First Trust Cloud Computing ETF
ALTAR
Score™
2.2% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
40.8x P/Sales
ratio
3.8x
P/BV
ratio
5.7x Div.
yield
0.9%


  • 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) $4,474
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 64
Wgt avg mkt cap (mns) $224,522
Large cap (>$10bn) 70.0%
Mid cap ($2-10bn) 26.8%
Small cap (<$2bn) 3.1%
Developed mkts 96.0%
Emerging mkts 4.0%

TOP TEN HOLDINGS
AMAZON.COM INC 4.7 %
ALIBABA GROUP HOLDING LTD. SPONSOR 4.5 %
MICROSOFT CORP 4.2 %
FASTLY, INC. CLASS A 4.0 %
ALPHABET INC. CLASS A 3.9 %
ORACLE CORP 3.8 %
VMWARE INC-CLASS A 3.4 %
CENTURYTEL INC 3.0 %
MONGODB, INC. CLASS A 2.9 %
ARISTA NETWORKS, INC. 2.8 %
Total 37.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 87.6 %
CHINA 4.5 %
CANADA 3.1 %
BRITAIN 2.5 %
GERMANY 1.4 %






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.
23.6% 29.3% 21.0% -- 17.1%

Market Correlations
versus... Beta R-squared
S&P500 0.95 75%
MSCI EAFE 0.90 58%
MSCI Emg. Mkts. 0.61 41%

Technical Indicators
Recent close $74.50
30d moving avg. $73.23
Annualized volatility 18.7%
Short interest (ETF) 1.6%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 526
Turnover 0.9%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $60,611

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™: 2.2%


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 37.4 48 12 0.7 -1.5
AIQ Global X Future Analytics Tech ETF 35.3 68 -8 3.9 +1.7
TECB iShares US Tech Breakthrough Multisector ETF 32.9 40 20 4.0 +1.8
FXL First Trust Technology AlphaDEX Fund 32.6 61 -1 3.2 +1.0
THNQ ROBO Global Artificial Intelligence ETF 30.0 68 -8 1.9 -0.3
IGV iShares North American Tech-Software ETF 29.9 46 14 2.5 +0.3
XNTK SPDR NYSE Technology ETF 29.6 35 25 3.6 +1.4
JHMT John Hancock Multifactor Technology ETF 29.4 40 20 5.0 +2.8
IETC iShares Evolved U.S. Technology ETF 27.9 18 42 3.8 +1.6
IGM iShares Expanded Tech Sector ETF 27.5 46 14 3.8 +1.6
GDAT Goldman Sachs Motif Data-Driven World Etf 27.0 50 10 4.9 +2.7
XSW SPDR S&P Software & Services ETF 26.9 35 25 4.2 +2.0
FDN First Trust Dow Jones Internet Index Fund 26.2 52 8 2.2 -0.0
PTF Invesco DWA Technology Momentum ETF 25.8 60 0 1.3 -1.0
IYW iShares U.S. Technology ETF 24.7 42 18 4.0 +1.8
CLOU Global X Cloud Computing ETF 23.8 68 -8 0.7 -1.6
XITK SPDR FactSet Innovative Technology ETF 23.5 45 15 0.3 -1.9
WFH Direxion Work From Home ETF 23.3 45 15 5.4 +3.2
KOIN Innovation Shares NextGen Protocol ETF 22.4 95 -35 4.3 +2.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 22.2 75 -15 3.8 +1.6
CACG ClearBridge All Cap Growth ETF 21.8 54 6 4.4 +2.1
PNQI Invesco NASDAQ Internet ETF 21.5 62 -2 1.1 -1.2
AIEQ AI Powered Equity ETF 21.1 87 -27 3.7 +1.5
FTEC Fidelity MSCI Information Technology Index ETF 20.3 8 52 4.6 +2.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 20.3 12 48 4.8 +2.6
VGT Vanguard Information Technology Index Fund 20.0 10 50 4.6 +2.4
LRGE ClearBridge Large Cap Growth ESG ETF 20.0 59 1 3.8 +1.6
IFLY ETFMG Drone Economy Strategy ETF 19.7 68 -8 2.1 -0.2
QYLD Global X NASDAQ 100 Covered Call ETF 19.3 60 0 3.5 +1.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 19.2 60 0 4.4 +2.2
NUSI Nationwide Risk-Managed Income ETF 19.2 68 -8 3.5 +1.2
VONG Vanguard Russell 1000 Growth Index Fund 19.0 8 52 4.2 +2.0
QQQ Invesco QQQ Trust 18.8 20 40 3.8 +1.6
WCLD WisdomTree Cloud Computing Fund 18.6 45 15 2.1 -0.1
RYT Invesco S&P 500 Equal Weight Technology ETF 18.6 40 20 6.8 +4.6
IWF iShares Russell 1000 Growth ETF 18.3 19 41 4.1 +1.9
MTUM iShares Edge MSCI USA Momentum Factor ETF 18.3 15 45 4.1 +1.9
JKE iShares Morningstar Large-Cap Growth ETF 18.3 25 35 2.8 +0.6
EXT WisdomTree U.S. Total Earnings Fund 18.2 28 32 5.2 +3.0
LRNZ TrueMark Technology, AI & Deep Learning ETF 17.7 68 -8 0.8 -1.4
XLG Invesco S&P 500 Top 50 ETF 17.6 20 40 4.4 +2.2
IWY iShares Russell Top 200 Growth ETF 17.6 20 40 4.1 +1.9
ARKW ARK Web x.0 ETF 17.6 76 -16 -0.8 -3.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 17.5 15 45 6.2 +4.0
SYG SPDR MFS Systematic Growth Equity ETF 17.4 60 0 4.3 +2.1
SFY SoFi Select 500 ETF 17.4 0 60 5.2 +3.0
ECOZ TrueMark ESG Active Opportunities ETF 17.2 58 2 4.2 +2.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 17.1 21 39 2.9 +0.7
GVIP Goldman Sachs Hedge Industry VIP ETF 17.1 45 15 4.7 +2.5
QGRO American Century STOXX U.S. Quality Growth ETF 17.0 29 31 3.2 +1.0
BUYZ Franklin Disruptive Commerce ETF 16.9 50 10 -0.2 -2.4
SCHG Schwab U.S. Large-Cap Growth ETF 16.8 4 56 4.1 +1.9
IQSU IQ Candriam ESG US Equity ETF 16.8 9 51 5.1 +2.9
GIGE SoFi Gig Economy ETF 16.8 59 1 -0.5 -2.7
XLK Technology Select Sector SPDR Fund 16.7 13 47 4.7 +2.5
MGK Vanguard Mega Cap Growth ETF 16.7 7 53 4.1 +1.9
VUG Vanguard Growth Index Fund 16.7 4 56 4.0 +1.8
FVAL Fidelity Value Factor ETF 16.7 29 31 8.0 +5.8
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 16.7 57 3 4.9 +2.7
PSJ Invesco Dynamic Software ETF 16.5 58 2 4.0 +1.7
FMK First Trust Mega Cap AlphaDEX Fund 16.5 70 -10 5.2 +3.0
FDMO Fidelity Momentum Factor ETF 16.4 29 31 3.8 +1.6
STLG iShares Factors US Growth Style ETF 16.3 25 35 3.7 +1.5
OEF iShares S&P 100 ETF 16.2 20 40 4.8 +2.5
SFYF SoFi 50 ETF 16.1 29 31 5.1 +2.8
SPYG SPDR Portfolio S&P 500 Growth ETF 16.1 4 56 4.3 +2.1
IVW iShares S&P 500 Growth ETF 16.1 18 42 4.2 +2.0
VOOG Vanguard S&P 500 Growth ETF 16.1 10 50 4.2 +2.0
ESGV Vanguard ESG U.S. Stock ETF 16.0 12 48 5.2 +3.0
NACP Impact Shares NAACP Minority Empowerment ETF 15.9 75 -15 4.5 +2.3
IWL iShares Russell Top 200 ETF 15.8 15 45 5.0 +2.8
KRMA Global X Conscious Companies ETF 15.8 43 17 5.2 +3.0
IUSG iShares Core S&P US Growth ETF 15.8 4 56 4.3 +2.1
SPXV ProShares S&P 500 Ex-Health Care ETF 15.8 27 33 5.0 +2.8
VEGN US Vegan Climate ETF 15.6 60 0 5.2 +3.0
ESGU iShares MSCI USA ESG Optimized ETF 15.6 15 45 5.1 +2.9
SPXN ProShares S&P 500 Ex-Financials ETF 15.6 27 33 5.0 +2.8
IXN iShares Global Tech ETF 15.5 46 14 4.5 +2.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 15.4 20 40 5.0 +2.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 15.4 7 53 5.2 +3.0
PBUS Invesco PureBeta MSCI USA ETF 15.4 4 56 5.3 +3.1
BKLC BNY Mellon US Large Cap Core Equity ETF 15.4 0 60 5.2 +3.0
IWB iShares Russell 1000 ETF 15.3 15 45 5.2 +3.0
WOMN Impact Shares YWCA Women's Empowerment ETF 15.3 75 -15 4.5 +2.3
MGC Vanguard Mega Cap Index Fund 15.3 7 53 5.2 +3.0
BLOK Amplify Transformational Data Sharing ETF 15.2 70 -10 4.6 +2.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 15.2 2 58 5.3 +3.1
SCHX Schwab U.S. Large-Cap ETF 15.1 3 57 5.3 +3.1
VV Vanguard Large-Cap Index Fund 15.1 4 56 5.3 +3.1
RFFC RiverFront Dynamic US Flex-Cap ETF 15.1 52 8 4.7 +2.5
PDP Invesco DWA Momentum ETF 15.0 62 -2 2.8 +0.6
VONE Vanguard Russell 1000 ETF 15.0 8 52 5.3 +3.1
SCHK Schwab 1000 Index ETF 15.0 5 55 5.3 +3.1
ENTR Entrepreneur 30 Fund 14.9 49 11 2.5 +0.3
ALFA AlphaClone Alternative Alpha ETF 14.9 65 -5 3.4 +1.2
SPXE ProShares S&P 500 Ex-Energy ETF 14.9 27 33 5.3 +3.1
PBP Invesco S&P 500 BuyWrite ETF 14.9 49 11 5.0 +2.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 14.9 20 40 5.4 +3.1
IYY iShares Dow Jones U.S. ETF 14.9 20 40 5.2 +3.0
ARKF ARK Fintech Innovation ETF 14.9 75 -15 0.5 -1.7

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 15.1 %
Divided by: Fwd. P/BV 5.4 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 2.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 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.