First Trust Horizon Managed Volatility Developed Intl ETF
ALTAR
Score™		 5.6% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 14.8x 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) $16
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 161
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 %
TELSTRA CORPORATION LIMITED 2.1 %
ASCENDAS REAL ESTATE INV TRT 2.0 %
HONG KONG & CHINA GAS 1.9 %
CAPITALAND INTEGRATED COMMERCIAL T 1.7 %
SOFTBANK CORP. 1.3 %
UNITED OVERSEAS BANK LTD 1.3 %
TRYG A/S 1.3 %
KLEPIERRE 1.3 %
OVERSEA-CHINESE BANKING CORP 1.2 %
Total 16.2 %

TOP COUNTRY EXPOSURE
JAPAN 15.2 %
SINGAPORE 9.1 %
FRANCE 8.9 %
AUSTRALIA 8.5 %
HONG KONG 8.4 %
SWITZERLAND 6.9 %
BRITAIN 6.7 %
SWEDEN 5.5 %
GERMANY 5.4 %
ITALY 5.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.7% 10.0% 6.4% -- 5.4%

Market Correlations
versus... Beta R-squared
S&P500 0.53 31%
MSCI EAFE 0.66 77%
MSCI Emg. Mkts. 0.38 46%

Technical Indicators
Recent close $36.44
30d moving avg. $37.52
Annualized volatility 12.5%
Short interest (ETF) 0.2%
Relative strength (RSI) 43

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $6,540

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 395 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™: 5.6%


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 37.1 22 58 5.8 +0.2
DWMF WisdomTree International Multifactor Fund 34.3 38 42 7.0 +1.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 26.5 32 48 5.4 -0.2
QEFA SPDR MSCI EAFE StrategicFactors ETF 24.7 30 50 6.2 +0.6
DIVI Franklin International Core Dividend Tilt Index ETF 23.5 9 71 6.6 +1.0
LVHI Franklin International Low Volatility High Dividend Index ET 22.2 40 40 7.7 +2.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 22.2 9 71 7.8 +2.2
CIL VictoryShares International Volatility Wtd ETF 22.0 45 35 5.8 +0.2
TPIF Timothy Plan International ETF 21.9 62 18 5.6 +0.0
EFV iShares MSCI EAFE Value ETF 21.1 34 46 7.6 +2.0
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 20.2 25 55 6.3 +0.7
DWX SPDR S&P International Dividend ETF 19.9 45 35 6.8 +1.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 19.8 29 51 7.0 +1.4
JPIN J.P. Morgan Diversified Return International Equity ETF 19.8 37 43 7.2 +1.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 19.4 25 55 6.2 +0.6
AIVI WisdomTree International AI Enhanced Value Fund 19.2 58 22 6.3 +0.7
DTH WisdomTree International High Dividend Fund 19.1 58 22 7.4 +1.8
DOL WisdomTree International LargeCap Dividend Fund 18.7 48 32 5.7 +0.1
JHMD John Hancock Multifactor Developed International ETF 17.8 39 41 6.2 +0.6
DIM WisdomTree International MidCap Dividend Fund 17.6 58 22 6.4 +0.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 17.4 36 44 5.4 -0.3
ESGD iShares ESG Aware MSCI EAFE ETF 17.4 20 60 5.8 +0.2
HFXI IQ FTSE International Equity Currency Neutral ETF 17.1 20 60 5.6 +0.0
EFA iShares MSCI EAFE ETF 16.9 35 45 5.8 +0.1
HEFA iShares Currency Hedged MSCI EAFE ETF 16.8 35 45 5.8 +0.1
CEFA Global X S&P Catholic Values Developed ex-US ETF 16.7 35 45 5.7 +0.1
EFAS Global X MSCI SuperDividend EAFE ETF 16.7 57 23 7.3 +1.7
DWM WisdomTree International Equity Fund 16.5 48 32 5.7 +0.0
GSID Goldman Sachs MarketBeta International Equity ETF 16.4 20 60 5.9 +0.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 16.3 46 34 5.5 -0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 16.3 40 40 5.7 +0.1
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 16.3 20 60 5.7 +0.1
DMXF iShares ESG Advanced MSCI EAFE ETF 16.1 12 68 4.9 -0.7
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 16.0 12 68 5.3 -0.3
FLEE Franklin FTSE Europe ETF 15.9 9 71 6.3 +0.7
BBEU JPMorgan BetaBuilders Europe ETF 15.9 9 71 6.2 +0.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 15.8 24 56 6.9 +1.3
IQSI IQ Candriam International Equity ETF 15.8 15 65 5.6 -0.0
IMFL Invesco International Developed Dynamic Multifactor ETF 15.6 34 46 5.2 -0.4
EPP iShares MSCI Pacific ex-Japan ETF 15.6 47 33 5.1 -0.5
IEV iShares Europe ETF 15.5 67 13 5.9 +0.3
VYMI Vanguard International High Dividend Yield ETF 15.4 17 63 8.1 +2.5
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 15.4 19 61 5.5 -0.1
IQLT iShares MSCI Intl Quality Factor ETF 15.2 30 50 5.5 -0.1
JIRE JPMorgan International Research Enhanced Equity ETF 15.0 24 56 5.9 +0.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 14.9 14 66 5.3 -0.3
IEFA iShares Core MSCI EAFE ETF 14.8 7 73 6.1 +0.5
UIVM VictoryShares International Value Momentum ETF 14.8 35 45 8.2 +2.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 14.7 45 35 6.8 +1.1
IEUR iShares Core MSCI Europe ETF 14.7 11 69 6.4 +0.8
BKIE BNY Mellon International Equity ETF 14.6 4 76 6.0 +0.4
STXI Strive International Developed Markets ETF 14.5 29 51 6.2 +0.6
SPEU SPDR Portfolio Europe ETF 14.4 7 73 6.5 +0.9
JIVE JPMorgan International Value ETF 14.2 55 25 8.4 +2.8
RFDI First Trust Riverfront Dynamic Developed International ETF 14.2 83 -3 7.8 +2.2
VGK Vanguard FTSE Europe ETF 14.1 6 74 6.6 +1.0
FIDI Fidelity International High Dividend ETF 13.9 18 62 7.3 +1.6
IVSI Applied Finance IVS International Large ETF 13.7 65 15 6.1 +0.4
NUDM Nuveen ESG International Developed Markets Equity ETF 13.5 31 49 5.6 -0.0
FDEV Fidelity International Multifactor ETF 13.4 18 62 7.3 +1.7
IDEV iShares Core MSCI International Developed Markets ETF 13.3 4 76 6.0 +0.4
SCHY Schwab International Dividend Equity ETF 13.3 14 66 8.5 +2.9
FENI Fidelity Enhanced International ETF 13.1 28 52 5.8 +0.2
EZU iShares MSCI Eurozone ETF 13.0 52 28 5.6 -0.0
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 13.0 20 60 5.7 +0.1
HEZU iShares Currency Hedged MSCI Eurozone ETF 13.0 53 27 5.5 -0.2
DFIV Dimensional International Value ETF 12.9 27 53 7.8 +2.2
DFAI Dimensional International Core Equity Market ETF 12.9 18 62 6.1 +0.4
FICS First Trust International Developed Capital Strength ETF 12.7 70 10 6.8 +1.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 12.7 45 35 5.6 -0.1
IVLU iShares MSCI Intl Value Factor ETF 12.7 30 50 8.1 +2.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 12.6 39 41 6.2 +0.6
GCOW Pacer Global Cash Cows Dividend ETF 12.5 60 20 9.4 +3.7
SCHF Schwab International Equity ETF 12.4 6 74 6.0 +0.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 12.3 56 24 9.8 +4.1
FNDF Schwab Fundamental International Large Co. Index ETF 12.3 25 55 7.4 +1.8
WWJD Inspire International ETF 12.2 80 0 6.4 +0.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.2 41 39 6.0 +0.4
SPDW SPDR Portfolio Developed World ex-US ETF 12.2 3 77 5.8 +0.2
VEA Vanguard FTSE Developed Markets ETF 11.9 3 77 6.0 +0.4
IGRO iShares International Dividend Growth ETF 11.8 15 65 6.8 +1.2
PPIE Putnam PanAgora ESG International Equity ETF 11.8 49 31 6.2 +0.6
IPAC iShares Core MSCI Pacific ETF 11.6 9 71 5.5 -0.1
RCGE RockCreek Global Equality ETF 11.6 95 -15 6.2 +0.5
IMTM iShares MSCI Intl Momentum Factor ETF 11.5 30 50 4.7 -0.9
AVSD Avantis Responsible International Equity ETF 11.5 23 57 6.0 +0.3
JHID John Hancock International High Dividend ETF 11.5 46 34 7.9 +2.3
CWI SPDR MSCI ACWI ex-US ETF 11.1 30 50 6.5 +0.9
FID First Trust S&P International Dividend Aristocrats ETF 11.0 60 20 7.8 +2.1
INTF iShares International Equity Factor ETF 11.0 15 65 6.5 +0.9
AVDE Avantis International Equity ETF 10.9 23 57 6.2 +0.6
EUFN iShares MSCI Europe Financials ETF 10.8 51 29 7.1 +1.5
ACWX iShares MSCI ACWI ex U.S. ETF 10.7 34 46 6.4 +0.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 10.7 18 62 6.4 +0.8
EWJV iShares MSCI Japan Value ETF 10.6 15 65 7.0 +1.3
IDV iShares International Select Dividend ETF 10.5 51 29 9.1 +3.5
WDIV SPDR S&P Global Dividend ETF 10.5 40 40 9.1 +3.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 10.4 39 41 7.0 +1.4
DIHP Dimensional International High Profitability ETF 10.1 29 51 5.8 +0.2
INEQ Columbia International Equity Income ETF 10.1 45 35 7.9 +2.3
FRGN Horizon International Equity ETF 10.1 75 5 7.8 +2.2
DFIC Dimensional International Core Equity 2 ETF 10.0 23 57 6.3 +0.6
EFAD ProShares MSCI EAFE Dividend Growers ETF 9.8 50 30 5.7 +0.1
VEU Vanguard FTSE All-World ex-US Index Fund 9.8 4 76 6.7 +1.1
DEW WisdomTree Global High Dividend Fund 9.8 58 22 7.2 +1.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 9.7 47 33 5.0 -0.7
DFSI Dimensional International Sustainability Core 1 ETF 9.7 24 56 5.7 +0.1
FIVA Fidelity International Value Factor ETF 9.6 18 62 7.3 +1.7
AVIV Avantis International Large Cap Value ETF 9.6 25 55 7.0 +1.4
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 9.6 25 55 5.5 -0.1
FEP First Trust Europe AlphaDEX Fund 9.6 80 0 6.8 +1.2
IXUS iShares Core MSCI Total International Stock ETF 9.3 7 73 6.6 +1.0
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 9.2 10 70 8.6 +3.0
VXUS Vanguard Total International Stock ETF 9.2 5 75 6.7 +1.0
EWS iShares MSCI Singapore ETF 9.1 50 30 4.2 -1.4
VPL Vanguard FTSE Pacific ETF 9.1 7 73 5.3 -0.4
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 9.0 58 22 7.1 +1.5
ACWV iShares MSCI Global Min Vol Factor ETF 9.0 20 60 5.7 +0.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 8.8 12 68 8.8 +3.2
IQDF FlexShares International Quality Dividend Index Fund 8.7 47 33 7.6 +2.0
IDMO Invesco S&P International Developed Momentum ETF 8.6 25 55 5.3 -0.3
IFGL iShares International Developed Real Estate ETF 8.6 48 32 7.5 +1.9
FEUZ First Trust Eurozone AlphaDEX ETF 8.5 80 0 6.4 +0.8
EWH iShares MSCI Hong Kong ETF 8.4 50 30 5.4 -0.2
QWLD SPDR MSCI World StrategicFactors ETF 8.4 30 50 5.2 -0.4
DXIV Dimensional International Vector Equity ETF 8.3 34 46 6.6 +1.0
IQRA IQ CBRE Real Assets ETF 8.3 65 15 5.9 +0.2
BBJP JPMorgan BetaBuilders Japan ETF 8.3 19 61 5.3 -0.3
DBJP Xtrackers MSCI Japan Hedged Equity ETF 8.2 47 33 4.6 -1.0
JPXN iShares JPX-Nikkei 400 ETF 8.1 48 32 5.4 -0.2
DVYA iShares Asia/Pacific Dividend ETF 8.0 49 31 7.1 +1.5
EWJ iShares MSCI Japan ETF 7.9 50 30 4.9 -0.7
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 7.9 46 34 5.0 -0.6
VSGX Vanguard ESG International Stock ETF 7.9 10 70 6.6 +1.0
HEWJ iShares Currency Hedged MSCI Japan ETF 7.9 50 30 5.4 -0.2
TTAI FCF International Quality ETF 7.8 59 21 6.8 +1.2
IDHQ Invesco S&P International Developed High Quality ETF 7.8 29 51 5.4 -0.2
QINT American Century Quality Diversified International ETF 7.7 39 41 6.6 +1.0
EFG iShares MSCI EAFE Growth ETF 7.4 36 44 3.8 -1.8
IXG iShares Global Financials ETF 7.4 42 38 6.3 +0.7
FLJP Franklin FTSE Japan ETF 7.4 9 71 5.4 -0.3
VIDI Vident International Equity Strategy ETF 7.4 61 19 8.1 +2.5
RWX SPDR Dow Jones International Real Estate ETF 7.3 59 21 7.4 +1.8
FLJH Franklin FTSE Japan Hedged ETF 7.3 9 71 5.1 -0.5
ASEA Global X FTSE Southeast Asia ETF 7.1 65 15 5.5 -0.1
FEOE First Eagle Overseas Equity ETF 7.1 79 1 6.2 +0.6
KXI iShares Global Consumer Staples ETF 6.8 41 39 5.3 -0.3
FEZ SPDR EURO STOXX 50 ETF 6.7 29 51 5.8 +0.1
JXI iShares Global Utilities ETF 6.7 43 37 5.2 -0.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 6.6 80 0 6.7 +1.1
DGT State Street SPDR Global Dow ETF 6.5 50 30 5.7 +0.0
FLAU Franklin FTSE Australia ETF 6.5 9 71 6.0 +0.3
KLMT Invesco MSCI Global Climate 500 ETF 6.5 10 70 5.0 -0.7
HEDJ WisdomTree Europe Hedged Equity Fund 6.5 58 22 5.9 +0.3
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 6.5 65 15 4.2 -1.5
EWA iShares MSCI Australia ETF 6.4 50 30 5.4 -0.2
BLES Inspire Global Hope ETF 6.4 61 19 5.7 +0.1
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 6.4 80 0 3.6 -2.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.3 30 50 6.4 +0.8
IXP iShares Global Comm Services ETF 6.3 42 38 5.7 +0.0
EUDV ProShares MSCI Europe Dividend Growers ETF 6.3 55 25 5.7 +0.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 6.2 65 15 7.3 +1.6
FYLD Cambria Foreign Shareholder Yield ETF 6.2 59 21 10.2 +4.5
FLSW Franklin FTSE Switzerland ETF 6.1 9 71 5.8 +0.1
CGDG Capital Group Dividend Growers ETF 6.1 47 33 5.2 -0.4
ESGG FlexShares STOXX Global ESG Select Index Fund 6.0 42 38 4.0 -1.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 6.0 58 22 5.4 -0.2
IQDG WisdomTree International Quality Dividend Growth Fund 5.9 42 38 5.8 +0.2
EWL iShares MSCI Switzerland ETF 5.8 50 30 5.6 -0.1
GVAL Cambria Global Value ETF 5.6 68 12 9.0 +3.3
EWQ iShares MSCI France ETF 5.5 53 27 6.5 +0.9
EWD iShares MSCI Sweden ETF 5.5 54 26 5.1 -0.5
FDD First Trust Stoxx European Select Dividend Index Fund 5.4 58 22 9.8 +4.1
VIGI Vanguard International Dividend Appreciation ETF 5.3 10 70 6.1 +0.4
EUDG WisdomTree Europe Quality Dividend Growth Fund 5.3 58 22 6.4 +0.8
ICOW Pacer Developed Markets International Cash Cows 100 ETF 5.2 65 15 7.8 +2.2
EWI iShares MSCI Italy ETF 5.1 50 30 10.8 +5.1
ERET iShares Environmentally Aware Real Estate ETF 5.1 30 50 6.9 +1.2
EWG iShares MSCI Germany ETF 5.0 50 30 5.9 +0.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.9 12 68 4.4 -1.2
IPKW Invesco International BuyBack Achievers ETF 4.9 55 25 8.2 +2.5
EWN iShares MSCI Netherlands ETF 4.9 50 30 4.5 -1.1
GEW Cambria Global EW ETF 4.8 29 51 5.4 -0.2
KOKU Xtrackers MSCI Kokusai Equity ETF 4.8 9 71 4.4 -1.2
URTH iShares MSCI World ETF 4.7 24 56 4.3 -1.3
JIG JPMorgan International Growth ETF 4.7 55 25 3.6 -2.0
RWO SPDR Dow Jones Global Real Estate ETF 4.6 50 30 6.3 +0.7
FLGR Franklin FTSE Germany ETF 4.6 9 71 6.6 +0.9
FJP First Trust Japan AlphaDEX Fund 4.5 80 0 7.5 +1.9
NXTG First Trust Indxx NextG ETF 4.4 70 10 3.4 -2.2
SDG iShares MSCI Global Sustainable Development Goals ETF 4.4 49 31 4.5 -1.2
TOK iShares MSCI Kokusai ETF 4.4 26 54 4.3 -1.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.4 20 60 4.7 -0.9
CGIE Capital Group International Equity ETF 4.3 54 26 4.6 -1.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.3 47 33 7.2 +1.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 4.3 25 55 5.5 -0.1
CZAR Themes Natural Monopoly ETF 4.3 35 45 5.4 -0.2
VGSR Vert Global Sustainable Real Estate ETF 4.2 47 33 7.0 +1.3
BKCI BNY Mellon Concentrated International ETF 4.2 80 0 4.9 -0.8
JSTC Adasina Social Justice All Cap Global ETF 4.2 89 -9 4.3 -1.3
DAX Global X DAX Germany ETF 4.2 21 59 6.2 +0.6
GII SPDR S&P Global Infrastructure ETF 4.2 40 40 4.3 -1.3
IGF iShares Global Infrastructure ETF 4.2 41 39 4.2 -1.4
FLGB Franklin FTSE United Kingdom ETF 4.2 9 71 6.8 +1.2
DSTX Distillate International Fundamental Stability & Value ETF 4.2 55 25 6.7 +1.1
ACWI iShares MSCI ACWI ETF 4.1 32 48 4.6 -1.0
DXJ WisdomTree Japan Hedged Equity Fund 4.1 48 32 5.3 -0.3
FEGE First Eagle Global Equity ETF 4.1 79 1 6.1 +0.5
MOTG VanEck Morningstar Global Wide Moat ETF 4.1 52 28 8.0 +2.4
AVRE Avantis Real Estate ETF 4.0 17 63 6.8 +1.1
UMMA Wahed Dow Jones Islamic World ETF 4.0 65 15 3.5 -2.1
KNO AXS Knowledge Leaders ETF 4.0 78 2 4.0 -1.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 3.9 9 71 4.9 -0.8
OCEN IQ Clean Oceans ETF 3.8 45 35 4.6 -1.1
IDOG ALPS International Sector Dividend Dogs ETF 3.8 50 30 9.2 +3.6
GQRE FlexShares Global Quality Real Estate Index Fund 3.8 45 35 7.3 +1.7
KOCG FIS Knights of Columbus Global Belief ETF 3.8 75 5 4.4 -1.2
IVAL Alpha Architect International Quantitative Value ETF 3.8 49 31 7.7 +2.1
EWU iShares MSCI United Kingdom ETF 3.7 50 30 7.2 +1.6
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.7 78 2 9.7 +4.1
PATN Pacer Nasdaq International Patent Leaders ETF 3.7 65 15 4.0 -1.6
BINV Brandes International ETF 3.6 70 10 8.6 +3.0
FGM First Trust Germany AlphaDEX Fund 3.6 80 0 4.9 -0.7
AIA iShares Asia 50 ETF 3.6 50 30 7.7 +2.1
VT Vanguard Total World Stock ETF 3.5 6 74 5.0 -0.6
ICPY Tweedy, Browne International Insider Value ETF 3.5 80 0 21.5 +15.9
REET iShares Global REIT ETF 3.5 14 66 7.0 +1.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 3.5 58 22 3.4 -2.3
IOO iShares Global 100 ETF 3.4 41 39 3.8 -1.8
EWP iShares MSCI Spain ETF 3.4 50 30 6.0 +0.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 3.4 70 10 6.9 +1.3
GLOF iShares Global Equity Factor ETF 3.3 20 60 5.6 -0.1
PIEL Pacer International Export Leaders ETF 3.2 60 20 4.1 -1.5
DFGR Dimensional Global Real Estate ETF 3.2 22 58 7.0 +1.4
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.2 80 0 6.9 +1.3
FSZ First Trust Switzerland AlphaDEX Fund 3.1 80 0 5.2 -0.4
FLAX Franklin FTSE Asia Ex Japan ETF 3.1 19 61 7.1 +1.5
WLDR Affinity World Leaders Equity ETF 3.1 67 13 5.8 +0.1
COPY Tweedy, Browne Insider + Value ETF 3.1 80 0 14.9 +9.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.0 46 34 7.8 +2.2
OEFA ALPS O’Shares International Developed Quality Dividend ETF 2.9 48 32 4.7 -1.0
RGEF Rockefeller Global Equity ETF 2.9 55 25 3.8 -1.8
CCNR ALPS CoreCommodity Natural Resources ETF 2.8 39 41 8.1 +2.5
CLNR IQ Cleaner Transport ETF 2.8 45 35 3.9 -1.7
EXI iShares Global Industrials ETF 2.7 42 38 3.6 -2.0
ERTH Invesco MSCI Sustainable Future ETF 2.7 62 18 3.0 -2.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.7 70 10 3.8 -1.8
GNR SPDR S&P Global Natural Resources ETF 2.7 40 40 8.6 +3.0
GLBL Pacer MSCI World Industry Advantage ETF 2.6 65 15 3.4 -2.3
FKU First Trust United Kingdom AlphaDEX Fund 2.6 80 0 7.3 +1.7
OAIM OneAscent International Equity ETF 2.6 95 -15 4.7 -1.0
ISCF iShares International SmallCap Equity Factor ETF 2.6 23 57 7.3 +1.7
DTAN Sparkline International Intangible Value ETF 2.6 55 25 7.1 +1.5
EWK iShares MSCI Belgium ETF 2.6 50 30 3.8 -1.8
FNDC Schwab Fundamental International Small Co. Index ETF 2.5 39 41 6.8 +1.2
CGGO Capital Group Global Growth Equity ETF 2.5 47 33 4.1 -1.6
CGW Invesco S&P Global Water Index ETF 2.4 57 23 4.6 -1.0
EBLU Ecofin Global Water ESG Fund 2.4 40 40 4.6 -1.0
PIO Invesco Global Water ETF 2.4 75 5 4.5 -1.2
TBLU Tortoise Global Water ESG ETF 2.4 40 40 4.6 -1.0
KNCT Invesco Next Gen Connectivity ETF 2.4 40 40 2.9 -2.7
AGQI First Trust Active Global Quality Income ETF 2.4 85 -5 6.5 +0.8
CRTC Xtrackers US National Critical Technologies ETF 2.2 35 45 4.2 -1.5
EFRA iShares Environmental Infrastructure and Industrials ETF 2.2 47 33 5.1 -0.6
AQLT iShares MSCI Global Quality Factor ETF 2.2 18 62 0.0 -5.6
JGLO JPMorgan Global Select Equity ETF 2.2 33 47 4.3 -1.3
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 2.1 60 20 3.4 -2.2
EDEN iShares MSCI Denmark ETF 2.1 53 27 6.4 +0.8
DFIS Dimensional International Small Cap ETF 2.1 39 41 6.1 +0.5
DISV Dimensional International Small Cap Value ETF 2.0 42 38 8.1 +2.5
OBOR KraneShares MSCI One Belt One Road Index ETF 2.0 79 1 7.5 +1.9
INFL Horizon Kinetics Inflation Beneficiaries ETF 2.0 85 -5 2.8 -2.8
ENOR iShares MSCI Norway ETF 2.0 53 27 7.6 +2.0
NORW Global X MSCI Norway ETF 2.0 50 30 7.6 +2.0
POW VistaShares Electrification Supercycle ETF 1.9 75 5 2.0 -3.6
ENZL iShares MSCI New Zealand ETF 1.8 50 30 3.9 -1.8
WTRE WisdomTree New Economy Real Estate Fund 1.8 58 22 -0.3 -6.0
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 1.8 58 22 5.2 -0.4
SMOG VanEck Low Carbon Energy ETF 1.7 61 19 1.2 -4.4
IXC iShares Global Energy ETF 1.7 44 36 7.3 +1.7
HAP VanEck Natural Resources ETF 1.7 50 30 6.8 +1.2
XT iShares Exponential Technologies ETF 1.7 46 34 3.8 -1.8
DFNL Davis Select Financial ETF 1.7 63 17 7.6 +2.0
IXJ iShares Global Healthcare ETF 1.7 42 38 6.3 +0.7
SAGP Strategas Global Policy Opportunities ETF 1.7 65 15 4.9 -0.7
FPAG FPA Global Equity ETF 1.5 49 31 5.8 +0.2
QTUM Defiance Quantum ETF 1.5 40 40 3.5 -2.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.5 49 31 6.1 +0.5
DIVS SmartETFs Dividend Builder ETF 1.4 65 15 4.5 -1.2
AQWA Global X Clean Water ETF 1.3 50 30 5.1 -0.6
FTRI First Trust Indxx Global Natural Resources Income ETF 1.3 70 10 6.7 +1.1
CGXU Capital Group International Focus Equity ETF 1.3 54 26 3.8 -1.8
RITA ETFB Green SRI REITs ETF 1.3 50 30 5.5 -0.1
MOTI VanEck Morningstar International Moat ETF 1.2 58 22 10.2 +4.6
AIRL Themes Airlines ETF 1.2 35 45 1.6 -4.0
JETS U.S. Global Jets ETF 1.2 60 20 2.5 -3.1
VCLN Virtus Duff & Phelps Clean Energy ETF 1.2 59 21 2.2 -3.4
BCDF Horizon Kinetics Blockchain Development ETF 1.2 85 -5 3.9 -1.7
BITQ Bitwise Crypto Industry Innovators ETF 1.2 85 -5 -2.1 -7.8
BLOK Amplify Transformational Data Sharing ETF 1.2 75 5 -0.1 -5.8
FDFF Fidelity Disruptive Finance ETF 1.2 50 30 5.6 +0.0
FDVV Fidelity High Dividend ETF 1.2 15 65 6.6 +1.0
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.1 45 35 -0.9 -6.6
RNRG Global X Renewable Energy Producers ETF 1.1 66 14 4.3 -1.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.1 35 45 3.4 -2.2
RXI iShares Global Consumer Discretionary ETF 1.1 41 39 8.2 +2.6
FDRR Fidelity Dividend ETF for Rising Rates 1.0 15 65 5.7 +0.1
MXI iShares Global Materials ETF 1.0 41 39 6.0 +0.3
GINN Goldman Sachs Innovate Equity ETF 1.0 52 28 3.7 -1.9
MDEV First Trust Indxx Medical Devices ETF 1.0 70 10 5.1 -0.6
FAN First Trust Global Wind Energy ETF 1.0 60 20 2.8 -2.9
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 1.0 79 1 3.6 -2.0
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 1.0 75 5 6.0 +0.4
FTAG First Trust Indxx Global Agriculture ETF 1.0 70 10 7.2 +1.6
MOO VanEck Agribusiness ETF 1.0 53 27 9.2 +3.6
VEGI iShares MSCI Agriculture Producers ETF 1.0 39 41 7.7 +2.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.9 42 38 4.1 -1.6
TOLL Tema Durable Quality ETF 0.9 75 5 3.8 -1.8
WRND IQ Global Equity R&D Leaders ETF 0.9 18 62 4.0 -1.6
IBAT iShares Energy Storage & Materials ETF 0.8 47 33 1.5 -4.1
HART IQ Healthy Hearts ETF 0.8 45 35 5.8 +0.2
FVD First Trust Value Line Dividend Index Fund 0.8 65 15 5.8 +0.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.8 95 -15 10.0 +4.4
AKAF The Frontier Economic Fund 0.8 20 60 5.2 -0.4
IPAV Global X Infrastructure Development ex-U.S. ETF 0.7 55 25 5.7 +0.1
EVX VanEck Environmental Services ETF 0.7 55 25 4.1 -1.5
SHPP Pacer Industrials and Logistics ETF 0.7 60 20 6.6 +0.9
RAYJ Rayliant SMDAM Japan Equity ETF 0.7 72 8 2.9 -2.7
SRET Global X SuperDividend REIT ETF 0.6 59 21 12.6 +7.0
BETZ Roundhill Sports Betting & iGaming ETF 0.6 75 5 3.5 -2.1
PBD Invesco Global Clean Energy ETF 0.6 75 5 0.2 -5.4
FRNW Fidelity Clean Energy ETF 0.6 39 41 1.7 -3.9
FLV American Century Focused Large Cap Value ETF 0.6 42 38 6.0 +0.4
DIVY Sound Equity Dividend Income ETF 0.6 45 35 8.1 +2.4
NDIV Amplify Natural Resources Dividend Income ETF 0.6 59 21 11.5 +5.8
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 0.6 49 31 7.9 +2.3
GINX SGI Enhanced Global Income ETF 0.6 98 -18 6.7 +1.1
TIIV AAM Todd International Intrinsic Value ETF 0.6 54 26 9.7 +4.1
GPT Intelligent Alpha Atlas ETF 0.6 69 11 6.1 +0.5
AZTD Aztlan Global Stock Selection DM SMID ETF 0.6 75 5 4.1 -1.5
SDIV Global X Superdividend ETF 0.6 58 22 13.8 +8.2
ION ProShares S&P Global Core Battery Metals ETF 0.5 58 22 5.9 +0.2
CGV Conductor Global Equity Value ETF 0.5 130 -50 7.7 +2.1
EIPX FT Energy Income Partners Strategy ETF 0.5 95 -15 5.8 +0.2
BMED Future Health ETF 0.5 85 -5 1.3 -4.4
WDNA WisdomTree BioRevolution Fund 0.5 45 35 -2.2 -7.9
CANC Tema Oncology ETF 0.5 75 5 -2.4 -8.0
HRTS Tema Heart & Health ETF 0.5 75 5 2.9 -2.7
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 0.5 60 20 4.2 -1.4
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.5 20 60 4.0 -1.7
QQLV Invesco QQQ Low Volatility ETF 0.5 25 55 4.3 -1.4
BYRE Principal Real Estate Active Opportunities ETF 0.5 65 15 6.9 +1.3
IDNA iShares Genomics Immunology and Healthcare ETF 0.5 47 33 -0.3 -5.9
ICLN iShares Global Clean Energy ETF 0.5 41 39 1.7 -4.0
FPXI First Trust International Equity Opportunities ETF 0.5 70 10 3.7 -2.0
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.5 61 19 1.5 -4.1
PAWZ ProShares Pet Care ETF 0.5 50 30 4.4 -1.3
JDOC JPMorgan Healthcare Leaders ETF 0.5 65 15 3.5 -2.1
ANEW ProShares MSCI Transformational Changes ETF 0.4 45 35 4.4 -1.2
EIRL iShares MSCI Ireland ETF 0.4 50 30 7.1 +1.5
TMFG Motley Fool Global Opportunities ETF 0.4 85 -5 3.7 -1.9
QUVU Hartford Quality Value ETF 0.4 46 34 5.6 -0.0
MEM Matthews Emerging Markets Equity Active ETF 0.4 79 1 8.5 +2.8
ROBO ROBO Global Robotics & Automation Index ETF 0.3 95 -15 2.3 -3.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.3 50 30 8.1 +2.4
TINY ProShares Nanotechnology ETF 0.3 58 22 1.3 -4.4
FDHT Fidelity Digital Health ETF 0.3 39 41 1.7 -3.9
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.3 68 12 2.5 -3.2
PCGG Polen Capital Global Growth ETF 0.3 85 -5 3.9 -1.7
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 55 8.8 +3.2
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 60 3.1 -2.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.3 39 41 13.7 +8.1
EIPI FT Energy Income Partners Enhanced Income ETF 0.2 110 -30 5.4 -0.3
BOAT SonicShares Global Shipping ETF 0.2 69 11 21.3 +15.7
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 31 13.4 +7.8
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 59 2.9 -2.8
QQQ Invesco QQQ Trust Series I 0.2 20 60 3.2 -2.5
QQQM Invesco NASDAQ 100 ETF 0.2 15 65 3.2 -2.4
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 41 8.0 +2.4
SLX VanEck Steel ETF 0.2 56 24 10.1 +4.5
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.2 49 31 7.3 +1.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 44 7.6 +2.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 65 8.0 +2.4
ALRG Allspring LT Large Core ETF 0.2 28 52 3.5 -2.2
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 69 7.9 +2.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 65 8.8 +3.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 21 8.6 +2.9
IXN iShares Global Tech ETF 0.1 41 39 2.6 -3.0
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 48 3.9 -1.7
AVDV Avantis International Small Cap Value ETF 0.1 36 44 7.7 +2.1
ISHP First Trust Nasdaq Retail ETF 0.1 60 20 5.5 -0.1
SUPL ProShares Supply Chain Logistics ETF 0.1 58 22 7.4 +1.7
RVRB Reverb ETF 0.0 30 50 3.8 -1.9
XMAG Defiance Large Cap ex-Mag 7 ETF 0.0 35 45 4.3 -1.3
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 46 5.6 -0.0

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

  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 1.3 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 5.6 %
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.