First Trust Dorsey Wright Momentum & Dividend ETF
ALTAR
Score™
5.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
19.5x P/Sales
ratio
2.9x
P/BV
ratio
3.6x Div.
yield
3.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust Dorsey Wright Momentum & Dividend ETF (formerly the First Trust RBA Quality Income ETF) tracks the Dorsey Wright Momentum Plus Dividend Yield Index, a rules-based equity index which holds the 50 highest dividend yielding stocks within the NASDAQ US Large Mid Cap Index that maintain high levels of relative strength.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Mar 10, 2014
Assets (mns) $30
Currency USD
Expense ratio 60 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Brown Brothers Harriman & Co
Weighting Proprietary
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 50
Wgt avg mkt cap (mns) $57,624
Large cap (>$10bn) 74.8%
Mid cap ($2-10bn) 25.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BROADCOM INC. 4.3 %
BLACKSTONE GROUP LP/THE 3.7 %
DOMINION RESOURCES INC/VA 3.6 %
SEAGATE TECHNOLOGY 3.4 %
NRG ENERGY INC 3.3 %
CORESITE REALTY CORP 3.2 %
QUALCOMM INC 3.2 %
FASTENAL CO 3.1 %
PACKAGING CORP OF AMERICA 3.1 %
HOME DEPOT INC 3.0 %
Total 33.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.8 %
IRELAND 3.4 %
SWITZERLAND 2.7 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-24.0% -17.6% 1.4% -- 2.4%

Market Correlations
versus... Beta R-squared
S&P500 1.04 74%
MSCI EAFE 1.10 73%
MSCI Emg. Mkts. 0.74 51%

Technical Indicators
Recent close $20.08
30d moving avg. $20.04
Annualized volatility 20.4%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.8%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 16
Turnover 1.1%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $18,128

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Dorsey Wright Momentum & Dividend ETF ETF based on the alternatives' overlap in portfolio holdings with DDIV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DDIV Expense: 60 bp ALTAR Score™: 5.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DDIV
Ticker Fund
Name
Overlap1
vs DDIV
(%)
Expense
ratio
(bp)
Savings
vs DDIV
(bp)
ALTAR
Score™
(%)
ALTAR
vs DDIV
(%)
DVLU First Trust Dorsey Wright Momentum & Value ETF 27.8 60 0 6.0 +0.5
QDIV Global X S&P 500 Quality Dividend ETF 20.8 20 40 7.7 +2.3
USDY Pacific Global US Equity Income ETF 20.6 29 31 7.3 +1.9
VIG Vanguard Dividend Appreciation Index Fund 18.8 6 54 5.5 +0.1
PUI Invesco DWA Utilities Momentum ETF 18.5 60 0 4.8 -0.7
TPHD Timothy Plan High Dividend Stock ETF 18.3 52 8 7.8 +2.3
VYM Vanguard High Dividend Yield Index ETF 18.0 6 54 7.5 +2.0
PFM Invesco Dividend Achievers ETF 17.3 54 6 5.5 +0.1
RYU Invesco S&P 500 Equal Weight Utilities ETF 17.3 40 20 6.3 +0.9
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 17.2 60 0 3.4 -2.0
LSLT Salt Low truBeta US Market ETF 17.0 29 31 6.1 +0.7
QDF FlexShares Quality Dividend Index Fund 16.8 37 23 6.2 +0.8
FDRR Fidelity Dividend ETF for Rising Rates 16.5 29 31 7.1 +1.7
FLQL Franklin LibertyQ U.S. Equity ETF 16.4 15 45 6.4 +0.9
JHMU John Hancock Multifactor Utilities ETF 16.3 40 20 6.1 +0.7
SPMV Invesco S&P 500 Minimum Variance ETF 16.1 10 50 5.9 +0.5
FVD First Trust Value Line Dividend Index Fund 16.0 70 -10 6.5 +1.0
DGRO iShares Core Dividend Growth ETF 15.9 8 52 6.7 +1.3
OUSA O'Shares FTSE US Quality Dividend ETF 15.9 48 12 5.8 +0.3
FXU First Trust Utilities AlphaDEX Fund 15.8 63 -3 6.4 +0.9
QDYN FlexShares Quality Dividend Dynamic Index Fund 15.6 37 23 6.3 +0.9
DLN WisdomTree U.S. LargeCap Dividend Fund 15.2 28 32 6.5 +1.0
DGRW WisdomTree U.S. Quality Dividend Growth Fund 15.0 28 32 6.6 +1.1
IDU iShares U.S. Utilities ETF 15.0 43 17 5.6 +0.2
KLCD KFA Large Cap Quality Dividend Index ETF 14.9 41 19 5.4 -0.0
GRI ALPS REIT Dividend Dogs ETF 14.9 35 25 16.5 +11.0
VPU Vanguard Utilities Index Fund 14.8 10 50 5.9 +0.4
FUTY Fidelity MSCI Utilities Index ETF 14.8 8 52 5.9 +0.4
QDEF FlexShares Quality Dividend Defensive Index Fund 14.5 37 23 5.9 +0.5
JMIN JPMorgan U.S. Minimum Volatility ETF 14.3 12 48 5.9 +0.5
DTD WisdomTree U.S.Total Dividend Fund 14.3 28 32 6.7 +1.3
JDIV JPMorgan U.S. Dividend ETF 14.1 12 48 8.0 +2.5
FQAL Fidelity Quality Factor ETF 14.0 29 31 5.5 +0.1
RNDV US Equity Dividend Select ETF 13.9 50 10 7.7 +2.3
DURA VanEck Vectors Morningstar Durable Dividend ETF 13.9 29 31 7.3 +1.9
XLU Utilities Select Sector SPDR Fund 13.7 13 47 5.9 +0.5
PFI Invesco DWA Financial Momentum ETF 13.5 60 0 3.6 -1.9
VSDA VictoryShares Dividend Accelerator ETF 13.1 35 25 4.9 -0.5
FLLV Franklin Liberty U.S. Low Volatility ETF 13.1 29 31 5.9 +0.5
DTN WisdomTree U.S. Dividend ex-Financials Fund 13.0 38 22 8.0 +2.6
ACIO Aptus Collared Income Opportunity ETF 12.8 79 -19 4.4 -1.1
SPLV Invesco S&P 500 Low Volatility ETF 12.8 25 35 5.8 +0.4
DEF Invesco Defensive Equity ETF 12.7 55 5 5.2 -0.3
SCHV Schwab U.S. Large-Cap Value ETF 12.7 4 56 7.3 +1.9
RAFE PIMCO RAFI ESG U.S. ETF 12.6 29 31 7.9 +2.5
SPMO Invesco S&P 500 Momentum ETF 12.6 13 47 4.4 -1.0
NOBL ProShares S&P 500 Dividend Aristocrats ETF 12.4 35 25 6.2 +0.8
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 12.4 75 -15 5.9 +0.4
USMV iShares Edge MSCI Min Vol USA ETF 12.4 15 45 5.5 +0.1
JQUA JPMorgan U.S. Quality Factor ETF 12.4 12 48 5.3 -0.1
FDVV Fidelity Core Dividend ETF 12.4 29 31 7.2 +1.8
LGLV SPDR Russell 1000 Low Volatility ETF 12.3 12 48 5.7 +0.3
FVL First Trust Value Line 100 Exchange-Traded Fund 12.2 70 -10 5.2 -0.3
JXI iShares Global Utilities ETF 11.9 46 14 6.0 +0.6
RECS Columbia Research Enhanced Core ETF 11.8 15 45 5.7 +0.3
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 11.8 15 45 6.9 +1.5
PSR Invesco Active U.S. Real Estate Fund 11.7 35 25 6.2 +0.8
DIVB iShares U.S. Dividend & Buyback ETF 11.7 25 35 6.7 +1.3
JKD iShares Morningstar Large-Cap ETF 11.7 20 40 5.7 +0.3
DSTL Distillate US Fundamental Stability & Value ETF 11.7 39 21 6.6 +1.2
SCHH Schwab U.S. REIT ETF 11.7 7 53 6.6 +1.2
SPHQ Invesco S&P 500 Quality ETF 11.6 15 45 4.7 -0.7
RORE Hartford Multifactor REIT ETF 11.6 45 15 15.2 +9.7
DVY iShares Select Dividend ETF 11.5 39 21 9.8 +4.3
IYR iShares U.S. Real Estate ETF 11.4 42 18 6.5 +1.1
FREL Fidelity MSCI Real Estate Index ETF 11.4 8 52 6.6 +1.2
PSET Principal Price Setters Index ETF 11.3 29 31 4.6 -0.8
BIBL Inspire ETF 11.3 35 25 4.9 -0.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 11.2 29 31 6.3 +0.9
EQWL Invesco Russell Top 200 Equal Weight ETF 11.2 25 35 6.2 +0.8
QLC FlexShares US Quality Large Cap Index Fund 11.1 32 28 5.4 +0.0
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 11.1 75 -15 6.0 +0.6
TDIV First Trust NASDAQ Technology Dividend Index Fund 11.1 50 10 5.9 +0.5
SPXT ProShares S&P 500 Ex-Technology ETF 11.0 27 33 5.7 +0.3
ADME Aptus Drawdown Managed Equity ETF 10.9 81 -21 3.6 -1.8
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 10.9 75 -15 6.2 +0.8
EWRE Invesco S&P 500 Equal Weight Real Estate ETF 10.9 40 20 6.9 +1.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 10.8 20 40 5.0 -0.4
YLDE ClearBridge Dividend Strategy ESG ETF 10.8 60 0 5.0 -0.4
VNQ Vanguard REIT Index Fund 10.8 12 48 6.6 +1.2
IQSU IQ Candriam ESG US Equity ETF 10.7 9 51 5.2 -0.3
SRVR Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF 10.7 60 0 2.5 -3.0
QUAL iShares MSCI Usa Quality Factor ETF 10.6 15 45 5.5 +0.1
FRI First Trust S&P REIT Index Fund 10.6 50 10 7.0 +1.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 10.6 19 41 5.7 +0.3
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 10.6 11 49 7.4 +1.9
FDLO Fidelity Low Volatility Factor ETF 10.6 29 31 5.2 -0.3
USRT iShares Core U.S. REIT ETF 10.5 8 52 7.4 +2.0
QUS SPDR MSCI USA StrategicFactors ETF 10.5 15 45 5.9 +0.5
SPXN ProShares S&P 500 Ex-Financials ETF 10.5 27 33 5.0 -0.4
SPXE ProShares S&P 500 Ex-Energy ETF 10.5 27 33 5.4 -0.0
IWL iShares Russell Top 200 ETF 10.5 15 45 5.1 -0.3
SCIU Global X Scientific Beta US ETF 10.4 19 41 5.9 +0.4
BKLC BNY Mellon US Large Cap Core Equity ETF 10.4 0 60 5.3 -0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 10.4 20 40 5.4 0.0
LVUS Hartford Multifactor Low Volatility US Equity ETF 10.4 19 41 6.1 +0.7
PBP Invesco S&P 500 BuyWrite ETF 10.4 49 11 5.0 -0.4
SMH VanEck Vectors Semiconductor ETF 10.3 35 25 5.6 +0.2
SOXX iShares PHLX Semiconductor ETF 10.3 46 14 5.5 +0.0
PSI Invesco Dynamic Semiconductors ETF 10.3 58 2 5.0 -0.5

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
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
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 Dorsey Wright Momentum & Dividend 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™


Calculation of ALTAR Score™
Avg. Return on Equity 20.6 %
Divided by: Fwd. P/BV 3.4 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.52
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.