FT Vest Correlations

Etfs . USA . 
Etf . FT Vest Dow
FDND Etf   22.22  0.21  0.95%   
The current 90-days correlation between FT Vest Dow and First Trust BuyWrite is 0.82 (i.e., Very poor diversification). The correlation of FT Vest 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.

FT Vest Correlation With Market

Poor diversification

The correlation between FT Vest Dow and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FT Vest Dow and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FT Vest Dow. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with FDND Etf

  0.91JEPI JPMorgan Equity PremiumPairCorr
  0.97XYLD Global X SPPairCorr
  0.89DIVO Amplify CWP EnhancedPairCorr
  0.96RYLD Global X RussellPairCorr
  0.98JEPQ JPMorgan Nasdaq EquityPairCorr
  0.95NUSI NEOS ETF TrustPairCorr
  0.81SIXH ETC 6 MeridianPairCorr
  0.94BUYW Main Buywrite ETFPairCorr
  0.94DSJA DSJAPairCorr
  0.92RSPY Tuttle Capital ManagementPairCorr
  0.93MEME Roundhill InvestmentsPairCorr
  0.71ITDD iShares TrustPairCorr
  0.9BTC Grayscale Bitcoin MiniPairCorr
  0.9INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.91BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.73HD Home DepotPairCorr
  0.76T ATT Inc Aggressive PushPairCorr
  0.84DIS Walt DisneyPairCorr
  0.96CSCO Cisco Systems Aggressive PushPairCorr
  0.91AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.94AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.83HPQ HP IncPairCorr
  0.78TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr

Moving against FDND Etf

  0.92MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.87JNJ Johnson Johnson Sell-off TrendPairCorr
  0.76BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.74PFE Pfizer Inc Aggressive PushPairCorr

Related Correlations Analysis

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