First Trust Correlations

RFEM Etf

USD 80.52 1.33 1.68%

The current 90-days correlation between First Trust RiverFront and Cambria ETF Trust is 0.28 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Trust RiverFront moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

First Trust Correlation With Market

Very weak diversification

The correlation between First Trust RiverFront and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust RiverFront and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with First Etf

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in First Trust RiverFront. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with First Etf

0.83	IEMG	iShares Core MSCI Aggressive Push	Pair Corr
0.84	EEM	iShares MSCI Emerging Aggressive Push	Pair Corr
0.89	FNDE	Schwab Fundamental	Pair Corr
0.61	ESGE	iShares ESG Aware	Pair Corr
0.87	SFGRX	Seafarer Overseas	Pair Corr
0.8	DGS	WisdomTree Emerging	Pair Corr
0.76	XSOE	WisdomTree Emerging	Pair Corr
0.61	ITDD	iShares Trust	Pair Corr
0.85	DDFO	Innovator Equity Dual	Pair Corr

Related Correlations Analysis

	BLDG	DWMF	BDRY	IBBQ	NTSE	FLCV	NBJP	CSNR	ENOR	QEMM
BLDG		0.18	-0.21	-0.13	0.36	-0.05	-0.02	-0.11	0.0	0.31	BLDG
DWMF	0.18		0.31	0.66	0.45	0.85	0.81	0.69	0.45	0.61	DWMF
BDRY	-0.21	0.31		0.81	-0.28	0.31	0.46	0.38	-0.41	-0.09	BDRY
IBBQ	-0.13	0.66	0.81		0.02	0.65	0.82	0.65	-0.1	0.23	IBBQ
NTSE	0.36	0.45	-0.28	0.02		0.18	0.33	0.09	0.33	0.93	NTSE
FLCV	-0.05	0.85	0.31	0.65	0.18		0.77	0.79	0.56	0.41	FLCV
NBJP	-0.02	0.81	0.46	0.82	0.33	0.77		0.66	0.17	0.53	NBJP
CSNR	-0.11	0.69	0.38	0.65	0.09	0.79	0.66		0.42	0.29	CSNR
ENOR	0.0	0.45	-0.41	-0.1	0.33	0.56	0.17	0.42		0.36	ENOR
QEMM	0.31	0.61	-0.09	0.23	0.93	0.41	0.53	0.29	0.36		QEMM
	BLDG	DWMF	BDRY	IBBQ	NTSE	FLCV	NBJP	CSNR	ENOR	QEMM

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

QEMM	+ 0.93	NTSE
FLCV	+ 0.85	DWMF
NBJP	+ 0.82	IBBQ
NBJP	+ 0.81	DWMF
IBBQ	+ 0.81	BDRY
CSNR	+ 0.79	FLCV

High negative correlations

ENOR	- 0.41	BDRY
NTSE	- 0.28	BDRY
BDRY	- 0.21	BLDG
IBBQ	- 0.13	BLDG
CSNR	- 0.11	BLDG
ENOR	- 0.1	IBBQ

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
BLDG	0.40	(0.05)	0.00	(0.09)	0.00	0.00	0.78	(0.82)	2.71
DWMF	0.47	0.01	(0.02)	0.08	0.48	(0.54)	0.97	(0.98)	2.89
BDRY	2.00	0.14	0.03	(1.35)	2.61	(2.00)	3.90	(4.67)	11.33
IBBQ	0.82	0.18	0.15	0.86	0.62	(0.98)	1.79	(1.26)	5.13
NTSE	0.76	0.04	0.03	0.10	0.84	(0.83)	1.72	(1.17)	4.81
FLCV	0.60	(0.01)	(0.02)	0.04	0.69	(0.65)	1.36	(1.10)	2.61
NBJP	0.63	0.05	0.01	0.29	0.93	(0.62)	1.29	(1.08)	3.71
CSNR	0.89	0.07	0.05	0.14	1.06	(0.94)	1.59	(1.59)	5.66
ENOR	0.68	(0.02)	(0.04)	0.03	0.86	(0.73)	1.35	(1.45)	4.57
QEMM	0.57	0.03	0.01	0.10	0.71	(0.59)	1.09	(1.10)	3.61

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