First Trust India NIFTY 50 Equal Weight ETF
ALTAR
Score™		 5.0% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 19.3x P/Sales
ratio		 1.8x
P/BV
ratio		 3.1x Div.
yield		 2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust India NIFTY 50 Equal Weight ETF tracks an index of the 50 largest and most liquid Indian equity securities, equally weighted.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Feb 14, 2012
Assets (mns) $131
Currency USD
Expense ratio 80 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 52
Wgt avg mkt cap (mns) $37,486
Large cap (>$10bn) 91.9%
Mid cap ($2-10bn) 8.1%
Small cap (<$2bn) 0.0%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
ADANI ENTERPRISES LTD 3.0 %
MUNDRA PORT AND SEZ LIMITED 2.5 %
HINDALCO INDUSTRIES LIMITED 2.5 %
TATA MOTORS LTD 2.4 %
TRENT LTD 2.3 %
GRASIM INDUSTRIES LTD 2.3 %
NESTLE INDIA LIMITED 2.2 %
ASIAN PAINTS LTD 2.2 %
BAJAJ AUTO LIMITED 2.2 %
LARSEN & TOUBRO LIMITED 2.2 %
Total 23.9 %

TOP COUNTRY EXPOSURE
INDIA 96.5 %










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.
-7.3% -6.4% 5.6% 8.5% 6.1%

Market Correlations
versus... Beta R-squared
S&P500 0.64 26%
MSCI EAFE 0.55 32%
MSCI Emg. Mkts. 0.44 36%

Technical Indicators
Recent close $52.22
30d moving avg. $53.25
Annualized volatility 13.8%
Short interest (ETF) 0.1%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 37
Turnover 1.5%
Bid/Ask (% of price) 0.84%
ADV underlying (mns) $503

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 133 potential alternatives to the First Trust India NIFTY 50 Equal Weight ETF ETF based on the alternatives' overlap in portfolio holdings with NFTY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: NFTY Expense: 80 bp ALTAR Score™: 5.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH NFTY
Ticker Fund
Name		 Overlap1
vs NFTY
(%)		 Expense
ratio
(bp)		 Savings
vs NFTY
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs NFTY
(%)
INDA iShares MSCI India ETF 44.3 65 15 4.7 -0.3
PIN Invesco India ETF 42.9 78 2 4.8 -0.2
FLIN Franklin FTSE India ETF 41.5 19 61 4.2 -0.8
EPI WisdomTree India Earnings Fund 38.4 85 -5 5.2 +0.2
NDIA Global X India Active ETF 31.2 75 5 5.3 +0.3
INCO Columbia India Consumer ETF 24.8 75 5 2.2 -2.8
RNEM First Trust Emerging Markets Equity Select ETF 23.4 75 5 8.2 +3.2
BKF iShares MSCI BIC ETF 18.1 69 11 14.9 +9.9
XC WisdomTree Emerging Markets Ex-China Fund 18.0 32 48 6.6 +1.6
EMDM First Trust Bloomberg Emerging Market Democracies ETF 12.5 75 5 6.4 +1.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 11.7 24 56 5.2 +0.2
VEXC Vanguard Emerging Markets Ex-China ETF 11.6 7 73 5.7 +0.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 11.6 40 40 6.3 +1.3
STXE Strive Emerging Markets Ex-China ETF 11.3 32 48 5.2 +0.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 11.0 95 -15 10.0 +5.0
IPAV Global X Infrastructure Development ex-U.S. ETF 10.4 55 25 5.7 +0.7
GLIN VanEck India Growth Leaders ETF 9.8 77 3 5.5 +0.5
XCNY SPDR S&P Emerging Markets ex-China ETF 9.8 15 65 5.7 +0.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 9.5 25 55 6.2 +1.2
LDEM iShares ESG MSCI EM Leaders ETF 9.4 17 63 12.9 +7.9
EMC Global X Emerging Markets Great Consumer ETF 9.2 75 5 7.1 +2.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 8.7 32 48 4.8 -0.2
NUEM Nuveen ESG Emerging Markets Equity ETF 8.6 36 44 6.1 +1.1
JHEM John Hancock Multifactor Emerging Markets ETF 8.6 49 31 7.5 +2.5
EEMA iShares MSCI Emerging Markets Asia ETF 8.4 49 31 7.5 +2.5
EMXC iShares MSCI Emerging Markets ex China ETF 8.3 25 55 5.1 +0.1
PXH Invesco FTSE RAFI Emerging Markets ETF 7.7 49 31 13.4 +8.4
FLAX Franklin FTSE Asia Ex Japan ETF 7.7 19 61 7.1 +2.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 7.6 70 10 6.9 +1.9
VWO Vanguard FTSE Emerging Markets ETF 7.6 7 73 9.2 +4.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 7.4 15 65 8.0 +3.0
ECON Columbia Emerging Markets Consumer ETF 7.4 49 31 6.6 +1.6
SCHE Schwab Emerging Markets Equity ETF 7.3 11 69 9.5 +4.5
GMF SPDR S&P Emerging Asia Pacific ETF 7.1 49 31 8.6 +3.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 7.1 20 60 7.4 +2.4
XCEM Columbia EM Core ex-China ETF 7.1 16 64 4.9 -0.1
EEM iShares MSCI Emerging Markets ETF 6.6 69 11 7.8 +2.8
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 6.6 69 11 7.4 +2.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 6.6 66 14 7.2 +2.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 6.6 30 50 7.6 +2.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 6.6 36 44 7.6 +2.6
EVLU iShares MSCI Emerging Markets Value Factor ETF 6.5 35 45 10.0 +5.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 6.5 32 48 7.4 +2.4
BKEM BNY Mellon Emerging Markets Equity ETF 6.5 11 69 7.9 +2.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 6.4 39 41 13.7 +8.7
ROAM Hartford Multifactor Emerging Markets ETF 6.4 44 36 7.5 +2.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 6.0 15 65 8.8 +3.8
EMXF iShares ESG Advanced MSCI EM ETF 6.0 16 64 6.7 +1.7
IEMG iShares Core MSCI Emerging Markets ETF 5.8 9 71 8.2 +3.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 5.7 30 50 8.0 +3.0
ESGE iShares ESG Aware MSCI EM ETF 5.6 25 55 8.3 +3.3
SPEM SPDR Portfolio Emerging Markets ETF 5.5 7 73 9.5 +4.5
EMGF iShares Emerging Markets Equity Factor ETF 5.4 25 55 8.8 +3.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 5.4 45 35 8.1 +3.1
DFEV Dimensional Emerging Markets Value ETF 5.3 43 37 9.4 +4.4
DFAE Dimensional Emerging Core Equity Market ETF 4.9 35 45 7.0 +2.0
DEHP Dimensional Emerging Markets High Profitability ETF 4.9 41 39 4.8 -0.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 4.9 44 36 9.5 +4.5
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 4.9 88 -8 8.4 +3.4
AVXC Avantis Emerging Markets Ex-China Equity ETF 4.8 33 47 6.1 +1.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 4.8 33 47 6.7 +1.7
FDEM Fidelity Emerging Markets Multifactor ETF 4.8 25 55 10.4 +5.4
AVES Avantis Emerging Markets Value ETF 4.7 36 44 8.9 +3.9
EMMF WisdomTree Emerging Markets Multifactor Fund 4.3 48 32 8.4 +3.4
AVEM Avantis Emerging Markets Equity ETF 4.1 33 47 7.0 +2.0
EEMO Invesco S&P Emerging Markets Momentum ETF 4.0 29 51 6.6 +1.6
JADE JPMorgan Active Developing Markets Equity ETF 4.0 65 15 6.1 +1.1
DGIN VanEck Digital India ETF 3.9 71 9 1.5 -3.5
JIVE JPMorgan International Value ETF 3.8 55 25 8.4 +3.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.8 59 21 8.6 +3.6
DEXC Dimensional Emerging Markets ex China Core EquityETF 3.8 53 27 5.1 +0.1
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.8 60 20 6.6 +1.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 3.6 45 35 9.7 +4.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 3.5 38 42 7.0 +2.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 3.3 47 33 5.0 -0.0
AVSE Avantis Responsible Emerging Markets Equity ETF 3.2 33 47 6.6 +1.6
SCHY Schwab International Dividend Equity ETF 3.0 14 66 8.5 +3.5
ACWV iShares MSCI Global Min Vol Factor ETF 2.9 20 60 5.7 +0.7
VIGI Vanguard International Dividend Appreciation ETF 2.8 10 70 6.1 +1.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.8 41 39 6.9 +1.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.6 50 30 8.1 +3.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.4 65 15 7.3 +2.3
PICK iShares MSCI Global Metals & Mining Producers ETF 2.4 39 41 8.0 +3.0
DEM WisdomTree Emerging Markets High Dividend Fund 2.3 63 17 10.3 +5.3
FEM First Trust Emerging Markets AlphaDEX Fund 2.3 80 0 9.0 +4.0
NXTG First Trust Indxx NextG ETF 2.3 70 10 3.4 -1.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.3 18 62 6.4 +1.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.3 41 39 6.0 +1.0
VEU Vanguard FTSE All-World ex-US Index Fund 2.2 4 76 6.7 +1.7
ACWX iShares MSCI ACWI ex U.S. ETF 2.2 34 46 6.4 +1.4
VXUS Vanguard Total International Stock ETF 2.1 5 75 6.7 +1.7
CGXU Capital Group International Focus Equity ETF 2.1 54 26 3.8 -1.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 2.0 86 -6 13.4 +8.4
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 2.0 86 -6 0.3 -4.7
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 2.0 60 20 9.2 +4.2
INQQ India Internet & Ecommerce ETF 2.0 86 -6 0.7 -4.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.9 78 2 9.7 +4.7
FTRI First Trust Indxx Global Natural Resources Income ETF 1.9 70 10 6.7 +1.7
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.9 67 13 12.8 +7.8
IXUS iShares Core MSCI Total International Stock ETF 1.9 7 73 6.6 +1.6
FTAG First Trust Indxx Global Agriculture ETF 1.9 70 10 7.2 +2.2
DVYE iShares Emerging Markets Dividend ETF 1.8 49 31 17.9 +12.9
CWI SPDR MSCI ACWI ex-US ETF 1.7 30 50 6.5 +1.5
VSGX Vanguard ESG International Stock ETF 1.7 10 70 6.6 +1.6
EDIV SPDR S&P Emerging Markets Dividend ETF 1.6 49 31 9.1 +4.1
VEGI iShares MSCI Agriculture Producers ETF 1.4 39 41 7.7 +2.7
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.3 75 5 1.7 -3.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.2 30 50 6.4 +1.4
IGRO iShares International Dividend Growth ETF 1.2 15 65 6.8 +1.8
KNCT Invesco Next Gen Connectivity ETF 1.2 40 40 2.9 -2.1
KLMT Invesco MSCI Global Climate 500 ETF 1.1 10 70 5.0 -0.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.1 47 33 7.2 +2.2
EYLD Cambria Emerging Shareholder Yield ETF 0.9 66 14 9.2 +4.2
VYMI Vanguard International High Dividend Yield ETF 0.9 17 63 8.1 +3.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.9 20 60 4.7 -0.3
DGT State Street SPDR Global Dow ETF 0.8 50 30 5.7 +0.7
ACWI iShares MSCI ACWI ETF 0.8 32 48 4.6 -0.4
DWX SPDR S&P International Dividend ETF 0.8 45 35 6.8 +1.8
VT Vanguard Total World Stock ETF 0.7 6 74 5.0 0.0
AQLT iShares MSCI Global Quality Factor ETF 0.7 18 62 0.0 -5.0
IQDF FlexShares International Quality Dividend Index Fund 0.7 47 33 7.6 +2.6
MINV Matthews Asia Innovators Active ETF 0.6 79 1 5.1 +0.1
JIG JPMorgan International Growth ETF 0.6 55 25 3.6 -1.4
CGGO Capital Group Global Growth Equity ETF 0.6 47 33 4.1 -1.0
MEM Matthews Emerging Markets Equity Active ETF 0.5 79 1 8.5 +3.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.4 42 38 4.1 -1.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 68 4.4 -0.6
JGLO JPMorgan Global Select Equity ETF 0.3 33 47 4.3 -0.7
SDG iShares MSCI Global Sustainable Development Goals ETF 0.3 49 31 4.5 -0.6
GLOF iShares Global Equity Factor ETF 0.3 20 60 5.6 +0.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 34 7.8 +2.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 71 4.9 -0.1
DEW WisdomTree Global High Dividend Fund 0.1 58 22 7.2 +2.2

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 India NIFTY 50 Equal Weight 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 16.9 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 CATEGORY
AVERAGE		 1.53
 
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.