First Trust Nasdaq Bank
ALTAR
Score™
7.7% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
11.5x P/Sales
ratio
3.4x
P/BV
ratio
1.3x Div.
yield
3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust Nasdaq Bank ETF tracks an index composed of 30 U.S. banking 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) $139
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) $113,495
Large cap (>$10bn) 73.2%
Mid cap ($2-10bn) 26.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JPMORGAN CHASE & CO 8.4 %
WELLS FARGO & CO 8.2 %
CITIGROUP INC 8.2 %
US BANCORP 8.0 %
FIRST HORIZON NATIONAL CORP 7.1 %
BANK OF AMERICA CORP 4.2 %
PNC FINANCIAL SERVICES GROUP 4.2 %
KEYCORP 4.1 %
BB&T CORP 4.0 %
CITIZENS FINANCIAL GROUP, INC. 4.0 %
Total 60.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.9 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
25.6% 6.0% -- -- 12.5%

Market Correlations
versus... Beta R-squared
S&P500 1.41 66%
MSCI EAFE 1.28 45%
MSCI Emg. Mkts. 0.87 34%

Technical Indicators
Recent close $27.32
30d moving avg. $27.13
Annualized volatility 21.0%
Short interest (ETF) 0.4%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 39
Turnover 0.8%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $7,209

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust Nasdaq Bank ETF based on the alternatives' overlap in portfolio holdings with FTXO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FTXO Expense: 60 bp ALTAR Score™: 7.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FTXO
Ticker Fund
Name
Overlap1
vs FTXO
(%)
Expense
ratio
(bp)
Savings
vs FTXO
(bp)
ALTAR
Score™
(%)
ALTAR
vs FTXO
(%)
KBWB Invesco KBW Bank Portfolio 72.1 35 25 7.6 -0.1
IAT iShares DJ US Regional Banks 51.0 42 18 7.4 -0.3
KBE KBW Bank ETF 46.5 35 25 8.2 +0.5
KRE SPDR KBW Regional Banking 44.2 35 25 8.1 +0.5
IYG iShares DJ US Financial Services 37.1 42 18 6.4 -1.3
XLF Financials Select Sector SPDR 34.6 13 47 7.0 -0.7
VFH Vanguard Financials 32.9 10 50 7.3 -0.3
FNCL Fidelity MSCI Financials 32.8 8 52 7.3 -0.3
RWW Invesco S&P Financials Revenue 32.5 45 15 7.3 -0.3
IEFN iShares Evolved U.S. Financials 29.5 18 42 7.3 -0.3
JHMF John Hancock Multifactor Financials 27.8 40 20 6.6 -1.1
DFNL Davis Select Financial 27.6 64 -4 6.7 -1.0
RYF Invesco S&P Equal Weight Financials 27.4 40 20 7.4 -0.3
IYF iShares DJ US Financials 25.7 42 18 6.1 -1.6
IXG iShares S&P Global Financial Sector 20.7 46 14 8.3 +0.6
SPVU Invesco S&P 500 Value 18.4 13 47 11.0 +3.3
FXO First Trust Financial Alphadex 16.7 63 -3 7.9 +0.2
KBWR Invesco KBW Regional Bank 16.3 35 25 8.6 +0.9
CLRG IQ Chaikin U.S. Large Cap 16.3 25 35 8.1 +0.4
DUSA Davis Select U.S. Equity 15.0 63 -3 5.0 -2.7

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%.

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

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.8 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 7.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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