This module allows you to analyze existing cross correlation between First Trust Japan AlphaDEX ETF and iShares MSCI Japan ETF. You can compare the effects of market volatilities on First Trust and iShares MSCI and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in First Trust with a short position of iShares MSCI. See also your portfolio center. Please also check ongoing floating volatility patterns of First Trust and iShares MSCI.
|Time Horizon||30 Days Login to change|
First Trust Japan AlphaDEX ETF vs. iShares MSCI Japan ETF
Considering 30-days investment horizon, First Trust Japan AlphaDEX ETF is expected to under-perform the iShares MSCI. In addition to that, First Trust is 1.1 times more volatile than iShares MSCI Japan ETF. It trades about -0.31 of its total potential returns per unit of risk. iShares MSCI Japan ETF is currently generating about -0.19 per unit of volatility. If you would invest 6,033 in iShares MSCI Japan ETF on May 24, 2018 and sell it today you would lose (145.00) from holding iShares MSCI Japan ETF or give up 2.4% of portfolio value over 30 days.