Correlation Between BetaPro SAMPP and First Trust
How much single-name risk can be diversified by combining BetaPro SAMPP 500 and First Trust Canadian? The view summarizes correlation to explain the diversifiable risk of holding BetaPro SAMPP 500 and First Trust Canadian together.
Cross-correlation between BetaPro SAMPP 500 and First Trust Canadian helps estimate portfolio overlap before combining both positions. You can also test a long BetaPro SAMPP and short First Trust structure to evaluate relative-value behavior. Review volatility patterns in BetaPro SAMPP and First Trust. Go to your portfolio center
Diversification Opportunities for BetaPro SAMPP and First Trust
-0.2 | Correlation Coefficient |
Good diversification
The 3 months correlation between BetaPro and First is -0.2. Overlapping area represents the amount of risk that can be diversified away by holding BetaPro SAMPP 500 and First Trust Canadian in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on First Trust Canadian and BetaPro SAMPP 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 BetaPro SAMPP 500 are associated (or correlated) with First Trust. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of First Trust Canadian has no effect on the direction of BetaPro SAMPP i.e., BetaPro SAMPP and First Trust go up and down completely randomly.
Pair Corralation between BetaPro SAMPP and First Trust
Assuming the 90-day trading horizon BetaPro SAMPP is expected to generate 1.06 times less return on investment than First Trust. But when comparing it to its historical volatility, BetaPro SAMPP 500 is 1.13 times less risky than First Trust. It trades about 0.06 of its potential returns per unit of risk. First Trust Canadian is currently generating about 0.06 of returns per unit of risk over similar time horizon. If you had invested C$ 7,082 in First Trust Canadian on December 14, 2025 and sold it today you would have earned a total of C$ 186.00 from holding First Trust Canadian or generated 2.63% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
BetaPro SAMPP 500 vs. First Trust Canadian
Performance |
| Timeline |
| BetaPro SAMPP 500 |
Risk-Adjusted Performance
Mild
Weak | Strong |
| First Trust Canadian |
Risk-Adjusted Performance
Mild
Weak | Strong |
BetaPro SAMPP and First Trust Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with BetaPro SAMPP and First Trust
Pair trading between BetaPro SAMPP and First Trust can reduce some unsystematic risk by balancing one position against another. The objective is to profit from relative movement while reducing dependence on the market's overall direction.| BetaPro SAMPP vs. BetaPro SAMPPTSX 60 | BetaPro SAMPP vs. BetaPro SAMPPTSX 60 | BetaPro SAMPP vs. BetaPro SAMPP 500 | BetaPro SAMPP vs. CI First Asset |
| First Trust vs. Global X SAMPP | First Trust vs. TD Canadian Equity | First Trust vs. Mackenzie Large Cap | First Trust vs. iShares ESG Aware |
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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
Other Complementary Tools
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets |