First Trust Horizon Managed Volatility Developed Intl ETF
ALTAR
Score™		 5.5% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 15.2x 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) $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) $42,322
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
CLP HOLDINGS LTD 2.0 %
CAPITAMALL TRUST 2.0 %
SINGAPORE AIRLINES LTD 1.9 %
HONG KONG & CHINA GAS 1.9 %
TELSTRA CORPORATION LIMITED 1.8 %
ASCENDAS REAL ESTATE INV TRT 1.7 %
COLES GROUP LTD. 1.6 %
SINO LAND CO 1.5 %
HONGKONG ELECTRIC HOLDINGS 1.5 %
WILMAR INTERNATIONAL LTD 1.2 %
Total 17.2 %

TOP COUNTRY EXPOSURE
JAPAN 15.1 %
SINGAPORE 12.4 %
HONG KONG 11.5 %
AUSTRALIA 10.1 %
FRANCE 8.9 %
BRITAIN 7.5 %
GERMANY 5.2 %
SWEDEN 5.0 %
SWITZERLAND 4.9 %
ITALY 4.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
21.5% 24.3% 7.5% -- 4.6%

Market Correlations
versus... Beta R-squared
S&P500 0.49 31%
MSCI EAFE 0.67 61%
MSCI Emg. Mkts. 0.60 51%

Technical Indicators
Recent close $34.96
30d moving avg. $35.25
Annualized volatility 14.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 16
Turnover 2.5%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $6,540

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 419 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™: 5.5%


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 43.1 25 55 6.5 +0.9
EFAV iShares MSCI EAFE Min Vol Factor ETF 39.2 22 58 5.7 +0.2
DWMF WisdomTree International Multifactor Fund 32.5 38 42 7.0 +1.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 29.8 32 48 5.9 +0.4
QEFA SPDR MSCI EAFE StrategicFactors ETF 27.5 30 50 7.0 +1.5
CIL VictoryShares International Volatility Wtd ETF 24.9 45 35 6.6 +1.1
TPIF Timothy Plan International ETF 24.3 62 18 6.2 +0.7
DOL WisdomTree International LargeCap Dividend Fund 24.1 48 32 7.4 +1.8
DWX SPDR S&P International Dividend ETF 22.9 45 35 6.2 +0.7
JPIN J.P. Morgan Diversified Return International Equity ETF 21.7 37 43 8.6 +3.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 21.4 40 40 7.6 +2.0
DWM WisdomTree International Equity Fund 21.3 48 32 7.4 +1.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 21.1 29 51 7.9 +2.4
DIVI Franklin International Core Dividend Tilt Index ETF 20.9 9 71 8.1 +2.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 20.8 25 55 7.2 +1.7
DTH WisdomTree International High Dividend Fund 20.6 58 22 8.8 +3.3
EFV iShares MSCI EAFE Value ETF 20.5 34 46 9.3 +3.7
JHMD John Hancock Multifactor Developed International ETF 19.8 39 41 7.6 +2.1
EFA iShares MSCI EAFE ETF 19.5 35 45 6.9 +1.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 19.4 25 55 7.1 +1.6
FDEV Fidelity International Multifactor ETF 19.1 18 62 7.4 +1.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 19.1 36 44 6.9 +1.3
HFXI IQ FTSE International Equity Currency Neutral ETF 18.8 20 60 7.2 +1.6
ESGD iShares ESG Aware MSCI EAFE ETF 18.7 20 60 6.9 +1.4
GSID Goldman Sachs MarketBeta International Equity ETF 18.4 20 60 7.0 +1.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 18.3 9 71 9.1 +3.6
CEFA Global X S&P Catholic Values Developed ex-US ETF 18.2 35 45 6.7 +1.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 18.1 20 60 6.5 +0.9
EPP iShares MSCI Pacific ex-Japan ETF 17.7 47 33 5.4 -0.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 17.5 20 60 6.6 +1.1
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 17.4 19 61 6.0 +0.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 17.4 24 56 7.5 +2.0
VWID Virtus WMC International Dividend ETF 17.2 49 31 8.8 +3.3
LVHI Franklin International Low Volatility High Dividend Index ET 17.2 40 40 10.8 +5.2
IEFA iShares Core MSCI EAFE ETF 17.1 7 73 7.1 +1.6
WWJD Inspire International ETF 17.0 80 0 7.2 +1.7
IMFL Invesco International Developed Dynamic Multifactor ETF 17.0 34 46 5.9 +0.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 16.9 46 34 6.9 +1.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 16.9 14 66 6.3 +0.7
IEV iShares Europe ETF 16.9 67 13 6.8 +1.2
UIVM VictoryShares International Value Momentum ETF 16.9 35 45 8.9 +3.4
IQSI IQ Candriam International Equity ETF 16.9 15 65 6.7 +1.1
BKIE BNY Mellon International Equity ETF 16.9 4 76 7.1 +1.5
BBEU JPMorgan BetaBuilders Europe ETF 16.6 9 71 7.1 +1.6
JIRE JPMorgan International Research Enhanced Equity ETF 16.6 24 56 7.1 +1.6
IQLT iShares MSCI Intl Quality Factor ETF 16.4 30 50 6.2 +0.7
EFAS Global X MSCI SuperDividend EAFE ETF 16.3 57 23 8.5 +2.9
DMXF iShares ESG Advanced MSCI EAFE ETF 16.3 12 68 5.5 -0.0
DIM WisdomTree International MidCap Dividend Fund 16.2 58 22 7.6 +2.0
FLEE Franklin FTSE Europe ETF 16.1 9 71 7.3 +1.7
IEUR iShares Core MSCI Europe ETF 16.1 11 69 7.3 +1.7
AIVI WisdomTree International AI Enhanced Value Fund 15.9 58 22 7.3 +1.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 15.8 45 35 8.9 +3.3
STXI Strive International Developed Markets ETF 15.8 29 51 6.9 +1.4
IMTM iShares MSCI Intl Momentum Factor ETF 15.8 30 50 5.4 -0.1
VYMI Vanguard International High Dividend Yield ETF 15.7 17 63 9.8 +4.2
FENI Fidelity Enhanced International ETF 15.7 28 52 6.7 +1.1
SPEU SPDR Portfolio Europe ETF 15.6 7 73 7.3 +1.7
VGK Vanguard FTSE Europe ETF 15.5 6 74 7.3 +1.8
IDEV iShares Core MSCI International Developed Markets ETF 15.4 4 76 7.1 +1.6
SCHF Schwab International Equity ETF 15.4 6 74 7.3 +1.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 15.2 39 41 6.8 +1.2
FNDF Schwab Fundamental International Large Co. Index ETF 15.0 25 55 9.5 +4.0
SPDW SPDR Portfolio Developed World ex-US ETF 14.8 3 77 7.2 +1.6
DFAI Dimensional International Core Equity Market ETF 14.5 18 62 7.2 +1.7
VEA Vanguard FTSE Developed Markets ETF 14.2 3 77 7.3 +1.7
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 14.2 12 68 6.1 +0.6
IVLU iShares MSCI Intl Value Factor ETF 14.1 30 50 10.6 +5.1
EZU iShares MSCI Eurozone ETF 14.1 52 28 6.6 +1.1
NUDM Nuveen ESG International Developed Markets Equity ETF 13.6 31 49 6.3 +0.8
RFDI First Trust Riverfront Dynamic Developed International ETF 13.6 83 -3 9.7 +4.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 13.5 45 35 7.1 +1.5
RCGE RockCreek Global Equality ETF 13.5 95 -15 6.3 +0.7
DFIV Dimensional International Value ETF 13.4 27 53 10.0 +4.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 13.3 50 30 5.8 +0.3
IPAC iShares Core MSCI Pacific ETF 12.9 9 71 6.8 +1.3
ACWX iShares MSCI ACWI ex U.S. ETF 12.9 34 46 7.8 +2.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.7 41 39 7.7 +2.2
EFG iShares MSCI EAFE Growth ETF 12.7 36 44 4.3 -1.2
INTF iShares International Equity Factor ETF 12.6 15 65 7.8 +2.3
CWI SPDR MSCI ACWI ex-US ETF 12.6 30 50 7.8 +2.2
RODE Hartford Multifactor Diversified International ETF 12.6 29 51 12.7 +7.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 12.5 18 62 7.8 +2.3
QINT American Century Quality Diversified International ETF 12.3 39 41 7.4 +1.8
EWS iShares MSCI Singapore ETF 12.3 50 30 5.2 -0.3
FIVA Fidelity International Value Factor ETF 12.3 18 62 10.1 +4.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 12.1 25 55 5.9 +0.4
DIHP Dimensional International High Profitability ETF 12.0 29 51 7.2 +1.6
VPL Vanguard FTSE Pacific ETF 11.7 7 73 7.2 +1.7
VEU Vanguard FTSE All-World ex-US Index Fund 11.6 4 76 8.2 +2.6
DVYA iShares Asia/Pacific Dividend ETF 11.5 49 31 8.3 +2.8
INEQ Columbia International Equity Income ETF 11.3 45 35 8.3 +2.8
EWH iShares MSCI Hong Kong ETF 11.3 50 30 5.6 +0.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 11.2 39 41 8.1 +2.6
FEUZ First Trust Eurozone AlphaDEX ETF 11.1 80 0 9.0 +3.4
AVDE Avantis International Equity ETF 11.1 23 57 7.6 +2.0
IXUS iShares Core MSCI Total International Stock ETF 11.1 7 73 8.0 +2.4
SCHY Schwab International Dividend Equity ETF 11.1 14 66 9.6 +4.0
AVSD Avantis Responsible International Equity ETF 11.0 23 57 5.6 +0.1
FIDI Fidelity International High Dividend ETF 10.9 18 62 8.9 +3.4
FLHK Franklin FTSE Hong Kong ETF 10.8 9 71 7.1 +1.5
GCOW Pacer Global Cash Cows Dividend ETF 10.8 60 20 10.9 +5.3
IDMO Invesco S&P International Developed Momentum ETF 10.8 25 55 5.4 -0.2
VXUS Vanguard Total International Stock ETF 10.7 5 75 8.0 +2.5
PPIE Putnam PanAgora ESG International Equity ETF 10.7 49 31 7.4 +1.9
DFIC Dimensional International Core Equity 2 ETF 10.7 23 57 7.5 +2.0
VSGX Vanguard ESG International Stock ETF 10.7 10 70 7.9 +2.4
AVIV Avantis International Large Cap Value ETF 10.7 25 55 8.9 +3.3
IGRO iShares International Dividend Growth ETF 10.6 15 65 7.2 +1.7
OEUR ALPS O'Shares Europe Quality Dividend ETF 10.5 48 32 5.8 +0.3
DFSI Dimensional International Sustainability Core 1 ETF 10.5 24 56 6.4 +0.9
IDV iShares International Select Dividend ETF 10.4 51 29 11.0 +5.4
FEP First Trust Europe AlphaDEX Fund 10.3 80 0 9.2 +3.6
IDOG ALPS International Sector Dividend Dogs ETF 10.2 50 30 12.1 +6.6
FID First Trust S&P International Dividend Aristocrats ETF 10.1 60 20 8.1 +2.6
JHID John Hancock International High Dividend ETF 10.0 46 34 9.8 +4.3
ACWV iShares MSCI Global Min Vol Factor ETF 10.0 20 60 6.0 +0.4
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 9.9 25 55 7.5 +2.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 9.6 12 68 8.0 +2.5
DXIV Dimensional International Vector Equity ETF 9.5 34 46 7.9 +2.4
FICS First Trust International Developed Capital Strength ETF 9.4 70 10 6.2 +0.7
BLES Inspire Global Hope ETF 9.4 61 19 6.7 +1.2
IQRA IQ CBRE Real Assets ETF 9.4 65 15 5.8 +0.3
WDIV SPDR S&P Global Dividend ETF 9.3 40 40 9.5 +4.0
DEW WisdomTree Global High Dividend Fund 9.3 58 22 8.6 +3.1
RFEU First Trust Riverfront Dynamic Europe ETF 9.2 83 -3 10.3 +4.8
ASEA Global X FTSE Southeast Asia ETF 9.1 65 15 7.1 +1.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 9.1 10 70 8.2 +2.7
QWLD SPDR MSCI World StrategicFactors ETF 9.1 30 50 6.1 +0.5
EWJV iShares MSCI Japan Value ETF 9.0 15 65 9.6 +4.0
IFGL iShares International Developed Real Estate ETF 9.0 48 32 7.1 +1.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 8.9 47 33 5.8 +0.3
IDHQ Invesco S&P International Developed High Quality ETF 8.9 29 51 6.6 +1.0
FGD First Trust Dow Jones Global Select Dividend Index Fund 8.9 56 24 10.9 +5.4
BBJP JPMorgan BetaBuilders Japan ETF 8.8 19 61 7.3 +1.8
EWA iShares MSCI Australia ETF 8.8 50 30 5.8 +0.3
EWJ iShares MSCI Japan ETF 8.7 50 30 6.8 +1.3
DBJP Xtrackers MSCI Japan Hedged Equity ETF 8.7 47 33 7.0 +1.5
KXI iShares Global Consumer Staples ETF 8.7 41 39 5.6 +0.0
IQDF FlexShares International Quality Dividend Index Fund 8.6 47 33 9.2 +3.7
FLAU Franklin FTSE Australia ETF 8.5 9 71 6.2 +0.6
TTAI FCF International Quality ETF 8.5 59 21 7.0 +1.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.5 47 33 8.5 +2.9
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 8.5 65 15 3.6 -1.9
RWX SPDR Dow Jones International Real Estate ETF 8.3 59 21 7.1 +1.6
EUDV ProShares MSCI Europe Dividend Growers ETF 8.1 55 25 5.9 +0.3
FLJP Franklin FTSE Japan ETF 8.1 9 71 6.8 +1.3
FLJH Franklin FTSE Japan Hedged ETF 8.0 9 71 6.8 +1.2
EUFN iShares MSCI Europe Financials ETF 8.0 51 29 8.2 +2.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 7.9 80 0 9.6 +4.0
GVAL Cambria Global Value ETF 7.9 68 12 11.0 +5.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 7.9 65 15 7.4 +1.8
FEOE First Eagle Overseas Equity ETF 7.7 79 1 8.2 +2.7
JPXN iShares JPX-Nikkei 400 ETF 7.7 48 32 7.3 +1.7
EWQ iShares MSCI France ETF 7.6 53 27 7.1 +1.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 7.5 30 50 8.1 +2.5
ESGG FlexShares STOXX Global ESG Select Index Fund 7.5 42 38 5.4 -0.1
FEZ SPDR EURO STOXX 50 ETF 7.5 29 51 7.0 +1.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 7.0 58 22 6.7 +1.1
VIGI Vanguard International Dividend Appreciation ETF 6.9 10 70 6.2 +0.7
VIDI Vident International Equity Strategy ETF 6.8 61 19 11.3 +5.8
DSTX Distillate International Fundamental Stability & Value ETF 6.8 55 25 8.1 +2.6
KLMT Invesco MSCI Global Climate 500 ETF 6.8 10 70 5.9 +0.3
CZAR Themes Natural Monopoly ETF 6.8 35 45 5.4 -0.1
NXTG First Trust Indxx NextG ETF 6.7 70 10 5.3 -0.3
FDT First Trust Developed Markets ex-US AlphaDEX Fund 6.6 80 0 9.9 +4.4
EWU iShares MSCI United Kingdom ETF 6.5 50 30 8.5 +2.9
CGDG Capital Group Dividend Growers ETF 6.5 47 33 6.2 +0.6
FYLD Cambria Foreign Shareholder Yield ETF 6.4 59 21 11.9 +6.3
CGIE Capital Group International Equity ETF 6.4 54 26 5.0 -0.6
FLGB Franklin FTSE United Kingdom ETF 6.3 9 71 7.8 +2.3
GQRE FlexShares Global Quality Real Estate Index Fund 6.3 45 35 7.9 +2.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 6.3 58 22 7.0 +1.4
IQDG WisdomTree International Quality Dividend Growth Fund 6.3 42 38 7.0 +1.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.3 78 2 9.3 +3.8
ICOW Pacer Developed Markets International Cash Cows 100 ETF 6.2 65 15 11.5 +6.0
FDD First Trust Stoxx European Select Dividend Index Fund 6.2 58 22 11.6 +6.1
HEDJ WisdomTree Europe Hedged Equity Fund 6.2 58 22 6.7 +1.2
BKCI BNY Mellon Concentrated International ETF 5.9 80 0 5.0 -0.6
IXP iShares Global Comm Services ETF 5.9 42 38 5.7 +0.1
BINV Brandes International ETF 5.8 70 10 9.6 +4.0
UMMA Wahed Dow Jones Islamic World ETF 5.8 65 15 5.1 -0.5
IXG iShares Global Financials ETF 5.8 42 38 6.7 +1.2
DGT SPDR Global Dow ETF 5.8 50 30 7.2 +1.7
JSTC Adasina Social Justice All Cap Global ETF 5.8 89 -9 4.8 -0.8
ERET iShares Environmentally Aware Real Estate ETF 5.5 30 50 7.5 +2.0
JIG JPMorgan International Growth ETF 5.5 55 25 4.7 -0.9
JXI iShares Global Utilities ETF 5.4 43 37 5.9 +0.4
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 5.4 80 0 4.8 -0.8
URTH iShares MSCI World ETF 5.3 24 56 5.2 -0.3
FLGR Franklin FTSE Germany ETF 5.1 9 71 6.6 +1.1
KOKU Xtrackers MSCI Kokusai Equity ETF 5.0 9 71 5.2 -0.3
EWD iShares MSCI Sweden ETF 5.0 54 26 5.4 -0.1
EWG iShares MSCI Germany ETF 5.0 50 30 5.9 +0.4
TOK iShares MSCI Kokusai ETF 4.9 26 54 5.1 -0.4
RWO SPDR Dow Jones Global Real Estate ETF 4.9 50 30 7.1 +1.6
KNO AXS Knowledge Leaders ETF 4.8 78 2 6.0 +0.4
ACWI iShares MSCI ACWI ETF 4.8 32 48 5.6 +0.1
EWI iShares MSCI Italy ETF 4.8 50 30 10.1 +4.6
FKU First Trust United Kingdom AlphaDEX Fund 4.8 80 0 7.3 +1.7
SDG iShares MSCI Global Sustainable Development Goals ETF 4.7 49 31 6.2 +0.6
FEGE First Eagle Global Equity ETF 4.7 79 1 7.0 +1.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 4.6 42 38 6.6 +1.1
VGSR Vert Global Sustainable Real Estate ETF 4.6 47 33 7.4 +1.8
DIVS SmartETFs Dividend Builder ETF 4.5 65 15 4.9 -0.6
EWN iShares MSCI Netherlands ETF 4.4 50 30 5.4 -0.1
IVAL Alpha Architect International Quantitative Value ETF 4.4 49 31 10.6 +5.1
SRET Global X SuperDividend REIT ETF 4.3 59 21 12.2 +6.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.3 12 68 5.2 -0.3
EWL iShares MSCI Switzerland ETF 4.2 50 30 6.0 +0.5
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 4.2 46 34 5.7 +0.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 4.2 9 71 5.9 +0.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.1 20 60 5.8 +0.2
DAX Global X DAX Germany ETF 4.1 21 59 6.3 +0.8
ERTH Invesco MSCI Sustainable Future ETF 4.1 62 18 3.6 -2.0
VT Vanguard Total World Stock ETF 4.1 6 74 6.0 +0.4
BLLD JPMorgan Sustainable Infrastructure ETF 4.0 49 31 6.1 +0.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 3.9 70 10 9.3 +3.8
DXJ WisdomTree Japan Hedged Equity Fund 3.9 48 32 8.2 +2.6
AIA iShares Asia 50 ETF 3.9 50 30 13.4 +7.9
FLSW Franklin FTSE Switzerland ETF 3.8 9 71 6.2 +0.7
GNR SPDR S&P Global Natural Resources ETF 3.7 40 40 11.3 +5.8
AVRE Avantis Real Estate ETF 3.7 17 63 7.2 +1.7
REET iShares Global REIT ETF 3.7 14 66 7.7 +2.1
GLOF iShares Global Equity Factor ETF 3.7 20 60 6.7 +1.2
IOO iShares Global 100 ETF 3.7 41 39 4.9 -0.6
FLAX Franklin FTSE Asia Ex Japan ETF 3.6 19 61 9.5 +4.0
DFGR Dimensional Global Real Estate ETF 3.6 22 58 7.5 +2.0
KOCG FIS Knights of Columbus Global Belief ETF 3.6 75 5 5.0 -0.5
EXI iShares Global Industrials ETF 3.6 42 38 4.5 -1.1
FSZ First Trust Switzerland AlphaDEX Fund 3.5 80 0 5.1 -0.5
KNCT Invesco Next Gen Connectivity ETF 3.5 40 40 5.0 -0.6
GII SPDR S&P Global Infrastructure ETF 3.4 40 40 4.8 -0.8
IGF iShares Global Infrastructure ETF 3.4 41 39 4.8 -0.8
WLDR Affinity World Leaders Equity ETF 3.4 67 13 7.7 +2.2
IXJ iShares Global Healthcare ETF 3.3 42 38 7.2 +1.6
FJP First Trust Japan AlphaDEX Fund 3.2 80 0 9.3 +3.8
FPXI First Trust International Equity Opportunities ETF 3.1 70 10 3.5 -2.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 3.0 58 22 4.7 -0.8
AIRL Themes Airlines ETF 2.9 35 45 1.7 -3.8
FGM First Trust Germany AlphaDEX Fund 2.9 80 0 6.1 +0.5
RGEF Rockefeller Global Equity ETF 2.9 55 25 4.9 -0.7
HAP VanEck Natural Resources ETF 2.8 50 30 9.6 +4.0
MOTI VanEck Morningstar International Moat ETF 2.8 58 22 11.0 +5.5
RAYD Rayliant Quantitative Developed Market Equity ETF 2.8 80 0 4.4 -1.1
PATN Pacer Nasdaq International Patent Leaders ETF 2.6 65 15 6.3 +0.7
GLBL Pacer MSCI World Industry Advantage ETF 2.6 65 15 4.2 -1.3
FAN First Trust Global Wind Energy ETF 2.6 60 20 4.5 -1.1
MOTG VanEck Morningstar Global Wide Moat ETF 2.6 52 28 6.7 +1.1
CCNR ALPS CoreCommodity Natural Resources ETF 2.6 39 41 11.4 +5.8
DTAN Sparkline International Intangible Value ETF 2.5 55 25 8.1 +2.5
MXI iShares Global Materials ETF 2.4 41 39 7.8 +2.3
OBOR KraneShares MSCI One Belt One Road Index ETF 2.4 79 1 8.7 +3.2
FNDC Schwab Fundamental International Small Co. Index ETF 2.3 39 41 5.8 +0.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.3 46 34 10.3 +4.7
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.2 70 10 4.6 -0.9
IWTR iShares MSCI Water Management Multisector ETF 2.2 47 33 5.6 +0.1
IPKW Invesco International BuyBack Achievers ETF 2.2 55 25 13.5 +7.9
QTUM Defiance Quantum ETF 2.2 40 40 5.4 -0.2
COPY Tweedy, Browne Insider + Value ETF 2.2 80 0 11.6 +6.1
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 2.2 60 20 3.5 -2.0
OSEA Harbor International Compounders ETF 2.1 55 25 4.6 -1.0
EWP iShares MSCI Spain ETF 2.1 50 30 7.3 +1.8
JGLO JPMorgan Global Select Equity ETF 2.0 33 47 4.9 -0.7
WRND IQ Global Equity R&D Leaders ETF 2.0 18 62 8.3 +2.8
CGGO Capital Group Global Growth Equity ETF 1.9 47 33 4.7 -0.9
JETS U.S. Global Jets ETF 1.9 60 20 2.5 -3.0
CRTC Xtrackers US National Critical Technologies ETF 1.9 35 45 4.8 -0.7
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 1.9 75 5 7.8 +2.3
SMOG VanEck Low Carbon Energy ETF 1.9 61 19 1.6 -4.0
OCEN IQ Clean Oceans ETF 1.8 45 35 6.3 +0.7
FILL iShares MSCI Global Energy Producers ETF 1.8 39 41 11.8 +6.2
IXC iShares Global Energy ETF 1.8 44 36 10.3 +4.8
ISCF iShares International SmallCap Equity Factor ETF 1.7 23 57 8.3 +2.7
GSFP Goldman Sachs Future Planet Equity ETF 1.7 75 5 4.6 -1.0
BJK VanEck Gaming ETF 1.7 65 15 4.0 -1.5
INFL Horizon Kinetics Inflation Beneficiaries ETF 1.7 85 -5 4.0 -1.5
MDEV First Trust Indxx Medical Devices ETF 1.7 70 10 4.3 -1.2
VCLN Virtus Duff & Phelps Clean Energy ETF 1.6 59 21 5.4 -0.1
CLNR IQ Cleaner Transport ETF 1.6 45 35 6.6 +1.0
EWK iShares MSCI Belgium ETF 1.6 50 30 4.5 -1.0
TMFG Motley Fool Global Opportunities ETF 1.6 85 -5 3.9 -1.6
BCDF Horizon Kinetics Blockchain Development ETF 1.5 85 -5 4.0 -1.6
SAGP Strategas Global Policy Opportunities ETF 1.5 65 15 5.2 -0.4
EDEN iShares MSCI Denmark ETF 1.5 53 27 6.5 +1.0
ICLN iShares Global Clean Energy ETF 1.5 41 39 5.8 +0.2
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.5 58 22 8.8 +3.2
DISV Dimensional International Small Cap Value ETF 1.5 42 38 9.4 +3.9
DTEC ALPS Disruptive Technologies ETF 1.5 50 30 3.8 -1.8
IMOM Alpha Architect International Quantitative Momentum ETF 1.4 49 31 3.2 -2.3
AGQI First Trust Active Global Quality Income ETF 1.4 85 -5 5.3 -0.3
ANEW ProShares MSCI Transformational Changes ETF 1.4 45 35 6.0 +0.5
TEMP JPMorgan Climate Change Solutions ETF 1.4 49 31 5.7 +0.2
CGXU Capital Group International Focus Equity ETF 1.4 54 26 5.7 +0.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.4 49 31 6.9 +1.4
ENOR iShares MSCI Norway ETF 1.3 53 27 10.0 +4.5
NORW Global X MSCI Norway ETF 1.3 50 30 10.0 +4.5
GINN Goldman Sachs Innovate Equity ETF 1.3 52 28 3.7 -1.9
FTAG First Trust Indxx Global Agriculture ETF 1.2 70 10 8.2 +2.7
MOO VanEck Agribusiness ETF 1.2 53 27 10.3 +4.7
IDNA iShares Genomics Immunology and Healthcare ETF 1.2 47 33 -2.2 -7.7
IVEG iShares Emergent Food and AgTech Multisector ETF 1.2 47 33 8.8 +3.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.2 95 -15 12.8 +7.3
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 45 4.2 -1.4
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.0 60 20 4.3 -1.2
HGRO Hedgeye Quality Growth ETF 1.0 70 10 3.3 -2.3
FDFF Fidelity Disruptive Finance ETF 1.0 50 30 4.0 -1.5
SHPP Pacer Industrials and Logistics ETF 1.0 60 20 8.4 +2.8
CUT Invesco MSCI Global Timber ETF 1.0 61 19 9.9 +4.4
WOOD iShares Global Timber & Forestry ETF 1.0 42 38 12.0 +6.4
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.0 20 60 4.2 -1.4
BLDG Cambria Global Real Estate ETF 1.0 60 20 12.0 +6.5
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.0 58 22 3.9 -1.6
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.9 56 24 2.5 -3.0
BETZ Roundhill Sports Betting & iGaming ETF 0.9 75 5 1.9 -3.6
HART IQ Healthy Hearts ETF 0.9 45 35 6.6 +1.0
VEGI iShares MSCI Agriculture Producers ETF 0.9 39 41 8.5 +3.0
DFIS Dimensional International Small Cap ETF 0.9 39 41 7.3 +1.8
AGNG Global X Aging Population ETF 0.8 50 30 4.8 -0.7
ABLG Abacus FCF International Leaders ETF 0.8 59 21 6.4 +0.8
WDNA WisdomTree BioRevolution Fund 0.8 45 35 -1.2 -6.8
CLOD Themes Cloud Computing ETF 0.7 35 45 3.1 -2.5
OAIM OneAscent International Equity ETF 0.7 95 -15 5.6 +0.1
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.7 79 1 5.0 -0.5
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.7 45 35 4.5 -1.0
VOLT Tema Electrification ETF 0.7 75 5 2.8 -2.8
SUPL ProShares Supply Chain Logistics ETF 0.7 58 22 11.3 +5.7
MEM Matthews Emerging Markets Equity Active ETF 0.7 79 1 8.0 +2.5
GSIB Themes Global Systemically Important Banks ETF 0.7 35 45 9.6 +4.1
RSHO Tema American Reshoring ETF 0.6 75 5 4.7 -0.9
IBAT iShares Energy Storage & Materials ETF 0.6 47 33 5.2 -0.3
RITA ETFB Green SRI REITs ETF 0.6 50 30 6.5 +1.0
GDOC Goldman Sachs Future Health Care Equity ETF 0.6 75 5 2.8 -2.8
TOLL Tema Monopolies and Oligopolies ETF 0.6 75 5 3.9 -1.7
BITQ Bitwise Crypto Industry Innovators ETF 0.6 85 -5 -2.4 -8.0
BLOK Amplify Transformational Data Sharing ETF 0.6 75 5 -0.0 -5.6
DFNL Davis Select Financial ETF 0.6 63 17 7.5 +1.9
DINT Davis Select International ETF 0.6 55 25 8.0 +2.5
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.6 68 12 2.2 -3.4
FDRR Fidelity Dividend ETF for Rising Rates 0.6 15 65 7.2 +1.6
EIRL iShares MSCI Ireland ETF 0.6 50 30 8.7 +3.2
IPAV Global X Infrastructure Development ex-U.S. ETF 0.6 55 25 7.5 +2.0
BMED Future Health ETF 0.6 85 -5 0.5 -5.1
FDHT Fidelity Digital Health ETF 0.6 39 41 0.9 -4.7
PICK iShares MSCI Global Metals & Mining Producers ETF 0.6 39 41 13.4 +7.9
PBD Invesco Global Clean Energy ETF 0.6 75 5 0.5 -5.0
FFLC Fidelity Fundamental Large Cap Core ETF 0.6 38 42 4.6 -0.9
RW Rainwater Equity ETF 0.6 125 -45 2.6 -2.9
SYNB Putnam BioRevolution ETF 0.6 70 10 3.0 -2.6
FBCV Fidelity Blue Chip Value ETF 0.5 59 21 7.5 +1.9
CGUS Capital Group Core Equity ETF 0.5 33 47 4.3 -1.2
LUX Tema Luxury ETF 0.5 75 5 4.2 -1.4
FINE Themes European Luxury ETF 0.5 35 45 3.3 -2.3
FTRI First Trust Indxx Global Natural Resources Income ETF 0.5 70 10 8.1 +2.6
AIQ Global X Artificial Intelligence & Technology ETF 0.5 68 12 3.8 -1.7
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.5 61 19 1.4 -4.2
PAWZ ProShares Pet Care ETF 0.5 50 30 3.7 -1.8
ENZL iShares MSCI New Zealand ETF 0.5 50 30 3.6 -2.0
RNRG Global X Renewable Energy Producers ETF 0.5 66 14 5.6 +0.1
XT iShares Exponential Technologies ETF 0.4 46 34 4.8 -0.8
PCGG Polen Capital Global Growth ETF 0.4 85 -5 3.7 -1.8
FVD First Trust Value Line Dividend Index Fund 0.4 65 15 6.3 +0.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.4 50 30 11.4 +5.8
RXI iShares Global Consumer Discretionary ETF 0.4 41 39 9.1 +3.6
FDNI First Trust Dow Jones International Internet ETF 0.4 65 15 18.6 +13.0
PTEC Global X PropTech ETF 0.4 50 30 1.7 -3.8
EFRA iShares Environmental Infrastructure and Industrials ETF 0.4 47 33 5.2 -0.4
OGIG ALPS O'Shares Global Internet Giants ETF 0.4 48 32 1.6 -3.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.3 39 41 16.2 +10.7
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 55 11.9 +6.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.3 15 65 8.2 +2.6
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 60 4.1 -1.4
AADR AdvisorShares Dorsey Wright ADR ETF 0.3 110 -30 5.1 -0.5
BUG Global X Cybersecurity ETF 0.3 51 29 2.2 -3.4
CIBR First Trust NASDAQ Cybersecurity ETF 0.3 60 20 3.8 -1.7
EIS iShares MSCI Israel ETF 0.3 58 22 7.4 +1.9
FITE SPDR S&P Kensho Future Security ETF 0.3 45 35 2.2 -3.4
HACK ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund 0.3 60 20 2.7 -2.8
IHAK iShares Cybersecurity & Tech ETF 0.3 47 33 3.6 -2.0
ISRA VanEck Israel ETF 0.3 59 21 6.9 +1.3
ITEQ BlueStar Israel Technology ETF 0.3 75 5 1.8 -3.7
IZRL ARK Israel Innovative Technology ETF 0.3 49 31 2.0 -3.5
JOET Virtus Terranova US Quality Momentum ETF 0.3 29 51 4.7 -0.8
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.3 12 68 5.7 +0.2
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 55 5.5 -0.0
QLV FlexShares US Quality Low Volatility Index Fund 0.3 22 58 5.7 +0.2
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.3 20 60 4.7 -0.8
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.3 15 65 4.5 -1.0
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.3 40 40 3.5 -2.0
TMAT Main Thematic Innovation ETF 0.3 164 -84 -1.4 -6.9
WCBR WisdomTree Cybersecurity Fund 0.3 45 35 1.7 -3.8
XITK SPDR FactSet Innovative Technology ETF 0.3 45 35 -0.3 -5.9
TRFK Pacer Data and Digital Revolution ETF 0.3 60 20 3.1 -2.4
PRAY FIS Christian Stock Fund 0.3 69 11 5.0 -0.5
SPAM Themes Cybersecurity ETF 0.3 35 45 2.0 -3.6
RJMG FT Raymond James Multicap Growth Equity ETF 0.3 85 -5 2.2 -3.3
THRO iShares U.S. Thematic Rotation Active ETF 0.3 90 -10 4.0 -1.5
LST Leuthold Select Industries ETF 0.3 91 -11 5.5 -0.1
APIE ActivePassive International Equity ETF 0.3 45 35 7.5 +1.9
QQQ Invesco QQQ Trust Series I 0.2 20 60 4.1 -1.5
QQQM Invesco NASDAQ 100 ETF 0.2 15 65 4.1 -1.4
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.2 49 31 4.2 -1.3
AVDV Avantis International Small Cap Value ETF 0.2 36 44 10.0 +4.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 59 3.8 -1.8
IBLC iShares Blockchain and Tech ETF 0.2 47 33 -3.5 -9.1
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 31 16.0 +10.4
IXN iShares Global Tech ETF 0.2 41 39 3.8 -1.7
FDVV Fidelity High Dividend ETF 0.2 15 65 7.8 +2.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 44 9.9 +4.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 65 10.4 +4.9
KOMP SPDR S&P Kensho New Economies Composite ETF 0.2 20 60 2.7 -2.8
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 69 10.2 +4.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 21 11.8 +6.2
RVRB Reverb ETF 0.1 30 50 4.6 -0.9
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 48 5.0 -0.6
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 45 5.2 -0.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 47 10.1 +4.6
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 41 6.8 +1.3
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 71 4.8 -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:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.3 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.66 CATEGORY
AVERAGE		 1.62
 
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.