First Trust Bloomberg Emerging Market Democracies ETF
ALTAR
Score™		 10.3% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 10.0x P/Sales
ratio		 1.3x
P/BV
ratio		 1.5x Div.
yield		 3.7%


  • 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) $8
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) $125,985
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 10.4 %
NASPERS LTD-N SHS 6.8 %
SAMSUNG ELECTRONICS CO LTD 6.2 %
GRUPO MEXICO S.A.B. DE C.V. CLASS 4.2 %
PKO BANK POLSKI SA 3.9 %
PETROBRAS - PETROLEO BRAS-PR 3.4 %
FIRSTRAND LTD 3.3 %
OTP BANK PLC 3.2 %
STANDARD BANK GROUP LTD 2.9 %
GRUPO FINANCIERO BANORTE-O 2.7 %
Total 47.0 %

TOP COUNTRY EXPOSURE
SOUTH AFRICA 15.0 %
TAIWAN 15.0 %
BRAZIL 14.5 %
INDIA 13.8 %
SOUTH KOREA 13.6 %
MEXICO 12.3 %
POLAND 8.3 %
HUNGARY 3.2 %
PHILIPPINES 1.3 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
2.2% -3.2% -- -- 3.0%

Market Correlations
versus... Beta R-squared
S&P500 0.89 49%
MSCI EAFE 0.86 60%
MSCI Emg. Mkts. 1.09 79%

Technical Indicators
Recent close $21.74
30d moving avg. $21.69
Annualized volatility 15.9%
Short interest (ETF) 0.2%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $4,190

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 280 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™: 10.3%


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
(%)
STXE Strive Emerging Markets Ex-China ETF 49.2 32 43 8.2 -2.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 43.8 24 51 8.3 -1.9
EMXC iShares MSCI Emerging Markets ex China ETF 42.4 25 50 8.0 -2.3
FTHF First Trust Emerging Markets Human Flourishing ETF 42.3 75 0 9.8 -0.4
XC WisdomTree Emerging Markets Ex-China Fund 37.2 32 43 5.5 -4.8
XCEM Columbia EM Core ex-China ETF 36.8 16 59 8.5 -1.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 34.7 15 60 8.6 -1.7
EEMA iShares MSCI Emerging Markets Asia ETF 34.2 49 26 10.7 +0.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 33.9 30 45 10.6 +0.3
EEM iShares MSCI Emerging Markets ETF 33.2 69 6 10.7 +0.5
XCNY SPDR S&P Emerging Markets ex-China ETF 33.1 15 60 0.0 -10.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 32.8 70 5 9.8 -0.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 32.1 66 9 10.2 -0.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 32.1 32 43 9.6 -0.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 32.0 33 42 10.6 +0.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 31.7 15 60 10.8 +0.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 31.6 20 55 11.3 +1.0
BKEM BNY Mellon Emerging Markets Equity ETF 31.4 11 64 11.8 +1.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 30.9 36 39 11.2 +0.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 30.7 32 43 7.0 -3.3
ESGE iShares ESG Aware MSCI EM ETF 29.5 25 50 10.7 +0.4
ECON Columbia Emerging Markets Consumer ETF 29.4 49 26 12.9 +2.7
FLAX Franklin FTSE Asia Ex Japan ETF 29.3 19 56 10.8 +0.6
JHEM John Hancock Multifactor Emerging Markets ETF 29.0 49 26 10.5 +0.3
EMGF iShares Emerging Markets Equity Factor ETF 28.8 25 50 12.4 +2.2
IEMG iShares Core MSCI Emerging Markets ETF 28.6 9 66 10.9 +0.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 28.0 45 30 11.0 +0.8
SCHE Schwab Emerging Markets Equity ETF 26.8 11 64 11.6 +1.3
AIA iShares Asia 50 ETF 25.5 50 25 14.7 +4.4
VWO Vanguard FTSE Emerging Markets ETF 24.9 8 67 10.9 +0.6
FRDM Freedom 100 Emerging Markets ETF 24.6 49 26 9.1 -1.2
PXH Invesco FTSE RAFI Emerging Markets ETF 24.3 49 26 16.7 +6.4
FLLA Franklin FTSE Latin America ETF 24.1 19 56 13.5 +3.2
DFAE Dimensional Emerging Core Equity Market ETF 24.0 35 40 10.2 -0.1
FDEM Fidelity Emerging Markets Multifactor ETF 23.4 25 50 13.5 +3.3
EEMO Invesco S&P Emerging Markets Momentum ETF 23.1 29 46 6.2 -4.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 23.0 39 36 16.9 +6.7
NUEM Nuveen ESG Emerging Markets Equity ETF 22.9 36 39 8.1 -2.1
LDEM iShares ESG MSCI EM Leaders ETF 22.7 17 58 12.9 +2.6
EMXF iShares ESG Advanced MSCI EM ETF 22.5 16 59 8.4 -1.8
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 21.9 88 -13 10.3 +0.0
SPEM SPDR Portfolio Emerging Markets ETF 21.4 7 68 10.9 +0.7
MINV Matthews Asia Innovators Active ETF 20.6 79 -4 7.7 -2.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 20.3 30 45 9.3 -0.9
EMMF WisdomTree Emerging Markets Multifactor Fund 20.1 48 27 7.8 -2.5
MEM Matthews Emerging Markets Equity Active ETF 19.2 79 -4 8.5 -1.8
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 18.9 40 35 5.6 -4.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 18.7 59 16 13.7 +3.4
RNEM First Trust Emerging Markets Equity Select ETF 18.6 75 0 1.0 -9.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 18.6 95 -20 13.1 +2.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 18.3 38 37 9.9 -0.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 17.3 50 25 11.6 +1.3
FLN First Trust Latin America AlphaDEX Fund 17.1 80 -5 10.6 +0.3
DEHP Dimensional Emerging Markets High Profitability ETF 17.0 41 34 6.5 -3.7
PATN Pacer Nasdaq International Patent Leaders ETF 16.6 65 10 4.0 -6.3
BKF iShares MSCI BIC ETF 16.5 69 6 13.0 +2.7
FLTW Franklin FTSE Taiwan ETF 15.4 19 56 7.0 -3.3
EWT iShares MSCI Taiwan ETF 15.4 58 17 6.8 -3.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 15.1 41 34 9.4 -0.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 15.0 44 31 11.0 +0.8
ROAM Hartford Multifactor Emerging Markets ETF 14.8 44 31 11.3 +1.0
ILF iShares Latin America 40 ETF 14.7 48 27 13.5 +3.2
EVLU iShares MSCI Emerging Markets Value Factor ETF 13.9 35 40 21.6 +11.3
GMF SPDR S&P Emerging Asia Pacific ETF 13.7 49 26 10.0 -0.2
EWY iShares MSCI South Korea ETF 13.4 58 17 10.5 +0.2
FLKR Franklin FTSE South Korea ETF 13.2 9 66 11.2 +0.9
DFEV Dimensional Emerging Markets Value ETF 13.1 43 32 14.5 +4.2
FLBR Franklin FTSE Brazil ETF 13.0 19 56 15.3 +5.1
INDA iShares MSCI India ETF 13.0 65 10 4.3 -6.0
EMM Global X Emerging Markets ex-China ETF 12.9 75 0 5.0 -5.3
NFTY First Trust India NIFTY 50 Equal Weight ETF 12.9 80 -5 4.8 -5.4
AVEM Avantis Emerging Markets Equity ETF 12.8 33 42 9.7 -0.6
INDY iShares India 50 ETF 12.6 89 -14 4.6 -5.6
FLMX Franklin FTSE Mexico ETF 12.5 19 56 9.9 -0.4
EWW iShares MSCI Mexico ETF 12.5 50 25 9.6 -0.6
AFK VanEck Africa Index ETF 12.4 98 -23 12.6 +2.3
EWZ iShares MSCI Brazil ETF 12.4 58 17 13.7 +3.4
KNCT Invesco Next Gen Connectivity ETF 12.3 40 35 5.1 -5.2
PIN Invesco India ETF 12.0 78 -3 4.3 -6.0
FLIN Franklin FTSE India ETF 11.8 19 56 3.9 -6.4
EPI WisdomTree India Earnings Fund 11.1 85 -10 4.7 -5.6
ACWX iShares MSCI ACWI ex U.S. ETF 9.8 34 41 8.1 -2.1
FBZ First Trust Brazil AlphaDEX Fund 9.8 80 -5 13.4 +3.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 9.8 25 50 6.5 -3.8
VSGX Vanguard ESG International Stock ETF 9.6 12 63 8.2 -2.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 9.3 18 57 8.1 -2.2
AVES Avantis Emerging Markets Value ETF 9.3 36 39 12.2 +1.9
DEM WisdomTree Emerging Markets High Dividend Fund 9.2 63 12 13.6 +3.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.9 41 34 7.1 -3.2
VEU Vanguard FTSE All-World ex-US Index Fund 8.8 8 67 8.5 -1.8
IVES Wedbush ETFMG Global Cloud Technology ETF 8.7 68 7 9.3 -1.0
AIVC Amplify Bloomberg AI Value Chain ETF 8.7 59 16 8.6 -1.7
EZA iShares MSCI South Africa ETF 8.6 58 17 10.9 +0.6
IXUS iShares Core MSCI Total International Stock ETF 8.5 7 68 8.3 -2.0
EPOL iShares MSCI Poland ETF 8.5 59 16 11.6 +1.3
VXUS Vanguard Total International Stock ETF 8.3 7 68 8.3 -2.0
IXN iShares Global Tech ETF 7.6 41 34 4.5 -5.8
EMC Global X Emerging Markets Great Consumer ETF 7.3 75 0 8.5 -1.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 7.3 29 46 8.7 -1.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 7.3 47 28 9.0 -1.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 7.1 45 30 11.1 +0.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 7.0 42 33 6.8 -3.5
IQDF FlexShares International Quality Dividend Index Fund 6.7 47 28 9.5 -0.7
FEM First Trust Emerging Markets AlphaDEX Fund 6.7 80 -5 13.8 +3.6
CGXU Capital Group International Focus Equity ETF 6.5 54 21 5.9 -4.4
IWTR iShares MSCI Water Management Multisector ETF 6.3 47 28 6.5 -3.8
CARZ First Trust NASDAQ Global Auto Index Fund 6.3 70 5 6.0 -4.3
CHAT Roundhill Generative AI & Technology ETF 6.2 75 0 14.8 +4.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 6.2 60 15 13.3 +3.0
ICOP iShares Copper and Metals Mining ETF 6.2 47 28 10.0 -0.3
FBOT Fidelity Disruptive Automation ETF 6.1 50 25 4.0 -6.3
WWJD Inspire International ETF 6.0 80 -5 7.6 -2.7
DVYE iShares Emerging Markets Dividend ETF 5.9 49 26 18.9 +8.6
WRND IQ Global Equity R&D Leaders ETF 5.9 18 57 7.9 -2.4
JIG JPMorgan International Growth ETF 5.9 55 20 4.8 -5.5
VPL Vanguard FTSE Pacific ETF 5.5 8 67 7.7 -2.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 5.5 90 -15 8.4 -1.9
VYMI Vanguard International High Dividend Yield ETF 5.5 22 53 10.0 -0.3
FMET Fidelity Metaverse ETF 5.4 39 36 5.1 -5.2
NDIA Global X India Active ETF 5.3 75 0 4.7 -5.6
DSTX Distillate International Fundamental Stability & Value ETF 5.2 55 20 8.4 -1.9
CWI SPDR MSCI ACWI ex-US ETF 5.0 30 45 8.2 -2.1
EYLD Cambria Emerging Shareholder Yield ETF 5.0 66 9 13.1 +2.8
WTAI WisdomTree Artificial Intelligence and Innovation Fund 4.9 45 30 3.5 -6.8
AGQI First Trust Active Global Quality Income ETF 4.8 85 -10 6.6 -3.7
INDF Nifty India Financials ETF 4.8 75 0 6.6 -3.7
AIQ Global X Artificial Intelligence & Technology ETF 4.6 68 7 4.7 -5.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 4.5 30 45 8.6 -1.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 4.5 80 -5 9.7 -0.6
NXTG First Trust Indxx NextG ETF 4.4 70 5 5.8 -4.5
IMFL Invesco International Developed Dynamic Multifactor ETF 4.4 34 41 6.2 -4.1
FDNI First Trust Dow Jones International Internet ETF 4.3 65 10 19.5 +9.2
KLMT Invesco MSCI Global Climate 500 ETF 4.3 10 65 6.1 -4.2
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 4.2 85 -10 8.0 -2.3
GMET VanEck Green Metals ETF 4.2 63 12 10.8 +0.5
PICK iShares MSCI Global Metals & Mining Producers ETF 4.2 39 36 14.1 +3.9
DINT Davis Select International ETF 4.2 55 20 8.3 -2.0
CLNR IQ Cleaner Transport ETF 3.7 45 30 7.3 -3.0
ACWV iShares MSCI Global Min Vol Factor ETF 3.7 20 55 7.6 -2.7
DTCR Global X Data Center & Digital Infrastructure ETF 3.6 50 25 1.7 -8.5
BATT Amplify Lithium & Battery Technology ETF 3.6 59 16 3.8 -6.5
ACWI iShares MSCI ACWI ETF 3.5 32 43 6.1 -4.2
VIGI Vanguard International Dividend Appreciation ETF 3.5 15 60 6.2 -4.1
GVAL Cambria Global Value ETF 3.5 68 7 11.3 +1.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.4 20 55 6.3 -4.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.3 75 0 3.5 -6.8
DWLD Davis Select Worldwide ETF 3.3 63 12 8.5 -1.8
FNDF Schwab Fundamental International Large Co. Index ETF 3.3 25 50 10.1 -0.1
RODE Hartford Multifactor Diversified International ETF 3.2 29 46 9.9 -0.4
UMMA Wahed Dow Jones Islamic World ETF 3.2 65 10 5.3 -5.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.2 70 5 15.8 +5.5
BLES Inspire Global Hope ETF 3.2 61 14 6.9 -3.4
VT Vanguard Total World Stock ETF 3.1 7 68 6.4 -3.9
ISHP First Trust Nasdaq Retail ETF 3.0 60 15 5.5 -4.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.0 46 29 10.4 +0.2
XT iShares Exponential Technologies ETF 3.0 46 29 5.5 -4.8
GLIN VanEck India Growth Leaders ETF 2.9 77 -2 6.4 -3.9
DEW WisdomTree Global High Dividend Fund 2.8 58 17 7.7 -2.5
HFXI IQ FTSE International Equity Currency Neutral ETF 2.8 20 55 7.4 -2.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.7 65 10 12.2 +1.9
FILL iShares MSCI Global Energy Producers ETF 2.7 39 36 11.4 +1.2
VIDI Vident International Equity Strategy ETF 2.7 61 14 12.0 +1.7
OAIM OneAscent International Equity ETF 2.7 95 -20 6.2 -4.1
FDTX Fidelity Disruptive Technology ETF 2.6 50 25 3.0 -7.2
INCO Columbia India Consumer ETF 2.5 75 0 1.8 -8.5
METV Roundhill Ball Metaverse ETF 2.5 59 16 8.3 -2.0
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.4 65 10 3.5 -6.8
AIS VistaShares Artificial Intelligence Supercycle ETF 2.4 75 0 4.6 -5.6
GLOF iShares Global Equity Factor ETF 2.4 20 55 7.0 -3.3
JSTC Adasina Social Justice All Cap Global ETF 2.4 89 -14 4.5 -5.8
IGRO iShares International Dividend Growth ETF 2.4 15 60 7.3 -3.0
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.3 67 8 13.3 +3.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.3 60 15 8.0 -2.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.3 12 63 5.2 -5.1
IDOG ALPS International Sector Dividend Dogs ETF 2.3 50 25 12.3 +2.0
FDD First Trust Stoxx European Select Dividend Index Fund 2.3 58 17 12.4 +2.2
CRAK VanEck Oil Refiners ETF 2.3 61 14 15.4 +5.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.3 65 10 8.6 -1.7
SCHF Schwab International Equity ETF 2.2 6 69 7.7 -2.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.2 45 30 9.3 -0.9
COPY Tweedy, Browne Insider + Value ETF 2.0 80 -5 12.6 +2.4
VEA Vanguard FTSE Developed Markets ETF 2.0 5 70 7.6 -2.7
IGPT Invesco AI and Next Gen Software ETF 2.0 60 15 4.9 -5.4
LOUP Innovator Deepwater Frontier Tech ETF 2.0 70 5 1.8 -8.5
SDIV Global X Superdividend ETF 1.9 58 17 13.9 +3.6
UIVM VictoryShares International Value Momentum ETF 1.9 35 40 9.5 -0.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.8 80 -5 10.0 -0.3
MOTG VanEck Morningstar Global Wide Moat ETF 1.8 52 23 6.7 -3.6
JPIN J.P. Morgan Diversified Return International Equity ETF 1.7 37 38 8.9 -1.4
MXI iShares Global Materials ETF 1.7 41 34 8.1 -2.2
TPIF Timothy Plan International ETF 1.7 62 13 6.5 -3.7
ARTY iShares Future AI & Tech ETF 1.7 47 28 4.1 -6.2
BRAZ Global X Brazil Active ETF 1.6 75 0 13.1 +2.8
RGEF Rockefeller Global Equity ETF 1.6 55 20 5.2 -5.0
DGIN VanEck Digital India ETF 1.6 71 4 2.0 -8.3
JGLO JPMorgan Global Select Equity ETF 1.6 33 42 5.1 -5.2
DGT SPDR Global Dow ETF 1.5 50 25 8.1 -2.2
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.5 61 14 1.4 -8.9
IDHQ Invesco S&P International Developed High Quality ETF 1.4 29 46 6.7 -3.6
SCHY Schwab International Dividend Equity ETF 1.4 14 61 9.8 -0.5
CIL VictoryShares International Volatility Wtd ETF 1.4 45 30 7.0 -3.3
BINV Brandes International ETF 1.4 70 5 9.5 -0.7
EPHE iShares MSCI Philippines ETF 1.4 59 16 10.1 -0.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 1.3 86 -11 13.7 +3.5
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 1.3 86 -11 0.4 -9.9
SATO Invesco Alerian Galaxy Crypto Economy ETF 1.3 61 14 -1.1 -11.3
IPAV Global X Infrastructure Development ex-U.S. ETF 1.2 55 20 4.5 -5.8
DRIV Global X Autonomous & Electric Vehicles ETF 1.2 68 7 6.8 -3.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.2 24 51 6.4 -3.8
IXG iShares Global Financials ETF 1.2 42 33 8.1 -2.2
ROBO ROBO Global Robotics & Automation Index ETF 1.2 95 -20 4.0 -6.3
SPDW SPDR Portfolio Developed World ex-US ETF 1.1 3 72 7.5 -2.8
TTAI FCF International Quality ETF 1.0 59 16 6.9 -3.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.0 78 -3 9.6 -0.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.0 45 30 0.0 -10.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.9 9 66 6.0 -4.3
FCLD Fidelity Cloud Computing ETF 0.9 39 36 3.0 -7.3
KXI iShares Global Consumer Staples ETF 0.9 41 34 5.4 -4.8
CCNR ALPS CoreCommodity Natural Resources ETF 0.9 39 36 11.0 +0.7
SNSR Global X Internet of Things ETF 0.9 68 7 5.0 -5.3
GGME Invesco Next Gen Media and Gaming ETF 0.9 60 15 5.0 -5.3
IDAT iShares Future Cloud 5G and Tech ETF 0.9 47 28 4.8 -5.5
QTUM Defiance Quantum ETF 0.9 40 35 7.7 -2.6
MOTO SmartETFs Smart Transportation & Technology ETF 0.8 68 7 7.8 -2.5
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.8 56 19 12.6 +2.4
KPOP KPOP and Korean Entertainment ETF 0.8 75 0 1.2 -9.0
SOCL Global X Social Media ETF 0.8 65 10 12.9 +2.6
IXP iShares Global Comm Services ETF 0.8 42 33 6.7 -3.6
OCEN IQ Clean Oceans ETF 0.7 45 30 5.7 -4.6
IDV iShares International Select Dividend ETF 0.7 51 24 11.6 +1.3
IBAT iShares Energy Storage & Materials ETF 0.7 47 28 5.3 -5.0
MOTI VanEck Morningstar International Moat ETF 0.7 58 17 12.8 +2.6
IDRV iShares Self-driving EV & Tech ETF 0.7 47 28 2.5 -7.8
HAP VanEck Natural Resources ETF 0.7 50 25 10.0 -0.2
IOO iShares Global 100 ETF 0.6 41 34 5.4 -4.9
GINN Goldman Sachs Innovate Equity ETF 0.6 52 23 4.4 -5.9
RXI iShares Global Consumer Discretionary ETF 0.6 41 34 9.2 -1.0
CGGR Capital Group Growth ETF 0.6 39 36 3.7 -6.6
EDIV SPDR S&P Emerging Markets Dividend ETF 0.6 49 26 11.6 +1.4
INQQ India Internet & Ecommerce ETF 0.5 86 -11 1.1 -9.2
FDCF Fidelity Disruptive Communications ETF 0.5 50 25 3.3 -7.0
AGNG Global X Aging Population ETF 0.5 50 25 4.2 -6.1
PBD Invesco Global Clean Energy ETF 0.5 75 0 0.4 -9.9
SDG iShares MSCI Global Sustainable Development Goals ETF 0.5 49 26 6.0 -4.3
CGDG Capital Group Dividend Growers ETF 0.4 47 28 6.3 -4.0
CUT Invesco MSCI Global Timber ETF 0.4 61 14 9.1 -1.1
ERTH Invesco MSCI Sustainable Future ETF 0.4 62 13 2.5 -7.8
WOOD iShares Global Timber & Forestry ETF 0.4 42 33 9.5 -0.8
GCOW Pacer Global Cash Cows Dividend ETF 0.4 60 15 10.9 +0.7
DWX SPDR S&P International Dividend ETF 0.4 45 30 6.6 -3.7
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.4 39 36 -1.1 -11.4
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.4 79 -4 5.9 -4.4
EV Mast Global Battery Recycling & Production ETF 0.4 65 10 11.6 +1.3
CGGO Capital Group Global Growth Equity ETF 0.4 47 28 5.0 -5.3
FTAG First Trust Indxx Global Agriculture ETF 0.4 70 5 8.1 -2.2
HELX Franklin Genomic Advancements ETF 0.3 50 25 0.1 -10.2
DIVI Franklin International Core Dividend Tilt Index ETF 0.3 9 66 8.2 -2.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.3 58 17 5.5 -4.8
GSFP Goldman Sachs Future Planet Equity ETF 0.3 75 0 4.8 -5.4
BBEU JPMorgan BetaBuilders Europe ETF 0.3 9 66 7.2 -3.0
IQSI IQ Candriam International Equity ETF 0.3 15 60 6.7 -3.6
VGK Vanguard FTSE Europe ETF 0.3 11 64 7.5 -2.8
FLEE Franklin FTSE Europe ETF 0.3 9 66 7.0 -3.3
SPEU SPDR Portfolio Europe ETF 0.3 7 68 7.5 -2.8
IXJ iShares Global Healthcare ETF 0.3 42 33 6.6 -3.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 26 7.3 -2.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 36 6.3 -4.0
EXI iShares Global Industrials ETF 0.2 42 33 4.9 -5.4
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 30 7.0 -3.2
FPAG FPA Global Equity ETF 0.2 49 26 6.3 -4.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.2 72 3 -1.2 -11.4
SMOG VanEck Low Carbon Energy ETF 0.2 61 14 1.5 -8.8
CTEC Global X CleanTech ETF 0.2 50 25 2.2 -8.1
LIT Global X Lithium & Battery Tech ETF 0.2 75 0 5.9 -4.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 55 7.1 -3.1
BKIE BNY Mellon International Equity ETF 0.2 4 71 7.3 -3.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 28 5.7 -4.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 36 8.3 -1.9
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 33 5.2 -5.1
SMIN iShares MSCI India Small Cap ETF 0.0 79 -4 3.3 -7.0

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:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.5 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 10.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.46 CATEGORY
AVERAGE		 1.50
 
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.