First Trust Bloomberg Emerging Market Democracies ETF
ALTAR
Score™		 9.9% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 10.4x P/Sales
ratio		 1.3x
P/BV
ratio		 1.5x Div.
yield		 3.3%


  • 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) $9
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) $111,428
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 10.3 %
SAMSUNG ELECTRONICS CO LTD 7.2 %
NASPERS LTD-N SHS 4.5 %
GRUPO MEXICO S.A.B. DE C.V. CLASS 4.3 %
BAJAJ FINANCE LIMITED 3.1 %
HYNIX SEMICONDUCTOR INC 2.9 %
PETROBRAS - PETROLEO BRAS-PR 2.9 %
PKO BANK POLSKI SA 2.8 %
GRUPO FINANCIERO BANORTE-O 2.8 %
AMERICA MOVIL, S.A.B. DE C.V. (CLA 2.8 %
Total 43.6 %

TOP COUNTRY EXPOSURE
TAIWAN 16.2 %
SOUTH KOREA 16.1 %
INDIA 15.7 %
SOUTH AFRICA 14.3 %
BRAZIL 12.6 %
MEXICO 11.3 %
POLAND 6.7 %
HUNGARY 2.6 %
PERU 1.5 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
23.7% 9.6% -- -- 11.3%

Market Correlations
versus... Beta R-squared
S&P500 0.66 32%
MSCI EAFE 0.68 39%
MSCI Emg. Mkts. 0.95 59%

Technical Indicators
Recent close $25.19
30d moving avg. $24.57
Annualized volatility 15.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 62

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 290 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™: 9.9%


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 50.7 32 43 7.8 -2.1
FTHF First Trust Emerging Markets Human Flourishing ETF 45.9 75 0 8.6 -1.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 45.1 24 51 8.2 -1.7
EMXC iShares MSCI Emerging Markets ex China ETF 43.7 25 50 7.7 -2.2
XCEM Columbia EM Core ex-China ETF 37.4 16 59 8.1 -1.8
EEM iShares MSCI Emerging Markets ETF 36.4 69 6 10.2 +0.3
XC WisdomTree Emerging Markets Ex-China Fund 36.2 32 43 6.2 -3.8
EEMA iShares MSCI Emerging Markets Asia ETF 35.8 49 26 10.0 +0.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 35.7 30 45 10.3 +0.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 35.1 15 60 8.1 -1.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 34.3 70 5 9.2 -0.7
XCNY SPDR S&P Emerging Markets ex-China ETF 33.6 15 60 7.7 -2.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 32.5 66 9 9.8 -0.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 32.2 33 42 10.1 +0.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 31.6 15 60 10.3 +0.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 31.6 20 55 10.7 +0.7
SCHE Schwab Emerging Markets Equity ETF 31.4 11 64 11.1 +1.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 31.4 32 43 9.2 -0.7
IEMG iShares Core MSCI Emerging Markets ETF 31.4 9 66 10.4 +0.5
EMGF iShares Emerging Markets Equity Factor ETF 31.3 25 50 11.8 +1.9
BKEM BNY Mellon Emerging Markets Equity ETF 31.1 11 64 10.1 +0.2
ESGE iShares ESG Aware MSCI EM ETF 31.1 25 50 10.0 +0.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 30.8 36 39 9.8 -0.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 30.4 32 43 6.8 -3.1
ECON Columbia Emerging Markets Consumer ETF 29.5 49 26 12.3 +2.4
JHEM John Hancock Multifactor Emerging Markets ETF 29.4 49 26 10.4 +0.5
FLAX Franklin FTSE Asia Ex Japan ETF 29.4 19 56 9.4 -0.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 28.6 45 30 10.4 +0.5
PXH Invesco FTSE RAFI Emerging Markets ETF 28.4 49 26 15.9 +6.0
VWO Vanguard FTSE Emerging Markets ETF 27.5 7 68 10.5 +0.6
DFAE Dimensional Emerging Core Equity Market ETF 27.1 35 40 9.4 -0.5
EMXF iShares ESG Advanced MSCI EM ETF 26.5 16 59 8.4 -1.5
AIA iShares Asia 50 ETF 26.0 50 25 13.1 +3.2
FRDM Freedom 100 Emerging Markets ETF 25.6 49 26 8.8 -1.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 25.1 39 36 16.2 +6.3
LDEM iShares ESG MSCI EM Leaders ETF 24.2 17 58 13.1 +3.2
SPEM SPDR Portfolio Emerging Markets ETF 23.6 7 68 10.6 +0.6
FDEM Fidelity Emerging Markets Multifactor ETF 23.1 25 50 12.8 +2.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 23.1 53 22 7.7 -2.2
NUEM Nuveen ESG Emerging Markets Equity ETF 22.8 36 39 7.8 -2.1
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 22.0 88 -13 9.4 -0.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 21.9 95 -20 12.7 +2.8
MINV Matthews Asia Innovators Active ETF 21.5 79 -4 7.5 -2.5
FLLA Franklin FTSE Latin America ETF 21.3 19 56 14.0 +4.1
MEM Matthews Emerging Markets Equity Active ETF 20.4 79 -4 7.9 -2.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 20.4 30 45 9.9 +0.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 20.2 38 37 9.4 -0.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 19.7 40 35 7.1 -2.9
DEHP Dimensional Emerging Markets High Profitability ETF 19.7 41 34 6.8 -3.1
EEMO Invesco S&P Emerging Markets Momentum ETF 19.7 29 46 6.4 -3.5
EMMF WisdomTree Emerging Markets Multifactor Fund 19.3 48 27 7.8 -2.1
AVXC Avantis Emerging Markets Ex-China Equity ETF 19.2 33 42 8.7 -1.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 19.2 59 16 11.7 +1.8
PATN Pacer Nasdaq International Patent Leaders ETF 19.1 65 10 6.3 -3.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 18.7 50 25 11.4 +1.4
RNEM First Trust Emerging Markets Equity Select ETF 18.4 75 0 7.1 -2.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 16.3 41 34 8.8 -1.1
FLTW Franklin FTSE Taiwan ETF 16.2 19 56 6.6 -3.4
EWT iShares MSCI Taiwan ETF 16.2 58 17 6.4 -3.6
FLKR Franklin FTSE South Korea ETF 16.1 9 66 9.4 -0.5
EWY iShares MSCI South Korea ETF 16.1 58 17 8.8 -1.1
AVSE Avantis Responsible Emerging Markets Equity ETF 16.0 33 42 8.5 -1.4
BKF iShares MSCI BIC ETF 15.9 69 6 13.2 +3.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 15.5 35 40 19.2 +9.3
ILF iShares Latin America 40 ETF 15.2 48 27 13.5 +3.6
DFEV Dimensional Emerging Markets Value ETF 15.1 43 32 13.2 +3.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 15.1 44 31 11.0 +1.1
ROAM Hartford Multifactor Emerging Markets ETF 15.1 44 31 12.0 +2.0
NFTY First Trust India NIFTY 50 Equal Weight ETF 15.1 80 -5 5.0 -4.9
GMF SPDR S&P Emerging Asia Pacific ETF 14.8 49 26 9.4 -0.5
AVEM Avantis Emerging Markets Equity ETF 14.3 33 42 9.1 -0.8
KNCT Invesco Next Gen Connectivity ETF 13.7 40 35 5.0 -4.9
FLIN Franklin FTSE India ETF 13.0 19 56 4.0 -6.0
INDA iShares MSCI India ETF 12.4 65 10 4.4 -5.5
INDY iShares India 50 ETF 12.0 89 -14 4.7 -5.3
FLBR Franklin FTSE Brazil ETF 11.5 19 56 15.8 +5.9
PIN Invesco India ETF 11.5 78 -3 4.4 -5.5
FLMX Franklin FTSE Mexico ETF 11.3 19 56 10.9 +1.0
EWW iShares MSCI Mexico ETF 11.3 50 25 10.5 +0.6
FLN First Trust Latin America AlphaDEX Fund 10.9 80 -5 10.8 +0.9
EWZ iShares MSCI Brazil ETF 10.9 58 17 13.6 +3.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 10.8 25 50 6.5 -3.5
ACWX iShares MSCI ACWI ex U.S. ETF 10.8 34 41 7.9 -2.0
AVES Avantis Emerging Markets Value ETF 10.8 36 39 11.5 +1.6
EMM Global X Emerging Markets ex-China ETF 10.7 75 0 6.0 -3.9
EPI WisdomTree India Earnings Fund 10.7 85 -10 4.8 -5.1
VSGX Vanguard ESG International Stock ETF 10.5 10 65 8.0 -2.0
AFK VanEck Africa Index ETF 10.3 98 -23 11.8 +1.9
VEU Vanguard FTSE All-World ex-US Index Fund 9.9 4 71 8.2 -1.7
IVES Wedbush ETFMG Global Cloud Technology ETF 9.6 68 7 15.4 +5.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 9.5 18 57 7.9 -2.1
IXUS iShares Core MSCI Total International Stock ETF 9.3 7 68 8.1 -1.9
EMC Global X Emerging Markets Great Consumer ETF 9.3 75 0 8.8 -1.1
VXUS Vanguard Total International Stock ETF 9.3 5 70 8.1 -1.9
DVYE iShares Emerging Markets Dividend ETF 9.2 49 26 18.9 +8.9
AIVC Amplify Bloomberg AI Value Chain ETF 9.1 59 16 5.9 -4.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 9.1 41 34 7.7 -2.2
DEM WisdomTree Emerging Markets High Dividend Fund 9.0 63 12 13.2 +3.3
FEM First Trust Emerging Markets AlphaDEX Fund 8.4 80 -5 12.2 +2.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 7.8 90 -15 7.7 -2.3
EZA iShares MSCI South Africa ETF 7.7 58 17 10.7 +0.8
INDF Nifty India Financials ETF 7.7 75 0 6.4 -3.5
IXN iShares Global Tech ETF 7.6 41 34 3.8 -6.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 7.6 47 28 8.5 -1.4
DSTX Distillate International Fundamental Stability & Value ETF 7.5 55 20 8.3 -1.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 7.5 29 46 8.9 -1.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 7.5 45 30 10.8 +0.8
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 7.3 80 -5 9.6 -0.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 7.2 42 33 6.8 -3.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 7.1 60 15 10.2 +0.2
IWTR iShares MSCI Water Management Multisector ETF 6.9 47 28 5.7 -4.2
CGXU Capital Group International Focus Equity ETF 6.8 54 21 5.8 -4.2
IQDF FlexShares International Quality Dividend Index Fund 6.7 47 28 9.3 -0.6
EPOL iShares MSCI Poland ETF 6.7 59 16 11.0 +1.1
VYMI Vanguard International High Dividend Yield ETF 6.4 17 58 9.9 -0.0
JIG JPMorgan International Growth ETF 6.2 55 20 4.7 -5.2
VPL Vanguard FTSE Pacific ETF 6.2 7 68 7.3 -2.7
FBOT Fidelity Disruptive Automation ETF 6.1 50 25 3.7 -6.3
CHAT Roundhill Generative AI & Technology ETF 6.1 75 0 7.8 -2.1
ICOP iShares Copper and Metals Mining ETF 6.0 47 28 9.1 -0.8
CWI SPDR MSCI ACWI ex-US ETF 5.8 30 45 7.8 -2.1
WWJD Inspire International ETF 5.7 80 -5 7.3 -2.6
WRND IQ Global Equity R&D Leaders ETF 5.6 18 57 8.4 -1.6
FMET Fidelity Metaverse ETF 5.5 39 36 4.7 -5.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 5.4 70 5 14.6 +4.7
WTAI WisdomTree Artificial Intelligence and Innovation Fund 5.3 45 30 2.8 -7.1
CARZ First Trust NASDAQ Global Auto Index Fund 5.3 70 5 5.1 -4.8
NDIA Global X India Active ETF 5.3 75 0 4.7 -5.2
NXTG First Trust Indxx NextG ETF 5.3 70 5 5.3 -4.6
AIQ Global X Artificial Intelligence & Technology ETF 5.2 68 7 3.8 -6.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 5.2 30 45 8.1 -1.8
FDNI First Trust Dow Jones International Internet ETF 5.2 65 10 18.2 +8.3
GVAL Cambria Global Value ETF 5.1 68 7 11.1 +1.2
EYLD Cambria Emerging Shareholder Yield ETF 5.0 66 9 12.3 +2.4
AGQI First Trust Active Global Quality Income ETF 4.9 85 -10 5.3 -4.6
ICOW Pacer Developed Markets International Cash Cows 100 ETF 4.9 65 10 11.7 +1.8
ACWV iShares MSCI Global Min Vol Factor ETF 4.9 20 55 6.0 -3.9
DTCR Global X Data Center & Digital Infrastructure ETF 4.9 50 25 4.3 -5.7
FEOE First Eagle Overseas Equity ETF 4.4 79 -4 8.3 -1.6
PICK iShares MSCI Global Metals & Mining Producers ETF 4.4 39 36 13.7 +3.8
IMFL Invesco International Developed Dynamic Multifactor ETF 4.3 34 41 6.0 -3.9
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 4.3 85 -10 9.9 -0.0
GMET VanEck Green Metals ETF 4.3 63 12 9.4 -0.5
KLMT Invesco MSCI Global Climate 500 ETF 4.3 10 65 5.9 -4.0
DINT Davis Select International ETF 4.2 55 20 8.1 -1.9
DMAT Global X Disruptive Materials ETF 4.1 59 16 9.1 -0.8
FNDF Schwab Fundamental International Large Co. Index ETF 4.1 25 50 9.7 -0.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 4.0 86 -11 13.3 +3.4
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 4.0 86 -11 0.8 -9.1
UMMA Wahed Dow Jones Islamic World ETF 4.0 65 10 5.1 -4.8
IGPT Invesco AI and Next Gen Software ETF 3.9 60 15 4.1 -5.8
CLNR IQ Cleaner Transport ETF 3.9 45 30 6.6 -3.4
ACWI iShares MSCI ACWI ETF 3.8 32 43 5.7 -4.3
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.8 75 0 3.1 -6.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.6 20 55 5.8 -4.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.6 45 30 9.0 -0.9
MOTI VanEck Morningstar International Moat ETF 3.6 58 17 11.2 +1.3
BATT Amplify Lithium & Battery Technology ETF 3.6 59 16 3.6 -6.3
VIDI Vident International Equity Strategy ETF 3.5 61 14 11.4 +1.5
AIS VistaShares Artificial Intelligence Supercycle ETF 3.5 75 0 3.6 -6.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.4 46 29 10.4 +0.5
INQQ India Internet & Ecommerce ETF 3.4 86 -11 1.2 -8.7
RODE Hartford Multifactor Diversified International ETF 3.4 29 46 12.7 +2.8
VT Vanguard Total World Stock ETF 3.4 6 69 6.0 -3.9
DWLD Davis Select Worldwide ETF 3.3 63 12 7.5 -2.4
FEGE First Eagle Global Equity ETF 3.3 79 -4 7.1 -2.9
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.2 80 -5 10.0 +0.1
ISHP First Trust Nasdaq Retail ETF 3.2 60 15 5.2 -4.7
BLES Inspire Global Hope ETF 3.0 61 14 6.9 -3.1
COPY Tweedy, Browne Insider + Value ETF 3.0 80 -5 11.9 +2.0
XT iShares Exponential Technologies ETF 3.0 46 29 4.8 -5.1
LOUP Innovator Deepwater Frontier Tech ETF 2.9 70 5 1.1 -8.8
DEW WisdomTree Global High Dividend Fund 2.9 58 17 8.7 -1.2
GLIN VanEck India Growth Leaders ETF 2.9 77 -2 6.4 -3.5
MOTG VanEck Morningstar Global Wide Moat ETF 2.8 52 23 6.7 -3.2
JSTC Adasina Social Justice All Cap Global ETF 2.8 89 -14 4.8 -5.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.7 65 10 7.4 -2.5
HFXI IQ FTSE International Equity Currency Neutral ETF 2.7 20 55 7.3 -2.7
OAIM OneAscent International Equity ETF 2.7 95 -20 5.7 -4.3
SCHF Schwab International Equity ETF 2.6 6 69 7.5 -2.5
FILL iShares MSCI Global Energy Producers ETF 2.6 39 36 12.0 +2.1
GLOF iShares Global Equity Factor ETF 2.6 20 55 6.7 -3.2
FDTX Fidelity Disruptive Technology ETF 2.6 50 25 2.6 -7.3
UIVM VictoryShares International Value Momentum ETF 2.6 35 40 9.0 -0.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.5 12 63 5.2 -4.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.5 65 10 2.2 -7.7
VEA Vanguard FTSE Developed Markets ETF 2.3 3 72 7.4 -2.6
INCO Columbia India Consumer ETF 2.2 75 0 1.9 -8.0
VIGI Vanguard International Dividend Appreciation ETF 2.2 10 65 6.3 -3.6
JPIN J.P. Morgan Diversified Return International Equity ETF 2.2 37 38 8.7 -1.3
IDOG ALPS International Sector Dividend Dogs ETF 2.2 50 25 12.4 +2.5
FDD First Trust Stoxx European Select Dividend Index Fund 2.2 58 17 11.8 +1.9
CRAK VanEck Oil Refiners ETF 2.2 61 14 14.2 +4.3
QTUM Defiance Quantum ETF 2.1 40 35 5.4 -4.6
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.1 67 8 13.9 +4.0
RING iShares MSCI Global Gold Miners ETF 1.9 39 36 5.7 -4.2
SCHY Schwab International Dividend Equity ETF 1.9 14 61 9.7 -0.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.8 60 15 7.2 -2.8
RGEF Rockefeller Global Equity ETF 1.8 55 20 4.9 -5.0
ARTY iShares Future AI & Tech ETF 1.7 47 28 3.2 -6.7
IGRO iShares International Dividend Growth ETF 1.7 15 60 7.3 -2.6
SDIV Global X Superdividend ETF 1.7 58 17 39.9 +30.0
RCGE RockCreek Global Equality ETF 1.7 95 -20 6.4 -3.5
TPIF Timothy Plan International ETF 1.7 62 13 6.3 -3.7
DGIN VanEck Digital India ETF 1.6 71 4 2.0 -7.9
JGLO JPMorgan Global Select Equity ETF 1.6 33 42 4.9 -5.0
IDHQ Invesco S&P International Developed High Quality ETF 1.5 29 46 6.7 -3.2
IDV iShares International Select Dividend ETF 1.5 51 24 11.0 +1.1
IPAV Global X Infrastructure Development ex-U.S. ETF 1.5 55 20 7.6 -2.3
EPU iShares MSCI Peru and Global Exposure ETF 1.5 59 16 7.5 -2.4
LIVR Intelligent Livermore ETF 1.5 69 6 6.3 -3.6
IXG iShares Global Financials ETF 1.4 42 33 6.8 -3.1
METV Roundhill Ball Metaverse ETF 1.4 59 16 5.2 -4.7
DGT SPDR Global Dow ETF 1.4 50 25 7.3 -2.6
FKU First Trust United Kingdom AlphaDEX Fund 1.4 80 -5 7.4 -2.5
ROBO ROBO Global Robotics & Automation Index ETF 1.4 95 -20 3.5 -6.4
CIL VictoryShares International Volatility Wtd ETF 1.4 45 30 6.7 -3.2
BINV Brandes International ETF 1.4 70 5 9.7 -0.2
SPDW SPDR Portfolio Developed World ex-US ETF 1.3 3 72 7.3 -2.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.2 24 51 7.6 -2.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.2 78 -3 9.3 -0.6
DRIV Global X Autonomous & Electric Vehicles ETF 1.1 68 7 5.4 -4.6
CCNR ALPS CoreCommodity Natural Resources ETF 1.1 39 36 11.6 +1.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.1 9 66 5.9 -4.0
TTAI FCF International Quality ETF 1.0 59 16 7.0 -2.9
CZA Invesco Zacks Mid-Cap ETF 1.0 72 3 6.6 -3.4
SNSR Global X Internet of Things ETF 1.0 68 7 4.5 -5.4
IDAT iShares Future Cloud 5G and Tech ETF 1.0 47 28 4.7 -5.2
FCLD Fidelity Cloud Computing ETF 0.9 39 36 3.2 -6.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.9 56 19 11.0 +1.0
KXI iShares Global Consumer Staples ETF 0.9 41 34 5.6 -4.3
IXP iShares Global Comm Services ETF 0.9 42 33 5.7 -4.2
BRAZ Global X Brazil Active ETF 0.8 75 0 13.2 +3.2
MXI iShares Global Materials ETF 0.8 41 34 8.0 -1.9
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.8 80 -5 4.9 -5.1
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.7 45 30 4.5 -5.4
HAP VanEck Natural Resources ETF 0.7 50 25 9.7 -0.2
IOO iShares Global 100 ETF 0.7 41 34 4.9 -5.0
OCEN IQ Clean Oceans ETF 0.7 45 30 6.3 -3.7
KPOP KPOP and Korean Entertainment ETF 0.7 75 0 2.4 -7.6
FDCF Fidelity Disruptive Communications ETF 0.7 50 25 2.9 -7.0
SOCL Global X Social Media ETF 0.7 65 10 7.9 -2.1
EDIV SPDR S&P Emerging Markets Dividend ETF 0.7 49 26 11.9 +2.0
GINN Goldman Sachs Innovate Equity ETF 0.6 52 23 3.7 -6.2
RXI iShares Global Consumer Discretionary ETF 0.6 41 34 9.2 -0.7
CGGR Capital Group Growth ETF 0.6 39 36 3.2 -6.7
VCLN Virtus Duff & Phelps Clean Energy ETF 0.6 59 16 5.5 -4.5
RNRG Global X Renewable Energy Producers ETF 0.6 66 9 5.6 -4.3
ICLN iShares Global Clean Energy ETF 0.6 41 34 5.8 -4.1
FEP First Trust Europe AlphaDEX Fund 0.5 80 -5 9.3 -0.6
AGNG Global X Aging Population ETF 0.5 50 25 4.9 -5.0
IXJ iShares Global Healthcare ETF 0.5 42 33 7.3 -2.6
DWX SPDR S&P International Dividend ETF 0.5 45 30 6.3 -3.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 26 7.0 -2.9
SDG iShares MSCI Global Sustainable Development Goals ETF 0.4 49 26 6.2 -3.7
CGDG Capital Group Dividend Growers ETF 0.4 47 28 6.2 -3.7
GSFP Goldman Sachs Future Planet Equity ETF 0.4 75 0 4.6 -5.3
PBD Invesco Global Clean Energy ETF 0.4 75 0 0.5 -9.4
IBAT iShares Energy Storage & Materials ETF 0.4 47 28 5.3 -4.6
SHLD Global X Defense Tech ETF 0.4 50 25 3.4 -6.6
IPKW Invesco International BuyBack Achievers ETF 0.4 55 20 13.6 +3.6
MOTO SmartETFs Smart Transportation & Technology ETF 0.4 68 7 7.2 -2.7
GCOW Pacer Global Cash Cows Dividend ETF 0.4 60 15 11.0 +1.1
CGGO Capital Group Global Growth Equity ETF 0.4 47 28 4.7 -5.2
FTAG First Trust Indxx Global Agriculture ETF 0.4 70 5 8.4 -1.5
EXI iShares Global Industrials ETF 0.4 42 33 4.6 -5.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 36 5.9 -4.0
JXI iShares Global Utilities ETF 0.3 43 32 6.0 -4.0
DIVI Franklin International Core Dividend Tilt Index ETF 0.3 9 66 8.2 -1.7
JHDV John Hancock U.S. High Dividend ETF 0.3 34 41 6.7 -3.2
IDRV iShares Self-driving EV & Tech ETF 0.3 47 28 1.6 -8.4
BBEU JPMorgan BetaBuilders Europe ETF 0.3 9 66 7.2 -2.7
VGK Vanguard FTSE Europe ETF 0.3 6 69 7.5 -2.5
IQSI IQ Candriam International Equity ETF 0.3 15 60 6.8 -3.1
SPEU SPDR Portfolio Europe ETF 0.3 7 68 7.4 -2.5
HELX Franklin Genomic Advancements ETF 0.3 50 25 -0.3 -10.2
FLEE Franklin FTSE Europe ETF 0.3 9 66 7.4 -2.5
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 30 6.1 -3.8
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.2 75 0 4.8 -5.2
FPAG FPA Global Equity ETF 0.2 49 26 5.8 -4.1
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 55 7.1 -2.8
SUPL ProShares Supply Chain Logistics ETF 0.2 58 17 11.5 +1.6
BKIE BNY Mellon International Equity ETF 0.2 4 71 7.2 -2.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 28 5.9 -4.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 36 8.3 -1.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 17 4.7 -5.2
VYM Vanguard High Dividend Yield Index ETF 0.1 6 69 7.3 -2.7
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 33 5.5 -4.4
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 66 4.8 -5.1
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 36 7.0 -3.0

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%.

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:		 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 15.4 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 9.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.47 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.