First Trust Horizon Managed Volatility Developed Intl ETF
ALTAR
Score™		 5.8% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 14.4x P/Sales
ratio		 1.4x
P/BV
ratio		 1.4x Div.
yield		 4.6%


  • 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 161
Wgt avg mkt cap (mns) $31,776
Large cap (>$10bn) 85.5%
Mid cap ($2-10bn) 14.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CAPITAMALL TRUST 2.1 %
HONG KONG & CHINA GAS 2.0 %
CLP HOLDINGS LTD 2.0 %
TELSTRA CORPORATION LIMITED 1.9 %
SINO LAND CO 1.8 %
COLES GROUP LTD. 1.8 %
SINGAPORE AIRLINES LTD 1.8 %
ASCENDAS REAL ESTATE INV TRT 1.7 %
HONGKONG ELECTRIC HOLDINGS 1.5 %
WILMAR INTERNATIONAL LTD 1.2 %
Total 17.7 %

TOP COUNTRY EXPOSURE
JAPAN 15.3 %
SINGAPORE 12.4 %
HONG KONG 11.8 %
AUSTRALIA 10.4 %
FRANCE 8.6 %
BRITAIN 7.0 %
SWEDEN 5.2 %
GERMANY 5.0 %
ITALY 4.8 %
SWITZERLAND 4.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
23.6% 14.4% 6.9% -- 4.7%

Market Correlations
versus... Beta R-squared
S&P500 0.47 27%
MSCI EAFE 0.59 50%
MSCI Emg. Mkts. 0.59 53%

Technical Indicators
Recent close $35.91
30d moving avg. $35.54
Annualized volatility 13.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $6,540

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 418 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™: 5.8%


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 42.9 25 55 6.2 +0.4
EFAV iShares MSCI EAFE Min Vol Factor ETF 38.4 22 58 5.7 -0.1
DWMF WisdomTree International Multifactor Fund 33.8 38 42 7.0 +1.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 30.2 32 48 6.0 +0.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 27.0 30 50 7.0 +1.1
CIL VictoryShares International Volatility Wtd ETF 26.5 45 35 6.6 +0.8
TPIF Timothy Plan International ETF 25.9 62 18 6.2 +0.3
DOL WisdomTree International LargeCap Dividend Fund 24.7 48 32 7.1 +1.3
JPIN J.P. Morgan Diversified Return International Equity ETF 23.7 37 43 8.2 +2.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 22.8 29 51 7.7 +1.8
DTH WisdomTree International High Dividend Fund 22.4 58 22 8.3 +2.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 22.3 40 40 7.4 +1.5
DWM WisdomTree International Equity Fund 22.3 48 32 7.3 +1.5
DIVI Franklin International Core Dividend Tilt Index ETF 22.1 9 71 7.9 +2.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 22.0 25 55 7.3 +1.5
DWX SPDR S&P International Dividend ETF 21.6 45 35 6.1 +0.2
JHMD John Hancock Multifactor Developed International ETF 20.9 39 41 7.5 +1.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 20.8 25 55 7.0 +1.2
EFV iShares MSCI EAFE Value ETF 20.2 34 46 9.0 +3.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 20.0 36 44 6.5 +0.7
FDEV Fidelity International Multifactor ETF 20.0 18 62 7.3 +1.5
HFXI IQ FTSE International Equity Currency Neutral ETF 19.9 20 60 7.0 +1.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 19.4 9 71 9.1 +3.3
GSID Goldman Sachs MarketBeta International Equity ETF 19.4 20 60 6.8 +1.0
EFA iShares MSCI EAFE ETF 19.0 35 45 6.7 +0.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 18.8 24 56 7.3 +1.5
ESGD iShares ESG Aware MSCI EAFE ETF 18.7 20 60 6.7 +0.9
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 18.6 19 61 5.7 -0.1
LVHI Franklin International Low Volatility High Dividend Index ET 18.4 40 40 10.4 +4.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 18.2 20 60 6.4 +0.6
EPP iShares MSCI Pacific ex-Japan ETF 17.8 47 33 5.0 -0.8
DIM WisdomTree International MidCap Dividend Fund 17.7 58 22 7.4 +1.6
BKIE BNY Mellon International Equity ETF 17.7 4 76 7.0 +1.2
CEFA Global X S&P Catholic Values Developed ex-US ETF 17.7 35 45 6.6 +0.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 17.6 20 60 6.3 +0.5
VWID Virtus WMC International Dividend ETF 17.4 49 31 8.4 +2.5
JIRE JPMorgan International Research Enhanced Equity ETF 17.2 24 56 7.2 +1.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 17.2 46 34 6.7 +0.9
WWJD Inspire International ETF 17.2 80 0 7.3 +1.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 17.2 14 66 6.2 +0.3
IQSI IQ Candriam International Equity ETF 17.1 15 65 6.6 +0.8
BBEU JPMorgan BetaBuilders Europe ETF 16.9 9 71 7.2 +1.4
UIVM VictoryShares International Value Momentum ETF 16.8 35 45 8.8 +3.0
DMXF iShares ESG Advanced MSCI EAFE ETF 16.7 12 68 5.5 -0.4
IMFL Invesco International Developed Dynamic Multifactor ETF 16.7 34 46 6.0 +0.2
IEFA iShares Core MSCI EAFE ETF 16.6 7 73 7.0 +1.1
FLEE Franklin FTSE Europe ETF 16.5 9 71 7.3 +1.4
AIVI WisdomTree International AI Enhanced Value Fund 16.5 58 22 7.0 +1.2
IEV iShares Europe ETF 16.3 67 13 6.9 +1.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 16.0 39 41 6.6 +0.8
IQLT iShares MSCI Intl Quality Factor ETF 16.0 30 50 6.2 +0.4
FENI Fidelity Enhanced International ETF 15.8 28 52 6.5 +0.7
IEUR iShares Core MSCI Europe ETF 15.5 11 69 7.4 +1.6
VYMI Vanguard International High Dividend Yield ETF 15.5 17 63 9.5 +3.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 15.3 45 35 8.7 +2.9
SPEU SPDR Portfolio Europe ETF 15.0 7 73 7.4 +1.6
STXI Strive International Developed Markets ETF 15.0 29 51 6.6 +0.8
VGK Vanguard FTSE Europe ETF 15.0 6 74 7.5 +1.7
IDEV iShares Core MSCI International Developed Markets ETF 14.9 4 76 6.9 +1.1
SCHF Schwab International Equity ETF 14.9 6 74 7.2 +1.4
FNDF Schwab Fundamental International Large Co. Index ETF 14.5 25 55 9.5 +3.7
DFAI Dimensional International Core Equity Market ETF 14.2 18 62 7.1 +1.2
EFAS Global X MSCI SuperDividend EAFE ETF 14.2 57 23 8.2 +2.3
SPDW SPDR Portfolio Developed World ex-US ETF 14.2 3 77 6.9 +1.1
NUDM Nuveen ESG International Developed Markets Equity ETF 14.1 31 49 6.2 +0.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 13.9 45 35 6.9 +1.1
VEA Vanguard FTSE Developed Markets ETF 13.9 3 77 7.1 +1.3
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 13.9 12 68 5.9 +0.1
IVLU iShares MSCI Intl Value Factor ETF 13.7 30 50 10.3 +4.4
RODE Hartford Multifactor Diversified International ETF 13.6 29 51 11.4 +5.6
EZU iShares MSCI Eurozone ETF 13.6 52 28 6.7 +0.9
RFDI First Trust Riverfront Dynamic Developed International ETF 13.6 83 -3 9.3 +3.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 13.4 41 39 7.4 +1.6
RCGE RockCreek Global Equality ETF 13.3 95 -15 6.7 +0.9
DFIV Dimensional International Value ETF 13.1 27 53 9.5 +3.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 13.0 18 62 7.8 +2.0
IPAC iShares Core MSCI Pacific ETF 12.9 9 71 6.2 +0.4
IMTM iShares MSCI Intl Momentum Factor ETF 12.9 30 50 5.4 -0.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 12.7 25 55 5.8 0.0
EFAD ProShares MSCI EAFE Dividend Growers ETF 12.6 50 30 5.9 +0.1
FIVA Fidelity International Value Factor ETF 12.5 18 62 9.8 +4.0
EWS iShares MSCI Singapore ETF 12.4 50 30 4.7 -1.1
ACWX iShares MSCI ACWI ex U.S. ETF 12.4 34 46 7.6 +1.8
INTF iShares International Equity Factor ETF 12.3 15 65 7.5 +1.7
CWI SPDR MSCI ACWI ex-US ETF 12.2 30 50 7.6 +1.7
EFG iShares MSCI EAFE Growth ETF 12.1 36 44 4.3 -1.5
DIHP Dimensional International High Profitability ETF 12.1 29 51 7.1 +1.3
QINT American Century Quality Diversified International ETF 12.1 39 41 7.3 +1.4
DVYA iShares Asia/Pacific Dividend ETF 12.1 49 31 7.5 +1.7
AVDE Avantis International Equity ETF 12.0 23 57 7.3 +1.5
AVSD Avantis Responsible International Equity ETF 11.8 23 57 5.6 -0.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 11.8 39 41 7.8 +2.0
VPL Vanguard FTSE Pacific ETF 11.5 7 73 6.7 +0.9
EWH iShares MSCI Hong Kong ETF 11.4 50 30 5.0 -0.8
VEU Vanguard FTSE All-World ex-US Index Fund 11.2 4 76 8.0 +2.2
SCHY Schwab International Dividend Equity ETF 11.2 14 66 9.6 +3.8
INEQ Columbia International Equity Income ETF 11.1 45 35 8.0 +2.2
AVIV Avantis International Large Cap Value ETF 11.1 25 55 8.5 +2.7
FLHK Franklin FTSE Hong Kong ETF 11.0 9 71 6.7 +0.9
PPIE Putnam PanAgora ESG International Equity ETF 11.0 49 31 7.4 +1.5
FEUZ First Trust Eurozone AlphaDEX ETF 11.0 80 0 9.0 +3.2
GCOW Pacer Global Cash Cows Dividend ETF 10.7 60 20 11.0 +5.2
IXUS iShares Core MSCI Total International Stock ETF 10.6 7 73 7.8 +2.0
FIDI Fidelity International High Dividend ETF 10.5 18 62 8.6 +2.8
IDV iShares International Select Dividend ETF 10.4 51 29 10.6 +4.7
IDMO Invesco S&P International Developed Momentum ETF 10.4 25 55 5.3 -0.6
VXUS Vanguard Total International Stock ETF 10.4 5 75 7.8 +2.0
JHID John Hancock International High Dividend ETF 10.4 46 34 9.4 +3.6
VSGX Vanguard ESG International Stock ETF 10.3 10 70 7.6 +1.7
DFIC Dimensional International Core Equity 2 ETF 10.3 23 57 7.3 +1.5
FID First Trust S&P International Dividend Aristocrats ETF 10.3 60 20 7.8 +2.0
IDOG ALPS International Sector Dividend Dogs ETF 10.2 50 30 12.1 +6.3
OEUR ALPS O'Shares Europe Quality Dividend ETF 10.2 48 32 6.0 +0.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 10.1 25 55 6.8 +1.0
DEW WisdomTree Global High Dividend Fund 10.1 58 22 8.3 +2.5
FEP First Trust Europe AlphaDEX Fund 10.1 80 0 9.0 +3.2
DFSI Dimensional International Sustainability Core 1 ETF 10.1 24 56 6.3 +0.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 9.9 12 68 8.0 +2.1
IGRO iShares International Dividend Growth ETF 9.9 15 65 7.2 +1.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 9.8 10 70 7.9 +2.1
ACWV iShares MSCI Global Min Vol Factor ETF 9.7 20 60 6.1 +0.3
BLES Inspire Global Hope ETF 9.6 61 19 6.8 +0.9
IQRA IQ CBRE Real Assets ETF 9.6 65 15 5.7 -0.2
WDIV SPDR S&P Global Dividend ETF 9.5 40 40 9.2 +3.3
FLAU Franklin FTSE Australia ETF 9.4 9 71 6.0 +0.2
DXIV Dimensional International Vector Equity ETF 9.3 34 46 7.7 +1.9
IFGL iShares International Developed Real Estate ETF 9.3 48 32 6.9 +1.0
ASEA Global X FTSE Southeast Asia ETF 9.2 65 15 6.6 +0.8
BBJP JPMorgan BetaBuilders Japan ETF 9.2 19 61 6.7 +0.8
IQDF FlexShares International Quality Dividend Index Fund 9.1 47 33 8.8 +3.0
FGD First Trust Dow Jones Global Select Dividend Index Fund 9.1 56 24 10.6 +4.8
EWA iShares MSCI Australia ETF 9.1 50 30 5.6 -0.3
EWJV iShares MSCI Japan Value ETF 9.1 15 65 8.6 +2.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 9.0 47 33 8.3 +2.4
FICS First Trust International Developed Capital Strength ETF 9.0 70 10 7.3 +1.5
DBJP Xtrackers MSCI Japan Hedged Equity ETF 8.9 47 33 6.1 +0.2
RFEU First Trust Riverfront Dynamic Europe ETF 8.9 83 -3 10.6 +4.8
QWLD SPDR MSCI World StrategicFactors ETF 8.8 30 50 5.9 +0.1
KXI iShares Global Consumer Staples ETF 8.7 41 39 5.5 -0.3
EWJ iShares MSCI Japan ETF 8.6 50 30 6.1 +0.2
RWX SPDR Dow Jones International Real Estate ETF 8.5 59 21 6.8 +1.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 8.5 47 33 5.8 -0.1
FLJP Franklin FTSE Japan ETF 8.4 9 71 6.2 +0.4
IDHQ Invesco S&P International Developed High Quality ETF 8.4 29 51 6.6 +0.8
FLJH Franklin FTSE Japan Hedged ETF 8.4 9 71 6.0 +0.2
JPXN iShares JPX-Nikkei 400 ETF 8.1 48 32 6.5 +0.7
TTAI FCF International Quality ETF 8.1 59 21 7.3 +1.5
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 8.0 65 15 4.2 -1.6
ESGG FlexShares STOXX Global ESG Select Index Fund 8.0 42 38 5.4 -0.5
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 7.9 80 0 8.7 +2.9
VIDI Vident International Equity Strategy ETF 7.9 61 19 10.7 +4.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 7.8 65 15 7.9 +2.1
GVAL Cambria Global Value ETF 7.8 68 12 10.4 +4.6
EUFN iShares MSCI Europe Financials ETF 7.7 51 29 7.8 +2.0
EUDV ProShares MSCI Europe Dividend Growers ETF 7.6 55 25 6.3 +0.4
EWQ iShares MSCI France ETF 7.4 53 27 7.3 +1.4
FEOE First Eagle Overseas Equity ETF 7.2 79 1 7.8 +2.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 7.1 30 50 7.7 +1.9
FEZ SPDR EURO STOXX 50 ETF 7.1 29 51 7.2 +1.4
EUDG WisdomTree Europe Quality Dividend Growth Fund 7.0 58 22 6.9 +1.1
GQRE FlexShares Global Quality Real Estate Index Fund 6.9 45 35 7.7 +1.9
NXTG First Trust Indxx NextG ETF 6.8 70 10 5.2 -0.6
FYLD Cambria Foreign Shareholder Yield ETF 6.6 59 21 11.5 +5.6
KLMT Invesco MSCI Global Climate 500 ETF 6.4 10 70 5.7 -0.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 6.4 80 0 9.3 +3.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.4 78 2 9.1 +3.2
FDD First Trust Stoxx European Select Dividend Index Fund 6.3 58 22 11.3 +5.4
VIGI Vanguard International Dividend Appreciation ETF 6.3 10 70 6.3 +0.5
IQDG WisdomTree International Quality Dividend Growth Fund 6.2 42 38 7.3 +1.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 6.2 58 22 7.1 +1.2
CGDG Capital Group Dividend Growers ETF 6.2 47 33 6.2 +0.4
FLGB Franklin FTSE United Kingdom ETF 6.1 9 71 7.5 +1.7
EWU iShares MSCI United Kingdom ETF 6.1 50 30 8.1 +2.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 6.1 65 15 12.0 +6.2
CGIE Capital Group International Equity ETF 6.0 54 26 5.1 -0.8
HEDJ WisdomTree Europe Hedged Equity Fund 5.9 58 22 6.6 +0.8
BKCI BNY Mellon Concentrated International ETF 5.8 80 0 5.2 -0.6
BINV Brandes International ETF 5.8 70 10 9.3 +3.5
DSTX Distillate International Fundamental Stability & Value ETF 5.7 55 25 7.8 +1.9
ERET iShares Environmentally Aware Real Estate ETF 5.7 30 50 7.2 +1.4
IXG iShares Global Financials ETF 5.7 42 38 6.5 +0.7
JSTC Adasina Social Justice All Cap Global ETF 5.7 89 -9 4.8 -1.0
IXP iShares Global Comm Services ETF 5.6 42 38 5.4 -0.5
DGT SPDR Global Dow ETF 5.6 50 30 6.9 +1.1
UMMA Wahed Dow Jones Islamic World ETF 5.4 65 15 5.4 -0.5
KOKU Xtrackers MSCI Kokusai Equity ETF 5.3 9 71 5.2 -0.7
JXI iShares Global Utilities ETF 5.2 43 37 5.8 0.0
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 5.2 80 0 4.9 -0.9
JIG JPMorgan International Growth ETF 5.1 55 25 4.7 -1.1
EWD iShares MSCI Sweden ETF 5.1 54 26 5.3 -0.5
URTH iShares MSCI World ETF 5.1 24 56 5.0 -0.8
RWO SPDR Dow Jones Global Real Estate ETF 5.0 50 30 6.9 +1.0
VGSR Vert Global Sustainable Real Estate ETF 4.9 47 33 7.3 +1.4
EWG iShares MSCI Germany ETF 4.7 50 30 6.4 +0.5
FLGR Franklin FTSE Germany ETF 4.7 9 71 7.1 +1.3
TOK iShares MSCI Kokusai ETF 4.6 26 54 5.0 -0.9
FEGE First Eagle Global Equity ETF 4.6 79 1 6.8 +1.0
KNO AXS Knowledge Leaders ETF 4.6 78 2 6.0 +0.1
ACWI iShares MSCI ACWI ETF 4.5 32 48 5.5 -0.4
CZAR Themes Natural Monopoly ETF 4.5 35 45 5.7 -0.2
SDG iShares MSCI Global Sustainable Development Goals ETF 4.5 49 31 5.8 -0.1
SRET Global X SuperDividend REIT ETF 4.4 59 21 11.9 +6.0
DIVS SmartETFs Dividend Builder ETF 4.3 65 15 5.0 -0.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 4.3 42 38 7.1 +1.3
EWN iShares MSCI Netherlands ETF 4.3 50 30 5.5 -0.3
EWI iShares MSCI Italy ETF 4.2 50 30 10.4 +4.6
EWL iShares MSCI Switzerland ETF 4.1 50 30 6.2 +0.4
AVRE Avantis Real Estate ETF 4.1 17 63 7.1 +1.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.1 12 68 5.1 -0.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.0 20 60 5.6 -0.3
FLSW Franklin FTSE Switzerland ETF 4.0 9 71 6.4 +0.5
ERTH Invesco MSCI Sustainable Future ETF 4.0 62 18 3.7 -2.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 4.0 9 71 5.6 -0.2
DXJ WisdomTree Japan Hedged Equity Fund 4.0 48 32 7.3 +1.5
FLAX Franklin FTSE Asia Ex Japan ETF 4.0 19 61 9.1 +3.2
REET iShares Global REIT ETF 3.9 14 66 7.3 +1.5
AIA iShares Asia 50 ETF 3.9 50 30 12.1 +6.3
VT Vanguard Total World Stock ETF 3.9 6 74 5.8 -0.0
DAX Global X DAX Germany ETF 3.8 21 59 6.8 +1.0
IPKW Invesco International BuyBack Achievers ETF 3.8 55 25 12.4 +6.6
DFGR Dimensional Global Real Estate ETF 3.8 22 58 7.4 +1.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 3.8 70 10 9.1 +3.2
WLDR Affinity World Leaders Equity ETF 3.8 67 13 7.3 +1.5
GNR SPDR S&P Global Natural Resources ETF 3.7 40 40 10.9 +5.1
BLLD JPMorgan Sustainable Infrastructure ETF 3.7 49 31 6.1 +0.3
GLOF iShares Global Equity Factor ETF 3.5 20 60 6.4 +0.6
KOCG FIS Knights of Columbus Global Belief ETF 3.5 75 5 5.2 -0.6
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 3.5 46 34 5.6 -0.2
EXI iShares Global Industrials ETF 3.4 42 38 4.5 -1.3
KNCT Invesco Next Gen Connectivity ETF 3.4 40 40 4.7 -1.1
FJP First Trust Japan AlphaDEX Fund 3.3 80 0 8.6 +2.8
IOO iShares Global 100 ETF 3.3 41 39 4.7 -1.1
FSZ First Trust Switzerland AlphaDEX Fund 3.3 80 0 5.3 -0.6
CCNR ALPS CoreCommodity Natural Resources ETF 3.3 39 41 10.7 +4.9
IGF iShares Global Infrastructure ETF 3.2 41 39 4.7 -1.2
GII SPDR S&P Global Infrastructure ETF 3.2 40 40 4.7 -1.2
IXJ iShares Global Healthcare ETF 3.1 42 38 7.3 +1.4
FPXI First Trust International Equity Opportunities ETF 3.1 70 10 4.2 -1.7
IVAL Alpha Architect International Quantitative Value ETF 2.9 49 31 9.7 +3.8
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.8 58 22 4.6 -1.3
RAYD Rayliant Quantitative Developed Market Equity ETF 2.8 80 0 4.3 -1.5
MOTI VanEck Morningstar International Moat ETF 2.8 58 22 11.8 +6.0
AIRL Themes Airlines ETF 2.8 35 45 1.7 -4.1
RGEF Rockefeller Global Equity ETF 2.8 55 25 4.7 -1.1
HAP VanEck Natural Resources ETF 2.7 50 30 9.3 +3.5
FNDC Schwab Fundamental International Small Co. Index ETF 2.6 39 41 5.7 -0.2
PATN Pacer Nasdaq International Patent Leaders ETF 2.6 65 15 6.1 +0.2
MOTG VanEck Morningstar Global Wide Moat ETF 2.5 52 28 7.6 +1.8
FKU First Trust United Kingdom AlphaDEX Fund 2.5 80 0 7.3 +1.5
DTAN Sparkline International Intangible Value ETF 2.5 55 25 8.6 +2.7
GLBL Pacer MSCI World Industry Advantage ETF 2.5 65 15 4.1 -1.8
FAN First Trust Global Wind Energy ETF 2.4 60 20 4.6 -1.2
OBOR KraneShares MSCI One Belt One Road Index ETF 2.4 79 1 8.8 +3.0
MXI iShares Global Materials ETF 2.4 41 39 7.5 +1.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.3 70 10 4.8 -1.1
QTUM Defiance Quantum ETF 2.3 40 40 5.4 -0.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.2 46 34 9.7 +3.9
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 2.1 60 20 3.7 -2.2
COPY Tweedy, Browne Insider + Value ETF 2.0 80 0 11.8 +6.0
EWP iShares MSCI Spain ETF 2.0 50 30 7.0 +1.2
JETS U.S. Global Jets ETF 2.0 60 20 2.7 -3.1
FGM First Trust Germany AlphaDEX Fund 2.0 80 0 6.3 +0.5
OSEA Harbor International Compounders ETF 2.0 55 25 4.9 -1.0
WRND IQ Global Equity R&D Leaders ETF 2.0 18 62 8.1 +2.3
JGLO JPMorgan Global Select Equity ETF 1.9 33 47 5.0 -0.9
CRTC Xtrackers US National Critical Technologies ETF 1.9 35 45 4.8 -1.1
CGGO Capital Group Global Growth Equity ETF 1.9 47 33 4.7 -1.2
BJK VanEck Gaming ETF 1.8 65 15 4.0 -1.8
FILL iShares MSCI Global Energy Producers ETF 1.8 39 41 11.8 +5.9
IXC iShares Global Energy ETF 1.8 44 36 10.2 +4.4
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 1.8 75 5 7.8 +1.9
SMOG VanEck Low Carbon Energy ETF 1.8 61 19 1.8 -4.1
ISCF iShares International SmallCap Equity Factor ETF 1.6 23 57 8.1 +2.2
OCEN IQ Clean Oceans ETF 1.6 45 35 6.0 +0.2
GSFP Goldman Sachs Future Planet Equity ETF 1.6 75 5 4.8 -1.0
MDEV First Trust Indxx Medical Devices ETF 1.6 70 10 4.5 -1.3
EWK iShares MSCI Belgium ETF 1.6 50 30 4.5 -1.4
VCLN Virtus Duff & Phelps Clean Energy ETF 1.6 59 21 4.8 -1.1
CLNR IQ Cleaner Transport ETF 1.6 45 35 6.6 +0.8
INFL Horizon Kinetics Inflation Beneficiaries ETF 1.5 85 -5 3.9 -2.0
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.5 58 22 8.8 +2.9
EDEN iShares MSCI Denmark ETF 1.5 53 27 7.1 +1.2
ICLN iShares Global Clean Energy ETF 1.5 41 39 5.1 -0.7
NORW Global X MSCI Norway ETF 1.4 50 30 10.3 +4.5
ENOR iShares MSCI Norway ETF 1.4 53 27 10.6 +4.8
SAGP Strategas Global Policy Opportunities ETF 1.4 65 15 5.4 -0.5
IMOM Alpha Architect International Quantitative Momentum ETF 1.4 49 31 3.2 -2.7
CGXU Capital Group International Focus Equity ETF 1.4 54 26 5.5 -0.4
TEMP JPMorgan Climate Change Solutions ETF 1.4 49 31 5.8 -0.0
TMFG Motley Fool Global Opportunities ETF 1.4 85 -5 3.9 -1.9
BCDF Horizon Kinetics Blockchain Development ETF 1.3 85 -5 4.1 -1.7
DISV Dimensional International Small Cap Value ETF 1.3 42 38 8.9 +3.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.3 49 31 6.7 +0.9
GINN Goldman Sachs Innovate Equity ETF 1.3 52 28 3.6 -2.2
DTEC ALPS Disruptive Technologies ETF 1.3 50 30 3.9 -1.9
AGQI First Trust Active Global Quality Income ETF 1.3 85 -5 4.8 -1.0
FTAG First Trust Indxx Global Agriculture ETF 1.2 70 10 8.3 +2.5
MOO VanEck Agribusiness ETF 1.2 53 27 10.4 +4.6
IDNA iShares Genomics Immunology and Healthcare ETF 1.2 47 33 -2.1 -8.0
ANEW ProShares MSCI Transformational Changes ETF 1.2 45 35 6.1 +0.2
SUPL ProShares Supply Chain Logistics ETF 1.1 58 22 11.9 +6.1
SHPP Pacer Industrials and Logistics ETF 1.1 60 20 8.7 +2.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.1 95 -15 11.5 +5.7
BETZ Roundhill Sports Betting & iGaming ETF 1.0 75 5 2.7 -3.2
FDFF Fidelity Disruptive Finance ETF 1.0 50 30 4.3 -1.5
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 45 4.2 -1.6
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.0 60 20 4.6 -1.2
BLDG Cambria Global Real Estate ETF 1.0 60 20 11.4 +5.6
CUT Invesco MSCI Global Timber ETF 1.0 61 19 10.5 +4.6
WOOD iShares Global Timber & Forestry ETF 1.0 42 38 12.2 +6.3
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.0 20 60 4.4 -1.4
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.9 56 24 0.3 -5.6
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.9 58 22 4.2 -1.6
HGRO Hedgeye Quality Growth ETF 0.9 70 10 3.3 -2.5
DFIS Dimensional International Small Cap ETF 0.9 39 41 7.2 +1.4
VEGI iShares MSCI Agriculture Producers ETF 0.9 39 41 8.7 +2.9
HART IQ Healthy Hearts ETF 0.9 45 35 6.7 +0.8
AGNG Global X Aging Population ETF 0.9 50 30 4.9 -1.0
MEM Matthews Emerging Markets Equity Active ETF 0.7 79 1 7.7 +1.8
WDNA WisdomTree BioRevolution Fund 0.7 45 35 -1.4 -7.2
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.7 45 35 4.0 -1.8
BITQ Bitwise Crypto Industry Innovators ETF 0.7 85 -5 -2.4 -8.2
DFNL Davis Select Financial ETF 0.7 63 17 7.4 +1.6
DINT Davis Select International ETF 0.7 55 25 7.9 +2.0
BLOK Amplify Transformational Data Sharing ETF 0.7 75 5 -0.4 -6.2
RITA ETFB Green SRI REITs ETF 0.7 50 30 5.9 +0.1
OAIM OneAscent International Equity ETF 0.7 95 -15 5.6 -0.2
TOLL Tema Durable Quality ETF 0.7 75 5 5.1 -0.7
GSIB Themes Global Systemically Important Banks ETF 0.7 35 45 9.0 +3.1
IPAV Global X Infrastructure Development ex-U.S. ETF 0.7 55 25 7.6 +1.8
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.7 79 1 4.9 -0.9
VOLT Tema Electrification ETF 0.7 75 5 2.8 -3.0
PICK iShares MSCI Global Metals & Mining Producers ETF 0.7 39 41 12.3 +6.5
IBAT iShares Energy Storage & Materials ETF 0.6 47 33 3.6 -2.2
RSHO Tema American Reshoring ETF 0.6 75 5 4.5 -1.3
FDRR Fidelity Dividend ETF for Rising Rates 0.6 15 65 7.0 +1.1
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.6 68 12 2.4 -3.4
EIRL iShares MSCI Ireland ETF 0.6 50 30 8.6 +2.8
BMED Future Health ETF 0.6 85 -5 0.5 -5.4
FDHT Fidelity Digital Health ETF 0.6 39 41 0.8 -5.0
FBCV Fidelity Blue Chip Value ETF 0.6 59 21 7.4 +1.5
PBD Invesco Global Clean Energy ETF 0.6 75 5 -0.3 -6.2
GDOC Goldman Sachs Future Health Care Equity ETF 0.6 75 5 2.8 -3.0
FFLC Fidelity Fundamental Large Cap Core ETF 0.5 38 42 4.5 -1.3
FINE Themes European Luxury ETF 0.5 35 45 3.6 -2.2
CGUS Capital Group Core Equity ETF 0.5 33 47 4.3 -1.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.5 50 30 10.8 +4.9
FTRI First Trust Indxx Global Natural Resources Income ETF 0.5 70 10 7.4 +1.6
SYNB Putnam BioRevolution ETF 0.5 70 10 2.9 -2.9
RNRG Global X Renewable Energy Producers ETF 0.4 66 14 1.4 -4.4
ENZL iShares MSCI New Zealand ETF 0.4 50 30 3.7 -2.2
FVD First Trust Value Line Dividend Index Fund 0.4 65 15 6.3 +0.4
PAWZ ProShares Pet Care ETF 0.4 50 30 3.8 -2.0
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.4 61 19 1.4 -4.5
RXI iShares Global Consumer Discretionary ETF 0.4 41 39 9.1 +3.3
PCGG Polen Capital Global Growth ETF 0.4 85 -5 3.8 -2.1
XT iShares Exponential Technologies ETF 0.4 46 34 4.9 -0.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.4 15 65 7.8 +1.9
EFRA iShares Environmental Infrastructure and Industrials ETF 0.4 47 33 5.2 -0.6
FDNI First Trust Dow Jones International Internet ETF 0.4 65 15 20.2 +14.4
AIQ Global X Artificial Intelligence & Technology ETF 0.3 68 12 3.7 -2.1
SCJ iShares MSCI Japan Small-Cap ETF 0.3 50 30 6.4 +0.6
ABLG Abacus FCF International Leaders ETF 0.3 59 21 6.9 +1.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.3 39 41 16.0 +10.1
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 55 11.5 +5.6
AVDV Avantis International Small Cap Value ETF 0.3 36 44 9.3 +3.5
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 60 4.1 -1.7
OGIG ALPS O'Shares Global Internet Giants ETF 0.3 48 32 1.5 -4.3
BUG Global X Cybersecurity ETF 0.3 51 29 2.4 -3.5
AADR AdvisorShares Dorsey Wright ADR ETF 0.3 110 -30 4.7 -1.1
JOET Virtus Terranova US Quality Momentum ETF 0.3 29 51 4.7 -1.2
QLC FlexShares US Quality Large Cap Index Fund 0.3 25 55 5.3 -0.6
QLV FlexShares US Quality Low Volatility Index Fund 0.3 22 58 5.6 -0.3
TMAT Main Thematic Innovation ETF 0.3 164 -84 -1.5 -7.3
WCBR WisdomTree Cybersecurity Fund 0.3 45 35 1.8 -4.0
IZRL ARK Israel Innovative Technology ETF 0.3 49 31 1.1 -4.7
CIBR First Trust NASDAQ Cybersecurity ETF 0.3 60 20 4.0 -1.8
RJMG FT Raymond James Multicap Growth Equity ETF 0.3 85 -5 2.0 -3.9
ISRA VanEck Israel ETF 0.3 59 21 7.2 +1.4
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.3 20 60 4.6 -1.3
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.3 15 65 4.6 -1.2
EIS iShares MSCI Israel ETF 0.3 58 22 7.8 +2.0
IHAK iShares Cybersecurity & Tech ETF 0.3 47 33 4.1 -1.8
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.3 40 40 3.7 -2.1
THRO iShares U.S. Thematic Rotation Active ETF 0.3 90 -10 4.0 -1.9
FITE SPDR S&P Kensho Future Security ETF 0.3 45 35 1.6 -4.2
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.3 12 68 5.8 -0.1
XITK SPDR FactSet Innovative Technology ETF 0.3 45 35 -0.3 -6.1
HACK ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund 0.3 60 20 3.4 -2.4
ITEQ BlueStar Israel Technology ETF 0.3 75 5 1.7 -4.2
TRFK Pacer Data and Digital Revolution ETF 0.3 60 20 2.9 -2.9
PRAY FIS Christian Stock Fund 0.3 69 11 5.1 -0.7
SPAM Themes Cybersecurity ETF 0.3 35 45 2.0 -3.8
CLOD Themes Cloud Computing ETF 0.3 35 45 3.2 -2.7
BEEX BeeHive ETF 0.3 84 -4 4.2 -1.6
LST Leuthold Select Industries ETF 0.3 91 -11 5.0 -0.9
APIE ActivePassive International Equity ETF 0.2 45 35 7.4 +1.6
QQQ Invesco QQQ Trust Series I 0.2 20 60 4.0 -1.8
QQQM Invesco NASDAQ 100 ETF 0.2 15 65 4.1 -1.8
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.2 49 31 3.7 -2.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 59 3.7 -2.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 44 9.6 +3.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 65 10.0 +4.2
SCZ iShares MSCI EAFE Small-Cap ETF 0.2 40 40 6.8 +1.0
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 31 15.3 +9.5
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 69 9.8 +4.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 21 8.7 +2.8
IBLC iShares Blockchain and Tech ETF 0.2 47 33 -2.8 -8.6
IEUS iShares MSCI Europe Small-Cap ETF 0.2 42 38 7.3 +1.4
FDVV Fidelity High Dividend ETF 0.2 15 65 7.6 +1.7
IXN iShares Global Tech ETF 0.1 41 39 3.6 -2.3
KOMP SPDR S&P Kensho New Economies Composite ETF 0.1 20 60 2.5 -3.3
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 48 4.9 -0.9
RVRB Reverb ETF 0.1 30 50 4.5 -1.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 47 9.8 +4.0
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 45 5.1 -0.8
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 41 6.7 +0.9
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 71 4.7 -1.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 First Trust Horizon Managed Volatility Developed Intl ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.0 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.66 CATEGORY
AVERAGE		 1.63
 
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.