First Trust Horizon Managed Volatility Developed Intl ETF
ALTAR
Score™		 5.4% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 14.9x P/Sales
ratio		 1.1x
P/BV
ratio		 1.7x Div.
yield		 4.2%


  • 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) $32
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 158
Wgt avg mkt cap (mns) $41,625
Large cap (>$10bn) 76.6%
Mid cap ($2-10bn) 23.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ZURICH FINANCIAL SERVICES AG 2.2 %
DEUTSCHE TELEKOM AG 2.2 %
LONDON STOCK EXCHANGE GROUP 2.1 %
UNITED OVERSEAS BANK LTD 1.9 %
DANONE 1.9 %
ROYAL KPN NV 1.9 %
OVERSEA-CHINESE BANKING CORP 1.8 %
SWISSCOM AG 1.8 %
SWISS PRIME SITE-REG 1.6 %
UNILEVER PLC 1.4 %
Total 19.0 %

TOP COUNTRY EXPOSURE
JAPAN 15.5 %
BRITAIN 12.5 %
SWITZERLAND 12.5 %
SINGAPORE 10.0 %
GERMANY 8.4 %
FRANCE 7.8 %
NETHERLANDS 6.5 %
AUSTRALIA 6.4 %
ITALY 4.5 %
SPAIN 4.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
7.1% 17.1% 0.7% -- 3.3%

Market Correlations
versus... Beta R-squared
S&P500 0.57 53%
MSCI EAFE 0.71 84%
MSCI Emg. Mkts. 0.62 64%

Technical Indicators
Recent close $30.00
30d moving avg. $30.93
Annualized volatility 13.6%
Short interest (ETF) 0.2%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.8%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $8,085

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 428 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™: 5.4%


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
(%)
IDLV Invesco S&P International Developed Low Volatility ETF 48.6 25 55 6.1 +0.7
EFAV iShares MSCI EAFE Min Vol Factor ETF 42.1 22 58 6.4 +1.0
DWMF WisdomTree International Multifactor Fund 37.8 38 42 7.3 +1.9
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 30.5 32 48 5.8 +0.4
QEFA SPDR MSCI EAFE StrategicFactors ETF 30.3 30 50 7.0 +1.6
DOL WisdomTree International LargeCap Dividend Fund 27.2 48 32 7.7 +2.3
CIL VictoryShares International Volatility Wtd ETF 26.7 45 35 6.8 +1.4
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 26.5 51 29 6.8 +1.4
EFV iShares MSCI EAFE Value ETF 26.2 34 46 9.3 +3.9
TPIF Timothy Plan International ETF 25.6 62 18 6.6 +1.2
CID VictoryShares International High Div Volatility Wtd ETF 25.2 45 35 9.5 +4.1
LVHI Franklin International Low Volatility High Dividend Index ET 25.1 40 40 10.1 +4.7
DWX SPDR S&P International Dividend ETF 25.1 45 35 6.3 +0.9
DWM WisdomTree International Equity Fund 24.7 48 32 7.8 +2.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 24.7 40 40 7.8 +2.4
DIVI Franklin International Core Dividend Tilt Index ETF 24.3 9 71 7.9 +2.5
ESGD iShares ESG Aware MSCI EAFE ETF 23.9 20 60 6.7 +1.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 23.9 29 51 8.4 +3.0
DTH WisdomTree International High Dividend Fund 23.8 58 22 10.0 +4.6
JHMD John Hancock Multifactor Developed International ETF 23.7 39 41 7.6 +2.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 23.5 9 71 9.7 +4.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 23.2 25 55 6.9 +1.5
EFA iShares MSCI EAFE ETF 23.1 35 45 6.7 +1.3
JPIN J.P. Morgan Diversified Return International Equity ETF 22.7 37 43 8.6 +3.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 22.6 20 60 6.3 +0.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 22.5 35 45 6.4 +1.0
IEV iShares Europe ETF 22.4 67 13 6.4 +0.9
IQSI IQ Candriam International Equity ETF 22.3 15 65 6.4 +1.0
DMXF iShares ESG Advanced MSCI EAFE ETF 21.8 12 68 5.3 -0.1
IQLT iShares MSCI Intl Quality Factor ETF 21.7 30 50 6.0 +0.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 21.4 36 44 6.5 +1.1
GSID Goldman Sachs MarketBeta International Equity ETF 21.2 20 60 6.8 +1.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 21.0 25 55 7.0 +1.6
BBEU JPMorgan BetaBuilders Europe ETF 20.9 9 71 6.9 +1.5
HFXI IQ FTSE International Equity Currency Neutral ETF 20.8 20 60 7.0 +1.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 20.7 46 34 6.4 +1.0
IEUR iShares Core MSCI Europe ETF 20.7 11 69 6.8 +1.4
IQIN IQ 500 International ETF 20.6 25 55 9.1 +3.7
IEFA iShares Core MSCI EAFE ETF 20.3 7 73 6.9 +1.5
SPEU SPDR Portfolio Europe ETF 20.3 7 73 6.8 +1.4
STXI Strive International Developed Markets ETF 20.2 29 51 6.7 +1.3
FDEV Fidelity International Multifactor ETF 20.2 18 62 7.5 +2.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 20.1 14 66 6.0 +0.5
FLEE Franklin FTSE Europe ETF 20.0 9 71 6.9 +1.5
FENI Fidelity Enhanced International ETF 19.9 28 52 7.9 +2.5
AIVI WisdomTree International AI Enhanced Value Fund 19.9 58 22 8.0 +2.6
VGK Vanguard FTSE Europe ETF 19.9 11 69 6.8 +1.4
VWID Virtus WMC International Dividend ETF 19.6 49 31 9.3 +3.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 19.5 45 35 8.8 +3.4
BKIE BNY Mellon International Equity ETF 19.5 4 76 6.9 +1.5
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 19.3 12 68 5.7 +0.3
IMFL Invesco International Developed Dynamic Multifactor ETF 19.3 34 46 5.7 +0.3
VYMI Vanguard International High Dividend Yield ETF 18.9 22 58 9.7 +4.3
JIRE JPMorgan International Research Enhanced Equity ETF 18.8 24 56 6.9 +1.5
IDEV iShares Core MSCI International Developed Markets ETF 18.3 4 76 6.9 +1.5
EZU iShares MSCI Eurozone ETF 18.1 52 28 6.4 +1.0
NUDM Nuveen ESG International Developed Markets Equity ETF 18.0 31 49 6.5 +1.0
IMTM iShares MSCI Intl Momentum Factor ETF 17.6 30 50 6.1 +0.7
FNDF Schwab Fundamental International Large Co. Index ETF 17.4 25 55 9.7 +4.3
SPDW SPDR Portfolio Developed World ex-US ETF 17.2 3 77 7.0 +1.6
SCHF Schwab International Equity ETF 17.2 6 74 7.3 +1.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 17.1 39 41 7.3 +1.9
VEA Vanguard FTSE Developed Markets ETF 17.1 5 75 7.1 +1.7
DFAI Dimensional International Core Equity Market ETF 17.0 18 62 7.1 +1.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 16.9 24 56 8.4 +3.0
WWJD Inspire International ETF 16.6 80 0 7.1 +1.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 16.6 45 35 6.5 +1.1
FLEU Franklin FTSE Eurozone ETF 16.3 9 71 7.0 +1.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 15.9 20 60 6.7 +1.3
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 15.8 25 55 5.5 +0.1
DFIV Dimensional International Value ETF 15.8 27 53 9.9 +4.5
IVLU iShares MSCI Intl Value Factor ETF 15.4 30 50 11.3 +5.9
CWI SPDR MSCI ACWI ex-US ETF 15.4 30 50 6.8 +1.4
ACWX iShares MSCI ACWI ex U.S. ETF 15.4 34 46 6.8 +1.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 15.3 18 62 6.8 +1.4
OEUR ALPS O'Shares Europe Quality Dividend ETF 15.0 48 32 5.4 -0.0
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 15.0 19 61 5.4 -0.1
EUFN iShares MSCI Europe Financials ETF 14.9 51 29 7.9 +2.5
INTF iShares International Equity Factor ETF 14.9 15 65 7.9 +2.5
EPP iShares MSCI Pacific ex-Japan ETF 14.8 47 33 4.9 -0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 14.6 41 39 7.3 +1.9
IDMO Invesco S&P International Developed Momentum ETF 14.4 25 55 5.7 +0.3
VEU Vanguard FTSE All-World ex-US Index Fund 14.0 8 72 7.1 +1.7
UIVM VictoryShares International Value Momentum ETF 13.9 35 45 10.8 +5.4
FICS First Trust International Developed Capital Strength ETF 13.8 70 10 5.1 -0.3
VSGX Vanguard ESG International Stock ETF 13.4 12 68 6.6 +1.2
IXUS iShares Core MSCI Total International Stock ETF 13.4 7 73 7.0 +1.6
DIM WisdomTree International MidCap Dividend Fund 13.4 58 22 7.5 +2.1
EFG iShares MSCI EAFE Growth ETF 13.4 36 44 4.4 -1.1
AVDE Avantis International Equity ETF 13.3 23 57 7.9 +2.5
GCOW Pacer Global Cash Cows Dividend ETF 13.2 60 20 12.3 +6.9
EFAS Global X MSCI SuperDividend EAFE ETF 13.2 57 23 10.1 +4.6
IPAC iShares Core MSCI Pacific ETF 13.2 9 71 7.1 +1.7
IQDE FlexShares International Quality Dividend Defensive Index ET 13.2 47 33 14.6 +9.1
VXUS Vanguard Total International Stock ETF 13.0 7 73 7.1 +1.6
AVSD Avantis Responsible International Equity ETF 13.0 23 57 6.9 +1.5
IDHQ Invesco S&P International Developed High Quality ETF 12.9 29 51 6.2 +0.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 12.9 39 41 7.3 +1.9
DFIC Dimensional International Core Equity 2 ETF 12.8 23 57 7.6 +2.1
DFSI Dimensional International Sustainability Core 1 ETF 12.8 24 56 6.2 +0.8
DIHP Dimensional International High Profitability ETF 12.7 29 51 7.3 +1.9
EFAD ProShares MSCI EAFE Dividend Growers ETF 12.5 50 30 5.1 -0.3
RODE Hartford Multifactor Diversified International ETF 12.4 29 51 11.6 +6.2
SCHY Schwab International Dividend Equity ETF 12.4 14 66 9.1 +3.7
TTAI FCF International Quality ETF 12.3 59 21 5.3 -0.1
VPL Vanguard FTSE Pacific ETF 11.8 8 72 7.6 +2.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 11.5 65 15 12.7 +7.2
FEUZ First Trust Eurozone AlphaDEX ETF 11.5 80 0 6.5 +1.1
FEZ SPDR EURO STOXX 50 ETF 11.5 29 51 6.6 +1.2
FIVA Fidelity International Value Factor ETF 11.5 18 62 10.0 +4.6
RFDI First Trust Riverfront Dynamic Developed International ETF 11.4 83 -3 9.7 +4.2
QINT American Century Quality Diversified International ETF 11.4 39 41 7.5 +2.1
IGRO iShares International Dividend Growth ETF 11.3 15 65 7.4 +1.9
EWU iShares MSCI United Kingdom ETF 11.2 50 30 8.1 +2.7
FID First Trust S&P International Dividend Aristocrats ETF 11.1 60 20 8.8 +3.4
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 11.0 65 15 4.1 -1.3
FLGB Franklin FTSE United Kingdom ETF 11.0 9 71 7.6 +2.2
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 10.9 80 0 3.1 -2.3
RFEU First Trust Riverfront Dynamic Europe ETF 10.8 83 -3 10.9 +5.5
EQIN Columbia US Equity Income ETF 10.8 35 45 5.3 -0.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 10.7 58 22 6.1 +0.7
FEP First Trust Europe AlphaDEX Fund 10.6 80 0 7.6 +2.2
JHID John Hancock International High Dividend ETF 10.5 46 34 11.1 +5.7
FIDI Fidelity International High Dividend ETF 10.5 18 62 10.8 +5.4
KXI iShares Global Consumer Staples ETF 10.4 41 39 5.6 +0.1
IDV iShares International Select Dividend ETF 10.3 51 29 12.1 +6.7
HEDJ WisdomTree Europe Hedged Equity Fund 10.2 58 22 9.4 +4.0
ACWV iShares MSCI Global Min Vol Factor ETF 10.2 20 60 6.2 +0.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 10.1 47 33 5.3 -0.1
EWS iShares MSCI Singapore ETF 10.1 50 30 5.0 -0.4
IDOG ALPS International Sector Dividend Dogs ETF 10.0 50 30 12.5 +7.1
FSZ First Trust Switzerland AlphaDEX Fund 9.9 80 0 4.1 -1.4
QWLD SPDR MSCI World StrategicFactors ETF 9.8 30 50 5.8 +0.4
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 9.7 25 55 8.4 +2.9
EWL iShares MSCI Switzerland ETF 9.7 50 30 4.3 -1.1
EWJV iShares MSCI Japan Value ETF 9.7 15 65 9.9 +4.5
AVIV Avantis International Large Cap Value ETF 9.7 25 55 8.8 +3.4
VIDI Vident International Equity Strategy ETF 9.6 61 19 10.1 +4.7
WDIV SPDR S&P Global Dividend ETF 9.5 40 40 9.2 +3.8
DSTX Distillate International Fundamental Stability & Value ETF 9.5 55 25 7.7 +2.3
IXG iShares Global Financials ETF 9.3 42 38 6.0 +0.6
BLES Inspire Global Hope ETF 9.2 61 19 6.2 +0.8
LEGR First Trust Indxx Innovative Transaction & Process ETF 9.1 65 15 8.0 +2.6
DBJP Xtrackers MSCI Japan Hedged Equity ETF 9.1 47 33 7.4 +2.0
BBJP JPMorgan BetaBuilders Japan ETF 9.1 19 61 7.7 +2.2
VIGI Vanguard International Dividend Appreciation ETF 9.1 15 65 6.3 +0.8
FLSW Franklin FTSE Switzerland ETF 9.1 9 71 5.2 -0.2
EWJ iShares MSCI Japan ETF 9.1 50 30 7.7 +2.3
CGIE Capital Group International Equity ETF 8.8 54 26 4.8 -0.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 8.7 56 24 13.3 +7.9
DEW WisdomTree Global High Dividend Fund 8.6 58 22 8.4 +3.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 8.6 30 50 7.8 +2.4
IQDF FlexShares International Quality Dividend Index Fund 8.5 47 33 12.6 +7.2
JPXN iShares JPX-Nikkei 400 ETF 8.5 48 32 8.4 +3.0
FLJH Franklin FTSE Japan Hedged ETF 8.4 9 71 7.7 +2.3
FLJP Franklin FTSE Japan ETF 8.4 9 71 7.6 +2.2
CGDG Capital Group Dividend Growers ETF 8.3 47 33 6.5 +1.1
NXTG First Trust Indxx NextG ETF 8.2 70 10 6.0 +0.6
FDD First Trust Stoxx European Select Dividend Index Fund 8.0 58 22 13.4 +8.0
ESGG FlexShares STOXX Global ESG Select Index Fund 7.9 42 38 5.0 -0.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 7.9 80 0 9.0 +3.6
EWG iShares MSCI Germany ETF 7.8 50 30 6.0 +0.6
ASEA Global X FTSE Southeast Asia ETF 7.8 65 15 6.3 +0.9
EUDV ProShares MSCI Europe Dividend Growers ETF 7.7 55 25 5.0 -0.4
EWQ iShares MSCI France ETF 7.7 53 27 6.2 +0.8
DVYA iShares Asia/Pacific Dividend ETF 7.6 49 31 8.9 +3.5
KLMT Invesco MSCI Global Climate 500 ETF 7.6 10 70 5.3 -0.1
UMMA Wahed Dow Jones Islamic World ETF 7.5 65 15 4.3 -1.1
FLGR Franklin FTSE Germany ETF 7.5 9 71 6.6 +1.2
IXP iShares Global Comm Services ETF 7.4 42 38 5.0 -0.4
JIG JPMorgan International Growth ETF 7.3 55 25 4.5 -0.9
RAYD Rayliant Quantitative Developed Market Equity ETF 7.2 80 0 3.8 -1.7
EWN iShares MSCI Netherlands ETF 7.0 50 30 4.9 -0.5
DGT SPDR Global Dow ETF 6.9 50 30 6.6 +1.2
GVAL Cambria Global Value ETF 6.8 68 12 12.7 +7.3
FYLD Cambria Foreign Shareholder Yield ETF 6.7 59 21 13.5 +8.0
CZAR Themes Natural Monopoly ETF 6.7 35 45 6.1 +0.7
IQDG WisdomTree International Quality Dividend Growth Fund 6.6 42 38 6.5 +1.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 6.6 58 22 6.3 +0.8
DMDV AAM S&P Developed Markets High Dividend Value ETF 6.6 39 41 12.3 +6.8
DAX Global X DAX Germany ETF 6.5 21 59 6.5 +1.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 6.3 80 0 7.5 +2.1
FLAU Franklin FTSE Australia ETF 6.1 9 71 5.4 -0.0
KOKU Xtrackers MSCI Kokusai Equity ETF 6.1 9 71 5.1 -0.3
URTH iShares MSCI World ETF 6.1 24 56 5.1 -0.4
TOK iShares MSCI Kokusai ETF 5.8 26 54 4.9 -0.5
EWA iShares MSCI Australia ETF 5.8 50 30 4.8 -0.6
BINV Brandes International ETF 5.6 70 10 8.2 +2.8
JSTC Adasina Social Justice All Cap Global ETF 5.4 89 -9 4.7 -0.7
ACWI iShares MSCI ACWI ETF 5.4 32 48 5.2 -0.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 5.4 12 68 4.7 -0.7
FGM First Trust Germany AlphaDEX Fund 5.3 80 0 5.8 +0.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 5.1 9 71 5.3 -0.2
DIVS SmartETFs Dividend Builder ETF 5.0 65 15 4.9 -0.5
FKU First Trust United Kingdom AlphaDEX Fund 4.7 80 0 8.1 +2.7
VT Vanguard Total World Stock ETF 4.7 7 73 5.4 +0.0
KNCT Invesco Next Gen Connectivity ETF 4.7 40 40 4.7 -0.7
IQRA IQ CBRE Real Assets ETF 4.7 65 15 5.1 -0.3
BLLD JPMorgan Sustainable Infrastructure ETF 4.7 49 31 5.6 +0.2
SDG iShares MSCI Global Sustainable Development Goals ETF 4.7 49 31 5.5 +0.1
WLDR Affinity World Leaders Equity ETF 4.6 67 13 7.6 +2.2
GLOF iShares Global Equity Factor ETF 4.5 20 60 5.9 +0.5
EWI iShares MSCI Italy ETF 4.5 50 30 8.0 +2.6
IOO iShares Global 100 ETF 4.4 41 39 4.8 -0.7
BKCI BNY Mellon Concentrated International ETF 4.4 80 0 4.0 -1.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.4 47 33 9.1 +3.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.3 20 60 5.0 -0.4
JXI iShares Global Utilities ETF 4.3 43 37 5.9 +0.5
KOCG FIS Knights of Columbus Global Belief ETF 4.3 75 5 4.8 -0.6
GDVD R3 Global Dividend Growth ETF 4.2 88 -8 5.6 +0.1
IVAL Alpha Architect International Quantitative Value ETF 4.1 49 31 9.8 +4.4
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 4.1 68 12 8.3 +2.9
EWP iShares MSCI Spain ETF 4.0 50 30 8.2 +2.8
OSEA Harbor International Compounders ETF 4.0 55 25 4.1 -1.3
DXJ WisdomTree Japan Hedged Equity Fund 4.0 48 32 8.5 +3.1
KNO AXS Knowledge Leaders ETF 4.0 78 2 4.9 -0.5
AIA iShares Asia 50 ETF 3.9 50 30 6.6 +1.2
IGF iShares Global Infrastructure ETF 3.9 41 39 4.3 -1.1
GII SPDR S&P Global Infrastructure ETF 3.9 40 40 4.3 -1.1
EXI iShares Global Industrials ETF 3.9 42 38 4.4 -1.1
BCDF Horizon Kinetics Blockchain Development ETF 3.9 85 -5 3.3 -2.1
DTAN Sparkline International Intangible Value ETF 3.8 55 25 8.8 +3.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 3.8 12 68 8.1 +2.7
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 3.8 46 34 4.9 -0.5
FJP First Trust Japan AlphaDEX Fund 3.8 80 0 10.1 +4.7
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 3.7 45 35 5.5 +0.1
EWD iShares MSCI Sweden ETF 3.7 54 26 6.3 +0.9
RWX SPDR Dow Jones International Real Estate ETF 3.6 59 21 7.2 +1.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 3.6 70 10 6.0 +0.6
TMFG Motley Fool Global Opportunities ETF 3.5 85 -5 3.3 -2.2
IFGL iShares International Developed Real Estate ETF 3.5 48 32 6.7 +1.3
MOTG VanEck Morningstar Global Wide Moat ETF 3.5 52 28 5.4 -0.0
OBOR KraneShares MSCI One Belt One Road Index ETF 3.5 79 1 10.4 +4.9
PATN Pacer Nasdaq International Patent Leaders ETF 3.3 65 15 6.4 +1.0
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 3.3 10 70 7.4 +2.0
FLAX Franklin FTSE Asia Ex Japan ETF 3.2 19 61 6.8 +1.3
IXJ iShares Global Healthcare ETF 3.2 42 38 6.4 +1.0
JGLO JPMorgan Global Select Equity ETF 3.1 33 47 4.4 -1.0
SAGP Strategas Global Policy Opportunities ETF 3.1 65 15 5.1 -0.3
FDFF Fidelity Disruptive Finance ETF 3.1 50 30 4.2 -1.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 3.0 58 22 4.4 -1.0
QTUM Defiance Quantum ETF 2.9 40 40 3.5 -1.9
WRND IQ Global Equity R&D Leaders ETF 2.9 18 62 7.3 +1.9
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.9 70 10 3.5 -1.9
RGEF Rockefeller Global Equity ETF 2.9 55 25 4.8 -0.7
IPKW Invesco International BuyBack Achievers ETF 2.9 55 25 11.2 +5.8
AGQI First Trust Active Global Quality Income ETF 2.8 85 -5 5.7 +0.3
GLBL Pacer MSCI World Industry Advantage ETF 2.8 65 15 4.6 -0.9
OCEN IQ Clean Oceans ETF 2.7 45 35 5.8 +0.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 2.6 42 38 7.7 +2.3
MXI iShares Global Materials ETF 2.5 41 39 6.9 +1.5
FPXI First Trust International Equity Opportunities ETF 2.5 70 10 4.7 -0.7
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.4 78 2 8.9 +3.5
IVEG iShares Emergent Food and AgTech Multisector ETF 2.3 47 33 7.8 +2.4
NTZG Nuveen Global Net Zero Transition ETF 2.3 56 24 4.6 -0.8
RWO SPDR Dow Jones Global Real Estate ETF 2.3 50 30 6.0 +0.6
INFL Horizon Kinetics Inflation Beneficiaries ETF 2.3 85 -5 2.4 -3.0
DISV Dimensional International Small Cap Value ETF 2.3 42 38 9.1 +3.7
SXUS Janus Henderson International Sustainable Equity ETF 2.2 60 20 4.3 -1.1
GNR SPDR S&P Global Natural Resources ETF 2.2 40 40 9.6 +4.2
FNDC Schwab Fundamental International Small Co. Index ETF 2.2 39 41 6.9 +1.5
HAP VanEck Natural Resources ETF 2.2 50 30 9.8 +4.4
FAN First Trust Global Wind Energy ETF 2.2 60 20 5.4 -0.0
ERET iShares Environmentally Aware Real Estate ETF 2.1 30 50 6.4 +0.9
OAIM OneAscent International Equity ETF 2.0 95 -15 5.0 -0.4
GQRE FlexShares Global Quality Real Estate Index Fund 1.9 45 35 5.8 +0.4
CLNR IQ Cleaner Transport ETF 1.9 45 35 6.6 +1.2
VCLN Virtus Duff & Phelps Clean Energy ETF 1.9 59 21 3.5 -1.9
FILL iShares MSCI Global Energy Producers ETF 1.9 39 41 9.6 +4.2
IXC iShares Global Energy ETF 1.9 44 36 8.9 +3.4
GSFP Goldman Sachs Future Planet Equity ETF 1.8 75 5 4.1 -1.3
CRUZ Defiance Hotel Airline and Cruise ETF 1.8 45 35 -4.4 -9.9
AIRL Themes Airlines ETF 1.8 35 45 -16.4 -21.8
CGGO Capital Group Global Growth Equity ETF 1.8 47 33 4.5 -1.0
FLHK Franklin FTSE Hong Kong ETF 1.7 9 71 6.8 +1.3
EWH iShares MSCI Hong Kong ETF 1.7 50 30 6.2 +0.8
DFIS Dimensional International Small Cap ETF 1.7 39 41 6.7 +1.3
CRTC Xtrackers US National Critical Technologies ETF 1.7 35 45 5.0 -0.4
WDNA WisdomTree BioRevolution Fund 1.7 45 35 -3.5 -9.0
BTEK Future Tech ETF 1.7 88 -8 2.2 -3.2
RXI iShares Global Consumer Discretionary ETF 1.7 41 39 5.1 -0.3
ISCF iShares International SmallCap Equity Factor ETF 1.7 23 57 8.8 +3.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.6 46 34 9.2 +3.8
VGSR Vert Global Sustainable Real Estate ETF 1.6 47 33 5.5 +0.1
ANEW ProShares MSCI Transformational Changes ETF 1.6 45 35 3.4 -2.0
EWK iShares MSCI Belgium ETF 1.6 50 30 7.9 +2.5
IPAV Global X Infrastructure Development ex-U.S. ETF 1.6 55 25 9.4 +4.0
AVRE Avantis Real Estate ETF 1.6 17 63 5.8 +0.4
SMOG VanEck Low Carbon Energy ETF 1.6 61 19 2.2 -3.2
FPAG FPA Global Equity ETF 1.5 49 31 5.3 -0.1
JETS U.S. Global Jets ETF 1.5 60 20 -15.5 -21.0
CCNR ALPS CoreCommodity Natural Resources ETF 1.5 39 41 10.3 +4.9
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 1.5 75 5 7.6 +2.2
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.5 58 22 9.2 +3.8
KROP Global X AgTech & Food Innovation ETF 1.4 50 30 4.4 -1.0
BECO BlackRock Future Climate and Sustainable Economy ETF 1.4 70 10 12.4 +7.0
IBAT iShares Energy Storage & Materials ETF 1.3 47 33 3.0 -2.4
ERTH Invesco MSCI Sustainable Future ETF 1.3 62 18 3.4 -2.0
REET iShares Global REIT ETF 1.3 14 66 6.2 +0.7
DFGR Dimensional Global Real Estate ETF 1.3 22 58 6.1 +0.7
DTEC ALPS Disruptive Technologies ETF 1.3 50 30 3.2 -2.2
IMOM Alpha Architect International Quantitative Momentum ETF 1.3 49 31 6.6 +1.2
CGXU Capital Group International Focus Equity ETF 1.2 54 26 4.6 -0.8
EDEN iShares MSCI Denmark ETF 1.2 53 27 6.6 +1.2
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.2 60 20 4.4 -1.0
DFNL Davis Select Financial ETF 1.1 63 17 6.4 +1.0
DINT Davis Select International ETF 1.1 55 25 6.0 +0.6
DWLD Davis Select Worldwide ETF 1.1 63 17 6.6 +1.1
IDNA iShares Genomics Immunology and Healthcare ETF 1.1 47 33 -4.1 -9.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.1 49 31 6.8 +1.4
NORW Global X MSCI Norway ETF 1.1 50 30 7.8 +2.4
ENOR iShares MSCI Norway ETF 1.1 53 27 7.7 +2.3
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 45 4.4 -1.0
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.0 45 35 -0.6 -6.0
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.9 20 60 5.0 -0.4
BITQ Bitwise Crypto Industry Innovators ETF 0.9 85 -5 -2.0 -7.4
BLOK Amplify Transformational Data Sharing ETF 0.9 75 5 0.6 -4.8
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.9 79 1 4.8 -0.6
TEMP JPMorgan Climate Change Solutions ETF 0.9 49 31 5.3 -0.1
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 0.9 55 25 3.0 -2.4
ICLN iShares Global Clean Energy ETF 0.9 41 39 5.5 +0.1
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.9 58 22 4.4 -1.1
FTAG First Trust Indxx Global Agriculture ETF 0.9 70 10 9.2 +3.8
XT iShares Exponential Technologies ETF 0.9 46 34 4.6 -0.8
CGUS Capital Group Core Equity ETF 0.9 33 47 4.3 -1.1
BJK VanEck Gaming ETF 0.9 65 15 1.3 -4.1
BETZ Roundhill Sports Betting & iGaming ETF 0.9 75 5 1.0 -4.4
HART IQ Healthy Hearts ETF 0.8 45 35 4.8 -0.6
CANC Tema Oncology ETF 0.8 75 5 -3.5 -8.9
HRTS Tema GLP-1 Obesity & Cardiometabolic ETF 0.8 75 5 -1.6 -7.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.8 95 -15 10.1 +4.7
GINN Goldman Sachs Innovate Equity ETF 0.7 52 28 2.7 -2.7
FBCV Fidelity Blue Chip Value ETF 0.7 59 21 6.8 +1.4
PBD Invesco Global Clean Energy ETF 0.7 75 5 -4.2 -9.6
PRAY FIS Christian Stock Fund 0.7 69 11 5.7 +0.3
WTRE WisdomTree New Economy Real Estate Fund 0.7 58 22 0.3 -5.1
IDAT iShares Future Cloud 5G and Tech ETF 0.7 47 33 4.1 -1.3
SRVR Pacer Data & Infrastructure Real Estate ETF 0.7 55 25 1.9 -3.5
SYNB Putnam BioRevolution ETF 0.7 70 10 2.9 -2.5
BIGFX Baron International Growth Retail 0.7 75 5 3.2 -2.2
EIRL iShares MSCI Ireland ETF 0.7 50 30 6.7 +1.3
AIQ Global X Artificial Intelligence & Technology ETF 0.6 68 12 3.7 -1.7
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 0.6 75 5 4.5 -0.9
BLDG Cambria Global Real Estate ETF 0.6 60 20 14.4 +9.0
PAWZ ProShares Pet Care ETF 0.5 50 30 3.8 -1.7
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.5 61 19 1.9 -3.5
MOO VanEck Agribusiness ETF 0.5 53 27 9.4 +4.0
VEGI iShares MSCI Agriculture Producers ETF 0.5 39 41 8.6 +3.2
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.5 56 24 1.1 -4.3
GDOC Goldman Sachs Future Health Care Equity ETF 0.5 75 5 3.5 -1.9
PCGG Polen Capital Global Growth ETF 0.5 85 -5 3.4 -2.0
LUXX Roundhill S&P Global Luxury ETF 0.5 45 35 2.4 -3.0
LUX Tema Luxury ETF 0.5 75 5 3.1 -2.3
FINE Themes European Luxury ETF 0.5 35 45 -2.2 -7.7
PRNT 3D Printing ETF 0.5 66 14 0.6 -4.8
ODDS Pacer BlueStar Digital Entertainment ETF 0.4 60 20 2.1 -3.3
ROBO ROBO Global Robotics & Automation Index ETF 0.4 95 -15 3.4 -2.0
BOTT Themes Robotics & Automation ETF 0.4 35 45 4.4 -1.0
LNGG Roundhill Alerian LNG ETF 0.4 65 15 9.2 +3.8
BTHM BlackRock Future U.S. Themes ETF 0.4 60 20 4.1 -1.4
JOET Virtus Terranova US Quality Momentum ETF 0.4 29 51 4.7 -0.8
QLC FlexShares US Quality Large Cap Index Fund 0.4 25 55 5.3 -0.1
QLV FlexShares US Quality Low Volatility Index Fund 0.4 22 58 3.7 -1.7
QQQN VictoryShares Nasdaq Next 50 ETF 0.4 18 62 4.5 -0.9
WCBR WisdomTree Cybersecurity Fund 0.4 45 35 1.9 -3.6
IZRL ARK Israel Innovative Technology ETF 0.4 49 31 1.2 -4.3
CIBR First Trust NASDAQ Cybersecurity ETF 0.4 60 20 4.0 -1.4
ISRA VanEck Israel ETF 0.4 59 21 7.8 +2.3
BUG Global X Cybersecurity ETF 0.4 51 29 2.5 -2.9
CZA Invesco Zacks Mid-Cap ETF 0.4 72 8 5.5 +0.1
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.4 20 60 5.6 +0.2
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.4 15 65 4.5 -0.9
EIS iShares MSCI Israel ETF 0.4 58 22 8.4 +2.9
IHAK iShares Cybersecurity & Tech ETF 0.4 47 33 3.1 -2.3
THRO iShares U.S. Thematic Rotation Active ETF 0.4 90 -10 3.8 -1.6
FITE SPDR S&P Kensho Future Security ETF 0.4 45 35 2.2 -3.2
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.4 12 68 5.2 -0.2
XITK SPDR FactSet Innovative Technology ETF 0.4 45 35 2.2 -3.2
HACK ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund 0.4 60 20 3.4 -2.0
ITEQ BlueStar Israel Technology ETF 0.4 75 5 0.9 -4.5
MVPS Amplify Thematic All-Stars ETF 0.4 49 31 2.9 -2.6
TRFK Pacer Data and Digital Revolution ETF 0.4 60 20 3.4 -2.0
SPAM Themes Cybersecurity ETF 0.4 35 45 2.0 -3.4
CLOD Themes Cloud Computing ETF 0.4 35 45 2.5 -2.9
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 0.4 65 15 3.8 -1.6
HDRO Defiance Next Gen H2 ETF 0.4 30 50 -11.3 -16.7
AZTD Aztlan Global Stock Selection DM SMID ETF 0.4 75 5 6.5 +1.0
CUT Invesco MSCI Global Timber ETF 0.4 61 19 8.2 +2.8
WOOD iShares Global Timber & Forestry ETF 0.4 42 38 9.5 +4.1
TOLL Tema Monopolies and Oligopolies ETF 0.4 75 5 3.2 -2.2
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 41 12.7 +7.3
FFLC Fidelity Fundamental Large Cap Core ETF 0.4 38 42 4.7 -0.7
RNEM First Trust Emerging Markets Equity Select ETF 0.4 75 5 7.2 +1.8
MOTI VanEck Morningstar International Moat ETF 0.4 58 22 5.7 +0.3
GSIB Themes Global Systemically Important Banks ETF 0.4 35 45 13.3 +7.9
AGNG Global X Aging Population ETF 0.4 50 30 4.1 -1.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.4 50 30 12.8 +7.4
EFRA iShares Environmental Infrastructure and Industrials ETF 0.3 47 33 4.9 -0.6
OGIG ALPS O'Shares Global Internet Giants ETF 0.3 48 32 1.8 -3.6
APIE ActivePassive International Equity ETF 0.3 45 35 8.0 +2.6
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 60 4.6 -0.8
FIXT Procure Disaster Recovery Strategy ETF 0.3 75 5 5.8 +0.4
ENZL iShares MSCI New Zealand ETF 0.3 50 30 3.5 -1.9
EATV VegTech Plant-based Innovation & Climate ETF 0.2 75 5 2.1 -3.3
EMGF iShares Emerging Markets Equity Factor ETF 0.2 25 55 8.3 +2.9
FMIL Fidelity New Millennium ETF 0.2 59 21 4.6 -0.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 65 10.2 +4.8
QQQ Invesco QQQ Trust Series I 0.2 20 60 4.4 -1.0
QQQM Invesco NASDAQ 100 ETF 0.2 15 65 4.5 -0.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 59 3.7 -1.7
IXN iShares Global Tech ETF 0.2 41 39 4.4 -1.1
KOMP SPDR S&P Kensho New Economies Composite ETF 0.1 20 60 1.0 -4.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.1 39 41 12.3 +6.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 44 7.7 +2.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 65 7.1 +1.7
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 69 8.3 +2.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 21 11.1 +5.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 5 4.2 -1.3
IBLC iShares Blockchain and Tech ETF 0.1 47 33 -1.6 -7.0
RVRB Reverb ETF 0.1 30 50 4.6 -0.9
VYM Vanguard High Dividend Yield Index ETF 0.1 6 74 6.7 +1.3
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 45 5.0 -0.4
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 48 4.7 -0.7
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 71 4.7 -0.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 47 8.1 +2.7
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 41 6.6 +1.2
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 55 6.6 +1.2
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 55 6.6 +1.2

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 10.1 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.69 CATEGORY
AVERAGE		 1.60
 
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.