First Trust Bloomberg Emerging Market Democracies ETF
ALTAR
Score™		 6.2% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 17.5x P/Sales
ratio		 2.5x
P/BV
ratio		 2.2x Div.
yield		 1.9%


  • 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) $39
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) $235,418
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 11.8 %
SAMSUNG ELECTRONICS CO LTD 10.9 %
HYNIX SEMICONDUCTOR INC 7.5 %
GRUPO MEXICO S.A.B. DE C.V. CLASS 3.8 %
OTP BANK PLC 2.2 %
PETROBRAS - PETROLEO BRAS-PR 2.2 %
NASPERS LTD-N SHS 2.1 %
ANGLOGOLD ASHANTI LTD 2.0 %
HDFC BANK LIMITED 1.9 %
PKO BANK POLSKI SA 1.9 %
Total 46.3 %

TOP COUNTRY EXPOSURE
SOUTH KOREA 22.7 %
TAIWAN 17.9 %
INDIA 12.6 %
SOUTH AFRICA 12.0 %
BRAZIL 11.5 %
MEXICO 8.4 %
POLAND 4.5 %
HUNGARY 2.2 %
CHILE 1.3 %
PERU 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.
37.7% 86.0% -- -- 29.8%

Market Correlations
versus... Beta R-squared
S&P500 1.43 49%
MSCI EAFE 1.31 67%
MSCI Emg. Mkts. 1.13 86%

Technical Indicators
Recent close $41.32
30d moving avg. $42.51
Annualized volatility 16.3%
Short interest (ETF) 5.2%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 14
Turnover 1.5%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $4,190

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 412 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™: 6.2%


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
(%)
FTHF First Trust Emerging Markets Human Flourishing ETF 52.4 75 0 5.7 -0.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 50.7 24 51 5.2 -1.1
EMXC iShares MSCI Emerging Markets ex China ETF 49.5 25 50 5.0 -1.2
XCEM Columbia EM Core ex-China ETF 47.0 16 59 4.9 -1.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 43.7 30 45 7.9 +1.7
EEM iShares MSCI Emerging Markets ETF 43.5 69 6 7.8 +1.5
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 43.3 69 6 7.4 +1.2
JADE JPMorgan Active Developing Markets Equity ETF 42.7 65 10 6.0 -0.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 41.0 15 60 7.9 +1.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 41.0 66 9 7.2 +1.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 40.5 70 5 6.9 +0.6
IEMG iShares Core MSCI Emerging Markets ETF 40.3 9 66 8.2 +1.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 40.2 32 43 4.8 -1.4
BKEM BNY Mellon Emerging Markets Equity ETF 39.7 11 64 7.9 +1.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 39.7 36 39 7.6 +1.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 39.0 32 43 7.4 +1.2
ESGE iShares ESG Aware MSCI EM ETF 38.7 25 50 8.2 +2.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 38.6 33 42 6.7 +0.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 38.2 20 55 12.9 +6.6
EMGF iShares Emerging Markets Equity Factor ETF 37.9 25 50 8.9 +2.7
JIVE JPMorgan International Value ETF 37.5 55 20 8.1 +1.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 37.3 45 30 8.0 +1.8
ECON Columbia Emerging Markets Consumer ETF 37.2 49 26 6.6 +0.3
FLAX Franklin FTSE Asia Ex Japan ETF 37.0 19 56 7.1 +0.9
EEMA iShares MSCI Emerging Markets Asia ETF 36.8 49 26 7.5 +1.3
DFAE Dimensional Emerging Core Equity Market ETF 36.3 35 40 7.0 +0.7
AIA iShares Asia 50 ETF 36.2 50 25 7.6 +1.4
VEXC Vanguard Emerging Markets Ex-China ETF 35.5 7 68 5.6 -0.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 35.4 15 60 8.8 +2.6
JHEM John Hancock Multifactor Emerging Markets ETF 34.9 49 26 7.5 +1.3
XCNY SPDR S&P Emerging Markets ex-China ETF 33.3 15 60 5.6 -0.6
FDEM Fidelity Emerging Markets Multifactor ETF 32.4 25 50 10.4 +4.2
FRDM Freedom 100 Emerging Markets ETF 31.8 49 26 5.3 -0.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 31.8 53 22 5.0 -1.2
EMM Global X Emerging Markets ex-China ETF 30.3 75 0 4.7 -1.5
AGIX KraneShares Artificial Intelligence and Technology ETF 29.8 99 -24 1.1 -5.1
VWO Vanguard FTSE Emerging Markets ETF 29.7 7 68 9.1 +2.9
SCHE Schwab Emerging Markets Equity ETF 29.5 11 64 9.4 +3.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 29.3 38 37 7.0 +0.8
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 28.9 40 35 6.2 -0.0
MEM Matthews Emerging Markets Equity Active ETF 28.9 79 -4 8.5 +2.2
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 28.6 88 -13 7.9 +1.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 28.2 39 36 13.7 +7.4
PATN Pacer Nasdaq International Patent Leaders ETF 28.1 65 10 4.0 -2.2
PXH Invesco FTSE RAFI Emerging Markets ETF 28.1 49 26 13.5 +7.3
EMMF WisdomTree Emerging Markets Multifactor Fund 27.7 48 27 8.6 +2.3
SPEM SPDR Portfolio Emerging Markets ETF 26.8 7 68 9.4 +3.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 26.1 59 16 8.5 +2.3
LDEM iShares ESG MSCI EM Leaders ETF 25.8 17 58 12.8 +6.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 25.8 30 45 7.6 +1.4
XC WisdomTree Emerging Markets Ex-China Fund 24.5 32 43 6.5 +0.2
NUEM Nuveen ESG Emerging Markets Equity ETF 24.4 36 39 6.0 -0.2
EMXF iShares ESG Advanced MSCI EM ETF 23.9 16 59 6.6 +0.4
DEHP Dimensional Emerging Markets High Profitability ETF 23.5 41 34 4.8 -1.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 22.5 41 34 6.9 +0.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 22.3 50 25 8.3 +2.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 22.1 95 -20 10.0 +3.8
EMC Global X Emerging Markets Great Consumer ETF 21.2 75 0 7.1 +0.9
FLLA Franklin FTSE Latin America ETF 20.8 19 56 10.6 +4.4
FLKR Franklin FTSE South Korea ETF 20.7 9 66 4.2 -2.0
EWY iShares MSCI South Korea ETF 20.7 58 17 3.3 -3.0
AVEM Avantis Emerging Markets Equity ETF 19.3 33 42 7.0 +0.8
FLTW Franklin FTSE Taiwan ETF 19.1 19 56 3.3 -2.9
EWT iShares MSCI Taiwan ETF 19.1 58 17 2.9 -3.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 18.7 44 31 9.5 +3.3
RNEM First Trust Emerging Markets Equity Select ETF 18.6 75 0 8.0 +1.8
FLN First Trust Latin America AlphaDEX Fund 18.4 80 -5 9.9 +3.7
CGXU Capital Group International Focus Equity ETF 18.1 54 21 3.8 -2.5
DFEV Dimensional Emerging Markets Value ETF 17.6 43 32 9.3 +3.1
AVXC Avantis Emerging Markets Ex-China Equity ETF 17.6 33 42 6.0 -0.2
BKF iShares MSCI BIC ETF 17.0 69 6 14.8 +8.6
MINV Matthews Asia Innovators Active ETF 17.0 79 -4 5.3 -1.0
VSGX Vanguard ESG International Stock ETF 17.0 10 65 6.5 +0.3
ROAM Hartford Multifactor Emerging Markets ETF 16.6 44 31 7.6 +1.4
AVSE Avantis Responsible Emerging Markets Equity ETF 16.6 33 42 6.6 +0.4
GMF SPDR S&P Emerging Asia Pacific ETF 16.6 49 26 8.6 +2.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 16.3 25 50 6.1 -0.2
ACWX iShares MSCI ACWI ex U.S. ETF 15.9 34 41 6.3 +0.1
KNCT Invesco Next Gen Connectivity ETF 15.6 40 35 2.9 -3.3
FRGN Horizon International Equity ETF 15.6 75 0 7.7 +1.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 15.2 41 34 5.9 -0.4
VPL Vanguard FTSE Pacific ETF 15.0 7 68 5.2 -1.1
VEU Vanguard FTSE All-World ex-US Index Fund 14.8 4 71 6.7 +0.4
ILF iShares Latin America 40 ETF 14.5 48 27 9.6 +3.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 14.5 35 40 10.2 +3.9
VXUS Vanguard Total International Stock ETF 14.0 5 70 6.6 +0.4
JIG JPMorgan International Growth ETF 14.0 55 20 3.6 -2.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 13.9 18 57 6.3 +0.0
IXUS iShares Core MSCI Total International Stock ETF 13.7 7 68 6.6 +0.3
DEM WisdomTree Emerging Markets High Dividend Fund 13.0 63 12 10.3 +4.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 12.8 42 33 4.0 -2.2
NFTY First Trust India NIFTY 50 Equal Weight ETF 12.8 80 -5 5.0 -1.3
INDA iShares MSCI India ETF 12.3 65 10 4.6 -1.7
INDY iShares India 50 ETF 12.3 89 -14 5.3 -0.9
IXN iShares Global Tech ETF 12.1 41 34 2.6 -3.6
PIN Invesco India ETF 11.9 78 -3 5.3 -1.0
UMMA Wahed Dow Jones Islamic World ETF 11.5 65 10 3.5 -2.7
FLIN Franklin FTSE India ETF 10.9 19 56 4.1 -2.1
FLBR Franklin FTSE Brazil ETF 10.8 19 56 11.8 +5.5
DOL WisdomTree International LargeCap Dividend Fund 10.7 48 27 5.6 -0.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 10.7 47 28 7.1 +0.9
IQDF FlexShares International Quality Dividend Index Fund 10.5 47 28 7.4 +1.2
EPI WisdomTree India Earnings Fund 10.4 85 -10 5.2 -1.1
EWZ iShares MSCI Brazil ETF 10.3 58 17 10.6 +4.4
DVYE iShares Emerging Markets Dividend ETF 9.8 49 26 18.0 +11.8
EEMO Invesco S&P Emerging Markets Momentum ETF 9.7 29 46 6.5 +0.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 9.6 90 -15 3.6 -2.7
UEVM VictoryShares Emerging Markets Value Momentum ETF 9.5 45 30 9.7 +3.5
AIQ Global X Artificial Intelligence & Technology ETF 9.3 68 7 2.8 -3.5
CHAT Roundhill Generative AI & Technology ETF 9.2 75 0 4.1 -2.1
WTAI WisdomTree Artificial Intelligence and Innovation Fund 9.1 45 30 1.8 -4.4
IMFL Invesco International Developed Dynamic Multifactor ETF 9.0 34 41 5.2 -1.1
CLNR IQ Cleaner Transport ETF 9.0 45 30 3.9 -2.3
DINT Davis Select International ETF 8.9 55 20 6.0 -0.2
FLMX Franklin FTSE Mexico ETF 8.8 19 56 8.9 +2.6
EWW iShares MSCI Mexico ETF 8.8 50 25 8.4 +2.2
AFK VanEck Africa Index ETF 8.7 98 -23 11.5 +5.3
FNDF Schwab Fundamental International Large Co. Index ETF 8.5 25 50 7.4 +1.1
AVES Avantis Emerging Markets Value ETF 8.3 36 39 9.1 +2.8
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 8.3 60 15 8.9 +2.6
EZA iShares MSCI South Africa ETF 8.2 58 17 9.6 +3.3
FEM First Trust Emerging Markets AlphaDEX Fund 8.1 80 -5 8.9 +2.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 8.0 29 46 8.9 +2.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 8.0 30 45 6.4 +0.2
OAIM OneAscent International Equity ETF 7.8 95 -20 4.5 -1.7
VYMI Vanguard International High Dividend Yield ETF 7.7 17 58 7.9 +1.7
AQLT iShares MSCI Global Quality Factor ETF 7.6 18 57 0.0 -6.2
AIVC Amplify Bloomberg AI Value Chain ETF 7.6 59 16 3.5 -2.8
FEOE First Eagle Overseas Equity ETF 7.5 79 -4 6.1 -0.1
HFXI IQ FTSE International Equity Currency Neutral ETF 7.4 20 55 5.5 -0.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 7.1 80 -5 7.4 +1.2
CWI SPDR MSCI ACWI ex-US ETF 7.1 30 45 6.4 +0.1
PICK iShares MSCI Global Metals & Mining Producers ETF 7.0 39 36 8.5 +2.3
NXTG First Trust Indxx NextG ETF 6.9 70 5 3.5 -2.7
WRND IQ Global Equity R&D Leaders ETF 6.8 18 57 4.0 -2.2
CARZ First Trust NASDAQ Global Auto Index Fund 6.8 70 5 2.3 -3.9
GMET VanEck Green Metals ETF 6.6 63 12 1.0 -5.3
EYLD Cambria Emerging Shareholder Yield ETF 6.5 66 9 9.0 +2.8
ARTY iShares Future AI & Tech ETF 6.5 47 28 2.5 -3.8
SCHF Schwab International Equity ETF 6.5 6 69 5.9 -0.4
BAI iShares AI Innovation and Tech Active ETF 6.4 55 20 0.9 -5.3
FBOT Fidelity Disruptive Automation ETF 6.4 50 25 2.9 -3.3
CGGO Capital Group Global Growth Equity ETF 6.3 47 28 4.0 -2.3
GTEK Goldman Sachs Future Tech Leaders Equity ETF 6.2 75 0 1.8 -4.5
AIS VistaShares Artificial Intelligence Supercycle ETF 6.1 75 0 0.9 -5.4
IGRO iShares International Dividend Growth ETF 6.1 15 60 6.6 +0.4
VEA Vanguard FTSE Developed Markets ETF 6.0 3 72 5.9 -0.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.9 20 55 4.7 -1.5
NDIA Global X India Active ETF 5.8 75 0 5.1 -1.2
ACWI iShares MSCI ACWI ETF 5.8 32 43 4.6 -1.6
DTCR Global X Data Center & Digital Infrastructure ETF 5.7 50 25 3.4 -2.8
FEGE First Eagle Global Equity ETF 5.6 79 -4 6.1 -0.1
WWJD Inspire International ETF 5.4 80 -5 6.4 +0.1
CHPX Global X AI Semiconductor & Quantum ETF 5.3 50 25 1.6 -4.7
VT Vanguard Total World Stock ETF 5.2 6 69 5.0 -1.3
GVAL Cambria Global Value ETF 5.1 68 7 8.5 +2.3
DWLD Davis Select Worldwide ETF 5.1 63 12 6.7 +0.5
FMET Fidelity Metaverse ETF 5.1 39 36 4.4 -1.9
ICOP iShares Copper and Metals Mining ETF 5.0 47 28 5.8 -0.4
AGQI First Trust Active Global Quality Income ETF 5.0 85 -10 6.4 +0.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 4.9 46 29 8.1 +1.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 4.8 80 -5 7.0 +0.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 4.8 45 30 6.7 +0.5
IGPT Invesco AI and Next Gen Software ETF 4.8 60 15 2.3 -4.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.8 12 63 4.4 -1.8
KLMT Invesco MSCI Global Climate 500 ETF 4.6 10 65 4.9 -1.4
EPOL iShares MSCI Poland ETF 4.6 59 16 8.8 +2.5
GLOF iShares Global Equity Factor ETF 4.5 20 55 5.5 -0.7
MOTI VanEck Morningstar International Moat ETF 4.4 58 17 10.3 +4.1
TINY ProShares Nanotechnology ETF 4.3 58 17 1.2 -5.1
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.3 60 15 10.8 +4.5
RGEF Rockefeller Global Equity ETF 4.3 55 20 3.7 -2.5
ACWV iShares MSCI Global Min Vol Factor ETF 4.3 20 55 5.7 -0.5
VIDI Vident International Equity Strategy ETF 4.3 61 14 8.2 +2.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 4.3 70 5 9.4 +3.1
EDIV SPDR S&P Emerging Markets Dividend ETF 4.1 49 26 8.8 +2.5
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.9 67 8 12.5 +6.2
JSTC Adasina Social Justice All Cap Global ETF 3.8 89 -14 4.2 -2.0
DSTX Distillate International Fundamental Stability & Value ETF 3.7 55 20 6.6 +0.4
XT iShares Exponential Technologies ETF 3.6 46 29 3.8 -2.4
MOTG VanEck Morningstar Global Wide Moat ETF 3.5 52 23 8.0 +1.8
PIEL Pacer International Export Leaders ETF 3.5 60 15 4.0 -2.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.4 65 10 7.3 +1.1
EPU iShares MSCI Peru and Global Exposure ETF 3.4 59 16 4.4 -1.9
GKAT Scharf Global Opportunity ETF 3.3 57 18 5.8 -0.4
OTGL OTG Latin America ETF 3.2 269 -194 7.7 +1.5
BLES Inspire Global Hope ETF 3.1 61 14 5.7 -0.5
UIVM VictoryShares International Value Momentum ETF 3.1 35 40 8.0 +1.8
JPIN J.P. Morgan Diversified Return International Equity ETF 3.0 37 38 7.1 +0.9
CIL VictoryShares International Volatility Wtd ETF 2.9 45 30 5.9 -0.4
IDOG ALPS International Sector Dividend Dogs ETF 2.8 50 25 9.4 +3.2
BATT Amplify Lithium & Battery Technology ETF 2.8 59 16 2.1 -4.2
ABLG Abacus FCF International Leaders ETF 2.6 59 16 6.5 +0.2
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.6 65 10 1.4 -4.9
SPDW SPDR Portfolio Developed World ex-US ETF 2.6 3 72 5.8 -0.4
IOO iShares Global 100 ETF 2.5 41 34 3.9 -2.4
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 2.5 58 17 9.1 +2.9
IPAV Global X Infrastructure Development ex-U.S. ETF 2.4 55 20 6.0 -0.3
FDNI First Trust Dow Jones International Internet ETF 2.4 65 10 25.2 +19.0
VIGI Vanguard International Dividend Appreciation ETF 2.4 10 65 6.0 -0.3
MXI iShares Global Materials ETF 2.2 41 34 6.2 -0.1
TPIF Timothy Plan International ETF 2.2 62 13 5.6 -0.7
DGT State Street SPDR Global Dow ETF 2.2 50 25 5.7 -0.6
SDIV Global X Superdividend ETF 2.1 58 17 13.7 +7.5
DWX SPDR S&P International Dividend ETF 2.0 45 30 6.7 +0.5
QTUM Defiance Quantum ETF 2.0 40 35 3.7 -2.6
INCO Columbia India Consumer ETF 2.0 75 0 2.2 -4.1
IDHQ Invesco S&P International Developed High Quality ETF 2.0 29 46 5.0 -1.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.9 24 51 6.9 +0.7
SCHY Schwab International Dividend Equity ETF 1.8 14 61 8.4 +2.2
FDD First Trust Stoxx European Select Dividend Index Fund 1.8 58 17 9.9 +3.7
CRAK VanEck Oil Refiners ETF 1.8 61 14 8.5 +2.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.7 9 66 4.8 -1.4
FKU First Trust United Kingdom AlphaDEX Fund 1.7 80 -5 7.2 +1.0
BRAZ Global X Brazil Active ETF 1.7 75 0 10.3 +4.1
GLIN VanEck India Growth Leaders ETF 1.7 77 -2 5.4 -0.9
RING iShares MSCI Global Gold Miners ETF 1.6 39 36 4.1 -2.1
JGLO JPMorgan Global Select Equity ETF 1.6 33 42 4.3 -2.0
ROBO ROBO Global Robotics & Automation Index ETF 1.6 95 -20 2.4 -3.8
IXG iShares Global Financials ETF 1.6 42 33 5.9 -0.3
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 1.6 80 -5 3.6 -2.6
HAP VanEck Natural Resources ETF 1.5 50 25 6.9 +0.7
OBOR KraneShares MSCI One Belt One Road Index ETF 1.5 79 -4 7.6 +1.4
ION ProShares S&P Global Core Battery Metals ETF 1.5 58 17 6.6 +0.4
OCEN IQ Clean Oceans ETF 1.5 45 30 4.6 -1.6
CGGR Capital Group Growth ETF 1.4 39 36 2.5 -3.7
GPT Intelligent Alpha Atlas ETF 1.4 69 6 6.0 -0.2
FPXI First Trust International Equity Opportunities ETF 1.4 70 5 3.7 -2.5
TTAI FCF International Quality ETF 1.4 59 16 6.9 +0.7
ECH iShares MSCI Chile ETF 1.3 58 17 7.5 +1.3
RCGE RockCreek Global Equality ETF 1.3 95 -20 5.9 -0.3
FDTX Fidelity Disruptive Technology ETF 1.3 50 25 1.5 -4.7
SNSR Global X Internet of Things ETF 1.3 68 7 3.4 -2.8
METV Roundhill Ball Metaverse ETF 1.3 59 16 7.8 +1.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.3 47 28 5.0 -1.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.2 60 15 6.7 +0.5
EXI iShares Global Industrials ETF 1.2 42 33 3.6 -2.7
DGIN VanEck Digital India ETF 1.2 71 4 1.4 -4.8
GREK Global X MSCI Greece ETF 1.1 57 18 8.9 +2.6
PBD Invesco Global Clean Energy ETF 1.1 75 0 0.3 -5.9
IBAT iShares Energy Storage & Materials ETF 1.1 47 28 1.6 -4.6
CZA Invesco Zacks Mid-Cap ETF 1.1 72 3 5.7 -0.6
JHDV John Hancock U.S. High Dividend ETF 1.1 34 41 5.8 -0.4
RXI iShares Global Consumer Discretionary ETF 1.1 41 34 8.3 +2.1
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.0 78 -3 9.6 +3.4
DEW WisdomTree Global High Dividend Fund 1.0 58 17 7.1 +0.9
KVLE KraneShares Value Line Dynamic Dividend Equity Index ETF 1.0 56 19 6.8 +0.5
TMAT Main Thematic Innovation ETF 1.0 164 -89 -1.9 -8.2
GDIV Harbor Dividend Growth Leaders ETF 1.0 50 25 3.9 -2.3
SETM Sprott Energy Transition Materials ETF 1.0 65 10 1.9 -4.3
FXZ First Trust Materials AlphaDEX Fund 1.0 61 14 7.0 +0.8
COPX Global X Copper Miners ETF 1.0 65 10 4.5 -1.8
IYM iShares U.S. Basic Materials ETF 1.0 40 35 4.6 -1.6
QMOM Alpha Architect U.S. Quantitative Momentum ETF 1.0 39 36 1.1 -5.1
ZIG Acquirers Fund 1.0 84 -9 21.0 +14.8
CCSO Carbon Collective Climate Solutions US Equity ETF 1.0 35 40 1.0 -5.3
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 1.0 49 26 4.5 -1.8
AGMI Themes Silver Miners ETF 1.0 35 40 4.5 -1.7
COPA Themes Copper Miners ETF 1.0 35 40 3.2 -3.1
ABFL Abacus FCF Leaders ETF 1.0 59 16 3.7 -2.5
SGRT SMART Earnings Growth 30 ETF 1.0 59 16 2.3 -3.9
STRN SMART Trend 25 ETF 1.0 59 16 2.3 -3.9
YNOT Horizon Digital Frontier ETF 1.0 75 0 2.6 -3.7
ACEP ARS Core Equity ETF 1.0 45 30 4.0 -2.2
CGV Conductor Global Equity Value ETF 1.0 130 -55 7.9 +1.7
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.0 70 5 4.0 -2.2
CCNR ALPS CoreCommodity Natural Resources ETF 1.0 39 36 8.5 +2.3
KXI iShares Global Consumer Staples ETF 1.0 41 34 5.4 -0.9
POW VistaShares Electrification Supercycle ETF 0.9 75 0 2.2 -4.1
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.9 52 23 5.0 -1.2
FFND Future Fund Active ETF 0.9 100 -25 4.3 -2.0
FDLS Inspire Fidelis Multi Factor ETF 0.9 76 -1 3.1 -3.1
COLO Global X MSCI Colombia ETF 0.9 62 13 14.7 +8.5
FFOG Franklin Focused Growth ETF 0.8 61 14 1.6 -4.7
JXI iShares Global Utilities ETF 0.8 43 32 5.1 -1.2
IQM Franklin Intelligent Machines ETF 0.8 50 25 1.1 -5.1
CGIE Capital Group International Equity ETF 0.8 54 21 4.6 -1.7
BINV Brandes International ETF 0.8 70 5 8.5 +2.3
SRVR Pacer Data & Infrastructure Real Estate ETF 0.8 55 20 4.2 -2.0
HUMN Roundhill Humanoid Robotics ETF 0.7 75 0 1.3 -4.9
FPAG FPA Global Equity ETF 0.7 49 26 5.7 -0.5
PTL Inspire 500 ETF 0.7 9 66 4.4 -1.8
FCLD Fidelity Cloud Computing ETF 0.7 39 36 2.9 -3.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.7 65 10 8.1 +1.9
VCLN Virtus Duff & Phelps Clean Energy ETF 0.7 59 16 2.6 -3.7
RNRG Global X Renewable Energy Producers ETF 0.7 66 9 4.6 -1.6
VUSE Vident U.S. Equity Strategy ETF 0.6 50 25 3.7 -2.6
GEW Cambria Global EW ETF 0.6 29 46 5.3 -0.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.6 86 -11 13.0 +6.8
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.6 86 -11 0.2 -6.0
FEP First Trust Europe AlphaDEX Fund 0.6 80 -5 6.9 +0.7
DIVI Franklin International Core Dividend Tilt Index ETF 0.5 9 66 6.5 +0.3
FTAG First Trust Indxx Global Agriculture ETF 0.5 70 5 7.1 +0.8
IDRV iShares Self-driving EV & Tech ETF 0.5 47 28 1.5 -4.8
ANEW ProShares MSCI Transformational Changes ETF 0.5 45 30 4.3 -1.9
MOTO SmartETFs Smart Transportation & Technology ETF 0.5 68 7 5.5 -0.8
CGW Invesco S&P Global Water Index ETF 0.4 57 18 4.4 -1.8
PIO Invesco Global Water ETF 0.4 75 0 4.4 -1.9
EFRA iShares Environmental Infrastructure and Industrials ETF 0.4 47 28 4.9 -1.3
BBEU JPMorgan BetaBuilders Europe ETF 0.4 9 66 6.2 -0.0
AFLG First Trust Active Factor Large Cap ETF 0.4 55 20 5.0 -1.3
IQSI IQ Candriam International Equity ETF 0.4 15 60 5.5 -0.7
FLEE Franklin FTSE Europe ETF 0.4 9 66 6.3 +0.1
VGK Vanguard FTSE Europe ETF 0.4 6 69 6.6 +0.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.4 18 57 6.8 +0.5
QDEF FlexShares Quality Dividend Defensive Index Fund 0.4 37 38 5.4 -0.8
GNR SPDR S&P Global Natural Resources ETF 0.4 40 35 8.8 +2.6
SPEU SPDR Portfolio Europe ETF 0.4 7 68 6.5 +0.3
FMDE Fidelity Enhanced Mid Cap ETF 0.3 23 52 5.3 -0.9
INQQ India Internet & Ecommerce ETF 0.3 86 -11 0.6 -5.7
EQAL Invesco Russell 1000 Equal Weight ETF 0.3 20 55 6.1 -0.2
SDG iShares MSCI Global Sustainable Development Goals ETF 0.3 49 26 4.6 -1.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 26 6.1 -0.1
FNDA Schwab Fundamental US Small Co. Index ETF 0.3 25 50 5.9 -0.4
GINN Goldman Sachs Innovate Equity ETF 0.3 52 23 3.7 -2.5
URA Global X Uranium ETF 0.3 69 6 1.0 -5.2
TNUK Tortoise Nuclear Renaissance ETF 0.3 75 0 0.9 -5.4
IHAK iShares Cybersecurity & Tech ETF 0.3 47 28 3.1 -3.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.3 20 55 5.8 -0.4
BFOR ALPS Barron's 400 ETF 0.2 65 10 21.2 +15.0
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.2 56 19 9.7 +3.5
IDV iShares International Select Dividend ETF 0.2 51 24 9.4 +3.1
GCOW Pacer Global Cash Cows Dividend ETF 0.2 60 15 9.6 +3.4
ISHP First Trust Nasdaq Retail ETF 0.2 60 15 5.4 -0.8
FDCF Fidelity Disruptive Communications ETF 0.2 50 25 1.8 -4.5
SOCL Global X Social Media ETF 0.2 65 10 12.7 +6.4
IXP iShares Global Comm Services ETF 0.2 42 33 5.8 -0.5
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 63 4.8 -1.4
SHLD Global X Defense Tech ETF 0.2 50 25 3.3 -2.9
EV Mast Global Battery Recycling & Production ETF 0.2 65 10 6.4 +0.1
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.2 39 36 1.0 -5.2
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.2 72 3 2.5 -3.8
SMOG VanEck Low Carbon Energy ETF 0.2 61 14 1.3 -5.0
CTEC Global X CleanTech ETF 0.2 50 25 -0.0 -6.2
DRIV Global X Autonomous & Electric Vehicles ETF 0.2 68 7 3.2 -3.0
LIT Global X Lithium & Battery Tech ETF 0.2 75 0 5.6 -0.7
CGDG Capital Group Dividend Growers ETF 0.2 47 28 5.2 -1.1
COPY Tweedy, Browne Insider + Value ETF 0.2 80 -5 14.5 +8.3
ICPY Tweedy, Browne International Insider Value ETF 0.2 80 -5 20.9 +14.6
BKIE BNY Mellon International Equity ETF 0.2 4 71 5.9 -0.3
JMOM JPMorgan U.S. Momentum Factor ETF 0.2 12 63 3.2 -3.0
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 62 1.6 -4.6
SFY SoFi Select 500 ETF 0.2 0 75 3.7 -2.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 36 7.0 +0.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.2 9 66 5.1 -1.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 36 6.8 +0.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.2 58 17 3.5 -2.7
AGNG Global X Aging Population ETF 0.2 50 25 4.3 -2.0
IXJ iShares Global Healthcare ETF 0.2 42 33 6.3 +0.0
EQIN Columbia US Equity Income ETF 0.2 35 40 6.1 -0.2
RVRB Reverb ETF 0.2 30 45 3.8 -2.4
VYM Vanguard High Dividend Yield Index ETF 0.2 6 69 6.0 -0.2
VSLU Applied Finance Valuation Large Cap ETF 0.1 49 26 4.9 -1.4
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.1 14 61 4.1 -2.1
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 60 4.5 -1.7
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 50 5.3 -0.9
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.1 10 65 4.2 -2.0
DFVX Dimensional US Large Cap Vector ETF 0.1 22 53 5.2 -1.0
DUHP Dimensional US High Profitability ETF 0.1 21 54 5.2 -1.1
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 40 4.2 -2.0
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 66 4.1 -2.2
IWX iShares Russell Top 200 Value ETF 0.1 20 55 4.8 -1.4
LRGF iShares U.S. Equity Factor ETF 0.1 8 67 4.6 -1.7
MNZL Manzil Russell Halal USA Broad MarketETF 0.1 40 35 3.7 -2.5
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 43 3.9 -2.3
ILCV iShares Morningstar Value ETF 0.0 4 71 5.3 -1.0
HLAL Wahed FTSE USA Shariah ETF 0.0 50 25 3.6 -2.7
IWD iShares Russell 1000 Value ETF 0.0 19 56 5.2 -1.0
NACP Impact Shares NAACP Minority Empowerment ETF 0.0 49 26 3.6 -2.7
VONV Vanguard Russell 1000 Value ETF 0.0 7 68 5.3 -0.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.0 19 56 5.0 -1.2
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 63 5.2 -1.0
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.0 20 55 5.9 -0.3
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 41 5.5 -0.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.0 2 73 4.1 -2.1
BKLC BNY Mellon US Large Cap Core Equity ETF 0.0 0 75 4.1 -2.1
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 58 6.4 +0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.0 9 66 4.3 -1.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.0 7 68 4.1 -2.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 46 5.5 -0.7
VOTE TCW Transform 500 ETF 0.0 5 70 4.1 -2.2
RAUS RACWI US ETF 0.0 15 60 4.1 -2.1
AVSD Avantis Responsible International Equity ETF 0.0 23 52 5.9 -0.4
IWL iShares Russell Top 200 ETF 0.0 15 60 3.9 -2.4
ILCB iShares Morningstar U.S. Equity ETF 0.0 3 72 4.1 -2.2
DFUS Dimensional U.S. Equity ETF 0.0 9 66 4.0 -2.2
DIVB iShares Core Dividend ETF 0.0 5 70 6.8 +0.6
DFAU Dimensional US Core Equity Market ETF 0.0 12 63 4.3 -2.0
IWB iShares Russell 1000 ETF 0.0 15 60 4.1 -2.1
VONE Vanguard Russell 1000 ETF 0.0 7 68 4.2 -2.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 33 4.0 -2.2
JHML John Hancock Multifactor Large Cap ETF 0.0 29 46 4.4 -1.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 50 4.8 -1.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 64 4.1 -2.1
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 58 4.6 -1.6
GXLC Global X U.S. 500 ETF 0.0 2 73 4.0 -2.2
IWV iShares Russell 3000 ETF 0.0 20 55 4.0 -2.3
VTHR Vanguard Russell 3000 ETF 0.0 7 68 4.1 -2.1
AVDE Avantis International Equity ETF 0.0 23 52 6.2 -0.0
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.0 42 33 7.7 +1.5
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 50 6.1 -0.2
EBI Longview Advantage ETF 0.0 35 40 5.9 -0.4
DFIV Dimensional International Value ETF 0.0 27 48 7.7 +1.5
DCOR Dimensional US Core Equity 1 ETF 0.0 14 61 4.5 -1.7
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 57 4.6 -1.7
DXUV Dimensional US Vector Equity ETF 0.0 28 47 5.2 -1.1
DFAI Dimensional International Core Equity Market ETF 0.0 18 57 6.0 -0.2
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.0 29 46 4.0 -2.3
DFIC Dimensional International Core Equity 2 ETF 0.0 23 52 6.2 +0.0
GVLU Gotham 1000 Value ETF 0.0 50 25 8.2 +2.0
DIHP Dimensional International High Profitability ETF 0.0 29 46 5.8 -0.5
THRO iShares U.S. Thematic Rotation Active ETF 0.0 90 -15 3.1 -3.2

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:

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 14.8 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.50 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.