First Trust Health Care AlphaDEX Fund
ALTAR
Score™
4.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
26.1x P/Sales
ratio
2.2x
P/BV
ratio
3.8x Div.
yield
0.6%


  • 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 10, 2007
Assets (mns) $1,866
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 75
Wgt avg mkt cap (mns) $45,335
Large cap (>$10bn) 73.4%
Mid cap ($2-10bn) 26.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DEXCOM INC 2.9 %
SEATTLE GENETICS INC 2.6 %
BIO-RAD LABORATORIES-CL A 2.6 %
ALNYLAM PHARMACEUTICALS INC 2.5 %
HUMANA INC 2.5 %
HORIZON PHARMA PLC 2.4 %
VERTEX PHARMACEUTICALS INC 2.3 %
REGENERON PHARMACEUTICALS 2.3 %
UNITEDHEALTH GROUP INC 2.3 %
ENCOMPASS HEALTH CORPORATION 2.2 %
Total 24.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.9 %
IRELAND 5.7 %
BRITAIN 0.8 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
0.2% 14.3% 5.4% 13.6% 12.0%

Market Correlations
versus... Beta R-squared
S&P500 0.93 74%
MSCI EAFE 0.81 49%
MSCI Emg. Mkts. 0.62 44%

Technical Indicators
Recent close $89.09
30d moving avg. $85.66
Annualized volatility 18.2%
Short interest (ETF) 1.6%
Short interest (Underlying) 4.6%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 231
Turnover 1.1%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $24,994

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™: 4.4%


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
(%)
JHMH John Hancock Multifactor Healthcare ETF 52.6 40 22 6.0 +1.6
RYH Invesco S&P 500 Equal Weight Health Care ETF 48.5 40 22 6.5 +2.1
IYH iShares U.S. Healthcare ETF 42.7 43 19 6.1 +1.7
FHLC Fidelity MSCI Health Care Index ETF 41.2 8 54 5.6 +1.2
VHT Vanguard Health Care Index Fund 41.1 10 52 5.5 +1.0
XLV Health Care Select Sector SPDR Fund 38.8 13 49 7.0 +2.6
IEHS iShares Evolved U.S. Healthcare Staples ETF 33.9 18 44 5.6 +1.2
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 33.1 60 2 6.3 +1.9
IXJ iShares Global Healthcare ETF 32.3 46 16 6.3 +1.9
IEIH iShares Evolved U.S. Innovative Healthcare ETF 32.2 18 44 3.9 -0.5
IBB iShares NASDAQ Biotechnology ETF 28.2 47 15 0.4 -4.0
BBH VanEck Vectors Biotech ETF 26.6 35 27 3.8 -0.6
FBT First Trust NYSE Arca Biotechnology Index Fund 26.5 57 5 -1.0 -5.4
XHS SPDR S&P Health Care Services ETF 25.1 35 27 5.4 +1.0
PTH Invesco DWA Healthcare Momentum ETF 24.9 60 2 -2.4 -6.8
XHE SPDR S&P Health Care Equipment ETF 24.4 35 27 1.9 -2.5
HTEC ROBO Global Healthcare Technology & Innovation ETF 24.3 68 -6 0.6 -3.9
XBI SPDR S&P BIOTECH ETF 23.8 35 27 -3.9 -8.3
LNGR Global X Longevity Thematic ETF 22.9 50 12 3.2 -1.2
GDNA Goldman Sachs Motif Human Evolution ETF 22.1 50 12 0.3 -4.1
IHF iShares U.S. Healthcare Providers ETF 22.1 43 19 7.2 +2.8
IHI iShares U.S. Medical Devices ETF 21.1 43 19 3.5 -0.9
RBUS Nationwide Risk-Based U.S. Equity ETF 20.5 30 32 5.2 +0.8
PJP Invesco Dynamic Pharmaceuticals ETF 20.1 56 6 11.0 +6.6
MTUM iShares Edge MSCI USA Momentum Factor ETF 19.6 15 47 4.8 +0.4
SPLV Invesco S&P 500 Low Volatility ETF 18.5 25 37 5.8 +1.4
FTCS First Trust Capital Strength ETF 17.9 60 2 5.0 +0.6
AIEQ AI Powered Equity ETF 17.6 87 -25 3.6 -0.8
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 17.5 60 2 3.9 -0.6
JKH iShares Morningstar Mid-Cap Growth ETF 17.3 30 32 2.6 -1.8
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 17.1 25 37 6.1 +1.6
XT iShares Exponential Technologies ETF 16.9 47 15 5.5 +1.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 16.8 60 2 4.6 +0.2
FTC First Trust Large Cap Growth AlphaDEX Fund 16.7 61 1 3.1 -1.3
SPXT ProShares S&P 500 Ex-Technology ETF 16.3 27 35 5.8 +1.4
FVL First Trust Value Line 100 Exchange-Traded Fund 16.1 70 -8 4.1 -0.3
MXDU Nationwide Maximum Diversification US Core Equity ETF 16.0 34 28 5.4 +1.0
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 15.4 17 45 7.1 +2.6
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 15.0 75 -13 2.2 -2.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 15.0 12 50 5.2 +0.8
SPYV SPDR Portfolio S&P 500 Value ETF 14.8 4 58 7.4 +3.0
IVE iShares S&P 500 Value ETF 14.8 18 44 7.3 +2.9
VOOV Vanguard S&P 500 Value ETF 14.6 15 47 7.3 +2.9
IUSV iShares Core S&P U.S. Value ETF 14.4 4 58 7.5 +3.1
TTAC TrimTabs Float Shrink ETF 14.3 59 3 3.7 -0.7
FCPI Fidelity Stocks for Inflation ETF 14.3 29 33 7.0 +2.6
MGV Vanguard Mega Cap Value ETF 14.3 7 55 7.2 +2.8
SPXN ProShares S&P 500 Ex-Financials ETF 14.1 27 35 5.2 +0.8
VTV Vanguard Value Index Fund 14.1 4 58 7.4 +3.0
PWB Invesco Dynamic Large Cap Growth ETF 14.1 55 7 3.6 -0.9
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 13.9 49 13 5.7 +1.3
LEAD Reality Shares DIVCON Leaders Dividend ETF 13.8 43 19 4.4 +0.0
JMIN JPMorgan U.S. Minimum Volatility ETF 13.7 12 50 6.0 +1.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 13.7 49 13 4.3 -0.2
FTXH First Trust Nasdaq Pharmaceuticals ETF 13.7 60 2 7.1 +2.7
DEF Invesco Defensive Equity ETF 13.6 55 7 5.2 +0.8
DSTL Distillate US Fundamental Stability & Value ETF 13.6 39 23 6.6 +2.2
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 13.6 99 -37 2.2 -2.2
ROUS Hartford Multifactor US Equity ETF 13.5 19 43 7.3 +2.9
CACG ClearBridge All Cap Growth ETF 13.5 54 8 4.6 +0.2
SFY SoFi Select 500 ETF 13.3 0 62 5.5 +1.1
RNLC Large Cap US Equity Select ETF 13.3 60 2 6.4 +2.0
QGRO American Century STOXX U.S. Quality Growth ETF 13.3 29 33 3.2 -1.2
PBP Invesco S&P 500 BuyWrite ETF 13.2 49 13 5.3 +0.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 13.2 9 53 5.7 +1.3
VONG Vanguard Russell 1000 Growth Index Fund 13.1 8 54 4.5 +0.1
IWF iShares Russell 1000 Growth ETF 13.1 19 43 4.4 -0.0
FMK First Trust Mega Cap AlphaDEX Fund 13.1 70 -8 5.4 +1.0
IWL iShares Russell Top 200 ETF 13.1 15 47 5.3 +0.9
VFMO Vanguard U.S. Momentum Factor ETF 13.0 13 49 2.2 -2.3
HSPX Global X S&P 500 Covered Call ETF 13.0 65 -3 5.2 +0.7
SPXE ProShares S&P 500 Ex-Energy ETF 13.0 27 35 5.5 +1.1
ESGV Vanguard ESG U.S. Stock ETF 13.0 12 50 5.4 +1.0
PSET Principal Price Setters Index ETF 12.8 29 33 4.8 +0.4
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 12.8 60 2 4.3 -0.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 12.8 35 27 4.6 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 12.7 20 42 5.6 +1.2
MGC Vanguard Mega Cap Index Fund 12.6 7 55 5.4 +1.0
BTEC Principal Healthcare Innovators Index ETF 12.6 42 20 -2.6 -7.1
NUMG Nuveen ESG Mid-Cap Growth ETF 12.6 40 22 3.3 -1.2
SPLG SPDR Portfolio Large Cap ETF 12.6 3 59 5.6 +1.2
SPY SPDR S&P 500 ETF Trust 12.6 9 53 5.6 +1.1
IVV iShares Core S&P 500 ETF 12.6 4 58 5.6 +1.2
IWY iShares Russell Top 200 Growth ETF 12.5 20 42 4.4 -0.0
EXT WisdomTree U.S. Total Earnings Fund 12.5 28 34 5.9 +1.5
PBUS Invesco PureBeta MSCI USA ETF 12.5 4 58 5.6 +1.2
SCHX Schwab U.S. Large-Cap ETF 12.5 3 59 5.5 +1.1
IWB iShares Russell 1000 ETF 12.4 15 47 5.4 +1.0
FDMO Fidelity Momentum Factor ETF 12.4 29 33 4.0 -0.4
IWP iShares Russell Mid-Cap Growth ETF 12.4 24 38 4.4 -0.0
PBE Invesco Dynamic Biotechnology & Genome ETF 12.4 57 5 -1.0 -5.4
AFLG First Trust Active Factor Large Cap ETF 12.4 55 7 6.0 +1.6
VV Vanguard Large-Cap Index Fund 12.3 4 58 5.5 +1.1
USMF WisdomTree U.S. Multifactor Fund 12.3 28 34 6.3 +1.9
SNPE Xtrackers S&P 500 ESG ETF 12.3 11 51 5.3 +0.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 12.3 2 60 5.6 +1.2
VOO VANGUARD S&P 500 ETF 12.3 3 59 5.6 +1.2
SCHK Schwab 1000 Index ETF 12.3 5 57 5.5 +1.1
HUSV First Trust Horizon Managed Volatility Domestic ETF 12.3 70 -8 5.5 +1.1

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:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.9 %
Divided by: Fwd. P/BV 3.6 x
Less: Expense ratio 62 bp
Equals: ALTAR Score 4.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.36 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.