First Trust Cloud Computing ETF
ALTAR
Score™
3.0% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
30.2x P/Sales
ratio
3.1x
P/BV
ratio
4.6x Div.
yield
1.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust ISE Cloud Computing Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the ISE Cloud Computing Index.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Jul 06, 2011
Assets (mns) $2,016
Currency USD
Expense ratio 60 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 61
Wgt avg mkt cap (mns) $200,014
Large cap (>$10bn) 63.6%
Mid cap ($2-10bn) 28.5%
Small cap (<$2bn) 7.8%
Developed mkts 95.9%
Emerging mkts 4.1%

TOP TEN HOLDINGS
AMAZON.COM INC 5.5 %
MICROSOFT CORP 5.2 %
ORACLE CORP 4.5 %
ALPHABET INC. CLASS A 4.3 %
CITRIX SYSTEMS INC 4.3 %
ALIBABA GROUP HOLDING LTD. SPONSOR 4.0 %
VMWARE INC-CLASS A 3.9 %
AKAMAI TECHNOLOGIES 3.8 %
MONGODB, INC. CLASS A 3.5 %
CISCO SYSTEMS INC 3.0 %
Total 41.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 89.6 %
CHINA 4.0 %
CANADA 3.4 %
GERMANY 1.3 %
BRITAIN 0.6 %






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.
-9.7% -5.0% 13.8% -- 13.5%

Market Correlations
versus... Beta R-squared
S&P500 0.87 73%
MSCI EAFE 0.75 53%
MSCI Emg. Mkts. 0.52 37%

Technical Indicators
Recent close $51.17
30d moving avg. $55.21
Annualized volatility 15.5%
Short interest (ETF) 0.2%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 599
Turnover 1.5%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $47,931

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Cloud Computing ETF ETF based on the alternatives' overlap in portfolio holdings with SKYY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SKYY Expense: 60 bp ALTAR Score™: 3.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SKYY
Ticker Fund
Name
Overlap1
vs SKYY
(%)
Expense
ratio
(bp)
Savings
vs SKYY
(bp)
ALTAR
Score™
(%)
ALTAR
vs SKYY
(%)
OGIG O'Shares Global Internet Giants ETF 36.9 48 12 1.0 -2.0
AIQ Global X Future Analytics Tech ETF 35.7 68 -8 5.8 +2.8
XNTK SPDR Morgan Stanley Technology ETF 33.5 35 25 5.5 +2.5
TECB iShares US Tech Breakthrough Multisector ETF 31.5 40 20 5.5 +2.4
IGV iShares North American Tech-Software ETF 31.3 46 14 3.6 +0.5
IETC iShares Evolved U.S. Technology ETF 29.5 18 42 5.4 +2.4
IGM iShares North American Tech ETF 29.1 46 14 5.5 +2.5
JHMT John Hancock Multifactor Technology ETF 28.9 40 20 6.9 +3.9
FDN First Trust Dow Jones Internet Index Fund 27.7 52 8 3.9 +0.8
XSW SPDR S&P Software & Services ETF 27.6 35 25 5.2 +2.2
CLOU Global X Cloud Computing ETF 26.3 68 -8 1.8 -1.2
GDAT Goldman Sachs Motif Data-Driven World Etf 26.0 50 10 7.0 +4.0
IYW iShares U.S. Technology ETF 25.4 42 18 5.7 +2.7
KOIN Innovation Shares NextGen Protocol ETF 24.0 95 -35 5.9 +2.9
WCLD WisdomTree Cloud Computing Fund 23.3 45 15 2.8 -0.2
LRGE ClearBridge Large Cap Growth ESG ETF 23.0 60 0 5.4 +2.4
CACG ClearBridge All Cap Growth ETF 22.2 54 6 5.7 +2.7
XITK SPDR FactSet Innovative Technology ETF 21.4 45 15 0.9 -2.1
VGT Vanguard Information Technology Index Fund 21.1 10 50 6.3 +3.3
FTEC Fidelity MSCI Information Technology Index ETF 21.0 8 52 6.3 +3.3
IWY iShares Russell Top 200 Growth ETF 20.9 20 40 5.6 +2.6
RYT Invesco S&P 500 Equal Weight Technology ETF 20.7 40 20 8.4 +5.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 20.7 60 0 6.0 +3.0
QYLD Global X NASDAQ 100 Covered Call ETF 20.4 60 0 5.0 +2.0
IWF iShares Russell 1000 Growth ETF 20.3 19 41 5.8 +2.7
VONG Vanguard Russell 1000 Growth Index Fund 20.3 8 52 5.9 +2.8
QQQ Invesco QQQ Trust 20.1 20 40 5.5 +2.4
NUSI Nationwide Risk-Managed Income ETF 20.1 68 -8 5.0 +2.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 20.0 75 -15 5.0 +2.0
PTF Invesco DWA Technology Momentum ETF 19.7 60 0 2.2 -0.9
XLK Technology Select Sector SPDR Fund 19.6 13 47 6.4 +3.4
SYG SPDR MFS Systematic Growth Equity ETF 19.4 60 0 6.4 +3.4
XLG Invesco S&P 500 Top 50 ETF 19.3 20 40 6.0 +3.0
JKE iShares Morningstar Large-Cap Growth ETF 19.2 25 35 4.7 +1.7
TDIV First Trust NASDAQ Technology Dividend Index Fund 18.7 50 10 7.7 +4.7
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 18.5 21 39 4.4 +1.4
IQSU IQ Candriam ESG US Equity ETF 18.3 9 51 6.8 +3.8
MGK Vanguard Mega Cap Growth ETF 18.2 7 53 5.7 +2.7
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 18.1 12 48 6.4 +3.3
AIEQ AI Powered Equity ETF 18.0 87 -27 5.1 +2.0
LRNZ TrueMark Technology, AI & Deep Learning ETF 18.0 68 -8 1.6 -1.4
VUG Vanguard Growth Index Fund 18.0 4 56 5.6 +2.6
GVIP Goldman Sachs Hedge Industry VIP ETF 18.0 45 15 6.7 +3.7
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 17.9 57 3 6.4 +3.4
SCHG Schwab U.S. Large-Cap Growth ETF 17.7 4 56 5.7 +2.7
BUYZ Franklin Disruptive Commerce ETF 17.6 50 10 0.3 -2.8
NACP Impact Shares NAACP Minority Empowerment ETF 17.6 75 -15 6.3 +3.3
VOOG Vanguard S&P 500 Growth ETF 17.6 10 50 5.8 +2.8
IXN iShares Global Tech ETF 17.5 46 14 6.3 +3.2
SPYG SPDR Portfolio S&P 500 Growth ETF 17.5 4 56 5.9 +2.8
IVW iShares S&P 500 Growth ETF 17.5 18 42 5.7 +2.7
FVAL Fidelity Value Factor ETF 17.4 29 31 11.1 +8.1
IUSG iShares Core S&P US Growth ETF 17.2 4 56 5.9 +2.9
ARKW ARK Web x.0 ETF 17.1 76 -16 -0.7 -3.7
EXT WisdomTree U.S. Total Earnings Fund 17.0 28 32 7.8 +4.8
SFY SoFi Select 500 ETF 17.0 0 60 6.7 +3.7
OEF iShares S&P 100 ETF 16.8 20 40 6.4 +3.4
ARKF ARK Fintech Innovation ETF 16.7 75 -15 2.0 -1.1
RFFC RiverFront Dynamic US Flex-Cap ETF 16.6 52 8 7.7 +4.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 16.5 15 45 7.0 +3.9
FXL First Trust Technology AlphaDEX Fund 16.5 61 -1 5.6 +2.6
SPXV ProShares S&P 500 Ex-Health Care ETF 16.3 27 33 6.9 +3.9
ENTR Entrepreneur 30 Fund 16.3 49 11 3.5 +0.4
GIGE SoFi Gig Economy ETF 16.2 59 1 -0.3 -3.3
IWL iShares Russell Top 200 ETF 16.2 15 45 6.7 +3.7
PNQI Invesco NASDAQ Internet ETF 16.1 62 -2 3.2 +0.2
SPXN ProShares S&P 500 Ex-Financials ETF 16.1 27 33 6.7 +3.7
SNPE Xtrackers S&P 500 ESG ETF 16.0 11 49 7.0 +3.9
WOMN Impact Shares YWCA Women's Empowerment ETF 16.0 75 -15 6.4 +3.3
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 15.9 49 11 7.7 +4.7
ESG FlexShares STOXX US ESG Impact Index Fund 15.9 32 28 6.9 +3.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 15.9 20 40 6.7 +3.7
VEGN US Vegan Climate ETF 15.8 60 0 7.2 +4.2
MGC Vanguard Mega Cap Index Fund 15.7 7 53 6.9 +3.9
NULG Nuveen ESG Large-Cap Growth ETF 15.7 35 25 4.8 +1.8
ESGV Vanguard ESG U.S. Stock ETF 15.6 12 48 7.1 +4.0
QGRO American Century STOXX U.S. Quality Growth ETF 15.6 29 31 4.6 +1.6
BLCN Reality Shares Nasdaq NextGen Economy ETF 15.4 68 -8 6.2 +3.2
IHAK iShares Cybersecurity & Tech ETF 15.4 47 13 4.9 +1.9
TMFC Motley Fool 100 Index ETF 15.3 50 10 5.3 +2.3
DSI iShares MSCI KLD 400 Social ETF 15.2 25 35 6.9 +3.8
HSPX Global X S&P 500 Covered Call ETF 15.0 65 -5 6.6 +3.6
ESGU iShares MSCI USA ESG Optimized ETF 15.0 15 45 6.8 +3.8
PBP Invesco S&P 500 BuyWrite ETF 15.0 49 11 6.8 +3.7
VV Vanguard Large-Cap Index Fund 14.8 4 56 7.1 +4.0
SPXE ProShares S&P 500 Ex-Energy ETF 14.8 27 33 7.1 +4.1
RFDA RiverFront Dynamic US Dividend Advantage ETF 14.7 52 8 8.0 +5.0
SPY SPDR S&P 500 ETF Trust 14.6 9 51 7.2 +4.1
VOO VANGUARD S&P 500 ETF 14.6 3 57 7.2 +4.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 14.6 2 58 7.2 +4.1
SPLG SPDR Portfolio Large Cap ETF 14.6 3 57 7.2 +4.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 14.6 20 40 7.2 +4.2
IVV iShares Core S&P 500 ETF 14.6 4 56 7.2 +4.2
IOO iShares Global 100 ETF 14.5 40 20 6.2 +3.2
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 14.5 49 11 5.5 +2.5
PBUS Invesco PureBeta MSCI USA ETF 14.5 4 56 7.2 +4.1
CATH Global X S&P 500 Catholic Values Custom ETF 14.5 29 31 7.1 +4.1
SCHX Schwab U.S. Large-Cap ETF 14.4 3 57 7.1 +4.1
VONE Vanguard Russell 1000 ETF 14.4 8 52 7.1 +4.1
IWB iShares Russell 1000 ETF 14.3 15 45 7.1 +4.0

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 Cloud Computing ETF
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 16.1 %
Divided by: Fwd. P/BV 4.4 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 3.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 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.