Franklin FTSE Correlations

FLTW Etf

USD 48.48 0.52 1.08%

The current 90-days correlation between Franklin FTSE Taiwan and iShares MSCI Singapore is 0.59 (i.e., Very weak 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

Weak diversification

The correlation between Franklin FTSE Taiwan and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin FTSE Taiwan and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin FTSE Taiwan. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Franklin Etf

0.67	FXI	iShares China Large	Pair Corr
0.99	EWT	iShares MSCI Taiwan	Pair Corr
0.62	GXC	SPDR SP China Potential Growth	Pair Corr
0.61	CQQQ	Invesco China Technology	Pair Corr
0.65	EWC	iShares MSCI Canada	Pair Corr
0.8	BST	BlackRock Science Tech	Pair Corr
0.63	HD	Home Depot	Pair Corr
0.77	HPQ	HP Inc	Pair Corr
0.72	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.68	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.75	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.78	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Moving against Franklin Etf

0.6

HUM

Humana Inc Fiscal Year End 23rd of January 2025

Pair Corr

Related Correlations Analysis

	EWS	EWT	EWM	EWA	EWY
EWS		0.38	0.03	0.53	-0.5	EWS
EWT	0.38		0.04	0.36	-0.02	EWT
EWM	0.03	0.04		0.72	0.73	EWM
EWA	0.53	0.36	0.72		0.41	EWA
EWY	-0.5	-0.02	0.73	0.41		EWY
	EWS	EWT	EWM	EWA	EWY

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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

EWY	+ 0.73	EWM
EWA	+ 0.72	EWM
EWA	+ 0.53	EWS
EWY	+ 0.41	EWA
EWT	+ 0.38	EWS
EWA	+ 0.36	EWT

High negative correlations

EWY	- 0.5	EWS
EWY	- 0.02	EWT

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
EWS	0.62	0.14	0.08	0.54	0.43	(0.70)	1.97	(1.01)	3.86
EWT	1.08	(0.04)	(0.06)	0.06	1.34	(1.10)	2.70	(2.20)	6.85
EWM	0.67	(0.08)	0.00	(0.18)	0.00	0.00	1.42	(1.31)	3.50
EWA	0.78	(0.01)	(0.07)	0.10	0.81	(0.89)	2.00	(1.64)	4.96
EWY	1.15	(0.24)	0.00	(0.31)	0.00	0.00	2.27	(2.86)	9.46

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