First Trust Correlations

FTCS Etf

USD 99.34 0.69 0.70%

The current 90-days correlation between First Trust Capital and Alpha Architect 1 3 is 0.14 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

First Trust Correlation With Market

Very poor diversification

The correlation between First Trust Capital and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Capital 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 Capital. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with First Etf

0.61	VTI	Vanguard Total Stock	Pair Corr
0.93	VIG	Vanguard Dividend	Pair Corr
0.97	RSP	Invesco SP 500	Pair Corr
0.92	DFAC	Dimensional Core Equity	Pair Corr
0.89	SPLG	SSgA Symbol Change	Pair Corr
0.88	SMH	VanEck Semiconductor ETF	Pair Corr
0.9	SOXX	iShares Semiconductor ETF	Pair Corr
0.94	PSI	Invesco Dynamic Semi	Pair Corr
0.96	DISV	Dimensional ETF Trust	Pair Corr
0.96	BSMS	Invesco BulletShares 2028	Pair Corr
0.87	NAPR	Innovator Nasdaq 100	Pair Corr
0.96	FNDA	Schwab Fundamental Small	Pair Corr
0.96	DWM	WisdomTree International	Pair Corr
0.96	VYMI	Vanguard International	Pair Corr
0.87	QTAP	Innovator Growth 100	Pair Corr
0.92	EMIF	iShares Emerging Markets	Pair Corr
0.68	SLV	iShares Silver Trust Aggressive Push	Pair Corr
0.89	ERET	iShares Environmentally	Pair Corr
0.95	KNGZ	First Trust Exchange	Pair Corr
0.67	PDEC	Innovator SP 500	Pair Corr
0.98	VLU	SPDR SP 1500	Pair Corr
0.95	DXJ	WisdomTree Japan Hedged	Pair Corr
0.96	CCNR	CoreCommodity Natural	Pair Corr
0.94	HEEM	iShares Currency Hedged	Pair Corr
0.97	JEPI	JPMorgan Equity Premium	Pair Corr
0.96	DFIC	Dimensional International	Pair Corr

Moving against First Etf

0.75	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.52	TECL	Direxion Daily Technology	Pair Corr
0.46	ROM	ProShares Ultra Tech	Pair Corr
0.38	QLD	ProShares Ultra QQQ	Pair Corr
0.69	ENTR	EntrepreneurShares	Pair Corr

Related Correlations Analysis

	PRF	SCHH	IGF	VDC	SSO	DBEF	PBUS	FVD	VLUE	BOXX
PRF		0.77	0.84	0.89	0.48	0.97	0.58	0.93	0.99	0.96	PRF
SCHH	0.77		0.95	0.91	0.0	0.85	0.1	0.92	0.77	0.79	SCHH
IGF	0.84	0.95		0.94	0.11	0.88	0.21	0.96	0.85	0.86	IGF
VDC	0.89	0.91	0.94		0.1	0.9	0.21	0.98	0.89	0.88	VDC
SSO	0.48	0.0	0.11	0.1		0.39	0.99	0.18	0.45	0.38	SSO
DBEF	0.97	0.85	0.88	0.9	0.39		0.49	0.94	0.97	0.98	DBEF
PBUS	0.58	0.1	0.21	0.21	0.99	0.49		0.29	0.56	0.49	PBUS
FVD	0.93	0.92	0.96	0.98	0.18	0.94	0.29		0.92	0.93	FVD
VLUE	0.99	0.77	0.85	0.89	0.45	0.97	0.56	0.92		0.98	VLUE
BOXX	0.96	0.79	0.86	0.88	0.38	0.98	0.49	0.93	0.98		BOXX
	PRF	SCHH	IGF	VDC	SSO	DBEF	PBUS	FVD	VLUE	BOXX

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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

VLUE	+ 0.99	PRF
PBUS	+ 0.99	SSO
FVD	+ 0.98	VDC
BOXX	+ 0.98	DBEF
BOXX	+ 0.98	VLUE
DBEF	+ 0.97	PRF

High negative correlations

SSO

- 0.0

SCHH

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
PRF	0.50	0.08	0.10	0.18	0.38	(0.56)	1.27	(0.93)	3.21
SCHH	0.53	0.11	0.07	0.47	0.54	(0.55)	1.45	(1.08)	3.29
IGF	0.47	0.18	0.26	0.91	0.00	(0.58)	1.28	(0.70)	2.56
VDC	0.65	0.21	0.22	2.68	0.25	(0.78)	1.37	(0.93)	3.59
SSO	1.04	(0.01)	0.02	0.07	1.33	(1.09)	1.87	(2.24)	7.04
DBEF	0.47	0.13	0.16	0.29	0.24	(0.55)	1.09	(0.64)	3.07
PBUS	0.55	(0.01)	(0.03)	0.07	0.68	(0.58)	0.99	(1.14)	3.66
FVD	0.41	0.11	0.12	0.37	0.10	(0.48)	1.10	(0.73)	2.19
VLUE	0.79	0.18	0.23	0.27	0.49	(0.97)	1.92	(1.30)	4.60
BOXX	0.02	0.01	(3.82)	1.25	0.00	(0.03)	0.05	(0.02)	0.10

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