First Trust Active Factor Small Cap ETF
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
AFSM is an actively managed portfolio of US small-cap companies that exhibit exposure to one or more investing factors. |
Category | US Equities |
Fund Sponsor | First Trust |
Website | www.ftportfolios.com |
Inception date | Dec 04, 2019 |
Assets (mns) | $2 |
Currency | USD |
Expense ratio | 77 bp |
Distributions | Quarterly |
Regulation | Open-Ended Fund |
Custodian | |
Weighting | Proprietary |
Index replication | |
Uses derivatives | No |
Options available | No |
No. of constituents | 348 |
Wgt avg mkt cap (mns) | $3,429 |
Large cap (>$10bn) | 4.6% |
Mid cap ($2-10bn) | 54.1% |
Small cap (<$2bn) | 40.4% |
Developed mkts | 100.0% |
Emerging mkts | 0.0% |
GENERAC HOLDINGS INC | 1.1 % |
BOISE CASCADE CO | 1.0 % |
PROVIDENCE SERVICE CORP | 1.0 % |
HIBBETT SPORTS INC | 0.9 % |
REDFIN CORPORATION | 0.9 % |
LHC GROUP INC | 0.8 % |
CELSIUS HOLDINGS, INC. | 0.8 % |
ENPHASE ENERGY INC | 0.8 % |
RH | 0.8 % |
BLACKLINE, INC. | 0.8 % | Total | 8.9 % |
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UNITED STATES | 97.4 % |
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BERMUDA | 0.8 % |
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PUERTO RICO | 0.5 % |
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CANADA | 0.4 % |
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BRITAIN | 0.3 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
-- | -- | -- | -- | 0.0% |
versus... | Beta | R-squared |
S&P500 | -- | -- |
MSCI EAFE | -- | -- |
MSCI Emg. Mkts. | -- | -- |
Recent close | $24.26 |
30d moving avg. | $22.89 |
Annualized volatility | 0.0% |
Short interest (ETF) | 0.1% |
Relative strength (RSI) | 72 |
Avg. volume (thou.) | 0 |
Turnover | 0.0% |
Bid/Ask (% of price) | 0.36% |
ADV underlying (mns) | $12,913 |
FINDING ALTERNATIVE FUNDS
Below is a list of 99 potential alternatives to the First Trust Active Factor Small Cap ETF ETF based on the alternatives' overlap in portfolio holdings with AFSM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | AFSM | Expense: | 77 bp | ALTAR Score™: | 4.3% |
Ticker | Fund Name |
Overlap1 vs AFSM (%) |
Expense ratio (bp) |
Savings vs AFSM (bp) |
ALTAR Score™ (%) |
ALTAR vs AFSM (%) |
USVM | VictoryShares USAA MSCI USA Small Cap Value Momentum ETF | 33.4 | 24 | 53 | 4.9 | +0.6 |
GSSC | Goldman Sachs Activebeta U.S. Small Cap Equity ETF | 32.5 | 20 | 57 | 3.8 | -0.6 |
SMLF | iShares Edge MSCI Multifactor USA Small-Cap ETF | 32.1 | 30 | 47 | 6.1 | +1.7 |
VTWO | Vanguard Russell 2000 Index Fund | 32.1 | 10 | 67 | 2.7 | -1.7 |
JPSE | JPMorgan Diversified Return U.S. Small Cap Equity ETF | 31.8 | 29 | 48 | 4.2 | -0.1 |
AFMC | First Trust Active Factor Mid Cap ETF | 28.4 | 65 | 12 | 5.2 | +0.9 |
CSF | VictoryShares US Discovery Enhanced Volatility Weighted Idx | 28.2 | 35 | 42 | 6.0 | +1.7 |
CSA | VictoryShares US Small Cap Volatility Weighted Index ETF | 28.2 | 35 | 42 | 6.0 | +1.7 |
FYX | First Trust Small Cap Core AlphaDEX Fund | 28.0 | 63 | 14 | 5.4 | +1.1 |
VTWG | Vanguard Russell 2000 Growth Index Fund | 27.9 | 15 | 62 | 0.1 | -4.3 |
IWO | iShares Russell 2000 Growth ETF | 27.8 | 24 | 53 | -0.1 | -4.4 |
STSB | iShares Factors US Small Blend Style ETF | 27.6 | 35 | 42 | 2.9 | -1.4 |
TPSC | Timothy Plan US Small Cap Core ETF | 26.7 | 52 | 25 | 5.7 | +1.3 |
OMFS | Invesco Russell 2000 Dynamic Multifactor ETF | 26.7 | 39 | 38 | 3.9 | -0.4 |
FLQS | Franklin LibertyQ U.S. Small Cap Equity ETF | 26.6 | 35 | 42 | 4.9 | +0.6 |
IWM | iShares Russell 2000 ETF | 26.6 | 19 | 58 | 2.5 | -1.8 |
BBSC | JPMorgan BetaBuilders U.S. Small Cap Equity ETF | 26.6 | 9 | 68 | 3.3 | -1.0 |
ROSC | Hartford Multifactor Small Cap ETF | 25.9 | 34 | 43 | 6.5 | +2.2 |
SQLV | Legg Mason Small-Cap Quality Value | 24.7 | 62 | 15 | 4.1 | -0.2 |
FSMD | Fidelity Small-Mid Factor ETF | 23.6 | 29 | 48 | 5.3 | +1.0 |
SLY | SPDR S&P 600 Small Cap ETF | 23.4 | 15 | 62 | 5.5 | +1.2 |
SPSM | SPDR Portfolio Small Cap ETF | 23.4 | 5 | 72 | 5.6 | +1.3 |
IJR | iShares Core S&P Small Cap ETF | 23.2 | 6 | 71 | 5.6 | +1.3 |
VIOO | Vanguard S&P Small-Cap 600 ETF | 23.2 | 10 | 67 | 5.5 | +1.2 |
EWSC | Invesco S&P Smallcap 600 Equal Weight ETF | 23.1 | 40 | 37 | 5.1 | +0.7 |
EES | WisdomTree SmallCap Earnings Fund | 22.8 | 38 | 39 | 7.5 | +3.2 |
SCHA | Schwab U.S. Small-Cap ETF | 22.8 | 4 | 73 | 3.6 | -0.7 |
CSML | IQ Chaikin U.S. Small Cap ETF | 22.5 | 35 | 42 | 2.8 | -1.5 |
AVUV | Avantis U.S. Small Cap Value ETF | 22.5 | 25 | 52 | 6.4 | +2.1 |
XJR | iShares ESG Screened S&P Small-Cap ETF | 22.3 | 12 | 65 | 5.7 | +1.4 |
PQSG | PGIM QMA Strategic Alpha Small-Cap Growth ETF | 22.3 | 29 | 48 | -0.3 | -4.6 |
SSLY | Syntax Stratified SmallCap ETF | 21.6 | 30 | 47 | 4.9 | +0.5 |
PSC | Principal U.S. Small Cap Index ETF | 20.0 | 38 | 39 | 4.5 | +0.2 |
ISMD | Inspire Small/Mid Cap Impact ETF | 20.0 | 60 | 17 | 4.3 | -0.0 |
ESML | iShares MSCI USA Small-Cap ESG Optimized ETF | 20.0 | 17 | 60 | 4.0 | -0.3 |
JKK | iShares Morningstar Small-Cap Growth ETF | 20.0 | 30 | 47 | 0.6 | -3.7 |
FNY | First Trust Mid Cap Growth AlphaDEX Fund | 20.0 | 70 | 7 | 1.6 | -2.7 |
PBSM | Invesco PureBeta MSCI USA Small Cap ETF | 19.7 | 6 | 71 | 4.0 | -0.3 |
SLYG | SPDR S&P 600 Small Cap Growth ETF | 19.7 | 15 | 62 | 4.4 | +0.1 |
IWN | iShares Russell 2000 Value ETF | 19.6 | 24 | 53 | 5.0 | +0.7 |
NUSC | Nuveen ESG Small-Cap ETF | 19.6 | 40 | 37 | 3.9 | -0.4 |
FYC | First Trust Small Cap Growth AlphaDEX Fund | 19.6 | 70 | 7 | 1.7 | -2.6 |
BFOR | Barron's 400 ETF | 19.5 | 65 | 12 | 5.6 | +1.3 |
FYT | First Trust Small Cap Value AlphaDEX Fund | 19.4 | 72 | 5 | 8.0 | +3.7 |
PRFZ | Invesco FTSE RAFI US 1500 Small-Mid ETF | 19.2 | 39 | 38 | 3.5 | -0.8 |
VIOG | Vanguard S&P Small-Cap 600 Growth ETF | 19.2 | 16 | 61 | 4.3 | -0.1 |
FNDA | Schwab Fundamental U.S. Small Co. Index ETF | 19.1 | 25 | 52 | 4.8 | +0.5 |
XSMO | Invesco S&P SmallCap Momentum ETF | 19.0 | 39 | 38 | 3.6 | -0.7 |
IJT | iShares S&P Small-Cap 600 Growth ETF | 19.0 | 18 | 59 | 4.3 | 0.0 |
DES | WisdomTree U.S. SmallCap Dividend Fund | 18.8 | 38 | 39 | 6.7 | +2.3 |
BKSE | BNY Mellon US Small Cap Core Equity ETF | 18.7 | 4 | 73 | 4.7 | +0.4 |
SVAL | iShares US Small Cap Value Factor ETF | 18.7 | 20 | 57 | 8.4 | +4.0 |
RZG | Invesco S&P Smallcap 600 Pure Growth ETF | 18.6 | 35 | 42 | 3.7 | -0.6 |
VTWV | Vanguard Russell 2000 Value Index Fund | 18.5 | 15 | 62 | 5.2 | +0.8 |
JHSC | John Hancock Multifactor Small Cap ETF | 18.5 | 42 | 35 | 4.6 | +0.2 |
RNSC | Small Cap US Equity Select ETF | 18.5 | 60 | 17 | 6.0 | +1.7 |
EZM | WisdomTree U.S. MidCap Earnings Fund | 18.2 | 38 | 39 | 7.6 | +3.3 |
SMMV | iShares Edge MSCI Min Vol USA Small-Cap ETF | 18.0 | 20 | 57 | 3.6 | -0.7 |
VIOV | Vanguard S&P Small-Cap 600 Value ETF | 17.8 | 15 | 62 | 6.9 | +2.6 |
RWJ | Invesco S&P SmallCap 600 Revenue ETF | 17.8 | 39 | 38 | 5.1 | +0.7 |
FNX | First Trust Mid Cap Core AlphaDEX Fund | 17.7 | 61 | 16 | 5.1 | +0.8 |
IUSS | Invesco Strategic US Small Company ETF | 17.3 | 23 | 54 | 3.6 | -0.7 |
VFQY | Vanguard U.S. Quality Factor ETF | 17.0 | 13 | 64 | 5.3 | +1.0 |
VFMF | Vanguard U.S. Multifactor ETF | 17.0 | 19 | 58 | 6.1 | +1.8 |
EWMC | Invesco S&P MidCap 400 Equal Weight ETF | 16.8 | 40 | 37 | 5.7 | +1.3 |
SLYV | SPDR S&P 600 Small Cap Value ETF | 16.5 | 15 | 62 | 6.9 | +2.5 |
IJS | iShares S&P Small-cap 600 Value ETF | 16.5 | 18 | 59 | 6.8 | +2.5 |
VBK | Vanguard Small-Cap Growth Index Fund | 16.4 | 7 | 70 | 1.9 | -2.4 |
VFMO | Vanguard U.S. Momentum Factor ETF | 16.1 | 13 | 64 | 1.4 | -3.0 |
SIXL | 6 Meridian Low Beta Equity Strategy ETF | 16.0 | 84 | -7 | 4.0 | -0.3 |
FAD | First Trust Multi Cap Growth AlphaDEX Fund | 15.8 | 66 | 11 | 1.8 | -2.5 |
VB | Vanguard Small-Cap ETF | 15.7 | 5 | 72 | 4.4 | +0.1 |
DWAS | Invesco DWA SmallCap Momentum ETF | 15.1 | 60 | 17 | -1.2 | -5.6 |
SMDY | Syntax Stratified MidCap ETF | 15.1 | 30 | 47 | 5.2 | +0.8 |
MDY | SPDR S&P Midcap 400 ETF Trust | 14.7 | 23 | 54 | 5.2 | +0.8 |
SPMD | SPDR Portfolio Mid Cap ETF | 14.7 | 5 | 72 | 5.3 | +1.0 |
IJH | iShares Core S&P Mid-Cap ETF | 14.7 | 5 | 72 | 5.3 | +1.0 |
IVOO | Vanguard S&P Mid-Cap 400 ETF | 14.6 | 10 | 67 | 5.3 | +1.0 |
CALF | Pacer US Small Cap Cash Cows 100 ETF | 14.5 | 59 | 18 | 8.7 | +4.4 |
XJH | iShares ESG Screened S&P Mid-Cap ETF | 14.2 | 12 | 65 | 5.4 | +1.1 |
MDYG | SPDR S&P 400 Mid Cap Growth ETF | 14.0 | 15 | 62 | 3.8 | -0.6 |
IJK | iShares S&P Mid-Cap 400 Growth ETF | 14.0 | 17 | 60 | 3.8 | -0.6 |
IVOG | Vanguard S&P Mid-Cap 400 Growth ETF | 14.0 | 15 | 62 | 4.2 | -0.1 |
PQSV | PGIM QMA Strategic Alpha Small-Cap Value ETF | 13.9 | 29 | 48 | 5.0 | +0.6 |
VAMO | Cambria Value & Momentum ETF | 13.7 | 63 | 14 | 5.3 | +1.0 |
VBR | Vanguard Small Cap Value Index Fund | 13.6 | 7 | 70 | 6.5 | +2.2 |
XSHQ | Invesco S&P SmallCap Quality ETF | 13.6 | 29 | 48 | 5.3 | +1.0 |
SMLV | SPDR SSGA US Small Cap Low Volatility Index ETF | 13.3 | 12 | 65 | 6.0 | +1.7 |
VXF | Vanguard Extended Market Index Fund | 13.1 | 6 | 71 | 2.5 | -1.8 |
VUSE | Vident Core US Equity Fund | 12.8 | 48 | 29 | 7.4 | +3.1 |
JSMD | Janus Henderson Small/Mid Cap Growth Alpha ETF | 12.7 | 30 | 47 | 4.9 | +0.6 |
SIXS | 6 Meridian Small Cap Equity ETF | 12.6 | 97 | -20 | 7.2 | +2.9 |
DGRS | WisdomTree US SmallCap Quality Dividend Growth Fund | 12.5 | 38 | 39 | 7.0 | +2.7 |
VFVA | Vanguard U.S. Value Factor ETF | 12.4 | 14 | 63 | 8.5 | +4.2 |
XSLV | Invesco S&P SmallCap Low Volatility ETF | 12.2 | 25 | 52 | 4.6 | +0.3 |
PAMC | Pacer Lunt MidCap Multi-Factor Alternator ETF | 11.8 | 60 | 17 | 3.7 | -0.7 |
BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 11.6 | 7 | 70 | 3.9 | -0.4 |
XMMO | Invesco S&P MidCap Momentum ETF | 11.5 | 34 | 43 | 3.4 | -0.9 |
XSVM | Invesco S&P SmallCap Value with Momentum ETF | 11.3 | 39 | 38 | 6.5 | +2.2 |
1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.
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RESULTS & ESTIMATES
2015 | 2016 | 2017 | 2018 | 2019 | 2020E | 2021E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
Book value per share | ** | ** | ** | ** | ** | ** | ** |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
OTHER FUNDAMENTAL METRICS
Long term EPS growth est. | **% | Debt-to-equity | **x | |
Asset turnover | **% | Assets-to-equity | **x |
*Six months ago = 100 |
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VALUATION METRICS
2019 | 2020E | 2021E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
First Trust Active Factor Small Cap ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
NEUTRAL |
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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