First Trust India NIFTY 50 Equal Weight ETF
ALTAR
Score™		 6.1% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 20.0x P/Sales
ratio		 2.0x
P/BV
ratio		 3.5x Div.
yield		 1.8%


  • 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) $197
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) $41,803
Large cap (>$10bn) 96.5%
Mid cap ($2-10bn) 3.5%
Small cap (<$2bn) 0.0%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
HINDALCO INDUSTRIES LIMITED 2.2 %
MAHINDRA & MAHINDRA LTD. 2.2 %
EICHER MOTORS LTD 2.2 %
NTPC LIMITED 2.2 %
TATA STEEL LIMITED 2.1 %
HDFC BANK LIMITED 2.1 %
DIVI'S LABORATORIES LTD 2.1 %
BAJAJ FINANCE LIMITED 2.1 %
JSW STEEL LIMITED 2.1 %
OIL & NATURAL GAS CORP LTD 2.1 %
Total 21.5 %

TOP COUNTRY EXPOSURE
INDIA 100.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.5% 35.9% 10.6% -- 9.2%

Market Correlations
versus... Beta R-squared
S&P500 0.50 36%
MSCI EAFE 0.55 41%
MSCI Emg. Mkts. 0.42 26%

Technical Indicators
Recent close $57.40
30d moving avg. $50.35
Annualized volatility 14.6%
Short interest (ETF) 0.4%
Relative strength (RSI) 84

Liquidity measures
Avg. volume (thou.) 27
Turnover 0.8%
Bid/Ask (% of price) 0.53%
ADV underlying (mns) $693

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 123 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™: 6.1%


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
(%)
INDY iShares India 50 ETF 59.8 89 -9 3.7 -2.4
INDA iShares MSCI India ETF 51.2 65 15 3.7 -2.5
FLIN Franklin FTSE India ETF 49.4 19 61 5.2 -0.9
PIN Invesco India ETF 46.3 78 2 3.8 -2.4
EPI WisdomTree India Earnings Fund 45.2 85 -5 6.6 +0.5
NDIA Global X India Active ETF 33.4 75 5 6.5 +0.4
RNEM First Trust Emerging Markets Equity Select ETF 27.2 75 5 8.2 +2.1
INCO Columbia India Consumer ETF 24.0 75 5 1.6 -4.5
BKF iShares MSCI BIC ETF 23.6 69 11 7.1 +1.0
EEMO Invesco S&P Emerging Markets Momentum ETF 22.6 29 51 6.2 +0.1
STXE Strive Emerging Markets Ex-China ETF 22.3 32 48 6.9 +0.8
INDF Nifty India Financials ETF 20.2 75 5 6.0 -0.2
GLIN VanEck India Growth Leaders ETF 19.9 77 3 5.3 -0.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 19.1 32 48 7.6 +1.5
XC WisdomTree Emerging Markets Ex-China Fund 17.9 32 48 6.2 +0.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 17.1 24 56 7.1 +1.0
EMMF WisdomTree Emerging Markets Multifactor Fund 16.9 48 32 9.3 +3.2
EMXC iShares MSCI Emerging Markets ex China ETF 16.6 25 55 6.7 +0.6
JHEM John Hancock Multifactor Emerging Markets ETF 16.6 49 31 8.3 +2.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 16.4 40 40 7.1 +1.0
EEMA iShares MSCI Emerging Markets Asia ETF 15.8 49 31 6.7 +0.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 14.5 95 -15 11.4 +5.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 14.4 70 10 6.3 +0.2
FLAX Franklin FTSE Asia Ex Japan ETF 14.4 19 61 7.2 +1.1
EMDM First Trust Bloomberg Emerging Market Democracies ETF 13.9 75 5 9.6 +3.5
EMXF iShares ESG Advanced MSCI EM ETF 13.9 16 64 7.4 +1.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 13.4 25 55 7.0 +0.9
BKEM BNY Mellon Emerging Markets Equity ETF 13.2 11 69 7.7 +1.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 13.2 36 44 7.5 +1.3
LDEM iShares ESG MSCI EM Leaders ETF 12.8 17 63 7.7 +1.6
ECON Columbia Emerging Markets Consumer ETF 12.6 49 31 4.8 -1.4
SCHE Schwab Emerging Markets Equity ETF 12.5 11 69 7.6 +1.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 12.4 66 14 7.2 +1.1
EEM iShares MSCI Emerging Markets ETF 12.2 69 11 7.0 +0.8
NUEM Nuveen ESG Emerging Markets Equity ETF 12.1 36 44 6.8 +0.7
GMF SPDR S&P Emerging Asia Pacific ETF 12.1 49 31 6.4 +0.3
ROAM Hartford Multifactor Emerging Markets ETF 12.0 44 36 11.7 +5.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 11.9 15 65 7.1 +1.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 11.8 30 50 8.5 +2.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 11.8 33 47 7.2 +1.1
VWO Vanguard FTSE Emerging Markets ETF 11.7 8 72 7.6 +1.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 11.6 30 50 7.5 +1.4
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 11.4 18 62 7.9 +1.8
ESGE iShares ESG Aware MSCI EM ETF 11.4 25 55 7.7 +1.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 11.3 45 35 8.6 +2.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 11.3 20 60 7.5 +1.4
DEHP Dimensional Emerging Markets High Profitability ETF 11.0 41 39 7.3 +1.2
EMGF iShares Emerging Markets Equity Factor ETF 11.0 25 55 8.7 +2.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 10.8 32 48 6.3 +0.2
IEMG iShares Core MSCI Emerging Markets ETF 10.5 9 71 7.5 +1.4
MINV Matthews Asia Innovators Active ETF 9.9 79 1 2.8 -3.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 9.8 39 41 12.5 +6.4
DGIN VanEck Digital India ETF 9.7 71 9 1.6 -4.5
FDEM Fidelity Emerging Markets Multifactor ETF 9.7 25 55 11.9 +5.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 9.2 44 36 10.3 +4.2
PXH Invesco FTSE RAFI Emerging Markets ETF 9.2 49 31 12.4 +6.3
DFAE Dimensional Emerging Core Equity Market ETF 9.1 35 45 7.7 +1.6
SPEM SPDR Portfolio Emerging Markets ETF 9.0 7 73 7.5 +1.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 8.9 50 30 10.5 +4.4
EMM Global X Emerging Markets ex-China ETF 8.9 75 5 3.7 -2.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 8.1 60 20 10.0 +3.9
CGXU Capital Group International Focus Equity ETF 8.0 54 26 4.1 -2.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 7.5 59 21 9.6 +3.5
EMC Global X Emerging Markets Great Consumer ETF 7.5 75 5 4.9 -1.3
DFEV Dimensional Emerging Markets Value ETF 7.4 43 37 10.9 +4.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 7.2 38 42 8.2 +2.1
AVES Avantis Emerging Markets Value ETF 7.0 36 44 12.1 +5.9
AVEM Avantis Emerging Markets Equity ETF 6.6 33 47 9.1 +3.0
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 6.1 88 -8 6.2 +0.1
EDIV SPDR S&P Emerging Markets Dividend ETF 6.0 49 31 10.9 +4.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 6.0 41 39 7.8 +1.7
MEM Matthews Emerging Markets Equity Active ETF 5.1 79 1 5.7 -0.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 4.7 45 35 12.7 +6.6
NXTG First Trust Indxx NextG ETF 4.6 70 10 6.0 -0.1
XCEM Columbia EM Core ex-China ETF 4.5 16 64 7.3 +1.2
VIGI Vanguard International Dividend Appreciation ETF 4.4 15 65 5.6 -0.6
DEM WisdomTree Emerging Markets High Dividend Fund 4.4 63 17 12.9 +6.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 4.1 86 -6 1.9 -4.2
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 4.1 86 -6 1.9 -4.2
INQQ India Internet & Ecommerce ETF 4.1 86 -6 10.8 +4.7
FEM First Trust Emerging Markets AlphaDEX Fund 3.9 80 0 16.3 +10.2
ACWV iShares MSCI Global Min Vol Factor ETF 3.9 20 60 6.7 +0.6
ACWX iShares MSCI ACWI ex U.S. ETF 3.4 34 46 6.7 +0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.4 41 39 6.7 +0.6
SCHY Schwab International Dividend Equity ETF 3.2 14 66 9.2 +3.1
IXUS iShares Core MSCI Total International Stock ETF 3.0 7 73 6.9 +0.8
VXUS Vanguard Total International Stock ETF 3.0 7 73 7.1 +1.0
VEU Vanguard FTSE All-World ex-US Index Fund 3.0 8 72 7.2 +1.1
IGRO iShares International Dividend Growth ETF 2.9 15 65 7.1 +1.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.9 65 15 8.4 +2.2
FILL iShares MSCI Global Energy Producers ETF 2.8 39 41 9.0 +2.9
EYLD Cambria Emerging Shareholder Yield ETF 2.5 66 14 12.1 +6.0
VSGX Vanguard ESG International Stock ETF 2.4 12 68 6.8 +0.7
CWI SPDR MSCI ACWI ex-US ETF 2.4 30 50 6.8 +0.7
FTAG First Trust Indxx Global Agriculture ETF 2.2 70 10 9.1 +3.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.1 30 50 7.8 +1.7
FTRI First Trust Indxx Global Natural Resources Income ETF 2.0 70 10 10.6 +4.5
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.0 67 13 17.5 +11.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 2.0 42 38 6.8 +0.7
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.9 78 2 8.8 +2.7
IQDE FlexShares International Quality Dividend Defensive Index ET 1.8 47 33 10.7 +4.6
VEGI iShares MSCI Agriculture Producers ETF 1.7 39 41 9.2 +3.1
CGGO Capital Group Global Growth Equity ETF 1.6 47 33 4.3 -1.8
PICK iShares MSCI Global Metals & Mining Producers ETF 1.4 39 41 11.0 +4.9
DVYE iShares Emerging Markets Dividend ETF 1.3 49 31 16.6 +10.5
IQDF FlexShares International Quality Dividend Index Fund 1.3 47 33 10.7 +4.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 1.3 20 60 10.7 +4.6
ACWI iShares MSCI ACWI ETF 1.3 32 48 5.5 -0.6
DGT SPDR Global Dow ETF 1.3 50 30 6.7 +0.5
IWTR iShares MSCI Water Management Multisector ETF 1.2 47 33 4.8 -1.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.2 47 33 5.9 -0.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.1 47 33 10.3 +4.2
VT Vanguard Total World Stock ETF 1.1 7 73 5.8 -0.3
VYMI Vanguard International High Dividend Yield ETF 1.0 22 58 9.7 +3.6
XT iShares Exponential Technologies ETF 1.0 46 34 3.9 -2.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.0 20 60 5.6 -0.5
DEW WisdomTree Global High Dividend Fund 0.7 58 22 9.1 +3.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.5 12 68 5.1 -1.1
GLOF iShares Global Equity Factor ETF 0.5 20 60 7.1 +1.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.4 46 34 8.8 +2.7
SDG iShares MSCI Global Sustainable Development Goals ETF 0.3 49 31 5.8 -0.3
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.2 45 35 6.2 +0.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 71 5.7 -0.4

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 23.3 %
Divided by: Fwd. P/BV 3.4 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.46 CATEGORY
AVERAGE		 1.39
 
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.