0.24	0.81	(0.81)	1.80	(1.73)	4.72
FKU	0.63	0.10	0.08	0.24	0.52	(0.71)	1.40	(1.20)	3.25
FEUZ	0.56	0.09	0.09	0.23	0.55	(0.62)	1.30	(1.14)	3.42
FCA	0.94	0.12	0.05	0.37	1.07	(0.96)	1.91	(1.92)	5.55
EUDG	0.61	0.05	0.03	0.15	0.56	(0.69)	1.33	(1.05)	3.32
RFDA	0.49	(0.02)	(0.07)	0.07	0.60	(0.53)	1.21	(1.22)	3.65
CVMC	0.67	0.09	0.01	0.50	0.73	(0.72)	1.57	(1.27)	3.87
RAYE	1.87	0.03	(0.04)	(0.02)	2.22	(2.57)	5.36	(3.45)	13.90
FLAU	0.67	(0.03)	(0.07)	0.05	0.76	(0.72)	1.42	(1.24)	3.41
BETZ	0.95	(0.27)	0.00	(0.19)	0.00	0.00	1.72	(1.94)	5.66

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