First Trust Nasdaq-100 Equal Weighted Index Fund
ALTAR
Score™
5.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
21.3x P/Sales
ratio
2.3x
P/BV
ratio
3.7x Div.
yield
1.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust NASDAQ-100 Equal Weighted Index objective is investment results that correspond to the price and yield of the NASDAQ-100 Equal Weighted Index. The Fund invests in the 100 largest n

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Apr 25, 2006
Assets (mns) $613
Currency USD
Expense ratio 60 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 103
Wgt avg mkt cap (mns) $101,562
Large cap (>$10bn) 98.5%
Mid cap ($2-10bn) 1.5%
Small cap (<$2bn) 0.0%
Developed mkts 94.7%
Emerging mkts 5.3%

TOP TEN HOLDINGS
REGENERON PHARMACEUTICALS 1.5 %
TESLA MOTORS INC 1.5 %
CITRIX SYSTEMS INC 1.5 %
JD.COM INC-ADR 1.4 %
GILEAD SCIENCES INC 1.3 %
NETFLIX INC 1.3 %
NVIDIA CORP 1.3 %
AMAZON.COM INC 1.3 %
T-MOBILE US, INC. 1.3 %
VERTEX PHARMACEUTICALS INC 1.3 %
Total 13.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 89.9 %
CHINA 4.4 %
BRITAIN 1.8 %
NETHERLANDS 1.8 %
ISRAEL 1.1 %
ARGENTINA 1.0 %





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.
-15.5% -2.5% 7.9% 12.3% 9.2%

Market Correlations
versus... Beta R-squared
S&P500 1.04 93%
MSCI EAFE 0.96 77%
MSCI Emg. Mkts. 0.75 69%

Technical Indicators
Recent close $59.55
30d moving avg. $65.61
Annualized volatility 16.4%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.6%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 196
Turnover 1.9%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $164,095

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Nasdaq-100 Equal Weighted Index Fund ETF based on the alternatives' overlap in portfolio holdings with QQEW. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QQEW Expense: 60 bp ALTAR Score™: 5.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QQEW
Ticker Fund
Name
Overlap1
vs QQEW
(%)
Expense
ratio
(bp)
Savings
vs QQEW
(bp)
ALTAR
Score™
(%)
ALTAR
vs QQEW
(%)
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 99.7 35 25 5.9 +0.3
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 60.0 60 0 5.2 -0.5
QYLD Global X NASDAQ 100 Covered Call ETF 53.0 60 0 4.9 -0.7
NUSI Nationwide Risk-Managed Income ETF 51.5 68 -8 4.8 -0.9
QQQ Invesco QQQ Trust 51.1 20 40 5.5 -0.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 41.1 21 39 4.4 -1.2
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 40.0 57 3 6.4 +0.8
RPG Invesco S&P 500 Pure Growth ETF 35.6 35 25 6.6 +0.9
RYT Invesco S&P 500 Equal Weight Technology ETF 33.9 40 20 8.4 +2.7
JKE iShares Morningstar Large-Cap Growth ETF 29.2 25 35 4.8 -0.9
JHMT John Hancock Multifactor Technology ETF 28.8 40 20 6.9 +1.3
FLQL Franklin LibertyQ U.S. Equity ETF 28.6 15 45 8.2 +2.5
JQUA JPMorgan U.S. Quality Factor ETF 28.3 12 48 6.8 +1.1
XNTK SPDR Morgan Stanley Technology ETF 28.0 35 25 5.5 -0.2
EQWL Invesco Russell Top 200 Equal Weight ETF 27.6 25 35 7.8 +2.1
VUG Vanguard Growth Index Fund 27.5 4 56 5.6 -0.0
FTC First Trust Large Cap Growth AlphaDEX Fund 27.2 61 -1 4.5 -1.2
VONG Vanguard Russell 1000 Growth Index Fund 27.2 8 52 5.9 +0.2
IWF iShares Russell 1000 Growth ETF 27.2 19 41 5.8 +0.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 27.0 75 -15 5.1 -0.6
IGM iShares North American Tech ETF 27.0 46 14 5.4 -0.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 26.4 60 0 6.1 +0.4
QGRO American Century STOXX U.S. Quality Growth ETF 26.3 29 31 4.6 -1.1
VOOG Vanguard S&P 500 Growth ETF 26.3 10 50 5.8 +0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 26.3 4 56 5.9 +0.2
TECB iShares US Tech Breakthrough Multisector ETF 26.3 40 20 5.5 -0.2
IVW iShares S&P 500 Growth ETF 26.3 18 42 5.8 +0.1
SPXN ProShares S&P 500 Ex-Financials ETF 25.7 27 33 6.8 +1.1
CATH Global X S&P 500 Catholic Values Custom ETF 25.5 29 31 7.1 +1.5
MGK Vanguard Mega Cap Growth ETF 25.5 7 53 5.7 +0.1
IWY iShares Russell Top 200 Growth ETF 25.4 20 40 5.7 -0.0
IUSG iShares Core S&P US Growth ETF 25.3 4 56 5.9 +0.3
PSET Principal Price Setters Index ETF 25.2 29 31 7.1 +1.5
FXL First Trust Technology AlphaDEX Fund 25.0 61 -1 5.5 -0.2
VOT Vanguard Mid-Cap Growth Index Fund 24.8 7 53 5.1 -0.6
NULG Nuveen ESG Large-Cap Growth ETF 24.8 35 25 4.8 -0.8
SPHB Invesco S&P 500 High Beta ETF 24.8 25 35 11.7 +6.0
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 24.8 49 11 11.4 +5.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 24.7 9 51 7.4 +1.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 24.7 49 11 5.6 -0.1
HSPX Global X S&P 500 Covered Call ETF 24.7 65 -5 6.4 +0.7
PBP Invesco S&P 500 BuyWrite ETF 24.4 49 11 6.7 +1.0
IETC iShares Evolved U.S. Technology ETF 24.2 18 42 5.5 -0.2
VEGN US Vegan Climate ETF 24.2 60 0 7.2 +1.6
ESGV Vanguard ESG U.S. Stock ETF 24.1 12 48 7.1 +1.5
IQSU IQ Candriam ESG US Equity ETF 24.1 9 51 6.9 +1.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 24.0 15 45 7.1 +1.4
SCHG Schwab U.S. Large-Cap Growth ETF 24.0 4 56 5.7 +0.1
SFY SoFi Select 500 ETF 24.0 0 60 6.8 +1.1
KRMA Global X Conscious Companies ETF 23.9 43 17 7.5 +1.9
XT iShares Exponential Technologies ETF 23.9 47 13 6.9 +1.2
FQAL Fidelity Quality Factor ETF 23.7 29 31 7.2 +1.6
TMFC Motley Fool 100 Index ETF 23.6 50 10 5.2 -0.5
MGC Vanguard Mega Cap Index Fund 23.6 7 53 7.0 +1.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 23.6 20 40 7.2 +1.6
SPXE ProShares S&P 500 Ex-Energy ETF 23.6 27 33 7.1 +1.5
VV Vanguard Large-Cap Index Fund 23.6 4 56 7.1 +1.5
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 23.5 49 11 7.7 +2.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 23.3 2 58 7.2 +1.5
IWL iShares Russell Top 200 ETF 23.2 15 45 6.8 +1.1
SPY SPDR S&P 500 ETF Trust 23.2 9 51 7.2 +1.5
VOO VANGUARD S&P 500 ETF 23.2 3 57 7.3 +1.6
SPLG SPDR Portfolio Large Cap ETF 23.1 3 57 7.3 +1.6
IVV iShares Core S&P 500 ETF 23.1 4 56 7.3 +1.6
SPXV ProShares S&P 500 Ex-Health Care ETF 23.1 27 33 6.9 +1.3
CACG ClearBridge All Cap Growth ETF 23.0 54 6 5.8 +0.1
PBUS Invesco PureBeta MSCI USA ETF 23.0 4 56 7.4 +1.7
SCHX Schwab U.S. Large-Cap ETF 22.8 3 57 7.2 +1.5
XLK Technology Select Sector SPDR Fund 22.7 13 47 6.4 +0.8
IYW iShares U.S. Technology ETF 22.7 42 18 5.7 +0.0
RNLC Large Cap US Equity Select ETF 22.6 60 0 8.2 +2.6
JMOM JPMorgan U.S. Momentum Factor ETF 22.6 12 48 5.3 -0.4
SPYB SPDR S&P 500 Buyback ETF 22.5 35 25 11.7 +6.1
QUS SPDR MSCI USA StrategicFactors ETF 22.5 15 45 7.4 +1.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 22.5 19 41 7.7 +2.0
VONE Vanguard Russell 1000 ETF 22.4 8 52 7.2 +1.5
JHML John Hancock Multifactor Large Cap ETF 22.4 34 26 7.6 +2.0
IWB iShares Russell 1000 ETF 22.3 15 45 7.1 +1.4
SCHK Schwab 1000 Index ETF 22.2 5 55 7.2 +1.5
FTEC Fidelity MSCI Information Technology Index ETF 22.1 8 52 6.4 +0.7
VGT Vanguard Information Technology Index Fund 22.1 10 50 6.3 +0.7
ESGU iShares MSCI USA ESG Optimized ETF 22.1 15 45 6.8 +1.2
IYY iShares Dow Jones U.S. ETF 22.1 20 40 7.1 +1.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 22.0 20 40 6.8 +1.1
FEX First Trust Large Cap Core AlphaDEX Fund 22.0 60 0 8.2 +2.5
IUS Invesco Strategic US ETF 22.0 19 41 8.1 +2.5
QLC FlexShares US Quality Large Cap Index Fund 21.9 32 28 7.6 +1.9
QSY WisdomTree U.S. LargeCap Value Fund 21.8 38 22 9.7 +4.0
SPTM SPDR Portfolio Total Stock Market ETF 21.8 3 57 7.4 +1.8
JKH iShares Morningstar Mid-Cap Growth ETF 21.8 30 30 3.6 -2.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 21.7 12 48 6.9 +1.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 21.7 17 43 9.1 +3.4
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 21.6 60 0 9.2 +3.5
IWP iShares Russell Mid-Cap Growth ETF 21.5 24 36 6.1 +0.4
AVUS Avantis U.S. Equity ETF 21.5 15 45 8.1 +2.5
VTHR Vanguard Russell 3000 Index Fund 21.4 10 50 7.1 +1.4
SCHB Schwab U.S. Broad Market ETF 21.4 3 57 7.2 +1.5
DSTL Distillate US Fundamental Stability & Value ETF 21.4 39 21 7.8 +2.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 21.4 3 57 7.1 +1.5
VTI Vanguard Total Stock Market Index Fund 21.4 3 57 7.1 +1.4

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

  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-100 Equal Weighted Index Fund
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 21.8 %
Divided by: Fwd. P/BV 3.5 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.51
 
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.