First Trust Nasdaq Bank ETF
ALTAR
Score™
15.0% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
6.8x P/Sales
ratio
1.8x
P/BV
ratio
0.6x Div.
yield
5.9%


  • 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) $58
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) $65,005
Large cap (>$10bn) 58.2%
Mid cap ($2-10bn) 40.7%
Small cap (<$2bn) 1.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JPMORGAN CHASE & CO 9.5 %
PNC FINANCIAL SERVICES GROUP 8.7 %
US BANCORP 8.0 %
CITIGROUP INC 7.8 %
WELLS FARGO & CO 7.3 %
BANK OF AMERICA CORP 4.4 %
HUNTINGTON BANCSHARES INC 3.8 %
ZIONS BANCORPORATION 3.7 %
FIRST HORIZON NATIONAL CORP 3.4 %
FIFTH THIRD BANCORP 3.4 %
Total 60.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.7 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-44.1% -33.9% -- -- -4.9%

Market Correlations
versus... Beta R-squared
S&P500 1.64 77%
MSCI EAFE 1.59 70%
MSCI Emg. Mkts. 1.22 61%

Technical Indicators
Recent close $14.80
30d moving avg. $19.27
Annualized volatility 28.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 31

Liquidity measures
Avg. volume (thou.) 108
Turnover 2.7%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $3,468

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Nasdaq Bank ETF 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™: 15.0%


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 ETF 69.1 35 25 14.1 -1.0
IAT iShares U.S. Regional Banks ETF 52.1 42 18 15.1 +0.1
KBE SPDR S&P Bank ETF 47.9 35 25 15.5 +0.5
KRE SPDR S&P Regional Banking ETF 44.7 35 25 15.6 +0.6
IYG iShares US Financial Services ETF 34.1 42 18 9.8 -5.3
XLF Financial Select Sector SPDR Fund 32.2 13 47 10.8 -4.2
VFH Vanguard Financials Index Fund 31.2 10 50 11.7 -3.3
FNCL Fidelity MSCI Financials Index ETF 30.7 8 52 11.7 -3.3
DFNL Davis Select Financial ETF 26.6 64 -4 11.2 -3.8
IEFN iShares Evolved U.S. Financials ETF 25.6 18 42 12.1 -2.9
JHMF John Hancock Multifactor Financials ETF 23.0 40 20 10.7 -4.3
RYF Invesco S&P 500 Equal Weight Financials ETF 22.8 40 20 11.9 -3.1
IYF iShares U.S. Financials ETF 22.0 42 18 9.3 -5.7
PKW Invesco Buyback Achievers ETF 18.9 62 -2 9.4 -5.6
IXG iShares Global Financials ETF 18.0 46 14 12.5 -2.6
KBWR Invesco KBW Regional Banking ETF 17.9 35 25 14.6 -0.4
FXO First Trust Financials AlphaDEX Fund 16.9 63 -3 13.9 -1.1
FOVL iShares Focused Value Factor ETF 16.1 25 35 14.1 -0.9
SPVU Invesco S&P 500 Enhanced Value ETF 15.7 13 47 15.9 +0.9
DUSA Davis Select U.S. Equity ETF 15.3 63 -3 7.8 -7.2
QVM Arrow QVM Equity Factor ETF 12.7 65 -5 14.5 -0.5
PWV Invesco Dynamic Large Cap Value ETF 12.5 55 5 10.6 -4.4
CLRG IQ Chaikin U.S. Large Cap ETF 12.4 25 35 11.5 -3.5
DIVB iShares U.S. Dividend & Buyback ETF 11.9 25 35 8.8 -6.2
DURA VanEck Vectors Morningstar Durable Dividend ETF 11.8 29 31 8.4 -6.6
EQRR ProShares Equities for Rising Rates ETF 11.6 35 25 11.7 -3.3
JKF iShares Morningstar Large Cap Value ETF 11.3 25 35 9.5 -5.5
RAFE PIMCO RAFI ESG U.S. ETF 11.0 29 31 10.3 -4.7
IWX iShares Russell Top 200 Value ETF 10.8 20 40 8.7 -6.3
DGRO iShares Core Dividend Growth ETF 10.8 8 52 8.4 -6.7
PY Principal Shareholder Yield Index ETF 10.6 29 31 12.6 -2.4
FMK First Trust Mega Cap AlphaDEX Fund 10.5 70 -10 7.0 -8.0
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 10.3 35 25 11.3 -3.7
SLT Salt TruBeta High Exposure ETF 10.1 29 31 12.3 -2.7
FDVV Fidelity Core Dividend ETF 10.0 29 31 9.7 -5.3
USDY Pacific Global US Equity Income ETF 9.1 29 31 10.5 -4.5
VONV Vanguard Russell 1000 Value Index Fund 8.9 8 52 9.3 -5.8
MGV Vanguard Mega Cap Value ETF 8.8 7 53 8.8 -6.2
SPYB SPDR S&P 500 Buyback ETF 8.8 35 25 11.6 -3.4
IWD iShares Russell 1000 Value ETF 8.6 19 41 9.1 -5.9
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 8.5 15 45 8.9 -6.1
VYM Vanguard High Dividend Yield Index ETF 8.4 6 54 8.9 -6.1
CVY Invesco Zacks Multi-Asset Income ETF 8.4 97 -37 18.3 +3.3
SCHV Schwab U.S. Large-Cap Value ETF 8.3 4 56 9.0 -6.1
VTV Vanguard Value Index Fund 8.3 4 56 9.1 -5.9
FDL First Trust Morningstar Dividend Leaders Index Fund 8.0 45 15 10.9 -4.1
RDVY First Trust Rising Dividend Achievers ETF 7.9 50 10 10.1 -4.9
VOOV Vanguard S&P 500 Value ETF 7.9 15 45 9.2 -5.9
SPYV SPDR Portfolio S&P 500 Value ETF 7.9 4 56 9.2 -5.8
IVE iShares S&P 500 Value ETF 7.8 18 42 9.1 -5.9
REVS Columbia Research Enhanced Value ETF 7.8 19 41 9.9 -5.2
TTFS AdvisorShares Wilshire Buyback ETF 7.8 91 -31 8.1 -6.9
EPS WisdomTree U.S. Earnings 500 Fund 7.8 8 52 8.5 -6.6
IUSV iShares Core S&P U.S. Value ETF 7.7 4 56 9.4 -5.6
RPV Invesco S&P 500 Pure Value ETF 7.6 35 25 17.6 +2.6
WBIY WBI Power Factor High Dividend ETF 7.3 70 -10 21.5 +6.5
KNOW Direxion All Cap Insider Sentiment Shares 7.2 59 1 7.2 -7.8
SDGA Impact Shares Sustainable Development Goals Global ETF 6.9 75 -15 6.9 -8.1
VLU SPDR S&P 1500 Value Tilt ETF 6.9 12 48 9.6 -5.4
FTA First Trust Large Cap Value AlphaDEX Fund 6.9 60 0 12.1 -2.9
QDYN FlexShares Quality Dividend Dynamic Index Fund 6.8 37 23 9.1 -5.9
FTHI First Trust High Income ETF 6.8 85 -25 7.6 -7.4
DLN WisdomTree U.S. LargeCap Dividend Fund 6.8 28 32 8.0 -7.0
CZA Invesco Zacks Mid-Cap ETF 6.7 76 -16 9.4 -5.6
DTD WisdomTree U.S.Total Dividend Fund 6.7 28 32 8.5 -6.5
AUSF Global X Adaptive U.S. Factor ETF 6.6 27 33 10.5 -4.5
SYV SPDR MFS Systematic Value Equity ETF 6.5 60 0 9.8 -5.2
PRF Invesco FTSE RAFI US 1000 ETF 6.5 39 21 9.2 -5.8
QDF FlexShares Quality Dividend Index Fund 6.5 37 23 8.8 -6.2
VETS Pacer Military Times Best Employers ETF 6.3 60 0 8.5 -6.5
MAGA Point Bridge GOP Stock Tracker ETF 6.3 72 -12 9.4 -5.6
NACP Impact Shares NAACP Minority Empowerment ETF 6.2 75 -15 6.2 -8.8
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 6.2 30 30 11.9 -3.1
FDRR Fidelity Dividend ETF for Rising Rates 6.1 29 31 9.6 -5.4
HOMZ Hoya Capital Housing ETF 6.1 45 15 11.2 -3.8
JKI iShares Morningstar Mid-Cap Value ETF 6.1 30 30 13.5 -1.5
QDEF FlexShares Quality Dividend Defensive Index Fund 6.1 37 23 7.9 -7.1
SHE SPDR SSGA Gender Diversity Index ETF 6.0 20 40 7.4 -7.6
SPYD SPDR S&P 500 High Dividend ETF 6.0 7 53 14.3 -0.7
QSY WisdomTree U.S. LargeCap Value Fund 5.8 38 22 9.6 -5.4
FTLB First Trust Hedged BuyWrite Income ETF 5.8 85 -25 7.5 -7.5
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 5.8 60 0 12.8 -2.2
JVAL JPMorgan U.S. Value Factor ETF 5.7 12 48 11.9 -3.1
KBWD Invesco KBW High Dividend Yield Financial ETF 5.7 158 -98 24.0 +9.0
XLG Invesco S&P 500 Top 50 ETF 5.7 20 40 5.9 -9.1
SPXT ProShares S&P 500 Ex-Technology ETF 5.5 27 33 7.3 -7.7
SYLD Cambria Shareholder Yield ETF 5.4 59 1 15.3 +0.3
EXT WisdomTree U.S. Total Earnings Fund 5.4 28 32 7.7 -7.4
VLUE iShares Edge MSCI USA Value Factor ETF 5.3 15 45 14.4 -0.6
ESGS Columbia Sustainable U.S. Equity Income ETF 5.3 35 25 12.1 -2.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 5.1 20 40 6.6 -8.4
OEF iShares S&P 100 ETF 5.0 20 40 6.3 -8.7
GVIP Goldman Sachs Hedge Industry VIP ETF 5.0 45 15 6.7 -8.3
VFVA Vanguard U.S. Value Factor ETF 5.0 13 47 16.5 +1.5
IJJ iShares S&P Mid-Cap 400 Value ETF 5.0 25 35 12.0 -3.1
MDYV SPDR S&P 400 Mid Cap Value ETF 5.0 15 45 12.1 -3.0
SPGP Invesco S&P 500 GARP ETF 4.9 35 25 10.7 -4.3
YLDE ClearBridge Dividend Strategy ESG ETF 4.9 60 0 6.2 -8.9
FAB First Trust Multi Cap Value AlphaDEX Fund 4.9 71 -11 13.3 -1.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 4.9 15 45 12.2 -2.8

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

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.8 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 15.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.51
 
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.