First Trust Dow 30 Equal Weight ETF
ALTAR
Score™
6.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
21.3x P/Sales
ratio
1.7x
P/BV
ratio
3.0x Div.
yield
3.0%


  • 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) $40
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) $288,450
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
MICROSOFT CORP 3.8 %
APPLE INC 3.8 %
WAL-MART STORES INC 3.7 %
PROCTER & GAMBLE CO/THE 3.6 %
CATERPILLAR INC 3.4 %
CISCO SYSTEMS INC 3.4 %
WALT DISNEY CO/THE 3.4 %
HOME DEPOT INC 3.4 %
UNITEDHEALTH GROUP INC 3.4 %
GOLDMAN SACHS GROUP INC 3.4 %
Total 35.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.8 %










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.
-9.4% -2.2% -- -- 8.1%

Market Correlations
versus... Beta R-squared
S&P500 0.93 95%
MSCI EAFE 0.92 81%
MSCI Emg. Mkts. 0.66 63%

Technical Indicators
Recent close $23.38
30d moving avg. $23.67
Annualized volatility 16.6%
Short interest (ETF) 1.9%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 41
Turnover 2.4%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $62,799

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 6.0%


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 ETF 76.7 7 43 6.9 +0.9
DIA SPDR Dow Jones Industrial Average ETF Trust 76.2 16 34 5.6 -0.4
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 56.6 49 1 4.9 -1.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 44.9 12 38 4.8 -1.3
OUSA O'Shares FTSE US Quality Dividend ETF 42.4 48 2 5.7 -0.3
JKF iShares Morningstar Large Cap Value ETF 40.8 25 25 7.6 +1.6
DGRO iShares Core Dividend Growth ETF 39.9 8 42 6.7 +0.6
MGV Vanguard Mega Cap Value ETF 38.3 7 43 7.3 +1.3
QDEF FlexShares Quality Dividend Defensive Index Fund 37.8 37 13 5.9 -0.1
RAFE PIMCO RAFI ESG U.S. ETF 37.7 29 21 7.8 +1.8
DLN WisdomTree U.S. LargeCap Dividend Fund 37.4 28 22 6.4 +0.4
PFM Invesco Dividend Achievers ETF 37.3 54 -4 5.5 -0.5
XLG Invesco S&P 500 Top 50 ETF 35.9 20 30 4.4 -1.6
IWX iShares Russell Top 200 Value ETF 35.3 20 30 7.2 +1.2
FDRR Fidelity Dividend ETF for Rising Rates 35.0 29 21 7.0 +1.0
VYM Vanguard High Dividend Yield Index ETF 34.7 6 44 7.4 +1.4
DTD WisdomTree U.S.Total Dividend Fund 34.2 28 22 6.7 +0.7
OEF iShares S&P 100 ETF 34.1 20 30 4.8 -1.3
QUAL iShares MSCI Usa Quality Factor ETF 33.8 15 35 5.4 -0.6
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 33.8 75 -25 6.2 +0.2
BVAL Brand Value ETF 33.5 65 -15 6.1 +0.1
SPHQ Invesco S&P 500 Quality ETF 33.1 15 35 4.6 -1.4
VIG Vanguard Dividend Appreciation Index Fund 33.1 6 44 5.4 -0.6
VTV Vanguard Value Index Fund 32.9 4 46 7.5 +1.5
QDF FlexShares Quality Dividend Index Fund 32.9 37 13 6.1 +0.1
FDVV Fidelity Core Dividend ETF 32.6 29 21 7.2 +1.2
DIVB iShares U.S. Dividend & Buyback ETF 31.9 25 25 6.6 +0.6
CCOR Core Alternative ETF 31.3 123 -73 4.4 -1.7
YLDE ClearBridge Dividend Strategy ESG ETF 31.1 60 -10 5.0 -1.0
EPS WisdomTree U.S. Earnings 500 Fund 30.8 8 42 6.5 +0.5
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 29.9 35 15 6.7 +0.7
NULV Nuveen ESG Large-Cap Value ETF 29.5 35 15 7.4 +1.4
QDYN FlexShares Quality Dividend Dynamic Index Fund 29.3 37 13 6.2 +0.2
FDLO Fidelity Low Volatility Factor ETF 29.3 29 21 5.2 -0.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 29.3 19 31 5.7 -0.3
NACP Impact Shares NAACP Minority Empowerment ETF 29.2 75 -25 4.5 -1.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 29.0 25 25 6.6 +0.6
FMK First Trust Mega Cap AlphaDEX Fund 28.9 70 -20 5.2 -0.9
IOO iShares Global 100 ETF 28.9 40 10 4.7 -1.4
SCHV Schwab U.S. Large-Cap Value ETF 28.8 4 46 7.2 +1.2
QUS SPDR MSCI USA StrategicFactors ETF 28.8 15 35 5.9 -0.2
DGRW WisdomTree U.S. Quality Dividend Growth Fund 28.8 28 22 6.5 +0.5
HDV iShares Core High Dividend ETF 28.7 8 42 6.8 +0.8
IWL iShares Russell Top 200 ETF 28.7 15 35 5.0 -1.0
EQWL Invesco Russell Top 200 Equal Weight ETF 28.6 25 25 6.1 +0.1
BKLC BNY Mellon US Large Cap Core Equity ETF 28.3 0 50 5.2 -0.8
SPYV SPDR Portfolio S&P 500 Value ETF 28.2 4 46 7.5 +1.5
IVE iShares S&P 500 Value ETF 28.2 18 32 7.3 +1.3
VOOV Vanguard S&P 500 Value ETF 28.1 15 35 7.4 +1.4
ACIO Aptus Collared Income Opportunity ETF 28.1 79 -29 4.4 -1.7
MGC Vanguard Mega Cap Index Fund 27.9 7 43 5.2 -0.8
ESG FlexShares STOXX US ESG Impact Index Fund 27.9 32 18 5.1 -1.0
RFDA RiverFront Dynamic US Dividend Advantage ETF 27.9 52 -2 5.0 -1.0
FVAL Fidelity Value Factor ETF 27.2 29 21 8.0 +2.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 27.2 20 30 5.0 -1.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 27.1 25 25 6.6 +0.6
PRF Invesco FTSE RAFI US 1000 ETF 26.7 39 11 6.9 +0.9
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 26.6 49 1 4.1 -1.9
IUSV iShares Core S&P U.S. Value ETF 26.4 4 46 7.6 +1.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 26.2 10 40 5.3 -0.7
QLV FlexShares US Quality Low Volatility Index Fund 26.2 22 28 4.9 -1.2
WOMN Impact Shares YWCA Women's Empowerment ETF 26.2 75 -25 4.5 -1.5
SNPE Xtrackers S&P 500 ESG ETF 26.1 11 39 5.1 -0.9
SUSL iShares ESG MSCI USA Leaders ETF 26.1 10 40 5.3 -0.7
SPXN ProShares S&P 500 Ex-Financials ETF 26.1 27 23 5.0 -1.1
DURA VanEck Vectors Morningstar Durable Dividend ETF 26.1 29 21 7.3 +1.3
FQAL Fidelity Quality Factor ETF 26.0 29 21 5.5 -0.5
PBP Invesco S&P 500 BuyWrite ETF 25.9 49 1 5.0 -1.0
FLLV Franklin Liberty U.S. Low Volatility ETF 25.9 29 21 5.9 -0.1
IUS Invesco Strategic US ETF 25.8 19 31 6.7 +0.7
HSPX Global X S&P 500 Covered Call ETF 25.6 65 -15 4.9 -1.1
RECS Columbia Research Enhanced Core ETF 25.5 15 35 5.7 -0.4
SPY SPDR S&P 500 ETF Trust 25.5 9 41 5.4 -0.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 25.5 29 21 6.3 +0.3
IVV iShares Core S&P 500 ETF 25.5 4 46 5.4 -0.6
JQUA JPMorgan U.S. Quality Factor ETF 25.5 12 38 5.3 -0.8
SPLG SPDR Portfolio Large Cap ETF 25.5 3 47 5.4 -0.6
QLC FlexShares US Quality Large Cap Index Fund 25.5 32 18 5.4 -0.7
VOO VANGUARD S&P 500 ETF 25.4 3 47 5.4 -0.6
GBDV Global Beta Smart Income ETF 25.3 29 21 9.0 +3.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 25.3 15 35 6.2 +0.2
HLAL Wahed FTSE USA Shariah ETF 25.2 50 0 4.6 -1.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 25.0 7 43 5.2 -0.8
VONV Vanguard Russell 1000 Value Index Fund 24.9 8 42 7.4 +1.3
VV Vanguard Large-Cap Index Fund 24.8 4 46 5.3 -0.8
SPXE ProShares S&P 500 Ex-Energy ETF 24.6 27 23 5.3 -0.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 24.6 2 48 5.3 -0.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 24.5 20 30 5.4 -0.7
RWL Invesco S&P 500 Revenue ETF 24.5 39 11 7.3 +1.3
PBUS Invesco PureBeta MSCI USA ETF 24.4 4 46 5.3 -0.7
ESGU iShares MSCI USA ESG Optimized ETF 24.4 15 35 5.1 -0.9
SPTM SPDR Portfolio Total Stock Market ETF 24.1 3 47 5.5 -0.5
SCHX Schwab U.S. Large-Cap ETF 24.1 3 47 5.3 -0.7
SDGA Impact Shares Sustainable Development Goals Global ETF 24.0 75 -25 5.4 -0.6
SPXV ProShares S&P 500 Ex-Health Care ETF 23.9 27 23 5.0 -1.0
IWD iShares Russell 1000 Value ETF 23.8 19 31 7.2 +1.2
VONE Vanguard Russell 1000 ETF 23.7 8 42 5.3 -0.7
SCHK Schwab 1000 Index ETF 23.5 5 45 5.3 -0.7
IWB iShares Russell 1000 ETF 23.4 15 35 5.2 -0.8
VEGN US Vegan Climate ETF 23.4 60 -10 5.2 -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

  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 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 18.3 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 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.