Franklin FTSE Correlations

FLQA Etf

24.61 0.17 0.70%

The current 90-days correlation between Franklin FTSE Asia and Franklin LibertyQ Global is -0.05 (i.e., Good diversification). The correlation of Franklin FTSE 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.

Franklin FTSE Correlation With Market

Average diversification

The correlation between Franklin FTSE Asia and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin FTSE Asia and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Franklin FTSE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Franklin FTSE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Franklin FTSE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Franklin FTSE Asia to buy it.

Moving together with Franklin Etf

0.67

3UBE

Leverage Shares 3x

Pair Corr

Moving against Franklin Etf

0.82	SGBP	WisdomTree Short GBP	Pair Corr
0.7	3PLT	Leverage Shares 3x	Pair Corr
0.67	3CON	Leverage Shares 3x	Pair Corr
0.62	FINX	Global X FinTech	Pair Corr
0.61	3ARE	Leverage Shares 3x	Pair Corr
0.46	3SME	GraniteShares 3x Short	Pair Corr
0.31	RBOT	iShares Automation	Pair Corr

Related Correlations Analysis

	FLXX	EMPR	FLQA	FLXB	FRQX	FLXU	FRXT	PABE	FRUC
FLXX		0.62	0.05	-0.44	0.48	0.51	0.62	0.39	0.25	FLXX
EMPR	0.62		0.35	-0.24	0.76	0.37	0.69	0.83	-0.16	EMPR
FLQA	0.05	0.35		0.65	0.72	-0.54	-0.1	0.78	-0.74	FLQA
FLXB	-0.44	-0.24	0.65		0.07	-0.83	-0.71	0.26	-0.54	FLXB
FRQX	0.48	0.76	0.72	0.07		0.12	0.53	0.81	-0.31	FRQX
FLXU	0.51	0.37	-0.54	-0.83	0.12		0.69	-0.14	0.69	FLXU
FRXT	0.62	0.69	-0.1	-0.71	0.53	0.69		0.31	0.13	FRXT
PABE	0.39	0.83	0.78	0.26	0.81	-0.14	0.31		-0.57	PABE
FRUC	0.25	-0.16	-0.74	-0.54	-0.31	0.69	0.13	-0.57		FRUC
	FLXX	EMPR	FLQA	FLXB	FRQX	FLXU	FRXT	PABE	FRUC

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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

PABE	+ 0.83	EMPR
PABE	+ 0.81	FRQX
PABE	+ 0.78	FLQA
FRQX	+ 0.76	EMPR
FRQX	+ 0.72	FLQA
FRXT	+ 0.69	EMPR

High negative correlations

FLXU	- 0.83	FLXB
FRUC	- 0.74	FLQA
FRXT	- 0.71	FLXB
FRUC	- 0.57	PABE
FRUC	- 0.54	FLXB
FLXU	- 0.54	FLQA

Franklin FTSE Constituents Risk-Adjusted Indicators

There is a big difference between Franklin Etf performing well and Franklin FTSE 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 Franklin FTSE'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
FLXX	3.06	1.72	2.79	(1.79)	0.00	(3.90)	0.83	(0.76)	101.69
EMPR	0.61	0.03	(0.13)	8.72	0.66	(0.73)	1.07	(1.07)	4.04
FLQA	0.67	(0.08)	0.00	(0.50)	0.00	0.00	1.41	(1.37)	4.77
FLXB	0.89	(0.23)	0.00	(1.12)	0.00	0.00	1.92	(2.64)	7.58
FRQX	0.53	(0.02)	0.00	(0.19)	0.00	0.00	1.22	(1.08)	4.22
FLXU	0.53	0.08	(0.03)	0.47	0.32	(0.64)	1.07	(0.82)	3.83
FRXT	1.03	0.05	(0.05)	2.16	1.21	(1.16)	1.97	(2.00)	6.19
PABE	0.72	(0.02)	0.00	(0.91)	0.00	0.00	1.53	(1.44)	4.51
FRUC	0.35	0.04	(0.19)	1.12	0.33	(0.39)	0.91	(0.63)	2.04

Be your own money manager

Our tools can tell you how much better you can do entering a position in Franklin FTSE without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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