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 9/30/2026.

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 Emerging Markets ETF AFEM 4 Stars 4 Stars 5 Stars 4 Stars US Fund Diversified Emerging Mkts 689 629 467
First Trust Active Factor Mid Cap ETF AFMC 4 Stars 4 Stars 4 Stars N/A US Fund Mid-Cap Blend 366 349 277
First Trust Active Factor Small Cap ETF AFSM 4 Stars 4 Stars 4 Stars N/A US Fund Small Blend 582 559 456
First Trust Bloomberg Emerging Market Democracies ETF EMDM 5 Stars 5 Stars N/A N/A US Fund Diversified Emerging Mkts 689 629 467
First Trust China AlphaDEX® Fund FCA 4 Stars 4 Stars 4 Stars 4 Stars US Fund Greater China Region 70 64 37
First Trust Dorsey Wright Focus 5 ETF FV 5 Stars 4 Stars 4 Stars 5 Stars US Fund Mid-Cap Blend 366 349 277
First Trust Dorsey Wright Momentum & Value ETF DVLU 4 Stars 4 Stars 4 Stars N/A US Fund Mid-Cap Value 378 353 296
First Trust Dow Jones Select MicroCap Index Fund FDM 4 Stars 4 Stars 4 Stars 4 Stars US Fund Small Value 455 437 369
First Trust EIP Power Solutions ETF FPWR 5 Stars 5 Stars 5 Stars N/A US Fund Utilities 53 49 44
First Trust Global Tactical Commodity Strategy Fund FTGC 4 Stars 4 Stars 4 Stars 4 Stars US Fund Commodities Broad Basket 101 93 68
First Trust Income Opportunities ETF FCEF 4 Stars 5 Stars 4 Stars 4 Stars US Fund Global Moderately Conservative Allocation 217 211 173
First Trust India NIFTY 50 Equal Weight ETF NFTY 4 Stars 3 Stars 4 Stars 4 Stars US Fund India Equity 25 21 18
First Trust Indxx Aerospace & Defense ETF MISL 4 Stars 4 Stars N/A N/A US Fund Industrials 46 40 32
First Trust Indxx Innovative Transaction & Process ETF LEGR 4 Stars 5 Stars 3 Stars N/A US Fund Large Value 1,055 994 842
First Trust Indxx NextG ETF NXTG 4 Stars 4 Stars 4 Stars 3 Stars US Fund Technology 244 222 157
First Trust Innovation Leaders ETF ILDR 4 Stars 5 Stars 3 Stars N/A US Fund Large Growth 965 914 744
First Trust Institutional Preferred Securities and Income ETF FPEI 4 Stars 4 Stars 4 Stars N/A US Fund Preferred Stock 63 59 44
First Trust Large Cap Value AlphaDEX® Fund FTA 4 Stars 3 Stars 4 Stars 4 Stars US Fund Mid-Cap Value 378 353 296
First Trust Long Duration Opportunities ETF LGOV 4 Stars 5 Stars 4 Stars N/A US Fund Long Government 55 40 31
First Trust Long/Short Equity ETF FTLS 4 Stars 4 Stars 4 Stars 4 Stars US Fund Long-Short Equity 82 77 57
First Trust Low Duration Opportunities ETF LMBS 5 Stars 5 Stars 5 Stars 5 Stars US Fund Short Government 70 62 54
First Trust Mid Cap Growth AlphaDEX® Fund FNY 4 Stars 4 Stars 4 Stars 4 Stars US Fund Mid-Cap Growth 442 425 363
First Trust Multi Cap Growth AlphaDEX® Fund FAD 5 Stars 5 Stars 5 Stars 5 Stars US Fund Mid-Cap Growth 442 425 363
First Trust Multi-Manager Small Cap Opportunities ETF MMSC 4 Stars 4 Stars N/A N/A US Fund Small Growth 519 497 406
First Trust Multi-Strategy Alternative ETF LALT 4 Stars 4 Stars N/A N/A US Fund Multistrategy 106 99 66
First Trust Nasdaq BuyWrite Income ETF FTQI 4 Stars 4 Stars 5 Stars 3 Stars US Fund Derivative Income 100 69 40
First Trust Nasdaq Pharmaceuticals ETF FTXH 4 Stars 4 Stars 5 Stars 3 Stars US Fund Health 160 153 121
First Trust Nasdaq Semiconductor ETF FTXL 4 Stars 4 Stars 5 Stars 4 Stars US Fund Technology 244 222 157
First Trust NASDAQ® Clean Edge® Smart Grid Infrastructure Index Fund GRID 5 Stars 5 Stars 5 Stars 5 Stars US Fund Infrastructure 81 75 57
First Trust New York Municipal High Income ETF FMNY 4 Stars 3 Stars 4 Stars N/A US Fund Muni New York Long 76 76 59
First Trust NYSE® Arca® Biotechnology Index Fund FBT 4 Stars 4 Stars 4 Stars 3 Stars US Fund Health 160 153 121
First Trust Preferred Securities and Income ETF FPE 4 Stars 4 Stars 3 Stars 4 Stars US Fund Preferred Stock 63 59 44
First Trust RBA American Industrial Renaissance® ETF AIRR 5 Stars 4 Stars 4 Stars 5 Stars US Fund Industrials 46 40 32
First Trust Rising Dividend Achievers ETF RDVY 4 Stars 4 Stars 3 Stars 5 Stars US Fund Large Value 1,055 994 842
First Trust S&P REIT Index Fund FRI 4 Stars 4 Stars 4 Stars 3 Stars US Fund Real Estate 197 191 149
First Trust Small Cap Core AlphaDEX® Fund FYX 4 Stars 5 Stars 4 Stars 4 Stars US Fund Small Blend 582 559 456
First Trust Small Cap Growth AlphaDEX® Fund FYC 5 Stars 5 Stars 5 Stars 4 Stars US Fund Small Growth 519 497 406
First Trust SMID Cap Rising Dividend Achievers ETF SDVY 4 Stars 3 Stars 4 Stars N/A US Fund Small Value 455 437 369
First Trust STOXX® European Select Dividend Index Fund FDD 4 Stars 5 Stars 4 Stars 3 Stars US Fund Europe Stock 61 61 46
First Trust Ultra Short Duration Municipal ETF FUMB 4 Stars 3 Stars 4 Stars N/A US Fund Muni National Short 205 191 150
First Trust US Equity Opportunities ETF FPX 4 Stars 5 Stars 4 Stars 4 Stars US Fund Mid-Cap Growth 442 425 363
First Trust Utilities AlphaDEX® Fund FXU 4 Stars 5 Stars 4 Stars 4 Stars US Fund Utilities 53 49 44
First Trust WCM International Equity ETF WCMI 5 Stars 4 Stars 5 Stars N/A US Fund Foreign Large Growth 353 333 222
FT Energy Income Partners Strategy ETF EIPX 4 Stars 4 Stars N/A N/A US Fund Equity Energy 62 57 55
FT Vest Rising Dividend Achievers Target Income ETF RDVI 4 Stars 4 Stars N/A N/A US Fund Derivative Income 100 69 40
FT Vest Technology Dividend Target Income ETF TDVI 5 Stars 5 Stars N/A N/A US Fund Derivative Income 100 69 40

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.