Correlation Between WisdomTree 9060 and First Trust
How much single-name risk can be diversified by combining WisdomTree 9060 Balanced and First Trust Large? This page shows how WisdomTree 9060 Balanced and First Trust Large interact and how much diversifiable risk remains.
This page measures how tightly WisdomTree 9060 Balanced and First Trust Large returns move together and where diversification can still help. You can also test a long WisdomTree 9060 and short First Trust structure to evaluate relative-value behavior. Review volatility patterns in WisdomTree 9060 and First Trust. Go to your portfolio center
Diversification Opportunities for WisdomTree 9060 and First Trust
0.25 | Correlation Coefficient |
Modest diversification
The 3 months correlation between WisdomTree and First is 0.25. Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree 9060 Balanced and First Trust Large in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on First Trust Large and WisdomTree 9060 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 WisdomTree 9060 Balanced 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 Large has no effect on the direction of WisdomTree 9060 i.e., WisdomTree 9060 and First Trust go up and down completely randomly.
Pair Corralation between WisdomTree 9060 and First Trust
Given the investment horizon of 90 days WisdomTree 9060 Balanced is expected to under-perform the First Trust. But the etf apears to be less risky and, when comparing its historical volatility, WisdomTree 9060 Balanced is 1.02 times less risky than First Trust. The etf trades about -0.02 of its potential returns per unit of risk. The First Trust Large is currently generating about 0.1 of returns per unit of risk over similar time horizon. If you had invested $ 11,797 in First Trust Large on December 18, 2025 and sold it today you would have earned a total of $ 525.00 from holding First Trust Large or generated 4.45% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
WisdomTree 9060 Balanced vs. First Trust Large
Performance |
| Timeline |
| WisdomTree 9060 Balanced |
Risk-Adjusted Performance
Weak
Weak | Strong |
| First Trust Large |
Risk-Adjusted Performance
Moderate
Weak | Strong |
WisdomTree 9060 and First Trust Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with WisdomTree 9060 and First Trust
A paired position in WisdomTree 9060 and First Trust 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.| WisdomTree 9060 vs. Pacer Funds Trust | WisdomTree 9060 vs. WisdomTree Earnings 500 | WisdomTree 9060 vs. Goldman Sachs MarketBeta | WisdomTree 9060 vs. Vanguard Russell 2000 |
| First Trust vs. First Trust Large | First Trust vs. First Trust Large | First Trust vs. First Trust Mid | First Trust vs. First Trust Technology |
Go to your portfolio centerThe analysis presented here should support, not replace, the broader process of selecting and combining portfolio holdings. The practical goal is to improve the mix of assets already under consideration. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
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