First Trust Energy AlphaDEX Fund
ALTAR
Score™
-0.8% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
-6.2x P/Sales
ratio
0.5x
P/BV
ratio
0.6x Div.
yield
3.4%


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

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date May 08, 2007
Assets (mns) $588
Currency USD
Expense ratio 65 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 41
Wgt avg mkt cap (mns) $16,370
Large cap (>$10bn) 32.1%
Mid cap ($2-10bn) 48.8%
Small cap (<$2bn) 19.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ENPHASE ENERGY INC 5.0 %
SOLAREDGE TECHNOLOGIES, INC. 4.9 %
EXXON MOBIL CORP 4.1 %
CONOCOPHILLIPS 4.1 %
CONTINENTAL RESOURCES INC/OK 3.9 %
EOG RESOURCES INC 3.9 %
MARATHON OIL CORP 3.8 %
WPX ENERGY 3.7 %
CABOT OIL & GAS CORP 3.5 %
CHEVRON CORP 3.3 %
Total 40.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.7 %










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.
-37.1% -41.3% -18.8% -6.6% -7.7%

Market Correlations
versus... Beta R-squared
S&P500 2.59 65%
MSCI EAFE 2.67 60%
MSCI Emg. Mkts. 2.07 57%

Technical Indicators
Recent close $6.18
30d moving avg. $6.96
Annualized volatility 54.6%
Short interest (ETF) 1.6%
Short interest (Underlying) 8.0%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 5,376
Turnover 5.7%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $10,959

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Energy AlphaDEX Fund ETF based on the alternatives' overlap in portfolio holdings with FXN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FXN Expense: 65 bp ALTAR Score™: -0.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FXN
Ticker Fund
Name
Overlap1
vs FXN
(%)
Expense
ratio
(bp)
Savings
vs FXN
(bp)
ALTAR
Score™
(%)
ALTAR
vs FXN
(%)
JHME John Hancock Multifactor Energy ETF 59.9 40 25 4.0 +4.8
RYE Invesco S&P 500 Equal Weight Energy ETF 58.5 40 25 3.9 +4.7
XOP SPDR S&P Oil & Gas Exploration & Production ETF 57.6 35 30 3.8 +4.6
FTXN First Trust Nasdaq Oil & Gas ETF 51.2 60 5 2.3 +3.1
PXI Invesco DWA Energy Momentum ETF 50.0 60 5 4.4 +5.2
IYE iShares U.S. Energy ETF 47.1 42 23 4.2 +5.0
VDE Vanguard Energy Index Fund 46.6 10 55 4.1 +4.9
PXE Invesco Dynamic Energy Exploration & Production ETF 46.2 63 2 1.1 +1.9
FENY Fidelity MSCI Energy Index ETF 46.1 8 57 4.5 +5.3
XLE Energy Select Sector SPDR Fund 44.6 13 52 4.7 +5.5
FCG First Trust Natural Gas ETF 42.3 60 5 4.2 +5.0
IEO iShares U.S. Oil & Gas Exploration & Production ETF 41.5 42 23 3.8 +4.6
FRAK VanEck Vectors Unconventional Oil & Gas ETF 39.3 54 11 1.6 +2.4
IGE iShares North American Natural Resources ETF 36.6 46 19 4.3 +5.1
IXC iShares Global Energy ETF 30.7 46 19 6.1 +6.9
FILL iShares MSCI Global Energy Producers ETF 23.0 39 26 6.6 +7.4
NANR SPDR S&P North American Natural Resources ETF 22.4 35 30 3.5 +4.3
PMOM Principal Sustainable Momentum Index ETF 17.5 29 36 9.3 +10.0
PVAL Principal Contrarian Value Index ETF 16.9 29 36 10.4 +11.2
EQRR ProShares Equities for Rising Rates ETF 16.8 35 30 6.3 +7.1
YMLP VanEck Vectors High Income MLP ETF 15.9 45 20 5.6 +6.4
MLPX Global X MLP & Energy Infrastructure ETF 15.9 45 20 4.0 +4.8
USAI Pacer American Energy Independence ETF 15.9 75 -10 2.9 +3.6
ENFR Alerian Energy Infrastructure ETF 15.7 65 0 5.4 +6.2
TPYP Tortoise North American Pipeline Fund 14.7 40 25 6.2 +7.0
SPHB Invesco S&P 500 High Beta ETF 14.6 25 40 9.7 +10.4
ALTL Pacer Lunt Large Cap Alternator ETF 14.6 60 5 9.3 +10.1
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 14.6 49 16 9.5 +10.2
GBDV Global Beta Smart Income ETF 13.2 29 36 9.0 +9.8
ICLN iShares Global Clean Energy ETF 12.9 46 19 3.1 +3.9
TAN Invesco Solar ETF 12.9 71 -6 1.6 +2.4
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 12.3 60 5 0.3 +1.1
MAGA Point Bridge GOP Stock Tracker ETF 12.0 72 -7 6.6 +7.4
HAP VanEck Vectors Natural Resources ETF 11.9 50 15 6.4 +7.1
HDV iShares Core High Dividend ETF 11.9 8 57 6.8 +7.6
GNR SPDR S&P Global Natural Resources ETF 11.7 40 25 6.7 +7.5
GUNR Flexshares Morningstar Global Upstream Natural Resources 11.0 46 19 5.9 +6.6
DTN WisdomTree U.S. Dividend ex-Financials Fund 10.8 38 27 8.1 +8.9
WBIY WBI Power Factor High Dividend ETF 10.8 70 -5 12.5 +13.3
RPV Invesco S&P 500 Pure Value ETF 10.8 35 30 11.4 +12.2
FCTR First Trust Lunt U.S. Factor Rotation ETF 10.7 65 0 3.4 +4.2
SLT Salt TruBeta High Exposure ETF 10.6 29 36 9.6 +10.4
RDIV Invesco S&P Ultra Dividend Revenue ETF 10.6 39 26 11.3 +12.1
SPYD SPDR S&P 500 High Dividend ETF 10.4 7 58 10.5 +11.3
EQAL Invesco Russell 1000 Equal Weight ETF 10.2 20 45 5.8 +6.6
ONEY SPDR Russell 1000 Yield Focus ETF 9.8 20 45 9.5 +10.3
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 9.2 30 35 9.9 +10.7
SPVU Invesco S&P 500 Enhanced Value ETF 9.2 13 52 11.6 +12.4
FOVL iShares Focused Value Factor ETF 9.1 25 40 10.7 +11.5
QDIV Global X S&P 500 Quality Dividend ETF 9.1 20 45 7.7 +8.5
XKCP SPDR Kensho Clean Power ETF 8.9 45 20 0.3 +1.1
DVY iShares Select Dividend ETF 8.8 39 26 9.7 +10.5
VLU SPDR S&P 1500 Value Tilt ETF 8.7 12 53 7.5 +8.3
CRAK VanEck Vectors Oil Refiners ETF 8.7 60 5 12.9 +13.7
DHS WisdomTree U.S. High Dividend Fund 8.6 38 27 8.7 +9.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 8.5 70 -5 4.2 +5.0
DVLU First Trust Dorsey Wright Momentum & Value ETF 8.4 60 5 5.9 +6.7
FDVV Fidelity Core Dividend ETF 8.3 29 36 7.2 +8.0
PEY Invesco High Yield Equity Dividend Achievers ETF 8.3 53 12 9.3 +10.1
SDOG ALPS Sector Dividend Dogs ETF 8.2 40 25 10.5 +11.2
SYLD Cambria Shareholder Yield ETF 7.8 59 6 9.1 +9.9
IUS Invesco Strategic US ETF 7.8 19 46 6.7 +7.5
IGF iShares Global Infrastructure ETF 7.7 46 19 5.5 +6.3
GII SPDR S&P Global Infrastructure ETF 7.6 40 25 5.5 +6.3
PBW Invesco WilderHill Clean Energy ETF 7.6 70 -5 -4.0 -3.2
GRES IQ Global Resources ETF 7.6 77 -12 7.6 +8.4
ACES ALPS Clean Energy ETF 7.6 65 0 0.9 +1.7
JKL iShares Morningstar Small Cap Value ETF 7.4 30 35 10.7 +11.4
JKI iShares Morningstar Mid-Cap Value ETF 7.4 30 35 9.3 +10.1
DJD Invesco Dow Jones Industrial Average Dividend ETF 7.4 7 58 6.9 +7.7
DEW WisdomTree Global High Dividend Fund 7.3 58 7 9.4 +10.2
GEX VanEck Vectors Global Alternative Energy ETF 7.2 62 3 4.3 +5.1
BLES Inspire Global Hope Large Cap ETF 7.2 52 13 6.5 +7.3
JKF iShares Morningstar Large Cap Value ETF 7.1 25 40 7.6 +8.4
OUSA O'Shares FTSE US Quality Dividend ETF 7.0 48 17 5.7 +6.5
FTA First Trust Large Cap Value AlphaDEX Fund 6.9 60 5 9.4 +10.2
USDY Pacific Global US Equity Income ETF 6.9 29 36 7.3 +8.1
RWL Invesco S&P 500 Revenue ETF 6.9 39 26 7.3 +8.1
WOMN Impact Shares YWCA Women's Empowerment ETF 6.8 75 -10 4.5 +5.3
DIV Global X SuperDividend US ETF 6.8 46 19 7.2 +8.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 6.6 46 19 5.5 +6.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 6.6 24 41 6.3 +7.1
PRF Invesco FTSE RAFI US 1000 ETF 6.6 39 26 6.9 +7.7
IEZ iShares U.S. Oil Equipment & Services ETF 6.5 42 23 0.8 +1.6
PXJ Invesco Dynamic Oil & Gas Services ETF 6.5 63 2 -0.1 +0.7
XES SPDR S&P Oil & Gas Equipment & Services ETF 6.5 35 30 -2.3 -1.5
OIH VanEck Vectors Oil Services ETF 6.5 35 30 -3.7 -2.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 6.5 25 40 6.6 +7.4
SPDV AAM S&P 500 High Dividend Value ETF 6.5 29 36 11.1 +11.8
HLAL Wahed FTSE USA Shariah ETF 6.4 50 15 4.6 +5.4
JDIV JPMorgan U.S. Dividend ETF 6.4 12 53 8.0 +8.8
DLN WisdomTree U.S. LargeCap Dividend Fund 6.3 28 37 6.4 +7.2
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 6.2 35 30 8.7 +9.5
ESGS Columbia Sustainable U.S. Equity Income ETF 6.2 35 30 8.6 +9.4
REVS Columbia Research Enhanced Value ETF 6.2 19 46 7.8 +8.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 6.1 25 40 6.6 +7.4
FCPI Fidelity Stocks for Inflation ETF 6.1 29 36 7.0 +7.8
EDOW First Trust Dow 30 Equal Weight ETF 6.1 50 15 6.0 +6.8
VRAI Virtus Real Asset Income ETF 6.0 55 10 11.6 +12.4
RVRS Reverse Cap Weighted U.S. Large Cap ETF 5.9 29 36 8.3 +9.1

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 Energy AlphaDEX Fund
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 -0.1 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 65 bp
Equals: ALTAR Score -0.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.