Correlation Between First Trust and WisdomTree International
Is diversification improved when First Trust Mid and WisdomTree International Efficient appear in the same portfolio? This module highlights the diversifiable risk of combining First Trust Mid and WisdomTree International Efficient and frames portfolio overlap.
Use this comparison to see whether First Trust Mid and WisdomTree International Efficient tend to move together or diverge across regimes. You can also test a long First Trust and short WisdomTree International structure to evaluate relative-value behavior. Review volatility patterns in First Trust and WisdomTree International. Go to your portfolio center
Diversification Opportunities for First Trust and WisdomTree International
0.7 | Correlation Coefficient |
Poor diversification
The 3 months correlation between First and WisdomTree is 0.7. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Mid and WisdomTree International Effic in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on WisdomTree International and First Trust is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on First Trust Mid are associated (or correlated) with WisdomTree International. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of WisdomTree International has no effect on the direction of First Trust i.e., First Trust and WisdomTree International go up and down completely randomly.
Pair Corralation between First Trust and WisdomTree International
Considering the 90-day investment horizon First Trust Mid is expected to under-perform the WisdomTree International. In addition to that, First Trust is 1.3 times more volatile than WisdomTree International Efficient. It trades about -0.02 of its total potential returns per unit of risk. WisdomTree International Efficient is currently generating about 0.03 per unit of volatility. If you had invested $ 4,375 in WisdomTree International Efficient on December 13, 2025 and sold it today you would have earned a total of $ 65.00 from holding WisdomTree International Efficient or generated 1.49% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
First Trust Mid vs. WisdomTree International Effic
Performance |
| Timeline |
| First Trust Mid |
Risk-Adjusted Performance
Weak
Weak | Strong |
| WisdomTree International |
Risk-Adjusted Performance
Mild
Weak | Strong |
First Trust and WisdomTree International Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with First Trust and WisdomTree International
A paired position in First Trust and WisdomTree International is useful when investors want a more relative-value expression than a simple directional trade. The stronger process checks whether the correlation is stable enough to justify the hedge logic before the trade is sized.| First Trust vs. First Trust Emerging | First Trust vs. First Trust Multi | First Trust vs. First Trust Small | First Trust vs. Neuberger Berman ETF |
| WisdomTree International vs. 6 Meridian Mega | WisdomTree International vs. iShares MSCI Poland | WisdomTree International vs. Xtrackers MSCI Japan | WisdomTree International vs. American Century Quality |
Go to your portfolio centerThe information on this page should be treated as a complementary input when building or adjusting a diversified portfolio. The stronger workflow is to validate these signals with other models before acting. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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