First Trust Correlations

FEP Etf

USD 58.43 0.39 0.67%

The current 90-days correlation between First Trust Europe and VictoryShares Small Cap is -0.18 (i.e., Good 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

Almost no diversification

The correlation between First Trust Europe and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Europe 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 Europe. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in discontinued.

Moving together with First Etf

0.98	VGK	Vanguard FTSE Europe	Pair Corr
0.97	EZU	iShares MSCI Eurozone	Pair Corr
0.98	BBEU	JPMorgan BetaBuilders	Pair Corr
0.98	IEUR	iShares Core MSCI	Pair Corr
0.96	FEZ	SPDR EURO STOXX	Pair Corr
0.98	IEV	iShares Europe ETF	Pair Corr
0.92	HEDJ	WisdomTree Europe Hedged	Pair Corr
0.93	EUFN	iShares MSCI Europe	Pair Corr
0.96	DBEU	Xtrackers MSCI Europe	Pair Corr
0.95	HEZU	iShares Currency Hedged	Pair Corr
0.63	USD	ProShares Ultra Semi	Pair Corr
0.86	JNUG	Direxion Daily Junior	Pair Corr
0.8	GDXU	MicroSectors Gold Miners	Pair Corr
0.87	NUGT	Direxion Daily Gold	Pair Corr
0.91	GDMN	WisdomTree Efficient Gold	Pair Corr
0.92	DGP	DB Gold Double	Pair Corr
0.79	DOGG	First Trust Exchange	Pair Corr
0.93	SPVM	Invesco SP 500	Pair Corr
0.92	LVHI	Franklin International	Pair Corr
0.94	UMAY	Innovator ETFs Trust	Pair Corr
0.87	JANW	AIM ETF Products	Pair Corr
0.94	ESML	iShares ESG Aware	Pair Corr
0.92	GAPR	First Trust Exchange	Pair Corr
0.95	TAXT	Northern Trust Tax	Pair Corr
0.97	CCNR	CoreCommodity Natural	Pair Corr
0.9	SCDV	ETF Series Solutions	Pair Corr
0.9	WDNA	WisdomTree BioRevolution Low Volatility	Pair Corr
0.93	BMVP	Invesco Bloomberg MVP	Pair Corr
0.97	GENW	Spinnaker ETF Series	Pair Corr
0.96	NBCE	Neuberger Berman ETF	Pair Corr
0.96	FPXE	First Trust IPOX	Pair Corr
0.91	TLCI	Touchstone ETF Trust	Pair Corr
0.93	EMES	Harbor ETF Trust	Pair Corr
0.84	PSFD	Pacer Swan SOS	Pair Corr
0.94	EWT	iShares MSCI Taiwan	Pair Corr
0.94	PFF	iShares Preferred	Pair Corr

Related Correlations Analysis

	FEMS	FXD	FAD	FCG	FJP	FEM	FXN	DGRS	CDL	SFLO
FEMS		0.66	0.78	0.7	0.87	0.98	0.87	0.91	0.91	0.62	FEMS
FXD	0.66		0.92	0.23	0.58	0.66	0.47	0.8	0.58	0.92	FXD
FAD	0.78	0.92		0.32	0.59	0.77	0.54	0.79	0.6	0.92	FAD
FCG	0.7	0.23	0.32		0.81	0.68	0.94	0.7	0.83	0.31	FCG
FJP	0.87	0.58	0.59	0.81		0.88	0.93	0.91	0.97	0.5	FJP
FEM	0.98	0.66	0.77	0.68	0.88		0.86	0.9	0.91	0.59	FEM
FXN	0.87	0.47	0.54	0.94	0.93	0.86		0.88	0.96	0.48	FXN
DGRS	0.91	0.8	0.79	0.7	0.91	0.9	0.88		0.94	0.74	DGRS
CDL	0.91	0.58	0.6	0.83	0.97	0.91	0.96	0.94		0.5	CDL
SFLO	0.62	0.92	0.92	0.31	0.5	0.59	0.48	0.74	0.5		SFLO
	FEMS	FXD	FAD	FCG	FJP	FEM	FXN	DGRS	CDL	SFLO

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

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
FEMS	0.62	0.15	0.17	0.36	0.42	(0.73)	1.59	(0.99)	3.62
FXD	0.92	0.03	0.05	0.08	0.92	(1.05)	2.05	(1.67)	5.66
FAD	0.88	0.05	0.05	0.10	0.92	(0.94)	1.61	(1.83)	5.54
FCG	1.36	0.21	0.10	0.70	1.54	(1.40)	2.75	(2.44)	6.65
FJP	0.87	0.25	0.25	0.39	0.59	(0.98)	2.29	(1.39)	4.38
FEM	0.75	0.14	0.11	0.26	0.81	(0.80)	1.54	(1.26)	5.07
FXN	1.24	0.27	0.16	0.63	1.17	(1.30)	2.76	(2.05)	6.12
DGRS	0.82	0.17	0.23	0.21	0.47	(1.12)	2.54	(1.28)	5.12
CDL	0.50	0.14	0.19	0.41	0.23	(0.59)	1.21	(0.89)	2.59
SFLO	0.75	0.03	0.04	0.08	0.77	(0.89)	2.06	(1.62)	5.75

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

First Trust Correlations

First Trust Correlation With Market

Almost no diversification

Moving together with First Etf

Related Correlations Analysis

First Trust Constituents Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY