First Trust Correlations

LMBS Etf

USD 50.18 0.11 0.22%

The current 90-days correlation between First Trust Low and Janus Henderson Mortgage Backed is 0.58 (i.e., Very weak 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

Significant diversification

The correlation between First Trust Low and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Low and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with First Etf

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in First Trust Low. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with First Etf

0.94	SHY	iShares 1 3 Sell-off Trend	Pair Corr
0.93	SPTS	SPDR Barclays Short Sell-off Trend	Pair Corr
0.86	AGZ	iShares Agency Bond	Pair Corr
0.94	FTSD	Franklin Liberty Short	Pair Corr
0.94	UTWO	Rbb Fund	Pair Corr
0.94	XTWO	Bondbloxx ETF Trust	Pair Corr
0.89	XTRE	Bondbloxx ETF Trust	Pair Corr
0.96	TRSY	Xtrackers 0 1	Pair Corr
0.96	SLDR	Global X Short	Pair Corr
0.73	MUU	Direxion Daily MU Buyout Trend	Pair Corr
0.62	JNUG	Direxion Daily Junior	Pair Corr
0.73	MULL	GraniteShares 2x Long	Pair Corr
0.68	NUGT	Direxion Daily Gold	Pair Corr
0.81	AGQ	ProShares Ultra Silver	Pair Corr
0.61	SHNY	Microsectors Gold	Pair Corr
0.65	RSSE	First Trust Exchange	Pair Corr
0.77	INOV	Innovator ETFs Trust	Pair Corr
0.76	MBB	iShares MBS ETF	Pair Corr
0.91	FGD	First Trust Dow	Pair Corr
0.84	JEPI	JPMorgan Equity Premium	Pair Corr
0.62	SPY	SPDR SP 500	Pair Corr
0.79	TBXU	Direxion Shares ETF	Pair Corr
0.9	MRK	Merck Company Aggressive Push	Pair Corr
0.75	TRV	The Travelers Companies	Pair Corr
0.79	XOM	Exxon Mobil Corp	Pair Corr

Moving against First Etf

0.31	PTIR	GraniteShares 2x Long	Pair Corr
0.82	MSFT	Microsoft	Pair Corr
0.79	HPQ	HP Inc	Pair Corr
0.72	HD	Home Depot	Pair Corr
0.67	PG	Procter Gamble	Pair Corr
0.61	T	ATT Inc	Pair Corr

Related Correlations Analysis

	JMBS	FIASX	FICSX	DFSV	FEYAX	FELC	XMHQ	BBAX	EFAV	DLN
JMBS		0.64	0.73	0.74	0.1	0.68	0.49	0.42	0.82	0.8	JMBS
FIASX	0.64		0.95	0.85	0.27	0.79	0.57	0.76	0.84	0.86	FIASX
FICSX	0.73	0.95		0.92	0.2	0.85	0.64	0.7	0.91	0.94	FICSX
DFSV	0.74	0.85	0.92		0.23	0.81	0.61	0.52	0.85	0.92	DFSV
FEYAX	0.1	0.27	0.2	0.23		0.47	0.09	0.37	0.17	0.26	FEYAX
FELC	0.68	0.79	0.85	0.81	0.47		0.57	0.67	0.77	0.89	FELC
XMHQ	0.49	0.57	0.64	0.61	0.09	0.57		0.71	0.48	0.58	XMHQ
BBAX	0.42	0.76	0.7	0.52	0.37	0.67	0.71		0.58	0.59	BBAX
EFAV	0.82	0.84	0.91	0.85	0.17	0.77	0.48	0.58		0.93	EFAV
DLN	0.8	0.86	0.94	0.92	0.26	0.89	0.58	0.59	0.93		DLN
	JMBS	FIASX	FICSX	DFSV	FEYAX	FELC	XMHQ	BBAX	EFAV	DLN

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

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
JMBS	0.16	0.01	(0.32)	0.31	0.04	(0.17)	0.38	(0.31)	0.97
FIASX	0.45	0.03	(0.07)	0.38	0.60	(0.46)	0.89	(0.95)	2.19
FICSX	0.45	0.01	(0.05)	0.11	0.54	(0.46)	0.87	(0.96)	2.22
DFSV	0.85	0.02	0.03	0.10	1.06	(0.91)	2.04	(1.31)	4.66
FEYAX	0.63	(0.05)	0.00	(0.10)	0.00	0.00	1.03	(1.39)	6.70
FELC	0.60	(0.02)	(0.03)	0.06	0.86	(0.58)	1.25	(1.21)	3.21
XMHQ	0.80	(0.05)	(0.04)	0.04	0.93	(0.85)	1.71	(1.53)	3.67
BBAX	0.58	(0.01)	(0.08)	0.05	0.83	(0.53)	1.13	(1.26)	3.00
EFAV	0.38	0.02	(0.06)	0.15	0.30	(0.46)	0.88	(0.67)	2.19
DLN	0.47	(0.01)	(0.07)	0.07	0.47	(0.55)	0.85	(0.83)	1.87

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