First Trust Nasdaq Oil & Gas
ALTAR
Score™
2.7% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
21.3x P/Sales
ratio
0.9x
P/BV
ratio
1.2x Div.
yield
3.6%


  • 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) $5
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) $56,482
Large cap (>$10bn) 67.5%
Mid cap ($2-10bn) 26.9%
Small cap (<$2bn) 5.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CHEVRON CORP 7.6 %
OGE ENERGY CORP 7.5 %
EXXON MOBIL CORP 7.5 %
KINDER MORGAN INC 7.5 %
ONEOK INC 7.4 %
VALERO ENERGY CORP 5.0 %
PHILLIPS 66 4.4 %
HOLLYFRONTIER CORP 4.4 %
MARATHON PETROLEUM 4.2 %
CONOCOPHILLIPS 4.1 %
Total 59.6 %

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 October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.6% -24.6% -- -- -7.2%

Market Correlations
versus... Beta R-squared
S&P500 1.37 44%
MSCI EAFE 1.26 32%
MSCI Emg. Mkts. 0.64 14%

Technical Indicators
Recent close $15.85
30d moving avg. $15.83
Annualized volatility 24.9%
Short interest (ETF) 0.6%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 11
Turnover 3.7%
Bid/Ask (% of price) 0.50%
ADV underlying (mns) $6,915

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 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™: 2.7%


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 63.7 40 20 3.4 +0.8
RYE Invesco S&P Equal Weight Energy ETF 56.0 40 20 3.6 +0.9
IYE iShares DJ US Energy Sector 53.7 42 18 4.1 +1.4
XLE Energy Select Sector SPDR 53.0 13 47 4.5 +1.8
FENY Fidelity MSCI Energy 52.8 8 52 4.1 +1.4
VDE Vanguard Energy ETF 52.6 10 50 3.9 +1.3
XLEY Cushing Energy & MLP 46.7 65 -5 3.7 +1.1
PXI Invesco Dynamic Energy Sector 46.6 60 0 -0.7 -3.3
IGE iShares North American Natural Resources 46.3 46 14 4.1 +1.4
FXN First Trust Energy Alphadex 43.4 63 -3 4.6 +1.9
IEO iShares U.S. Oil & Gas Exploration & Production 39.0 42 18 3.3 +0.6
XOP SPDR S&P Oil & Gas Exploration 38.3 35 25 3.6 +1.0
IXC iShares S&P Global Energy Sector 36.0 46 14 5.2 +2.5
PXE Invesco Dynamic Energy Exploration & Production 33.1 63 -3 1.2 -1.4
FILL iShares MSCI Global Energy Producers 29.6 39 21 5.6 +3.0
XLSY Cushing Energy Supply Chain & MLP 26.4 65 -5 5.6 +2.9
NANR SPDR S&P N. American Nat. Resources 26.1 35 25 4.2 +1.5
FRAK VanEck Vectors Unconventional Oil & Gas 25.0 54 6 1.7 -0.9
TPYP Tortoise North American Pipeline 22.5 40 20 4.8 +2.1
MLPX Global X MLP & Energy Infrastructure 22.5 45 15 4.3 +1.6

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:

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 3.7 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 2.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 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.