First Trust Bloomberg Emerging Market Democracies ETF
ALTAR
Score™		 6.3% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 17.4x P/Sales
ratio		 2.5x
P/BV
ratio		 2.2x Div.
yield		 1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
EMDM follows a principles-based index of large- and mid-cap companies located in emerging market countries considered to have electoral democracy. Holdings are weighted based on a combination of governance score and market capitalization.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor First Trust
Website www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=EMDM
Inception date Mar 02, 2023
Assets (mns) $39
Currency USD
Expense ratio 75 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Principles-based
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 106
Wgt avg mkt cap (mns) $235,418
Large cap (>$10bn) 94.6%
Mid cap ($2-10bn) 2.1%
Small cap (<$2bn) 0.1%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 12.0 %
SAMSUNG ELECTRONICS CO LTD 10.3 %
HYNIX SEMICONDUCTOR INC 6.5 %
GRUPO MEXICO S.A.B. DE C.V. CLASS 4.1 %
PETROBRAS - PETROLEO BRAS-PR 2.4 %
OTP BANK PLC 2.2 %
ANGLOGOLD ASHANTI LTD 2.0 %
NASPERS LTD-N SHS 1.9 %
AMERICA MOVIL, S.A.B. DE C.V. (CLA 1.9 %
PKO BANK POLSKI SA 1.9 %
Total 45.1 %

TOP COUNTRY EXPOSURE
SOUTH KOREA 20.9 %
TAIWAN 17.8 %
INDIA 12.8 %
BRAZIL 12.0 %
SOUTH AFRICA 12.0 %
MEXICO 8.9 %
POLAND 4.8 %
HUNGARY 2.3 %
CHILE 1.3 %
PERU 1.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
27.9% 65.9% -- -- 26.3%

Market Correlations
versus... Beta R-squared
S&P500 1.60 55%
MSCI EAFE 1.48 70%
MSCI Emg. Mkts. 1.10 92%

Technical Indicators
Recent close $41.03
30d moving avg. $41.28
Annualized volatility 16.3%
Short interest (ETF) 5.2%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 18
Turnover 1.9%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $4,190

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 417 potential alternatives to the First Trust Bloomberg Emerging Market Democracies ETF ETF based on the alternatives' overlap in portfolio holdings with EMDM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EMDM Expense: 75 bp ALTAR Score™: 6.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EMDM
Ticker Fund
Name		 Overlap1
vs EMDM
(%)		 Expense
ratio
(bp)		 Savings
vs EMDM
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EMDM
(%)
FTHF First Trust Emerging Markets Human Flourishing ETF 52.1 75 0 5.8 -0.6
EMXC iShares MSCI Emerging Markets ex China ETF 50.7 25 50 5.1 -1.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 48.1 24 51 5.2 -1.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 44.8 30 45 7.9 +1.6
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 44.7 69 6 7.6 +1.2
EEM iShares MSCI Emerging Markets ETF 44.6 69 6 7.8 +1.5
XCEM Columbia EM Core ex-China ETF 43.7 16 59 5.0 -1.4
JADE JPMorgan Active Developing Markets Equity ETF 43.6 65 10 5.9 -0.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 42.1 15 60 8.0 +1.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 41.8 66 9 7.3 +1.0
IEMG iShares Core MSCI Emerging Markets ETF 41.4 9 66 8.2 +1.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 41.3 70 5 6.9 +0.6
BKEM BNY Mellon Emerging Markets Equity ETF 41.1 11 64 24.0 +17.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 41.0 32 43 4.7 -1.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 41.0 36 39 7.5 +1.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 40.9 32 43 7.5 +1.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 40.4 33 42 6.7 +0.4
ESGE iShares ESG Aware MSCI EM ETF 40.2 25 50 8.2 +1.9
EMGF iShares Emerging Markets Equity Factor ETF 38.5 25 50 8.9 +2.6
FLAX Franklin FTSE Asia Ex Japan ETF 38.3 19 56 7.1 +0.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 37.7 45 30 8.0 +1.7
JIVE JPMorgan International Value ETF 36.6 55 20 7.9 +1.6
EEMA iShares MSCI Emerging Markets Asia ETF 36.3 49 26 7.5 +1.1
DFAE Dimensional Emerging Core Equity Market ETF 36.1 35 40 7.0 +0.6
ECON Columbia Emerging Markets Consumer ETF 35.2 49 26 6.6 +0.2
EEMO Invesco S&P Emerging Markets Momentum ETF 35.2 29 46 6.8 +0.4
FDEM Fidelity Emerging Markets Multifactor ETF 34.9 25 50 10.4 +4.0
VEXC Vanguard Emerging Markets Ex-China ETF 34.9 7 68 5.6 -0.7
JHEM John Hancock Multifactor Emerging Markets ETF 34.8 49 26 7.5 +1.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 33.6 15 60 8.8 +2.5
XCNY SPDR S&P Emerging Markets ex-China ETF 33.1 15 60 5.6 -0.7
AIA iShares Asia 50 ETF 32.8 50 25 7.6 +1.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 32.6 53 22 5.1 -1.2
EMM Global X Emerging Markets ex-China ETF 32.0 75 0 4.7 -1.6
FRDM Freedom 100 Emerging Markets ETF 31.9 49 26 5.4 -0.9
EMMF WisdomTree Emerging Markets Multifactor Fund 31.9 48 27 8.6 +2.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 31.0 40 35 6.2 -0.2
MEM Matthews Emerging Markets Equity Active ETF 30.7 79 -4 8.4 +2.1
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 30.0 88 -13 8.4 +2.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 29.8 38 37 7.0 +0.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 29.8 59 16 8.5 +2.2
VWO Vanguard FTSE Emerging Markets ETF 28.9 7 68 9.0 +2.7
SCHE Schwab Emerging Markets Equity ETF 28.7 11 64 9.3 +2.9
LDEM iShares ESG MSCI EM Leaders ETF 28.5 17 58 12.5 +6.2
PXH Invesco FTSE RAFI Emerging Markets ETF 27.8 49 26 13.1 +6.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 27.6 39 36 13.3 +7.0
NUEM Nuveen ESG Emerging Markets Equity ETF 26.7 36 39 5.9 -0.4
EMXF iShares ESG Advanced MSCI EM ETF 26.2 16 59 6.6 +0.2
SPEM SPDR Portfolio Emerging Markets ETF 26.1 7 68 9.4 +3.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 25.9 30 45 7.5 +1.1
PATN Pacer Nasdaq International Patent Leaders ETF 25.6 65 10 4.0 -2.3
DEHP Dimensional Emerging Markets High Profitability ETF 25.1 41 34 4.8 -1.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 24.3 41 34 6.9 +0.5
XC WisdomTree Emerging Markets Ex-China Fund 24.1 32 43 6.3 -0.0
EMC Global X Emerging Markets Great Consumer ETF 24.0 75 0 7.1 +0.7
KNCT Invesco Next Gen Connectivity ETF 22.0 40 35 2.9 -3.4
FLLA Franklin FTSE Latin America ETF 22.0 19 56 10.6 +4.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 21.8 95 -20 9.7 +3.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 21.5 50 25 8.2 +1.9
AVEM Avantis Emerging Markets Equity ETF 21.4 33 42 7.0 +0.7
FLKR Franklin FTSE South Korea ETF 20.9 9 66 4.3 -2.0
EWY iShares MSCI South Korea ETF 20.9 58 17 3.4 -2.9
DFEV Dimensional Emerging Markets Value ETF 19.7 43 32 9.4 +3.1
FLN First Trust Latin America AlphaDEX Fund 19.1 80 -5 9.9 +3.6
RNEM First Trust Emerging Markets Equity Select ETF 18.9 75 0 7.7 +1.4
AVSE Avantis Responsible Emerging Markets Equity ETF 18.4 33 42 6.6 +0.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 18.1 33 42 6.1 -0.2
EWT iShares MSCI Taiwan ETF 18.0 58 17 2.9 -3.4
FLTW Franklin FTSE Taiwan ETF 18.0 19 56 3.3 -3.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 17.4 44 31 9.3 +2.9
BKF iShares MSCI BIC ETF 17.4 69 6 14.4 +8.0
ROAM Hartford Multifactor Emerging Markets ETF 16.9 44 31 7.5 +1.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 16.7 25 50 6.0 -0.3
VSGX Vanguard ESG International Stock ETF 16.6 10 65 6.4 +0.1
MINV Matthews Asia Innovators Active ETF 16.6 79 -4 5.5 -0.8
CGXU Capital Group International Focus Equity ETF 16.4 54 21 3.7 -2.6
GMF SPDR S&P Emerging Asia Pacific ETF 16.4 49 26 8.5 +2.2
ACWX iShares MSCI ACWI ex U.S. ETF 16.0 34 41 6.2 -0.1
JIG JPMorgan International Growth ETF 15.8 55 20 3.6 -2.7
FRGN Horizon International Equity ETF 15.6 75 0 7.7 +1.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 15.5 18 57 6.2 -0.2
VPL Vanguard FTSE Pacific ETF 15.4 7 68 5.1 -1.2
ILF iShares Latin America 40 ETF 15.0 48 27 9.5 +3.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 14.8 41 34 5.8 -0.5
VEU Vanguard FTSE All-World ex-US Index Fund 14.5 4 71 6.5 +0.2
UMMA Wahed Dow Jones Islamic World ETF 14.2 65 10 3.5 -2.8
IXUS iShares Core MSCI Total International Stock ETF 13.9 7 68 6.4 +0.1
VXUS Vanguard Total International Stock ETF 13.7 5 70 6.5 +0.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 13.5 35 40 9.9 +3.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 13.5 42 33 4.0 -2.4
DOL WisdomTree International LargeCap Dividend Fund 13.0 48 27 5.4 -0.9
DEM WisdomTree Emerging Markets High Dividend Fund 12.8 63 12 10.2 +3.8
NFTY First Trust India NIFTY 50 Equal Weight ETF 12.7 80 -5 4.8 -1.6
IXN iShares Global Tech ETF 12.7 41 34 2.6 -3.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 12.5 47 28 7.0 +0.7
INDY iShares India 50 ETF 12.3 89 -14 5.1 -1.2
INDA iShares MSCI India ETF 12.3 65 10 4.4 -1.9
IQDF FlexShares International Quality Dividend Index Fund 11.9 47 28 7.3 +1.0
AIQ Global X Artificial Intelligence & Technology ETF 11.5 68 7 2.7 -3.6
FLBR Franklin FTSE Brazil ETF 11.3 19 56 11.9 +5.5
FLIN Franklin FTSE India ETF 10.9 19 56 4.0 -2.3
OAIM OneAscent International Equity ETF 10.7 95 -20 4.5 -1.9
EWZ iShares MSCI Brazil ETF 10.7 58 17 10.6 +4.3
IMFL Invesco International Developed Dynamic Multifactor ETF 10.3 34 41 5.1 -1.3
EPI WisdomTree India Earnings Fund 10.3 85 -10 5.0 -1.3
DVYE iShares Emerging Markets Dividend ETF 10.3 49 26 17.6 +11.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 10.1 90 -15 3.6 -2.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 9.8 45 30 6.6 +0.2
AIS VistaShares Artificial Intelligence Supercycle ETF 9.8 75 0 1.0 -5.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 9.4 45 30 9.4 +3.1
CHAT Roundhill Generative AI & Technology ETF 9.2 75 0 4.1 -2.2
FLMX Franklin FTSE Mexico ETF 9.0 19 56 8.7 +2.4
EWW iShares MSCI Mexico ETF 9.0 50 25 8.3 +1.9
BAI iShares AI Innovation and Tech Active ETF 8.9 55 20 1.0 -5.4
PIEL Pacer International Export Leaders ETF 8.7 60 15 4.0 -2.4
AFK VanEck Africa Index ETF 8.5 98 -23 11.2 +4.9
HFXI IQ FTSE International Equity Currency Neutral ETF 8.5 20 55 5.5 -0.9
ARTY iShares Future AI & Tech ETF 8.4 47 28 2.4 -4.0
AIVC Amplify Bloomberg AI Value Chain ETF 8.2 59 16 3.4 -2.9
FEM First Trust Emerging Markets AlphaDEX Fund 8.2 80 -5 8.8 +2.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 8.1 30 45 6.3 -0.0
EZA iShares MSCI South Africa ETF 8.0 58 17 9.2 +2.9
DINT Davis Select International ETF 8.0 55 20 5.8 -0.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 8.0 70 5 9.2 +2.9
WTAI WisdomTree Artificial Intelligence and Innovation Fund 7.8 45 30 1.9 -4.4
EYLD Cambria Emerging Shareholder Yield ETF 7.7 66 9 9.0 +2.7
CWI SPDR MSCI ACWI ex-US ETF 7.6 30 45 6.3 -0.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 7.6 80 -5 7.5 +1.2
VYMI Vanguard International High Dividend Yield ETF 7.3 17 58 7.7 +1.3
AQLT iShares MSCI Global Quality Factor ETF 7.2 18 57 0.0 -6.3
WRND IQ Global Equity R&D Leaders ETF 7.1 18 57 3.9 -2.4
PICK iShares MSCI Global Metals & Mining Producers ETF 7.1 39 36 8.1 +1.7
AGIX KraneShares Artificial Intelligence and Technology ETF 7.0 99 -24 1.1 -5.2
IGPT Invesco AI and Next Gen Software ETF 6.8 60 15 2.4 -4.0
KLMT Invesco MSCI Global Climate 500 ETF 6.7 10 65 4.8 -1.5
SCHF Schwab International Equity ETF 6.6 6 69 5.8 -0.6
FBOT Fidelity Disruptive Automation ETF 6.6 50 25 2.8 -3.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 6.6 29 46 8.7 +2.4
AVES Avantis Emerging Markets Value ETF 6.6 36 39 9.0 +2.7
GMET VanEck Green Metals ETF 6.5 63 12 1.2 -5.1
CGGO Capital Group Global Growth Equity ETF 6.5 47 28 3.9 -2.4
DTCR Global X Data Center & Digital Infrastructure ETF 6.3 50 25 3.4 -2.9
FNDF Schwab Fundamental International Large Co. Index ETF 6.2 25 50 7.2 +0.8
VEA Vanguard FTSE Developed Markets ETF 6.1 3 72 5.8 -0.6
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 6.1 60 15 8.7 +2.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 6.0 20 55 4.6 -1.7
DWLD Davis Select Worldwide ETF 5.9 63 12 6.5 +0.2
CHPX Global X AI Semiconductor & Quantum ETF 5.9 50 25 1.6 -4.7
ACWI iShares MSCI ACWI ETF 5.9 32 43 4.5 -1.8
NDIA Global X India Active ETF 5.8 75 0 4.9 -1.4
FEOE First Eagle Overseas Equity ETF 5.6 79 -4 5.9 -0.5
CARZ First Trust NASDAQ Global Auto Index Fund 5.5 70 5 2.4 -4.0
IDHQ Invesco S&P International Developed High Quality ETF 5.4 29 46 4.9 -1.5
CLNR IQ Cleaner Transport ETF 5.4 45 30 4.0 -2.4
NXTG First Trust Indxx NextG ETF 5.3 70 5 3.5 -2.8
WWJD Inspire International ETF 5.3 80 -5 6.1 -0.2
IGRO iShares International Dividend Growth ETF 5.2 15 60 6.5 +0.1
VT Vanguard Total World Stock ETF 5.2 6 69 4.9 -1.5
GVAL Cambria Global Value ETF 5.2 68 7 8.3 +2.0
ICOP iShares Copper and Metals Mining ETF 5.1 47 28 5.5 -0.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 5.1 75 0 1.8 -4.5
FMET Fidelity Metaverse ETF 5.0 39 36 4.2 -2.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 4.9 80 -5 6.9 +0.6
EPOL iShares MSCI Poland ETF 4.7 59 16 8.1 +1.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.7 12 63 4.3 -2.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 4.7 46 29 7.9 +1.5
GLOF iShares Global Equity Factor ETF 4.5 20 55 5.4 -0.9
ACWV iShares MSCI Global Min Vol Factor ETF 4.4 20 55 5.6 -0.7
FEGE First Eagle Global Equity ETF 4.3 79 -4 5.8 -0.5
VIDI Vident International Equity Strategy ETF 4.3 61 14 8.2 +1.9
SDEM Global X MSCI SuperDividend Emerging Markets ETF 4.2 67 8 12.2 +5.9
EDIV SPDR S&P Emerging Markets Dividend ETF 4.2 49 26 8.8 +2.5
TINY ProShares Nanotechnology ETF 4.1 58 17 1.3 -5.0
AGQI First Trust Active Global Quality Income ETF 4.0 85 -10 6.1 -0.2
ABLG Abacus FCF International Leaders ETF 4.0 59 16 6.5 +0.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.0 60 15 10.5 +4.2
UIVM VictoryShares International Value Momentum ETF 3.7 35 40 7.7 +1.4
EPU iShares MSCI Peru and Global Exposure ETF 3.7 59 16 4.3 -2.0
JSTC Adasina Social Justice All Cap Global ETF 3.6 89 -14 4.2 -2.2
RGEF Rockefeller Global Equity ETF 3.6 55 20 3.7 -2.6
CIL VictoryShares International Volatility Wtd ETF 3.4 45 30 5.9 -0.5
OTGL OTG Latin America ETF 3.4 269 -194 7.6 +1.3
SPDW SPDR Portfolio Developed World ex-US ETF 3.4 3 72 5.7 -0.6
XT iShares Exponential Technologies ETF 3.4 46 29 3.9 -2.5
BATT Amplify Lithium & Battery Technology ETF 3.2 59 16 2.0 -4.3
JPIN J.P. Morgan Diversified Return International Equity ETF 3.1 37 38 6.9 +0.6
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.0 65 10 7.1 +0.7
BLES Inspire Global Hope ETF 3.0 61 14 5.5 -0.8
IDOG ALPS International Sector Dividend Dogs ETF 2.9 50 25 9.0 +2.7
PIN Invesco India ETF 2.8 78 -3 5.4 -1.0
GKAT Scharf Global Opportunity ETF 2.7 57 18 5.7 -0.6
DSTX Distillate International Fundamental Stability & Value ETF 2.7 55 20 6.3 -0.0
MOTG VanEck Morningstar Global Wide Moat ETF 2.5 52 23 7.5 +1.2
TPIF Timothy Plan International ETF 2.4 62 13 5.4 -0.9
IQM Franklin Intelligent Machines ETF 2.4 50 25 1.2 -5.2
ANEW ProShares MSCI Transformational Changes ETF 2.4 45 30 4.2 -2.1
MXI iShares Global Materials ETF 2.3 41 34 6.0 -0.3
VIGI Vanguard International Dividend Appreciation ETF 2.3 10 65 5.8 -0.5
IPAV Global X Infrastructure Development ex-U.S. ETF 2.3 55 20 5.8 -0.5
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 2.3 80 -5 3.7 -2.7
MOTI VanEck Morningstar International Moat ETF 2.2 58 17 9.6 +3.2
IOO iShares Global 100 ETF 2.1 41 34 3.7 -2.6
FDNI First Trust Dow Jones International Internet ETF 2.1 65 10 23.9 +17.6
SDIV Global X Superdividend ETF 2.1 58 17 13.6 +7.3
DGT State Street SPDR Global Dow ETF 2.1 50 25 5.5 -0.8
JGLO JPMorgan Global Select Equity ETF 2.1 33 42 4.1 -2.2
DWX SPDR S&P International Dividend ETF 2.0 45 30 6.6 +0.3
INCO Columbia India Consumer ETF 2.0 75 0 2.0 -4.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.0 65 10 1.3 -5.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.0 9 66 4.7 -1.6
FDD First Trust Stoxx European Select Dividend Index Fund 1.9 58 17 9.3 +3.0
CRAK VanEck Oil Refiners ETF 1.9 61 14 8.2 +1.9
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.8 24 51 6.8 +0.4
BRAZ Global X Brazil Active ETF 1.8 75 0 10.2 +3.9
SCHY Schwab International Dividend Equity ETF 1.8 14 61 8.1 +1.8
GCOW Pacer Global Cash Cows Dividend ETF 1.7 60 15 9.1 +2.8
QTUM Defiance Quantum ETF 1.7 40 35 3.6 -2.7
GLIN VanEck India Growth Leaders ETF 1.7 77 -2 5.3 -1.0
IXG iShares Global Financials ETF 1.6 42 33 5.7 -0.6
HAP VanEck Natural Resources ETF 1.6 50 25 6.7 +0.4
GPT Intelligent Alpha Atlas ETF 1.5 69 6 6.1 -0.3
CCNR ALPS CoreCommodity Natural Resources ETF 1.5 39 36 8.3 +2.0
RING iShares MSCI Global Gold Miners ETF 1.5 39 36 4.0 -2.4
RCGE RockCreek Global Equality ETF 1.5 95 -20 5.7 -0.7
DEW WisdomTree Global High Dividend Fund 1.4 58 17 6.9 +0.6
OBOR KraneShares MSCI One Belt One Road Index ETF 1.4 79 -4 7.3 +1.0
ION ProShares S&P Global Core Battery Metals ETF 1.4 58 17 6.5 +0.2
CGGR Capital Group Growth ETF 1.4 39 36 2.6 -3.8
TTAI FCF International Quality ETF 1.4 59 16 6.9 +0.6
ECH iShares MSCI Chile ETF 1.4 58 17 7.4 +1.1
IBAT iShares Energy Storage & Materials ETF 1.3 47 28 1.7 -4.7
ROBO ROBO Global Robotics & Automation Index ETF 1.3 95 -20 2.3 -4.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.3 47 28 5.0 -1.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.3 60 15 6.4 +0.1
JHDV John Hancock U.S. High Dividend ETF 1.3 34 41 5.7 -0.6
CZA Invesco Zacks Mid-Cap ETF 1.3 72 3 5.5 -0.8
DGIN VanEck Digital India ETF 1.2 71 4 1.3 -5.0
GREK Global X MSCI Greece ETF 1.2 57 18 8.2 +1.9
OCEN IQ Clean Oceans ETF 1.2 45 30 4.6 -1.7
EXI iShares Global Industrials ETF 1.1 42 33 3.4 -2.9
SNSR Global X Internet of Things ETF 1.1 68 7 3.3 -3.0
FDTX Fidelity Disruptive Technology ETF 1.1 50 25 1.6 -4.8
FFND Future Fund Active ETF 1.1 100 -25 4.2 -2.2
FPXI First Trust International Equity Opportunities ETF 1.1 70 5 3.9 -2.4
COLO Global X MSCI Colombia ETF 1.0 62 13 14.2 +7.8
COPA Themes Copper Miners ETF 1.0 35 40 3.0 -3.3
FXZ First Trust Materials AlphaDEX Fund 1.0 61 14 6.8 +0.5
GDIV Harbor Dividend Growth Leaders ETF 1.0 50 25 3.9 -2.4
STRN SMART Trend 25 ETF 1.0 59 16 2.4 -3.9
SGRT SMART Earnings Growth 30 ETF 1.0 59 16 2.5 -3.9
CCSO Carbon Collective Climate Solutions US Equity ETF 1.0 35 40 0.9 -5.4
COPX Global X Copper Miners ETF 1.0 65 10 4.2 -2.2
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 1.0 56 19 6.6 +0.2
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 1.0 49 26 4.5 -1.9
AGMI Themes Silver Miners ETF 1.0 35 40 4.3 -2.0
YNOT Horizon Digital Frontier ETF 1.0 75 0 2.5 -3.8
SETM Sprott Energy Transition Materials ETF 1.0 65 10 1.9 -4.4
ABFL Abacus FCF Leaders ETF 1.0 59 16 3.8 -2.6
ACEP ARS Core Equity ETF 1.0 45 30 4.0 -2.4
IYM iShares U.S. Basic Materials ETF 1.0 40 35 4.5 -1.8
FDLS Inspire Fidelis Multi Factor ETF 1.0 76 -1 3.0 -3.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.9 78 -3 9.2 +2.9
JXI iShares Global Utilities ETF 0.9 43 32 5.2 -1.1
CGIE Capital Group International Equity ETF 0.9 54 21 4.4 -1.9
KXI iShares Global Consumer Staples ETF 0.9 41 34 5.3 -1.1
FFOG Franklin Focused Growth ETF 0.9 61 14 1.6 -4.7
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.9 52 23 4.9 -1.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.9 70 5 4.0 -2.4
CGV Conductor Global Equity Value ETF 0.9 130 -55 7.7 +1.4
FKU First Trust United Kingdom AlphaDEX Fund 0.9 80 -5 6.9 +0.6
PBD Invesco Global Clean Energy ETF 0.9 75 0 0.3 -6.0
TMAT Main Thematic Innovation ETF 0.8 164 -89 -1.9 -8.3
PTL Inspire 500 ETF 0.8 9 66 4.3 -2.0
FPAG FPA Global Equity ETF 0.8 49 26 5.4 -0.9
METV Roundhill Ball Metaverse ETF 0.8 59 16 7.9 +1.6
CGDG Capital Group Dividend Growers ETF 0.8 47 28 5.0 -1.3
BINV Brandes International ETF 0.8 70 5 8.1 +1.8
RXI iShares Global Consumer Discretionary ETF 0.7 41 34 8.0 +1.7
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.7 58 17 9.1 +2.8
POW VistaShares Electrification Supercycle ETF 0.7 75 0 2.2 -4.1
RNRG Global X Renewable Energy Producers ETF 0.7 66 9 4.8 -1.6
VCLN Virtus Duff & Phelps Clean Energy ETF 0.7 59 16 2.6 -3.7
FCLD Fidelity Cloud Computing ETF 0.6 39 36 2.7 -3.6
VUSE Vident U.S. Equity Strategy ETF 0.6 50 25 3.6 -2.7
FFLC Fidelity Fundamental Large Cap Core ETF 0.6 38 37 3.7 -2.6
QDF FlexShares Quality Dividend Index Fund 0.6 37 38 5.1 -1.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.6 86 -11 12.3 +6.0
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.6 86 -11 0.2 -6.1
GEW Cambria Global EW ETF 0.6 29 46 5.2 -1.1
FEP First Trust Europe AlphaDEX Fund 0.5 80 -5 6.7 +0.4
GQI Natixis Gateway Quality Income ETF 0.5 34 41 4.5 -1.8
FTAG First Trust Indxx Global Agriculture ETF 0.5 70 5 7.0 +0.7
EFRA iShares Environmental Infrastructure and Industrials ETF 0.5 47 28 4.9 -1.5
PIO Invesco Global Water ETF 0.5 75 0 4.3 -2.1
CGW Invesco S&P Global Water Index ETF 0.5 57 18 4.4 -2.0
HUMN Roundhill Humanoid Robotics ETF 0.5 75 0 1.3 -5.0
AFLG First Trust Active Factor Large Cap ETF 0.4 55 20 4.8 -1.5
BBEU JPMorgan BetaBuilders Europe ETF 0.4 9 66 6.0 -0.3
SRVR Pacer Data & Infrastructure Real Estate ETF 0.4 55 20 4.1 -2.3
DIVI Franklin International Core Dividend Tilt Index ETF 0.4 9 66 6.4 +0.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.4 18 57 6.6 +0.3
QDEF FlexShares Quality Dividend Defensive Index Fund 0.4 37 38 5.3 -1.1
IQSI IQ Candriam International Equity ETF 0.4 15 60 5.4 -0.9
FLEE Franklin FTSE Europe ETF 0.4 9 66 6.1 -0.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.4 65 10 7.8 +1.5
VGK Vanguard FTSE Europe ETF 0.4 6 69 6.3 +0.0
MOTO SmartETFs Smart Transportation & Technology ETF 0.4 68 7 5.4 -0.9
GNR SPDR S&P Global Natural Resources ETF 0.4 40 35 8.4 +2.1
INQQ India Internet & Ecommerce ETF 0.4 86 -11 0.5 -5.8
SPEU SPDR Portfolio Europe ETF 0.4 7 68 6.3 -0.1
IDRV iShares Self-driving EV & Tech ETF 0.4 47 28 1.5 -4.9
FMDE Fidelity Enhanced Mid Cap ETF 0.3 23 52 5.1 -1.2
SDG iShares MSCI Global Sustainable Development Goals ETF 0.3 49 26 4.5 -1.9
FNDA Schwab Fundamental US Small Co. Index ETF 0.3 25 50 5.8 -0.6
GSID Goldman Sachs MarketBeta International Equity ETF 0.3 20 55 5.6 -0.7
COPY Tweedy, Browne Insider + Value ETF 0.2 80 -5 14.0 +7.6
ICPY Tweedy, Browne International Insider Value ETF 0.2 80 -5 20.1 +13.8
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 55 5.9 -0.4
BFOR ALPS Barron's 400 ETF 0.2 65 10 20.5 +14.2
BKIE BNY Mellon International Equity ETF 0.2 4 71 17.4 +11.1
SHLD Global X Defense Tech ETF 0.2 50 25 2.9 -3.4
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 63 4.7 -1.6
IHAK iShares Cybersecurity & Tech ETF 0.2 47 28 3.2 -3.2
SFY SoFi Select 500 ETF 0.2 0 75 3.7 -2.7
JMOM JPMorgan U.S. Momentum Factor ETF 0.2 12 63 3.2 -3.1
TNUK Tortoise Nuclear Renaissance ETF 0.2 75 0 0.8 -5.5
GINN Goldman Sachs Innovate Equity ETF 0.2 52 23 3.6 -2.8
URA Global X Uranium ETF 0.2 69 6 1.0 -5.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.2 56 19 9.3 +3.0
IDV iShares International Select Dividend ETF 0.2 51 24 9.0 +2.6
SOCL Global X Social Media ETF 0.2 65 10 12.3 +6.0
IXP iShares Global Comm Services ETF 0.2 42 33 5.8 -0.6
ISHP First Trust Nasdaq Retail ETF 0.2 60 15 5.1 -1.3
FDCF Fidelity Disruptive Communications ETF 0.2 50 25 1.8 -4.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 66 5.0 -1.3
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 62 1.7 -4.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 36 6.8 +0.5
AGNG Global X Aging Population ETF 0.2 50 25 4.2 -2.2
IXJ iShares Global Healthcare ETF 0.2 42 33 6.2 -0.2
DRIV Global X Autonomous & Electric Vehicles ETF 0.2 68 7 3.3 -3.0
CTEC Global X CleanTech ETF 0.2 50 25 -0.0 -6.3
LIT Global X Lithium & Battery Tech ETF 0.2 75 0 5.6 -0.8
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.2 39 36 1.1 -5.3
SMOG VanEck Low Carbon Energy ETF 0.2 61 14 1.3 -5.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.2 72 3 2.5 -3.9
EV Mast Global Battery Recycling & Production ETF 0.2 65 10 6.4 +0.1
VYM Vanguard High Dividend Yield Index ETF 0.2 6 69 5.9 -0.5
EQIN Columbia US Equity Income ETF 0.2 35 40 5.9 -0.4
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.2 58 17 3.5 -2.9
RVRB Reverb ETF 0.2 30 45 3.6 -2.7
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.2 14 61 4.0 -2.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 36 6.6 +0.3
VSLU Applied Finance Valuation Large Cap ETF 0.1 49 26 4.8 -1.6
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 60 4.5 -1.9
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.1 10 65 4.1 -2.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 26 5.9 -0.4
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 46 3.9 -2.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 50 5.4 -0.9
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 40 4.1 -2.2
DFVX Dimensional US Large Cap Vector ETF 0.1 22 53 5.1 -1.2
DUHP Dimensional US High Profitability ETF 0.1 21 54 5.2 -1.2
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 66 4.0 -2.3
LRGF iShares U.S. Equity Factor ETF 0.1 8 67 4.5 -1.9
MNZL Manzil Russell Halal USA Broad MarketETF 0.1 40 35 3.8 -2.6
ILCV iShares Morningstar Value ETF 0.1 4 71 5.1 -1.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.1 9 66 4.2 -2.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 56 4.9 -1.4
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 43 3.8 -2.5
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 63 5.1 -1.3
IWX iShares Russell Top 200 Value ETF 0.0 20 55 4.7 -1.7
NACP Impact Shares NAACP Minority Empowerment ETF 0.0 49 26 3.6 -2.8
HLAL Wahed FTSE USA Shariah ETF 0.0 50 25 3.5 -2.8
VONV Vanguard Russell 1000 Value ETF 0.0 7 68 5.1 -1.2
IWD iShares Russell 1000 Value ETF 0.0 19 56 5.0 -1.3
RAUS RACWI US ETF 0.0 15 60 4.0 -2.3
VOTE TCW Transform 500 ETF 0.0 5 70 4.0 -2.3
BKLC BNY Mellon US Large Cap Core Equity ETF 0.0 0 75 12.2 +5.8
DIVB iShares Core Dividend ETF 0.0 5 70 6.4 +0.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.0 2 73 4.1 -2.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.0 7 68 4.0 -2.3
IWL iShares Russell Top 200 ETF 0.0 15 60 3.8 -2.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 46 5.4 -0.9
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 64 4.0 -2.3
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 58 6.2 -0.1
ILCB iShares Morningstar U.S. Equity ETF 0.0 3 72 4.0 -2.3
DFUS Dimensional U.S. Equity ETF 0.0 9 66 4.0 -2.4
VONE Vanguard Russell 1000 ETF 0.0 7 68 4.1 -2.2
IWB iShares Russell 1000 ETF 0.0 15 60 4.0 -2.3
IWV iShares Russell 3000 ETF 0.0 20 55 3.9 -2.4
VTHR Vanguard Russell 3000 ETF 0.0 7 68 4.0 -2.3
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 50 4.7 -1.6
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 33 3.9 -2.4
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 58 4.5 -1.8
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 41 5.4 -1.0
DFAU Dimensional US Core Equity Market ETF 0.0 12 63 4.2 -2.2
GXLC Global X U.S. 500 ETF 0.0 2 73 4.0 -2.4
JHML John Hancock Multifactor Large Cap ETF 0.0 29 46 4.3 -2.0
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.0 42 33 7.8 +1.5
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.0 20 55 5.8 -0.6
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 50 5.9 -0.4
EBI Longview Advantage ETF 0.0 35 40 5.7 -0.6
IWY iShares Russell Top 200 Growth ETF 0.0 20 55 3.7 -2.7
DCOR Dimensional US Core Equity 1 ETF 0.0 14 61 4.4 -1.9
DFIV Dimensional International Value ETF 0.0 27 48 7.5 +1.2
VONG Vanguard Russell 1000 Growth ETF 0.0 7 68 3.7 -2.7
IWF iShares Russell 1000 Growth ETF 0.0 19 56 14.7 +8.4
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 57 4.5 -1.8
AVDE Avantis International Equity ETF 0.0 23 52 6.0 -0.3
AVSD Avantis Responsible International Equity ETF 0.0 23 52 5.7 -0.6
DXUV Dimensional US Vector Equity ETF 0.0 28 47 5.0 -1.4
GVLU Gotham 1000 Value ETF 0.0 50 25 7.8 +1.4
DFIC Dimensional International Core Equity 2 ETF 0.0 23 52 6.1 -0.2
ZIG Acquirers Fund 0.0 84 -9 20.3 +14.0
DFAI Dimensional International Core Equity Market ETF 0.0 18 57 5.9 -0.5
ABLD Abacus FCF Real Assets Leaders ETF 0.0 69 6 6.6 +0.2
DIHP Dimensional International High Profitability ETF 0.0 29 46 5.6 -0.7
QMOM Alpha Architect U.S. Quantitative Momentum ETF 0.0 39 36 1.1 -5.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 First Trust Bloomberg Emerging Market Democracies ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.8 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.50 CATEGORY
AVERAGE		 1.52
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.