First Trust Correlations

FEM Etf

USD 28.38 0.35 1.25%

The current 90-days correlation between First Trust Emerging and First Trust Mid is 0.59 (i.e., Very weak 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

Very weak diversification

The correlation between First Trust Emerging and DJI is 0.57 (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 Emerging 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 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 manufacturing.

Moving together with First Etf

0.65	VWO	Vanguard FTSE Emerging	Pair Corr
0.63	IEMG	iShares Core MSCI	Pair Corr
0.64	EEM	iShares MSCI Emerging	Pair Corr
0.66	SPEM	SPDR Portfolio Emerging	Pair Corr
0.65	ESGE	iShares ESG Aware	Pair Corr
0.88	SFGRX	Seafarer Overseas	Pair Corr
0.75	DGS	WisdomTree Emerging	Pair Corr
0.62	XSOE	WisdomTree Emerging	Pair Corr
0.66	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr

Moving against First Etf

0.33

HPQ

HP Inc

Pair Corr

Related Correlations Analysis

	FNY	FEP	FEMS	FDT	FYC	DWX	FYLD	IEO	DTH	DWLD
FNY		0.55	0.61	0.41	0.81	0.29	0.28	-0.18	0.32	0.58	FNY
FEP	0.55		0.62	0.93	0.81	0.88	0.79	0.06	0.93	0.85	FEP
FEMS	0.61	0.62		0.52	0.49	0.46	0.69	0.3	0.47	0.81	FEMS
FDT	0.41	0.93	0.52		0.8	0.9	0.79	0.26	0.97	0.77	FDT
FYC	0.81	0.81	0.49	0.8		0.68	0.53	0.0	0.74	0.67	FYC
DWX	0.29	0.88	0.46	0.9	0.68		0.76	0.17	0.93	0.71	DWX
FYLD	0.28	0.79	0.69	0.79	0.53	0.76		0.49	0.83	0.89	FYLD
IEO	-0.18	0.06	0.3	0.26	0.0	0.17	0.49		0.25	0.25	IEO
DTH	0.32	0.93	0.47	0.97	0.74	0.93	0.83	0.25		0.76	DTH
DWLD	0.58	0.85	0.81	0.77	0.67	0.71	0.89	0.25	0.76		DWLD
	FNY	FEP	FEMS	FDT	FYC	DWX	FYLD	IEO	DTH	DWLD

Please upgrade your account to get full access to Macroaxis premium features

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

DTH	+ 0.97	FDT
FDT	+ 0.93	FEP
DTH	+ 0.93	FEP
DTH	+ 0.93	DWX
DWX	+ 0.9	FDT
DWLD	+ 0.89	FYLD

High negative correlations

IEO	- 0.18	FNY
IEO	- 0.0	FYC

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
FNY	1.14	(0.05)	(0.01)	0.03	1.38	(1.16)	1.94	(2.29)	6.47
FEP	0.61	0.06	0.04	0.14	0.66	(0.63)	1.40	(1.41)	2.87
FEMS	0.65	(0.04)	(0.07)	0.00	0.93	(0.64)	1.33	(1.53)	3.56
FDT	0.67	0.07	0.05	0.15	0.87	(0.62)	1.35	(1.61)	3.39
FYC	1.20	0.03	0.04	0.08	1.33	(1.38)	2.34	(2.27)	6.10
DWX	0.42	0.05	(0.01)	0.33	0.47	(0.42)	0.73	(0.93)	2.63
FYLD	0.55	0.06	0.04	0.19	0.67	(0.58)	1.04	(0.95)	2.66
IEO	1.19	(0.09)	0.00	(0.08)	0.00	0.00	2.17	(2.15)	7.00
DTH	0.47	0.04	0.02	0.14	0.45	(0.52)	0.99	(0.87)	2.10
DWLD	0.71	0.05	0.05	0.12	0.95	(0.69)	1.44	(1.54)	4.16

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC