First Trust Dorsey Wright Momentum & Value ETF
ALTAR
Score™
8.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
15.9x P/Sales
ratio
1.1x
P/BV
ratio
2.3x Div.
yield
1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust Dorsey Wright Momentum & Value ETF tracks a rules-based index consisting of the 50 most undervalued stocks in the NASDAQ US Large Mid Index that exhibit high levels of relative strength.

FUND BASICS
Category US Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Sep 05, 2018
Assets (mns) $28
Currency USD
Expense ratio 60 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Fundamental
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 50
Wgt avg mkt cap (mns) $23,721
Large cap (>$10bn) 64.9%
Mid cap ($2-10bn) 33.9%
Small cap (<$2bn) 1.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
GENERAL MOTORS CO 4.4 %
CBS CORP-CLASS B NON VOTING 3.7 %
ALLY FINANCIAL INC 3.5 %
SYNCHRONY FINANCIAL 3.2 %
HCA HOLDINGS INC 3.2 %
L BRANDS, INC. 3.1 %
REGIONS FINANCIAL CORP 3.1 %
AUTONATION INC 3.1 %
NEXSTAR BROADCASTING GROUP-A 3.0 %
US FOODS HOLDING CORP. 3.0 %
Total 33.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.8 %
BERMUDA 2.8 %
BRITAIN 2.6 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.7% -6.7% -- -- -1.9%

Market Correlations
versus... Beta R-squared
S&P500 1.37 87%
MSCI EAFE 1.36 85%
MSCI Emg. Mkts. 1.13 70%

Technical Indicators
Recent close $19.39
30d moving avg. $18.37
Annualized volatility 30.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 11
Turnover 0.8%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $10,470

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the First Trust Dorsey Wright Momentum & Value ETF ETF based on the alternatives' overlap in portfolio holdings with DVLU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DVLU Expense: 60 bp ALTAR Score™: 8.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DVLU
Ticker Fund
Name
Overlap1
vs DVLU
(%)
Expense
ratio
(bp)
Savings
vs DVLU
(bp)
ALTAR
Score™
(%)
ALTAR
vs DVLU
(%)
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 37.2 60 0 6.5 -2.1
FXD First Trust Consumer Discretionary AlphaDEX Fund 21.4 64 -4 4.7 -3.9
XHB SPDR S&P Homebuilders ETF 20.4 35 25 6.9 -1.7
SPVM Invesco S&P 500 Value with Momentum ETF 18.5 39 21 7.7 -0.9
RCD Invesco S&P 500 Equal Weight Consumer Discretionary ETF 18.1 40 20 4.7 -3.9
COWZ Pacer US Cash Cows 100 ETF 16.5 49 11 10.2 +1.6
SPGP Invesco S&P 500 GARP ETF 14.3 34 26 6.2 -2.4
WLDR Affinity World Leaders Equity ETF 14.1 47 13 7.9 -0.6
QVAL Alpha Architect U.S. Quantitative Value ETF 13.8 49 11 7.9 -0.7
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 13.2 25 35 6.8 -1.8
FTA First Trust Large Cap Value AlphaDEX Fund 13.0 60 0 7.3 -1.3
ITB iShares U.S. Home Construction ETF 13.0 42 18 7.6 -1.0
VLUE iShares MSCI USA Value Factor ETF 12.9 15 45 9.6 +1.0
VOE Vanguard Mid-Cap Value Index Fund 12.7 7 53 6.6 -2.0
HOMZ Hoya Capital Housing ETF 12.6 30 30 6.8 -1.8
VALQ American Century STOXX U.S. Quality Value ETF 12.0 29 31 7.8 -0.8
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 11.7 29 31 7.2 -1.4
VUSE Vident Core US Equity Fund 11.6 48 12 7.3 -1.3
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 11.5 20 40 6.6 -2.0
ONEY SPDR Russell 1000 Yield Focus ETF 11.2 20 40 7.2 -1.4
ALTL Pacer Lunt Large Cap Alternator ETF 11.2 60 0 5.6 -3.0
SPHB Invesco S&P 500 High Beta ETF 11.1 25 35 5.9 -2.7
JHMI John Hancock Multifactor Industrials ETF 10.8 40 20 5.0 -3.6
JHMC John Hancock Multifactor Consumer Discretionary ETF 10.7 40 20 3.5 -5.1
SYLD Cambria Shareholder Yield ETF 10.6 59 1 7.1 -1.5
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 10.4 63 -3 5.1 -3.5
LRGF iShares Edge MSCI Multifactor USA ETF 10.3 20 40 6.0 -2.5
PSL Invesco DWA Consumer Staples Momentum ETF 10.1 60 0 5.1 -3.5
SLT Pacer Salt High TruBeta US Market ETF 10.1 60 0 4.5 -4.1
RFG Invesco S&P Midcap 400 Pure Growth ETF 9.9 35 25 3.3 -5.3
FTXR First Trust Nasdaq Transportation ETF 9.7 60 0 5.8 -2.8
SPVU Invesco S&P 500 Enhanced Value ETF 9.6 13 47 9.4 +0.8
PKB Invesco Dynamic Building & Construction ETF 9.5 59 1 5.1 -3.5
ONEO SPDR Russell 1000 Momentum Focus ETF 9.5 20 40 5.6 -3.0
FVAL Fidelity Value Factor ETF 9.5 29 31 6.8 -1.8
SPDV AAM S&P 500 High Dividend Value ETF 9.4 29 31 8.5 -0.1
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 9.3 30 30 5.3 -3.2
JKI iShares Morningstar Mid-Cap Value ETF 9.3 30 30 7.6 -1.0
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 9.2 60 0 4.6 -4.0
VFMF Vanguard U.S. Multifactor ETF 9.2 19 41 6.1 -2.5
BUL Pacer US Cash Cows Growth ETF 8.9 60 0 4.3 -4.3
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 8.9 35 25 7.7 -0.9
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 8.9 35 25 7.7 -0.9
KLCD KFA Large Cap Quality Dividend Index ETF 8.8 42 18 5.0 -3.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 8.7 18 42 5.6 -3.0
XRT SPDR S&P Retail ETF 8.7 35 25 4.8 -3.8
RGI Invesco S&P 500 Equal Weight Industrials ETF 8.6 40 20 4.2 -4.4
FAB First Trust Multi Cap Value AlphaDEX Fund 8.5 71 -11 7.5 -1.1
VFVA Vanguard U.S. Value Factor ETF 8.4 14 46 8.4 -0.2
IWS iShares Russell Mid-Cap Value ETF 8.3 24 36 5.9 -2.7
JVAL JPMorgan U.S. Value Factor ETF 8.3 12 48 7.1 -1.5
PY Principal Shareholder Yield Index ETF 8.2 15 45 7.8 -0.8
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 8.2 24 36 5.4 -3.2
ESGS Columbia Sustainable U.S. Equity Income ETF 8.2 35 25 7.4 -1.2
XMMO Invesco S&P MidCap Momentum ETF 8.1 34 26 3.4 -5.2
JKG iShares Morningstar Mid-Cap ETF 8.1 25 35 4.4 -4.2
XMVM Invesco S&P MidCap Value with Momentum ETF 8.0 39 21 8.0 -0.6
RWK Invesco S&P MidCap 400 Revenue ETF 8.0 39 21 6.3 -2.2
FEX First Trust Large Cap Core AlphaDEX Fund 8.0 60 0 4.6 -3.9
STMB iShares Factors US Mid Blend Style ETF 7.8 30 30 4.9 -3.7
RWL Invesco S&P 500 Revenue ETF 7.8 39 21 6.2 -2.3
SCHD Schwab U.S. Dividend Equity ETF 7.8 6 54 7.1 -1.5
JHMM John Hancock Multifactor Mid Cap ETF 7.7 42 18 4.7 -3.9
LYFE 2nd Vote Life Neutral Plus ETF 7.7 75 -15 5.6 -3.0
NUMV Nuveen ESG Mid-Cap Value ETF 7.7 40 20 6.0 -2.6
XLY Consumer Discretionary Select Sector SPDR Fund 7.7 13 47 3.1 -5.5
RVRS Reverse Cap Weighted U.S. Large Cap ETF 7.6 29 31 6.1 -2.5
JDIV JPMorgan U.S. Dividend ETF 7.5 12 48 6.7 -1.9
ACWF iShares MSCI Global Multifactor ETF 7.4 35 25 6.7 -1.9
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 7.4 17 43 5.6 -3.0
DVY iShares Select Dividend ETF 7.4 39 21 8.0 -0.6
VNSE Natixis Vaughan Nelson Select ETF 7.3 85 -25 2.7 -5.9
SYV SPDR MFS Systematic Value Equity ETF 7.3 60 0 5.9 -2.7
EGIS 2nd Vote Society Defended ETF 7.3 75 -15 5.9 -2.7
VCR Vanguard Consumer Discretionary Index Fund 7.3 10 50 3.3 -5.3
USMF WisdomTree U.S. Multifactor Fund 7.2 28 32 5.4 -3.2
STLV iShares Factors US Value Style ETF 7.1 25 35 6.5 -2.1
FDIS Fidelity MSCI Consumer Discretionary Index ETF 7.0 8 52 3.3 -5.3
QDYN FlexShares Quality Dividend Dynamic Index Fund 7.0 37 23 5.3 -3.3
IUS Invesco Strategic US ETF 6.9 19 41 5.4 -3.1
FNK First Trust Mid Cap Value AlphaDEX Fund 6.8 70 -10 7.7 -0.9
IYK iShares U.S. Consumer Goods ETF 6.8 43 17 4.3 -4.3
AVDR AVDR US LargeCap Leading ETF 6.7 60 0 3.9 -4.6
TTAC TrimTabs US Free Cash Flow Quality ETF 6.7 59 1 3.4 -5.2
MAGA Point Bridge GOP Stock Tracker ETF 6.7 72 -12 5.3 -3.3
VO Vanguard Mid-Cap Index Fund 6.7 4 56 4.5 -4.1
CLRG IQ Chaikin U.S. Large Cap ETF 6.7 25 35 5.0 -3.6
VLU SPDR S&P 1500 Value Tilt ETF 6.6 12 48 6.1 -2.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 6.6 30 30 5.0 -3.5
TUSA First Trust Total US Market AlphaDEX ETF 6.6 70 -10 4.8 -3.8
RNDV US Equity Dividend Select ETF 6.6 50 10 7.3 -1.3
VTV Vanguard Value Index Fund 6.6 4 56 6.5 -2.1
ACSI American Customer Satisfaction Core Alpha ETF 6.6 66 -6 3.5 -5.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 6.6 30 30 5.2 -3.4
DSTL Distillate US Fundamental Stability & Value ETF 6.6 39 21 5.6 -3.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 6.5 25 35 5.7 -2.8
MDYG SPDR S&P 400 Mid Cap Growth ETF 6.5 15 45 3.7 -4.9
IJK iShares S&P Mid-Cap 400 Growth ETF 6.5 17 43 3.7 -4.9
AFLG First Trust Active Factor Large Cap ETF 6.5 55 5 4.7 -3.9

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 & Value ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 18.5 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 CATEGORY
AVERAGE
1.49
 
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.