First Trust Correlations

FEMB Etf

USD 30.55 0.24 0.78%

The current 90-days correlation between First Trust Emerging and ETF Series Solutions is 0.02 (i.e., Significant 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

Poor diversification

The correlation between First Trust Emerging and DJI is 0.77 (i.e., Poor 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 state.

Moving together with First Etf

0.99	LEMB	iShares JP Morgan	Pair Corr
0.98	CEW	WisdomTree Emerging	Pair Corr
0.8	ITWO	Proshares Russell 2000	Pair Corr
0.7	AMPD	Tidal ETF Services	Pair Corr
0.87	CPST	Calamos ETF Trust	Pair Corr
0.96	JEPI	JPMorgan Equity Premium	Pair Corr
0.69	PSMO	Pacer Swan SOS	Pair Corr
0.93	VT	Vanguard Total World	Pair Corr
0.87	VIG	Vanguard Dividend	Pair Corr
0.94	SCDV	ETF Series Solutions	Pair Corr
0.93	EZJ	ProShares Ultra MSCI	Pair Corr
0.95	TAXE	Intermediate Municipal	Pair Corr
0.9	FFEB	FT Cboe Vest	Pair Corr
0.9	MAYW	AIM ETF Products	Pair Corr
0.89	EMB	iShares JP Morgan	Pair Corr
0.8	ECH	iShares MSCI Chile	Pair Corr
0.69	JETS	US Global Jets	Pair Corr
0.9	GAPR	First Trust Exchange	Pair Corr
0.95	VDE	Vanguard Energy Index	Pair Corr
0.76	QAT	iShares MSCI Qatar	Pair Corr
0.9	EMSF	Matthews Emerging Markets	Pair Corr
0.72	ITDH	iShares Trust	Pair Corr
0.66	VBK	Vanguard Small Cap	Pair Corr
0.92	FBOT	Fidelity Disruptive	Pair Corr
0.92	DXJS	WisdomTree Japan Hedged Symbol Change	Pair Corr
0.84	JMTG	JP Morgan Exchange	Pair Corr
0.93	IAU	iShares Gold Trust	Pair Corr
0.67	RSPN	Invesco SP 500	Pair Corr
0.8	XAR	SPDR SP Aerospace	Pair Corr
0.99	GAA	Cambria Global Asset	Pair Corr
0.98	FNDC	Schwab Fundamental	Pair Corr
0.95	FDV	First Trust Capital	Pair Corr

Moving against First Etf

0.79

MPAY

Exchange Traded Concepts

Pair Corr

Related Correlations Analysis

	EMBD	BSMS	BSMP	XCCC	UTEN	BSMT	JMHI	BKGI	AVSD	JUCY
EMBD		0.69	0.85	-0.11	0.63	0.92	0.89	0.94	0.93	0.93	EMBD
BSMS	0.69		0.66	-0.17	0.56	0.75	0.83	0.78	0.67	0.68	BSMS
BSMP	0.85	0.66		0.21	0.27	0.94	0.8	0.82	0.95	0.89	BSMP
XCCC	-0.11	-0.17	0.21		-0.56	0.06	-0.18	-0.24	0.1	0.03	XCCC
UTEN	0.63	0.56	0.27	-0.56		0.46	0.69	0.68	0.41	0.55	UTEN
BSMT	0.92	0.75	0.94	0.06	0.46		0.92	0.93	0.98	0.94	BSMT
JMHI	0.89	0.83	0.8	-0.18	0.69	0.92		0.95	0.87	0.88	JMHI
BKGI	0.94	0.78	0.82	-0.24	0.68	0.93	0.95		0.91	0.9	BKGI
AVSD	0.93	0.67	0.95	0.1	0.41	0.98	0.87	0.91		0.95	AVSD
JUCY	0.93	0.68	0.89	0.03	0.55	0.94	0.88	0.9	0.95		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

AVSD	+ 0.98	BSMT
AVSD	+ 0.95	BSMP
BKGI	+ 0.95	JMHI
JUCY	+ 0.95	AVSD
BKGI	+ 0.94	EMBD
BSMT	+ 0.94	BSMP

High negative correlations

UTEN	- 0.56	XCCC
BKGI	- 0.24	XCCC
JMHI	- 0.18	XCCC
XCCC	- 0.17	BSMS
XCCC	- 0.11	EMBD

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	0.22	0.03	(0.13)	(1.36)	0.13	(0.25)	0.42	(0.41)	1.27
BSMS	0.05	0.00	(0.82)	0.00	0.00	(0.07)	0.13	(0.04)	0.26
BSMP	0.03	0.00	(1.29)	0.00	0.00	(0.05)	0.08	(0.08)	0.20
XCCC	0.18	(0.01)	0.00	(0.28)	0.00	0.00	0.35	(0.37)	1.03
UTEN	0.21	0.01	(0.21)	0.24	0.16	(0.25)	0.43	(0.36)	0.95
BSMT	0.06	0.02	(0.62)	(2.58)	0.00	(0.09)	0.13	(0.09)	0.43
JMHI	0.09	0.02	(0.35)	2.13	0.00	(0.10)	0.26	(0.18)	0.66
BKGI	0.50	0.20	0.30	0.96	0.00	(0.63)	1.34	(0.76)	2.76
AVSD	0.51	0.23	0.20	(1.44)	0.34	(0.57)	1.24	(0.94)	3.18
JUCY	0.14	0.02	(0.27)	3.79	0.00	(0.17)	0.28	(0.27)	0.82

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