First Trust Bloomberg Emerging Market Democracies ETF
ALTAR
Score™		 9.6% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 12.7x P/Sales
ratio		 1.7x
P/BV
ratio		 1.7x Div.
yield		 2.9%


  • 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) $12
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 107
Wgt avg mkt cap (mns) $201,476
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 9.7 %
SAMSUNG ELECTRONICS CO LTD 8.0 %
GRUPO MEXICO S.A.B. DE C.V. CLASS 5.2 %
HYNIX SEMICONDUCTOR INC 3.7 %
NASPERS LTD-N SHS 3.4 %
AMERICA MOVIL, S.A.B. DE C.V. (CLA 3.0 %
PETROBRAS - PETROLEO BRAS-PR 2.9 %
ANGLOGOLD ASHANTI LTD 2.9 %
OTP BANK PLC 2.8 %
ITAU UNIBANCO HOLDING SA 2.6 %
Total 44.2 %

TOP COUNTRY EXPOSURE
SOUTH KOREA 16.1 %
BRAZIL 15.3 %
TAIWAN 14.6 %
SOUTH AFRICA 14.4 %
INDIA 14.2 %
MEXICO 11.3 %
POLAND 6.0 %
HUNGARY 2.8 %
PERU 1.5 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
51.0% 40.2% -- -- 17.8%

Market Correlations
versus... Beta R-squared
S&P500 0.77 57%
MSCI EAFE 0.97 65%
MSCI Emg. Mkts. 1.00 79%

Technical Indicators
Recent close $30.56
30d moving avg. $30.18
Annualized volatility 16.3%
Short interest (ETF) 0.7%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 6
Turnover 1.5%
Bid/Ask (% of price) 0.25%
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™: 9.6%


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 54.2 32 43 7.3 -2.2
FTHF First Trust Emerging Markets Human Flourishing ETF 48.1 75 0 9.1 -0.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 46.0 24 51 7.2 -2.3
EMXC iShares MSCI Emerging Markets ex China ETF 44.2 25 50 6.9 -2.6
XCEM Columbia EM Core ex-China ETF 39.6 16 59 7.6 -2.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 37.6 15 60 7.4 -2.1
XC WisdomTree Emerging Markets Ex-China Fund 37.5 32 43 5.4 -4.2
EEMA iShares MSCI Emerging Markets Asia ETF 35.6 49 26 9.0 -0.6
EEM iShares MSCI Emerging Markets ETF 35.5 69 6 9.4 -0.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 35.4 66 9 8.8 -0.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 35.3 30 45 9.8 +0.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 35.0 15 60 9.5 -0.0
BKEM BNY Mellon Emerging Markets Equity ETF 34.6 11 64 9.2 -0.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 34.3 36 39 9.0 -0.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 33.9 33 42 9.2 -0.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 33.7 70 5 8.4 -1.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 33.4 20 55 9.7 +0.2
XCNY SPDR S&P Emerging Markets ex-China ETF 33.3 15 60 7.2 -2.4
ECON Columbia Emerging Markets Consumer ETF 33.0 49 26 11.6 +2.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 32.5 32 43 8.4 -1.2
JHEM John Hancock Multifactor Emerging Markets ETF 32.4 49 26 9.4 -0.2
IEMG iShares Core MSCI Emerging Markets ETF 31.5 9 66 9.7 +0.1
EMGF iShares Emerging Markets Equity Factor ETF 31.5 25 50 10.7 +1.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 31.4 45 30 9.5 -0.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 31.4 32 43 6.3 -3.3
FLAX Franklin FTSE Asia Ex Japan ETF 31.2 19 56 8.4 -1.2
JADE JPMorgan Active Developing Markets Equity ETF 31.0 65 10 7.6 -1.9
ESGE iShares ESG Aware MSCI EM ETF 30.4 25 50 9.3 -0.3
PXH Invesco FTSE RAFI Emerging Markets ETF 28.3 49 26 14.7 +5.2
SCHE Schwab Emerging Markets Equity ETF 27.8 11 64 10.4 +0.9
DFAE Dimensional Emerging Core Equity Market ETF 27.8 35 40 8.5 -1.0
VWO Vanguard FTSE Emerging Markets ETF 27.2 7 68 10.1 +0.5
FDEM Fidelity Emerging Markets Multifactor ETF 26.7 25 50 12.0 +2.4
FRDM Freedom 100 Emerging Markets ETF 26.5 49 26 7.2 -2.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 26.1 39 36 15.3 +5.8
AIA iShares Asia 50 ETF 25.4 50 25 12.7 +3.1
DEXC Dimensional Emerging Markets ex China Core EquityETF 25.2 53 22 7.2 -2.4
EMXF iShares ESG Advanced MSCI EM ETF 24.4 16 59 7.9 -1.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 23.9 88 -13 7.9 -1.6
SPEM SPDR Portfolio Emerging Markets ETF 23.9 7 68 10.3 +0.7
LDEM iShares ESG MSCI EM Leaders ETF 23.9 17 58 13.8 +4.2
FLLA Franklin FTSE Latin America ETF 23.8 19 56 12.1 +2.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 22.9 30 45 9.0 -0.6
EMMF WisdomTree Emerging Markets Multifactor Fund 22.6 48 27 7.0 -2.6
NUEM Nuveen ESG Emerging Markets Equity ETF 22.4 36 39 7.3 -2.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 22.3 59 16 8.5 -1.0
MEM Matthews Emerging Markets Equity Active ETF 21.5 79 -4 7.3 -2.3
DEHP Dimensional Emerging Markets High Profitability ETF 21.1 41 34 6.3 -3.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 21.0 40 35 6.7 -2.9
MINV Matthews Asia Innovators Active ETF 21.0 79 -4 7.0 -2.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 20.8 38 37 8.5 -1.0
PATN Pacer Nasdaq International Patent Leaders ETF 20.3 65 10 5.4 -4.2
RNEM First Trust Emerging Markets Equity Select ETF 19.8 75 0 8.4 -1.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 19.6 50 25 10.2 +0.6
EVLU iShares MSCI Emerging Markets Value Factor ETF 18.8 35 40 16.1 +6.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 18.7 95 -20 10.9 +1.3
FLN First Trust Latin America AlphaDEX Fund 17.9 80 -5 10.9 +1.3
BKF iShares MSCI BIC ETF 17.2 69 6 12.9 +3.3
ROAM Hartford Multifactor Emerging Markets ETF 16.7 44 31 11.0 +1.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 16.7 41 34 8.1 -1.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 16.2 44 31 10.4 +0.8
FLKR Franklin FTSE South Korea ETF 16.1 9 66 7.3 -2.3
EWY iShares MSCI South Korea ETF 16.1 58 17 6.5 -3.0
DFEV Dimensional Emerging Markets Value ETF 15.7 43 32 11.8 +2.3
KNCT Invesco Next Gen Connectivity ETF 15.3 40 35 4.5 -5.0
ILF iShares Latin America 40 ETF 15.0 48 27 11.4 +1.9
AVXC Avantis Emerging Markets Ex-China Equity ETF 15.0 33 42 8.0 -1.5
AVEM Avantis Emerging Markets Equity ETF 14.8 33 42 8.1 -1.4
FLTW Franklin FTSE Taiwan ETF 14.6 19 56 5.9 -3.6
EWT iShares MSCI Taiwan ETF 14.6 58 17 5.7 -3.8
GMF SPDR S&P Emerging Asia Pacific ETF 14.4 49 26 9.3 -0.2
INDA iShares MSCI India ETF 14.1 65 10 4.5 -5.0
NFTY First Trust India NIFTY 50 Equal Weight ETF 14.0 80 -5 4.6 -5.0
FLBR Franklin FTSE Brazil ETF 13.9 19 56 13.4 +3.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 13.8 25 50 6.4 -3.1
INDY iShares India 50 ETF 13.8 89 -14 4.9 -4.6
PIN Invesco India ETF 13.1 78 -3 4.6 -4.9
FLIN Franklin FTSE India ETF 12.7 19 56 3.9 -5.6
EWZ iShares MSCI Brazil ETF 12.2 58 17 11.7 +2.2
EPI WisdomTree India Earnings Fund 11.9 85 -10 4.8 -4.7
AVSE Avantis Responsible Emerging Markets Equity ETF 11.9 33 42 7.8 -1.7
IVES Wedbush ETFMG Global Cloud Technology ETF 11.8 68 7 6.1 -3.4
ACWX iShares MSCI ACWI ex U.S. ETF 11.4 34 41 7.3 -2.3
VSGX Vanguard ESG International Stock ETF 11.3 10 65 7.4 -2.1
FLMX Franklin FTSE Mexico ETF 11.3 19 56 9.7 +0.1
EWW iShares MSCI Mexico ETF 11.3 50 25 9.2 -0.4
EMM Global X Emerging Markets ex-China ETF 11.1 75 0 7.1 -2.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 10.9 18 57 7.2 -2.4
AVES Avantis Emerging Markets Value ETF 10.8 36 39 10.7 +1.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 10.6 41 34 7.1 -2.5
VEU Vanguard FTSE All-World ex-US Index Fund 10.5 4 71 7.6 -1.9
VXUS Vanguard Total International Stock ETF 10.0 5 70 7.6 -2.0
IXUS iShares Core MSCI Total International Stock ETF 9.9 7 68 7.5 -2.1
EMC Global X Emerging Markets Great Consumer ETF 9.8 75 0 7.4 -2.1
DEM WisdomTree Emerging Markets High Dividend Fund 9.8 63 12 12.7 +3.2
DVYE iShares Emerging Markets Dividend ETF 9.4 49 26 17.8 +8.2
IMFL Invesco International Developed Dynamic Multifactor ETF 9.3 34 41 5.6 -4.0
AIVC Amplify Bloomberg AI Value Chain ETF 9.3 59 16 5.8 -3.8
IXN iShares Global Tech ETF 9.0 41 34 3.5 -6.1
AFK VanEck Africa Index ETF 9.0 98 -23 14.3 +4.8
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 8.5 60 15 10.3 +0.8
CGXU Capital Group International Focus Equity ETF 8.5 54 21 5.4 -4.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 8.4 42 33 6.3 -3.3
CHAT Roundhill Generative AI & Technology ETF 8.2 75 0 7.8 -1.8
EZA iShares MSCI South Africa ETF 8.1 58 17 9.6 +0.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.0 47 28 7.8 -1.8
UEVM VictoryShares Emerging Markets Value Momentum ETF 7.9 45 30 10.1 +0.5
EEMO Invesco S&P Emerging Markets Momentum ETF 7.8 29 46 7.5 -2.0
FBOT Fidelity Disruptive Automation ETF 7.7 50 25 3.5 -6.1
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 7.6 90 -15 4.8 -4.7
VPL Vanguard FTSE Pacific ETF 7.6 7 68 6.3 -3.2
DSTX Distillate International Fundamental Stability & Value ETF 7.5 55 20 7.5 -2.0
WRND IQ Global Equity R&D Leaders ETF 7.4 18 57 7.5 -2.0
IQDF FlexShares International Quality Dividend Index Fund 7.3 47 28 8.4 -1.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 7.2 29 46 8.8 -0.7
JIG JPMorgan International Growth ETF 7.1 55 20 4.7 -4.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 6.8 65 10 10.2 +0.6
FEM First Trust Emerging Markets AlphaDEX Fund 6.6 80 -5 11.3 +1.8
WTAI WisdomTree Artificial Intelligence and Innovation Fund 6.5 45 30 2.6 -7.0
AIQ Global X Artificial Intelligence & Technology ETF 6.4 68 7 3.7 -5.9
WWJD Inspire International ETF 6.3 80 -5 7.0 -2.5
VYMI Vanguard International High Dividend Yield ETF 6.3 17 58 9.0 -0.6
JIVE JPMorgan International Value ETF 6.2 55 20 10.7 +1.2
UMMA Wahed Dow Jones Islamic World ETF 6.0 65 10 4.8 -4.8
NDIA Global X India Active ETF 6.0 75 0 5.2 -4.3
EPOL iShares MSCI Poland ETF 6.0 59 16 11.0 +1.4
CARZ First Trust NASDAQ Global Auto Index Fund 5.9 70 5 4.2 -5.4
CWI SPDR MSCI ACWI ex-US ETF 5.8 30 45 7.5 -2.1
DINT Davis Select International ETF 5.7 55 20 7.7 -1.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 5.6 70 5 11.7 +2.2
NXTG First Trust Indxx NextG ETF 5.6 70 5 5.0 -4.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 5.5 30 45 7.4 -2.1
FEOE First Eagle Overseas Equity ETF 5.4 79 -4 7.0 -2.6
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.4 80 -5 9.5 -0.0
EDIV SPDR S&P Emerging Markets Dividend ETF 5.3 49 26 9.3 -0.2
FMET Fidelity Metaverse ETF 5.2 39 36 4.8 -4.8
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 5.2 85 -10 6.1 -3.4
GMET VanEck Green Metals ETF 5.2 63 12 7.3 -2.2
ICOP iShares Copper and Metals Mining ETF 5.2 47 28 7.5 -2.0
PICK iShares MSCI Global Metals & Mining Producers ETF 5.1 39 36 10.7 +1.1
FNDF Schwab Fundamental International Large Co. Index ETF 5.0 25 50 8.9 -0.7
INDF Nifty India Financials ETF 4.9 75 0 6.7 -2.8
ACWV iShares MSCI Global Min Vol Factor ETF 4.8 20 55 5.9 -3.7
GTEK Goldman Sachs Future Tech Leaders Equity ETF 4.7 75 0 2.9 -6.7
GKAT Scharf Global Opportunity ETF 4.7 57 18 6.0 -3.5
CLNR IQ Cleaner Transport ETF 4.7 45 30 5.0 -4.5
GVAL Cambria Global Value ETF 4.6 68 7 10.4 +0.8
AGQI First Trust Active Global Quality Income ETF 4.6 85 -10 4.5 -5.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 4.5 45 30 8.3 -1.3
KLMT Invesco MSCI Global Climate 500 ETF 4.5 10 65 5.6 -4.0
DWLD Davis Select Worldwide ETF 4.5 63 12 7.2 -2.4
EYLD Cambria Emerging Shareholder Yield ETF 4.4 66 9 11.6 +2.0
IGPT Invesco AI and Next Gen Software ETF 4.4 60 15 4.4 -5.2
CHPX Global X AI Semiconductor & Quantum ETF 4.4 50 25 3.2 -6.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 4.2 46 29 9.4 -0.2
AIS VistaShares Artificial Intelligence Supercycle ETF 4.1 75 0 2.6 -6.9
DMAT Global X Disruptive Materials ETF 4.1 59 16 6.7 -2.8
ACWI iShares MSCI ACWI ETF 4.1 32 43 5.3 -4.2
ICPY Tweedy, Browne International Insider Value ETF 3.9 80 -5 0.0 -9.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.9 20 55 5.5 -4.1
FDNI First Trust Dow Jones International Internet ETF 3.8 65 10 22.9 +13.4
MOTI VanEck Morningstar International Moat ETF 3.7 58 17 10.7 +1.2
VIDI Vident International Equity Strategy ETF 3.6 61 14 10.3 +0.8
VT Vanguard Total World Stock ETF 3.6 6 69 5.7 -3.9
HFXI IQ FTSE International Equity Currency Neutral ETF 3.5 20 55 6.5 -3.0
RODE Hartford Multifactor Diversified International ETF 3.5 29 46 10.4 +0.8
FDTX Fidelity Disruptive Technology ETF 3.5 50 25 2.6 -6.9
ISHP First Trust Nasdaq Retail ETF 3.5 60 15 5.6 -3.9
BLES Inspire Global Hope ETF 3.4 61 14 6.8 -2.8
GLIN VanEck India Growth Leaders ETF 3.4 77 -2 5.7 -3.8
OAIM OneAscent International Equity ETF 3.4 95 -20 5.5 -4.1
SDIV Global X Superdividend ETF 3.3 58 17 41.6 +32.0
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 3.3 65 10 2.0 -7.6
MOTG VanEck Morningstar Global Wide Moat ETF 3.2 52 23 8.9 -0.7
FEGE First Eagle Global Equity ETF 3.2 79 -4 6.5 -3.1
COPY Tweedy, Browne Insider + Value ETF 3.1 80 -5 11.6 +2.1
DTCR Global X Data Center & Digital Infrastructure ETF 3.1 50 25 3.8 -5.7
SCHF Schwab International Equity ETF 3.1 6 69 6.8 -2.8
DEW WisdomTree Global High Dividend Fund 3.1 58 17 8.2 -1.4
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.0 65 10 8.1 -1.5
UIVM VictoryShares International Value Momentum ETF 2.9 35 40 8.2 -1.3
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.9 80 -5 8.4 -1.1
XT iShares Exponential Technologies ETF 2.9 46 29 4.6 -5.0
VEA Vanguard FTSE Developed Markets ETF 2.9 3 72 6.8 -2.8
JSTC Adasina Social Justice All Cap Global ETF 2.7 89 -14 5.0 -4.5
DWX SPDR S&P International Dividend ETF 2.7 45 30 7.2 -2.4
JPIN J.P. Morgan Diversified Return International Equity ETF 2.6 37 38 7.8 -1.8
VIGI Vanguard International Dividend Appreciation ETF 2.6 10 65 6.3 -3.2
RING iShares MSCI Global Gold Miners ETF 2.6 39 36 3.6 -5.9
BATT Amplify Lithium & Battery Technology ETF 2.5 59 16 2.8 -6.8
GLOF iShares Global Equity Factor ETF 2.5 20 55 6.6 -2.9
INCO Columbia India Consumer ETF 2.5 75 0 1.7 -7.8
RGEF Rockefeller Global Equity ETF 2.5 55 20 4.5 -5.0
FKU First Trust United Kingdom AlphaDEX Fund 2.4 80 -5 7.5 -2.0
OTGL OTG Latin America ETF 2.4 269 -194 8.1 -1.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.4 12 63 5.1 -4.4
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.4 67 8 14.7 +5.1
TPIF Timothy Plan International ETF 2.0 62 13 6.0 -3.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.0 60 15 7.8 -1.7
IDOG ALPS International Sector Dividend Dogs ETF 2.0 50 25 11.4 +1.8
FDD First Trust Stoxx European Select Dividend Index Fund 2.0 58 17 11.1 +1.5
CRAK VanEck Oil Refiners ETF 2.0 61 14 11.6 +2.1
JGLO JPMorgan Global Select Equity ETF 2.0 33 42 5.0 -4.6
SCHY Schwab International Dividend Equity ETF 2.0 14 61 9.2 -0.4
IDHQ Invesco S&P International Developed High Quality ETF 2.0 29 46 6.4 -3.2
ARTY iShares Future AI & Tech ETF 2.0 47 28 3.6 -5.9
IGRO iShares International Dividend Growth ETF 1.9 15 60 7.0 -2.6
DGT State Street SPDR Global Dow ETF 1.9 50 25 6.5 -3.0
DGIN VanEck Digital India ETF 1.9 71 4 1.8 -7.8
BRAZ Global X Brazil Active ETF 1.8 75 0 11.3 +1.8
QTUM Defiance Quantum ETF 1.8 40 35 5.3 -4.3
CIL VictoryShares International Volatility Wtd ETF 1.7 45 30 6.3 -3.3
RCGE RockCreek Global Equality ETF 1.6 95 -20 6.6 -3.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.6 24 51 7.1 -2.4
ROBO ROBO Global Robotics & Automation Index ETF 1.5 95 -20 3.2 -6.4
BINV Brandes International ETF 1.5 70 5 9.0 -0.5
IPAV Global X Infrastructure Development ex-U.S. ETF 1.5 55 20 6.7 -2.8
EPU iShares MSCI Peru and Global Exposure ETF 1.5 59 16 5.7 -3.9
SPDW SPDR Portfolio Developed World ex-US ETF 1.4 3 72 6.6 -2.9
IXG iShares Global Financials ETF 1.4 42 33 6.6 -3.0
METV Roundhill Ball Metaverse ETF 1.4 59 16 9.3 -0.3
IDV iShares International Select Dividend ETF 1.1 51 24 9.9 +0.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.1 78 -3 8.9 -0.6
CZA Invesco Zacks Mid-Cap ETF 1.1 72 3 7.3 -2.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.1 9 66 5.6 -4.0
MXI iShares Global Materials ETF 1.1 41 34 7.0 -2.5
TTAI FCF International Quality ETF 1.0 59 16 7.3 -2.3
FCLD Fidelity Cloud Computing ETF 0.9 39 36 3.4 -6.1
IOO iShares Global 100 ETF 0.9 41 34 4.5 -5.1
VCLN Virtus Duff & Phelps Clean Energy ETF 0.9 59 16 3.9 -5.7
CGGR Capital Group Growth ETF 0.9 39 36 3.4 -6.2
KXI iShares Global Consumer Staples ETF 0.8 41 34 5.7 -3.9
OCEN IQ Clean Oceans ETF 0.8 45 30 5.1 -4.4
HAP VanEck Natural Resources ETF 0.8 50 25 8.7 -0.9
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.7 45 30 1.4 -8.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.7 86 -11 14.2 +4.7
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.7 86 -11 0.5 -9.1
GINN Goldman Sachs Innovate Equity ETF 0.7 52 23 3.6 -5.9
SNSR Global X Internet of Things ETF 0.7 68 7 4.9 -4.6
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.7 56 19 10.2 +0.6
RXI iShares Global Consumer Discretionary ETF 0.7 41 34 8.3 -1.3
GSFP Goldman Sachs Future Planet Equity ETF 0.6 75 0 4.2 -5.3
PBD Invesco Global Clean Energy ETF 0.6 75 0 0.9 -8.7
IBAT iShares Energy Storage & Materials ETF 0.6 47 28 2.7 -6.9
HUMN Roundhill Humanoid Robotics ETF 0.6 75 0 1.9 -7.7
IXP iShares Global Comm Services ETF 0.6 42 33 5.7 -3.8
KAT Scharf ETF 0.6 87 -12 5.9 -3.6
FEP First Trust Europe AlphaDEX Fund 0.6 80 -5 8.0 -1.6
FTAG First Trust Indxx Global Agriculture ETF 0.5 70 5 8.3 -1.3
JHDV John Hancock U.S. High Dividend ETF 0.5 34 41 6.7 -2.8
CGDG Capital Group Dividend Growers ETF 0.5 47 28 5.9 -3.6
CGGO Capital Group Global Growth Equity ETF 0.4 47 28 4.2 -5.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 36 5.6 -3.9
KPOP KPOP and Korean Entertainment ETF 0.4 75 0 2.6 -6.9
FDCF Fidelity Disruptive Communications ETF 0.4 50 25 4.2 -5.3
SOCL Global X Social Media ETF 0.4 65 10 11.1 +1.6
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 36 9.0 -0.6
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.4 80 -5 4.2 -5.3
SHLD Global X Defense Tech ETF 0.4 50 25 3.3 -6.2
SDG iShares MSCI Global Sustainable Development Goals ETF 0.4 49 26 4.9 -4.6
GEW Cambria Global EW ETF 0.4 29 46 0.0 -9.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 26 6.8 -2.8
EXI iShares Global Industrials ETF 0.4 42 33 4.4 -5.2
AGNG Global X Aging Population ETF 0.4 50 25 4.4 -5.1
DIVI Franklin International Core Dividend Tilt Index ETF 0.4 9 66 7.6 -2.0
MOTO SmartETFs Smart Transportation & Technology ETF 0.3 68 7 6.5 -3.0
GCOW Pacer Global Cash Cows Dividend ETF 0.3 60 15 10.2 +0.7
BBEU JPMorgan BetaBuilders Europe ETF 0.3 9 66 7.0 -2.6
IQSI IQ Candriam International Equity ETF 0.3 15 60 6.2 -3.4
INQQ India Internet & Ecommerce ETF 0.3 86 -11 1.3 -8.2
FLEE Franklin FTSE Europe ETF 0.3 9 66 6.9 -2.6
VGK Vanguard FTSE Europe ETF 0.3 6 69 7.2 -2.4
SPEU SPDR Portfolio Europe ETF 0.3 7 68 7.1 -2.5
FPAG FPA Global Equity ETF 0.3 49 26 5.7 -3.9
IXJ iShares Global Healthcare ETF 0.2 42 33 6.5 -3.0
IDRV iShares Self-driving EV & Tech ETF 0.2 47 28 1.3 -8.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 55 6.5 -3.1
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 30 5.2 -4.4
TINY ProShares Nanotechnology ETF 0.2 58 17 3.2 -6.4
BKIE BNY Mellon International Equity ETF 0.2 4 71 6.6 -3.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.2 47 28 5.6 -3.9
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.1 75 0 3.5 -6.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 36 7.5 -2.1
SUPL ProShares Supply Chain Logistics ETF 0.1 58 17 10.2 +0.6
HELX Franklin Genomic Advancements ETF 0.1 50 25 -0.4 -9.9
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 17 4.4 -5.2
VYM Vanguard High Dividend Yield Index ETF 0.1 6 69 6.9 -2.6
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 33 5.3 -4.3
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 66 4.7 -4.8
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 36 6.7 -2.9

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 16.1 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 9.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.51 CATEGORY
AVERAGE		 1.54
 
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.