First Trust Horizon Managed Volatility Developed Intl ETF
ALTAR
Score™		 5.3% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 15.5x P/Sales
ratio		 1.3x
P/BV
ratio		 1.4x Div.
yield		 4.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust Horizons Managed Volatility Developed International ETF is an active fund of low expected volatility mid- and large-cap stocks from developed markets.

FUND BASICS
Category International Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Aug 24, 2016
Assets (mns) $17
Currency USD
Expense ratio 80 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 162
Wgt avg mkt cap (mns) $33,180
Large cap (>$10bn) 85.5%
Mid cap ($2-10bn) 14.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ASCENDAS REAL ESTATE INV TRT 2.2 %
TELSTRA CORPORATION LIMITED 2.1 %
CLP HOLDINGS LTD 2.0 %
HONG KONG & CHINA GAS 1.9 %
CAPITALAND INTEGRATED COMMERCIAL T 1.8 %
TRYG A/S 1.3 %
SOFTBANK CORP. 1.3 %
UNITED OVERSEAS BANK LTD 1.3 %
KLEPIERRE 1.3 %
OVERSEA-CHINESE BANKING CORP 1.1 %
Total 16.1 %

TOP COUNTRY EXPOSURE
JAPAN 15.6 %
SINGAPORE 9.2 %
FRANCE 8.8 %
AUSTRALIA 8.5 %
HONG KONG 8.3 %
BRITAIN 7.0 %
SWITZERLAND 6.9 %
GERMANY 5.7 %
SWEDEN 5.2 %
ITALY 4.8 %

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.
4.2% 19.1% 7.0% -- 5.3%

Market Correlations
versus... Beta R-squared
S&P500 0.33 23%
MSCI EAFE 0.62 69%
MSCI Emg. Mkts. 0.45 47%

Technical Indicators
Recent close $38.14
30d moving avg. $37.07
Annualized volatility 12.5%
Short interest (ETF) 0.2%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $6,540

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 394 potential alternatives to the First Trust Horizon Managed Volatility Developed Intl ETF ETF based on the alternatives' overlap in portfolio holdings with HDMV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: HDMV Expense: 80 bp ALTAR Score™: 5.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH HDMV
Ticker Fund
Name		 Overlap1
vs HDMV
(%)		 Expense
ratio
(bp)		 Savings
vs HDMV
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs HDMV
(%)
EFAV iShares MSCI EAFE Min Vol Factor ETF 36.9 22 58 5.5 +0.2
DWMF WisdomTree International Multifactor Fund 36.4 38 42 6.6 +1.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 25.6 32 48 5.2 -0.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 25.5 30 50 6.0 +0.7
DIVI Franklin International Core Dividend Tilt Index ETF 22.7 9 71 6.6 +1.3
CIL VictoryShares International Volatility Wtd ETF 22.7 45 35 5.8 +0.5
TPIF Timothy Plan International ETF 22.2 62 18 5.5 +0.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 21.8 9 71 7.5 +2.2
LVHI Franklin International Low Volatility High Dividend Index ET 21.8 40 40 7.4 +2.1
EFV iShares MSCI EAFE Value ETF 21.8 34 46 7.5 +2.2
JPIN J.P. Morgan Diversified Return International Equity ETF 20.3 37 43 7.0 +1.7
DWX SPDR S&P International Dividend ETF 20.0 45 35 6.6 +1.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 19.7 29 51 6.9 +1.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 19.7 25 55 6.3 +1.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 19.6 25 55 6.1 +0.8
DOL WisdomTree International LargeCap Dividend Fund 18.8 48 32 5.7 +0.4
DTH WisdomTree International High Dividend Fund 18.7 58 22 7.1 +1.8
AIVI WisdomTree International AI Enhanced Value Fund 18.6 58 22 6.1 +0.8
VWID Virtus WMC International Dividend ETF 18.2 49 31 7.2 +1.9
ESGD iShares ESG Aware MSCI EAFE ETF 18.2 20 60 5.8 +0.5
HFXI IQ FTSE International Equity Currency Neutral ETF 17.7 20 60 5.8 +0.5
EFA iShares MSCI EAFE ETF 17.6 35 45 5.7 +0.4
CEFA Global X S&P Catholic Values Developed ex-US ETF 17.6 35 45 5.7 +0.4
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 17.2 20 60 5.6 +0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 17.1 36 44 5.4 +0.1
DIM WisdomTree International MidCap Dividend Fund 17.1 58 22 6.1 +0.8
JHMD John Hancock Multifactor Developed International ETF 17.0 39 41 6.1 +0.8
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 16.8 12 68 5.3 0.0
DMXF iShares ESG Advanced MSCI EAFE ETF 16.6 12 68 5.0 -0.3
GSID Goldman Sachs MarketBeta International Equity ETF 16.5 20 60 5.9 +0.6
FDEV Fidelity International Multifactor ETF 16.5 18 62 7.0 +1.7
DWM WisdomTree International Equity Fund 16.2 48 32 5.6 +0.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 16.1 40 40 5.6 +0.3
IEV iShares Europe ETF 16.0 67 13 5.8 +0.5
EFAS Global X MSCI SuperDividend EAFE ETF 15.9 57 23 7.2 +1.9
IQSI IQ Candriam International Equity ETF 15.8 15 65 5.6 +0.3
VYMI Vanguard International High Dividend Yield ETF 15.8 17 63 8.0 +2.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 15.8 46 34 5.6 +0.3
FLEE Franklin FTSE Europe ETF 15.7 9 71 6.2 +0.9
BBEU JPMorgan BetaBuilders Europe ETF 15.6 9 71 6.2 +0.9
IMFL Invesco International Developed Dynamic Multifactor ETF 15.5 34 46 5.2 -0.1
IQLT iShares MSCI Intl Quality Factor ETF 15.5 30 50 5.4 +0.1
IEFA iShares Core MSCI EAFE ETF 15.5 7 73 6.0 +0.7
JIRE JPMorgan International Research Enhanced Equity ETF 15.4 24 56 5.8 +0.5
EPP iShares MSCI Pacific ex-Japan ETF 15.3 47 33 4.8 -0.5
IEUR iShares Core MSCI Europe ETF 15.3 11 69 6.3 +1.0
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 15.2 19 61 5.2 -0.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 15.0 14 66 5.4 +0.1
SPEU SPDR Portfolio Europe ETF 15.0 7 73 6.4 +1.1
BKIE BNY Mellon International Equity ETF 14.8 4 76 6.0 +0.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 14.8 45 35 6.9 +1.6
STXI Strive International Developed Markets ETF 14.7 29 51 6.2 +0.9
VGK Vanguard FTSE Europe ETF 14.6 6 74 6.5 +1.2
IVSI Applied Finance IVS International LrgETF 14.3 65 15 6.0 +0.7
RFDI First Trust Riverfront Dynamic Developed International ETF 14.3 83 -3 7.6 +2.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 14.3 24 56 6.8 +1.5
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 14.1 20 60 5.6 +0.3
FENI Fidelity Enhanced International ETF 14.0 28 52 5.8 +0.5
IDEV iShares Core MSCI International Developed Markets ETF 13.9 4 76 6.0 +0.7
JIVE JPMorgan International Value ETF 13.8 55 25 8.4 +3.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 13.7 39 41 6.1 +0.8
EZU iShares MSCI Eurozone ETF 13.6 52 28 5.6 +0.3
IVLU iShares MSCI Intl Value Factor ETF 13.4 30 50 8.1 +2.8
SCHF Schwab International Equity ETF 13.4 6 74 6.1 +0.8
FNDF Schwab Fundamental International Large Co. Index ETF 13.3 25 55 7.5 +2.2
SPDW SPDR Portfolio Developed World ex-US ETF 13.3 3 77 5.9 +0.6
SCHY Schwab International Dividend Equity ETF 13.3 14 66 8.2 +2.9
DFAI Dimensional International Core Equity Market ETF 13.2 18 62 6.0 +0.7
DFIV Dimensional International Value ETF 13.2 27 53 7.7 +2.4
UIVM VictoryShares International Value Momentum ETF 13.0 35 45 8.2 +2.9
FIDI Fidelity International High Dividend ETF 13.0 18 62 7.0 +1.7
WWJD Inspire International ETF 12.9 80 0 6.2 +0.9
VEA Vanguard FTSE Developed Markets ETF 12.8 3 77 6.0 +0.7
GCOW Pacer Global Cash Cows Dividend ETF 12.7 60 20 9.0 +3.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 12.5 45 35 5.7 +0.4
NUDM Nuveen ESG International Developed Markets Equity ETF 12.4 31 49 5.6 +0.3
PPIE Putnam PanAgora ESG International Equity ETF 12.4 49 31 6.4 +1.1
RCGE RockCreek Global Equality ETF 12.3 95 -15 6.1 +0.8
IGRO iShares International Dividend Growth ETF 12.2 15 65 6.7 +1.4
CWI SPDR MSCI ACWI ex-US ETF 12.1 30 50 6.5 +1.2
IPAC iShares Core MSCI Pacific ETF 12.0 9 71 5.5 +0.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 11.8 56 24 9.8 +4.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 11.7 41 39 6.2 +0.9
ACWX iShares MSCI ACWI ex U.S. ETF 11.4 34 46 6.4 +1.1
AVSD Avantis Responsible International Equity ETF 11.3 23 57 6.0 +0.7
AVDE Avantis International Equity ETF 11.2 23 57 6.1 +0.8
INTF iShares International Equity Factor ETF 11.2 15 65 6.4 +1.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 11.2 25 55 5.6 +0.3
EWJV iShares MSCI Japan Value ETF 11.2 15 65 7.0 +1.7
FID First Trust S&P International Dividend Aristocrats ETF 11.1 60 20 7.9 +2.6
INEQ Columbia International Equity Income ETF 11.1 45 35 7.5 +2.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 10.8 18 62 6.5 +1.2
EUFN iShares MSCI Europe Financials ETF 10.8 51 29 7.1 +1.8
IDV iShares International Select Dividend ETF 10.7 51 29 8.9 +3.6
WDIV SPDR S&P Global Dividend ETF 10.7 40 40 9.2 +3.9
VEU Vanguard FTSE All-World ex-US Index Fund 10.5 4 76 6.8 +1.5
FIVA Fidelity International Value Factor ETF 10.3 18 62 7.5 +2.2
DFIC Dimensional International Core Equity 2 ETF 10.2 23 57 6.2 +0.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 10.2 39 41 7.0 +1.7
AVIV Avantis International Large Cap Value ETF 10.2 25 55 6.8 +1.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 10.1 25 55 5.6 +0.3
DIHP Dimensional International High Profitability ETF 10.1 29 51 5.7 +0.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 10.0 50 30 5.7 +0.4
IXUS iShares Core MSCI Total International Stock ETF 10.0 7 73 6.7 +1.4
VPL Vanguard FTSE Pacific ETF 10.0 7 73 5.5 +0.2
VXUS Vanguard Total International Stock ETF 9.9 5 75 6.7 +1.4
DFSI Dimensional International Sustainability Core 1 ETF 9.9 24 56 5.6 +0.3
JHID John Hancock International High Dividend ETF 9.8 46 34 7.9 +2.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 9.7 47 33 4.9 -0.4
DEW WisdomTree Global High Dividend Fund 9.7 58 22 7.3 +2.0
FRGN Horizon International Equity ETF 9.7 75 5 8.2 +2.9
FICS First Trust International Developed Capital Strength ETF 9.5 70 10 6.7 +1.4
EWS iShares MSCI Singapore ETF 9.2 50 30 4.1 -1.2
ACWV iShares MSCI Global Min Vol Factor ETF 9.2 20 60 5.7 +0.4
IMTM iShares MSCI Intl Momentum Factor ETF 9.1 30 50 4.7 -0.7
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 9.0 58 22 7.2 +1.9
QWLD SPDR MSCI World StrategicFactors ETF 8.9 30 50 5.2 -0.1
BBJP JPMorgan BetaBuilders Japan ETF 8.8 19 61 5.4 +0.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 8.8 12 68 8.2 +2.9
IQDF FlexShares International Quality Dividend Index Fund 8.6 47 33 7.7 +2.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 8.6 10 70 8.1 +2.8
IDMO Invesco S&P International Developed Momentum ETF 8.6 25 55 5.1 -0.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 8.6 47 33 4.8 -0.5
IFGL iShares International Developed Real Estate ETF 8.5 48 32 7.0 +1.7
JPXN iShares JPX-Nikkei 400 ETF 8.5 48 32 5.5 +0.2
VSGX Vanguard ESG International Stock ETF 8.5 10 70 6.8 +1.5
EWJ iShares MSCI Japan ETF 8.5 50 30 5.1 -0.3
DXIV Dimensional International Vector Equity ETF 8.4 34 46 6.5 +1.2
IQRA IQ CBRE Real Assets ETF 8.4 65 15 5.7 +0.4
EWH iShares MSCI Hong Kong ETF 8.3 50 30 4.9 -0.4
VIDI Vident International Equity Strategy ETF 8.2 61 19 8.4 +3.1
QINT American Century Quality Diversified International ETF 8.1 39 41 6.6 +1.3
FEUZ First Trust Eurozone AlphaDEX ETF 8.1 80 0 6.4 +1.1
FEP First Trust Europe AlphaDEX Fund 8.1 80 0 6.7 +1.4
DVYA iShares Asia/Pacific Dividend ETF 8.0 49 31 6.8 +1.5
FLJP Franklin FTSE Japan ETF 7.8 9 71 5.5 +0.2
IDHQ Invesco S&P International Developed High Quality ETF 7.8 29 51 5.5 +0.2
TTAI FCF International Quality ETF 7.7 59 21 6.6 +1.3
FLJH Franklin FTSE Japan Hedged ETF 7.7 9 71 5.3 -0.0
EFG iShares MSCI EAFE Growth ETF 7.6 36 44 3.8 -1.5
IXG iShares Global Financials ETF 7.6 42 38 6.4 +1.1
RWX SPDR Dow Jones International Real Estate ETF 7.3 59 21 6.9 +1.6
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 7.3 46 34 4.9 -0.4
HEDJ WisdomTree Europe Hedged Equity Fund 7.1 58 22 6.0 +0.7
FEOE First Eagle Overseas Equity ETF 7.1 79 1 6.2 +0.9
ASEA Global X FTSE Southeast Asia ETF 6.9 65 15 5.4 +0.1
FEZ SPDR EURO STOXX 50 ETF 6.9 29 51 5.8 +0.5
DGT State Street SPDR Global Dow ETF 6.9 50 30 5.9 +0.6
BLES Inspire Global Hope ETF 6.9 61 19 5.9 +0.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.8 30 50 6.4 +1.1
KXI iShares Global Consumer Staples ETF 6.8 41 39 5.2 -0.1
JXI iShares Global Utilities ETF 6.7 43 37 4.8 -0.5
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 6.7 65 15 4.1 -1.3
FLAU Franklin FTSE Australia ETF 6.5 9 71 5.6 +0.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 6.5 65 15 7.8 +2.5
IXP iShares Global Comm Services ETF 6.5 42 38 5.6 +0.3
KLMT Invesco MSCI Global Climate 500 ETF 6.5 10 70 5.2 -0.1
EUDV ProShares MSCI Europe Dividend Growers ETF 6.4 55 25 5.6 +0.3
EWA iShares MSCI Australia ETF 6.3 50 30 5.0 -0.3
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 6.3 80 0 3.4 -1.9
FYLD Cambria Foreign Shareholder Yield ETF 6.2 59 21 10.1 +4.8
CGDG Capital Group Dividend Growers ETF 6.2 47 33 5.1 -0.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 5.9 58 22 5.4 +0.1
IQDG WisdomTree International Quality Dividend Growth Fund 5.9 42 38 5.7 +0.4
FLSW Franklin FTSE Switzerland ETF 5.9 9 71 5.7 +0.4
EWL iShares MSCI Switzerland ETF 5.8 50 30 5.5 +0.2
ESGG FlexShares STOXX Global ESG Select Index Fund 5.7 42 38 4.4 -0.9
JIG JPMorgan International Growth ETF 5.7 55 25 3.6 -1.7
GVAL Cambria Global Value ETF 5.7 68 12 8.8 +3.5
EWQ iShares MSCI France ETF 5.6 53 27 6.4 +1.1
NXTG First Trust Indxx NextG ETF 5.5 70 10 4.4 -0.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 5.4 65 15 7.7 +2.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 5.4 12 68 4.6 -0.7
EWG iShares MSCI Germany ETF 5.3 50 30 5.9 +0.6
GEW Cambria Global EW ETF 5.3 29 51 5.5 +0.2
URTH iShares MSCI World ETF 5.2 24 56 4.5 -0.8
EUDG WisdomTree Europe Quality Dividend Growth Fund 5.2 58 22 6.3 +1.0
EWD iShares MSCI Sweden ETF 5.2 54 26 4.9 -0.4
ERET iShares Environmentally Aware Real Estate ETF 5.2 30 50 6.8 +1.5
CGIE Capital Group International Equity ETF 5.1 54 26 4.6 -0.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 5.1 80 0 6.7 +1.4
FDD First Trust Stoxx European Select Dividend Index Fund 5.1 58 22 9.9 +4.6
IPKW Invesco International BuyBack Achievers ETF 5.0 55 25 8.0 +2.7
FJP First Trust Japan AlphaDEX Fund 5.0 80 0 7.3 +2.0
EWN iShares MSCI Netherlands ETF 4.9 50 30 4.7 -0.6
TOK iShares MSCI Kokusai ETF 4.9 26 54 4.5 -0.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.9 20 60 5.0 -0.3
FLGR Franklin FTSE Germany ETF 4.9 9 71 6.5 +1.2
EWI iShares MSCI Italy ETF 4.8 50 30 10.4 +5.1
ACWI iShares MSCI ACWI ETF 4.6 32 48 4.9 -0.4
CZAR Themes Natural Monopoly ETF 4.6 35 45 5.4 +0.1
RWO SPDR Dow Jones Global Real Estate ETF 4.6 50 30 6.4 +1.1
KOKU Xtrackers MSCI Kokusai Equity ETF 4.6 9 71 4.6 -0.7
SDG iShares MSCI Global Sustainable Development Goals ETF 4.5 49 31 4.6 -0.7
DAX Global X DAX Germany ETF 4.5 21 59 6.2 +0.9
BKCI BNY Mellon Concentrated International ETF 4.4 80 0 4.9 -0.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 4.4 9 71 5.1 -0.3
BINV Brandes International ETF 4.4 70 10 8.4 +3.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.4 47 33 7.5 +2.2
GII SPDR S&P Global Infrastructure ETF 4.3 40 40 4.1 -1.3
IGF iShares Global Infrastructure ETF 4.3 41 39 4.1 -1.3
FLGB Franklin FTSE United Kingdom ETF 4.3 9 71 6.6 +1.3
VGSR Vert Global Sustainable Real Estate ETF 4.2 47 33 7.2 +1.9
DSTX Distillate International Fundamental Stability & Value ETF 4.2 55 25 6.5 +1.2
VIGI Vanguard International Dividend Appreciation ETF 4.2 10 70 6.1 +0.8
DXJ WisdomTree Japan Hedged Equity Fund 4.2 48 32 5.4 +0.1
UMMA Wahed Dow Jones Islamic World ETF 4.2 65 15 3.9 -1.4
MOTG VanEck Morningstar Global Wide Moat ETF 4.1 52 28 7.7 +2.4
KNO AXS Knowledge Leaders ETF 4.1 78 2 4.5 -0.8
AVRE Avantis Real Estate ETF 4.1 17 63 6.8 +1.5
OCEN IQ Clean Oceans ETF 4.1 45 35 4.5 -0.8
FEGE First Eagle Global Equity ETF 4.0 79 1 6.1 +0.8
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 4.0 80 0 7.6 +2.3
PATN Pacer Nasdaq International Patent Leaders ETF 4.0 65 15 4.7 -0.6
VT Vanguard Total World Stock ETF 4.0 6 74 5.2 -0.1
GQRE FlexShares Global Quality Real Estate Index Fund 4.0 45 35 7.3 +2.0
EWU iShares MSCI United Kingdom ETF 3.9 50 30 6.9 +1.6
KOCG FIS Knights of Columbus Global Belief ETF 3.9 75 5 4.4 -0.9
IOO iShares Global 100 ETF 3.8 41 39 4.1 -1.2
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.7 78 2 10.0 +4.7
IDOG ALPS International Sector Dividend Dogs ETF 3.7 50 30 9.1 +3.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 3.7 70 10 7.5 +2.2
FGM First Trust Germany AlphaDEX Fund 3.7 80 0 4.8 -0.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 3.6 58 22 3.5 -1.8
ICPY Tweedy, Browne International Insider Value ETF 3.6 80 0 21.9 +16.6
AIA iShares Asia 50 ETF 3.6 50 30 8.9 +3.6
GLOF iShares Global Equity Factor ETF 3.6 20 60 5.8 +0.5
REET iShares Global REIT ETF 3.5 14 66 7.1 +1.8
EWP iShares MSCI Spain ETF 3.4 50 30 5.9 +0.6
PIEL Pacer International Export Leaders ETF 3.4 60 20 4.3 -1.0
FLAX Franklin FTSE Asia Ex Japan ETF 3.3 19 61 7.6 +2.3
DFGR Dimensional Global Real Estate ETF 3.3 22 58 7.1 +1.8
JSTC Adasina Social Justice All Cap Global ETF 3.2 89 -9 4.7 -0.6
AGQI First Trust Active Global Quality Income ETF 3.2 85 -5 6.5 +1.2
CCNR ALPS CoreCommodity Natural Resources ETF 3.2 39 41 7.9 +2.6
COPY Tweedy, Browne Insider + Value ETF 3.2 80 0 15.3 +10.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.1 46 34 7.2 +1.9
FSZ First Trust Switzerland AlphaDEX Fund 3.1 80 0 5.1 -0.2
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 3.0 60 20 3.4 -1.9
CLNR IQ Cleaner Transport ETF 2.9 45 35 3.9 -1.4
EXI iShares Global Industrials ETF 2.9 42 38 3.5 -1.8
GLBL Pacer MSCI World Industry Advantage ETF 2.9 65 15 3.7 -1.6
OEFA ALPS O’Shares International Developed Quality Dividend ETF 2.9 48 32 4.6 -0.7
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.8 70 10 3.9 -1.4
GNR SPDR S&P Global Natural Resources ETF 2.8 40 40 8.0 +2.7
RGEF Rockefeller Global Equity ETF 2.7 55 25 4.0 -1.3
DTAN Sparkline International Intangible Value ETF 2.7 55 25 7.3 +2.0
FKU First Trust United Kingdom AlphaDEX Fund 2.7 80 0 7.1 +1.8
ISCF iShares International SmallCap Equity Factor ETF 2.7 23 57 7.2 +1.9
ERTH Invesco MSCI Sustainable Future ETF 2.6 62 18 3.0 -2.3
CGW Invesco S&P Global Water Index ETF 2.5 57 23 4.2 -1.1
EBLU Ecofin Global Water ESG Fund 2.5 40 40 4.3 -1.0
PIO Invesco Global Water ETF 2.5 75 5 4.1 -1.2
TBLU Tortoise Global Water ESG ETF 2.5 40 40 4.2 -1.1
FNDC Schwab Fundamental International Small Co. Index ETF 2.5 39 41 6.7 +1.4
EWK iShares MSCI Belgium ETF 2.5 50 30 3.9 -1.4
KNCT Invesco Next Gen Connectivity ETF 2.4 40 40 3.8 -1.5
ITOL Tema International Durable Quality ETF 2.3 60 20 5.0 -0.3
WLDR Affinity World Leaders Equity ETF 2.3 67 13 6.5 +1.2
AQLT iShares MSCI Global Quality Factor ETF 2.3 18 62 0.0 -5.3
IVAL Alpha Architect International Quantitative Value ETF 2.3 49 31 7.5 +2.2
EFRA iShares Environmental Infrastructure and Industrials ETF 2.3 47 33 4.7 -0.6
POW VistaShares Electrification Supercycle ETF 2.2 75 5 2.2 -3.1
INFL Horizon Kinetics Inflation Beneficiaries ETF 2.2 85 -5 2.7 -2.6
ENOR iShares MSCI Norway ETF 2.1 53 27 7.3 +2.0
NORW Global X MSCI Norway ETF 2.1 50 30 7.3 +2.0
CRTC Xtrackers US National Critical Technologies ETF 2.1 35 45 4.3 -1.0
DFIS Dimensional International Small Cap ETF 2.1 39 41 6.1 +0.8
DISV Dimensional International Small Cap Value ETF 2.1 42 38 8.1 +2.8
EDEN iShares MSCI Denmark ETF 2.0 53 27 6.4 +1.1
OBOR KraneShares MSCI One Belt One Road Index ETF 1.9 79 1 6.9 +1.6
QTUM Defiance Quantum ETF 1.9 40 40 4.7 -0.6
IXC iShares Global Energy ETF 1.8 44 36 7.2 +1.9
XT iShares Exponential Technologies ETF 1.8 46 34 4.3 -1.0
IXJ iShares Global Healthcare ETF 1.8 42 38 6.2 +0.9
SMOG VanEck Low Carbon Energy ETF 1.8 61 19 1.2 -4.1
WTRE WisdomTree New Economy Real Estate Fund 1.8 58 22 -0.3 -5.6
HAP VanEck Natural Resources ETF 1.8 50 30 6.4 +1.1
OAIM OneAscent International Equity ETF 1.7 95 -15 4.6 -0.7
JGLO JPMorgan Global Select Equity ETF 1.7 33 47 4.4 -0.9
SAGP Strategas Global Policy Opportunities ETF 1.7 65 15 4.8 -0.5
ENZL iShares MSCI New Zealand ETF 1.7 50 30 3.9 -1.4
DFNL Davis Select Financial ETF 1.6 63 17 7.5 +2.2
FDFF Fidelity Disruptive Finance ETF 1.6 50 30 5.6 +0.3
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 1.5 58 22 5.3 -0.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.5 49 31 6.0 +0.7
ICLN iShares Global Clean Energy ETF 1.5 41 39 1.9 -3.4
CGGO Capital Group Global Growth Equity ETF 1.5 47 33 4.4 -0.9
WRND IQ Global Equity R&D Leaders ETF 1.4 18 62 4.2 -1.1
DIVS SmartETFs Dividend Builder ETF 1.4 65 15 4.5 -0.8
AQWA Global X Clean Water ETF 1.4 50 30 4.6 -0.7
FTRI First Trust Indxx Global Natural Resources Income ETF 1.4 70 10 6.0 +0.7
BCDF Horizon Kinetics Blockchain Development ETF 1.3 85 -5 3.7 -1.6
MOTI VanEck Morningstar International Moat ETF 1.3 58 22 9.7 +4.4
JETS U.S. Global Jets ETF 1.3 60 20 2.7 -2.6
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.2 45 35 -0.9 -6.2
RITA ETFB Green SRI REITs ETF 1.2 50 30 5.6 +0.3
VCLN Virtus Duff & Phelps Clean Energy ETF 1.2 59 21 2.5 -2.8
AIRL Themes Airlines ETF 1.1 35 45 1.6 -3.7
GINN Goldman Sachs Innovate Equity ETF 1.1 52 28 4.0 -1.3
MDEV First Trust Indxx Medical Devices ETF 1.1 70 10 4.8 -0.5
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.1 35 45 3.9 -1.4
MXI iShares Global Materials ETF 1.1 41 39 5.7 +0.4
BYRE Principal Real Estate Active Opportunities ETF 1.1 65 15 7.2 +1.9
BITQ Bitwise Crypto Industry Innovators ETF 1.0 85 -5 -2.4 -7.7
BLOK Amplify Transformational Data Sharing ETF 1.0 75 5 -0.1 -5.4
DINT Davis Select International ETF 1.0 55 25 6.2 +0.9
RXI iShares Global Consumer Discretionary ETF 1.0 41 39 8.0 +2.7
WDNA WisdomTree BioRevolution Fund 1.0 45 35 -2.3 -7.6
RNRG Global X Renewable Energy Producers ETF 1.0 66 14 4.2 -1.1
FTAG First Trust Indxx Global Agriculture ETF 1.0 70 10 6.7 +1.4
MOO VanEck Agribusiness ETF 1.0 53 27 8.4 +3.1
VEGI iShares MSCI Agriculture Producers ETF 1.0 39 41 7.2 +1.9
FAN First Trust Global Wind Energy ETF 1.0 60 20 2.6 -2.7
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 1.0 79 1 3.9 -1.4
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 1.0 75 5 5.7 +0.4
TOLL Tema Durable Quality ETF 1.0 75 5 4.1 -1.2
FDRR Fidelity Dividend ETF for Rising Rates 1.0 15 65 6.1 +0.8
OSEA Harbor International Compounders ETF 0.9 55 25 4.1 -1.2
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.9 68 12 0.7 -4.6
CGXU Capital Group International Focus Equity ETF 0.9 54 26 4.0 -1.3
IBAT iShares Energy Storage & Materials ETF 0.9 47 33 1.8 -3.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.9 42 38 4.1 -1.2
FVD First Trust Value Line Dividend Index Fund 0.9 65 15 5.6 +0.3
HART IQ Healthy Hearts ETF 0.8 45 35 5.7 +0.4
AKAF The Frontier Economic Fund 0.8 20 60 5.2 -0.1
IPAV Global X Infrastructure Development ex-U.S. ETF 0.8 55 25 5.7 +0.4
SHPP Pacer Industrials and Logistics ETF 0.8 60 20 7.1 +1.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.8 95 -15 10.4 +5.1
EVX VanEck Environmental Services ETF 0.7 55 25 3.9 -1.4
RAYJ Rayliant SMDAM Japan Equity ETF 0.7 72 8 3.1 -2.2
FDVV Fidelity High Dividend ETF 0.6 15 65 7.0 +1.7
FPXI First Trust International Equity Opportunities ETF 0.6 70 10 4.0 -1.3
BETZ Roundhill Sports Betting & iGaming ETF 0.6 75 5 3.6 -1.7
DIVY Sound Equity Dividend Income ETF 0.6 45 35 8.2 +2.9
NDIV Amplify Natural Resources Dividend Income ETF 0.6 59 21 10.9 +5.6
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 0.6 49 31 7.9 +2.6
GINX SGI Enhanced Global Income ETF 0.6 98 -18 6.7 +1.4
TIIV AAM Todd International Intrinsic Value ETF 0.6 54 26 9.6 +4.3
FPAG FPA Global Equity ETF 0.6 49 31 6.0 +0.7
SRET Global X SuperDividend REIT ETF 0.6 59 21 12.6 +7.3
EIPX FT Energy Income Partners Strategy ETF 0.5 95 -15 5.7 +0.4
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 0.5 60 20 4.1 -1.2
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.5 20 60 4.5 -0.8
QQLV Invesco QQQ Low Volatility ETF 0.5 25 55 4.2 -1.1
IDNA iShares Genomics Immunology and Healthcare ETF 0.5 47 33 -0.3 -5.6
CGV Conductor Global Equity Value ETF 0.5 130 -50 7.4 +2.1
PBD Invesco Global Clean Energy ETF 0.5 75 5 0.3 -5.0
IMOM Alpha Architect International Quantitative Momentum ETF 0.5 49 31 4.1 -1.2
AZTD Aztlan Global Stock Selection DM SMID ETF 0.5 75 5 4.2 -1.1
BMED Future Health ETF 0.5 85 -5 1.2 -4.1
CANC Tema Oncology ETF 0.5 75 5 -2.4 -7.7
HRTS Tema Heart & Health ETF 0.5 75 5 2.9 -2.4
JDOC JPMorgan Healthcare Leaders ETF 0.5 65 15 3.5 -1.8
ION ProShares S&P Global Core Battery Metals ETF 0.5 58 22 5.1 -0.2
SDIV Global X Superdividend ETF 0.5 58 22 13.0 +7.7
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.4 61 19 1.5 -3.8
PAWZ ProShares Pet Care ETF 0.4 50 30 3.9 -1.4
MEM Matthews Emerging Markets Equity Active ETF 0.4 79 1 9.0 +3.7
ANEW ProShares MSCI Transformational Changes ETF 0.4 45 35 4.7 -0.6
EIRL iShares MSCI Ireland ETF 0.4 50 30 7.4 +2.1
TMFG Motley Fool Global Opportunities ETF 0.4 85 -5 3.9 -1.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.4 50 30 8.6 +3.3
ROBO ROBO Global Robotics & Automation Index ETF 0.4 95 -15 2.7 -2.6
FDHT Fidelity Digital Health ETF 0.3 39 41 1.7 -3.6
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.3 68 12 2.6 -2.7
PCGG Polen Capital Global Growth ETF 0.3 85 -5 4.0 -1.3
TINY ProShares Nanotechnology ETF 0.3 58 22 1.5 -3.8
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 55 9.4 +4.1
BOAT SonicShares Global Shipping ETF 0.3 69 11 21.2 +15.9
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 60 3.5 -1.8
EIPI FT Energy Income Partners Enhanced Income ETF 0.3 110 -30 5.2 -0.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 41 13.7 +8.4
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 31 13.5 +8.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 59 3.1 -2.2
QQQ Invesco QQQ Trust Series I 0.2 20 60 3.5 -1.8
QQQM Invesco NASDAQ 100 ETF 0.2 15 65 3.6 -1.7
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 41 8.0 +2.7
SLX VanEck Steel ETF 0.2 56 24 10.9 +5.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 44 8.0 +2.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 65 8.4 +3.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 69 8.3 +3.0
QUVU Hartford Quality Value ETF 0.2 46 34 5.8 +0.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 65 9.3 +4.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 21 8.8 +3.5
IXN iShares Global Tech ETF 0.1 41 39 3.3 -2.0
AVDV Avantis International Small Cap Value ETF 0.1 36 44 7.7 +2.4
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 48 4.2 -1.1
ISHP First Trust Nasdaq Retail ETF 0.1 60 20 5.3 +0.0
SUPL ProShares Supply Chain Logistics ETF 0.1 58 22 7.8 +2.5
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 45 4.6 -0.7
RVRB Reverb ETF 0.0 30 50 4.0 -1.3
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 46 6.0 +0.7
WSGE Warren Street Global Equity ETF 0.0 80 0 3.0 -2.4

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%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
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 Horizon Managed Volatility Developed Intl ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.4 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 5.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.70 CATEGORY
AVERAGE		 1.64
 
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.