First Trust Horizon Managed Volatility Developed Intl ETF
ALTAR
Score™		 5.4% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 13.7x P/Sales
ratio		 1.1x
P/BV
ratio		 1.6x 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 158
Wgt avg mkt cap (mns) $41,107
Large cap (>$10bn) 79.4%
Mid cap ($2-10bn) 20.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
UNITED OVERSEAS BANK LTD 2.2 %
SWISSCOM AG 2.1 %
OVERSEA-CHINESE BANKING CORP 2.0 %
ORANGE SA 2.0 %
SINGAPORE EXCHANGE LTD 2.0 %
UNILEVER PLC 2.0 %
ROYAL KPN NV 1.9 %
DANONE 1.9 %
DBS GROUP HOLDINGS LTD 1.7 %
LONDON STOCK EXCHANGE GROUP 1.5 %
Total 19.1 %

TOP COUNTRY EXPOSURE
JAPAN 21.3 %
BRITAIN 10.8 %
SINGAPORE 10.3 %
SWITZERLAND 9.7 %
FRANCE 9.4 %
GERMANY 7.7 %
AUSTRALIA 7.7 %
NETHERLANDS 5.7 %
ITALY 3.2 %
HONG KONG 3.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
1.9% 6.9% 0.6% -- 2.9%

Market Correlations
versus... Beta R-squared
S&P500 0.54 56%
MSCI EAFE 0.69 84%
MSCI Emg. Mkts. 0.58 64%

Technical Indicators
Recent close $28.45
30d moving avg. $27.71
Annualized volatility 12.8%
Short interest (ETF) 0.2%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.3%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $9,570

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 395 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™: 5.4%


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 48.7 25 55 5.8 +0.5
EFAV iShares MSCI EAFE Min Vol Factor ETF 44.2 22 58 6.2 +0.8
DWMF WisdomTree International Multifactor Fund 38.8 38 42 7.3 +1.9
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 32.0 32 48 6.7 +1.3
DOL WisdomTree International LargeCap Dividend Fund 29.7 48 32 7.7 +2.4
QEFA SPDR MSCI EAFE StrategicFactors ETF 29.1 30 50 6.8 +1.5
CIL VictoryShares International Volatility Wtd ETF 27.0 45 35 6.9 +1.5
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 26.9 51 29 6.8 +1.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 26.5 9 71 9.8 +4.4
DWM WisdomTree International Equity Fund 26.1 48 32 7.8 +2.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 26.0 40 40 7.8 +2.5
DIVI Franklin International Core Dividend Tilt Index ETF 24.9 9 71 8.0 +2.7
EFV iShares MSCI EAFE Value ETF 24.4 34 46 9.1 +3.7
TPIF Timothy Plan International ETF 24.0 62 18 6.7 +1.3
JHMD John Hancock Multifactor Developed International ETF 23.6 39 41 7.4 +2.0
DTH WisdomTree International High Dividend Fund 23.5 58 22 10.1 +4.8
CID VictoryShares International High Div Volatility Wtd ETF 23.2 45 35 9.5 +4.1
LVHI Franklin International Low Volatility High Dividend Index ET 23.2 40 40 10.2 +4.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 23.2 20 60 6.3 +0.9
VWID Virtus WMC International Dividend ETF 22.8 49 31 9.4 +4.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 22.7 36 44 6.4 +1.0
EFA iShares MSCI EAFE ETF 22.7 35 45 6.4 +1.0
IQSI IQ Candriam International Equity ETF 22.6 15 65 6.4 +1.0
CEFA Global X S&P Catholic Values Developed ex-US ETF 22.6 35 45 6.4 +1.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 22.5 25 55 7.4 +2.0
GSID Goldman Sachs MarketBeta International Equity ETF 22.5 20 60 6.7 +1.3
ESGD iShares ESG Aware MSCI EAFE ETF 22.5 20 60 6.3 +1.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 22.2 29 51 8.8 +3.4
FDEV Fidelity International Multifactor ETF 22.0 18 62 7.5 +2.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 21.9 25 55 7.4 +2.1
IQIN IQ 500 International ETF 21.9 25 55 8.8 +3.4
BBEU JPMorgan BetaBuilders Europe ETF 21.8 9 71 6.7 +1.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 21.5 46 34 6.3 +0.9
HFXI IQ FTSE International Equity Currency Neutral ETF 21.5 20 60 6.8 +1.4
FLEE Franklin FTSE Europe ETF 21.2 9 71 6.8 +1.5
JPIN J.P. Morgan Diversified Return International Equity ETF 21.2 37 43 8.7 +3.3
IEV iShares Europe ETF 20.9 67 13 6.1 +0.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 20.9 20 60 10.7 +5.3
BKIE BNY Mellon International Equity ETF 20.4 4 76 6.9 +1.5
DWX SPDR S&P International Dividend ETF 20.4 45 35 7.1 +1.7
JIRE JPMorgan International Research Enhanced Equity ETF 20.1 24 56 6.7 +1.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 20.1 39 41 7.6 +2.3
IEFA iShares Core MSCI EAFE ETF 19.9 7 73 2.7 -2.7
VYMI Vanguard International High Dividend Yield ETF 19.7 22 58 9.7 +4.3
IQLT iShares MSCI Intl Quality Factor ETF 19.7 30 50 5.7 +0.4
DMXF iShares ESG Advanced MSCI EAFE ETF 19.2 12 68 5.4 +0.0
AIVI WisdomTree International AI Enhanced Value Fund 19.1 58 22 8.0 +2.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 19.1 45 35 8.5 +3.1
IEUR iShares Core MSCI Europe ETF 19.1 11 69 -1.3 -6.7
SPEU SPDR Portfolio Europe ETF 18.9 7 73 6.6 +1.2
VGK Vanguard FTSE Europe ETF 18.8 11 69 6.8 +1.4
FNDF Schwab Fundamental International Large Co. Index ETF 18.5 25 55 9.1 +3.7
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 18.5 25 55 6.1 +0.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 18.0 14 66 6.2 +0.8
IDEV iShares Core MSCI International Developed Markets ETF 18.0 4 76 6.7 +1.3
FLEU Franklin FTSE Eurozone ETF 17.7 9 71 6.7 +1.3
SCHF Schwab International Equity ETF 17.4 6 74 7.0 +1.6
UIVM VictoryShares International Value Momentum ETF 17.2 35 45 10.7 +5.3
SPDW SPDR Portfolio Developed World ex-US ETF 17.2 3 77 6.9 +1.5
EZU iShares MSCI Eurozone ETF 17.1 52 28 6.2 +0.8
RFDI First Trust Riverfront Dynamic Developed International ETF 17.1 83 -3 9.0 +3.6
VEA Vanguard FTSE Developed Markets ETF 17.0 5 75 7.0 +1.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 16.8 45 35 6.2 +0.9
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 16.8 20 60 6.9 +1.5
DFAI Dimensional International Core Equity Market ETF 16.8 18 62 6.9 +1.5
EPP iShares MSCI Pacific ex-Japan ETF 16.8 47 33 5.4 -0.0
IVLU iShares MSCI Intl Value Factor ETF 16.7 30 50 10.6 +5.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 16.6 24 56 8.6 +3.2
ISZE iShares MSCI Intl Size Factor ETF 16.4 30 50 6.6 +1.2
NUDM Nuveen ESG International Developed Markets Equity ETF 16.4 31 49 6.4 +1.1
RFEU First Trust Riverfront Dynamic Europe ETF 16.1 83 -3 8.7 +3.4
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 16.1 19 61 5.8 +0.5
CWI SPDR MSCI ACWI ex-US ETF 15.8 30 50 6.8 +1.4
INTF iShares International Equity Factor ETF 15.7 15 65 7.8 +2.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 15.6 41 39 6.7 +1.3
ACWX iShares MSCI ACWI ex U.S. ETF 15.5 34 46 6.7 +1.3
WWJD Inspire International ETF 15.4 80 0 7.1 +1.8
IPAC iShares Core MSCI Pacific ETF 15.4 9 71 6.7 +1.3
SCHY Schwab International Dividend Equity ETF 15.3 14 66 9.3 +3.9
FICS First Trust International Developed Capital Strength ETF 15.0 70 10 6.1 +0.7
IMTM iShares MSCI Intl Momentum Factor ETF 14.6 30 50 6.8 +1.5
EFG iShares MSCI EAFE Growth ETF 14.5 36 44 4.1 -1.3
VEU Vanguard FTSE All-World ex-US Index Fund 14.3 8 72 7.2 +1.8
DFIV Dimensional International Value ETF 14.3 27 53 9.8 +4.4
IQDE FlexShares International Quality Dividend Defensive Index ET 14.3 47 33 10.7 +5.3
AVDE Avantis International Equity ETF 14.1 23 57 7.9 +2.5
VSGX Vanguard ESG International Stock ETF 13.7 12 68 6.8 +1.5
JHID John Hancock International High Dividend ETF 13.7 46 34 11.5 +6.1
IXUS iShares Core MSCI Total International Stock ETF 13.4 7 73 6.9 +1.5
EWJV iShares MSCI Japan Value ETF 13.4 15 65 9.0 +3.6
OEUR ALPS O'Shares Europe Quality Dividend ETF 13.4 48 32 5.7 +0.4
VPL Vanguard FTSE Pacific ETF 13.3 8 72 7.0 +1.6
DIHP Dimensional International High Profitability ETF 13.1 29 51 6.9 +1.5
VXUS Vanguard Total International Stock ETF 13.1 7 73 7.1 +1.8
IDHQ Invesco S&P International Developed High Quality ETF 13.0 29 51 5.8 +0.4
RODE Hartford Multifactor Diversified International ETF 13.0 29 51 11.5 +6.2
FIVA Fidelity International Value Factor ETF 12.9 18 62 9.3 +3.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 12.8 39 41 7.3 +2.0
EWJ iShares MSCI Japan ETF 12.5 50 30 6.7 +1.3
DFIC Dimensional International Core Equity 2 ETF 12.5 23 57 7.4 +2.1
DFSI Dimensional International Sustainability Core 1 ETF 12.5 24 56 6.2 +0.9
ACWV iShares MSCI Global Min Vol Factor ETF 12.5 20 60 6.7 +1.3
FIDI Fidelity International High Dividend ETF 12.3 18 62 10.1 +4.8
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 12.3 25 55 7.7 +2.4
BBJP JPMorgan BetaBuilders Japan ETF 12.3 19 61 7.1 +1.8
DBJP Xtrackers MSCI Japan Hedged Equity ETF 12.1 47 33 6.6 +1.2
AVIV Avantis International Large Cap Value ETF 12.0 25 55 8.9 +3.5
KXI iShares Global Consumer Staples ETF 11.9 41 39 5.6 +0.2
IGRO iShares International Dividend Growth ETF 11.8 15 65 7.1 +1.7
IDMO Invesco S&P International Developed Momentum ETF 11.6 25 55 7.0 +1.6
EUFN iShares MSCI Europe Financials ETF 11.6 51 29 8.1 +2.8
EUDG WisdomTree Europe Quality Dividend Growth Fund 11.5 58 22 6.0 +0.6
EFAD ProShares MSCI EAFE Dividend Growers ETF 11.5 50 30 5.1 -0.3
FEZ SPDR EURO STOXX 50 ETF 11.4 29 51 6.2 +0.8
DIM WisdomTree International MidCap Dividend Fund 11.3 58 22 7.7 +2.3
HEDJ WisdomTree Europe Hedged Equity Fund 11.3 58 22 8.4 +3.0
FLJP Franklin FTSE Japan ETF 11.2 9 71 7.1 +1.8
FLJH Franklin FTSE Japan Hedged ETF 11.1 9 71 6.9 +1.6
IDOG ALPS International Sector Dividend Dogs ETF 10.9 50 30 11.6 +6.2
FID First Trust S&P International Dividend Aristocrats ETF 10.9 60 20 9.8 +4.5
DVYA iShares Asia/Pacific Dividend ETF 10.8 49 31 9.1 +3.8
EFAS Global X MSCI SuperDividend EAFE ETF 10.8 57 23 9.7 +4.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 10.7 65 15 8.4 +3.0
QWLD SPDR MSCI World StrategicFactors ETF 10.5 30 50 6.1 +0.7
EWS iShares MSCI Singapore ETF 10.3 50 30 4.0 -1.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 10.3 47 33 5.9 +0.6
DGT SPDR Global Dow ETF 10.2 50 30 6.7 +1.3
JPXN iShares JPX-Nikkei 400 ETF 10.0 48 32 7.5 +2.1
WDIV SPDR S&P Global Dividend ETF 9.8 40 40 10.2 +4.9
FLGB Franklin FTSE United Kingdom ETF 9.6 9 71 8.3 +2.9
UMMA Wahed Dow Jones Islamic World ETF 9.5 65 15 4.3 -1.1
IXG iShares Global Financials ETF 9.4 42 38 6.8 +1.5
IDV iShares International Select Dividend ETF 9.3 51 29 12.3 +7.0
VIGI Vanguard International Dividend Appreciation ETF 9.3 15 65 5.6 +0.2
QINT American Century Quality Diversified International ETF 9.1 39 41 7.4 +2.0
GCOW Pacer Global Cash Cows Dividend ETF 9.1 60 20 13.6 +8.3
MOTG VanEck Morningstar Global Wide Moat ETF 9.0 52 28 5.8 +0.4
EWU iShares MSCI United Kingdom ETF 8.9 50 30 7.8 +2.5
VIDI Vident International Equity Strategy ETF 8.7 61 19 11.9 +6.5
IQDF FlexShares International Quality Dividend Index Fund 8.7 47 33 10.7 +5.3
DSTX Distillate International Fundamental Stability & Value ETF 8.7 55 25 8.0 +2.7
DEW WisdomTree Global High Dividend Fund 8.7 58 22 9.1 +3.7
EWQ iShares MSCI France ETF 8.3 53 27 5.4 +0.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 8.3 30 50 7.8 +2.4
FLGR Franklin FTSE Germany ETF 8.2 9 71 7.1 +1.7
BLES Inspire Global Hope ETF 8.0 61 19 6.3 +0.9
NXTG First Trust Indxx NextG ETF 7.9 70 10 6.0 +0.6
DAX Global X DAX Germany ETF 7.9 21 59 6.9 +1.6
ESGN Columbia International ESG Equity Income ETF 7.9 45 35 9.0 +3.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 7.8 56 24 13.9 +8.5
TTAI FCF International Quality ETF 7.8 59 21 7.4 +2.0
EWG iShares MSCI Germany ETF 7.7 50 30 6.5 +1.1
FEUZ First Trust Eurozone AlphaDEX ETF 7.7 80 0 8.3 +2.9
DBGR Xtrackers MSCI Germany Hedged Equity ETF 7.7 45 35 6.4 +1.0
EWL iShares MSCI Switzerland ETF 7.7 50 30 4.1 -1.3
EUDV ProShares MSCI Europe Dividend Growers ETF 7.7 55 25 5.0 -0.4
IQDG WisdomTree International Quality Dividend Growth Fund 7.5 42 38 5.8 +0.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 7.4 58 22 5.6 +0.2
FLSW Franklin FTSE Switzerland ETF 7.4 9 71 5.1 -0.3
ESGG FlexShares STOXX Global ESG Select Index Fund 7.2 42 38 5.1 -0.3
FEP First Trust Europe AlphaDEX Fund 7.2 80 0 8.6 +3.3
FSZ First Trust Switzerland AlphaDEX Fund 7.1 80 0 4.1 -1.2
DMDV AAM S&P Developed Markets High Dividend Value ETF 7.1 39 41 12.7 +7.3
ASEA Global X FTSE Southeast Asia ETF 7.0 65 15 6.5 +1.1
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 7.0 80 0 5.6 +0.3
EWA iShares MSCI Australia ETF 7.0 50 30 5.3 -0.1
JIG JPMorgan International Growth ETF 6.9 55 25 4.3 -1.1
FLAU Franklin FTSE Australia ETF 6.8 9 71 5.8 +0.5
IXP iShares Global Comm Services ETF 6.7 42 38 5.3 -0.1
GVAL Cambria Global Value ETF 6.5 68 12 12.3 +7.0
URTH iShares MSCI World ETF 6.4 24 56 5.4 +0.0
DXJ WisdomTree Japan Hedged Equity Fund 6.4 48 32 7.7 +2.4
JSTC Adasina Social Justice All Cap Global ETF 6.4 89 -9 4.8 -0.6
GLIF AGF Global Infrastructure ETF 6.3 45 35 5.5 +0.1
DIVS SmartETFs Dividend Builder ETF 6.2 65 15 4.7 -0.7
GDVD R3 Global Dividend Growth ETF 6.1 88 -8 5.8 +0.4
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 6.1 80 0 10.0 +4.6
WLDR Affinity World Leaders Equity ETF 6.1 67 13 8.5 +3.1
KOKU Xtrackers MSCI Kokusai Equity ETF 6.0 9 71 5.5 +0.1
TOK iShares MSCI Kokusai ETF 5.9 26 54 5.3 -0.1
FDD First Trust Stoxx European Select Dividend Index Fund 5.8 58 22 12.9 +7.6
ACWI iShares MSCI ACWI ETF 5.7 32 48 5.5 +0.1
KLDW Knowledge Leaders Developed World ETF 5.6 75 5 4.9 -0.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 5.5 80 0 10.8 +5.4
EXI iShares Global Industrials ETF 5.5 42 38 4.7 -0.7
IOO iShares Global 100 ETF 5.4 41 39 4.8 -0.6
ICOW Pacer Developed Markets International Cash Cows 100 ETF 5.3 65 15 12.8 +7.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.2 20 60 5.6 +0.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 5.2 12 68 5.1 -0.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 5.2 9 71 5.7 +0.4
FYLD Cambria Foreign Shareholder Yield ETF 5.2 59 21 12.0 +6.6
AIA iShares Asia 50 ETF 5.1 50 30 6.9 +1.5
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 5.0 46 34 5.6 +0.2
VT Vanguard Total World Stock ETF 4.9 7 73 5.8 +0.5
MOTI VanEck Morningstar International Moat ETF 4.8 58 22 6.9 +1.6
EWN iShares MSCI Netherlands ETF 4.8 50 30 4.7 -0.7
BCDF Horizon Kinetics Blockchain Development ETF 4.6 85 -5 -0.7 -6.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.6 47 33 10.3 +4.9
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 4.6 45 35 6.2 +0.9
IVAL Alpha Architect International Quantitative Value ETF 4.5 49 31 5.8 +0.4
FKU First Trust United Kingdom AlphaDEX Fund 4.5 80 0 7.5 +2.1
JXI iShares Global Utilities ETF 4.5 43 37 6.7 +1.3
KNCT Invesco Next Gen Connectivity ETF 4.5 40 40 5.9 +0.5
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 4.4 68 12 8.8 +3.4
RAYD Rayliant Quantitative Developed Market Equity ETF 4.3 80 0 4.5 -0.9
BLLD JPMorgan Sustainable Infrastructure ETF 4.2 49 31 6.2 +0.8
GLOF iShares Global Equity Factor ETF 4.2 20 60 7.1 +1.7
WRND IQ Global Equity R&D Leaders ETF 4.0 18 62 7.2 +1.8
KOIN Capital Link Global Fintech Leaders ETF 3.9 75 5 4.6 -0.8
BKCI BNY Mellon Concentrated International ETF 3.9 80 0 5.2 -0.1
GII SPDR S&P Global Infrastructure ETF 3.9 40 40 5.0 -0.4
IGF iShares Global Infrastructure ETF 3.9 41 39 5.0 -0.4
NTZG Nuveen Global Net Zero Transition ETF 3.8 56 24 4.9 -0.5
INFL Horizon Kinetics Inflation Beneficiaries ETF 3.7 85 -5 4.9 -0.5
IQRA IQ CBRE Real Assets ETF 3.6 65 15 5.9 +0.5
IMFL Invesco International Developed Dynamic Multifactor ETF 3.6 34 46 10.6 +5.3
FGM First Trust Germany AlphaDEX Fund 3.5 80 0 9.2 +3.9
FJP First Trust Japan AlphaDEX Fund 3.5 80 0 10.1 +4.8
KOCG FIS Knights of Columbus Global Belief ETF 3.4 75 5 5.3 -0.1
OSEA Harbor International Compounders ETF 3.4 55 25 3.7 -1.7
CLNR IQ Cleaner Transport ETF 3.4 45 35 8.3 +2.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 3.2 70 10 6.3 +0.9
EWI iShares MSCI Italy ETF 3.2 50 30 8.2 +2.8
CGGO Capital Group Global Growth Equity ETF 3.1 47 33 4.3 -1.1
EWH iShares MSCI Hong Kong ETF 3.1 50 30 7.0 +1.6
FLHK Franklin FTSE Hong Kong ETF 3.1 9 71 7.4 +2.0
SDG iShares MSCI Global Sustainable Development Goals ETF 3.0 49 31 5.8 +0.4
FLAX Franklin FTSE Asia Ex Japan ETF 3.0 19 61 7.2 +1.8
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 3.0 58 22 4.6 -0.8
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.9 70 10 4.6 -0.8
OBOR KraneShares MSCI One Belt One Road Index ETF 2.9 79 1 10.3 +5.0
IXJ iShares Global Healthcare ETF 2.8 42 38 6.1 +0.7
RXI iShares Global Consumer Discretionary ETF 2.8 41 39 5.5 +0.2
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 2.6 75 5 4.9 -0.5
AGQI First Trust Active Global Quality Income ETF 2.5 85 -5 5.8 +0.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 2.5 42 38 6.8 +1.4
WPS iShares International Developed Property ETF 2.5 48 32 7.2 +1.9
IPKW Invesco International BuyBack Achievers ETF 2.4 55 25 9.1 +3.7
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 2.4 68 12 5.3 -0.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 2.3 12 68 8.7 +3.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.2 78 2 8.8 +3.5
SAGP Strategas Global Policy Opportunities ETF 2.2 65 15 4.5 -0.9
FPAG FPA Global Equity ETF 2.2 49 31 5.7 +0.3
QTUM Defiance Quantum ETF 2.1 40 40 3.9 -1.5
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 2.1 10 70 8.2 +2.8
KROP Global X AgTech & Food Innovation ETF 2.0 50 30 4.7 -0.7
BITQ Bitwise Crypto Industry Innovators ETF 2.0 85 -5 -4.7 -10.1
EWP iShares MSCI Spain ETF 1.9 50 30 8.5 +3.1
IVEG iShares Emergent Food and AgTech Multisector ETF 1.9 47 33 8.3 +2.9
FNDC Schwab Fundamental International Small Co. Index ETF 1.9 39 41 6.9 +1.5
DISV Dimensional International Small Cap Value ETF 1.9 42 38 9.2 +3.9
EWD iShares MSCI Sweden ETF 1.9 54 26 6.0 +0.6
IFGL iShares International Developed Real Estate ETF 1.8 48 32 7.0 +1.6
DWLD Davis Select Worldwide ETF 1.7 63 17 5.6 +0.3
DFNL Davis Select Financial ETF 1.7 63 17 6.8 +1.5
DINT Davis Select International ETF 1.7 55 25 4.7 -0.7
FAN First Trust Global Wind Energy ETF 1.7 60 20 5.5 +0.1
SXUS Janus Henderson International Sustainable Equity ETF 1.6 60 20 4.6 -0.8
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.6 45 35 4.9 -0.5
CGXU Capital Group International Focus Equity ETF 1.6 54 26 4.1 -1.2
CGV Conductor Global Equity Value ETF 1.6 130 -50 11.3 +6.0
MXI iShares Global Materials ETF 1.6 41 39 6.6 +1.3
IDNA iShares Genomics Immunology and Healthcare ETF 1.6 47 33 -5.2 -10.5
WDNA WisdomTree BioRevolution Fund 1.6 45 35 -4.5 -9.9
FPXI First Trust International Equity Opportunities ETF 1.4 70 10 3.6 -1.7
TEMP JPMorgan Climate Change Solutions ETF 1.4 49 31 4.7 -0.7
ANEW ProShares MSCI Transformational Changes ETF 1.4 45 35 3.3 -2.0
TOLL Tema Monopolies and Oligopolies ETF 1.4 75 5 2.6 -2.8
BLOK Amplify Transformational Data Sharing ETF 1.4 75 5 1.1 -4.2
RWX SPDR Dow Jones International Real Estate ETF 1.3 59 21 7.2 +1.8
ENZL iShares MSCI New Zealand ETF 1.3 50 30 2.6 -2.8
DTEC ALPS Disruptive Technologies ETF 1.3 50 30 3.3 -2.1
EWK iShares MSCI Belgium ETF 1.3 50 30 7.6 +2.3
RSHO Tema American Reshoring ETF 1.2 75 5 3.6 -1.7
OCEN IQ Clean Oceans ETF 1.2 45 35 5.3 -0.1
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 1.2 55 25 3.6 -1.7
SUPL ProShares Supply Chain Logistics ETF 1.1 58 22 13.1 +7.7
HAP VanEck Natural Resources ETF 1.1 50 30 9.5 +4.1
GINN Goldman Sachs Innovate Equity ETF 1.1 52 28 2.7 -2.7
EDEN iShares MSCI Denmark ETF 1.1 53 27 6.2 +0.8
GNR SPDR S&P Global Natural Resources ETF 1.1 40 40 9.2 +3.8
CGUS Capital Group Core Equity ETF 1.1 33 47 4.7 -0.7
JRNY ALPS Global Travel Beneficiaries ETF 1.0 65 15 0.0 -5.4
CRUZ Defiance Hotel Airline and Cruise ETF 1.0 45 35 -4.9 -10.3
JETS U.S. Global Jets ETF 1.0 60 20 -15.6 -21.0
PAWZ ProShares Pet Care ETF 1.0 50 30 4.0 -1.4
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.0 61 19 -4.0 -9.4
ERET iShares Environmentally Aware Real Estate ETF 1.0 30 50 7.3 +1.9
DFIS Dimensional International Small Cap ETF 1.0 39 41 6.7 +1.3
NORW Global X MSCI Norway ETF 0.9 50 30 7.5 +2.1
ENOR iShares MSCI Norway ETF 0.9 53 27 7.6 +2.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.9 49 31 6.7 +1.3
FDRR Fidelity Dividend ETF for Rising Rates 0.9 15 65 7.9 +2.6
RWO SPDR Dow Jones Global Real Estate ETF 0.9 50 30 6.9 +1.6
XT iShares Exponential Technologies ETF 0.9 46 34 3.9 -1.5
LUX Tema Luxury ETF 0.9 75 5 3.3 -2.1
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 0.8 75 5 7.8 +2.4
GSFP Goldman Sachs Future Planet Equity ETF 0.8 75 5 4.5 -0.8
SMOG VanEck Low Carbon Energy ETF 0.8 61 19 3.0 -2.3
CANC Tema Oncology ETF 0.8 75 5 -4.4 -9.8
HART IQ Healthy Hearts ETF 0.8 45 35 5.3 -0.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.7 35 45 4.8 -0.6
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.7 58 22 4.8 -0.6
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 0.7 60 20 5.6 +0.2
IWTR iShares MSCI Water Management Multisector ETF 0.7 47 33 4.8 -0.5
FBCV Fidelity Blue Chip Value ETF 0.7 59 21 7.1 +1.7
GQRE FlexShares Global Quality Real Estate Index Fund 0.7 45 35 6.9 +1.5
BTHM BlackRock Future U.S. Themes ETF 0.7 60 20 4.3 -1.1
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.7 20 60 5.4 +0.1
SPAM Themes Cybersecurity ETF 0.7 35 45 2.0 -3.4
XITK SPDR FactSet Innovative Technology ETF 0.7 45 35 2.7 -2.7
JOET Virtus Terranova US Quality Momentum ETF 0.7 29 51 5.2 -0.2
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.7 15 65 4.7 -0.6
CLOD Themes Cloud Computing ETF 0.7 35 45 3.7 -1.7
IZRL ARK Israel Innovative Technology ETF 0.7 49 31 1.5 -3.9
HACK ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund 0.7 60 20 3.8 -1.6
EIS iShares MSCI Israel ETF 0.7 58 22 9.5 +4.1
CIBR First Trust NASDAQ Cybersecurity ETF 0.7 60 20 3.9 -1.5
ITEQ BlueStar Israel Technology ETF BlueStar Israel Technology Fu 0.7 75 5 1.6 -3.8
QLV FlexShares US Quality Low Volatility Index Fund 0.7 22 58 5.2 -0.2
IHAK iShares Cybersecurity & Tech ETF 0.7 47 33 3.2 -2.2
ISRA VanEck Israel ETF 0.7 59 21 8.9 +3.5
MVPS Amplify Thematic All-Stars ETF 0.7 49 31 1.7 -3.7
QQQN VictoryShares Nasdaq Next 50 ETF 0.7 18 62 4.5 -0.8
FITE SPDR S&P Kensho Future Security ETF 0.7 45 35 3.0 -2.4
BUG Global X Cybersecurity ETF 0.7 51 29 2.4 -3.0
TRFK Pacer Data and Digital Revolution ETF 0.7 60 20 4.0 -1.3
CZA Invesco Zacks Mid-Cap ETF 0.7 72 8 6.3 +1.0
PRAY FIS Christian Stock Fund 0.7 69 11 5.9 +0.5
WCBR WisdomTree Cybersecurity Fund 0.7 45 35 1.9 -3.5
FIXT Procure Disaster Recovery Strategy ETF 0.7 75 5 5.7 +0.3
BNE Blue Horizon BNE ETF 0.6 87 -7 5.0 -0.4
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.6 12 68 5.5 +0.1
ISCF iShares International SmallCap Equity Factor ETF 0.6 23 57 8.8 +3.4
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.6 68 12 1.1 -4.2
SANE Subversive Mental Health ETF 0.6 75 5 0.0 -5.4
BECO BlackRock Future Climate and Sustainable Economy ETF 0.6 70 10 13.7 +8.4
FTAG First Trust Indxx Global Agriculture ETF 0.6 70 10 9.1 +3.8
MOO VanEck Agribusiness ETF 0.6 53 27 9.4 +4.0
VEGI iShares MSCI Agriculture Producers ETF 0.6 39 41 9.2 +3.9
AIQ Global X Artificial Intelligence & Technology ETF 0.6 68 12 4.2 -1.2
BTEK Future Tech ETF 0.6 88 -8 2.1 -3.3
SEA U.S. Global Sea to Sky Cargo ETF 0.5 60 20 24.1 +18.7
TINY ProShares Nanotechnology ETF 0.5 58 22 1.9 -3.5
IXN iShares Global Tech ETF 0.5 41 39 4.3 -1.0
RNEM First Trust Emerging Markets Equity Select ETF 0.5 75 5 8.2 +2.9
NETZ TCW Transform Systems ETF 0.5 75 5 3.4 -2.0
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.5 79 1 5.1 -0.2
VCLN Virtus Duff & Phelps Clean Energy ETF 0.5 59 21 3.5 -1.9
FDVV Fidelity High Dividend ETF 0.5 15 65 8.9 +3.6
QLC FlexShares US Quality Large Cap Index Fund 0.5 25 55 5.6 +0.2
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.5 56 24 1.7 -3.7
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.5 46 34 8.8 +3.4
FILL iShares MSCI Global Energy Producers ETF 0.5 39 41 9.0 +3.6
IXC iShares Global Energy ETF 0.5 44 36 8.2 +2.8
SDIV Global X Superdividend ETF 0.5 58 22 17.6 +12.3
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.5 58 22 9.1 +3.7
HJEN Direxion Hydrogen ETF 0.5 45 35 -3.2 -8.6
HDRO Defiance Next Gen H2 ETF 0.5 30 50 -11.1 -16.5
PBD Invesco Global Clean Energy ETF 0.4 75 5 -3.9 -9.3
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 0.4 47 33 0.7 -4.7
WTRE WisdomTree New Economy Real Estate Fund 0.4 58 22 5.0 -0.3
IDAT iShares Future Cloud 5G and Tech ETF 0.4 47 33 4.5 -0.8
SRVR Pacer Data & Infrastructure Real Estate ETF 0.4 55 25 2.9 -2.5
CARZ First Trust NASDAQ Global Auto Index Fund 0.4 70 10 3.5 -1.9
LUXX Roundhill S&P Global Luxury ETF 0.4 45 35 2.7 -2.7
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.4 72 8 2.2 -3.2
MOTO SmartETFs Smart Transportation & Technology ETF 0.4 68 12 6.6 +1.2
IBLC iShares Blockchain and Tech ETF 0.4 47 33 -1.0 -6.3
OGIG ALPS O'Shares Global Internet Giants ETF 0.4 48 32 0.5 -4.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.3 50 30 10.5 +5.2
IVES Wedbush ETFMG Global Cloud Technology ETF 0.3 68 12 1.4 -4.0
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 60 4.7 -0.7
SYNB Putnam BioRevolution ETF 0.3 70 10 2.9 -2.5
EIRL iShares MSCI Ireland ETF 0.3 50 30 5.8 +0.4
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 18 3.7 -1.7
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 55 8.7 +3.3
KOMP SPDR S&P Kensho New Economies Composite ETF 0.3 20 60 2.1 -3.3
FMIL Fidelity New Millennium ETF 0.3 59 21 4.3 -1.1
QQQM Invesco NASDAQ 100 ETF 0.2 15 65 4.7 -0.7
QQQ Invesco QQQ Trust Series I 0.2 20 60 4.6 -0.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 59 3.9 -1.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 65 7.1 +1.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 44 7.5 +2.1
PRNT 3D Printing ETF 0.1 66 14 -4.1 -9.4
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 69 7.7 +2.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 21 9.6 +4.2
RVRB Reverb ETF 0.1 30 50 5.0 -0.4
VYM Vanguard High Dividend Yield Index ETF 0.1 6 74 7.3 +2.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 5 4.7 -0.7
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 55 7.1 +1.7
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 48 5.2 -0.2
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 71 5.1 -0.3
FNDB Schwab Fundamental US Broad Market Index ETF 0.1 25 55 7.1 +1.7
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 41 7.3 +1.9

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 9.7 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.61 CATEGORY
AVERAGE		 1.51
 
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.