First Trust Horizon Managed Volatility Developed Intl ETF
ALTAR
Score™		 5.2% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 15.8x P/Sales
ratio		 1.5x
P/BV
ratio		 1.4x Div.
yield		 4.1%


  • 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 158
Wgt avg mkt cap (mns) $32,424
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
MTR CORP 2.4 %
OVERSEA-CHINESE BANKING CORP 2.4 %
CLP HOLDINGS LTD 2.1 %
HONGKONG ELECTRIC HOLDINGS 2.0 %
HONG KONG & CHINA GAS 1.9 %
UNITED OVERSEAS BANK LTD 1.8 %
WILMAR INTERNATIONAL LTD 1.7 %
CAPITALAND INTEGRATED COMMERCIAL T 1.6 %
TELSTRA CORPORATION LIMITED 1.6 %
SINGAPORE AIRLINES LTD 1.5 %
Total 19.0 %

TOP COUNTRY EXPOSURE
JAPAN 15.5 %
HONG KONG 12.4 %
SINGAPORE 12.3 %
FRANCE 7.9 %
AUSTRALIA 6.6 %
BRITAIN 6.4 %
SWITZERLAND 6.1 %
ITALY 5.8 %
GERMANY 5.2 %
SWEDEN 4.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
4.3% 28.7% 7.5% -- 5.4%

Market Correlations
versus... Beta R-squared
S&P500 0.27 18%
MSCI EAFE 0.59 64%
MSCI Emg. Mkts. 0.40 36%

Technical Indicators
Recent close $38.01
30d moving avg. $36.17
Annualized volatility 12.5%
Short interest (ETF) 0.2%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 9
Turnover 2.0%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $6,540

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 392 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™: 5.2%


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 36.5 22 58 5.3 +0.2
DWMF WisdomTree International Multifactor Fund 35.2 38 42 6.1 +1.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 27.1 32 48 5.3 +0.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 25.3 30 50 5.8 +0.7
CIL VictoryShares International Volatility Wtd ETF 23.7 45 35 5.6 +0.4
DIVI Franklin International Core Dividend Tilt Index ETF 23.4 9 71 6.6 +1.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 23.2 29 51 6.5 +1.4
TPIF Timothy Plan International ETF 22.6 62 18 5.2 0.0
LVHI Franklin International Low Volatility High Dividend Index ET 21.8 40 40 8.7 +3.5
JPIN J.P. Morgan Diversified Return International Equity ETF 21.8 37 43 6.9 +1.7
EFV iShares MSCI EAFE Value ETF 21.3 34 46 7.3 +2.2
DWX SPDR S&P International Dividend ETF 21.1 45 35 6.4 +1.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 20.3 25 55 6.2 +1.1
DOL WisdomTree International LargeCap Dividend Fund 20.0 48 32 5.8 +0.6
AIVI WisdomTree International AI Enhanced Value Fund 19.7 58 22 5.7 +0.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 19.3 25 55 6.0 +0.9
JHMD John Hancock Multifactor Developed International ETF 19.1 39 41 6.2 +1.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 18.2 9 71 7.8 +2.7
HFXI IQ FTSE International Equity Currency Neutral ETF 18.0 20 60 5.8 +0.6
DTH WisdomTree International High Dividend Fund 17.8 58 22 7.0 +1.8
EFA iShares MSCI EAFE ETF 17.7 35 45 5.6 +0.4
CEFA Global X S&P Catholic Values Developed ex-US ETF 17.4 35 45 5.5 +0.4
ESGD iShares ESG Aware MSCI EAFE ETF 17.3 20 60 5.5 +0.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 17.2 36 44 5.7 +0.6
IMFL Invesco International Developed Dynamic Multifactor ETF 17.0 34 46 4.7 -0.4
IQSI IQ Candriam International Equity ETF 16.8 15 65 5.4 +0.3
GSID Goldman Sachs MarketBeta International Equity ETF 16.8 20 60 5.7 +0.5
DMXF iShares ESG Advanced MSCI EAFE ETF 16.8 12 68 4.9 -0.3
IEV iShares Europe ETF 16.6 67 13 5.6 +0.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 16.5 46 34 5.8 +0.7
JIRE JPMorgan International Research Enhanced Equity ETF 16.5 24 56 6.1 +0.9
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 16.5 20 60 5.3 +0.2
DWM WisdomTree International Equity Fund 16.4 48 32 6.1 +1.0
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 16.4 19 61 4.8 -0.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 16.4 14 66 5.4 +0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 16.3 40 40 6.2 +1.1
BBEU JPMorgan BetaBuilders Europe ETF 16.3 9 71 6.1 +0.9
FDEV Fidelity International Multifactor ETF 16.3 18 62 6.4 +1.2
FLEE Franklin FTSE Europe ETF 16.3 9 71 6.1 +1.0
VWID Virtus WMC International Dividend ETF 16.1 49 31 6.9 +1.8
EPP iShares MSCI Pacific ex-Japan ETF 16.1 47 33 4.7 -0.5
EFAS Global X MSCI SuperDividend EAFE ETF 15.9 57 23 7.2 +2.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 15.6 24 56 6.1 +1.0
IEUR iShares Core MSCI Europe ETF 15.6 11 69 6.1 +1.0
IEFA iShares Core MSCI EAFE ETF 15.5 7 73 5.9 +0.8
STXI Strive International Developed Markets ETF 15.4 29 51 5.5 +0.4
JIVE JPMorgan International Value ETF 15.3 55 25 9.0 +3.8
DIM WisdomTree International MidCap Dividend Fund 15.3 58 22 6.1 +1.0
BKIE BNY Mellon International Equity ETF 15.2 4 76 5.9 +0.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 15.2 45 35 7.1 +1.9
IQLT iShares MSCI Intl Quality Factor ETF 15.2 30 50 5.2 +0.1
VYMI Vanguard International High Dividend Yield ETF 15.2 17 63 7.7 +2.6
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 15.1 12 68 5.1 -0.1
SPEU SPDR Portfolio Europe ETF 14.9 7 73 6.2 +1.0
DFIV Dimensional International Value ETF 14.8 27 53 7.6 +2.4
VGK Vanguard FTSE Europe ETF 14.7 6 74 6.2 +1.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 14.6 39 41 5.5 +0.4
WWJD Inspire International ETF 14.6 80 0 6.1 +1.0
RCGE RockCreek Global Equality ETF 14.4 95 -15 5.9 +0.8
UIVM VictoryShares International Value Momentum ETF 14.4 35 45 7.1 +1.9
FNDF Schwab Fundamental International Large Co. Index ETF 14.3 25 55 7.7 +2.5
FENI Fidelity Enhanced International ETF 14.2 28 52 5.4 +0.2
IVLU iShares MSCI Intl Value Factor ETF 14.1 30 50 8.2 +3.0
EZU iShares MSCI Eurozone ETF 14.1 52 28 5.6 +0.4
IDEV iShares Core MSCI International Developed Markets ETF 14.1 4 76 5.9 +0.7
SCHF Schwab International Equity ETF 13.9 6 74 6.0 +0.8
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 13.8 20 60 5.4 +0.3
GCOW Pacer Global Cash Cows Dividend ETF 13.6 60 20 8.9 +3.8
DFAI Dimensional International Core Equity Market ETF 13.6 18 62 5.8 +0.7
SPDW SPDR Portfolio Developed World ex-US ETF 13.3 3 77 5.8 +0.7
DVYA iShares Asia/Pacific Dividend ETF 13.2 49 31 6.4 +1.2
PPIE Putnam PanAgora ESG International Equity ETF 13.2 49 31 6.7 +1.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 12.9 45 35 6.0 +0.8
VEA Vanguard FTSE Developed Markets ETF 12.8 3 77 5.9 +0.7
RFDI First Trust Riverfront Dynamic Developed International ETF 12.8 83 -3 7.6 +2.5
AVIV Avantis International Large Cap Value ETF 12.2 25 55 7.1 +1.9
IGRO iShares International Dividend Growth ETF 12.1 15 65 6.1 +0.9
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 12.1 25 55 5.4 +0.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.0 41 39 6.3 +1.1
EWH iShares MSCI Hong Kong ETF 11.9 50 30 4.7 -0.5
INTF iShares International Equity Factor ETF 11.9 15 65 6.3 +1.2
AVDE Avantis International Equity ETF 11.8 23 57 6.1 +0.9
DIHP Dimensional International High Profitability ETF 11.7 29 51 5.6 +0.5
EWS iShares MSCI Singapore ETF 11.7 50 30 4.1 -1.0
CWI SPDR MSCI ACWI ex-US ETF 11.6 30 50 6.3 +1.1
AVSD Avantis Responsible International Equity ETF 11.6 23 57 4.5 -0.7
ACWX iShares MSCI ACWI ex U.S. ETF 11.6 34 46 6.3 +1.1
FIDI Fidelity International High Dividend ETF 11.6 18 62 7.0 +1.8
NUDM Nuveen ESG International Developed Markets Equity ETF 11.6 31 49 5.5 +0.4
SCHY Schwab International Dividend Equity ETF 11.3 14 66 8.1 +3.0
IPAC iShares Core MSCI Pacific ETF 11.3 9 71 5.4 +0.2
IMTM iShares MSCI Intl Momentum Factor ETF 11.2 30 50 4.6 -0.6
FIVA Fidelity International Value Factor ETF 11.1 18 62 7.7 +2.5
IQDF FlexShares International Quality Dividend Index Fund 11.1 47 33 7.2 +2.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 11.1 18 62 6.3 +1.1
JHID John Hancock International High Dividend ETF 11.0 46 34 7.9 +2.8
FID First Trust S&P International Dividend Aristocrats ETF 10.9 60 20 6.9 +1.8
DFIC Dimensional International Core Equity 2 ETF 10.4 23 57 6.1 +0.9
DFSI Dimensional International Sustainability Core 1 ETF 10.4 24 56 5.3 +0.2
VEU Vanguard FTSE All-World ex-US Index Fund 10.4 4 76 6.6 +1.5
IDV iShares International Select Dividend ETF 10.3 51 29 8.9 +3.7
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 10.3 25 55 5.3 +0.2
INEQ Columbia International Equity Income ETF 10.3 45 35 7.1 +1.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 10.1 39 41 6.5 +1.4
IXUS iShares Core MSCI Total International Stock ETF 10.0 7 73 6.5 +1.4
DEW WisdomTree Global High Dividend Fund 9.8 58 22 7.1 +1.9
VPL Vanguard FTSE Pacific ETF 9.8 7 73 5.4 +0.3
WDIV SPDR S&P Global Dividend ETF 9.7 40 40 7.9 +2.7
VXUS Vanguard Total International Stock ETF 9.7 5 75 6.6 +1.5
FGD First Trust Dow Jones Global Select Dividend Index Fund 9.6 56 24 9.4 +4.3
FICS First Trust International Developed Capital Strength ETF 9.4 70 10 6.3 +1.2
EFAD ProShares MSCI EAFE Dividend Growers ETF 9.4 50 30 5.4 +0.2
EUFN iShares MSCI Europe Financials ETF 9.4 51 29 6.7 +1.5
ASEA Global X FTSE Southeast Asia ETF 9.3 65 15 5.2 +0.0
DXIV Dimensional International Vector Equity ETF 9.1 34 46 6.3 +1.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 9.0 47 33 5.5 +0.3
VSGX Vanguard ESG International Stock ETF 8.9 10 70 6.5 +1.3
EWJV iShares MSCI Japan Value ETF 8.8 15 65 6.8 +1.6
IDMO Invesco S&P International Developed Momentum ETF 8.8 25 55 5.0 -0.1
ACWV iShares MSCI Global Min Vol Factor ETF 8.8 20 60 5.2 +0.1
EFG iShares MSCI EAFE Growth ETF 8.6 36 44 3.6 -1.5
QWLD SPDR MSCI World StrategicFactors ETF 8.6 30 50 5.0 -0.1
IDHQ Invesco S&P International Developed High Quality ETF 8.6 29 51 5.2 +0.0
VIDI Vident International Equity Strategy ETF 8.4 61 19 8.7 +3.6
FEUZ First Trust Eurozone AlphaDEX ETF 8.2 80 0 6.3 +1.1
IQRA IQ CBRE Real Assets ETF 8.1 65 15 5.2 0.0
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 8.1 10 70 6.1 +1.0
QINT American Century Quality Diversified International ETF 8.1 39 41 5.9 +0.8
BBJP JPMorgan BetaBuilders Japan ETF 8.0 19 61 5.5 +0.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 8.0 12 68 7.7 +2.5
JXI iShares Global Utilities ETF 7.9 43 37 5.1 -0.0
TTAI FCF International Quality ETF 7.9 59 21 6.5 +1.4
EWJ iShares MSCI Japan ETF 7.8 50 30 4.9 -0.2
GVAL Cambria Global Value ETF 7.8 68 12 8.7 +3.5
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 7.8 58 22 7.2 +2.0
BLES Inspire Global Hope ETF 7.7 61 19 5.9 +0.7
FEP First Trust Europe AlphaDEX Fund 7.7 80 0 6.6 +1.4
DBJP Xtrackers MSCI Japan Hedged Equity ETF 7.7 47 33 4.7 -0.5
IFGL iShares International Developed Real Estate ETF 7.5 48 32 6.3 +1.2
JPXN iShares JPX-Nikkei 400 ETF 7.5 48 32 5.4 +0.2
FLJP Franklin FTSE Japan ETF 7.4 9 71 5.2 +0.0
FLJH Franklin FTSE Japan Hedged ETF 7.3 9 71 5.2 +0.0
FDD First Trust Stoxx European Select Dividend Index Fund 7.1 58 22 9.4 +4.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.9 30 50 6.3 +1.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 6.8 47 33 6.7 +1.5
NXTG First Trust Indxx NextG ETF 6.8 70 10 4.2 -0.9
IXG iShares Global Financials ETF 6.7 42 38 5.8 +0.7
DGT State Street SPDR Global Dow ETF 6.7 50 30 5.7 +0.6
KLMT Invesco MSCI Global Climate 500 ETF 6.5 10 70 4.9 -0.2
FEZ SPDR EURO STOXX 50 ETF 6.3 29 51 5.5 +0.4
FEOE First Eagle Overseas Equity ETF 6.3 79 1 5.7 +0.5
CGDG Capital Group Dividend Growers ETF 6.2 47 33 5.3 +0.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 6.2 58 22 5.8 +0.7
IQDG WisdomTree International Quality Dividend Growth Fund 6.2 42 38 5.9 +0.7
FJP First Trust Japan AlphaDEX Fund 6.2 80 0 6.6 +1.4
FLSW Franklin FTSE Switzerland ETF 6.2 9 71 5.3 +0.1
RWX SPDR Dow Jones International Real Estate ETF 6.1 59 21 6.3 +1.2
EWQ iShares MSCI France ETF 6.1 53 27 6.0 +0.9
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 6.1 65 15 4.0 -1.2
CGIE Capital Group International Equity ETF 6.1 54 26 4.3 -0.9
EUDV ProShares MSCI Europe Dividend Growers ETF 6.1 55 25 5.4 +0.3
EWL iShares MSCI Switzerland ETF 6.0 50 30 5.0 -0.2
FLAU Franklin FTSE Australia ETF 6.0 9 71 5.7 +0.5
KXI iShares Global Consumer Staples ETF 6.0 41 39 4.8 -0.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 5.8 80 0 6.8 +1.7
EWA iShares MSCI Australia ETF 5.8 50 30 5.2 +0.1
EWI iShares MSCI Italy ETF 5.8 50 30 8.5 +3.4
IDOG ALPS International Sector Dividend Dogs ETF 5.7 50 30 10.0 +4.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 5.7 65 15 7.1 +1.9
IXP iShares Global Comm Services ETF 5.6 42 38 5.3 +0.2
ESGG FlexShares STOXX Global ESG Select Index Fund 5.6 42 38 4.6 -0.5
BINV Brandes International ETF 5.5 70 10 7.8 +2.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.4 80 0 7.6 +2.5
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 5.3 80 0 3.3 -1.9
JIG JPMorgan International Growth ETF 5.2 55 25 3.9 -1.2
DSTX Distillate International Fundamental Stability & Value ETF 5.2 55 25 6.5 +1.4
GEW Cambria Global EW ETF 5.1 29 51 5.3 +0.1
FLGB Franklin FTSE United Kingdom ETF 5.1 9 71 6.4 +1.3
URTH iShares MSCI World ETF 4.9 24 56 4.4 -0.8
EUDG WisdomTree Europe Quality Dividend Growth Fund 4.9 58 22 5.6 +0.5
EWD iShares MSCI Sweden ETF 4.9 54 26 4.4 -0.8
ERET iShares Environmentally Aware Real Estate ETF 4.9 30 50 6.8 +1.6
EWG iShares MSCI Germany ETF 4.9 50 30 5.8 +0.7
ICOW Pacer Developed Markets International Cash Cows 100 ETF 4.9 65 15 9.2 +4.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.8 12 68 4.4 -0.8
GII SPDR S&P Global Infrastructure ETF 4.7 40 40 4.2 -1.0
IGF iShares Global Infrastructure ETF 4.7 41 39 4.2 -1.0
RGEF Rockefeller Global Equity ETF 4.6 55 25 3.9 -1.2
TOK iShares MSCI Kokusai ETF 4.6 26 54 4.3 -0.8
FYLD Cambria Foreign Shareholder Yield ETF 4.6 59 21 9.4 +4.3
EWU iShares MSCI United Kingdom ETF 4.6 50 30 6.6 +1.5
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 4.6 46 34 5.1 -0.1
HEDJ WisdomTree Europe Hedged Equity Fund 4.5 58 22 5.6 +0.5
VIGI Vanguard International Dividend Appreciation ETF 4.5 10 70 5.7 +0.5
KOKU Xtrackers MSCI Kokusai Equity ETF 4.5 9 71 4.5 -0.6
DAX Global X DAX Germany ETF 4.4 21 59 6.3 +1.1
FLGR Franklin FTSE Germany ETF 4.4 9 71 6.4 +1.3
RWO SPDR Dow Jones Global Real Estate ETF 4.4 50 30 6.4 +1.3
EWN iShares MSCI Netherlands ETF 4.4 50 30 4.6 -0.6
ACWI iShares MSCI ACWI ETF 4.4 32 48 4.7 -0.5
GLOF iShares Global Equity Factor ETF 4.3 20 60 5.8 +0.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.2 20 60 4.8 -0.4
DXJ WisdomTree Japan Hedged Equity Fund 4.2 48 32 5.4 +0.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 4.2 58 22 3.5 -1.7
UMMA Wahed Dow Jones Islamic World ETF 4.1 65 15 3.7 -1.4
JSTC Adasina Social Justice All Cap Global ETF 4.1 89 -9 4.2 -0.9
IPKW Invesco International BuyBack Achievers ETF 4.1 55 25 7.6 +2.4
KNO AXS Knowledge Leaders ETF 4.0 78 2 4.8 -0.3
GQRE FlexShares Global Quality Real Estate Index Fund 3.9 45 35 7.3 +2.1
AIA iShares Asia 50 ETF 3.9 50 30 10.0 +4.9
VGSR Vert Global Sustainable Real Estate ETF 3.9 47 33 6.9 +1.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 3.9 9 71 4.8 -0.3
WLDR Affinity World Leaders Equity ETF 3.8 67 13 6.1 +1.0
VT Vanguard Total World Stock ETF 3.8 6 74 5.1 -0.1
CZAR Themes Natural Monopoly ETF 3.7 35 45 4.9 -0.2
AVRE Avantis Real Estate ETF 3.7 17 63 6.8 +1.6
XT iShares Exponential Technologies ETF 3.6 46 34 4.2 -0.9
SDG iShares MSCI Global Sustainable Development Goals ETF 3.6 49 31 4.7 -0.5
FSZ First Trust Switzerland AlphaDEX Fund 3.6 80 0 5.4 +0.2
CCNR ALPS CoreCommodity Natural Resources ETF 3.5 39 41 6.8 +1.7
FPXE First Trust IPOX Europe Equity Opportunities ETF 3.5 70 10 3.2 -1.9
BKCI BNY Mellon Concentrated International ETF 3.5 80 0 4.6 -0.5
OBOR KraneShares MSCI One Belt One Road Index ETF 3.5 79 1 7.0 +1.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 3.4 70 10 7.0 +1.8
POW VistaShares Electrification Supercycle ETF 3.4 75 5 2.6 -2.6
FEGE First Eagle Global Equity ETF 3.3 79 1 5.4 +0.3
ITOL Tema International Durable Quality ETF 3.3 60 20 4.8 -0.4
KOCG FIS Knights of Columbus Global Belief ETF 3.3 75 5 4.4 -0.7
FKU First Trust United Kingdom AlphaDEX Fund 3.2 80 0 6.2 +1.0
REET iShares Global REIT ETF 3.2 14 66 7.0 +1.9
FGM First Trust Germany AlphaDEX Fund 3.2 80 0 5.5 +0.4
OAIM OneAscent International Equity ETF 3.2 95 -15 4.4 -0.8
DFGR Dimensional Global Real Estate ETF 3.2 22 58 7.2 +2.1
GNR SPDR S&P Global Natural Resources ETF 3.2 40 40 8.5 +3.3
EXI iShares Global Industrials ETF 3.1 42 38 3.5 -1.7
FLAX Franklin FTSE Asia Ex Japan ETF 3.0 19 61 7.2 +2.0
IMOM Alpha Architect International Quantitative Momentum ETF 3.0 49 31 3.8 -1.4
PATN Pacer Nasdaq International Patent Leaders ETF 3.0 65 15 4.4 -0.8
FAN First Trust Global Wind Energy ETF 3.0 60 20 3.5 -1.6
IOO iShares Global 100 ETF 3.0 41 39 3.9 -1.3
DTAN Sparkline International Intangible Value ETF 3.0 55 25 7.1 +2.0
KNCT Invesco Next Gen Connectivity ETF 2.9 40 40 3.8 -1.3
EWP iShares MSCI Spain ETF 2.9 50 30 5.7 +0.6
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 2.8 75 5 6.3 +1.1
CLNR IQ Cleaner Transport ETF 2.7 45 35 4.9 -0.2
OCEN IQ Clean Oceans ETF 2.7 45 35 5.1 -0.1
OEFA ALPS O’Shares International Developed Quality Dividend ETF 2.6 48 32 4.6 -0.5
GLBL Pacer MSCI World Industry Advantage ETF 2.6 65 15 3.6 -1.6
ICPY Tweedy, Browne International Insider Value ETF 2.5 80 0 9.5 +4.4
AIRL Themes Airlines ETF 2.4 35 45 2.0 -3.2
SMOG VanEck Low Carbon Energy ETF 2.4 61 19 1.4 -3.8
MOTG VanEck Morningstar Global Wide Moat ETF 2.3 52 28 8.8 +3.6
ERTH Invesco MSCI Sustainable Future ETF 2.2 62 18 3.0 -2.1
CGXU Capital Group International Focus Equity ETF 2.2 54 26 4.6 -0.6
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.2 78 2 8.4 +3.3
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 2.1 60 20 3.2 -2.0
IVAL Alpha Architect International Quantitative Value ETF 2.1 49 31 8.2 +3.1
FNDC Schwab Fundamental International Small Co. Index ETF 2.1 39 41 5.0 -0.1
IXJ iShares Global Healthcare ETF 2.0 42 38 5.7 +0.5
COPY Tweedy, Browne Insider + Value ETF 2.0 80 0 9.7 +4.6
CRTC Xtrackers US National Critical Technologies ETF 2.0 35 45 4.2 -0.9
HAP VanEck Natural Resources ETF 2.0 50 30 7.1 +2.0
OSEA Harbor International Compounders ETF 1.9 55 25 4.4 -0.8
JETS U.S. Global Jets ETF 1.9 60 20 1.9 -3.2
IXC iShares Global Energy ETF 1.9 44 36 8.2 +3.1
DIVS SmartETFs Dividend Builder ETF 1.8 65 15 4.3 -0.8
EWK iShares MSCI Belgium ETF 1.8 50 30 3.7 -1.4
ISCF iShares International SmallCap Equity Factor ETF 1.8 23 57 7.1 +2.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.8 46 34 7.8 +2.7
MXI iShares Global Materials ETF 1.8 41 39 5.9 +0.7
QTUM Defiance Quantum ETF 1.8 40 40 4.4 -0.8
DISV Dimensional International Small Cap Value ETF 1.8 42 38 7.5 +2.4
SAGP Strategas Global Policy Opportunities ETF 1.7 65 15 4.6 -0.5
GINN Goldman Sachs Innovate Equity ETF 1.7 52 28 3.3 -1.8
INFL Horizon Kinetics Inflation Beneficiaries ETF 1.7 85 -5 2.9 -2.3
FTAG First Trust Indxx Global Agriculture ETF 1.7 70 10 7.0 +1.8
MOO VanEck Agribusiness ETF 1.7 53 27 8.8 +3.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.6 45 35 1.6 -3.5
RXI iShares Global Consumer Discretionary ETF 1.5 41 39 7.3 +2.2
ENOR iShares MSCI Norway ETF 1.5 53 27 8.4 +3.2
NORW Global X MSCI Norway ETF 1.5 50 30 8.6 +3.5
DFIS Dimensional International Small Cap ETF 1.5 39 41 6.0 +0.8
ICLN iShares Global Clean Energy ETF 1.4 41 39 2.6 -2.5
IPAV Global X Infrastructure Development ex-U.S. ETF 1.3 55 25 5.5 +0.3
BCDF Horizon Kinetics Blockchain Development ETF 1.3 85 -5 3.9 -1.3
WDNA WisdomTree BioRevolution Fund 1.3 45 35 -1.9 -7.1
BLDG Cambria Global Real Estate ETF 1.3 60 20 10.6 +5.5
HART IQ Healthy Hearts ETF 1.3 45 35 5.4 +0.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.3 49 31 5.9 +0.7
JGLO JPMorgan Global Select Equity ETF 1.2 33 47 4.3 -0.8
BJK VanEck Gaming ETF 1.2 65 15 4.1 -1.1
IBAT iShares Energy Storage & Materials ETF 1.2 47 33 2.2 -2.9
TOLL Tema Durable Quality ETF 1.1 75 5 4.3 -0.9
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.1 35 45 3.7 -1.4
SCJ iShares MSCI Japan Small-Cap ETF 1.1 50 30 5.7 +0.5
VCLN Virtus Duff & Phelps Clean Energy ETF 1.1 59 21 3.4 -1.7
WRND IQ Global Equity R&D Leaders ETF 1.1 18 62 6.6 +1.5
AGQI First Trust Active Global Quality Income ETF 1.1 85 -5 4.4 -0.8
EDEN iShares MSCI Denmark ETF 1.1 53 27 5.6 +0.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.1 95 -15 9.8 +4.7
TIIV AAM Todd International Intrinsic Value ETF 1.1 54 26 9.4 +4.2
BYRE Principal Real Estate Active Opportunities ETF 1.1 65 15 6.2 +1.1
CGV Conductor Global Equity Value ETF 1.0 130 -50 6.5 +1.4
RITA ETFB Green SRI REITs ETF 1.0 50 30 5.3 +0.2
MOTI VanEck Morningstar International Moat ETF 1.0 58 22 9.3 +4.2
JDOC JPMorgan Healthcare Leaders ETF 1.0 65 15 3.4 -1.8
CGW Invesco S&P Global Water Index ETF 1.0 57 23 4.1 -1.0
EBLU Ecofin Global Water ESG Fund 1.0 40 40 4.1 -1.0
PIO Invesco Global Water ETF 1.0 75 5 3.8 -1.4
TBLU Tortoise Global Water ESG ETF 1.0 40 40 4.1 -1.1
VEGI iShares MSCI Agriculture Producers ETF 1.0 39 41 7.5 +2.3
FDRR Fidelity Dividend ETF for Rising Rates 1.0 15 65 6.0 +0.9
SRVR Pacer Data & Infrastructure Real Estate ETF 0.9 55 25 4.1 -1.1
EIRL iShares MSCI Ireland ETF 0.9 50 30 6.9 +1.8
FVD First Trust Value Line Dividend Index Fund 0.9 65 15 5.4 +0.3
CGGO Capital Group Global Growth Equity ETF 0.9 47 33 3.8 -1.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.8 42 38 5.6 +0.5
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.8 58 22 5.7 +0.5
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.8 79 1 4.3 -0.9
VOLT Tema Electrification ETF 0.8 75 5 2.8 -2.3
BITQ Bitwise Crypto Industry Innovators ETF 0.8 85 -5 -2.2 -7.3
BLOK Amplify Transformational Data Sharing ETF 0.8 75 5 0.4 -4.7
DFNL Davis Select Financial ETF 0.8 63 17 6.5 +1.3
DINT Davis Select International ETF 0.8 55 25 6.8 +1.6
FDFF Fidelity Disruptive Finance ETF 0.8 50 30 4.3 -0.9
EFRA iShares Environmental Infrastructure and Industrials ETF 0.8 47 33 4.6 -0.5
PBD Invesco Global Clean Energy ETF 0.7 75 5 0.6 -4.6
ENZL iShares MSCI New Zealand ETF 0.7 50 30 3.4 -1.8
RNRG Global X Renewable Energy Producers ETF 0.7 66 14 4.7 -0.4
MDEV First Trust Indxx Medical Devices ETF 0.6 70 10 4.4 -0.8
WTRE WisdomTree New Economy Real Estate Fund 0.6 58 22 4.9 -0.2
FPXI First Trust International Equity Opportunities ETF 0.6 70 10 3.4 -1.8
MEM Matthews Emerging Markets Equity Active ETF 0.6 79 1 6.1 +0.9
AKAF The Frontier Economic Fund 0.6 20 60 5.3 +0.1
BMED Future Health ETF 0.6 85 -5 0.2 -5.0
CANC Tema Oncology ETF 0.6 75 5 -2.5 -7.6
HRTS Tema Heart & Health ETF 0.6 75 5 2.0 -3.2
CZA Invesco Zacks Mid-Cap ETF 0.6 72 8 6.6 +1.4
GURU Global X Guru Index ETF 0.6 75 5 2.5 -2.6
JAVA JPMorgan Active Value ETF 0.6 44 36 5.3 +0.2
PKW Invesco Buyback Achievers ETF 0.6 62 18 6.9 +1.8
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.6 79 1 4.9 -0.3
GOP Unusual Whales Subversive Republican Trading ETF 0.6 50 30 4.6 -0.6
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 0.6 65 15 4.2 -1.0
STXM Strive Mid-Cap ETF 0.6 18 62 5.4 +0.2
FDLS Inspire Fidelis Multi Factor ETF 0.6 76 4 3.9 -1.3
SDIV Global X Superdividend ETF 0.5 58 22 14.8 +9.7
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 0.5 60 20 4.5 -0.7
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.5 20 60 4.3 -0.8
QQLV Invesco QQQ Low Volatility ETF 0.5 25 55 4.4 -0.8
ION ProShares S&P Global Core Battery Metals ETF 0.5 58 22 5.5 +0.4
BETZ Roundhill Sports Betting & iGaming ETF 0.5 75 5 2.5 -2.7
EVX VanEck Environmental Services ETF 0.5 55 25 2.1 -3.0
DIVY Sound Equity Dividend Income ETF 0.5 45 35 8.5 +3.3
NDIV Amplify Natural Resources Dividend Income ETF 0.5 59 21 12.6 +7.4
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 0.5 49 31 7.6 +2.5
EIPI FT Energy Income Partners Enhanced Income ETF 0.5 110 -30 6.0 +0.9
EIPX FT Energy Income Partners Strategy ETF 0.5 95 -15 6.7 +1.6
GINX SGI Enhanced Global Income ETF 0.5 98 -18 6.6 +1.5
NUKZ Range Nuclear Renaissance Index ETF 0.5 85 -5 0.9 -4.2
URAN Themes Uranium & Nuclear ETF 0.5 35 45 1.1 -4.0
SCZ iShares MSCI EAFE Small-Cap ETF 0.5 40 40 6.0 +0.8
SRET Global X SuperDividend REIT ETF 0.5 59 21 11.2 +6.0
IDNA iShares Genomics Immunology and Healthcare ETF 0.5 47 33 -2.8 -8.0
RAYJ Rayliant SMDAM Japan Equity ETF 0.4 72 8 3.1 -2.0
ANEW ProShares MSCI Transformational Changes ETF 0.4 45 35 4.8 -0.3
TMFG Motley Fool Global Opportunities ETF 0.4 85 -5 3.7 -1.4
APUE ActivePassive U.S. Equity ETF 0.4 45 35 4.0 -1.2
WTAI WisdomTree Artificial Intelligence and Innovation Fund 0.4 45 35 2.2 -3.0
FPAG FPA Global Equity ETF 0.3 49 31 4.9 -0.3
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 41 8.2 +3.1
SLX VanEck Steel ETF 0.3 56 24 10.8 +5.7
FDHT Fidelity Digital Health ETF 0.3 39 41 1.3 -3.8
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.3 68 12 1.8 -3.4
PCGG Polen Capital Global Growth ETF 0.3 85 -5 3.9 -1.3
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 60 3.5 -1.7
OPTZ Optimize Strategy Index ETF 0.2 50 30 4.1 -1.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 59 3.2 -2.0
QQQ Invesco QQQ Trust Series I 0.2 20 60 3.5 -1.7
QQQM Invesco NASDAQ 100 ETF 0.2 15 65 3.5 -1.6
QUVU Hartford Quality Value ETF 0.2 46 34 6.5 +1.4
GVLU Gotham 1000 Value ETF 0.1 50 30 8.0 +2.8
FDVV Fidelity High Dividend ETF 0.1 15 65 6.7 +1.6
STXV Strive 1000 Value ETF 0.1 18 62 6.8 +1.7
AVDV Avantis International Small Cap Value ETF 0.1 36 44 7.3 +2.1
AVDS Avantis International Small Cap Equity ETF 0.1 30 50 5.7 +0.6
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 48 4.3 -0.9
RVRB Reverb ETF 0.1 30 50 4.0 -1.2
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 45 4.5 -0.7
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 71 4.2 -1.0
IXN iShares Global Tech ETF 0.0 41 39 2.9 -2.2
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 41 5.7 +0.6

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 5.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.68 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.