First Trust Small Cap Growth AlphaDEX Fund
ALTAR
Score™
1.9% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
45.6x P/Sales
ratio
2.0x
P/BV
ratio
3.9x 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) $161
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) $2,334
Large cap (>$10bn) 0.7%
Mid cap ($2-10bn) 48.5%
Small cap (<$2bn) 50.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AT HOME GROUP, INC. 0.9 %
CALIX INC 0.8 %
STITCH FIX, INC. CLASS A 0.8 %
SLEEP NUMBER CORPORATION 0.8 %
RANGE RESOURCES CORP 0.8 %
CERENCE INC 0.8 %
CROCS INC 0.8 %
FORTERRA, INC. 0.8 %
AVAYA HOLDINGS CORP. 0.7 %
AMERESCO INC-CL A 0.7 %
Total 7.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.0 %
IRELAND 0.4 %
PUERTO RICO 0.4 %
SWITZERLAND 0.1 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
1.3% 8.1% 10.4% -- 9.0%

Market Correlations
versus... Beta R-squared
S&P500 1.26 83%
MSCI EAFE 1.29 71%
MSCI Emg. Mkts. 0.91 56%

Technical Indicators
Recent close $49.61
30d moving avg. $48.82
Annualized volatility 24.6%
Short interest (ETF) 1.9%
Short interest (Underlying) 5.6%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 44
Turnover 1.4%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $6,298

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™: 1.9%


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 42.8 63 7 6.1 +4.2
DWAS Invesco DWA SmallCap Momentum ETF 26.7 60 10 -2.0 -3.9
VIOO Vanguard S&P Small-Cap 600 ETF 25.3 10 60 6.9 +5.1
SPSM SPDR Portfolio Small Cap ETF 24.8 5 65 7.0 +5.2
SLY SPDR S&P 600 Small Cap ETF 24.8 15 55 6.9 +5.0
SLYG SPDR S&P 600 Small Cap Growth ETF 24.7 15 55 5.4 +3.5
IJR iShares Core S&P Small Cap ETF 24.6 6 64 7.0 +5.2
IWO iShares Russell 2000 Growth ETF 24.5 24 46 -0.1 -2.0
IJT iShares S&P Small-Cap 600 Growth ETF 24.5 25 45 5.4 +3.6
VIOG Vanguard S&P Small-Cap 600 Growth ETF 24.2 16 54 5.3 +3.5
PXSG Invesco S&P SmallCap Momentum ETF 23.2 39 31 3.8 +1.9
VTWG Vanguard Russell 2000 Growth Index Fund 21.5 15 55 0.1 -1.8
SSLY Syntax Stratified SmallCap ETF 20.8 30 40 6.5 +4.6
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 20.6 40 30 7.2 +5.4
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 20.2 29 41 0.2 -1.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 20.2 66 4 2.3 +0.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 20.0 29 41 5.0 +3.1
AFSM First Trust Active Factor Small Cap ETF 19.7 75 -5 5.5 +3.6
EES WisdomTree SmallCap Earnings Fund 19.6 38 32 10.2 +8.3
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 19.5 24 46 6.5 +4.6
RZG Invesco S&P Smallcap 600 Pure Growth ETF 19.3 35 35 5.8 +4.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 19.3 20 50 4.8 +3.0
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 18.8 35 35 7.8 +5.9
IWM iShares Russell 2000 ETF 18.5 19 51 3.3 +1.5
VTWO Vanguard Russell 2000 Index Fund 18.2 10 60 3.5 +1.7
CSML IQ Chaikin U.S. Small Cap ETF 17.7 35 35 3.9 +2.0
VIOV Vanguard S&P Small-Cap 600 Value ETF 17.4 15 55 8.8 +7.0
STSB iShares Factors US Small Blend Style ETF 17.4 35 35 3.6 +1.8
IJS iShares S&P Small-cap 600 Value ETF 17.0 25 45 8.9 +7.0
SLYV SPDR S&P 600 Small Cap Value ETF 16.9 15 55 8.8 +6.9
PSC Principal U.S. Small Cap Index ETF 16.9 38 32 6.8 +5.0
TPSC Timothy Plan US Small Cap Core ETF 16.1 52 18 7.9 +6.1
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 15.7 35 35 7.9 +6.0
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 15.2 35 35 5.9 +4.1
RNSC Small Cap US Equity Select ETF 15.0 60 10 7.0 +5.1
RWJ Invesco S&P SmallCap 600 Revenue ETF 14.9 39 31 7.0 +5.2
DES WisdomTree U.S. SmallCap Dividend Fund 14.6 38 32 8.4 +6.6
SCHA Schwab U.S. Small-Cap ETF 14.2 4 66 4.7 +2.9
NUSC Nuveen ESG Small-Cap ETF 13.8 40 30 4.7 +2.9
ROGS Hartford Multifactor Global Small Cap ETF 13.5 34 36 8.1 +6.3
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 13.5 30 40 7.5 +5.7
ISMD Inspire Small/Mid Cap Impact ETF 12.7 60 10 4.9 +3.1
SQLV Legg Mason Small-Cap Quality Value 12.3 62 8 6.4 +4.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 12.1 39 31 4.5 +2.7
PSCF Invesco S&P SmallCap Financials ETF 11.5 29 41 11.1 +9.3
BTEC Principal Healthcare Innovators Index ETF 11.5 42 28 -2.2 -4.0
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 11.3 17 53 4.8 +2.9
VFMO Vanguard U.S. Momentum Factor ETF 10.9 13 57 0.7 -1.2
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 10.8 12 58 7.5 +5.7
PBSM Invesco PureBeta MSCI USA Small Cap ETF 10.7 6 64 5.1 +3.2
XSLV Invesco S&P SmallCap Low Volatility ETF 10.7 25 45 5.5 +3.7
IWN iShares Russell 2000 Value ETF 10.5 24 46 6.8 +4.9
IWC iShares Micro-Cap ETF 10.5 60 10 -3.9 -5.7
IUSS Invesco Strategic US Small Company ETF 10.3 23 47 5.2 +3.3
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 10.0 125 -55 -3.1 -4.9
AVUV Avantis U.S. Small Cap Value ETF 9.9 25 45 8.0 +6.1
XSW SPDR S&P Software & Services ETF 9.6 35 35 4.4 +2.6
PSCH Invesco S&P SmallCap Health Care ETF 9.6 29 41 2.8 +0.9
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 9.6 20 50 4.6 +2.8
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 9.3 38 32 8.5 +6.7
JSML Janus Henderson Small Cap Growth Alpha ETF 9.0 30 40 8.1 +6.2
FSMD Fidelity Small-Mid Factor ETF 8.8 29 41 6.2 +4.4
IBBJ Defiance Nasdaq Junior Biotechnology ETF 8.8 45 25 -2.0 -3.9
VAMO Cambria Value & Momentum ETF 8.7 63 7 6.1 +4.3
BFOR Barron's 400 ETF 8.1 65 5 6.4 +4.6
VTWV Vanguard Russell 2000 Value Index Fund 7.9 15 55 6.9 +5.1
XBI SPDR S&P BIOTECH ETF 7.8 35 35 -2.1 -4.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 7.7 25 45 7.3 +5.4
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 7.4 29 41 7.7 +5.9
VBK Vanguard Small-Cap Growth Index Fund 7.3 7 63 2.2 +0.4
RZV Invesco S&P Smallcap 600 Pure Value ETF 7.3 35 35 8.2 +6.4
CALF Pacer US Small Cap Cash Cows 100 ETF 6.9 59 11 9.1 +7.3
BUY USCF SummerHaven SHPEI Index Fund 6.9 80 -10 8.6 +6.7
VFQY Vanguard U.S. Quality Factor ETF 6.9 13 57 6.3 +4.5
KOMP SPDR Kensho New Economies Composite ETF 6.8 20 50 2.3 +0.4
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 6.8 29 41 5.7 +3.9
VUSE Vident Core US Equity Fund 6.7 48 22 9.0 +7.1
JKK iShares Morningstar Small-Cap Growth ETF 6.7 30 40 1.0 -0.8
VFMF Vanguard U.S. Multifactor ETF 6.5 19 51 7.3 +5.5
VXF Vanguard Extended Market Index Fund 6.2 6 64 3.5 +1.7
VB Vanguard Small-Cap ETF 6.2 5 65 5.2 +3.4
XHE SPDR S&P Health Care Equipment ETF 6.0 35 35 1.6 -0.3
PFI Invesco DWA Financial Momentum ETF 6.0 60 10 5.9 +4.1
XSHQ Invesco S&P SmallCap Quality ETF 5.9 29 41 6.7 +4.9
PSCI Invesco S&P SmallCap Industrials ETF 5.9 29 41 6.5 +4.7
XSVM Invesco S&P SmallCap Value with Momentum ETF 5.8 39 31 9.3 +7.4
BKSE BNY Mellon US Small Cap Core Equity ETF 5.7 4 66 5.6 +3.8
PSCT Invesco S&P SmallCap Information Technology ETF 5.7 29 41 5.8 +4.0
RYJ Invesco Raymond James SB-1 Equity ETF 5.7 76 -6 3.4 +1.5
XHS SPDR S&P Health Care Services ETF 5.6 35 35 4.1 +2.3
VBR Vanguard Small Cap Value Index Fund 5.3 7 63 8.0 +6.2
JKJ iShares Morningstar Small-Cap ETF 5.3 25 45 6.4 +4.5
XRT SPDR S&P Retail ETF 5.3 35 35 5.7 +3.8
VFLQ Vanguard U.S. Liquidity Factor ETF 5.2 14 56 4.2 +2.3
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 5.1 80 -10 5.7 +3.8
TUSA First Trust Total US Market AlphaDEX ETF 5.0 70 0 5.7 +3.8
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 4.9 20 50 9.2 +7.3
PRN Invesco DWA Industrials Momentum ETF 4.9 60 10 2.9 +1.1
GDNA Goldman Sachs Motif Human Evolution ETF 4.7 50 20 0.5 -1.3
IBB iShares NASDAQ Biotechnology ETF 4.7 46 24 0.5 -1.3

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 9.2 %
Divided by: Fwd. P/BV 3.6 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 1.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 CATEGORY
AVERAGE
1.51
 
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.