First Trust Correlations

FVC Etf

USD 37.01 0.64 1.76%

The current 90-days correlation between First Trust Dorsey and ClearBridge Dividend Strategy is 0.71 (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

Modest diversification

The correlation between First Trust Dorsey and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Dorsey 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 Dorsey. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in services.

Moving together with First Etf

0.8	TDSC	Cabana Target Drawdown	Pair Corr
0.75	YYY	Amplify High Income	Pair Corr
0.9	GMOM	Cambria Global Momentum	Pair Corr
0.75	TACK	Fairlead Tactical Sector	Pair Corr
0.86	DALI	First Trust Dorsey	Pair Corr
0.77	VTI	Vanguard Total Stock	Pair Corr
0.74	SPY	SPDR SP 500	Pair Corr
0.74	IVV	iShares Core SP	Pair Corr
0.83	VTV	Vanguard Value Index	Pair Corr
0.73	VO	Vanguard Mid Cap	Pair Corr
0.86	VEA	Vanguard FTSE Developed	Pair Corr
0.82	VB	Vanguard Small Cap	Pair Corr

Moving against First Etf

0.54

Procter Gamble

Pair Corr

Related Correlations Analysis

	YLDE	INDS	SOVF	GSEU	ABEQ	ALTL	YSEP	PHEQ	UFO	UPGD
YLDE		0.19	0.52	0.87	0.71	0.24	0.88	0.65	0.54	0.83	YLDE
INDS	0.19		0.46	0.04	-0.29	0.5	0.18	-0.02	0.24	0.18	INDS
SOVF	0.52	0.46		0.31	0.05	0.42	0.43	-0.02	0.84	0.63	SOVF
GSEU	0.87	0.04	0.31		0.67	0.24	0.9	0.8	0.5	0.79	GSEU
ABEQ	0.71	-0.29	0.05	0.67		-0.28	0.5	0.44	0.11	0.64	ABEQ
ALTL	0.24	0.5	0.42	0.24	-0.28		0.46	0.41	0.31	0.24	ALTL
YSEP	0.88	0.18	0.43	0.9	0.5	0.46		0.79	0.55	0.72	YSEP
PHEQ	0.65	-0.02	-0.02	0.8	0.44	0.41	0.79		0.16	0.5	PHEQ
UFO	0.54	0.24	0.84	0.5	0.11	0.31	0.55	0.16		0.67	UFO
UPGD	0.83	0.18	0.63	0.79	0.64	0.24	0.72	0.5	0.67		UPGD
	YLDE	INDS	SOVF	GSEU	ABEQ	ALTL	YSEP	PHEQ	UFO	UPGD

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

YSEP	+ 0.9	GSEU
YSEP	+ 0.88	YLDE
GSEU	+ 0.87	YLDE
UFO	+ 0.84	SOVF
UPGD	+ 0.83	YLDE
PHEQ	+ 0.8	GSEU

High negative correlations

ABEQ	- 0.29	INDS
ALTL	- 0.28	ABEQ
PHEQ	- 0.02	SOVF
PHEQ	- 0.02	INDS

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
YLDE	0.47	0.01	(0.08)	0.11	0.58	(0.46)	0.99	(0.88)	2.37
INDS	0.69	0.00	(0.08)	0.06	0.68	(0.87)	1.38	(1.17)	3.89
SOVF	0.65	(0.07)	0.00	(0.25)	0.00	0.00	1.45	(1.48)	3.76
GSEU	0.56	0.03	0.02	0.12	0.54	(0.62)	1.25	(1.04)	2.71
ABEQ	0.45	(0.03)	(0.11)	0.02	0.56	(0.48)	0.81	(0.93)	2.37
ALTL	1.00	0.03	(0.03)	(0.29)	1.47	(1.06)	1.83	(2.86)	6.62
YSEP	0.30	0.02	(0.10)	0.20	0.34	(0.32)	0.63	(0.71)	1.56
PHEQ	0.28	0.02	(0.11)	0.24	0.30	(0.29)	0.62	(0.47)	1.92
UFO	1.99	0.07	0.06	0.10	2.41	(1.96)	4.47	(3.74)	9.20
UPGD	0.60	(0.05)	(0.08)	0.01	0.78	(0.57)	1.21	(1.02)	3.42

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