First Trust NYSE Arca Biotechnology Index Fund
ALTAR
Score™
-0.9% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
-237.7x P/Sales
ratio
7.2x
P/BV
ratio
5.6x Div.
yield
0.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust NYSE Arca Biotechnology Index Fund seeks investment results that correspond to the price and yield of an equity index called the Amex Biotechnology Index.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Jun 19, 2006
Assets (mns) $2,183
Currency USD
Expense ratio 55 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Equal
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 30
Wgt avg mkt cap (mns) $24,498
Large cap (>$10bn) 56.8%
Mid cap ($2-10bn) 41.4%
Small cap (<$2bn) 1.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BIOMARIN PHARMACEUTICAL INC 4.2 %
SAREPTA THERAPEUTICS INC 4.1 %
ULTRAGENYX PHARMACEUTICAL IN 4.0 %
SEATTLE GENETICS INC 3.8 %
BIO-TECHNE CORPORATION 3.7 %
NEUROCRINE BIOSCIENCES INC 3.7 %
EXELIXIS INC 3.7 %
CHARLES RIVER LABORATORIES 3.6 %
NEKTAR THERAPEUTICS 3.6 %
ALKERMES PLC 3.6 %
Total 38.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.4 %
IRELAND 3.6 %
NETHERLANDS 3.3 %
SPAIN 2.7 %







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.
12.8% 19.1% 6.2% 18.5% 16.4%

Market Correlations
versus... Beta R-squared
S&P500 1.14 59%
MSCI EAFE 1.06 44%
MSCI Emg. Mkts. 0.84 43%

Technical Indicators
Recent close $170.54
30d moving avg. $165.70
Annualized volatility 25.3%
Short interest (ETF) 0.7%
Short interest (Underlying) 7.1%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 82
Turnover 0.6%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $12,935

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust NYSE Arca Biotechnology Index Fund ETF based on the alternatives' overlap in portfolio holdings with FBT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FBT Expense: 55 bp ALTAR Score™: -0.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FBT
Ticker Fund
Name
Overlap1
vs FBT
(%)
Expense
ratio
(bp)
Savings
vs FBT
(bp)
ALTAR
Score™
(%)
ALTAR
vs FBT
(%)
BBH VanEck Vectors Biotech ETF 59.2 35 20 3.8 +4.7
IBB iShares NASDAQ Biotechnology ETF 40.1 47 8 0.2 +1.1
PBE Invesco Dynamic Biotechnology & Genome ETF 31.8 57 -2 -1.8 -0.8
IEIH iShares Evolved U.S. Innovative Healthcare ETF 29.7 18 37 2.9 +3.8
GNOM Global X Genomics & Biotechnology ETF 28.8 68 -13 -3.9 -3.0
FXH First Trust Health Care AlphaDEX Fund 27.5 62 -7 4.4 +5.3
XBI SPDR S&P BIOTECH ETF 23.8 35 20 -2.5 -1.6
IDNA iShares Genomics Immunology & Healthcare ETF 23.8 47 8 -2.9 -2.0
BTEC Principal Healthcare Innovators Index ETF 23.8 42 13 -2.4 -1.5
HELX Franklin Genomic Advancements ETF 21.1 50 5 -1.8 -0.9
LNGR Global X Longevity Thematic ETF 20.6 50 5 3.1 +4.0
JHMH John Hancock Multifactor Healthcare ETF 17.3 40 15 6.1 +7.0
NIFE Direxion Fallen Knives ETF 16.8 50 5 2.4 +3.3
IYH iShares U.S. Healthcare ETF 16.8 43 12 6.1 +7.0
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 16.7 60 -5 3.7 +4.6
PJP Invesco Dynamic Pharmaceuticals ETF 16.5 56 -1 10.9 +11.8
FHLC Fidelity MSCI Health Care Index ETF 15.7 8 47 5.5 +6.4
VHT Vanguard Health Care Index Fund 15.6 10 45 5.4 +6.3
RYH Invesco S&P 500 Equal Weight Health Care ETF 14.8 40 15 6.5 +7.5
XLV Health Care Select Sector SPDR Fund 13.7 13 42 7.1 +8.0
CNCR Loncar Cancer Immunotherapy ETF 12.4 79 -24 -2.9 -2.0
HTEC ROBO Global Healthcare Technology & Innovation ETF 11.8 68 -13 0.2 +1.1
FTCS First Trust Capital Strength ETF 11.8 58 -3 4.9 +5.9
GDNA Goldman Sachs Motif Human Evolution ETF 10.5 50 5 0.3 +1.2
QVAL Alpha Architect U.S. Quantitative Value ETF 10.1 49 6 12.4 +13.4
PTH Invesco DWA Healthcare Momentum ETF 10.0 60 -5 -2.4 -1.5
XT iShares Exponential Technologies ETF 9.9 47 8 5.1 +6.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 9.8 59 -4 4.2 +5.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 9.8 35 20 4.4 +5.3
IXJ iShares Global Healthcare ETF 9.6 46 9 6.3 +7.2
SBIO ALPS Medical Breakthroughs ETF 9.4 50 5 -1.9 -1.0
BIBL Inspire ETF 9.2 35 20 4.9 +5.8
CACG ClearBridge All Cap Growth ETF 9.2 54 1 4.4 +5.3
ARKG ARK Genomic Revolution Multi-Sector ETF 7.7 75 -20 0.0 +0.9
MTUM iShares Edge MSCI USA Momentum Factor ETF 7.6 15 40 4.2 +5.1
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 7.6 60 -5 6.3 +7.2
SDG iShares Sustainable MSCI Global Impact ETF 7.5 49 6 5.9 +6.8
TECB iShares US Tech Breakthrough Multisector ETF 7.4 40 15 4.0 +4.9
QGRO American Century STOXX U.S. Quality Growth ETF 7.3 29 26 3.2 +4.1
FDG American Century Focused Dynamic Growth ETF 7.1 45 10 1.8 +2.7
RBUS Nationwide Risk-Based U.S. Equity ETF 7.0 30 25 5.1 +6.0
FMK First Trust Mega Cap AlphaDEX Fund 6.9 70 -15 5.2 +6.2
ENTR Entrepreneur 30 Fund 6.9 49 6 2.6 +3.5
JKH iShares Morningstar Mid-Cap Growth ETF 6.9 30 25 2.3 +3.2
COWZ Pacer US Cash Cows 100 ETF 6.7 49 6 10.9 +11.8
MXDU Nationwide Maximum Diversification US Core Equity ETF 6.7 34 21 4.9 +5.8
VFMO Vanguard U.S. Momentum Factor ETF 6.5 13 42 1.2 +2.1
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 6.5 75 -20 2.1 +3.0
SFYF SoFi 50 ETF 6.1 29 26 5.4 +6.3
AUSF Global X Adaptive U.S. Factor ETF 5.9 27 28 8.0 +9.0
FDMO Fidelity Momentum Factor ETF 5.8 29 26 3.9 +4.8
NUSI Nationwide Risk-Managed Income ETF 5.7 68 -13 3.5 +4.4
SHE SPDR SSGA Gender Diversity Index ETF 5.7 20 35 5.5 +6.4
QYLD Global X NASDAQ 100 Covered Call ETF 5.7 60 -5 3.5 +4.4
QQQ Invesco QQQ Trust 5.5 20 35 3.9 +4.8
BOSS Global X Founder-Run Companies ETF 5.5 45 10 3.7 +4.6
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 5.3 59 -4 3.7 +4.6
PWC Invesco Dynamic Market ETF 5.3 59 -4 4.9 +5.8
FCTR First Trust Lunt U.S. Factor Rotation ETF 5.3 65 -10 3.4 +4.3
USMF WisdomTree U.S. Multifactor Fund 5.2 28 27 5.5 +6.4
LRGE ClearBridge Large Cap Growth ESG ETF 5.1 59 -4 3.8 +4.8
KNOW Direxion All Cap Insider Sentiment Shares 5.1 66 -11 5.0 +5.9
HDV iShares Core High Dividend ETF 5.1 8 47 6.8 +7.7
FNY First Trust Mid Cap Growth AlphaDEX Fund 5.1 70 -15 2.1 +3.0
USMV iShares Edge MSCI Min Vol USA ETF 5.0 15 40 5.5 +6.4
VOT Vanguard Mid-Cap Growth Index Fund 4.9 7 48 3.5 +4.4
LRGF iShares Edge MSCI Multifactor USA ETF 4.8 20 35 7.4 +8.3
SCIU Global X Scientific Beta US ETF 4.8 19 36 5.8 +6.7
SPHQ Invesco S&P 500 Quality ETF 4.8 15 40 4.7 +5.6
FTC First Trust Large Cap Growth AlphaDEX Fund 4.8 61 -6 2.9 +3.8
FFTY Innovator IBD 50 ETF 4.7 80 -25 3.5 +4.4
JQUA JPMorgan U.S. Quality Factor ETF 4.7 12 43 5.3 +6.2
DSTL Distillate US Fundamental Stability & Value ETF 4.7 39 16 6.6 +7.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 4.7 21 34 3.0 +3.9
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 4.6 60 -5 3.4 +4.3
SYG SPDR MFS Systematic Growth Equity ETF 4.6 60 -5 4.3 +5.2
VFMV Vanguard U.S. Minimum Volatility ETF 4.5 13 42 3.9 +4.9
GERM ETFMG Treatments Testing and Advancements ETF 4.5 68 -13 -3.1 -2.2
IWP iShares Russell Mid-Cap Growth ETF 4.5 24 31 4.1 +5.1
JKE iShares Morningstar Large-Cap Growth ETF 4.5 25 30 2.9 +3.8
PKW Invesco Buyback Achievers ETF 4.5 62 -7 6.9 +7.8
MOAT VanEck Vectors Morningstar Wide Moat ETF 4.4 49 6 6.4 +7.3
VBK Vanguard Small-Cap Growth Index Fund 4.4 7 48 2.4 +3.4
SPGP Invesco S&P 500 GARP ETF 4.4 35 20 7.3 +8.2
DEF Invesco Defensive Equity ETF 4.3 55 0 5.1 +6.1
IEHS iShares Evolved U.S. Healthcare Staples ETF 4.2 18 37 5.7 +6.6
DGRW WisdomTree U.S. Quality Dividend Growth Fund 4.2 28 27 6.5 +7.4
VALQ American Century STOXX U.S. Quality Value ETF 4.2 29 26 9.2 +10.1
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 4.1 75 -20 6.2 +7.1
GURU Global X Guru Index ETF 4.1 75 -20 3.9 +4.8
AIEQ AI Powered Equity ETF 4.0 87 -32 3.7 +4.6
FDRR Fidelity Dividend ETF for Rising Rates 4.0 29 26 7.0 +8.0
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 4.0 56 -1 6.0 +6.9
SFYX Sofi Next 500 ETF 4.0 0 55 6.0 +6.9
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 3.9 49 6 4.1 +5.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 3.9 66 -11 2.5 +3.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 3.8 30 25 5.7 +6.6
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 3.8 25 30 6.0 +6.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 3.7 19 36 5.7 +6.6
FLQL Franklin LibertyQ U.S. Equity ETF 3.7 15 40 6.3 +7.2

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%.

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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 NYSE Arca Biotechnology Index Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity -2.0 %
Divided by: Fwd. P/BV 5.5 x
Less: Expense ratio 55 bp
Equals: ALTAR Score -0.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 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.