First Trust Dow 30 Equal Weight
ALTAR
Score™
6.2% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
17.0x P/Sales
ratio
1.9x
P/BV
ratio
3.4x Div.
yield
2.6%


  • 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) $44
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) $278,366
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
APPLE INC 3.9 %
DOW, INC. 3.8 %
INTEL CORP 3.6 %
CATERPILLAR INC 3.6 %
UNITEDHEALTH GROUP INC 3.6 %
JPMORGAN CHASE & CO 3.5 %
UNITED TECHNOLOGIES CORP 3.5 %
MICROSOFT CORP 3.5 %
WALGREENS BOOTS ALLIANCE INC 3.4 %
NIKE INC -CL B 3.3 %
Total 35.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
17.7% 11.0% -- -- 12.9%

Market Correlations
versus... Beta R-squared
S&P500 0.90 93%
MSCI EAFE 0.89 71%
MSCI Emg. Mkts. 0.65 58%

Technical Indicators
Recent close $25.30
30d moving avg. $24.64
Annualized volatility 13.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 75

Liquidity measures
Avg. volume (thou.) 44
Turnover 2.5%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $28,821

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust Dow 30 Equal Weight 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
(%)
DJD Invesco Dow Jones Industrial Average Dividend 81.4 7 43 7.3 +1.1
DIA SPDR Dow Jones Industrial Average 79.7 17 33 6.1 -0.1
DIVO Amplify YieldShares CWP Dividend & Option Income 62.0 49 1 5.5 -0.7
USMC Principal U.S. Mega-Cap Multi-Factor Index 52.8 12 38 5.7 -0.5
XLG Invesco S&P Top 50 43.3 20 30 5.2 -1.0
OUSA O'Shares FTSE U.S. Quality Dividend 43.3 48 2 5.9 -0.3
OEF iShares S&P 100 39.4 20 30 5.5 -0.7
DGRO iShares Core Dividend Growth 39.2 8 42 6.4 +0.2
MGV Vanguard Mega Cap 300 Value 37.6 7 43 7.1 +0.9
SPHQ Invesco S&P High Quality Portfolio 37.0 15 35 5.6 -0.6
DLN WisdomTree Large Cap Dividend 36.4 28 22 6.5 +0.3
PFM Invesco Dividend Achievers 36.1 54 -4 5.5 -0.7
IWX iShares Russell Top 200 Value 36.0 20 30 7.0 +0.8
OVOL Invesco Russell 1000 Low Volatility Factor ETF 35.2 19 31 5.6 -0.6
PRID InsightShares LGBT Employment Equality 35.1 65 -15 5.4 -0.8
ACIO Aptus Collared Income Opportunity 35.0 79 -29 6.8 +0.6
OYLD Invesco Russell 1000 Yield Factor ETF 35.0 19 31 7.1 +0.9
FDRR Fidelity Dividend for Rising Rates 34.6 29 21 7.9 +1.7
VYM Vanguard High Dividend Yield ETF 34.2 6 44 7.3 +1.1
QDF FlexShares Quality Dividend 33.9 37 13 7.0 +0.8

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
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
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 20.3 %
Divided by: Fwd. P/BV 3.0 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
1.55 CATEGORY
AVERAGE
1.55
 
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.