First Trust Small Cap Core AlphaDEX Fund
ALTAR
Score™
5.4% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
28.1x P/Sales
ratio
1.2x
P/BV
ratio
1.9x Div.
yield
1.6%


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

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date May 08, 2007
Assets (mns) $760
Currency USD
Expense ratio 63 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 526
Wgt avg mkt cap (mns) $2,211
Large cap (>$10bn) 0.5%
Mid cap ($2-10bn) 49.8%
Small cap (<$2bn) 48.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PLUG POWER INC 0.6 %
STITCH FIX, INC. CLASS A 0.5 %
EXP WORLD HOLDINGS, INC. 0.5 %
AT HOME GROUP, INC. 0.5 %
RENEWABLE ENERGY GROUP INC 0.4 %
AMC NETWORKS INC-A 0.4 %
INTELLIA THERAPEUTICS, INC. 0.4 %
TWIST BIOSCIENCE CORP. 0.4 %
QUANTERIX CORPORATION 0.4 %
MACERICH CO/THE 0.4 %
Total 4.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.9 %
BERMUDA 0.8 %
PUERTO RICO 0.3 %
IRELAND 0.3 %
SWITZERLAND 0.3 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
19.5% 19.5% 12.8% 10.7% 7.8%

Market Correlations
versus... Beta R-squared
S&P500 1.45 86%
MSCI EAFE 1.40 80%
MSCI Emg. Mkts. 1.16 69%

Technical Indicators
Recent close $85.34
30d moving avg. $79.71
Annualized volatility 29.3%
Short interest (ETF) 0.2%
Short interest (Underlying) 6.6%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 58
Turnover 0.7%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $14,375

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the First Trust Small Cap Core AlphaDEX Fund ETF based on the alternatives' overlap in portfolio holdings with FYX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FYX Expense: 63 bp ALTAR Score™: 5.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FYX
Ticker Fund
Name
Overlap1
vs FYX
(%)
Expense
ratio
(bp)
Savings
vs FYX
(bp)
ALTAR
Score™
(%)
ALTAR
vs FYX
(%)
FYT First Trust Small Cap Value AlphaDEX Fund 54.9 72 -9 7.9 +2.5
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 47.7 35 28 6.0 +0.6
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 47.6 35 28 6.0 +0.6
TPSC Timothy Plan US Small Cap Core ETF 46.2 52 11 5.7 +0.3
RNSC Small Cap US Equity Select ETF 43.4 60 3 6.0 +0.6
FYC First Trust Small Cap Growth AlphaDEX Fund 41.9 70 -7 1.7 -3.7
VTWO Vanguard Russell 2000 Index Fund 41.4 10 53 2.6 -2.8
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 40.7 9 54 3.3 -2.1
EES WisdomTree SmallCap Earnings Fund 37.6 38 25 7.5 +2.1
SLY SPDR S&P 600 Small Cap ETF 37.3 15 48 5.5 +0.1
SPSM SPDR Portfolio Small Cap ETF 37.3 5 58 5.6 +0.2
VIOO Vanguard S&P Small-Cap 600 ETF 36.9 10 53 5.5 +0.1
IJR iShares Core S&P Small Cap ETF 36.8 6 57 5.6 +0.2
IWN iShares Russell 2000 Value ETF 36.1 24 39 5.0 -0.4
XJR iShares ESG Screened S&P Small-Cap ETF 35.6 12 51 5.7 +0.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 35.5 39 24 3.9 -1.5
IWM iShares Russell 2000 ETF 34.6 19 44 2.5 -2.9
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 34.6 40 23 5.1 -0.3
VTWV Vanguard Russell 2000 Value Index Fund 34.5 15 48 5.1 -0.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 34.4 20 43 3.8 -1.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 31.5 29 34 4.2 -1.2
CSML IQ Chaikin U.S. Small Cap ETF 30.8 35 28 2.8 -2.6
VIOV Vanguard S&P Small-Cap 600 Value ETF 30.7 15 48 6.9 +1.5
SLYV SPDR S&P 600 Small Cap Value ETF 30.3 15 48 6.9 +1.5
DES WisdomTree U.S. SmallCap Dividend Fund 30.0 38 25 6.7 +1.3
IJS iShares S&P Small-cap 600 Value ETF 30.0 18 45 6.8 +1.4
SCHA Schwab U.S. Small-Cap ETF 29.5 4 59 3.6 -1.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 29.1 39 24 5.3 -0.1
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 29.1 24 39 4.9 -0.5
PSC Principal U.S. Small Cap Index ETF 28.8 38 25 4.6 -0.8
SSLY Syntax Stratified SmallCap ETF 28.7 30 33 4.9 -0.5
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 28.4 30 33 6.0 +0.6
AFSM First Trust Active Factor Small Cap ETF 28.0 77 -14 4.3 -1.1
FNDA Schwab Fundamental U.S. Small Co. Index ETF 27.4 25 38 4.8 -0.6
AVUV Avantis U.S. Small Cap Value ETF 27.0 25 38 6.3 +0.9
ISMD Inspire Small/Mid Cap Impact ETF 27.0 60 3 4.3 -1.1
STSB iShares Factors US Small Blend Style ETF 27.0 35 28 2.9 -2.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 26.7 39 24 3.4 -2.0
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 25.1 29 34 4.9 -0.5
VTWG Vanguard Russell 2000 Growth Index Fund 24.9 15 48 0.1 -5.3
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 24.9 17 46 4.0 -1.4
IWO iShares Russell 2000 Growth ETF 24.8 24 39 -0.1 -5.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 24.6 6 57 4.0 -1.4
IUSS Invesco Strategic US Small Company ETF 24.5 23 40 3.6 -1.8
ROSC Hartford Multifactor Small Cap ETF 24.3 34 29 6.5 +1.1
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 23.8 29 34 -0.3 -5.7
SLYG SPDR S&P 600 Small Cap Growth ETF 23.4 15 48 4.4 -1.0
VIOG Vanguard S&P Small-Cap 600 Growth ETF 23.1 16 47 4.3 -1.1
IJT iShares S&P Small-Cap 600 Growth ETF 23.0 18 45 4.3 -1.1
VBR Vanguard Small Cap Value Index Fund 22.4 7 56 6.4 +1.0
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 22.4 35 28 4.9 -0.5
SVAL iShares US Small Cap Value Factor ETF 22.1 20 43 8.3 +2.9
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 21.6 12 51 6.0 +0.6
NUSC Nuveen ESG Small-Cap ETF 21.6 40 23 3.9 -1.5
VFVA Vanguard U.S. Value Factor ETF 20.5 14 49 8.5 +3.1
FAB First Trust Multi Cap Value AlphaDEX Fund 20.5 71 -8 7.5 +2.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 20.0 66 -3 1.8 -3.6
BKSE BNY Mellon US Small Cap Core Equity ETF 19.9 4 59 4.7 -0.7
DWAS Invesco DWA SmallCap Momentum ETF 19.4 60 3 -1.2 -6.6
VB Vanguard Small-Cap ETF 17.9 5 58 4.4 -1.0
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 17.8 38 25 7.0 +1.6
FSMD Fidelity Small-Mid Factor ETF 17.4 29 34 5.2 -0.2
SQLV Legg Mason Small-Cap Quality Value 17.4 62 1 4.1 -1.3
EZM WisdomTree U.S. MidCap Earnings Fund 17.0 38 25 7.6 +2.2
VFQY Vanguard U.S. Quality Factor ETF 16.9 13 50 5.3 -0.1
EWMC Invesco S&P MidCap 400 Equal Weight ETF 15.5 40 23 5.6 +0.2
VFMF Vanguard U.S. Multifactor ETF 14.9 19 44 6.1 +0.7
PSCF Invesco S&P SmallCap Financials ETF 14.9 29 34 9.0 +3.6
RZV Invesco S&P Smallcap 600 Pure Value ETF 14.8 35 28 6.8 +1.4
VXF Vanguard Extended Market Index Fund 14.8 6 57 2.5 -2.9
XSVM Invesco S&P SmallCap Value with Momentum ETF 14.1 39 24 6.8 +1.4
JKJ iShares Morningstar Small-Cap ETF 13.7 25 38 5.1 -0.3
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 13.6 20 43 7.1 +1.7
VFMO Vanguard U.S. Momentum Factor ETF 13.5 13 50 1.4 -4.0
IJJ iShares S&P Mid-Cap 400 Value ETF 13.3 18 45 6.9 +1.5
MDYV SPDR S&P 400 Mid Cap Value ETF 13.3 15 48 6.9 +1.6
BFOR Barron's 400 ETF 13.3 65 -2 5.6 +0.2
RZG Invesco S&P Smallcap 600 Pure Growth ETF 13.1 35 28 3.7 -1.7
JKL iShares Morningstar Small Cap Value ETF 12.6 30 33 7.6 +2.2
TUSA First Trust Total US Market AlphaDEX ETF 12.4 70 -7 4.8 -0.6
VUSE Vident Core US Equity Fund 12.4 48 15 7.4 +2.0
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 12.0 35 28 7.2 +1.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 11.9 15 48 6.7 +1.3
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 11.8 20 43 3.6 -1.8
XSMO Invesco S&P SmallCap Momentum ETF 11.6 39 24 3.6 -1.8
VBK Vanguard Small-Cap Growth Index Fund 11.5 7 56 1.9 -3.5
SMDY Syntax Stratified MidCap ETF 11.3 30 33 5.1 -0.3
JKK iShares Morningstar Small-Cap Growth ETF 11.1 30 33 0.6 -4.8
KRE SPDR S&P Regional Banking ETF 11.1 35 28 7.5 +2.1
RWK Invesco S&P MidCap 400 Revenue ETF 11.0 39 24 6.3 +1.0
XSHQ Invesco S&P SmallCap Quality ETF 11.0 29 34 5.3 -0.1
RFV Invesco S&P Midcap 400 Pure Value ETF 10.6 35 28 8.8 +3.4
QABA First Trust NASDAQ ABA Community Bank Index Fund 10.3 60 3 7.4 +2.0
XJH iShares ESG Screened S&P Mid-Cap ETF 10.0 12 51 5.4 -0.0
XSLV Invesco S&P SmallCap Low Volatility ETF 9.8 25 38 4.6 -0.8
SIXS 6 Meridian Small Cap Equity ETF 9.7 97 -34 7.1 +1.8
MDY SPDR S&P Midcap 400 ETF Trust 9.6 23 40 5.1 -0.3
SPMD SPDR Portfolio Mid Cap ETF 9.6 5 58 5.3 -0.1
IJH iShares Core S&P Mid-Cap ETF 9.6 5 58 5.3 -0.1

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 Small Cap Core AlphaDEX Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.4 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 63 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.49
 
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.