First Trust Horizon Managed Volatility Developed Intl ETF
ALTAR
Score™		 5.9% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 14.1x P/Sales
ratio		 1.3x
P/BV
ratio		 1.4x Div.
yield		 4.6%


  • 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) $23
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) $31,776
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
CAPITAMALL TRUST 2.0 %
CLP HOLDINGS LTD 2.0 %
HONG KONG & CHINA GAS 2.0 %
TELSTRA CORPORATION LIMITED 1.8 %
SINGAPORE AIRLINES LTD 1.8 %
SINO LAND CO 1.7 %
ASCENDAS REAL ESTATE INV TRT 1.7 %
HONGKONG ELECTRIC HOLDINGS 1.5 %
COLES GROUP LTD. 1.5 %
WILMAR INTERNATIONAL LTD 1.2 %
Total 17.3 %

TOP COUNTRY EXPOSURE
JAPAN 15.2 %
SINGAPORE 12.3 %
HONG KONG 11.5 %
AUSTRALIA 10.2 %
FRANCE 8.6 %
BRITAIN 7.2 %
SWEDEN 5.1 %
GERMANY 5.0 %
ITALY 4.9 %
SWITZERLAND 4.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 29)
Year-to-date 1 year 5 years 10 years Since Incep.
23.6% 14.4% 6.9% -- 4.7%

Market Correlations
versus... Beta R-squared
S&P500 0.47 27%
MSCI EAFE 0.59 50%
MSCI Emg. Mkts. 0.59 53%

Technical Indicators
Recent close $35.34
30d moving avg. $35.35
Annualized volatility 13.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $6,540

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 418 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™: 5.9%


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 43.2 25 55 6.4 +0.4
EFAV iShares MSCI EAFE Min Vol Factor ETF 39.0 22 58 5.8 -0.1
DWMF WisdomTree International Multifactor Fund 32.2 38 42 7.1 +1.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 29.7 32 48 6.1 +0.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 27.6 30 50 7.1 +1.2
CIL VictoryShares International Volatility Wtd ETF 24.9 45 35 6.7 +0.8
TPIF Timothy Plan International ETF 24.2 62 18 6.3 +0.4
DOL WisdomTree International LargeCap Dividend Fund 24.0 48 32 7.3 +1.4
JPIN J.P. Morgan Diversified Return International Equity ETF 21.7 37 43 8.4 +2.5
DWX SPDR S&P International Dividend ETF 21.3 45 35 6.2 +0.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 21.3 40 40 7.5 +1.6
DWM WisdomTree International Equity Fund 21.2 48 32 7.5 +1.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 21.0 29 51 7.8 +1.9
DIVI Franklin International Core Dividend Tilt Index ETF 20.8 9 71 8.1 +2.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 20.7 25 55 7.5 +1.5
DTH WisdomTree International High Dividend Fund 20.6 58 22 8.6 +2.6
EFV iShares MSCI EAFE Value ETF 20.3 34 46 9.2 +3.2
JHMD John Hancock Multifactor Developed International ETF 19.5 39 41 7.7 +1.7
EFA iShares MSCI EAFE ETF 19.4 35 45 6.8 +0.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 19.3 25 55 7.2 +1.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 19.0 36 44 6.6 +0.7
FDEV Fidelity International Multifactor ETF 18.9 18 62 7.5 +1.6
HFXI IQ FTSE International Equity Currency Neutral ETF 18.7 20 60 7.1 +1.2
ESGD iShares ESG Aware MSCI EAFE ETF 18.5 20 60 6.9 +0.9
GSID Goldman Sachs MarketBeta International Equity ETF 18.3 20 60 7.0 +1.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 18.3 9 71 9.2 +3.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 18.1 20 60 6.5 +0.5
CEFA Global X S&P Catholic Values Developed ex-US ETF 18.0 35 45 6.8 +0.8
EPP iShares MSCI Pacific ex-Japan ETF 17.8 47 33 5.1 -0.8
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 17.5 19 61 5.8 -0.1
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 17.4 20 60 6.6 +0.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 17.4 24 56 7.5 +1.6
VWID Virtus WMC International Dividend ETF 17.3 49 31 8.6 +2.6
LVHI Franklin International Low Volatility High Dividend Index ET 17.2 40 40 10.3 +4.4
WWJD Inspire International ETF 17.0 80 0 7.4 +1.5
IEFA iShares Core MSCI EAFE ETF 17.0 7 73 7.1 +1.2
UIVM VictoryShares International Value Momentum ETF 16.8 35 45 9.0 +3.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 16.8 14 66 6.3 +0.4
BKIE BNY Mellon International Equity ETF 16.8 4 76 7.1 +1.2
IMFL Invesco International Developed Dynamic Multifactor ETF 16.7 34 46 6.2 +0.2
EFAS Global X MSCI SuperDividend EAFE ETF 16.6 57 23 8.4 +2.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 16.6 46 34 6.8 +0.8
IQSI IQ Candriam International Equity ETF 16.6 15 65 6.7 +0.8
IEV iShares Europe ETF 16.5 67 13 7.0 +1.1
DMXF iShares ESG Advanced MSCI EAFE ETF 16.5 12 68 5.6 -0.3
JIRE JPMorgan International Research Enhanced Equity ETF 16.3 24 56 7.3 +1.4
BBEU JPMorgan BetaBuilders Europe ETF 16.3 9 71 7.4 +1.4
IQLT iShares MSCI Intl Quality Factor ETF 16.3 30 50 6.4 +0.5
DIM WisdomTree International MidCap Dividend Fund 16.2 58 22 7.6 +1.7
AIVI WisdomTree International AI Enhanced Value Fund 15.9 58 22 7.1 +1.2
FLEE Franklin FTSE Europe ETF 15.9 9 71 7.4 +1.5
IEUR iShares Core MSCI Europe ETF 15.8 11 69 7.5 +1.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 15.7 45 35 9.0 +3.0
IMTM iShares MSCI Intl Momentum Factor ETF 15.6 30 50 5.6 -0.4
STXI Strive International Developed Markets ETF 15.6 29 51 6.8 +0.9
VYMI Vanguard International High Dividend Yield ETF 15.5 17 63 9.6 +3.7
FENI Fidelity Enhanced International ETF 15.5 28 52 6.7 +0.8
SCHF Schwab International Equity ETF 15.3 6 74 7.4 +1.5
SPEU SPDR Portfolio Europe ETF 15.3 7 73 7.6 +1.6
IDEV iShares Core MSCI International Developed Markets ETF 15.2 4 76 7.1 +1.1
VGK Vanguard FTSE Europe ETF 15.2 6 74 7.6 +1.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 15.1 39 41 6.8 +0.9
FNDF Schwab Fundamental International Large Co. Index ETF 14.8 25 55 9.7 +3.8
SPDW SPDR Portfolio Developed World ex-US ETF 14.6 3 77 7.1 +1.2
DFAI Dimensional International Core Equity Market ETF 14.5 18 62 7.2 +1.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 14.3 12 68 6.1 +0.2
VEA Vanguard FTSE Developed Markets ETF 14.0 3 77 7.3 +1.4
IVLU iShares MSCI Intl Value Factor ETF 13.9 30 50 10.5 +4.6
EZU iShares MSCI Eurozone ETF 13.8 52 28 6.9 +1.0
NUDM Nuveen ESG International Developed Markets Equity ETF 13.7 31 49 6.4 +0.5
RFDI First Trust Riverfront Dynamic Developed International ETF 13.5 83 -3 9.6 +3.6
DFIV Dimensional International Value ETF 13.3 27 53 9.7 +3.8
RCGE RockCreek Global Equality ETF 13.2 95 -15 6.8 +0.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 13.2 45 35 7.1 +1.1
IPAC iShares Core MSCI Pacific ETF 13.1 9 71 6.4 +0.5
EFAD ProShares MSCI EAFE Dividend Growers ETF 12.9 50 30 6.1 +0.2
ACWX iShares MSCI ACWI ex U.S. ETF 12.8 34 46 7.9 +1.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.6 41 39 7.5 +1.6
CWI SPDR MSCI ACWI ex-US ETF 12.6 30 50 7.8 +1.8
RODE Hartford Multifactor Diversified International ETF 12.6 29 51 11.4 +5.5
EFG iShares MSCI EAFE Growth ETF 12.5 36 44 4.5 -1.5
INTF iShares International Equity Factor ETF 12.4 15 65 7.7 +1.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 12.4 18 62 8.1 +2.1
DIHP Dimensional International High Profitability ETF 12.4 29 51 7.3 +1.3
FIVA Fidelity International Value Factor ETF 12.3 18 62 10.0 +4.1
QINT American Century Quality Diversified International ETF 12.3 39 41 7.5 +1.5
EWS iShares MSCI Singapore ETF 12.3 50 30 4.9 -1.0
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 11.9 25 55 5.9 -0.0
DVYA iShares Asia/Pacific Dividend ETF 11.9 49 31 7.7 +1.7
VPL Vanguard FTSE Pacific ETF 11.7 7 73 6.9 +1.0
EWH iShares MSCI Hong Kong ETF 11.5 50 30 5.2 -0.7
VEU Vanguard FTSE All-World ex-US Index Fund 11.4 4 76 8.2 +2.3
INEQ Columbia International Equity Income ETF 11.4 45 35 8.1 +2.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 11.1 39 41 8.0 +2.1
SCHY Schwab International Dividend Equity ETF 11.1 14 66 9.8 +3.8
FEUZ First Trust Eurozone AlphaDEX ETF 11.1 80 0 9.3 +3.4
AVDE Avantis International Equity ETF 11.1 23 57 7.5 +1.6
FLHK Franklin FTSE Hong Kong ETF 11.0 9 71 6.7 +0.8
IXUS iShares Core MSCI Total International Stock ETF 10.9 7 73 8.0 +2.1
FIDI Fidelity International High Dividend ETF 10.9 18 62 8.8 +2.8
AVSD Avantis Responsible International Equity ETF 10.9 23 57 5.8 -0.2
GCOW Pacer Global Cash Cows Dividend ETF 10.8 60 20 10.9 +4.9
AVIV Avantis International Large Cap Value ETF 10.7 25 55 8.7 +2.8
PPIE Putnam PanAgora ESG International Equity ETF 10.7 49 31 7.6 +1.7
IDV iShares International Select Dividend ETF 10.6 51 29 10.8 +4.9
VSGX Vanguard ESG International Stock ETF 10.6 10 70 7.8 +1.9
VXUS Vanguard Total International Stock ETF 10.5 5 75 8.0 +2.1
IDMO Invesco S&P International Developed Momentum ETF 10.5 25 55 5.4 -0.5
DFIC Dimensional International Core Equity 2 ETF 10.5 23 57 7.5 +1.6
DFSI Dimensional International Sustainability Core 1 ETF 10.4 24 56 6.5 +0.5
FID First Trust S&P International Dividend Aristocrats ETF 10.3 60 20 8.0 +2.0
IGRO iShares International Dividend Growth ETF 10.2 15 65 7.3 +1.4
JHID John Hancock International High Dividend ETF 10.2 46 34 9.6 +3.7
FEP First Trust Europe AlphaDEX Fund 10.2 80 0 9.3 +3.4
OEUR ALPS O'Shares Europe Quality Dividend ETF 10.2 48 32 6.2 +0.2
IDOG ALPS International Sector Dividend Dogs ETF 10.1 50 30 12.2 +6.3
ACWV iShares MSCI Global Min Vol Factor ETF 10.1 20 60 6.2 +0.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 10.1 25 55 7.1 +1.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 9.7 12 68 8.2 +2.3
WDIV SPDR S&P Global Dividend ETF 9.5 40 40 9.3 +3.4
DXIV Dimensional International Vector Equity ETF 9.5 34 46 7.9 +2.0
IQRA IQ CBRE Real Assets ETF 9.4 65 15 5.8 -0.2
DEW WisdomTree Global High Dividend Fund 9.3 58 22 8.4 +2.5
BLES Inspire Global Hope ETF 9.3 61 19 6.9 +0.9
FGD First Trust Dow Jones Global Select Dividend Index Fund 9.2 56 24 10.8 +4.9
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 9.2 10 70 8.2 +2.2
FICS First Trust International Developed Capital Strength ETF 9.2 70 10 7.4 +1.5
EWJV iShares MSCI Japan Value ETF 9.2 15 65 8.8 +2.9
ASEA Global X FTSE Southeast Asia ETF 9.1 65 15 6.8 +0.8
IFGL iShares International Developed Real Estate ETF 9.1 48 32 7.1 +1.1
QWLD SPDR MSCI World StrategicFactors ETF 9.1 30 50 6.0 +0.1
BBJP JPMorgan BetaBuilders Japan ETF 9.0 19 61 6.9 +1.0
RFEU First Trust Riverfront Dynamic Europe ETF 8.9 83 -3 10.9 +4.9
EWJ iShares MSCI Japan ETF 8.9 50 30 6.3 +0.3
DBJP Xtrackers MSCI Japan Hedged Equity ETF 8.9 47 33 6.3 +0.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 8.8 47 33 5.9 -0.1
EWA iShares MSCI Australia ETF 8.8 50 30 5.7 -0.3
FLAU Franklin FTSE Australia ETF 8.6 9 71 6.1 +0.2
KXI iShares Global Consumer Staples ETF 8.6 41 39 5.5 -0.4
IQDF FlexShares International Quality Dividend Index Fund 8.5 47 33 9.1 +3.1
IDHQ Invesco S&P International Developed High Quality ETF 8.5 29 51 6.8 +0.9
RWX SPDR Dow Jones International Real Estate ETF 8.4 59 21 7.0 +1.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.4 47 33 8.5 +2.6
FLJP Franklin FTSE Japan ETF 8.3 9 71 6.4 +0.5
FLJH Franklin FTSE Japan Hedged ETF 8.2 9 71 6.2 +0.2
VIDI Vident International Equity Strategy ETF 8.2 61 19 11.1 +5.1
TTAI FCF International Quality ETF 8.1 59 21 7.2 +1.3
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 8.1 65 15 4.4 -1.5
EUFN iShares MSCI Europe Financials ETF 7.9 51 29 8.1 +2.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 7.8 80 0 9.1 +3.2
JPXN iShares JPX-Nikkei 400 ETF 7.8 48 32 6.8 +0.8
LEGR First Trust Indxx Innovative Transaction & Process ETF 7.8 65 15 8.2 +2.2
GVAL Cambria Global Value ETF 7.7 68 12 10.6 +4.7
EUDV ProShares MSCI Europe Dividend Growers ETF 7.6 55 25 6.4 +0.5
FEOE First Eagle Overseas Equity ETF 7.6 79 1 8.1 +2.2
EWQ iShares MSCI France ETF 7.5 53 27 7.5 +1.5
ESGG FlexShares STOXX Global ESG Select Index Fund 7.5 42 38 5.5 -0.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 7.4 30 50 8.0 +2.0
FEZ SPDR EURO STOXX 50 ETF 7.2 29 51 7.3 +1.4
EUDG WisdomTree Europe Quality Dividend Growth Fund 6.8 58 22 7.1 +1.1
NXTG First Trust Indxx NextG ETF 6.8 70 10 5.5 -0.5
KLMT Invesco MSCI Global Climate 500 ETF 6.6 10 70 5.8 -0.2
FYLD Cambria Foreign Shareholder Yield ETF 6.6 59 21 11.7 +5.8
VIGI Vanguard International Dividend Appreciation ETF 6.5 10 70 6.4 +0.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 6.5 80 0 9.7 +3.8
FDD First Trust Stoxx European Select Dividend Index Fund 6.5 58 22 11.6 +5.6
GQRE FlexShares Global Quality Real Estate Index Fund 6.4 45 35 7.9 +2.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.4 78 2 9.5 +3.5
EWU iShares MSCI United Kingdom ETF 6.3 50 30 8.3 +2.4
CGDG Capital Group Dividend Growers ETF 6.2 47 33 6.3 +0.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 6.1 58 22 7.2 +1.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 6.1 65 15 12.2 +6.3
IQDG WisdomTree International Quality Dividend Growth Fund 6.1 42 38 7.5 +1.6
CGIE Capital Group International Equity ETF 6.1 54 26 5.2 -0.7
FLGB Franklin FTSE United Kingdom ETF 6.1 9 71 7.7 +1.8
HEDJ WisdomTree Europe Hedged Equity Fund 6.0 58 22 6.7 +0.7
BKCI BNY Mellon Concentrated International ETF 5.9 80 0 5.4 -0.6
JSTC Adasina Social Justice All Cap Global ETF 5.8 89 -9 4.9 -1.1
IXG iShares Global Financials ETF 5.8 42 38 6.6 +0.7
IXP iShares Global Comm Services ETF 5.8 42 38 5.7 -0.3
BINV Brandes International ETF 5.8 70 10 9.5 +3.6
DSTX Distillate International Fundamental Stability & Value ETF 5.8 55 25 8.0 +2.1
DGT SPDR Global Dow ETF 5.7 50 30 7.1 +1.2
ERET iShares Environmentally Aware Real Estate ETF 5.7 30 50 7.5 +1.5
UMMA Wahed Dow Jones Islamic World ETF 5.6 65 15 5.6 -0.4
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 5.3 80 0 5.1 -0.8
JIG JPMorgan International Growth ETF 5.3 55 25 4.9 -1.0
JXI iShares Global Utilities ETF 5.2 43 37 6.0 +0.0
URTH iShares MSCI World ETF 5.2 24 56 5.2 -0.8
KOKU Xtrackers MSCI Kokusai Equity ETF 5.0 9 71 5.3 -0.7
RWO SPDR Dow Jones Global Real Estate ETF 5.0 50 30 7.1 +1.1
EWD iShares MSCI Sweden ETF 5.0 54 26 5.5 -0.5
FLGR Franklin FTSE Germany ETF 4.9 9 71 7.2 +1.2
EWI iShares MSCI Italy ETF 4.8 50 30 10.6 +4.7
EWG iShares MSCI Germany ETF 4.8 50 30 6.4 +0.5
TOK iShares MSCI Kokusai ETF 4.8 26 54 5.1 -0.8
VGSR Vert Global Sustainable Real Estate ETF 4.8 47 33 7.5 +1.5
KNO AXS Knowledge Leaders ETF 4.7 78 2 6.1 +0.1
SDG iShares MSCI Global Sustainable Development Goals ETF 4.7 49 31 5.9 -0.0
ACWI iShares MSCI ACWI ETF 4.7 32 48 5.6 -0.3
FEGE First Eagle Global Equity ETF 4.6 79 1 7.0 +1.1
CZAR Themes Natural Monopoly ETF 4.6 35 45 5.8 -0.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 4.5 42 38 7.4 +1.5
DIVS SmartETFs Dividend Builder ETF 4.4 65 15 5.1 -0.8
EWN iShares MSCI Netherlands ETF 4.4 50 30 5.8 -0.1
SRET Global X SuperDividend REIT ETF 4.3 59 21 12.1 +6.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.2 12 68 5.3 -0.7
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 4.2 46 34 5.7 -0.3
ERTH Invesco MSCI Sustainable Future ETF 4.1 62 18 3.8 -2.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 4.1 9 71 5.8 -0.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.1 20 60 5.7 -0.2
EWL iShares MSCI Switzerland ETF 4.1 50 30 6.3 +0.4
VT Vanguard Total World Stock ETF 3.9 6 74 5.9 0.0
DXJ WisdomTree Japan Hedged Equity Fund 3.9 48 32 7.5 +1.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 3.9 70 10 9.5 +3.6
DAX Global X DAX Germany ETF 3.9 21 59 6.8 +0.9
AIA iShares Asia 50 ETF 3.9 50 30 13.0 +7.0
IPKW Invesco International BuyBack Achievers ETF 3.9 55 25 12.7 +6.7
REET iShares Global REIT ETF 3.8 14 66 7.5 +1.6
BLLD JPMorgan Sustainable Infrastructure ETF 3.8 49 31 6.1 +0.2
AVRE Avantis Real Estate ETF 3.8 17 63 7.2 +1.3
GNR SPDR S&P Global Natural Resources ETF 3.7 40 40 11.0 +5.0
DFGR Dimensional Global Real Estate ETF 3.7 22 58 7.5 +1.6
FLAX Franklin FTSE Asia Ex Japan ETF 3.7 19 61 9.5 +3.6
FLSW Franklin FTSE Switzerland ETF 3.7 9 71 6.5 +0.5
GLOF iShares Global Equity Factor ETF 3.6 20 60 6.6 +0.6
KOCG FIS Knights of Columbus Global Belief ETF 3.6 75 5 5.2 -0.7
KNCT Invesco Next Gen Connectivity ETF 3.5 40 40 5.0 -1.0
IOO iShares Global 100 ETF 3.4 41 39 4.8 -1.1
EXI iShares Global Industrials ETF 3.4 42 38 4.6 -1.4
WLDR Affinity World Leaders Equity ETF 3.4 67 13 7.6 +1.7
IVAL Alpha Architect International Quantitative Value ETF 3.4 49 31 9.9 +4.0
FJP First Trust Japan AlphaDEX Fund 3.3 80 0 8.9 +3.0
IXJ iShares Global Healthcare ETF 3.3 42 38 7.3 +1.3
FSZ First Trust Switzerland AlphaDEX Fund 3.3 80 0 5.4 -0.5
GII SPDR S&P Global Infrastructure ETF 3.2 40 40 4.8 -1.1
IGF iShares Global Infrastructure ETF 3.2 41 39 4.8 -1.2
CCNR ALPS CoreCommodity Natural Resources ETF 3.1 39 41 11.0 +5.1
FPXI First Trust International Equity Opportunities ETF 3.1 70 10 4.3 -1.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.8 58 22 4.9 -1.1
RGEF Rockefeller Global Equity ETF 2.8 55 25 4.9 -1.1
AIRL Themes Airlines ETF 2.8 35 45 1.7 -4.2
HAP VanEck Natural Resources ETF 2.8 50 30 9.4 +3.4
MOTI VanEck Morningstar International Moat ETF 2.7 58 22 12.1 +6.2
RAYD Rayliant Quantitative Developed Market Equity ETF 2.6 80 0 4.5 -1.4
FKU First Trust United Kingdom AlphaDEX Fund 2.6 80 0 7.5 +1.6
PATN Pacer Nasdaq International Patent Leaders ETF 2.6 65 15 6.4 +0.4
GLBL Pacer MSCI World Industry Advantage ETF 2.5 65 15 4.2 -1.7
DTAN Sparkline International Intangible Value ETF 2.5 55 25 8.7 +2.8
MOTG VanEck Morningstar Global Wide Moat ETF 2.5 52 28 7.8 +1.9
FAN First Trust Global Wind Energy ETF 2.4 60 20 4.7 -1.2
OBOR KraneShares MSCI One Belt One Road Index ETF 2.4 79 1 9.1 +3.1
FNDC Schwab Fundamental International Small Co. Index ETF 2.3 39 41 5.8 -0.1
MXI iShares Global Materials ETF 2.3 41 39 7.6 +1.7
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.3 46 34 9.9 +3.9
QTUM Defiance Quantum ETF 2.2 40 40 5.7 -0.2
IWTR iShares MSCI Water Management Multisector ETF 2.2 47 33 5.8 -0.1
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.2 70 10 4.9 -1.0
COPY Tweedy, Browne Insider + Value ETF 2.1 80 0 11.9 +6.0
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 2.1 60 20 3.7 -2.2
FGM First Trust Germany AlphaDEX Fund 2.0 80 0 6.4 +0.5
EWP iShares MSCI Spain ETF 2.0 50 30 7.3 +1.4
OSEA Harbor International Compounders ETF 2.0 55 25 5.0 -1.0
JGLO JPMorgan Global Select Equity ETF 2.0 33 47 5.0 -0.9
WRND IQ Global Equity R&D Leaders ETF 1.9 18 62 8.5 +2.5
CRTC Xtrackers US National Critical Technologies ETF 1.9 35 45 4.9 -1.1
JETS U.S. Global Jets ETF 1.9 60 20 2.6 -3.3
CGGO Capital Group Global Growth Equity ETF 1.9 47 33 4.8 -1.2
FILL iShares MSCI Global Energy Producers ETF 1.8 39 41 11.5 +5.6
IXC iShares Global Energy ETF 1.8 44 36 10.0 +4.1
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 1.8 75 5 8.0 +2.0
SMOG VanEck Low Carbon Energy ETF 1.8 61 19 1.9 -4.1
ISCF iShares International SmallCap Equity Factor ETF 1.7 23 57 8.3 +2.4
BJK VanEck Gaming ETF 1.7 65 15 4.0 -2.0
OCEN IQ Clean Oceans ETF 1.6 45 35 6.0 +0.1
EWK iShares MSCI Belgium ETF 1.6 50 30 4.5 -1.4
GSFP Goldman Sachs Future Planet Equity ETF 1.6 75 5 4.8 -1.1
INFL Horizon Kinetics Inflation Beneficiaries ETF 1.6 85 -5 3.9 -2.0
MDEV First Trust Indxx Medical Devices ETF 1.6 70 10 4.5 -1.4
VCLN Virtus Duff & Phelps Clean Energy ETF 1.6 59 21 4.9 -1.0
CLNR IQ Cleaner Transport ETF 1.6 45 35 6.6 +0.7
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.5 58 22 8.9 +3.0
EDEN iShares MSCI Denmark ETF 1.5 53 27 7.1 +1.2
SAGP Strategas Global Policy Opportunities ETF 1.5 65 15 5.4 -0.5
ICLN iShares Global Clean Energy ETF 1.4 41 39 5.3 -0.6
BCDF Horizon Kinetics Blockchain Development ETF 1.4 85 -5 4.2 -1.8
TMFG Motley Fool Global Opportunities ETF 1.4 85 -5 3.9 -2.0
DISV Dimensional International Small Cap Value ETF 1.4 42 38 9.2 +3.2
CGXU Capital Group International Focus Equity ETF 1.4 54 26 5.7 -0.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.4 49 31 6.9 +1.0
GINN Goldman Sachs Innovate Equity ETF 1.3 52 28 3.7 -2.2
TEMP JPMorgan Climate Change Solutions ETF 1.3 49 31 5.9 0.0
ENOR iShares MSCI Norway ETF 1.3 53 27 11.0 +5.0
NORW Global X MSCI Norway ETF 1.3 50 30 10.6 +4.7
AGQI First Trust Active Global Quality Income ETF 1.3 85 -5 5.0 -1.0
DTEC ALPS Disruptive Technologies ETF 1.3 50 30 4.0 -2.0
ANEW ProShares MSCI Transformational Changes ETF 1.3 45 35 6.2 +0.3
FTAG First Trust Indxx Global Agriculture ETF 1.2 70 10 8.4 +2.5
MOO VanEck Agribusiness ETF 1.2 53 27 10.5 +4.6
IVEG iShares Emergent Food and AgTech Multisector ETF 1.2 47 33 9.2 +3.3
IDNA iShares Genomics Immunology and Healthcare ETF 1.2 47 33 -2.2 -8.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.1 95 -15 11.9 +6.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.1 35 45 4.3 -1.7
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.1 60 20 4.6 -1.3
HGRO Hedgeye Quality Growth ETF 1.1 70 10 3.4 -2.5
FDFF Fidelity Disruptive Finance ETF 1.1 50 30 4.3 -1.6
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.0 20 60 4.5 -1.4
IMOM Alpha Architect International Quantitative Momentum ETF 1.0 49 31 3.3 -2.6
SHPP Pacer Industrials and Logistics ETF 1.0 60 20 8.8 +2.8
BLDG Cambria Global Real Estate ETF 1.0 60 20 11.6 +5.7
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.0 58 22 4.3 -1.6
CUT Invesco MSCI Global Timber ETF 1.0 61 19 10.4 +4.5
WOOD iShares Global Timber & Forestry ETF 1.0 42 38 12.1 +6.2
BETZ Roundhill Sports Betting & iGaming ETF 0.9 75 5 2.6 -3.3
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.9 56 24 0.3 -5.6
VEGI iShares MSCI Agriculture Producers ETF 0.9 39 41 8.7 +2.8
DFIS Dimensional International Small Cap ETF 0.9 39 41 7.4 +1.5
HART IQ Healthy Hearts ETF 0.9 45 35 6.6 +0.7
AGNG Global X Aging Population ETF 0.8 50 30 4.8 -1.1
ABLG Abacus FCF International Leaders ETF 0.8 59 21 7.1 +1.1
WDNA WisdomTree BioRevolution Fund 0.7 45 35 -1.4 -7.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.7 45 35 4.0 -2.0
GSIB Themes Global Systemically Important Banks ETF 0.7 35 45 9.3 +3.4
MEM Matthews Emerging Markets Equity Active ETF 0.7 79 1 8.1 +2.2
BITQ Bitwise Crypto Industry Innovators ETF 0.7 85 -5 -2.5 -8.5
BLOK Amplify Transformational Data Sharing ETF 0.7 75 5 -0.4 -6.3
DFNL Davis Select Financial ETF 0.7 63 17 7.5 +1.6
DINT Davis Select International ETF 0.7 55 25 8.2 +2.3
GDOC Goldman Sachs Future Health Care Equity ETF 0.7 75 5 2.8 -3.1
OAIM OneAscent International Equity ETF 0.7 95 -15 5.8 -0.1
SUPL ProShares Supply Chain Logistics ETF 0.7 58 22 12.0 +6.0
TOLL Tema Monopolies and Oligopolies ETF 0.7 75 5 5.2 -0.8
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.7 79 1 5.1 -0.9
VOLT Tema Electrification ETF 0.7 75 5 2.9 -3.0
RITA ETFB Green SRI REITs ETF 0.6 50 30 6.1 +0.1
RSHO Tema American Reshoring ETF 0.6 75 5 4.6 -1.4
IBAT iShares Energy Storage & Materials ETF 0.6 47 33 3.9 -2.1
FDRR Fidelity Dividend ETF for Rising Rates 0.6 15 65 7.1 +1.1
IPAV Global X Infrastructure Development ex-U.S. ETF 0.6 55 25 7.9 +2.0
PICK iShares MSCI Global Metals & Mining Producers ETF 0.6 39 41 12.8 +6.9
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.6 68 12 2.4 -3.5
EIRL iShares MSCI Ireland ETF 0.6 50 30 8.7 +2.8
PBD Invesco Global Clean Energy ETF 0.6 75 5 -0.3 -6.2
BMED Future Health ETF 0.5 85 -5 0.5 -5.5
FDHT Fidelity Digital Health ETF 0.5 39 41 0.9 -5.1
FFLC Fidelity Fundamental Large Cap Core ETF 0.5 38 42 4.6 -1.3
CGUS Capital Group Core Equity ETF 0.5 33 47 4.4 -1.5
FINE Themes European Luxury ETF 0.5 35 45 3.6 -2.3
FBCV Fidelity Blue Chip Value ETF 0.5 59 21 7.4 +1.5
FTRI First Trust Indxx Global Natural Resources Income ETF 0.5 70 10 7.5 +1.6
SYNB Putnam BioRevolution ETF 0.5 70 10 2.9 -3.0
ENZL iShares MSCI New Zealand ETF 0.4 50 30 3.8 -2.1
RNRG Global X Renewable Energy Producers ETF 0.4 66 14 1.4 -4.5
FVD First Trust Value Line Dividend Index Fund 0.4 65 15 6.3 +0.3
RXI iShares Global Consumer Discretionary ETF 0.4 41 39 9.4 +3.5
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.4 61 19 1.5 -4.5
PAWZ ProShares Pet Care ETF 0.4 50 30 3.8 -2.2
XT iShares Exponential Technologies ETF 0.4 46 34 5.0 -0.9
PCGG Polen Capital Global Growth ETF 0.4 85 -5 3.9 -2.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.4 50 30 11.2 +5.3
FDNI First Trust Dow Jones International Internet ETF 0.4 65 15 21.3 +15.4
PTEC Global X PropTech ETF 0.4 50 30 1.7 -4.2
AIQ Global X Artificial Intelligence & Technology ETF 0.4 68 12 3.9 -2.0
EFRA iShares Environmental Infrastructure and Industrials ETF 0.3 47 33 5.3 -0.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.3 39 41 16.6 +10.6
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 55 12.0 +6.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.3 15 65 8.1 +2.2
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 60 4.3 -1.7
OGIG ALPS O'Shares Global Internet Giants ETF 0.3 48 32 1.6 -4.3
QQQ Invesco QQQ Trust Series I 0.2 20 60 4.2 -1.8
QQQM Invesco NASDAQ 100 ETF 0.2 15 65 4.2 -1.7
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.2 49 31 3.9 -2.1
AADR AdvisorShares Dorsey Wright ADR ETF 0.2 110 -30 4.9 -1.0
AVDV Avantis International Small Cap Value ETF 0.2 36 44 9.6 +3.7
BUG Global X Cybersecurity ETF 0.2 51 29 2.4 -3.5
CIBR First Trust NASDAQ Cybersecurity ETF 0.2 60 20 4.2 -1.8
EIS iShares MSCI Israel ETF 0.2 58 22 8.3 +2.3
FITE SPDR S&P Kensho Future Security ETF 0.2 45 35 1.7 -4.3
HACK ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund 0.2 60 20 3.5 -2.4
IHAK iShares Cybersecurity & Tech ETF 0.2 47 33 4.1 -1.8
ISRA VanEck Israel ETF 0.2 59 21 7.5 +1.5
ITEQ BlueStar Israel Technology ETF 0.2 75 5 1.8 -4.2
IZRL ARK Israel Innovative Technology ETF 0.2 49 31 1.2 -4.7
JOET Virtus Terranova US Quality Momentum ETF 0.2 29 51 4.7 -1.2
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.2 12 68 5.8 -0.2
QLC FlexShares US Quality Large Cap Index Fund 0.2 25 55 5.4 -0.5
QLV FlexShares US Quality Low Volatility Index Fund 0.2 22 58 5.6 -0.3
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.2 20 60 4.6 -1.3
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.2 15 65 4.8 -1.2
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.2 40 40 3.8 -2.1
TMAT Main Thematic Innovation ETF 0.2 164 -84 -1.4 -7.4
WCBR WisdomTree Cybersecurity Fund 0.2 45 35 1.8 -4.1
XITK SPDR FactSet Innovative Technology ETF 0.2 45 35 -0.3 -6.2
TRFK Pacer Data and Digital Revolution ETF 0.2 60 20 3.1 -2.8
PRAY FIS Christian Stock Fund 0.2 69 11 5.2 -0.8
SPAM Themes Cybersecurity ETF 0.2 35 45 2.1 -3.8
CLOD Themes Cloud Computing ETF 0.2 35 45 3.2 -2.7
RJMG FT Raymond James Multicap Growth Equity ETF 0.2 85 -5 2.1 -3.9
THRO iShares U.S. Thematic Rotation Active ETF 0.2 90 -10 4.0 -1.9
BEEX BeeHive ETF 0.2 84 -4 4.4 -1.6
LST Leuthold Select Industries ETF 0.2 91 -11 5.1 -0.8
APIE ActivePassive International Equity ETF 0.2 45 35 7.7 +1.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 59 3.8 -2.2
IBLC iShares Blockchain and Tech ETF 0.2 47 33 -3.0 -9.0
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 31 16.0 +10.1
FDVV Fidelity High Dividend ETF 0.2 15 65 7.6 +1.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 44 10.0 +4.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 65 10.5 +4.5
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 69 10.3 +4.3
IXN iShares Global Tech ETF 0.1 41 39 3.7 -2.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 21 9.1 +3.1
KOMP SPDR S&P Kensho New Economies Composite ETF 0.1 20 60 2.6 -3.4
RVRB Reverb ETF 0.1 30 50 4.6 -1.3
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 48 5.0 -0.9
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 45 5.2 -0.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 47 10.3 +4.4
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 41 6.8 +0.9
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 71 4.8 -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%.

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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 9.0 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.66 CATEGORY
AVERAGE		 1.63
 
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.