First Trust Correlations
| FTRI Etf | USD 13.16 0.04 0.30% |
The current 90-days correlation between First Trust Indxx and Sprott Junior Uranium is 0.63 (i.e., Poor 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.
First Trust Correlation With Market
Weak diversification
The correlation between First Trust Indxx 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 First Trust Indxx and DJI in the same portfolio, assuming nothing else is changed.
First |
Moving together with First Etf
| 0.63 | EV | Mast Global Battery | PairCorr |
| 0.84 | XLB | Materials Select Sector | PairCorr |
| 0.71 | VAW | Vanguard Materials Index | PairCorr |
| 0.73 | MOO | VanEck Agribusiness ETF | PairCorr |
| 0.88 | FXZ | First Trust Materials | PairCorr |
| 0.85 | IYM | iShares Basic Materials | PairCorr |
| 0.74 | PWER | Macquarie ETF Trust | PairCorr |
| 0.76 | INOV | Innovator ETFs Trust | PairCorr |
| 0.67 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
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