First Trust India NIFTY 50 Equal Weight ETF
ALTAR
Score™		 6.3% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 22.1x P/Sales
ratio		 1.9x
P/BV
ratio		 3.7x 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) $276
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) $46,592
Large cap (>$10bn) 95.9%
Mid cap ($2-10bn) 4.1%
Small cap (<$2bn) 0.0%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
RELIANCE INDUSTRIES LTD 4.3 %
GRASIM INDUSTRIES LTD 2.2 %
TECH MAHINDRA LTD 2.2 %
SUN PHARMACEUTICAL INDUS 2.2 %
BAJAJ AUTO LIMITED 2.1 %
ASIAN PAINTS LTD 2.1 %
HDFC LIFE INSURANCE CO. LTD. 2.1 %
BAJAJ FINANCE LIMITED 2.1 %
INDUSIND BANK LIMITED 2.1 %
HCL TECHNOLOGIES LTD 2.1 %
Total 23.5 %

TOP COUNTRY EXPOSURE
INDIA 99.7 %










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.
11.8% 27.8% 13.2% -- 9.3%

Market Correlations
versus... Beta R-squared
S&P500 0.58 48%
MSCI EAFE 0.53 42%
MSCI Emg. Mkts. 0.47 31%

Technical Indicators
Recent close $58.19
30d moving avg. $62.75
Annualized volatility 14.5%
Short interest (ETF) 0.9%
Relative strength (RSI) 42

Liquidity measures
Avg. volume (thou.) 44
Turnover 0.9%
Bid/Ask (% of price) 0.53%
ADV underlying (mns) $675

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™: 6.3%


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 59.4 89 -9 4.6 -1.7
PIN Invesco India ETF 50.5 78 2 4.5 -1.8
INDA iShares MSCI India ETF 49.2 65 15 4.4 -1.9
FLIN Franklin FTSE India ETF 44.9 19 61 4.7 -1.6
EPI WisdomTree India Earnings Fund 40.1 85 -5 6.1 -0.2
NDIA Global X India Active ETF 27.3 75 5 7.2 +1.0
STXE Strive Emerging Markets Ex-China ETF 27.1 32 48 7.0 +0.8
RNEM First Trust Emerging Markets Equity Select ETF 26.2 75 5 7.6 +1.3
BKF iShares MSCI BIC ETF 25.8 69 11 6.9 +0.7
EEMO Invesco S&P Emerging Markets Momentum ETF 22.9 29 51 5.5 -0.7
GLIN VanEck India Growth Leaders ETF 20.0 77 3 5.7 -0.6
EMXC iShares MSCI Emerging Markets ex China ETF 19.4 25 55 6.7 +0.4
XCNY SPDR S&P Emerging Markets ex-China ETF 18.7 15 65 6.3 +0.0
EQLT iShares MSCI Emerging Markets Quality Factor ETF 18.0 35 45 7.4 +1.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 17.9 24 56 9.2 +3.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 17.8 95 -15 10.5 +4.3
EEMA iShares MSCI Emerging Markets Asia ETF 17.7 49 31 6.5 +0.3
INDF Nifty India Financials ETF 17.7 75 5 5.3 -1.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 16.8 32 48 6.9 +0.6
XC WisdomTree Emerging Markets Ex-China Fund 16.3 32 48 6.0 -0.3
EMMF WisdomTree Emerging Markets Multifactor Fund 16.2 48 32 8.8 +2.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 16.2 70 10 6.2 -0.1
ECON Columbia Emerging Markets Consumer ETF 16.1 49 31 7.3 +1.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 16.1 25 55 6.6 +0.4
LDEM iShares ESG MSCI EM Leaders ETF 16.0 17 63 7.6 +1.4
EMDM First Trust Bloomberg Emerging Market Democracies ETF 15.8 75 5 8.2 +2.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 15.7 40 40 8.3 +2.0
JHEM John Hancock Multifactor Emerging Markets ETF 15.5 49 31 8.2 +1.9
EMXF iShares ESG Advanced MSCI EM ETF 14.6 16 64 6.8 +0.6
ESGE iShares ESG Aware MSCI EM ETF 14.6 25 55 7.1 +0.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 14.3 30 50 8.1 +1.9
EEM iShares MSCI Emerging Markets ETF 14.1 69 11 6.9 +0.6
VWO Vanguard FTSE Emerging Markets ETF 13.6 8 72 6.9 +0.7
FLAX Franklin FTSE Asia Ex Japan ETF 13.3 19 61 6.9 +0.6
EMGF iShares Emerging Markets Equity Factor ETF 13.2 25 55 8.5 +2.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 13.2 30 50 7.3 +1.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 13.1 15 65 7.2 +1.0
SCHE Schwab Emerging Markets Equity ETF 12.6 11 69 7.1 +0.9
EVLU iShares MSCI Emerging Markets Value Factor ETF 12.3 35 45 12.4 +6.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 12.3 36 44 7.8 +1.6
IEMG iShares Core MSCI Emerging Markets ETF 12.2 9 71 7.5 +1.2
BKEM BNY Mellon Emerging Markets Equity ETF 12.2 11 69 8.4 +2.1
NUEM Nuveen ESG Emerging Markets Equity ETF 12.2 36 44 6.5 +0.2
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 12.1 18 62 6.8 +0.6
GMF SPDR S&P Emerging Asia Pacific ETF 12.0 49 31 6.1 -0.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 11.9 33 47 8.2 +2.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 11.9 15 65 10.2 +4.0
DEHP Dimensional Emerging Markets High Profitability ETF 11.7 41 39 5.0 -1.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 11.3 66 14 10.0 +3.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 11.2 32 48 6.2 -0.0
FDEM Fidelity Emerging Markets Multifactor ETF 10.9 25 55 12.3 +6.1
PXH Invesco FTSE RAFI Emerging Markets ETF 10.8 49 31 12.2 +6.0
ROAM Hartford Multifactor Emerging Markets ETF 10.5 44 36 15.8 +9.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 10.4 45 35 11.0 +4.7
DFEV Dimensional Emerging Markets Value ETF 10.1 43 37 11.1 +4.8
INCO Columbia India Consumer ETF 9.9 75 5 1.5 -4.7
DFAE Dimensional Emerging Core Equity Market ETF 9.8 35 45 7.3 +1.1
EMM Global X Emerging Markets ex-China ETF 9.7 75 5 4.2 -2.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 9.5 50 30 13.0 +6.7
SPEM SPDR Portfolio Emerging Markets ETF 9.3 7 73 7.3 +1.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 9.3 20 60 6.8 +0.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 9.1 39 41 12.5 +6.2
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 8.8 88 -8 7.4 +1.2
MINV Matthews Asia Innovators Active ETF 8.4 79 1 3.0 -3.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 8.2 44 36 10.6 +4.4
DGIN VanEck Digital India ETF 8.1 71 9 0.1 -6.1
AVES Avantis Emerging Markets Value ETF 8.0 36 44 11.6 +5.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 7.9 59 21 11.3 +5.0
MEM Matthews Emerging Markets Equity Active ETF 7.7 79 1 5.4 -0.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 7.7 60 20 9.8 +3.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 7.7 38 42 7.8 +1.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 7.6 45 35 12.3 +6.1
IPAV Global X Infrastructure Development ex-U.S. ETF 7.5 55 25 9.7 +3.4
AVEM Avantis Emerging Markets Equity ETF 7.2 33 47 8.9 +2.6
XCEM Columbia EM Core ex-China ETF 6.9 16 64 7.7 +1.5
VIGI Vanguard International Dividend Appreciation ETF 6.2 15 65 6.4 +0.2
EMC Global X Emerging Markets Great Consumer ETF 6.2 75 5 4.5 -1.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 6.1 41 39 7.4 +1.2
FILL iShares MSCI Global Energy Producers ETF 5.1 39 41 9.6 +3.4
CGXU Capital Group International Focus Equity ETF 5.0 54 26 4.9 -1.4
BIGFX Baron International Growth Retail 4.9 75 5 3.1 -3.1
DEM WisdomTree Emerging Markets High Dividend Fund 4.9 63 17 18.9 +12.6
NXTG First Trust Indxx NextG ETF 4.9 70 10 6.2 -0.0
ACWX iShares MSCI ACWI ex U.S. ETF 4.3 34 46 7.0 +0.7
ACWV iShares MSCI Global Min Vol Factor ETF 4.0 20 60 6.3 +0.1
VXUS Vanguard Total International Stock ETF 3.8 7 73 7.2 +0.9
SCHY Schwab International Dividend Equity ETF 3.8 14 66 9.3 +3.1
IXUS iShares Core MSCI Total International Stock ETF 3.8 7 73 7.2 +0.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 3.8 18 62 7.0 +0.8
IGRO iShares International Dividend Growth ETF 3.7 15 65 7.5 +1.3
VEU Vanguard FTSE All-World ex-US Index Fund 3.7 8 72 7.3 +1.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.2 41 39 7.4 +1.2
VSGX Vanguard ESG International Stock ETF 3.0 12 68 6.8 +0.5
CWI SPDR MSCI ACWI ex-US ETF 2.9 30 50 6.9 +0.7
PICK iShares MSCI Global Metals & Mining Producers ETF 2.8 39 41 12.8 +6.6
FEM First Trust Emerging Markets AlphaDEX Fund 2.8 80 0 13.0 +6.8
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.6 65 15 8.2 +1.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.5 30 50 8.0 +1.7
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.2 78 2 9.0 +2.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 2.1 86 -6 1.6 -4.6
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 2.1 86 -6 1.2 -5.0
INQQ India Internet & Ecommerce ETF 2.1 86 -6 2.6 -3.7
IQDE FlexShares International Quality Dividend Defensive Index ET 1.9 47 33 14.8 +8.6
VEGI iShares MSCI Agriculture Producers ETF 1.9 39 41 9.2 +3.0
FTAG First Trust Indxx Global Agriculture ETF 1.9 70 10 9.7 +3.4
DGT SPDR Global Dow ETF 1.8 50 30 6.8 +0.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.8 42 38 8.1 +1.8
EDIV SPDR S&P Emerging Markets Dividend ETF 1.8 49 31 12.0 +5.8
FTRI First Trust Indxx Global Natural Resources Income ETF 1.7 70 10 9.8 +3.5
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.7 67 13 15.0 +8.8
EYLD Cambria Emerging Shareholder Yield ETF 1.6 66 14 13.2 +6.9
KLMT Invesco MSCI Global Climate 500 ETF 1.6 10 70 5.4 -0.8
ACWI iShares MSCI ACWI ETF 1.5 32 48 5.3 -1.0
KNCT Invesco Next Gen Connectivity ETF 1.4 40 40 5.6 -0.7
IQDF FlexShares International Quality Dividend Index Fund 1.3 47 33 12.9 +6.6
DVYE iShares Emerging Markets Dividend ETF 1.3 49 31 18.8 +12.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.2 20 60 5.2 -1.1
XT iShares Exponential Technologies ETF 1.2 46 34 4.8 -1.5
VT Vanguard Total World Stock ETF 1.2 7 73 5.5 -0.7
CGGO Capital Group Global Growth Equity ETF 1.1 47 33 4.6 -1.7
VYMI Vanguard International High Dividend Yield ETF 1.0 22 58 9.8 +3.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.0 47 33 9.4 +3.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.0 47 33 5.5 -0.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.9 12 68 4.8 -1.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.8 46 34 9.3 +3.1
DEW WisdomTree Global High Dividend Fund 0.7 58 22 8.5 +2.3
GLOF iShares Global Equity Factor ETF 0.5 20 60 7.0 +0.8
SDG iShares MSCI Global Sustainable Development Goals ETF 0.5 49 31 5.6 -0.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 71 5.4 -0.9
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.3 45 35 5.7 -0.6

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 23.6 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.53 CATEGORY
AVERAGE		 1.48
 
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.