First Trust Nasdaq ETF Volatility

ROBT ETF

USD 53.75 0.03 0.06%

For First Trust, daily and longer-window ETF price variability maps into the risk metrics that matter for sizing positions. Its long-term beta is 1.43, meaning it tends to be slightly more volatile than the broader market. The ETF shows low price volatility over the last 3 months.

Sharpe Ratio = 0.0554

Expected Return ↓

Minimal

Low

Moderate

Elevated

High

Leading

Strong

Moderate

Modest

Flat

Below

Ideal

ROBT

Worst

← Lower RiskHigher Risk →

First Trust Nasdaq's financial profile includes a Market Risk Adjusted Performance of 0.1%, a Risk of 1.63, and a Risk Adjusted Performance of 0.1%. The ETF is tracking at approximately 4% of its historical trend range per monthly averages.

Key indicators related to First Trust's volatility include:

90 Days Market Risk

Very Low

Chance Of Distress

Low

90 Days Economic Sensitivity

Responds to the market

Key risk metrics for First Trust (3 Months):

Beta

1.37

Alpha

0.14

Risk

1.63

Sharpe Ratio

0.06

Expected Return

0.09

Moving together with First Trust ETF

0.68	VGT	Vanguard Information Sell-off Trend	Pair Corr
0.67	XLK	Technology Select Sector Sell-off Trend	Pair Corr
0.64	ARKK	ARK Innovation ETF	Pair Corr
0.7	IYW	iShares Technology ETF	Pair Corr
0.69	CIBR	First Trust NASDAQ	Pair Corr
0.68	FTEC	Fidelity MSCI Information	Pair Corr
0.62	FDN	First Trust Dow	Pair Corr
0.84	VTI	Vanguard Total Stock	Pair Corr
0.84	SPY	SPDR SAMPP 500	Pair Corr
0.84	IVV	iShares Core SAMPP	Pair Corr
0.84	VTV	Vanguard Value Index	Pair Corr
0.8	VUG	Vanguard Growth Index	Pair Corr
0.84	VO	Vanguard Mid Cap	Pair Corr
0.78	VEA	Vanguard FTSE Developed	Pair Corr
0.81	VB	Vanguard Small Cap	Pair Corr
0.85	VWO	Vanguard FTSE Emerging	Pair Corr
0.7	LDUR	PIMCO Enhanced Low	Pair Corr
0.75	ICPY	Tweedy Browne	Pair Corr
0.85	EDGU	3EDGE Dynamic Equity	Pair Corr

Moving Against First Trust ETF

0.74

METD

Direxion Daily META

Pair Corr

Sensitivity To Market

Beta analysis for First Trust Nasdaq evaluates how its price movements correlate with the broader market. With a beta of 1.37, First Trust reflects measurable exposure to systematic risk. Observed total volatility stands near 1.63%. Asymmetric risk in First Trust Nasdaq is visible through downside-focused metrics. Downside deviation reads 1.72% and semi-deviation reads 1.58%, isolating the loss-side component of total return variability. ETF volatility often reflects both the underlying basket and the trading layer. Premium/discount to NAV is often expressed as (Price − NAV) / NAV × 100 when NAV is available. Spread stability also shapes short-term movement.

Current 90-day First Trust correlation with market (Dow Jones Industrial)

0.14

1.37

Competition

3 Months Beta |First Trust Nasdaq Demand Trend

Current 90-day First Trust correlation with market (Dow Jones Industrial)

Downside Risk

The standard deviation reading for First Trust summarizes how concentrated or dispersed daily returns have been around their mean. Volatile instruments have higher standard deviations; stable ones have lower. When First Trust standard deviation rises relative to its historical range, it signals a regime change in price behavior.

Standard Deviation

1.63

Standard deviation and downside deviation are complementary tools for assessing First Trust's risk. Downside deviation or semi-deviation of First Trust's returns isolates the loss-side component of total variability. For First Trust, understanding the difference between standard deviation and downside deviation is analytically important. First Trust Nasdaq's financial profile includes a Downside Deviation of 1.72, a Downside Variance of 2.97, and a Maximum Drawdown of 7.69.

ETF Volatility Analysis

In evaluating First Trust as an investment, volatility is a primary indicator of risk. High volatility generally means the ETF price moves dramatically in a short period of time. Lower risk tolerance generally corresponds to preference for ETFs exhibiting lower volatility.

Transformation

This analysis covers sixty-one data points across the selected time horizon. The Average Price transformation calculates the mean of First Trust Nasdaq's open, high, low, and close for each trading period. By incorporating all four price components equally, it provides a balanced representation of each period's trading activity. Compared to using the closing price alone, the average price reduces the influence of end-of-day positioning and can serve as a smoother input for other technical indicators.

Projected Return Density Against Market

Given a 90-day horizon, First Trust has a beta of 1.3651 indicating when the benchmark rises, ROBT tends to outperform it on average. However, when benchmark returns turn negative, First Trust tends to underperform.

Risk for First Trust can be divided into market-wide and asset-specific components. While diversification may mitigate unsystematic factors, systematic risk tied to the ETF market cannot be eliminated. Historical beta and volatility measures provide context. First Trust Nasdaq's financial profile includes a Downside Deviation of 1.72, a Mean Deviation of 1.41, and a Semi Deviation of 1.58.

First Trust Nasdaq has an alpha of 0.1371, implying that it can generate a 0.1371 percent excess return over Dow Jones Industrial after adjusting for the inherent market risk (beta).

Predicted Return Distribution

Density

First Trust's volatility is typically evaluated with standard deviation and beta. Standard deviation reflects how far First Trust's returns usually move from the mean over the selected horizon.

What Drives First Trust's Price Volatility?

Holdings and Allocation

Concentration changes and sector rotation within the Technology category often influence how investors price First Trust's risk.

Political and Economic Environment

Macro data and central-bank signals can change valuation assumptions and short-term positioning around First Trust.

First Trust's Fund-Specific Factors

Creation and redemption activity, bid-ask spreads, and NAV premium or discount can trigger intraday volatility clusters.

ETF Risk Measures

Given a 90-day horizon, the coefficient of variation of First Trust is 1805.92. The daily returns are distributed with a variance of 2.66 and standard deviation of 1.63. The mean deviation of First Trust Nasdaq is currently at 1.34. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.96

α	Alpha over Dow Jones	0.14	Details
β	Beta against Dow Jones	1.37	Details
σ	Overall volatility	1.63	Details
Ir	Information ratio	0.08	Details

ETF Return Volatility

Daily return volatility for First Trust measures how far ETF returns deviate from their average on a day-to-day basis. The exchange-traded fund shows 1.63% volatility of returns over 90 trading days. For comparison, Dow Jones Industrial reported 0.9238% volatility on return distribution over a 90-day investment horizon.

Performance

Timeline

Related Correlations Analysis

	CVLC	USSG	LRGC	PNOV	INFO	FDRR	PMAY	IGPT	MODL	FLTW
CVLC		0.98	0.96	0.96	1.0	0.96	0.85	0.91	0.99	0.83	CVLC
USSG	0.98		0.94	0.94	0.98	0.97	0.77	0.86	0.99	0.77	USSG
LRGC	0.96	0.94		1.0	0.95	0.93	0.79	0.84	0.96	0.88	LRGC
PNOV	0.96	0.94	1.0		0.95	0.92	0.81	0.85	0.96	0.89	PNOV
INFO	1.0	0.98	0.95	0.95		0.95	0.87	0.92	0.98	0.84	INFO
FDRR	0.96	0.97	0.93	0.92	0.95		0.72	0.76	0.98	0.7	FDRR
PMAY	0.85	0.77	0.79	0.81	0.87	0.72		0.89	0.79	0.81	PMAY
IGPT	0.91	0.86	0.84	0.85	0.92	0.76	0.89		0.85	0.89	IGPT
MODL	0.99	0.99	0.96	0.96	0.98	0.98	0.79	0.85		0.78	MODL
FLTW	0.83	0.77	0.88	0.89	0.84	0.7	0.81	0.89	0.78		FLTW
	CVLC	USSG	LRGC	PNOV	INFO	FDRR	PMAY	IGPT	MODL	FLTW

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

First Trust Constituents Risk-Adjusted Indicators

Evaluating First Trust ETF requires separating price momentum from underlying operating strength versus competitors. Without risk-adjusted context, short-term returns may appear stronger than the volatility required to achieve them would suggest. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CVLC	0.79	0.13	0.14	0.15	0.77	-0.88	1.72	-1.57	3.96
USSG	0.80	0.09	0.10	0.11	0.78	-0.95	1.45	-1.47	4.36
LRGC	0.74	0.11	0.13	0.14	0.72	-0.81	1.46	-1.39	3.56
PNOV	0.43	0.06	0.11	0.13	0.38	-0.48	0.79	-0.94	2.18
INFO	0.76	0.12	0.14	0.15	0.70	-0.89	1.45	-1.48	3.61
FDRR	0.65	0.05	0.06	0.08	0.79	-0.66	1.33	-1.28	3.95
PMAY	0.20	0.03	0.09	0.15	0.09	-0.21	0.56	-0.38	1.74
IGPT	1.72	0.58	0.28	0.36	1.55	-1.94	4.57	-3.20	8.08
MODL	0.70	0.08	0.10	0.11	0.68	-0.77	1.45	-1.37	3.34
FLTW	1.58	0.50	0.25	0.37	1.52	-1.75	3.51	-3.17	8.75

Risk Metrics, Assumptions & Methodology

Volatility regime analysis for First Trust identifies whether the fund is currently in a high, low, or transitioning dispersion state. Regime transitions often precede directional moves, making volatility shifts a useful timing signal.

First Trust Nasdaq metrics draw on fund disclosures and market reference feeds, standardized for cross-period comparison. Volatility and downside metrics are estimated from historical return dispersion.

Editorial review and methodology oversight provided by: Vlad Skutelnik, Macroaxis Contributor

Volatility Profile Summary

Recent data suggests that First Trust Nasdaq is more volatile than Dow Jones Industrial by approximately 1.77x over the selected horizon. This differential reflects the relative dispersion of returns and frames how the asset responds to broader market conditions. Observed price behavior indicates modest directional movement within the current volatility regime. Across the current 90-day horizon, that places the security below 14% of the broader equity and portfolio universe on a pure volatility basis. This positioning reflects relative dispersion compared to peers rather than extreme instability.

First Trust Nasdaq with characteristics aligned to broad market upside participation. This directional read frames the latest price swing through a simple momentum and follow-through lens. It highlights whether the move looks ordinary, stressed, or unusually speculative for the instrument. a normal upward fluctuation. Return distributions derived from historical modeling outline a range of potential outcomes over the selected 90-day horizon. View First Trust probability analysis.

Very poor diversification

The correlation between First Trust and Dow Jones is 0.87, which Macroaxis classifies as Very poor diversification for the selected horizon. Lower overlap tends to improve diversification, while higher overlap means both positions carry similar risk.

View Details

Additional Risk Indicators

Secondary risk indicators for First Trust Nasdaq evaluate exposure beyond standard deviation, beta, or one headline volatility measure. Cross-security comparison within similar growth and valuation profiles provides additional context for interpreting relative risk positioning.

	Risk Adjusted Performance	0.0944
	Market Risk Adjusted Performance	0.1203
	Mean Deviation	1.41
	Semi Deviation	1.58
	Downside Deviation	1.72
	Coefficient Of Variation	1071.41
	Standard Deviation	1.72

First Trust Suggested Diversification Pairs

A pair-trading setup around First Trust shifts the return benchmark from the broad market to a second position, altering the risk profile. This structure emphasizes relative performance differences between paired assets rather than broad market direction.

	Salesforce vs. First Trust
	Microsoft vs. First Trust
	GM vs. First Trust
	Lasertec vs. First Trust
	JinkoSolar Holding vs. First Trust
	SentinelOne vs. First Trust
	Uipath vs. First Trust
	Bank of America vs. First Trust
	Visa vs. First Trust

Pair diversification lowers aggregate risk, though certain risk categories remain unaffected regardless of how positions are paired. Systematic risk - the risk tied to the broad market - cannot be eliminated by pairing First Trust with another position. However, First Trust's company-specific risk can be partially offset by selecting a pair that does not move in lockstep with First Trust Nasdaq.

More Resources for First Trust ETF Analysis

The foundation for reviewing First Trust Nasdaq is its fund data, holdings, and performance history. The dataset reflects First Trust's fund reporting across available periods.

First Trust Risk and Volatility Profile