First Trust Nasdaq Clean Edge Green Energy Index Fund
ALTAR
Score™
0.3% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
96.2x P/Sales
ratio
2.7x
P/BV
ratio
3.2x Div.
yield
1.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust NASDAQ Clean Edge Green Energy Index Fund seeks investment results that correspond generally to the price and yield of the NASDAQ Clean Edge U.S. Liquid Series Index, which tracks cl

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Feb 08, 2007
Assets (mns) $289
Currency USD
Expense ratio 60 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 43
Wgt avg mkt cap (mns) $22,054
Large cap (>$10bn) 9.5%
Mid cap ($2-10bn) 77.6%
Small cap (<$2bn) 12.4%
Developed mkts 92.4%
Emerging mkts 7.7%

TOP TEN HOLDINGS
TESLA MOTORS INC 11.7 %
NIO INC. SPONSORED ADR CLASS A 7.9 %
BROOKFIELD RENEWABLE PARTNERS LP 5.5 %
ALBEMARLE CORP 5.3 %
SOLAREDGE TECHNOLOGIES, INC. 5.0 %
ENPHASE ENERGY INC 4.4 %
ON SEMICONDUCTOR CORPORATION 3.9 %
FIRST SOLAR INC 3.9 %
CREE INC 3.8 %
BALLARD POWER SYSTEMS INC 3.4 %
Total 54.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 77.0 %
CHINA 9.1 %
BERMUDA 5.5 %
CANADA 4.6 %
BRITAIN 2.0 %
CHILE 0.8 %





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.
20.0% 42.4% 11.0% 9.1% 3.6%

Market Correlations
versus... Beta R-squared
S&P500 1.35 74%
MSCI EAFE 1.34 64%
MSCI Emg. Mkts. 1.08 64%

Technical Indicators
Recent close $33.60
30d moving avg. $29.96
Annualized volatility 26.7%
Short interest (ETF) 0.6%
Short interest (Underlying) 8.3%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 101
Turnover 1.2%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $15,024

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the First Trust Nasdaq Clean Edge Green Energy Index Fund ETF based on the alternatives' overlap in portfolio holdings with QCLN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QCLN Expense: 60 bp ALTAR Score™: 0.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QCLN
Ticker Fund
Name
Overlap1
vs QCLN
(%)
Expense
ratio
(bp)
Savings
vs QCLN
(bp)
ALTAR
Score™
(%)
ALTAR
vs QCLN
(%)
ACES ALPS Clean Energy ETF 50.9 65 -5 0.9 +0.6
PBW Invesco WilderHill Clean Energy ETF 47.6 70 -10 -4.0 -4.3
GEX VanEck Vectors Global Alternative Energy ETF 44.6 62 -2 4.3 +4.0
XKCP SPDR Kensho Clean Power ETF 29.9 45 15 0.3 -0.0
ICLN iShares Global Clean Energy ETF 27.8 46 14 3.1 +2.8
TAN Invesco Solar ETF 26.6 71 -11 1.6 +1.3
PBD Invesco Global Clean Energy ETF 26.4 75 -15 1.6 +1.3
PZD Invesco Cleantech ETF 21.0 68 -8 4.7 +4.4
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 16.0 50 10 3.9 +3.5
XSD SPDR S&P Semiconductor ETF 15.7 35 25 4.0 +3.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 15.4 70 -10 4.2 +3.9
LIT Global X Lithium & Battery Tech ETF 15.3 75 -15 2.8 +2.5
YLCO Global X YieldCo Index ETF 14.4 65 -5 4.6 +4.3
XKST SPDR Kensho Smart Mobility ETF 13.8 45 15 5.3 +5.0
DRIV Global X Autonomous & Electric Vehicles ETF 12.6 68 -8 5.4 +5.0
FXN First Trust Energy AlphaDEX Fund 12.3 65 -5 -0.8 -1.1
SDG iShares Sustainable MSCI Global Impact ETF 12.0 49 11 5.6 +5.3
CARZ First Trust NASDAQ Global Auto Index Fund 11.7 70 -10 14.2 +13.9
FTXR First Trust Nasdaq Transportation ETF 11.7 60 0 6.3 +6.0
SFYF SoFi 50 ETF 11.7 29 31 5.1 +4.7
ARKQ Ark Industrial Innovation ETF 11.7 75 -15 0.6 +0.3
ARKW ARK Web x.0 ETF 11.7 76 -16 -0.8 -1.2
ARKK ARK Innovation ETF 11.7 75 -15 -2.8 -3.1
EKAR Innovation Shares NextGen Vehicles & Technology ETF 10.7 95 -35 8.0 +7.7
MOTO SmartETFs Smart Transportation & Technology ETF 10.0 68 -8 7.4 +7.1
KOMP SPDR Kensho New Economies Composite ETF 9.6 20 40 2.6 +2.2
IYK iShares U.S. Consumer Goods ETF 9.6 42 18 5.1 +4.8
WOMN Impact Shares YWCA Women's Empowerment ETF 9.5 75 -15 4.5 +4.2
SIMS SPDR S&P Kensho Intelligent Structures ETF 9.1 45 15 6.0 +5.7
XNTK SPDR NYSE Technology ETF 9.0 35 25 3.6 +3.3
IDRV iShares Self-driving EV & Tech ETF 8.9 47 13 6.9 +6.6
FDG American Century Focused Dynamic Growth ETF 8.6 45 15 1.7 +1.4
KGRN KraneShares MSCI China Environment Index ETF 8.4 80 -20 4.8 +4.5
IQM Franklin Intelligent Machines ETF 8.2 50 10 2.0 +1.7
LOUP Innovator Loup Frontier Tech ETF 7.8 70 -10 3.9 +3.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 7.8 70 -10 7.4 +7.1
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 7.7 75 -15 2.0 +1.7
QMOM Alpha Architect U.S. Quantitative Momentum ETF 7.2 49 11 2.2 +1.9
ITEQ BlueStar Israel Technology ETF 7.1 75 -15 1.8 +1.5
SDGA Impact Shares Sustainable Development Goals Global ETF 6.7 75 -15 5.4 +5.1
PSCT Invesco S&P SmallCap Information Technology ETF 6.5 29 31 5.7 +5.4
FDIS Fidelity MSCI Consumer Discretionary Index ETF 6.0 8 52 3.4 +3.1
VXF Vanguard Extended Market Index Fund 5.9 7 53 3.8 +3.5
ISRA VanEck Vectors Israel ETF 5.9 62 -2 6.8 +6.5
ETHO Etho Climate Leadership U.S. ETF 5.9 47 13 4.4 +4.1
CHIQ Global X China Consumer ETF 5.8 65 -5 7.0 +6.7
FTXL First Trust Nasdaq Semiconductor ETF 5.5 60 0 4.9 +4.6
PRN Invesco DWA Industrials Momentum ETF 5.5 60 0 5.0 +4.7
PXSG Invesco S&P SmallCap Momentum ETF 5.4 39 21 5.1 +4.8
OSCV Opus Small Cap Value Plus ETF 5.4 79 -19 5.7 +5.4
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 5.3 60 0 2.9 +2.6
NACP Impact Shares NAACP Minority Empowerment ETF 5.2 75 -15 4.5 +4.2
TDV ProShares S&P Technology Dividend Aristocrats ETF 5.2 45 15 4.8 +4.5
RFG Invesco S&P Midcap 400 Pure Growth ETF 5.2 35 25 4.1 +3.8
MTUM iShares Edge MSCI USA Momentum Factor ETF 4.9 15 45 4.1 +3.8
VCR Vanguard Consumer Discretionary Index Fund 4.8 10 50 3.9 +3.6
BATT Amplify Advanced Battery Metals & Materials ETF 4.7 72 -12 2.4 +2.1
FMK First Trust Mega Cap AlphaDEX Fund 4.6 70 -10 5.2 +4.9
NUSC Nuveen ESG Small-Cap ETF 4.5 40 20 5.5 +5.2
ECLN First Trust EIP Carbon Impact ETF 4.4 96 -36 3.8 +3.5
FPX First Trust US IPO Index Fund 4.3 58 2 2.6 +2.3
ZMLP Direxion Zacks MLP High Income Shares 4.2 81 -21 4.6 +4.2
DIV Global X SuperDividend US ETF 4.1 46 14 7.2 +6.9
DTEC ALPS Disruptive Technologies ETF 4.1 50 10 3.6 +3.2
FYC First Trust Small Cap Growth AlphaDEX Fund 4.0 70 -10 2.6 +2.3
IPO Renaissance IPO ETF 4.0 60 0 23.1 +22.8
JKK iShares Morningstar Small-Cap Growth ETF 3.9 30 30 1.2 +0.9
AUSF Global X Adaptive U.S. Factor ETF 3.9 27 33 8.0 +7.7
DWAS Invesco DWA SmallCap Momentum ETF 3.9 60 0 -1.1 -1.4
IZRL ARK Israel Innovative Technology ETF 3.8 49 11 0.5 +0.1
JKE iShares Morningstar Large-Cap Growth ETF 3.7 25 35 2.8 +2.5
PLCY EventShares U.S. Legislative Opportunities ETF 3.7 75 -15 3.8 +3.5
ECOZ TrueMark ESG Active Opportunities ETF 3.6 58 2 4.2 +3.9
RTM Invesco S&P 500 Equal Weight Materials ETF 3.5 40 20 6.2 +5.9
IJT iShares S&P Small-Cap 600 Growth ETF 3.5 25 35 5.3 +4.9
SLYG SPDR S&P 600 Small Cap Growth ETF 3.5 15 45 5.4 +5.1
XT iShares Exponential Technologies ETF 3.5 47 13 5.1 +4.7
GVIP Goldman Sachs Hedge Industry VIP ETF 3.4 45 15 4.7 +4.4
VIOG Vanguard S&P Small-Cap 600 Growth ETF 3.4 16 44 5.3 +5.0
SLT Salt TruBeta High Exposure ETF 3.4 29 31 9.6 +9.3
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 3.3 30 30 5.8 +5.5
PSCI Invesco S&P SmallCap Industrials ETF 3.3 29 31 6.7 +6.4
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 3.1 60 0 8.7 +8.4
ENTR Entrepreneur 30 Fund 3.1 49 11 2.5 +2.2
PEXL Pacer US Export Leaders ETF 3.0 60 0 6.1 +5.8
JHMC John Hancock Multifactor Consumer Discretionary ETF 3.0 40 20 4.3 +4.0
JKJ iShares Morningstar Small-Cap ETF 3.0 25 35 6.9 +6.5
FDMO Fidelity Momentum Factor ETF 3.0 29 31 3.8 +3.5
XMMO Invesco S&P MidCap Momentum ETF 3.0 39 21 4.8 +4.4
IJJ iShares S&P Mid-Cap 400 Value ETF 2.9 25 35 8.8 +8.5
MDYV SPDR S&P 400 Mid Cap Value ETF 2.9 15 45 8.9 +8.6
IVOV Vanguard S&P Mid-Cap 400 Value ETF 2.9 15 45 8.8 +8.5
PSI Invesco Dynamic Semiconductors ETF 2.9 58 2 4.8 +4.4
QYLD Global X NASDAQ 100 Covered Call ETF 2.8 60 0 3.5 +3.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 2.8 29 31 5.8 +5.5
NUSI Nationwide Risk-Managed Income ETF 2.8 68 -8 3.5 +3.1
VFMO Vanguard U.S. Momentum Factor ETF 2.7 13 47 1.2 +0.8
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 2.7 17 43 5.3 +5.0
NULG Nuveen ESG Large-Cap Growth ETF 2.7 35 25 3.6 +3.3

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 Nasdaq Clean Edge Green Energy Index Fund
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 2.9 %
Divided by: Fwd. P/BV 3.2 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 0.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.67 CATEGORY
AVERAGE
1.52
 
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.