First Trust Correlations

EMDM Etf

39.58 0.05 0.13%

The current 90-days correlation between First Trust Bloomberg and ProShares Equities for is 0.49 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Trust Bloomberg moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

First Trust Correlation With Market

Very poor diversification

The correlation between First Trust Bloomberg and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Bloomberg and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with First Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust Bloomberg. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

Moving together with First Etf

0.98	VWO	Vanguard FTSE Emerging	Pair Corr
0.99	IEMG	iShares Core MSCI Aggressive Push	Pair Corr
0.98	EMC	Global X Funds	Pair Corr
0.99	EEM	iShares MSCI Emerging Aggressive Push	Pair Corr
0.98	SPEM	SPDR Portfolio Emerging	Pair Corr
0.99	FNDE	Schwab Fundamental	Pair Corr
0.99	ESGE	iShares ESG Aware	Pair Corr
0.99	SFGRX	Seafarer Overseas	Pair Corr
0.99	DGS	WisdomTree Emerging	Pair Corr
0.99	XSOE	WisdomTree Emerging	Pair Corr
0.82	SHLD	Global X Defense	Pair Corr
0.78	LUX	Tema Global	Pair Corr
0.75	FB	ProShares Trust ProShares	Pair Corr
0.91	SWP	SWP Growth Income	Pair Corr
0.87	FNGD	MicroSectors FANG Index Potential Growth	Pair Corr
0.79	CALY	Callaway Golf Symbol Change	Pair Corr
0.95	DXJ	WisdomTree Japan Hedged	Pair Corr
0.96	SPDV	AAM SP 500	Pair Corr
0.98	UEVM	VictoryShares Emerging	Pair Corr
0.95	FTCS	First Trust Capital	Pair Corr
0.95	JEPI	JPMorgan Equity Premium	Pair Corr
0.96	DFE	WisdomTree Europe	Pair Corr
0.92	AUMI	Themes Gold Miners	Pair Corr
0.76	UAUG	Innovator Equity Ultra	Pair Corr
0.92	ERET	iShares Environmentally	Pair Corr
0.98	ESGD	iShares ESG Aware	Pair Corr
0.7	GOCT	FT Cboe Vest	Pair Corr
0.89	KNGZ	First Trust Exchange	Pair Corr
0.89	ETHO	Amplify Etho Climate	Pair Corr
0.99	CCNR	CoreCommodity Natural	Pair Corr
0.97	GCAL	Goldman Sachs ETF	Pair Corr
0.94	HIYS	Invesco High Yield Symbol Change	Pair Corr
0.84	GPGCX	Grandeur Peak Global	Pair Corr
0.9	IJS	iShares SP Small	Pair Corr
0.84	IGEB	iShares Edge Investment	Pair Corr
0.99	DVYE	iShares Emerging Markets	Pair Corr

Moving against First Etf

0.72	HUM	Humana Inc	Pair Corr
0.47	IND	Xtrackers Nifty 500	Pair Corr
0.69	ENTR	EntrepreneurShares	Pair Corr

Related Correlations Analysis

	TXSS	JHID	LBO	SIMS	SPDG	DMCY	ASCE	EQLT	EBIT	EQRR
TXSS		-0.72	0.62	-0.42	-0.74	-0.69	-0.49	-0.67	-0.6	-0.62	TXSS
JHID	-0.72		-0.64	0.77	0.97	0.96	0.87	0.97	0.94	0.94	JHID
LBO	0.62	-0.64		-0.3	-0.6	-0.51	-0.27	-0.62	-0.48	-0.43	LBO
SIMS	-0.42	0.77	-0.3		0.81	0.74	0.85	0.76	0.87	0.87	SIMS
SPDG	-0.74	0.97	-0.6	0.81		0.93	0.87	0.92	0.96	0.96	SPDG
DMCY	-0.69	0.96	-0.51	0.74	0.93		0.86	0.95	0.91	0.91	DMCY
ASCE	-0.49	0.87	-0.27	0.85	0.87	0.86		0.83	0.92	0.92	ASCE
EQLT	-0.67	0.97	-0.62	0.76	0.92	0.95	0.83		0.89	0.91	EQLT
EBIT	-0.6	0.94	-0.48	0.87	0.96	0.91	0.92	0.89		0.95	EBIT
EQRR	-0.62	0.94	-0.43	0.87	0.96	0.91	0.92	0.91	0.95		EQRR
	TXSS	JHID	LBO	SIMS	SPDG	DMCY	ASCE	EQLT	EBIT	EQRR

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

SPDG	+ 0.97	JHID
EQLT	+ 0.97	JHID
DMCY	+ 0.96	JHID
EBIT	+ 0.96	SPDG
EQRR	+ 0.96	SPDG
EQLT	+ 0.95	DMCY

High negative correlations

SPDG	- 0.74	TXSS
JHID	- 0.72	TXSS
DMCY	- 0.69	TXSS
EQLT	- 0.67	TXSS
LBO	- 0.64	JHID
EQLT	- 0.62	LBO

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
TXSS	0.39	(0.05)	0.00	2.17	0.00	0.00	1.09	(1.14)	6.73
JHID	0.49	0.20	0.26	0.49	0.00	(0.62)	1.21	(0.66)	3.46
LBO	1.16	(0.25)	0.00	(0.07)	0.00	0.00	2.20	(3.13)	7.23
SIMS	1.08	0.03	0.05	0.13	1.33	(1.12)	2.19	(2.27)	7.62
SPDG	0.58	0.10	0.10	0.22	0.48	(0.65)	1.59	(1.24)	3.92
DMCY	0.47	0.16	0.05	(1.20)	0.32	(0.58)	1.13	(0.97)	2.71
ASCE	0.89	0.10	0.13	0.20	0.71	(1.05)	1.73	(1.64)	6.08
EQLT	0.81	0.27	0.15	(1.91)	0.61	(0.92)	2.18	(1.38)	4.30
EBIT	0.83	0.11	0.15	0.21	0.51	(1.09)	2.39	(1.60)	5.38
EQRR	0.69	0.08	0.07	0.19	0.77	(0.73)	1.54	(1.80)	5.32

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