First Trust Correlations

FCG Etf

USD 23.27 0.56 2.35%

The current 90-days correlation between First Trust Natural and First Trust Europe is 0.24 (i.e., Modest 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

Good diversification

The correlation between First Trust Natural and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Natural 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 Natural. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with First Etf

0.8	XLE	Energy Select Sector Aggressive Push	Pair Corr
0.76	VDE	Vanguard Energy Index	Pair Corr
0.9	XOP	SPDR SP Oil	Pair Corr
0.65	OIH	VanEck Oil Services	Pair Corr
0.77	IYE	iShares Energy ETF	Pair Corr
0.78	IXC	iShares Global Energy	Pair Corr
0.94	FXN	First Trust Energy	Pair Corr
0.76	FENY	Fidelity MSCI Energy	Pair Corr
0.83	FTXN	First Trust Nasdaq	Pair Corr
0.93	IEO	iShares Oil Gas Low Volatility	Pair Corr
0.66	DD	Dupont De Nemours	Pair Corr
0.68	PFE	Pfizer Inc Sell-off Trend	Pair Corr

Moving against First Etf

0.55	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.61	MSFT	Microsoft Sell-off Trend	Pair Corr
0.56	HPQ	HP Inc	Pair Corr
0.48	PG	Procter Gamble	Pair Corr
0.46	DIS	Walt Disney	Pair Corr
0.42	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	FEP	JPEM	ENFR	GVAL	DGRS	PDN	SFLO	BBH	FTRB	CDL
FEP		0.47	0.54	0.78	0.67	0.75	0.81	0.44	0.45	0.67	FEP
JPEM	0.47		0.46	0.72	0.19	0.73	0.42	0.66	0.32	0.25	JPEM
ENFR	0.54	0.46		0.65	0.25	0.48	0.66	0.69	0.25	0.64	ENFR
GVAL	0.78	0.72	0.65		0.34	0.61	0.71	0.84	0.54	0.53	GVAL
DGRS	0.67	0.19	0.25	0.34		0.67	0.75	0.05	0.36	0.62	DGRS
PDN	0.75	0.73	0.48	0.61	0.67		0.67	0.34	0.28	0.49	PDN
SFLO	0.81	0.42	0.66	0.71	0.75	0.67		0.56	0.52	0.77	SFLO
BBH	0.44	0.66	0.69	0.84	0.05	0.34	0.56		0.58	0.48	BBH
FTRB	0.45	0.32	0.25	0.54	0.36	0.28	0.52	0.58		0.59	FTRB
CDL	0.67	0.25	0.64	0.53	0.62	0.49	0.77	0.48	0.59		CDL
	FEP	JPEM	ENFR	GVAL	DGRS	PDN	SFLO	BBH	FTRB	CDL

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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
FEP	0.60	0.12	0.07	0.76	0.61	(0.65)	1.41	(1.27)	2.87
JPEM	0.44	0.07	0.00	0.80	0.56	(0.43)	0.76	(0.92)	2.87
ENFR	0.66	(0.03)	0.00	(0.28)	0.00	0.00	1.21	(1.58)	3.78
GVAL	0.55	0.15	0.13	1.51	0.47	(0.63)	1.10	(0.90)	2.43
DGRS	0.79	(0.06)	(0.05)	0.02	0.95	(0.91)	2.30	(1.68)	4.65
PDN	0.55	0.05	(0.02)	0.44	0.64	(0.60)	1.09	(1.03)	3.08
SFLO	0.78	0.04	(0.02)	0.97	1.02	(0.82)	2.01	(1.62)	4.14
BBH	0.74	0.12	0.05	(2.35)	0.67	(0.80)	1.72	(1.40)	4.36
FTRB	0.13	0.01	(0.40)	0.55	0.08	(0.14)	0.28	(0.24)	0.75
CDL	0.48	0.00	(0.11)	0.04	0.60	(0.50)	0.97	(1.05)	2.60

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