First Trust Bloomberg Emerging Market Democracies ETF
ALTAR
Score™		 9.8% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 10.7x P/Sales
ratio		 1.4x
P/BV
ratio		 1.6x Div.
yield		 3.2%


  • 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 108
Wgt avg mkt cap (mns) $136,719
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 %
SAMSUNG ELECTRONICS CO LTD 7.8 %
GRUPO MEXICO S.A.B. DE C.V. CLASS 4.5 %
NASPERS LTD-N SHS 4.4 %
BAJAJ FINANCE LIMITED 3.0 %
PKO BANK POLSKI SA 2.9 %
AMERICA MOVIL, S.A.B. DE C.V. (CLA 2.9 %
GRUPO FINANCIERO BANORTE-O 2.8 %
OTP BANK PLC 2.7 %
PETROBRAS - PETROLEO BRAS-PR 2.7 %
Total 44.1 %

TOP COUNTRY EXPOSURE
SOUTH KOREA 15.9 %
SOUTH AFRICA 15.7 %
TAIWAN 15.7 %
INDIA 15.0 %
BRAZIL 12.4 %
MEXICO 11.2 %
POLAND 6.2 %
HUNGARY 2.8 %
PERU 1.6 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 29)
Year-to-date 1 year 5 years 10 years Since Incep.
26.7% 9.6% -- -- 11.6%

Market Correlations
versus... Beta R-squared
S&P500 0.71 35%
MSCI EAFE 0.64 34%
MSCI Emg. Mkts. 0.85 45%

Technical Indicators
Recent close $25.82
30d moving avg. $25.60
Annualized volatility 15.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $4,190

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 288 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™: 9.8%


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 50.3 32 43 8.0 -1.8
FTHF First Trust Emerging Markets Human Flourishing ETF 46.3 75 0 8.7 -1.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 44.4 24 51 8.3 -1.5
EMXC iShares MSCI Emerging Markets ex China ETF 43.2 25 50 7.9 -1.9
XCEM Columbia EM Core ex-China ETF 37.0 16 59 8.5 -1.3
EEM iShares MSCI Emerging Markets ETF 35.9 69 6 10.5 +0.7
XC WisdomTree Emerging Markets Ex-China Fund 35.6 32 43 6.3 -3.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 35.4 30 45 10.7 +0.8
EEMA iShares MSCI Emerging Markets Asia ETF 35.1 49 26 10.5 +0.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 34.8 15 60 8.1 -1.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 33.7 70 5 9.5 -0.3
XCNY SPDR S&P Emerging Markets ex-China ETF 33.4 15 60 7.9 -1.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 32.3 66 9 9.8 -0.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 31.9 33 42 10.3 +0.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 31.4 15 60 10.4 +0.6
EMGF iShares Emerging Markets Equity Factor ETF 31.2 25 50 11.9 +2.1
IEMG iShares Core MSCI Emerging Markets ETF 31.2 9 66 10.7 +0.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 31.2 20 55 10.9 +1.0
SCHE Schwab Emerging Markets Equity ETF 31.0 11 64 11.1 +1.3
BKEM BNY Mellon Emerging Markets Equity ETF 31.0 11 64 10.2 +0.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 30.9 32 43 9.4 -0.4
ESGE iShares ESG Aware MSCI EM ETF 30.7 25 50 10.4 +0.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 30.6 36 39 10.0 +0.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 29.9 32 43 7.1 -2.7
ECON Columbia Emerging Markets Consumer ETF 29.1 49 26 12.7 +2.9
FLAX Franklin FTSE Asia Ex Japan ETF 29.1 19 56 9.5 -0.3
JHEM John Hancock Multifactor Emerging Markets ETF 28.8 49 26 10.4 +0.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 28.4 45 30 10.6 +0.7
PXH Invesco FTSE RAFI Emerging Markets ETF 28.0 49 26 16.0 +6.2
VWO Vanguard FTSE Emerging Markets ETF 27.6 7 68 10.3 +0.5
DFAE Dimensional Emerging Core Equity Market ETF 26.9 35 40 9.5 -0.3
FRDM Freedom 100 Emerging Markets ETF 25.9 49 26 8.6 -1.2
EMXF iShares ESG Advanced MSCI EM ETF 25.9 16 59 8.7 -1.2
AIA iShares Asia 50 ETF 25.8 50 25 13.0 +3.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 25.0 39 36 16.5 +6.7
LDEM iShares ESG MSCI EM Leaders ETF 23.8 17 58 14.1 +4.3
SPEM SPDR Portfolio Emerging Markets ETF 23.6 7 68 10.7 +0.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 23.3 53 22 8.0 -1.8
FDEM Fidelity Emerging Markets Multifactor ETF 23.0 25 50 13.0 +3.2
NUEM Nuveen ESG Emerging Markets Equity ETF 22.6 36 39 8.1 -1.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 21.9 88 -13 9.0 -0.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 21.6 95 -20 11.9 +2.1
MINV Matthews Asia Innovators Active ETF 21.0 79 -4 7.4 -2.4
FLLA Franklin FTSE Latin America ETF 20.4 19 56 13.0 +3.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 20.4 30 45 9.3 -0.5
MEM Matthews Emerging Markets Equity Active ETF 20.2 79 -4 8.1 -1.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 20.0 38 37 9.4 -0.5
EEMO Invesco S&P Emerging Markets Momentum ETF 19.9 29 46 6.7 -3.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 19.4 40 35 7.2 -2.6
PATN Pacer Nasdaq International Patent Leaders ETF 19.3 65 10 6.3 -3.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 19.2 59 16 9.0 -0.8
DEHP Dimensional Emerging Markets High Profitability ETF 19.1 41 34 6.8 -3.0
EMMF WisdomTree Emerging Markets Multifactor Fund 19.0 48 27 7.6 -2.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 18.8 33 42 8.9 -0.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 18.2 50 25 11.2 +1.4
RNEM First Trust Emerging Markets Equity Select ETF 18.0 75 0 7.8 -2.1
FLTW Franklin FTSE Taiwan ETF 16.2 19 56 7.0 -2.8
EWT iShares MSCI Taiwan ETF 16.2 58 17 6.8 -3.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 16.1 41 34 8.8 -1.1
FLKR Franklin FTSE South Korea ETF 15.8 9 66 9.6 -0.3
EWY iShares MSCI South Korea ETF 15.8 58 17 8.9 -0.9
AVSE Avantis Responsible Emerging Markets Equity ETF 15.6 33 42 8.6 -1.2
BKF iShares MSCI BIC ETF 15.1 69 6 13.7 +3.9
ILF iShares Latin America 40 ETF 14.9 48 27 12.9 +3.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 14.8 35 40 18.7 +8.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 14.8 44 31 10.7 +0.9
ROAM Hartford Multifactor Emerging Markets ETF 14.8 44 31 12.4 +2.5
DFEV Dimensional Emerging Markets Value ETF 14.6 43 32 13.5 +3.7
GMF SPDR S&P Emerging Asia Pacific ETF 14.4 49 26 9.7 -0.1
NFTY First Trust India NIFTY 50 Equal Weight ETF 14.4 80 -5 5.3 -4.6
KNCT Invesco Next Gen Connectivity ETF 14.0 40 35 4.9 -4.9
AVEM Avantis Emerging Markets Equity ETF 13.9 33 42 8.8 -1.0
FLIN Franklin FTSE India ETF 12.4 19 56 4.3 -5.5
INDA iShares MSCI India ETF 11.7 65 10 4.8 -5.0
INDY iShares India 50 ETF 11.3 89 -14 5.2 -4.7
FLBR Franklin FTSE Brazil ETF 11.2 19 56 14.5 +4.7
FLMX Franklin FTSE Mexico ETF 10.9 19 56 10.6 +0.8
EWW iShares MSCI Mexico ETF 10.9 50 25 10.3 +0.5
PIN Invesco India ETF 10.8 78 -3 4.9 -5.0
ACWX iShares MSCI ACWI ex U.S. ETF 10.8 34 41 7.8 -2.0
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 10.6 25 50 6.6 -3.2
FLN First Trust Latin America AlphaDEX Fund 10.6 80 -5 10.4 +0.6
VSGX Vanguard ESG International Stock ETF 10.6 10 65 7.7 -2.1
EWZ iShares MSCI Brazil ETF 10.5 58 17 13.2 +3.4
AFK VanEck Africa Index ETF 10.5 98 -23 11.9 +2.1
AVES Avantis Emerging Markets Value ETF 10.4 36 39 11.2 +1.4
EMM Global X Emerging Markets ex-China ETF 10.4 75 0 6.6 -3.2
EPI WisdomTree India Earnings Fund 10.0 85 -10 5.4 -4.4
VEU Vanguard FTSE All-World ex-US Index Fund 9.9 4 71 8.2 -1.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 9.5 18 57 7.9 -1.9
IVES Wedbush ETFMG Global Cloud Technology ETF 9.4 68 7 7.4 -2.4
IXUS iShares Core MSCI Total International Stock ETF 9.3 7 68 8.0 -1.8
AIVC Amplify Bloomberg AI Value Chain ETF 9.3 59 16 5.7 -4.1
VXUS Vanguard Total International Stock ETF 9.2 5 70 8.0 -1.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 9.1 41 34 7.5 -2.3
DVYE iShares Emerging Markets Dividend ETF 9.0 49 26 18.6 +8.8
DEM WisdomTree Emerging Markets High Dividend Fund 8.8 63 12 13.4 +3.6
EMC Global X Emerging Markets Great Consumer ETF 8.5 75 0 11.1 +1.3
FEM First Trust Emerging Markets AlphaDEX Fund 8.5 80 -5 11.3 +1.5
EZA iShares MSCI South Africa ETF 8.4 58 17 10.3 +0.5
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 7.8 90 -15 7.0 -2.9
IXN iShares Global Tech ETF 7.7 41 34 3.7 -6.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 7.4 47 28 8.5 -1.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 7.4 29 46 9.3 -0.5
IWTR iShares MSCI Water Management Multisector ETF 7.3 47 28 5.8 -4.0
DSTX Distillate International Fundamental Stability & Value ETF 7.3 55 20 8.0 -1.8
INDF Nifty India Financials ETF 7.3 75 0 8.6 -1.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 7.2 45 30 10.8 +1.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 7.1 42 33 7.3 -2.5
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 7.0 80 -5 9.2 -0.6
EPOL iShares MSCI Poland ETF 6.8 59 16 11.4 +1.6
CGXU Capital Group International Focus Equity ETF 6.6 54 21 5.6 -4.2
IQDF FlexShares International Quality Dividend Index Fund 6.6 47 28 9.0 -0.8
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 6.5 60 15 11.1 +1.3
VYMI Vanguard International High Dividend Yield ETF 6.3 17 58 9.6 -0.2
CARZ First Trust NASDAQ Global Auto Index Fund 6.3 70 5 4.9 -4.9
JIG JPMorgan International Growth ETF 6.2 55 20 4.8 -5.0
ICOP iShares Copper and Metals Mining ETF 6.1 47 28 8.5 -1.3
FBOT Fidelity Disruptive Automation ETF 6.1 50 25 3.7 -6.1
VPL Vanguard FTSE Pacific ETF 6.1 7 68 6.9 -2.9
WWJD Inspire International ETF 5.7 80 -5 7.3 -2.5
CWI SPDR MSCI ACWI ex-US ETF 5.6 30 45 7.7 -2.1
WRND IQ Global Equity R&D Leaders ETF 5.6 18 57 8.4 -1.5
FMET Fidelity Metaverse ETF 5.4 39 36 4.8 -5.1
CHAT Roundhill Generative AI & Technology ETF 5.4 75 0 9.6 -0.2
NXTG First Trust Indxx NextG ETF 5.3 70 5 5.4 -4.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 5.2 70 5 13.2 +3.4
WTAI WisdomTree Artificial Intelligence and Innovation Fund 5.2 45 30 2.8 -7.0
EDIV SPDR S&P Emerging Markets Dividend ETF 5.1 49 26 12.0 +2.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 5.1 30 45 7.9 -1.9
AGQI First Trust Active Global Quality Income ETF 5.1 85 -10 4.9 -4.9
EYLD Cambria Emerging Shareholder Yield ETF 5.1 66 9 12.4 +2.6
FDNI First Trust Dow Jones International Internet ETF 5.0 65 10 21.0 +11.2
GVAL Cambria Global Value ETF 5.0 68 7 10.5 +0.7
NDIA Global X India Active ETF 4.9 75 0 5.1 -4.7
FEOE First Eagle Overseas Equity ETF 4.9 79 -4 8.1 -1.8
ICOW Pacer Developed Markets International Cash Cows 100 ETF 4.8 65 10 12.2 +2.3
AIQ Global X Artificial Intelligence & Technology ETF 4.7 68 7 3.9 -5.9
ACWV iShares MSCI Global Min Vol Factor ETF 4.6 20 55 6.2 -3.7
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 4.5 85 -10 8.7 -1.1
GMET VanEck Green Metals ETF 4.5 63 12 9.1 -0.8
PICK iShares MSCI Global Metals & Mining Producers ETF 4.4 39 36 12.7 +2.9
KLMT Invesco MSCI Global Climate 500 ETF 4.3 10 65 5.8 -4.1
DINT Davis Select International ETF 4.2 55 20 8.1 -1.7
FNDF Schwab Fundamental International Large Co. Index ETF 4.2 25 50 9.6 -0.2
DMAT Global X Disruptive Materials ETF 4.1 59 16 7.7 -2.1
CLNR IQ Cleaner Transport ETF 3.9 45 30 6.6 -3.2
IMFL Invesco International Developed Dynamic Multifactor ETF 3.9 34 41 6.1 -3.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 3.9 86 -11 13.6 +3.7
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 3.9 86 -11 0.4 -9.4
ACWI iShares MSCI ACWI ETF 3.9 32 43 5.6 -4.2
UMMA Wahed Dow Jones Islamic World ETF 3.8 65 10 5.5 -4.3
VIDI Vident International Equity Strategy ETF 3.8 61 14 11.0 +1.2
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.8 75 0 3.2 -6.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.7 45 30 8.9 -0.9
BATT Amplify Lithium & Battery Technology ETF 3.6 59 16 3.6 -6.2
MOTI VanEck Morningstar International Moat ETF 3.6 58 17 12.0 +2.1
FEGE First Eagle Global Equity ETF 3.6 79 -4 7.0 -2.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.5 20 55 5.7 -4.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.4 46 29 9.8 +0.0
VT Vanguard Total World Stock ETF 3.3 6 69 5.9 -3.9
DWLD Davis Select Worldwide ETF 3.3 63 12 7.2 -2.6
RODE Hartford Multifactor Diversified International ETF 3.3 29 46 11.4 +1.6
IGPT Invesco AI and Next Gen Software ETF 3.3 60 15 4.3 -5.5
INQQ India Internet & Ecommerce ETF 3.3 86 -11 1.4 -8.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.2 80 -5 9.7 -0.2
COPY Tweedy, Browne Insider + Value ETF 3.2 80 -5 11.8 +2.0
ISHP First Trust Nasdaq Retail ETF 3.1 60 15 5.4 -4.4
BLES Inspire Global Hope ETF 3.0 61 14 6.8 -3.0
AIS VistaShares Artificial Intelligence Supercycle ETF 3.0 75 0 3.1 -6.7
DEW WisdomTree Global High Dividend Fund 2.9 58 17 8.4 -1.4
MOTG VanEck Morningstar Global Wide Moat ETF 2.8 52 23 7.8 -2.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.8 65 10 8.1 -1.7
GLIN VanEck India Growth Leaders ETF 2.8 77 -2 7.1 -2.7
HFXI IQ FTSE International Equity Currency Neutral ETF 2.7 20 55 7.1 -2.7
JSTC Adasina Social Justice All Cap Global ETF 2.7 89 -14 4.8 -5.0
OAIM OneAscent International Equity ETF 2.7 95 -20 5.7 -4.1
XT iShares Exponential Technologies ETF 2.6 46 29 5.0 -4.8
SCHF Schwab International Equity ETF 2.6 6 69 7.4 -2.5
DWX SPDR S&P International Dividend ETF 2.6 45 30 6.1 -3.7
FDTX Fidelity Disruptive Technology ETF 2.6 50 25 2.7 -7.1
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 -4.6
FILL iShares MSCI Global Energy Producers ETF 2.5 39 36 11.5 +1.7
GLOF iShares Global Equity Factor ETF 2.5 20 55 6.5 -3.3
LOUP Innovator Deepwater Frontier Tech ETF 2.4 70 5 1.3 -8.5
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.4 65 10 2.1 -7.8
VEA Vanguard FTSE Developed Markets ETF 2.3 3 72 7.3 -2.6
RING iShares MSCI Global Gold Miners ETF 2.3 39 36 4.5 -5.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.3 67 8 13.7 +3.9
JPIN J.P. Morgan Diversified Return International Equity ETF 2.2 37 38 8.4 -1.4
INCO Columbia India Consumer ETF 2.2 75 0 1.9 -7.9
VIGI Vanguard International Dividend Appreciation ETF 2.1 10 65 6.4 -3.5
QTUM Defiance Quantum ETF 2.1 40 35 5.6 -4.2
IDOG ALPS International Sector Dividend Dogs ETF 2.0 50 25 12.2 +2.4
FDD First Trust Stoxx European Select Dividend Index Fund 2.0 58 17 11.4 +1.6
CRAK VanEck Oil Refiners ETF 2.0 61 14 13.8 +4.0
RGEF Rockefeller Global Equity ETF 2.0 55 20 4.8 -5.0
SCHY Schwab International Dividend Equity ETF 1.8 14 61 9.7 -0.1
ARTY iShares Future AI & Tech ETF 1.8 47 28 3.6 -6.2
FKU First Trust United Kingdom AlphaDEX Fund 1.7 80 -5 7.3 -2.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.7 60 15 8.2 -1.6
SDIV Global X Superdividend ETF 1.7 58 17 41.0 +31.2
RCGE RockCreek Global Equality ETF 1.7 95 -20 6.7 -3.1
DTCR Global X Data Center & Digital Infrastructure ETF 1.7 50 25 4.4 -5.4
TPIF Timothy Plan International ETF 1.7 62 13 6.3 -3.6
IGRO iShares International Dividend Growth ETF 1.7 15 60 7.3 -2.5
EPU iShares MSCI Peru and Global Exposure ETF 1.6 59 16 6.6 -3.2
LIVR Intelligent Livermore ETF 1.6 69 6 5.4 -4.4
JGLO JPMorgan Global Select Equity ETF 1.6 33 42 5.0 -4.8
ROBO ROBO Global Robotics & Automation Index ETF 1.5 95 -20 3.5 -6.3
DGIN VanEck Digital India ETF 1.5 71 4 2.2 -7.6
IXG iShares Global Financials ETF 1.4 42 33 6.5 -3.3
IDV iShares International Select Dividend ETF 1.4 51 24 10.7 +0.8
IPAV Global X Infrastructure Development ex-U.S. ETF 1.4 55 20 7.8 -2.0
CIL VictoryShares International Volatility Wtd ETF 1.4 45 30 6.6 -3.2
METV Roundhill Ball Metaverse ETF 1.4 59 16 7.9 -2.0
BINV Brandes International ETF 1.4 70 5 9.4 -0.4
IDHQ Invesco S&P International Developed High Quality ETF 1.4 29 46 6.7 -3.1
DGT SPDR Global Dow ETF 1.3 50 25 7.0 -2.8
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.3 78 -3 9.4 -0.4
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.2 24 51 7.4 -2.4
SPDW SPDR Portfolio Developed World ex-US ETF 1.2 3 72 7.1 -2.8
CZA Invesco Zacks Mid-Cap ETF 1.2 72 3 6.5 -3.3
FCLD Fidelity Cloud Computing ETF 1.1 39 36 3.2 -6.6
TTAI FCF International Quality ETF 1.0 59 16 7.2 -2.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.0 9 66 5.7 -4.1
SNSR Global X Internet of Things ETF 0.9 68 7 4.5 -5.3
IDAT iShares Future Cloud 5G and Tech ETF 0.9 47 28 4.7 -5.1
MXI iShares Global Materials ETF 0.9 41 34 7.6 -2.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.8 56 19 10.7 +0.9
BRAZ Global X Brazil Active ETF 0.8 75 0 12.6 +2.8
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.8 80 -5 5.0 -4.8
KXI iShares Global Consumer Staples ETF 0.8 41 34 5.5 -4.3
OCEN IQ Clean Oceans ETF 0.8 45 30 6.0 -3.8
IXP iShares Global Comm Services ETF 0.8 42 33 5.6 -4.2
IOO iShares Global 100 ETF 0.8 41 34 4.8 -5.0
HAP VanEck Natural Resources ETF 0.7 50 25 9.3 -0.5
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.7 45 30 4.0 -5.8
GINN Goldman Sachs Innovate Equity ETF 0.6 52 23 3.7 -6.1
FEP First Trust Europe AlphaDEX Fund 0.6 80 -5 9.2 -0.7
VCLN Virtus Duff & Phelps Clean Energy ETF 0.6 59 16 4.7 -5.1
RNRG Global X Renewable Energy Producers ETF 0.6 66 9 5.5 -4.3
ICLN iShares Global Clean Energy ETF 0.6 41 34 5.2 -4.6
CGGR Capital Group Growth ETF 0.6 39 36 3.2 -6.6
RXI iShares Global Consumer Discretionary ETF 0.6 41 34 9.3 -0.5
KPOP KPOP and Korean Entertainment ETF 0.6 75 0 2.0 -7.8
FDCF Fidelity Disruptive Communications ETF 0.6 50 25 2.8 -7.0
SOCL Global X Social Media ETF 0.6 65 10 9.0 -0.8
GSFP Goldman Sachs Future Planet Equity ETF 0.5 75 0 4.8 -5.0
PBD Invesco Global Clean Energy ETF 0.5 75 0 -0.3 -10.1
IBAT iShares Energy Storage & Materials ETF 0.5 47 28 3.8 -6.0
IXJ iShares Global Healthcare ETF 0.5 42 33 7.2 -2.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 26 6.9 -2.9
AGNG Global X Aging Population ETF 0.5 50 25 4.9 -4.9
SHLD Global X Defense Tech ETF 0.5 50 25 3.3 -6.5
CGDG Capital Group Dividend Growers ETF 0.4 47 28 6.3 -3.5
MOTO SmartETFs Smart Transportation & Technology ETF 0.4 68 7 7.4 -2.4
GCOW Pacer Global Cash Cows Dividend ETF 0.4 60 15 10.8 +1.0
SDG iShares MSCI Global Sustainable Development Goals ETF 0.4 49 26 5.9 -4.0
CGGO Capital Group Global Growth Equity ETF 0.4 47 28 4.7 -5.1
JXI iShares Global Utilities ETF 0.4 43 32 5.9 -3.9
EXI iShares Global Industrials ETF 0.4 42 33 4.5 -5.3
FTAG First Trust Indxx Global Agriculture ETF 0.3 70 5 8.4 -1.5
CCNR ALPS CoreCommodity Natural Resources ETF 0.3 39 36 11.0 +1.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 36 5.8 -4.0
DIVI Franklin International Core Dividend Tilt Index ETF 0.3 9 66 8.0 -1.8
JHDV John Hancock U.S. High Dividend ETF 0.3 34 41 6.6 -3.2
VGK Vanguard FTSE Europe ETF 0.3 6 69 7.5 -2.3
SPEU SPDR Portfolio Europe ETF 0.3 7 68 7.4 -2.4
IDRV iShares Self-driving EV & Tech ETF 0.3 47 28 1.8 -8.0
BBEU JPMorgan BetaBuilders Europe ETF 0.3 9 66 7.3 -2.5
IQSI IQ Candriam International Equity ETF 0.3 15 60 6.7 -3.1
FLEE Franklin FTSE Europe ETF 0.3 9 66 7.3 -2.6
HELX Franklin Genomic Advancements ETF 0.3 50 25 -0.2 -10.1
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 30 6.1 -3.7
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.2 75 0 4.8 -5.0
FPAG FPA Global Equity ETF 0.2 49 26 5.8 -4.1
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 55 6.9 -2.9
BKIE BNY Mellon International Equity ETF 0.2 4 71 7.1 -2.7
SUPL ProShares Supply Chain Logistics ETF 0.2 58 17 11.8 +2.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 28 5.8 -4.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 36 8.0 -1.9
VYM Vanguard High Dividend Yield Index ETF 0.1 6 69 7.0 -2.8
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 17 4.8 -5.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 33 5.4 -4.4
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 66 4.7 -5.1
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 36 6.8 -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:		 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 15.5 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 9.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.49 CATEGORY
AVERAGE		 1.51
 
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.