Fidelity Emerging Markets Multifactor ETF
ALTAR
Score™		 10.4% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 11.7x P/Sales
ratio		 1.5x
P/BV
ratio		 1.4x Div.
yield		 2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Targeted Emerging Markets Factor Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Fidelity
Website institutional.fidelity.com
Inception date Feb 26, 2019
Assets (mns) $567
Currency USD
Expense ratio 25 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 239
Wgt avg mkt cap (mns) $215,350
Large cap (>$10bn) 59.0%
Mid cap ($2-10bn) 38.3%
Small cap (<$2bn) 1.5%
Developed mkts 7.3%
Emerging mkts 92.7%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 13.0 %
SAMSUNG ELECTRONICS CO LTD 9.0 %
TENCENT HOLDINGS LTD 3.0 %
HYNIX SEMICONDUCTOR INC 2.5 %
MEDIATEK INC 1.7 %
EMAAR DEVELOPMENT PJSC 1.6 %
FIBRA UNO ADMINISTRACION SA 1.6 %
CHINA RESOURCES MIXC LIFESTYLE SER 1.6 %
ORION CORP. 1.5 %
KIMBERLY-CLARK DE MEXICO-A 1.4 %
Total 36.9 %

TOP COUNTRY EXPOSURE
TAIWAN 25.0 %
CHINA 18.7 %
SOUTH KOREA 18.6 %
INDIA 7.5 %
MEXICO 3.6 %
BRAZIL 3.3 %
SOUTH AFRICA 3.3 %
THAILAND 2.4 %
UAE 2.3 %
HONG KONG 2.2 %

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.
14.5% 27.0% 9.4% -- 8.2%

Market Correlations
versus... Beta R-squared
S&P500 1.22 55%
MSCI EAFE 1.06 62%
MSCI Emg. Mkts. 0.85 95%

Technical Indicators
Recent close $35.79
30d moving avg. $35.38
Annualized volatility 12.4%
Short interest (ETF) 0.2%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 76
Turnover 0.5%
Bid/Ask (% of price) 0.41%
ADV underlying (mns) $7,084

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 430 potential alternatives to the Fidelity Emerging Markets Multifactor ETF ETF based on the alternatives' overlap in portfolio holdings with FDEM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FDEM Expense: 25 bp ALTAR Score™: 10.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FDEM
Ticker Fund
Name		 Overlap1
vs FDEM
(%)		 Expense
ratio
(bp)		 Savings
vs FDEM
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FDEM
(%)
BKEM BNY Mellon Emerging Markets Equity ETF 43.9 11 14 24.0 +13.7
FLAX Franklin FTSE Asia Ex Japan ETF 43.8 19 6 7.1 -3.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 43.6 36 -11 7.5 -2.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 43.1 66 -41 7.3 -3.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 42.9 45 -20 8.0 -2.4
JIVE JPMorgan International Value ETF 42.6 55 -30 7.9 -2.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 42.3 30 -5 7.9 -2.5
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 41.8 69 -44 7.6 -2.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 41.7 70 -45 6.9 -3.5
EEM iShares MSCI Emerging Markets ETF 41.6 69 -44 7.8 -2.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 41.4 33 -8 6.7 -3.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 41.3 32 -7 7.5 -2.9
EMGF iShares Emerging Markets Equity Factor ETF 41.1 25 0 8.9 -1.5
EEMA iShares MSCI Emerging Markets Asia ETF 41.0 49 -24 7.5 -2.9
JADE JPMorgan Active Developing Markets Equity ETF 40.5 65 -40 5.9 -4.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 40.2 88 -63 8.4 -2.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 39.6 40 -15 6.2 -4.2
IEMG iShares Core MSCI Emerging Markets ETF 39.5 9 16 8.2 -2.2
ESGE iShares ESG Aware MSCI EM ETF 39.3 25 0 8.2 -2.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 38.2 24 1 5.2 -5.2
EMXC iShares MSCI Emerging Markets ex China ETF 38.2 25 0 5.1 -5.3
AIA iShares Asia 50 ETF 37.9 50 -25 7.6 -2.8
STXE Strive Emerging Markets Ex-China ETF 37.6 32 -7 5.2 -5.1
DFAE Dimensional Emerging Core Equity Market ETF 37.4 35 -10 7.0 -3.4
XCEM Columbia EM Core ex-China ETF 37.1 16 9 5.0 -5.4
JHEM John Hancock Multifactor Emerging Markets ETF 36.8 49 -24 7.5 -2.9
EMMF WisdomTree Emerging Markets Multifactor Fund 35.9 48 -23 8.6 -1.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 35.8 32 -7 4.7 -5.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 35.5 15 10 8.8 -1.6
ECON Columbia Emerging Markets Consumer ETF 35.5 49 -24 6.6 -3.8
EMDM First Trust Bloomberg Emerging Market Democracies ETF 34.9 75 -50 6.3 -4.0
SCHE Schwab Emerging Markets Equity ETF 33.2 11 14 9.3 -1.1
VWO Vanguard FTSE Emerging Markets ETF 32.9 7 18 9.0 -1.3
SPEM SPDR Portfolio Emerging Markets ETF 32.4 7 18 9.4 -1.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 31.8 38 -13 7.0 -3.3
FTHF First Trust Emerging Markets Human Flourishing ETF 31.4 75 -50 5.8 -4.6
MEM Matthews Emerging Markets Equity Active ETF 31.4 79 -54 8.4 -2.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 30.7 30 -5 7.5 -2.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 30.5 59 -34 8.5 -1.9
DEHP Dimensional Emerging Markets High Profitability ETF 29.2 41 -16 4.8 -5.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 29.0 41 -16 6.9 -3.5
PXH Invesco FTSE RAFI Emerging Markets ETF 29.0 49 -24 13.1 +2.7
PATN Pacer Nasdaq International Patent Leaders ETF 28.4 65 -40 4.0 -6.3
VEXC Vanguard Emerging Markets Ex-China ETF 28.2 7 18 5.6 -4.7
EMXF iShares ESG Advanced MSCI EM ETF 28.1 16 9 6.6 -3.8
NUEM Nuveen ESG Emerging Markets Equity ETF 27.9 36 -11 5.9 -4.4
DEXC Dimensional Emerging Markets ex China Core EquityETF 27.8 53 -28 5.1 -5.2
AVEM Avantis Emerging Markets Equity ETF 26.8 33 -8 7.0 -3.3
EMM Global X Emerging Markets ex-China ETF 26.7 75 -50 4.7 -5.6
XCNY SPDR S&P Emerging Markets ex-China ETF 26.2 15 10 5.6 -4.8
GMF SPDR S&P Emerging Asia Pacific ETF 26.0 49 -24 8.5 -1.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 25.7 39 -14 13.3 +2.9
ROAM Hartford Multifactor Emerging Markets ETF 25.5 44 -19 7.5 -2.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 24.8 50 -25 8.2 -2.2
AVSE Avantis Responsible Emerging Markets Equity ETF 23.8 33 -8 6.6 -3.8
FLTW Franklin FTSE Taiwan ETF 23.1 19 6 3.3 -7.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 23.0 95 -70 9.7 -0.7
EMC Global X Emerging Markets Great Consumer ETF 22.8 75 -50 7.1 -3.3
KNCT Invesco Next Gen Connectivity ETF 22.3 40 -15 2.9 -7.4
LDEM iShares ESG MSCI EM Leaders ETF 22.3 17 8 12.5 +2.2
EWT iShares MSCI Taiwan ETF 22.2 58 -33 2.9 -7.4
EEMO Invesco S&P Emerging Markets Momentum ETF 22.0 29 -4 6.8 -3.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 20.7 25 0 6.0 -4.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 19.9 45 -20 9.4 -0.9
MINV Matthews Asia Innovators Active ETF 19.0 79 -54 5.5 -4.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 18.7 35 -10 9.9 -0.4
FRDM Freedom 100 Emerging Markets ETF 18.7 49 -24 5.4 -5.0
DFEV Dimensional Emerging Markets Value ETF 18.5 43 -18 9.4 -1.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 17.4 42 -17 4.0 -6.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 16.9 44 -19 9.3 -1.1
BKF iShares MSCI BIC ETF 16.8 69 -44 14.4 +4.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 16.3 33 -8 6.1 -4.3
VSGX Vanguard ESG International Stock ETF 16.1 10 15 6.4 -3.9
JIG JPMorgan International Growth ETF 15.8 55 -30 3.6 -6.8
FRGN Horizon International Equity ETF 15.7 75 -50 7.7 -2.7
FLKR Franklin FTSE South Korea ETF 15.7 9 16 4.3 -6.0
ACWX iShares MSCI ACWI ex U.S. ETF 15.5 34 -9 6.2 -4.2
RNEM First Trust Emerging Markets Equity Select ETF 15.5 75 -50 7.7 -2.6
IQDF FlexShares International Quality Dividend Index Fund 15.4 47 -22 7.3 -3.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 15.4 18 7 6.2 -4.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 15.1 47 -22 7.0 -3.4
EWY iShares MSCI South Korea ETF 15.0 58 -33 3.4 -6.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 14.5 41 -16 5.8 -4.6
VEU Vanguard FTSE All-World ex-US Index Fund 14.5 4 21 6.5 -3.8
IXUS iShares Core MSCI Total International Stock ETF 13.8 7 18 6.4 -3.9
CGXU Capital Group International Focus Equity ETF 13.8 54 -29 3.7 -6.6
MCHI iShares MSCI China ETF 13.7 59 -34 20.0 +9.6
VXUS Vanguard Total International Stock ETF 13.6 5 20 6.5 -3.9
AVES Avantis Emerging Markets Value ETF 13.4 36 -11 9.0 -1.4
FXI iShares China Large-Cap ETF 13.4 74 -49 20.4 +10.0
GXC SPDR S & P China ETF 13.3 59 -34 18.7 +8.3
DEM WisdomTree Emerging Markets High Dividend Fund 13.3 63 -38 10.2 -0.2
FLCH Franklin FTSE China ETF 13.2 19 6 17.8 +7.5
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 12.8 90 -65 3.6 -6.7
IXN iShares Global Tech ETF 12.5 41 -16 2.6 -7.8
FEM First Trust Emerging Markets AlphaDEX Fund 12.0 80 -55 8.8 -1.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 11.8 29 -4 8.7 -1.7
DOL WisdomTree International LargeCap Dividend Fund 11.7 48 -23 5.4 -4.9
EYLD Cambria Emerging Shareholder Yield ETF 11.1 66 -41 9.0 -1.4
SDEM Global X MSCI SuperDividend Emerging Markets ETF 11.0 67 -42 12.2 +1.8
IMFL Invesco International Developed Dynamic Multifactor ETF 11.0 34 -9 5.1 -5.3
UMMA Wahed Dow Jones Islamic World ETF 10.9 65 -40 3.5 -6.8
VPL Vanguard FTSE Pacific ETF 10.6 7 18 5.1 -5.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 10.2 60 -35 8.7 -1.7
AIQ Global X Artificial Intelligence & Technology ETF 9.8 68 -43 2.7 -7.6
OAIM OneAscent International Equity ETF 9.6 95 -70 4.5 -5.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 9.5 30 -5 6.3 -4.1
DVYE iShares Emerging Markets Dividend ETF 9.5 49 -24 17.6 +7.2
JCHI JPMorgan Active China ETF 9.0 65 -40 15.1 +4.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.9 45 -20 6.6 -3.8
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 8.8 80 -55 7.5 -2.9
FMET Fidelity Metaverse ETF 8.6 39 -14 4.2 -6.2
WRND IQ Global Equity R&D Leaders ETF 8.5 18 7 3.9 -6.4
AIVC Amplify Bloomberg AI Value Chain ETF 8.3 59 -34 3.4 -6.9
DINT Davis Select International ETF 8.0 55 -30 5.8 -4.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 8.0 70 -45 9.2 -1.1
AQLT iShares MSCI Global Quality Factor ETF 7.9 18 7 0.0 -10.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 7.9 32 -7 14.1 +3.7
XC WisdomTree Emerging Markets Ex-China Fund 7.8 32 -7 6.3 -4.1
CHAT Roundhill Generative AI & Technology ETF 7.8 75 -50 4.1 -6.2
VIDI Vident International Equity Strategy ETF 7.7 61 -36 8.2 -2.2
VYMI Vanguard International High Dividend Yield ETF 7.6 17 8 7.7 -2.7
CWI SPDR MSCI ACWI ex-US ETF 7.5 30 -5 6.3 -4.1
ARTY iShares Future AI & Tech ETF 7.4 47 -22 2.4 -8.0
AGIX KraneShares Artificial Intelligence and Technology ETF 7.4 99 -74 1.1 -9.3
ACWV iShares MSCI Global Min Vol Factor ETF 7.0 20 5 5.6 -4.8
HFXI IQ FTSE International Equity Currency Neutral ETF 7.0 20 5 5.5 -4.9
WTAI WisdomTree Artificial Intelligence and Innovation Fund 6.9 45 -20 1.9 -8.5
FLN First Trust Latin America AlphaDEX Fund 6.8 80 -55 9.9 -0.5
KTEC KraneShares Hang Seng TECH Index ETF 6.8 69 -44 21.0 +10.6
TCHI iShares MSCI China Multisector Tech ETF 6.8 59 -34 14.4 +4.0
FBOT Fidelity Disruptive Automation ETF 6.6 50 -25 2.8 -7.6
PIEL Pacer International Export Leaders ETF 6.6 60 -35 4.0 -6.4
NXTG First Trust Indxx NextG ETF 6.4 70 -45 3.5 -6.9
FLLA Franklin FTSE Latin America ETF 6.3 19 6 10.6 +0.2
CLNR IQ Cleaner Transport ETF 6.3 45 -20 4.0 -6.4
KLMT Invesco MSCI Global Climate 500 ETF 6.1 10 15 4.8 -5.6
GLOF iShares Global Equity Factor ETF 6.0 20 5 5.4 -5.0
INDA iShares MSCI India ETF 6.0 65 -40 4.4 -5.9
EPI WisdomTree India Earnings Fund 6.0 85 -60 5.0 -5.4
DWLD Davis Select Worldwide ETF 5.9 63 -38 6.5 -3.9
GTEK Goldman Sachs Future Tech Leaders Equity ETF 5.9 75 -50 1.8 -8.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.8 20 5 4.6 -5.8
MCH Matthews China Active ETF 5.8 79 -54 14.8 +4.4
SCHF Schwab International Equity ETF 5.7 6 19 5.8 -4.6
CARZ First Trust NASDAQ Global Auto Index Fund 5.7 70 -45 2.4 -8.0
ACWI iShares MSCI ACWI ETF 5.7 32 -7 4.5 -5.8
FNDF Schwab Fundamental International Large Co. Index ETF 5.7 25 0 7.2 -3.2
FLIN Franklin FTSE India ETF 5.7 19 6 4.0 -6.4
ABLG Abacus FCF International Leaders ETF 5.5 59 -34 6.5 -3.9
KWEB KraneShares CSI China Internet ETF 5.4 69 -44 23.5 +13.2
CGGO Capital Group Global Growth Equity ETF 5.4 47 -22 3.9 -6.4
VEA Vanguard FTSE Developed Markets ETF 5.3 3 22 5.8 -4.6
AIS VistaShares Artificial Intelligence Supercycle ETF 5.2 75 -50 1.0 -9.4
VT Vanguard Total World Stock ETF 5.1 6 19 4.9 -5.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 5.1 12 13 4.3 -6.0
BAI iShares AI Innovation and Tech Active ETF 5.1 55 -30 1.0 -9.4
AVEE Avantis Emerging Markets Small Cap Equity ETF 5.0 42 -17 7.8 -2.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 5.0 80 -55 6.9 -3.5
FEOE First Eagle Overseas Equity ETF 5.0 79 -54 5.9 -4.5
GVAL Cambria Global Value ETF 4.9 68 -43 8.3 -2.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 4.9 58 -33 8.5 -1.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 4.8 70 -45 6.6 -3.8
IGPT Invesco AI and Next Gen Software ETF 4.8 60 -35 2.4 -8.0
DTCR Global X Data Center & Digital Infrastructure ETF 4.8 50 -25 3.4 -6.9
SCHY Schwab International Dividend Equity ETF 4.7 14 11 8.1 -2.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.7 60 -35 10.5 +0.2
ANEW ProShares MSCI Transformational Changes ETF 4.7 45 -20 4.2 -6.1
CHPX Global X AI Semiconductor & Quantum ETF 4.7 50 -25 1.6 -8.7
IGRO iShares International Dividend Growth ETF 4.6 15 10 6.5 -3.9
EDIV SPDR S&P Emerging Markets Dividend ETF 4.6 49 -24 8.8 -1.5
BNGE First Trust S-Network Streaming and Gaming ETF 4.5 70 -45 3.0 -7.4
NFTY First Trust India NIFTY 50 Equal Weight ETF 4.4 80 -55 4.8 -5.6
INDY iShares India 50 ETF 4.4 89 -64 5.1 -5.2
ADIV SmartETFs Asia Pacific Dividend Builder ETF 4.4 78 -53 9.2 -1.1
MOTG VanEck Morningstar Global Wide Moat ETF 4.3 52 -27 7.5 -2.9
CQQQ Invesco China Technology ETF 4.3 70 -45 15.5 +5.1
FDNI First Trust Dow Jones International Internet ETF 4.3 65 -40 23.9 +13.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 4.3 86 -61 12.3 +1.9
XT iShares Exponential Technologies ETF 4.2 46 -21 3.9 -6.5
MOTI VanEck Morningstar International Moat ETF 4.1 58 -33 9.6 -0.8
TINY ProShares Nanotechnology ETF 4.1 58 -33 1.3 -9.0
CHIQ Global X MSCI China Consumer Discretionary ETF 4.1 65 -40 13.7 +3.3
IXP iShares Global Comm Services ETF 4.0 42 -17 5.8 -4.6
ARVR First Trust Indxx Metaverse ETF 4.0 70 -45 3.6 -6.8
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.0 65 -40 7.1 -3.3
FCA First Trust China AlphaDEX Fund 4.0 80 -55 8.4 -2.0
IVRS iShares Future Metaverse Tech and Communications ETF 3.9 47 -22 5.2 -5.2
AGQI First Trust Active Global Quality Income ETF 3.9 85 -60 6.1 -4.2
JSTC Adasina Social Justice All Cap Global ETF 3.8 89 -64 4.2 -6.2
JPIN J.P. Morgan Diversified Return International Equity ETF 3.8 37 -12 6.9 -3.5
CGRO CoreValues Alpha Greater China Growth ETF 3.8 75 -50 5.0 -5.4
DSTX Distillate International Fundamental Stability & Value ETF 3.6 55 -30 6.3 -4.1
EWW iShares MSCI Mexico ETF 3.6 50 -25 8.3 -2.1
FLMX Franklin FTSE Mexico ETF 3.6 19 6 8.7 -1.6
PIN Invesco India ETF 3.6 78 -53 5.4 -5.0
RGEF Rockefeller Global Equity ETF 3.6 55 -30 3.7 -6.7
METV Roundhill Ball Metaverse ETF 3.6 59 -34 7.9 -2.5
SOCL Global X Social Media ETF 3.5 65 -40 12.3 +2.0
ODDS Pacer BlueStar Digital Entertainment ETF 3.4 60 -35 4.5 -5.9
ESPO VanEck Video Gaming and eSports ETF 3.4 56 -31 6.4 -4.0
FLBR Franklin FTSE Brazil ETF 3.3 19 6 11.9 +1.5
DGT State Street SPDR Global Dow ETF 3.2 50 -25 5.5 -4.9
SDIV Global X Superdividend ETF 3.2 58 -33 13.6 +3.3
IBLC iShares Blockchain and Tech ETF 3.0 47 -22 -1.3 -11.7
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 3.0 75 -50 3.2 -7.2
PCGG Polen Capital Global Growth ETF 3.0 85 -60 3.8 -6.5
IOO iShares Global 100 ETF 3.0 41 -16 3.7 -6.7
INCO Columbia India Consumer ETF 3.0 75 -50 2.0 -8.4
FEGE First Eagle Global Equity ETF 2.9 79 -54 5.8 -4.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.9 60 -35 6.4 -4.0
EWZ iShares MSCI Brazil ETF 2.9 58 -33 10.6 +0.3
GKAT Scharf Global Opportunity ETF 2.7 57 -32 5.7 -4.7
IDHQ Invesco S&P International Developed High Quality ETF 2.7 29 -4 4.9 -5.5
SPDW SPDR Portfolio Developed World ex-US ETF 2.7 3 22 5.7 -4.7
OGIG ALPS O'Shares Global Internet Giants ETF 2.7 48 -23 2.4 -8.0
GEW Cambria Global EW ETF 2.7 29 -4 5.2 -5.2
GLIN VanEck India Growth Leaders ETF 2.6 77 -52 5.3 -5.0
NDIA Global X India Active ETF 2.6 75 -50 4.9 -5.4
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.6 24 1 6.8 -3.6
ASEA Global X FTSE Southeast Asia ETF 2.6 65 -40 5.1 -5.3
BINV Brandes International ETF 2.5 70 -45 8.1 -2.3
UIVM VictoryShares International Value Momentum ETF 2.5 35 -10 7.7 -2.6
IQM Franklin Intelligent Machines ETF 2.3 50 -25 1.2 -9.2
GINN Goldman Sachs Innovate Equity ETF 2.3 52 -27 3.6 -6.8
ROBO ROBO Global Robotics & Automation Index ETF 2.3 95 -70 2.3 -8.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.3 9 16 4.7 -5.6
IXG iShares Global Financials ETF 2.3 42 -17 5.7 -4.7
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.2 65 -40 7.8 -2.5
GSIB Themes Global Systemically Important Banks ETF 2.1 35 -10 7.5 -2.9
JGLO JPMorgan Global Select Equity ETF 2.1 33 -8 4.1 -6.2
WWJD Inspire International ETF 2.0 80 -55 6.1 -4.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.0 65 -40 1.3 -9.1
UAE iShares MSCI UAE ETF 2.0 59 -34 0.0 -10.4
THD iShares MSCI Thailand ETF 2.0 58 -33 0.0 -10.4
FID First Trust S&P International Dividend Aristocrats ETF 1.9 60 -35 7.5 -2.8
WDIV SPDR S&P Global Dividend ETF 1.9 40 -15 8.8 -1.6
QTUM Defiance Quantum ETF 1.9 40 -15 3.6 -6.8
DEW WisdomTree Global High Dividend Fund 1.8 58 -33 6.9 -3.4
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 1.8 80 -55 3.7 -6.7
SNSR Global X Internet of Things ETF 1.7 68 -43 3.3 -7.0
ILF iShares Latin America 40 ETF 1.7 48 -23 9.5 -0.8
KOCG FIS Knights of Columbus Global Belief ETF 1.7 75 -50 4.5 -5.8
FDTX Fidelity Disruptive Technology ETF 1.7 50 -25 1.6 -8.8
GGME Invesco Next Gen Media and Gaming ETF 1.7 60 -35 4.4 -5.9
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.7 46 -21 7.9 -2.5
OCEN IQ Clean Oceans ETF 1.7 45 -20 4.6 -5.8
DWX SPDR S&P International Dividend ETF 1.7 45 -20 6.6 -3.8
AFK VanEck Africa Index ETF 1.7 98 -73 11.2 +0.9
CGIE Capital Group International Equity ETF 1.6 54 -29 4.4 -5.9
FDCF Fidelity Disruptive Communications ETF 1.5 50 -25 1.8 -8.5
OTGL OTG Latin America ETF 1.5 269 -244 7.6 -2.7
CIL VictoryShares International Volatility Wtd ETF 1.5 45 -20 5.9 -4.5
DRGN Themes China Generative Artificial Intelligence ETF 1.5 39 -14 9.3 -1.0
IBAT iShares Energy Storage & Materials ETF 1.4 47 -22 1.7 -8.7
TTAI FCF International Quality ETF 1.4 59 -34 6.9 -3.4
BWEB Bitwise Web3 ETF 1.4 85 -60 -0.1 -10.5
CGV Conductor Global Equity Value ETF 1.4 130 -105 7.7 -2.7
BLDG Cambria Global Real Estate ETF 1.4 60 -35 10.6 +0.2
ECNS iShares MSCI China Small-Cap ETF 1.4 59 -34 9.7 -0.7
EWM iShares MSCI Malaysia ETF 1.3 50 -25 6.4 -4.0
COLO Global X MSCI Colombia ETF 1.2 62 -37 14.2 +3.8
PBD Invesco Global Clean Energy ETF 1.1 75 -50 0.3 -10.1
BLES Inspire Global Hope ETF 1.1 61 -36 5.5 -4.8
GREK Global X MSCI Greece ETF 1.1 57 -32 8.2 -2.1
ECH iShares MSCI Chile ETF 1.1 58 -33 7.4 -2.9
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.1 56 -31 9.3 -1.1
PICK iShares MSCI Global Metals & Mining Producers ETF 1.1 39 -14 8.1 -2.3
ICPY Tweedy, Browne International Insider Value ETF 1.1 80 -55 20.1 +9.7
COPY Tweedy, Browne Insider + Value ETF 1.1 80 -55 14.0 +3.6
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.0 12 13 8.4 -2.0
CGDG Capital Group Dividend Growers ETF 1.0 47 -22 5.0 -5.3
RWX SPDR Dow Jones International Real Estate ETF 1.0 59 -34 6.9 -3.5
GCOW Pacer Global Cash Cows Dividend ETF 1.0 60 -35 9.1 -1.2
POW VistaShares Electrification Supercycle ETF 1.0 75 -50 2.2 -8.1
KSA iShares MSCI Saudi Arabia ETF 1.0 74 -49 0.0 -10.4
FLSA Franklin FTSE Saudi Arabia ETF 1.0 39 -14 0.0 -10.4
HUMN Roundhill Humanoid Robotics ETF 1.0 75 -50 1.3 -9.1
TPIF Timothy Plan International ETF 1.0 62 -37 5.4 -5.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.9 8 17 6.3 -4.0
FFOG Franklin Focused Growth ETF 0.9 61 -36 1.6 -8.8
CGGR Capital Group Growth ETF 0.9 39 -14 2.6 -7.8
BUYZ Franklin Disruptive Commerce ETF 0.9 50 -25 2.4 -8.0
IDV iShares International Select Dividend ETF 0.9 51 -26 9.0 -1.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.9 10 15 8.4 -2.0
IDRV iShares Self-driving EV & Tech ETF 0.8 47 -22 1.5 -8.9
SDG iShares MSCI Global Sustainable Development Goals ETF 0.8 49 -24 4.5 -5.9
FCLD Fidelity Cloud Computing ETF 0.8 39 -14 2.7 -7.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.8 72 -47 2.5 -7.9
IXC iShares Global Energy ETF 0.8 44 -19 7.4 -3.0
EZA iShares MSCI South Africa ETF 0.8 58 -33 9.2 -1.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.7 80 -55 9.2 -1.2
MOTO SmartETFs Smart Transportation & Technology ETF 0.7 68 -43 5.4 -5.0
IDX VanEck Indonesia Index ETF 0.7 57 -32 9.7 -0.6
FPXI First Trust International Equity Opportunities ETF 0.7 70 -45 3.9 -6.5
FNDC Schwab Fundamental International Small Co. Index ETF 0.7 39 -14 6.6 -3.8
QAT iShares MSCI Qatar ETF 0.6 59 -34 49.8 +39.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.6 65 -40 6.7 -3.6
DIVS SmartETFs Dividend Builder ETF 0.6 65 -40 4.2 -6.2
FFLC Fidelity Fundamental Large Cap Core ETF 0.6 38 -13 3.7 -6.6
OND ProShares On-Demand ETF 0.6 58 -33 0.5 -9.9
HAP VanEck Natural Resources ETF 0.6 50 -25 6.7 -3.6
BRAZ Global X Brazil Active ETF 0.5 75 -50 10.2 -0.2
IPKW Invesco International BuyBack Achievers ETF 0.5 55 -30 7.7 -2.7
RXI iShares Global Consumer Discretionary ETF 0.5 41 -16 8.0 -2.3
BOTZ Global X Robotics & Artificial Intelligence ETF 0.5 69 -44 1.9 -8.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 -24 5.9 -4.4
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.5 80 -55 12.4 +2.0
OSEA Harbor International Compounders ETF 0.5 55 -30 4.2 -6.2
EPOL iShares MSCI Poland ETF 0.5 59 -34 8.1 -2.2
FPAG FPA Global Equity ETF 0.4 49 -24 5.4 -4.9
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.4 47 -22 5.0 -5.4
VIGI Vanguard International Dividend Appreciation ETF 0.4 10 15 5.8 -4.5
DTAN Sparkline International Intangible Value ETF 0.4 55 -30 6.9 -3.4
SHPP Pacer Industrials and Logistics ETF 0.4 60 -35 6.4 -3.9
EPU iShares MSCI Peru and Global Exposure ETF 0.4 59 -34 4.3 -6.1
NERD Roundhill Video Games ETF 0.4 50 -25 7.7 -2.7
HERO Global X Video Games & Esports ETF 0.4 50 -25 5.7 -4.6
IHAK iShares Cybersecurity & Tech ETF 0.4 47 -22 3.2 -7.2
AWAY ETFMG Travel Tech ETF 0.4 76 -51 0.9 -9.5
JETS U.S. Global Jets ETF 0.4 60 -35 2.1 -8.3
IDOG ALPS International Sector Dividend Dogs ETF 0.4 50 -25 9.0 -1.3
BETZ Roundhill Sports Betting & iGaming ETF 0.4 75 -50 3.4 -6.9
OBOR KraneShares MSCI One Belt One Road Index ETF 0.3 79 -54 7.3 -3.0
FTAG First Trust Indxx Global Agriculture ETF 0.3 70 -45 7.0 -3.3
BATT Amplify Lithium & Battery Technology ETF 0.3 59 -34 2.0 -8.4
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.3 58 -33 9.1 -1.2
IPAV Global X Infrastructure Development ex-U.S. ETF 0.3 55 -30 5.8 -4.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.3 70 -45 4.0 -6.4
AVRE Avantis Real Estate ETF 0.3 17 8 6.6 -3.7
CCNR ALPS CoreCommodity Natural Resources ETF 0.3 39 -14 8.3 -2.0
ISHP First Trust Nasdaq Retail ETF 0.3 60 -35 5.1 -5.3
RING iShares MSCI Global Gold Miners ETF 0.3 39 -14 4.0 -6.4
SMIN iShares MSCI India Small Cap ETF 0.3 79 -54 3.2 -7.2
EIDO iShares MSCI Indonesia ETF 0.3 59 -34 10.6 +0.3
SCHC Schwab International Small-Cap Equity ETF 0.3 11 14 6.6 -3.8
RWO SPDR Dow Jones Global Real Estate ETF 0.3 50 -25 6.1 -4.3
REET iShares Global REIT ETF 0.3 14 11 6.7 -3.6
CTEC Global X CleanTech ETF 0.2 50 -25 -0.0 -10.4
SMOG VanEck Low Carbon Energy ETF 0.2 61 -36 1.3 -9.1
DFGR Dimensional Global Real Estate ETF 0.2 22 3 6.8 -3.6
IQRA IQ CBRE Real Assets ETF 0.2 65 -40 5.7 -4.6
IGF iShares Global Infrastructure ETF 0.2 41 -16 4.3 -6.1
EMIF iShares Emerging Markets Infrastructure ETF 0.2 60 -35 2.9 -7.5
GII SPDR S&P Global Infrastructure ETF 0.2 40 -15 4.3 -6.1
RFDI First Trust Riverfront Dynamic Developed International ETF 0.2 83 -58 7.3 -3.1
SRVR Pacer Data & Infrastructure Real Estate ETF 0.2 55 -30 4.1 -6.3
SLX VanEck Steel ETF 0.2 56 -31 10.0 -0.4
MXI iShares Global Materials ETF 0.2 41 -16 6.0 -4.4
ICOP iShares Copper and Metals Mining ETF 0.2 47 -22 5.5 -4.9
GMET VanEck Green Metals ETF 0.2 63 -38 1.2 -9.2
ION ProShares S&P Global Core Battery Metals ETF 0.2 58 -33 6.5 -3.9
VEGI iShares MSCI Agriculture Producers ETF 0.2 39 -14 7.6 -2.8
INTF iShares International Equity Factor ETF 0.2 15 10 6.3 -4.1
EV Mast Global Battery Recycling & Production ETF 0.2 65 -40 6.4 -4.0
LIT Global X Lithium & Battery Tech ETF 0.2 75 -50 5.6 -4.8
DRIV Global X Autonomous & Electric Vehicles ETF 0.2 68 -43 3.3 -7.0
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.2 39 -14 1.1 -9.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 -14 6.8 -3.6
DXIV Dimensional International Vector Equity ETF 0.1 34 -9 6.5 -3.9
AVDE Avantis International Equity ETF 0.1 23 2 6.0 -4.3
IQSI IQ Candriam International Equity ETF 0.1 15 10 5.4 -4.9
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 16 6.4 -4.0
GNR SPDR S&P Global Natural Resources ETF 0.1 40 -15 8.4 -2.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 -21 5.2 -5.2
IBUY Amplify Online Retail ETF 0.1 65 -40 2.1 -8.3
DFE WisdomTree Europe SmallCap Dividend Fund 0.1 58 -33 7.5 -2.9
AVDV Avantis International Small Cap Value ETF 0.1 36 -11 7.7 -2.7
GDXJ VanEck Junior Gold Miners ETF 0.1 52 -27 3.3 -7.0
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 -17 6.6 -3.8
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 -33 7.3 -3.1
AVDS Avantis International Small Cap Equity ETF 0.1 30 -5 5.9 -4.4
AUAU Global X Gold Miners ETF 0.1 35 -10 2.9 -7.4
DFIS Dimensional International Small Cap ETF 0.1 39 -14 6.0 -4.3
GOEX Global X Gold Explorers ETF 0.1 65 -40 2.5 -7.9
AUMI Themes Gold Miners ETF 0.1 35 -10 3.7 -6.7
EWUS iShares MSCI United Kingdom Small Cap ETF 0.1 59 -34 6.9 -3.4
VGK Vanguard FTSE Europe ETF 0.1 6 19 6.3 -4.0
SPEU SPDR Portfolio Europe ETF 0.1 7 18 6.3 -4.1
DFIC Dimensional International Core Equity 2 ETF 0.1 23 2 6.1 -4.3
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 0 5.4 -5.0
INEQ Columbia International Equity Income ETF 0.1 45 -20 7.5 -2.9
AVIV Avantis International Large Cap Value ETF 0.1 25 0 6.7 -3.7
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 -5 7.8 -2.6
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 -5 5.3 -5.1
EPP iShares MSCI Pacific ex-Japan ETF 0.1 47 -22 4.7 -5.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.1 9 16 7.5 -2.9
EWS iShares MSCI Singapore ETF 0.1 50 -25 3.7 -6.7
DIHP Dimensional International High Profitability ETF 0.1 29 -4 5.6 -4.8
LVHI Franklin International Low Volatility High Dividend Index ET 0.1 40 -15 7.3 -3.1
JHID John Hancock International High Dividend ETF 0.1 46 -21 7.6 -2.7
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.1 65 -40 4.1 -6.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.1 29 -4 6.9 -3.5
FENI Fidelity Enhanced International ETF 0.1 28 -3 5.6 -4.8
EFRA iShares Environmental Infrastructure and Industrials ETF 0.1 47 -22 4.9 -5.5
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 5 5.6 -4.7
BKIE BNY Mellon International Equity ETF 0.1 4 21 17.4 +7.0
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 16 6.0 -4.4
IPAC iShares Core MSCI Pacific ETF 0.1 9 16 5.3 -5.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 -33 3.5 -6.9
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 -15 6.0 -4.3
FLEE Franklin FTSE Europe ETF 0.1 9 16 6.1 -4.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 -14 6.1 -4.3
GWX SPDR S&P International Small Cap ETF 0.1 40 -15 5.9 -4.5
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 1 5.5 -4.9
DFAI Dimensional International Core Equity Market ETF 0.0 18 7 5.9 -4.5
EFG iShares MSCI EAFE Growth ETF 0.0 36 -11 3.7 -6.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 -5 5.9 -4.5
IMTM iShares MSCI Intl Momentum Factor ETF 0.0 30 -5 4.6 -5.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.0 25 0 5.9 -4.4
IEFA iShares Core MSCI EAFE ETF 0.0 7 18 5.9 -4.5
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 21 5.8 -4.5
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.0 20 5 5.4 -5.0
HEFA iShares Currency Hedged MSCI EAFE ETF 0.0 35 -10 5.5 -4.8
EFA iShares MSCI EAFE ETF 0.0 35 -10 5.5 -4.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.0 36 -11 5.1 -5.3
DWM WisdomTree International Equity Fund 0.0 48 -23 5.4 -5.0
EFV iShares MSCI EAFE Value ETF 0.0 34 -9 7.2 -3.1
WSML iShares MSCI World Small-Cap ETF 0.0 15 10 5.2 -5.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 -15 5.5 -4.8
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.0 20 5 5.5 -4.9
TINT ProShares Smart Materials ETF 0.0 58 -33 5.5 -4.9
IEUR iShares Core MSCI Europe ETF 0.0 11 14 6.2 -4.2
ISCF iShares International SmallCap Equity Factor ETF 0.0 23 2 7.1 -3.2
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 -5 5.0 -5.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 16 4.3 -6.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 -17 3.9 -6.5
TOK iShares MSCI Kokusai ETF 0.0 26 -1 4.2 -6.2
URTH iShares MSCI World ETF 0.0 24 1 4.2 -6.2
TUR iShares MSCI Turkey ETF 0.0 58 -33 13.4 +3.1

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:		 Fidelity Emerging Markets Multifactor ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.2 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 10.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.51 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.