First Trust Small Cap Core AlphaDEX Fund
ALTAR
Score™
6.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
31.1x P/Sales
ratio
0.9x
P/BV
ratio
1.7x Div.
yield
1.5%


  • 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) $462
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) $1,919
Large cap (>$10bn) 0.3%
Mid cap ($2-10bn) 35.9%
Small cap (<$2bn) 63.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AT HOME GROUP, INC. 0.4 %
EXP WORLD HOLDINGS, INC. 0.4 %
FORTERRA, INC. 0.4 %
SLEEP NUMBER CORPORATION 0.4 %
PQ GROUP HOLDINGS, INC. 0.4 %
TWIST BIOSCIENCE CORP. 0.4 %
ASSURED GUARANTY LTD 0.4 %
AVAYA HOLDINGS CORP. 0.4 %
AMERESCO INC-CL A 0.4 %
WORTHINGTON INDUSTRIES 0.4 %
Total 3.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.3 %
BERMUDA 0.6 %
PUERTO RICO 0.5 %
IRELAND 0.2 %







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.
-10.4% -2.7% 6.7% 9.2% 5.6%

Market Correlations
versus... Beta R-squared
S&P500 1.41 87%
MSCI EAFE 1.47 79%
MSCI Emg. Mkts. 1.07 65%

Technical Indicators
Recent close $62.02
30d moving avg. $59.56
Annualized volatility 26.7%
Short interest (ETF) 0.0%
Short interest (Underlying) 6.6%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 24
Turnover 0.3%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $10,352

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 6.0%


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 54.8 72 -9 9.4 +3.4
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 48.5 35 28 7.7 +1.7
FYC First Trust Small Cap Growth AlphaDEX Fund 43.0 70 -7 1.8 -4.2
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 41.9 35 28 7.8 +1.8
TPSC Timothy Plan US Small Cap Core ETF 38.7 52 11 7.9 +1.9
SPSM SPDR Portfolio Small Cap ETF 38.2 5 58 6.9 +0.9
SLY SPDR S&P 600 Small Cap ETF 38.2 15 48 6.8 +0.8
IJR iShares Core S&P Small Cap ETF 37.9 6 57 6.9 +0.9
VIOO Vanguard S&P Small-Cap 600 ETF 37.7 10 53 6.8 +0.8
EES WisdomTree SmallCap Earnings Fund 36.9 38 25 10.0 +4.0
IWN iShares Russell 2000 Value ETF 36.2 24 39 6.7 +0.7
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 35.2 40 23 7.1 +1.1
IWM iShares Russell 2000 ETF 33.4 19 44 3.3 -2.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 32.9 20 43 4.7 -1.3
VTWO Vanguard Russell 2000 Index Fund 32.8 10 53 3.5 -2.5
RNSC Small Cap US Equity Select ETF 32.3 60 3 7.0 +1.0
SLYV SPDR S&P 600 Small Cap Value ETF 32.2 15 48 8.7 +2.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 32.2 29 34 4.9 -1.1
IJS iShares S&P Small-cap 600 Value ETF 31.9 25 38 8.8 +2.8
VIOV Vanguard S&P Small-Cap 600 Value ETF 31.6 15 48 8.7 +2.7
CSML IQ Chaikin U.S. Small Cap ETF 31.6 35 28 3.8 -2.2
DES WisdomTree U.S. SmallCap Dividend Fund 31.4 38 25 8.3 +2.3
PSC Principal U.S. Small Cap Index ETF 29.8 38 25 6.7 +0.7
RWJ Invesco S&P SmallCap 600 Revenue ETF 28.8 39 24 6.8 +0.8
SSLY Syntax Stratified SmallCap ETF 28.4 30 33 6.4 +0.4
SCHA Schwab U.S. Small-Cap ETF 28.1 4 59 4.6 -1.4
VTWV Vanguard Russell 2000 Value Index Fund 27.8 15 48 6.9 +0.9
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 27.5 24 39 6.3 +0.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 27.1 25 38 7.2 +1.2
AVUV Avantis U.S. Small Cap Value ETF 27.0 25 38 7.9 +1.9
AFSM First Trust Active Factor Small Cap ETF 27.0 75 -12 5.3 -0.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 26.9 39 24 4.5 -1.5
ISMD Inspire Small/Mid Cap Impact ETF 26.4 60 3 4.8 -1.2
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 25.9 30 33 7.4 +1.4
ROGS Hartford Multifactor Global Small Cap ETF 25.6 34 29 8.0 +2.0
IUSS Invesco Strategic US Small Company ETF 25.4 23 40 5.1 -0.9
SLYG SPDR S&P 600 Small Cap Growth ETF 24.8 15 48 5.3 -0.7
IJT iShares S&P Small-Cap 600 Growth ETF 24.8 25 38 5.4 -0.6
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 24.6 29 34 5.7 -0.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 24.3 16 47 5.2 -0.8
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 23.9 29 34 0.2 -5.8
IWO iShares Russell 2000 Growth ETF 23.8 24 39 -0.1 -6.1
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 22.5 12 51 7.5 +1.5
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 22.4 17 46 4.7 -1.3
PBSM Invesco PureBeta MSCI USA Small Cap ETF 22.1 6 57 5.0 -1.0
VTWG Vanguard Russell 2000 Growth Index Fund 21.5 15 48 0.1 -5.9
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 20.7 35 28 5.8 -0.2
FAB First Trust Multi Cap Value AlphaDEX Fund 20.2 71 -8 9.5 +3.5
NUSC Nuveen ESG Small-Cap ETF 19.9 40 23 4.7 -1.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 19.6 66 -3 2.2 -3.8
VBR Vanguard Small Cap Value Index Fund 19.4 7 56 7.9 +1.9
SQLV Legg Mason Small-Cap Quality Value 18.8 62 1 6.2 +0.2
DWAS Invesco DWA SmallCap Momentum ETF 18.4 60 3 -2.0 -8.0
FSMD Fidelity Small-Mid Factor ETF 16.8 29 34 6.1 +0.1
PSCF Invesco S&P SmallCap Financials ETF 16.4 29 34 11.1 +5.2
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 16.1 38 25 8.3 +2.3
VFQY Vanguard U.S. Quality Factor ETF 15.8 13 50 6.3 +0.3
EWMC Invesco S&P MidCap 400 Equal Weight ETF 15.8 40 23 7.2 +1.2
VFVA Vanguard U.S. Value Factor ETF 15.3 14 49 10.8 +4.8
JKL iShares Morningstar Small Cap Value ETF 14.8 30 33 9.9 +3.9
BUY USCF SummerHaven SHPEI Index Fund 14.8 80 -17 8.6 +2.6
BKSE BNY Mellon US Small Cap Core Equity ETF 14.8 4 59 5.6 -0.4
VB Vanguard Small-Cap ETF 14.7 5 58 5.1 -0.9
VFMF Vanguard U.S. Multifactor ETF 14.3 19 44 7.2 +1.2
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 14.0 20 43 9.1 +3.1
XSVM Invesco S&P SmallCap Value with Momentum ETF 13.5 39 24 9.0 +3.0
MDYV SPDR S&P 400 Mid Cap Value ETF 13.5 15 48 8.4 +2.4
IJJ iShares S&P Mid-Cap 400 Value ETF 13.5 25 38 8.2 +2.2
BFOR Barron's 400 ETF 13.4 65 -2 6.3 +0.4
PXSG Invesco S&P SmallCap Momentum ETF 13.4 39 24 3.7 -2.3
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 13.1 35 28 9.9 +3.9
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 13.0 20 43 4.6 -1.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 12.8 15 48 8.2 +2.2
TUSA First Trust Total US Market AlphaDEX ETF 12.6 70 -7 5.6 -0.4
VXF Vanguard Extended Market Index Fund 12.4 6 57 3.4 -2.6
VUSE Vident Core US Equity Fund 12.4 48 15 8.7 +2.7
EZM WisdomTree U.S. MidCap Earnings Fund 12.2 38 25 8.6 +2.6
JKJ iShares Morningstar Small-Cap ETF 12.0 25 38 6.3 +0.3
VFMO Vanguard U.S. Momentum Factor ETF 11.5 13 50 0.7 -5.3
KRE SPDR S&P Regional Banking ETF 11.5 35 28 10.4 +4.4
RWK Invesco S&P MidCap 400 Revenue ETF 11.3 39 24 7.9 +1.9
SMDY Syntax Stratified MidCap ETF 11.3 30 33 6.6 +0.6
RZG Invesco S&P Smallcap 600 Pure Growth ETF 11.2 35 28 5.7 -0.3
RZV Invesco S&P Smallcap 600 Pure Value ETF 10.4 35 28 8.0 +2.0
QABA First Trust NASDAQ ABA Community Bank Index Fund 10.3 60 3 10.3 +4.3
XSLV Invesco S&P SmallCap Low Volatility ETF 10.2 25 38 5.5 -0.5
VFLQ Vanguard U.S. Liquidity Factor ETF 9.4 14 49 4.1 -1.9
JSML Janus Henderson Small Cap Growth Alpha ETF 9.2 30 33 7.8 +1.8
CALF Pacer US Small Cap Cash Cows 100 ETF 8.9 59 4 8.8 +2.8
SPMD SPDR Portfolio Mid Cap ETF 8.9 5 58 6.4 +0.4
MDY SPDR S&P Midcap 400 ETF Trust 8.9 23 40 6.2 +0.2
VBK Vanguard Small-Cap Growth Index Fund 8.8 7 56 2.2 -3.8
IJH iShares Core S&P Mid-Cap ETF 8.8 5 58 6.4 +0.4
XSHQ Invesco S&P SmallCap Quality ETF 8.8 29 34 6.6 +0.6
KBE SPDR S&P Bank ETF 8.7 35 28 10.7 +4.7
IVOO Vanguard S&P Mid-Cap 400 ETF 8.6 10 53 6.2 +0.2
IWC iShares Micro-Cap ETF 8.2 60 3 -3.8 -9.8
PSCI Invesco S&P SmallCap Industrials ETF 8.0 29 34 6.3 +0.3
RFV Invesco S&P Midcap 400 Pure Value ETF 7.8 35 28 9.2 +3.2
AFMC First Trust Active Factor Mid Cap ETF 7.8 65 -2 6.2 +0.2

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:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.7 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 63 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 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.