First Trust Small Cap Core AlphaDEX Fund
ALTAR
Score™
9.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
13.0x P/Sales
ratio
0.5x
P/BV
ratio
0.9x Div.
yield
2.9%


  • 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 10, 2007
Assets (mns) $308
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 524
Wgt avg mkt cap (mns) $1,347
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 15.9%
Small cap (<$2bn) 84.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EHEALTH INC 0.7 %
ACCELERON PHARMA INC 0.7 %
GREEN DOT CORP-CLASS A 0.6 %
FRESHPET INC 0.5 %
INPHI CORP 0.5 %
WEIS MARKETS INC 0.5 %
B&G FOODS INC-CLASS A 0.5 %
WERNER ENTERPRISES INC 0.5 %
EMPLOYERS HOLDINGS INC 0.5 %
MARTEN TRANSPORT LTD 0.5 %
Total 5.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.6 %
BERMUDA 0.7 %
CAYMAN ISLANDS 0.6 %
PUERTO RICO 0.3 %
NETHERLANDS 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-36.7% -32.6% -3.2% 5.5% 3.0%

Market Correlations
versus... Beta R-squared
S&P500 1.42 83%
MSCI EAFE 1.33 71%
MSCI Emg. Mkts. 0.99 58%

Technical Indicators
Recent close $38.26
30d moving avg. $47.56
Annualized volatility 23.8%
Short interest (ETF) 0.0%
Short interest (Underlying) 6.6%
Relative strength (RSI) 30

Liquidity measures
Avg. volume (thou.) 117
Turnover 1.5%
Bid/Ask (% of price) 0.64%
ADV underlying (mns) $9,946

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™: 9.2%


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 53.4 72 -9 13.7 +4.5
RNSC Small Cap US Equity Select ETF 47.9 60 3 9.6 +0.4
CSA Victory CEMP US Small Cap Volatility Weighted Index ETF 46.5 35 28 11.7 +2.5
TPSC Timothy Plan US Small Cap Core ETF 43.7 52 11 11.1 +1.9
EES WisdomTree SmallCap Earnings Fund 43.1 38 25 19.4 +10.3
FYC First Trust Small Cap Growth AlphaDEX Fund 41.7 70 -7 3.8 -5.4
SLY SPDR S&P 600 Small Cap ETF 40.7 15 48 9.6 +0.4
IJR iShares Core S&P Small Cap ETF 40.7 7 56 9.7 +0.5
SPSM SPDR Portfolio Small Cap ETF 40.7 5 58 9.7 +0.6
VIOO Vanguard S&P Small-Cap 600 ETF 40.3 10 53 9.7 +0.5
ISMD Inspire Small/Mid Cap Impact ETF 40.1 61 2 7.7 -1.4
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 39.4 40 23 8.9 -0.3
DES WisdomTree U.S. SmallCap Dividend Fund 36.1 38 25 12.9 +3.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 33.6 29 34 8.6 -0.6
VTWO Vanguard Russell 2000 Index Fund 33.4 10 53 5.9 -3.3
IWM iShares Russell 2000 ETF 33.3 19 44 5.7 -3.5
VTWV Vanguard Russell 2000 Value Index Fund 33.1 15 48 10.6 +1.4
IWN iShares Russell 2000 Value ETF 32.9 24 39 10.4 +1.2
RWJ Invesco S&P SmallCap 600 Revenue ETF 32.1 39 24 9.8 +0.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 32.0 20 43 9.8 +0.6
PSC Principal U.S. Small Cap Index ETF 31.7 38 25 11.2 +2.0
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 31.5 39 24 8.8 -0.4
SLYV SPDR S&P 600 Small Cap Value ETF 31.3 15 48 12.4 +3.2
IJS iShares S&P Small-cap 600 Value ETF 31.2 25 38 12.2 +3.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 31.1 15 48 12.4 +3.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 30.4 39 24 6.4 -2.8
AFSM First Trust Active Factor Small Cap ETF 30.1 75 -12 10.7 +1.6
SLYG SPDR S&P 600 Small Cap Growth ETF 30.0 15 48 7.7 -1.5
IJT iShares S&P Small-Cap 600 Growth ETF 30.0 25 38 7.5 -1.6
VIOG Vanguard S&P Small-Cap 600 Growth ETF 30.0 16 47 7.6 -1.6
ROGS Hartford Multifactor Global Small Cap ETF 28.9 34 29 11.8 +2.6
VTWG Vanguard Russell 2000 Growth Index Fund 28.2 15 48 1.8 -7.3
IWO iShares Russell 2000 Growth ETF 28.1 24 39 1.6 -7.6
FNDA Schwab Fundamental U.S. Small Co. Index ETF 28.0 25 38 9.7 +0.5
AVUV Avantis U.S. Small Cap Value ETF 27.9 25 38 13.9 +4.8
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 27.3 24 39 11.1 +2.0
IUSS Invesco Strategic US Small Company ETF 27.1 23 40 9.0 -0.1
SCHA Schwab U.S. Small-Cap ETF 27.1 4 59 7.5 -1.6
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 26.3 29 34 0.0 -9.2
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 25.1 30 33 10.8 +1.6
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 25.0 35 28 9.2 +0.1
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 24.0 38 25 13.5 +4.3
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 23.9 29 34 12.7 +3.5
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 23.0 12 51 10.6 +1.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 21.9 6 57 7.8 -1.4
SCAP AdvisorShares Cornerstone Small Cap ETF 21.1 90 -27 8.1 -1.1
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 20.4 17 46 7.3 -1.9
VBR Vanguard Small Cap Value Index Fund 19.9 7 56 12.1 +3.0
JKJ iShares Morningstar Small-Cap ETF 18.7 25 38 9.1 -0.0
FAB First Trust Multi Cap Value AlphaDEX Fund 18.5 71 -8 13.4 +4.3
NUSC Nuveen ESG Small-Cap ETF 18.3 40 23 7.6 -1.5
DWAS Invesco DWA SmallCap Momentum ETF 17.9 60 3 1.1 -8.1
SQLV Legg Mason Small-Cap Quality Value 17.6 62 1 12.4 +3.2
RZG Invesco S&P Smallcap 600 Pure Growth ETF 17.3 35 28 9.9 +0.7
FSMD Fidelity Small-Mid Factor ETF 17.2 29 34 9.9 +0.7
CSML IQ Chaikin U.S. Small Cap ETF 17.2 35 28 13.5 +4.3
VB Vanguard Small-Cap ETF 16.8 5 58 8.2 -1.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 16.2 66 -3 4.3 -4.8
VFQY Vanguard U.S. Quality Factor ETF 15.8 13 50 8.7 -0.5
JKL iShares Morningstar Small Cap Value ETF 15.6 30 33 14.9 +5.8
VFMF Vanguard U.S. Multifactor ETF 15.1 18 45 11.1 +1.9
PSCF Invesco S&P SmallCap Financials ETF 14.6 29 34 15.2 +6.0
VUSE Vident Core US Equity Fund 14.4 48 15 11.0 +1.8
VXF Vanguard Extended Market Index Fund 14.4 7 56 6.0 -3.2
BUY USCF SummerHaven SHPEI Index Fund 14.0 80 -17 18.6 +9.4
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 13.5 20 43 7.8 -1.3
CSB Victory CEMP US Small Cap High Dividend Volatility Wtd Idx E 13.4 35 28 12.5 +3.3
VFVA Vanguard U.S. Value Factor ETF 13.3 13 50 16.6 +7.5
CSF Victory CEMP US Discovery Enhanced Volatility Weighted Idx E 13.1 35 28 11.0 +1.9
JSML Janus Henderson Small Cap Growth Alpha ETF 12.8 35 28 9.5 +0.3
VFMO Vanguard U.S. Momentum Factor ETF 12.6 13 50 4.8 -4.4
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 12.6 48 15 8.9 -0.3
XSVM Invesco S&P SmallCap Value with Momentum ETF 12.5 39 24 15.9 +6.7
XSHQ Invesco S&P SmallCap Quality ETF 12.2 29 34 8.1 -1.0
VBK Vanguard Small-Cap Growth Index Fund 12.2 7 56 4.0 -5.2
XSLV Invesco S&P SmallCap Low Volatility ETF 12.2 25 38 11.7 +2.5
PXSG Invesco S&P SmallCap Momentum ETF 12.0 39 24 7.5 -1.7
PSCI Invesco S&P SmallCap Industrials ETF 12.0 29 34 9.9 +0.7
JKK iShares Morningstar Small-Cap Growth ETF 11.7 30 33 2.3 -6.9
RZV Invesco S&P Smallcap 600 Pure Value ETF 11.2 35 28 13.5 +4.3
TUSA First Trust Total US Market AlphaDEX ETF 10.9 70 -7 9.5 +0.3
EWMC Invesco S&P MidCap 400 Equal Weight ETF 10.7 40 23 9.8 +0.6
BFOR Barron's 400 ETF 10.5 66 -3 9.3 +0.2
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 10.3 20 43 10.3 +1.1
VAMO Cambria Value & Momentum ETF 9.4 64 -1 9.1 -0.1
MDYV SPDR S&P 400 Mid Cap Value ETF 9.1 15 48 12.2 +3.0
VFLQ Vanguard U.S. Liquidity Factor ETF 9.1 13 50 5.6 -3.6
IJJ iShares S&P Mid-Cap 400 Value ETF 9.0 25 38 12.1 +2.9
IVOV Vanguard S&P Mid-Cap 400 Value ETF 9.0 15 48 12.3 +3.2
JHSC John Hancock Multifactor Small Cap ETF 8.8 50 13 8.7 -0.5
EZM WisdomTree U.S. MidCap Earnings Fund 8.7 38 25 13.9 +4.7
RWK Invesco S&P MidCap 400 Revenue ETF 8.5 39 24 11.7 +2.5
SMDY Syntax Stratified MidCap ETF 8.2 30 33 9.2 +0.0
CALF Pacer US Small Cap Cash Cows 100 ETF 8.0 59 4 18.7 +9.5
QABA First Trust NASDAQ ABA Community Bank Index Fund 7.9 60 3 13.9 +4.7
PSCT Invesco S&P SmallCap Information Technology ETF 7.8 29 34 7.8 -1.3
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 7.7 35 28 7.9 -1.2
AFMC First Trust Active Factor Mid Cap ETF 7.7 65 -2 9.7 +0.6
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 7.0 29 34 14.3 +5.1
RFV Invesco S&P Midcap 400 Pure Value ETF 6.9 35 28 16.6 +7.4

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 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 8.6 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 63 bp
Equals: ALTAR Score 9.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.