First Trust Correlations

XPND Etf

USD 34.50 0.29 0.85%

The current 90-days correlation between First Trust Expanded and ProShares SP 500 is 0.9 (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

Very good diversification

The correlation between First Trust Expanded and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Expanded and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with First Etf

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

Moving together with First Etf

0.87	VGT	Vanguard Information	Pair Corr
0.81	XLK	Technology Select Sector	Pair Corr
0.92	IYW	iShares Technology ETF	Pair Corr
0.88	CIBR	First Trust NASDAQ	Pair Corr
0.87	FTEC	Fidelity MSCI Information	Pair Corr
0.87	IGV	iShares Expanded Tech	Pair Corr
0.92	FDN	First Trust Dow	Pair Corr
0.9	IGM	iShares Expanded Tech	Pair Corr

Moving against First Etf

0.62	AMPD	Tidal ETF Services	Pair Corr
0.58	ELON	Battleshares TSLA	Pair Corr
0.36	SOXX	iShares Semiconductor ETF	Pair Corr
0.31	SMH	VanEck Semiconductor ETF	Pair Corr
0.77	DOGG	First Trust Exchange	Pair Corr
0.61	UDI	USCF ETF Trust	Pair Corr
0.6	BSMS	Invesco BulletShares 2028	Pair Corr
0.6	XFIX	Fm Investments Symbol Change	Pair Corr
0.58	STXE	EA Series Trust	Pair Corr
0.58	TERG	Leverage Shares 2X	Pair Corr
0.58	TAXT	Northern Trust Tax	Pair Corr
0.54	CCNR	CoreCommodity Natural	Pair Corr
0.54	FNDC	Schwab Fundamental	Pair Corr
0.47	IAUM	iShares Gold Trust	Pair Corr
0.43	EURL	Direxion Daily FTSE	Pair Corr
0.38	IRTR	iShares Trust	Pair Corr
0.33	FPXE	First Trust IPOX	Pair Corr
0.33	PFFA	Virtus InfraCap Preferred	Pair Corr
0.91	WEBS	Direxion Daily Dow	Pair Corr
0.66	LVHI	Franklin International	Pair Corr
0.64	SCDV	ETF Series Solutions	Pair Corr
0.57	BMVP	Invesco Bloomberg MVP	Pair Corr
0.55	NCPB	Nuveen Core Plus	Pair Corr
0.51	EWT	iShares MSCI Taiwan	Pair Corr

Related Correlations Analysis

	EGGY	TEK	KEMQ	THTA	UBOT	WUGI	PSTR	AIVC	APRJ	SPXV
EGGY		0.86	0.38	0.19	0.48	0.7	0.36	0.54	0.19	0.6	EGGY
TEK	0.86		0.65	0.45	0.7	0.66	0.59	0.79	0.43	0.79	TEK
KEMQ	0.38	0.65		0.62	0.75	0.29	0.75	0.83	0.7	0.7	KEMQ
THTA	0.19	0.45	0.62		0.84	0.12	0.93	0.85	0.93	0.76	THTA
UBOT	0.48	0.7	0.75	0.84		0.41	0.93	0.92	0.88	0.85	UBOT
WUGI	0.7	0.66	0.29	0.12	0.41		0.31	0.36	0.17	0.53	WUGI
PSTR	0.36	0.59	0.75	0.93	0.93	0.31		0.91	0.96	0.9	PSTR
AIVC	0.54	0.79	0.83	0.85	0.92	0.36	0.91		0.84	0.86	AIVC
APRJ	0.19	0.43	0.7	0.93	0.88	0.17	0.96	0.84		0.78	APRJ
SPXV	0.6	0.79	0.7	0.76	0.85	0.53	0.9	0.86	0.78		SPXV
	EGGY	TEK	KEMQ	THTA	UBOT	WUGI	PSTR	AIVC	APRJ	SPXV

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
EGGY	1.23	(0.03)	(0.02)	0.02	2.30	(1.13)	2.48	(3.50)	13.09
TEK	1.16	(0.06)	(0.03)	0.02	1.81	(1.01)	2.20	(2.97)	7.48
KEMQ	1.08	0.00	(0.01)	0.07	1.32	(1.14)	2.75	(2.18)	7.37
THTA	0.34	0.04	0.00	0.15	0.41	(0.41)	0.97	(0.99)	3.70
UBOT	2.01	0.16	0.09	0.14	2.47	(2.11)	3.61	(4.39)	14.17
WUGI	1.49	(0.05)	(0.01)	0.03	2.76	(1.45)	2.26	(2.99)	29.21
PSTR	0.40	0.02	(0.01)	0.11	0.37	(0.43)	0.82	(0.89)	2.61
AIVC	1.34	0.04	0.03	0.10	1.70	(1.23)	2.18	(2.84)	8.09
APRJ	0.07	0.01	(0.74)	0.32	0.00	(0.10)	0.20	(0.08)	0.41
SPXV	0.58	(0.02)	(0.04)	0.04	0.81	(0.58)	0.89	(1.34)	4.09

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