First Trust Correlations

FTA Etf

USD 83.01 0.26 0.31%

The current 90-days correlation between First Trust Large and First Trust Large is 0.35 (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

Very poor diversification

The correlation between First Trust Large and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Large 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 Large. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with First Etf

0.99	VTV	Vanguard Value Index	Pair Corr
0.98	VYM	Vanguard High Dividend	Pair Corr
0.99	IWD	iShares Russell 1000	Pair Corr
0.98	DGRO	iShares Core Dividend Sell-off Trend	Pair Corr
0.98	IVE	iShares SP 500	Pair Corr
0.98	DVY	iShares Select Dividend	Pair Corr
0.98	SPYV	SPDR Portfolio SP	Pair Corr
0.93	FVD	First Trust Value	Pair Corr
0.98	IUSV	iShares Core SP	Pair Corr
0.94	NOBL	ProShares SP 500	Pair Corr
0.94	VTI	Vanguard Total Stock	Pair Corr
0.93	SPY	SPDR SP 500	Pair Corr
0.93	IVV	iShares Core SP	Pair Corr
0.78	BND	Vanguard Total Bond	Pair Corr
0.88	VUG	Vanguard Growth Index	Pair Corr
0.94	VO	Vanguard Mid Cap	Pair Corr
0.92	VEA	Vanguard FTSE Developed	Pair Corr
0.98	VB	Vanguard Small Cap	Pair Corr
0.93	VWO	Vanguard FTSE Emerging	Pair Corr
0.89	DRSK	Aptus Defined Risk	Pair Corr
0.76	BA	Boeing	Pair Corr
0.88	BAC	Bank of America Aggressive Push	Pair Corr
0.73	MSFT	Microsoft	Pair Corr
0.72	CSCO	Cisco Systems	Pair Corr
0.67	GE	GE Aerospace	Pair Corr
0.73	INTC	Intel Aggressive Push	Pair Corr
0.82	CAT	Caterpillar	Pair Corr
0.84	DD	Dupont De Nemours	Pair Corr
0.89	AA	Alcoa Corp	Pair Corr
0.67	AXP	American Express	Pair Corr
0.89	PFE	Pfizer Inc	Pair Corr
0.85	JPM	JPMorgan Chase	Pair Corr
0.73	MMM	3M Company	Pair Corr

Moving against First Etf

0.4

Coca Cola

Pair Corr

Related Correlations Analysis

	FTC	FEX	FYX	FNX	FAB
FTC		0.96	0.88	0.9	0.85	FTC
FEX	0.96		0.96	0.98	0.96	FEX
FYX	0.88	0.96		0.99	0.98	FYX
FNX	0.9	0.98	0.99		0.99	FNX
FAB	0.85	0.96	0.98	0.99		FAB
	FTC	FEX	FYX	FNX	FAB

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
FTC	0.60	0.07	0.06	0.20	0.43	(0.69)	1.35	(0.85)	3.36
FEX	0.50	0.03	0.04	0.15	0.37	(0.56)	0.97	(0.90)	2.52
FYX	0.94	0.04	0.10	0.13	0.84	(1.07)	2.37	(1.53)	4.86
FNX	0.71	0.03	0.06	0.13	0.63	(0.81)	1.42	(1.21)	3.75
FAB	0.79	0.02	0.06	0.12	0.60	(1.03)	2.23	(1.23)	4.59

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