First Trust Dorsey Wright Momentum & Value ETF
ALTAR
Score™
14.7% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
7.5x P/Sales
ratio
0.5x
P/BV
ratio
0.9x Div.
yield
3.6%


  • 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) $11
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 51
Wgt avg mkt cap (mns) $15,014
Large cap (>$10bn) 27.5%
Mid cap ($2-10bn) 67.6%
Small cap (<$2bn) 4.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ASSURANT INC 3.6 %
FIRST AMERICAN FINANCIAL 3.5 %
OSHKOSH CORP 3.3 %
OLD REPUBLIC INTL CORP 3.2 %
GRAPHIC PACKAGING HOLDING CO 3.1 %
VOYA FINANCIAL INC 3.0 %
JACOBS ENGINEERING GROUP INC 3.0 %
AFLAC INC 3.0 %
SYNNEX CORP 3.0 %
EMCOR GROUP INC 2.9 %
Total 31.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.7 %
PUERTO RICO 2.7 %
BERMUDA 2.4 %
IRELAND 1.4 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-38.2% -30.8% -- -- -26.2%

Market Correlations
versus... Beta R-squared
S&P500 1.53 89%
MSCI EAFE 1.58 87%
MSCI Emg. Mkts. 1.23 74%

Technical Indicators
Recent close $10.95
30d moving avg. $14.22
Annualized volatility 32.5%
Short interest (ETF) 0.6%
Relative strength (RSI) 31

Liquidity measures
Avg. volume (thou.) 15
Turnover 1.4%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $5,388

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 14.7%


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
(%)
KIE SPDR S&P Insurance ETF 17.5 35 25 12.1 -2.6
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 15.0 60 0 10.0 -4.8
QVM Arrow QVM Equity Factor ETF 13.9 65 -5 15.0 +0.3
IAK iShares U.S. Insurance ETF 13.2 43 17 12.3 -2.4
VUSE Vident Core US Equity Fund 12.1 48 12 11.3 -3.5
PXMV Invesco S&P MidCap Value with Momentum ETF 11.4 39 21 14.2 -0.6
VOE Vanguard Mid-Cap Value Index Fund 11.3 7 53 11.0 -3.7
SPYB SPDR S&P 500 Buyback ETF 11.0 35 25 11.9 -2.9
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 10.8 25 35 10.3 -4.4
JKI iShares Morningstar Mid-Cap Value ETF 10.7 30 30 13.6 -1.1
FXO First Trust Financials AlphaDEX Fund 10.3 63 -3 14.4 -0.3
SYLD Cambria Shareholder Yield ETF 9.8 59 1 15.5 +0.8
LSAF LeaderShares AlphaFactor US Core Equity ETF 9.8 75 -15 10.8 -3.9
FTA First Trust Large Cap Value AlphaDEX Fund 9.7 60 0 12.4 -2.3
AFMC First Trust Active Factor Mid Cap ETF 9.5 65 -5 10.0 -4.7
PVAL Principal Contrarian Value Index ETF 9.2 29 31 10.8 -3.9
RYF Invesco S&P 500 Equal Weight Financials ETF 9.1 40 20 12.1 -2.6
FNK First Trust Mid Cap Value AlphaDEX Fund 9.1 70 -10 16.4 +1.7
QVAL Alpha Architect U.S. Quantitative Value ETF 9.1 49 11 18.0 +3.3
PKB Invesco Dynamic Building & Construction ETF 8.9 60 0 12.8 -1.9
KBWP Invesco KBW Property & Casualty Insurance ETF 8.8 35 25 8.8 -5.9
CZA Invesco Zacks Mid-Cap ETF 8.7 76 -16 9.6 -5.1
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 8.6 25 35 7.8 -6.9
RWK Invesco S&P MidCap 400 Revenue ETF 8.4 39 21 12.0 -2.7
TPHD Timothy Plan High Dividend Stock ETF 8.4 52 8 9.6 -5.1
QSY WisdomTree U.S. LargeCap Value Fund 8.4 38 22 9.9 -4.8
PAVE Global X U.S. Infrastructure Development ETF 8.3 47 13 8.4 -6.3
ROUS Hartford Multifactor US Equity ETF 8.2 19 41 9.4 -5.3
FOVL iShares Focused Value Factor ETF 8.1 25 35 14.6 -0.1
JHMF John Hancock Multifactor Financials ETF 8.0 40 20 11.0 -3.7
SPGP Invesco S&P 500 GARP ETF 7.8 35 25 10.9 -3.8
FAB First Trust Multi Cap Value AlphaDEX Fund 7.8 71 -11 13.7 -1.0
FLAG FLAG-Forensic Accounting Long Short ETF 7.8 152 -92 12.1 -2.6
PPA Invesco Aerospace & Defense ETF 7.6 59 1 7.5 -7.2
SPHB Invesco S&P 500 High Beta ETF 7.6 25 35 11.6 -3.1
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 7.5 60 0 6.5 -8.2
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 7.4 20 40 10.6 -4.1
FLM First Trust Global Engineering & Construction ETF 7.4 70 -10 13.1 -1.6
ONEO SPDR Russell 1000 Momentum Focus ETF 7.4 20 40 9.6 -5.1
WLDR Affinity World Leaders Equity ETF 7.3 47 13 12.7 -2.1
PY Principal Shareholder Yield Index ETF 7.3 29 31 12.9 -1.8
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 6.9 35 25 8.0 -6.7
BUL Pacer US Cash Cows Growth ETF 6.9 60 0 8.1 -6.6
KBE SPDR S&P Bank ETF 6.8 35 25 16.3 +1.6
EZM WisdomTree U.S. MidCap Earnings Fund 6.8 38 22 14.2 -0.5
USMF WisdomTree U.S. Multifactor Fund 6.8 28 32 8.3 -6.4
JHMM John Hancock Multifactor Mid Cap ETF 6.7 44 16 8.4 -6.3
ONEY SPDR Russell 1000 Yield Focus ETF 6.6 20 40 12.4 -2.3
IWS iShares Russell Mid-Cap Value ETF 6.5 24 36 10.1 -4.6
VETS Pacer Military Times Best Employers ETF 6.4 60 0 8.5 -6.2
VFVA Vanguard U.S. Value Factor ETF 6.3 13 47 16.9 +2.2
IEFN iShares Evolved U.S. Financials ETF 6.3 18 42 12.4 -2.3
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 6.3 63 -3 9.8 -4.9
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 6.2 17 43 9.2 -5.5
FMK First Trust Mega Cap AlphaDEX Fund 6.2 70 -10 7.2 -7.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 6.2 20 40 10.5 -4.2
VFMF Vanguard U.S. Multifactor ETF 6.2 18 42 11.2 -3.5
AIRR First Trust RBA American Industrial Renaissance ETF 6.2 70 -10 10.1 -4.6
VAMO Cambria Value & Momentum ETF 6.1 64 -4 9.7 -5.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 6.0 24 36 8.5 -6.2
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 6.0 15 45 9.0 -5.7
CLRG IQ Chaikin U.S. Large Cap ETF 6.0 25 35 8.5 -6.2
FXZ First Trust Materials AlphaDEX Fund 5.9 65 -5 10.6 -4.1
PKW Invesco Buyback Achievers ETF 5.9 62 -2 9.6 -5.1
JHCS John Hancock Multifactor Media & Communications ETF 5.8 40 20 7.7 -7.0
NUMV Nuveen ESG Mid-Cap Value ETF 5.8 40 20 12.2 -2.5
KNOW Direxion All Cap Insider Sentiment Shares 5.7 59 1 7.3 -7.4
FCPI Fidelity Stocks for Inflation ETF 5.7 29 31 9.3 -5.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 5.7 20 40 9.7 -5.0
FXD First Trust Consumer Discretionary AlphaDEX Fund 5.7 64 -4 13.6 -1.1
FNX First Trust Mid Cap Core AlphaDEX Fund 5.6 61 -1 10.5 -4.2
DON WisdomTree U.S. MidCap Dividend Fund 5.6 38 22 11.2 -3.5
XHB SPDR S&P Homebuilders ETF 5.6 35 25 13.4 -1.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 5.5 19 41 8.5 -6.2
QDYN FlexShares Quality Dividend Dynamic Index Fund 5.5 37 23 9.3 -5.4
VALQ American Century STOXX U.S. Quality Value ETF 5.4 29 31 12.0 -2.7
FEX First Trust Large Cap Core AlphaDEX Fund 5.4 60 0 8.2 -6.5
FCOM Fidelity MSCI Telecommunication Services Index ETF 5.4 8 52 7.0 -7.7
SCIU Global X Scientific Beta US ETF 5.4 19 41 7.8 -6.9
SCHM Schwab U.S. Mid-Cap ETF 5.4 4 56 9.2 -5.5
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 5.3 29 31 9.4 -5.3
DEF Invesco Defensive Equity ETF 5.3 55 5 6.5 -8.2
VO Vanguard Mid-Cap Index Fund 5.2 4 56 7.7 -7.0
VFH Vanguard Financials Index Fund 5.2 10 50 12.0 -2.8
VBR Vanguard Small Cap Value Index Fund 5.2 7 53 12.3 -2.4
TPLC Timothy Plan US Large Cap Core ETF 5.2 52 8 7.5 -7.2
RCD Invesco S&P 500 Equal Weight Consumer Discretionary ETF 5.2 40 20 13.3 -1.4
HOMZ Hoya Capital Housing ETF 5.2 45 15 11.6 -3.1
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 5.2 49 11 6.6 -8.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 5.2 15 45 7.0 -7.7
SPLV Invesco S&P 500 Low Volatility ETF 5.2 25 35 6.8 -7.9
TTFS AdvisorShares Wilshire Buyback ETF 5.2 91 -31 8.2 -6.5
FNCL Fidelity MSCI Financials Index ETF 5.1 8 52 12.0 -2.7
EWCO Invesco S&P 500 Equal Weight Communication Services ETF 5.1 40 20 8.9 -5.8
XLC The Communication Services Select Sector SPDR Fund 5.1 13 47 8.1 -6.6
STLV iShares Factors US Value Style ETF 5.1 25 35 10.0 -4.7
SPDV AAM S&P 500 High Dividend Value ETF 5.1 29 31 14.7 0.0
PWC Invesco Dynamic Market ETF 5.1 59 1 9.4 -5.4
CFA Victory CEMP US 500 Volatility Weighted Index ETF 5.0 35 25 8.2 -6.5
CACG ClearBridge All Cap Growth ETF 5.0 54 6 5.7 -9.0

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 13.5 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 14.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.35 CATEGORY
AVERAGE
1.51
 
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.