EDOW
First Trust Dow 30 Equal Weight ETF
The First Trust Dow 30 Equal Weight ETF tracks an equal-weighted index of companies included in the Dow Jones Industrial Average.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
227.7 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 09, 2017 |
| Assets (mns) | $228 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SALESFORCE.COM INC | 4.1 % |
| NVIDIA CORP | 4.1 % |
| WALT DISNEY CO/THE | 4.0 % |
| GOLDMAN SACHS GROUP INC | 3.9 % |
| JPMORGAN CHASE & CO | 3.8 % |
| CISCO SYSTEMS INC | 3.7 % |
| CHEVRON CORP | 3.6 % |
| HONEYWELL INTERNATIONAL INC | 3.6 % |
| CATERPILLAR INC | 3.5 % |
| AMERICAN EXPRESS CO | 3.5 % |
Constituent Breakdown
| Number of holdings | 31 |
| Herfindahl-Hirschman Index | 336 |
| Wgt avg mkt cap (mns) | $545,756 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 9.1% | 24.7% | 14.0% | 6.1% | 9.5% | -- | 10.5% | Volatility | 10.6% | 10.5% | 11.9% | 14.5% | 20.1% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.86 | 82% |
| MSCI EAFE | 0.83 | 78% |
| MSCI Emg Mkts | 0.58 | 38% |
Liquidity Measures
| Avg. volume (000) | 18 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.30% |
| ADV of underlying (mns) | $64,013 |
Technical Indicators
| Recent close | $37.04 |
| 30d moving avg. | $35.91 |
| Annualized volatility | 16.6% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 1.2% |
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. EDOW |
Expenses vs. EDOW |
ALTAR Score™ vs. EDOW |
|---|---|---|---|---|
| DIA | SPDR Dow Jones Industrial Average ETF Trust | 76.4% | -34 bp | -0.1% |
| DJD | Invesco Dow Jones Industrial Average Dividend ETF | 71.5% | -43 bp | +2.2% |
| BBLU | EA Bridgeway Blue Chip ETF EA Bridgeway Blue Chip ETF | 48.8% | -35 bp | +0.3% |
| USMC | Principal U.S. Mega-Cap ETF | 38.8% | -38 bp | -1.0% |
| RFFC | ALPS Active Equity Opportunity ETF | 34.8% | -2 bp | -1.0% |
| OUSA | ALPS O'Shares U.S. Quality Dividend ETF | 34.4% | -2 bp | +0.5% |
| VIG | Vanguard Dividend Appreciation ETF | 34.3% | -44 bp | +0.2% |
| DLN | WisdomTree U.S. LargeCap Dividend Fund | 34.3% | -22 bp | +0.3% |
| DGRO | iShares Core Dividend Growth ETF | 34.2% | -42 bp | +0.9% |
| MBCC | Monarch Blue Chips Core ETF | 33.8% | +75 bp | -2.0% |
Risk and Returns: EDOW 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 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
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
EDOW
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 Rating
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™
EDOW
5.4%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. EDOW's ALTAR Score™ is approximately
0.0 standard deviations
above
the category average. This places EDOW in the 51st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EDOWSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| EDOW (50 bp) Percentile rank | 55 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EDOW | 50.0 | 29.7 | 79.7 |
| Peer Avg. | 46.6 | 16.9 | 63.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .