First Trust Bloomberg Emerging Market Democracies ETF
ALTAR
Score™		 8.2% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 11.0x P/Sales
ratio		 1.6x
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) $8
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) $149,265
Large cap (>$10bn) 93.0%
Mid cap ($2-10bn) 3.5%
Small cap (<$2bn) 0.2%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 11.2 %
SAMSUNG ELECTRONICS CO LTD 6.2 %
NASPERS LTD-N SHS 5.8 %
GRUPO MEXICO S.A.B. DE C.V. CLASS 4.0 %
PETROBRAS - PETROLEO BRAS-PR 3.5 %
FIRSTRAND LTD 3.4 %
AMERICA MOVIL SAB DE CV CLASS L 3.1 %
RELIANCE INDUSTRIES LTD 3.0 %
STANDARD BANK GROUP LTD 2.9 %
PKO BANK POLSKI SA 2.6 %
Total 45.7 %

TOP COUNTRY EXPOSURE
INDIA 16.4 %
TAIWAN 16.3 %
MEXICO 14.8 %
SOUTH AFRICA 14.6 %
BRAZIL 13.7 %
SOUTH KOREA 13.3 %
POLAND 5.9 %
HUNGARY 2.5 %
PHILIPPINES 1.4 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
1.3% 19.3% -- -- 10.7%

Market Correlations
versus... Beta R-squared
S&P500 0.97 60%
MSCI EAFE 0.83 60%
MSCI Emg. Mkts. 1.03 78%

Technical Indicators
Recent close $22.13
30d moving avg. $23.54
Annualized volatility 15.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $7,086

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 297 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™: 8.2%


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
(%)
STXE Strive Emerging Markets Ex-China ETF 51.7 32 43 7.0 -1.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 46.5 24 51 9.2 +1.0
EMXC iShares MSCI Emerging Markets ex China ETF 44.6 25 50 6.7 -1.5
FTHF First Trust Emerging Markets Human Flourishing ETF 41.5 75 0 8.9 +0.7
XC WisdomTree Emerging Markets Ex-China Fund 41.4 32 43 6.0 -2.3
XCEM Columbia EM Core ex-China ETF 40.0 16 59 7.7 -0.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 38.0 30 45 7.3 -0.9
EEMA iShares MSCI Emerging Markets Asia ETF 37.9 49 26 6.5 -1.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 37.8 15 60 10.2 +2.0
ECON Columbia Emerging Markets Consumer ETF 37.3 49 26 7.3 -0.9
EEM iShares MSCI Emerging Markets ETF 37.0 69 6 6.9 -1.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 36.8 70 5 6.2 -2.1
XCNY SPDR S&P Emerging Markets ex-China ETF 36.2 15 60 6.3 -1.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 34.9 66 9 10.0 +1.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 34.6 15 60 7.2 -1.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 34.4 36 39 7.8 -0.4
BKEM BNY Mellon Emerging Markets Equity ETF 34.1 11 64 8.4 +0.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 33.6 32 43 6.2 -2.0
ESGE iShares ESG Aware MSCI EM ETF 33.4 25 50 7.1 -1.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 33.1 33 42 8.2 +0.0
JHEM John Hancock Multifactor Emerging Markets ETF 32.9 49 26 8.2 -0.1
FLAX Franklin FTSE Asia Ex Japan ETF 32.7 19 56 6.9 -1.4
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 32.1 18 57 6.8 -1.4
IEMG iShares Core MSCI Emerging Markets ETF 31.8 9 66 7.5 -0.8
EMGF iShares Emerging Markets Equity Factor ETF 31.5 25 50 8.5 +0.3
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 30.9 88 -13 7.4 -0.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 29.7 45 30 11.0 +2.8
SCHE Schwab Emerging Markets Equity ETF 29.3 11 64 7.1 -1.1
VWO Vanguard FTSE Emerging Markets ETF 28.5 8 67 6.9 -1.3
PXH Invesco FTSE RAFI Emerging Markets ETF 28.0 49 26 12.2 +4.0
NUEM Nuveen ESG Emerging Markets Equity ETF 27.2 36 39 6.5 -1.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 27.1 32 43 6.9 -1.4
DFAE Dimensional Emerging Core Equity Market ETF 27.1 35 40 7.3 -0.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 27.1 20 55 6.8 -1.4
AIA iShares Asia 50 ETF 26.9 50 25 6.6 -1.6
EQLT iShares MSCI Emerging Markets Quality Factor ETF 26.4 35 40 7.4 -0.8
LDEM iShares ESG MSCI EM Leaders ETF 25.5 17 58 7.6 -0.6
MINV Matthews Asia Innovators Active ETF 25.1 79 -4 3.0 -5.2
EMXF iShares ESG Advanced MSCI EM ETF 24.9 16 59 6.8 -1.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 24.6 39 36 12.5 +4.3
EMMF WisdomTree Emerging Markets Multifactor Fund 23.9 48 27 8.8 +0.6
MEM Matthews Emerging Markets Equity Active ETF 23.5 79 -4 5.4 -2.8
FLLA Franklin FTSE Latin America ETF 23.2 19 56 13.2 +4.9
EEMO Invesco S&P Emerging Markets Momentum ETF 23.1 29 46 5.5 -2.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 23.1 59 16 11.3 +3.1
SPEM SPDR Portfolio Emerging Markets ETF 23.0 7 68 7.3 -0.9
FRDM Freedom 100 Emerging Markets ETF 21.5 49 26 7.3 -1.0
RNEM First Trust Emerging Markets Equity Select ETF 21.0 75 0 7.6 -0.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 20.8 38 37 7.8 -0.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 20.7 95 -20 10.5 +2.3
PATN Pacer Nasdaq International Patent Leaders ETF 20.0 65 10 6.5 -1.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 19.8 30 45 8.1 -0.1
BKF iShares MSCI BIC ETF 19.7 69 6 6.9 -1.3
DEHP Dimensional Emerging Markets High Profitability ETF 19.3 41 34 5.0 -3.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 18.3 50 25 13.0 +4.8
FLN First Trust Latin America AlphaDEX Fund 17.1 80 -5 8.4 +0.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 17.1 41 34 7.4 -0.8
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 17.0 40 35 8.3 +0.1
FLTW Franklin FTSE Taiwan ETF 16.3 19 56 5.9 -2.3
EWT iShares MSCI Taiwan ETF 16.3 58 17 5.7 -2.6
INDA iShares MSCI India ETF 16.1 65 10 4.4 -3.9
NFTY First Trust India NIFTY 50 Equal Weight ETF 15.8 80 -5 6.3 -2.0
DFEV Dimensional Emerging Markets Value ETF 15.5 43 32 11.1 +2.8
INDY iShares India 50 ETF 15.5 89 -14 4.6 -3.6
GMF SPDR S&P Emerging Asia Pacific ETF 15.4 49 26 6.1 -2.1
PIN Invesco India ETF 14.8 78 -3 4.5 -3.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 14.5 44 31 10.6 +2.4
ROAM Hartford Multifactor Emerging Markets ETF 14.5 44 31 15.8 +7.6
EVLU iShares MSCI Emerging Markets Value Factor ETF 14.1 35 40 12.4 +4.2
AFK VanEck Africa Index ETF 13.8 98 -23 9.1 +0.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 13.7 42 33 8.1 -0.2
EWY iShares MSCI South Korea ETF 13.3 58 17 9.8 +1.6
ILF iShares Latin America 40 ETF 13.3 48 27 10.4 +2.2
FLKR Franklin FTSE South Korea ETF 13.2 9 66 10.6 +2.4
EMM Global X Emerging Markets ex-China ETF 13.1 75 0 4.2 -4.0
KNCT Invesco Next Gen Connectivity ETF 13.0 40 35 5.6 -2.6
FLIN Franklin FTSE India ETF 13.0 19 56 4.7 -3.6
AVEM Avantis Emerging Markets Equity ETF 12.9 33 42 8.9 +0.6
FLBR Franklin FTSE Brazil ETF 12.6 19 56 13.2 +5.0
DEM WisdomTree Emerging Markets High Dividend Fund 12.5 63 12 18.9 +10.6
FDEM Fidelity Emerging Markets Multifactor ETF 12.1 25 50 12.3 +4.1
EPI WisdomTree India Earnings Fund 12.1 85 -10 6.1 -2.2
EWZ iShares MSCI Brazil ETF 12.0 58 17 10.4 +2.1
FLMX Franklin FTSE Mexico ETF 11.6 19 56 16.2 +8.0
EWW iShares MSCI Mexico ETF 11.6 50 25 13.2 +4.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 11.6 25 50 6.6 -1.6
FBZ First Trust Brazil AlphaDEX Fund 11.3 80 -5 13.3 +5.1
ACWX iShares MSCI ACWI ex U.S. ETF 11.2 34 41 7.0 -1.3
VSGX Vanguard ESG International Stock ETF 10.5 12 63 6.8 -1.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 10.3 18 57 7.0 -1.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 10.0 41 34 7.4 -0.8
EMC Global X Emerging Markets Great Consumer ETF 9.8 75 0 4.5 -3.7
VEU Vanguard FTSE All-World ex-US Index Fund 9.7 8 67 7.3 -1.0
IXUS iShares Core MSCI Total International Stock ETF 9.7 7 68 7.2 -1.0
VXUS Vanguard Total International Stock ETF 9.7 7 68 7.2 -1.0
FBOT Fidelity Disruptive Automation ETF 9.0 50 25 3.6 -4.6
EZA iShares MSCI South Africa ETF 8.8 58 17 10.3 +2.1
AVES Avantis Emerging Markets Value ETF 8.7 36 39 11.6 +3.4
IVES Wedbush ETFMG Global Cloud Technology ETF 8.2 68 7 5.8 -2.5
AIVC Amplify Bloomberg AI Value Chain ETF 8.1 59 16 5.8 -2.4
IWTR iShares MSCI Water Management Multisector ETF 8.1 47 28 5.0 -3.2
IXN iShares Global Tech ETF 8.0 41 34 4.5 -3.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.0 47 28 9.4 +1.2
CGXU Capital Group International Focus Equity ETF 7.6 54 21 4.9 -3.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 7.4 45 30 12.3 +4.1
GBUY Goldman Sachs Future Consumer Equity ETF 7.0 75 0 3.3 -4.9
JIG JPMorgan International Growth ETF 6.8 55 20 4.6 -3.6
FEM First Trust Emerging Markets AlphaDEX Fund 6.8 80 -5 13.0 +4.8
IQDF FlexShares International Quality Dividend Index Fund 6.7 47 28 12.9 +4.7
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 6.7 60 15 0.5 -7.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 6.4 60 15 13.4 +5.2
BIGFX Baron International Growth Retail 6.4 75 0 3.1 -5.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 6.2 70 5 9.2 +1.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 6.1 29 46 8.7 +0.5
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 6.0 90 -15 6.1 -2.1
DVYE iShares Emerging Markets Dividend ETF 6.0 49 26 18.8 +10.5
VYMI Vanguard International High Dividend Yield ETF 5.9 22 53 9.8 +1.6
EPOL iShares MSCI Poland ETF 5.9 59 16 12.9 +4.7
ICOP iShares Copper and Metals Mining ETF 5.9 47 28 10.1 +1.9
NDIA Global X India Active ETF 5.9 75 0 7.2 -1.0
CHAT Roundhill Generative AI & Technology ETF 5.8 75 0 3.8 -4.4
DSTX Distillate International Fundamental Stability & Value ETF 5.8 55 20 8.0 -0.3
CARZ First Trust NASDAQ Global Auto Index Fund 5.7 70 5 3.8 -4.4
WRND IQ Global Equity R&D Leaders ETF 5.7 18 57 7.5 -0.7
VPL Vanguard FTSE Pacific ETF 5.6 8 67 7.7 -0.5
VIGI Vanguard International Dividend Appreciation ETF 5.4 15 60 6.4 -1.8
CWI SPDR MSCI ACWI ex-US ETF 5.4 30 45 6.9 -1.3
AGQI First Trust Active Global Quality Income ETF 5.3 85 -10 5.9 -2.4
FMET Fidelity Metaverse ETF 5.3 39 36 5.4 -2.8
DINT Davis Select International ETF 5.3 55 20 6.0 -2.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 5.3 30 45 8.0 -0.3
WWJD Inspire International ETF 5.2 80 -5 7.3 -0.9
WTAI WisdomTree Artificial Intelligence and Innovation Fund 5.0 45 30 3.1 -5.1
INDF Nifty India Financials ETF 5.0 75 0 5.3 -3.0
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 4.8 80 -5 7.6 -0.6
IMFL Invesco International Developed Dynamic Multifactor ETF 4.6 34 41 5.9 -2.3
NXTG First Trust Indxx NextG ETF 4.6 70 5 6.2 -2.0
BTECX Baron Technology 4.6 75 0 2.4 -5.9
KLMT Invesco MSCI Global Climate 500 ETF 4.5 10 65 5.4 -2.8
BDAIX Baron Durable Advantage 4.4 75 0 3.7 -4.5
EEMD AAM S&P Emerging Markets High Dividend Value ETF 4.3 49 26 16.1 +7.9
FILL iShares MSCI Global Energy Producers ETF 4.3 39 36 9.6 +1.4
FDNI First Trust Dow Jones International Internet ETF 4.2 65 10 2.1 -6.1
ACWV iShares MSCI Global Min Vol Factor ETF 4.2 20 55 6.3 -1.9
NTZG Nuveen Global Net Zero Transition ETF 4.2 56 19 4.7 -3.5
EYLD Cambria Emerging Shareholder Yield ETF 4.1 66 9 13.2 +5.0
PICK iShares MSCI Global Metals & Mining Producers ETF 4.0 39 36 12.8 +4.6
JGLO JPMorgan Global Select Equity ETF 4.0 33 42 4.5 -3.8
CLNR IQ Cleaner Transport ETF 4.0 45 30 6.8 -1.4
GMET VanEck Green Metals ETF 4.0 63 12 10.7 +2.5
RODE Hartford Multifactor Diversified International ETF 3.8 29 46 11.8 +3.6
ACWI iShares MSCI ACWI ETF 3.8 32 43 5.3 -2.9
GVAL Cambria Global Value ETF 3.8 68 7 13.1 +4.9
XT iShares Exponential Technologies ETF 3.8 46 29 4.8 -3.5
DWLD Davis Select Worldwide ETF 3.8 63 12 6.7 -1.5
FNDF Schwab Fundamental International Large Co. Index ETF 3.6 25 50 9.9 +1.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.6 20 55 5.2 -3.1
HFXI IQ FTSE International Equity Currency Neutral ETF 3.5 20 55 7.1 -1.2
DEW WisdomTree Global High Dividend Fund 3.5 58 17 8.5 +0.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.3 60 15 9.8 +1.6
IGRO iShares International Dividend Growth ETF 3.3 15 60 7.5 -0.7
UMMA Wahed Dow Jones Islamic World ETF 3.3 65 10 4.6 -3.7
AIQ Global X Artificial Intelligence & Technology ETF 3.2 68 7 4.0 -4.2
GLIN VanEck India Growth Leaders ETF 3.2 77 -2 5.7 -2.6
IQDE FlexShares International Quality Dividend Defensive Index ET 3.2 47 28 14.8 +6.6
VT Vanguard Total World Stock ETF 3.2 7 68 5.5 -2.7
VIDI Vident International Equity Strategy ETF 3.1 61 14 10.2 +2.0
ARTY iShares Future AI & Tech ETF 3.0 47 28 3.8 -4.4
UIVM VictoryShares International Value Momentum ETF 3.0 35 40 11.0 +2.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.9 46 29 9.3 +1.1
BLES Inspire Global Hope ETF 2.7 61 14 6.4 -1.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.6 12 63 4.8 -3.4
JSTC Adasina Social Justice All Cap Global ETF 2.6 89 -14 4.9 -3.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.5 65 10 8.2 -0.1
SCHF Schwab International Equity ETF 2.5 6 69 7.5 -0.7
DGT SPDR Global Dow ETF 2.5 50 25 6.8 -1.4
BRAZ Global X Brazil Active ETF 2.4 75 0 10.1 +1.9
METV Roundhill Ball Metaverse ETF 2.4 59 16 3.4 -4.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.4 45 30 8.9 +0.7
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.4 67 8 15.0 +6.8
GLOF iShares Global Equity Factor ETF 2.3 20 55 7.0 -1.2
MOTG VanEck Morningstar Global Wide Moat ETF 2.3 52 23 5.6 -2.6
ISHP First Trust Nasdaq Retail ETF 2.3 60 15 2.9 -5.4
JPIN J.P. Morgan Diversified Return International Equity ETF 2.1 37 38 8.9 +0.7
VEA Vanguard FTSE Developed Markets ETF 2.1 5 70 7.3 -0.9
BNE Blue Horizon BNE ETF 2.1 87 -12 4.6 -3.6
TPIF Timothy Plan International ETF 2.1 62 13 6.8 -1.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.0 80 -5 9.1 +0.9
SDIV Global X Superdividend ETF 1.9 58 17 14.9 +6.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.8 65 10 0.2 -8.0
BTEK Future Tech ETF 1.8 88 -13 2.3 -6.0
IGPT Invesco AI and Next Gen Software ETF 1.8 60 15 3.8 -4.4
LOUP Innovator Deepwater Frontier Tech ETF 1.8 70 5 1.3 -6.9
DGIN VanEck Digital India ETF 1.7 71 4 0.1 -8.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.7 24 51 8.7 +0.4
IDOG ALPS International Sector Dividend Dogs ETF 1.7 50 25 12.8 +4.6
FDD First Trust Stoxx European Select Dividend Index Fund 1.7 58 17 13.6 +5.4
CRAK VanEck Oil Refiners ETF 1.7 61 14 14.7 +6.5
MXI iShares Global Materials ETF 1.6 41 34 7.0 -1.2
CIL VictoryShares International Volatility Wtd ETF 1.6 45 30 7.0 -1.2
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 1.6 51 24 7.1 -1.1
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.6 75 0 2.9 -5.4
RGEF Rockefeller Global Equity ETF 1.6 55 20 5.0 -3.3
BIOPX Baron Opportunity Retail 1.5 75 0 1.0 -7.2
QINT American Century Quality Diversified International ETF 1.5 39 36 7.7 -0.5
SCHY Schwab International Dividend Equity ETF 1.5 14 61 9.3 +1.1
FDTX Fidelity Disruptive Technology ETF 1.4 50 25 2.8 -5.5
EPHE iShares MSCI Philippines ETF 1.4 59 16 8.9 +0.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.4 45 30 -0.6 -8.8
TTAI FCF International Quality ETF 1.3 59 16 5.6 -2.6
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 1.3 45 30 5.7 -2.5
DRIV Global X Autonomous & Electric Vehicles ETF 1.3 68 7 4.8 -3.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 1.3 86 -11 1.6 -6.6
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 1.3 86 -11 1.2 -7.0
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.3 61 14 1.2 -7.0
IXG iShares Global Financials ETF 1.2 42 33 6.2 -2.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.2 78 -3 9.0 +0.8
SPDW SPDR Portfolio Developed World ex-US ETF 1.2 3 72 7.2 -1.0
MOTI VanEck Morningstar International Moat ETF 1.1 58 17 5.9 -2.3
INCO Columbia India Consumer ETF 1.0 75 0 1.5 -6.7
CID VictoryShares International High Div Volatility Wtd ETF 1.0 45 30 11.9 +3.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.0 9 66 5.4 -2.9
CGUS Capital Group Core Equity ETF 0.9 33 42 4.4 -3.8
IPAV Global X Infrastructure Development ex-U.S. ETF 0.9 55 20 9.7 +1.5
CGGO Capital Group Global Growth Equity ETF 0.9 47 28 4.6 -3.7
MOTO SmartETFs Smart Transportation & Technology ETF 0.9 68 7 7.3 -0.9
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.9 56 19 13.5 +5.3
SDG iShares MSCI Global Sustainable Development Goals ETF 0.8 49 26 5.6 -2.6
CCNR ALPS CoreCommodity Natural Resources ETF 0.8 39 36 11.0 +2.8
IBAT iShares Energy Storage & Materials ETF 0.8 47 28 3.1 -5.1
IDV iShares International Select Dividend ETF 0.8 51 24 12.2 +4.0
KXI iShares Global Consumer Staples ETF 0.8 41 34 5.7 -2.5
SNSR Global X Internet of Things ETF 0.8 68 7 4.6 -3.6
GGME Invesco Next Gen Media and Gaming ETF 0.8 60 15 3.5 -4.7
IDAT iShares Future Cloud 5G and Tech ETF 0.8 47 28 4.3 -3.9
QTUM Defiance Quantum ETF 0.8 40 35 3.6 -4.6
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.7 61 14 -2.4 -10.6
IXP iShares Global Comm Services ETF 0.7 42 33 5.1 -3.2
KPOP KPOP and Korean Entertainment ETF 0.7 75 0 -9.2 -17.5
SOCL Global X Social Media ETF 0.7 65 10 -6.4 -14.6
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.7 65 10 12.8 +4.5
HAP VanEck Natural Resources ETF 0.7 50 25 10.0 +1.8
IOO iShares Global 100 ETF 0.7 41 34 4.8 -3.4
EDIV SPDR S&P Emerging Markets Dividend ETF 0.6 49 26 12.0 +3.8
RXI iShares Global Consumer Discretionary ETF 0.6 41 34 5.4 -2.9
INQQ India Internet & Ecommerce ETF 0.6 86 -11 2.6 -5.7
GINN Goldman Sachs Innovate Equity ETF 0.6 52 23 2.8 -5.5
PBD Invesco Global Clean Energy ETF 0.6 75 0 -5.3 -13.5
IDRV iShares Self-driving EV & Tech ETF 0.5 47 28 -0.4 -8.7
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.5 39 36 -1.7 -9.9
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.5 79 -4 5.1 -3.1
EV Mast Global Battery Recycling & Production ETF 0.5 65 10 12.2 +4.0
FDCF Fidelity Disruptive Communications ETF 0.5 50 25 2.6 -5.7
CUT Invesco MSCI Global Timber ETF 0.5 61 14 8.4 +0.2
ERTH Invesco MSCI Sustainable Future ETF 0.5 62 13 3.6 -4.6
WOOD iShares Global Timber & Forestry ETF 0.5 42 33 9.8 +1.5
OCEN IQ Clean Oceans ETF 0.5 45 30 6.1 -2.2
AGNG Global X Aging Population ETF 0.5 50 25 4.2 -4.0
IVRS iShares Future Metaverse Tech and Communications ETF 0.4 47 28 -4.9 -13.1
DWX SPDR S&P International Dividend ETF 0.4 45 30 6.5 -1.8
GCOW Pacer Global Cash Cows Dividend ETF 0.4 60 15 12.5 +4.3
FTAG First Trust Indxx Global Agriculture ETF 0.4 70 5 9.7 +1.4
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.4 58 17 4.6 -3.6
CGGR Capital Group Growth ETF 0.4 39 36 3.2 -5.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 36 7.2 -1.0
HELX Franklin Genomic Advancements ETF 0.3 50 25 0.4 -7.9
GSFP Goldman Sachs Future Planet Equity ETF 0.3 75 0 4.2 -4.0
ROBO ROBO Global Robotics & Automation Index ETF 0.3 95 -20 3.5 -4.8
BBEU JPMorgan BetaBuilders Europe ETF 0.3 9 66 7.1 -1.1
OND ProShares On-Demand ETF 0.3 58 17 -2.2 -10.4
BGAIX Baron Global Advantage 0.3 75 0 0.6 -7.6
DIVI Franklin International Core Dividend Tilt Index ETF 0.3 9 66 8.1 -0.1
IDHQ Invesco S&P International Developed High Quality ETF 0.3 29 46 6.5 -1.8
EXI iShares Global Industrials ETF 0.3 42 33 4.5 -3.7
IQSI IQ Candriam International Equity ETF 0.3 15 60 6.6 -1.6
FLEE Franklin FTSE Europe ETF 0.3 9 66 7.2 -1.1
BECO BlackRock Future Climate and Sustainable Economy ETF 0.2 70 5 11.9 +3.7
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.2 72 3 1.0 -7.2
BLLD JPMorgan Sustainable Infrastructure ETF 0.2 49 26 5.7 -2.5
SMOG VanEck Low Carbon Energy ETF 0.2 61 14 2.4 -5.9
CTEC Global X CleanTech ETF 0.2 50 25 2.9 -5.3
LIT Global X Lithium & Battery Tech ETF 0.2 75 0 9.1 +0.9
ETEC iShares Breakthrough Environmental Solutions ETF 0.2 47 28 8.0 -0.3
BATT Amplify Lithium & Battery Technology ETF 0.2 59 16 -0.1 -8.3
IXJ iShares Global Healthcare ETF 0.2 42 33 6.5 -1.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 26 7.0 -1.3
SPEU SPDR Portfolio Europe ETF 0.2 7 68 7.1 -1.2
VGK Vanguard FTSE Europe ETF 0.2 11 64 7.1 -1.2
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 30 3.6 -4.7
MVPS Amplify Thematic All-Stars ETF 0.2 49 26 2.7 -5.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.2 47 28 5.5 -2.8
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 55 7.0 -1.3
BKIE BNY Mellon International Equity ETF 0.2 4 71 7.1 -1.1
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 0.1 68 7 8.2 +0.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 36 7.4 -0.8
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 33 5.1 -3.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.0 58 17 10.2 +2.0

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 13.0 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 8.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.47 CATEGORY
AVERAGE		 1.48
 
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.