First Trust Correlations

FDTS Etf

USD 40.74 0.01 0.02%

The current 90-days correlation between First Trust Developed and First Trust Asia is 0.77 (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

Weak diversification

The correlation between First Trust Developed and DJI is 0.38 (i.e., Weak 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.

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 estimate.

Moving together with First Etf

0.96	FNDC	Schwab Fundamental	Pair Corr
0.98	AVDV	Avantis International	Pair Corr
0.96	DLS	WisdomTree International	Pair Corr
0.95	PDN	Invesco FTSE RAFI	Pair Corr
0.96	DISV	Dimensional ETF Trust	Pair Corr
0.96	ISVL	iShares International	Pair Corr
0.94	DIM	WisdomTree International	Pair Corr
0.97	DDLS	WisdomTree Dynamic	Pair Corr
0.79	GVAL	Cambria Global Value	Pair Corr
0.72	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.64	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.73	KO	Coca Cola Aggressive Push	Pair Corr

Moving against First Etf

0.61	MSTY	YieldMax MSTR Option	Pair Corr
0.6	BTC	Grayscale Bitcoin Mini	Pair Corr
0.59	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.5	DISO	Tidal Trust II	Pair Corr
0.41	FNGU	MicroSectors FANG Index	Pair Corr
0.41	FNGO	MicroSectors FANG Index	Pair Corr
0.41	FNGS	MicroSectors FANG ETN	Pair Corr
0.66	BAC	Bank of America Aggressive Push	Pair Corr
0.57	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.5	DIS	Walt Disney	Pair Corr
0.43	T	ATT Inc Aggressive Push	Pair Corr
0.43	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.33	DIVG	Invesco Exchange Traded	Pair Corr

Related Correlations Analysis

	FPA	FKU	FGM	FJP	FLN
FPA		0.65	0.86	0.41	0.2	FPA
FKU	0.65		0.7	0.57	0.74	FKU
FGM	0.86	0.7		0.42	0.26	FGM
FJP	0.41	0.57	0.42		0.59	FJP
FLN	0.2	0.74	0.26	0.59		FLN
	FPA	FKU	FGM	FJP	FLN

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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
FPA	1.06	(0.04)	(0.06)	0.04	1.25	(1.09)	2.57	(2.11)	5.93
FKU	0.79	(0.10)	0.00	(0.07)	0.00	0.00	1.64	(1.76)	4.47
FGM	0.87	(0.04)	0.00	(0.05)	0.00	0.00	1.58	(1.95)	4.90
FJP	1.17	(0.09)	0.00	(0.04)	0.00	0.00	2.15	(2.48)	7.07
FLN	0.87	(0.22)	0.00	(0.36)	0.00	0.00	2.06	(2.11)	4.88

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