First Trust NYSE Arca Biotechnology Index Fund
ALTAR
Score™
-0.2% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
382.2x P/Sales
ratio
5.5x
P/BV
ratio
4.2x Div.
yield
0.4%


  • 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 23, 2006
Assets (mns) $1,449
Currency USD
Expense ratio 57 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) $24,761
Large cap (>$10bn) 48.4%
Mid cap ($2-10bn) 49.4%
Small cap (<$2bn) 2.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
REGENERON PHARMACEUTICALS 5.0 %
GILEAD SCIENCES INC 4.9 %
QIAGEN NV 4.4 %
SEATTLE GENETICS INC 4.2 %
BIOGEN IDEC INC 4.1 %
VERTEX PHARMACEUTICALS INC 4.0 %
UNITED THERAPEUTICS CORP 3.9 %
INCYTE CORP 3.8 %
BIOMARIN PHARMACEUTICAL INC 3.7 %
ACADIA PHARMACEUTICALS INC 3.7 %
Total 41.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 89.6 %
NETHERLANDS 4.4 %
SPAIN 3.2 %
IRELAND 2.9 %







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.
-11.8% -13.1% 2.1% 13.5% 14.6%

Market Correlations
versus... Beta R-squared
S&P500 1.11 50%
MSCI EAFE 0.93 34%
MSCI Emg. Mkts. 0.81 38%

Technical Indicators
Recent close $129.41
30d moving avg. $133.16
Annualized volatility 23.9%
Short interest (ETF) 0.2%
Short interest (Underlying) 7.1%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 156
Turnover 1.4%
Bid/Ask (% of price) 0.37%
ADV underlying (mns) $8,037

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: 57 bp ALTAR Score™: -0.2%


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 60.7 35 22 4.5 +4.7
IBB iShares NASDAQ Biotechnology ETF 44.9 47 10 0.8 +1.0
XBI SPDR S&P BIOTECH ETF 42.2 35 22 -5.3 -5.1
PBE Invesco Dynamic Biotechnology & Genome ETF 33.2 57 0 -1.1 -0.9
IEIH iShares Evolved U.S. Innovative Healthcare ETF 31.8 18 39 4.5 +4.7
GNOM Global X Genomics & Biotechnology ETF 29.3 68 -11 -3.9 -3.7
FXH First Trust Health Care AlphaDEX Fund 26.3 62 -5 6.6 +6.8
BTEC Principal Healthcare Innovators Index ETF 25.5 42 15 -5.1 -4.9
IDNA iShares Genomics Immunology & Healthcare ETF 24.7 47 10 -3.4 -3.3
LNGR Global X Longevity Thematic ETF 22.7 50 7 4.5 +4.6
HELX Franklin Genomic Advancements ETF 21.4 50 7 -2.3 -2.2
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 20.3 60 -3 5.2 +5.4
RYH Invesco S&P 500 Equal Weight Health Care ETF 17.3 40 17 8.0 +8.2
JHMH John Hancock Multifactor Healthcare ETF 17.1 40 17 7.3 +7.5
IYH iShares U.S. Healthcare ETF 16.4 43 14 7.2 +7.4
PJP Invesco Dynamic Pharmaceuticals ETF 15.7 56 1 12.6 +12.7
VHT Vanguard Health Care Index Fund 15.5 10 47 6.6 +6.8
FHLC Fidelity MSCI Health Care Index ETF 15.4 8 49 6.6 +6.8
CNCR Loncar Cancer Immunotherapy ETF 14.5 79 -22 -4.5 -4.3
XLV Health Care Select Sector SPDR Fund 14.0 13 44 8.2 +8.3
SBIO ALPS Medical Breakthroughs ETF 13.4 50 7 -1.4 -1.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 12.2 60 -3 5.7 +5.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 12.2 35 22 5.9 +6.1
PTH Invesco DWA Healthcare Momentum ETF 11.7 60 -3 -3.0 -2.8
HTEC ROBO Global Healthcare Technology & Innovation ETF 11.6 68 -11 1.0 +1.2
SDG iShares Sustainable MSCI Global Impact ETF 10.4 49 8 7.5 +7.7
GDNA Goldman Sachs Motif Human Evolution ETF 10.4 50 7 0.5 +0.7
ENTR Entrepreneur 30 Fund 10.4 49 8 3.5 +3.6
XT iShares Exponential Technologies ETF 10.1 47 10 7.0 +7.1
CACG ClearBridge All Cap Growth ETF 9.8 54 3 5.7 +5.9
TECB iShares US Tech Breakthrough Multisector ETF 9.8 40 17 5.5 +5.7
IXJ iShares Global Healthcare ETF 9.7 46 11 7.2 +7.4
BOSS Global X Founder-Run Companies ETF 8.8 45 12 4.9 +5.0
ARKG ARK Genomic Revolution Multi-Sector ETF 7.7 75 -18 -28.2 -28.0
COWZ Pacer US Cash Cows 100 ETF 7.6 49 8 14.0 +14.2
QVAL Alpha Architect U.S. Quantitative Value ETF 7.4 49 8 18.0 +18.2
BOUT Innovator IBD Breakout Opportunities ETF 7.2 80 -23 5.6 +5.8
SHE SPDR SSGA Gender Diversity Index ETF 7.0 20 37 7.6 +7.7
SFYF SoFi 50 ETF 7.0 29 28 8.6 +8.8
SPHQ Invesco S&P 500 Quality ETF 7.0 15 42 6.5 +6.6
QYLD Global X NASDAQ 100 Covered Call ETF 6.8 60 -3 5.0 +5.2
QQQ Invesco QQQ Trust 6.6 20 37 5.5 +5.6
NUSI Nationwide Risk-Managed Income ETF 6.5 68 -11 5.0 +5.2
QGRO American Century STOXX U.S. Quality Growth ETF 6.4 29 28 4.6 +4.8
FCTR First Trust Lunt U.S. Factor Rotation ETF 6.4 65 -8 4.5 +4.6
BIBL Inspire ETF 6.3 35 22 6.3 +6.5
MOAT VanEck Vectors Morningstar Wide Moat ETF 6.3 49 8 8.1 +8.3
SFYX Sofi Next 500 ETF 6.3 0 57 8.3 +8.5
SPGP Invesco S&P 500 GARP ETF 6.1 35 22 10.9 +11.1
JKH iShares Morningstar Mid-Cap Growth ETF 6.0 30 27 3.6 +3.8
MTUM iShares Edge MSCI USA Momentum Factor ETF 5.9 15 42 6.3 +6.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 5.4 21 36 4.4 +4.6
PKW Invesco Buyback Achievers ETF 5.4 62 -5 9.6 +9.8
DSTL Distillate US Fundamental Stability & Value ETF 5.3 39 18 7.8 +8.0
JKF iShares Morningstar Large Cap Value ETF 5.3 25 32 9.7 +9.8
FTHI First Trust High Income ETF 5.2 85 -28 7.8 +8.0
FLAG FLAG-Forensic Accounting Long Short ETF 5.1 152 -95 12.1 +12.3
PWV Invesco Dynamic Large Cap Value ETF 5.1 55 2 10.8 +11.0
SYG SPDR MFS Systematic Growth Equity ETF 5.1 60 -3 6.4 +6.6
KRMA Global X Conscious Companies ETF 5.0 43 14 7.5 +7.7
JQUA JPMorgan U.S. Quality Factor ETF 5.0 12 45 6.7 +6.9
FPX First Trust US IPO Index Fund 4.9 59 -2 5.8 +6.0
DVP Deep Value ETF 4.9 59 -2 22.7 +22.9
RNDV US Equity Dividend Select ETF 4.9 50 7 10.7 +10.9
VOT Vanguard Mid-Cap Growth Index Fund 4.8 7 50 5.0 +5.2
FNY First Trust Mid Cap Growth AlphaDEX Fund 4.6 70 -13 4.7 +4.8
GURU Global X Guru Index ETF 4.6 75 -18 5.7 +5.9
DGRW WisdomTree U.S. Quality Dividend Growth Fund 4.6 28 29 8.3 +8.5
VBK Vanguard Small-Cap Growth Index Fund 4.6 7 50 3.9 +4.1
FDRR Fidelity Dividend ETF for Rising Rates 4.4 29 28 9.8 +10.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 4.4 19 38 7.7 +7.8
QDIV Global X S&P 500 Quality Dividend ETF 4.4 20 37 10.9 +11.0
IWP iShares Russell Mid-Cap Growth ETF 4.3 24 33 6.1 +6.3
FTLB First Trust Hedged BuyWrite Income ETF 4.3 85 -28 7.8 +8.0
LRGE ClearBridge Large Cap Growth ESG ETF 4.3 60 -3 5.4 +5.6
MXDU Nationwide Maximum Diversification US Core Equity ETF 4.3 34 23 6.8 +7.0
ESGS Columbia Sustainable U.S. Equity Income ETF 4.3 35 22 12.3 +12.5
FLQL Franklin LibertyQ U.S. Equity ETF 4.3 15 42 8.2 +8.3
ADME Aptus Drawdown Managed Equity ETF 4.2 81 -24 5.5 +5.7
FFTY Innovator IBD 50 ETF 4.2 80 -23 5.8 +6.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 4.2 30 27 8.0 +8.2
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 4.1 75 -18 7.2 +7.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 4.1 49 8 5.5 +5.7
EQWL Invesco Russell Top 200 Equal Weight ETF 4.0 25 32 7.7 +7.9
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 4.0 35 22 7.9 +8.1
VLUE iShares Edge MSCI USA Value Factor ETF 3.9 15 42 14.6 +14.8
GBDV Global Beta Smart Income ETF 3.8 29 28 16.7 +16.9
FQAL Fidelity Quality Factor ETF 3.8 29 28 7.1 +7.3
TMFC Motley Fool 100 Index ETF 3.8 50 7 5.3 +5.5
USMF WisdomTree U.S. Multifactor Fund 3.7 28 29 8.3 +8.5
RPG Invesco S&P 500 Pure Growth ETF 3.7 35 22 6.6 +6.8
QUAL iShares MSCI Usa Quality Factor ETF 3.7 15 42 7.0 +7.2
VFMO Vanguard U.S. Momentum Factor ETF 3.7 13 44 4.8 +4.9
FCPI Fidelity Stocks for Inflation ETF 3.6 29 28 9.3 +9.5
SPDV AAM S&P 500 High Dividend Value ETF 3.6 29 28 14.7 +14.9
RFG Invesco S&P Midcap 400 Pure Growth ETF 3.6 35 22 6.2 +6.4
FTC First Trust Large Cap Growth AlphaDEX Fund 3.6 61 -4 4.5 +4.6
JKE iShares Morningstar Large-Cap Growth ETF 3.5 25 32 4.7 +4.9
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 3.5 30 27 12.0 +12.2
SIZE iShares Edge MSCI USA Size Factor ETF 3.5 15 42 8.4 +8.6

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 1.6 %
Divided by: Fwd. P/BV 4.2 x
Less: Expense ratio 57 bp
Equals: ALTAR Score -0.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 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.