Summary
First Trust Innovation Leaders ETF is an ETF - a fund traded on an exchange like a stock - run by First Trust. Positions inside: 82. The ten largest make up 44% of the fund.
- Yearly costs
- 0.75%
- Fund size
- $335.3M
- Positions
- 82
- Dividends
- Reinvested
- Running since
- 2021
What speaks for it
- Average yearly growth over the last five years: 8.9%.
What to watch
- 53% of the fund is in one sector (Technology).
- 87% of the fund is in one country (United States).
- High costs: 0.75% a year.
- In the last five years its price once dropped by 45% from its high.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -11%
- 3 months
- -7.2%
- This year
- +8.8%
- 1 year
- +7.1%
- 3 years
- +108%
- 5 years
- +53%
- Avg. market cap
- $1.36T
- P/E
- 30.2x
- Forward P/E
- 26.3x
- P/S
- 6.6x
- P/B
- 7.9x
- P/FCF
- 37.5x
- EV/EBITDA
- 21.2x
- Dividend yield
- 0.33%
- ROIC
- 17.9%
- ROE
- 36.3%
- Gross margin
- 61.9%
- Operating margin
- 26.0%
- Net margin
- 24.8%
- Payout ratio
- 10.1%
- Net debt/EBITDA
- 0.5x
- Beta
- 1.55
Weighted average of the 50 largest companies, which make up 87% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Moderately concentrated- 1 NVNvidia NVDA 9.8%
- 2 AMAmazon AMZN 5.9%
- 3 AMAMD AMD 5.7%
- 4 GOAlphabet GOOGL 4.2%
- 5 LLEli Lilly LLY 4.0%
- 6 AVBroadcom AVGO 3.5%
- 7 MSMicrosoft MSFT 3.1%
- 8 MRMarvell MRVL 2.7%
- 9 MUMicron MU 2.6%
- 10 OROracle ORCL 2.6%
Positions in the fund: 82. The ten largest make up 44% of it.
Composition as of Oct 31, 2026.
Where is it spread?
One sector dominatesBy sector
- Technology 53%
- Healthcare 13%
- Industrials 11%
- Consumer cyclical 8.6%
- Communication services 7.4%
- Other 6.3%
By country
- United States 87%
- Canada 2.8%
- Ireland 2.6%
- Germany 2.2%
- Other countries 5.5%
By company size
- Mega cap 55%
- Large cap 33%
- Mid cap 11%
- Small cap 0.3%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Technology (53%). Largest country: United States (87%). Largest size group: Mega cap (55%).
What does it cost me?
Expensive- Yearly costs
- 0.75%
- A year from $10,000
- $75.00
- Over 20 years
- $3,544
From every $10,000 invested the fund takes $75.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,544.
How has it done?
Growing over the long run- A year on average, 5 years
- +8.9%
- Deepest drop
- -45%
- Yearly volatility
- 26%
Average yearly growth over the last five years: 8.9%. Deepest drop in these years: 45% below the earlier high.
Does it pay dividends?
No, it reinvestsThe fund pays nothing out. What its holdings earn stays inside and shows in the price.
Is it easy to buy and sell?
Yes- Traded a day
- $1.92M
- Shares a day
- 54K
On an average day about $1.92M of the fund changes hands.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 30.2
- Average Bulios Score
- 67 out of 100
Weight by Bulios Fair Price
- Undervalued 8.4%
- Fairly valued 2.6%
- Overvalued 89%
On average the companies inside trade for 30.2 times their yearly profit. By Fair Price, 89% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 87% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
PC PCLC Polen 5Perspectives Large Growth ETF | United States | 0.50% | $1.38M | - | - | 48% |
WI WINN Harbor Long-Term Growers ETF (WINN) | United States | 0.57% | $1.19B | +3.3% | Reinvests | 46% |
QG QGRW WisdomTree U.S. Quality Growth Fund | United States | 0.28% | $2.16B | +9.1% | Pays out | 46% |
TE TEC Harbor Transformative Technologies ETF (TEC) | United States | 0.69% | $6.33M | +9.0% | - | 46% |
HE HEMI Hartford Equity Premium Income ETF | United States | 0.58% | $36.6M | - | Pays out | 45% |
SC SCHG Schwab U.S. Large-Cap Growth ETF | United States | 0.04% | $61.7B | +4.2% | Pays out | 44% |