First Trust Nasdaq Oil & Gas
ALTAR
Score™
4.0% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
18.3x P/Sales
ratio
0.7x
P/BV
ratio
1.2x 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) $6
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 49
Wgt avg mkt cap (mns) $51,156
Large cap (>$10bn) 67.4%
Mid cap ($2-10bn) 24.6%
Small cap (<$2bn) 8.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
KINDER MORGAN INC 8.3 %
OGE ENERGY CORP 8.3 %
CHEVRON CORP 7.6 %
VALERO ENERGY CORP 7.3 %
PHILLIPS 66 6.9 %
DEVON ENERGY CORPORATION 4.5 %
MURPHY OIL CORP 4.2 %
CHENIERE ENERGY INC 4.2 %
ONEOK INC 4.2 %
CONOCOPHILLIPS 4.2 %
Total 59.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.9 %
BERMUDA 0.3 %
SWITZERLAND 0.3 %








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.
3.2% 3.2% -- -- -5.2%

Market Correlations
versus... Beta R-squared
S&P500 1.34 43%
MSCI EAFE 1.40 39%
MSCI Emg. Mkts. 0.77 21%

Technical Indicators
Recent close $16.10
30d moving avg. $16.26
Annualized volatility 24.7%
Short interest (ETF) 0.3%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.6%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $8,035

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 18 potential alternatives to the First Trust Nasdaq Oil & Gas 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™: 4.0%


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
(%)
JHME John Hancock Multifactor Energy 54.1 40 20 3.1 -1.0
RYE Invesco S&P Equal Weight Energy ETF 48.2 40 20 3.2 -0.9
IYE iShares DJ US Energy Sector 47.2 42 18 3.8 -0.2
VDE Vanguard Energy 46.8 10 50 3.8 -0.3
FENY Fidelity MSCI Energy 46.3 8 52 3.8 -0.2
XLE Energy Select Sector SPDR 46.3 13 47 4.2 +0.2
FXN First Trust Energy Alphadex 42.2 63 -3 3.9 -0.1
IEO iShares U.S. Oil & Gas Exploration & Production 42.0 42 18 2.8 -1.2
PXI Invesco Dynamic Energy Sector 40.7 60 0 0.4 -3.7
IGE iShares North American Natural Resources 39.8 46 14 3.8 -0.2
XOP SPDR S&P Oil & Gas Exploration & Production 36.4 35 25 2.9 -1.1
IXC iShares Global Energy 31.6 46 14 4.9 +0.9
PXE Invesco Dynamic Energy Exploration & Production 30.8 63 -3 2.8 -1.2
FILL iShares MSCI Global Energy Producers 24.3 39 21 5.5 +1.5
CRAK VanEck Vectors Oil Refiners 23.6 60 0 13.5 +9.5
MLPX Global X MLP & Energy Infrastructure 21.0 45 15 3.6 -0.4
TPYP Tortoise North American Pipeline 20.1 40 20 4.4 +0.4
NANR SPDR S&P N. American Nat. Resources 20.0 35 25 3.8 -0.2

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
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
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 5.2 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 4.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.55
 
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.