First Trust Energy AlphaDEX Fund
ALTAR
Score™
2.6% info Recommen-
dation
AVOID
2021E    2022E
P/E
ratio
36.0x P/Sales
ratio
1.4x
P/BV
ratio
1.4x Div.
yield
3.1%


  • 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) $199
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 36
Wgt avg mkt cap (mns) $29,663
Large cap (>$10bn) 60.1%
Mid cap ($2-10bn) 36.9%
Small cap (<$2bn) 3.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MARATHON OIL CORP 5.6 %
CONTINENTAL RESOURCES INC/OK 5.5 %
EXXON MOBIL CORP 5.0 %
VALERO ENERGY CORP 5.0 %
CONOCOPHILLIPS 4.7 %
CABOT OIL & GAS CORP 4.5 %
ENPHASE ENERGY INC 4.3 %
SOLAREDGE TECHNOLOGIES, INC. 4.0 %
EOG RESOURCES INC 4.0 %
PIONEER NATURAL RESOURCES CO 3.7 %
Total 46.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.7 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
25.4% 47.6% -1.2% -6.9% -4.1%

Market Correlations
versus... Beta R-squared
S&P500 2.55 65%
MSCI EAFE 2.51 62%
MSCI Emg. Mkts. 2.25 62%

Technical Indicators
Recent close $9.94
30d moving avg. $9.16
Annualized volatility 58.4%
Short interest (ETF) 1.3%
Short interest (Underlying) 4.2%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 435
Turnover 2.2%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $9,057

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 2.6%


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 62.4 40 25 3.2 +0.6
RYE Invesco S&P 500 Equal Weight Energy ETF 62.2 40 25 3.0 +0.4
FTXN First Trust Nasdaq Oil & Gas ETF 57.0 60 5 3.0 +0.4
XOP SPDR S&P Oil & Gas Exploration & Production ETF 53.8 35 30 3.0 +0.4
VDE Vanguard Energy Index Fund 53.1 10 55 3.4 +0.8
IYE iShares U.S. Energy ETF 51.5 42 23 3.4 +0.8
FENY Fidelity MSCI Energy Index ETF 50.3 8 57 3.4 +0.9
XLE Energy Select Sector SPDR Fund 49.1 12 53 3.7 +1.1
IEO iShares U.S. Oil & Gas Exploration & Production ETF 40.3 42 23 3.2 +0.6
IGE iShares North American Natural Resources ETF 39.2 46 19 3.8 +1.2
PXE Invesco Dynamic Energy Exploration & Production ETF 38.7 63 2 3.2 +0.7
IXC iShares Global Energy ETF 34.4 46 19 5.0 +2.5
FCG First Trust Natural Gas ETF 34.3 60 5 2.7 +0.1
FRAK VanEck Vectors Unconventional Oil & Gas ETF 33.1 54 11 2.1 -0.5
PXI Invesco DWA Energy Momentum ETF 27.1 60 5 -0.6 -3.2
FILL iShares MSCI Global Energy Producers ETF 26.0 39 26 5.3 +2.7
NANR SPDR S&P North American Natural Resources ETF 21.1 35 30 3.7 +1.1
EQRR ProShares Equities for Rising Rates ETF 19.1 35 30 5.6 +3.0
SPHB Invesco S&P 500 High Beta ETF 18.1 25 40 4.9 +2.3
MLPX Global X MLP & Energy Infrastructure ETF 18.1 45 20 4.8 +2.2
EINC VanEck Vectors Energy Income ETF 18.1 45 20 5.2 +2.6
ENFR Alerian Energy Infrastructure ETF 17.9 65 0 4.6 +2.0
ALTL Pacer Lunt Large Cap Alternator ETF 17.9 60 5 4.6 +2.0
USAI Pacer American Energy Independence ETF 17.7 75 -10 4.5 +1.9
FCTR First Trust Lunt U.S. Factor Rotation ETF 16.3 65 0 4.3 +1.7
TPYP Tortoise North American Pipeline Fund 16.2 40 25 5.8 +3.2
SPYD SPDR S&P 500 High Dividend ETF 14.3 7 58 8.5 +5.9
GBDV Global Beta Smart Income ETF 14.1 29 36 7.8 +5.2
GNR SPDR S&P Global Natural Resources ETF 14.0 40 25 5.6 +3.0
MAGA Point Bridge GOP Stock Tracker ETF 13.9 72 -7 5.2 +2.7
HDV iShares Core High Dividend ETF 13.6 8 57 6.4 +3.8
HAP VanEck Vectors Natural Resources ETF 12.6 50 15 5.0 +2.4
CRAK VanEck Vectors Oil Refiners ETF 12.3 60 5 7.2 +4.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 12.2 46 19 5.4 +2.8
VRAI Virtus Real Asset Income ETF 11.1 55 10 7.0 +4.4
RDIV Invesco S&P Ultra Dividend Revenue ETF 10.6 39 26 7.9 +5.3
CTEC Global X CleanTech ETF 10.5 50 15 1.0 -1.6
TAN Invesco Solar ETF 10.5 69 -4 0.7 -1.9
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 10.5 60 5 0.4 -2.2
SDOG ALPS Sector Dividend Dogs ETF 10.5 40 25 8.1 +5.6
JKI iShares Morningstar Mid-Cap Value ETF 10.2 30 35 6.9 +4.3
PEY Invesco High Yield Equity Dividend Achievers ETF 10.1 52 13 7.8 +5.2
ICLN iShares Global Clean Energy ETF 9.9 46 19 2.1 -0.5
RPV Invesco S&P 500 Pure Value ETF 9.5 35 30 9.1 +6.5
ONEY SPDR Russell 1000 Yield Focus ETF 9.5 20 45 6.3 +3.7
DVY iShares Select Dividend ETF 9.3 39 26 7.6 +5.0
EQAL Invesco Russell 1000 Equal Weight ETF 9.3 20 45 5.0 +2.4
GRES IQ Global Resources ETF 9.0 78 -13 5.9 +3.3
SPVU Invesco S&P 500 Enhanced Value ETF 8.9 13 52 8.9 +6.4
GLIF AGFiQ Global Infrastructure ETF 8.9 45 20 4.8 +2.2
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 8.8 30 35 7.7 +5.1
IGF iShares Global Infrastructure ETF 8.7 46 19 4.6 +2.0
GII SPDR S&P Global Infrastructure ETF 8.7 40 25 4.6 +2.0
EMLP First Trust North American Energy Infrastructure Fund 8.6 96 -31 5.3 +2.7
SMOG VanEck Vectors Low Carbon Energy ETF 8.5 62 3 1.9 -0.7
VLU SPDR S&P 1500 Value Tilt ETF 8.5 12 53 5.9 +3.3
JDIV JPMorgan U.S. Dividend ETF 8.4 12 53 6.5 +3.9
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 8.4 75 -10 6.0 +3.4
ESGS Columbia Sustainable U.S. Equity Income ETF 8.4 35 30 7.5 +4.9
SYLD Cambria Shareholder Yield ETF 8.4 59 6 6.7 +4.1
FDVV Fidelity Core Dividend ETF 8.4 29 36 6.1 +3.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 8.3 70 -5 3.3 +0.7
SPDV AAM S&P 500 High Dividend Value ETF 8.3 29 36 7.8 +5.2
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 8.3 47 18 5.2 +2.7
IUS Invesco Strategic US ETF 8.0 19 46 5.2 +2.6
SDGA Impact Shares Sustainable Development Goals Global ETF 7.9 75 -10 5.0 +2.4
CNRG SPDR S&P Kensho Clean Power ETF 7.9 45 20 1.5 -1.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 7.8 25 40 5.6 +3.0
IEZ iShares U.S. Oil Equipment & Services ETF 7.7 42 23 0.2 -2.4
PXJ Invesco Dynamic Oil & Gas Services ETF 7.7 63 2 -0.7 -3.3
OIH VanEck Vectors Oil Services ETF 7.7 35 30 -0.8 -3.4
XES SPDR S&P Oil & Gas Equipment & Services ETF 7.7 35 30 -2.2 -4.8
FOVL iShares Focused Value Factor ETF 7.7 25 40 7.4 +4.8
RVRS Reverse Cap Weighted U.S. Large Cap ETF 7.6 29 36 5.5 +3.0
SCHD Schwab U.S. Dividend Equity ETF 7.5 6 59 7.0 +4.4
FCPI Fidelity Stocks for Inflation ETF 7.3 29 36 6.3 +3.7
WOMN Impact Shares YWCA Women's Empowerment ETF 7.3 75 -10 3.7 +1.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 7.2 25 40 5.5 +2.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 7.2 24 41 5.6 +3.0
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 7.1 49 16 4.4 +1.8
VYM Vanguard High Dividend Yield Index ETF 7.1 6 59 6.8 +4.2
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 7.0 60 5 3.5 +0.9
JPUS JPMorgan Diversified Return U.S. Equity ETF 6.9 18 47 5.8 +3.2
JKL iShares Morningstar Small Cap Value ETF 6.8 30 35 6.9 +4.3
VOOV Vanguard S&P 500 Value ETF 6.7 10 55 6.2 +3.6
TPHD Timothy Plan High Dividend Stock ETF 6.6 52 13 5.7 +3.1
RWL Invesco S&P 500 Revenue ETF 6.6 39 26 6.1 +3.5
JMIN JPMorgan U.S. Minimum Volatility ETF 6.5 12 53 5.5 +2.9
DIV Global X SuperDividend US ETF 6.5 46 19 5.9 +3.4
ACES ALPS Clean Energy ETF 6.5 55 10 0.6 -2.0
PRF Invesco FTSE RAFI US 1000 ETF 6.5 39 26 5.7 +3.1
SULR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 6.2 79 -14 4.1 +1.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 5.9 19 46 5.2 +2.6
BLES Inspire Global Hope Large Cap ETF 5.9 52 13 5.2 +2.7
QSY WisdomTree U.S. LargeCap Value Fund 5.8 38 27 6.9 +4.3
AIEQ AI Powered Equity ETF 5.8 87 -22 2.0 -0.6
DIVB iShares U.S. Dividend & Buyback ETF 5.7 25 40 6.0 +3.4
SDY SPDR S&P Dividend ETF 5.7 35 30 6.2 +3.6

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 4.5 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 2.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 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.