First Trust Nasdaq Oil & Gas ETF
ALTAR
Score™
2.3% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
-113.7x P/Sales
ratio
1.4x
P/BV
ratio
1.0x Div.
yield
3.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust Nasdaq Oil & Gas ETF tracks an index composed of 50 U.S. oil and gas companies. Holdings are selected by their liquidity, and weighted based on volatility, value, and growth factors.

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 44
Wgt avg mkt cap (mns) $31,028
Large cap (>$10bn) 49.7%
Mid cap ($2-10bn) 33.9%
Small cap (<$2bn) 16.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
RANGE RESOURCES CORP 9.1 %
EQT CORP 8.1 %
EXXON MOBIL CORP 7.8 %
CHENIERE ENERGY INC 7.6 %
CABOT OIL & GAS CORP 7.1 %
CNX RESOURCES CORPORATION 4.8 %
PIONEER NATURAL RESOURCES CO 4.1 %
EOG RESOURCES INC 4.1 %
CONOCOPHILLIPS 3.7 %
KINDER MORGAN INC 3.5 %
Total 59.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 91.8 %
SWITZERLAND 0.7 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-28.1% -28.1% -- -- -11.2%

Market Correlations
versus... Beta R-squared
S&P500 1.91 70%
MSCI EAFE 1.87 67%
MSCI Emg. Mkts. 1.51 56%

Technical Indicators
Recent close $13.94
30d moving avg. $12.30
Annualized volatility 42.7%
Short interest (ETF) 0.5%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 18
Turnover 1.2%
Bid/Ask (% of price) 0.46%
ADV underlying (mns) $9,151

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FTXN Expense: 60 bp ALTAR Score™: 2.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FTXN
Ticker Fund
Name
Overlap1
vs FTXN
(%)
Expense
ratio
(bp)
Savings
vs FTXN
(bp)
ALTAR
Score™
(%)
ALTAR
vs FTXN
(%)
FXN First Trust Energy AlphaDEX Fund 53.0 65 -5 1.8 -0.5
XOP SPDR S&P Oil & Gas Exploration & Production ETF 50.3 35 25 3.0 +0.7
JHME John Hancock Multifactor Energy ETF 48.6 40 20 3.3 +1.0
FENY Fidelity MSCI Energy Index ETF 46.8 8 52 3.6 +1.3
VDE Vanguard Energy Index Fund 46.1 10 50 3.4 +1.2
IYE iShares U.S. Energy ETF 44.7 42 18 3.5 +1.2
RYE Invesco S&P 500 Equal Weight Energy ETF 44.1 40 20 3.2 +0.9
XLE Energy Select Sector SPDR Fund 42.6 13 47 3.9 +1.6
IEO iShares U.S. Oil & Gas Exploration & Production ETF 39.2 42 18 3.0 +0.7
FCG First Trust Natural Gas ETF 39.1 60 0 1.1 -1.2
PXE Invesco Dynamic Energy Exploration & Production ETF 38.3 63 -3 1.4 -0.9
IGE iShares North American Natural Resources ETF 36.7 46 14 3.6 +1.3
IXC iShares Global Energy ETF 31.8 46 14 5.1 +2.8
PXI Invesco DWA Energy Momentum ETF 31.3 60 0 0.2 -2.1
FRAK VanEck Vectors Unconventional Oil & Gas ETF 30.9 54 6 1.3 -1.0
FILL iShares MSCI Global Energy Producers ETF 25.9 39 21 5.5 +3.2
NANR SPDR S&P North American Natural Resources ETF 23.9 35 25 3.1 +0.8
PSCE Invesco S&P SmallCap Energy ETF 16.7 29 31 -0.2 -2.5
HDV iShares Core High Dividend ETF 15.9 8 52 6.3 +4.0
EQRR ProShares Equities for Rising Rates ETF 13.3 35 25 6.1 +3.8
ENFR Alerian Energy Infrastructure ETF 13.2 65 -5 3.8 +1.5
EINC VanEck Vectors Energy Income ETF 13.1 45 15 4.4 +2.1
WBIY WBI Power Factor High Dividend ETF 12.9 70 -10 8.4 +6.1
GNR SPDR S&P Global Natural Resources ETF 12.7 40 20 5.2 +2.9
MLPX Global X MLP & Energy Infrastructure ETF 12.5 45 15 3.1 +0.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 12.4 46 14 5.0 +2.8
FCTR First Trust Lunt U.S. Factor Rotation ETF 12.4 65 -5 1.2 -1.1
USAI Pacer American Energy Independence ETF 12.4 75 -15 3.3 +1.0
TPYP Tortoise North American Pipeline Fund 12.1 40 20 5.3 +3.1
HAP VanEck Vectors Natural Resources ETF 12.0 50 10 4.9 +2.6
MAGA Point Bridge GOP Stock Tracker ETF 11.8 72 -12 5.3 +3.1
SPHB Invesco S&P 500 High Beta ETF 11.8 25 35 5.9 +3.6
ALTL Pacer Lunt Large Cap Alternator ETF 11.8 60 0 5.5 +3.3
GBDV Global Beta Smart Income ETF 10.1 29 31 8.3 +6.0
VRAI Virtus Real Asset Income ETF 9.8 55 5 8.8 +6.5
JKI iShares Morningstar Mid-Cap Value ETF 8.7 30 30 7.6 +5.3
GRES IQ Global Resources ETF 8.6 78 -18 5.6 +3.4
SDOG ALPS Sector Dividend Dogs ETF 8.5 40 20 8.7 +6.4
SPYD SPDR S&P 500 High Dividend ETF 8.5 7 53 9.2 +6.9
SPVU Invesco S&P 500 Enhanced Value ETF 8.3 13 47 9.5 +7.2
VLU SPDR S&P 1500 Value Tilt ETF 8.2 12 48 6.2 +3.9
RDIV Invesco S&P Ultra Dividend Revenue ETF 8.0 39 21 8.7 +6.4
FOVL iShares Focused Value Factor ETF 7.7 25 35 7.7 +5.4
IUS Invesco Strategic US ETF 7.7 19 41 5.5 +3.2
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 7.7 75 -15 5.3 +3.1
ONEY SPDR Russell 1000 Yield Focus ETF 7.7 20 40 7.2 +4.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 7.7 25 35 5.8 +3.5
EQAL Invesco Russell 1000 Equal Weight ETF 7.6 20 40 5.0 +2.8
PEY Invesco High Yield Equity Dividend Achievers ETF 7.4 52 8 8.1 +5.8
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 7.3 30 30 8.1 +5.8
FDVV Fidelity Core Dividend ETF 7.3 29 31 6.1 +3.8
GLIF AGFiQ Global Infrastructure ETF 7.1 45 15 4.8 +2.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 7.1 25 35 5.7 +3.4
RPV Invesco S&P 500 Pure Value ETF 7.0 35 25 9.9 +7.6
GII SPDR S&P Global Infrastructure ETF 7.0 40 20 4.7 +2.4
IGF iShares Global Infrastructure ETF 7.0 46 14 4.7 +2.4
FCPI Fidelity Stocks for Inflation ETF 6.9 29 31 5.8 +3.5
SDY SPDR S&P Dividend ETF 6.9 35 25 6.4 +4.1
ESGS Columbia Sustainable U.S. Equity Income ETF 6.8 35 25 7.5 +5.2
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 6.8 47 13 5.2 +2.9
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 6.8 49 11 4.1 +1.8
DIV Global X SuperDividend US ETF 6.6 46 14 5.3 +3.0
AVUV Avantis U.S. Small Cap Value ETF 6.5 25 35 6.4 +4.1
VYM Vanguard High Dividend Yield Index ETF 6.5 6 54 6.6 +4.3
JDIV JPMorgan U.S. Dividend ETF 6.5 12 48 6.7 +4.5
EMLP First Trust North American Energy Infrastructure Fund 6.4 96 -36 4.9 +2.6
PRF Invesco FTSE RAFI US 1000 ETF 6.4 39 21 5.8 +3.5
RVRS Reverse Cap Weighted U.S. Large Cap ETF 6.4 29 31 6.1 +3.8
TPHD Timothy Plan High Dividend Stock ETF 6.3 52 8 5.6 +3.3
SCHD Schwab U.S. Dividend Equity ETF 6.3 6 54 7.1 +4.9
VOOV Vanguard S&P 500 Value ETF 6.2 10 50 6.6 +4.3
DVY iShares Select Dividend ETF 6.0 39 21 8.0 +5.7
SPDV AAM S&P 500 High Dividend Value ETF 5.9 29 31 8.4 +6.1
RWL Invesco S&P 500 Revenue ETF 5.8 39 21 6.3 +4.0
BLES Inspire Global Hope Large Cap ETF 5.7 52 8 5.6 +3.3
JMIN JPMorgan U.S. Minimum Volatility ETF 5.6 12 48 5.3 +3.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 5.6 19 41 5.4 +3.1
DIVB iShares U.S. Dividend & Buyback ETF 5.5 25 35 5.9 +3.6
FTA First Trust Large Cap Value AlphaDEX Fund 5.4 60 0 7.4 +5.1
SPYV SPDR Portfolio S&P 500 Value ETF 5.3 4 56 6.4 +4.1
IVE iShares S&P 500 Value ETF 5.3 18 42 6.3 +4.0
VFVA Vanguard U.S. Value Factor ETF 5.2 14 46 8.5 +6.2
JKL iShares Morningstar Small Cap Value ETF 5.2 30 30 7.6 +5.3
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 5.1 35 25 7.6 +5.3
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 5.1 35 25 7.7 +5.4
SYLD Cambria Shareholder Yield ETF 5.1 59 1 7.2 +4.9
CRAK VanEck Vectors Oil Refiners ETF 5.1 60 0 10.7 +8.4
IWX iShares Russell Top 200 Value ETF 5.1 20 40 6.0 +3.7
MGV Vanguard Mega Cap Value ETF 5.1 7 53 6.4 +4.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 5.1 24 36 5.5 +3.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 5.1 18 42 5.6 +3.3
IUSV iShares Core S&P U.S. Value ETF 5.0 4 56 6.4 +4.1
VTV Vanguard Value Index Fund 5.0 4 56 6.5 +4.2
VONV Vanguard Russell 1000 Value Index Fund 4.9 8 52 6.1 +3.9
RSP Invesco S&P 500 Equal Weight ETF 4.9 20 40 5.6 +3.3
HLAL Wahed FTSE USA Shariah ETF 4.8 50 10 3.9 +1.6
JKF iShares Morningstar Large Cap Value ETF 4.8 25 35 6.6 +4.3
IWD iShares Russell 1000 Value ETF 4.7 19 41 6.0 +3.7

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%.

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

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 2.9 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 2.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 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.