First Trust Horizon Managed Volatility Developed Intl ETF
ALTAR
Score™		 5.5% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 15.1x 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) $30
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
SWISS PRIME SITE-REG 2.1 %
ROYAL KPN NV 2.0 %
SWISSCOM AG 2.0 %
ZURICH FINANCIAL SERVICES AG 1.8 %
SWISS LIFE HOLDING AG-REG 1.7 %
GDF SUEZ 1.5 %
DANONE 1.4 %
CLP HOLDINGS LTD 1.4 %
TELSTRA CORPORATION LIMITED 1.3 %
COMPASS GROUP PLC 1.3 %
Total 16.6 %

TOP COUNTRY EXPOSURE
SWITZERLAND 14.6 %
BRITAIN 10.4 %
FRANCE 10.0 %
JAPAN 9.4 %
SINGAPORE 8.0 %
NETHERLANDS 7.4 %
GERMANY 7.0 %
AUSTRALIA 6.5 %
SPAIN 6.0 %
ITALY 5.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
20.0% 24.7% 8.1% -- 4.6%

Market Correlations
versus... Beta R-squared
S&P500 0.51 35%
MSCI EAFE 0.69 67%
MSCI Emg. Mkts. 0.63 56%

Technical Indicators
Recent close $34.77
30d moving avg. $33.23
Annualized volatility 14.3%
Short interest (ETF) 1.0%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 10
Turnover 1.2%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $6,540

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 438 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 51.1 25 55 6.6 +1.1
EFAV iShares MSCI EAFE Min Vol Factor ETF 43.9 22 58 5.8 +0.3
DWMF WisdomTree International Multifactor Fund 37.9 38 42 7.0 +1.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 32.5 32 48 6.0 +0.4
QEFA SPDR MSCI EAFE StrategicFactors ETF 31.7 30 50 7.1 +1.6
DOL WisdomTree International LargeCap Dividend Fund 29.3 48 32 7.5 +1.9
CIL VictoryShares International Volatility Wtd ETF 27.9 45 35 6.8 +1.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 26.6 25 55 7.4 +1.8
EFV iShares MSCI EAFE Value ETF 26.2 34 46 9.4 +3.9
TPIF Timothy Plan International ETF 26.0 62 18 6.4 +0.9
DWX SPDR S&P International Dividend ETF 25.6 45 35 6.2 +0.7
DWM WisdomTree International Equity Fund 25.3 48 32 7.7 +2.2
IEV iShares Europe ETF 25.3 67 13 6.9 +1.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 25.2 40 40 7.7 +2.2
DIVI Franklin International Core Dividend Tilt Index ETF 25.0 9 71 8.2 +2.7
ESGD iShares ESG Aware MSCI EAFE ETF 24.8 20 60 7.0 +1.5
EFA iShares MSCI EAFE ETF 24.6 35 45 7.0 +1.5
JHMD John Hancock Multifactor Developed International ETF 24.1 39 41 7.8 +2.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 23.9 20 60 6.5 +1.0
IEUR iShares Core MSCI Europe ETF 23.9 11 69 7.4 +1.9
DBEU Xtrackers MSCI Europe Hedged Equity ETF 23.8 46 34 6.6 +1.1
BBEU JPMorgan BetaBuilders Europe ETF 23.3 9 71 7.2 +1.7
SPEU SPDR Portfolio Europe ETF 23.3 7 73 7.4 +1.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 23.1 29 51 8.1 +2.5
VGK Vanguard FTSE Europe ETF 23.1 11 69 7.4 +1.9
FLEE Franklin FTSE Europe ETF 23.1 9 71 7.3 +1.7
DTH WisdomTree International High Dividend Fund 23.0 58 22 9.1 +3.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 23.0 25 55 7.4 +1.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 22.8 36 44 6.7 +1.2
CEFA Global X S&P Catholic Values Developed ex-US ETF 22.7 35 45 6.8 +1.3
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 22.6 9 71 9.3 +3.8
JPIN J.P. Morgan Diversified Return International Equity ETF 22.4 37 43 8.8 +3.3
DMXF iShares ESG Advanced MSCI EAFE ETF 22.4 12 68 5.5 +0.0
HFXI IQ FTSE International Equity Currency Neutral ETF 22.3 20 60 7.3 +1.7
IMFL Invesco International Developed Dynamic Multifactor ETF 22.3 34 46 6.0 +0.5
IQLT iShares MSCI Intl Quality Factor ETF 22.2 30 50 6.3 +0.7
STXI Strive International Developed Markets ETF 21.9 29 51 7.1 +1.6
GSID Goldman Sachs MarketBeta International Equity ETF 21.9 20 60 7.2 +1.6
IEFA iShares Core MSCI EAFE ETF 21.7 7 73 7.3 +1.8
IQSI IQ Candriam International Equity ETF 21.6 15 65 6.7 +1.2
LVHI Franklin International Low Volatility High Dividend Index ET 21.5 40 40 10.8 +5.3
FENI Fidelity Enhanced International ETF 21.1 28 52 6.9 +1.4
JIRE JPMorgan International Research Enhanced Equity ETF 20.5 24 56 7.4 +1.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 20.4 45 35 9.2 +3.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 20.3 14 66 6.4 +0.9
VYMI Vanguard International High Dividend Yield ETF 20.2 22 58 9.9 +4.4
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 20.0 12 68 6.3 +0.7
BKIE BNY Mellon International Equity ETF 20.0 4 76 7.3 +1.7
EZU iShares MSCI Eurozone ETF 19.8 52 28 6.8 +1.3
FDEV Fidelity International Multifactor ETF 19.8 18 62 7.7 +2.1
IDEV iShares Core MSCI International Developed Markets ETF 19.6 4 76 7.3 +1.7
VWID Virtus WMC International Dividend ETF 19.4 49 31 8.9 +3.3
AIVI WisdomTree International AI Enhanced Value Fund 19.1 58 22 7.4 +1.9
UIVM VictoryShares International Value Momentum ETF 18.7 35 45 9.6 +4.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 18.6 24 56 7.7 +2.2
SPDW SPDR Portfolio Developed World ex-US ETF 18.5 3 77 7.4 +1.8
VEA Vanguard FTSE Developed Markets ETF 18.4 5 75 7.5 +2.0
SCHF Schwab International Equity ETF 18.3 6 74 7.6 +2.0
EFAS Global X MSCI SuperDividend EAFE ETF 18.3 57 23 8.4 +2.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 18.2 39 41 6.9 +1.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 18.2 45 35 6.7 +1.2
FNDF Schwab Fundamental International Large Co. Index ETF 18.1 25 55 10.0 +4.4
IDMO Invesco S&P International Developed Momentum ETF 18.0 25 55 5.5 0.0
DFAI Dimensional International Core Equity Market ETF 17.9 18 62 7.5 +1.9
IMTM iShares MSCI Intl Momentum Factor ETF 17.7 30 50 5.5 -0.1
FICS First Trust International Developed Capital Strength ETF 17.5 70 10 6.1 +0.6
WWJD Inspire International ETF 17.0 80 0 7.4 +1.8
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 16.8 20 60 6.7 +1.2
INTF iShares International Equity Factor ETF 16.7 15 65 7.9 +2.4
EFG iShares MSCI EAFE Growth ETF 16.7 36 44 4.4 -1.1
ACWX iShares MSCI ACWI ex U.S. ETF 16.7 34 46 8.0 +2.5
IVLU iShares MSCI Intl Value Factor ETF 16.6 30 50 11.0 +5.5
NUDM Nuveen ESG International Developed Markets Equity ETF 16.5 31 49 6.5 +1.0
CWI SPDR MSCI ACWI ex-US ETF 16.3 30 50 8.0 +2.4
RCGE RockCreek Global Equality ETF 15.9 95 -15 6.4 +0.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 15.2 41 39 7.7 +2.2
DFIV Dimensional International Value ETF 15.2 27 53 10.2 +4.7
DIM WisdomTree International MidCap Dividend Fund 15.1 58 22 7.8 +2.3
VEU Vanguard FTSE All-World ex-US Index Fund 15.1 8 72 8.4 +2.8
OEUR ALPS O'Shares Europe Quality Dividend ETF 15.0 48 32 5.9 +0.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 14.8 18 62 8.0 +2.5
RFDI First Trust Riverfront Dynamic Developed International ETF 14.7 83 -3 9.8 +4.3
VSGX Vanguard ESG International Stock ETF 14.7 12 68 8.0 +2.5
DIHP Dimensional International High Profitability ETF 14.6 29 51 7.3 +1.8
IXUS iShares Core MSCI Total International Stock ETF 14.6 7 73 8.2 +2.6
PPIE Putnam PanAgora ESG International Equity ETF 14.3 49 31 7.6 +2.1
IDHQ Invesco S&P International Developed High Quality ETF 14.3 29 51 6.7 +1.1
VXUS Vanguard Total International Stock ETF 14.1 7 73 8.2 +2.7
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 13.8 25 55 6.0 +0.5
EUFN iShares MSCI Europe Financials ETF 13.7 51 29 8.3 +2.8
EPP iShares MSCI Pacific ex-Japan ETF 13.7 47 33 5.5 -0.0
AVDE Avantis International Equity ETF 13.6 23 57 7.9 +2.4
IGRO iShares International Dividend Growth ETF 13.5 15 65 7.3 +1.8
SCHY Schwab International Dividend Equity ETF 13.5 14 66 9.7 +4.2
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 13.5 19 61 6.2 +0.7
EFAD ProShares MSCI EAFE Dividend Growers ETF 13.4 50 30 5.9 +0.4
RODE Hartford Multifactor Diversified International ETF 13.3 29 51 11.0 +5.5
DFIC Dimensional International Core Equity 2 ETF 13.2 23 57 7.8 +2.3
DFSI Dimensional International Sustainability Core 1 ETF 13.2 24 56 6.6 +1.1
JHID John Hancock International High Dividend ETF 13.2 46 34 11.0 +5.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 12.8 39 41 8.6 +3.1
IDV iShares International Select Dividend ETF 12.7 51 29 12.0 +6.5
QINT American Century Quality Diversified International ETF 12.6 39 41 7.6 +2.0
FEP First Trust Europe AlphaDEX Fund 12.6 80 0 9.6 +4.1
AVSD Avantis Responsible International Equity ETF 12.5 23 57 5.9 +0.3
FEUZ First Trust Eurozone AlphaDEX ETF 12.5 80 0 9.6 +4.1
FIVA Fidelity International Value Factor ETF 12.4 18 62 10.5 +5.0
GCOW Pacer Global Cash Cows Dividend ETF 12.4 60 20 11.1 +5.6
AVIV Avantis International Large Cap Value ETF 12.1 25 55 9.1 +3.6
FIDI Fidelity International High Dividend ETF 12.0 18 62 9.2 +3.7
RFEU First Trust Riverfront Dynamic Europe ETF 11.8 83 -3 10.6 +5.0
QWLD SPDR MSCI World StrategicFactors ETF 11.5 30 50 6.2 +0.6
IPAC iShares Core MSCI Pacific ETF 11.4 9 71 7.0 +1.5
EWL iShares MSCI Switzerland ETF 11.2 50 30 6.0 +0.4
FEZ SPDR EURO STOXX 50 ETF 11.1 29 51 7.1 +1.6
FSZ First Trust Switzerland AlphaDEX Fund 10.9 80 0 4.9 -0.6
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 10.8 80 0 5.1 -0.5
FID First Trust S&P International Dividend Aristocrats ETF 10.7 60 20 8.5 +3.0
TTAI FCF International Quality ETF 10.6 59 21 7.1 +1.6
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 10.6 65 15 3.7 -1.8
ACWV iShares MSCI Global Min Vol Factor ETF 10.4 20 60 5.8 +0.3
VPL Vanguard FTSE Pacific ETF 10.3 8 72 7.5 +2.0
EUDG WisdomTree Europe Quality Dividend Growth Fund 10.2 58 22 6.8 +1.3
DEW WisdomTree Global High Dividend Fund 10.2 58 22 8.8 +3.3
UMMA Wahed Dow Jones Islamic World ETF 10.1 65 15 5.3 -0.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 10.0 65 15 8.2 +2.7
EUDV ProShares MSCI Europe Dividend Growers ETF 10.0 55 25 5.8 +0.3
FDD First Trust Stoxx European Select Dividend Index Fund 9.9 58 22 12.0 +6.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 9.9 47 33 5.8 +0.2
KXI iShares Global Consumer Staples ETF 9.8 41 39 5.4 -0.1
BLES Inspire Global Hope ETF 9.8 61 19 6.9 +1.4
HEDJ WisdomTree Europe Hedged Equity Fund 9.7 58 22 6.4 +0.9
EWU iShares MSCI United Kingdom ETF 9.7 50 30 8.6 +3.1
FLSW Franklin FTSE Switzerland ETF 9.6 9 71 6.2 +0.7
ESGG FlexShares STOXX Global ESG Select Index Fund 9.6 42 38 5.6 +0.1
FLGB Franklin FTSE United Kingdom ETF 9.5 9 71 8.0 +2.5
EWQ iShares MSCI France ETF 9.4 53 27 7.1 +1.6
WDIV SPDR S&P Global Dividend ETF 9.4 40 40 9.7 +4.2
VIDI Vident International Equity Strategy ETF 9.3 61 19 11.3 +5.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 9.2 56 24 12.3 +6.8
VIGI Vanguard International Dividend Appreciation ETF 9.2 15 65 6.2 +0.7
CGDG Capital Group Dividend Growers ETF 9.1 47 33 6.3 +0.8
KLMT Invesco MSCI Global Climate 500 ETF 9.1 10 70 6.0 +0.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 9.0 30 50 8.4 +2.9
INEQ Columbia International Equity Income ETF 8.9 45 35 8.7 +3.2
CGIE Capital Group International Equity ETF 8.8 54 26 5.0 -0.5
IQDF FlexShares International Quality Dividend Index Fund 8.4 47 33 9.3 +3.8
IQRA IQ CBRE Real Assets ETF 8.3 65 15 5.7 +0.2
IXG iShares Global Financials ETF 8.3 42 38 6.8 +1.3
NXTG First Trust Indxx NextG ETF 8.1 70 10 5.6 +0.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 8.1 80 0 10.5 +5.0
EWS iShares MSCI Singapore ETF 8.0 50 30 5.2 -0.4
JIG JPMorgan International Growth ETF 8.0 55 25 4.7 -0.8
IDOG ALPS International Sector Dividend Dogs ETF 7.9 50 30 12.6 +7.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 7.9 65 15 12.1 +6.5
DGT SPDR Global Dow ETF 7.8 50 30 7.5 +1.9
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 7.7 25 55 7.8 +2.3
DSTX Distillate International Fundamental Stability & Value ETF 7.7 55 25 8.4 +2.9
EWN iShares MSCI Netherlands ETF 7.5 50 30 5.6 +0.1
FEOE First Eagle Overseas Equity ETF 7.4 79 1 8.4 +2.8
BLLD JPMorgan Sustainable Infrastructure ETF 7.3 49 31 6.2 +0.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 7.3 47 33 8.6 +3.0
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 7.3 80 0 10.0 +4.4
FKU First Trust United Kingdom AlphaDEX Fund 7.3 80 0 7.6 +2.0
FYLD Cambria Foreign Shareholder Yield ETF 7.3 59 21 12.1 +6.6
GVAL Cambria Global Value ETF 7.2 68 12 11.1 +5.5
URTH iShares MSCI World ETF 7.1 24 56 5.4 -0.1
JXI iShares Global Utilities ETF 6.9 43 37 5.9 +0.4
TOK iShares MSCI Kokusai ETF 6.9 26 54 5.3 -0.2
IXP iShares Global Comm Services ETF 6.9 42 38 6.3 +0.8
CZAR Themes Natural Monopoly ETF 6.8 35 45 5.6 +0.1
EWG iShares MSCI Germany ETF 6.7 50 30 6.3 +0.8
FLGR Franklin FTSE Germany ETF 6.7 9 71 6.8 +1.2
ASEA Global X FTSE Southeast Asia ETF 6.5 65 15 6.8 +1.3
EWJV iShares MSCI Japan Value ETF 6.5 15 65 9.6 +4.1
BBJP JPMorgan BetaBuilders Japan ETF 6.3 19 61 7.5 +2.0
ACWI iShares MSCI ACWI ETF 6.3 32 48 5.8 +0.3
EWJ iShares MSCI Japan ETF 6.3 50 30 6.9 +1.4
FEGE First Eagle Global Equity ETF 6.3 79 1 7.2 +1.7
KOKU Xtrackers MSCI Kokusai Equity ETF 6.2 9 71 5.4 -0.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 6.2 47 33 6.9 +1.4
FLAU Franklin FTSE Australia ETF 6.1 9 71 6.3 +0.8
GLOF iShares Global Equity Factor ETF 6.0 20 60 6.9 +1.4
FLJP Franklin FTSE Japan ETF 6.0 9 71 7.0 +1.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 6.0 12 68 5.3 -0.2
FLJH Franklin FTSE Japan Hedged ETF 6.0 9 71 6.8 +1.2
EWP iShares MSCI Spain ETF 6.0 50 30 7.7 +2.1
DVYA iShares Asia/Pacific Dividend ETF 5.9 49 31 8.7 +3.2
IXJ iShares Global Healthcare ETF 5.9 42 38 7.2 +1.7
BINV Brandes International ETF 5.8 70 10 9.9 +4.3
JPXN iShares JPX-Nikkei 400 ETF 5.8 48 32 7.4 +1.9
JSTC Adasina Social Justice All Cap Global ETF 5.8 89 -9 4.5 -1.1
IOO iShares Global 100 ETF 5.7 41 39 5.2 -0.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 5.7 9 71 6.1 +0.5
FGM First Trust Germany AlphaDEX Fund 5.7 80 0 8.3 +2.7
BKCI BNY Mellon Concentrated International ETF 5.7 80 0 5.1 -0.5
EWI iShares MSCI Italy ETF 5.6 50 30 10.0 +4.5
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 5.6 46 34 5.5 -0.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 5.6 58 22 6.8 +1.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.6 20 60 5.9 +0.4
IGF iShares Global Infrastructure ETF 5.6 41 39 4.7 -0.8
EWA iShares MSCI Australia ETF 5.6 50 30 6.0 +0.4
GII SPDR S&P Global Infrastructure ETF 5.6 40 40 4.7 -0.8
IQDG WisdomTree International Quality Dividend Growth Fund 5.5 42 38 7.1 +1.6
DAX Global X DAX Germany ETF 5.4 21 59 6.6 +1.1
VT Vanguard Total World Stock ETF 5.4 7 73 6.2 +0.6
RWX SPDR Dow Jones International Real Estate ETF 5.3 59 21 7.1 +1.6
IFGL iShares International Developed Real Estate ETF 5.2 48 32 7.3 +1.8
DTAN Sparkline International Intangible Value ETF 5.0 55 25 8.4 +2.9
VNQI Vanguard Global ex-U.S. Real Estate ETF 5.0 12 68 8.3 +2.8
DIVS SmartETFs Dividend Builder ETF 4.8 65 15 5.0 -0.6
PATN Pacer Nasdaq International Patent Leaders ETF 4.6 65 15 6.6 +1.1
EXI iShares Global Industrials ETF 4.4 42 38 4.6 -0.9
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 4.4 10 70 8.4 +2.8
OSEA Harbor International Compounders ETF 4.3 55 25 4.7 -0.9
KNCT Invesco Next Gen Connectivity ETF 4.3 40 40 5.2 -0.4
GLBL Pacer MSCI World Industry Advantage ETF 4.3 65 15 4.5 -1.1
KOCG FIS Knights of Columbus Global Belief ETF 4.3 75 5 5.1 -0.4
ABLG Abacus FCF International Leaders ETF 4.2 59 21 6.2 +0.7
EWD iShares MSCI Sweden ETF 4.2 54 26 5.4 -0.1
IVAL Alpha Architect International Quantitative Value ETF 4.1 49 31 11.5 +6.0
SDG iShares MSCI Global Sustainable Development Goals ETF 4.0 49 31 6.3 +0.8
FLHK Franklin FTSE Hong Kong ETF 3.9 9 71 7.0 +1.5
EWH iShares MSCI Hong Kong ETF 3.9 50 30 6.0 +0.4
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 3.7 58 22 5.0 -0.5
WLDR Affinity World Leaders Equity ETF 3.7 67 13 7.9 +2.4
FAN First Trust Global Wind Energy ETF 3.6 60 20 4.9 -0.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 3.6 70 10 9.7 +4.2
IMOM Alpha Architect International Quantitative Momentum ETF 3.6 49 31 4.6 -0.9
BCDF Horizon Kinetics Blockchain Development ETF 3.6 85 -5 4.0 -1.6
JGLO JPMorgan Global Select Equity ETF 3.4 33 47 5.1 -0.4
QTUM Defiance Quantum ETF 3.4 40 40 6.6 +1.0
WRND IQ Global Equity R&D Leaders ETF 3.3 18 62 8.9 +3.3
RGEF Rockefeller Global Equity ETF 3.3 55 25 5.1 -0.5
FLAX Franklin FTSE Asia Ex Japan ETF 3.3 19 61 9.8 +4.3
FPXI First Trust International Equity Opportunities ETF 3.2 70 10 3.6 -1.9
AIA iShares Asia 50 ETF 3.1 50 30 14.3 +8.8
KNO AXS Knowledge Leaders ETF 3.0 78 2 6.1 +0.6
OBOR KraneShares MSCI One Belt One Road Index ETF 2.9 79 1 8.9 +3.3
RAYD Rayliant Quantitative Developed Market Equity ETF 2.9 80 0 4.6 -0.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 2.8 42 38 6.7 +1.2
RWO SPDR Dow Jones Global Real Estate ETF 2.8 50 30 7.0 +1.4
JETS U.S. Global Jets ETF 2.8 60 20 3.8 -1.7
INFL Horizon Kinetics Inflation Beneficiaries ETF 2.8 85 -5 3.9 -1.7
VGSR Vert Global Sustainable Real Estate ETF 2.7 47 33 7.2 +1.7
ERET iShares Environmentally Aware Real Estate ETF 2.7 30 50 7.5 +1.9
DXJ WisdomTree Japan Hedged Equity Fund 2.7 48 32 8.3 +2.8
GQRE FlexShares Global Quality Real Estate Index Fund 2.6 45 35 7.8 +2.3
ISCF iShares International SmallCap Equity Factor ETF 2.5 23 57 8.7 +3.2
CCNR ALPS CoreCommodity Natural Resources ETF 2.5 39 41 12.1 +6.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.5 78 2 9.9 +4.4
AGQI First Trust Active Global Quality Income ETF 2.5 85 -5 5.0 -0.6
IVEG iShares Emergent Food and AgTech Multisector ETF 2.5 47 33 9.0 +3.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.5 70 10 4.9 -0.6
CGGO Capital Group Global Growth Equity ETF 2.5 47 33 4.9 -0.7
OCEN IQ Clean Oceans ETF 2.4 45 35 6.6 +1.0
MOTG VanEck Morningstar Global Wide Moat ETF 2.4 52 28 6.9 +1.3
GNR SPDR S&P Global Natural Resources ETF 2.4 40 40 11.7 +6.2
FJP First Trust Japan AlphaDEX Fund 2.3 80 0 10.1 +4.5
IPKW Invesco International BuyBack Achievers ETF 2.3 55 25 14.5 +9.0
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 2.3 58 22 8.7 +3.1
MXI iShares Global Materials ETF 2.2 41 39 8.0 +2.5
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 2.2 75 5 8.1 +2.6
AVRE Avantis Real Estate ETF 2.2 17 63 7.1 +1.5
CLNR IQ Cleaner Transport ETF 2.1 45 35 6.9 +1.4
FNDC Schwab Fundamental International Small Co. Index ETF 2.1 39 41 6.2 +0.6
TMFG Motley Fool Global Opportunities ETF 2.1 85 -5 3.8 -1.8
EWK iShares MSCI Belgium ETF 2.0 50 30 4.7 -0.9
COPY Tweedy, Browne Insider + Value ETF 2.0 80 0 12.6 +7.0
FILL iShares MSCI Global Energy Producers ETF 2.0 39 41 12.3 +6.7
IXC iShares Global Energy ETF 2.0 44 36 10.7 +5.2
GSFP Goldman Sachs Future Planet Equity ETF 2.0 75 5 4.7 -0.9
CRTC Xtrackers US National Critical Technologies ETF 2.0 35 45 5.1 -0.5
AIRL Themes Airlines ETF 2.0 35 45 3.4 -2.2
DISV Dimensional International Small Cap Value ETF 1.9 42 38 9.8 +4.3
RSHO Tema American Reshoring ETF 1.9 75 5 4.9 -0.7
ERTH Invesco MSCI Sustainable Future ETF 1.9 62 18 3.5 -2.0
REET iShares Global REIT ETF 1.9 14 66 7.5 +2.0
IDNA iShares Genomics Immunology and Healthcare ETF 1.9 47 33 -2.1 -7.6
DFGR Dimensional Global Real Estate ETF 1.9 22 58 7.4 +1.9
CGXU Capital Group International Focus Equity ETF 1.9 54 26 5.8 +0.3
MOTI VanEck Morningstar International Moat ETF 1.9 58 22 12.9 +7.4
HAP VanEck Natural Resources ETF 1.9 50 30 10.1 +4.6
WDNA WisdomTree BioRevolution Fund 1.9 45 35 -1.7 -7.2
IPAV Global X Infrastructure Development ex-U.S. ETF 1.8 55 25 7.9 +2.3
HART IQ Healthy Hearts ETF 1.8 45 35 6.6 +1.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.8 46 34 10.6 +5.1
NBCC Neuberger Berman Next Generation Connected Consumer ETF 1.8 56 24 2.6 -2.9
SMOG VanEck Low Carbon Energy ETF 1.7 61 19 1.6 -4.0
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 1.7 60 20 3.8 -1.8
RXI iShares Global Consumer Discretionary ETF 1.7 41 39 8.9 +3.4
XT iShares Exponential Technologies ETF 1.7 46 34 5.6 +0.0
VCLN Virtus Duff & Phelps Clean Energy ETF 1.6 59 21 5.8 +0.3
FDFF Fidelity Disruptive Finance ETF 1.6 50 30 4.1 -1.5
SRET Global X SuperDividend REIT ETF 1.6 59 21 12.4 +6.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.5 49 31 7.4 +1.9
IWTR iShares MSCI Water Management Multisector ETF 1.5 47 33 6.0 +0.5
EDEN iShares MSCI Denmark ETF 1.4 53 27 6.9 +1.4
ICLN iShares Global Clean Energy ETF 1.3 41 39 6.0 +0.5
GINN Goldman Sachs Innovate Equity ETF 1.3 52 28 4.1 -1.4
TOLL Tema Monopolies and Oligopolies ETF 1.3 75 5 3.7 -1.8
DFIS Dimensional International Small Cap ETF 1.2 39 41 7.8 +2.2
BLDG Cambria Global Real Estate ETF 1.2 60 20 12.2 +6.7
FPAG FPA Global Equity ETF 1.2 49 31 6.1 +0.5
KROP Global X AgTech & Food Innovation ETF 1.2 50 30 6.3 +0.8
NORW Global X MSCI Norway ETF 1.1 50 30 10.2 +4.7
ENOR iShares MSCI Norway ETF 1.1 53 27 10.2 +4.7
FDRR Fidelity Dividend ETF for Rising Rates 1.1 15 65 7.6 +2.1
SAGP Strategas Global Policy Opportunities ETF 1.1 65 15 5.4 -0.2
ANEW ProShares MSCI Transformational Changes ETF 1.1 45 35 6.2 +0.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.1 95 -15 13.0 +7.5
CANC Tema Oncology ETF 1.0 75 5 -2.6 -8.2
HRTS Tema GLP-1 Obesity & Cardiometabolic ETF 1.0 75 5 1.0 -4.5
PBD Invesco Global Clean Energy ETF 1.0 75 5 0.5 -5.1
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.0 45 35 4.4 -1.1
IBAT iShares Energy Storage & Materials ETF 0.9 47 33 5.6 +0.1
FTAG First Trust Indxx Global Agriculture ETF 0.9 70 10 8.4 +2.9
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.9 79 1 5.7 +0.1
TEMP JPMorgan Climate Change Solutions ETF 0.9 49 31 5.9 +0.4
VOLT Tema Electrification ETF 0.9 75 5 3.1 -2.5
DTEC ALPS Disruptive Technologies ETF 0.9 50 30 3.8 -1.7
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.8 35 45 4.2 -1.3
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.8 58 22 4.0 -1.5
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 0.8 60 20 4.2 -1.3
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.8 20 60 4.2 -1.3
DFNL Davis Select Financial ETF 0.8 63 17 7.8 +2.3
DINT Davis Select International ETF 0.8 55 25 8.2 +2.6
OAIM OneAscent International Equity ETF 0.8 95 -15 6.2 +0.6
PAWZ ProShares Pet Care ETF 0.8 50 30 3.7 -1.9
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.8 61 19 1.4 -4.1
OGIG ALPS O'Shares Global Internet Giants ETF 0.8 48 32 1.6 -3.9
ROBO ROBO Global Robotics & Automation Index ETF 0.8 95 -15 3.8 -1.7
BOTT Themes Robotics & Automation ETF 0.8 35 45 5.1 -0.4
AGNG Global X Aging Population ETF 0.8 50 30 5.0 -0.6
GDOC Goldman Sachs Future Health Care Equity ETF 0.7 75 5 2.8 -2.7
BJK VanEck Gaming ETF 0.7 65 15 4.3 -1.2
BETZ Roundhill Sports Betting & iGaming ETF 0.7 75 5 2.2 -3.4
WTRE WisdomTree New Economy Real Estate Fund 0.6 58 22 9.1 +3.5
IDAT iShares Future Cloud 5G and Tech ETF 0.6 47 33 5.0 -0.5
SRVR Pacer Data & Infrastructure Real Estate ETF 0.6 55 25 3.8 -1.8
SYNB Putnam BioRevolution ETF 0.6 70 10 2.9 -2.6
FFLC Fidelity Fundamental Large Cap Core ETF 0.6 38 42 4.8 -0.7
AIQ Global X Artificial Intelligence & Technology ETF 0.6 68 12 4.2 -1.4
SDIV Global X Superdividend ETF 0.5 58 22 42.2 +36.7
MEM Matthews Emerging Markets Equity Active ETF 0.5 79 1 8.3 +2.8
FBCV Fidelity Blue Chip Value ETF 0.5 59 21 7.5 +2.0
EBLU Ecofin Global Water ESG Fund 0.5 40 40 4.3 -1.3
CGW Invesco S&P Global Water Index ETF 0.5 57 23 4.7 -0.9
PIO Invesco Global Water ETF 0.5 75 5 4.8 -0.7
EFRA iShares Environmental Infrastructure and Industrials ETF 0.5 47 33 5.2 -0.3
GSIB Themes Global Systemically Important Banks ETF 0.5 35 45 10.3 +4.8
MOO VanEck Agribusiness ETF 0.5 53 27 10.5 +5.0
VEGI iShares MSCI Agriculture Producers ETF 0.5 39 41 8.6 +3.0
BMED Future Health ETF 0.5 85 -5 0.5 -5.0
BKWO BNY Mellon Women's Opportunities ETF 0.5 50 30 3.8 -1.8
RUNN Running Oak Efficient Growth ETF 0.5 58 22 4.8 -0.7
MDEV First Trust Indxx Medical Devices ETF 0.5 70 10 4.3 -1.2
FRNW Fidelity Clean Energy ETF 0.5 39 41 4.3 -1.2
NLR VanEck Uranium+Nuclear Energy ETF 0.5 61 19 2.8 -2.8
URAN Themes Uranium & Nuclear ETF 0.5 35 45 2.2 -3.3
PRAY FIS Christian Stock Fund 0.5 69 11 5.4 -0.2
OZEM Roundhill GLP-1 & Weight Loss ETF 0.5 59 21 -0.7 -6.2
THNR Amplify Weight Loss Drug & Treatment ETF 0.5 59 21 6.1 +0.6
BITQ Bitwise Crypto Industry Innovators ETF 0.5 85 -5 -2.6 -8.1
BLOK Amplify Transformational Data Sharing ETF 0.5 75 5 0.3 -5.2
PTEC Global X PropTech ETF 0.5 50 30 1.6 -3.9
FDNI First Trust Dow Jones International Internet ETF 0.5 65 15 19.3 +13.7
SUPL ProShares Supply Chain Logistics ETF 0.4 58 22 10.7 +5.2
AWAY ETFMG Travel Tech ETF 0.4 76 4 -0.1 -5.6
AZTD Aztlan Global Stock Selection DM SMID ETF 0.4 75 5 8.0 +2.5
FVD First Trust Value Line Dividend Index Fund 0.4 65 15 6.2 +0.7
CGGR Capital Group Growth ETF 0.4 39 41 3.4 -2.2
CGUS Capital Group Core Equity ETF 0.4 33 47 4.6 -1.0
LUX Tema Luxury ETF 0.4 75 5 4.3 -1.2
FINE Themes European Luxury ETF 0.4 35 45 6.7 +1.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.4 50 30 11.8 +6.3
DWLD Davis Select Worldwide ETF 0.4 63 17 7.6 +2.1
CUT Invesco MSCI Global Timber ETF 0.4 61 19 10.1 +4.6
WOOD iShares Global Timber & Forestry ETF 0.4 42 38 11.8 +6.3
FDVV Fidelity High Dividend ETF 0.4 15 65 8.1 +2.6
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 60 4.3 -1.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 59 4.0 -1.5
SCJ iShares MSCI Japan Small-Cap ETF 0.3 50 30 7.3 +1.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.3 39 41 16.8 +11.3
LRGE ClearBridge Large Cap Growth ESG ETF 0.3 59 21 3.9 -1.6
SCZ iShares MSCI EAFE Small-Cap ETF 0.3 40 40 7.4 +1.8
EIRL iShares MSCI Ireland ETF 0.3 50 30 8.8 +3.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.3 15 65 8.5 +2.9
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 55 12.2 +6.7
QQQ Invesco QQQ Trust Series I 0.3 20 60 4.2 -1.3
QQQM Invesco NASDAQ 100 ETF 0.3 15 65 4.3 -1.2
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 41 14.0 +8.5
IBLC iShares Blockchain and Tech ETF 0.2 47 33 -3.4 -9.0
AVDV Avantis International Small Cap Value ETF 0.2 36 44 10.6 +5.0
RVRB Reverb ETF 0.2 30 50 4.8 -0.7
AADR AdvisorShares Dorsey Wright ADR ETF 0.2 110 -30 5.0 -0.5
JOET Virtus Terranova US Quality Momentum ETF 0.2 29 51 4.8 -0.7
QLC FlexShares US Quality Large Cap Index Fund 0.2 25 55 5.7 +0.2
QLV FlexShares US Quality Low Volatility Index Fund 0.2 22 58 5.7 +0.2
TMAT Main Thematic Innovation ETF 0.2 164 -84 -1.5 -7.1
WCBR WisdomTree Cybersecurity Fund 0.2 45 35 1.7 -3.8
BUG Global X Cybersecurity ETF 0.2 51 29 2.7 -2.9
IZRL ARK Israel Innovative Technology ETF 0.2 49 31 1.2 -4.4
CIBR First Trust NASDAQ Cybersecurity ETF 0.2 60 20 3.9 -1.7
RJMG FT Raymond James Multicap Growth Equity ETF 0.2 85 -5 2.3 -3.3
ISRA VanEck Israel ETF 0.2 59 21 7.4 +1.9
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.2 20 60 5.0 -0.5
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.2 15 65 5.4 -0.2
EIS iShares MSCI Israel ETF 0.2 58 22 8.2 +2.7
IHAK iShares Cybersecurity & Tech ETF 0.2 47 33 3.5 -2.0
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.2 40 40 3.8 -1.8
THRO iShares U.S. Thematic Rotation Active ETF 0.2 90 -10 4.1 -1.4
FITE SPDR S&P Kensho Future Security ETF 0.2 45 35 2.3 -3.3
KOMP SPDR S&P Kensho New Economies Composite ETF 0.2 20 60 3.5 -2.1
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.2 12 68 5.6 +0.1
XITK SPDR FactSet Innovative Technology ETF 0.2 45 35 0.4 -5.1
HACK ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund 0.2 60 20 2.8 -2.8
ITEQ BlueStar Israel Technology ETF 0.2 75 5 2.0 -3.5
TRFK Pacer Data and Digital Revolution ETF 0.2 60 20 3.5 -2.1
APIE ActivePassive International Equity ETF 0.2 45 35 7.6 +2.1
SPAM Themes Cybersecurity ETF 0.2 35 45 1.9 -3.6
CLOD Themes Cloud Computing ETF 0.2 35 45 3.0 -2.6
AIS VistaShares Artificial Intelligence Supercycle ETF 0.2 75 5 3.9 -1.6
LST Leuthold Select Industries ETF 0.2 91 -11 5.6 +0.1
ENZL iShares MSCI New Zealand ETF 0.2 50 30 3.6 -2.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 44 10.2 +4.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 65 10.7 +5.2
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 69 10.4 +4.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 21 12.2 +6.7
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 45 5.3 -0.2
PRNT 3D Printing ETF 0.1 66 14 1.4 -4.2
PXH Invesco FTSE RAFI Emerging Markets ETF 0.1 49 31 16.6 +11.1
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 48 5.1 -0.5
IXN iShares Global Tech ETF 0.1 41 39 4.1 -1.4
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 41 7.1 +1.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 47 10.5 +4.9
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 71 4.9 -0.6
EBI Longview Advantage ETF 0.0 35 45 6.9 +1.3

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		 1.67 CATEGORY
AVERAGE		 1.61
 
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.