First Trust Correlations

FEMS Etf

USD 45.05 0.45 0.99%

The current 90-days correlation between First Trust Emerging and Invesco SP SmallCap is 0.08 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

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 industry.

Moving together with First Etf

0.93	VWO	Vanguard FTSE Emerging	Pair Corr
0.95	IEMG	iShares Core MSCI	Pair Corr
0.92	EMC	Global X Funds	Pair Corr
0.94	EEM	iShares MSCI Emerging	Pair Corr
0.94	SPEM	SPDR Portfolio Emerging	Pair Corr
0.8	FNDE	Schwab Fundamental	Pair Corr
0.96	ESGE	iShares ESG Aware	Pair Corr
0.75	SFGRX	Seafarer Overseas	Pair Corr
0.97	DGS	WisdomTree Emerging	Pair Corr
0.93	XSOE	WisdomTree Emerging	Pair Corr
0.82	CPST	Calamos ETF Trust	Pair Corr
0.91	ITDD	iShares Trust	Pair Corr
0.87	BINC	BlackRock ETF Trust	Pair Corr
0.82	RDIV	Invesco SP Ultra	Pair Corr
0.86	VBK	Vanguard Small Cap	Pair Corr
0.79	AHYB	American Century ETF	Pair Corr
0.9	BA	Boeing	Pair Corr
0.67	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.87	INTC	Intel	Pair Corr
0.79	JNJ	Johnson Johnson	Pair Corr
0.9	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.74	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.71	MRK	Merck Company Aggressive Push	Pair Corr

Moving against First Etf

0.68	MPAY	Exchange Traded Concepts	Pair Corr
0.84	HPQ	HP Inc	Pair Corr
0.69	MSFT	Microsoft	Pair Corr
0.45	MMM	3M Company	Pair Corr

Related Correlations Analysis

	FXN	FEP	FJP	FXG	UIVM	RFV	FNK	TLTE	DINT	XSHQ
FXN		0.78	0.42	0.85	0.83	0.83	0.4	0.81	0.56	0.41	FXN
FEP	0.78		0.55	0.71	0.99	0.88	0.62	0.9	0.92	0.69	FEP
FJP	0.42	0.55		0.55	0.56	0.5	0.92	0.68	0.56	0.81	FJP
FXG	0.85	0.71	0.55		0.78	0.75	0.5	0.81	0.49	0.5	FXG
UIVM	0.83	0.99	0.56	0.78		0.9	0.6	0.92	0.88	0.66	UIVM
RFV	0.83	0.88	0.5	0.75	0.9		0.62	0.75	0.74	0.72	RFV
FNK	0.4	0.62	0.92	0.5	0.6	0.62		0.63	0.64	0.96	FNK
TLTE	0.81	0.9	0.68	0.81	0.92	0.75	0.63		0.82	0.61	TLTE
DINT	0.56	0.92	0.56	0.49	0.88	0.74	0.64	0.82		0.71	DINT
XSHQ	0.41	0.69	0.81	0.5	0.66	0.72	0.96	0.61	0.71		XSHQ
	FXN	FEP	FJP	FXG	UIVM	RFV	FNK	TLTE	DINT	XSHQ

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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
FXN	1.17	0.25	0.15	0.84	1.16	(1.21)	2.76	(1.99)	6.12
FEP	0.62	0.14	0.14	0.23	0.67	(0.65)	1.46	(1.42)	3.30
FJP	0.79	0.16	0.15	0.25	0.70	(0.85)	1.97	(1.39)	4.38
FXG	0.62	0.13	0.14	0.57	0.53	(0.71)	1.35	(1.01)	3.36
UIVM	0.55	0.17	0.21	0.30	0.43	(0.60)	1.38	(1.13)	2.83
RFV	0.85	0.11	0.11	0.14	0.80	(0.95)	2.46	(1.64)	4.85
FNK	0.72	0.18	0.24	0.26	0.46	(0.96)	2.35	(1.11)	4.13
TLTE	0.61	0.13	0.13	1.05	0.55	(0.65)	1.70	(1.12)	3.43
DINT	0.76	0.01	0.00	0.04	0.99	(0.76)	1.46	(1.75)	4.41
XSHQ	0.76	0.06	0.07	0.09	0.77	(0.90)	2.15	(1.18)	4.71

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