First Trust Dow Jones International Internet ETF
ALTAR
Score™		 2.2% info Recommen-
dation		 AVOID
2020E    2021E
P/E
ratio		 57.3x P/Sales
ratio		 4.3x
P/BV
ratio		 7.3x Div.
yield		 0.2%


  • 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) $46
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) $186,442
Large cap (>$10bn) 92.1%
Mid cap ($2-10bn) 4.5%
Small cap (<$2bn) 0.0%
Developed mkts 51.8%
Emerging mkts 48.2%

TOP TEN HOLDINGS
MEITUAN DIANPING 10.0 %
ALIBABA GROUP HOLDING LTD. SPONSOR 9.8 %
TENCENT HOLDINGS LTD 9.8 %
SHOPIFY, INC. CLASS A 8.5 %
NASPERS LTD-N SHS 6.2 %
JD.COM INC-ADR 5.5 %
ADYEN NV 4.6 %
SEA LTD. (SINGAPORE) SPONSORED ADR 3.8 %
PROSUS N.V. CLASS N 3.1 %
NETEASE.COM INC-ADR 3.0 %
Total 64.3 %

TOP COUNTRY EXPOSURE
CHINA 45.0 %
NETHERLANDS 10.1 %
CANADA 8.5 %
SOUTH AFRICA 6.2 %
BRITAIN 5.4 %
SOUTH KOREA 5.4 %
JAPAN 5.4 %
GERMANY 4.1 %
SINGAPORE 3.8 %
LUXEMBOURG 2.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
63.3% 87.8% -- -- 52.5%

Market Correlations
versus... Beta R-squared
S&P500 0.94 67%
MSCI EAFE 0.99 59%
MSCI Emg. Mkts. 0.78 56%

Technical Indicators
Recent close $38.49
30d moving avg. $38.77
Annualized volatility 24.4%
Short interest (ETF) 1.4%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 31
Turnover 2.6%
Bid/Ask (% of price) 0.62%
ADV underlying (mns) $4,462

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 2.2%


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 59.7 86 -21 2.3 +0.1
KWEB KraneShares CSI China Internet ETF 41.9 76 -11 2.0 -0.2
EEMO Invesco S&P Emerging Markets Momentum ETF 38.0 29 36 6.5 +4.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 38.0 32 33 6.1 +3.9
CHIL Global X MSCI China Large-Cap 50 ETF 35.9 29 36 8.0 +5.8
TTTN UP Fintech China-U.S. Internet Titans ETF 31.5 59 6 4.3 +2.1
MCHI iShares MSCI China ETF 30.8 59 6 8.1 +5.9
FLCH Franklin FTSE China ETF 30.8 19 46 8.6 +6.4
GXC SPDR S&P China ETF 30.2 59 6 8.3 +6.2
ECON Columbia Emerging Markets Consumer ETF 28.8 59 6 4.6 +2.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 28.3 32 33 6.0 +3.8
KALL KraneShares FTSE Emerging Markets Plus ETF 28.2 49 16 8.3 +6.1
BKF iShares MSCI BRIC ETF 27.7 69 -4 7.7 +5.6
BUYZ Franklin Disruptive Commerce ETF 27.3 50 15 -0.2 -2.3
CN Xtrackers MSCI All China Equity ETF 26.9 50 15 8.4 +6.2
OGIG O'Shares Global Internet Giants ETF 26.7 48 17 0.8 -1.4
GBUY Goldman Sachs Motif New Age Consumer ETF 26.3 50 15 1.8 -0.4
CHIQ Global X China Consumer ETF 26.1 65 0 7.4 +5.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 26.0 20 45 7.0 +4.8
PNQI Invesco NASDAQ Internet ETF 24.8 60 5 1.0 -1.2
DINT Davis Select International ETF 24.6 68 -3 6.1 +3.9
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 24.5 60 5 4.5 +2.3
GIGE SoFi Gig Economy ETF 23.8 59 6 -0.7 -2.9
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 23.7 18 47 5.5 +3.3
SOCL Global X Social Media ETF 23.6 65 0 1.8 -0.4
PGJ Invesco Golden Dragon China ETF 23.3 70 -5 3.3 +1.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 22.9 30 35 7.9 +5.8
FNI First Trust Chindia ETF 22.7 60 5 2.6 +0.5
NUEM Nuveen ESG Emerging Markets Equity ETF 22.7 45 20 7.1 +4.9
GMF SPDR S&P Emerging Asia Pacific ETF 22.4 49 16 7.5 +5.4
EBIZ Global X E-Commerce ETF 22.1 50 15 2.7 +0.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 21.9 68 -3 7.2 +5.0
PBEE Invesco PureBeta FTSE Emerging Markets ETF 21.8 15 50 8.9 +6.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 21.7 36 29 7.7 +5.5
CQQQ Invesco China Technology ETF 21.7 70 -5 4.1 +1.9
ESGE iShares ESG MSCI EM ETF 21.5 25 40 8.8 +6.6
SCHE Schwab Emerging Markets Equity ETF 21.3 11 54 8.2 +6.0
EEMA iShares MSCI Emerging Markets Asia ETF 21.2 50 15 7.8 +5.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 21.0 95 -30 8.4 +6.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 20.9 65 0 7.6 +5.4
EEM iShares MSCI Emerging Markets ETF 20.7 68 -3 7.6 +5.4
FLAX Franklin FTSE Asia Ex Japan ETF 20.6 19 46 7.9 +5.7
DWLD Davis Select Worldwide ETF 19.6 63 2 6.7 +4.5
DVEM WisdomTree Emerging Markets Dividend Fund 19.6 32 33 7.4 +5.3
VWO Vanguard FTSE Emerging Markets ETF 19.6 10 55 8.2 +6.0
SPEM SPDR Portfolio Emerging Markets ETF 18.8 11 54 8.1 +5.9
IEMG iShares Core MSCI Emerging Markets ETF 18.7 13 52 8.1 +5.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 18.4 45 20 7.7 +5.6
FXI iShares China Large-Cap ETF 18.1 74 -9 14.0 +11.8
PEK VanEck Vectors ChinaAMC CSI 300 ETF 18.0 60 5 7.2 +5.0
FPXI First Trust International Equity Opportunities ETF 18.0 70 -5 3.3 +1.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 17.4 40 25 7.4 +5.2
AIA iShares Asia 50 ETF 17.2 50 15 8.2 +6.0
ARKF ARK Fintech Innovation ETF 17.2 75 -10 0.7 -1.5
XBUY Amplify International Online Retail ETF 17.1 69 -4 -0.5 -2.7
ESPO VanEck Vectors Video Gaming & eSports ETF 16.5 55 10 2.6 +0.5
GENY Principal Millennials Index ETF 16.1 45 20 4.1 +1.9
WUGI Esoterica NextG Economy ETF 16.0 75 -10 1.6 -0.6
CHIC Global X Nasdaq China Technology ETF 15.7 66 -1 4.2 +2.0
BKEM BNY Mellon Emerging Markets Equity ETF 14.9 11 54 8.6 +6.4
ISEM Invesco Strategic Emerging Markets ETF 14.7 35 30 11.1 +8.9
JHEM John Hancock Multifactor Emerging Markets ETF 14.6 49 16 8.8 +6.6
IDMO Invesco S&P International Developed Momentum ETF 14.5 26 39 4.5 +2.3
BLOK Amplify Transformational Data Sharing ETF 14.4 70 -5 4.4 +2.2
FPXE First Trust IPOX Europe Equity Opportunities ETF 13.9 70 -5 2.3 +0.1
AIQ Global X Future Analytics Tech ETF 13.7 68 -3 4.1 +1.9
XNTK SPDR NYSE Technology ETF 13.7 35 30 4.0 +1.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 13.6 49 16 8.1 +5.9
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 13.5 25 40 1.9 -0.3
THNQ ROBO Global Artificial Intelligence ETF 13.1 68 -3 1.5 -0.7
EMMF WisdomTree Emerging Markets Multifactor Fund 12.5 48 17 9.7 +7.5
FDEM Fidelity Targeted Emerging Markets Factor ETF 12.4 45 20 8.8 +6.6
IBUY Amplify Online Retail ETF 12.4 65 0 -1.2 -3.4
AVEM Avantis Emerging Markets Equity ETF 12.3 33 32 9.1 +6.9
BICK First Trust BICK Index Fund 11.4 64 1 4.6 +2.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 11.2 16 49 6.9 +4.7
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 10.7 45 20 9.2 +7.0
IXP iShares Global Comm Services ETF 10.6 46 19 5.8 +3.6
IPOS Renaissance International IPO ETF 10.4 80 -15 4.7 +2.5
XITK SPDR FactSet Innovative Technology ETF 10.4 45 20 0.5 -1.7
ARKW ARK Web x.0 ETF 9.3 76 -11 -0.9 -3.1
JOYY Infusive Compounding Global Equities ETF 9.2 50 15 6.1 +3.9
AIIQ AI Powered International Equity ETF 9.1 79 -14 3.1 +1.0
VSGX Vanguard ESG International Stock ETF 8.7 17 48 7.1 +4.9
HERO Global X Video Games & Esports ETF 8.6 50 15 2.9 +0.7
EWN iShares MSCI Netherlands ETF 8.4 50 15 5.1 +2.9
IMOM Alpha Architect International Quantitative Momentum ETF 7.9 59 6 3.3 +1.1
BLCN Reality Shares Nasdaq NextGen Economy ETF 7.8 68 -3 3.7 +1.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 7.7 40 25 7.1 +4.9
PXH Invesco FTSE RAFI Emerging Markets ETF 7.7 50 15 13.9 +11.7
SKYY First Trust Cloud Computing ETF 7.7 60 5 2.2 +0.0
ACWX iShares MSCI ACWI ex U.S. ETF 7.3 32 33 7.3 +5.1
CWI SPDR MSCI ACWI ex-US ETF 7.3 30 35 7.2 +5.0
PIE Invesco DWA Emerging Markets Momentum ETF 7.1 90 -25 5.0 +2.8
VIGI Vanguard International Dividend Appreciation ETF 7.0 20 45 5.5 +3.4
VEU Vanguard FTSE All-World ex-US Index Fund 6.9 8 57 7.6 +5.4
FINX Global X FinTech Thematic ETF 6.8 68 -3 3.4 +1.2
GVIP Goldman Sachs Hedge Industry VIP ETF 6.8 45 20 3.9 +1.7
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 6.7 25 40 8.1 +5.9

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 18.6 %
Divided by: Fwd. P/BV 6.6 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 2.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.33 CATEGORY
AVERAGE		 1.57
 
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.