First Trust Correlations

FDTS Etf

USD 41.97 0.01 0.02%

The current 90-days correlation between First Trust Developed and First Trust Asia is 0.69 (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

Very weak diversification

The correlation between First Trust Developed and DJI is 0.54 (i.e., Very 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

0.98	FNDC	Schwab Fundamental	Pair Corr
0.99	AVDV	Avantis International	Pair Corr
0.98	DLS	WisdomTree International	Pair Corr
0.99	PDN	Invesco FTSE RAFI	Pair Corr
0.97	DISV	Dimensional ETF Trust	Pair Corr
0.99	ISVL	iShares International	Pair Corr
0.96	DIM	WisdomTree International	Pair Corr
0.95	DDLS	WisdomTree Dynamic	Pair Corr
0.94	GVAL	Cambria Global Value	Pair Corr
0.85	FXY	Invesco CurrencyShares	Pair Corr
0.85	PMBS	PIMCO Mortgage Backed	Pair Corr
0.71	AMPD	Tidal Trust II	Pair Corr
0.93	GDXU	MicroSectors Gold Miners	Pair Corr
0.78	LIAE	Stone Ridge 2050 Low Volatility	Pair Corr
0.9	JMST	JPMorgan Ultra Short	Pair Corr
0.94	EEMX	SPDR MSCI Emerging	Pair Corr
0.86	SPIB	SPDR Barclays Interm	Pair Corr
0.72	MLPB	UBS AG London	Pair Corr
0.86	GHMS	Goose Hollow Multi	Pair Corr
0.93	BBEM	JP Morgan Exchange	Pair Corr
0.91	ACWV	iShares MSCI Global	Pair Corr

Moving against First Etf

0.76

WGMI

Valkyrie Bitcoin Miners

Pair Corr

Related Correlations Analysis

	FPA	FKU	FGM	FJP	FLN
FPA		0.81	0.75	0.71	0.86	FPA
FKU	0.81		0.87	0.89	0.89	FKU
FGM	0.75	0.87		0.94	0.89	FGM
FJP	0.71	0.89	0.94		0.89	FJP
FLN	0.86	0.89	0.89	0.89		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	0.91	0.08	0.08	0.09	1.25	(0.85)	1.68	(2.07)	5.33
FKU	0.70	0.13	0.14	0.12	0.87	(0.68)	1.58	(1.32)	4.90
FGM	1.11	0.34	0.27	0.47	1.07	(1.30)	2.41	(2.25)	9.78
FJP	0.85	0.15	0.15	0.18	1.02	(0.95)	1.82	(2.52)	5.32
FLN	0.92	0.20	0.19	0.31	0.96	(0.97)	2.34	(1.48)	5.09

Trending Assets

FPA

First Trust Asia

28.43 -0.6 -2.07

FLN

First Trust Latin

17.44 -0.2 -1.13

FJP

First Trust Japan

54.85 -1.57 -2.78

FGM

First Trust Germany

45.74 0.00 0.00

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