First Trust Cloud Computing ETF
ALTAR
Score™
2.4% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
36.9x P/Sales
ratio
3.9x
P/BV
ratio
5.9x 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) $5,201
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 63
Wgt avg mkt cap (mns) $233,625
Large cap (>$10bn) 75.3%
Mid cap ($2-10bn) 20.0%
Small cap (<$2bn) 3.9%
Developed mkts 95.7%
Emerging mkts 4.3%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 4.2 %
ORACLE CORP 4.1 %
VMWARE INC-CLASS A 4.0 %
ALPHABET INC. CLASS A 3.9 %
MICROSOFT CORP 3.7 %
AMAZON.COM INC 3.6 %
KINGSOFT CLOUD HOLDINGS LTD SPONSO 3.5 %
MONGODB, INC. CLASS A 3.4 %
ARISTA NETWORKS, INC. 3.1 %
CENTURYTEL INC 2.9 %
Total 36.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 85.9 %
CHINA 7.7 %
BRITAIN 2.7 %
CANADA 2.5 %
GERMANY 1.2 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
30.3% 39.5% 23.5% -- 17.3%

Market Correlations
versus... Beta R-squared
S&P500 0.95 76%
MSCI EAFE 0.93 60%
MSCI Emg. Mkts. 0.62 41%

Technical Indicators
Recent close $82.10
30d moving avg. $80.15
Annualized volatility 19.4%
Short interest (ETF) 0.6%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 494
Turnover 0.8%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $59,062

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™: 2.4%


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
(%)
WFH Direxion Work From Home ETF 36.1 45 15 5.3 +3.0
OGIG O'Shares Global Internet Giants ETF 34.4 48 12 0.5 -1.8
AIQ Global X Future Analytics Tech ETF 32.9 68 -8 3.9 +1.6
TECB iShares US Tech Breakthrough Multisector ETF 30.4 40 20 3.9 +1.5
THNQ ROBO Global Artificial Intelligence ETF 30.2 68 -8 1.6 -0.8
IGV iShares Expanded Tech-Software ETF 29.6 46 14 2.2 -0.2
JHMT John Hancock Multifactor Technology ETF 28.5 40 20 4.7 +2.3
FXL First Trust Technology AlphaDEX Fund 28.3 61 -1 3.1 +0.8
XNTK SPDR NYSE Technology ETF 26.9 35 25 3.4 +1.1
IGM iShares Expanded Tech Sector ETF 26.0 46 14 3.6 +1.3
IETC iShares Evolved U.S. Technology ETF 26.0 18 42 3.7 +1.3
XSW SPDR S&P Software & Services ETF 25.8 35 25 4.3 +2.0
GDAT Goldman Sachs Motif Data-Driven World Etf 24.9 50 10 4.6 +2.3
ALFA AlphaClone Alternative Alpha ETF 24.5 65 -5 -0.5 -2.9
WUGI Esoterica NextG Economy ETF 24.5 75 -15 1.5 -0.9
IYW iShares U.S. Technology ETF 24.4 43 17 3.8 +1.4
FDN First Trust Dow Jones Internet Index Fund 24.1 52 8 2.0 -0.4
IFLY ETFMG Drone Economy Strategy ETF 23.7 68 -8 2.7 +0.4
WCLD WisdomTree Cloud Computing Fund 23.6 45 15 8.7 +6.3
XITK SPDR FactSet Innovative Technology ETF 22.3 45 15 0.2 -2.1
CLOU Global X Cloud Computing ETF 22.3 68 -8 0.5 -1.8
KOIN Innovation Shares NextGen Protocol ETF 20.8 95 -35 4.4 +2.0
MMLG First Trust Multi-Manager Large Growth ETF 20.4 85 -25 2.0 -0.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 20.3 75 -15 3.7 +1.4
CACG ClearBridge All Cap Growth ETF 19.4 54 6 4.2 +1.8
FTEC Fidelity MSCI Information Technology Index ETF 19.1 8 52 4.4 +2.0
VGT Vanguard Information Technology Index Fund 19.0 10 50 4.3 +2.0
PTF Invesco DWA Technology Momentum ETF 18.4 60 0 0.1 -2.3
PNQI Invesco NASDAQ Internet ETF 18.3 60 0 0.9 -1.4
SCHG Schwab U.S. Large-Cap Growth ETF 18.2 4 56 3.4 +1.0
AIEQ AI Powered Equity ETF 18.1 87 -27 2.7 +0.3
FDMO Fidelity Momentum Factor ETF 18.1 29 31 3.2 +0.8
SYG SPDR MFS Systematic Growth Equity ETF 17.9 60 0 3.9 +1.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 17.7 12 48 4.6 +2.3
PLAT WisdomTree Modern Tech Platforms Fund 17.6 20 40 1.5 -0.8
EXT WisdomTree U.S. Total Earnings Fund 17.4 28 32 5.3 +3.0
ARKW ARK Web x.0 ETF 17.4 76 -16 -0.8 -3.2
LRGE ClearBridge Large Cap Growth ESG ETF 17.2 59 1 3.6 +1.3
QYLD Global X NASDAQ 100 Covered Call ETF 17.2 60 0 3.4 +1.0
IWF iShares Russell 1000 Growth ETF 17.1 19 41 3.6 +1.2
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 17.1 60 0 3.4 +1.0
RYT Invesco S&P 500 Equal Weight Technology ETF 17.1 40 20 6.5 +4.2
QGRO American Century STOXX U.S. Quality Growth ETF 17.0 29 31 3.7 +1.3
MTUM iShares MSCI USA Momentum Factor ETF 16.9 15 45 4.1 +1.7
VONG Vanguard Russell 1000 Growth Index Fund 16.9 8 52 3.7 +1.3
QQQ Invesco QQQ Trust 16.8 20 40 3.7 +1.3
MGK Vanguard Mega Cap Growth ETF 16.7 7 53 3.9 +1.6
NUSI Nationwide Risk-Managed Income ETF 16.6 68 -8 3.2 +0.9
XOUT GraniteShares XOUT U.S. Large Cap ETF 16.5 60 0 3.9 +1.6
IWY iShares Russell Top 200 Growth ETF 16.4 20 40 3.7 +1.4
JKE iShares Morningstar Large-Cap Growth ETF 16.2 25 35 2.9 +0.5
VUG Vanguard Growth Index Fund 16.2 4 56 3.8 +1.4
LRNZ TrueMark Technology, AI & Deep Learning ETF 16.1 68 -8 0.3 -2.1
FTC First Trust Large Cap Growth AlphaDEX Fund 16.0 61 -1 2.6 +0.3
SFY SoFi Select 500 ETF 16.0 0 60 4.9 +2.6
BUYZ Franklin Disruptive Commerce ETF 15.9 50 10 -0.2 -2.6
XLG Invesco S&P 500 Top 50 ETF 15.8 20 40 4.3 +1.9
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 15.7 15 45 6.0 +3.7
ESGV Vanguard ESG U.S. Stock ETF 15.4 12 48 4.9 +2.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 15.3 21 39 3.0 +0.6
ECOZ TrueMark ESG Active Opportunities ETF 15.2 58 2 3.6 +1.2
XLK Technology Select Sector SPDR Fund 15.1 13 47 4.6 +2.2
IWFH iShares Virtual Work and Life Multisector ETF 15.0 47 13 0.9 -1.5
GVIP Goldman Sachs Hedge Industry VIP ETF 15.0 45 15 3.6 +1.3
GIGE SoFi Gig Economy ETF 14.9 59 1 -0.8 -3.2
IQSU IQ Candriam ESG US Equity ETF 14.9 9 51 4.9 +2.5
VEGN US Vegan Climate ETF 14.8 60 0 4.9 +2.5
VOOG Vanguard S&P 500 Growth ETF 14.8 10 50 4.1 +1.8
NACP Impact Shares NAACP Minority Empowerment ETF 14.8 75 -15 4.6 +2.3
SPQQ Siren Large Cap Blend Index ETF 14.8 20 40 4.7 +2.3
KRMA Global X Conscious Companies ETF 14.7 43 17 5.0 +2.6
TDIV First Trust NASDAQ Technology Dividend Index Fund 14.7 50 10 6.6 +4.2
SFYF SoFi 50 ETF 14.7 29 31 2.0 -0.3
TMFC Motley Fool 100 Index ETF 14.6 50 10 3.3 +0.9
JMOM JPMorgan U.S. Momentum Factor ETF 14.6 12 48 3.3 +0.9
SPYG SPDR Portfolio S&P 500 Growth ETF 14.6 4 56 4.2 +1.8
IVW iShares S&P 500 Growth ETF 14.6 18 42 16.6 +14.3
PSJ Invesco Dynamic Software ETF 14.5 56 4 11.5 +9.2
BLCN Reality Shares Nasdaq NextGen Economy ETF 14.4 68 -8 5.4 +3.1
OEF iShares S&P 100 ETF 14.3 20 40 4.6 +2.2
QLC FlexShares US Quality Large Cap Index Fund 14.3 32 28 5.0 +2.6
IWL iShares Russell Top 200 ETF 14.3 15 45 4.7 +2.4
USXF iShares ESG Advanced MSCI USA ETF 14.2 10 50 4.7 +2.4
BLOK Amplify Transformational Data Sharing ETF 14.2 70 -10 4.3 +1.9
IUSG iShares Core S&P US Growth ETF 14.2 4 56 4.2 +1.8
WOMN Impact Shares YWCA Women's Empowerment ETF 14.1 75 -15 4.1 +1.7
SLT Salt TruBeta High Exposure ETF 14.0 60 0 3.2 +0.8
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 14.0 57 3 5.0 +2.6
ENTR Entrepreneur 30 Fund 14.0 49 11 1.2 -1.2
ESGU iShares MSCI USA ESG Optimized ETF 14.0 15 45 4.8 +2.5
DSI iShares MSCI KLD 400 Social ETF 13.9 25 35 4.9 +2.5
CIBR First Trust NASDAQ CEA Cybersecurity ETF 13.9 60 0 3.3 +0.9
MGC Vanguard Mega Cap Index Fund 13.9 7 53 4.9 +2.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 13.9 9 51 5.3 +3.0
SPXV ProShares S&P 500 Ex-Health Care ETF 13.9 27 33 4.8 +2.4
IWB iShares Russell 1000 ETF 13.9 15 45 4.8 +2.5
NULG Nuveen ESG Large-Cap Growth ETF 13.9 35 25 3.6 +1.2
SCHX Schwab U.S. Large-Cap ETF 13.9 3 57 4.9 +2.6
STLG iShares Factors US Growth Style ETF 13.9 25 35 4.1 +1.7
PBUS Invesco PureBeta MSCI USA ETF 13.8 4 56 5.0 +2.6

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 15.8 %
Divided by: Fwd. P/BV 5.3 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 2.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 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.