First Trust Bloomberg Emerging Market Democracies ETF
ALTAR
Score™		 8.3% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 13.2x P/Sales
ratio		 1.7x
P/BV
ratio		 1.8x Div.
yield		 2.8%


  • 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) $15
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 109
Wgt avg mkt cap (mns) $186,770
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 9.7 %
US DOLLAR 5.6 %
GRUPO MEXICO S.A.B. DE C.V. CLASS 5.3 %
HYNIX SEMICONDUCTOR INC 4.5 %
NASPERS LTD-N SHS 3.2 %
ANGLOGOLD ASHANTI LTD 2.7 %
OTP BANK PLC 2.6 %
PKO BANK POLSKI SA 2.4 %
GOLD FIELDS LTD 2.4 %
Total 48.0 %

TOP COUNTRY EXPOSURE
SOUTH KOREA 18.5 %
TAIWAN 14.2 %
SOUTH AFRICA 13.8 %
BRAZIL 13.1 %
INDIA 12.1 %
MEXICO 10.5 %
POLAND 5.7 %
HUNGARY 2.6 %
PERU 1.5 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
55.6% 55.6% -- -- 20.4%

Market Correlations
versus... Beta R-squared
S&P500 0.78 60%
MSCI EAFE 1.00 69%
MSCI Emg. Mkts. 1.02 82%

Technical Indicators
Recent close $33.66
30d moving avg. $31.08
Annualized volatility 16.3%
Short interest (ETF) 5.2%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 6
Turnover 1.3%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $4,190

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 293 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™: 8.3%


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 53.8 32 43 6.1 -2.2
FTHF First Trust Emerging Markets Human Flourishing ETF 48.5 75 0 7.3 -1.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 45.2 24 51 6.3 -2.0
EMXC iShares MSCI Emerging Markets ex China ETF 44.6 25 50 5.8 -2.5
JIVE JPMorgan International Value ETF 42.8 55 20 9.6 +1.3
XCEM Columbia EM Core ex-China ETF 40.2 16 59 6.5 -1.8
EEM iShares MSCI Emerging Markets ETF 36.7 69 6 8.0 -0.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 36.2 30 45 8.0 -0.3
EEMA iShares MSCI Emerging Markets Asia ETF 35.5 49 26 7.8 -0.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 35.1 66 9 7.6 -0.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 35.0 15 60 8.3 +0.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 34.8 32 43 5.3 -3.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 34.6 70 5 7.1 -1.2
JADE JPMorgan Active Developing Markets Equity ETF 33.8 65 10 6.4 -1.8
BKEM BNY Mellon Emerging Markets Equity ETF 33.7 11 64 7.9 -0.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 33.4 36 39 7.9 -0.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 33.2 33 42 8.1 -0.2
IEMG iShares Core MSCI Emerging Markets ETF 32.8 9 66 8.4 +0.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 32.8 32 43 6.9 -1.3
JHEM John Hancock Multifactor Emerging Markets ETF 32.8 49 26 8.2 -0.1
EMGF iShares Emerging Markets Equity Factor ETF 32.8 25 50 9.3 +1.1
XCNY SPDR S&P Emerging Markets ex-China ETF 31.8 15 60 6.2 -2.0
FLAX Franklin FTSE Asia Ex Japan ETF 31.8 19 56 7.3 -0.9
ESGE iShares ESG Aware MSCI EM ETF 31.2 25 50 8.4 +0.1
ECON Columbia Emerging Markets Consumer ETF 31.0 49 26 9.9 +1.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 31.0 15 60 6.5 -1.8
AIA iShares Asia 50 ETF 30.6 50 25 10.3 +2.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 30.6 45 30 8.3 +0.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 30.4 20 55 22,159.8 +22,151.5
DFAE Dimensional Emerging Core Equity Market ETF 28.7 35 40 7.4 -0.9
FRDM Freedom 100 Emerging Markets ETF 28.4 49 26 5.9 -2.4
PXH Invesco FTSE RAFI Emerging Markets ETF 27.2 49 26 13.4 +5.1
SCHE Schwab Emerging Markets Equity ETF 26.9 11 64 9.4 +1.1
DEXC Dimensional Emerging Markets ex China Core EquityETF 26.9 53 22 6.0 -2.2
VWO Vanguard FTSE Emerging Markets ETF 26.5 7 68 9.0 +0.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 25.7 39 36 14.2 +5.9
FDEM Fidelity Emerging Markets Multifactor ETF 24.5 25 50 10.6 +2.4
EMMF WisdomTree Emerging Markets Multifactor Fund 24.3 48 27 5.9 -2.3
EMXF iShares ESG Advanced MSCI EM ETF 24.2 16 59 7.1 -1.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 23.5 30 45 7.5 -0.8
SPEM SPDR Portfolio Emerging Markets ETF 23.3 7 68 9.2 +0.9
LDEM iShares ESG MSCI EM Leaders ETF 23.2 17 58 11.2 +2.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 23.1 40 35 6.1 -2.2
MEM Matthews Emerging Markets Equity Active ETF 22.9 79 -4 6.3 -2.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 22.4 59 16 7.4 -0.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 22.1 38 37 7.4 -0.8
MINV Matthews Asia Innovators Active ETF 22.0 79 -4 5.4 -2.9
DEHP Dimensional Emerging Markets High Profitability ETF 21.8 41 34 5.2 -3.1
PATN Pacer Nasdaq International Patent Leaders ETF 21.7 65 10 4.5 -3.7
FLLA Franklin FTSE Latin America ETF 20.9 19 56 11.5 +3.2
NUEM Nuveen ESG Emerging Markets Equity ETF 20.5 36 39 6.6 -1.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 19.7 50 25 9.1 +0.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 19.6 35 40 11.6 +3.3
RNEM First Trust Emerging Markets Equity Select ETF 18.6 75 0 7.8 -0.5
XC WisdomTree Emerging Markets Ex-China Fund 18.5 32 43 5.4 -2.8
FLKR Franklin FTSE South Korea ETF 18.5 9 66 5.6 -2.7
EWY iShares MSCI South Korea ETF 18.5 58 17 4.8 -3.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 18.1 95 -20 10.2 +1.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 17.8 41 34 7.0 -1.2
ROAM Hartford Multifactor Emerging Markets ETF 17.0 44 31 10.2 +1.9
AVXC Avantis Emerging Markets Ex-China Equity ETF 16.9 33 42 6.8 -1.5
FLN First Trust Latin America AlphaDEX Fund 16.3 80 -5 10.1 +1.8
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 16.1 88 -13 7.3 -1.0
DFEV Dimensional Emerging Markets Value ETF 16.0 43 32 10.3 +2.1
AVEM Avantis Emerging Markets Equity ETF 15.8 33 42 7.2 -1.1
BKF iShares MSCI BIC ETF 15.5 69 6 11.7 +3.4
KNCT Invesco Next Gen Connectivity ETF 15.1 40 35 3.9 -4.3
ILF iShares Latin America 40 ETF 14.8 48 27 10.4 +2.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 14.4 44 31 9.3 +1.0
FLTW Franklin FTSE Taiwan ETF 14.2 19 56 5.0 -3.2
EWT iShares MSCI Taiwan ETF 14.2 58 17 4.9 -3.4
EMC Global X Emerging Markets Great Consumer ETF 14.1 75 0 6.9 -1.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 14.0 25 50 5.9 -2.4
AVSE Avantis Responsible Emerging Markets Equity ETF 14.0 33 42 6.9 -1.4
GMF SPDR S&P Emerging Asia Pacific ETF 13.4 49 26 8.3 +0.0
CGXU Capital Group International Focus Equity ETF 13.3 54 21 4.7 -3.6
DEM WisdomTree Emerging Markets High Dividend Fund 12.3 63 12 11.8 +3.5
ACWX iShares MSCI ACWI ex U.S. ETF 12.2 34 41 6.4 -1.9
VSGX Vanguard ESG International Stock ETF 12.2 10 65 6.6 -1.7
INDA iShares MSCI India ETF 11.9 65 10 4.1 -4.2
FLBR Franklin FTSE Brazil ETF 11.8 19 56 13.5 +5.2
NFTY First Trust India NIFTY 50 Equal Weight ETF 11.8 80 -5 4.4 -3.8
EMM Global X Emerging Markets ex-China ETF 11.7 75 0 5.5 -2.8
INDY iShares India 50 ETF 11.7 89 -14 5.0 -3.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 11.3 41 34 6.4 -1.9
VEU Vanguard FTSE All-World ex-US Index Fund 11.2 4 71 6.8 -1.5
EWZ iShares MSCI Brazil ETF 11.1 58 17 11.8 +3.5
PIN Invesco India ETF 11.1 78 -3 4.6 -3.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 11.1 18 57 6.4 -1.9
AIVC Amplify Bloomberg AI Value Chain ETF 11.0 59 16 4.4 -3.9
JIG JPMorgan International Growth ETF 10.7 55 20 3.9 -4.3
FLIN Franklin FTSE India ETF 10.7 19 56 3.6 -4.7
VXUS Vanguard Total International Stock ETF 10.6 5 70 6.8 -1.5
IXUS iShares Core MSCI Total International Stock ETF 10.6 7 68 6.7 -1.6
FLMX Franklin FTSE Mexico ETF 10.5 19 56 8.6 +0.3
EWW iShares MSCI Mexico ETF 10.5 50 25 7.9 -0.4
CHAT Roundhill Generative AI & Technology ETF 10.5 75 0 6.2 -2.0
EPI WisdomTree India Earnings Fund 10.1 85 -10 4.4 -3.9
IMFL Invesco International Developed Dynamic Multifactor ETF 10.1 34 41 5.0 -3.3
IXN iShares Global Tech ETF 10.0 41 34 2.9 -5.4
VPL Vanguard FTSE Pacific ETF 9.7 7 68 5.7 -2.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 9.6 42 33 5.5 -2.8
AVES Avantis Emerging Markets Value ETF 9.4 36 39 9.4 +1.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.9 47 28 6.9 -1.3
AFK VanEck Africa Index ETF 8.7 98 -23 10.9 +2.6
AIQ Global X Artificial Intelligence & Technology ETF 8.6 68 7 2.9 -5.4
DVYE iShares Emerging Markets Dividend ETF 8.4 49 26 16.6 +8.3
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 8.3 60 15 8.7 +0.4
DOL WisdomTree International LargeCap Dividend Fund 8.2 48 27 6.1 -2.2
EZA iShares MSCI South Africa ETF 7.9 58 17 7.8 -0.5
DINT Davis Select International ETF 7.8 55 20 6.7 -1.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 7.5 90 -15 4.3 -3.9
IQDF FlexShares International Quality Dividend Index Fund 7.4 47 28 7.5 -0.7
CARZ First Trust NASDAQ Global Auto Index Fund 7.4 70 5 3.3 -4.9
UMMA Wahed Dow Jones Islamic World ETF 7.3 65 10 3.8 -4.4
EEMO Invesco S&P Emerging Markets Momentum ETF 7.2 29 46 6.8 -1.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 7.1 29 46 8.0 -0.3
WTAI WisdomTree Artificial Intelligence and Innovation Fund 6.8 45 30 2.1 -6.2
WRND IQ Global Equity R&D Leaders ETF 6.7 18 57 6.6 -1.7
CLNR IQ Cleaner Transport ETF 6.5 45 30 4.9 -3.4
FBOT Fidelity Disruptive Automation ETF 6.5 50 25 2.7 -5.5
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 6.5 80 -5 8.2 -0.0
VYMI Vanguard International High Dividend Yield ETF 6.3 17 58 8.2 -0.1
FEM First Trust Emerging Markets AlphaDEX Fund 6.3 80 -5 10.1 +1.8
FEOE First Eagle Overseas Equity ETF 6.3 79 -4 5.9 -2.4
EYLD Cambria Emerging Shareholder Yield ETF 6.2 66 9 10.5 +2.2
CWI SPDR MSCI ACWI ex-US ETF 5.9 30 45 6.4 -1.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 5.9 30 45 6.6 -1.7
FNDF Schwab Fundamental International Large Co. Index ETF 5.8 25 50 8.1 -0.2
ARTY iShares Future AI & Tech ETF 5.8 47 28 2.8 -5.4
EPOL iShares MSCI Poland ETF 5.6 59 16 9.6 +1.3
GKAT Scharf Global Opportunity ETF 5.6 57 18 5.5 -2.8
WWJD Inspire International ETF 5.5 80 -5 6.4 -1.9
CHPX Global X AI Semiconductor & Quantum ETF 5.4 50 25 2.5 -5.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 5.3 75 0 2.3 -5.9
GMET VanEck Green Metals ETF 5.3 63 12 5.3 -3.0
ICOP iShares Copper and Metals Mining ETF 5.3 47 28 5.6 -2.7
FMET Fidelity Metaverse ETF 5.2 39 36 4.3 -4.0
DWLD Davis Select Worldwide ETF 5.2 63 12 6.4 -1.9
NXTG First Trust Indxx NextG ETF 5.2 70 5 4.4 -3.9
IGRO iShares International Dividend Growth ETF 5.2 15 60 6.3 -2.0
AGQI First Trust Active Global Quality Income ETF 5.1 85 -10 4.6 -3.7
NDIA Global X India Active ETF 5.0 75 0 4.9 -3.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 5.0 45 30 9.3 +1.1
GVAL Cambria Global Value ETF 5.0 68 7 9.2 +0.9
EDIV SPDR S&P Emerging Markets Dividend ETF 5.0 49 26 8.6 +0.4
PICK iShares MSCI Global Metals & Mining Producers ETF 4.9 39 36 8.5 +0.3
AIS VistaShares Artificial Intelligence Supercycle ETF 4.9 75 0 1.9 -6.3
IGPT Invesco AI and Next Gen Software ETF 4.8 60 15 3.3 -5.0
ACWV iShares MSCI Global Min Vol Factor ETF 4.7 20 55 5.3 -2.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 4.5 45 30 7.4 -0.8
FEGE First Eagle Global Equity ETF 4.5 79 -4 5.6 -2.7
KLMT Invesco MSCI Global Climate 500 ETF 4.5 10 65 5.0 -3.3
ACWI iShares MSCI ACWI ETF 4.4 32 43 4.7 -3.6
HFXI IQ FTSE International Equity Currency Neutral ETF 4.3 20 55 5.9 -2.3
ICPY Tweedy, Browne International Insider Value ETF 4.1 80 -5 9.9 +1.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.1 20 55 4.8 -3.5
DMAT Global X Disruptive Materials ETF 4.0 59 16 4.9 -3.4
OAIM OneAscent International Equity ETF 4.0 95 -20 4.6 -3.7
DSTX Distillate International Fundamental Stability & Value ETF 3.9 55 20 6.6 -1.6
VT Vanguard Total World Stock ETF 3.9 6 69 5.1 -3.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.9 70 5 11.6 +3.4
SCHF Schwab International Equity ETF 3.9 6 69 6.2 -2.1
VIDI Vident International Equity Strategy ETF 3.9 61 14 9.2 +0.9
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.8 46 29 8.1 -0.1
DTCR Global X Data Center & Digital Infrastructure ETF 3.8 50 25 3.1 -5.2
VEA Vanguard FTSE Developed Markets ETF 3.6 3 72 6.1 -2.2
FDNI First Trust Dow Jones International Internet ETF 3.6 65 10 18.6 +10.3
MOTI VanEck Morningstar International Moat ETF 3.4 58 17 9.1 +0.9
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.4 80 -5 7.3 -1.0
RGEF Rockefeller Global Equity ETF 3.4 55 20 3.9 -4.4
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.4 65 10 7.1 -1.2
COPY Tweedy, Browne Insider + Value ETF 3.3 80 -5 10.2 +1.9
IDOG ALPS International Sector Dividend Dogs ETF 3.2 50 25 10.6 +2.4
SDIV Global X Superdividend ETF 3.0 58 17 15.3 +7.0
JPIN J.P. Morgan Diversified Return International Equity ETF 3.0 37 38 7.2 -1.0
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.9 65 10 1.6 -6.7
GLOF iShares Global Equity Factor ETF 2.9 20 55 5.9 -2.4
MOTG VanEck Morningstar Global Wide Moat ETF 2.9 52 23 8.7 +0.4
GLIN VanEck India Growth Leaders ETF 2.9 77 -2 4.9 -3.4
BLES Inspire Global Hope ETF 2.9 61 14 6.0 -2.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.8 60 15 9.6 +1.3
JSTC Adasina Social Justice All Cap Global ETF 2.7 89 -14 4.2 -4.1
BATT Amplify Lithium & Battery Technology ETF 2.7 59 16 1.6 -6.7
DWX SPDR S&P International Dividend ETF 2.7 45 30 6.8 -1.5
UIVM VictoryShares International Value Momentum ETF 2.6 35 40 7.5 -0.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.6 12 63 4.3 -3.9
TPIF Timothy Plan International ETF 2.5 62 13 5.4 -2.9
FKU First Trust United Kingdom AlphaDEX Fund 2.5 80 -5 6.5 -1.8
RING iShares MSCI Global Gold Miners ETF 2.4 39 36 2.8 -5.5
CIL VictoryShares International Volatility Wtd ETF 2.3 45 30 5.7 -2.6
VIGI Vanguard International Dividend Appreciation ETF 2.3 10 65 5.7 -2.6
CGGO Capital Group Global Growth Equity ETF 2.2 47 28 3.8 -4.5
JGLO JPMorgan Global Select Equity ETF 2.2 33 42 4.3 -4.0
XT iShares Exponential Technologies ETF 2.1 46 29 4.2 -4.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.1 67 8 13.1 +4.9
OTGL OTG Latin America ETF 2.1 269 -194 7.0 -1.3
INCO Columbia India Consumer ETF 2.1 75 0 1.6 -6.7
IDHQ Invesco S&P International Developed High Quality ETF 2.0 29 46 5.3 -3.0
DGT State Street SPDR Global Dow ETF 1.9 50 25 5.9 -2.4
FDD First Trust Stoxx European Select Dividend Index Fund 1.8 58 17 9.8 +1.6
CRAK VanEck Oil Refiners ETF 1.8 61 14 10.8 +2.6
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.8 58 17 7.3 -1.0
SPDW SPDR Portfolio Developed World ex-US ETF 1.7 3 72 6.0 -2.3
SCHY Schwab International Dividend Equity ETF 1.7 14 61 8.8 +0.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.7 24 51 6.4 -1.9
RCGE RockCreek Global Equality ETF 1.6 95 -20 6.0 -2.2
DGIN VanEck Digital India ETF 1.6 71 4 1.2 -7.0
BRAZ Global X Brazil Active ETF 1.6 75 0 10.3 +2.0
QTUM Defiance Quantum ETF 1.6 40 35 4.2 -4.1
JHDV John Hancock U.S. High Dividend ETF 1.5 34 41 5.9 -2.3
EPU iShares MSCI Peru and Global Exposure ETF 1.5 59 16 4.2 -4.1
BOUT Innovator IBD Breakout Opportunities ETF 1.5 81 -6 4.5 -3.8
IXG iShares Global Financials ETF 1.4 42 33 5.9 -2.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.4 60 15 7.6 -0.7
ROBO ROBO Global Robotics & Automation Index ETF 1.4 95 -20 2.7 -5.6
BINV Brandes International ETF 1.3 70 5 8.2 -0.1
METV Roundhill Ball Metaverse ETF 1.3 59 16 7.5 -0.8
IPAV Global X Infrastructure Development ex-U.S. ETF 1.3 55 20 5.8 -2.4
IOO iShares Global 100 ETF 1.3 41 34 3.9 -4.4
CGGR Capital Group Growth ETF 1.3 39 36 2.7 -5.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.2 9 66 4.9 -3.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.2 45 30 1.6 -6.7
MXI iShares Global Materials ETF 1.1 41 34 6.1 -2.2
CZA Invesco Zacks Mid-Cap ETF 1.1 72 3 6.6 -1.7
IDV iShares International Select Dividend ETF 1.0 51 24 9.4 +1.2
TTAI FCF International Quality ETF 1.0 59 16 6.5 -1.8
FDLS Inspire Fidelis Multi Factor ETF 1.0 76 -1 4.0 -4.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.0 78 -3 8.5 +0.3
ISHP First Trust Nasdaq Retail ETF 1.0 60 15 5.0 -3.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 1.0 65 10 9.7 +1.5
DEW WisdomTree Global High Dividend Fund 0.9 58 17 7.5 -0.8
KXI iShares Global Consumer Staples ETF 0.9 41 34 5.1 -3.1
RXI iShares Global Consumer Discretionary ETF 0.8 41 34 7.1 -1.2
FFND Future Fund Active ETF 0.8 100 -25 3.1 -5.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.8 47 28 5.8 -2.5
FCLD Fidelity Cloud Computing ETF 0.8 39 36 2.9 -5.3
KAT Scharf ETF 0.8 87 -12 4.6 -3.6
FPAG FPA Global Equity ETF 0.8 49 26 4.9 -3.4
OCEN IQ Clean Oceans ETF 0.8 45 30 5.0 -3.2
HAP VanEck Natural Resources ETF 0.7 50 25 7.6 -0.7
HUMN Roundhill Humanoid Robotics ETF 0.7 75 0 0.9 -7.4
VCLN Virtus Duff & Phelps Clean Energy ETF 0.7 59 16 3.7 -4.6
RNRG Global X Renewable Energy Producers ETF 0.7 66 9 5.0 -3.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.6 56 19 10.0 +1.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.6 86 -11 12.0 +3.7
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.6 86 -11 0.4 -7.9
FDTX Fidelity Disruptive Technology ETF 0.6 50 25 2.1 -6.1
SNSR Global X Internet of Things ETF 0.6 68 7 4.2 -4.1
FEP First Trust Europe AlphaDEX Fund 0.6 80 -5 6.9 -1.4
PBD Invesco Global Clean Energy ETF 0.6 75 0 0.6 -7.6
IBAT iShares Energy Storage & Materials ETF 0.6 47 28 2.4 -5.9
POW VistaShares Electrification Supercycle ETF 0.6 75 0 2.9 -5.4
IXP iShares Global Comm Services ETF 0.5 42 33 5.3 -3.0
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 36 7.3 -1.0
DIVI Franklin International Core Dividend Tilt Index ETF 0.4 9 66 6.9 -1.4
GEW Cambria Global EW ETF 0.4 29 46 5.3 -3.0
JXI iShares Global Utilities ETF 0.4 43 32 5.3 -3.0
FTAG First Trust Indxx Global Agriculture ETF 0.4 70 5 7.4 -0.9
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.4 80 -5 3.4 -4.9
SHLD Global X Defense Tech ETF 0.4 50 25 2.2 -6.0
EXI iShares Global Industrials ETF 0.4 42 33 3.6 -4.6
CGDG Capital Group Dividend Growers ETF 0.4 47 28 5.3 -3.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 26 6.1 -2.2
BBEU JPMorgan BetaBuilders Europe ETF 0.4 9 66 6.2 -2.1
AGNG Global X Aging Population ETF 0.4 50 25 4.0 -4.3
FDCF Fidelity Disruptive Communications ETF 0.4 50 25 3.3 -4.9
SOCL Global X Social Media ETF 0.4 65 10 9.1 +0.8
IQSI IQ Candriam International Equity ETF 0.4 15 60 5.6 -2.7
MOTO SmartETFs Smart Transportation & Technology ETF 0.4 68 7 5.4 -2.9
GCOW Pacer Global Cash Cows Dividend ETF 0.4 60 15 9.6 +1.3
SDG iShares MSCI Global Sustainable Development Goals ETF 0.3 49 26 4.8 -3.5
FLEE Franklin FTSE Europe ETF 0.3 9 66 6.3 -2.0
VGK Vanguard FTSE Europe ETF 0.3 6 69 6.4 -1.9
SPEU SPDR Portfolio Europe ETF 0.3 7 68 6.3 -2.0
IXJ iShares Global Healthcare ETF 0.3 42 33 5.7 -2.6
IDRV iShares Self-driving EV & Tech ETF 0.3 47 28 3.0 -5.2
INQQ India Internet & Ecommerce ETF 0.3 86 -11 1.2 -7.1
ANEW ProShares MSCI Transformational Changes ETF 0.3 45 30 4.5 -3.7
SRVR Pacer Data & Infrastructure Real Estate ETF 0.2 55 20 4.1 -4.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 55 5.8 -2.5
BKIE BNY Mellon International Equity ETF 0.2 4 71 6.0 -2.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 36 5.3 -3.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 36 6.8 -1.5
BMED Future Health ETF 0.1 85 -10 0.2 -8.1
HELX Franklin Genomic Advancements ETF 0.1 50 25 -0.4 -8.6
SUPL ProShares Supply Chain Logistics ETF 0.1 58 17 9.2 +0.9
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.1 75 0 3.0 -5.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 17 3.8 -4.5
VYM Vanguard High Dividend Yield Index ETF 0.1 6 69 6.2 -2.0
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 66 4.1 -4.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 33 4.7 -3.6
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 36 5.9 -2.4

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 16.2 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 8.3 %
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.