First Trust Index Digital Transaction & Process Technology ETF
ALTAR
Score™
7.1% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
16.9x P/Sales
ratio
1.5x
P/BV
ratio
1.5x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust Indxx Innovative Transaction & Process ETF, seeks investment results that correspond generally to the price and yield, before fees and expenses, of an index called the Indxx Blockchain Index.

FUND BASICS
Category Global Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Jan 25, 2018
Assets (mns) $38
Currency USD
Expense ratio 65 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 98
Wgt avg mkt cap (mns) $142,313
Large cap (>$10bn) 98.5%
Mid cap ($2-10bn) 1.4%
Small cap (<$2bn) 0.1%
Developed mkts 79.4%
Emerging mkts 20.6%

TOP TEN HOLDINGS
NVIDIA CORP 2.4 %
AMAZON.COM INC 2.3 %
PAYPAL HOLDINGS INC 2.3 %
JD.COM INC-ADR 2.1 %
MICROSOFT CORP 1.9 %
LM ERICSSON TELEFON AB CLASS B 1.9 %
WORLDLINE SA 1.9 %
ACCENTURE PLC-CL A 1.8 %
ORACLE CORP 1.8 %
XILINX INC 1.8 %
Total 20.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 35.8 %
CHINA 8.4 %
FRANCE 6.1 %
INDIA 6.0 %
SWITZERLAND 5.2 %
JAPAN 4.9 %
BRITAIN 3.5 %
GERMANY 3.4 %
SOUTH KOREA 2.9 %
SPAIN 2.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.6% -0.4% -- -- 0.7%

Market Correlations
versus... Beta R-squared
S&P500 0.98 92%
MSCI EAFE 1.05 90%
MSCI Emg. Mkts. 0.82 81%

Technical Indicators
Recent close $30.51
30d moving avg. $29.72
Annualized volatility 18.9%
Short interest (ETF) 0.1%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.4%
Bid/Ask (% of price) 0.43%
ADV underlying (mns) $76,000

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Index Digital Transaction & Process Technology ETF ETF based on the alternatives' overlap in portfolio holdings with LEGR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: LEGR Expense: 65 bp ALTAR Score™: 7.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH LEGR
Ticker Fund
Name
Overlap1
vs LEGR
(%)
Expense
ratio
(bp)
Savings
vs LEGR
(bp)
ALTAR
Score™
(%)
ALTAR
vs LEGR
(%)
BLCN Reality Shares Nasdaq NextGen Economy ETF 38.4 68 -3 3.8 -3.3
KOIN Innovation Shares NextGen Protocol ETF 29.7 95 -30 4.3 -2.8
BLOK Amplify Transformational Data Sharing ETF 25.7 70 -5 4.5 -2.6
XNTK SPDR NYSE Technology ETF 25.2 35 30 3.4 -3.6
GDAT Goldman Sachs Motif Data-Driven World Etf 24.0 50 15 4.8 -2.3
NXTG First Trust Indxx NextG ETF 21.9 70 -5 6.1 -1.0
DGT SPDR Global Dow ETF 21.8 50 15 6.7 -0.4
RYT Invesco S&P 500 Equal Weight Technology ETF 21.8 40 25 6.7 -0.4
AIQ Global X Future Analytics Tech ETF 21.3 68 -3 3.7 -3.3
IXN iShares Global Tech ETF 20.7 46 19 4.4 -2.7
XLK Technology Select Sector SPDR Fund 20.2 13 52 4.6 -2.4
IGM iShares Expanded Tech Sector ETF 20.1 46 19 3.7 -3.4
FTEC Fidelity MSCI Information Technology Index ETF 19.2 8 57 4.5 -2.6
QTUM Defiance Quantum ETF 19.2 40 25 5.6 -1.4
VGT Vanguard Information Technology Index Fund 19.2 10 55 4.5 -2.6
EQWL Invesco Russell Top 200 Equal Weight ETF 19.0 25 40 6.1 -1.0
IETC iShares Evolved U.S. Technology ETF 18.9 18 47 3.7 -3.4
OEF iShares S&P 100 ETF 18.5 20 45 4.7 -2.4
TECB iShares US Tech Breakthrough Multisector ETF 18.4 40 25 3.9 -3.2
ESG FlexShares STOXX US ESG Impact Index Fund 18.1 32 33 5.0 -2.1
DRIV Global X Autonomous & Electric Vehicles ETF 17.9 68 -3 5.3 -1.7
XLG Invesco S&P 500 Top 50 ETF 17.8 20 45 4.4 -2.7
SPXV ProShares S&P 500 Ex-Health Care ETF 17.7 27 38 4.9 -2.1
ESGG FlexShares STOXX Global ESG Impact Index Fund 17.3 42 23 5.4 -1.7
IWL iShares Russell Top 200 ETF 17.3 15 50 5.0 -2.1
VEGN US Vegan Climate ETF 17.3 60 5 5.1 -2.0
THNQ ROBO Global Artificial Intelligence ETF 17.3 68 -3 1.8 -5.3
BKLC BNY Mellon US Large Cap Core Equity ETF 17.2 0 65 5.2 -1.9
FMK First Trust Mega Cap AlphaDEX Fund 17.0 70 -5 5.1 -2.0
GVIP Goldman Sachs Hedge Industry VIP ETF 17.0 45 20 4.6 -2.5
MGC Vanguard Mega Cap Index Fund 17.0 7 58 5.2 -1.9
JHMT John Hancock Multifactor Technology ETF 16.9 40 25 4.8 -2.2
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 16.5 57 8 4.8 -2.3
EPS WisdomTree U.S. Earnings 500 Fund 16.5 8 57 6.5 -0.6
SPXE ProShares S&P 500 Ex-Energy ETF 16.5 27 38 5.3 -1.8
PBP Invesco S&P 500 BuyWrite ETF 16.4 49 16 5.0 -2.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 16.4 9 56 5.9 -1.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 16.4 20 45 5.3 -1.8
RDVY First Trust Rising Dividend Achievers ETF 16.4 50 15 7.9 +0.9
HSPX Global X S&P 500 Covered Call ETF 16.3 65 0 4.9 -2.2
VOO VANGUARD S&P 500 ETF 16.2 3 62 5.4 -1.7
SPY SPDR S&P 500 ETF Trust 16.2 9 56 5.3 -1.8
SPLG SPDR Portfolio Large Cap ETF 16.2 3 62 5.4 -1.7
IVV iShares Core S&P 500 ETF 16.2 4 61 5.4 -1.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 16.2 20 45 4.9 -2.2
TDV ProShares S&P Technology Dividend Aristocrats ETF 16.1 45 20 4.7 -2.3
LOWC SPDR MSCI ACWI Low Carbon Target ETF 16.1 20 45 6.0 -1.1
NULC Nuveen ESG Large-Cap ETF 16.0 20 45 4.9 -2.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 15.9 20 45 6.1 -1.0
TOK iShares MSCI Kokusai ETF 15.9 25 40 5.5 -1.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 15.9 7 58 5.2 -1.9
KOKU Xtrackers MSCI Kokusai Equity ETF 15.9 9 56 5.7 -1.4
ESGU iShares MSCI USA ESG Optimized ETF 15.8 15 50 5.1 -2.0
VV Vanguard Large-Cap Index Fund 15.8 4 61 5.2 -1.9
IQSU IQ Candriam ESG US Equity ETF 15.8 9 56 5.0 -2.1
ACWI iShares MSCI ACWI ETF 15.7 32 33 5.8 -1.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 15.7 2 63 5.3 -1.8
IXG iShares Global Financials ETF 15.7 46 19 9.9 +2.8
XT iShares Exponential Technologies ETF 15.6 47 18 5.0 -2.1
PBUS Invesco PureBeta MSCI USA ETF 15.6 4 61 5.2 -1.9
QUS SPDR MSCI USA StrategicFactors ETF 15.5 15 50 5.8 -1.2
SCHX Schwab U.S. Large-Cap ETF 15.4 3 62 5.2 -1.8
SPTM SPDR Portfolio Total Stock Market ETF 15.4 3 62 5.5 -1.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 15.4 15 50 6.2 -0.9
SPXN ProShares S&P 500 Ex-Financials ETF 15.3 27 38 4.9 -2.2
RFDA RiverFront Dynamic US Dividend Advantage ETF 15.3 52 13 5.0 -2.1
URTH iShares MSCI World ETF 15.3 24 41 5.6 -1.5
QLC FlexShares US Quality Large Cap Index Fund 15.3 32 33 5.3 -1.7
SFY SoFi Select 500 ETF 15.2 0 65 5.2 -1.9
CATH Global X S&P 500 Catholic Values Custom ETF 15.2 29 36 5.2 -1.9
NACP Impact Shares NAACP Minority Empowerment ETF 15.2 75 -10 4.5 -2.6
SCHK Schwab 1000 Index ETF 15.1 5 60 5.2 -1.8
VONE Vanguard Russell 1000 ETF 15.1 8 57 5.2 -1.9
ESGV Vanguard ESG U.S. Stock ETF 15.1 12 53 5.1 -2.0
DIVB iShares U.S. Dividend & Buyback ETF 15.1 25 40 6.6 -0.4
RAFE PIMCO RAFI ESG U.S. ETF 15.1 29 36 7.8 +0.8
IYY iShares Dow Jones U.S. ETF 15.1 20 45 5.1 -1.9
IWB iShares Russell 1000 ETF 15.0 15 50 5.1 -1.9
SNPE Xtrackers S&P 500 ESG ETF 15.0 11 54 5.0 -2.0
QYLD Global X NASDAQ 100 Covered Call ETF 14.9 60 5 3.5 -3.6
NUSI Nationwide Risk-Managed Income ETF 14.9 68 -3 3.4 -3.7
SCHB Schwab U.S. Broad Market ETF 14.7 3 62 5.2 -1.9
IYW iShares U.S. Technology ETF 14.7 42 23 3.9 -3.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 14.7 12 53 4.7 -2.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 14.7 3 62 5.1 -1.9
FLLV Franklin Liberty U.S. Low Volatility ETF 14.6 29 36 5.8 -1.2
VTI Vanguard Total Stock Market Index Fund 14.6 3 62 5.1 -1.9
VTHR Vanguard Russell 3000 Index Fund 14.6 10 55 5.1 -2.0
VT Vanguard Total World Stock Index Fund 14.6 8 57 6.1 -0.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 14.6 12 53 4.9 -2.2
FVAL Fidelity Value Factor ETF 14.6 29 36 8.0 +1.0
IWV iShares Russell 3000 ETF 14.6 20 45 5.0 -2.1
DSI iShares MSCI KLD 400 Social ETF 14.6 25 40 5.1 -2.0
DEF Invesco Defensive Equity ETF 14.5 55 10 5.1 -2.0
QQQ Invesco QQQ Trust 14.5 20 45 3.7 -3.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 14.5 9 56 5.5 -1.6
JQUA JPMorgan U.S. Quality Factor ETF 14.4 12 53 5.2 -1.9
RFFC RiverFront Dynamic US Flex-Cap ETF 14.4 52 13 4.7 -2.4
VGFO Virtus WMC Global Factor Opportunities ETF 14.3 49 16 5.9 -1.2
TDIV First Trust NASDAQ Technology Dividend Index Fund 14.3 50 15 5.7 -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

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
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 Index Digital Transaction & Process Technology ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.1 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 7.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.50
 
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.