FTXO

First Trust Nasdaq Bank ETF

The First Trust Nasdaq Bank ETF tracks an index composed of 30 U.S. banking companies. Holdings are selected by their liquidity, and weighted based on volatility, value, and growth factors.


Rules-Based, Concentrated

MANAGEMENT MATRIX

KBWB

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFirst Trust
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateSep 20, 2016
Assets (mns)$124
Expense ratio60 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionLiquidity
WeightingMulti-Factor
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
CITIGROUP INC 8.3 %
JPMORGAN CHASE & CO 8.2 %
WELLS FARGO & CO 8.2 %
BANK OF AMERICA CORP 7.9 %
US BANCORP 7.5 %
PNC FINANCIAL SERVICES GROUP 4.2 %
M & T BANK CORP 4.2 %
DISCOVER FINANCIAL SERVICES 4.0 %
FIFTH THIRD BANCORP 4.0 %
HUNTINGTON BANCSHARES INC 3.9 %
Constituent Breakdown
Number of holdings35
Herfindahl-Hirschman Index 486
Wgt avg mkt cap (mns)$85,359
Large cap (>$10bn)67.7%
Mid cap ($2-10bn)32.3%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 98.5 %
PUERTO RICO 1.3 %
Historical Performance


Standardized Annual Returns (as of 09/30/2023)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-18.9% -17.3% -18.0% 9.8% -2.8% -- 3.0%
Market Correlations
versus...BetaR-squared
S&P 5000.8023%
MSCI EAFE0.8628%
MSCI Emg Mkts0.8123%
Liquidity Measures
Avg. volume (000)33
Turnover0.5%
Avg. Bid/Ask (% of price)0.08%
ADV of underlying (mns)$3,316
Technical Indicators
Recent close$20.20
30d moving avg.$21.27
Annualized volatility29.9%
Relative strength (RSI)41
Short interest (ETF)0.1%
Short interest (underlying)1.8%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: FTXO vs. Comps (1 YR)

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Results & Estimates
  2018 2019 2020 2021 2022 2023E 2024E  
Sales per share -- -- -- -- -- -- --
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Earnings per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2022 2023E Fwd Est 2024E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.8 7.7 0.8 4.3% --
Based on closing prices from 10/2/2023
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
FTXO



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

FTXO

12.9%

Cat. Avg

6.5%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™12.9%
Recommendation

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

Category Overview
There are 905 funds in the US Equities category, with an average ALTAR Score™ of 6.5% and a standard deviation of 3.1%. FTXO's ALTAR Score™ is approximately 2.1 standard deviations above the category average. This places FTXO in the 98th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
FTXO
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
FTXO 60.0 8.1 68.1
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.