Freedom 100 Emerging Markets ETF
ALTAR
Score™		 5.3% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 17.9x P/Sales
ratio		 1.7x
P/BV
ratio		 2.7x Div.
yield		 2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
FRDM tracks the Life + Liberty Freedom 100 Emerging Markets Index. The Index is a freedom-weighted EM equity strategy that uses human and economic freedom metrics as primary factors in the investment selection process.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Empirical Finance LLC
Website etfsite.alphaarchitect.com/frdm/
Inception date May 22, 2019
Assets (mns) $3,274
Currency USD
Expense ratio 49 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 117
Wgt avg mkt cap (mns) $206,194
Large cap (>$10bn) 70.1%
Mid cap ($2-10bn) 21.6%
Small cap (<$2bn) 4.7%
Developed mkts 1.4%
Emerging mkts 98.6%

TOP TEN HOLDINGS
SAMSUNG ELECTRONICS CO LTD 12.6 %
TAIWAN SEMICONDUCTOR-SP ADR 7.5 %
MEDIATEK INC 5.6 %
HYNIX SEMICONDUCTOR INC 4.7 %
DELTA ELECTRONICS INC 3.9 %
LAN AIRLINES SA 3.9 %
BANK PEKAO SA 2.9 %
HON HAI PRECISION INDUSTRY 2.9 %
VALE SA 2.9 %
BANCO DE CHILE 2.5 %
Total 49.6 %

TOP COUNTRY EXPOSURE
TAIWAN 26.4 %
SOUTH KOREA 20.8 %
CHILE 14.1 %
POLAND 9.0 %
BRAZIL 6.8 %
MALAYSIA 4.7 %
SOUTH AFRICA 4.2 %
THAILAND 1.9 %
MEXICO 1.5 %
PHILIPPINES 1.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
42.0% 96.5% 19.2% -- 581.8%

Market Correlations
versus... Beta R-squared
S&P500 1.51 53%
MSCI EAFE 1.34 67%
MSCI Emg. Mkts. 1.17 90%

Technical Indicators
Recent close $66.74
30d moving avg. $67.65
Annualized volatility 17.4%
Short interest (ETF) 0.2%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 402
Turnover 0.8%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $2,833

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 416 potential alternatives to the Freedom 100 Emerging Markets ETF ETF based on the alternatives' overlap in portfolio holdings with FRDM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FRDM Expense: 49 bp ALTAR Score™: 5.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FRDM
Ticker Fund
Name		 Overlap1
vs FRDM
(%)		 Expense
ratio
(bp)		 Savings
vs FRDM
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FRDM
(%)
FTHF First Trust Emerging Markets Human Flourishing ETF 34.0 75 -26 5.8 +0.5
STXE Strive Emerging Markets Ex-China ETF 33.1 32 17 5.2 -0.1
AIA iShares Asia 50 ETF 32.6 50 -1 7.7 +2.4
EMDM First Trust Bloomberg Emerging Market Democracies ETF 31.9 75 -26 6.4 +1.0
EMXC iShares MSCI Emerging Markets ex China ETF 29.4 25 24 5.1 -0.3
ECON Columbia Emerging Markets Consumer ETF 28.7 49 0 6.6 +1.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 28.3 24 25 5.2 -0.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 27.3 35 14 10.0 +4.7
XCEM Columbia EM Core ex-China ETF 26.8 16 33 4.9 -0.4
EMC Global X Emerging Markets Great Consumer ETF 25.8 75 -26 7.1 +1.7
JIVE JPMorgan International Value ETF 24.4 55 -6 8.4 +3.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 24.2 30 19 8.0 +2.7
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 23.4 69 -20 7.4 +2.1
EEM iShares MSCI Emerging Markets ETF 23.3 69 -20 7.8 +2.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 23.2 20 29 7.4 +2.1
EMGF iShares Emerging Markets Equity Factor ETF 23.1 25 24 8.8 +3.5
AGIX KraneShares Artificial Intelligence and Technology ETF 23.0 99 -50 1.0 -4.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 22.3 33 16 6.1 +0.8
JHEM John Hancock Multifactor Emerging Markets ETF 22.0 49 0 7.5 +2.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 21.9 32 17 4.8 -0.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 21.7 70 -21 6.9 +1.6
ESGE iShares ESG Aware MSCI EM ETF 21.5 25 24 8.3 +2.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 21.5 32 17 7.4 +2.1
EWY iShares MSCI South Korea ETF 20.8 58 -9 3.2 -2.1
FLKR Franklin FTSE South Korea ETF 20.8 9 40 4.3 -1.1
IEMG iShares Core MSCI Emerging Markets ETF 20.6 9 40 8.2 +2.9
EMXF iShares ESG Advanced MSCI EM ETF 20.5 16 33 6.7 +1.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 20.4 30 19 7.6 +2.3
AVSE Avantis Responsible Emerging Markets Equity ETF 20.3 33 16 6.6 +1.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 19.8 15 34 8.0 +2.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 19.8 33 16 6.7 +1.4
JADE JPMorgan Active Developing Markets Equity ETF 19.8 65 -16 6.1 +0.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 19.6 66 -17 7.2 +1.8
UMMA Wahed Dow Jones Islamic World ETF 19.2 65 -16 3.5 -1.8
AVEM Avantis Emerging Markets Equity ETF 19.2 33 16 7.0 +1.7
EEMA iShares MSCI Emerging Markets Asia ETF 19.1 49 0 7.5 +2.2
BKEM BNY Mellon Emerging Markets Equity ETF 19.0 11 38 7.9 +2.6
GMF SPDR S&P Emerging Asia Pacific ETF 18.3 49 0 8.6 +3.3
DFAE Dimensional Emerging Core Equity Market ETF 18.3 35 14 7.0 +1.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 18.3 36 13 7.6 +2.3
PATN Pacer Nasdaq International Patent Leaders ETF 18.1 65 -16 4.0 -1.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 18.0 45 4 8.1 +2.7
DEHP Dimensional Emerging Markets High Profitability ETF 17.8 41 8 4.8 -0.5
EWT iShares MSCI Taiwan ETF 17.8 58 -9 3.0 -2.3
FLTW Franklin FTSE Taiwan ETF 17.7 19 30 3.4 -1.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 17.4 15 34 8.8 +3.5
DEXC Dimensional Emerging Markets ex China Core EquityETF 17.3 53 -4 5.1 -0.3
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 17.1 88 -39 8.4 +3.1
CHPX Global X AI Semiconductor & Quantum ETF 17.0 50 -1 1.6 -3.8
FLAX Franklin FTSE Asia Ex Japan ETF 16.9 19 30 7.1 +1.8
VEXC Vanguard Emerging Markets Ex-China ETF 16.7 7 42 5.7 +0.4
MEM Matthews Emerging Markets Equity Active ETF 16.4 79 -30 8.5 +3.1
EMMF WisdomTree Emerging Markets Multifactor Fund 16.3 48 1 8.4 +3.1
XCNY SPDR S&P Emerging Markets ex-China ETF 16.0 15 34 5.7 +0.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 15.6 50 -1 8.1 +2.7
MINV Matthews Asia Innovators Active ETF 15.5 79 -30 5.1 -0.2
DFEV Dimensional Emerging Markets Value ETF 15.2 43 6 9.4 +4.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 15.0 39 10 13.7 +8.4
LDEM iShares ESG MSCI EM Leaders ETF 14.9 17 32 12.9 +7.5
FDEM Fidelity Emerging Markets Multifactor ETF 14.7 25 24 10.4 +5.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 14.7 38 11 7.0 +1.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 14.4 59 -10 8.6 +3.2
ROAM Hartford Multifactor Emerging Markets ETF 14.0 44 5 7.5 +2.2
ECH iShares MSCI Chile ETF 13.9 58 -9 7.8 +2.4
AIQ Global X Artificial Intelligence & Technology ETF 13.5 68 -19 2.7 -2.7
XC WisdomTree Emerging Markets Ex-China Fund 13.5 32 17 6.6 +1.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 13.4 40 9 6.3 +1.0
VPL Vanguard FTSE Pacific ETF 13.4 7 42 5.3 -0.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 13.0 25 24 6.2 +0.8
PXH Invesco FTSE RAFI Emerging Markets ETF 12.8 49 0 13.4 +8.1
CGGO Capital Group Global Growth Equity ETF 12.6 47 2 4.1 -1.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 12.5 41 8 6.9 +1.5
FLLA Franklin FTSE Latin America ETF 12.5 19 30 10.9 +5.6
BAI iShares AI Innovation and Tech Active ETF 12.5 55 -6 0.9 -4.4
SPEM SPDR Portfolio Emerging Markets ETF 12.4 7 42 9.5 +4.1
WTAI WisdomTree Artificial Intelligence and Innovation Fund 12.1 45 4 1.8 -3.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 11.7 95 -46 10.0 +4.7
NXTG First Trust Indxx NextG ETF 11.3 70 -21 3.4 -1.9
GTEK Goldman Sachs Future Tech Leaders Equity ETF 11.1 75 -26 1.7 -3.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 11.0 44 5 9.5 +4.2
VWO Vanguard FTSE Emerging Markets ETF 11.0 7 42 9.2 +3.9
AIVC Amplify Bloomberg AI Value Chain ETF 10.9 59 -10 3.3 -2.0
DEM WisdomTree Emerging Markets High Dividend Fund 10.9 63 -14 10.3 +4.9
SCHE Schwab Emerging Markets Equity ETF 10.8 11 38 9.5 +4.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 10.7 29 20 8.9 +3.6
AIS VistaShares Artificial Intelligence Supercycle ETF 10.6 75 -26 0.9 -4.4
NUEM Nuveen ESG Emerging Markets Equity ETF 10.6 36 13 6.1 +0.8
CARZ First Trust NASDAQ Global Auto Index Fund 10.0 70 -21 2.2 -3.1
FDTX Fidelity Disruptive Technology ETF 9.9 50 -1 1.5 -3.8
IMFL Invesco International Developed Dynamic Multifactor ETF 9.9 34 15 5.2 -0.1
FLN First Trust Latin America AlphaDEX Fund 9.9 80 -31 10.4 +5.1
RNEM First Trust Emerging Markets Equity Select ETF 9.7 75 -26 8.2 +2.9
CWI SPDR MSCI ACWI ex-US ETF 9.4 30 19 6.5 +1.2
ABLG Abacus FCF International Leaders ETF 9.0 59 -10 6.4 +1.1
EPOL iShares MSCI Poland ETF 9.0 59 -10 9.1 +3.8
DINT Davis Select International ETF 8.9 55 -6 6.1 +0.8
CGXU Capital Group International Focus Equity ETF 8.7 54 -5 3.8 -1.5
VSGX Vanguard ESG International Stock ETF 8.5 10 39 6.6 +1.3
APIE ActivePassive International Equity ETF 8.3 45 4 6.4 +1.1
FEOE First Eagle Overseas Equity ETF 8.2 79 -30 6.2 +0.9
IXN iShares Global Tech ETF 8.2 41 8 2.6 -2.7
ILF iShares Latin America 40 ETF 8.1 48 1 10.0 +4.6
FDCF Fidelity Disruptive Communications ETF 7.8 50 -1 1.9 -3.5
ACWX iShares MSCI ACWI ex U.S. ETF 7.8 34 15 6.4 +1.0
AVES Avantis Emerging Markets Value ETF 7.6 36 13 8.9 +3.6
FRGN Horizon International Equity ETF 7.5 75 -26 7.8 +2.4
SMH VanEck Semiconductor ETF 7.5 35 14 1.9 -3.4
WUGI AXS Esoterica NextG Economy ETF 7.5 75 -26 1.4 -3.9
JIG JPMorgan International Growth ETF 7.5 55 -6 3.6 -1.7
CHAT Roundhill Generative AI & Technology ETF 7.5 75 -26 3.9 -1.4
VEU Vanguard FTSE All-World ex-US Index Fund 7.4 4 45 6.7 +1.4
FNDF Schwab Fundamental International Large Co. Index ETF 7.1 25 24 7.4 +2.1
DVYE iShares Emerging Markets Dividend ETF 7.1 49 0 17.9 +12.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 7.1 41 8 6.0 +0.7
ADIV SmartETFs Asia Pacific Dividend Builder ETF 7.0 78 -29 9.7 +4.4
BKCI BNY Mellon Concentrated International ETF 6.9 80 -31 4.9 -0.5
VXUS Vanguard Total International Stock ETF 6.9 5 44 6.7 +1.3
IXUS iShares Core MSCI Total International Stock ETF 6.8 7 42 6.6 +1.3
AOTG AOT Growth and Innovation ETF 6.8 75 -26 1.2 -4.1
IQM Franklin Intelligent Machines ETF 6.7 50 -1 1.1 -4.3
VNSE Natixis Vaughan Nelson Select ETF 6.5 80 -31 3.3 -2.1
HFXI IQ FTSE International Equity Currency Neutral ETF 6.3 20 29 5.6 +0.3
EWZ iShares MSCI Brazil ETF 6.3 58 -9 11.2 +5.8
FLBR Franklin FTSE Brazil ETF 6.3 19 30 12.2 +6.9
FEGE First Eagle Global Equity ETF 6.3 79 -30 6.1 +0.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 6.2 18 31 6.4 +1.1
RGEF Rockefeller Global Equity ETF 6.2 55 -6 3.8 -1.5
OSEA Harbor International Compounders ETF 6.2 55 -6 4.3 -1.0
IGPT Invesco AI and Next Gen Software ETF 6.1 60 -11 2.4 -3.0
EDIV SPDR S&P Emerging Markets Dividend ETF 6.0 49 0 9.1 +3.7
IQDF FlexShares International Quality Dividend Index Fund 6.0 47 2 7.6 +2.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.9 80 -31 6.9 +1.6
SCHF Schwab International Equity ETF 5.7 6 43 6.0 +0.6
KNCT Invesco Next Gen Connectivity ETF 5.7 40 9 2.9 -2.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 5.6 47 2 7.2 +1.9
DOL WisdomTree International LargeCap Dividend Fund 5.6 48 1 5.7 +0.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 5.4 30 19 6.4 +1.1
BGDV Bahl & Gaynor Dividend ETF 5.3 45 4 3.9 -1.4
VEA Vanguard FTSE Developed Markets ETF 5.3 3 46 6.0 +0.6
VYMI Vanguard International High Dividend Yield ETF 5.3 17 32 8.1 +2.8
MOTO SmartETFs Smart Transportation & Technology ETF 5.2 68 -19 5.2 -0.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 5.2 45 4 9.7 +4.4
FFOG Franklin Focused Growth ETF 5.2 61 -12 1.6 -3.8
PCGG Polen Capital Global Growth ETF 5.2 85 -36 3.9 -1.4
FMET Fidelity Metaverse ETF 5.2 39 10 4.3 -1.1
DWLD Davis Select Worldwide ETF 5.1 63 -14 6.7 +1.4
IVES Wedbush ETFMG Global Cloud Technology ETF 5.0 68 -19 3.5 -1.8
PIEL Pacer International Export Leaders ETF 4.8 60 -11 4.1 -1.2
TMFG Motley Fool Global Opportunities ETF 4.8 85 -36 3.7 -1.6
JSTC Adasina Social Justice All Cap Global ETF 4.8 89 -40 4.3 -1.0
PICK iShares MSCI Global Metals & Mining Producers ETF 4.7 39 10 8.0 +2.6
DTCR Global X Data Center & Digital Infrastructure ETF 4.7 50 -1 3.2 -2.2
QTUM Defiance Quantum ETF 4.7 40 9 3.5 -1.8
EWM iShares MSCI Malaysia ETF 4.7 50 -1 6.5 +1.1
FEM First Trust Emerging Markets AlphaDEX Fund 4.7 80 -31 9.0 +3.6
WWJD Inspire International ETF 4.7 80 -31 6.4 +1.1
ARTY iShares Future AI & Tech ETF 4.6 47 2 2.4 -3.0
LOGO Alpha Brands Consumption Leaders ETF 4.5 69 -20 2.5 -2.8
GFGF Guru Favorite Stocks ETF Guru Favorite Stocks Fund 4.5 65 -16 3.5 -1.8
ASEA Global X FTSE Southeast Asia ETF 4.4 65 -16 5.5 +0.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 4.4 60 -11 9.2 +3.8
SOXQ Invesco PHLX Semiconductor ETF 4.3 19 30 1.9 -3.4
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 4.2 90 -41 3.7 -1.6
CLNR IQ Cleaner Transport ETF 4.1 45 4 3.9 -1.4
POW VistaShares Electrification Supercycle ETF 4.1 75 -26 2.0 -3.3
GVAL Cambria Global Value ETF 4.1 68 -19 9.0 +3.6
CGDG Capital Group Dividend Growers ETF 4.0 47 2 5.2 -0.1
AFK VanEck Africa Index ETF 4.0 98 -49 11.2 +5.9
OCEN IQ Clean Oceans ETF 3.9 45 4 4.6 -0.8
METV Roundhill Ball Metaverse ETF 3.9 59 -10 8.1 +2.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 3.9 60 -11 10.7 +5.4
RFFC ALPS Active Equity Opportunity ETF 3.9 48 1 3.7 -1.7
VIDI Vident International Equity Strategy ETF 3.8 61 -12 8.1 +2.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.8 45 4 6.8 +1.4
AADR AdvisorShares Dorsey Wright ADR ETF 3.8 110 -61 3.1 -2.3
LIVR Intelligent Livermore ETF 3.8 69 -20 3.0 -2.4
RSHO Tema American Reshoring ETF 3.8 75 -26 3.4 -1.9
SNSR Global X Internet of Things ETF 3.7 68 -19 3.2 -2.1
TDIV First Trust NASDAQ Technology Dividend Index Fund 3.7 50 -1 4.6 -0.8
PRAY FIS Christian Stock Fund 3.7 69 -20 3.9 -1.4
CGIE Capital Group International Equity ETF 3.7 54 -5 4.6 -0.7
BGIG Bahl & Gaynor Income Growth ETF 3.6 45 4 4.5 -0.9
EZA iShares MSCI South Africa ETF 3.6 58 -9 9.3 +4.0
IBAT iShares Energy Storage & Materials ETF 3.6 47 2 1.5 -3.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.5 80 -31 6.7 +1.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 3.5 65 -16 1.4 -4.0
EEMO Invesco S&P Emerging Markets Momentum ETF 3.5 29 20 6.6 +1.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.4 65 -16 7.3 +1.9
EYLD Cambria Emerging Shareholder Yield ETF 3.3 66 -17 9.2 +3.9
SOXX iShares Semiconductor ETF 3.3 35 14 1.9 -3.4
LRGE ClearBridge Large Cap Growth ESG ETF 3.3 59 -10 2.7 -2.7
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.3 67 -18 12.8 +7.5
GKAT Scharf Global Opportunity ETF 3.3 57 -8 5.8 +0.4
ROBO ROBO Global Robotics & Automation Index ETF 3.3 95 -46 2.3 -3.1
XNTK State Street SPDR NYSE Technology ETF 3.1 35 14 2.4 -2.9
DIVS SmartETFs Dividend Builder ETF 3.0 65 -16 4.5 -0.9
BKF iShares MSCI BIC ETF 3.0 69 -20 14.9 +9.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.0 46 3 7.8 +2.5
EPU iShares MSCI Peru and Global Exposure ETF 3.0 59 -10 4.8 -0.5
BLES Inspire Global Hope ETF 2.9 61 -12 5.7 +0.4
ARKQ ARK Autonomous Technology & Robotics ETF 2.9 75 -26 0.9 -4.5
ARVR First Trust Indxx Metaverse ETF 2.9 70 -21 3.6 -1.7
DARP Grizzle Growth ETF 2.9 75 -26 1.6 -3.7
ACWI iShares MSCI ACWI ETF 2.8 32 17 4.6 -0.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.8 9 40 4.9 -0.5
CGGR Capital Group Growth ETF 2.8 39 10 2.6 -2.8
SFYF SoFi Social 50 ETF 2.8 29 20 0.8 -4.6
VUSG Vanguard Wellington U.S. Growth Active ETF 2.8 35 14 2.5 -2.9
DWX SPDR S&P International Dividend ETF 2.8 45 4 6.8 +1.5
JGLO JPMorgan Global Select Equity ETF 2.7 33 16 4.3 -1.0
TIIV AAM Todd International Intrinsic Value ETF 2.6 54 -5 9.7 +4.4
OAIM OneAscent International Equity ETF 2.6 95 -46 4.7 -0.7
FSST Fidelity Sustainable U.S. Equity ETF 2.6 59 -10 3.4 -1.9
VT Vanguard Total World Stock ETF 2.6 6 43 5.0 -0.3
IOO iShares Global 100 ETF 2.5 41 8 3.8 -1.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.5 20 29 4.7 -0.6
BRAZ Global X Brazil Active ETF 2.5 75 -26 10.8 +5.5
GLOF iShares Global Equity Factor ETF 2.3 20 29 5.6 +0.2
IDOG ALPS International Sector Dividend Dogs ETF 2.2 50 -1 9.2 +3.9
OTGL OTG Latin America ETF 2.2 269 -220 7.9 +2.6
GVIP Goldman Sachs Hedge Industry VIP ETF 2.2 45 4 2.4 -3.0
RFDA RiverFront Dynamic US Dividend Advantage ETF 2.1 52 -3 5.1 -0.3
CGDV Capital Group Dividend Value ETF 2.1 33 16 3.8 -1.5
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.1 45 4 -0.9 -6.3
GINX SGI Enhanced Global Income ETF 2.1 98 -49 6.7 +1.3
WRND IQ Global Equity R&D Leaders ETF 2.1 18 31 4.0 -1.3
SPDW SPDR Portfolio Developed World ex-US ETF 2.0 3 46 5.8 +0.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.0 12 37 4.4 -0.9
ARKW ARK Next Generation Internet ETF 2.0 87 -38 0.7 -4.7
CGUS Capital Group Core Equity ETF 2.0 33 16 3.6 -1.8
CIL VictoryShares International Volatility Wtd ETF 2.0 45 4 5.8 +0.5
IDHQ Invesco S&P International Developed High Quality ETF 2.0 29 20 5.4 +0.1
LOWV AB US Low Volatility Equity ETF 2.0 48 1 4.3 -1.0
SWP SWP Growth & Income ETF 1.9 99 -50 4.2 -1.2
FCLD Fidelity Cloud Computing ETF 1.9 39 10 3.0 -2.4
NETZ TCW Transform Systems ETF 1.8 75 -26 1.3 -4.0
DGT State Street SPDR Global Dow ETF 1.8 50 -1 5.7 +0.3
KOCG FIS Knights of Columbus Global Belief ETF 1.8 75 -26 4.4 -0.9
IGRO iShares International Dividend Growth ETF 1.8 15 34 6.8 +1.4
FFLC Fidelity Fundamental Large Cap Core ETF 1.7 38 11 3.9 -1.5
YNOT Horizon Digital Frontier ETF 1.7 75 -26 2.5 -2.8
BLOK Amplify Transformational Data Sharing ETF 1.7 75 -26 -0.1 -5.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.7 47 2 5.0 -0.4
JPIN J.P. Morgan Diversified Return International Equity ETF 1.7 37 12 7.2 +1.8
HAP VanEck Natural Resources ETF 1.6 50 -1 6.8 +1.4
ACWV iShares MSCI Global Min Vol Factor ETF 1.6 20 29 5.7 +0.4
AQLT iShares MSCI Global Quality Factor ETF 1.6 18 31 0.0 -5.3
LRGC AB US Large Cap Strategic Equities ETF 1.6 48 1 3.8 -1.5
EXI iShares Global Industrials ETF 1.5 42 7 3.6 -1.7
KLMT Invesco MSCI Global Climate 500 ETF 1.5 10 39 5.0 -0.4
BWEB Bitwise Web3 ETF 1.5 85 -36 -0.1 -5.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.4 58 -9 8.4 +3.1
EWW iShares MSCI Mexico ETF 1.4 50 -1 8.4 +3.0
FLMX Franklin FTSE Mexico ETF 1.4 19 30 8.8 +3.4
BRIF FIS Bright Portfolios Focused Equity ETF 1.4 65 -16 3.4 -2.0
FBCG Fidelity Blue Chip Growth ETF 1.4 59 -10 2.1 -3.2
JGRO JPMorgan Active Growth ETF 1.3 44 5 2.4 -2.9
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.3 58 -9 7.1 +1.7
EPHE iShares MSCI Philippines ETF 1.3 59 -10 0.0 -5.3
XT iShares Exponential Technologies ETF 1.3 46 3 3.8 -1.5
IPAV Global X Infrastructure Development ex-U.S. ETF 1.3 55 -6 5.7 +0.4
FFND Future Fund Active ETF 1.3 100 -51 4.3 -1.0
PBD Invesco Global Clean Energy ETF 1.3 75 -26 0.2 -5.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.2 42 7 4.1 -1.3
SDIV Global X Superdividend ETF 1.2 58 -9 13.8 +8.5
UIVM VictoryShares International Value Momentum ETF 1.2 35 14 8.2 +2.9
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.2 10 39 8.6 +3.3
RXI iShares Global Consumer Discretionary ETF 1.2 41 8 8.2 +2.9
GINN Goldman Sachs Innovate Equity ETF 1.2 52 -3 3.7 -1.6
YLDE ClearBridge Dividend Strategy ESG ETF 1.2 60 -11 5.2 -0.1
IXG iShares Global Financials ETF 1.1 42 7 6.3 +1.0
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.1 61 -12 1.5 -3.8
GMET VanEck Green Metals ETF 1.1 63 -14 0.5 -4.8
GURU Global X Guru Index ETF 1.1 75 -26 2.4 -2.9
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.1 70 -21 9.5 +4.2
ARKX ARK Space Exploration & Innovation ETF 1.1 75 -26 -0.0 -5.4
TMAT Main Thematic Innovation ETF 1.1 164 -115 -1.9 -7.3
FFTY Innovator IBD 50 ETF 1.0 80 -31 -0.0 -5.4
SCHY Schwab International Dividend Equity ETF 1.0 14 35 8.5 +3.1
RCGE RockCreek Global Equality ETF 1.0 95 -46 6.2 +0.8
TIME Clockwise Core Equity & Innovation ETF 1.0 95 -46 2.1 -3.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.0 49 0 6.1 +0.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.0 70 -21 6.5 +1.2
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.9 61 -12 -0.7 -6.1
DSTX Distillate International Fundamental Stability & Value ETF 0.9 55 -6 6.7 +1.3
ARKK ARK Innovation ETF 0.9 75 -26 -3.0 -8.3
TPIF Timothy Plan International ETF 0.9 62 -13 5.6 +0.3
CCNR ALPS CoreCommodity Natural Resources ETF 0.9 39 10 8.1 +2.8
DEW WisdomTree Global High Dividend Fund 0.9 58 -9 7.2 +1.9
SRVR Pacer Data & Infrastructure Real Estate ETF 0.9 55 -6 3.7 -1.6
ARGT Global X MSCI Argentina ETF 0.9 59 -10 3.3 -2.1
BINV Brandes International ETF 0.8 70 -21 8.6 +3.3
GEW Cambria Global EW ETF 0.8 29 20 5.4 +0.1
GDX VanEck Gold Miners ETF 0.8 51 -2 3.2 -2.2
TTAI FCF International Quality ETF 0.8 59 -10 6.8 +1.5
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.8 42 7 7.6 +2.3
AGQI First Trust Active Global Quality Income ETF 0.8 85 -36 6.5 +1.1
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 0.8 60 -11 6.6 +1.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.8 39 10 6.8 +1.5
HUMN Roundhill Humanoid Robotics ETF 0.7 75 -26 1.1 -4.2
BNGE First Trust S-Network Streaming and Gaming ETF 0.7 70 -21 3.1 -2.2
ESPO VanEck Video Gaming and eSports ETF 0.7 56 -7 6.7 +1.4
HERO Global X Video Games & Esports ETF 0.7 50 -1 6.0 +0.7
NERD Roundhill Video Games ETF 0.7 50 -1 8.1 +2.8
OND ProShares On-Demand ETF 0.7 58 -9 0.5 -4.8
ODDS Pacer BlueStar Digital Entertainment ETF 0.7 60 -11 4.7 -0.6
EIDO iShares MSCI Indonesia ETF 0.7 59 -10 12.0 +6.7
IDX VanEck Indonesia Index ETF 0.7 57 -8 11.0 +5.7
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.7 12 37 8.8 +3.4
RWX SPDR Dow Jones International Real Estate ETF 0.7 59 -10 7.4 +2.1
COLO Global X MSCI Colombia ETF 0.7 62 -13 16.2 +10.9
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.7 80 -31 12.2 +6.9
FBCV Fidelity Blue Chip Value ETF 0.7 59 -10 5.8 +0.5
ABLD Abacus FCF Real Assets Leaders ETF 0.7 69 -20 6.7 +1.4
SCHC Schwab International Small-Cap Equity ETF 0.7 11 38 6.7 +1.3
OBOR KraneShares MSCI One Belt One Road Index ETF 0.7 79 -30 7.5 +2.2
BATT Amplify Lithium & Battery Technology ETF 0.7 59 -10 1.9 -3.5
ION ProShares S&P Global Core Battery Metals ETF 0.6 58 -9 5.9 +0.5
CGW Invesco S&P Global Water Index ETF 0.6 57 -8 4.6 -0.7
PIO Invesco Global Water ETF 0.6 75 -26 4.5 -0.9
EFRA iShares Environmental Infrastructure and Industrials ETF 0.6 47 2 5.1 -0.3
QUVU Hartford Quality Value ETF 0.6 46 3 5.6 +0.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.6 65 -16 7.8 +2.5
GNR SPDR S&P Global Natural Resources ETF 0.6 40 9 8.6 +3.2
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 0.6 60 -11 2.4 -2.9
SGDM Sprott Gold Miners ETF 0.6 50 -1 3.1 -2.2
AUMI Themes Gold Miners ETF 0.6 35 14 3.6 -1.7
AUAU Global X Gold Miners ETF 0.6 35 14 2.8 -2.6
JXI iShares Global Utilities ETF 0.6 43 6 5.2 -0.2
WGMI Valkyrie Bitcoin Miners ETF 0.6 75 -26 -2.5 -7.8
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.5 58 -9 3.4 -2.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.5 8 41 6.3 +1.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.5 24 25 6.9 +1.6
NANC Unusual Whales Subversive Democratic Trading ETF 0.5 75 -26 2.9 -2.4
FPAG FPA Global Equity ETF 0.5 49 0 5.8 +0.5
MXI iShares Global Materials ETF 0.5 41 8 6.0 +0.6
ICOP iShares Copper and Metals Mining ETF 0.5 47 2 5.6 +0.3
ANEW ProShares MSCI Transformational Changes ETF 0.5 45 4 4.4 -0.9
ICLN iShares Global Clean Energy ETF 0.4 41 8 1.7 -3.7
ERTH Invesco MSCI Sustainable Future ETF 0.4 62 -13 3.0 -2.3
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.4 80 -31 3.6 -1.8
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.4 70 -21 3.8 -1.6
FPXI First Trust International Equity Opportunities ETF 0.4 70 -21 3.7 -1.7
CGV Conductor Global Equity Value ETF 0.4 130 -81 7.7 +2.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.4 86 -37 13.4 +8.0
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.4 86 -37 0.3 -5.0
WSGE Warren Street Global Equity ETF 0.4 80 -31 2.9 -2.5
SHPP Pacer Industrials and Logistics ETF 0.4 60 -11 6.6 +1.2
TRFM AAM Transformers ETF 0.4 49 0 1.0 -4.4
URA Global X Uranium ETF 0.4 69 -20 0.9 -4.5
TNUK Tortoise Nuclear Renaissance ETF 0.4 75 -26 0.8 -4.5
IXJ iShares Global Healthcare ETF 0.4 42 7 6.3 +1.0
FDNI First Trust Dow Jones International Internet ETF 0.3 65 -16 24.7 +19.4
ISHP First Trust Nasdaq Retail ETF 0.3 60 -11 5.5 +0.2
IXP iShares Global Comm Services ETF 0.3 42 7 5.7 +0.3
SOCL Global X Social Media ETF 0.3 65 -16 12.5 +7.2
VIGI Vanguard International Dividend Appreciation ETF 0.3 10 39 6.1 +0.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.3 56 -7 9.8 +4.4
GCOW Pacer Global Cash Cows Dividend ETF 0.3 60 -11 9.4 +4.0
IDV iShares International Select Dividend ETF 0.3 51 -2 9.1 +3.8
SLVP iShares MSCI Global Silver Miners ETF 0.3 39 10 4.4 -0.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 10 7.0 +1.7
KXI iShares Global Consumer Staples ETF 0.3 41 8 5.3 +0.0
AGNG Global X Aging Population ETF 0.3 50 -1 4.4 -1.0
VGK Vanguard FTSE Europe ETF 0.3 6 43 6.6 +1.3
SPEU SPDR Portfolio Europe ETF 0.3 7 42 6.5 +1.2
CUT Invesco MSCI Global Timber ETF 0.2 61 -12 8.6 +3.3
WOOD iShares Global Timber & Forestry ETF 0.2 42 7 11.7 +6.4
SHLD Global X Defense Tech ETF 0.2 50 -1 3.1 -2.3
IQSI IQ Candriam International Equity ETF 0.2 15 34 5.6 +0.3
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 -11 4.4 -0.9
INTF iShares International Equity Factor ETF 0.2 15 34 6.5 +1.2
JETS U.S. Global Jets ETF 0.2 60 -11 2.5 -2.8
RWO SPDR Dow Jones Global Real Estate ETF 0.2 50 -1 6.3 +1.0
GDXJ VanEck Junior Gold Miners ETF 0.2 52 -3 3.2 -2.1
HART IQ Healthy Hearts ETF 0.2 45 4 5.8 +0.5
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 40 6.2 +0.9
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 24 5.5 +0.2
DRIV Global X Autonomous & Electric Vehicles ETF 0.2 68 -19 2.9 -2.4
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.2 39 10 0.9 -4.4
IDRV iShares Self-driving EV & Tech ETF 0.2 47 2 1.3 -4.1
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.2 72 -23 2.2 -3.1
LIT Global X Lithium & Battery Tech ETF 0.2 75 -26 5.0 -0.4
SDG iShares MSCI Global Sustainable Development Goals ETF 0.2 49 0 4.5 -0.9
SMOG VanEck Low Carbon Energy ETF 0.2 61 -12 1.2 -4.1
EV Mast Global Battery Recycling & Production ETF 0.2 65 -16 6.3 +1.0
ICPY Tweedy, Browne International Insider Value ETF 0.2 80 -31 21.5 +16.2
COPY Tweedy, Browne Insider + Value ETF 0.2 80 -31 14.9 +9.6
RING iShares MSCI Global Gold Miners ETF 0.2 39 10 3.8 -1.6
FLEE Franklin FTSE Europe ETF 0.2 9 40 6.3 +1.0
IQRA IQ CBRE Real Assets ETF 0.1 65 -16 5.9 +0.5
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 29 5.9 +0.6
SIL Global X Silver Miners ETF 0.1 65 -16 1.9 -3.4
SILJ ETFMG Prime Junior Silver Miners ETF 0.1 69 -20 0.5 -4.8
AGMI Themes Silver Miners ETF 0.1 35 14 4.3 -1.1
BKIE BNY Mellon International Equity ETF 0.1 4 45 6.0 +0.7
HELX Franklin Genomic Advancements ETF 0.1 50 -1 -1.4 -6.7
GOEX Global X Gold Explorers ETF 0.1 65 -16 2.5 -2.9
EMIF iShares Emerging Markets Infrastructure ETF 0.1 60 -11 2.9 -2.5
GII SPDR S&P Global Infrastructure ETF 0.1 40 9 4.3 -1.0
IGF iShares Global Infrastructure ETF 0.1 41 8 4.2 -1.1
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 3 5.0 -0.3
GPT Intelligent Alpha Atlas ETF 0.1 69 -20 6.1 +0.8
MOO VanEck Agribusiness ETF 0.0 53 -4 9.2 +3.9
VEGI iShares MSCI Agriculture Producers ETF 0.0 39 10 7.7 +2.3
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 40 6.6 +1.3
AVSD Avantis Responsible International Equity ETF 0.0 23 26 6.0 +0.6
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 7 4.0 -1.3
AVDE Avantis International Equity ETF 0.0 23 26 6.2 +0.9
DFIV Dimensional International Value ETF 0.0 27 22 7.8 +2.5
DFAI Dimensional International Core Equity Market ETF 0.0 18 31 6.1 +0.7
DFIC Dimensional International Core Equity 2 ETF 0.0 23 26 6.3 +0.9
DIHP Dimensional International High Profitability ETF 0.0 29 20 5.8 +0.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -16 6.5 +1.1
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 0.0 65 -16 0.0 -5.3
EBI Longview Advantage ETF 0.0 35 14 5.9 +0.6

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:		 Freedom 100 Emerging Markets 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 15.0 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 5.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.54 CATEGORY
AVERAGE		 1.53
 
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.