First Trust Horizon Managed Volatility Developed Intl ETF
ALTAR
Score™		 5.8% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 14.6x P/Sales
ratio		 1.2x
P/BV
ratio		 1.3x Div.
yield		 4.5%


  • 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) $14
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 159
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
TRYG A/S 2.0 %
CLP HOLDINGS LTD 1.9 %
CAPITALAND INTEGRATED COMMERCIAL T 1.9 %
ASCENDAS REAL ESTATE INV TRT 1.9 %
GROUPE BRUXELLES LAMBERT SA 1.8 %
TELSTRA CORPORATION LIMITED 1.7 %
HONG KONG & CHINA GAS 1.6 %
NIPPON TELEGRAPH AND TELEPHONE COR 1.6 %
IBERDROLA SA 1.6 %
POWER ASSETS HOLDINGS LTD 1.6 %
Total 17.6 %

TOP COUNTRY EXPOSURE
JAPAN 14.1 %
HONG KONG 9.7 %
SINGAPORE 9.5 %
SWITZERLAND 9.0 %
AUSTRALIA 7.2 %
FRANCE 7.0 %
NETHERLANDS 6.3 %
GERMANY 5.1 %
SPAIN 5.1 %
BRITAIN 5.0 %

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.
5.8% 9.1% 7.2% 5.3% 5.3%

Market Correlations
versus... Beta R-squared
S&P500 0.47 27%
MSCI EAFE 0.62 68%
MSCI Emg. Mkts. 0.25 28%

Technical Indicators
Recent close $35.90
30d moving avg. $38.48
Annualized volatility 12.5%
Short interest (ETF) 0.2%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $6,540

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 390 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™: 5.8%


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 5.7 -0.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 26.7 32 48 5.5 -0.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 26.1 30 50 6.1 +0.3
LVHI Franklin International Low Volatility High Dividend Index ET 25.3 40 40 7.5 +1.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 23.8 9 71 7.9 +2.1
EFV iShares MSCI EAFE Value ETF 23.2 34 46 7.6 +1.8
TPIF Timothy Plan International ETF 22.3 62 18 5.7 -0.1
DWX SPDR S&P International Dividend ETF 22.1 45 35 7.0 +1.2
DTH WisdomTree International High Dividend Fund 20.2 58 22 7.4 +1.7
JPIN J.P. Morgan Diversified Return International Equity ETF 20.1 37 43 7.2 +1.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 19.6 29 51 7.1 +1.3
DOL WisdomTree International LargeCap Dividend Fund 19.5 48 32 5.6 -0.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 19.5 25 55 6.2 +0.4
DIVI Franklin International Core Dividend Tilt Index ETF 19.1 9 71 6.6 +0.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 18.7 25 55 6.5 +0.8
DMXF iShares ESG Advanced MSCI EAFE ETF 18.5 12 68 4.8 -1.0
JHMD John Hancock Multifactor Developed International ETF 18.2 39 41 6.3 +0.5
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 18.1 20 60 5.7 -0.1
ESGD iShares ESG Aware MSCI EAFE ETF 18.1 20 60 5.8 +0.0
IQSI IQ Candriam International Equity ETF 17.7 15 65 5.6 -0.2
IQLT iShares MSCI Intl Quality Factor ETF 17.7 30 50 5.5 -0.3
HEFA iShares Currency Hedged MSCI EAFE ETF 17.5 35 45 5.7 -0.1
EFA iShares MSCI EAFE ETF 17.4 35 45 5.8 +0.0
DIM WisdomTree International MidCap Dividend Fund 17.4 58 22 6.4 +0.7
CEFA Global X S&P Catholic Values Developed ex-US ETF 17.3 35 45 5.6 -0.1
AIVI WisdomTree International AI Enhanced Value Fund 17.0 58 22 6.3 +0.5
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 17.0 12 68 5.4 -0.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 16.9 40 40 5.8 +0.0
DWM WisdomTree International Equity Fund 16.9 48 32 5.7 -0.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 16.9 14 66 5.3 -0.5
EFAS Global X MSCI SuperDividend EAFE ETF 16.6 57 23 7.6 +1.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 16.4 36 44 5.2 -0.6
NUDM Nuveen ESG International Developed Markets Equity ETF 16.3 31 49 5.5 -0.3
VYMI Vanguard International High Dividend Yield ETF 16.2 17 63 8.0 +2.2
GSID Goldman Sachs MarketBeta International Equity ETF 16.1 20 60 5.9 +0.1
EPP iShares MSCI Pacific ex-Japan ETF 15.7 47 33 5.0 -0.7
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 15.7 19 61 5.4 -0.4
FLEE Franklin FTSE Europe ETF 15.6 9 71 6.6 +0.8
HFXI IQ FTSE International Equity Currency Neutral ETF 15.6 20 60 5.6 -0.2
IEV iShares Europe ETF 15.4 67 13 6.2 +0.4
BBEU JPMorgan BetaBuilders Europe ETF 15.3 9 71 6.5 +0.7
FIDI Fidelity International High Dividend ETF 15.2 18 62 7.4 +1.6
IEFA iShares Core MSCI EAFE ETF 15.1 7 73 6.1 +0.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 15.1 46 34 5.5 -0.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 15.0 24 56 7.1 +1.3
STXI Strive International Developed Markets ETF 15.0 29 51 6.4 +0.6
DWMF WisdomTree International Multifactor Fund 14.8 38 42 7.0 +1.3
FDEV Fidelity International Multifactor ETF 14.8 18 62 7.4 +1.6
EUFN iShares MSCI Europe Financials ETF 14.6 51 29 7.0 +1.2
BKIE BNY Mellon International Equity ETF 14.6 4 76 18.1 +12.4
IEUR iShares Core MSCI Europe ETF 14.4 11 69 6.6 +0.9
IMFL Invesco International Developed Dynamic Multifactor ETF 14.3 34 46 5.3 -0.5
GCOW Pacer Global Cash Cows Dividend ETF 14.2 60 20 9.6 +3.9
SPEU SPDR Portfolio Europe ETF 14.2 7 73 6.8 +1.0
JIRE JPMorgan International Research Enhanced Equity ETF 14.2 24 56 5.8 +0.0
VGK Vanguard FTSE Europe ETF 14.1 6 74 6.8 +1.0
IVSI Applied Finance IVS International Large ETF 13.8 65 15 6.0 +0.2
IGRO iShares International Dividend Growth ETF 13.7 15 65 6.8 +1.1
FENI Fidelity Enhanced International ETF 13.6 28 52 5.8 +0.0
IVLU iShares MSCI Intl Value Factor ETF 13.6 30 50 8.1 +2.3
FNDF Schwab Fundamental International Large Co. Index ETF 13.5 25 55 7.4 +1.6
DFIV Dimensional International Value ETF 13.3 27 53 7.8 +2.0
IDEV iShares Core MSCI International Developed Markets ETF 13.3 4 76 6.1 +0.3
DFAI Dimensional International Core Equity Market ETF 13.3 18 62 6.1 +0.3
SCHY Schwab International Dividend Equity ETF 13.2 14 66 8.8 +3.0
FICS First Trust International Developed Capital Strength ETF 13.1 70 10 7.1 +1.3
IPAC iShares Core MSCI Pacific ETF 13.0 9 71 5.3 -0.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 13.0 39 41 6.3 +0.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 13.0 45 35 6.8 +1.0
IDV iShares International Select Dividend ETF 12.8 51 29 9.7 +3.9
AVSD Avantis Responsible International Equity ETF 12.6 23 57 6.0 +0.2
UIVM VictoryShares International Value Momentum ETF 12.6 35 45 8.1 +2.3
SCHF Schwab International Equity ETF 12.6 6 74 5.9 +0.1
HEZU iShares Currency Hedged MSCI Eurozone ETF 12.6 53 27 5.5 -0.3
EZU iShares MSCI Eurozone ETF 12.6 52 28 5.8 +0.1
JHID John Hancock International High Dividend ETF 12.6 46 34 8.1 +2.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 12.5 56 24 10.0 +4.2
SPDW SPDR Portfolio Developed World ex-US ETF 12.5 3 77 5.8 +0.1
FID First Trust S&P International Dividend Aristocrats ETF 12.4 60 20 7.8 +2.0
VEA Vanguard FTSE Developed Markets ETF 12.3 3 77 5.9 +0.2
INTF iShares International Equity Factor ETF 12.0 15 65 6.5 +0.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 11.9 45 35 5.5 -0.2
AVDE Avantis International Equity ETF 11.8 23 57 6.3 +0.5
DFSI Dimensional International Sustainability Core 1 ETF 11.7 24 56 5.7 -0.1
WWJD Inspire International ETF 11.7 80 0 6.5 +0.7
IMTM iShares MSCI Intl Momentum Factor ETF 11.5 30 50 4.7 -1.1
AVIV Avantis International Large Cap Value ETF 11.3 25 55 7.0 +1.2
DIHP Dimensional International High Profitability ETF 11.0 29 51 5.9 +0.1
WDIV SPDR S&P Global Dividend ETF 10.9 40 40 9.2 +3.4
CWI SPDR MSCI ACWI ex-US ETF 10.9 30 50 6.4 +0.7
VPL Vanguard FTSE Pacific ETF 10.8 7 73 5.0 -0.8
JIVE JPMorgan International Value ETF 10.8 55 25 8.1 +2.4
RCGE RockCreek Global Equality ETF 10.8 95 -15 6.3 +0.5
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 10.7 20 60 5.7 -0.1
ACWX iShares MSCI ACWI ex U.S. ETF 10.7 34 46 6.4 +0.6
DFIC Dimensional International Core Equity 2 ETF 10.6 23 57 6.3 +0.5
DEW WisdomTree Global High Dividend Fund 10.5 58 22 7.4 +1.6
EFAD ProShares MSCI EAFE Dividend Growers ETF 10.2 50 30 5.8 0.0
EWJV iShares MSCI Japan Value ETF 10.2 15 65 6.5 +0.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 10.0 41 39 5.9 +0.1
VEU Vanguard FTSE All-World ex-US Index Fund 10.0 4 76 6.7 +0.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 9.8 39 41 7.0 +1.2
IXG iShares Global Financials ETF 9.8 42 38 6.2 +0.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 9.8 18 62 6.4 +0.6
EWS iShares MSCI Singapore ETF 9.6 50 30 3.7 -2.1
EWH iShares MSCI Hong Kong ETF 9.6 50 30 5.6 -0.2
FRGN Horizon International Equity ETF 9.4 75 5 7.9 +2.1
IXUS iShares Core MSCI Total International Stock ETF 9.3 7 73 6.6 +0.8
VXUS Vanguard Total International Stock ETF 9.3 5 75 6.6 +0.9
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 9.2 10 70 9.3 +3.6
FIVA Fidelity International Value Factor ETF 9.2 18 62 7.4 +1.6
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 9.2 25 55 5.1 -0.7
VSGX Vanguard ESG International Stock ETF 9.2 10 70 6.6 +0.8
QINT American Century Quality Diversified International ETF 9.1 39 41 6.7 +0.9
DVYA iShares Asia/Pacific Dividend ETF 9.1 49 31 7.0 +1.2
DXIV Dimensional International Vector Equity ETF 9.0 34 46 6.7 +0.9
FEP First Trust Europe AlphaDEX Fund 8.7 80 0 7.2 +1.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 8.6 47 33 5.3 -0.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 8.6 12 68 9.3 +3.5
INEQ Columbia International Equity Income ETF 8.5 45 35 8.0 +2.2
IFGL iShares International Developed Real Estate ETF 8.4 48 32 8.2 +2.4
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 8.3 58 22 9.2 +3.4
HEWJ iShares Currency Hedged MSCI Japan ETF 8.2 50 30 5.0 -0.8
ACWV iShares MSCI Global Min Vol Factor ETF 8.1 20 60 5.8 -0.0
EWJ iShares MSCI Japan ETF 8.1 50 30 4.5 -1.3
IDHQ Invesco S&P International Developed High Quality ETF 8.1 29 51 5.1 -0.7
VIDI Vident International Equity Strategy ETF 8.1 61 19 8.2 +2.4
FLSW Franklin FTSE Switzerland ETF 8.0 9 71 6.1 +0.4
JPXN iShares JPX-Nikkei 400 ETF 8.0 48 32 5.0 -0.7
IDMO Invesco S&P International Developed Momentum ETF 8.0 25 55 5.1 -0.7
FDD First Trust Stoxx European Select Dividend Index Fund 7.9 58 22 10.1 +4.4
QWLD SPDR MSCI World StrategicFactors ETF 7.9 30 50 5.2 -0.6
RWX SPDR Dow Jones International Real Estate ETF 7.9 59 21 7.9 +2.1
BBJP JPMorgan BetaBuilders Japan ETF 7.8 19 61 5.0 -0.8
FEUZ First Trust Eurozone AlphaDEX ETF 7.8 80 0 7.0 +1.2
EWL iShares MSCI Switzerland ETF 7.8 50 30 6.0 +0.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 7.7 47 33 4.3 -1.5
EFG iShares MSCI EAFE Growth ETF 7.7 36 44 3.9 -1.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 7.5 65 15 7.4 +1.6
IQDF FlexShares International Quality Dividend Index Fund 7.2 47 33 7.5 +1.8
ASEA Global X FTSE Southeast Asia ETF 7.2 65 15 5.2 -0.5
FLJP Franklin FTSE Japan ETF 7.1 9 71 5.0 -0.8
FLJH Franklin FTSE Japan Hedged ETF 6.9 9 71 4.8 -1.0
CGDG Capital Group Dividend Growers ETF 6.9 47 33 5.4 -0.4
JXI iShares Global Utilities ETF 6.8 43 37 5.7 -0.0
FEZ SPDR EURO STOXX 50 ETF 6.8 29 51 5.9 +0.2
FYLD Cambria Foreign Shareholder Yield ETF 6.7 59 21 9.9 +4.1
VIGI Vanguard International Dividend Appreciation ETF 6.7 10 70 6.1 +0.3
FEOE First Eagle Overseas Equity ETF 6.6 79 1 6.2 +0.5
EUDV ProShares MSCI Europe Dividend Growers ETF 6.6 55 25 6.1 +0.3
KXI iShares Global Consumer Staples ETF 6.5 41 39 5.7 -0.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 6.4 80 0 6.8 +1.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.4 30 50 6.4 +0.6
BLES Inspire Global Hope ETF 6.3 61 19 5.9 +0.1
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 6.2 46 34 5.7 -0.1
CGIE Capital Group International Equity ETF 6.1 54 26 4.6 -1.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 6.1 65 15 8.3 +2.5
FLAU Franklin FTSE Australia ETF 6.1 9 71 6.0 +0.2
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 6.1 65 15 4.2 -1.6
IXP iShares Global Comm Services ETF 5.9 42 38 5.9 +0.1
EWA iShares MSCI Australia ETF 5.7 50 30 5.4 -0.3
EWN iShares MSCI Netherlands ETF 5.7 50 30 4.5 -1.3
HEDJ WisdomTree Europe Hedged Equity Fund 5.7 58 22 6.2 +0.4
JSTC Adasina Social Justice All Cap Global ETF 5.6 89 -9 4.3 -1.5
FJP First Trust Japan AlphaDEX Fund 5.5 80 0 7.1 +1.3
KLMT Invesco MSCI Global Climate 500 ETF 5.5 10 70 4.9 -0.9
GVAL Cambria Global Value ETF 5.4 68 12 8.4 +2.6
GEW Cambria Global EW ETF 5.4 29 51 5.4 -0.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 5.4 58 22 5.4 -0.4
IQDG WisdomTree International Quality Dividend Growth Fund 5.4 42 38 5.9 +0.1
DGT State Street SPDR Global Dow ETF 5.4 50 30 5.7 -0.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 5.3 47 33 7.2 +1.5
NXTG First Trust Indxx NextG ETF 5.2 70 10 3.4 -2.4
ESGG FlexShares STOXX Global ESG Select Index Fund 5.2 42 38 4.0 -1.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 5.1 12 68 4.5 -1.3
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 5.0 80 0 3.9 -1.9
DXJ WisdomTree Japan Hedged Equity Fund 4.9 48 32 5.0 -0.8
ERET iShares Environmentally Aware Real Estate ETF 4.8 30 50 7.4 +1.6
EWD iShares MSCI Sweden ETF 4.8 54 26 5.3 -0.5
JIG JPMorgan International Growth ETF 4.7 55 25 3.6 -2.2
GII SPDR S&P Global Infrastructure ETF 4.7 40 40 4.7 -1.1
IGF iShares Global Infrastructure ETF 4.7 41 39 4.6 -1.1
RWO SPDR Dow Jones Global Real Estate ETF 4.7 50 30 6.8 +1.0
EWG iShares MSCI Germany ETF 4.6 50 30 6.2 +0.5
AIA iShares Asia 50 ETF 4.6 50 30 7.3 +1.5
URTH iShares MSCI World ETF 4.6 24 56 4.3 -1.5
EWP iShares MSCI Spain ETF 4.5 50 30 6.0 +0.2
ERTH Invesco MSCI Sustainable Future ETF 4.5 62 18 3.6 -2.1
EWI iShares MSCI Italy ETF 4.5 50 30 12.1 +6.3
EWQ iShares MSCI France ETF 4.5 53 27 7.2 +1.4
FLGR Franklin FTSE Germany ETF 4.4 9 71 7.0 +1.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 4.4 70 10 6.8 +1.0
KOKU Xtrackers MSCI Kokusai Equity ETF 4.3 9 71 4.4 -1.4
EUDG WisdomTree Europe Quality Dividend Growth Fund 4.2 58 22 6.8 +1.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.1 20 60 4.7 -1.1
TOK iShares MSCI Kokusai ETF 4.1 26 54 4.3 -1.5
SDG iShares MSCI Global Sustainable Development Goals ETF 4.1 49 31 4.8 -1.0
IDOG ALPS International Sector Dividend Dogs ETF 4.1 50 30 9.6 +3.9
PATN Pacer Nasdaq International Patent Leaders ETF 4.1 65 15 4.0 -1.8
FEGE First Eagle Global Equity ETF 4.0 79 1 6.1 +0.4
DAX Global X DAX Germany ETF 4.0 21 59 6.5 +0.7
ACWI iShares MSCI ACWI ETF 4.0 32 48 4.6 -1.2
GQRE FlexShares Global Quality Real Estate Index Fund 4.0 45 35 8.0 +2.2
FGM First Trust Germany AlphaDEX Fund 3.9 80 0 5.6 -0.2
FKU First Trust United Kingdom AlphaDEX Fund 3.9 80 0 7.3 +1.5
GLOF iShares Global Equity Factor ETF 3.9 20 60 5.5 -0.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 3.9 9 71 4.8 -1.0
VGSR Vert Global Sustainable Real Estate ETF 3.9 47 33 7.6 +1.8
AVRE Avantis Real Estate ETF 3.9 17 63 7.4 +1.7
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.8 78 2 9.5 +3.7
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 3.8 25 55 5.5 -0.3
ICPY Tweedy, Browne International Insider Value ETF 3.7 80 0 20.9 +15.2
DSTX Distillate International Fundamental Stability & Value ETF 3.7 55 25 6.7 +1.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 3.7 58 22 3.6 -2.2
FSZ First Trust Switzerland AlphaDEX Fund 3.6 80 0 5.4 -0.3
VT Vanguard Total World Stock ETF 3.6 6 74 5.0 -0.8
FLGB Franklin FTSE United Kingdom ETF 3.6 9 71 6.9 +1.1
FLAX Franklin FTSE Asia Ex Japan ETF 3.5 19 61 7.0 +1.2
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.5 80 0 7.1 +1.4
OEFA ALPS O’Shares International Developed Quality Dividend ETF 3.4 48 32 4.8 -1.0
BKCI BNY Mellon Concentrated International ETF 3.4 80 0 5.1 -0.7
REET iShares Global REIT ETF 3.4 14 66 7.5 +1.7
EWU iShares MSCI United Kingdom ETF 3.3 50 30 7.5 +1.7
UMMA Wahed Dow Jones Islamic World ETF 3.3 65 15 3.5 -2.3
DFGR Dimensional Global Real Estate ETF 3.3 22 58 7.6 +1.9
COPY Tweedy, Browne Insider + Value ETF 3.2 80 0 14.7 +9.0
GLBL Pacer MSCI World Industry Advantage ETF 3.2 65 15 3.4 -2.4
BINV Brandes International ETF 3.1 70 10 8.7 +2.9
EWK iShares MSCI Belgium ETF 3.0 50 30 4.1 -1.7
HAP VanEck Natural Resources ETF 3.0 50 30 6.6 +0.8
DFNL Davis Select Financial ETF 3.0 63 17 7.6 +1.8
KNO AXS Knowledge Leaders ETF 2.9 78 2 4.0 -1.8
IPKW Invesco International BuyBack Achievers ETF 2.9 55 25 8.1 +2.3
CLNR IQ Cleaner Transport ETF 2.8 45 35 4.0 -1.8
KOCG FIS Knights of Columbus Global Belief ETF 2.8 75 5 4.6 -1.2
EDEN iShares MSCI Denmark ETF 2.8 53 27 6.5 +0.8
CCNR ALPS CoreCommodity Natural Resources ETF 2.8 39 41 8.4 +2.6
PIEL Pacer International Export Leaders ETF 2.7 60 20 4.1 -1.7
XT iShares Exponential Technologies ETF 2.7 46 34 3.8 -1.9
CZAR Themes Natural Monopoly ETF 2.6 35 45 5.3 -0.4
SMOG VanEck Low Carbon Energy ETF 2.6 61 19 1.4 -4.4
IOO iShares Global 100 ETF 2.6 41 39 3.8 -2.0
OCEN IQ Clean Oceans ETF 2.6 45 35 4.7 -1.1
NORW Global X MSCI Norway ETF 2.6 50 30 8.1 +2.4
ENOR iShares MSCI Norway ETF 2.6 53 27 7.9 +2.1
FNDC Schwab Fundamental International Small Co. Index ETF 2.6 39 41 6.7 +1.0
RGEF Rockefeller Global Equity ETF 2.6 55 25 3.8 -2.0
JGLO JPMorgan Global Select Equity ETF 2.6 33 47 4.3 -1.5
IVAL Alpha Architect International Quantitative Value ETF 2.5 49 31 7.6 +1.9
FAN First Trust Global Wind Energy ETF 2.5 60 20 3.2 -2.6
QTUM Defiance Quantum ETF 2.3 40 40 3.6 -2.2
AQLT iShares MSCI Global Quality Factor ETF 2.3 18 62 0.0 -5.8
ISCF iShares International SmallCap Equity Factor ETF 2.2 23 57 7.3 +1.5
EXI iShares Global Industrials ETF 2.0 42 38 3.7 -2.1
POW VistaShares Electrification Supercycle ETF 2.0 75 5 2.3 -3.5
OAIM OneAscent International Equity ETF 2.0 95 -15 4.4 -1.4
AGQI First Trust Active Global Quality Income ETF 2.0 85 -5 6.5 +0.7
DTAN Sparkline International Intangible Value ETF 2.0 55 25 7.3 +1.5
OBOR KraneShares MSCI One Belt One Road Index ETF 2.0 79 1 7.3 +1.6
MOTG VanEck Morningstar Global Wide Moat ETF 1.9 52 28 8.1 +2.3
WLDR Affinity World Leaders Equity ETF 1.8 67 13 5.6 -0.2
IXJ iShares Global Healthcare ETF 1.7 42 38 6.3 +0.5
CRTC Xtrackers US National Critical Technologies ETF 1.7 35 45 4.0 -1.8
RXI iShares Global Consumer Discretionary ETF 1.6 41 39 9.1 +3.3
DFIS Dimensional International Small Cap ETF 1.6 39 41 6.2 +0.4
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 1.6 79 1 3.8 -2.0
VCLN Virtus Duff & Phelps Clean Energy ETF 1.6 59 21 2.8 -3.0
DIVS SmartETFs Dividend Builder ETF 1.6 65 15 4.5 -1.3
MXI iShares Global Materials ETF 1.5 41 39 6.1 +0.4
KBWR Invesco KBW Regional Banking ETF 1.5 35 45 8.5 +2.7
FTRI First Trust Indxx Global Natural Resources Income ETF 1.5 70 10 6.8 +1.1
CGXU Capital Group International Focus Equity ETF 1.5 54 26 3.8 -2.0
BLOK Amplify Transformational Data Sharing ETF 1.5 75 5 -0.1 -5.9
FDFF Fidelity Disruptive Finance ETF 1.5 50 30 5.5 -0.3
DISV Dimensional International Small Cap Value ETF 1.5 42 38 8.0 +2.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.4 49 31 6.1 +0.3
FDRR Fidelity Dividend ETF for Rising Rates 1.4 15 65 5.6 -0.2
FDVV Fidelity High Dividend ETF 1.4 15 65 6.8 +1.0
INFL Horizon Kinetics Inflation Beneficiaries ETF 1.4 85 -5 2.9 -2.9
ENZL iShares MSCI New Zealand ETF 1.4 50 30 3.8 -2.0
WTRE WisdomTree New Economy Real Estate Fund 1.3 58 22 -0.3 -6.1
BITQ Bitwise Crypto Industry Innovators ETF 1.3 85 -5 -2.2 -8.0
KNCT Invesco Next Gen Connectivity ETF 1.3 40 40 2.8 -3.0
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.2 70 10 4.3 -1.5
OSEA Harbor International Compounders ETF 1.2 55 25 4.6 -1.2
EBLU Ecofin Global Water ESG Fund 1.2 40 40 4.5 -1.3
TBLU Tortoise Global Water ESG ETF 1.2 40 40 4.8 -1.0
PIO Invesco Global Water ETF 1.2 75 5 4.7 -1.1
AIRL Themes Airlines ETF 1.2 35 45 1.7 -4.1
JDOC JPMorgan Healthcare Leaders ETF 1.2 65 15 3.5 -2.3
HART IQ Healthy Hearts ETF 1.2 45 35 6.0 +0.3
GNR SPDR S&P Global Natural Resources ETF 1.1 40 40 8.3 +2.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.1 46 34 7.8 +2.1
JETS U.S. Global Jets ETF 1.1 60 20 2.7 -3.1
ABLG Abacus FCF International Leaders ETF 1.1 59 21 6.8 +1.0
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 1.0 60 20 3.6 -2.2
PBD Invesco Global Clean Energy ETF 1.0 75 5 0.4 -5.4
CGGO Capital Group Global Growth Equity ETF 1.0 47 33 4.1 -1.7
BCDF Horizon Kinetics Blockchain Development ETF 0.9 85 -5 3.9 -1.9
MOO VanEck Agribusiness ETF 0.9 53 27 9.1 +3.3
VEGI iShares MSCI Agriculture Producers ETF 0.9 39 41 7.5 +1.8
EIRL iShares MSCI Ireland ETF 0.9 50 30 7.0 +1.2
IBAT iShares Energy Storage & Materials ETF 0.8 47 33 1.6 -4.2
EFRA iShares Environmental Infrastructure and Industrials ETF 0.8 47 33 5.3 -0.5
DINT Davis Select International ETF 0.8 55 25 6.4 +0.7
FPAG FPA Global Equity ETF 0.8 49 31 5.8 0.0
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.8 58 22 5.6 -0.2
CGW Invesco S&P Global Water Index ETF 0.8 57 23 4.7 -1.1
BMED Future Health ETF 0.6 85 -5 1.0 -4.8
WDNA WisdomTree BioRevolution Fund 0.6 45 35 -1.7 -7.5
CANC Tema Oncology ETF 0.6 75 5 -2.2 -7.9
HRTS Tema Heart & Health ETF 0.6 75 5 2.9 -2.9
SRET Global X SuperDividend REIT ETF 0.6 59 21 14.4 +8.7
RNRG Global X Renewable Energy Producers ETF 0.6 66 14 5.2 -0.6
RITA ETFB Green SRI REITs ETF 0.6 50 30 5.9 +0.1
GINN Goldman Sachs Innovate Equity ETF 0.6 52 28 3.7 -2.1
EMC Global X Emerging Markets Great Consumer ETF 0.6 75 5 7.1 +1.3
IMOM Alpha Architect International Quantitative Momentum ETF 0.6 49 31 4.6 -1.2
MEM Matthews Emerging Markets Equity Active ETF 0.5 79 1 8.6 +2.8
PICK iShares MSCI Global Metals & Mining Producers ETF 0.5 39 41 8.3 +2.5
IPAV Global X Infrastructure Development ex-U.S. ETF 0.5 55 25 6.2 +0.4
SLX VanEck Steel ETF 0.5 56 24 10.6 +4.8
RAYJ Rayliant SMDAM Japan Equity ETF 0.5 72 8 3.2 -2.6
AKAF The Frontier Economic Fund 0.5 20 60 5.6 -0.2
IDNA iShares Genomics Immunology and Healthcare ETF 0.5 47 33 -0.3 -6.1
CGV Conductor Global Equity Value ETF 0.5 130 -50 7.9 +2.1
EVX VanEck Environmental Services ETF 0.5 55 25 4.3 -1.5
ION ProShares S&P Global Core Battery Metals ETF 0.5 58 22 7.2 +1.4
AZTD Aztlan Global Stock Selection DM SMID ETF 0.5 75 5 4.5 -1.3
WRND IQ Global Equity R&D Leaders ETF 0.5 18 62 4.0 -1.8
URAN Themes Uranium & Nuclear ETF 0.4 35 45 1.3 -4.5
NUKZ Range Nuclear Renaissance Index ETF 0.4 85 -5 1.7 -4.1
SDIV Global X Superdividend ETF 0.4 58 22 14.6 +8.8
FTAG First Trust Indxx Global Agriculture ETF 0.4 70 10 7.3 +1.5
GLCR GlacierShares Nasdaq Iceland ETF 0.4 95 -15 3.3 -2.5
JADE JPMorgan Active Developing Markets Equity ETF 0.4 65 15 5.9 +0.2
PRAY FIS Christian Stock Fund 0.4 69 11 4.1 -1.7
PAWZ ProShares Pet Care ETF 0.4 50 30 4.6 -1.2
CUT Invesco MSCI Global Timber ETF 0.4 61 19 8.7 +2.9
WOOD iShares Global Timber & Forestry ETF 0.4 42 38 11.9 +6.1
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 0.4 60 20 4.5 -1.3
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.4 35 45 3.4 -2.4
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.4 20 60 4.2 -1.6
QQLV Invesco QQQ Low Volatility ETF 0.4 25 55 4.5 -1.3
FVD First Trust Value Line Dividend Index Fund 0.4 65 15 6.0 +0.2
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.4 79 1 4.1 -1.7
PID Invesco International Dividend Achievers ETF 0.4 53 27 4.5 -1.3
PRNT 3D Printing ETF 0.4 66 14 1.1 -4.6
TOLL Tema Durable Quality ETF 0.4 75 5 3.7 -2.1
ROBO ROBO Global Robotics & Automation Index ETF 0.3 95 -15 2.4 -3.4
AQWA Global X Clean Water ETF 0.3 50 30 5.4 -0.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.3 50 30 7.9 +2.1
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 49 31 13.4 +7.6
FRNW Fidelity Clean Energy ETF 0.3 39 41 2.2 -3.6
JAPN Horizon Kinetics Japan Owner Operator ETF 0.3 85 -5 5.4 -0.4
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 55 8.8 +3.0
ICLN iShares Global Clean Energy ETF 0.3 41 39 2.2 -3.6
DWLD Davis Select Worldwide ETF 0.3 63 17 7.4 +1.6
URA Global X Uranium ETF 0.3 69 11 1.2 -4.6
ANEW ProShares MSCI Transformational Changes ETF 0.3 45 35 4.2 -1.6
TMFG Motley Fool Global Opportunities ETF 0.3 85 -5 4.0 -1.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.3 39 41 13.4 +7.6
MDEV First Trust Indxx Medical Devices ETF 0.3 70 10 4.8 -1.0
MOTI VanEck Morningstar International Moat ETF 0.3 58 22 10.5 +4.7
FDHT Fidelity Digital Health ETF 0.3 39 41 1.8 -4.0
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.3 68 12 1.9 -3.9
PCGG Polen Capital Global Growth ETF 0.3 85 -5 4.0 -1.8
SHPP Pacer Industrials and Logistics ETF 0.3 60 20 6.8 +1.1
MOTO SmartETFs Smart Transportation & Technology ETF 0.3 68 12 5.6 -0.1
CARZ First Trust NASDAQ Global Auto Index Fund 0.3 70 10 2.4 -3.4
ARB AltShares Merger Arbitrage ETF 0.2 77 3 2.7 -3.1
BYRE Principal Real Estate Active Opportunities ETF 0.2 65 15 7.6 +1.9
SCJ iShares MSCI Japan Small-Cap ETF 0.2 50 30 5.3 -0.5
QQMG Invesco ESG NASDAQ 100 ETF 0.2 20 60 3.1 -2.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.2 33 47 6.7 +0.9
QQQ Invesco QQQ Trust Series I 0.2 20 60 3.2 -2.6
QQQM Invesco NASDAQ 100 ETF 0.2 15 65 3.2 -2.5
SCZ iShares MSCI EAFE Small-Cap ETF 0.2 40 40 6.2 +0.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 65 8.0 +2.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 44 7.5 +1.7
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 69 24.1 +18.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 21 8.4 +2.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 65 8.9 +3.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 59 2.9 -2.9
IXN iShares Global Tech ETF 0.1 41 39 2.5 -3.3
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 48 3.9 -1.9
WSML iShares MSCI World Small-Cap ETF 0.1 15 65 5.5 -0.3
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 45 4.3 -1.5
AVDS Avantis International Small Cap Equity ETF 0.1 30 50 6.0 +0.2
AVDV Avantis International Small Cap Value ETF 0.0 36 44 7.6 +1.8

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

  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:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.4 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 5.8 %
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.