First Trust Dow 30 Equal Weight ETF
ALTAR
Score™
6.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
20.1x P/Sales
ratio
1.9x
P/BV
ratio
3.6x Div.
yield
2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust Dow 30 Equal Weight ETF tracks an equal-weighted index of companies included in the Dow Jones Industrial Average.

FUND BASICS
Category US Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Aug 09, 2017
Assets (mns) $39
Currency USD
Expense ratio 50 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 30
Wgt avg mkt cap (mns) $295,610
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NIKE INC -CL B 4.1 %
APPLE INC 3.9 %
PROCTER & GAMBLE CO/THE 3.6 %
CATERPILLAR INC 3.6 %
WAL-MART STORES INC 3.6 %
MCDONALD'S CORP 3.5 %
DOW, INC. 3.5 %
HOME DEPOT INC 3.4 %
AMGEN INC 3.3 %
MERCK & CO. INC. 3.3 %
Total 35.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.7 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.7% 6.7% -- -- 10.3%

Market Correlations
versus... Beta R-squared
S&P500 0.91 93%
MSCI EAFE 0.92 81%
MSCI Emg. Mkts. 0.63 59%

Technical Indicators
Recent close $23.74
30d moving avg. $24.76
Annualized volatility 16.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 11
Turnover 0.7%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $2,614

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the First Trust Dow 30 Equal Weight ETF ETF based on the alternatives' overlap in portfolio holdings with EDOW. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EDOW Expense: 50 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EDOW
Ticker Fund
Name
Overlap1
vs EDOW
(%)
Expense
ratio
(bp)
Savings
vs EDOW
(bp)
ALTAR
Score™
(%)
ALTAR
vs EDOW
(%)
DIA SPDR Dow Jones Industrial Average ETF Trust 75.3 16 34 5.8 -0.3
DJD Invesco Dow Jones Industrial Average Dividend ETF 66.9 7 43 7.1 +0.9
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 51.4 49 1 5.1 -1.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 44.1 12 38 5.2 -1.0
DGRO iShares Core Dividend Growth ETF 38.7 8 42 7.1 +1.0
QDEF FlexShares Quality Dividend Defensive Index Fund 37.8 37 13 7.1 +1.0
OUSA O'Shares FTSE US Quality Dividend ETF 37.6 48 2 6.7 +0.6
MGV Vanguard Mega Cap Value ETF 36.1 7 43 7.4 +1.3
XLG Invesco S&P 500 Top 50 ETF 35.6 20 30 6.0 -0.1
RAFE PIMCO RAFI ESG U.S. ETF 35.6 29 21 7.8 +1.7
SPHQ Invesco S&P 500 Quality ETF 35.2 15 35 5.4 -0.8
SPQQ Siren Large Cap Blend Index ETF 34.8 20 30 5.3 -0.8
DLN WisdomTree U.S. LargeCap Dividend Fund 34.3 28 22 7.2 +1.0
PFM Invesco Dividend Achievers ETF 34.2 53 -3 5.5 -0.7
OEF iShares S&P 100 ETF 34.0 20 30 6.0 -0.2
FDRR Fidelity Dividend ETF for Rising Rates 33.7 29 21 7.8 +1.7
QDF FlexShares Quality Dividend Index Fund 33.1 37 13 7.1 +1.0
NACP Impact Shares NAACP Minority Empowerment ETF 32.7 75 -25 5.8 -0.4
DTD WisdomTree U.S.Total Dividend Fund 31.6 28 22 7.4 +1.2
QUAL iShares MSCI Usa Quality Factor ETF 31.4 15 35 6.1 -0.1
JKF iShares Morningstar Large Cap Value ETF 31.3 25 25 7.8 +1.7
IWX iShares Russell Top 200 Value ETF 31.2 20 30 7.0 +0.8
VIG Vanguard Dividend Appreciation Index Fund 31.1 6 44 5.4 -0.8
DIVB iShares U.S. Dividend & Buyback ETF 30.5 25 25 7.4 +1.2
DGRW WisdomTree U.S. Quality Dividend Growth Fund 30.4 28 22 7.5 +1.3
YLDE ClearBridge Dividend Strategy ESG ETF 30.4 60 -10 5.5 -0.6
VYM Vanguard High Dividend Yield Index ETF 30.3 6 44 7.7 +1.5
FDVV Fidelity Core Dividend ETF 29.9 29 21 7.9 +1.7
NULV Nuveen ESG Large-Cap Value ETF 29.8 35 15 7.5 +1.3
VTV Vanguard Value Index Fund 29.6 4 46 7.6 +1.4
EPS WisdomTree U.S. Earnings 500 Fund 29.4 8 42 7.4 +1.2
QDYN FlexShares Quality Dividend Dynamic Index Fund 29.1 37 13 7.2 +1.1
CCOR Core Alternative ETF 29.0 109 -59 4.9 -1.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 28.6 10 40 5.4 -0.7
SUSL iShares ESG MSCI USA Leaders ETF 28.5 10 40 5.4 -0.7
QLV FlexShares US Quality Low Volatility Index Fund 28.3 22 28 5.5 -0.6
IWL iShares Russell Top 200 ETF 28.3 15 35 5.9 -0.2
BKLC BNY Mellon US Large Cap Core Equity ETF 28.3 0 50 6.2 +0.0
QUS SPDR MSCI USA StrategicFactors ETF 28.2 15 35 6.3 +0.2
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 28.2 35 15 7.1 +1.0
EQWL Invesco Russell Top 200 Equal Weight ETF 28.0 25 25 6.3 +0.2
MGC Vanguard Mega Cap Index Fund 27.4 7 43 6.1 -0.1
SCHV Schwab U.S. Large-Cap Value ETF 27.1 4 46 7.3 +1.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 26.8 20 30 5.8 -0.4
WOMN Impact Shares YWCA Women's Empowerment ETF 26.8 75 -25 5.3 -0.9
ESG FlexShares STOXX US ESG Impact Index Fund 26.7 32 18 5.8 -0.3
IOO iShares Global 100 ETF 26.5 40 10 6.2 +0.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 26.1 19 31 6.9 +0.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 26.1 49 1 5.8 -0.4
LRGE ClearBridge Large Cap Growth ESG ETF 25.9 59 -9 4.6 -1.5
SPXN ProShares S&P 500 Ex-Financials ETF 25.8 27 23 5.9 -0.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 25.7 25 25 7.5 +1.4
ACIO Aptus Collared Income Opportunity ETF 25.5 79 -29 5.2 -0.9
SNPE Xtrackers S&P 500 ESG ETF 25.4 10 40 6.2 +0.0
IVE iShares S&P 500 Value ETF 25.3 18 32 7.4 +1.3
FLLV Franklin Liberty U.S. Low Volatility ETF 25.3 29 21 6.0 -0.1
VOOV Vanguard S&P 500 Value ETF 25.3 10 40 7.5 +1.4
SPYV SPDR Portfolio S&P 500 Value ETF 25.1 4 46 7.6 +1.4
SPY SPDR S&P 500 ETF Trust 25.1 9 41 6.2 +0.0
PBP Invesco S&P 500 BuyWrite ETF 25.0 49 1 5.8 -0.4
FQAL Fidelity Quality Factor ETF 25.0 29 21 6.4 +0.2
XYLG Global X S&P 500 Covered Call & Growth ETF 25.0 60 -10 5.8 -0.4
SPXE ProShares S&P 500 Ex-Energy ETF 24.9 27 23 6.2 0.0
SPLG SPDR Portfolio Large Cap ETF 24.9 3 47 6.2 +0.1
HSPX Global X S&P 500 Covered Call ETF 24.8 60 -10 5.7 -0.5
RECS Columbia Research Enhanced Core ETF 24.8 15 35 6.7 +0.5
IVV iShares Core S&P 500 ETF 24.8 3 47 6.3 +0.1
VOO VANGUARD S&P 500 ETF 24.8 3 47 6.2 +0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 24.7 20 30 6.2 +0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 24.6 60 -10 5.5 -0.6
DSI iShares MSCI KLD 400 Social ETF 24.5 25 25 5.2 -0.9
SUSA iShares MSCI USA ESG Select ETF 24.5 25 25 5.5 -0.7
IQSU IQ Candriam ESG US Equity ETF 24.5 9 41 6.3 +0.2
ESGU iShares MSCI USA ESG Optimized ETF 24.5 15 35 5.9 -0.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 24.4 7 43 6.1 -0.1
FVAL Fidelity Value Factor ETF 24.4 29 21 8.7 +2.6
JQUA JPMorgan U.S. Quality Factor ETF 24.2 12 38 5.8 -0.4
PRF Invesco FTSE RAFI US 1000 ETF 24.2 39 11 7.5 +1.3
FDLO Fidelity Low Volatility Factor ETF 24.2 29 21 5.3 -0.9
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 24.1 15 35 7.2 +1.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 24.0 25 25 7.5 +1.4
QLC FlexShares US Quality Large Cap Index Fund 24.0 32 18 6.1 -0.0
PBUS Invesco PureBeta MSCI USA ETF 24.0 4 46 6.1 -0.1
DURA VanEck Vectors Morningstar Durable Dividend ETF 23.9 29 21 7.3 +1.1
FMK First Trust Mega Cap AlphaDEX Fund 23.8 70 -20 5.0 -1.1
VV Vanguard Large-Cap Index Fund 23.8 4 46 6.0 -0.2
HDV iShares Core High Dividend ETF 23.8 8 42 7.1 +1.0
SPTM SPDR Portfolio Total Stock Market ETF 23.7 3 47 6.3 +0.2
SCHX Schwab U.S. Large-Cap ETF 23.7 3 47 6.1 -0.1
RFDA RiverFront Dynamic US Dividend Advantage ETF 23.7 52 -2 5.7 -0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 23.7 27 23 5.9 -0.2
IUSV iShares Core S&P U.S. Value ETF 23.5 4 46 7.7 +1.5
NULC Nuveen ESG Large-Cap ETF 23.4 20 30 5.2 -1.0
SFY SoFi Select 500 ETF 23.3 0 50 5.7 -0.4
SCHK Schwab 1000 Index ETF 23.1 5 45 6.0 -0.1
IUS Invesco Strategic US ETF 23.1 19 31 7.2 +1.1
IWB iShares Russell 1000 ETF 23.1 15 35 5.9 -0.3
IYY iShares Dow Jones U.S. ETF 23.1 20 30 5.9 -0.3
VEGN US Vegan Climate ETF 22.9 60 -10 5.9 -0.2

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 Dow 30 Equal Weight 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 21.6 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 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.