FT Vest Correlations
FDND Etf | 23.03 0.20 0.88% |
The current 90-days correlation between FT Vest Dow and Global X Dow is 0.59 (i.e., Very weak diversification). The correlation of FT Vest 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.
FT Vest Correlation With Market
Average diversification
The correlation between FT Vest Dow and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FT Vest Dow and DJI in the same portfolio, assuming nothing else is changed.
FDND |
Moving together with FDND Etf
0.82 | XYLD | Global X SP | PairCorr |
0.87 | RYLD | Global X Russell | PairCorr |
0.97 | JEPQ | JPMorgan Nasdaq Equity | PairCorr |
0.96 | NUSI | NEOS ETF Trust | PairCorr |
0.85 | BUYW | Main Buywrite ETF | PairCorr |
0.93 | BITX | Volatility Shares Trust Low Volatility | PairCorr |
0.84 | CRPT | First Trust SkyBridge | PairCorr |
0.89 | TSLL | Direxion Shares ETF Aggressive Push | PairCorr |
0.91 | FNGU | MicroSectors FANG Index | PairCorr |
0.88 | VCAR | Simplify Volt RoboCar Symbol Change | PairCorr |
0.75 | BAC | Bank of America | PairCorr |
0.9 | AXP | American Express Earnings Call This Week | PairCorr |
0.86 | CSCO | Cisco Systems Aggressive Push | PairCorr |
Moving against FDND Etf
0.54 | IDME | International Drawdown | PairCorr |
0.43 | NVDX | T Rex 2X Low Volatility | PairCorr |
0.38 | KNG | FT Cboe Vest | PairCorr |
0.32 | NVDL | GraniteShares 15x Long Aggressive Push | PairCorr |
0.31 | NVDU | Direxion Daily NVDA | PairCorr |
0.85 | JNJ | Johnson Johnson Earnings Call Today | PairCorr |
0.78 | KO | Coca Cola Sell-off Trend | PairCorr |
0.61 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
0.54 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
0.53 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
0.51 | HPQ | HP Inc | PairCorr |
0.45 | INTC | Intel Earnings Call Tomorrow | PairCorr |
0.32 | VZ | Verizon Communications Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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FT Vest Constituents Risk-Adjusted Indicators
There is a big difference between FDND Etf performing well and FT Vest 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 FT Vest'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
DJIA | 0.36 | 0.06 | 0.07 | 0.29 | 0.32 | 0.98 | 4.28 | |||
VEGA | 0.45 | 0.01 | (0.01) | 0.08 | 0.58 | 0.90 | 2.41 | |||
DYLG | 0.47 | 0.03 | 0.01 | 0.92 | 0.53 | 0.95 | 5.31 | |||
FDND | 0.83 | 0.21 | 0.15 | 0.84 | 0.88 | 1.75 | 6.58 | |||
GQI | 0.53 | 0.05 | 0.04 | 1.42 | 0.72 | 1.03 | 4.75 | |||
XYLG | 0.46 | 0.06 | 0.06 | 0.24 | 0.54 | 1.15 | 3.77 | |||
PAPI | 0.50 | (0.02) | 0.00 | (0.10) | 0.00 | 1.06 | 4.09 | |||
GLDI | 0.59 | 0.04 | 0.02 | 0.33 | 0.87 | 1.11 | 5.00 | |||
GPIQ | 0.66 | 0.09 | 0.07 | 0.33 | 0.78 | 1.45 | 4.80 |