Correlation Between First Trust and WisdomTree Global
This comparison outlines how First Trust Indxx and WisdomTree Global High move in relation to one another. The linkage helps describe the extent of diversifiable risk across the pair.
When First Trust Indxx and WisdomTree Global High move together, diversification drops, and this tool helps identify those periods early. The interaction is relevant when allocating capital to both in the same strategy. A long First Trust and short WisdomTree Global setup can be tested to assess relative-value dynamics. Go to your portfolio center
Diversification Opportunities for First Trust and WisdomTree Global
0.15 | Correlation Coefficient |
Good diversification
The 3 months correlation between First and WisdomTree is 0.15. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Indxx and WisdomTree Global High in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on WisdomTree Global High 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 Indxx are associated (or correlated) with WisdomTree Global. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of WisdomTree Global High has no effect on the direction of First Trust i.e., First Trust and WisdomTree Global go up and down completely randomly.
Pair Corralation between First Trust and WisdomTree Global
Given the investment horizon of 90 days First Trust Indxx is expected to under-perform the WisdomTree Global. In addition to that, First Trust is 1.44 times more volatile than WisdomTree Global High. It trades about -0.06 of its total potential returns per unit of risk. WisdomTree Global High is currently generating about 0.13 per unit of volatility. If you had invested $ 6,188 in WisdomTree Global High on December 25, 2025 and sold it today you would have earned a total of $ 351.83 from holding WisdomTree Global High or generated 5.69% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
First Trust Indxx vs. WisdomTree Global High
Performance |
| Timeline |
| First Trust Indxx |
Risk-Adjusted Performance
Weak
Weak | Strong |
| WisdomTree Global High |
Risk-Adjusted Performance
Moderate
Weak | Strong |
First Trust and WisdomTree Global Volatility Contrast
Predicted Return Distribution |
| Density |
Pair Trading with First Trust and WisdomTree Global
Pair trading between First Trust and WisdomTree Global can reduce some unsystematic risk by balancing one position against another. This is most useful when the two securities share economic drivers but still create room for relative-performance divergence.| First Trust vs. First Trust Nasdaq | First Trust vs. Cambria Trinity ETF | First Trust vs. VanEck Israel ETF | First Trust vs. iShares MSCI Austria |
| WisdomTree Global vs. iShares Oil Equipment | WisdomTree Global vs. iShares MSCI China | WisdomTree Global vs. Pacer Emerging Markets | WisdomTree Global vs. iShares MSCI Austria |
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 Pattern Recognition module to use different Pattern Recognition models to identify potential trend changes across multiple global exchanges.
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