First Trust Bloomberg Emerging Market Democracies ETF
ALTAR
Score™		 9.0% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 11.8x P/Sales
ratio		 1.5x
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) $10
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) $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 10.5 %
SAMSUNG ELECTRONICS CO LTD 7.9 %
GRUPO MEXICO S.A.B. DE C.V. CLASS 4.7 %
NASPERS LTD-N SHS 4.5 %
HYNIX SEMICONDUCTOR INC 3.0 %
AMERICA MOVIL, S.A.B. DE C.V. (CLA 3.0 %
GRUPO FINANCIERO BANORTE-O 2.9 %
BAJAJ FINANCE LIMITED 2.9 %
ANGLOGOLD ASHANTI LTD 2.7 %
GOLD FIELDS LTD 2.7 %
Total 44.8 %

TOP COUNTRY EXPOSURE
SOUTH KOREA 18.0 %
TAIWAN 17.1 %
SOUTH AFRICA 15.9 %
INDIA 13.8 %
BRAZIL 11.4 %
MEXICO 11.0 %
POLAND 5.7 %
HUNGARY 2.4 %
PERU 1.5 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
39.9% 19.7% -- -- 15.5%

Market Correlations
versus... Beta R-squared
S&P500 0.75 34%
MSCI EAFE 0.58 25%
MSCI Emg. Mkts. 0.58 21%

Technical Indicators
Recent close $28.45
30d moving avg. $27.54
Annualized volatility 16.2%
Short interest (ETF) 0.7%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $4,190

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 286 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™: 9.0%


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 51.2 32 43 7.5 -1.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 48.0 24 51 7.8 -1.2
FTHF First Trust Emerging Markets Human Flourishing ETF 46.9 75 0 7.9 -1.1
EMXC iShares MSCI Emerging Markets ex China ETF 43.4 25 50 7.4 -1.5
XCEM Columbia EM Core ex-China ETF 41.2 16 59 8.0 -0.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 38.9 15 60 7.7 -1.3
XC WisdomTree Emerging Markets Ex-China Fund 37.9 32 43 6.4 -2.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 36.7 66 9 9.2 +0.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 35.9 15 60 10.1 +1.1
EEM iShares MSCI Emerging Markets ETF 35.7 69 6 10.0 +1.1
BKEM BNY Mellon Emerging Markets Equity ETF 35.7 11 64 9.9 +0.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 35.4 36 39 9.5 +0.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 35.2 30 45 10.1 +1.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 35.2 33 42 9.8 +0.9
EEMA iShares MSCI Emerging Markets Asia ETF 34.9 49 26 10.0 +1.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 33.8 20 55 10.4 +1.5
ECON Columbia Emerging Markets Consumer ETF 33.5 49 26 12.0 +3.0
XCNY SPDR S&P Emerging Markets ex-China ETF 33.4 15 60 7.6 -1.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 33.4 70 5 9.1 +0.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 33.2 32 43 9.0 +0.1
JHEM John Hancock Multifactor Emerging Markets ETF 32.6 49 26 10.0 +1.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 32.5 45 30 10.1 +1.2
FLAX Franklin FTSE Asia Ex Japan ETF 32.4 19 56 9.0 +0.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 31.7 32 43 6.8 -2.1
EMGF iShares Emerging Markets Equity Factor ETF 31.4 25 50 11.5 +2.5
SCHE Schwab Emerging Markets Equity ETF 30.9 11 64 10.8 +1.8
ESGE iShares ESG Aware MSCI EM ETF 30.4 25 50 9.9 +1.0
IEMG iShares Core MSCI Emerging Markets ETF 30.3 9 66 10.3 +1.3
PXH Invesco FTSE RAFI Emerging Markets ETF 27.9 49 26 15.7 +6.8
VWO Vanguard FTSE Emerging Markets ETF 27.0 7 68 10.1 +1.2
DFAE Dimensional Emerging Core Equity Market ETF 26.9 35 40 9.2 +0.2
FDEM Fidelity Emerging Markets Multifactor ETF 26.7 25 50 12.8 +3.8
AIA iShares Asia 50 ETF 26.4 50 25 11.9 +2.9
FRDM Freedom 100 Emerging Markets ETF 26.2 49 26 8.0 -0.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 24.9 39 36 16.2 +7.2
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 24.6 88 -13 8.6 -0.4
DEXC Dimensional Emerging Markets ex China Core EquityETF 24.0 53 22 7.8 -1.2
EMXF iShares ESG Advanced MSCI EM ETF 23.9 16 59 8.4 -0.6
MEM Matthews Emerging Markets Equity Active ETF 23.4 79 -4 7.7 -1.2
SPEM SPDR Portfolio Emerging Markets ETF 23.4 7 68 10.4 +1.5
NUEM Nuveen ESG Emerging Markets Equity ETF 23.0 36 39 7.7 -1.3
MINV Matthews Asia Innovators Active ETF 23.0 79 -4 7.2 -1.8
LDEM iShares ESG MSCI EM Leaders ETF 22.9 17 58 13.8 +4.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 22.4 59 16 8.8 -0.1
EMMF WisdomTree Emerging Markets Multifactor Fund 21.9 48 27 7.4 -1.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 21.6 40 35 7.0 -2.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 21.6 95 -20 11.7 +2.8
FLLA Franklin FTSE Latin America ETF 21.6 19 56 13.1 +4.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 20.9 30 45 9.1 +0.2
EEMO Invesco S&P Emerging Markets Momentum ETF 20.1 29 46 6.7 -2.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 20.0 38 37 9.2 +0.2
PATN Pacer Nasdaq International Patent Leaders ETF 19.9 65 10 5.8 -3.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 19.9 50 25 11.0 +2.1
DEHP Dimensional Emerging Markets High Profitability ETF 19.6 41 34 6.6 -2.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 18.3 33 42 8.5 -0.4
RNEM First Trust Emerging Markets Equity Select ETF 17.9 75 0 7.9 -1.1
ROAM Hartford Multifactor Emerging Markets ETF 16.8 44 31 12.0 +3.1
FLTW Franklin FTSE Taiwan ETF 16.4 19 56 6.5 -2.5
EWT iShares MSCI Taiwan ETF 16.4 58 17 6.3 -2.6
FLKR Franklin FTSE South Korea ETF 16.4 9 66 8.5 -0.4
EWY iShares MSCI South Korea ETF 16.4 58 17 7.8 -1.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 16.1 44 31 10.6 +1.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 16.0 41 34 8.7 -0.3
AVEM Avantis Emerging Markets Equity ETF 15.6 33 42 8.5 -0.4
ILF iShares Latin America 40 ETF 15.3 48 27 12.8 +3.9
AVSE Avantis Responsible Emerging Markets Equity ETF 15.1 33 42 8.3 -0.6
EVLU iShares MSCI Emerging Markets Value Factor ETF 15.0 35 40 17.7 +8.7
DFEV Dimensional Emerging Markets Value ETF 14.8 43 32 13.3 +4.3
BKF iShares MSCI BIC ETF 14.6 69 6 13.6 +4.7
KNCT Invesco Next Gen Connectivity ETF 14.2 40 35 4.6 -4.4
GMF SPDR S&P Emerging Asia Pacific ETF 14.2 49 26 9.3 +0.4
NFTY First Trust India NIFTY 50 Equal Weight ETF 13.9 80 -5 5.3 -3.7
FLIN Franklin FTSE India ETF 12.3 19 56 4.3 -4.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 12.1 25 50 6.5 -2.4
IVES Wedbush ETFMG Global Cloud Technology ETF 11.5 68 7 6.4 -2.5
INDA iShares MSCI India ETF 11.3 65 10 4.8 -4.1
FLBR Franklin FTSE Brazil ETF 11.3 19 56 14.9 +6.0
FLMX Franklin FTSE Mexico ETF 11.2 19 56 10.3 +1.3
EWW iShares MSCI Mexico ETF 11.2 50 25 9.9 +1.0
AVES Avantis Emerging Markets Value ETF 11.2 36 39 11.1 +2.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 11.0 18 57 7.9 -1.0
INDY iShares India 50 ETF 11.0 89 -14 5.1 -3.8
FLN First Trust Latin America AlphaDEX Fund 10.9 80 -5 10.6 +1.6
ACWX iShares MSCI ACWI ex U.S. ETF 10.9 34 41 7.6 -1.4
VSGX Vanguard ESG International Stock ETF 10.7 10 65 7.6 -1.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 10.7 41 34 7.3 -1.7
EWZ iShares MSCI Brazil ETF 10.6 58 17 13.5 +4.6
EMM Global X Emerging Markets ex-China ETF 10.5 75 0 6.3 -2.6
PIN Invesco India ETF 10.5 78 -3 4.9 -4.1
AFK VanEck Africa Index ETF 10.4 98 -23 11.1 +2.1
VEU Vanguard FTSE All-World ex-US Index Fund 9.9 4 71 8.0 -0.9
EPI WisdomTree India Earnings Fund 9.8 85 -10 5.4 -3.6
DEM WisdomTree Emerging Markets High Dividend Fund 9.5 63 12 13.7 +4.8
AIVC Amplify Bloomberg AI Value Chain ETF 9.5 59 16 5.0 -3.9
IXUS iShares Core MSCI Total International Stock ETF 9.4 7 68 7.8 -1.2
VXUS Vanguard Total International Stock ETF 9.4 5 70 7.8 -1.1
EZA iShares MSCI South Africa ETF 8.6 58 17 9.2 +0.2
EMC Global X Emerging Markets Great Consumer ETF 8.6 75 0 11.0 +2.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 8.4 42 33 7.2 -1.8
DVYE iShares Emerging Markets Dividend ETF 8.4 49 26 19.1 +10.1
FEM First Trust Emerging Markets AlphaDEX Fund 8.4 80 -5 11.5 +2.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.3 47 28 8.3 -0.6
CGXU Capital Group International Focus Equity ETF 8.3 54 21 5.4 -3.5
IXN iShares Global Tech ETF 8.1 41 34 3.5 -5.5
DSTX Distillate International Fundamental Stability & Value ETF 8.1 55 20 7.8 -1.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 7.9 60 15 10.5 +1.5
JIG JPMorgan International Growth ETF 7.8 55 20 4.7 -4.3
FBOT Fidelity Disruptive Automation ETF 7.7 50 25 3.6 -5.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 7.7 90 -15 7.0 -1.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 7.6 29 46 9.3 +0.4
IQDF FlexShares International Quality Dividend Index Fund 7.5 47 28 9.0 +0.0
UEVM VictoryShares Emerging Markets Value Momentum ETF 7.5 45 30 10.9 +1.9
WRND IQ Global Equity R&D Leaders ETF 7.4 18 57 8.0 -0.9
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 7.4 80 -5 9.1 +0.2
CHAT Roundhill Generative AI & Technology ETF 7.2 75 0 8.6 -0.4
INDF Nifty India Financials ETF 6.9 75 0 8.7 -0.2
WTAI WisdomTree Artificial Intelligence and Innovation Fund 6.5 45 30 2.4 -6.5
VPL Vanguard FTSE Pacific ETF 6.5 7 68 6.8 -2.1
WWJD Inspire International ETF 6.4 80 -5 7.4 -1.6
ICOP iShares Copper and Metals Mining ETF 6.4 47 28 7.1 -1.8
VYMI Vanguard International High Dividend Yield ETF 6.2 17 58 9.6 +0.7
CARZ First Trust NASDAQ Global Auto Index Fund 6.2 70 5 4.5 -4.5
EPOL iShares MSCI Poland ETF 5.8 59 16 11.3 +2.4
CWI SPDR MSCI ACWI ex-US ETF 5.7 30 45 7.5 -1.5
DINT Davis Select International ETF 5.7 55 20 7.9 -1.0
FMET Fidelity Metaverse ETF 5.4 39 36 4.6 -4.4
NXTG First Trust Indxx NextG ETF 5.4 70 5 5.1 -3.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 5.3 65 10 12.1 +3.1
EDIV SPDR S&P Emerging Markets Dividend ETF 5.3 49 26 12.1 +3.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 5.3 70 5 13.3 +4.4
AGQI First Trust Active Global Quality Income ETF 5.2 85 -10 4.9 -4.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 5.2 30 45 7.8 -1.1
GVAL Cambria Global Value ETF 5.0 68 7 10.7 +1.7
FDNI First Trust Dow Jones International Internet ETF 5.0 65 10 20.9 +11.9
CLNR IQ Cleaner Transport ETF 4.8 45 30 6.7 -2.3
GTEK Goldman Sachs Future Tech Leaders Equity ETF 4.8 75 0 3.0 -6.0
FEOE First Eagle Overseas Equity ETF 4.8 79 -4 7.8 -1.2
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 4.7 85 -10 8.8 -0.2
GMET VanEck Green Metals ETF 4.7 63 12 7.2 -1.8
NDIA Global X India Active ETF 4.7 75 0 5.2 -3.8
EYLD Cambria Emerging Shareholder Yield ETF 4.7 66 9 12.7 +3.7
ACWV iShares MSCI Global Min Vol Factor ETF 4.7 20 55 6.2 -2.8
AIQ Global X Artificial Intelligence & Technology ETF 4.6 68 7 3.5 -5.4
IMFL Invesco International Developed Dynamic Multifactor ETF 4.5 34 41 6.1 -2.9
DWLD Davis Select Worldwide ETF 4.5 63 12 7.2 -1.7
PICK iShares MSCI Global Metals & Mining Producers ETF 4.4 39 36 11.4 +2.4
KLMT Invesco MSCI Global Climate 500 ETF 4.4 10 65 5.7 -3.3
UMMA Wahed Dow Jones Islamic World ETF 4.2 65 10 5.2 -3.8
FNDF Schwab Fundamental International Large Co. Index ETF 4.2 25 50 9.5 +0.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 4.2 46 29 9.8 +0.9
ACWI iShares MSCI ACWI ETF 3.9 32 43 5.5 -3.5
BATT Amplify Lithium & Battery Technology ETF 3.9 59 16 2.9 -6.0
IGPT Invesco AI and Next Gen Software ETF 3.9 60 15 4.0 -4.9
DMAT Global X Disruptive Materials ETF 3.7 59 16 6.1 -2.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 3.7 86 -11 13.7 +4.7
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 3.7 86 -11 0.5 -8.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.7 45 30 8.8 -0.1
RODE Hartford Multifactor Diversified International ETF 3.7 29 46 11.5 +2.5
ISHP First Trust Nasdaq Retail ETF 3.6 60 15 5.6 -3.4
VIDI Vident International Equity Strategy ETF 3.6 61 14 10.9 +2.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.6 20 55 5.6 -3.4
MOTI VanEck Morningstar International Moat ETF 3.6 58 17 11.9 +3.0
FEGE First Eagle Global Equity ETF 3.5 79 -4 6.8 -2.2
AIS VistaShares Artificial Intelligence Supercycle ETF 3.5 75 0 2.5 -6.4
HFXI IQ FTSE International Equity Currency Neutral ETF 3.5 20 55 6.9 -2.0
FDTX Fidelity Disruptive Technology ETF 3.5 50 25 2.7 -6.3
BLES Inspire Global Hope ETF 3.4 61 14 6.8 -2.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.4 80 -5 9.5 +0.5
OAIM OneAscent International Equity ETF 3.4 95 -20 5.7 -3.3
VT Vanguard Total World Stock ETF 3.3 6 69 5.8 -3.1
UIVM VictoryShares International Value Momentum ETF 3.3 35 40 9.1 +0.1
INQQ India Internet & Ecommerce ETF 3.2 86 -11 1.4 -7.6
DEW WisdomTree Global High Dividend Fund 3.1 58 17 8.5 -0.5
COPY Tweedy, Browne Insider + Value ETF 3.0 80 -5 11.9 +3.0
LOUP Innovator Deepwater Frontier Tech ETF 3.0 70 5 1.1 -7.9
XT iShares Exponential Technologies ETF 2.9 46 29 4.7 -4.2
MOTG VanEck Morningstar Global Wide Moat ETF 2.9 52 23 7.8 -1.2
JPIN J.P. Morgan Diversified Return International Equity ETF 2.9 37 38 8.5 -0.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.8 65 10 7.8 -1.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.8 65 10 1.9 -7.1
SCHF Schwab International Equity ETF 2.7 6 69 7.2 -1.7
RING iShares MSCI Global Gold Miners ETF 2.7 39 36 3.6 -5.3
GLIN VanEck India Growth Leaders ETF 2.6 77 -2 7.1 -1.9
JSTC Adasina Social Justice All Cap Global ETF 2.6 89 -14 4.9 -4.1
DWX SPDR S&P International Dividend ETF 2.6 45 30 6.3 -2.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.6 12 63 5.1 -3.9
GLOF iShares Global Equity Factor ETF 2.5 20 55 6.5 -2.5
FILL iShares MSCI Global Energy Producers ETF 2.5 39 36 11.9 +3.0
VEA Vanguard FTSE Developed Markets ETF 2.5 3 72 7.2 -1.8
QTUM Defiance Quantum ETF 2.2 40 35 4.8 -4.1
INCO Columbia India Consumer ETF 2.2 75 0 2.0 -7.0
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.1 67 8 14.0 +5.0
TPIF Timothy Plan International ETF 2.1 62 13 6.3 -2.7
VIGI Vanguard International Dividend Appreciation ETF 2.1 10 65 6.4 -2.5
RGEF Rockefeller Global Equity ETF 2.0 55 20 4.7 -4.2
JGLO JPMorgan Global Select Equity ETF 2.0 33 42 5.0 -4.0
FKU First Trust United Kingdom AlphaDEX Fund 1.9 80 -5 7.2 -1.7
IDOG ALPS International Sector Dividend Dogs ETF 1.9 50 25 12.2 +3.3
FDD First Trust Stoxx European Select Dividend Index Fund 1.9 58 17 11.5 +2.5
CRAK VanEck Oil Refiners ETF 1.9 61 14 13.6 +4.6
ARTY iShares Future AI & Tech ETF 1.8 47 28 3.3 -5.7
SCHY Schwab International Dividend Equity ETF 1.8 14 61 9.8 +0.8
ROBO ROBO Global Robotics & Automation Index ETF 1.8 95 -20 3.3 -5.6
CIL VictoryShares International Volatility Wtd ETF 1.7 45 30 6.7 -2.3
IDHQ Invesco S&P International Developed High Quality ETF 1.7 29 46 6.6 -2.4
SDIV Global X Superdividend ETF 1.7 58 17 42.6 +33.7
DTCR Global X Data Center & Digital Infrastructure ETF 1.7 50 25 3.9 -5.1
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.6 60 15 8.5 -0.5
RCGE RockCreek Global Equality ETF 1.6 95 -20 6.8 -2.2
EPU iShares MSCI Peru and Global Exposure ETF 1.6 59 16 5.6 -3.3
IGRO iShares International Dividend Growth ETF 1.6 15 60 7.3 -1.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.6 24 51 7.7 -1.3
BINV Brandes International ETF 1.5 70 5 9.3 +0.4
DGIN VanEck Digital India ETF 1.4 71 4 2.2 -6.7
IXG iShares Global Financials ETF 1.4 42 33 6.6 -2.3
IDV iShares International Select Dividend ETF 1.4 51 24 10.8 +1.8
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.3 78 -3 9.6 +0.7
IPAV Global X Infrastructure Development ex-U.S. ETF 1.3 55 20 7.6 -1.3
DGT SPDR Global Dow ETF 1.3 50 25 6.9 -2.1
METV Roundhill Ball Metaverse ETF 1.3 59 16 7.6 -1.4
SPDW SPDR Portfolio Developed World ex-US ETF 1.3 3 72 6.9 -2.0
CZA Invesco Zacks Mid-Cap ETF 1.2 72 3 6.7 -2.3
FCLD Fidelity Cloud Computing ETF 1.1 39 36 3.2 -5.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.0 9 66 5.6 -3.3
TTAI FCF International Quality ETF 1.0 59 16 7.4 -1.6
MXI iShares Global Materials ETF 0.9 41 34 7.4 -1.5
CGGR Capital Group Growth ETF 0.9 39 36 3.1 -5.8
SNSR Global X Internet of Things ETF 0.9 68 7 4.5 -4.4
OCEN IQ Clean Oceans ETF 0.9 45 30 6.1 -2.9
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.8 80 -5 5.0 -4.0
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.8 56 19 11.0 +2.0
KXI iShares Global Consumer Staples ETF 0.8 41 34 5.7 -3.3
HAP VanEck Natural Resources ETF 0.8 50 25 9.1 +0.2
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.8 45 30 4.0 -4.9
IOO iShares Global 100 ETF 0.8 41 34 4.7 -4.3
GINN Goldman Sachs Innovate Equity ETF 0.7 52 23 3.6 -5.4
BRAZ Global X Brazil Active ETF 0.7 75 0 13.0 +4.1
IXP iShares Global Comm Services ETF 0.7 42 33 5.6 -3.4
FEP First Trust Europe AlphaDEX Fund 0.7 80 -5 9.0 +0.1
GSFP Goldman Sachs Future Planet Equity ETF 0.7 75 0 4.9 -4.1
PBD Invesco Global Clean Energy ETF 0.7 75 0 -0.4 -9.3
IBAT iShares Energy Storage & Materials ETF 0.7 47 28 3.2 -5.8
RNRG Global X Renewable Energy Producers ETF 0.6 66 9 1.3 -7.7
VCLN Virtus Duff & Phelps Clean Energy ETF 0.6 59 16 4.3 -4.7
ICLN iShares Global Clean Energy ETF 0.6 41 34 4.6 -4.4
RXI iShares Global Consumer Discretionary ETF 0.6 41 34 9.3 +0.3
SOCL Global X Social Media ETF 0.6 65 10 9.2 +0.3
KPOP KPOP and Korean Entertainment ETF 0.6 75 0 2.0 -6.9
FDCF Fidelity Disruptive Communications ETF 0.6 50 25 2.8 -6.2
SHLD Global X Defense Tech ETF 0.5 50 25 3.0 -5.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 26 6.9 -2.0
JHDV John Hancock U.S. High Dividend ETF 0.5 34 41 6.6 -2.4
CGDG Capital Group Dividend Growers ETF 0.5 47 28 6.3 -2.7
IXJ iShares Global Healthcare ETF 0.5 42 33 7.1 -1.9
AGNG Global X Aging Population ETF 0.4 50 25 4.9 -4.1
CGGO Capital Group Global Growth Equity ETF 0.4 47 28 4.6 -4.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 36 5.8 -3.1
MOTO SmartETFs Smart Transportation & Technology ETF 0.4 68 7 7.2 -1.7
GCOW Pacer Global Cash Cows Dividend ETF 0.4 60 15 11.2 +2.2
JXI iShares Global Utilities ETF 0.4 43 32 5.5 -3.5
EXI iShares Global Industrials ETF 0.4 42 33 4.5 -4.5
SDG iShares MSCI Global Sustainable Development Goals ETF 0.4 49 26 5.8 -3.1
FTAG First Trust Indxx Global Agriculture ETF 0.4 70 5 8.9 -0.1
DIVI Franklin International Core Dividend Tilt Index ETF 0.4 9 66 8.0 -1.0
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 36 10.1 +1.2
BBEU JPMorgan BetaBuilders Europe ETF 0.3 9 66 7.2 -1.8
IQSI IQ Candriam International Equity ETF 0.3 15 60 6.6 -2.3
IDRV iShares Self-driving EV & Tech ETF 0.3 47 28 1.8 -7.2
FLEE Franklin FTSE Europe ETF 0.3 9 66 7.2 -1.7
VGK Vanguard FTSE Europe ETF 0.3 6 69 7.5 -1.5
SPEU SPDR Portfolio Europe ETF 0.3 7 68 7.4 -1.6
FPAG FPA Global Equity ETF 0.3 49 26 5.8 -3.1
HELX Franklin Genomic Advancements ETF 0.2 50 25 -0.3 -9.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 55 6.9 -2.1
TINY ProShares Nanotechnology ETF 0.2 58 17 4.5 -4.4
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.2 75 0 4.7 -4.3
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 30 6.2 -2.8
BKIE BNY Mellon International Equity ETF 0.2 4 71 7.0 -1.9
SUPL ProShares Supply Chain Logistics ETF 0.1 58 17 12.3 +3.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 36 7.9 -1.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 28 5.8 -3.2
VYM Vanguard High Dividend Yield Index ETF 0.1 6 69 7.0 -1.9
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 17 4.5 -4.5
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 33 5.3 -3.6
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 66 4.7 -4.3
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 36 6.7 -2.2

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:

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 1.6 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 9.0 %
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.