First Trust Nasdaq Pharmaceuticals ETF
ALTAR
Score™
7.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
14.2x P/Sales
ratio
2.0x
P/BV
ratio
2.8x Div.
yield
1.7%


  • 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) $10
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 30
Wgt avg mkt cap (mns) $101,121
Large cap (>$10bn) 59.8%
Mid cap ($2-10bn) 24.9%
Small cap (<$2bn) 15.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ELI LILLY & CO 9.0 %
PFIZER INC 8.5 %
JOHNSON & JOHNSON 8.2 %
ZOETIS INC 7.8 %
BRISTOL-MYERS SQUIBB CO 7.5 %
CATALENT INC 5.6 %
HORIZON PHARMA PLC 5.5 %
ABBOTT LABORATORIES 4.6 %
PRESTIGE BRANDS HOLDINGS INC 4.2 %
ABBVIE INC 4.0 %
Total 65.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 82.3 %
IRELAND 16.8 %
BRITAIN 1.8 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-1.8% 15.6% -- -- 5.1%

Market Correlations
versus... Beta R-squared
S&P500 0.93 72%
MSCI EAFE 0.88 56%
MSCI Emg. Mkts. 0.60 40%

Technical Indicators
Recent close $22.98
30d moving avg. $22.59
Annualized volatility 18.5%
Short interest (ETF) 2.0%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 17
Turnover 3.8%
Bid/Ask (% of price) 0.59%
ADV underlying (mns) $8,567

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 7.2%


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 61.1 35 25 4.8 -2.4
IHE iShares U.S. Pharmaceuticals ETF 56.9 42 18 5.3 -1.9
PJP Invesco Dynamic Pharmaceuticals ETF 51.8 56 4 11.1 +3.9
PPH VanEck Vectors Pharmaceutical ETF 45.3 36 24 10.1 +2.9
IEIH iShares Evolved U.S. Innovative Healthcare ETF 38.2 18 42 4.0 -3.2
XLV Health Care Select Sector SPDR Fund 35.6 13 47 7.0 -0.2
IYH iShares U.S. Healthcare ETF 34.7 43 17 6.1 -1.1
FHLC Fidelity MSCI Health Care Index ETF 33.7 8 52 5.6 -1.6
VHT Vanguard Health Care Index Fund 32.9 10 50 5.5 -1.7
JHMH John Hancock Multifactor Healthcare ETF 27.0 40 20 6.0 -1.2
IXJ iShares Global Healthcare ETF 26.6 46 14 6.2 -1.0
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 18.3 75 -15 6.0 -1.2
HDV iShares Core High Dividend ETF 17.3 8 52 6.4 -0.8
RYH Invesco S&P 500 Equal Weight Health Care ETF 16.3 40 20 6.3 -0.9
OUSA O'Shares FTSE US Quality Dividend ETF 15.6 48 12 5.7 -1.5
SPHQ Invesco S&P 500 Quality ETF 15.3 15 45 5.1 -2.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 14.5 12 48 4.9 -2.3
FXH First Trust Health Care AlphaDEX Fund 13.8 62 -2 4.4 -2.7
VYM Vanguard High Dividend Yield Index ETF 13.4 6 54 7.1 -0.1
IEHS iShares Evolved U.S. Healthcare Staples ETF 13.4 18 42 5.6 -1.6
DJD Invesco Dow Jones Industrial Average Dividend ETF 13.4 7 53 6.5 -0.7
DHS WisdomTree U.S. High Dividend Fund 13.2 38 22 8.2 +1.0
MGV Vanguard Mega Cap Value ETF 13.2 7 53 7.0 -0.2
DURA VanEck Vectors Morningstar Durable Dividend ETF 13.0 29 31 6.8 -0.4
ACT AdvisorShares Vice ETF 12.7 99 -39 5.2 -2.0
PAWZ ProShares Pet Care ETF 12.2 50 10 2.5 -4.7
SCHV Schwab U.S. Large-Cap Value ETF 12.1 4 56 6.9 -0.3
JKF iShares Morningstar Large Cap Value ETF 12.0 25 35 7.5 +0.3
HLAL Wahed FTSE USA Shariah ETF 11.8 50 10 4.6 -2.6
VTV Vanguard Value Index Fund 11.7 4 56 7.1 -0.1
RFDA RiverFront Dynamic US Dividend Advantage ETF 11.6 52 8 5.9 -1.2
PWV Invesco Dynamic Large Cap Value ETF 11.6 55 5 8.0 +0.8
MTUM iShares Edge MSCI USA Momentum Factor ETF 11.5 15 45 4.8 -2.3
QDF FlexShares Quality Dividend Index Fund 11.4 37 23 6.8 -0.4
RAFE PIMCO RAFI ESG U.S. ETF 11.1 29 31 7.5 +0.3
QDEF FlexShares Quality Dividend Defensive Index Fund 11.0 37 23 6.2 -1.0
SDGA Impact Shares Sustainable Development Goals Global ETF 10.9 75 -15 5.4 -1.8
DLN WisdomTree U.S. LargeCap Dividend Fund 10.4 28 32 6.3 -0.9
QDYN FlexShares Quality Dividend Dynamic Index Fund 10.4 37 23 6.7 -0.5
DGRO iShares Core Dividend Growth ETF 10.3 8 52 6.4 -0.8
QLV FlexShares US Quality Low Volatility Index Fund 10.0 22 38 5.1 -2.1
NACP Impact Shares NAACP Minority Empowerment ETF 9.9 75 -15 4.5 -2.7
NULV Nuveen ESG Large-Cap Value ETF 9.7 35 25 7.3 +0.1
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 9.5 60 0 6.2 -1.0
FTCS First Trust Capital Strength ETF 9.5 60 0 4.9 -2.3
MOO VanEck Vectors Agribusiness ETF 9.5 54 6 5.5 -1.7
EDOW First Trust Dow 30 Equal Weight ETF 9.5 50 10 5.7 -1.5
SYV SPDR MFS Systematic Value Equity ETF 9.4 60 0 7.1 -0.1
STLV iShares Factors US Value Style ETF 9.4 25 35 7.7 +0.5
SCHD Schwab U.S. Dividend Equity ETF 9.4 6 54 7.2 +0.1
XLG Invesco S&P 500 Top 50 ETF 9.3 20 40 4.7 -2.5
QUAL iShares MSCI Usa Quality Factor ETF 9.3 15 45 5.4 -1.8
DTD WisdomTree U.S.Total Dividend Fund 9.2 28 32 6.5 -0.7
RECS Columbia Research Enhanced Core ETF 9.2 15 45 5.6 -1.5
CCOR Core Alternative ETF 9.1 123 -63 4.2 -2.9
IWX iShares Russell Top 200 Value ETF 9.1 20 40 6.9 -0.3
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 9.0 35 25 6.6 -0.6
RNDV US Equity Dividend Select ETF 8.9 50 10 7.4 +0.2
XBI SPDR S&P BIOTECH ETF 8.7 35 25 -3.9 -11.0
SYE SPDR MFS Systematic Core Equity ETF 8.7 60 0 5.9 -1.3
DTN WisdomTree U.S. Dividend ex-Financials Fund 8.6 38 22 7.7 +0.5
IOO iShares Global 100 ETF 8.5 40 20 4.9 -2.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 8.5 60 0 4.6 -2.6
OEF iShares S&P 100 ETF 8.4 20 40 4.9 -2.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 8.3 49 11 4.2 -3.0
FVAL Fidelity Value Factor ETF 8.3 29 31 8.0 +0.8
PBE Invesco Dynamic Biotechnology & Genome ETF 8.2 57 3 -1.0 -8.2
WOMN Impact Shares YWCA Women's Empowerment ETF 8.2 75 -15 4.5 -2.6
SPXT ProShares S&P 500 Ex-Technology ETF 8.1 27 33 5.6 -1.6
VSL Volshares Large Capital ETF 8.0 65 -5 7.7 +0.5
SPLV Invesco S&P 500 Low Volatility ETF 8.0 25 35 5.7 -1.5
AIEQ AI Powered Equity ETF 7.9 87 -27 3.4 -3.8
SHE SPDR SSGA Gender Diversity Index ETF 7.8 20 40 5.4 -1.8
SPYV SPDR Portfolio S&P 500 Value ETF 7.8 4 56 7.2 -0.0
IVE iShares S&P 500 Value ETF 7.8 18 42 7.0 -0.2
ACIO Aptus Collared Income Opportunity ETF 7.8 79 -19 4.5 -2.7
JQUA JPMorgan U.S. Quality Factor ETF 7.8 12 48 5.2 -2.0
RFFC RiverFront Dynamic US Flex-Cap ETF 7.7 52 8 5.4 -1.8
DGRW WisdomTree U.S. Quality Dividend Growth Fund 7.7 28 32 6.5 -0.7
VOOV Vanguard S&P 500 Value ETF 7.7 15 45 7.1 -0.1
FTHI First Trust High Income ETF 7.6 85 -25 5.4 -1.8
LEAD Reality Shares DIVCON Leaders Dividend ETF 7.5 43 17 4.3 -2.9
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 7.5 25 35 5.9 -1.3
SUSL iShares ESG MSCI USA Leaders ETF 7.4 10 50 5.4 -1.8
SDOG ALPS Sector Dividend Dogs ETF 7.4 40 20 9.7 +2.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 7.4 10 50 5.4 -1.8
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 7.4 15 45 6.2 -0.9
QVM Arrow QVM Equity Factor ETF 7.4 65 -5 4.9 -2.3
QUS SPDR MSCI USA StrategicFactors ETF 7.4 15 45 5.8 -1.4
LVHD Legg Mason Low Volatility High Dividend ETF 7.4 27 33 8.4 +1.2
IUSV iShares Core S&P U.S. Value ETF 7.4 4 56 7.2 +0.1
BVAL Brand Value ETF 7.3 65 -5 5.9 -1.3
VIG Vanguard Dividend Appreciation Index Fund 7.3 6 54 5.2 -2.0
DIVB iShares U.S. Dividend & Buyback ETF 7.3 25 35 6.3 -0.8
FDRR Fidelity Dividend ETF for Rising Rates 7.3 29 31 6.9 -0.3
PFM Invesco Dividend Achievers ETF 7.2 54 6 5.3 -1.9
DIA SPDR Dow Jones Industrial Average ETF Trust 7.2 16 44 5.5 -1.7
REVS Columbia Research Enhanced Value ETF 7.2 19 41 7.4 +0.2
GDNA Goldman Sachs Motif Human Evolution ETF 7.2 50 10 0.3 -6.9
FDLO Fidelity Low Volatility Factor ETF 7.2 29 31 5.2 -2.0

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 20.0 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 CATEGORY
AVERAGE
1.53
 
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.