First Trust Horizon Managed Volatility Developed Intl ETF
ALTAR
Score™		 5.9% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 14.5x P/Sales
ratio		 1.3x
P/BV
ratio		 1.3x Div.
yield		 4.4%


  • 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 160
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
OVERSEA-CHINESE BANKING CORP 2.2 %
MTR CORP 2.2 %
CLP HOLDINGS LTD 2.1 %
HONG KONG & CHINA GAS 2.0 %
HONGKONG ELECTRIC HOLDINGS 1.8 %
UNITED OVERSEAS BANK LTD 1.7 %
WILMAR INTERNATIONAL LTD 1.7 %
CAPITALAND INTEGRATED COMMERCIAL T 1.7 %
TELSTRA CORPORATION LIMITED 1.6 %
SINGAPORE AIRLINES LTD 1.5 %
Total 18.4 %

TOP COUNTRY EXPOSURE
JAPAN 15.9 %
SINGAPORE 12.0 %
HONG KONG 11.9 %
FRANCE 8.1 %
BRITAIN 7.1 %
AUSTRALIA 6.6 %
SWITZERLAND 6.0 %
ITALY 5.8 %
GERMANY 5.1 %
SWEDEN 4.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
24.5% 19.1% 6.4% -- 4.7%

Market Correlations
versus... Beta R-squared
S&P500 0.26 16%
MSCI EAFE 0.58 59%
MSCI Emg. Mkts. 0.39 31%

Technical Indicators
Recent close $35.05
30d moving avg. $34.98
Annualized volatility 12.5%
Short interest (ETF) 0.2%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $6,540

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 390 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 47.2 25 55 6.5 +0.7
EFAV iShares MSCI EAFE Min Vol Factor ETF 37.0 22 58 5.8 -0.0
DWMF WisdomTree International Multifactor Fund 32.8 38 42 7.0 +1.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 28.9 32 48 5.9 +0.0
CIL VictoryShares International Volatility Wtd ETF 27.1 45 35 6.4 +0.5
QEFA SPDR MSCI EAFE StrategicFactors ETF 26.4 30 50 6.7 +0.8
DOL WisdomTree International LargeCap Dividend Fund 26.3 48 32 6.8 +0.9
TPIF Timothy Plan International ETF 26.1 62 18 6.0 +0.1
JPIN J.P. Morgan Diversified Return International Equity ETF 25.3 37 43 7.8 +1.9
DIVI Franklin International Core Dividend Tilt Index ETF 23.6 9 71 7.5 +1.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 23.3 25 55 7.1 +1.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 23.3 40 40 7.0 +1.1
DWM WisdomTree International Equity Fund 23.1 48 32 6.9 +1.1
DTH WisdomTree International High Dividend Fund 23.1 58 22 7.9 +2.1
EFV iShares MSCI EAFE Value ETF 22.8 34 46 8.5 +2.6
DWX SPDR S&P International Dividend ETF 22.4 45 35 7.2 +1.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 22.0 29 51 7.4 +1.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 21.6 25 55 6.9 +1.0
JHMD John Hancock Multifactor Developed International ETF 21.3 39 41 7.1 +1.3
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 21.3 9 71 8.9 +3.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 20.2 36 44 6.3 +0.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 20.1 24 56 7.1 +1.2
HFXI IQ FTSE International Equity Currency Neutral ETF 20.1 20 60 6.6 +0.7
LVHI Franklin International Low Volatility High Dividend Index ET 20.0 40 40 10.1 +4.2
GSID Goldman Sachs MarketBeta International Equity ETF 19.7 20 60 6.5 +0.6
AIVI WisdomTree International AI Enhanced Value Fund 19.5 58 22 6.7 +0.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 19.0 46 34 6.5 +0.6
EFA iShares MSCI EAFE ETF 18.8 35 45 6.4 +0.5
JIRE JPMorgan International Research Enhanced Equity ETF 18.4 24 56 6.8 +1.0
BBEU JPMorgan BetaBuilders Europe ETF 18.3 9 71 7.0 +1.1
ESGD iShares ESG Aware MSCI EAFE ETF 18.3 20 60 6.3 +0.4
FDEV Fidelity International Multifactor ETF 18.2 18 62 7.4 +1.5
IQSI IQ Candriam International Equity ETF 18.1 15 65 6.2 +0.4
FLEE Franklin FTSE Europe ETF 18.1 9 71 7.0 +1.1
BKIE BNY Mellon International Equity ETF 18.0 4 76 6.6 +0.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 17.9 35 45 6.2 +0.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 17.8 14 66 5.9 +0.0
IEV iShares Europe ETF 17.8 67 13 6.6 +0.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 17.8 39 41 6.4 +0.5
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 17.5 20 60 6.1 +0.3
IMFL Invesco International Developed Dynamic Multifactor ETF 17.5 34 46 5.8 -0.1
DIM WisdomTree International MidCap Dividend Fund 17.4 58 22 7.2 +1.3
VWID Virtus WMC International Dividend ETF 17.2 49 31 7.9 +2.1
DMXF iShares ESG Advanced MSCI EAFE ETF 17.0 12 68 5.4 -0.5
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 16.9 19 61 5.5 -0.4
IEUR iShares Core MSCI Europe ETF 16.8 11 69 7.1 +1.2
IEFA iShares Core MSCI EAFE ETF 16.5 7 73 6.7 +0.8
IQLT iShares MSCI Intl Quality Factor ETF 16.4 30 50 6.1 +0.2
VYMI Vanguard International High Dividend Yield ETF 16.3 17 63 9.0 +3.1
WWJD Inspire International ETF 16.2 80 0 7.1 +1.3
SPEU SPDR Portfolio Europe ETF 16.1 7 73 7.1 +1.3
UIVM VictoryShares International Value Momentum ETF 16.0 35 45 8.4 +2.6
STXI Strive International Developed Markets ETF 15.9 29 51 6.3 +0.4
VGK Vanguard FTSE Europe ETF 15.9 6 74 7.2 +1.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 15.8 20 60 6.1 +0.2
FENI Fidelity Enhanced International ETF 15.7 28 52 6.2 +0.3
EPP iShares MSCI Pacific ex-Japan ETF 15.7 47 33 5.2 -0.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 15.3 45 35 8.3 +2.5
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 15.3 12 68 5.7 -0.1
EFAS Global X MSCI SuperDividend EAFE ETF 14.9 57 23 8.4 +2.5
IDEV iShares Core MSCI International Developed Markets ETF 14.9 4 76 6.6 +0.8
FNDF Schwab Fundamental International Large Co. Index ETF 14.8 25 55 8.9 +3.0
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 14.7 45 35 6.8 +0.9
DFIV Dimensional International Value ETF 14.6 27 53 8.9 +3.1
IVLU iShares MSCI Intl Value Factor ETF 14.5 30 50 9.6 +3.7
DFAI Dimensional International Core Equity Market ETF 14.3 18 62 6.7 +0.9
SCHF Schwab International Equity ETF 14.1 6 74 6.8 +1.0
EZU iShares MSCI Eurozone ETF 14.1 52 28 6.4 +0.6
SPDW SPDR Portfolio Developed World ex-US ETF 14.1 3 77 6.7 +0.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 13.8 41 39 7.1 +1.3
VEA Vanguard FTSE Developed Markets ETF 13.7 3 77 6.8 +0.9
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 13.7 25 55 6.0 +0.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 13.4 18 62 7.3 +1.4
NUDM Nuveen ESG International Developed Markets Equity ETF 13.4 31 49 5.9 +0.0
RCGE RockCreek Global Equality ETF 13.4 95 -15 6.6 +0.7
RFDI First Trust Riverfront Dynamic Developed International ETF 13.4 83 -3 8.9 +3.0
RODE Hartford Multifactor Diversified International ETF 13.0 29 51 10.3 +4.5
AVDE Avantis International Equity ETF 13.0 23 57 7.0 +1.2
CWI SPDR MSCI ACWI ex-US ETF 12.4 30 50 7.3 +1.5
AVSD Avantis Responsible International Equity ETF 12.4 23 57 5.1 -0.7
DVYA iShares Asia/Pacific Dividend ETF 12.4 49 31 7.3 +1.4
INTF iShares International Equity Factor ETF 12.4 15 65 7.3 +1.4
AVIV Avantis International Large Cap Value ETF 12.4 25 55 8.2 +2.4
ACWX iShares MSCI ACWI ex U.S. ETF 12.3 34 46 7.3 +1.4
JHID John Hancock International High Dividend ETF 12.3 46 34 9.2 +3.3
FIDI Fidelity International High Dividend ETF 12.2 18 62 8.0 +2.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 12.2 39 41 7.5 +1.7
DIHP Dimensional International High Profitability ETF 12.0 29 51 6.5 +0.7
IQRA IQ CBRE Real Assets ETF 11.8 65 15 5.7 -0.1
QINT American Century Quality Diversified International ETF 11.7 39 41 6.8 +1.0
IPAC iShares Core MSCI Pacific ETF 11.4 9 71 6.0 +0.1
EWH iShares MSCI Hong Kong ETF 11.3 50 30 5.1 -0.7
EWS iShares MSCI Singapore ETF 11.3 50 30 4.4 -1.4
INEQ Columbia International Equity Income ETF 11.3 45 35 7.5 +1.7
IMTM iShares MSCI Intl Momentum Factor ETF 11.2 30 50 5.2 -0.7
VEU Vanguard FTSE All-World ex-US Index Fund 11.0 4 76 7.6 +1.8
PPIE Putnam PanAgora ESG International Equity ETF 10.9 49 31 7.1 +1.3
SCHY Schwab International Dividend Equity ETF 10.9 14 66 9.6 +3.7
FLHK Franklin FTSE Hong Kong ETF 10.8 9 71 4.3 -1.6
IQDF FlexShares International Quality Dividend Index Fund 10.7 47 33 8.4 +2.5
DEW WisdomTree Global High Dividend Fund 10.6 58 22 8.2 +2.3
DFIC Dimensional International Core Equity 2 ETF 10.6 23 57 7.1 +1.2
IXUS iShares Core MSCI Total International Stock ETF 10.5 7 73 7.5 +1.6
DFSI Dimensional International Sustainability Core 1 ETF 10.5 24 56 6.1 +0.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 10.5 25 55 6.1 +0.2
GCOW Pacer Global Cash Cows Dividend ETF 10.4 60 20 10.3 +4.5
VXUS Vanguard Total International Stock ETF 10.3 5 75 7.6 +1.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 10.2 47 33 7.7 +1.8
IDV iShares International Select Dividend ETF 10.2 51 29 10.2 +4.4
FICS First Trust International Developed Capital Strength ETF 10.2 70 10 7.3 +1.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 10.1 47 33 5.8 -0.1
VPL Vanguard FTSE Pacific ETF 10.1 7 73 6.3 +0.4
FID First Trust S&P International Dividend Aristocrats ETF 10.0 60 20 7.7 +1.8
IGRO iShares International Dividend Growth ETF 10.0 15 65 6.9 +1.1
FIVA Fidelity International Value Factor ETF 9.9 18 62 9.1 +3.3
VSGX Vanguard ESG International Stock ETF 9.6 10 70 7.5 +1.6
BBJP JPMorgan BetaBuilders Japan ETF 9.5 19 61 6.0 +0.1
FGD First Trust Dow Jones Global Select Dividend Index Fund 9.5 56 24 10.6 +4.8
EFAD ProShares MSCI EAFE Dividend Growers ETF 9.5 50 30 5.8 -0.0
EUFN iShares MSCI Europe Financials ETF 9.4 51 29 7.7 +1.9
EFG iShares MSCI EAFE Growth ETF 9.3 36 44 4.1 -1.7
WDIV SPDR S&P Global Dividend ETF 9.3 40 40 8.9 +3.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 9.3 47 33 5.6 -0.3
IDHQ Invesco S&P International Developed High Quality ETF 9.3 29 51 6.3 +0.5
DXIV Dimensional International Vector Equity ETF 9.2 34 46 7.4 +1.6
BLES Inspire Global Hope ETF 9.2 61 19 6.8 +0.9
IDMO Invesco S&P International Developed Momentum ETF 9.2 25 55 5.7 -0.1
EWJV iShares MSCI Japan Value ETF 9.1 15 65 7.8 +2.0
ASEA Global X FTSE Southeast Asia ETF 8.9 65 15 6.1 +0.3
QWLD SPDR MSCI World StrategicFactors ETF 8.9 30 50 5.7 -0.1
VIDI Vident International Equity Strategy ETF 8.8 61 19 10.3 +4.5
ESGG FlexShares STOXX Global ESG Select Index Fund 8.7 42 38 5.2 -0.6
FLJP Franklin FTSE Japan ETF 8.6 9 71 5.7 -0.1
RFEU First Trust Riverfront Dynamic Europe ETF 8.6 83 -3 10.0 +4.1
ACWV iShares MSCI Global Min Vol Factor ETF 8.5 20 60 5.7 -0.2
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 8.5 10 70 6.7 +0.8
FLJH Franklin FTSE Japan Hedged ETF 8.5 9 71 5.7 -0.2
EWJ iShares MSCI Japan ETF 8.2 50 30 5.5 -0.4
FEUZ First Trust Eurozone AlphaDEX ETF 8.1 80 0 7.5 +1.6
VNQI Vanguard Global ex-U.S. Real Estate ETF 8.0 12 68 8.2 +2.3
TTAI FCF International Quality ETF 8.0 59 21 7.4 +1.5
JPXN iShares JPX-Nikkei 400 ETF 8.0 48 32 6.1 +0.2
IDOG ALPS International Sector Dividend Dogs ETF 8.0 50 30 11.4 +5.6
GVAL Cambria Global Value ETF 7.9 68 12 10.4 +4.5
FEP First Trust Europe AlphaDEX Fund 7.7 80 0 7.9 +2.0
EUDG WisdomTree Europe Quality Dividend Growth Fund 7.6 58 22 6.6 +0.8
IFGL iShares International Developed Real Estate ETF 7.6 48 32 6.9 +1.1
JXI iShares Global Utilities ETF 7.6 43 37 5.6 -0.2
JIVE JPMorgan International Value ETF 7.5 55 25 10.7 +4.8
KXI iShares Global Consumer Staples ETF 7.5 41 39 5.7 -0.2
FDD First Trust Stoxx European Select Dividend Index Fund 7.1 58 22 11.0 +5.1
BLLD JPMorgan Sustainable Infrastructure ETF 7.0 49 31 5.9 +0.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 7.0 30 50 7.4 +1.6
NXTG First Trust Indxx NextG ETF 6.6 70 10 4.9 -1.0
KLMT Invesco MSCI Global Climate 500 ETF 6.6 10 70 5.6 -0.3
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 6.5 65 15 4.6 -1.3
FEOE First Eagle Overseas Equity ETF 6.5 79 1 6.8 +1.0
DGT State Street SPDR Global Dow ETF 6.5 50 30 6.6 +0.7
FEZ SPDR EURO STOXX 50 ETF 6.5 29 51 6.4 +0.5
IXG iShares Global Financials ETF 6.4 42 38 6.5 +0.7
FLAU Franklin FTSE Australia ETF 6.3 9 71 6.3 +0.4
RWX SPDR Dow Jones International Real Estate ETF 6.3 59 21 6.8 +1.0
EWQ iShares MSCI France ETF 6.2 53 27 6.8 +0.9
FLGB Franklin FTSE United Kingdom ETF 6.2 9 71 7.2 +1.4
EWU iShares MSCI United Kingdom ETF 6.0 50 30 7.8 +1.9
EWL iShares MSCI Switzerland ETF 6.0 50 30 6.0 +0.2
EWA iShares MSCI Australia ETF 5.9 50 30 5.8 -0.0
DSTX Distillate International Fundamental Stability & Value ETF 5.9 55 25 7.6 +1.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 5.8 80 0 8.4 +2.6
EWI iShares MSCI Italy ETF 5.8 50 30 10.7 +4.9
FLSW Franklin FTSE Switzerland ETF 5.8 9 71 6.1 +0.3
HEDJ WisdomTree Europe Hedged Equity Fund 5.6 58 22 6.4 +0.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 5.6 65 15 8.0 +2.1
EUDV ProShares MSCI Europe Dividend Growers ETF 5.6 55 25 6.1 +0.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.6 80 0 9.4 +3.5
BINV Brandes International ETF 5.5 70 10 9.2 +3.4
KOKU Xtrackers MSCI Kokusai Equity ETF 5.4 9 71 5.1 -0.8
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 5.3 80 0 4.2 -1.7
IXP iShares Global Comm Services ETF 5.3 42 38 5.7 -0.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 5.2 65 15 10.6 +4.8
CGDG Capital Group Dividend Growers ETF 5.2 47 33 6.0 +0.1
GEW Cambria Global EW ETF 5.2 29 51 5.9 +0.0
CZAR Themes Natural Monopoly ETF 5.1 35 45 5.6 -0.3
FYLD Cambria Foreign Shareholder Yield ETF 5.1 59 21 11.1 +5.2
CGIE Capital Group International Equity ETF 5.1 54 26 4.9 -1.0
BKCI BNY Mellon Concentrated International ETF 5.0 80 0 5.1 -0.8
URTH iShares MSCI World ETF 5.0 24 56 4.9 -0.9
KNO AXS Knowledge Leaders ETF 4.9 78 2 5.6 -0.2
WLDR Affinity World Leaders Equity ETF 4.9 67 13 7.2 +1.3
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 4.9 46 34 5.6 -0.2
ERET iShares Environmentally Aware Real Estate ETF 4.9 30 50 7.3 +1.4
FLGR Franklin FTSE Germany ETF 4.8 9 71 7.2 +1.4
GQRE FlexShares Global Quality Real Estate Index Fund 4.8 45 35 7.9 +2.1
EWG iShares MSCI Germany ETF 4.8 50 30 6.6 +0.7
DXJ WisdomTree Japan Hedged Equity Fund 4.8 48 32 6.6 +0.8
VIGI Vanguard International Dividend Appreciation ETF 4.8 10 70 6.3 +0.4
UMMA Wahed Dow Jones Islamic World ETF 4.7 65 15 4.8 -1.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.7 12 68 4.9 -1.0
TOK iShares MSCI Kokusai ETF 4.6 26 54 4.9 -1.0
EWD iShares MSCI Sweden ETF 4.5 54 26 5.2 -0.7
IGF iShares Global Infrastructure ETF 4.5 41 39 4.6 -1.3
GII SPDR S&P Global Infrastructure ETF 4.5 40 40 4.6 -1.3
ACWI iShares MSCI ACWI ETF 4.4 32 48 5.3 -0.5
EWN iShares MSCI Netherlands ETF 4.4 50 30 5.3 -0.5
RWO SPDR Dow Jones Global Real Estate ETF 4.4 50 30 7.0 +1.2
DAX Global X DAX Germany ETF 4.4 21 59 7.1 +1.2
FSZ First Trust Switzerland AlphaDEX Fund 4.4 80 0 6.3 +0.5
JIG JPMorgan International Growth ETF 4.2 55 25 4.7 -1.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 4.2 58 22 4.4 -1.5
GLOF iShares Global Equity Factor ETF 4.1 20 60 6.6 +0.8
RGEF Rockefeller Global Equity ETF 4.1 55 25 4.6 -1.3
VGSR Vert Global Sustainable Real Estate ETF 4.1 47 33 7.7 +1.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.1 20 60 5.3 -0.5
IPKW Invesco International BuyBack Achievers ETF 4.0 55 25 8.8 +2.9
JSTC Adasina Social Justice All Cap Global ETF 4.0 89 -9 4.8 -1.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 4.0 9 71 5.5 -0.4
VT Vanguard Total World Stock ETF 3.8 6 74 5.7 -0.2
FEGE First Eagle Global Equity ETF 3.8 79 1 6.5 +0.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 3.7 58 22 6.8 +0.9
AIA iShares Asia 50 ETF 3.7 50 30 12.8 +6.9
AVRE Avantis Real Estate ETF 3.7 17 63 7.4 +1.5
IQDG WisdomTree International Quality Dividend Growth Fund 3.6 42 38 6.8 +1.0
FPXE First Trust IPOX Europe Equity Opportunities ETF 3.6 70 10 3.9 -2.0
FJP First Trust Japan AlphaDEX Fund 3.6 80 0 7.9 +2.1
FKU First Trust United Kingdom AlphaDEX Fund 3.5 80 0 7.6 +1.7
OBOR KraneShares MSCI One Belt One Road Index ETF 3.5 79 1 7.8 +1.9
FLAX Franklin FTSE Asia Ex Japan ETF 3.5 19 61 8.5 +2.7
SDG iShares MSCI Global Sustainable Development Goals ETF 3.5 49 31 5.1 -0.7
ITOL Tema International Durable Quality ETF 3.4 60 20 5.7 -0.2
OEFA ALPS O’Shares International Developed Quality Dividend ETF 3.4 48 32 5.3 -0.5
REET iShares Global REIT ETF 3.4 14 66 7.6 +1.8
EXI iShares Global Industrials ETF 3.4 42 38 4.4 -1.5
KOCG FIS Knights of Columbus Global Belief ETF 3.4 75 5 4.9 -0.9
POW VistaShares Electrification Supercycle ETF 3.3 75 5 3.4 -2.4
DFGR Dimensional Global Real Estate ETF 3.3 22 58 7.8 +1.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 3.3 70 10 8.5 +2.6
IOO iShares Global 100 ETF 3.2 41 39 4.6 -1.3
GNR SPDR S&P Global Natural Resources ETF 3.0 40 40 10.2 +4.3
EWP iShares MSCI Spain ETF 3.0 50 30 6.6 +0.8
IVAL Alpha Architect International Quantitative Value ETF 3.0 49 31 9.9 +4.1
CCNR ALPS CoreCommodity Natural Resources ETF 2.9 39 41 8.3 +2.4
DTAN Sparkline International Intangible Value ETF 2.9 55 25 8.1 +2.3
KNCT Invesco Next Gen Connectivity ETF 2.9 40 40 4.6 -1.2
MOTG VanEck Morningstar Global Wide Moat ETF 2.8 52 28 8.8 +3.0
FAN First Trust Global Wind Energy ETF 2.8 60 20 4.3 -1.6
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.8 78 2 9.0 +3.2
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 2.7 75 5 7.2 +1.3
GLBL Pacer MSCI World Industry Advantage ETF 2.7 65 15 4.1 -1.8
CLNR IQ Cleaner Transport ETF 2.6 45 35 5.2 -0.7
DIVS SmartETFs Dividend Builder ETF 2.6 65 15 5.0 -0.8
OCEN IQ Clean Oceans ETF 2.5 45 35 5.3 -0.5
PATN Pacer Nasdaq International Patent Leaders ETF 2.5 65 15 5.4 -0.5
FNDC Schwab Fundamental International Small Co. Index ETF 2.5 39 41 5.7 -0.2
XT iShares Exponential Technologies ETF 2.5 46 34 4.5 -1.4
AIRL Themes Airlines ETF 2.4 35 45 2.2 -3.6
SMOG VanEck Low Carbon Energy ETF 2.4 61 19 1.5 -4.3
ERTH Invesco MSCI Sustainable Future ETF 2.4 62 18 3.4 -2.5
ICPY Tweedy, Browne International Insider Value ETF 2.3 80 0 11.4 +5.6
FGM First Trust Germany AlphaDEX Fund 2.3 80 0 6.8 +1.0
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 2.2 60 20 4.0 -1.8
SRET Global X SuperDividend REIT ETF 2.0 59 21 12.3 +6.4
GSFP Goldman Sachs Future Planet Equity ETF 2.0 75 5 4.4 -1.5
HAP VanEck Natural Resources ETF 2.0 50 30 8.7 +2.9
IXJ iShares Global Healthcare ETF 1.9 42 38 6.6 +0.8
ISCF iShares International SmallCap Equity Factor ETF 1.9 23 57 8.1 +2.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.9 46 34 9.4 +3.6
IXC iShares Global Energy ETF 1.9 44 36 9.8 +3.9
COPY Tweedy, Browne Insider + Value ETF 1.9 80 0 11.6 +5.8
INFL Horizon Kinetics Inflation Beneficiaries ETF 1.8 85 -5 3.4 -2.4
JETS U.S. Global Jets ETF 1.8 60 20 2.8 -3.1
EWK iShares MSCI Belgium ETF 1.8 50 30 4.3 -1.5
MXI iShares Global Materials ETF 1.8 41 39 7.2 +1.3
OSEA Harbor International Compounders ETF 1.7 55 25 4.8 -1.1
OAIM OneAscent International Equity ETF 1.7 95 -15 5.4 -0.5
QTUM Defiance Quantum ETF 1.7 40 40 5.0 -0.9
VCLN Virtus Duff & Phelps Clean Energy ETF 1.7 59 21 4.0 -1.9
FTAG First Trust Indxx Global Agriculture ETF 1.7 70 10 8.4 +2.5
MOO VanEck Agribusiness ETF 1.7 53 27 10.6 +4.7
ICLN iShares Global Clean Energy ETF 1.7 41 39 3.1 -2.7
FPXI First Trust International Equity Opportunities ETF 1.7 70 10 4.4 -1.5
JGLO JPMorgan Global Select Equity ETF 1.6 33 47 5.0 -0.9
WRND IQ Global Equity R&D Leaders ETF 1.6 18 62 7.5 +1.7
RXI iShares Global Consumer Discretionary ETF 1.6 41 39 8.3 +2.5
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.5 45 35 1.7 -4.1
IPAV Global X Infrastructure Development ex-U.S. ETF 1.5 55 25 6.5 +0.7
RAYD Rayliant Quantitative Developed Market Equity ETF 1.5 80 0 4.5 -1.4
BCDF Horizon Kinetics Blockchain Development ETF 1.5 85 -5 4.2 -1.6
DISV Dimensional International Small Cap Value ETF 1.5 42 38 8.9 +3.1
MOTI VanEck Morningstar International Moat ETF 1.5 58 22 10.5 +4.7
BLDG Cambria Global Real Estate ETF 1.5 60 20 11.3 +5.5
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.4 58 22 8.4 +2.5
SAGP Strategas Global Policy Opportunities ETF 1.4 65 15 5.5 -0.4
NORW Global X MSCI Norway ETF 1.3 50 30 10.6 +4.7
ENOR iShares MSCI Norway ETF 1.3 53 27 10.5 +4.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.3 49 31 6.8 +0.9
HART IQ Healthy Hearts ETF 1.3 45 35 6.0 +0.2
WDNA WisdomTree BioRevolution Fund 1.3 45 35 -1.9 -7.7
BJK VanEck Gaming ETF 1.3 65 15 4.0 -1.8
CRTC Xtrackers US National Critical Technologies ETF 1.3 35 45 4.7 -1.1
AGQI First Trust Active Global Quality Income ETF 1.2 85 -5 5.2 -0.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.2 42 38 6.6 +0.7
DFIS Dimensional International Small Cap ETF 1.2 39 41 7.0 +1.2
EDEN iShares MSCI Denmark ETF 1.2 53 27 6.2 +0.4
IBAT iShares Energy Storage & Materials ETF 1.2 47 33 2.6 -3.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.1 95 -15 11.8 +6.0
RITA ETFB Green SRI REITs ETF 1.1 50 30 5.8 -0.0
SCJ iShares MSCI Japan Small-Cap ETF 1.1 50 30 6.4 +0.6
TOLL Tema Durable Quality ETF 1.1 75 5 5.1 -0.8
FDRR Fidelity Dividend ETF for Rising Rates 1.0 15 65 6.8 +0.9
VEGI iShares MSCI Agriculture Producers ETF 1.0 39 41 9.0 +3.2
EBLU Ecofin Global Water ESG Fund 1.0 40 40 4.5 -1.4
CGW Invesco S&P Global Water Index ETF 1.0 57 23 4.7 -1.2
PIO Invesco Global Water ETF 1.0 75 5 4.4 -1.4
TBLU Tortoise Global Water ESG ETF 1.0 40 40 4.6 -1.3
IMOM Alpha Architect International Quantitative Momentum ETF 1.0 49 31 4.7 -1.2
EIRL iShares MSCI Ireland ETF 1.0 50 30 7.9 +2.1
JDOC JPMorgan Healthcare Leaders ETF 0.9 65 15 3.8 -2.1
FRNW Fidelity Clean Energy ETF 0.9 39 41 2.3 -3.6
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.8 79 1 5.0 -0.9
TEMP JPMorgan Climate Change Solutions ETF 0.8 49 31 5.8 -0.1
VOLT Tema Electrification ETF 0.8 75 5 3.6 -2.3
EFRA iShares Environmental Infrastructure and Industrials ETF 0.8 47 33 5.3 -0.5
MDEV First Trust Indxx Medical Devices ETF 0.8 70 10 4.7 -1.2
GINN Goldman Sachs Innovate Equity ETF 0.7 52 28 3.6 -2.2
RNRG Global X Renewable Energy Producers ETF 0.7 66 14 5.2 -0.7
ENZL iShares MSCI New Zealand ETF 0.7 50 30 3.5 -2.3
PBD Invesco Global Clean Energy ETF 0.7 75 5 0.8 -5.1
BITQ Bitwise Crypto Industry Innovators ETF 0.7 85 -5 -2.0 -7.9
DFNL Davis Select Financial ETF 0.7 63 17 7.4 +1.6
DINT Davis Select International ETF 0.7 55 25 7.8 +1.9
FDFF Fidelity Disruptive Finance ETF 0.7 50 30 4.7 -1.2
BLOK Amplify Transformational Data Sharing ETF 0.7 75 5 0.5 -5.4
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.7 56 24 2.9 -3.0
WTRE WisdomTree New Economy Real Estate Fund 0.7 58 22 7.1 +1.2
SRVR Pacer Data & Infrastructure Real Estate ETF 0.7 55 25 4.8 -1.1
MEM Matthews Emerging Markets Equity Active ETF 0.6 79 1 7.3 +1.5
CGXU Capital Group International Focus Equity ETF 0.6 54 26 5.3 -0.5
GVIP Goldman Sachs Hedge Industry VIP ETF 0.6 45 35 3.2 -2.7
ASLV Allspring Special Large Value ETF 0.6 35 45 6.5 +0.6
CZA Invesco Zacks Mid-Cap ETF 0.6 72 8 7.5 +1.6
PKW Invesco Buyback Achievers ETF 0.6 62 18 8.1 +2.2
GURU Global X Guru Index ETF 0.6 75 5 2.7 -3.1
GOP Unusual Whales Subversive Republican Trading ETF 0.6 50 30 5.3 -0.5
STXM Strive Mid-Cap ETF 0.6 18 62 6.3 +0.5
TAX Cambria Tax Aware ETF 0.6 49 31 6.0 +0.2
TIIV AAM Todd International Intrinsic Value ETF 0.6 54 26 11.1 +5.3
AKAF The Frontier Economic Fund 0.6 20 60 6.3 +0.5
BETZ Roundhill Sports Betting & iGaming ETF 0.5 75 5 1.9 -3.9
FBCV Fidelity Blue Chip Value ETF 0.5 59 21 7.3 +1.5
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.5 35 45 4.1 -1.7
QQLV Invesco QQQ Low Volatility ETF 0.5 25 55 4.7 -1.1
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.5 58 22 4.5 -1.4
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 0.5 60 20 5.0 -0.9
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.5 20 60 4.7 -1.2
CANC Tema Oncology ETF 0.5 75 5 -2.3 -8.2
HRTS Tema Heart & Health ETF 0.5 75 5 2.2 -3.7
NUKZ Range Nuclear Renaissance Index ETF 0.5 85 -5 1.2 -4.7
URAN Themes Uranium & Nuclear ETF 0.5 35 45 1.3 -4.6
ION ProShares S&P Global Core Battery Metals ETF 0.5 58 22 7.3 +1.5
SDIV Global X Superdividend ETF 0.5 58 22 16.5 +10.7
FFLC Fidelity Fundamental Large Cap Core ETF 0.5 38 42 4.5 -1.4
ANEW ProShares MSCI Transformational Changes ETF 0.5 45 35 5.3 -0.6
TMFG Motley Fool Global Opportunities ETF 0.5 85 -5 4.0 -1.8
SCZ iShares MSCI EAFE Small-Cap ETF 0.5 40 40 6.8 +1.0
RAYJ Rayliant SMDAM Japan Equity ETF 0.5 72 8 3.6 -2.3
IDNA iShares Genomics Immunology and Healthcare ETF 0.4 47 33 -2.6 -8.4
APUE ActivePassive U.S. Equity ETF 0.4 45 35 4.6 -1.3
FVD First Trust Value Line Dividend Index Fund 0.4 65 15 6.3 +0.4
JAVA JPMorgan Active Value ETF 0.4 44 36 6.3 +0.5
CGGO Capital Group Global Growth Equity ETF 0.4 47 33 4.4 -1.5
FDHT Fidelity Digital Health ETF 0.3 39 41 1.5 -4.4
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.3 68 12 1.9 -4.0
PCGG Polen Capital Global Growth ETF 0.3 85 -5 4.2 -1.7
FPAG FPA Global Equity ETF 0.3 49 31 5.6 -0.3
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 41 10.6 +4.7
AVDV Avantis International Small Cap Value ETF 0.3 36 44 8.7 +2.8
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 59 3.7 -2.1
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 60 4.2 -1.7
OPTZ Optimize Strategy Index ETF 0.2 50 30 4.8 -1.0
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.2 49 31 3.6 -2.2
QQQ Invesco QQQ Trust Series I 0.2 20 60 4.1 -1.7
QQQM Invesco NASDAQ 100 ETF 0.2 15 65 4.2 -1.7
FDVV Fidelity High Dividend ETF 0.2 15 65 7.6 +1.7
STXV Strive 1000 Value ETF 0.1 18 62 8.1 +2.3
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 48 5.0 -0.9
RVRB Reverb ETF 0.1 30 50 4.5 -1.3
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 45 5.1 -0.7
IXN iShares Global Tech ETF 0.1 41 39 3.5 -2.3
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 71 4.8 -1.1
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 41 6.7 +0.8

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 1.3 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		 1.68 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.