First Trust Correlations

FCTR Etf

USD 37.05 0.00 0.00%

The current 90-days correlation between First Trust Lunt and ProShares Ultra MidCap400 is 0.81 (i.e., Very 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

Almost no diversification

The correlation between First Trust Lunt and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Lunt 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 Lunt. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in poverty.

Moving together with First Etf

0.94	VTI	Vanguard Total Stock	Pair Corr
0.92	SPY	SPDR SP 500	Pair Corr
0.92	IVV	iShares Core SP	Pair Corr
0.83	VIG	Vanguard Dividend	Pair Corr
0.9	VV	Vanguard Large Cap	Pair Corr
0.89	RSP	Invesco SP 500	Pair Corr
0.93	IWB	iShares Russell 1000	Pair Corr
0.9	ESGU	iShares ESG Aware	Pair Corr
0.92	DFAC	Dimensional Core Equity	Pair Corr
0.66	SPLG	SSgA Symbol Change	Pair Corr
0.74	OIH	VanEck Oil Services	Pair Corr
0.89	WTMF	WisdomTree Managed	Pair Corr
0.84	EWC	iShares MSCI Canada	Pair Corr
0.94	TOT	Advisor Managed Port	Pair Corr
0.83	BST	BlackRock Science Tech	Pair Corr
0.67	RDIV	Invesco SP Ultra	Pair Corr
0.82	AHYB	American Century ETF	Pair Corr
0.75	DD	Dupont De Nemours Earnings Call Today	Pair Corr
0.76	INTC	Intel	Pair Corr
0.63	DIS	Walt Disney	Pair Corr
0.64	HD	Home Depot	Pair Corr

Moving against First Etf

0.56	HPQ	HP Inc	Pair Corr
0.41	MSFT	Microsoft	Pair Corr
0.41	T	ATT Inc Sell-off Trend	Pair Corr
0.38	MMM	3M Company	Pair Corr

Related Correlations Analysis

	EVUS	ELCV	PSCI	GSC	PY	PSCH	XBJL	SVAL	ERTH	MVV
EVUS		0.95	0.97	0.95	0.88	0.44	0.95	0.97	0.58	0.96	EVUS
ELCV	0.95		0.94	0.9	0.73	0.24	0.82	0.91	0.58	0.91	ELCV
PSCI	0.97	0.94		0.97	0.84	0.42	0.91	0.98	0.52	0.97	PSCI
GSC	0.95	0.9	0.97		0.85	0.55	0.93	0.97	0.51	0.99	GSC
PY	0.88	0.73	0.84	0.85		0.64	0.9	0.88	0.48	0.87	PY
PSCH	0.44	0.24	0.42	0.55	0.64		0.59	0.52	0.0	0.51	PSCH
XBJL	0.95	0.82	0.91	0.93	0.9	0.59		0.92	0.58	0.94	XBJL
SVAL	0.97	0.91	0.98	0.97	0.88	0.52	0.92		0.46	0.97	SVAL
ERTH	0.58	0.58	0.52	0.51	0.48	0.0	0.58	0.46		0.57	ERTH
MVV	0.96	0.91	0.97	0.99	0.87	0.51	0.94	0.97	0.57		MVV
	EVUS	ELCV	PSCI	GSC	PY	PSCH	XBJL	SVAL	ERTH	MVV

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

MVV	+ 0.99	GSC
SVAL	+ 0.98	PSCI
PSCI	+ 0.97	EVUS
SVAL	+ 0.97	EVUS
GSC	+ 0.97	PSCI
MVV	+ 0.97	PSCI

High negative correlations

ERTH

- 0.0

PSCH

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
EVUS	0.55	0.06	0.07	0.16	0.48	(0.62)	1.45	(1.01)	3.05
ELCV	0.60	0.08	0.07	0.19	0.57	(0.62)	1.13	(1.17)	3.08
PSCI	1.02	0.16	0.17	0.20	0.87	(1.21)	2.77	(1.96)	5.14
GSC	0.93	0.08	0.10	0.15	0.83	(1.14)	2.10	(1.89)	4.87
PY	0.50	0.02	(0.01)	0.11	0.52	(0.56)	1.24	(0.91)	3.31
PSCH	1.00	(0.05)	(0.03)	0.04	1.02	(1.19)	2.41	(1.87)	6.59
XBJL	0.21	0.00	(0.18)	0.09	0.19	(0.22)	0.43	(0.44)	1.31
SVAL	0.83	0.14	0.16	0.21	0.60	(0.99)	2.33	(1.45)	5.39
ERTH	0.79	(0.05)	(0.05)	0.02	1.02	(0.77)	1.55	(2.00)	4.99
MVV	1.50	0.13	0.13	0.14	1.47	(1.75)	3.83	(2.80)	7.51

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