SDVY
First Trust SMID Cap Rising Dividend Achievers ETF
SDVY tracks an equally weighted index of small- and midcap US companies with historically increasing dividends that meet various fundamental criteria.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
60 bp
EXPENSES
$30.0 B
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | First Trust |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Nov 02, 2017 |
Assets (mns) | $29,963 |
Expense ratio | 60 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Fundamental |
Weighting | Equal |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
CAREER EDUCATION CORP | 1.4 % |
EASTERN BANKSHARES, INC. | 1.2 % |
INTERNATIONAL BANCSHARES CRP | 1.1 % |
SYNOVUS FINANCIAL CORP. | 1.1 % |
ZIONS BANCORPORATION | 1.1 % |
INSTALLED BUILDING PRODUCTS | 1.1 % |
FIRST BANCORP PUERTO RICO | 1.1 % |
CITIZENS FINANCIAL GROUP, INC. | 1.1 % |
CACTUS, INC. CLASS A | 1.1 % |
CENTURY COMMUNITIES INC | 1.1 % |
Constituent Breakdown
Number of holdings | 605 |
Herfindahl-Hirschman Index | 105 |
Wgt avg mkt cap (mns) | $10,618 |
Large cap (>$10bn) | 40.7% |
Mid cap ($2-10bn) | 47.1% |
Small cap (<$2bn) | 11.2% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 93.3 % | |
BERMUDA | 2.9 % | |
PUERTO RICO | 2.2 % | |
SWITZERLAND | 1.0 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 2.6% | 20.3% | 21.1% | 6.9% | 12.3% | -- | 9.3% | Volatility | 15.6% | 18.1% | 21.7% | 21.7% | 28.6% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.04 | 71% |
MSCI EAFE | 1.10 | 73% |
MSCI Emg Mkts | 0.78 | 38% |
Liquidity Measures
Avg. volume (000) | 1,278 |
Turnover | 0.2% |
Avg. Bid/Ask (% of price) | 0.06% |
ADV of underlying (mns) | $18,644 |
Technical Indicators
Recent close | $35.75 |
30d moving avg. | $33.86 |
Annualized volatility | 22.4% |
Relative strength (RSI) | 50 |
Short interest (ETF) | 0.0% |
Short interest (underlying) | 3.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. SDVY |
Expenses vs. SDVY |
ALTAR Score™ vs. SDVY |
---|---|---|---|---|
RNMC | First Trust Mid Cap US Equity Select ETF | 24.3% | 0 bp | -2.4% |
AFMC | First Trust Active Factor Mid Cap ETF | 22.3% | +5 bp | -2.0% |
KBE | SPDR S&P Bank ETF | 22.3% | -25 bp | 0.0% |
VAMO | Cambria Value & Momentum ETF | 21.8% | +1 bp | -0.1% |
RDVY | First Trust Rising Dividend Achievers ETF | 20.8% | -10 bp | +0.2% |
XMHQ | Invesco S&P MidCap Quality ETF | 20.1% | -35 bp | -2.8% |
XMVM | Invesco S&P MidCap Value with Momentum ETF | 20.1% | -21 bp | +1.3% |
FXO | First Trust Financials AlphaDEX Fund | 19.6% | +2 bp | -1.0% |
DON | WisdomTree U.S. MidCap Dividend Fund | 19.6% | -22 bp | -0.9% |
FNK | First Trust Mid Cap Value AlphaDEX Fund | 19.6% | +10 bp | +1.3% |
Risk and Returns: SDVY vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
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 | --% |
Based on closing prices from 7/25/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
SDVY
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™
SDVY
9.2%
Cat. Avg
5.7%
Fund Category: US
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 9.2% |
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 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. SDVY's ALTAR Score™ is approximately
1.4 standard deviations
above
the category average. This places SDVY in the 92nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
SDVY
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
SDVY (60 bp) Percentile rank | 66 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
SDVY | 60.0 | 5.8 | 65.8 |
Peer Avg. | 29.1 | 14.0 | 43.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .