First Trust Correlations

FDTS Etf

USD 71.72 0.18 0.25%

The current 90-days correlation between First Trust Developed and American Century Quality is 0.78 (i.e., 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

Poor diversification

The correlation between First Trust Developed and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Developed 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 Developed. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with First Etf

0.99	FNDC	Schwab Fundamental	Pair Corr
0.99	AVDV	Avantis International	Pair Corr
0.99	DLS	WisdomTree International	Pair Corr
0.99	PDN	Invesco FTSE RAFI	Pair Corr
0.98	DISV	Dimensional ETF Trust	Pair Corr
0.97	ISVL	iShares International	Pair Corr
0.99	DIM	WisdomTree International	Pair Corr
0.98	DDLS	WisdomTree Dynamic	Pair Corr
0.99	FYLD	Cambria Foreign Shar	Pair Corr
0.99	CGV	Two Roads Shared	Pair Corr
0.84	INR	Infinity Natural Res	Pair Corr
0.85	BND	Vanguard Total Bond	Pair Corr
0.97	VTV	Vanguard Value Index	Pair Corr
0.88	VO	Vanguard Mid Cap	Pair Corr
0.99	VEA	Vanguard FTSE Developed Sell-off Trend	Pair Corr
0.89	VB	Vanguard Small Cap	Pair Corr
0.95	VLU	SPDR SP 1500	Pair Corr
0.94	DOGG	First Trust Exchange	Pair Corr
0.91	FOPC	Advisors Inner	Pair Corr
0.99	DWM	WisdomTree International	Pair Corr
0.96	HFMF	Unlimited HFMF Managed	Pair Corr
0.65	FPAS	FPA Short Duration	Pair Corr
0.81	BUYW	Main Buywrite ETF	Pair Corr
0.99	NTSI	WisdomTree International	Pair Corr
0.85	AAAA	Amplius Aggressive Asset	Pair Corr
0.81	HYP	Golden Eagle Dynamic	Pair Corr
0.91	KNGZ	First Trust Exchange	Pair Corr
0.95	HISF	First Trust High	Pair Corr
0.92	XFIX	Fm Investments Symbol Change	Pair Corr
0.94	FTCS	First Trust Capital	Pair Corr
0.94	FLMB	Franklin Liberty Federal	Pair Corr
0.86	AGG	iShares Core Aggregate	Pair Corr
0.91	FNX	First Trust Mid	Pair Corr
0.94	MBSF	Valued Advisers Trust	Pair Corr
0.94	CNAV	Mohr Company	Pair Corr
0.91	LALT	Invesco Multi Strategy	Pair Corr

Moving against First Etf

0.75

VUG

Vanguard Growth Index

Pair Corr

Related Correlations Analysis

	EPOL	EEMS	DBJP	EWJV	KBWD	EIS	NTSI	VFQY	KBWP	QINT
EPOL		0.91	0.86	0.87	0.46	0.95	0.92	0.81	0.0	0.96	EPOL
EEMS	0.91		0.94	0.94	0.28	0.88	0.98	0.65	-0.21	0.97	EEMS
DBJP	0.86	0.94		0.98	0.26	0.88	0.96	0.69	-0.16	0.95	DBJP
EWJV	0.87	0.94	0.98		0.22	0.87	0.97	0.66	-0.13	0.95	EWJV
KBWD	0.46	0.28	0.26	0.22		0.56	0.27	0.65	-0.35	0.35	KBWD
EIS	0.95	0.88	0.88	0.87	0.56		0.91	0.86	-0.14	0.94	EIS
NTSI	0.92	0.98	0.96	0.97	0.27	0.91		0.72	-0.12	0.99	NTSI
VFQY	0.81	0.65	0.69	0.66	0.65	0.86	0.72		0.06	0.78	VFQY
KBWP	0.0	-0.21	-0.16	-0.13	-0.35	-0.14	-0.12	0.06		-0.1	KBWP
QINT	0.96	0.97	0.95	0.95	0.35	0.94	0.99	0.78	-0.1		QINT
	EPOL	EEMS	DBJP	EWJV	KBWD	EIS	NTSI	VFQY	KBWP	QINT

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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

QINT	+ 0.99	NTSI
NTSI	+ 0.98	EEMS
EWJV	+ 0.98	DBJP
QINT	+ 0.97	EEMS
NTSI	+ 0.97	EWJV
QINT	+ 0.96	EPOL

High negative correlations

KBWP	- 0.35	KBWD
KBWP	- 0.21	EEMS
KBWP	- 0.16	DBJP
KBWP	- 0.14	EIS
KBWP	- 0.13	EWJV
KBWP	- 0.12	NTSI

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
EPOL	0.93	0.22	0.19	0.49	0.68	(1.16)	2.30	(1.68)	5.45
EEMS	0.54	0.18	0.22	0.49	0.24	(0.65)	1.22	(0.87)	2.83
DBJP	0.75	0.19	0.18	0.32	0.64	(0.86)	1.93	(1.49)	5.55
EWJV	0.74	0.26	0.26	0.52	0.53	(0.95)	1.92	(1.31)	6.19
KBWD	0.67	(0.04)	(0.07)	0.02	0.89	(0.74)	1.52	(1.78)	4.54
EIS	0.79	0.22	0.19	0.49	0.66	(0.91)	1.78	(1.56)	4.39
NTSI	0.56	0.15	0.16	0.32	0.43	(0.64)	1.28	(0.93)	3.11
VFQY	0.65	0.02	0.02	0.10	0.68	(0.66)	1.53	(1.44)	4.44
KBWP	0.72	0.01	(0.04)	0.13	1.04	(0.79)	1.54	(1.22)	6.68
QINT	0.54	0.18	0.19	0.34	0.35	(0.62)	1.34	(1.12)	3.87

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