First Trust Competition

First Trust competes with Vanguard Total, SPDR SP, IShares Core, Vanguard Total, and Vanguard Value; as well as few others. Analyzing First Trust competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of First Trust to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of First Trust competition on your existing holdings.

Specify up to 10 symbols:

Hype

Prediction

Low	Estimated	High
0.00	0.00	0.00

Details

Intrinsic

Valuation

Low	Real	High
0.00	0.00	0.00

Details

First Trust Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between First Trust and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of First and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of First Trust does not affect the price movement of the other competitor.

	VTI	SPY	IVV	BND	VTV	VUG	VO	VEA	VB	VWO
VTI		1.0	1.0	-0.6	0.92	0.98	0.99	-0.55	0.98	0.07	VTI
SPY	1.0		1.0	-0.61	0.92	0.99	0.98	-0.53	0.96	0.11	SPY
IVV	1.0	1.0		-0.61	0.92	0.99	0.98	-0.53	0.96	0.11	IVV
BND	-0.6	-0.61	-0.61		-0.54	-0.61	-0.6	0.76	-0.55	-0.1	BND
VTV	0.92	0.92	0.92	-0.54		0.84	0.95	-0.43	0.93	0.14	VTV
VUG	0.98	0.99	0.99	-0.61	0.84		0.95	-0.57	0.94	0.05	VUG
VO	0.99	0.98	0.98	-0.6	0.95	0.95		-0.57	0.99	0.04	VO
VEA	-0.55	-0.53	-0.53	0.76	-0.43	-0.57	-0.57		-0.57	0.48	VEA
VB	0.98	0.96	0.96	-0.55	0.93	0.94	0.99	-0.57		-0.03	VB
VWO	0.07	0.11	0.11	-0.1	0.14	0.05	0.04	0.48	-0.03		VWO
	VTI	SPY	IVV	BND	VTV	VUG	VO	VEA	VB	VWO

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

High positive correlations

SPY	+ 1.0	VTI
IVV	+ 1.0	VTI
IVV	+ 1.0	SPY
VO	+ 0.99	VTI
VUG	+ 0.99	SPY
VUG	+ 0.99	IVV

High negative correlations

VUG	- 0.61	BND
BND	- 0.61	IVV
BND	- 0.61	SPY
VO	- 0.6	BND
BND	- 0.6	VTI
VB	- 0.57	VEA

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
VTI	0.50	0.06	0.07	0.19	0.40	(0.58)	0.99	(0.91)	4.07
SPY	0.47	0.06	0.05	0.20	0.40	(0.51)	1.03	(0.90)	3.77
IVV	0.47	0.06	0.05	0.20	0.41	(0.51)	1.08	(0.91)	3.75
BND	0.23	(0.03)	0.00	1.32	0.00	0.00	0.40	(0.60)	1.35
VTV	0.48	(0.03)	(0.11)	0.08	0.37	(0.58)	1.05	(0.71)	3.47
VUG	0.65	0.14	0.11	0.31	0.61	(0.68)	1.66	(1.34)	5.33
VO	0.53	0.05	0.07	0.18	0.32	(0.64)	1.33	(0.93)	3.69
VEA	0.58	(0.06)	0.00	(0.07)	0.00	0.00	1.21	(1.28)	3.86
VB	0.70	0.06	0.11	0.17	0.48	(0.78)	1.68	(1.14)	5.31
VWO	0.82	0.07	(0.02)	0.51	0.93	(0.89)	2.17	(1.85)	6.41

Unable to evaluate fundamental data of [VTI, SPY, IVV, BND, VTV, VUG, VO, VEA, VB, VWO] at this time. Please try again later

All Fundamental Data

First Trust Competitive Analysis

The better you understand First Trust competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, First Trust's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across First Trust's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	VTI	SPY	IVV	BND	VTV	VUG	VO	VEA	VB	VWO
	0.38 299.39 Vanguard	0.88 608.11 SPDR	0.84 611.01 IShares	0.22 73.25 Vanguard	0.18 175.72 Vanguard	1.66 426.90 Vanguard	0.48 279.01 Vanguard	0.72 50.60 Vanguard	0.83 256.78 Vanguard	0.21 46.73 Vanguard
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Good	Good	Solid	Very Weak	OK	Solid	Solid	Very Weak	Solid	Modest
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Under Valued	Under Valued	Fairly Valued	Fairly Valued	Under Valued	Under Valued	Fairly Valued	Under Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Buy	Strong Buy	Strong Buy	Cautious Hold	Strong Hold	Strong Buy	Strong Buy	Hold	Strong Buy	Cautious Hold
Price To Sales	31.92	1.93	1.9	N/A	1.43	2.98	1.57	1.0	1.25	1.2
Equity Positions Weight	99.06	99.92	99.82	N/A	99.75	99.74	98.97	97.25	97.71	96.93
Three Year Return	10.5	11.4	11.5	-1.8	10.6	11.4	6.4	3.4	7.0	1.0
Net Asset	1.15 T	367.35 B	294.73 B	268.1 B	149.28 B	136.74 B	136.4 B	134.45 B	114.93 B	83.02 B
Price To Book	2.59	2.75	2.7	N/A	2.07	4.29	2.46	1.44	2.06	1.52
Five Year Return	15.3	15.8	15.9	0.1	11.4	19.8	11.8	6.2	11.2	4.6
One Year Return	35.8	35.4	35.6	5.8	27.5	43.4	31.2	13.8	32.3	18.6
Last Dividend Paid	0.7	1.37	0.8	0.14	0.7	0.42	0.51	0.2	0.32	0.17
Bond Positions Weight	N/A	N/A	N/A	7.99	N/A	N/A	N/A	N/A	N/A	N/A
Ten Year Return	12.9	13.3	13.3	1.6	10.4	16.0	10.3	5.5	9.9	3.9
Price To Earning	4.64	21.44	2.9	N/A	73.58	4.99	8.85	15.67	3.94	6.21
Beta	1.04	1.0	1.0	0.99	0.8	1.2	1.06	1.09	1.1	0.86
Day Typical Price	299.39	606.34	609.31	73.29	175.83	424.58	278.56	50.48	256.08	46.67
Accumulation Distribution	N/A	0.0087	0.0083	0.0016	0.0018	0.0163	0.0048	0.0071	0.0082	0.0041
Market Facilitation Index	N/A	5.31	5.09	0.12	0.32	6.96	1.34	0.36	2.11	0.19
Daily Balance Of Power	(9,223,372,036,855)	1.0	1.0	(1.33)	(1.00)	1.0	1.0	1.0	1.0	0.5263
Period Momentum Indicator	(1.13)	5.31	5.09	(0.16)	(0.32)	6.96	1.34	0.36	2.11	0.1
Rate Of Daily Change	1.0	1.01	1.01	1.0	1.0	1.02	1.0	1.01	1.01	1.0
Day Median Price	299.39	605.45	608.46	73.31	175.88	423.42	278.34	50.42	255.72	46.64
Price Action Indicator	(0.56)	5.31	5.09	(0.14)	(0.32)	6.96	1.34	0.36	2.11	0.14
Relative Strength Index	93.21	91.64	91.64	53.84	87.22	90.53	96.39	40.11	97.31	33.33
Coefficient Of Variation	409.33	423.37	423.86	(1,450)	890.65	386.47	425.22	(5,685)	456.82	1090.43
Mean Deviation	0.4992	0.4685	0.4726	0.2257	0.4807	0.6463	0.5338	0.5791	0.7028	0.8151
Jensen Alpha	0.0647	0.0609	0.0616	(0.03)	(0.03)	0.1418	0.0547	(0.06)	0.0635	0.0744
Total Risk Alpha	0.0489	0.0413	0.0414	(0.08)	(0.04)	0.0818	0.0428	(0.14)	0.0476	(0.09)
Sortino Ratio	0.067	0.0465	0.0471	N/A	(0.11)	0.1104	0.0679	N/A	0.1094	(0.02)
Downside Variance	0.4158	0.4524	0.4584	N/A	0.2241	1.03	0.3041	N/A	0.5885	1.13
Standard Deviation	0.6863	0.6592	0.6626	0.3081	0.624	0.915	0.6883	0.7476	0.9518	1.16
Kurtosis	3.26	2.98	2.88	1.28	3.32	2.07	1.41	0.7643	3.09	1.54
Potential Upside	0.9944	1.03	1.08	0.3955	1.05	1.66	1.33	1.21	1.68	2.17
Treynor Ratio	0.1941	0.1965	0.1976	1.32	0.0763	0.3054	0.1788	(0.07)	0.1684	0.5083
Maximum Drawdown	4.07	3.77	3.75	1.35	3.47	5.33	3.69	3.86	5.31	6.41
Variance	0.471	0.4346	0.4391	0.0949	0.3893	0.8373	0.4737	0.5589	0.9059	1.34
Market Risk Adjusted Performance	0.2041	0.2065	0.2076	1.33	0.0863	0.3154	0.1888	(0.06)	0.1784	0.5183
Risk Adjusted Performance	0.1759	0.1697	0.1695	(0.06)	0.0795	0.189	0.1694	(0.01)	0.1605	0.07
Skewness	0.3958	0.1268	0.1187	0.0805	1.21	(0.38)	0.6468	0.4276	1.1	0.3429
Semi Deviation	0.4005	0.4021	0.4066	N/A	0.3653	0.6096	0.3161	N/A	0.4835	0.929
Information Ratio	0.063	0.0474	0.0481	(0.47)	(0.09)	0.1228	0.0544	(0.18)	0.0882	(0.02)
Value At Risk	(0.91)	(0.90)	(0.91)	(0.60)	(0.71)	(1.34)	(0.93)	(1.28)	(1.14)	(1.85)
Expected Short fall	(0.58)	(0.51)	(0.51)	N/A	(0.58)	(0.68)	(0.64)	N/A	(0.78)	(0.89)
Downside Deviation	0.6448	0.6726	0.6771	N/A	0.4734	1.02	0.5515	N/A	0.7671	1.06
Semi Variance	0.1604	0.1616	0.1654	N/A	0.1335	0.3717	0.0999	N/A	0.2338	0.863

First Trust Competition Performance Charts

Five steps to successful analysis of First Trust Competition

First Trust's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by First Trust in relation to its competition. First Trust's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of First Trust in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact First Trust's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to First Trust, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your First Trust position

In addition to having First Trust in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Measuring and Control Equipment Thematic Idea Now

Measuring and Control Equipment

Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Measuring and Control Equipment theme has 61 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Measuring and Control Equipment Theme or any other thematic opportunities.

View All Next

Launch

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Other Tools for First Etf

When running First Trust's price analysis, check to measure First Trust's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Trust is operating at the current time. Most of First Trust's value examination focuses on studying past and present price action to predict the probability of First Trust's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Trust's price. Additionally, you may evaluate how the addition of First Trust to your portfolios can decrease your overall portfolio volatility.

	Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges
	Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
	Portfolio Anywhere Track or share privately all of your investments from the convenience of any device
	Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance

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

2024 Macroaxis LLC