First Trust India NIFTY 50 Equal Weight ETF
ALTAR
Score™		 4.6% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 22.2x P/Sales
ratio		 2.6x
P/BV
ratio		 3.6x Div.
yield		 1.7%


  • 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) $184
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 53
Wgt avg mkt cap (mns) $41,769
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
BAJAJ FINANCE LIMITED 15.7 %
SHRIRAM FINANCE LTD 2.2 %
ASIAN PAINTS LTD 2.0 %
JIO FINANCIAL SERVICES LIMITED 2.0 %
TITAN INDUSTRIES LIMITED 1.9 %
HCL TECHNOLOGIES LTD 1.9 %
STATE BANK OF INDIA 1.9 %
BHARTI AIRTEL LIMITED 1.9 %
SBI LIFE INSURANCE CO. LTD. 1.9 %
RELIANCE INDUSTRIES LTD 1.9 %
Total 33.2 %

TOP COUNTRY EXPOSURE
INDIA 97.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
4.9% -2.6% 14.4% 8.3% 6.8%

Market Correlations
versus... Beta R-squared
S&P500 0.44 17%
MSCI EAFE 0.38 16%
MSCI Emg. Mkts. 0.42 23%

Technical Indicators
Recent close $59.29
30d moving avg. $59.11
Annualized volatility 13.8%
Short interest (ETF) 0.1%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 12
Turnover 0.4%
Bid/Ask (% of price) 0.72%
ADV underlying (mns) $503

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 132 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™: 4.6%


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 53.9 89 -9 4.9 +0.4
FLIN Franklin FTSE India ETF 46.8 19 61 3.9 -0.6
INDA iShares MSCI India ETF 44.6 65 15 4.5 -0.1
PIN Invesco India ETF 42.2 78 2 4.6 +0.0
EPI WisdomTree India Earnings Fund 39.5 85 -5 4.8 +0.2
RNEM First Trust Emerging Markets Equity Select ETF 27.2 75 5 8.4 +3.8
NDIA Global X India Active ETF 26.9 75 5 5.2 +0.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 21.8 95 -15 10.8 +6.3
INDF Nifty India Financials ETF 21.0 75 5 6.7 +2.2
STXE Strive Emerging Markets Ex-China ETF 21.0 32 48 7.3 +2.7
INCO Columbia India Consumer ETF 19.4 75 5 1.7 -2.9
BKF iShares MSCI BIC ETF 19.4 69 11 12.9 +8.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 17.2 75 5 9.5 +5.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 16.6 24 56 7.2 +2.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 15.6 32 48 6.3 +1.7
GLIN VanEck India Growth Leaders ETF 15.4 77 3 5.7 +1.1
XC WisdomTree Emerging Markets Ex-China Fund 15.3 32 48 5.4 +0.8
XCNY SPDR S&P Emerging Markets ex-China ETF 14.5 15 65 7.2 +2.6
EMXC iShares MSCI Emerging Markets ex China ETF 14.5 25 55 6.9 +2.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 13.8 40 40 6.7 +2.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 13.7 25 55 6.4 +1.8
SCHE Schwab Emerging Markets Equity ETF 13.2 11 69 10.4 +5.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 13.0 20 60 9.7 +5.1
EEMA iShares MSCI Emerging Markets Asia ETF 13.0 49 31 9.0 +4.4
NUEM Nuveen ESG Emerging Markets Equity ETF 12.9 36 44 7.3 +2.7
JHEM John Hancock Multifactor Emerging Markets ETF 12.6 49 31 9.3 +4.8
INQQ India Internet & Ecommerce ETF 12.6 86 -6 1.3 -3.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 11.8 70 10 8.4 +3.8
ECON Columbia Emerging Markets Consumer ETF 11.7 49 31 11.6 +7.0
FLAX Franklin FTSE Asia Ex Japan ETF 11.5 19 61 8.4 +3.8
LDEM iShares ESG MSCI EM Leaders ETF 11.0 17 63 13.8 +9.2
EMMF WisdomTree Emerging Markets Multifactor Fund 10.9 48 32 7.0 +2.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 10.8 15 65 9.5 +5.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 10.7 30 50 9.0 +4.4
BKEM BNY Mellon Emerging Markets Equity ETF 10.6 11 69 9.2 +4.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 10.5 15 65 7.4 +2.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 10.5 36 44 8.9 +4.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 10.4 66 14 8.8 +4.3
VWO Vanguard FTSE Emerging Markets ETF 10.4 7 73 10.1 +5.5
EEM iShares MSCI Emerging Markets ETF 10.3 69 11 9.4 +4.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 10.1 32 48 8.4 +3.8
AVXC Avantis Emerging Markets Ex-China Equity ETF 10.1 33 47 8.0 +3.4
GMF SPDR S&P Emerging Asia Pacific ETF 10.0 49 31 9.3 +4.7
FDEM Fidelity Emerging Markets Multifactor ETF 9.7 25 55 12.0 +7.4
ESGE iShares ESG Aware MSCI EM ETF 9.5 25 55 9.3 +4.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 9.4 30 50 9.8 +5.2
EVLU iShares MSCI Emerging Markets Value Factor ETF 9.3 35 45 16.1 +11.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 9.3 33 47 9.2 +4.6
EMC Global X Emerging Markets Great Consumer ETF 8.9 75 5 7.4 +2.8
IEMG iShares Core MSCI Emerging Markets ETF 8.7 9 71 9.7 +5.1
DGIN VanEck Digital India ETF 8.7 71 9 1.8 -2.8
EMGF iShares Emerging Markets Equity Factor ETF 8.6 25 55 10.7 +6.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 8.6 50 30 10.2 +5.6
EMXF iShares ESG Advanced MSCI EM ETF 8.5 16 64 7.9 +3.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 8.5 45 35 9.5 +4.9
MINV Matthews Asia Innovators Active ETF 8.4 79 1 7.0 +2.4
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 8.2 86 -6 0.5 -4.1
DEHP Dimensional Emerging Markets High Profitability ETF 8.0 41 39 6.3 +1.7
AVES Avantis Emerging Markets Value ETF 7.9 36 44 10.7 +6.1
PXH Invesco FTSE RAFI Emerging Markets ETF 7.7 49 31 14.7 +10.1
ROAM Hartford Multifactor Emerging Markets ETF 7.6 44 36 11.0 +6.5
AVSE Avantis Responsible Emerging Markets Equity ETF 7.5 33 47 7.8 +3.3
SPEM SPDR Portfolio Emerging Markets ETF 7.5 7 73 10.3 +5.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 7.5 39 41 15.3 +10.7
DFEV Dimensional Emerging Markets Value ETF 7.1 43 37 11.8 +7.3
DFAE Dimensional Emerging Core Equity Market ETF 7.1 35 45 8.5 +4.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 6.9 60 20 7.8 +3.3
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 6.7 88 -8 7.9 +3.3
IPAV Global X Infrastructure Development ex-U.S. ETF 6.7 55 25 6.7 +2.2
XCEM Columbia EM Core ex-China ETF 6.7 16 64 7.6 +3.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 6.4 44 36 10.4 +5.8
AVEM Avantis Emerging Markets Equity ETF 6.2 33 47 8.1 +3.6
DEXC Dimensional Emerging Markets ex China Core EquityETF 6.0 53 27 7.2 +2.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 5.8 45 35 10.1 +5.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 5.7 59 21 8.5 +3.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 5.5 86 -6 14.2 +9.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 5.2 38 42 8.5 +3.9
MEM Matthews Emerging Markets Equity Active ETF 4.9 79 1 7.3 +2.7
JADE JPMorgan Active Developing Markets Equity ETF 4.6 65 15 7.6 +3.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 4.2 41 39 8.1 +3.5
EEMO Invesco S&P Emerging Markets Momentum ETF 3.9 29 51 7.5 +2.9
VIGI Vanguard International Dividend Appreciation ETF 3.9 10 70 6.3 +1.8
CGXU Capital Group International Focus Equity ETF 3.8 54 26 5.4 +0.9
ACWV iShares MSCI Global Min Vol Factor ETF 3.7 20 60 5.9 +1.3
NXTG First Trust Indxx NextG ETF 3.6 70 10 5.0 +0.4
SCHY Schwab International Dividend Equity ETF 3.4 14 66 9.2 +4.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 3.2 18 62 7.2 +2.6
ACWX iShares MSCI ACWI ex U.S. ETF 3.2 34 46 7.3 +2.7
VEU Vanguard FTSE All-World ex-US Index Fund 3.1 4 76 7.6 +3.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.0 65 15 8.1 +3.5
PICK iShares MSCI Global Metals & Mining Producers ETF 2.9 39 41 10.7 +6.1
VXUS Vanguard Total International Stock ETF 2.9 5 75 7.6 +3.0
IXUS iShares Core MSCI Total International Stock ETF 2.8 7 73 7.5 +2.9
IGRO iShares International Dividend Growth ETF 2.7 15 65 7.0 +2.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.7 41 39 7.1 +2.5
VSGX Vanguard ESG International Stock ETF 2.5 10 70 7.4 +2.9
CWI SPDR MSCI ACWI ex-US ETF 2.4 30 50 7.5 +2.9
FEM First Trust Emerging Markets AlphaDEX Fund 2.0 80 0 11.3 +6.7
FTAG First Trust Indxx Global Agriculture ETF 1.8 70 10 8.3 +3.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.7 30 50 7.4 +2.8
EDIV SPDR S&P Emerging Markets Dividend ETF 1.7 49 31 9.3 +4.7
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.7 78 2 8.9 +4.3
VEGI iShares MSCI Agriculture Producers ETF 1.6 39 41 9.1 +4.5
FTRI First Trust Indxx Global Natural Resources Income ETF 1.6 70 10 7.6 +3.0
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.6 67 13 14.7 +10.1
DVYE iShares Emerging Markets Dividend ETF 1.6 49 31 17.7 +13.2
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.5 75 5 2.9 -1.7
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.5 60 20 10.3 +5.7
JIG JPMorgan International Growth ETF 1.4 55 25 4.7 +0.1
DEM WisdomTree Emerging Markets High Dividend Fund 1.4 63 17 12.7 +8.1
DGT State Street SPDR Global Dow ETF 1.3 50 30 6.5 +2.0
KNCT Invesco Next Gen Connectivity ETF 1.2 40 40 4.5 -0.1
KLMT Invesco MSCI Global Climate 500 ETF 1.1 10 70 5.6 +1.0
EYLD Cambria Emerging Shareholder Yield ETF 1.1 66 14 11.6 +7.0
ACWI iShares MSCI ACWI ETF 1.1 32 48 5.3 +0.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.1 20 60 5.5 +0.9
VT Vanguard Total World Stock ETF 1.0 6 74 5.7 +1.1
IQDF FlexShares International Quality Dividend Index Fund 1.0 47 33 8.4 +3.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.9 47 33 5.6 +1.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.8 47 33 7.8 +3.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.8 42 38 6.3 +1.7
DWX SPDR S&P International Dividend ETF 0.7 45 35 7.2 +2.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.7 46 34 9.4 +4.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.7 12 68 5.1 +0.5
VYMI Vanguard International High Dividend Yield ETF 0.6 17 63 9.0 +4.4
XT iShares Exponential Technologies ETF 0.6 46 34 4.6 +0.0
CGGO Capital Group Global Growth Equity ETF 0.4 47 33 4.2 -0.4
JIVE JPMorgan International Value ETF 0.3 55 25 10.7 +6.1
SDG iShares MSCI Global Sustainable Development Goals ETF 0.3 49 31 4.9 +0.3
GLOF iShares Global Equity Factor ETF 0.3 20 60 6.6 +2.0
DEW WisdomTree Global High Dividend Fund 0.3 58 22 8.2 +3.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 71 5.6 +1.0

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:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.6 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.54 CATEGORY
AVERAGE		 1.54
 
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.