First Trust ETFs Rated 4 or 5 Stars by Morningstar

The following First Trust ETFs have received a four or five star Morningstar RatingTM based on risk adjusted returns. ETFs are rated from one to five stars, with the best performers receiving five stars and the worst performers receiving a single star. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. Morningstar Ratings are as of 5/31/2026.

Click on the fund name for additional information and quarterly standardized performance returns.

Morningstar Ratings Fund Category Number of funds
in Category
Fund Name Ticker Overall Rating 3 yr. Rating 5 yr. Rating 10 yr. Rating   3 yr. 5 yr. 10 yr.
First Trust Active Factor Mid Cap ETF AFMC 4 Stars 4 Stars 4 Stars N/A Mid-Cap Blend 362 341 N/A
First Trust Active Factor Small Cap ETF AFSM 4 Stars 4 Stars 4 Stars N/A Small Blend 583 561 N/A
First Trust Asia Pacific ex-Japan AlphaDEX® Fund FPA 4 Stars 4 Stars 5 Stars 3 Stars Pacific/Asia ex-Japan Stk 36 35 30
First Trust Bloomberg Emerging Market Democracies ETF EMDM 5 Stars 5 Stars N/A N/A Diversified Emerging Mkts 691 N/A N/A
First Trust China AlphaDEX® Fund FCA 4 Stars 4 Stars 4 Stars 4 Stars Greater China Region 70 59 36
First Trust Developed Markets ex-US AlphaDEX® Fund FDT 4 Stars 5 Stars 3 Stars 4 Stars Foreign Large Value 324 307 242
First Trust Dorsey Wright Focus 5 ETF FV 4 Stars 3 Stars 4 Stars 5 Stars Mid-Cap Blend 362 341 262
First Trust Dorsey Wright Momentum & Value ETF DVLU 4 Stars 4 Stars 4 Stars N/A Mid-Cap Value 384 363 N/A
First Trust Dow Jones Select MicroCap Index Fund FDM 4 Stars 4 Stars 4 Stars 4 Stars Small Value 461 438 364
First Trust EIP Power Solutions ETF FPWR 5 Stars 5 Stars 5 Stars N/A Utilities 53 49 N/A
First Trust Eurozone AlphaDEX® ETF FEUZ 4 Stars 4 Stars 4 Stars 3 Stars Europe Stock 63 63 48
First Trust Global Tactical Commodity Strategy Fund FTGC 4 Stars 4 Stars 4 Stars 3 Stars Commodities Broad Basket 99 93 67
First Trust Income Opportunities ETF FCEF 4 Stars 5 Stars 4 Stars N/A Global Moderately Conservative Allocation 224 218 N/A
First Trust India NIFTY 50 Equal Weight ETF NFTY 4 Stars 4 Stars 4 Stars 4 Stars India Equity 23 21 18
First Trust Indxx Aerospace & Defense ETF MISL 4 Stars 4 Stars N/A N/A Industrials 45 N/A N/A
First Trust Indxx Innovative Transaction & Process ETF LEGR 4 Stars 5 Stars 4 Stars N/A Large Value 1,053 990 N/A
First Trust Indxx NextG ETF NXTG 4 Stars 4 Stars 4 Stars 3 Stars Technology 243 215 153
First Trust Innovation Leaders ETF ILDR 4 Stars 5 Stars 3 Stars N/A Large Growth 987 939 N/A
First Trust Institutional Preferred Securities and Income ETF FPEI 4 Stars 5 Stars 4 Stars N/A Preferred Stock 66 58 N/A
First Trust International Developed Capital Strength® ETF FICS 4 Stars 3 Stars 4 Stars N/A Foreign Large Growth 352 325 N/A
First Trust International Equity Opportunities ETF FPXI 4 Stars 5 Stars 3 Stars 5 Stars Foreign Large Growth 352 325 224
First Trust Large Cap Value AlphaDEX® Fund FTA 4 Stars 3 Stars 4 Stars 4 Stars Mid-Cap Value 384 363 298
First Trust Long Duration Opportunities ETF LGOV 4 Stars 5 Stars 4 Stars N/A Long Government 52 38 N/A
First Trust Long/Short Equity ETF FTLS 4 Stars 3 Stars 4 Stars 5 Stars Long-Short Equity 81 77 56
First Trust Low Duration Opportunities ETF LMBS 5 Stars 5 Stars 5 Stars 5 Stars Short Government 71 63 55
First Trust Managed Municipal ETF FMB 4 Stars 3 Stars 3 Stars 4 Stars Muni National Interm 259 240 179
First Trust Mid Cap Growth AlphaDEX® Fund FNY 4 Stars 4 Stars 4 Stars 4 Stars Mid-Cap Growth 458 440 375
First Trust Morningstar Dividend Leaders Index Fund FDL 4 Stars 4 Stars 4 Stars 3 Stars Large Value 1,053 990 827
First Trust Multi Cap Growth AlphaDEX® Fund FAD 5 Stars 5 Stars 5 Stars 5 Stars Mid-Cap Growth 458 440 375
First Trust Multi-Manager Small Cap Opportunities ETF MMSC 4 Stars 4 Stars N/A N/A Small Growth 520 N/A N/A
First Trust Multi-Strategy Alternative ETF LALT 4 Stars 4 Stars N/A N/A Multistrategy 104 N/A N/A
First Trust Nasdaq BuyWrite Income ETF FTQI 4 Stars 4 Stars 5 Stars 3 Stars Derivative Income 85 67 40
First Trust Nasdaq Pharmaceuticals ETF FTXH 5 Stars 4 Stars 5 Stars N/A Health 164 151 N/A
First Trust Nasdaq Semiconductor ETF FTXL 5 Stars 5 Stars 5 Stars N/A Technology 243 215 N/A
First Trust NASDAQ® Clean Edge® Smart Grid Infrastructure Index Fund GRID 5 Stars 5 Stars 5 Stars 5 Stars Infrastructure 81 75 50
First Trust NYSE® Arca® Biotechnology Index Fund FBT 4 Stars 4 Stars 4 Stars 3 Stars Health 164 151 120
First Trust Preferred Securities and Income ETF FPE 4 Stars 4 Stars 3 Stars 4 Stars Preferred Stock 66 58 43
First Trust RBA American Industrial Renaissance® ETF AIRR 5 Stars 5 Stars 5 Stars 5 Stars Industrials 45 39 31
First Trust Rising Dividend Achievers ETF RDVY 4 Stars 4 Stars 3 Stars 5 Stars Large Value 1,053 990 827
First Trust RiverFront Dynamic Emerging Markets ETF RFEM 4 Stars 4 Stars 4 Stars N/A Diversified Emerging Mkts 691 625 N/A
First Trust S&P REIT Index Fund FRI 4 Stars 4 Stars 4 Stars 3 Stars Real Estate 198 190 149
First Trust Small Cap Core AlphaDEX® Fund FYX 4 Stars 4 Stars 4 Stars 4 Stars Small Blend 583 561 444
First Trust Small Cap Growth AlphaDEX® Fund FYC 5 Stars 5 Stars 5 Stars 4 Stars Small Growth 520 497 399
First Trust SMID Cap Rising Dividend Achievers ETF SDVY 4 Stars 4 Stars 4 Stars N/A Small Value 461 438 N/A
First Trust STOXX® European Select Dividend Index Fund FDD 4 Stars 5 Stars 4 Stars 3 Stars Europe Stock 63 63 48
First Trust US Equity Opportunities ETF FPX 4 Stars 5 Stars 4 Stars 4 Stars Mid-Cap Growth 458 440 375
First Trust Utilities AlphaDEX® Fund FXU 4 Stars 4 Stars 4 Stars 4 Stars Utilities 53 49 44
First Trust Water ETF FIW 4 Stars 2 Stars 3 Stars 5 Stars Natural Resources 119 107 92
First Trust WCM International Equity ETF WCMI 5 Stars 4 Stars 5 Stars N/A Foreign Large Growth 352 325 N/A
FT Energy Income Partners Strategy ETF EIPX 4 Stars 4 Stars N/A N/A Equity Energy 67 N/A N/A
FT Vest Rising Dividend Achievers Target Income ETF RDVI 4 Stars 4 Stars N/A N/A Derivative Income 85 N/A N/A

You should consider the fund's investment objectives, risks, and charges and expenses carefully before investing. You can download a prospectus or summary prospectus, or contact First Trust Portfolios L.P. at 1-800-621-1675 to request a prospectus or summary prospectus which contains this and other information about the fund. The prospectus or summary prospectus should be read carefully before investing.

The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

©2026 Morningstar, Inc. All Rights Reserved. The Morningstar RatingTM information contained herein: (1) is proprietary to Morningstar;(2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.