First Trust India NIFTY 50 Equal Weight ETF
ALTAR
Score™		 5.1% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 19.7x P/Sales
ratio		 1.8x
P/BV
ratio		 3.1x Div.
yield		 2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust India NIFTY 50 Equal Weight ETF tracks an index of the 50 largest and most liquid Indian equity securities, equally weighted.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Feb 14, 2012
Assets (mns) $109
Currency USD
Expense ratio 80 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 52
Wgt avg mkt cap (mns) $37,486
Large cap (>$10bn) 91.9%
Mid cap ($2-10bn) 8.1%
Small cap (<$2bn) 0.0%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
ZOMATO LTD. 2.5 %
BAJAJ AUTO LIMITED 2.4 %
HCL TECHNOLOGIES LTD 2.3 %
TITAN INDUSTRIES LIMITED 2.3 %
TATA MOTORS LTD 2.2 %
TATA TEA LTD 2.1 %
TATA CONSULTANCY SVS LTD 2.1 %
TECH MAHINDRA LTD 2.1 %
JSW STEEL LIMITED 2.1 %
BAJAJ FINANCE LTD 2.1 %
Total 22.3 %

TOP COUNTRY EXPOSURE
INDIA 94.8 %










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.
-6.6% -3.0% 4.3% 7.4% 6.0%

Market Correlations
versus... Beta R-squared
S&P500 0.63 30%
MSCI EAFE 0.55 34%
MSCI Emg. Mkts. 0.32 28%

Technical Indicators
Recent close $53.21
30d moving avg. $54.09
Annualized volatility 13.8%
Short interest (ETF) 3.6%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 21
Turnover 1.0%
Bid/Ask (% of price) 0.85%
ADV underlying (mns) $503

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 130 potential alternatives to the First Trust India NIFTY 50 Equal Weight ETF ETF based on the alternatives' overlap in portfolio holdings with NFTY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: NFTY Expense: 80 bp ALTAR Score™: 5.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH NFTY
Ticker Fund
Name		 Overlap1
vs NFTY
(%)		 Expense
ratio
(bp)		 Savings
vs NFTY
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs NFTY
(%)
INDA iShares MSCI India ETF 44.1 65 15 4.7 -0.4
FLIN Franklin FTSE India ETF 35.1 19 61 4.2 -0.9
EPI WisdomTree India Earnings Fund 33.9 85 -5 5.2 +0.2
NDIA Global X India Active ETF 31.5 75 5 5.2 +0.2
INCO Columbia India Consumer ETF 24.8 75 5 2.1 -2.9
PIN Invesco India ETF 24.5 78 2 5.4 +0.4
RNEM First Trust Emerging Markets Equity Select ETF 23.5 75 5 7.8 +2.8
BKF iShares MSCI BIC ETF 18.3 69 11 15.0 +10.0
XC WisdomTree Emerging Markets Ex-China Fund 16.0 32 48 6.4 +1.4
EMDM First Trust Bloomberg Emerging Market Democracies ETF 12.3 75 5 6.0 +0.9
STXE Strive Emerging Markets Ex-China ETF 11.8 32 48 5.0 -0.1
VEXC Vanguard Emerging Markets Ex-China ETF 11.4 7 73 5.5 +0.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 11.2 95 -15 9.4 +4.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 10.6 25 55 5.8 +0.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 10.0 24 56 4.9 -0.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 9.9 40 40 6.0 +0.9
IPAV Global X Infrastructure Development ex-U.S. ETF 9.8 55 25 5.9 +0.8
XCNY SPDR S&P Emerging Markets ex-China ETF 9.7 15 65 5.5 +0.4
GLIN VanEck India Growth Leaders ETF 9.5 77 3 5.5 +0.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 8.8 35 45 9.8 +4.8
EEMA iShares MSCI Emerging Markets Asia ETF 8.5 49 31 7.3 +2.2
EMXC iShares MSCI Emerging Markets ex China ETF 8.4 25 55 4.8 -0.2
EMC Global X Emerging Markets Great Consumer ETF 7.8 75 5 7.0 +2.0
JHEM John Hancock Multifactor Emerging Markets ETF 7.7 49 31 7.3 +2.2
NUEM Nuveen ESG Emerging Markets Equity ETF 7.7 36 44 5.7 +0.6
VWO Vanguard FTSE Emerging Markets ETF 7.6 7 73 9.0 +3.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 7.5 32 48 4.5 -0.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 7.5 70 10 6.7 +1.6
SCHE Schwab Emerging Markets Equity ETF 7.5 11 69 9.2 +4.2
GMF SPDR S&P Emerging Asia Pacific ETF 7.0 49 31 8.5 +3.4
LDEM iShares ESG MSCI EM Leaders ETF 6.9 17 63 12.5 +7.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 6.9 30 50 7.3 +2.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 6.9 39 41 13.0 +8.0
ECON Columbia Emerging Markets Consumer ETF 6.8 49 31 6.3 +1.2
FLAX Franklin FTSE Asia Ex Japan ETF 6.8 19 61 6.9 +1.9
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 6.7 69 11 7.5 +2.5
EEM iShares MSCI Emerging Markets ETF 6.7 69 11 7.6 +2.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 6.5 15 65 7.8 +2.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 6.0 32 48 7.4 +2.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 5.9 30 50 7.7 +2.6
IEMG iShares Core MSCI Emerging Markets ETF 5.9 9 71 8.0 +2.9
BKEM BNY Mellon Emerging Markets Equity ETF 5.9 11 69 23.6 +18.6
PXH Invesco FTSE RAFI Emerging Markets ETF 5.9 49 31 12.9 +7.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 5.7 36 44 7.4 +2.3
EMGF iShares Emerging Markets Equity Factor ETF 5.7 25 55 8.6 +3.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 5.7 66 14 7.3 +2.2
ROAM Hartford Multifactor Emerging Markets ETF 5.6 44 36 7.3 +2.2
EMXF iShares ESG Advanced MSCI EM ETF 5.5 16 64 6.4 +1.4
ESGE iShares ESG Aware MSCI EM ETF 5.5 25 55 7.9 +2.9
SPEM SPDR Portfolio Emerging Markets ETF 5.5 7 73 9.3 +4.2
EMMF WisdomTree Emerging Markets Multifactor Fund 5.4 48 32 8.3 +3.3
DFEV Dimensional Emerging Markets Value ETF 5.0 43 37 8.9 +3.9
AVXC Avantis Emerging Markets Ex-China Equity ETF 4.9 33 47 5.9 +0.8
NXTG First Trust Indxx NextG ETF 4.8 70 10 3.5 -1.6
XCEM Columbia EM Core ex-China ETF 4.7 16 64 4.7 -0.3
DFAE Dimensional Emerging Core Equity Market ETF 4.6 35 45 6.7 +1.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 4.6 15 65 8.7 +3.7
DGIN VanEck Digital India ETF 4.4 71 9 1.4 -3.7
FDEM Fidelity Emerging Markets Multifactor ETF 4.4 25 55 10.1 +5.1
DEHP Dimensional Emerging Markets High Profitability ETF 4.4 41 39 4.7 -0.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 4.3 44 36 9.1 +4.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 4.2 45 35 7.8 +2.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 4.1 88 -8 8.5 +3.4
AVEM Avantis Emerging Markets Equity ETF 4.1 33 47 6.8 +1.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 4.0 33 47 6.5 +1.5
JADE JPMorgan Active Developing Markets Equity ETF 4.0 65 15 5.8 +0.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.8 60 20 6.5 +1.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 3.6 45 35 9.4 +4.4
AVES Avantis Emerging Markets Value ETF 3.6 36 44 8.8 +3.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 3.5 38 42 6.8 +1.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.5 59 21 8.2 +3.1
SCHY Schwab International Dividend Equity ETF 3.4 14 66 8.4 +3.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 3.4 47 33 5.0 -0.1
DEXC Dimensional Emerging Markets ex China Core EquityETF 3.3 53 27 4.9 -0.2
EDIV SPDR S&P Emerging Markets Dividend ETF 3.2 49 31 8.9 +3.8
AVSE Avantis Responsible Emerging Markets Equity ETF 3.0 33 47 6.5 +1.4
ACWV iShares MSCI Global Min Vol Factor ETF 2.8 20 60 5.6 +0.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.7 41 39 6.7 +1.6
VIGI Vanguard International Dividend Appreciation ETF 2.7 10 70 5.9 +0.9
INQQ India Internet & Ecommerce ETF 2.5 86 -6 0.5 -4.5
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 2.5 86 -6 0.2 -4.8
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.5 65 15 7.1 +2.0
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 2.4 60 20 9.3 +4.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.3 50 30 7.8 +2.7
FEM First Trust Emerging Markets AlphaDEX Fund 2.2 80 0 8.4 +3.3
ACWX iShares MSCI ACWI ex U.S. ETF 2.2 34 46 6.2 +1.1
VEU Vanguard FTSE All-World ex-US Index Fund 2.2 4 76 6.5 +1.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.1 78 2 9.2 +4.1
PICK iShares MSCI Global Metals & Mining Producers ETF 2.1 39 41 7.5 +2.5
FTAG First Trust Indxx Global Agriculture ETF 2.0 70 10 6.6 +1.6
VXUS Vanguard Total International Stock ETF 2.0 5 75 6.4 +1.4
IXUS iShares Core MSCI Total International Stock ETF 1.9 7 73 6.4 +1.4
DEM WisdomTree Emerging Markets High Dividend Fund 1.9 63 17 9.8 +4.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.9 18 62 6.2 +1.1
CGXU Capital Group International Focus Equity ETF 1.8 54 26 3.6 -1.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.8 41 39 5.9 +0.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 1.7 86 -6 13.7 +8.7
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.7 67 13 12.0 +6.9
VSGX Vanguard ESG International Stock ETF 1.7 10 70 6.4 +1.4
CWI SPDR MSCI ACWI ex-US ETF 1.6 30 50 6.3 +1.2
DVYE iShares Emerging Markets Dividend ETF 1.5 49 31 16.7 +11.6
IGRO iShares International Dividend Growth ETF 1.2 15 65 6.6 +1.5
VEGI iShares MSCI Agriculture Producers ETF 1.2 39 41 7.0 +2.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.2 30 50 6.2 +1.2
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.0 75 5 1.9 -3.2
EEMO Invesco S&P Emerging Markets Momentum ETF 0.9 29 51 6.2 +1.1
VYMI Vanguard International High Dividend Yield ETF 0.8 17 63 7.6 +2.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.8 47 33 6.9 +1.9
DGT State Street SPDR Global Dow ETF 0.8 50 30 5.5 +0.5
ACWI iShares MSCI ACWI ETF 0.8 32 48 4.6 -0.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.8 20 60 4.7 -0.4
IQDF FlexShares International Quality Dividend Index Fund 0.8 47 33 7.2 +2.1
VT Vanguard Total World Stock ETF 0.7 6 74 4.9 -0.1
EYLD Cambria Emerging Shareholder Yield ETF 0.7 66 14 8.4 +3.3
KNCT Invesco Next Gen Connectivity ETF 0.7 40 40 2.9 -2.1
CGGO Capital Group Global Growth Equity ETF 0.6 47 33 4.1 -1.0
AQLT iShares MSCI Global Quality Factor ETF 0.6 18 62 0.0 -5.1
JIG JPMorgan International Growth ETF 0.6 55 25 3.6 -1.5
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 70 4.9 -0.2
MINV Matthews Asia Innovators Active ETF 0.6 79 1 5.7 +0.6
MEM Matthews Emerging Markets Equity Active ETF 0.5 79 1 8.3 +3.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.5 42 38 4.1 -1.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 68 4.4 -0.6
JGLO JPMorgan Global Select Equity ETF 0.3 33 47 4.3 -0.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 34 7.2 +2.1
JIVE JPMorgan International Value ETF 0.3 55 25 7.8 +2.7
GLOF iShares Global Equity Factor ETF 0.3 20 60 5.5 +0.4
SDG iShares MSCI Global Sustainable Development Goals ETF 0.2 49 31 4.5 -0.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 71 4.8 -0.3
DEW WisdomTree Global High Dividend Fund 0.1 58 22 7.0 +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

  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 India NIFTY 50 Equal Weight 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 16.9 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 CATEGORY
AVERAGE		 1.53
 
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.