First Trust Correlations

CIBR Etf

USD 72.38 1.07 1.46%

The current 90-days correlation between First Trust NASDAQ and Invesco SP 500 is 0.7 (i.e., Poor diversification). The correlation of First Trust is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

First Trust Correlation With Market

Very weak diversification

The correlation between First Trust NASDAQ and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust NASDAQ and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with First Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in First Trust NASDAQ. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with First Etf

0.65	VGT	Vanguard Information	Pair Corr
0.61	FTEC	Fidelity MSCI Information	Pair Corr
0.91	IGV	iShares Expanded Tech	Pair Corr
0.68	FDN	First Trust Dow	Pair Corr
0.77	BULZ	MicroSectors Solactive	Pair Corr
0.84	GBTC	Grayscale Bitcoin Trust Sell-off Trend	Pair Corr
0.79	FNGO	MicroSectors FANG Index	Pair Corr
0.8	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.79	FNGG	Direxion Daily Select	Pair Corr
0.84	DAPP	VanEck Digital Trans	Pair Corr
0.66	HD	Home Depot	Pair Corr
0.67	MSFT	Microsoft	Pair Corr

Moving against First Etf

0.62	AGQ	ProShares Ultra Silver	Pair Corr
0.67	MRK	Merck Company	Pair Corr
0.65	JNJ	Johnson Johnson	Pair Corr
0.5	XOM	Exxon Mobil Corp	Pair Corr
0.48	PFE	Pfizer Inc	Pair Corr
0.47	AA	Alcoa Corp	Pair Corr
0.43	CSCO	Cisco Systems	Pair Corr
0.38	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.31	BAC	Bank of America Earnings Call This Week	Pair Corr

Related Correlations Analysis

	XLG	SCHE	VTMFX	NOBL	HDV	ESGV	DFAS	SPTM	VPADX	VPL
XLG		0.55	0.9	0.38	0.05	0.93	0.56	0.9	0.73	0.73	XLG
SCHE	0.55		0.62	0.13	-0.02	0.61	0.3	0.58	0.74	0.75	SCHE
VTMFX	0.9	0.62		0.69	0.36	0.97	0.82	0.99	0.91	0.9	VTMFX
NOBL	0.38	0.13	0.69		0.84	0.59	0.88	0.68	0.63	0.62	NOBL
HDV	0.05	-0.02	0.36	0.84		0.24	0.6	0.34	0.32	0.31	HDV
ESGV	0.93	0.61	0.97	0.59	0.24		0.8	0.99	0.86	0.85	ESGV
DFAS	0.56	0.3	0.82	0.88	0.6	0.8		0.85	0.74	0.74	DFAS
SPTM	0.9	0.58	0.99	0.68	0.34	0.99	0.85		0.88	0.88	SPTM
VPADX	0.73	0.74	0.91	0.63	0.32	0.86	0.74	0.88		1.0	VPADX
VPL	0.73	0.75	0.9	0.62	0.31	0.85	0.74	0.88	1.0		VPL
	XLG	SCHE	VTMFX	NOBL	HDV	ESGV	DFAS	SPTM	VPADX	VPL

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VPL	+ 1.0	VPADX
SPTM	+ 0.99	VTMFX
SPTM	+ 0.99	ESGV
ESGV	+ 0.97	VTMFX
ESGV	+ 0.93	XLG
VPADX	+ 0.91	VTMFX

High negative correlations

HDV

- 0.02

SCHE

First Trust Constituents Risk-Adjusted Indicators

There is a big difference between First Etf performing well and First Trust ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze First Trust's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
XLG	0.63	0.02	0.00	0.11	0.76	(0.65)	1.57	(1.39)	3.92
SCHE	0.61	0.06	0.04	0.18	0.51	(0.77)	1.44	(1.12)	4.19
VTMFX	0.27	0.02	(0.06)	0.14	0.26	(0.29)	0.59	(0.55)	1.67
NOBL	0.53	0.02	(0.02)	0.11	0.57	(0.57)	1.15	(0.91)	3.16
HDV	0.48	0.02	(0.07)	0.13	0.51	(0.51)	1.05	(0.82)	2.75
ESGV	0.61	0.03	0.01	0.11	0.75	(0.60)	1.37	(1.33)	3.52
DFAS	0.82	0.06	0.07	0.13	0.79	(0.89)	1.96	(1.31)	4.29
SPTM	0.56	0.03	0.02	0.12	0.65	(0.58)	1.16	(1.09)	3.20
VPADX	0.66	0.12	0.10	0.26	0.64	(0.70)	1.68	(1.41)	3.66
VPL	0.64	0.12	0.10	0.24	0.68	(0.69)	1.55	(1.41)	3.34

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC