First Trust Small Cap Growth AlphaDEX Fund
ALTAR
Score™
1.8% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
57.1x P/Sales
ratio
1.9x
P/BV
ratio
3.8x Div.
yield
0.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust Small Cap Value AlphaDEX Fund seeks investment results that correspond to the Defined Small Cap Value Index.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Apr 19, 2011
Assets (mns) $155
Currency USD
Expense ratio 70 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 No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 262
Wgt avg mkt cap (mns) $2,092
Large cap (>$10bn) 0.7%
Mid cap ($2-10bn) 40.8%
Small cap (<$2bn) 58.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
VIVINT SOLAR INC 1.3 %
MR. COOPER GROUP, INC. 0.9 %
LGI HOMES INC 0.8 %
ULTRA CLEAN HOLDINGS 0.8 %
CHEWY, INC. CLASS A 0.8 %
2U INC 0.8 %
KINSALE CAPITAL GROUP, INC. 0.8 %
MEDIFAST INC 0.7 %
INSTALLED BUILDING PRODUCTS 0.7 %
BANDWIDTH INC. CLASS A 0.7 %
Total 8.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.3 %
PUERTO RICO 0.3 %
CAYMAN ISLANDS 0.2 %
IRELAND 0.1 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.9% -5.0% 6.9% -- 8.5%

Market Correlations
versus... Beta R-squared
S&P500 1.29 83%
MSCI EAFE 1.30 70%
MSCI Emg. Mkts. 0.89 55%

Technical Indicators
Recent close $46.89
30d moving avg. $43.50
Annualized volatility 24.4%
Short interest (ETF) 0.1%
Short interest (Underlying) 5.6%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 30
Turnover 0.9%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $5,240

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FYC Expense: 70 bp ALTAR Score™: 1.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FYC
Ticker Fund
Name
Overlap1
vs FYC
(%)
Expense
ratio
(bp)
Savings
vs FYC
(bp)
ALTAR
Score™
(%)
ALTAR
vs FYC
(%)
FYX First Trust Small Cap Core AlphaDEX Fund 45.2 63 7 6.3 +4.5
SLYG SPDR S&P 600 Small Cap Growth ETF 30.7 15 55 5.1 +3.3
IJT iShares S&P Small-Cap 600 Growth ETF 30.6 25 45 5.0 +3.2
IWO iShares Russell 2000 Growth ETF 30.6 24 46 -0.1 -1.9
VIOG Vanguard S&P Small-Cap 600 Growth ETF 30.5 16 54 5.0 +3.2
VTWG Vanguard Russell 2000 Growth Index Fund 29.7 15 55 -0.0 -1.8
RZG Invesco S&P Smallcap 600 Pure Growth ETF 26.7 35 35 5.7 +3.9
SLY SPDR S&P 600 Small Cap ETF 25.3 15 55 6.5 +4.8
SPSM SPDR Portfolio Small Cap ETF 25.3 5 65 6.7 +4.9
IJR iShares Core S&P Small Cap ETF 25.2 7 63 6.6 +4.8
VIOO Vanguard S&P Small-Cap 600 ETF 24.8 10 60 6.6 +4.8
DWAS Invesco DWA SmallCap Momentum ETF 23.4 60 10 -2.3 -4.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 22.1 20 50 4.9 +3.1
AFSM First Trust Active Factor Small Cap ETF 22.0 75 -5 5.3 +3.5
IWM iShares Russell 2000 ETF 21.7 19 51 3.5 +1.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 21.3 29 41 4.7 +2.9
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 21.2 35 35 7.8 +6.0
VTWO Vanguard Russell 2000 Index Fund 21.0 10 60 3.6 +1.8
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 20.6 35 35 5.8 +4.0
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 20.6 29 41 0.0 -1.8
RNSC Small Cap US Equity Select ETF 20.3 60 10 7.0 +5.2
ISMD Inspire Small/Mid Cap Impact ETF 20.3 60 10 6.0 +4.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 19.8 66 4 2.2 +0.4
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 19.3 40 30 6.3 +4.5
SSLY Syntax Stratified SmallCap ETF 18.6 30 40 6.0 +4.2
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 18.2 24 46 6.6 +4.8
JKK iShares Morningstar Small-Cap Growth ETF 17.8 30 40 1.0 -0.8
PXSG Invesco S&P SmallCap Momentum ETF 17.8 39 31 4.7 +2.9
CSML IQ Chaikin U.S. Small Cap ETF 17.7 35 35 3.7 +1.9
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 17.4 35 35 7.9 +6.1
PSC Principal U.S. Small Cap Index ETF 17.3 38 32 6.6 +4.8
EES WisdomTree SmallCap Earnings Fund 17.2 38 32 10.6 +8.8
DES WisdomTree U.S. SmallCap Dividend Fund 16.9 38 32 8.2 +6.5
SCHA Schwab U.S. Small-Cap ETF 15.0 4 66 4.4 +2.6
JSML Janus Henderson Small Cap Growth Alpha ETF 14.4 30 40 7.3 +5.5
XSW SPDR S&P Software & Services ETF 13.9 35 35 3.8 +2.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 13.9 39 31 4.0 +2.2
NUSC Nuveen ESG Small-Cap ETF 13.8 40 30 4.9 +3.1
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 13.3 12 58 7.3 +5.5
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 13.0 17 53 4.9 +3.1
ROGS Hartford Multifactor Global Small Cap ETF 12.5 34 36 7.6 +5.8
PBSM Invesco PureBeta MSCI USA Small Cap ETF 12.4 6 64 5.0 +3.2
BTEC Principal Healthcare Innovators Index ETF 12.4 42 28 -2.5 -4.3
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 11.8 30 40 7.2 +5.4
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 11.4 38 32 8.5 +6.7
IWN iShares Russell 2000 Value ETF 11.0 24 46 6.9 +5.1
FSMD Fidelity Small-Mid Factor ETF 10.9 29 41 6.7 +4.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 10.7 39 31 6.2 +4.4
BKSE BNY Mellon US Small Cap Core Equity ETF 10.7 4 66 5.8 +4.1
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 10.5 20 50 4.6 +2.8
SQLV Legg Mason Small-Cap Quality Value 10.4 62 8 7.4 +5.7
IJS iShares S&P Small-cap 600 Value ETF 10.1 25 45 8.4 +6.6
VBK Vanguard Small-Cap Growth Index Fund 10.1 7 63 2.2 +0.4
PSCF Invesco S&P SmallCap Financials ETF 10.1 29 41 11.0 +9.2
SLYV SPDR S&P 600 Small Cap Value ETF 10.1 15 55 8.5 +6.7
PSCT Invesco S&P SmallCap Information Technology ETF 10.1 29 41 5.3 +3.5
VIOV Vanguard S&P Small-Cap 600 Value ETF 9.8 15 55 8.5 +6.7
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 9.8 29 41 7.5 +5.7
XSLV Invesco S&P SmallCap Low Volatility ETF 9.4 25 45 5.8 +4.0
VTWV Vanguard Russell 2000 Value Index Fund 9.2 15 55 7.1 +5.3
IUSS Invesco Strategic US Small Company ETF 8.8 23 47 5.2 +3.4
VFMO Vanguard U.S. Momentum Factor ETF 8.7 13 57 0.1 -1.7
BFOR Barron's 400 ETF 8.7 65 5 6.1 +4.3
JKJ iShares Morningstar Small-Cap ETF 8.4 25 45 6.4 +4.6
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 8.4 30 40 5.4 +3.6
XBI SPDR S&P BIOTECH ETF 8.1 35 35 -3.0 -4.8
AVUV Avantis U.S. Small Cap Value ETF 8.1 25 45 8.4 +6.6
VB Vanguard Small-Cap ETF 7.8 5 65 5.2 +3.4
VFMF Vanguard U.S. Multifactor ETF 7.6 19 51 6.8 +5.0
VXF Vanguard Extended Market Index Fund 7.5 7 63 3.5 +1.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 7.4 25 45 6.2 +4.5
RYJ Invesco Raymond James SB-1 Equity ETF 7.3 82 -12 3.9 +2.2
VAMO Cambria Value & Momentum ETF 7.2 64 6 6.6 +4.8
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 7.0 29 41 6.0 +4.2
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 6.9 80 -10 5.1 +3.3
XSHQ Invesco S&P SmallCap Quality ETF 6.8 29 41 6.3 +4.5
KOMP SPDR Kensho New Economies Composite ETF 6.8 20 50 2.4 +0.6
VFQY Vanguard U.S. Quality Factor ETF 6.4 13 57 5.8 +4.0
PLCY EventShares U.S. Legislative Opportunities ETF 6.2 75 -5 3.4 +1.6
XITK SPDR FactSet Innovative Technology ETF 5.8 45 25 0.3 -1.5
VBR Vanguard Small Cap Value Index Fund 5.6 7 63 8.1 +6.3
PSCH Invesco S&P SmallCap Health Care ETF 5.4 29 41 2.9 +1.1
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 5.4 35 35 9.0 +7.2
PSCI Invesco S&P SmallCap Industrials ETF 5.3 29 41 6.0 +4.2
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 5.3 20 50 9.2 +7.4
IBB iShares NASDAQ Biotechnology ETF 5.1 47 23 0.3 -1.5
TUSA First Trust Total US Market AlphaDEX ETF 4.8 70 0 5.7 +3.9
PFI Invesco DWA Financial Momentum ETF 4.8 60 10 5.2 +3.4
VFLQ Vanguard U.S. Liquidity Factor ETF 4.8 14 56 4.5 +2.7
CALF Pacer US Small Cap Cash Cows 100 ETF 4.8 59 11 10.5 +8.7
ROOF IQ US Real Estate Small Cap ETF 4.7 70 0 11.2 +9.4
VUSE Vident Core US Equity Fund 4.6 48 22 7.5 +5.7
GDNA Goldman Sachs Motif Human Evolution ETF 4.6 50 20 0.3 -1.5
OSCV Opus Small Cap Value Plus ETF 4.5 79 -9 5.1 +3.3
FPX First Trust US IPO Index Fund 4.5 58 12 2.4 +0.6
WCLD WisdomTree Cloud Computing Fund 4.4 45 25 1.7 -0.1
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 4.1 60 10 0.4 -1.4
NIFE Direxion Fallen Knives ETF 4.1 50 20 2.3 +0.5
PWC Invesco Dynamic Market ETF 4.1 59 11 4.6 +2.8
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 4.1 60 10 -0.5 -2.3

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 Small Cap Growth 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 8.9 %
Divided by: Fwd. P/BV 3.6 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 1.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 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.