Correlation Between First Trust and WisdomTree 9060
Can company-specific risk be reduced by holding First Trust Small and WisdomTree 9060 Balanced together? This module highlights the diversifiable risk of combining First Trust Small and WisdomTree 9060 Balanced and frames portfolio overlap.
Use this comparison to see whether First Trust Small and WisdomTree 9060 Balanced tend to move together or diverge across regimes. You can also test a long First Trust and short WisdomTree 9060 structure to evaluate relative-value behavior. Review volatility patterns in First Trust and WisdomTree 9060. Go to your portfolio center
Diversification Opportunities for First Trust and WisdomTree 9060
0.23 | Correlation Coefficient |
Modest diversification
The 3 months correlation between First and WisdomTree is 0.23. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Small and WisdomTree 9060 Balanced in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on WisdomTree 9060 Balanced 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 Small are associated (or correlated) with WisdomTree 9060. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of WisdomTree 9060 Balanced has no effect on the direction of First Trust i.e., First Trust and WisdomTree 9060 go up and down completely randomly.
Pair Corralation between First Trust and WisdomTree 9060
Considering the 90-day investment horizon First Trust Small is expected to generate 1.48 times more return on investment than WisdomTree 9060. However, First Trust is 1.48 times more volatile than WisdomTree 9060 Balanced. It trades about 0.03 of its potential returns per unit of risk. WisdomTree 9060 Balanced is currently generating about -0.03 per unit of risk. If you had invested $ 11,741 in First Trust Small on December 11, 2025 and sold it today you would have earned a total of $ 155.00 from holding First Trust Small or generated 1.32% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
First Trust Small vs. WisdomTree 9060 Balanced
Performance |
| Timeline |
| First Trust Small |
Risk-Adjusted Performance
Soft
Weak | Strong |
| WisdomTree 9060 Balanced |
Risk-Adjusted Performance
Weak
Weak | Strong |
First Trust and WisdomTree 9060 Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with First Trust and WisdomTree 9060
A paired position in First Trust and WisdomTree 9060 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 Health | First Trust vs. First Trust Large | First Trust vs. First Trust Mid | First Trust vs. T Rowe Price |
| WisdomTree 9060 vs. Pacer Funds Trust | WisdomTree 9060 vs. WisdomTree Earnings 500 | WisdomTree 9060 vs. Goldman Sachs MarketBeta | WisdomTree 9060 vs. Vanguard Russell 2000 |
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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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