First Trust Correlations

LMBS Etf

USD 50.17 0.06 0.12%

The current 90-days correlation between First Trust Low and WisdomTree LargeCap Dividend is 0.25 (i.e., Modest 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

Poor diversification

The correlation between First Trust Low and DJI is 0.78 (i.e., Poor 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

0.95	SHY	iShares 1 3	Pair Corr
0.95	SPTS	SPDR Barclays Short	Pair Corr
0.85	AGZ	iShares Agency Bond	Pair Corr
0.95	FTSD	Franklin Liberty Short	Pair Corr
0.94	UTWO	Rbb Fund	Pair Corr
0.95	XTWO	Bondbloxx ETF Trust	Pair Corr
0.88	XTRE	Bondbloxx ETF Trust	Pair Corr
0.96	TRSY	Xtrackers 0 1	Pair Corr
0.97	SLDR	Global X Short	Pair Corr
0.67	VTI	Vanguard Total Stock	Pair Corr
0.63	SPY	SPDR SP 500	Pair Corr
0.63	IVV	iShares Core SP	Pair Corr
0.65	BND	Vanguard Total Bond	Pair Corr
0.92	VTV	Vanguard Value Index	Pair Corr
0.74	VO	Vanguard Mid Cap	Pair Corr
0.87	VEA	Vanguard FTSE Developed	Pair Corr
0.84	VB	Vanguard Small Cap	Pair Corr
0.61	VWO	Vanguard FTSE Emerging	Pair Corr
0.72	PPI	Investment Managers	Pair Corr
0.84	AUGW	AIM ETF Products	Pair Corr
0.73	GTR	WisdomTree Target Range	Pair Corr
0.85	AMUB	UBS AG London	Pair Corr
0.92	SGDM	Sprott Gold Miners	Pair Corr
0.88	FDTS	First Trust Developed	Pair Corr
0.93	FIVA	Fidelity International	Pair Corr
0.69	PXH	Invesco FTSE RAFI	Pair Corr
0.86	LIMI	Themes Lithium Battery	Pair Corr
0.83	TIER	T Rowe Price	Pair Corr
0.81	IYH	iShares Healthcare ETF	Pair Corr
0.95	VCSH	Vanguard Short Term	Pair Corr
0.81	ATTR	Arin Tactical Tail	Pair Corr
0.8	BJUL	Innovator Equity Buffer	Pair Corr
0.87	BFIX	Build Funds Trust	Pair Corr
0.89	DLN	WisdomTree LargeCap	Pair Corr
0.87	VIGI	Vanguard International	Pair Corr
0.77	EWJ	iShares MSCI Japan	Pair Corr
0.75	PDBC	Invesco Optimum Yield	Pair Corr

Related Correlations Analysis

	JMBS	FIASX	FICSX	DFSV	FEYAX	FELC	XMHQ	BBAX	EFAV	DLN
JMBS		0.92	0.92	0.87	0.88	0.72	0.86	0.85	0.92	0.91	JMBS
FIASX	0.92		1.0	0.93	0.95	0.76	0.9	0.93	0.97	0.96	FIASX
FICSX	0.92	1.0		0.93	0.95	0.76	0.9	0.93	0.97	0.96	FICSX
DFSV	0.87	0.93	0.93		0.88	0.76	0.9	0.8	0.89	0.95	DFSV
FEYAX	0.88	0.95	0.95	0.88		0.86	0.95	0.95	0.9	0.94	FEYAX
FELC	0.72	0.76	0.76	0.76	0.86		0.8	0.74	0.72	0.81	FELC
XMHQ	0.86	0.9	0.9	0.9	0.95	0.8		0.88	0.84	0.9	XMHQ
BBAX	0.85	0.93	0.93	0.8	0.95	0.74	0.88		0.89	0.87	BBAX
EFAV	0.92	0.97	0.97	0.89	0.9	0.72	0.84	0.89		0.95	EFAV
DLN	0.91	0.96	0.96	0.95	0.94	0.81	0.9	0.87	0.95		DLN
	JMBS	FIASX	FICSX	DFSV	FEYAX	FELC	XMHQ	BBAX	EFAV	DLN

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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	0.17	0.00	(0.14)	0.03	0.18	(0.19)	0.38	(0.35)	0.92
FIASX	0.46	0.07	0.09	0.19	0.42	(0.49)	1.03	(0.95)	2.06
FICSX	0.46	0.07	0.08	0.19	0.45	(0.49)	1.03	(0.96)	2.08
DFSV	0.79	0.10	0.11	0.12	0.76	(0.91)	2.45	(1.31)	4.82
FEYAX	0.50	0.03	0.02	0.07	0.67	(0.49)	1.02	(1.18)	2.82
FELC	0.53	(0.01)	(0.03)	0.02	0.80	(0.49)	1.02	(1.21)	3.57
XMHQ	0.74	(0.04)	(0.04)	0.00	0.85	(0.83)	1.74	(1.42)	3.44
BBAX	0.62	0.07	0.06	0.14	0.69	(0.60)	1.19	(1.26)	2.94
EFAV	0.43	0.06	0.07	0.20	0.34	(0.51)	0.88	(0.81)	2.66
DLN	0.43	0.03	0.03	0.08	0.44	(0.49)	0.91	(0.80)	2.55

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First Trust Correlations

First Trust Correlation With Market

Poor diversification

Moving together with First Etf

Related Correlations Analysis

First Trust Constituents Risk-Adjusted Indicators

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