First Trust India NIFTY 50 Equal Weight ETF
ALTAR
Score™
7.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.1x P/Sales
ratio
1.1x
P/BV
ratio
1.7x Div.
yield
2.2%


  • 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) $3
Currency USD
Expense ratio 80 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 51
Wgt avg mkt cap (mns) $20,300
Large cap (>$10bn) 61.6%
Mid cap ($2-10bn) 37.5%
Small cap (<$2bn) 0.9%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
HERO HONDA MOTORS LIMITED 2.1 %
NESTLE INDIA LIMITED 2.1 %
SHREE CEMENT LIMITED 2.1 %
ITC LTD 2.1 %
HCL TECHNOLOGIES LTD 2.1 %
BAJAJ AUTO LIMITED 2.1 %
EICHER MOTORS LTD 2.1 %
LARSEN & TOUBRO LIMITED 2.1 %
BAJAJ FINANCE LIMITED 2.1 %
BRITANNIA INDUSTRIES LTD 2.1 %
Total 20.7 %

TOP COUNTRY EXPOSURE
INDIA 99.2 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-19.5% -24.0% -- -- -10.2%

Market Correlations
versus... Beta R-squared
S&P500 0.85 36%
MSCI EAFE 1.05 47%
MSCI Emg. Mkts. 0.90 51%

Technical Indicators
Recent close $29.06
30d moving avg. $27.68
Annualized volatility 26.5%
Short interest (ETF) 2.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 1
Turnover 1.0%
Bid/Ask (% of price) 1.15%
ADV underlying (mns) $260

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 92 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™: 7.8%


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 56.3 94 -14 5.7 -2.2
INDA iShares MSCI India ETF 47.8 69 11 5.3 -2.6
IXSE WisdomTree India Ex-State-Owned Enterprises Fund 46.6 58 22 5.0 -2.8
EPI WisdomTree India Earnings Fund 45.8 85 -5 8.9 +1.1
FLIN Franklin FTSE India ETF 44.7 19 61 5.8 -2.1
PIN Invesco India ETF 43.2 78 2 5.7 -2.1
INCO Columbia India Consumer ETF 14.2 75 5 3.1 -4.8
BKF iShares MSCI BRIC ETF 11.6 69 11 7.7 -0.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 11.0 49 31 8.1 +0.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 10.7 60 20 8.5 +0.7
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 10.6 64 16 4.8 -3.0
JHEM John Hancock Multifactor Emerging Markets ETF 10.1 49 31 8.7 +0.8
EEMA iShares MSCI Emerging Markets Asia ETF 9.2 50 30 7.9 +0.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 8.8 30 50 9.0 +1.1
ECON Columbia Emerging Markets Consumer ETF 8.4 59 21 4.6 -3.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 7.8 20 60 7.1 -0.7
GMF SPDR S&P Emerging Asia Pacific ETF 7.5 49 31 7.6 -0.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 7.4 44 36 9.1 +1.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 7.4 68 12 7.4 -0.5
VIGI Vanguard International Dividend Appreciation ETF 7.3 25 55 5.6 -2.2
SCHE Schwab Emerging Markets Equity ETF 7.2 11 69 8.2 +0.3
NUEM Nuveen ESG Emerging Markets Equity ETF 7.2 45 35 7.6 -0.3
FLAX Franklin FTSE Asia Ex Japan ETF 7.1 19 61 8.0 +0.2
ESGE iShares ESG MSCI EM ETF 7.0 25 55 9.0 +1.1
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 7.0 25 55 7.8 -0.0
EMCG WisdomTree Emerging Markets Consumer Growth Fund 7.0 32 48 7.5 -0.3
PXH Invesco FTSE RAFI Emerging Markets ETF 7.0 50 30 13.4 +5.6
RNEM Emerging Markets Equity Select ETF 6.8 75 5 10.5 +2.7
EEMO Invesco S&P Emerging Markets Momentum ETF 6.8 29 51 6.9 -1.0
FDEM Fidelity Targeted Emerging Markets Factor ETF 6.7 45 35 9.7 +1.9
EEM iShares MSCI Emerging Markets ETF 6.6 68 12 7.7 -0.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 6.5 32 48 6.4 -1.5
VWO Vanguard FTSE Emerging Markets ETF 6.4 10 70 8.4 +0.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 6.3 36 44 8.5 +0.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 6.2 30 50 8.1 +0.3
DVEM WisdomTree Emerging Markets Dividend Fund 6.2 32 48 8.5 +0.6
SPEM SPDR Portfolio Emerging Markets ETF 6.1 11 69 8.1 +0.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 6.0 95 -15 9.6 +1.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 6.0 32 48 9.2 +1.4
IEMG iShares Core MSCI Emerging Markets ETF 5.9 13 67 8.2 +0.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 5.8 45 35 8.2 +0.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 5.7 39 41 13.0 +5.2
KMED KraneShares Emerging Markets Healthcare Index ETF 5.7 79 1 2.2 -5.6
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 5.2 50 30 10.4 +2.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 4.9 65 15 7.7 -0.1
EMMF WisdomTree Emerging Markets Multifactor Fund 4.8 48 32 9.8 +1.9
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 4.4 45 35 9.5 +1.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.0 40 40 7.3 -0.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.9 59 21 11.4 +3.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 3.2 58 22 7.9 +0.1
FTAG First Trust Indxx Global Agriculture ETF 3.2 70 10 6.5 -1.4
NXTG First Trust Indxx NextG ETF 3.2 70 10 6.2 -1.6
AVEM Avantis Emerging Markets Equity ETF 3.0 33 47 9.2 +1.4
AXJL WisdomTree Asia Pacific ex-Japan Fund 3.0 48 32 9.7 +1.9
FILL iShares MSCI Global Energy Producers ETF 2.6 39 41 6.4 -1.4
LEGR First Trust Index Digital Transaction & Process Technology E 2.5 65 15 7.3 -0.6
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 2.4 16 64 7.0 -0.8
FEM First Trust Emerging Markets AlphaDEX Fund 2.3 80 0 11.4 +3.5
EDIV SPDR S&P Emerging Markets Dividend ETF 2.0 49 31 11.1 +3.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.8 40 40 7.1 -0.7
ACWV iShares Edge MSCI Min Vol Global ETF 1.8 20 60 5.7 -2.1
IXUS ishares Core MSCI Total International Stock ETF 1.7 9 71 7.5 -0.3
DEM WisdomTree Emerging Markets High Dividend Fund 1.7 63 17 14.1 +6.3
OBOR KraneShares MSCI One Belt One Road Index ETF 1.6 79 1 9.5 +1.6
VXUS Vanguard Total International Stock Index Fund 1.6 8 72 7.7 -0.2
BLES Inspire Global Hope Large Cap ETF 1.5 52 28 6.5 -1.4
IGRO iShares International Dividend Growth ETF 1.5 22 58 8.1 +0.3
VEU Vanguard FTSE All-World ex-US Index Fund 1.4 8 72 7.7 -0.2
VSGX Vanguard ESG International Stock ETF 1.3 17 63 7.3 -0.5
IQDE FlexShares International Quality Dividend Defensive Index Fd 1.3 47 33 12.4 +4.5
CWI SPDR MSCI ACWI ex-US ETF 1.1 30 50 7.3 -0.6
PICK iShares MSCI Global Metals & Mining Producers ETF 1.1 39 41 7.6 -0.3
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 1.1 45 35 13.8 +5.9
ACWF iShares FactorSelect MSCI Global ETF 1.0 35 45 8.1 +0.2
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 1.0 51 29 13.5 +5.7
VEGI iShares MSCI Global Agriculture Producers ETF 0.9 39 41 6.1 -1.7
XT iShares Exponential Technologies ETF 0.9 47 33 5.1 -2.7
IQDF FlexShares International Quality Dividend Index Fund 0.8 47 33 12.4 +4.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.7 20 60 6.2 -1.7
LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.6 20 60 6.1 -1.7
VT Vanguard Total World Stock Index Fund 0.6 8 72 6.2 -1.6
GUNR Flexshares Morningstar Global Upstream Natural Resources 0.5 46 34 5.8 -2.0
DGT SPDR Global Dow ETF 0.5 50 30 6.8 -1.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 0.5 20 60 11.1 +3.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.3 47 33 6.5 -1.4
VYMI Vanguard International High Dividend Yield ETF 0.3 32 48 10.3 +2.4
DEW WisdomTree Global High Dividend Fund 0.2 58 22 9.4 +1.5
SDG iShares Sustainable MSCI Global Impact ETF 0.2 49 31 5.9 -2.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 63 17 12.7 +4.9
ACWI iShares MSCI ACWI ETF 0.1 32 48 5.9 -1.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 32 48 7.4 -0.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.0 69 11 8.1 +0.2

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 India NIFTY 50 Equal Weight ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.7 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 CATEGORY
AVERAGE
1.45
 
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.