First Trust Water ETF
ALTAR
Score™
5.1% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
19.7x P/Sales
ratio
1.7x
P/BV
ratio
2.6x Div.
yield
1.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust ISE Water Index Fund seeks investment results that correspond to the ISE Water Index.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date May 11, 2007
Assets (mns) $426
Currency USD
Expense ratio 55 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 35
Wgt avg mkt cap (mns) $13,372
Large cap (>$10bn) 33.4%
Mid cap ($2-10bn) 43.7%
Small cap (<$2bn) 22.9%
Developed mkts 98.6%
Emerging mkts 1.4%

TOP TEN HOLDINGS
AGILENT TECHNOLOGIES INC 4.8 %
DANAHER CORP 4.6 %
AMERICAN WATER WORKS CO INC 4.5 %
AQUA AMERICA INC 4.4 %
ROPER INDUSTRIES INC 4.0 %
XYLEM INC 4.0 %
IDEX CORP 4.0 %
IDEXX LABORATORIES INC 4.0 %
SMITH (A.O.) CORP 3.9 %
AMERICAN STATES WATER CO 3.7 %
Total 41.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.3 %
BRITAIN 3.4 %
BRAZIL 1.4 %








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.
-20.2% -6.0% 9.4% 10.0% 7.5%

Market Correlations
versus... Beta R-squared
S&P500 1.04 83%
MSCI EAFE 0.99 73%
MSCI Emg. Mkts. 0.72 57%

Technical Indicators
Recent close $46.07
30d moving avg. $51.89
Annualized volatility 17.4%
Short interest (ETF) 0.2%
Short interest (Underlying) 4.9%
Relative strength (RSI) 35

Liquidity measures
Avg. volume (thou.) 95
Turnover 1.0%
Bid/Ask (% of price) 0.51%
ADV underlying (mns) $4,545

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FIW Expense: 55 bp ALTAR Score™: 5.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FIW
Ticker Fund
Name
Overlap1
vs FIW
(%)
Expense
ratio
(bp)
Savings
vs FIW
(bp)
ALTAR
Score™
(%)
ALTAR
vs FIW
(%)
PHO Invesco Water Resources ETF 66.3 60 -5 4.9 -0.2
CGW Invesco S&P Global Water Index ETF 38.6 62 -7 5.1 +0.1
TBLU Tortoise Water Fund 37.2 40 15 6.3 +1.3
PIO Invesco Global Water ETF 30.2 75 -20 5.2 +0.1
XKII SPDR Kensho Intelligent Structures ETF 21.3 45 10 8.6 +3.6
KSCD KFA Small Cap Quality Dividend Index ETF 15.5 51 4 7.4 +2.3
PUI Invesco DWA Utilities Momentum ETF 15.3 60 -5 5.1 +0.1
SMDV ProShares Russell 2000 Dividend Growers ETF 13.5 40 15 8.4 +3.3
PZD Invesco Cleantech ETF 10.9 68 -13 6.5 +1.4
PRN Invesco DWA Industrials Momentum ETF 10.0 60 -5 15.1 +10.0
DIET Defiance Next Gen Food & Agriculture ETF 9.6 30 25 6.3 +1.3
IFRA iShares U.S. Infrastructure ETF 9.6 40 15 7.6 +2.5
PAVE Global X U.S. Infrastructure Development ETF 9.2 47 8 8.1 +3.0
RGI Invesco S&P 500 Equal Weight Industrials ETF 8.7 40 15 8.2 +3.1
TMDV ProShares Russell US Dividend Growers ETF 7.8 35 20 6.5 +1.5
PSCI Invesco S&P SmallCap Industrials ETF 7.5 29 26 9.7 +4.6
SUSA iShares MSCI USA ESG Select ETF 7.1 25 30 6.2 +1.2
IHI iShares U.S. Medical Devices ETF 7.1 43 12 4.4 -0.7
PSCU Invesco S&P SmallCap Utilities ETF 6.8 29 26 3.4 -1.6
EVX VanEck Vectors Environmental Services ETF 6.4 56 -1 7.0 +1.9
ETHO Etho Climate Leadership U.S. ETF 6.4 47 8 6.7 +1.6
NOBL ProShares S&P 500 Dividend Aristocrats ETF 6.3 35 20 7.5 +2.4
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 6.3 75 -20 7.0 +2.0
BIBL Inspire ETF 6.2 35 20 6.2 +1.1
CLRG IQ Chaikin U.S. Large Cap ETF 5.7 25 30 11.5 +6.5
NUMG Nuveen ESG Mid-Cap Growth ETF 5.7 40 15 4.6 -0.5
DEF Invesco Defensive Equity ETF 5.6 55 0 6.4 +1.3
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 5.4 38 17 13.4 +8.4
GARD Reality Shares DIVCON Dividend Guard ETF 5.4 129 -74 4.7 -0.4
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 5.4 70 -15 6.1 +1.1
PDP Invesco DWA Momentum ETF 5.4 62 -7 4.4 -0.6
GEX VanEck Vectors Global Alternative Energy ETF 5.3 63 -8 7.2 +2.1
RYH Invesco S&P 500 Equal Weight Health Care ETF 5.3 40 15 7.9 +2.9
LEAD Reality Shares DIVCON Leaders Dividend ETF 5.3 43 12 5.7 +0.6
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 5.1 60 -5 12.8 +7.8
XTH SPDR S&P Technology Hardware ETF 5.0 35 20 7.4 +2.4
IEHS iShares Evolved U.S. Healthcare Staples ETF 4.9 18 37 6.9 +1.9
VPU Vanguard Utilities Index Fund 4.6 10 45 6.2 +1.2
GNOM Global X Genomics & Biotechnology ETF 4.6 68 -13 -3.8 -8.8
VIOG Vanguard S&P Small-Cap 600 Growth ETF 4.5 16 39 7.5 +2.4
IJT iShares S&P Small-Cap 600 Growth ETF 4.5 25 30 7.4 +2.4
SLYG SPDR S&P 600 Small Cap Growth ETF 4.5 15 40 7.5 +2.5
PXSG Invesco S&P SmallCap Momentum ETF 4.5 39 16 7.4 +2.4
UTES Virtus Reaves Utilities ETF 4.5 49 6 5.4 +0.4
GRES IQ Global Resources ETF 4.4 77 -22 9.0 +4.0
FUTY Fidelity MSCI Utilities Index ETF 4.4 8 47 6.3 +1.2
CWS AdvisorShares Focused Equity ETF 4.4 85 -30 6.8 +1.8
PSCT Invesco S&P SmallCap Information Technology ETF 4.4 29 26 7.7 +2.7
SDY SPDR S&P Dividend ETF 4.4 35 20 8.2 +3.1
ECLN First Trust EIP Carbon Impact ETF 4.4 95 -40 4.4 -0.7
DFND Reality Shares DIVCON Dividend Defender ETF 4.3 121 -66 4.8 -0.2
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 4.2 25 30 7.7 +2.6
VIS Vanguard Industrials Index Fund 4.2 10 45 8.0 +2.9
RYU Invesco S&P 500 Equal Weight Utilities ETF 4.2 40 15 6.5 +1.4
FIDU Fidelity MSCI Industrials Index ETF 4.2 8 47 7.8 +2.8
XSHQ Invesco S&P SmallCap Quality ETF 4.1 29 26 8.0 +2.9
JHMU John Hancock Multifactor Utilities ETF 4.1 40 15 6.6 +1.5
KNOW Direxion All Cap Insider Sentiment Shares 4.0 59 -4 7.2 +2.2
TPLC Timothy Plan US Large Cap Core ETF 4.0 52 3 7.3 +2.3
XLV Health Care Select Sector SPDR Fund 4.0 13 42 8.1 +3.0
MOO VanEck Vectors Agribusiness ETF 4.0 54 1 7.5 +2.5
PAWZ ProShares Pet Care ETF 4.0 50 5 3.2 -1.8
XLI Industrial Select Sector SPDR Fund 3.9 13 42 7.7 +2.7
XHB SPDR S&P Homebuilders ETF 3.9 35 20 13.1 +8.0
VSL Volshares Large Capital ETF 3.8 65 -10 8.7 +3.7
JHMH John Hancock Multifactor Healthcare ETF 3.8 40 15 7.2 +2.1
JKH iShares Morningstar Mid-Cap Growth ETF 3.8 30 25 3.6 -1.5
XHE SPDR S&P Health Care Equipment ETF 3.7 35 20 2.7 -2.4
IYH iShares U.S. Healthcare ETF 3.7 43 12 7.1 +2.0
JHMA John Hancock Multifactor Materials ETF 3.6 40 15 9.1 +4.0
RTM Invesco S&P 500 Equal Weight Materials ETF 3.6 40 15 8.8 +3.7
VAW Vanguard Materials Index Fund 3.6 10 45 8.7 +3.7
FMAT Fidelity MSCI Materials Index ETF 3.6 8 47 8.7 +3.6
XLB Materials Select Sector SPDR Fund 3.6 13 42 8.3 +3.2
IYM iShares U.S. Basic Materials ETF 3.6 42 13 8.2 +3.2
PYZ Invesco DWA Basic Materials Momentum ETF 3.6 60 -5 7.7 +2.7
IDU iShares U.S. Utilities ETF 3.6 43 12 6.1 +1.0
PSET Principal Price Setters Index ETF 3.5 29 26 7.1 +2.1
AIRR First Trust RBA American Industrial Renaissance ETF 3.5 70 -15 9.8 +4.8
JHMI John Hancock Multifactor Industrials ETF 3.5 40 15 8.5 +3.5
VBR Vanguard Small Cap Value Index Fund 3.5 7 48 12.0 +7.0
JKJ iShares Morningstar Small-Cap ETF 3.5 25 30 9.0 +4.0
RNSC Small Cap US Equity Select ETF 3.5 60 -5 9.5 +4.4
XSLV Invesco S&P SmallCap Low Volatility ETF 3.5 25 30 11.6 +6.6
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 3.5 39 16 8.7 +3.6
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 3.4 35 20 9.1 +4.1
JKE iShares Morningstar Large-Cap Growth ETF 3.4 25 30 4.7 -0.4
VHT Vanguard Health Care Index Fund 3.4 10 45 6.5 +1.5
HUSV First Trust Horizon Managed Volatility Domestic ETF 3.4 70 -15 6.6 +1.6
FHLC Fidelity MSCI Health Care Index ETF 3.3 8 47 6.6 +1.5
FYC First Trust Small Cap Growth AlphaDEX Fund 3.3 70 -15 3.7 -1.3
SPMO Invesco S&P 500 Momentum ETF 3.3 13 42 5.3 +0.2
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 3.2 60 -5 9.1 +4.1
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 3.2 49 6 7.6 +2.5
FLLV Franklin Liberty U.S. Low Volatility ETF 3.2 29 26 7.1 +2.0
SNSR Global X Internet of Things Thematic ETF 3.2 68 -13 6.5 +1.4
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 3.1 12 43 10.6 +5.5
NULG Nuveen ESG Large-Cap Growth ETF 3.1 35 20 4.8 -0.3
HELX Franklin Genomic Advancements ETF 3.1 50 5 -2.3 -7.4
MTUM iShares Edge MSCI USA Momentum Factor ETF 3.1 15 40 5.7 +0.7

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 Water ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.1 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 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.