First Trust Correlations

FUMB Etf

USD 20.12 0.03 0.15%

The current 90-days correlation between First Trust Ultra and Trust For Professional is -0.13 (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.

First Trust Correlation With Market

Very poor diversification

The correlation between First Trust Ultra and DJI is 0.82 (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 Ultra 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 Ultra. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with First Etf

0.97	SUB	iShares Short Term	Pair Corr
0.96	SHM	SPDR Nuveen Bloomberg	Pair Corr
0.98	JMST	JPMorgan Ultra Short	Pair Corr
0.97	MEAR	iShares Short Maturity	Pair Corr
0.97	FSMB	First Trust Short	Pair Corr
0.92	SMB	VanEck Short Muni	Pair Corr
0.7	PVI	Invesco VRDO Tax	Pair Corr
0.95	TAFI	Ab Tax Aware	Pair Corr
0.87	OIH	VanEck Oil Services	Pair Corr
0.82	WTMF	WisdomTree Managed	Pair Corr
0.89	EWC	iShares MSCI Canada	Pair Corr
0.7	TOT	Advisor Managed Port	Pair Corr
0.91	IAUM	iShares Gold Trust	Pair Corr
0.83	SEIX	Virtus ETF Trust	Pair Corr
0.91	GAPR	First Trust Exchange	Pair Corr
0.8	VBK	Vanguard Small Cap	Pair Corr
0.96	BINC	BlackRock ETF Trust	Pair Corr
0.88	MART	Allianzim Large Cap	Pair Corr
0.85	OASC	OneAscent Small Cap	Pair Corr
0.67	BND	Vanguard Total Bond	Pair Corr
0.9	SPMD	SPDR Russell Small	Pair Corr
0.91	AHYB	American Century ETF	Pair Corr
0.84	RDIV	Invesco SP Ultra	Pair Corr

Moving against First Etf

0.66

ARKW

ARK Next Generation

Pair Corr

Related Correlations Analysis

	BKUI	JMHI	FCAL	ERX	SDOW	EMNT	UTEN	BKGI	EDGH	CLSE
BKUI		0.79	0.89	0.77	-0.83	0.99	-0.21	0.83	0.87	0.91	BKUI
JMHI	0.79		0.89	0.8	-0.64	0.78	0.02	0.83	0.74	0.72	JMHI
FCAL	0.89	0.89		0.85	-0.69	0.9	-0.23	0.88	0.82	0.8	FCAL
ERX	0.77	0.8	0.85		-0.59	0.77	-0.4	0.93	0.8	0.72	ERX
SDOW	-0.83	-0.64	-0.69	-0.59		-0.85	0.16	-0.66	-0.76	-0.89	SDOW
EMNT	0.99	0.78	0.9	0.77	-0.85		-0.24	0.84	0.9	0.91	EMNT
UTEN	-0.21	0.02	-0.23	-0.4	0.16	-0.24		-0.24	-0.27	-0.21	UTEN
BKGI	0.83	0.83	0.88	0.93	-0.66	0.84	-0.24		0.88	0.81	BKGI
EDGH	0.87	0.74	0.82	0.8	-0.76	0.9	-0.27	0.88		0.85	EDGH
CLSE	0.91	0.72	0.8	0.72	-0.89	0.91	-0.21	0.81	0.85		CLSE
	BKUI	JMHI	FCAL	ERX	SDOW	EMNT	UTEN	BKGI	EDGH	CLSE

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

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

EMNT	+ 0.99	BKUI
BKGI	+ 0.93	ERX
CLSE	+ 0.91	BKUI
CLSE	+ 0.91	EMNT
EMNT	+ 0.9	FCAL
EDGH	+ 0.9	EMNT

High negative correlations

CLSE	- 0.89	SDOW
EMNT	- 0.85	SDOW
SDOW	- 0.83	BKUI
EDGH	- 0.76	SDOW
SDOW	- 0.69	FCAL
BKGI	- 0.66	SDOW

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
BKUI	0.02	0.01	0.00	0.67	0.00	0.00	0.04	0.00	0.64
JMHI	0.10	0.00	(0.20)	0.19	0.04	(0.10)	0.26	(0.20)	0.66
FCAL	0.09	0.02	(0.14)	(5.63)	0.00	(0.12)	0.21	(0.14)	0.59
ERX	2.15	0.51	0.18	1.07	2.22	(2.32)	4.85	(3.67)	10.76
SDOW	1.83	0.00	0.00	0.03	0.00	0.00	3.61	(3.59)	9.25
EMNT	0.01	0.01	(1.99)	0.74	0.00	(0.03)	0.05	(0.01)	0.07
UTEN	0.20	(0.02)	0.00	(0.19)	0.00	0.00	0.32	(0.41)	1.11
BKGI	0.44	0.10	0.14	0.45	0.30	(0.51)	1.11	(0.76)	2.28
EDGH	0.93	0.15	0.06	0.44	1.65	(0.93)	1.81	(2.33)	9.64
CLSE	0.64	0.07	0.05	0.19	0.80	(0.62)	1.24	(1.43)	4.78

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