First Trust Horizon Managed Volatility Developed Intl ETF
ALTAR
Score™		 5.2% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 15.9x P/Sales
ratio		 1.3x
P/BV
ratio		 1.4x Div.
yield		 4.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust Horizons Managed Volatility Developed International ETF is an active fund of low expected volatility mid- and large-cap stocks from developed markets.

FUND BASICS
Category International Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Aug 24, 2016
Assets (mns) $18
Currency USD
Expense ratio 80 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 157
Wgt avg mkt cap (mns) $33,180
Large cap (>$10bn) 85.5%
Mid cap ($2-10bn) 14.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CLP HOLDINGS LTD 2.1 %
ASCENDAS REAL ESTATE INV TRT 1.9 %
TELSTRA CORPORATION LIMITED 1.8 %
HONG KONG & CHINA GAS 1.8 %
CAPITALAND INTEGRATED COMMERCIAL T 1.8 %
OVERSEA-CHINESE BANKING CORP 1.5 %
UNITED OVERSEAS BANK LTD 1.5 %
DBS GROUP HOLDINGS LTD 1.4 %
KLEPIERRE 1.4 %
SOFTBANK CORP. 1.3 %
Total 16.4 %

TOP COUNTRY EXPOSURE
JAPAN 15.9 %
SINGAPORE 9.7 %
AUSTRALIA 8.4 %
FRANCE 8.3 %
HONG KONG 8.2 %
BRITAIN 7.2 %
SWITZERLAND 6.6 %
GERMANY 5.5 %
SWEDEN 5.4 %
ITALY 5.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
12.2% 18.8% 7.7% -- 6.0%

Market Correlations
versus... Beta R-squared
S&P500 0.46 26%
MSCI EAFE 0.61 70%
MSCI Emg. Mkts. 0.26 31%

Technical Indicators
Recent close $39.11
30d moving avg. $37.81
Annualized volatility 12.5%
Short interest (ETF) 0.2%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $6,540

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 393 potential alternatives to the First Trust Horizon Managed Volatility Developed Intl ETF ETF based on the alternatives' overlap in portfolio holdings with HDMV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: HDMV Expense: 80 bp ALTAR Score™: 5.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH HDMV
Ticker Fund
Name		 Overlap1
vs HDMV
(%)		 Expense
ratio
(bp)		 Savings
vs HDMV
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs HDMV
(%)
EFAV iShares MSCI EAFE Min Vol Factor ETF 37.3 22 58 5.6 +0.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 25.7 32 48 5.2 -0.0
QEFA SPDR MSCI EAFE StrategicFactors ETF 25.4 30 50 5.9 +0.7
LVHI Franklin International Low Volatility High Dividend Index ET 23.6 40 40 7.3 +2.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 22.6 9 71 7.5 +2.3
TPIF Timothy Plan International ETF 21.8 62 18 5.4 +0.2
EFV iShares MSCI EAFE Value ETF 21.6 34 46 7.2 +2.0
CIL VictoryShares International Volatility Wtd ETF 21.1 45 35 5.9 +0.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 20.1 25 55 6.1 +0.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 19.9 29 51 6.9 +1.7
JPIN J.P. Morgan Diversified Return International Equity ETF 19.9 37 43 6.9 +1.7
DIVI Franklin International Core Dividend Tilt Index ETF 19.8 9 71 6.4 +1.1
DWX SPDR S&P International Dividend ETF 19.7 45 35 6.6 +1.4
DTH WisdomTree International High Dividend Fund 19.3 58 22 7.0 +1.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 19.1 25 55 5.9 +0.7
JIVE JPMorgan International Value ETF 19.1 55 25 7.9 +2.7
AIVI WisdomTree International AI Enhanced Value Fund 18.5 58 22 5.9 +0.7
DOL WisdomTree International LargeCap Dividend Fund 18.3 48 32 5.4 +0.2
ESGD iShares ESG Aware MSCI EAFE ETF 17.9 20 60 5.6 +0.3
CEFA Global X S&P Catholic Values Developed ex-US ETF 17.5 35 45 5.4 +0.2
JHMD John Hancock Multifactor Developed International ETF 17.3 39 41 6.0 +0.8
DIM WisdomTree International MidCap Dividend Fund 17.3 58 22 6.2 +0.9
EFA iShares MSCI EAFE ETF 17.2 35 45 5.5 +0.3
HEFA iShares Currency Hedged MSCI EAFE ETF 17.2 35 45 5.5 +0.3
IQLT iShares MSCI Intl Quality Factor ETF 17.0 30 50 5.3 +0.1
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 16.8 12 68 5.1 -0.1
EFAS Global X MSCI SuperDividend EAFE ETF 16.7 57 23 6.9 +1.7
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 16.6 20 60 5.4 +0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 16.3 40 40 5.5 +0.3
DWM WisdomTree International Equity Fund 16.3 48 32 5.4 +0.2
DMXF iShares ESG Advanced MSCI EAFE ETF 16.1 12 68 4.8 -0.5
EPP iShares MSCI Pacific ex-Japan ETF 16.1 47 33 4.7 -0.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 15.9 36 44 5.1 -0.2
VYMI Vanguard International High Dividend Yield ETF 15.7 17 63 7.7 +2.5
IEV iShares Europe ETF 15.7 67 13 5.7 +0.4
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 15.7 19 61 5.1 -0.1
FLEE Franklin FTSE Europe ETF 15.7 9 71 6.1 +0.9
IMFL Invesco International Developed Dynamic Multifactor ETF 15.6 34 46 5.1 -0.2
GSID Goldman Sachs MarketBeta International Equity ETF 15.6 20 60 5.6 +0.4
BBEU JPMorgan BetaBuilders Europe ETF 15.5 9 71 6.0 +0.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 15.4 24 56 6.8 +1.6
GCOW Pacer Global Cash Cows Dividend ETF 15.3 60 20 9.1 +3.9
IQSI IQ Candriam International Equity ETF 15.3 15 65 5.4 +0.2
IEFA iShares Core MSCI EAFE ETF 15.2 7 73 5.9 +0.7
HFXI IQ FTSE International Equity Currency Neutral ETF 15.2 20 60 5.5 +0.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 15.2 46 34 5.2 -0.0
UIVM VictoryShares International Value Momentum ETF 15.1 35 45 7.7 +2.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 15.0 14 66 5.1 -0.1
IEUR iShares Core MSCI Europe ETF 14.9 11 69 6.2 +1.0
NUDM Nuveen ESG International Developed Markets Equity ETF 14.9 31 49 5.2 +0.0
SPEU SPDR Portfolio Europe ETF 14.7 7 73 6.3 +1.1
STXI Strive International Developed Markets ETF 14.5 29 51 6.3 +1.1
RFDI First Trust Riverfront Dynamic Developed International ETF 14.4 83 -3 7.3 +2.1
JIRE JPMorgan International Research Enhanced Equity ETF 14.4 24 56 5.6 +0.3
VGK Vanguard FTSE Europe ETF 14.3 6 74 6.3 +1.1
BKIE BNY Mellon International Equity ETF 14.3 4 76 17.4 +12.2
FIDI Fidelity International High Dividend ETF 14.2 18 62 6.9 +1.7
DWMF WisdomTree International Multifactor Fund 14.1 38 42 6.7 +1.5
IVLU iShares MSCI Intl Value Factor ETF 14.1 30 50 7.8 +2.6
IVSI Applied Finance IVS International Large ETF 13.9 65 15 5.7 +0.5
IDEV iShares Core MSCI International Developed Markets ETF 13.6 4 76 5.8 +0.6
FNDF Schwab Fundamental International Large Co. Index ETF 13.6 25 55 7.2 +2.0
FDEV Fidelity International Multifactor ETF 13.6 18 62 7.0 +1.8
SCHY Schwab International Dividend Equity ETF 13.6 14 66 8.1 +2.9
EZU iShares MSCI Eurozone ETF 13.3 52 28 5.4 +0.2
HEZU iShares Currency Hedged MSCI Eurozone ETF 13.3 53 27 5.2 +0.0
DFAI Dimensional International Core Equity Market ETF 13.3 18 62 5.9 +0.6
DFIV Dimensional International Value ETF 13.2 27 53 7.5 +2.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 13.2 39 41 6.1 +0.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 12.9 45 35 6.6 +1.4
SCHF Schwab International Equity ETF 12.9 6 74 5.8 +0.6
FICS First Trust International Developed Capital Strength ETF 12.8 70 10 6.4 +1.2
SPDW SPDR Portfolio Developed World ex-US ETF 12.8 3 77 5.7 +0.5
FENI Fidelity Enhanced International ETF 12.5 28 52 5.6 +0.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 12.4 56 24 9.3 +4.1
VEA Vanguard FTSE Developed Markets ETF 12.3 3 77 5.8 +0.6
WWJD Inspire International ETF 12.3 80 0 6.1 +0.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 12.2 45 35 5.3 +0.1
IPAC iShares Core MSCI Pacific ETF 12.1 9 71 5.3 +0.1
IGRO iShares International Dividend Growth ETF 12.1 15 65 6.5 +1.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 11.8 20 60 5.5 +0.3
RCGE RockCreek Global Equality ETF 11.7 95 -15 5.7 +0.4
JHID John Hancock International High Dividend ETF 11.6 46 34 7.6 +2.4
CWI SPDR MSCI ACWI ex-US ETF 11.2 30 50 6.3 +1.1
IMTM iShares MSCI Intl Momentum Factor ETF 11.1 30 50 4.6 -0.6
EWJV iShares MSCI Japan Value ETF 11.1 15 65 6.7 +1.5
AVSD Avantis Responsible International Equity ETF 11.0 23 57 5.7 +0.5
ACWX iShares MSCI ACWI ex U.S. ETF 11.0 34 46 6.2 +1.0
FID First Trust S&P International Dividend Aristocrats ETF 11.0 60 20 7.5 +2.3
EUFN iShares MSCI Europe Financials ETF 11.0 51 29 6.3 +1.1
IDV iShares International Select Dividend ETF 10.9 51 29 9.0 +3.7
AVDE Avantis International Equity ETF 10.8 23 57 6.0 +0.8
DIHP Dimensional International High Profitability ETF 10.8 29 51 5.6 +0.4
INTF iShares International Equity Factor ETF 10.7 15 65 6.3 +1.1
DFIC Dimensional International Core Equity 2 ETF 10.6 23 57 6.1 +0.9
FRGN Horizon International Equity ETF 10.5 75 5 7.7 +2.5
WDIV SPDR S&P Global Dividend ETF 10.5 40 40 8.8 +3.5
DFSI Dimensional International Sustainability Core 1 ETF 10.4 24 56 5.5 +0.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 10.2 41 39 5.8 +0.6
VEU Vanguard FTSE All-World ex-US Index Fund 10.2 4 76 6.5 +1.3
AVIV Avantis International Large Cap Value ETF 10.0 25 55 6.7 +1.5
QINT American Century Quality Diversified International ETF 10.0 39 41 6.4 +1.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 9.9 18 62 6.2 +1.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 9.9 39 41 6.8 +1.6
DEW WisdomTree Global High Dividend Fund 9.9 58 22 6.9 +1.7
FEP First Trust Europe AlphaDEX Fund 9.8 80 0 6.7 +1.5
EWS iShares MSCI Singapore ETF 9.8 50 30 3.7 -1.5
IXUS iShares Core MSCI Total International Stock ETF 9.7 7 73 6.4 +1.2
INEQ Columbia International Equity Income ETF 9.6 45 35 7.5 +2.3
VPL Vanguard FTSE Pacific ETF 9.5 7 73 5.1 -0.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 9.5 47 33 5.0 -0.3
FIVA Fidelity International Value Factor ETF 9.5 18 62 7.0 +1.8
VXUS Vanguard Total International Stock ETF 9.5 5 75 6.5 +1.3
EFAD ProShares MSCI EAFE Dividend Growers ETF 9.4 50 30 5.5 +0.3
DXIV Dimensional International Vector Equity ETF 9.0 34 46 6.5 +1.2
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 8.9 10 70 8.4 +3.2
ACWV iShares MSCI Global Min Vol Factor ETF 8.8 20 60 5.6 +0.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 8.7 12 68 8.4 +3.2
DVYA iShares Asia/Pacific Dividend ETF 8.7 49 31 6.7 +1.5
FEUZ First Trust Eurozone AlphaDEX ETF 8.6 80 0 6.5 +1.3
IFGL iShares International Developed Real Estate ETF 8.5 48 32 7.2 +2.0
IQRA IQ CBRE Real Assets ETF 8.3 65 15 5.7 +0.5
EWH iShares MSCI Hong Kong ETF 8.3 50 30 5.2 -0.0
JPXN iShares JPX-Nikkei 400 ETF 8.3 48 32 5.2 -0.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 8.2 25 55 5.3 +0.1
VSGX Vanguard ESG International Stock ETF 8.1 10 70 6.4 +1.2
QWLD SPDR MSCI World StrategicFactors ETF 8.1 30 50 5.0 -0.2
EFG iShares MSCI EAFE Growth ETF 8.0 36 44 3.7 -1.5
VIDI Vident International Equity Strategy ETF 8.0 61 19 8.2 +3.0
IQDF FlexShares International Quality Dividend Index Fund 7.9 47 33 7.3 +2.1
BBJP JPMorgan BetaBuilders Japan ETF 7.7 19 61 5.2 -0.1
ASEA Global X FTSE Southeast Asia ETF 7.7 65 15 5.1 -0.1
EWJ iShares MSCI Japan ETF 7.7 50 30 4.7 -0.5
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 7.7 46 34 5.2 -0.1
HEWJ iShares Currency Hedged MSCI Japan ETF 7.7 50 30 5.3 +0.1
TTAI FCF International Quality ETF 7.7 59 21 6.9 +1.7
IXG iShares Global Financials ETF 7.4 42 38 5.7 +0.5
FEOE First Eagle Overseas Equity ETF 7.3 79 1 5.9 +0.7
RWX SPDR Dow Jones International Real Estate ETF 7.2 59 21 6.9 +1.7
DBJP Xtrackers MSCI Japan Hedged Equity ETF 7.2 47 33 4.6 -0.7
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 7.1 58 22 9.1 +3.9
FDT First Trust Developed Markets ex-US AlphaDEX Fund 7.0 80 0 6.9 +1.7
FLJP Franklin FTSE Japan ETF 6.9 9 71 5.2 0.0
KXI iShares Global Consumer Staples ETF 6.9 41 39 5.3 +0.1
JXI iShares Global Utilities ETF 6.8 43 37 5.2 +0.0
FLJH Franklin FTSE Japan Hedged ETF 6.8 9 71 5.0 -0.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.8 30 50 6.3 +1.1
FEZ SPDR EURO STOXX 50 ETF 6.8 29 51 5.5 +0.3
DGT State Street SPDR Global Dow ETF 6.8 50 30 5.5 +0.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 6.5 65 15 7.1 +1.9
FLAU Franklin FTSE Australia ETF 6.4 9 71 5.6 +0.4
HEDJ WisdomTree Europe Hedged Equity Fund 6.4 58 22 5.8 +0.6
EWA iShares MSCI Australia ETF 6.4 50 30 5.1 -0.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 6.4 65 15 7.8 +2.6
FYLD Cambria Foreign Shareholder Yield ETF 6.4 59 21 9.9 +4.7
FDD First Trust Stoxx European Select Dividend Index Fund 6.3 58 22 9.3 +4.1
FJP First Trust Japan AlphaDEX Fund 6.3 80 0 7.4 +2.2
EUDV ProShares MSCI Europe Dividend Growers ETF 6.2 55 25 5.6 +0.4
BLES Inspire Global Hope ETF 6.2 61 19 5.5 +0.3
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 6.2 65 15 4.1 -1.2
IDHQ Invesco S&P International Developed High Quality ETF 6.2 29 51 4.9 -0.4
IXP iShares Global Comm Services ETF 6.1 42 38 5.8 +0.5
IDMO Invesco S&P International Developed Momentum ETF 6.0 25 55 5.0 -0.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 5.9 58 22 5.1 -0.1
IQDG WisdomTree International Quality Dividend Growth Fund 5.8 42 38 5.5 +0.3
GVAL Cambria Global Value ETF 5.8 68 12 8.3 +3.1
FLSW Franklin FTSE Switzerland ETF 5.8 9 71 5.6 +0.4
CGDG Capital Group Dividend Growers ETF 5.7 47 33 5.0 -0.2
EWL iShares MSCI Switzerland ETF 5.6 50 30 5.4 +0.2
KLMT Invesco MSCI Global Climate 500 ETF 5.6 10 70 4.8 -0.4
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 5.6 80 0 3.7 -1.6
ESGG FlexShares STOXX Global ESG Select Index Fund 5.5 42 38 3.9 -1.3
EWD iShares MSCI Sweden ETF 5.4 54 26 4.9 -0.3
EWQ iShares MSCI France ETF 5.4 53 27 6.3 +1.1
VIGI Vanguard International Dividend Appreciation ETF 5.3 10 70 5.8 +0.6
NXTG First Trust Indxx NextG ETF 5.3 70 10 3.5 -1.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 5.2 12 68 4.3 -0.9
EUDG WisdomTree Europe Quality Dividend Growth Fund 5.2 58 22 6.2 +1.0
GEW Cambria Global EW ETF 5.1 29 51 5.2 -0.0
EWI iShares MSCI Italy ETF 5.1 50 30 10.4 +5.1
EWG iShares MSCI Germany ETF 5.1 50 30 5.8 +0.6
EWN iShares MSCI Netherlands ETF 5.0 50 30 4.4 -0.9
ERET iShares Environmentally Aware Real Estate ETF 4.9 30 50 6.7 +1.5
DSTX Distillate International Fundamental Stability & Value ETF 4.9 55 25 6.3 +1.1
FGM First Trust Germany AlphaDEX Fund 4.9 80 0 4.9 -0.3
CZAR Themes Natural Monopoly ETF 4.8 35 45 5.2 +0.0
URTH iShares MSCI World ETF 4.8 24 56 4.2 -1.0
MOTG VanEck Morningstar Global Wide Moat ETF 4.7 52 28 7.5 +2.3
FLGR Franklin FTSE Germany ETF 4.6 9 71 6.4 +1.2
TOK iShares MSCI Kokusai ETF 4.5 26 54 4.2 -1.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.5 20 60 4.6 -0.6
CGIE Capital Group International Equity ETF 4.5 54 26 4.4 -0.8
KOKU Xtrackers MSCI Kokusai Equity ETF 4.5 9 71 4.3 -1.0
BINV Brandes International ETF 4.4 70 10 8.1 +2.9
SDG iShares MSCI Global Sustainable Development Goals ETF 4.4 49 31 4.5 -0.8
FLGB Franklin FTSE United Kingdom ETF 4.3 9 71 6.5 +1.3
JIG JPMorgan International Growth ETF 4.3 55 25 3.6 -1.6
RWO SPDR Dow Jones Global Real Estate ETF 4.3 50 30 6.1 +0.9
DAX Global X DAX Germany ETF 4.2 21 59 6.0 +0.8
AIA iShares Asia 50 ETF 4.2 50 30 7.6 +2.3
ACWI iShares MSCI ACWI ETF 4.2 32 48 4.5 -0.7
JSTC Adasina Social Justice All Cap Global ETF 4.2 89 -9 4.2 -1.1
IGF iShares Global Infrastructure ETF 4.2 41 39 4.3 -1.0
GII SPDR S&P Global Infrastructure ETF 4.2 40 40 4.3 -1.0
VGSR Vert Global Sustainable Real Estate ETF 4.1 47 33 6.8 +1.6
PIEL Pacer International Export Leaders ETF 4.1 60 20 4.0 -1.3
BKCI BNY Mellon Concentrated International ETF 4.1 80 0 4.7 -0.5
UMMA Wahed Dow Jones Islamic World ETF 4.1 65 15 3.5 -1.7
DXJ WisdomTree Japan Hedged Equity Fund 4.1 48 32 5.2 -0.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 4.1 9 71 4.7 -0.5
FEGE First Eagle Global Equity ETF 4.1 79 1 5.8 +0.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.0 47 33 7.0 +1.8
EWU iShares MSCI United Kingdom ETF 3.9 50 30 7.0 +1.8
AVRE Avantis Real Estate ETF 3.9 17 63 6.6 +1.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 3.9 25 55 5.4 +0.2
OCEN IQ Clean Oceans ETF 3.9 45 35 4.6 -0.6
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.9 78 2 9.2 +4.0
KOCG FIS Knights of Columbus Global Belief ETF 3.8 75 5 4.5 -0.7
FKU First Trust United Kingdom AlphaDEX Fund 3.8 80 0 6.9 +1.7
GQRE FlexShares Global Quality Real Estate Index Fund 3.8 45 35 7.2 +1.9
KNO AXS Knowledge Leaders ETF 3.8 78 2 3.8 -1.4
ERTH Invesco MSCI Sustainable Future ETF 3.7 62 18 3.2 -2.0
IDOG ALPS International Sector Dividend Dogs ETF 3.7 50 30 9.0 +3.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 3.7 70 10 6.9 +1.7
VT Vanguard Total World Stock ETF 3.7 6 74 4.9 -0.3
IOO iShares Global 100 ETF 3.6 41 39 3.7 -1.5
ICPY Tweedy, Browne International Insider Value ETF 3.5 80 0 20.1 +14.9
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 3.5 58 22 3.5 -1.8
PATN Pacer Nasdaq International Patent Leaders ETF 3.4 65 15 4.0 -1.2
REET iShares Global REIT ETF 3.4 14 66 6.7 +1.5
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.3 80 0 7.5 +2.3
EWP iShares MSCI Spain ETF 3.3 50 30 5.5 +0.3
GLOF iShares Global Equity Factor ETF 3.3 20 60 5.4 +0.2
IPKW Invesco International BuyBack Achievers ETF 3.2 55 25 7.7 +2.5
DFGR Dimensional Global Real Estate ETF 3.2 22 58 6.8 +1.6
FTRI First Trust Indxx Global Natural Resources Income ETF 3.2 70 10 6.8 +1.6
RGEF Rockefeller Global Equity ETF 3.1 55 25 3.7 -1.5
COPY Tweedy, Browne Insider + Value ETF 3.1 80 0 14.0 +8.7
FLAX Franklin FTSE Asia Ex Japan ETF 3.0 19 61 7.1 +1.9
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.0 46 34 7.9 +2.7
OEFA ALPS O’Shares International Developed Quality Dividend ETF 2.9 48 32 4.7 -0.5
CLNR IQ Cleaner Transport ETF 2.9 45 35 4.0 -1.3
GLBL Pacer MSCI World Industry Advantage ETF 2.8 65 15 3.3 -1.9
WLDR Affinity World Leaders Equity ETF 2.8 67 13 5.5 +0.3
ISCF iShares International SmallCap Equity Factor ETF 2.8 23 57 7.1 +1.9
EXI iShares Global Industrials ETF 2.7 42 38 3.4 -1.8
GNR SPDR S&P Global Natural Resources ETF 2.7 40 40 8.4 +3.2
DTAN Sparkline International Intangible Value ETF 2.7 55 25 6.9 +1.7
AGQI First Trust Active Global Quality Income ETF 2.5 85 -5 6.1 +0.9
EWK iShares MSCI Belgium ETF 2.5 50 30 3.8 -1.4
CCNR ALPS CoreCommodity Natural Resources ETF 2.5 39 41 8.3 +3.1
TBLU Tortoise Global Water ESG ETF 2.4 40 40 4.4 -0.8
PIO Invesco Global Water ETF 2.4 75 5 4.3 -1.0
EBLU Ecofin Global Water ESG Fund 2.4 40 40 4.5 -0.7
FNDC Schwab Fundamental International Small Co. Index ETF 2.4 39 41 6.6 +1.4
OBOR KraneShares MSCI One Belt One Road Index ETF 2.3 79 1 7.3 +2.1
IVAL Alpha Architect International Quantitative Value ETF 2.3 49 31 7.5 +2.3
JGLO JPMorgan Global Select Equity ETF 2.3 33 47 4.1 -1.1
EFRA iShares Environmental Infrastructure and Industrials ETF 2.2 47 33 4.9 -0.4
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 2.1 60 20 3.2 -2.1
DFIS Dimensional International Small Cap ETF 2.1 39 41 6.0 +0.8
AQLT iShares MSCI Global Quality Factor ETF 2.1 18 62 0.0 -5.2
POW VistaShares Electrification Supercycle ETF 2.0 75 5 2.2 -3.0
EDEN iShares MSCI Denmark ETF 2.0 53 27 6.3 +1.1
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.0 70 10 4.0 -1.2
SMOG VanEck Low Carbon Energy ETF 2.0 61 19 1.3 -3.9
CGGO Capital Group Global Growth Equity ETF 1.9 47 33 3.9 -1.3
DISV Dimensional International Small Cap Value ETF 1.9 42 38 7.9 +2.7
NORW Global X MSCI Norway ETF 1.9 50 30 8.2 +2.9
ENOR iShares MSCI Norway ETF 1.9 53 27 8.0 +2.8
CRTC Xtrackers US National Critical Technologies ETF 1.9 35 45 4.0 -1.2
DFNL Davis Select Financial ETF 1.9 63 17 6.8 +1.6
MOTI VanEck Morningstar International Moat ETF 1.8 58 22 9.6 +4.4
XT iShares Exponential Technologies ETF 1.8 46 34 3.9 -1.4
FSZ First Trust Switzerland AlphaDEX Fund 1.8 80 0 5.1 -0.1
KNCT Invesco Next Gen Connectivity ETF 1.7 40 40 2.9 -2.3
IXJ iShares Global Healthcare ETF 1.7 42 38 6.2 +1.0
ENZL iShares MSCI New Zealand ETF 1.7 50 30 3.6 -1.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.7 49 31 5.9 +0.7
HAP VanEck Natural Resources ETF 1.7 50 30 6.7 +1.5
CGW Invesco S&P Global Water Index ETF 1.7 57 23 4.4 -0.8
IXC iShares Global Energy ETF 1.7 44 36 7.4 +2.1
QTUM Defiance Quantum ETF 1.7 40 40 3.6 -1.6
FPAG FPA Global Equity ETF 1.7 49 31 5.4 +0.2
SAGP Strategas Global Policy Opportunities ETF 1.6 65 15 4.6 -0.6
INFL Horizon Kinetics Inflation Beneficiaries ETF 1.5 85 -5 2.8 -2.4
OAIM OneAscent International Equity ETF 1.5 95 -15 4.5 -0.8
CGXU Capital Group International Focus Equity ETF 1.4 54 26 3.7 -1.5
FDFF Fidelity Disruptive Finance ETF 1.4 50 30 5.0 -0.2
BLOK Amplify Transformational Data Sharing ETF 1.4 75 5 -0.1 -5.3
DIVS SmartETFs Dividend Builder ETF 1.4 65 15 4.2 -1.0
WTRE WisdomTree New Economy Real Estate Fund 1.3 58 22 -0.3 -5.5
JETS U.S. Global Jets ETF 1.3 60 20 2.1 -3.1
BCDF Horizon Kinetics Blockchain Development ETF 1.3 85 -5 3.7 -1.5
KBWR Invesco KBW Regional Banking ETF 1.3 35 45 8.4 +3.2
AQWA Global X Clean Water ETF 1.3 50 30 4.8 -0.4
BITQ Bitwise Crypto Industry Innovators ETF 1.3 85 -5 -2.3 -7.5
AIRL Themes Airlines ETF 1.3 35 45 1.7 -3.6
RITA ETFB Green SRI REITs ETF 1.2 50 30 5.3 +0.1
VCLN Virtus Duff & Phelps Clean Energy ETF 1.2 59 21 2.6 -2.6
SCJ iShares MSCI Japan Small-Cap ETF 1.2 50 30 5.4 +0.2
FDVV Fidelity High Dividend ETF 1.2 15 65 6.4 +1.2
RXI iShares Global Consumer Discretionary ETF 1.1 41 39 8.0 +2.8
QQLV Invesco QQQ Low Volatility ETF 1.1 25 55 4.1 -1.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.1 35 45 3.3 -1.9
MXI iShares Global Materials ETF 1.1 41 39 6.0 +0.8
RNRG Global X Renewable Energy Producers ETF 1.0 66 14 4.8 -0.5
FDRR Fidelity Dividend ETF for Rising Rates 1.0 15 65 5.5 +0.2
FTAG First Trust Indxx Global Agriculture ETF 1.0 70 10 7.0 +1.8
MOO VanEck Agribusiness ETF 1.0 53 27 8.9 +3.7
FAN First Trust Global Wind Energy ETF 1.0 60 20 3.0 -2.3
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 1.0 79 1 3.7 -1.5
MDEV First Trust Indxx Medical Devices ETF 0.9 70 10 4.6 -0.6
JDOC JPMorgan Healthcare Leaders ETF 0.9 65 15 3.4 -1.8
WRND IQ Global Equity R&D Leaders ETF 0.9 18 62 3.9 -1.3
OSEA Harbor International Compounders ETF 0.9 55 25 4.2 -1.0
TOLL Tema Durable Quality ETF 0.9 75 5 3.8 -1.5
VEGI iShares MSCI Agriculture Producers ETF 0.9 39 41 7.6 +2.4
GINN Goldman Sachs Innovate Equity ETF 0.9 52 28 3.6 -1.6
IBAT iShares Energy Storage & Materials ETF 0.9 47 33 1.7 -3.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.9 95 -15 9.7 +4.5
FVD First Trust Value Line Dividend Index Fund 0.8 65 15 5.5 +0.2
HART IQ Healthy Hearts ETF 0.8 45 35 5.9 +0.7
AKAF The Frontier Economic Fund 0.8 20 60 5.2 -0.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.8 42 38 4.0 -1.3
SHPP Pacer Industrials and Logistics ETF 0.7 60 20 6.4 +1.2
EVX VanEck Environmental Services ETF 0.7 55 25 3.9 -1.3
IPAV Global X Infrastructure Development ex-U.S. ETF 0.7 55 25 5.8 +0.6
RAYJ Rayliant SMDAM Japan Equity ETF 0.7 72 8 3.1 -2.1
SDIV Global X Superdividend ETF 0.6 58 22 13.6 +8.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.6 40 40 6.0 +0.8
FRNW Fidelity Clean Energy ETF 0.6 39 41 2.0 -3.3
SRET Global X SuperDividend REIT ETF 0.6 59 21 12.5 +7.3
PBD Invesco Global Clean Energy ETF 0.6 75 5 0.3 -4.9
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 0.6 60 20 4.1 -1.1
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.6 20 60 4.0 -1.2
PID Invesco International Dividend Achievers ETF 0.6 53 27 4.0 -1.2
AZTD Aztlan Global Stock Selection DM SMID ETF 0.6 75 5 4.0 -1.2
DIVY Sound Equity Dividend Income ETF 0.6 45 35 7.5 +2.3
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 0.6 49 31 7.6 +2.4
EIPX FT Energy Income Partners Strategy ETF 0.6 95 -15 5.8 +0.6
GINX SGI Enhanced Global Income ETF 0.6 98 -18 6.3 +1.1
FLV American Century Focused Large Cap Value ETF 0.6 42 38 5.6 +0.4
TIIV AAM Todd International Intrinsic Value ETF 0.6 54 26 9.3 +4.1
NDIV Amplify Natural Resources Dividend Income ETF 0.6 59 21 11.7 +6.5
ION ProShares S&P Global Core Battery Metals ETF 0.6 58 22 6.5 +1.3
GPT Intelligent Alpha Atlas ETF 0.6 69 11 6.1 +0.9
ICLN iShares Global Clean Energy ETF 0.6 41 39 2.0 -3.2
EIPI FT Energy Income Partners Enhanced Income ETF 0.5 110 -30 5.4 +0.2
CANC Tema Oncology ETF 0.5 75 5 -2.2 -7.4
BMED Future Health ETF 0.5 85 -5 1.1 -4.1
WDNA WisdomTree BioRevolution Fund 0.5 45 35 -2.0 -7.2
HRTS Tema Heart & Health ETF 0.5 75 5 2.8 -2.4
IDNA iShares Genomics Immunology and Healthcare ETF 0.5 47 33 -0.3 -5.5
BYRE Principal Real Estate Active Opportunities ETF 0.5 65 15 6.9 +1.7
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.5 79 1 3.9 -1.3
CGV Conductor Global Equity Value ETF 0.5 130 -50 7.7 +2.5
QQMG Invesco ESG NASDAQ 100 ETF 0.4 20 60 3.1 -2.1
PAWZ ProShares Pet Care ETF 0.4 50 30 4.0 -1.2
QQQ Invesco QQQ Trust Series I 0.4 20 60 3.2 -2.0
QQQM Invesco NASDAQ 100 ETF 0.4 15 65 3.2 -2.0
EIRL iShares MSCI Ireland ETF 0.4 50 30 6.9 +1.7
TMFG Motley Fool Global Opportunities ETF 0.4 85 -5 3.6 -1.6
ANEW ProShares MSCI Transformational Changes ETF 0.4 45 35 4.2 -1.0
MEM Matthews Emerging Markets Equity Active ETF 0.4 79 1 8.4 +3.2
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.4 58 22 5.6 +0.4
ROBO ROBO Global Robotics & Automation Index ETF 0.4 95 -15 2.3 -2.9
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 49 31 13.1 +7.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.3 50 30 8.2 +3.0
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 55 8.9 +3.7
PCGG Polen Capital Global Growth ETF 0.3 85 -5 3.8 -1.4
FDHT Fidelity Digital Health ETF 0.3 39 41 1.8 -3.5
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.3 68 12 2.1 -3.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.3 39 41 13.3 +8.1
BOAT SonicShares Global Shipping ETF 0.3 69 11 20.0 +14.8
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 59 2.9 -2.4
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.2 49 31 7.5 +2.3
WSML iShares MSCI World Small-Cap ETF 0.2 15 65 5.2 -0.0
SLX VanEck Steel ETF 0.2 56 24 10.0 +4.8
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 41 8.1 +2.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 44 7.5 +2.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 65 8.0 +2.8
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 69 24.0 +18.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 21 8.5 +3.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 65 8.8 +3.6
ALRG Allspring LT Large Core ETF 0.1 28 52 3.4 -1.9
IXN iShares Global Tech ETF 0.1 41 39 2.6 -2.6
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 48 3.8 -1.4
ISHP First Trust Nasdaq Retail ETF 0.1 60 20 5.1 -0.1
SUPL ProShares Supply Chain Logistics ETF 0.1 58 22 7.5 +2.2
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 45 4.1 -1.1
RVRB Reverb ETF 0.0 30 50 3.6 -1.6
AVDV Avantis International Small Cap Value ETF 0.0 36 44 7.7 +2.5

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
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 Horizon Managed Volatility Developed Intl ETF
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 8.4 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.70 CATEGORY
AVERAGE		 1.64
 
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.