First Trust Nasdaq-100 Equal Weighted Index Fund
ALTAR
Score™
4.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
32.5x P/Sales
ratio
4.2x
P/BV
ratio
5.5x Div.
yield
0.8%


  • 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 19, 2006
Assets (mns) $1,249
Currency USD
Expense ratio 59 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 102
Wgt avg mkt cap (mns) $157,957
Large cap (>$10bn) 98.3%
Mid cap ($2-10bn) 0.7%
Small cap (<$2bn) 0.0%
Developed mkts 94.9%
Emerging mkts 5.2%

TOP TEN HOLDINGS
BAIDU INC - SPON ADR 1.2 %
TESLA MOTORS INC 1.2 %
NETEASE.COM INC-ADR 1.2 %
APPLIED MATERIALS INC 1.2 %
ASML HOLDING NV-NY REG SHS 1.2 %
KLA-TENCOR CORPORATION 1.1 %
LAM RESEARCH CORP 1.1 %
MERCADOLIBRE INC 1.1 %
JD.COM INC-ADR 1.1 %
WALGREENS BOOTS ALLIANCE INC 1.1 %
Total 11.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 88.0 %
CHINA 5.6 %
NETHERLANDS 2.2 %
ARGENTINA 1.1 %
BERMUDA 1.1 %
ISRAEL 1.0 %
BRITAIN 0.9 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
37.3% 37.3% 19.0% 16.3% 12.4%

Market Correlations
versus... Beta R-squared
S&P500 1.06 94%
MSCI EAFE 1.00 83%
MSCI Emg. Mkts. 0.82 71%

Technical Indicators
Recent close $104.54
30d moving avg. $101.10
Annualized volatility 20.4%
Short interest (ETF) 0.6%
Short interest (Underlying) 4.6%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 92
Turnover 0.8%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $141,284

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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: 59 bp ALTAR Score™: 4.0%


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 99.6 35 24 4.3 +0.3
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 59.3 60 -1 4.4 +0.4
QYLD Global X NASDAQ 100 Covered Call ETF 53.3 60 -1 3.1 -0.9
NUSI Nationwide Risk-Managed Income ETF 52.6 68 -9 3.1 -0.9
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 52.4 60 -1 3.1 -0.9
QQQ Invesco QQQ Trust 51.8 20 39 3.4 -0.6
QQQM Invesco NASDAQ 100 ETF 51.8 15 44 3.5 -0.5
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 40.7 57 2 3.5 -0.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 37.2 21 38 2.8 -1.2
JOET Virtus Terranova US Quality Momentum ETF 36.9 29 30 4.6 +0.6
ESGV Vanguard ESG U.S. Stock ETF 32.6 12 47 4.5 +0.5
FLQL Franklin LibertyQ U.S. Equity ETF 32.4 15 44 5.9 +1.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 31.5 75 -16 2.0 -2.0
RPG Invesco S&P 500 Pure Growth ETF 31.2 35 24 2.7 -1.3
RYT Invesco S&P 500 Equal Weight Technology ETF 31.2 40 19 5.7 +1.7
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF 29.9 69 -10 4.0 +0.0
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 29.2 49 10 4.2 +0.2
JHMT John Hancock Multifactor Technology ETF 29.1 40 19 4.0 -0.0
SPQQ Siren Large Cap Blend Index ETF 28.4 20 39 4.2 +0.2
IGM iShares Expanded Tech Sector ETF 27.6 46 13 3.3 -0.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 27.3 30 29 5.2 +1.2
EQWL Invesco Russell Top 200 Equal Weight ETF 27.0 25 34 5.6 +1.6
QGRO American Century STOXX U.S. Quality Growth ETF 26.9 29 30 3.7 -0.3
JKE iShares Morningstar Large-Cap Growth ETF 26.8 25 34 2.2 -1.8
PWB Invesco Dynamic Large Cap Growth ETF 26.7 56 3 2.1 -1.9
QLC FlexShares US Quality Large Cap Index Fund 26.7 32 27 4.4 +0.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 26.7 60 -1 3.6 -0.4
JQUA JPMorgan U.S. Quality Factor ETF 26.6 12 47 5.0 +1.1
VUG Vanguard Growth Index Fund 26.5 4 55 3.5 -0.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 26.4 9 50 4.8 +0.8
IWF iShares Russell 1000 Growth ETF 26.1 19 40 3.4 -0.6
SPXN ProShares S&P 500 Ex-Financials ETF 26.0 27 32 4.3 +0.4
IQSU IQ Candriam ESG US Equity ETF 25.9 9 50 4.5 +0.5
BKLC BNY Mellon US Large Cap Core Equity ETF 25.9 0 59 4.4 +0.5
VOOG Vanguard S&P 500 Growth ETF 25.8 10 49 3.9 -0.1
USXF iShares ESG Advanced MSCI USA ETF 25.7 10 49 4.5 +0.5
TECB iShares US Tech Breakthrough Multisector ETF 25.6 40 19 3.5 -0.5
FTC First Trust Large Cap Growth AlphaDEX Fund 25.6 61 -2 2.2 -1.8
VONG Vanguard Russell 1000 Growth Index Fund 25.4 8 51 3.5 -0.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 25.4 15 44 5.8 +1.8
TTAC TrimTabs US Free Cash Flow Quality ETF 25.2 59 0 3.4 -0.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 25.2 49 10 3.4 -0.6
MGC Vanguard Mega Cap Index Fund 25.0 7 52 4.6 +0.6
QUS SPDR MSCI USA StrategicFactors ETF 25.0 15 44 5.3 +1.3
MTUM iShares MSCI USA Momentum Factor ETF 24.9 15 44 2.2 -1.8
IYW iShares U.S. Technology ETF 24.9 43 16 3.3 -0.7
JMOM JPMorgan U.S. Momentum Factor ETF 24.9 12 47 3.0 -1.0
SPYG SPDR Portfolio S&P 500 Growth ETF 24.9 4 55 3.6 -0.4
IVW iShares S&P 500 Growth ETF 24.9 18 41 3.5 -0.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 24.8 7 52 4.5 +0.5
CATH Global X S&P 500 Catholic Values Custom ETF 24.8 29 30 4.6 +0.6
SFY SoFi Select 500 ETF 24.8 0 59 4.6 +0.6
IWL iShares Russell Top 200 ETF 24.7 15 44 4.4 +0.4
VEGN US Vegan Climate ETF 24.6 60 -1 3.9 -0.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 24.5 2 57 4.6 +0.6
SYG SPDR MFS Systematic Growth Equity ETF 24.4 60 -1 3.4 -0.6
ESGU iShares MSCI USA ESG Optimized ETF 24.3 15 44 4.4 +0.4
IWY iShares Russell Top 200 Growth ETF 24.3 20 39 3.5 -0.5
PBP Invesco S&P 500 BuyWrite ETF 24.3 49 10 4.3 +0.3
XVV iShares ESG Screened S&P 500 ETF 24.3 8 51 4.9 +0.9
PBUS Invesco PureBeta MSCI USA ETF 24.2 4 55 4.6 +0.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 24.2 12 47 4.0 -0.0
VV Vanguard Large-Cap Index Fund 24.2 4 55 4.6 +0.6
IETC iShares Evolved U.S. Technology ETF 24.2 18 41 3.4 -0.6
NULG Nuveen ESG Large-Cap Growth ETF 24.1 35 24 2.9 -1.1
MGK Vanguard Mega Cap Growth ETF 24.1 7 52 3.6 -0.4
SPXE ProShares S&P 500 Ex-Energy ETF 24.0 27 32 4.6 +0.6
IUSG iShares Core S&P US Growth ETF 24.0 4 55 3.6 -0.4
LSAF LeaderShares AlphaFactor US Core Equity ETF 24.0 75 -16 5.2 +1.2
XYLG Global X S&P 500 Covered Call & Growth ETF 23.9 60 -1 4.4 +0.4
SPY SPDR S&P 500 ETF Trust 23.7 9 50 4.7 +0.7
IVV iShares Core S&P 500 ETF 23.7 3 56 4.7 +0.7
CLRG IQ Chaikin U.S. Large Cap ETF 23.7 25 34 5.0 +1.0
SPLG SPDR Portfolio Large Cap ETF 23.7 3 56 4.7 +0.7
VOT Vanguard Mid-Cap Growth Index Fund 23.6 7 52 2.7 -1.3
SPMO Invesco S&P 500 Momentum ETF 23.6 13 46 3.8 -0.2
SCHX Schwab U.S. Large-Cap ETF 23.6 3 56 4.5 +0.6
FXL First Trust Technology AlphaDEX Fund 23.6 61 -2 3.4 -0.6
KRMA Global X Conscious Companies ETF 23.5 43 16 4.9 +0.9
SPXV ProShares S&P 500 Ex-Health Care ETF 23.5 27 32 4.3 +0.3
XNTK SPDR NYSE Technology ETF 23.5 35 24 2.7 -1.3
VOO VANGUARD S&P 500 ETF 23.4 3 56 4.8 +0.8
SPGP Invesco S&P 500 GARP ETF 23.4 34 25 6.2 +2.2
RNLC Large Cap US Equity Select ETF 23.4 60 -1 5.2 +1.3
TMFC Motley Fool 100 Index ETF 23.4 50 9 3.0 -1.0
FTEC Fidelity MSCI Information Technology Index ETF 23.3 8 51 3.9 -0.1
XT iShares Exponential Technologies ETF 23.2 47 12 4.4 +0.5
VGT Vanguard Information Technology Index Fund 23.2 10 49 3.9 -0.1
SUSA iShares MSCI USA ESG Select ETF 23.2 25 34 4.2 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 23.2 20 39 4.8 +0.8
THNQ ROBO Global Artificial Intelligence ETF 23.1 68 -9 1.3 -2.7
SPHQ Invesco S&P 500 Quality ETF 23.0 15 44 4.4 +0.4
IWB iShares Russell 1000 ETF 22.9 15 44 4.4 +0.5
IYY iShares Dow Jones U.S. ETF 22.9 20 39 4.4 +0.4
SCHK Schwab 1000 Index ETF 22.9 5 54 4.6 +0.6
ETHO Etho Climate Leadership U.S. ETF 22.7 47 12 3.6 -0.4
ROUS Hartford Multifactor US Equity ETF 22.5 19 40 5.8 +1.9
XLK Technology Select Sector SPDR Fund 22.5 13 46 4.2 +0.2
JHML John Hancock Multifactor Large Cap ETF 22.5 29 30 4.8 +0.8

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 4.8 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 4.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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