First Trust Nasdaq Semiconductor ETF
ALTAR
Score™
4.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
26.6x P/Sales
ratio
5.7x
P/BV
ratio
4.7x Div.
yield
1.1%


  • 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) $44
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) $58,654
Large cap (>$10bn) 70.4%
Mid cap ($2-10bn) 29.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MARVELL TECHNOLOGY GROUP LTD 8.5 %
SKYWORKS SOLUTIONS INC 8.2 %
INPHI CORP 7.6 %
ENTEGRIS INC 7.5 %
INTEL CORP 6.8 %
TERADYNE INC 4.8 %
NVIDIA CORP 4.3 %
QUALCOMM INC 4.2 %
POWER INTEGRATIONS INC 4.2 %
MAXIM INTEGRATED PRODUCTS 4.1 %
Total 60.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 91.6 %
BERMUDA 8.5 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
6.9% 36.5% -- -- 23.0%

Market Correlations
versus... Beta R-squared
S&P500 1.31 67%
MSCI EAFE 1.26 54%
MSCI Emg. Mkts. 1.01 55%

Technical Indicators
Recent close $45.83
30d moving avg. $43.27
Annualized volatility 27.2%
Short interest (ETF) 0.6%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 10
Turnover 1.1%
Bid/Ask (% of price) 0.43%
ADV underlying (mns) $22,314

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 4.8%


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 57.3 46 14 5.2 +0.4
XSD SPDR S&P Semiconductor ETF 54.3 35 25 3.9 -0.9
PSI Invesco Dynamic Semiconductors ETF 50.7 58 2 4.6 -0.2
SMH VanEck Vectors Semiconductor ETF 48.4 35 25 5.3 +0.5
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 30.9 57 3 4.8 -0.0
JHMT John Hancock Multifactor Technology ETF 29.5 40 20 4.8 +0.0
TDV ProShares S&P Technology Dividend Aristocrats ETF 27.0 45 15 4.7 -0.1
TDIV First Trust NASDAQ Technology Dividend Index Fund 26.2 50 10 5.8 +1.0
QTUM Defiance Quantum ETF 24.0 40 20 5.6 +0.8
RYT Invesco S&P 500 Equal Weight Technology ETF 23.1 40 20 6.7 +1.9
DRIV Global X Autonomous & Electric Vehicles ETF 22.5 68 -8 5.4 +0.6
FIVG Defiance Next Gen Connectivity ETF 21.3 30 30 4.8 -0.0
WUGI Esoterica NextG Economy ETF 20.6 75 -15 1.7 -3.1
XNTK SPDR NYSE Technology ETF 20.3 35 25 3.5 -1.3
IDRV iShares Self-driving EV & Tech ETF 19.7 47 13 7.0 +2.2
IYW iShares U.S. Technology ETF 18.3 42 18 3.9 -0.9
PEXL Pacer US Export Leaders ETF 17.6 60 0 6.0 +1.2
XLK Technology Select Sector SPDR Fund 17.4 13 47 4.6 -0.2
BUL Pacer US Cash Cows Growth ETF 16.9 60 0 6.2 +1.4
MOTO SmartETFs Smart Transportation & Technology ETF 16.3 68 -8 7.5 +2.7
FTEC Fidelity MSCI Information Technology Index ETF 16.3 8 52 4.5 -0.3
NXTG First Trust Indxx NextG ETF 16.1 70 -10 6.1 +1.3
VGT Vanguard Information Technology Index Fund 16.1 10 50 4.4 -0.4
VSL Volshares Large Capital ETF 15.7 65 -5 7.0 +2.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 15.1 59 1 4.1 -0.7
SNSR Global X Internet of Things Thematic ETF 15.1 68 -8 4.4 -0.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 15.1 35 25 4.3 -0.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 14.9 70 -10 7.5 +2.7
VLUE iShares Edge MSCI USA Value Factor ETF 14.4 15 45 11.7 +6.9
GDAT Goldman Sachs Motif Data-Driven World Etf 14.3 50 10 4.8 -0.0
FXL First Trust Technology AlphaDEX Fund 14.2 61 -1 3.0 -1.8
IXN iShares Global Tech ETF 13.9 46 14 4.4 -0.4
KOIN Innovation Shares NextGen Protocol ETF 13.9 95 -35 4.3 -0.5
IGM iShares Expanded Tech Sector ETF 13.9 46 14 3.7 -1.1
RNDV US Equity Dividend Select ETF 13.7 50 10 7.9 +3.1
TECB iShares US Tech Breakthrough Multisector ETF 13.6 40 20 3.9 -0.9
AIQ Global X Future Analytics Tech ETF 13.5 68 -8 3.7 -1.1
QMOM Alpha Architect U.S. Quantitative Momentum ETF 13.3 49 11 2.1 -2.7
EKAR Innovation Shares NextGen Vehicles & Technology ETF 13.1 95 -35 8.2 +3.4
RNLC Large Cap US Equity Select ETF 12.6 60 0 6.3 +1.5
QYLD Global X NASDAQ 100 Covered Call ETF 12.3 60 0 3.5 -1.3
NUSI Nationwide Risk-Managed Income ETF 12.3 68 -8 3.4 -1.4
VEGN US Vegan Climate ETF 12.2 60 0 5.2 +0.4
PTF Invesco DWA Technology Momentum ETF 11.9 60 0 1.1 -3.7
SPHQ Invesco S&P 500 Quality ETF 11.6 15 45 4.6 -0.2
QQQ Invesco QQQ Trust 11.5 20 40 3.7 -1.1
RPG Invesco S&P 500 Pure Growth ETF 11.4 35 25 4.4 -0.4
IQM Franklin Intelligent Machines ETF 11.2 50 10 2.0 -2.8
JVAL JPMorgan U.S. Value Factor ETF 11.1 12 48 9.0 +4.2
LRNZ TrueMark Technology, AI & Deep Learning ETF 10.8 68 -8 0.7 -4.1
LEGR First Trust Index Digital Transaction & Process Technology E 10.4 65 -5 7.1 +2.3
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 10.2 60 0 5.5 +0.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 10.2 19 41 5.7 +0.9
PXQ Invesco Dynamic Networking ETF 10.0 63 -3 3.9 -0.9
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 9.9 49 11 9.8 +5.0
QGRO American Century STOXX U.S. Quality Growth ETF 9.9 29 31 3.1 -1.7
SPHB Invesco S&P 500 High Beta ETF 9.8 25 35 9.9 +5.2
XT iShares Exponential Technologies ETF 9.7 47 13 5.0 +0.2
RDVY First Trust Rising Dividend Achievers ETF 9.5 50 10 8.1 +3.3
SCHD Schwab U.S. Dividend Equity ETF 9.5 6 54 8.5 +3.7
IRBO iShares Robotics & Artificial Intelligence ETF 9.5 47 13 2.6 -2.2
SPMO Invesco S&P 500 Momentum ETF 9.4 13 47 4.3 -0.5
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 9.2 50 10 3.9 -0.9
DSTL Distillate US Fundamental Stability & Value ETF 9.2 39 21 6.6 +1.8
IETC iShares Evolved U.S. Technology ETF 9.1 18 42 3.7 -1.1
EQRR ProShares Equities for Rising Rates ETF 8.9 35 25 6.5 +1.7
PWV Invesco Dynamic Large Cap Value ETF 8.8 55 5 9.1 +4.3
MTUM iShares Edge MSCI USA Momentum Factor ETF 8.8 15 45 4.0 -0.8
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 8.7 21 39 2.9 -1.9
RFDA RiverFront Dynamic US Dividend Advantage ETF 8.7 52 8 5.0 +0.2
ETHO Etho Climate Leadership U.S. ETF 8.4 47 13 4.4 -0.4
FFTY Innovator IBD 50 ETF 8.4 80 -20 3.3 -1.5
QDYN FlexShares Quality Dividend Dynamic Index Fund 8.3 37 23 6.3 +1.5
PWB Invesco Dynamic Large Cap Growth ETF 8.3 55 5 3.3 -1.5
LOUP Innovator Loup Frontier Tech ETF 8.3 70 -10 3.9 -0.9
THNQ ROBO Global Artificial Intelligence ETF 8.0 68 -8 1.8 -3.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 8.0 49 11 4.1 -0.7
DURA VanEck Vectors Morningstar Durable Dividend ETF 7.9 29 31 7.4 +2.6
BLCN Reality Shares Nasdaq NextGen Economy ETF 7.9 68 -8 3.9 -0.9
LRGF iShares Edge MSCI Multifactor USA ETF 7.8 20 40 7.4 +2.6
FTC First Trust Large Cap Growth AlphaDEX Fund 7.7 61 -1 2.8 -2.0
DGRW WisdomTree U.S. Quality Dividend Growth Fund 7.7 28 32 6.5 +1.8
XKST SPDR Kensho Smart Mobility ETF 7.5 45 15 5.3 +0.5
JQUA JPMorgan U.S. Quality Factor ETF 7.4 12 48 5.3 +0.5
VYM Vanguard High Dividend Yield Index ETF 7.3 6 54 7.6 +2.8
VFMF Vanguard U.S. Multifactor ETF 7.3 19 41 7.4 +2.6
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 7.3 49 11 5.2 +0.4
HLAL Wahed FTSE USA Shariah ETF 7.2 50 10 4.6 -0.2
FLQL Franklin LibertyQ U.S. Equity ETF 7.2 15 45 6.3 +1.5
JKF iShares Morningstar Large Cap Value ETF 7.2 25 35 7.8 +3.0
JMOM JPMorgan U.S. Momentum Factor ETF 7.2 12 48 3.8 -1.0
ACWF iShares FactorSelect MSCI Global ETF 7.1 35 25 8.0 +3.2
CACG ClearBridge All Cap Growth ETF 7.1 54 6 4.3 -0.5
SPMV Invesco S&P 500 Minimum Variance ETF 7.1 10 50 5.9 +1.1
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 7.1 75 -15 1.9 -2.9
VOOG Vanguard S&P 500 Growth ETF 6.9 10 50 4.2 -0.6
IVW iShares S&P 500 Growth ETF 6.9 18 42 4.1 -0.7
SPYG SPDR Portfolio S&P 500 Growth ETF 6.9 4 56 4.3 -0.5
GEX VanEck Vectors Global Alternative Energy ETF 6.8 62 -2 4.3 -0.5
IUSG iShares Core S&P US Growth ETF 6.8 4 56 4.3 -0.5

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 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 23.1 %
Divided by: Fwd. P/BV 4.3 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 4.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.52
 
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.