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
0.66	TOT	Advisor Managed Port	Pair Corr
0.66	LUX	Tema Global	Pair Corr
0.9	FB	ProShares Trust ProShares	Pair Corr
0.82	SWP	SWP Growth Income	Pair Corr
0.85	DUKH	Ocean Park High	Pair Corr
0.75	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.77	DPST	Direxion Daily Regional	Pair Corr
0.96	JAAA	Janus Detroit Street	Pair Corr
0.76	DVY	iShares Select Dividend	Pair Corr
0.84	SCYB	Schwab Strategic Trust	Pair Corr
0.86	AGQ	ProShares Ultra Silver Downward Rally	Pair Corr
0.73	FDV	First Trust Capital	Pair Corr
0.79	VDE	Vanguard Energy Index	Pair Corr
0.86	PDBC	Invesco Optimum Yield	Pair Corr
0.86	EVIM	Morgan Stanley ETF	Pair Corr
0.75	XLB	Materials Select Sector	Pair Corr
0.79	IXUS	iShares Core MSCI	Pair Corr
0.65	JEPY	Defiance SP 500	Pair Corr
0.64	GRIN	VictoryShares International	Pair Corr
0.86	MGV	Vanguard Mega Cap	Pair Corr
0.82	FIAT	YieldMax Short N	Pair Corr
0.94	SOF	Amplify Samsung SOFR	Pair Corr
0.87	SLV	iShares Silver Trust Aggressive Push	Pair Corr
0.76	LRCU	Tradr 2X Long Low Volatility	Pair Corr
0.87	BINC	BlackRock ETF Trust Sell-off Trend	Pair Corr
0.8	INR	Infinity Natural Res	Pair Corr

Related Correlations Analysis

	EMBD	BSMS	BSMP	XCCC	UTEN	BSMT	JMHI	BKGI	AVSD	JUCY
EMBD		0.74	0.85	0.71	0.0	0.72	0.57	0.72	0.78	0.88	EMBD
BSMS	0.74		0.85	0.68	-0.02	0.97	0.64	0.8	0.85	0.87	BSMS
BSMP	0.85	0.85		0.58	-0.19	0.81	0.46	0.78	0.76	0.9	BSMP
XCCC	0.71	0.68	0.58		0.12	0.75	0.65	0.56	0.89	0.69	XCCC
UTEN	0.0	-0.02	-0.19	0.12		-0.01	0.4	-0.02	-0.05	-0.09	UTEN
BSMT	0.72	0.97	0.81	0.75	-0.01		0.68	0.79	0.89	0.85	BSMT
JMHI	0.57	0.64	0.46	0.65	0.4	0.68		0.67	0.61	0.61	JMHI
BKGI	0.72	0.8	0.78	0.56	-0.02	0.79	0.67		0.74	0.81	BKGI
AVSD	0.78	0.85	0.76	0.89	-0.05	0.89	0.61	0.74		0.86	AVSD
JUCY	0.88	0.87	0.9	0.69	-0.09	0.85	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	+ 0.9	BSMP
AVSD	+ 0.89	XCCC
AVSD	+ 0.89	BSMT
JUCY	+ 0.88	EMBD
JUCY	+ 0.87	BSMS

High negative correlations

UTEN	- 0.19	BSMP
JUCY	- 0.09	UTEN
AVSD	- 0.05	UTEN
BKGI	- 0.02	UTEN
UTEN	- 0.02	BSMS
BSMT	- 0.01	UTEN

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	0.00	(0.66)	0.13	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	0.20	(0.01)	(0.33)	(0.09)	0.27	(0.20)	0.36	(0.38)	1.17
BSMT	0.08	0.00	(0.75)	0.18	0.00	(0.10)	0.17	(0.13)	0.48
JMHI	0.09	0.01	(0.58)	0.21	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	0.16	0.02	(0.31)	3.86	0.07	(0.19)	0.41	(0.32)	1.10

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