First Trust Nasdaq Semiconductor ETF
ALTAR
Score™
3.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
31.0x P/Sales
ratio
6.8x
P/BV
ratio
5.9x Div.
yield
1.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust NASDAQ Semiconductor ETF tracks the most liquid US semiconductor 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) $59
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 29
Wgt avg mkt cap (mns) $79,304
Large cap (>$10bn) 81.9%
Mid cap ($2-10bn) 13.5%
Small cap (<$2bn) 4.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
QUALCOMM INC 9.0 %
MARVELL TECHNOLOGY GROUP LTD 8.6 %
TEXAS INSTRUMENTS INC 8.3 %
NVIDIA CORP 7.4 %
ENTEGRIS INC 5.0 %
XILINX INC 4.9 %
TERADYNE INC 4.8 %
POWER INTEGRATIONS INC 4.7 %
QORVO INC 4.3 %
BROADCOM INC. 4.2 %
Total 61.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 91.3 %
BERMUDA 8.6 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
17.7% 31.3% -- -- 23.8%

Market Correlations
versus... Beta R-squared
S&P500 1.20 65%
MSCI EAFE 1.18 52%
MSCI Emg. Mkts. 0.99 56%

Technical Indicators
Recent close $56.09
30d moving avg. $52.40
Annualized volatility 26.6%
Short interest (ETF) 1.7%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.9%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $16,992

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FTXL Expense: 60 bp ALTAR Score™: 3.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FTXL
Ticker Fund
Name
Overlap1
vs FTXL
(%)
Expense
ratio
(bp)
Savings
vs FTXL
(bp)
ALTAR
Score™
(%)
ALTAR
vs FTXL
(%)
SOXX iShares PHLX Semiconductor ETF 65.7 46 14 4.9 +1.0
SMH VanEck Vectors Semiconductor ETF 51.2 35 25 4.8 +0.9
XSD SPDR S&P Semiconductor ETF 49.2 35 25 3.5 -0.4
PSI Invesco Dynamic Semiconductors ETF 42.5 57 3 4.0 +0.2
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 30.9 57 3 4.5 +0.7
JHMT John Hancock Multifactor Technology ETF 30.8 40 20 4.3 +0.4
TDIV First Trust NASDAQ Technology Dividend Index Fund 24.7 50 10 6.2 +2.4
QTUM Defiance Quantum ETF 24.2 40 20 4.9 +1.0
FIVG Defiance Next Gen Connectivity ETF 24.0 30 30 4.4 +0.5
RYT Invesco S&P 500 Equal Weight Technology ETF 23.6 40 20 6.0 +2.1
TDV ProShares S&P Technology Dividend Aristocrats ETF 23.6 46 14 4.4 +0.5
XNTK SPDR NYSE Technology ETF 23.4 35 25 3.2 -0.7
WUGI Esoterica NextG Economy ETF 22.4 75 -15 1.3 -2.6
FXL First Trust Technology AlphaDEX Fund 19.6 61 -1 3.6 -0.3
IYW iShares U.S. Technology ETF 19.2 43 17 3.6 -0.2
XLK Technology Select Sector SPDR Fund 18.5 13 47 4.5 +0.6
PEXL Pacer US Export Leaders ETF 18.3 60 0 5.4 +1.5
GBGR Global Beta Momentum-Growth ETF 18.1 29 31 5.1 +1.2
NXTG First Trust Indxx NextG ETF 17.6 70 -10 5.5 +1.6
IDRV iShares Self-driving EV & Tech ETF 17.3 47 13 5.4 +1.5
FTEC Fidelity MSCI Information Technology Index ETF 16.8 8 52 4.2 +0.3
VGT Vanguard Information Technology Index Fund 16.5 10 50 4.2 +0.3
AIQ Global X Future Analytics Tech ETF 15.5 68 -8 3.7 -0.1
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 15.1 59 1 4.0 +0.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 15.1 75 -15 3.9 +0.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 15.1 35 25 4.2 +0.3
KOIN Innovation Shares NextGen Protocol ETF 14.9 95 -35 4.1 +0.2
TECB iShares US Tech Breakthrough Multisector ETF 14.7 40 20 3.8 -0.1
IXN iShares Global Tech ETF 14.6 46 14 4.1 +0.2
IGM iShares Expanded Tech Sector ETF 14.5 46 14 3.5 -0.4
RPG Invesco S&P 500 Pure Growth ETF 14.1 35 25 4.1 +0.3
FFTY Innovator IBD 50 ETF 13.9 80 -20 3.8 -0.1
MOTO SmartETFs Smart Transportation & Technology ETF 13.7 68 -8 6.0 +2.1
DRIV Global X Autonomous & Electric Vehicles ETF 13.6 68 -8 4.8 +0.9
RNLC Large Cap US Equity Select ETF 13.0 60 0 5.5 +1.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 12.9 70 -10 3.0 -0.9
QYLD Global X NASDAQ 100 Covered Call ETF 12.3 60 0 3.3 -0.6
PTF Invesco DWA Technology Momentum ETF 12.3 60 0 -0.8 -4.7
NUSI Nationwide Risk-Managed Income ETF 12.2 68 -8 3.5 -0.4
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 12.1 60 0 3.3 -0.6
EKAR Innovation Shares NextGen Vehicles & Technology ETF 12.1 95 -35 5.8 +1.9
QQQM Invesco NASDAQ 100 ETF 12.0 15 45 3.7 -0.2
QQQ Invesco QQQ Trust 12.0 20 40 3.7 -0.2
SPQQ Siren Large Cap Blend Index ETF 11.9 20 40 4.4 +0.5
VEGN US Vegan Climate ETF 11.9 60 0 4.7 +0.8
SPHQ Invesco S&P 500 Quality ETF 11.6 15 45 4.4 +0.5
LRNZ TrueMark Technology, AI & Deep Learning ETF 11.5 68 -8 0.1 -3.8
SPMO Invesco S&P 500 Momentum ETF 11.4 13 47 3.9 +0.0
IQM Franklin Intelligent Machines ETF 11.2 50 10 1.6 -2.3
ESPO VanEck Vectors Video Gaming & eSports ETF 10.9 55 5 3.1 -0.8
QGRO American Century STOXX U.S. Quality Growth ETF 10.9 29 31 3.1 -0.8
BUL Pacer US Cash Cows Growth ETF 10.7 60 0 6.1 +2.2
BTEK BlackRock Future Tech ETF 10.4 88 -28 0.4 -3.5
IETC iShares Evolved U.S. Technology ETF 10.1 18 42 3.6 -0.3
BIBL Inspire ETF 10.0 35 25 4.5 +0.6
IRBO iShares Robotics & Artificial Intelligence ETF 10.0 47 13 2.4 -1.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 9.9 15 45 5.8 +1.9
XT iShares Exponential Technologies ETF 9.8 47 13 4.6 +0.7
DSTL Distillate US Fundamental Stability & Value ETF 9.8 39 21 5.9 +2.0
QQQJ Invesco NASDAQ Next Gen 100 ETF 9.7 15 45 3.3 -0.6
JVAL JPMorgan U.S. Value Factor ETF 9.7 12 48 7.5 +3.6
VLUE iShares MSCI USA Value Factor ETF 9.7 15 45 10.2 +6.3
RDVY First Trust Rising Dividend Achievers ETF 9.3 50 10 6.9 +3.0
SNSR Global X Internet of Things Thematic ETF 9.3 68 -8 4.4 +0.5
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 9.3 75 -15 2.3 -1.6
MTUM iShares MSCI USA Momentum Factor ETF 9.1 15 45 4.0 +0.1
RNDV US Equity Dividend Select ETF 9.0 50 10 7.7 +3.9
QQQN VictoryShares Nasdaq Next 50 ETF 9.0 18 42 2.9 -1.0
THNQ ROBO Global Artificial Intelligence ETF 9.0 68 -8 1.5 -2.4
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 8.9 99 -39 1.4 -2.5
LEGR First Trust Index Digital Transaction & Process Technology E 8.9 65 -5 8.7 +4.9
PWB Invesco Dynamic Large Cap Growth ETF 8.9 56 4 3.2 -0.7
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 8.8 21 39 2.8 -1.1
FLQL Franklin LibertyQ U.S. Equity ETF 8.8 15 45 5.8 +2.0
JMOM JPMorgan U.S. Momentum Factor ETF 8.8 12 48 3.2 -0.7
BLCN Reality Shares Nasdaq NextGen Economy ETF 8.6 68 -8 5.1 +1.2
SCHD Schwab U.S. Dividend Equity ETF 8.5 6 54 7.2 +3.4
FMK First Trust Mega Cap AlphaDEX Fund 8.5 70 -10 4.7 +0.8
ETHO Etho Climate Leadership U.S. ETF 8.4 47 13 4.0 +0.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 8.3 49 11 3.9 -0.0
CACG ClearBridge All Cap Growth ETF 8.1 54 6 4.0 +0.1
JQUA JPMorgan U.S. Quality Factor ETF 8.1 12 48 5.1 +1.2
SYG SPDR MFS Systematic Growth Equity ETF 8.1 60 0 4.0 +0.1
JKE iShares Morningstar Large-Cap Growth ETF 8.0 25 35 2.8 -1.1
GVIP Goldman Sachs Hedge Industry VIP ETF 7.9 45 15 3.4 -0.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 7.9 19 41 5.5 +1.6
VOOG Vanguard S&P 500 Growth ETF 7.8 10 50 4.1 +0.2
PXQ Invesco Dynamic Networking ETF 7.7 63 -3 3.1 -0.8
DHS WisdomTree U.S. High Dividend Fund 7.7 38 22 8.0 +4.2
QDYN FlexShares Quality Dividend Dynamic Index Fund 7.7 37 23 5.6 +1.7
VPN Global X Data Center REITs & Digital Infrastructure ETF 7.7 50 10 4.7 +0.9
FTC First Trust Large Cap Growth AlphaDEX Fund 7.6 61 -1 2.3 -1.5
IVW iShares S&P 500 Growth ETF 7.5 18 42 4.0 +0.1
SPYG SPDR Portfolio S&P 500 Growth ETF 7.5 4 56 4.1 +0.3
DGRW WisdomTree U.S. Quality Dividend Growth Fund 7.5 28 32 6.1 +2.2
SPMV Invesco S&P 500 Minimum Variance ETF 7.4 10 50 5.5 +1.6
VIRS Pacer BioThreat Strategy ETF 7.4 70 -10 4.6 +0.7
BOTZ Global X Robotics & Artificial Intelligence ETF 7.4 68 -8 2.5 -1.4

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 Semiconductor 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 22.8 %
Divided by: Fwd. P/BV 5.1 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 3.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 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.