First Trust Correlations

FEM Etf

USD 22.43 0.09 0.40%

The current 90-days correlation between First Trust Emerging and First Trust Developed is 0.61 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Trust Emerging moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

First Trust Correlation With Market

Modest diversification

The correlation between First Trust Emerging and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Emerging 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 Emerging. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with First Etf

0.81	VWO	Vanguard FTSE Emerging	Pair Corr
0.88	IEMG	iShares Core MSCI	Pair Corr
0.85	EMC	Global X Funds	Pair Corr
0.87	EEM	iShares MSCI Emerging	Pair Corr
0.81	SPEM	SPDR Portfolio Emerging	Pair Corr
0.82	FNDE	Schwab Fundamental	Pair Corr
0.85	ESGE	iShares ESG Aware	Pair Corr
0.8	DGS	WisdomTree Emerging	Pair Corr
0.84	XSOE	WisdomTree Emerging	Pair Corr
0.64	EMXC	iShares MSCI Emerging	Pair Corr

Moving against First Etf

0.45	WTMF	WisdomTree Managed	Pair Corr
0.44	IAUF	IShares	Pair Corr
0.34	HUM	Humana Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.32	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr

Related Correlations Analysis

	FDT	FEMS	FEP	FTA	FYX
FDT		0.84	0.79	0.12	0.01	FDT
FEMS	0.84		0.65	0.05	-0.08	FEMS
FEP	0.79	0.65		-0.4	-0.46	FEP
FTA	0.12	0.05	-0.4		0.94	FTA
FYX	0.01	-0.08	-0.46	0.94		FYX
	FDT	FEMS	FEP	FTA	FYX

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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

FYX	+ 0.94	FTA
FEMS	+ 0.84	FDT
FEP	+ 0.79	FDT
FEP	+ 0.65	FEMS
FTA	+ 0.12	FDT
FTA	+ 0.05	FEMS

High negative correlations

FYX	- 0.46	FEP
FTA	- 0.4	FEP
FYX	- 0.08	FEMS

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
FDT	0.77	(0.09)	(0.13)	(0.01)	0.95	(0.85)	1.64	(1.40)	4.98
FEMS	0.77	(0.04)	(0.11)	0.00	1.02	(0.85)	1.83	(1.57)	6.00
FEP	0.74	(0.12)	0.00	(0.18)	0.00	0.00	1.60	(2.08)	4.52
FTA	0.60	0.00	(0.01)	0.13	0.43	(0.70)	1.15	(0.95)	4.47
FYX	0.96	0.02	0.08	0.13	0.80	(1.17)	2.31	(1.59)	7.90

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