First Trust Dow Jones International Internet ETF
ALTAR
Score™		 1.9% info Recommen-
dation		 AVOID
2020E    2021E
P/E
ratio		 80.3x P/Sales
ratio		 5.4x
P/BV
ratio		 9.2x Div.
yield		 0.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust Dow Jones International Internet ETF tracks a market-cap-weighted index of the 20 largest internet services companies and 20 largest internet commerce companies outside of the United States.

FUND BASICS
Category International Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Nov 06, 2018
Assets (mns) $112
Currency USD
Expense ratio 65 bp
Distributions

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 40
Wgt avg mkt cap (mns) $184,249
Large cap (>$10bn) 93.8%
Mid cap ($2-10bn) 2.2%
Small cap (<$2bn) 0.0%
Developed mkts 53.6%
Emerging mkts 46.4%

TOP TEN HOLDINGS
MEITUAN DIANPING 11.3 %
TENCENT HOLDINGS LTD 10.1 %
ALIBABA GROUP HOLDING LTD. SPONSOR 8.4 %
SHOPIFY, INC. CLASS A 7.8 %
NASPERS LTD-N SHS 6.1 %
JD.COM INC-ADR 5.0 %
SEA LTD. (SINGAPORE) SPONSORED ADR 5.0 %
ADYEN NV 4.2 %
BAIDU INC - SPON ADR 4.1 %
PINDUODUO, INC. SPONSORED ADR CLAS 3.5 %
Total 65.4 %

TOP COUNTRY EXPOSURE
CHINA 47.5 %
NETHERLANDS 9.0 %
CANADA 7.8 %
SOUTH AFRICA 6.1 %
BRITAIN 5.4 %
SOUTH KOREA 5.0 %
SINGAPORE 5.0 %
JAPAN 4.8 %
GERMANY 3.7 %
LUXEMBOURG 2.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
85.3% 85.3% -- -- 51.4%

Market Correlations
versus... Beta R-squared
S&P500 0.86 63%
MSCI EAFE 0.76 49%
MSCI Emg. Mkts. 0.73 54%

Technical Indicators
Recent close $50.86
30d moving avg. $45.97
Annualized volatility 22.7%
Short interest (ETF) 1.5%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 36
Turnover 1.6%
Bid/Ask (% of price) 0.37%
ADV underlying (mns) $22,213

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the First Trust Dow Jones International Internet ETF ETF based on the alternatives' overlap in portfolio holdings with FDNI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FDNI Expense: 65 bp ALTAR Score™: 1.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FDNI
Ticker Fund
Name		 Overlap1
vs FDNI
(%)		 Expense
ratio
(bp)		 Savings
vs FDNI
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FDNI
(%)
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 57.8 86 -21 2.1 +0.2
DFAE Dimensional Emerging Core Equity Market ETF 52.1 35 30 7.0 +5.1
EWEB Global X Emerging Markets Internet & E-commerce ETF 50.4 65 0 2.5 +0.6
KWEB KraneShares CSI China Internet ETF 44.2 76 -11 2.1 +0.3
CHIL Global X MSCI China Large-Cap 50 ETF 37.8 29 36 6.2 +4.3
EEMO Invesco S&P Emerging Markets Momentum ETF 37.6 29 36 3.3 +1.4
MCHI iShares MSCI China ETF 32.8 59 6 6.4 +4.5
FLCH Franklin FTSE China ETF 32.2 19 46 7.0 +5.1
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 31.9 60 5 2.3 +0.4
GXC SPDR S&P China ETF 31.6 59 6 6.5 +4.6
ECON Columbia Emerging Markets Consumer ETF 29.9 59 6 4.7 +2.9
KALL KraneShares MSCI All China Index ETF 29.7 49 16 6.9 +5.0
BUYZ Franklin Disruptive Commerce ETF 28.8 50 15 -0.3 -2.2
BKF iShares MSCI BRIC ETF 28.6 70 -5 6.2 +4.3
CHIQ Global X MSCI China Consumer ETF 28.5 65 0 4.6 +2.7
OGIG O'Shares Global Internet Giants ETF 28.4 48 17 0.6 -1.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 28.3 32 33 5.3 +3.5
CN Xtrackers MSCI All China Equity ETF 28.1 50 15 6.9 +5.0
KESG KraneShares MSCI China ESG Leaders Index ETF 27.4 59 6 8.1 +6.2
GIGE SoFi Gig Economy ETF 26.7 59 6 -0.2 -2.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 25.8 20 45 5.5 +3.6
PNQI Invesco NASDAQ Internet ETF 24.9 60 5 1.0 -0.8
SOCL Global X Social Media ETF 24.5 65 0 2.2 +0.3
CQQQ Invesco China Technology ETF 24.4 70 -5 4.3 +2.5
PGJ Invesco Golden Dragon China ETF 23.7 70 -5 3.7 +1.8
DINT Davis Select International ETF 23.7 68 -3 5.3 +3.5
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 23.3 30 35 4.1 +2.2
FNI First Trust Chindia ETF 22.7 60 5 2.3 +0.5
GMF SPDR S&P Emerging Asia Pacific ETF 22.5 49 16 5.9 +4.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 22.0 30 35 6.4 +4.5
FPXI First Trust International Equity Opportunities ETF 21.7 70 -5 3.7 +1.8
EBIZ Global X E-Commerce ETF 21.2 50 15 2.5 +0.6
PBEE Invesco PureBeta FTSE Emerging Markets ETF 21.2 15 50 7.3 +5.4
SCHE Schwab Emerging Markets Equity ETF 20.7 11 54 6.7 +4.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 20.7 68 -3 5.7 +3.8
EEMA iShares MSCI Emerging Markets Asia ETF 20.3 50 15 6.3 +4.5
NUEM Nuveen ESG Emerging Markets Equity ETF 20.1 45 20 5.4 +3.5
ESGE iShares ESG Aware MSCI EM ETF 20.1 25 40 7.0 +5.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 20.0 95 -30 7.1 +5.3
EEM iShares MSCI Emerging Markets ETF 19.7 70 -5 6.0 +4.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 19.6 40 25 6.1 +4.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 19.5 65 0 6.0 +4.1
FLAX Franklin FTSE Asia Ex Japan ETF 19.5 19 46 6.2 +4.4
FXI iShares China Large-Cap ETF 19.4 74 -9 10.5 +8.7
XBUY Amplify International Online Retail ETF 19.3 69 -4 0.5 -1.4
LDEM iShares ESG MSCI EM Leaders ETF 19.1 16 49 6.4 +4.5
DWLD Davis Select Worldwide ETF 19.0 63 2 5.6 +3.8
AIA iShares Asia 50 ETF 19.0 50 15 6.0 +4.1
ARKF ARK Fintech Innovation ETF 18.9 75 -10 0.2 -1.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 18.9 36 29 6.8 +4.9
VWO Vanguard FTSE Emerging Markets ETF 18.8 10 55 6.9 +5.1
SPEM SPDR Portfolio Emerging Markets ETF 18.8 11 54 6.5 +4.7
EMXF iShares ESG Advanced MSCI EM ETF 18.2 16 49 7.1 +5.2
ESPO VanEck Vectors Video Gaming & eSports ETF 17.8 55 10 3.0 +1.1
IEMG iShares Core MSCI Emerging Markets ETF 17.7 11 54 6.6 +4.7
RESE WisdomTree Emerging Markets ESG Fund 17.6 32 33 6.7 +4.8
WUGI Esoterica NextG Economy ETF 17.6 75 -10 1.0 -0.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 17.4 45 20 6.3 +4.5
CHIC Global X MSCI China Communication Services ETF 17.3 66 -1 4.5 +2.7
GLCN VanEck Vectors Ftse China A50 ETF 17.1 60 5 4.1 +2.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 17.0 32 33 5.0 +3.2
IDMO Invesco S&P International Developed Momentum ETF 16.6 26 39 3.7 +1.8
GENY Principal Millennials Index ETF 16.2 45 20 3.4 +1.5
JIG JPMorgan International Growth ETF 15.1 55 10 2.4 +0.6
AIQ Global X Future Analytics Tech ETF 15.0 68 -3 3.4 +1.6
JHEM John Hancock Multifactor Emerging Markets ETF 14.9 49 16 7.4 +5.6
XNTK SPDR NYSE Technology ETF 14.7 35 30 2.7 +0.8
BKEM BNY Mellon Emerging Markets Equity ETF 14.4 11 54 6.7 +4.8
ISEM Invesco RAFI Strategic Emerging Markets ETF 14.3 35 30 8.9 +7.0
IWFH iShares Virtual Work and Life Multisector ETF 13.8 47 18 0.5 -1.4
THNQ ROBO Global Artificial Intelligence ETF 13.5 68 -3 1.3 -0.6
BLOK Amplify Transformational Data Sharing ETF 13.2 70 -5 4.0 +2.1
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 13.2 25 40 3.0 +1.2
FPXE First Trust IPOX Europe Equity Opportunities ETF 12.8 70 -5 1.4 -0.5
BICK First Trust BICK Index Fund 12.7 64 1 3.2 +1.4
IXP iShares Global Comm Services ETF 12.2 46 19 5.2 +3.3
AVEM Avantis Emerging Markets Equity ETF 12.1 33 32 7.3 +5.4
FDEM Fidelity Emerging Markets Multifactor ETF 11.7 45 20 7.7 +5.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 11.5 49 16 7.6 +5.7
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 11.4 16 49 6.0 +4.1
ARKW ARK Web x.0 ETF 11.2 79 -14 -0.8 -2.6
EMMF WisdomTree Emerging Markets Multifactor Fund 11.1 48 17 8.1 +6.2
VSGX Vanguard ESG International Stock ETF 10.4 17 48 6.3 +4.5
IBUY Amplify Online Retail ETF 9.7 65 0 -0.4 -2.3
DSTX Distillate International Fundamental Stability & Value ETF 9.7 55 10 5.9 +4.0
HERO Global X Video Games & Esports ETF 9.4 50 15 3.7 +1.8
JOYY Infusive Compounding Global Equities ETF 9.3 50 15 3.4 +1.5
VIGI Vanguard International Dividend Appreciation ETF 9.1 20 45 5.0 +3.2
EMGF iShares MSCI Emerging Markets Multifactor ETF 9.1 45 20 8.6 +6.7
BLCN Reality Shares Nasdaq NextGen Economy ETF 8.9 68 -3 5.0 +3.1
AIIQ AI Powered International Equity ETF 8.7 79 -14 2.5 +0.7
ARKK ARK Innovation ETF 8.6 75 -10 -1.6 -3.5
BTEK BlackRock Future Tech ETF 8.5 88 -23 -0.2 -2.0
ARKQ Ark Industrial Innovation ETF 8.4 75 -10 0.3 -1.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.1 40 25 6.1 +4.2
ANEW ProShares MSCI Transformational Changes ETF 8.1 45 20 2.4 +0.5
IMOM Alpha Architect International Quantitative Momentum ETF 8.0 59 6 2.6 +0.8
PXH Invesco FTSE RAFI Emerging Markets ETF 8.0 50 15 11.6 +9.8

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 Jones International Internet ETF
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 20.4 %
Divided by: Fwd. P/BV 8.1 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 1.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.31 CATEGORY
AVERAGE		 1.54
 
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.