First Trust Correlations

MDIV Etf

USD 16.59 0.09 0.54%

The current 90-days correlation between First Trust Multi and iShares ESG Advanced is 0.05 (i.e., Significant 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 Multi Asset and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Multi Asset and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with First Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in First Trust Multi Asset. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with First Etf

0.93	CVY	Invesco Zacks Multi	Pair Corr
0.76	HIPS	GraniteShares HIPS High	Pair Corr
0.88	EMCB	WisdomTree Emerging	Pair Corr
0.76	PCY	Invesco Emerging Markets	Pair Corr
0.93	WIP	SPDR FTSE International	Pair Corr
0.8	ISHG	iShares 1 3	Pair Corr
0.89	IGOV	iShares International	Pair Corr
0.82	APRT	AllianzIM Large Cap	Pair Corr
0.84	PICB	Invesco International	Pair Corr
0.91	OGSP	Spinnaker ETF Series	Pair Corr
0.84	OUSA	ALPS ETF Trust	Pair Corr
0.91	RSPR	Invesco SP 500	Pair Corr
0.96	DOL	WisdomTree International	Pair Corr
0.85	EAPR	Innovator MSCI Emerging	Pair Corr
0.95	BDVG	Litman Gregory Funds	Pair Corr
0.97	FTDS	First Trust Dividend	Pair Corr
0.94	IQDY	FlexShares International	Pair Corr
0.86	EBUF	Innovator ETFs Trust	Pair Corr
0.95	RWX	SPDR Dow Jones	Pair Corr
0.99	SCHD	Schwab Dividend Equity	Pair Corr
0.95	GAA	Cambria Global Asset	Pair Corr
0.93	UYLD	Angel Oak UltraShort	Pair Corr
0.96	ABI	VictoryShares Pioneer	Pair Corr
0.92	EMC	Global X Funds	Pair Corr
0.76	URA	Global X Uranium	Pair Corr
0.9	AZTD	Aztlan Global Stock	Pair Corr
0.86	SMH	VanEck Semiconductor ETF	Pair Corr
0.8	BEX	Investment Managers	Pair Corr
0.94	ULST	SPDR SSgA Ultra	Pair Corr
0.91	RSSE	First Trust Exchange	Pair Corr
0.88	IHDG	WisdomTree International	Pair Corr
0.95	QLVE	FlexShares Emerging	Pair Corr
0.97	FNDF	Schwab Fundamental	Pair Corr

Related Correlations Analysis

	IYLD	ISRA	ABEQ	EWO	FTXN	GSEU	TRTY	LEGR	EMXF
IYLD		0.85	0.95	0.96	0.92	0.97	0.98	0.82	0.99	IYLD
ISRA	0.85		0.71	0.92	0.67	0.9	0.87	0.94	0.85	ISRA
ABEQ	0.95	0.71		0.87	0.97	0.9	0.94	0.65	0.94	ABEQ
EWO	0.96	0.92	0.87		0.82	0.98	0.95	0.89	0.95	EWO
FTXN	0.92	0.67	0.97	0.82		0.85	0.91	0.59	0.91	FTXN
GSEU	0.97	0.9	0.9	0.98	0.85		0.97	0.89	0.97	GSEU
TRTY	0.98	0.87	0.94	0.95	0.91	0.97		0.83	0.98	TRTY
LEGR	0.82	0.94	0.65	0.89	0.59	0.89	0.83		0.84	LEGR
EMXF	0.99	0.85	0.94	0.95	0.91	0.97	0.98	0.84		EMXF
	IYLD	ISRA	ABEQ	EWO	FTXN	GSEU	TRTY	LEGR	EMXF

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
IYLD	0.26	0.07	0.04	0.36	0.00	(0.31)	0.68	(0.49)	1.86
ISRA	0.85	0.21	0.18	0.44	0.68	(0.96)	1.73	(1.38)	4.15
ABEQ	0.48	0.14	0.13	0.43	0.37	(0.54)	1.20	(1.00)	2.81
EWO	0.82	0.20	0.16	0.37	0.77	(0.89)	2.14	(1.71)	5.29
FTXN	1.16	0.35	0.23	1.36	0.97	(1.33)	2.72	(2.01)	5.39
GSEU	0.59	0.13	0.14	0.27	0.53	(0.68)	1.25	(1.29)	3.08
TRTY	0.51	0.14	0.10	0.39	0.71	(0.53)	1.02	(1.01)	5.31
LEGR	0.61	0.05	0.04	0.14	0.64	(0.63)	1.18	(1.16)	3.48
EMXF	0.65	0.14	0.13	0.29	0.65	(0.70)	1.76	(1.14)	3.61

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

First Trust Correlations

First Trust Correlation With Market

Poor diversification

Moving together with First Etf

Related Correlations Analysis

First Trust Constituents Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY