First Trust Correlations

FYC Etf

USD 101.48 0.70 0.69%

The current 90-days correlation between First Trust Small and First Trust Mid is 0.94 (i.e., Almost no 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

Poor diversification

The correlation between First Trust Small and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Small 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 Small. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with First Etf

0.95	VBK	Vanguard Small Cap	Pair Corr
0.92	IWO	iShares Russell 2000	Pair Corr
0.96	IJT	iShares SP Small	Pair Corr
0.96	SLYG	SPDR SP 600	Pair Corr
0.98	JKK	iShares Morningstar	Pair Corr
0.92	VTWG	Vanguard Russell 2000	Pair Corr
0.76	VRTGX	Vanguard Russell 2000	Pair Corr
0.96	VIOG	Vanguard SP Small	Pair Corr
0.81	ISCG	iShares Morningstar	Pair Corr
0.97	WSML	iShares MSCI World	Pair Corr
0.73	MDBX	Tradr 2X Long	Pair Corr
0.73	CPSR	Calamos SP 500	Pair Corr
0.86	JEPI	JPMorgan Equity Premium	Pair Corr
0.81	INOV	Innovator ETFs Trust	Pair Corr
0.94	RSSE	First Trust Exchange	Pair Corr
0.67	ITA	iShares Aerospace Defense Low Volatility	Pair Corr
0.84	SPY	SPDR SP 500	Pair Corr

Moving against First Etf

0.51	JEM	707 Cayman Holdings	Pair Corr
0.4	PG	Procter Gamble	Pair Corr
0.38	T	ATT Inc	Pair Corr
0.35	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	FNY	FEM	FDT	LVHD	IMFL	LGH	PPH	VFVA	SSUS	IHE
FNY		0.49	0.44	0.28	0.56	0.69	0.07	0.57	0.82	-0.05	FNY
FEM	0.49		0.74	-0.08	0.88	0.73	0.65	0.68	0.71	0.42	FEM
FDT	0.44	0.74		0.04	0.84	0.64	0.74	0.82	0.62	0.76	FDT
LVHD	0.28	-0.08	0.04		0.04	-0.18	0.07	0.19	-0.03	-0.01	LVHD
IMFL	0.56	0.88	0.84	0.04		0.76	0.75	0.91	0.77	0.57	IMFL
LGH	0.69	0.73	0.64	-0.18	0.76		0.41	0.67	0.97	0.32	LGH
PPH	0.07	0.65	0.74	0.07	0.75	0.41		0.78	0.31	0.89	PPH
VFVA	0.57	0.68	0.82	0.19	0.91	0.67	0.78		0.7	0.67	VFVA
SSUS	0.82	0.71	0.62	-0.03	0.77	0.97	0.31	0.7		0.2	SSUS
IHE	-0.05	0.42	0.76	-0.01	0.57	0.32	0.89	0.67	0.2		IHE
	FNY	FEM	FDT	LVHD	IMFL	LGH	PPH	VFVA	SSUS	IHE

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

SSUS	+ 0.97	LGH
VFVA	+ 0.91	IMFL
IHE	+ 0.89	PPH
IMFL	+ 0.88	FEM
IMFL	+ 0.84	FDT
SSUS	+ 0.82	FNY

High negative correlations

LGH	- 0.18	LVHD
LVHD	- 0.08	FEM
IHE	- 0.05	FNY
SSUS	- 0.03	LVHD
IHE	- 0.01	LVHD

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
FNY	1.08	(0.04)	(0.02)	0.05	1.30	(1.11)	1.92	(2.05)	5.37
FEM	0.66	0.06	0.02	0.22	0.75	(0.67)	1.42	(1.36)	3.85
FDT	0.61	0.18	0.10	1.38	0.61	(0.62)	1.35	(1.22)	3.39
LVHD	0.46	0.01	(0.13)	(0.14)	0.56	(0.50)	1.02	(0.95)	2.59
IMFL	0.62	0.12	0.10	0.29	0.59	(0.68)	1.17	(1.29)	2.79
LGH	0.76	0.02	0.00	0.10	0.95	(0.74)	1.50	(1.63)	4.49
PPH	0.69	0.18	0.20	0.44	0.28	(0.83)	1.87	(1.08)	4.20
VFVA	0.70	0.10	0.11	0.20	0.59	(0.83)	1.56	(1.11)	3.70
SSUS	0.54	0.00	(0.04)	0.09	0.67	(0.55)	1.05	(1.19)	3.03
IHE	0.76	0.22	0.18	1.49	0.39	(0.84)	1.82	(1.16)	4.45

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