First Trust Health Care AlphaDEX Fund
ALTAR
Score™
5.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
24.3x P/Sales
ratio
2.1x
P/BV
ratio
3.8x Div.
yield
0.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust Health Care AlphaDEX Fund seeks investment results that correspond to the StrataQuant Health Care AlphaDEX Index.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date May 08, 2007
Assets (mns) $1,409
Currency USD
Expense ratio 62 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Tiered
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 86
Wgt avg mkt cap (mns) $39,323
Large cap (>$10bn) 71.8%
Mid cap ($2-10bn) 24.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TELADOC INC 2.9 %
UNITED THERAPEUTICS CORP 2.4 %
CIGNA CORP 2.3 %
10X GENOMICS INC CLASS A 2.3 %
MODERNA, INC. 2.3 %
UNIVERSAL HEALTH SERVICES-B 2.3 %
AVANTOR, INC. 2.2 %
MYLAN N.V. 2.1 %
NOVOCURE LIMITED 2.1 %
GUARDANT HEALTH, INC. 2.0 %
Total 22.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 91.0 %
IRELAND 4.8 %
BRITAIN 4.2 %








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.
21.7% 23.4% 11.3% 15.6% 13.1%

Market Correlations
versus... Beta R-squared
S&P500 0.85 69%
MSCI EAFE 0.71 47%
MSCI Emg. Mkts. 0.60 43%

Technical Indicators
Recent close $102.84
30d moving avg. $100.35
Annualized volatility 19.2%
Short interest (ETF) 0.7%
Short interest (Underlying) 4.6%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 69
Turnover 0.5%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $25,897

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the First Trust Health Care AlphaDEX Fund ETF based on the alternatives' overlap in portfolio holdings with FXH. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FXH Expense: 62 bp ALTAR Score™: 5.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FXH
Ticker Fund
Name
Overlap1
vs FXH
(%)
Expense
ratio
(bp)
Savings
vs FXH
(bp)
ALTAR
Score™
(%)
ALTAR
vs FXH
(%)
RYH Invesco S&P 500 Equal Weight Health Care ETF 49.5 40 22 6.8 +1.8
JHMH John Hancock Multifactor Healthcare ETF 48.9 40 22 6.2 +1.2
IYH iShares U.S. Healthcare ETF 38.6 43 19 6.3 +1.3
FHLC Fidelity MSCI Health Care Index ETF 37.3 8 54 5.6 +0.6
VHT Vanguard Health Care Index Fund 36.5 10 52 5.4 +0.4
IEHS iShares Evolved U.S. Healthcare Staples ETF 35.2 18 44 5.4 +0.4
XLV Health Care Select Sector SPDR Fund 32.7 13 49 7.3 +2.3
HTEC ROBO Global Healthcare Technology & Innovation ETF 27.1 68 -6 0.4 -4.6
IXJ iShares Global Healthcare ETF 26.5 46 16 6.5 +1.4
XHS SPDR S&P Health Care Services ETF 25.5 35 27 3.9 -1.1
IHF iShares U.S. Healthcare Providers ETF 25.1 42 20 7.1 +2.0
BMED BlackRock Future Health ETF 23.1 85 -23 -0.8 -5.8
XHE SPDR S&P Health Care Equipment ETF 22.4 35 27 1.7 -3.3
HELX Franklin Genomic Advancements ETF 21.4 50 12 -1.0 -6.0
IEIH iShares Evolved U.S. Innovative Healthcare ETF 21.3 18 44 3.6 -1.4
FTC First Trust Large Cap Growth AlphaDEX Fund 20.1 61 1 2.5 -2.6
IHI iShares U.S. Medical Devices ETF 19.8 42 20 3.3 -1.7
LNGR Global X Longevity Thematic ETF 19.5 50 12 3.2 -1.9
PTH Invesco DWA Healthcare Momentum ETF 18.2 60 2 -2.6 -7.6
RBUS Nationwide Risk-Based U.S. Equity ETF 16.8 30 32 4.8 -0.2
BTEC Principal Healthcare Innovators Index ETF 16.8 42 20 -2.8 -7.8
MXDU Nationwide Maximum Diversification US Core Equity ETF 16.7 34 28 4.5 -0.5
IBB iShares NASDAQ Biotechnology ETF 16.6 46 16 0.3 -4.7
IWP iShares Russell Mid-Cap Growth ETF 16.2 24 38 2.9 -2.1
JKH iShares Morningstar Mid-Cap Growth ETF 16.0 30 32 1.9 -3.1
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 15.4 25 37 6.1 +1.1
PJP Invesco Dynamic Pharmaceuticals ETF 15.3 56 6 13.4 +8.4
BBH VanEck Vectors Biotech ETF 14.8 35 27 4.4 -0.6
JMIN JPMorgan U.S. Minimum Volatility ETF 14.2 12 50 5.4 +0.4
FBT First Trust NYSE Arca Biotechnology Index Fund 13.6 55 7 -1.5 -6.5
XT iShares Exponential Technologies ETF 13.5 47 15 4.7 -0.3
VOT Vanguard Mid-Cap Growth Index Fund 12.8 7 55 2.9 -2.2
SPXT ProShares S&P 500 Ex-Technology ETF 12.8 27 35 5.2 +0.2
GERM ETFMG Treatments Testing and Advancements ETF 12.6 68 -6 -3.0 -8.0
TPLC Timothy Plan US Large Cap Core ETF 12.6 52 10 4.8 -0.3
EDOC Global X Telemedicine & Digital Health ETF 12.6 68 -6 1.3 -3.8
QVAL Alpha Architect U.S. Quantitative Value ETF 12.6 49 13 10.6 +5.6
MTUM iShares MSCI USA Momentum Factor ETF 12.4 15 47 3.0 -2.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 12.4 75 -13 2.7 -2.4
SPLV Invesco S&P 500 Low Volatility ETF 12.3 25 37 5.7 +0.7
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 12.3 25 37 7.2 +2.2
VALQ American Century STOXX U.S. Quality Value ETF 12.3 29 33 8.5 +3.4
ESGV Vanguard ESG U.S. Stock ETF 12.3 12 50 4.7 -0.3
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 12.3 35 27 5.3 +0.3
CFA VictoryShares US 500 Volatility Weighted Index ETF 12.2 35 27 5.3 +0.3
ROUS Hartford Multifactor US Equity ETF 12.2 19 43 6.2 +1.2
FEX First Trust Large Cap Core AlphaDEX Fund 12.2 60 2 5.1 +0.0
LRGF iShares Edge MSCI Multifactor USA ETF 12.2 20 42 6.9 +1.9
HLAL Wahed FTSE USA Shariah ETF 12.1 50 12 4.2 -0.9
PSET Principal Price Setters Index ETF 12.0 15 47 4.7 -0.3
VOOV Vanguard S&P 500 Value ETF 12.0 10 52 6.8 +1.8
XPH SPDR S&P Pharmaceuticals ETF 12.0 35 27 4.5 -0.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 11.9 66 -4 2.1 -2.9
JKD iShares Morningstar Large-Cap ETF 11.9 20 42 5.4 +0.4
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 11.9 35 27 5.2 +0.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 11.8 24 38 5.7 +0.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 11.8 18 44 5.8 +0.8
SPYV SPDR Portfolio S&P 500 Value ETF 11.7 4 58 6.8 +1.8
IVE iShares S&P 500 Value ETF 11.7 18 44 6.7 +1.7
DEF Invesco Defensive Equity ETF 11.7 55 7 5.1 +0.1
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 11.5 20 42 7.2 +2.2
IUSV iShares Core S&P U.S. Value ETF 11.5 4 58 6.9 +1.9
XBI SPDR S&P BIOTECH ETF 11.5 35 27 -2.6 -7.6
IHE iShares U.S. Pharmaceuticals ETF 11.4 42 20 7.3 +2.3
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 11.4 60 2 3.5 -1.5
JMOM JPMorgan U.S. Momentum Factor ETF 11.3 12 50 3.3 -1.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 11.3 60 2 3.8 -1.2
FTLB First Trust Hedged BuyWrite Income ETF 11.3 85 -23 7.0 +2.0
SPXN ProShares S&P 500 Ex-Financials ETF 11.3 27 35 4.7 -0.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 11.2 30 32 5.5 +0.5
ONEO SPDR Russell 1000 Momentum Focus ETF 11.2 20 42 6.0 +1.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 11.1 9 53 5.0 +0.0
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 11.1 60 2 3.6 -1.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 11.1 17 45 6.4 +1.4
FTHI First Trust High Income ETF 11.1 85 -23 7.0 +1.9
XMMO Invesco S&P MidCap Momentum ETF 11.0 34 28 4.0 -1.0
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 11.0 17 45 6.1 +1.1
QGRO American Century STOXX U.S. Quality Growth ETF 10.9 29 33 3.2 -1.8
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 10.9 75 -13 1.9 -3.2
AFLG First Trust Active Factor Large Cap ETF 10.8 55 7 5.0 -0.0
PWB Invesco Dynamic Large Cap Growth ETF 10.7 56 6 3.3 -1.7
AIEQ AI Powered Equity ETF 10.7 87 -25 3.1 -2.0
FCPI Fidelity Stocks for Inflation ETF 10.6 29 33 6.2 +1.1
ANEW ProShares MSCI Transformational Changes ETF 10.6 45 17 2.7 -2.4
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 10.5 49 13 4.8 -0.3
JHML John Hancock Multifactor Large Cap ETF 10.5 29 33 5.1 +0.1
PBP Invesco S&P 500 BuyWrite ETF 10.4 49 13 4.6 -0.4
PEXL Pacer US Export Leaders ETF 10.4 60 2 5.5 +0.5
HSPX Global X S&P 500 Covered Call ETF 10.4 60 2 4.5 -0.5
FDMO Fidelity Momentum Factor ETF 10.4 29 33 2.7 -2.4
SFY SoFi Select 500 ETF 10.3 0 62 4.8 -0.2
SPXE ProShares S&P 500 Ex-Energy ETF 10.3 27 35 4.9 -0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 10.3 20 42 5.0 -0.1
IPO Renaissance IPO ETF 10.2 60 2 1.2 -3.8
IWB iShares Russell 1000 ETF 10.2 15 47 4.7 -0.3
SCHX Schwab U.S. Large-Cap ETF 10.2 3 59 4.8 -0.2
QQQJ Invesco NASDAQ Next Gen 100 ETF 10.2 15 47 3.1 -1.9
PBUS Invesco PureBeta MSCI USA ETF 10.2 4 58 4.9 -0.2
JHMM John Hancock Multifactor Mid Cap ETF 10.2 42 20 5.1 +0.1

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 Health Care AlphaDEX Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 18.4 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 62 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.41 CATEGORY
AVERAGE
1.50
 
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.