First Trust Nasdaq Oil & Gas ETF
ALTAR
Score™
2.3% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
-16.0x P/Sales
ratio
0.8x
P/BV
ratio
0.7x Div.
yield
3.8%


  • 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) $18
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 48
Wgt avg mkt cap (mns) $32,685
Large cap (>$10bn) 44.9%
Mid cap ($2-10bn) 30.5%
Small cap (<$2bn) 24.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EXXON MOBIL CORP 8.0 %
CHENIERE ENERGY INC 7.8 %
SOUTHWESTERN ENERGY CO 7.6 %
CABOT OIL & GAS CORP 7.6 %
CNX RESOURCES CORPORATION 6.5 %
RANGE RESOURCES CORP 4.8 %
MURPHY OIL CORP 4.6 %
EQT CORP 4.2 %
CONOCOPHILLIPS 4.0 %
CHEVRON CORP 4.0 %
Total 59.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.5 %
SWITZERLAND 0.6 %









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.
-33.8% -36.5% -- -- -14.5%

Market Correlations
versus... Beta R-squared
S&P500 1.97 68%
MSCI EAFE 2.06 65%
MSCI Emg. Mkts. 1.49 54%

Technical Indicators
Recent close $10.31
30d moving avg. $11.54
Annualized volatility 40.4%
Short interest (ETF) 1.6%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 16
Turnover 0.9%
Bid/Ask (% of price) 0.46%
ADV underlying (mns) $12,389

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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
(%)
PXI Invesco DWA Energy Momentum ETF 51.6 60 0 4.4 +2.1
FXN First Trust Energy AlphaDEX Fund 51.2 65 -5 -0.8 -3.1
XOP SPDR S&P Oil & Gas Exploration & Production ETF 50.6 35 25 3.8 +1.5
JHME John Hancock Multifactor Energy ETF 49.2 40 20 4.0 +1.7
VDE Vanguard Energy Index Fund 46.4 10 50 4.1 +1.8
RYE Invesco S&P 500 Equal Weight Energy ETF 45.9 40 20 3.9 +1.6
FENY Fidelity MSCI Energy Index ETF 45.8 8 52 4.5 +2.2
IYE iShares U.S. Energy ETF 45.1 42 18 4.2 +1.9
XLE Energy Select Sector SPDR Fund 41.8 13 47 4.7 +2.4
PXE Invesco Dynamic Energy Exploration & Production ETF 38.6 63 -3 1.1 -1.2
IEO iShares U.S. Oil & Gas Exploration & Production ETF 37.7 42 18 3.8 +1.5
IGE iShares North American Natural Resources ETF 36.9 46 14 4.3 +2.0
FCG First Trust Natural Gas ETF 33.2 60 0 4.2 +1.9
IXC iShares Global Energy ETF 31.2 46 14 6.1 +3.8
FRAK VanEck Vectors Unconventional Oil & Gas ETF 27.0 54 6 1.6 -0.7
FILL iShares MSCI Global Energy Producers ETF 25.1 39 21 6.6 +4.4
NANR SPDR S&P North American Natural Resources ETF 22.1 35 25 3.5 +1.2
PSCE Invesco S&P SmallCap Energy ETF 18.2 29 31 -2.4 -4.7
HDV iShares Core High Dividend ETF 16.0 8 52 6.8 +4.5
ENFR Alerian Energy Infrastructure ETF 15.3 65 -5 5.4 +3.2
YMLP VanEck Vectors High Income MLP ETF 14.7 45 15 5.6 +3.3
MLPX Global X MLP & Energy Infrastructure ETF 14.3 45 15 4.0 +1.7
GBDV Global Beta Smart Income ETF 13.9 29 31 9.0 +6.7
TPYP Tortoise North American Pipeline Fund 13.9 40 20 6.2 +3.9
PVAL Principal Contrarian Value Index ETF 13.8 29 31 10.4 +8.1
USAI Pacer American Energy Independence ETF 13.5 75 -15 2.9 +0.6
GUNR Flexshares Morningstar Global Upstream Natural Resources 11.9 46 14 5.9 +3.6
DJD Invesco Dow Jones Industrial Average Dividend ETF 11.9 7 53 6.9 +4.6
EQRR ProShares Equities for Rising Rates ETF 11.8 35 25 6.3 +4.0
HAP VanEck Vectors Natural Resources ETF 11.7 50 10 6.4 +4.1
GNR SPDR S&P Global Natural Resources ETF 11.7 40 20 6.7 +4.4
RDIV Invesco S&P Ultra Dividend Revenue ETF 11.0 39 21 11.3 +9.0
WBIY WBI Power Factor High Dividend ETF 10.7 70 -10 12.5 +10.2
CRAK VanEck Vectors Oil Refiners ETF 10.6 60 0 12.9 +10.6
PMOM Principal Sustainable Momentum Index ETF 10.2 29 31 9.3 +7.0
MAGA Point Bridge GOP Stock Tracker ETF 10.2 72 -12 6.6 +4.3
SPVU Invesco S&P 500 Enhanced Value ETF 9.5 13 47 11.6 +9.3
SPYD SPDR S&P 500 High Dividend ETF 9.5 7 53 10.5 +8.3
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 9.3 30 30 9.9 +7.6
SPHB Invesco S&P 500 High Beta ETF 9.0 25 35 9.7 +7.4
ALTL Pacer Lunt Large Cap Alternator ETF 9.0 60 0 9.3 +7.0
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 9.0 49 11 9.5 +7.2
EQAL Invesco Russell 1000 Equal Weight ETF 9.0 20 40 5.8 +3.5
DTN WisdomTree U.S. Dividend ex-Financials Fund 9.0 38 22 8.1 +5.8
VLU SPDR S&P 1500 Value Tilt ETF 8.8 12 48 7.5 +5.2
DHS WisdomTree U.S. High Dividend Fund 8.7 38 22 8.7 +6.4
RPV Invesco S&P 500 Pure Value ETF 8.7 35 25 11.4 +9.1
ONEY SPDR Russell 1000 Yield Focus ETF 8.2 20 40 9.5 +7.2
FOVL iShares Focused Value Factor ETF 7.9 25 35 10.7 +8.4
IUS Invesco Strategic US ETF 7.8 19 41 6.7 +4.4
GRES IQ Global Resources ETF 7.6 77 -17 7.6 +5.3
FDVV Fidelity Core Dividend ETF 7.5 29 31 7.2 +4.9
DEW WisdomTree Global High Dividend Fund 7.3 58 2 9.4 +7.1
QDIV Global X S&P 500 Quality Dividend ETF 7.3 20 40 7.7 +5.4
AVUV Avantis U.S. Small Cap Value ETF 7.3 25 35 9.6 +7.3
JKF iShares Morningstar Large Cap Value ETF 7.1 25 35 7.6 +5.3
FCTR First Trust Lunt U.S. Factor Rotation ETF 7.1 65 -5 3.4 +1.1
OUSA O'Shares FTSE US Quality Dividend ETF 7.0 48 12 5.7 +3.4
IGF iShares Global Infrastructure ETF 6.8 46 14 5.5 +3.2
GII SPDR S&P Global Infrastructure ETF 6.8 40 20 5.5 +3.3
BLES Inspire Global Hope Large Cap ETF 6.8 52 8 6.5 +4.2
DIV Global X SuperDividend US ETF 6.8 46 14 7.2 +5.0
PRF Invesco FTSE RAFI US 1000 ETF 6.8 39 21 6.9 +4.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 6.6 25 35 6.6 +4.3
USDY Pacific Global US Equity Income ETF 6.6 29 31 7.3 +5.0
JDIV JPMorgan U.S. Dividend ETF 6.6 12 48 8.0 +5.7
DVY iShares Select Dividend ETF 6.5 39 21 9.7 +7.4
EMLP First Trust North American Energy Infrastructure Fund 6.5 96 -36 5.9 +3.6
HLAL Wahed FTSE USA Shariah ETF 6.4 50 10 4.6 +2.3
SYLD Cambria Shareholder Yield ETF 6.4 59 1 9.1 +6.8
RWL Invesco S&P 500 Revenue ETF 6.3 39 21 7.3 +5.0
DLN WisdomTree U.S. LargeCap Dividend Fund 6.3 28 32 6.4 +4.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 6.3 25 35 6.6 +4.3
FCPI Fidelity Stocks for Inflation ETF 6.2 29 31 7.0 +4.7
REVS Columbia Research Enhanced Value ETF 6.2 19 41 7.8 +5.5
IEZ iShares U.S. Oil Equipment & Services ETF 6.1 42 18 0.8 -1.5
PXJ Invesco Dynamic Oil & Gas Services ETF 6.1 63 -3 -0.1 -2.4
XES SPDR S&P Oil & Gas Equipment & Services ETF 6.1 35 25 -2.3 -4.6
OIH VanEck Vectors Oil Services ETF 6.1 35 25 -3.7 -6.0
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 6.1 35 25 8.7 +6.4
EDOW First Trust Dow 30 Equal Weight ETF 6.1 50 10 6.0 +3.7
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 5.9 46 14 5.5 +3.2
DTD WisdomTree U.S.Total Dividend Fund 5.9 28 32 6.7 +4.4
VONV Vanguard Russell 1000 Value Index Fund 5.9 8 52 7.4 +5.1
VYM Vanguard High Dividend Yield Index ETF 5.9 6 54 7.4 +5.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 5.9 19 41 5.7 +3.4
SYV SPDR MFS Systematic Value Equity ETF 5.9 60 0 7.5 +5.2
RFV Invesco S&P Midcap 400 Pure Value ETF 5.8 35 25 10.8 +8.5
DURA VanEck Vectors Morningstar Durable Dividend ETF 5.8 29 31 7.3 +5.0
FTA First Trust Large Cap Value AlphaDEX Fund 5.7 60 0 9.4 +7.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 5.6 24 36 6.3 +4.0
MGV Vanguard Mega Cap Value ETF 5.6 7 53 7.3 +5.0
VOOV Vanguard S&P 500 Value ETF 5.6 15 45 7.4 +5.1
RVRS Reverse Cap Weighted U.S. Large Cap ETF 5.5 29 31 8.3 +6.1
IVE iShares S&P 500 Value ETF 5.5 18 42 7.3 +5.0
SPYV SPDR Portfolio S&P 500 Value ETF 5.5 4 56 7.5 +5.2
FMK First Trust Mega Cap AlphaDEX Fund 5.5 70 -10 5.2 +2.9
SCHD Schwab U.S. Dividend Equity ETF 5.5 6 54 8.3 +6.0
SCHV Schwab U.S. Large-Cap Value ETF 5.5 4 56 7.2 +4.9
IWX iShares Russell Top 200 Value ETF 5.3 20 40 7.2 +4.9

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 1.9 %
Divided by: Fwd. P/BV 0.7 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
1.62 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.