First Trust Nasdaq Pharmaceuticals ETF
ALTAR
Score™
6.9% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
15.8x P/Sales
ratio
1.4x
P/BV
ratio
3.1x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust NASDAQ Pharmaceutical ETF tracks the most liquid US pharmaceutical companies, weighted according to factors related to value, volatility, and growth.

FUND BASICS
Category US Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Sep 20, 2016
Assets (mns) $21
Currency USD
Expense ratio 60 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 27
Wgt avg mkt cap (mns) $88,204
Large cap (>$10bn) 64.5%
Mid cap ($2-10bn) 20.1%
Small cap (<$2bn) 15.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ABBVIE INC 8.4 %
BRISTOL-MYERS SQUIBB CO 8.3 %
PFIZER INC 8.0 %
HORIZON PHARMA PLC 7.7 %
JOHNSON & JOHNSON 7.7 %
JAZZ PHARMACEUTICALS PLC 4.4 %
CARDINAL HEALTH INC 4.3 %
CATALENT INC 4.3 %
PACIRA PHARMACEUTICALS INC 4.2 %
ZOETIS INC 4.1 %
Total 61.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 80.1 %
IRELAND 19.6 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
8.0% 10.6% -- -- 6.9%

Market Correlations
versus... Beta R-squared
S&P500 0.90 81%
MSCI EAFE 0.80 64%
MSCI Emg. Mkts. 0.64 51%

Technical Indicators
Recent close $24.99
30d moving avg. $24.52
Annualized volatility 18.6%
Short interest (ETF) 5.4%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.9%
Bid/Ask (% of price) 0.34%
ADV underlying (mns) $5,784

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FTXH Expense: 60 bp ALTAR Score™: 6.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FTXH
Ticker Fund
Name
Overlap1
vs FTXH
(%)
Expense
ratio
(bp)
Savings
vs FTXH
(bp)
ALTAR
Score™
(%)
ALTAR
vs FTXH
(%)
XPH SPDR S&P Pharmaceuticals ETF 53.5 35 25 3.8 -3.1
IHE iShares U.S. Pharmaceuticals ETF 50.2 42 18 5.2 -1.7
PJP Invesco Dynamic Pharmaceuticals ETF 44.4 56 4 13.0 +6.1
PPH VanEck Vectors Pharmaceutical ETF 44.2 36 24 11.0 +4.1
IEIH iShares Evolved U.S. Innovative Healthcare ETF 37.8 18 42 3.4 -3.6
XLV Health Care Select Sector SPDR Fund 34.2 13 47 7.3 +0.4
IYH iShares U.S. Healthcare ETF 33.0 43 17 6.3 -0.6
FHLC Fidelity MSCI Health Care Index ETF 31.9 8 52 5.6 -1.4
VHT Vanguard Health Care Index Fund 30.9 10 50 5.4 -1.5
JHMH John Hancock Multifactor Healthcare ETF 25.9 40 20 6.1 -0.8
IXJ iShares Global Healthcare ETF 25.3 46 14 6.4 -0.5
DURA VanEck Vectors Morningstar Durable Dividend ETF 23.0 29 31 8.2 +1.3
RYH Invesco S&P 500 Equal Weight Health Care ETF 17.1 40 20 6.8 -0.1
HDV iShares Core High Dividend ETF 14.7 8 52 6.8 -0.2
FDL First Trust Morningstar Dividend Leaders Index Fund 14.4 45 15 9.6 +2.7
DHS WisdomTree U.S. High Dividend Fund 14.3 38 22 8.2 +1.2
OUSA O'Shares FTSE US Quality Dividend ETF 13.7 48 12 5.6 -1.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 13.1 12 48 4.6 -2.4
PWV Invesco Dynamic Large Cap Value ETF 12.7 56 4 7.7 +0.8
MGV Vanguard Mega Cap Value ETF 12.2 7 53 6.8 -0.1
HLAL Wahed FTSE USA Shariah ETF 11.9 50 10 4.1 -2.8
IEHS iShares Evolved U.S. Healthcare Staples ETF 11.8 18 42 5.4 -1.5
VYM Vanguard High Dividend Yield Index ETF 11.6 6 54 7.0 +0.1
GBLO Global Beta Low Beta ETF 11.5 29 31 7.2 +0.3
VIRS Pacer BioThreat Strategy ETF 11.2 70 -10 4.6 -2.3
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 11.2 35 25 6.8 -0.1
VTV Vanguard Value Index Fund 10.1 4 56 6.8 -0.1
SPHQ Invesco S&P 500 Quality ETF 10.0 15 45 4.4 -2.5
LVHD Legg Mason Low Volatility High Dividend ETF 10.0 27 33 7.8 +0.9
NACP Impact Shares NAACP Minority Empowerment ETF 9.9 75 -15 4.6 -2.4
FXH First Trust Health Care AlphaDEX Fund 9.9 62 -2 5.0 -1.9
FTCS First Trust Capital Strength ETF 9.8 58 2 5.1 -1.8
QLV FlexShares US Quality Low Volatility Index Fund 9.5 22 38 4.7 -2.2
DGRO iShares Core Dividend Growth ETF 9.5 8 52 6.3 -0.6
DLN WisdomTree U.S. LargeCap Dividend Fund 9.3 28 32 6.1 -0.9
RAFE PIMCO RAFI ESG U.S. ETF 9.3 29 31 7.1 +0.2
MTUM iShares MSCI USA Momentum Factor ETF 9.2 15 45 4.0 -2.9
SDGA Impact Shares Sustainable Development Goals Global ETF 9.1 75 -15 5.0 -1.9
RNDV US Equity Dividend Select ETF 8.9 50 10 7.9 +0.9
XLG Invesco S&P 500 Top 50 ETF 8.7 20 40 4.3 -2.6
PAWZ ProShares Pet Care ETF 8.6 50 10 2.5 -4.5
CCOR Core Alternative ETF 8.4 109 -49 4.5 -2.4
SPLV Invesco S&P 500 Low Volatility ETF 8.4 25 35 5.5 -1.4
JKF iShares Morningstar Large Cap Value ETF 8.4 25 35 7.1 +0.2
PTH Invesco DWA Healthcare Momentum ETF 8.4 60 0 -2.5 -9.4
STLV iShares Factors US Value Style ETF 8.4 25 35 6.9 -0.0
DTN WisdomTree U.S. Dividend ex-Financials Fund 8.3 38 22 7.5 +0.5
JKD iShares Morningstar Large-Cap ETF 8.2 20 40 5.4 -1.5
SCHV Schwab U.S. Large-Cap Value ETF 8.2 4 56 6.3 -0.6
DTD WisdomTree U.S.Total Dividend Fund 8.2 28 32 6.3 -0.6
FLV American Century Focused Large Cap Value ETF 8.1 42 18 5.9 -1.0
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 7.9 25 35 5.7 -1.2
PWB Invesco Dynamic Large Cap Growth ETF 7.8 56 4 3.3 -3.7
XBI SPDR S&P BIOTECH ETF 7.7 35 25 -2.0 -8.9
REVS Columbia Research Enhanced Value ETF 7.7 19 41 7.2 +0.3
SDOG ALPS Sector Dividend Dogs ETF 7.7 40 20 8.8 +1.9
IBBJ Defiance Nasdaq Junior Biotechnology ETF 7.6 45 15 -1.9 -8.8
RECS Columbia Research Enhanced Core ETF 7.5 15 45 5.3 -1.6
SYV SPDR MFS Systematic Value Equity ETF 7.5 60 0 6.8 -0.1
FLLV Franklin Liberty U.S. Low Volatility ETF 7.4 29 31 5.2 -1.7
QDEF FlexShares Quality Dividend Defensive Index Fund 7.4 37 23 5.8 -1.1
USDY Pacific Global US Equity Income ETF 7.4 29 31 7.7 +0.8
ACIO Aptus Collared Income Opportunity ETF 7.3 79 -19 4.4 -2.6
RFDA RiverFront Dynamic US Dividend Advantage ETF 7.3 52 8 5.1 -1.8
VOOV Vanguard S&P 500 Value ETF 7.3 10 50 6.8 -0.1
STLC iShares Factors US Blend Style ETF 7.3 25 35 5.0 -1.9
IOO iShares Global 100 ETF 7.2 40 20 4.5 -2.4
VIG Vanguard Dividend Appreciation Index Fund 7.2 6 54 5.1 -1.8
IWX iShares Russell Top 200 Value ETF 7.1 20 40 6.3 -0.6
OEF iShares S&P 100 ETF 7.1 20 40 4.5 -2.4
BTEC Principal Healthcare Innovators Index ETF 7.1 42 18 -1.9 -8.9
SPXT ProShares S&P 500 Ex-Technology ETF 7.0 27 33 5.2 -1.7
SHE SPDR SSGA Gender Diversity Index ETF 7.0 20 40 4.4 -2.5
NULV Nuveen ESG Large-Cap Value ETF 7.0 35 25 6.7 -0.2
MOAT VanEck Vectors Morningstar Wide Moat ETF 6.9 49 11 6.3 -0.6
QDYN FlexShares Quality Dividend Dynamic Index Fund 6.9 37 23 5.7 -1.2
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 6.8 75 -15 5.6 -1.4
QDF FlexShares Quality Dividend Index Fund 6.8 37 23 5.7 -1.2
JQUA JPMorgan U.S. Quality Factor ETF 6.8 12 48 5.2 -1.8
IVE iShares S&P 500 Value ETF 6.8 18 42 6.7 -0.2
SPYV SPDR Portfolio S&P 500 Value ETF 6.8 4 56 6.9 -0.1
SYE SPDR MFS Systematic Core Equity ETF 6.8 60 0 5.4 -1.5
DEF Invesco Defensive Equity ETF 6.8 55 5 5.1 -1.8
LSLT Salt Low truBeta US Market ETF 6.7 60 0 5.7 -1.3
SBIO ALPS Medical Breakthroughs ETF 6.7 50 10 -1.5 -8.4
WOMN Impact Shares YWCA Women's Empowerment ETF 6.7 75 -15 3.9 -3.1
DGRW WisdomTree U.S. Quality Dividend Growth Fund 6.7 28 32 6.2 -0.7
PFM Invesco Dividend Achievers ETF 6.6 53 7 5.1 -1.8
SPDV AAM S&P 500 High Dividend Value ETF 6.5 29 31 9.0 +2.1
FDRR Fidelity Dividend ETF for Rising Rates 6.5 29 31 6.3 -0.6
QUAL iShares MSCI Usa Quality Factor ETF 6.5 15 45 5.1 -1.8
LEAD Reality Shares DIVCON Leaders Dividend ETF 6.5 43 17 4.3 -2.6
EQWL Invesco Russell Top 200 Equal Weight ETF 6.5 25 35 5.8 -1.1
SPMO Invesco S&P 500 Momentum ETF 6.5 13 47 4.0 -3.0
DIVB iShares U.S. Dividend & Buyback ETF 6.4 25 35 6.3 -0.7
LNGR Global X Longevity Thematic ETF 6.4 50 10 3.2 -3.7
DJD Invesco Dow Jones Industrial Average Dividend ETF 6.4 7 53 6.7 -0.2
FQAL Fidelity Quality Factor ETF 6.4 29 31 5.2 -1.8

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

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 19.7 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 6.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 CATEGORY
AVERAGE
1.49
 
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.