This module allows you to analyze existing cross correlation between First Trust South Korea AlphaDEX ETF and iShares MSCI Germany 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 South Korea AlphaD vs. iShares MSCI Germany ETF
Considering 30-days investment horizon, First Trust South Korea AlphaDEX ETF is expected to under-perform the iShares MSCI. But the etf apears to be less risky and, when comparing its historical volatility, First Trust South Korea AlphaDEX ETF is 1.24 times less risky than iShares MSCI. The etf trades about -0.24 of its potential returns per unit of risk. The iShares MSCI Germany ETF is currently generating about -0.09 of returns per unit of risk over similar time horizon. If you would invest 3,314 in iShares MSCI Germany ETF on May 19, 2018 and sell it today you would lose (71.00) from holding iShares MSCI Germany ETF or give up 2.14% of portfolio value over 30 days.