First Trust Horizon Managed Volatility Developed Intl ETF
ALTAR
Score™		 5.7% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 15.0x P/Sales
ratio		 1.3x
P/BV
ratio		 1.8x Div.
yield		 4.0%


  • 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 161
Wgt avg mkt cap (mns) $44,453
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
SWISSCOM AG 2.0 %
ROYAL KPN NV 2.0 %
SWISS PRIME SITE-REG 1.9 %
ZURICH FINANCIAL SERVICES AG 1.9 %
SWISS LIFE HOLDING AG-REG 1.6 %
GDF SUEZ 1.5 %
DANONE 1.5 %
COMPASS GROUP PLC 1.4 %
CLP HOLDINGS LTD 1.4 %
TELSTRA CORPORATION LIMITED 1.3 %
Total 16.3 %

TOP COUNTRY EXPOSURE
SWITZERLAND 14.5 %
BRITAIN 10.5 %
FRANCE 10.1 %
JAPAN 9.6 %
SINGAPORE 8.3 %
NETHERLANDS 7.1 %
GERMANY 6.9 %
AUSTRALIA 6.4 %
SPAIN 5.9 %
ITALY 5.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
7.4% 10.5% 2.9% -- 3.3%

Market Correlations
versus... Beta R-squared
S&P500 0.55 48%
MSCI EAFE 0.72 84%
MSCI Emg. Mkts. 0.62 62%

Technical Indicators
Recent close $32.41
30d moving avg. $31.56
Annualized volatility 13.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.5%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $6,540

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 440 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™: 5.7%


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 52.4 25 55 6.3 +0.6
EFAV iShares MSCI EAFE Min Vol Factor ETF 43.8 22 58 5.8 +0.1
DWMF WisdomTree International Multifactor Fund 38.2 38 42 6.9 +1.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 33.0 32 48 6.1 +0.4
QEFA SPDR MSCI EAFE StrategicFactors ETF 31.4 30 50 7.3 +1.6
DOL WisdomTree International LargeCap Dividend Fund 29.7 48 32 7.5 +1.8
CIL VictoryShares International Volatility Wtd ETF 27.9 45 35 7.0 +1.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 26.9 25 55 7.2 +1.6
TPIF Timothy Plan International ETF 26.0 62 18 6.5 +0.8
EFV iShares MSCI EAFE Value ETF 25.8 34 46 9.4 +3.8
DWM WisdomTree International Equity Fund 25.6 48 32 7.7 +2.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 25.6 40 40 7.5 +1.9
DWX SPDR S&P International Dividend ETF 25.5 45 35 6.6 +0.9
DIVI Franklin International Core Dividend Tilt Index ETF 25.3 9 71 8.2 +2.6
IEV iShares Europe ETF 24.8 67 13 6.9 +1.3
ESGD iShares ESG Aware MSCI EAFE ETF 24.4 20 60 7.1 +1.5
JHMD John Hancock Multifactor Developed International ETF 24.3 39 41 7.8 +2.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 24.3 46 34 6.8 +1.1
EFA iShares MSCI EAFE ETF 24.3 35 45 7.0 +1.4
BBEU JPMorgan BetaBuilders Europe ETF 23.8 9 71 7.2 +1.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 23.5 20 60 6.6 +0.9
FLEE Franklin FTSE Europe ETF 23.5 9 71 7.0 +1.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 23.4 29 51 8.2 +2.5
IEUR iShares Core MSCI Europe ETF 23.4 11 69 7.4 +1.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 23.2 25 55 7.5 +1.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 23.1 36 44 6.9 +1.2
DTH WisdomTree International High Dividend Fund 23.1 58 22 9.1 +3.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 23.0 9 71 9.2 +3.5
SPEU SPDR Portfolio Europe ETF 22.8 7 73 7.5 +1.8
HFXI IQ FTSE International Equity Currency Neutral ETF 22.6 20 60 7.4 +1.7
JPIN J.P. Morgan Diversified Return International Equity ETF 22.5 37 43 8.9 +3.2
VGK Vanguard FTSE Europe ETF 22.5 11 69 7.5 +1.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 22.3 35 45 5.9 +0.2
DMXF iShares ESG Advanced MSCI EAFE ETF 22.3 12 68 5.8 +0.1
GSID Goldman Sachs MarketBeta International Equity ETF 22.2 20 60 7.1 +1.5
IQLT iShares MSCI Intl Quality Factor ETF 22.0 30 50 6.3 +0.6
IQSI IQ Candriam International Equity ETF 21.9 15 65 6.7 +1.0
STXI Strive International Developed Markets ETF 21.8 29 51 5.9 +0.3
LVHI Franklin International Low Volatility High Dividend Index ET 21.7 40 40 11.0 +5.3
IEFA iShares Core MSCI EAFE ETF 21.5 7 73 7.4 +1.7
FENI Fidelity Enhanced International ETF 21.3 28 52 7.0 +1.3
JIRE JPMorgan International Research Enhanced Equity ETF 20.9 24 56 7.4 +1.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 20.4 45 35 9.3 +3.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 20.4 14 66 6.0 +0.4
BKIE BNY Mellon International Equity ETF 20.3 4 76 7.3 +1.6
FDEV Fidelity International Multifactor ETF 20.3 18 62 7.7 +2.0
VYMI Vanguard International High Dividend Yield ETF 19.8 22 58 10.0 +4.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 19.8 12 68 6.2 +0.5
IMFL Invesco International Developed Dynamic Multifactor ETF 19.7 34 46 6.2 +0.5
VWID Virtus WMC International Dividend ETF 19.5 49 31 8.8 +3.1
IDEV iShares Core MSCI International Developed Markets ETF 19.5 4 76 7.4 +1.7
UIVM VictoryShares International Value Momentum ETF 19.3 35 45 9.5 +3.8
EZU iShares MSCI Eurozone ETF 19.3 52 28 6.8 +1.1
AIVI WisdomTree International AI Enhanced Value Fund 19.2 58 22 7.5 +1.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 18.6 24 56 6.4 +0.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 18.4 45 35 6.6 +1.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 18.2 39 41 7.0 +1.3
EFAS Global X MSCI SuperDividend EAFE ETF 18.2 57 23 8.5 +2.9
SPDW SPDR Portfolio Developed World ex-US ETF 18.1 3 77 7.5 +1.8
VEA Vanguard FTSE Developed Markets ETF 18.1 5 75 7.6 +1.9
SCHF Schwab International Equity ETF 18.1 6 74 7.7 +2.0
FNDF Schwab Fundamental International Large Co. Index ETF 18.1 25 55 10.1 +4.4
IMTM iShares MSCI Intl Momentum Factor ETF 18.0 30 50 5.6 -0.0
DFAI Dimensional International Core Equity Market ETF 17.6 18 62 7.6 +1.9
WWJD Inspire International ETF 17.1 80 0 7.6 +1.9
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 17.1 20 60 6.7 +1.1
NUDM Nuveen ESG International Developed Markets Equity ETF 16.8 31 49 6.6 +0.9
EFG iShares MSCI EAFE Growth ETF 16.7 36 44 4.5 -1.2
INTF iShares International Equity Factor ETF 16.6 15 65 8.1 +2.5
IVLU iShares MSCI Intl Value Factor ETF 16.6 30 50 11.1 +5.5
ACWX iShares MSCI ACWI ex U.S. ETF 16.5 34 46 8.1 +2.5
CWI SPDR MSCI ACWI ex-US ETF 16.2 30 50 8.2 +2.5
FICS First Trust International Developed Capital Strength ETF 15.5 70 10 5.7 +0.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 15.4 41 39 7.1 +1.4
OEUR ALPS O'Shares Europe Quality Dividend ETF 15.2 48 32 5.9 +0.3
DIM WisdomTree International MidCap Dividend Fund 15.2 58 22 7.7 +2.0
DFIV Dimensional International Value ETF 15.2 27 53 10.4 +4.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 14.9 18 62 8.1 +2.4
VEU Vanguard FTSE All-World ex-US Index Fund 14.8 8 72 8.5 +2.8
RFDI First Trust Riverfront Dynamic Developed International ETF 14.7 83 -3 10.0 +4.4
IDHQ Invesco S&P International Developed High Quality ETF 14.5 29 51 6.7 +1.0
PPIE Putnam PanAgora ESG International Equity ETF 14.5 49 31 7.8 +2.1
IXUS iShares Core MSCI Total International Stock ETF 14.4 7 73 8.3 +2.6
VSGX Vanguard ESG International Stock ETF 14.3 12 68 8.2 +2.5
DIHP Dimensional International High Profitability ETF 13.9 29 51 7.4 +1.7
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 13.8 25 55 6.0 +0.4
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 13.8 19 61 6.3 +0.6
EPP iShares MSCI Pacific ex-Japan ETF 13.7 47 33 5.7 +0.0
IGRO iShares International Dividend Growth ETF 13.7 15 65 7.3 +1.6
VXUS Vanguard Total International Stock ETF 13.7 7 73 8.3 +2.6
EUFN iShares MSCI Europe Financials ETF 13.6 51 29 8.5 +2.8
EFAD ProShares MSCI EAFE Dividend Growers ETF 13.6 50 30 5.8 +0.1
AVDE Avantis International Equity ETF 13.6 23 57 8.0 +2.3
JHID John Hancock International High Dividend ETF 13.5 46 34 10.3 +4.6
RODE Hartford Multifactor Diversified International ETF 13.4 29 51 9.9 +4.2
DFSI Dimensional International Sustainability Core 1 ETF 13.0 24 56 6.6 +0.9
FIVA Fidelity International Value Factor ETF 13.0 18 62 10.5 +4.8
DFIC Dimensional International Core Equity 2 ETF 13.0 23 57 7.9 +2.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 12.9 39 41 8.3 +2.7
QINT American Century Quality Diversified International ETF 12.9 39 41 7.6 +2.0
SCHY Schwab International Dividend Equity ETF 12.7 14 66 9.8 +4.1
AVSD Avantis Responsible International Equity ETF 12.5 23 57 6.8 +1.1
IDV iShares International Select Dividend ETF 12.4 51 29 11.6 +5.9
FEUZ First Trust Eurozone AlphaDEX ETF 12.4 80 0 9.2 +3.5
AVIV Avantis International Large Cap Value ETF 12.3 25 55 9.3 +3.6
FIDI Fidelity International High Dividend ETF 12.1 18 62 9.0 +3.3
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 12.1 80 0 4.9 -0.8
GCOW Pacer Global Cash Cows Dividend ETF 12.0 60 20 10.9 +5.2
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 12.0 65 15 4.1 -1.6
RFEU First Trust Riverfront Dynamic Europe ETF 12.0 83 -3 10.0 +4.3
IDMO Invesco S&P International Developed Momentum ETF 11.6 25 55 5.7 +0.0
IPAC iShares Core MSCI Pacific ETF 11.4 9 71 7.1 +1.4
FEZ SPDR EURO STOXX 50 ETF 11.2 29 51 7.2 +1.5
QWLD SPDR MSCI World StrategicFactors ETF 11.1 30 50 5.9 +0.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 11.1 56 24 12.6 +6.9
EWL iShares MSCI Switzerland ETF 11.0 50 30 5.9 +0.2
TTAI FCF International Quality ETF 10.9 59 21 6.9 +1.2
FSZ First Trust Switzerland AlphaDEX Fund 10.9 80 0 5.0 -0.7
EUDG WisdomTree Europe Quality Dividend Growth Fund 10.4 58 22 6.5 +0.8
DEW WisdomTree Global High Dividend Fund 10.4 58 22 7.7 +2.1
FEP First Trust Europe AlphaDEX Fund 10.4 80 0 9.3 +3.6
UMMA Wahed Dow Jones Islamic World ETF 10.3 65 15 5.3 -0.4
FID First Trust S&P International Dividend Aristocrats ETF 10.3 60 20 9.1 +3.4
VPL Vanguard FTSE Pacific ETF 10.3 8 72 7.7 +2.0
ACWV iShares MSCI Global Min Vol Factor ETF 10.2 20 60 5.9 +0.2
HEDJ WisdomTree Europe Hedged Equity Fund 10.1 58 22 6.6 +0.9
EUDV ProShares MSCI Europe Dividend Growers ETF 10.0 55 25 6.9 +1.2
BLES Inspire Global Hope ETF 9.8 61 19 6.8 +1.2
EWU iShares MSCI United Kingdom ETF 9.8 50 30 8.6 +2.9
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 9.8 47 33 5.7 -0.0
FDD First Trust Stoxx European Select Dividend Index Fund 9.8 58 22 12.4 +6.7
FLSW Franklin FTSE Switzerland ETF 9.7 9 71 6.2 +0.5
VIGI Vanguard International Dividend Appreciation ETF 9.7 15 65 6.2 +0.5
ESGG FlexShares STOXX Global ESG Select Index Fund 9.6 42 38 5.4 -0.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 9.6 65 15 8.6 +2.9
FLGB Franklin FTSE United Kingdom ETF 9.6 9 71 8.0 +2.3
KXI iShares Global Consumer Staples ETF 9.4 41 39 5.4 -0.3
EWQ iShares MSCI France ETF 9.4 53 27 7.0 +1.3
CGDG Capital Group Dividend Growers ETF 9.3 47 33 6.3 +0.6
VIDI Vident International Equity Strategy ETF 9.2 61 19 12.0 +6.3
INEQ Columbia International Equity Income ETF 9.2 45 35 8.7 +3.0
CGIE Capital Group International Equity ETF 8.9 54 26 5.1 -0.6
WDIV SPDR S&P Global Dividend ETF 8.9 40 40 9.6 +4.0
KLMT Invesco MSCI Global Climate 500 ETF 8.9 10 70 6.1 +0.4
DSTX Distillate International Fundamental Stability & Value ETF 8.9 55 25 8.4 +2.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 8.6 30 50 8.6 +2.9
IQDF FlexShares International Quality Dividend Index Fund 8.5 47 33 9.5 +3.8
IXG iShares Global Financials ETF 8.3 42 38 7.2 +1.6
EWS iShares MSCI Singapore ETF 8.3 50 30 5.2 -0.5
IQRA IQ CBRE Real Assets ETF 8.2 65 15 2.7 -3.0
IDOG ALPS International Sector Dividend Dogs ETF 8.1 50 30 12.2 +6.6
JIG JPMorgan International Growth ETF 8.1 55 25 4.8 -0.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 8.0 65 15 12.2 +6.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 7.9 25 55 7.4 +1.7
NXTG First Trust Indxx NextG ETF 7.7 70 10 5.8 +0.1
DGT SPDR Global Dow ETF 7.7 50 30 7.5 +1.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 7.5 80 0 10.0 +4.3
FKU First Trust United Kingdom AlphaDEX Fund 7.4 80 0 7.9 +2.3
FYLD Cambria Foreign Shareholder Yield ETF 7.4 59 21 12.5 +6.8
GVAL Cambria Global Value ETF 7.4 68 12 11.3 +5.6
EWN iShares MSCI Netherlands ETF 7.4 50 30 5.9 +0.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 7.3 47 33 9.0 +3.3
BLLD JPMorgan Sustainable Infrastructure ETF 7.0 49 31 4.8 -0.9
URTH iShares MSCI World ETF 6.9 24 56 5.5 -0.2
FLGR Franklin FTSE Germany ETF 6.7 9 71 6.8 +1.1
EWG iShares MSCI Germany ETF 6.7 50 30 6.5 +0.8
TOK iShares MSCI Kokusai ETF 6.7 26 54 5.2 -0.5
CZAR Themes Natural Monopoly ETF 6.7 35 45 2.8 -2.9
IXP iShares Global Comm Services ETF 6.7 42 38 6.7 +1.0
EWJV iShares MSCI Japan Value ETF 6.6 15 65 9.8 +4.1
JXI iShares Global Utilities ETF 6.5 43 37 6.0 +0.3
BBJP JPMorgan BetaBuilders Japan ETF 6.4 19 61 7.6 +1.9
EWJ iShares MSCI Japan ETF 6.4 50 30 7.1 +1.4
DVYA iShares Asia/Pacific Dividend ETF 6.4 49 31 8.9 +3.3
DBJP Xtrackers MSCI Japan Hedged Equity ETF 6.3 47 33 7.1 +1.4
IXJ iShares Global Healthcare ETF 6.2 42 38 6.6 +0.9
BINV Brandes International ETF 6.2 70 10 9.5 +3.9
KOKU Xtrackers MSCI Kokusai Equity ETF 6.2 9 71 5.5 -0.2
ACWI iShares MSCI ACWI ETF 6.1 32 48 6.0 +0.3
FLJP Franklin FTSE Japan ETF 6.1 9 71 7.0 +1.3
FLJH Franklin FTSE Japan Hedged ETF 6.1 9 71 6.7 +1.0
FLAU Franklin FTSE Australia ETF 6.0 9 71 6.4 +0.7
ASEA Global X FTSE Southeast Asia ETF 6.0 65 15 6.9 +1.3
BKCI BNY Mellon Concentrated International ETF 6.0 80 0 4.9 -0.7
JPXN iShares JPX-Nikkei 400 ETF 5.9 48 32 7.5 +1.8
IOO iShares Global 100 ETF 5.9 41 39 5.4 -0.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.8 80 0 9.7 +4.0
GLOF iShares Global Equity Factor ETF 5.8 20 60 6.8 +1.1
EWP iShares MSCI Spain ETF 5.8 50 30 7.8 +2.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 5.7 12 68 5.1 -0.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 5.7 58 22 7.1 +1.4
FGM First Trust Germany AlphaDEX Fund 5.7 80 0 9.0 +3.4
DTAN Sparkline International Intangible Value ETF 5.5 55 25 7.2 +1.5
IQDG WisdomTree International Quality Dividend Growth Fund 5.5 42 38 7.2 +1.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 5.5 9 71 6.1 +0.4
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 5.5 46 34 4.9 -0.8
DAX Global X DAX Germany ETF 5.4 21 59 6.8 +1.1
JSTC Adasina Social Justice All Cap Global ETF 5.4 89 -9 4.5 -1.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.4 20 60 6.0 +0.3
EWA iShares MSCI Australia ETF 5.3 50 30 6.1 +0.5
EWI iShares MSCI Italy ETF 5.3 50 30 10.0 +4.3
IGF iShares Global Infrastructure ETF 5.3 41 39 4.9 -0.8
GII SPDR S&P Global Infrastructure ETF 5.3 40 40 4.9 -0.8
VT Vanguard Total World Stock ETF 5.3 7 73 6.3 +0.6
RWX SPDR Dow Jones International Real Estate ETF 5.1 59 21 5.9 +0.2
IFGL iShares International Developed Real Estate ETF 5.1 48 32 6.3 +0.6
PATN Pacer Nasdaq International Patent Leaders ETF 5.0 65 15 4.0 -1.7
DIVS SmartETFs Dividend Builder ETF 4.9 65 15 4.9 -0.7
VNQI Vanguard Global ex-U.S. Real Estate ETF 4.8 12 68 7.7 +2.0
IVAL Alpha Architect International Quantitative Value ETF 4.5 49 31 10.6 +5.0
EWD iShares MSCI Sweden ETF 4.5 54 26 5.6 -0.1
KOCG FIS Knights of Columbus Global Belief ETF 4.5 75 5 5.4 -0.3
OSEA Harbor International Compounders ETF 4.4 55 25 4.7 -1.0
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 4.4 10 70 7.5 +1.8
EXI iShares Global Industrials ETF 4.3 42 38 4.9 -0.8
GLBL Pacer MSCI World Industry Advantage ETF 4.2 65 15 5.0 -0.7
KNCT Invesco Next Gen Connectivity ETF 4.2 40 40 5.1 -0.6
SDG iShares MSCI Global Sustainable Development Goals ETF 4.2 49 31 6.0 +0.3
EWH iShares MSCI Hong Kong ETF 4.0 50 30 6.1 +0.4
FLHK Franklin FTSE Hong Kong ETF 4.0 9 71 6.8 +1.2
WLDR Affinity World Leaders Equity ETF 3.7 67 13 8.3 +2.6
JGLO JPMorgan Global Select Equity ETF 3.6 33 47 5.1 -0.6
WRND IQ Global Equity R&D Leaders ETF 3.6 18 62 7.9 +2.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 3.5 70 10 9.8 +4.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 3.5 58 22 5.5 -0.2
FAN First Trust Global Wind Energy ETF 3.5 60 20 5.3 -0.4
BCDF Horizon Kinetics Blockchain Development ETF 3.5 85 -5 4.5 -1.2
AIA iShares Asia 50 ETF 3.3 50 30 14.7 +9.0
FLAX Franklin FTSE Asia Ex Japan ETF 3.3 19 61 10.8 +5.2
QTUM Defiance Quantum ETF 3.2 40 40 7.7 +2.0
KNO AXS Knowledge Leaders ETF 3.0 78 2 6.1 +0.4
RGEF Rockefeller Global Equity ETF 3.0 55 25 5.2 -0.5
RAYD Rayliant Quantitative Developed Market Equity ETF 2.9 80 0 4.7 -1.0
OBOR KraneShares MSCI One Belt One Road Index ETF 2.9 79 1 7.7 +2.0
DXJ WisdomTree Japan Hedged Equity Fund 2.9 48 32 8.4 +2.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 2.9 42 38 6.8 +1.1
INFL Horizon Kinetics Inflation Beneficiaries ETF 2.8 85 -5 3.9 -1.8
JETS U.S. Global Jets ETF 2.8 60 20 4.2 -1.5
CCNR ALPS CoreCommodity Natural Resources ETF 2.8 39 41 11.0 +5.3
COPY Tweedy, Browne Insider + Value ETF 2.7 80 0 12.6 +6.9
VGSR Vert Global Sustainable Real Estate ETF 2.7 47 33 2.8 -2.9
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.7 78 2 9.6 +3.9
GQRE FlexShares Global Quality Real Estate Index Fund 2.7 45 35 4.1 -1.6
CGGO Capital Group Global Growth Equity ETF 2.6 47 33 5.0 -0.7
RWO SPDR Dow Jones Global Real Estate ETF 2.6 50 30 2.9 -2.8
ISCF iShares International SmallCap Equity Factor ETF 2.6 23 57 8.6 +2.9
FPXI First Trust International Equity Opportunities ETF 2.6 70 10 3.9 -1.8
GNR SPDR S&P Global Natural Resources ETF 2.6 40 40 11.4 +5.7
ERET iShares Environmentally Aware Real Estate ETF 2.5 30 50 3.1 -2.6
IVEG iShares Emergent Food and AgTech Multisector ETF 2.5 47 33 8.5 +2.8
FJP First Trust Japan AlphaDEX Fund 2.5 80 0 10.3 +4.6
IPKW Invesco International BuyBack Achievers ETF 2.5 55 25 15.3 +9.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.5 70 10 4.5 -1.2
DISV Dimensional International Small Cap Value ETF 2.4 42 38 9.7 +4.0
MXI iShares Global Materials ETF 2.3 41 39 8.0 +2.4
OCEN IQ Clean Oceans ETF 2.3 45 35 5.7 +0.0
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 2.2 58 22 9.0 +3.3
IDNA iShares Genomics Immunology and Healthcare ETF 2.2 47 33 -2.1 -7.8
FILL iShares MSCI Global Energy Producers ETF 2.2 39 41 11.4 +5.8
IXC iShares Global Energy ETF 2.2 44 36 9.8 +4.2
HAP VanEck Natural Resources ETF 2.2 50 30 10.0 +4.4
AVRE Avantis Real Estate ETF 2.2 17 63 3.3 -2.4
FNDC Schwab Fundamental International Small Co. Index ETF 2.1 39 41 6.3 +0.6
MOTG VanEck Morningstar Global Wide Moat ETF 2.1 52 28 6.7 +1.0
MOTI VanEck Morningstar International Moat ETF 2.1 58 22 12.8 +7.2
TMFG Motley Fool Global Opportunities ETF 2.1 85 -5 3.5 -2.1
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 2.1 75 5 7.3 +1.6
EWK iShares MSCI Belgium ETF 2.0 50 30 4.6 -1.1
CRUZ Defiance Hotel Airline and Cruise ETF 2.0 45 35 3.1 -2.6
AIRL Themes Airlines ETF 2.0 35 45 -7.8 -13.5
WDNA WisdomTree BioRevolution Fund 2.0 45 35 0.0 -5.7
CLNR IQ Cleaner Transport ETF 2.0 45 35 7.3 +1.6
CGXU Capital Group International Focus Equity ETF 2.0 54 26 5.9 +0.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.0 46 34 10.4 +4.7
CRTC Xtrackers US National Critical Technologies ETF 2.0 35 45 5.3 -0.4
HART IQ Healthy Hearts ETF 2.0 45 35 6.6 +0.9
ERTH Invesco MSCI Sustainable Future ETF 1.9 62 18 2.5 -3.2
GSFP Goldman Sachs Future Planet Equity ETF 1.9 75 5 4.8 -0.9
IPAV Global X Infrastructure Development ex-U.S. ETF 1.9 55 25 4.5 -1.2
NBCC Neuberger Berman Next Generation Connected Consumer ETF 1.8 56 24 2.6 -3.1
DFGR Dimensional Global Real Estate ETF 1.8 22 58 3.2 -2.5
REET iShares Global REIT ETF 1.8 14 66 3.3 -2.3
RXI iShares Global Consumer Discretionary ETF 1.8 41 39 9.2 +3.5
FDFF Fidelity Disruptive Finance ETF 1.7 50 30 4.1 -1.6
SRET Global X SuperDividend REIT ETF 1.6 59 21 8.1 +2.5
SMOG VanEck Low Carbon Energy ETF 1.6 61 19 1.5 -4.2
AGQI First Trust Active Global Quality Income ETF 1.6 85 -5 6.6 +0.9
XT iShares Exponential Technologies ETF 1.6 46 34 5.5 -0.2
VCLN Virtus Duff & Phelps Clean Energy ETF 1.5 59 21 6.2 +0.5
IWTR iShares MSCI Water Management Multisector ETF 1.5 47 33 6.5 +0.8
EDEN iShares MSCI Denmark ETF 1.4 53 27 6.9 +1.2
RSHO Tema American Reshoring ETF 1.4 75 5 5.5 -0.2
GINN Goldman Sachs Innovate Equity ETF 1.3 52 28 4.4 -1.3
IMOM Alpha Architect International Quantitative Momentum ETF 1.3 49 31 4.8 -0.9
DFIS Dimensional International Small Cap ETF 1.3 39 41 7.9 +2.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.3 49 31 7.3 +1.7
TOLL Tema Monopolies and Oligopolies ETF 1.3 75 5 3.8 -1.9
FPAG FPA Global Equity ETF 1.2 49 31 6.3 +0.6
ICLN iShares Global Clean Energy ETF 1.2 41 39 6.4 +0.7
KROP Global X AgTech & Food Innovation ETF 1.2 50 30 7.0 +1.4
FDRR Fidelity Dividend ETF for Rising Rates 1.2 15 65 7.6 +1.9
BLDG Cambria Global Real Estate ETF 1.1 60 20 4.2 -1.5
ENOR iShares MSCI Norway ETF 1.1 53 27 10.2 +4.5
NORW Global X MSCI Norway ETF 1.1 50 30 10.2 +4.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.1 95 -15 13.1 +7.4
SAGP Strategas Global Policy Opportunities ETF 1.1 65 15 5.3 -0.4
CANC Tema Oncology ETF 1.1 75 5 -2.0 -7.7
HRTS Tema GLP-1 Obesity & Cardiometabolic ETF 1.1 75 5 0.9 -4.8
ANEW ProShares MSCI Transformational Changes ETF 1.1 45 35 7.0 +1.4
FTAG First Trust Indxx Global Agriculture ETF 1.0 70 10 8.1 +2.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.0 45 35 0.0 -5.7
DFNL Davis Select Financial ETF 0.9 63 17 8.4 +2.7
DINT Davis Select International ETF 0.9 55 25 8.3 +2.6
PBD Invesco Global Clean Energy ETF 0.9 75 5 0.4 -5.3
IBAT iShares Energy Storage & Materials ETF 0.9 47 33 5.3 -0.4
OGIG ALPS O'Shares Global Internet Giants ETF 0.9 48 32 1.9 -3.8
DTEC ALPS Disruptive Technologies ETF 0.9 50 30 4.0 -1.6
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.9 61 19 1.4 -4.3
PAWZ ProShares Pet Care ETF 0.9 50 30 3.9 -1.8
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.9 58 22 4.3 -1.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.9 35 45 4.5 -1.1
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 0.9 60 20 4.4 -1.3
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.9 20 60 4.5 -1.2
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.8 79 1 5.9 +0.2
TEMP JPMorgan Climate Change Solutions ETF 0.8 49 31 5.9 +0.2
VOLT Tema Electrification ETF 0.8 75 5 3.3 -2.4
OAIM OneAscent International Equity ETF 0.8 95 -15 6.2 +0.5
AGNG Global X Aging Population ETF 0.8 50 30 4.2 -1.5
GDOC Goldman Sachs Future Health Care Equity ETF 0.8 75 5 2.7 -3.0
ROBO ROBO Global Robotics & Automation Index ETF 0.8 95 -15 4.0 -1.7
BOTT Themes Robotics & Automation ETF 0.8 35 45 4.5 -1.2
HDRO Defiance Next Gen H2 ETF 0.6 30 50 -10.1 -15.7
BETZ Roundhill Sports Betting & iGaming ETF 0.6 75 5 2.1 -3.6
BJK VanEck Gaming ETF 0.6 65 15 3.9 -1.8
IDAT iShares Future Cloud 5G and Tech ETF 0.6 47 33 4.8 -0.9
SRVR Pacer Data & Infrastructure Real Estate ETF 0.6 55 25 1.1 -4.6
WTRE WisdomTree New Economy Real Estate Fund 0.6 58 22 9.6 +3.9
OZEM Roundhill GLP-1 & Weight Loss ETF 0.6 59 21 1.1 -4.6
THNR Amplify Weight Loss Drug & Treatment ETF 0.6 59 21 5.8 +0.1
SDIV Global X Superdividend ETF 0.6 58 22 13.9 +8.2
SYNB Putnam BioRevolution ETF 0.6 70 10 3.2 -2.5
FFLC Fidelity Fundamental Large Cap Core ETF 0.6 38 42 4.9 -0.8
MOO VanEck Agribusiness ETF 0.6 53 27 10.8 +5.2
VEGI iShares MSCI Agriculture Producers ETF 0.6 39 41 8.8 +3.1
BITQ Bitwise Crypto Industry Innovators ETF 0.5 85 -5 -2.8 -8.5
BLOK Amplify Transformational Data Sharing ETF 0.5 75 5 0.4 -5.3
CGW Invesco S&P Global Water Index ETF 0.5 57 23 4.8 -0.9
EBLU Ecofin Global Water ESG Fund 0.5 40 40 4.4 -1.2
PIO Invesco Global Water ETF 0.5 75 5 4.9 -0.8
EFRA iShares Environmental Infrastructure and Industrials ETF 0.5 47 33 4.4 -1.3
FBCV Fidelity Blue Chip Value ETF 0.5 59 21 7.5 +1.9
GSIB Themes Global Systemically Important Banks ETF 0.5 35 45 12.4 +6.7
RNEM First Trust Emerging Markets Equity Select ETF 0.5 75 5 1.0 -4.7
AIQ Global X Artificial Intelligence & Technology ETF 0.5 68 12 4.7 -1.0
BMED Future Health ETF 0.5 85 -5 2.4 -3.2
MDEV First Trust Indxx Medical Devices ETF 0.5 70 10 1.2 -4.5
RUNN Running Oak Efficient Growth ETF 0.5 58 22 4.9 -0.8
BKWO BNY Mellon Women's Opportunities ETF 0.5 50 30 4.0 -1.7
MEM Matthews Emerging Markets Equity Active ETF 0.5 79 1 8.5 +2.8
AWAY ETFMG Travel Tech ETF 0.5 76 4 0.0 -5.7
SUPL ProShares Supply Chain Logistics ETF 0.5 58 22 5.4 -0.3
PRAY FIS Christian Stock Fund 0.5 69 11 5.5 -0.2
AZTD Aztlan Global Stock Selection DM SMID ETF 0.5 75 5 8.4 +2.8
CGUS Capital Group Core Equity ETF 0.4 33 47 4.6 -1.0
LUX Tema Luxury ETF 0.4 75 5 2.6 -3.1
FINE Themes European Luxury ETF 0.4 35 45 0.5 -5.2
NLR VanEck Uranium+Nuclear Energy ETF 0.4 61 19 3.4 -2.3
URAN Themes Uranium & Nuclear ETF 0.4 35 45 2.7 -3.0
CGGR Capital Group Growth ETF 0.4 39 41 3.7 -2.0
CUT Invesco MSCI Global Timber ETF 0.4 61 19 9.1 +3.5
WOOD iShares Global Timber & Forestry ETF 0.4 42 38 9.5 +3.8
FRNW Fidelity Clean Energy ETF 0.4 39 41 4.2 -1.5
FDNI First Trust Dow Jones International Internet ETF 0.4 65 15 19.5 +13.8
PTEC Global X PropTech ETF 0.4 50 30 2.5 -3.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.4 50 30 11.6 +5.9
DWLD Davis Select Worldwide ETF 0.4 63 17 7.8 +2.1
QQMG Invesco ESG NASDAQ 100 ETF 0.4 20 60 4.6 -1.0
FDVV Fidelity High Dividend ETF 0.4 15 65 7.5 +1.8
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 41 14.1 +8.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 59 4.3 -1.4
LRGE ClearBridge Large Cap Growth ESG ETF 0.3 59 21 4.0 -1.7
EIRL iShares MSCI Ireland ETF 0.3 50 30 8.5 +2.9
SCZ iShares MSCI EAFE Small-Cap ETF 0.3 40 40 7.4 +1.7
SCJ iShares MSCI Japan Small-Cap ETF 0.3 50 30 6.8 +1.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.3 15 65 8.6 +2.9
IBLC iShares Blockchain and Tech ETF 0.3 47 33 -4.1 -9.8
EATV VegTech Plant-based Innovation & Climate ETF 0.3 75 5 5.4 -0.3
QQQ Invesco QQQ Trust Series I 0.3 20 60 4.6 -1.1
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 55 12.4 +6.8
QQQM Invesco NASDAQ 100 ETF 0.3 15 65 4.6 -1.1
AVDV Avantis International Small Cap Value ETF 0.2 36 44 10.9 +5.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 41 16.9 +11.2
RVRB Reverb ETF 0.2 30 50 3.7 -1.9
AADR AdvisorShares Dorsey Wright ADR ETF 0.2 110 -30 5.1 -0.6
BUG Global X Cybersecurity ETF 0.2 51 29 2.8 -2.9
CIBR First Trust NASDAQ Cybersecurity ETF 0.2 60 20 4.2 -1.5
CZA Invesco Zacks Mid-Cap ETF 0.2 72 8 5.9 +0.2
EIS iShares MSCI Israel ETF 0.2 58 22 8.6 +2.9
FITE SPDR S&P Kensho Future Security ETF 0.2 45 35 2.8 -2.9
HACK ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund 0.2 60 20 3.0 -2.7
IHAK iShares Cybersecurity & Tech ETF 0.2 47 33 3.8 -1.9
ISRA VanEck Israel ETF 0.2 59 21 7.8 +2.1
ITEQ BlueStar Israel Technology ETF 0.2 75 5 2.1 -3.6
IZRL ARK Israel Innovative Technology ETF 0.2 49 31 1.4 -4.3
JOET Virtus Terranova US Quality Momentum ETF 0.2 29 51 5.0 -0.7
KOMP SPDR S&P Kensho New Economies Composite ETF 0.2 20 60 3.7 -2.0
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.2 12 68 5.0 -0.7
QLC FlexShares US Quality Large Cap Index Fund 0.2 25 55 5.9 +0.2
QLV FlexShares US Quality Low Volatility Index Fund 0.2 22 58 5.8 +0.1
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.2 20 60 4.5 -1.2
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.2 15 65 5.7 -0.0
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.2 40 40 4.0 -1.7
TMAT Main Thematic Innovation ETF 0.2 164 -84 -1.5 -7.2
WCBR WisdomTree Cybersecurity Fund 0.2 45 35 1.9 -3.8
XITK SPDR FactSet Innovative Technology ETF 0.2 45 35 0.5 -5.1
TRFK Pacer Data and Digital Revolution ETF 0.2 60 20 3.9 -1.8
APIE ActivePassive International Equity ETF 0.2 45 35 7.7 +2.0
SPAM Themes Cybersecurity ETF 0.2 35 45 1.7 -4.0
CLOD Themes Cloud Computing ETF 0.2 35 45 2.1 -3.6
RJMG FT Raymond James Multicap Growth Equity ETF 0.2 85 -5 2.6 -3.1
THRO iShares U.S. Thematic Rotation Active ETF 0.2 90 -10 4.4 -1.3
AIS VistaShares Artificial Intelligence Supercycle ETF 0.2 75 5 4.6 -1.1
LST Leuthold Select Industries ETF 0.2 91 -11 6.1 +0.4
ENZL iShares MSCI New Zealand ETF 0.2 50 30 3.4 -2.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 44 11.2 +5.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 65 10.8 +5.1
PRNT 3D Printing ETF 0.2 66 14 1.5 -4.2
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 69 11.8 +6.1
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 45 4.6 -1.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 21 13.7 +8.0
VYM Vanguard High Dividend Yield Index ETF 0.1 6 74 7.3 +1.6
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 48 5.2 -0.5
HLAL Wahed FTSE USA Shariah ETF 0.1 50 30 5.2 -0.5
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 71 5.0 -0.7
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 41 7.0 +1.3
TAX Cambria Tax Aware ETF 0.1 49 31 5.4 -0.3
IXN iShares Global Tech ETF 0.1 41 39 4.5 -1.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 47 10.6 +4.9
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 55 7.3 +1.6
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 55 7.4 +1.7

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 11.5 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.67 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.