First Trust Correlations

FCEF Etf

USD 22.98 0.01 0.04%

The current 90-days correlation between First Trust Income and Rareview Dynamic Fixed is 0.44 (i.e., Very weak 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.

First Trust Correlation With Market

Poor diversification

The correlation between First Trust Income and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Income 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 Income. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with First Etf

0.82	AOM	iShares Core Moderate	Pair Corr
0.65	GDMA	Alpha Architect Gdsdn	Pair Corr
0.84	INKM	SPDR SSgA Income	Pair Corr
0.8	EAOM	iShares ESG Aware	Pair Corr
0.87	VTI	Vanguard Total Stock	Pair Corr
0.85	SPY	SPDR SP 500	Pair Corr
0.85	IVV	iShares Core SP	Pair Corr
0.83	VTV	Vanguard Value Index	Pair Corr
0.64	VUG	Vanguard Growth Index	Pair Corr
0.72	VO	Vanguard Mid Cap	Pair Corr
0.82	VEA	Vanguard FTSE Developed	Pair Corr
0.85	VB	Vanguard Small Cap	Pair Corr
0.84	PRF	Invesco FTSE RAFI	Pair Corr
0.8	VFVA	Vanguard Value Factor	Pair Corr
0.83	MAPP	Harbor ETF Trust	Pair Corr
0.67	BGH	Barings Global Short	Pair Corr
0.81	OUSA	ALPS ETF Trust	Pair Corr
0.79	GAPR	First Trust Exchange	Pair Corr
0.85	OVF	Overlay Shares Foreign	Pair Corr
0.66	GDE	WisdomTree Efficient Gold	Pair Corr
0.65	QYLD	Global X NASDAQ	Pair Corr
0.87	DECT	AIM ETF Products	Pair Corr
0.61	TAXX	BondBloxx ETF Trust	Pair Corr
0.74	LJUL	Innovator Premium Income	Pair Corr
0.81	SCHF	Schwab International	Pair Corr
0.79	PBAP	PGIM Large Cap	Pair Corr
0.76	IDEC	Innovator ETFs Trust	Pair Corr
0.82	PBFB	PGIM Large Cap	Pair Corr
0.68	EVMT	Invesco Electric Vehicle	Pair Corr

Moving against First Etf

0.47

IONZ

Defiance Daily Target

Pair Corr

Related Correlations Analysis

	RDFI	HYIN	GTR	AGQI	SAGP	TRND	PFI	EASG	DIVL	RSEE
RDFI		0.58	0.69	0.54	0.69	0.58	0.66	0.63	0.51	0.63	RDFI
HYIN	0.58		0.59	0.41	0.66	0.45	0.64	0.44	0.7	0.44	HYIN
GTR	0.69	0.59		0.86	0.86	0.94	0.89	0.89	0.69	0.96	GTR
AGQI	0.54	0.41	0.86		0.79	0.9	0.83	0.92	0.75	0.86	AGQI
SAGP	0.69	0.66	0.86	0.79		0.8	0.91	0.85	0.81	0.79	SAGP
TRND	0.58	0.45	0.94	0.9	0.8		0.88	0.87	0.65	0.98	TRND
PFI	0.66	0.64	0.89	0.83	0.91	0.88		0.82	0.81	0.84	PFI
EASG	0.63	0.44	0.89	0.92	0.85	0.87	0.82		0.73	0.87	EASG
DIVL	0.51	0.7	0.69	0.75	0.81	0.65	0.81	0.73		0.58	DIVL
RSEE	0.63	0.44	0.96	0.86	0.79	0.98	0.84	0.87	0.58		RSEE
	RDFI	HYIN	GTR	AGQI	SAGP	TRND	PFI	EASG	DIVL	RSEE

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

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
RDFI	0.31	(0.02)	(0.10)	0.01	0.50	(0.35)	0.55	(0.42)	3.32
HYIN	0.59	(0.05)	0.00	(0.02)	0.00	0.00	1.19	(1.41)	3.19
GTR	0.52	(0.02)	(0.03)	0.04	0.75	(0.47)	1.12	(1.27)	2.88
AGQI	0.48	0.02	0.01	0.09	0.54	(0.51)	0.97	(0.99)	2.45
SAGP	0.61	(0.03)	(0.03)	0.03	0.83	(0.60)	1.19	(1.29)	3.35
TRND	0.51	(0.01)	(0.03)	0.04	0.77	(0.49)	1.03	(1.12)	2.92
PFI	1.01	(0.07)	(0.03)	0.01	1.54	(0.92)	2.03	(2.91)	5.65
EASG	0.64	0.02	0.01	0.08	0.83	(0.64)	1.20	(1.25)	3.51
DIVL	0.53	(0.06)	0.00	(0.02)	0.00	0.00	1.23	(1.19)	2.78
RSEE	0.80	(0.01)	0.00	0.05	1.21	(0.74)	1.39	(2.02)	4.44

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