First Trust Index Digital Transaction & Process Technology ETF
ALTAR
Score™
9.8% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
13.7x P/Sales
ratio
1.2x
P/BV
ratio
1.1x Div.
yield
3.1%


  • 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) $44
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) $140,675
Large cap (>$10bn) 99.2%
Mid cap ($2-10bn) 0.8%
Small cap (<$2bn) 0.0%
Developed mkts 76.9%
Emerging mkts 23.1%

TOP TEN HOLDINGS
INFOSYS TECHNOLOGIES-SP ADR 1.7 %
XILINX INC 1.7 %
TATA CONSULTANCY SVS LTD 1.6 %
MICRON TECHNOLOGY INC 1.6 %
ALIBABA GROUP HOLDING LTD. SPONSOR 1.6 %
NVIDIA CORP 1.6 %
COGNIZANT TECH SOLUTIONS-A 1.6 %
TEXAS INSTRUMENTS INC 1.5 %
INTEL CORP 1.5 %
TAIWAN SEMICONDUCTOR-SP ADR 1.5 %
Total 15.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 31.7 %
CHINA 10.7 %
INDIA 7.4 %
FRANCE 6.0 %
JAPAN 5.0 %
SWITZERLAND 4.9 %
BRITAIN 4.4 %
SPAIN 4.2 %
SOUTH KOREA 3.1 %
GERMANY 3.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-1.1% 8.1% -- -- 3.2%

Market Correlations
versus... Beta R-squared
S&P500 0.98 93%
MSCI EAFE 1.06 90%
MSCI Emg. Mkts. 0.81 80%

Technical Indicators
Recent close $32.32
30d moving avg. $31.80
Annualized volatility 18.8%
Short interest (ETF) 0.1%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.4%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $72,581

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™: 9.8%


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 37.9 68 -3 5.5 -4.4
KOIN Innovation Shares NextGen Protocol ETF 26.8 95 -30 4.4 -5.5
DGT SPDR Global Dow ETF 22.8 50 15 7.3 -2.6
GDAT Goldman Sachs Motif Data-Driven World Etf 21.5 50 15 4.6 -5.2
XNTK SPDR NYSE Technology ETF 21.2 35 30 3.4 -6.4
BLOK Amplify Transformational Data Sharing ETF 20.7 70 -5 4.3 -5.5
NXTG First Trust Indxx NextG ETF 19.9 70 -5 5.9 -4.0
RYT Invesco S&P 500 Equal Weight Technology ETF 19.5 40 25 6.5 -3.3
QTUM Defiance Quantum ETF 19.4 40 25 5.5 -4.4
EQWL Invesco Russell Top 200 Equal Weight ETF 18.8 25 40 6.1 -3.7
IXN iShares Global Tech ETF 18.8 46 19 4.3 -5.6
AIQ Global X Future Analytics Tech ETF 17.9 68 -3 4.0 -5.9
XLK Technology Select Sector SPDR Fund 17.6 13 52 4.6 -5.2
IGM iShares Expanded Tech Sector ETF 17.3 46 19 3.7 -6.2
OEF iShares S&P 100 ETF 17.0 20 45 4.6 -5.2
IXG iShares Global Financials ETF 16.8 46 19 10.1 +0.3
FTEC Fidelity MSCI Information Technology Index ETF 16.7 8 57 4.3 -5.5
VGT Vanguard Information Technology Index Fund 16.6 10 55 4.3 -5.5
THNQ ROBO Global Artificial Intelligence ETF 16.6 68 -3 1.6 -8.3
IETC iShares Evolved U.S. Technology ETF 16.6 18 47 3.7 -6.1
SPXV ProShares S&P 500 Ex-Health Care ETF 16.4 27 38 4.8 -5.0
XLG Invesco S&P 500 Top 50 ETF 16.1 20 45 4.3 -5.5
BKLC BNY Mellon US Large Cap Core Equity ETF 16.1 0 65 4.9 -4.9
VEGN US Vegan Climate ETF 16.1 60 5 4.9 -4.9
IWL iShares Russell Top 200 ETF 16.0 15 50 4.8 -5.1
TECB iShares US Tech Breakthrough Multisector ETF 16.0 40 25 3.9 -6.0
MGC Vanguard Mega Cap Index Fund 15.8 7 58 5.0 -4.9
GVIP Goldman Sachs Hedge Industry VIP ETF 15.8 45 20 3.7 -6.2
ESG FlexShares STOXX US ESG Impact Index Fund 15.6 32 33 5.0 -4.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 15.5 9 56 5.8 -4.1
XT iShares Exponential Technologies ETF 15.5 47 18 4.8 -5.0
EPS WisdomTree U.S. Earnings 500 Fund 15.5 8 57 6.3 -3.6
HSPX Global X S&P 500 Covered Call ETF 15.4 60 5 4.8 -5.1
PBP Invesco S&P 500 BuyWrite ETF 15.4 49 16 4.8 -5.0
ESGG FlexShares STOXX Global ESG Impact Index Fund 15.3 42 23 5.1 -4.7
FLLV Franklin Liberty U.S. Low Volatility ETF 15.3 29 36 5.4 -4.5
FMK First Trust Mega Cap AlphaDEX Fund 15.2 70 -5 4.4 -5.4
FVAL Fidelity Value Factor ETF 15.1 29 36 7.6 -2.3
SPXE ProShares S&P 500 Ex-Energy ETF 15.1 27 38 5.1 -4.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 15.1 20 45 5.1 -4.7
QUS SPDR MSCI USA StrategicFactors ETF 15.1 15 50 5.7 -4.1
RFDA RiverFront Dynamic US Dividend Advantage ETF 15.1 52 13 4.9 -4.9
XYLG Global X S&P 500 Covered Call & Growth ETF 15.0 60 5 4.8 -5.0
LOWC SPDR MSCI ACWI Low Carbon Target ETF 15.0 20 45 5.9 -3.9
SPY SPDR S&P 500 ETF Trust 15.0 9 56 5.1 -4.7
IVV iShares Core S&P 500 ETF 15.0 3 62 5.2 -4.6
NACP Impact Shares NAACP Minority Empowerment ETF 15.0 75 -10 4.7 -5.2
SPLG SPDR Portfolio Large Cap ETF 15.0 3 62 5.2 -4.6
SPQQ Siren Large Cap Blend Index ETF 14.9 20 45 4.7 -5.1
RDVY First Trust Rising Dividend Achievers ETF 14.9 50 15 7.7 -2.1
VOO VANGUARD S&P 500 ETF 14.8 3 62 5.2 -4.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 14.8 20 45 4.8 -5.1
JHMT John Hancock Multifactor Technology ETF 14.8 40 25 4.6 -5.2
ESGU iShares MSCI USA ESG Optimized ETF 14.7 15 50 4.9 -5.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 14.7 30 35 6.4 -3.4
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 14.7 57 8 5.0 -4.9
ESGV Vanguard ESG U.S. Stock ETF 14.7 12 53 4.9 -4.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 14.7 20 45 5.9 -3.9
KOKU Xtrackers MSCI Kokusai Equity ETF 14.6 9 56 5.5 -4.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 14.6 7 58 5.0 -4.8
TOK iShares MSCI Kokusai ETF 14.6 25 40 5.4 -4.4
ACWI iShares MSCI ACWI ETF 14.5 32 33 5.7 -4.2
DIVB iShares U.S. Dividend & Buyback ETF 14.5 25 40 6.7 -3.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 14.4 2 63 5.1 -4.8
IQSU IQ Candriam ESG US Equity ETF 14.3 9 56 4.9 -4.9
PBUS Invesco PureBeta MSCI USA ETF 14.3 4 61 5.0 -4.8
RAFE PIMCO RAFI ESG U.S. ETF 14.2 29 36 7.6 -2.3
VV Vanguard Large-Cap Index Fund 14.2 4 61 5.0 -4.8
SPTM SPDR Portfolio Total Stock Market ETF 14.2 3 62 5.3 -4.5
SPXN ProShares S&P 500 Ex-Financials ETF 14.1 27 38 4.8 -5.1
DRIV Global X Autonomous & Electric Vehicles ETF 14.1 68 -3 5.9 -4.0
SCHX Schwab U.S. Large-Cap ETF 14.0 3 62 5.0 -4.9
CATH Global X S&P 500 Catholic Values Custom ETF 14.0 29 36 5.0 -4.9
URTH iShares MSCI World ETF 13.9 24 41 5.5 -4.3
DSI iShares MSCI KLD 400 Social ETF 13.9 25 40 5.0 -4.9
SFY SoFi Select 500 ETF 13.8 0 65 4.9 -4.9
SNPE Xtrackers S&P 500 ESG ETF 13.8 10 55 4.9 -4.9
EFIV SPDR S&P 500 ESG ETF 13.8 10 55 4.9 -4.9
SCHK Schwab 1000 Index ETF 13.8 5 60 5.0 -4.8
IWB iShares Russell 1000 ETF 13.8 15 50 4.9 -4.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 13.7 9 56 5.4 -4.5
IYY iShares Dow Jones U.S. ETF 13.7 20 45 4.9 -5.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 13.7 15 50 6.0 -3.9
XOUT GraniteShares XOUT U.S. Large Cap ETF 13.7 60 5 4.0 -5.9
JQUA JPMorgan U.S. Quality Factor ETF 13.6 12 53 5.2 -4.6
VONE Vanguard Russell 1000 ETF 13.6 8 57 5.0 -4.9
NULC Nuveen ESG Large-Cap ETF 13.5 20 45 4.9 -4.9
VTHR Vanguard Russell 3000 Index Fund 13.4 10 55 4.8 -5.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 13.4 12 53 4.5 -5.3
SCHB Schwab U.S. Broad Market ETF 13.3 3 62 4.9 -4.9
QWLD SPDR MSCI World StrategicFactors ETF 13.3 30 35 6.0 -3.8
IWV iShares Russell 3000 ETF 13.3 20 45 4.8 -5.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 13.3 3 62 4.9 -5.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 13.2 25 40 6.6 -3.3
VT Vanguard Total World Stock Index Fund 13.2 8 57 6.0 -3.9
FLQL Franklin LibertyQ U.S. Equity ETF 13.1 15 50 6.0 -3.8
IYW iShares U.S. Technology ETF 13.1 43 22 3.8 -6.1
IOO iShares Global 100 ETF 13.0 40 25 4.7 -5.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 13.0 59 6 4.2 -5.7
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 13.0 35 30 4.4 -5.4

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:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.0 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 9.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.49
 
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.