EDOW - ETF AI Analysis
Top Page
First Trust Dow 30 Equal Weight ETF (EDOW)
Rating:73Outperform
Price Target:―
Positive Factors
Equal-Weight Dow 30 Approach
The fund spreads its investments fairly evenly across all Dow 30 stocks, so it is not dominated by just a few mega-cap names.
Broad Sector Diversification
Holdings are spread across technology, financials, industrials, health care, consumer sectors, and more, which helps reduce the impact of weakness in any single industry.
Several Strong Top Holdings
Key positions such as Caterpillar, Cisco, Walmart, Amazon, Nvidia, Goldman Sachs, and UnitedHealth have shown strong or steady performance so far this year, supporting the ETF’s overall results.
Negative Factors
Higher-Than-Average Expense Ratio
The fund’s expense ratio is on the higher side for a large-cap U.S. equity ETF, which slightly reduces the net return investors keep over time.
Underperforming Large Positions
Some major holdings like Microsoft, American Express, and JPMorgan have shown weak or negative performance this year, which can drag on the fund’s returns.
Heavy U.S.-Only Exposure
With almost all assets invested in U.S. companies, the ETF offers little geographic diversification and is highly tied to the U.S. market’s fortunes.
EDOW vs. SPDR S&P 500 ETF (SPY)
AUM312.61M
RegionNorth America
Expense Ratio0.50%
Beta0.79
IssuerFirst Trust
Inception DateAug 08, 2017
Dividend Yield1.25%
Asset ClassEquity
Index TrackedDow Jones Industrial Average Equal Weight Index (USD)
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume12,677
30 Day Avg. Volume15,126
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
52.81Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering30
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
EDOW Summary
The First Trust Dow 30 Equal Weight ETF (EDOW) tracks the Dow Jones Industrial Average Equal Weight Index, which includes 30 of the biggest and most established U.S. companies, but gives each stock the same importance. Instead of being dominated by a few high-priced names, it spreads your money more evenly across well-known companies like Microsoft, Amazon, and Walmart. Investors might consider EDOW for simple, broad diversification across major U.S. blue-chip stocks in one fund. However, its value can go up and down with the overall stock market, so it is not risk-free.
How much will it cost me?The First Trust Dow 30 Equal Weight ETF (EDOW) has an expense ratio of 0.50%, which means you’ll pay $5 per year for every $1,000 invested. This is higher than average for ETFs because it uses an actively managed strategy to equally weight the Dow 30 stocks, requiring more oversight compared to passively managed funds. It offers a unique approach to diversification, but the higher cost reflects the added management involved.
What would affect this ETF?The First Trust Dow 30 Equal Weight ETF (EDOW) could benefit from positive trends in technology and healthcare sectors, which make up a significant portion of its holdings, especially as innovation and demand in these areas continue to grow. However, economic challenges such as rising interest rates or a slowdown in consumer spending could negatively impact financial and consumer-focused companies within the ETF. Additionally, regulatory changes or geopolitical tensions affecting U.S.-based large-cap companies may influence overall performance.
EDOW Top 10 Holdings
EDOW’s story is all about steady U.S. blue chips sharing the spotlight instead of one giant star. Financial heavyweights like Goldman Sachs and JPMorgan are doing much of the heavy lifting, with rising share prices giving the fund a solid backbone. Industrials such as Caterpillar and 3M are also pulling their weight, helped by improving sentiment around manufacturing. On the flip side, American Express and Home Depot have been more mixed, occasionally losing steam and acting as a mild drag. Overall, the ETF stays broadly diversified across sectors, with no single name dominating performance, and its exposure is firmly rooted in the U.S. market.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Sherwin-Williams Company | 3.66% | $11.45M | $86.93B | 0.90% | 66 Neutral | |
| American Express | 3.62% | $11.32M | $240.15B | 10.28% | 80 Outperform | |
| Caterpillar | 3.61% | $11.29M | $443.84B | 138.43% | 76 Outperform | |
| Boeing | 3.58% | $11.18M | $178.54B | 6.02% | 54 Neutral | |
| Travelers Companies | 3.57% | $11.14M | $72.79B | 32.29% | 78 Outperform | |
| Visa | 3.53% | $11.02M | $682.30B | -0.66% | 70 Outperform | |
| Honeywell International | 3.52% | $11.00M | $72.83B | -53.08% | 77 Outperform | |
| International Business Machines | 3.51% | $10.96M | $272.12B | 5.41% | 79 Outperform | |
| Home Depot | 3.51% | $10.96M | $356.87B | -6.06% | 66 Neutral | |
| JPMorgan Chase | 3.48% | $10.89M | $896.22B | 19.96% | 72 Outperform |
EDOW Technical Analysis
Positive
―
Price Trends
43.38
Positive
42.50
Positive
41.62
Positive
Market Momentum
0.40
Negative
60.05
Neutral
76.70
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For EDOW, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 44.00, equal to the 50-day MA of 43.38, and equal to the 200-day MA of 41.62, indicating a bullish trend. The MACD of 0.40 indicates Negative momentum. The RSI at 60.05 is Neutral, neither overbought nor oversold. The STOCH value of 76.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EDOW.
EDOW Peer Comparison
Comparison Results
Performance Comparison
EDOW
First Trust Dow 30 Equal Weight ETF
44.58
6.26
16.34%
SPHB
Invesco S&P 500 High Beta ETF
―
―
―
QLC
FlexShares US Quality Large Cap Index Fund
―
―
―
DSPY
Tema S&P 500 Historical Weight ETF Strategy
―
―
―
FTQI
First Trust Hedged BuyWrite Income ETF
―
―
―
OMAH
VistaShares Target 15 Berkshire Select Income ETF
―
―
―
Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
Table of Contents