First Trust Horizon Managed Volatility Developed Intl ETF
ALTAR
Score™		 6.1% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 14.0x P/Sales
ratio		 1.2x
P/BV
ratio		 1.4x Div.
yield		 4.7%


  • 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) $22
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 159
Wgt avg mkt cap (mns) $32,008
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 2.1 %
HONG KONG & CHINA GAS 2.1 %
CLP HOLDINGS LTD 2.0 %
TELSTRA CORPORATION LIMITED 1.8 %
SINGAPORE AIRLINES LTD 1.8 %
ASCENDAS REAL ESTATE INV TRT 1.8 %
SINO LAND CO 1.8 %
COLES GROUP LTD. 1.7 %
HONGKONG ELECTRIC HOLDINGS 1.4 %
WILMAR INTERNATIONAL LTD 1.2 %
Total 17.6 %

TOP COUNTRY EXPOSURE
JAPAN 15.5 %
SINGAPORE 13.6 %
HONG KONG 11.6 %
FRANCE 8.1 %
BRITAIN 7.4 %
AUSTRALIA 6.9 %
SWITZERLAND 6.0 %
ITALY 5.9 %
GERMANY 5.1 %
SWEDEN 4.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
22.1% 17.0% 7.8% -- 4.5%

Market Correlations
versus... Beta R-squared
S&P500 0.42 18%
MSCI EAFE 0.57 46%
MSCI Emg. Mkts. 0.53 46%

Technical Indicators
Recent close $34.55
30d moving avg. $34.71
Annualized volatility 12.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.3%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $6,540

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 417 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™: 6.1%


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 43.9 25 55 6.7 +0.6
EFAV iShares MSCI EAFE Min Vol Factor ETF 38.3 22 58 6.0 -0.1
DWMF WisdomTree International Multifactor Fund 33.7 38 42 7.1 +1.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 30.4 32 48 6.0 -0.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 26.8 30 50 6.9 +0.8
CIL VictoryShares International Volatility Wtd ETF 26.5 45 35 6.4 +0.3
TPIF Timothy Plan International ETF 25.9 62 18 6.1 0.0
DOL WisdomTree International LargeCap Dividend Fund 25.1 48 32 7.0 +0.9
JPIN J.P. Morgan Diversified Return International Equity ETF 23.6 37 43 8.0 +1.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 23.0 29 51 7.7 +1.6
DTH WisdomTree International High Dividend Fund 22.7 58 22 8.2 +2.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 22.7 40 40 7.2 +1.0
DWM WisdomTree International Equity Fund 22.7 48 32 7.2 +1.0
DIVI Franklin International Core Dividend Tilt Index ETF 22.4 9 71 7.7 +1.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 22.3 25 55 7.2 +1.0
DWX SPDR S&P International Dividend ETF 21.9 45 35 7.4 +1.3
JHMD John Hancock Multifactor Developed International ETF 21.0 39 41 7.3 +1.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 20.9 25 55 6.9 +0.8
EFV iShares MSCI EAFE Value ETF 20.4 34 46 8.8 +2.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 20.2 36 44 6.3 +0.2
FDEV Fidelity International Multifactor ETF 20.1 18 62 7.6 +1.5
HFXI IQ FTSE International Equity Currency Neutral ETF 20.0 20 60 6.6 +0.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 19.8 9 71 9.0 +2.9
GSID Goldman Sachs MarketBeta International Equity ETF 19.5 20 60 6.6 +0.4
EFA iShares MSCI EAFE ETF 18.9 35 45 6.4 +0.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 18.8 24 56 7.3 +1.2
LVHI Franklin International Low Volatility High Dividend Index ET 18.7 40 40 9.9 +3.8
ESGD iShares ESG Aware MSCI EAFE ETF 18.6 20 60 6.5 +0.4
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 18.6 19 61 5.4 -0.7
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 18.5 20 60 6.1 -0.0
BKIE BNY Mellon International Equity ETF 17.8 4 76 6.7 +0.6
VWID Virtus WMC International Dividend ETF 17.8 49 31 8.2 +2.1
EPP iShares MSCI Pacific ex-Japan ETF 17.8 47 33 5.2 -0.9
CEFA Global X S&P Catholic Values Developed ex-US ETF 17.8 35 45 6.3 +0.2
DIM WisdomTree International MidCap Dividend Fund 17.7 58 22 7.3 +1.1
JIRE JPMorgan International Research Enhanced Equity ETF 17.6 24 56 6.9 +0.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 17.5 46 34 6.5 +0.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 17.5 20 60 6.2 +0.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 17.4 14 66 6.0 -0.1
WWJD Inspire International ETF 17.3 80 0 7.1 +1.0
IQSI IQ Candriam International Equity ETF 17.3 15 65 6.3 +0.1
BBEU JPMorgan BetaBuilders Europe ETF 17.1 9 71 7.1 +1.0
UIVM VictoryShares International Value Momentum ETF 17.0 35 45 8.4 +2.3
FLEE Franklin FTSE Europe ETF 16.7 9 71 7.1 +1.0
IMFL Invesco International Developed Dynamic Multifactor ETF 16.7 34 46 5.6 -0.5
IEFA iShares Core MSCI EAFE ETF 16.5 7 73 6.8 +0.6
IEV iShares Europe ETF 16.5 67 13 6.6 +0.5
AIVI WisdomTree International AI Enhanced Value Fund 16.4 58 22 7.0 +0.9
DMXF iShares ESG Advanced MSCI EAFE ETF 16.3 12 68 5.3 -0.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 16.2 39 41 6.4 +0.3
FENI Fidelity Enhanced International ETF 16.1 28 52 6.2 +0.1
IQLT iShares MSCI Intl Quality Factor ETF 15.9 30 50 6.2 +0.1
VYMI Vanguard International High Dividend Yield ETF 15.7 17 63 9.3 +3.1
IEUR iShares Core MSCI Europe ETF 15.6 11 69 7.1 +1.0
SPEU SPDR Portfolio Europe ETF 15.2 7 73 7.2 +1.1
VGK Vanguard FTSE Europe ETF 15.1 6 74 7.3 +1.2
STXI Strive International Developed Markets ETF 15.1 29 51 6.4 +0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 14.9 45 35 8.5 +2.4
IDEV iShares Core MSCI International Developed Markets ETF 14.8 4 76 6.8 +0.7
RCGE RockCreek Global Equality ETF 14.5 95 -15 6.7 +0.6
SCHF Schwab International Equity ETF 14.4 6 74 6.9 +0.8
NUDM Nuveen ESG International Developed Markets Equity ETF 14.3 31 49 5.9 -0.2
DFAI Dimensional International Core Equity Market ETF 14.2 18 62 6.9 +0.8
EFAS Global X MSCI SuperDividend EAFE ETF 14.2 57 23 8.8 +2.6
FNDF Schwab Fundamental International Large Co. Index ETF 14.2 25 55 9.2 +3.0
SPDW SPDR Portfolio Developed World ex-US ETF 14.1 3 77 6.7 +0.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 14.0 45 35 6.7 +0.5
RODE Hartford Multifactor Diversified International ETF 13.8 29 51 10.3 +4.2
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 13.7 12 68 5.9 -0.2
VEA Vanguard FTSE Developed Markets ETF 13.7 3 77 6.9 +0.8
RFDI First Trust Riverfront Dynamic Developed International ETF 13.7 83 -3 9.1 +3.0
IVLU iShares MSCI Intl Value Factor ETF 13.6 30 50 9.9 +3.7
EZU iShares MSCI Eurozone ETF 13.5 52 28 6.5 +0.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 13.4 41 39 7.1 +1.0
DFIV Dimensional International Value ETF 13.4 27 53 9.2 +3.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 13.1 18 62 7.3 +1.1
FIVA Fidelity International Value Factor ETF 12.9 18 62 9.5 +3.4
IMTM iShares MSCI Intl Momentum Factor ETF 12.8 30 50 5.5 -0.7
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 12.8 25 55 6.0 -0.1
IPAC iShares Core MSCI Pacific ETF 12.8 9 71 6.1 -0.0
EWS iShares MSCI Singapore ETF 12.6 50 30 4.8 -1.3
EFAD ProShares MSCI EAFE Dividend Growers ETF 12.5 50 30 5.9 -0.2
INTF iShares International Equity Factor ETF 12.3 15 65 7.4 +1.3
QINT American Century Quality Diversified International ETF 12.3 39 41 6.9 +0.8
DIHP Dimensional International High Profitability ETF 12.2 29 51 6.8 +0.7
DVYA iShares Asia/Pacific Dividend ETF 12.2 49 31 7.5 +1.3
ACWX iShares MSCI ACWI ex U.S. ETF 12.1 34 46 7.3 +1.2
CWI SPDR MSCI ACWI ex-US ETF 12.1 30 50 7.4 +1.3
AVDE Avantis International Equity ETF 11.9 23 57 7.2 +1.0
EFG iShares MSCI EAFE Growth ETF 11.9 36 44 4.2 -1.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 11.9 39 41 7.7 +1.6
AVSD Avantis Responsible International Equity ETF 11.8 23 57 5.1 -1.0
EWH iShares MSCI Hong Kong ETF 11.5 50 30 5.1 -1.0
VPL Vanguard FTSE Pacific ETF 11.3 7 73 6.3 +0.2
INEQ Columbia International Equity Income ETF 11.3 45 35 7.7 +1.6
AVIV Avantis International Large Cap Value ETF 11.2 25 55 8.4 +2.3
PPIE Putnam PanAgora ESG International Equity ETF 11.2 49 31 7.1 +1.0
FLHK Franklin FTSE Hong Kong ETF 11.2 9 71 4.3 -1.8
SCHY Schwab International Dividend Equity ETF 11.1 14 66 9.6 +3.5
GCOW Pacer Global Cash Cows Dividend ETF 10.8 60 20 10.7 +4.6
VEU Vanguard FTSE All-World ex-US Index Fund 10.8 4 76 7.7 +1.6
FIDI Fidelity International High Dividend ETF 10.6 18 62 8.3 +2.2
FICS First Trust International Developed Capital Strength ETF 10.6 70 10 7.5 +1.4
JHID John Hancock International High Dividend ETF 10.5 46 34 8.8 +2.7
IDV iShares International Select Dividend ETF 10.5 51 29 10.3 +4.2
FID First Trust S&P International Dividend Aristocrats ETF 10.5 60 20 7.8 +1.7
IGRO iShares International Dividend Growth ETF 10.4 15 65 7.2 +1.0
IXUS iShares Core MSCI Total International Stock ETF 10.4 7 73 7.5 +1.4
IDOG ALPS International Sector Dividend Dogs ETF 10.4 50 30 11.8 +5.7
DEW WisdomTree Global High Dividend Fund 10.3 58 22 8.5 +2.4
DFIC Dimensional International Core Equity 2 ETF 10.3 23 57 7.2 +1.1
DFSI Dimensional International Sustainability Core 1 ETF 10.1 24 56 6.2 +0.1
VXUS Vanguard Total International Stock ETF 10.1 5 75 7.6 +1.5
IDMO Invesco S&P International Developed Momentum ETF 10.0 25 55 5.9 -0.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 9.9 25 55 6.2 +0.1
VSGX Vanguard ESG International Stock ETF 9.9 10 70 7.5 +1.4
WDIV SPDR S&P Global Dividend ETF 9.8 40 40 9.1 +3.0
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 9.7 10 70 6.8 +0.7
BLES Inspire Global Hope ETF 9.6 61 19 6.9 +0.8
IQRA IQ CBRE Real Assets ETF 9.6 65 15 5.8 -0.4
ACWV iShares MSCI Global Min Vol Factor ETF 9.4 20 60 6.0 -0.1
FLAU Franklin FTSE Australia ETF 9.3 9 71 6.2 +0.0
IQDF FlexShares International Quality Dividend Index Fund 9.3 47 33 8.6 +2.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 9.3 12 68 8.3 +2.2
DXIV Dimensional International Vector Equity ETF 9.3 34 46 7.6 +1.5
ASEA Global X FTSE Southeast Asia ETF 9.3 65 15 6.4 +0.3
RFEU First Trust Riverfront Dynamic Europe ETF 9.2 83 -3 10.1 +4.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 9.1 47 33 7.9 +1.8
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 9.1 65 15 4.7 -1.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 9.0 56 24 10.7 +4.6
IFGL iShares International Developed Real Estate ETF 9.0 48 32 7.0 +0.9
FEUZ First Trust Eurozone AlphaDEX ETF 9.0 80 0 7.8 +1.7
BBJP JPMorgan BetaBuilders Japan ETF 9.0 19 61 6.1 -0.0
EWA iShares MSCI Australia ETF 8.8 50 30 5.8 -0.3
KXI iShares Global Consumer Staples ETF 8.8 41 39 5.9 -0.3
DBJP Xtrackers MSCI Japan Hedged Equity ETF 8.7 47 33 5.7 -0.4
QWLD SPDR MSCI World StrategicFactors ETF 8.7 30 50 5.9 -0.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 8.6 47 33 5.7 -0.4
EWJV iShares MSCI Japan Value ETF 8.6 15 65 8.2 +2.1
IDHQ Invesco S&P International Developed High Quality ETF 8.4 29 51 6.4 +0.3
EWJ iShares MSCI Japan ETF 8.3 50 30 5.6 -0.5
FLJP Franklin FTSE Japan ETF 8.2 9 71 5.8 -0.3
TTAI FCF International Quality ETF 8.2 59 21 7.2 +1.1
FLJH Franklin FTSE Japan Hedged ETF 8.2 9 71 5.8 -0.3
ESGG FlexShares STOXX Global ESG Select Index Fund 8.0 42 38 5.3 -0.8
RWX SPDR Dow Jones International Real Estate ETF 8.0 59 21 7.0 +0.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 7.9 65 15 8.1 +1.9
EUFN iShares MSCI Europe Financials ETF 7.8 51 29 8.0 +1.9
VIDI Vident International Equity Strategy ETF 7.8 61 19 10.5 +4.4
JPXN iShares JPX-Nikkei 400 ETF 7.7 48 32 6.3 +0.1
FEP First Trust Europe AlphaDEX Fund 7.7 80 0 8.2 +2.1
GVAL Cambria Global Value ETF 7.7 68 12 10.8 +4.7
EUDV ProShares MSCI Europe Dividend Growers ETF 7.6 55 25 6.2 +0.1
EWQ iShares MSCI France ETF 7.5 53 27 6.9 +0.8
FEZ SPDR EURO STOXX 50 ETF 7.4 29 51 6.4 +0.3
FEOE First Eagle Overseas Equity ETF 7.4 79 1 7.2 +1.0
EUDG WisdomTree Europe Quality Dividend Growth Fund 7.2 58 22 6.7 +0.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 7.1 30 50 7.6 +1.4
GQRE FlexShares Global Quality Real Estate Index Fund 6.8 45 35 8.1 +2.0
DSTX Distillate International Fundamental Stability & Value ETF 6.7 55 25 7.7 +1.6
CGDG Capital Group Dividend Growers ETF 6.4 47 33 6.1 -0.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.4 78 2 9.1 +2.9
FLGB Franklin FTSE United Kingdom ETF 6.4 9 71 7.3 +1.2
FDD First Trust Stoxx European Select Dividend Index Fund 6.3 58 22 11.5 +5.4
EWU iShares MSCI United Kingdom ETF 6.3 50 30 7.9 +1.8
NXTG First Trust Indxx NextG ETF 6.3 70 10 4.9 -1.2
VIGI Vanguard International Dividend Appreciation ETF 6.3 10 70 6.5 +0.4
KLMT Invesco MSCI Global Climate 500 ETF 6.2 10 70 5.6 -0.6
ICOW Pacer Developed Markets International Cash Cows 100 ETF 6.2 65 15 10.4 +4.3
IQDG WisdomTree International Quality Dividend Growth Fund 6.2 42 38 6.6 +0.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 6.2 58 22 6.5 +0.3
CGIE Capital Group International Equity ETF 6.1 54 26 4.9 -1.2
HEDJ WisdomTree Europe Hedged Equity Fund 6.0 58 22 6.5 +0.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 6.0 80 0 8.7 +2.6
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 6.0 80 0 9.2 +3.1
FYLD Cambria Foreign Shareholder Yield ETF 5.9 59 21 11.6 +5.5
BKCI BNY Mellon Concentrated International ETF 5.9 80 0 5.1 -1.0
BINV Brandes International ETF 5.9 70 10 9.2 +3.1
IXG iShares Global Financials ETF 5.8 42 38 6.7 +0.6
IXP iShares Global Comm Services ETF 5.7 42 38 5.9 -0.2
ERET iShares Environmentally Aware Real Estate ETF 5.7 30 50 7.4 +1.2
UMMA Wahed Dow Jones Islamic World ETF 5.5 65 15 4.8 -1.3
JSTC Adasina Social Justice All Cap Global ETF 5.5 89 -9 5.0 -1.1
JXI iShares Global Utilities ETF 5.4 43 37 5.6 -0.6
DGT SPDR Global Dow ETF 5.3 50 30 6.6 +0.5
EWD iShares MSCI Sweden ETF 5.3 54 26 5.3 -0.8
KOKU Xtrackers MSCI Kokusai Equity ETF 5.3 9 71 5.1 -1.1
JIG JPMorgan International Growth ETF 5.2 55 25 4.6 -1.6
URTH iShares MSCI World ETF 5.0 24 56 5.0 -1.2
VGSR Vert Global Sustainable Real Estate ETF 4.9 47 33 7.7 +1.5
FEGE First Eagle Global Equity ETF 4.8 79 1 6.7 +0.6
FLGR Franklin FTSE Germany ETF 4.7 9 71 7.1 +0.9
EWG iShares MSCI Germany ETF 4.7 50 30 6.3 +0.2
RWO SPDR Dow Jones Global Real Estate ETF 4.7 50 30 7.1 +1.0
TOK iShares MSCI Kokusai ETF 4.6 26 54 4.9 -1.2
CZAR Themes Natural Monopoly ETF 4.6 35 45 5.6 -0.5
KNO AXS Knowledge Leaders ETF 4.5 78 2 5.9 -0.3
DIVS SmartETFs Dividend Builder ETF 4.5 65 15 5.1 -1.0
SDG iShares MSCI Global Sustainable Development Goals ETF 4.5 49 31 5.0 -1.1
SRET Global X SuperDividend REIT ETF 4.4 59 21 12.3 +6.1
ACWI iShares MSCI ACWI ETF 4.4 32 48 5.4 -0.8
EWI iShares MSCI Italy ETF 4.4 50 30 10.8 +4.7
EWN iShares MSCI Netherlands ETF 4.3 50 30 5.3 -0.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 4.3 42 38 6.3 +0.2
EWL iShares MSCI Switzerland ETF 4.2 50 30 6.3 +0.2
DAX Global X DAX Germany ETF 4.2 21 59 6.7 +0.6
AVRE Avantis Real Estate ETF 4.1 17 63 7.4 +1.2
FLSW Franklin FTSE Switzerland ETF 4.1 9 71 6.5 +0.3
FLAX Franklin FTSE Asia Ex Japan ETF 4.0 19 61 8.2 +2.1
BLLD JPMorgan Sustainable Infrastructure ETF 4.0 49 31 5.9 -0.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.0 12 68 5.0 -1.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.9 20 60 5.5 -0.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 3.9 9 71 5.5 -0.6
IPKW Invesco International BuyBack Achievers ETF 3.9 55 25 9.1 +2.9
DXJ WisdomTree Japan Hedged Equity Fund 3.9 48 32 6.9 +0.7
ERTH Invesco MSCI Sustainable Future ETF 3.8 62 18 3.4 -2.7
VT Vanguard Total World Stock ETF 3.8 6 74 5.7 -0.4
WLDR Affinity World Leaders Equity ETF 3.8 67 13 7.2 +1.0
GNR SPDR S&P Global Natural Resources ETF 3.8 40 40 10.8 +4.6
REET iShares Global REIT ETF 3.8 14 66 7.6 +1.5
DFGR Dimensional Global Real Estate ETF 3.8 22 58 7.8 +1.7
AIA iShares Asia 50 ETF 3.7 50 30 12.3 +6.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 3.7 70 10 8.2 +2.1
KOCG FIS Knights of Columbus Global Belief ETF 3.6 75 5 4.8 -1.3
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 3.6 46 34 5.8 -0.3
GLOF iShares Global Equity Factor ETF 3.5 20 60 6.7 +0.5
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 3.5 80 0 4.2 -1.9
FSZ First Trust Switzerland AlphaDEX Fund 3.4 80 0 6.6 +0.4
GII SPDR S&P Global Infrastructure ETF 3.4 40 40 4.7 -1.4
IGF iShares Global Infrastructure ETF 3.4 41 39 4.7 -1.5
EXI iShares Global Industrials ETF 3.3 42 38 4.4 -1.8
IOO iShares Global 100 ETF 3.3 41 39 4.5 -1.6
FJP First Trust Japan AlphaDEX Fund 3.3 80 0 8.4 +2.3
KNCT Invesco Next Gen Connectivity ETF 3.2 40 40 4.5 -1.6
MOTI VanEck Morningstar International Moat ETF 3.1 58 22 10.5 +4.4
IXJ iShares Global Healthcare ETF 3.1 42 38 7.0 +0.9
CCNR ALPS CoreCommodity Natural Resources ETF 2.9 39 41 9.5 +3.4
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.9 58 22 4.3 -1.8
RAYD Rayliant Quantitative Developed Market Equity ETF 2.8 80 0 4.4 -1.7
RGEF Rockefeller Global Equity ETF 2.7 55 25 4.6 -1.6
AIRL Themes Airlines ETF 2.7 35 45 3.2 -2.9
MOTG VanEck Morningstar Global Wide Moat ETF 2.7 52 28 8.7 +2.6
FAN First Trust Global Wind Energy ETF 2.7 60 20 4.0 -2.1
FNDC Schwab Fundamental International Small Co. Index ETF 2.6 39 41 5.8 -0.3
HAP VanEck Natural Resources ETF 2.6 50 30 9.2 +3.1
DTAN Sparkline International Intangible Value ETF 2.6 55 25 8.1 +2.0
FKU First Trust United Kingdom AlphaDEX Fund 2.6 80 0 7.8 +1.6
XT iShares Exponential Technologies ETF 2.5 46 34 4.6 -1.5
PATN Pacer Nasdaq International Patent Leaders ETF 2.5 65 15 5.2 -0.9
GLBL Pacer MSCI World Industry Advantage ETF 2.4 65 15 4.1 -2.0
IVAL Alpha Architect International Quantitative Value ETF 2.4 49 31 10.5 +4.4
OBOR KraneShares MSCI One Belt One Road Index ETF 2.4 79 1 8.0 +1.9
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.3 46 34 9.8 +3.7
MXI iShares Global Materials ETF 2.3 41 39 7.5 +1.4
QTUM Defiance Quantum ETF 2.2 40 40 5.2 -0.9
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 2.1 60 20 3.8 -2.3
CGGO Capital Group Global Growth Equity ETF 2.1 47 33 4.2 -2.0
JGLO JPMorgan Global Select Equity ETF 2.0 33 47 4.9 -1.2
COPY Tweedy, Browne Insider + Value ETF 2.0 80 0 12.1 +6.0
OSEA Harbor International Compounders ETF 2.0 55 25 4.8 -1.3
EWP iShares MSCI Spain ETF 2.0 50 30 6.9 +0.7
FGM First Trust Germany AlphaDEX Fund 2.0 80 0 6.9 +0.8
WRND IQ Global Equity R&D Leaders ETF 2.0 18 62 7.4 +1.3
CRTC Xtrackers US National Critical Technologies ETF 1.9 35 45 4.7 -1.4
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 1.9 75 5 7.0 +0.9
JETS U.S. Global Jets ETF 1.9 60 20 3.5 -2.7
FILL iShares MSCI Global Energy Producers ETF 1.9 39 41 11.3 +5.2
IXC iShares Global Energy ETF 1.9 44 36 10.2 +4.1
SMOG VanEck Low Carbon Energy ETF 1.9 61 19 1.5 -4.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.9 70 10 3.9 -2.2
FPXI First Trust International Equity Opportunities ETF 1.8 70 10 4.2 -1.9
BJK VanEck Gaming ETF 1.8 65 15 4.6 -1.5
GSFP Goldman Sachs Future Planet Equity ETF 1.8 75 5 4.2 -1.9
OCEN IQ Clean Oceans ETF 1.7 45 35 5.1 -1.0
CLNR IQ Cleaner Transport ETF 1.7 45 35 5.0 -1.1
EWK iShares MSCI Belgium ETF 1.6 50 30 4.2 -1.9
VCLN Virtus Duff & Phelps Clean Energy ETF 1.6 59 21 4.0 -2.2
MDEV First Trust Indxx Medical Devices ETF 1.6 70 10 4.8 -1.3
ISCF iShares International SmallCap Equity Factor ETF 1.6 23 57 8.2 +2.0
INFL Horizon Kinetics Inflation Beneficiaries ETF 1.5 85 -5 3.8 -2.4
BLDG Cambria Global Real Estate ETF 1.5 60 20 11.8 +5.6
ICLN iShares Global Clean Energy ETF 1.5 41 39 3.1 -3.0
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.5 58 22 8.5 +2.4
CGXU Capital Group International Focus Equity ETF 1.5 54 26 5.4 -0.8
EDEN iShares MSCI Denmark ETF 1.5 53 27 6.5 +0.4
TEMP JPMorgan Climate Change Solutions ETF 1.4 49 31 5.6 -0.5
SAGP Strategas Global Policy Opportunities ETF 1.4 65 15 5.4 -0.7
RITA ETFB Green SRI REITs ETF 1.4 50 30 5.8 -0.3
ENOR iShares MSCI Norway ETF 1.4 53 27 10.8 +4.7
NORW Global X MSCI Norway ETF 1.4 50 30 10.9 +4.8
AGQI First Trust Active Global Quality Income ETF 1.3 85 -5 4.6 -1.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.3 49 31 7.0 +0.8
TMFG Motley Fool Global Opportunities ETF 1.3 85 -5 4.0 -2.1
BCDF Horizon Kinetics Blockchain Development ETF 1.3 85 -5 3.8 -2.3
GINN Goldman Sachs Innovate Equity ETF 1.3 52 28 3.6 -2.5
DISV Dimensional International Small Cap Value ETF 1.3 42 38 9.0 +2.9
IDNA iShares Genomics Immunology and Healthcare ETF 1.2 47 33 -2.3 -8.5
FTAG First Trust Indxx Global Agriculture ETF 1.2 70 10 8.6 +2.4
MOO VanEck Agribusiness ETF 1.2 53 27 11.0 +4.9
ANEW ProShares MSCI Transformational Changes ETF 1.1 45 35 5.2 -0.9
FDFF Fidelity Disruptive Finance ETF 1.1 50 30 4.5 -1.6
IMOM Alpha Architect International Quantitative Momentum ETF 1.1 49 31 4.7 -1.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.0 95 -15 10.9 +4.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 45 4.1 -2.0
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.0 60 20 5.1 -1.0
QQLV Invesco QQQ Low Volatility ETF 1.0 25 55 4.8 -1.4
SUPL ProShares Supply Chain Logistics ETF 1.0 58 22 10.3 +4.2
SHPP Pacer Industrials and Logistics ETF 1.0 60 20 8.2 +2.1
DFIS Dimensional International Small Cap ETF 1.0 39 41 7.1 +1.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.0 58 22 4.5 -1.6
HART IQ Healthy Hearts ETF 1.0 45 35 6.4 +0.2
BETZ Roundhill Sports Betting & iGaming ETF 1.0 75 5 2.9 -3.3
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.9 56 24 2.8 -3.3
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.9 20 60 4.7 -1.4
CUT Invesco MSCI Global Timber ETF 0.9 61 19 11.3 +5.1
WOOD iShares Global Timber & Forestry ETF 0.9 42 38 13.5 +7.4
VEGI iShares MSCI Agriculture Producers ETF 0.9 39 41 9.2 +3.0
AGNG Global X Aging Population ETF 0.8 50 30 4.8 -1.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.7 45 35 1.4 -4.8
MEM Matthews Emerging Markets Equity Active ETF 0.7 79 1 7.1 +1.0
OAIM OneAscent International Equity ETF 0.7 95 -15 5.4 -0.7
WDNA WisdomTree BioRevolution Fund 0.7 45 35 -2.3 -8.4
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.7 79 1 4.9 -1.2
VOLT Tema Electrification ETF 0.7 75 5 3.4 -2.7
BITQ Bitwise Crypto Industry Innovators ETF 0.7 85 -5 -1.9 -8.0
BLOK Amplify Transformational Data Sharing ETF 0.7 75 5 0.3 -5.8
DFNL Davis Select Financial ETF 0.7 63 17 7.7 +1.5
DINT Davis Select International ETF 0.7 55 25 7.6 +1.5
DTEC ALPS Disruptive Technologies ETF 0.7 50 30 3.6 -2.5
GSIB Themes Global Systemically Important Banks ETF 0.7 35 45 9.4 +3.3
TOLL Tema Durable Quality ETF 0.6 75 5 5.2 -1.0
RSHO Tema American Reshoring ETF 0.6 75 5 4.5 -1.6
IBAT iShares Energy Storage & Materials ETF 0.6 47 33 2.5 -3.6
IPAV Global X Infrastructure Development ex-U.S. ETF 0.6 55 25 6.9 +0.8
PICK iShares MSCI Global Metals & Mining Producers ETF 0.6 39 41 11.3 +5.2
PBD Invesco Global Clean Energy ETF 0.6 75 5 0.9 -5.3
FDRR Fidelity Dividend ETF for Rising Rates 0.6 15 65 6.9 +0.8
FBCV Fidelity Blue Chip Value ETF 0.6 59 21 7.5 +1.4
BMED Future Health ETF 0.6 85 -5 0.3 -5.8
FDHT Fidelity Digital Health ETF 0.6 39 41 1.4 -4.7
GDOC Goldman Sachs Future Health Care Equity ETF 0.6 75 5 2.7 -3.4
CGUS Capital Group Core Equity ETF 0.6 33 47 4.4 -1.8
FINE Themes European Luxury ETF 0.6 35 45 3.8 -2.3
FFLC Fidelity Fundamental Large Cap Core ETF 0.5 38 42 4.5 -1.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.5 50 30 10.2 +4.1
EIRL iShares MSCI Ireland ETF 0.5 50 30 8.1 +2.0
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.5 68 12 2.3 -3.8
SYNB Putnam BioRevolution ETF 0.5 70 10 2.6 -3.6
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.5 61 19 1.9 -4.2
PAWZ ProShares Pet Care ETF 0.5 50 30 3.7 -2.4
FTRI First Trust Indxx Global Natural Resources Income ETF 0.4 70 10 8.0 +1.9
ENZL iShares MSCI New Zealand ETF 0.4 50 30 3.5 -2.6
RNRG Global X Renewable Energy Producers ETF 0.4 66 14 5.1 -1.0
FVD First Trust Value Line Dividend Index Fund 0.4 65 15 6.4 +0.3
EFRA iShares Environmental Infrastructure and Industrials ETF 0.4 47 33 5.4 -0.8
RXI iShares Global Consumer Discretionary ETF 0.4 41 39 8.2 +2.1
PCGG Polen Capital Global Growth ETF 0.4 85 -5 4.0 -2.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.4 15 65 7.3 +1.2
FDNI First Trust Dow Jones International Internet ETF 0.3 65 15 21.1 +15.0
SCJ iShares MSCI Japan Small-Cap ETF 0.3 50 30 6.7 +0.6
AIQ Global X Artificial Intelligence & Technology ETF 0.3 68 12 3.5 -2.6
AVDV Avantis International Small Cap Value ETF 0.3 36 44 9.1 +3.0
RAYJ Rayliant SMDAM Japan Equity ETF 0.3 72 8 3.4 -2.8
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 55 10.5 +4.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.3 39 41 15.5 +9.3
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 60 4.1 -2.1
ABLG Abacus FCF International Leaders ETF 0.3 59 21 6.6 +0.5
AADR AdvisorShares Dorsey Wright ADR ETF 0.3 110 -30 4.9 -1.3
BUG Global X Cybersecurity ETF 0.3 51 29 2.5 -3.7
CIBR First Trust NASDAQ Cybersecurity ETF 0.3 60 20 4.1 -2.1
CZA Invesco Zacks Mid-Cap ETF 0.3 72 8 7.5 +1.4
EIS iShares MSCI Israel ETF 0.3 58 22 7.7 +1.6
FITE SPDR S&P Kensho Future Security ETF 0.3 45 35 1.5 -4.6
HACK ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund 0.3 60 20 3.0 -3.2
IHAK iShares Cybersecurity & Tech ETF 0.3 47 33 4.3 -1.8
ISRA VanEck Israel ETF 0.3 59 21 7.0 +0.8
ITEQ BlueStar Israel Technology ETF 0.3 75 5 1.6 -4.5
IZRL ARK Israel Innovative Technology ETF 0.3 49 31 1.5 -4.6
JOET Virtus Terranova US Quality Momentum ETF 0.3 29 51 4.9 -1.3
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.3 12 68 6.1 0.0
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 55 5.3 -0.9
QLV FlexShares US Quality Low Volatility Index Fund 0.3 22 58 5.8 -0.3
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.3 20 60 4.5 -1.6
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.3 15 65 4.9 -1.3
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.3 40 40 3.8 -2.3
TMAT Main Thematic Innovation ETF 0.3 164 -84 -1.5 -7.6
WCBR WisdomTree Cybersecurity Fund 0.3 45 35 1.9 -4.3
XITK SPDR FactSet Innovative Technology ETF 0.3 45 35 -0.1 -6.2
TRFK Pacer Data and Digital Revolution ETF 0.3 60 20 2.7 -3.4
PRAY FIS Christian Stock Fund 0.3 69 11 5.1 -1.0
SPAM Themes Cybersecurity ETF 0.3 35 45 2.4 -3.7
CLOD Themes Cloud Computing ETF 0.3 35 45 3.4 -2.8
RJMG FT Raymond James Multicap Growth Equity ETF 0.3 85 -5 3.0 -3.1
THRO iShares U.S. Thematic Rotation Active ETF 0.3 90 -10 4.2 -2.0
BEEX BeeHive ETF 0.3 84 -4 4.3 -1.8
LST Leuthold Select Industries ETF 0.3 91 -11 5.4 -0.7
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 31 14.8 +8.7
APIE ActivePassive International Equity ETF 0.2 45 35 7.2 +1.0
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.2 49 31 3.7 -2.4
QQQ Invesco QQQ Trust Series I 0.2 20 60 4.0 -2.1
QQQM Invesco NASDAQ 100 ETF 0.2 15 65 4.1 -2.0
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 59 3.7 -2.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 44 8.9 +2.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 65 9.4 +3.3
SCZ iShares MSCI EAFE Small-Cap ETF 0.2 40 40 6.9 +0.8
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 69 9.0 +2.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 21 8.4 +2.3
FDVV Fidelity High Dividend ETF 0.2 15 65 7.7 +1.6
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 38 7.4 +1.3
IXN iShares Global Tech ETF 0.1 41 39 3.3 -2.8
KOMP SPDR S&P Kensho New Economies Composite ETF 0.1 20 60 2.8 -3.3
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 48 5.0 -1.1
RVRB Reverb ETF 0.1 30 50 4.5 -1.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 47 9.1 +3.0
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 45 5.2 -0.9
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 71 4.7 -1.4
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 41 6.8 +0.7

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 9.1 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 6.1 %
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.