First Trust Correlations

FEMB Etf

USD 29.99 0.08 0.27%

The current 90-days correlation between First Trust Emerging and Global X Emerging is 0.12 (i.e., Average 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.

First Trust Correlation With Market

Average diversification

The correlation between First Trust Emerging and DJI is 0.1 (i.e., Average 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 board of governors.

Moving together with First Etf

0.97	LEMB	iShares JP Morgan	Pair Corr
0.94	CEW	WisdomTree Emerging	Pair Corr
0.82	CPST	Calamos ETF Trust	Pair Corr
0.74	ITDD	iShares Trust	Pair Corr
0.84	DGRO	iShares Core Dividend	Pair Corr
0.86	AGQ	ProShares Ultra Silver Downward Rally	Pair Corr
0.64	RJMG	First Trust Exchange	Pair Corr
0.85	SCHF	Schwab International	Pair Corr
0.65	RYLG	Global X Russell	Pair Corr
0.79	SGOL	abrdn Physical Gold	Pair Corr
0.87	VSDB	Vanguard Short Duration	Pair Corr
0.72	MDYG	SPDR SP 400	Pair Corr
0.91	ISRA	VanEck Israel ETF	Pair Corr
0.76	GPIX	Goldman Sachs SP	Pair Corr
0.89	ZTWO	Fm 2 Year	Pair Corr
0.87	SLV	iShares Silver Trust Aggressive Push	Pair Corr
0.76	VT	Vanguard Total World	Pair Corr
0.92	SEA	US Global Sea	Pair Corr
0.77	XSLV	Invesco SP SmallCap	Pair Corr
0.64	RBUF	Innovator Small Cap	Pair Corr
0.84	CPSA	Calamos SP 500	Pair Corr
0.66	KFEB	Innovator Small Cap	Pair Corr
0.72	VAW	Vanguard Materials Index	Pair Corr
0.74	INTL	Main International ETF	Pair Corr
0.83	SPUT	Innovator ETFs Trust	Pair Corr
0.9	NEAR	iShares Short Maturity	Pair Corr
0.74	DUKX	Ocean Park International	Pair Corr
0.86	VTV	Vanguard Value Index Sell-off Trend	Pair Corr
0.68	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.84	JEPI	JPMorgan Equity Premium Sell-off Trend	Pair Corr
0.89	SPLG	SSgA Symbol Change	Pair Corr

Moving against First Etf

0.78	MPAY	Exchange Traded Concepts	Pair Corr
0.38	ELON	Battleshares TSLA	Pair Corr

Related Correlations Analysis

	EMBD	BSMS	BSMP	XCCC	UTEN	BSMT	JMHI	BKGI	AVSD	JUCY
EMBD		0.76	0.85	0.71	-0.07	0.72	0.55	0.72	0.78	0.88	EMBD
BSMS	0.76		0.88	0.68	-0.06	0.97	0.67	0.83	0.85	0.88	BSMS
BSMP	0.85	0.88		0.58	-0.23	0.83	0.47	0.78	0.76	0.91	BSMP
XCCC	0.71	0.68	0.58		0.08	0.74	0.68	0.56	0.89	0.72	XCCC
UTEN	-0.07	-0.06	-0.23	0.08		-0.05	0.34	-0.12	-0.12	-0.13	UTEN
BSMT	0.72	0.97	0.83	0.74	-0.05		0.7	0.8	0.88	0.86	BSMT
JMHI	0.55	0.67	0.47	0.68	0.34	0.7		0.65	0.61	0.61	JMHI
BKGI	0.72	0.83	0.78	0.56	-0.12	0.8	0.65		0.74	0.81	BKGI
AVSD	0.78	0.85	0.76	0.89	-0.12	0.88	0.61	0.74		0.86	AVSD
JUCY	0.88	0.88	0.91	0.72	-0.13	0.86	0.61	0.81	0.86		JUCY
	EMBD	BSMS	BSMP	XCCC	UTEN	BSMT	JMHI	BKGI	AVSD	JUCY

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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

BSMT	+ 0.97	BSMS
JUCY	+ 0.91	BSMP
AVSD	+ 0.89	XCCC
JUCY	+ 0.88	EMBD
BSMP	+ 0.88	BSMS
JUCY	+ 0.88	BSMS

High negative correlations

UTEN	- 0.23	BSMP
JUCY	- 0.13	UTEN
AVSD	- 0.12	UTEN
BKGI	- 0.12	UTEN
UTEN	- 0.07	EMBD
UTEN	- 0.06	BSMS

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
EMBD	0.26	0.01	(0.18)	0.20	0.27	(0.29)	0.63	(0.46)	1.80
BSMS	0.06	0.01	(0.64)	1.11	0.00	(0.07)	0.13	(0.09)	0.47
BSMP	0.03	0.00	(1.63)	0.42	0.00	(0.05)	0.08	(0.08)	0.20
XCCC	0.20	(0.01)	(0.26)	0.06	0.21	(0.21)	0.46	(0.45)	1.35
UTEN	0.21	(0.02)	0.00	(0.27)	0.00	0.00	0.36	(0.41)	1.17
BSMT	0.08	0.01	(0.74)	1.10	0.00	(0.10)	0.17	(0.13)	0.48
JMHI	0.10	0.01	(0.60)	0.37	0.00	(0.10)	0.18	(0.18)	0.52
BKGI	0.41	0.08	0.00	0.56	0.28	(0.49)	1.02	(0.76)	2.59
AVSD	0.53	0.05	0.04	0.15	0.50	(0.55)	1.19	(1.17)	2.74
JUCY	0.15	0.02	(0.33)	0.28	0.00	(0.19)	0.41	(0.27)	1.10

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