Fidelity Emerging Markets Multifactor ETF
ALTAR
Score™		 10.1% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 11.4x P/Sales
ratio		 1.4x
P/BV
ratio		 1.4x Div.
yield		 2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Targeted Emerging Markets Factor Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Fidelity
Website institutional.fidelity.com
Inception date Feb 26, 2019
Assets (mns) $403
Currency USD
Expense ratio 25 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 257
Wgt avg mkt cap (mns) $215,350
Large cap (>$10bn) 59.0%
Mid cap ($2-10bn) 38.3%
Small cap (<$2bn) 1.5%
Developed mkts 7.3%
Emerging mkts 92.7%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 9.9 %
TENCENT HOLDINGS LTD 4.8 %
SAMSUNG ELECTRONICS CO LTD 3.7 %
ALIBABA GROUP HOLDING LTD. 3.3 %
CHINA RESOURCES MIXC LIFESTYLE SER 2.3 %
HYNIX SEMICONDUCTOR INC 2.0 %
EMAAR DEVELOPMENT PJSC 1.8 %
FIBRA UNO ADMINISTRACION SA 1.7 %
HDFC BANK LIMITED 1.1 %
PETROCHINA CO LTD-H 1.1 %
Total 31.9 %

TOP COUNTRY EXPOSURE
CHINA 28.5 %
TAIWAN 18.0 %
SOUTH KOREA 11.7 %
INDIA 10.9 %
BRAZIL 2.9 %
UAE 2.6 %
HUNGARY 2.6 %
CHILE 2.2 %
MEXICO 2.1 %
INDONESIA 2.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
8.0% 33.0% 7.7% -- 7.8%

Market Correlations
versus... Beta R-squared
S&P500 0.58 46%
MSCI EAFE 0.76 58%
MSCI Emg. Mkts. 0.86 89%

Technical Indicators
Recent close $35.00
30d moving avg. $33.41
Annualized volatility 12.4%
Short interest (ETF) 0.2%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 148
Turnover 1.3%
Bid/Ask (% of price) 0.58%
ADV underlying (mns) $7,084

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 432 potential alternatives to the Fidelity Emerging Markets Multifactor ETF ETF based on the alternatives' overlap in portfolio holdings with FDEM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FDEM Expense: 25 bp ALTAR Score™: 10.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FDEM
Ticker Fund
Name		 Overlap1
vs FDEM
(%)		 Expense
ratio
(bp)		 Savings
vs FDEM
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FDEM
(%)
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 41.2 15 10 8.0 -2.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 41.1 66 -41 7.4 -2.7
EEMA iShares MSCI Emerging Markets Asia ETF 40.7 49 -24 7.6 -2.5
EMGF iShares Emerging Markets Equity Factor ETF 40.7 25 0 9.0 -1.2
FLAX Franklin FTSE Asia Ex Japan ETF 40.5 19 6 7.3 -2.9
BKEM BNY Mellon Emerging Markets Equity ETF 40.2 11 14 7.9 -2.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 39.7 36 -11 7.6 -2.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 39.3 70 -45 7.1 -3.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 39.2 30 -5 8.0 -2.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 39.0 15 10 8.8 -1.4
EEM iShares MSCI Emerging Markets ETF 38.9 69 -44 7.8 -2.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 38.1 33 -8 6.8 -3.4
JHEM John Hancock Multifactor Emerging Markets ETF 37.7 49 -24 7.6 -2.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 37.2 32 -7 7.4 -2.7
IEMG iShares Core MSCI Emerging Markets ETF 36.6 9 16 8.2 -2.0
ESGE iShares ESG Aware MSCI EM ETF 36.0 25 0 8.3 -1.9
EMMF WisdomTree Emerging Markets Multifactor Fund 35.5 48 -23 8.5 -1.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 34.8 40 -15 6.3 -3.9
DFAE Dimensional Emerging Core Equity Market ETF 34.2 35 -10 7.0 -3.2
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 33.5 88 -63 7.7 -2.5
ECON Columbia Emerging Markets Consumer ETF 33.4 49 -24 6.9 -3.3
JIVE JPMorgan International Value ETF 33.3 55 -30 8.1 -2.1
SCHE Schwab Emerging Markets Equity ETF 33.3 11 14 9.2 -1.0
AIA iShares Asia 50 ETF 33.2 50 -25 8.5 -1.6
VWO Vanguard FTSE Emerging Markets ETF 33.0 7 18 8.9 -1.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 32.8 20 5 -0.2 -10.3
JADE JPMorgan Active Developing Markets Equity ETF 32.5 65 -40 6.1 -4.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 31.4 30 -5 7.7 -2.4
PXH Invesco FTSE RAFI Emerging Markets ETF 31.3 49 -24 13.1 +2.9
SPEM SPDR Portfolio Emerging Markets ETF 31.1 7 18 9.2 -0.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 30.0 24 1 5.4 -4.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 29.5 38 -13 7.0 -3.1
EMXC iShares MSCI Emerging Markets ex China ETF 29.0 25 0 5.3 -4.9
DEHP Dimensional Emerging Markets High Profitability ETF 28.8 41 -16 4.9 -5.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 28.6 32 -7 4.9 -5.3
XCEM Columbia EM Core ex-China ETF 28.5 16 9 5.1 -5.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 27.9 41 -16 6.8 -3.3
MEM Matthews Emerging Markets Equity Active ETF 27.9 79 -54 8.3 -1.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 27.9 39 -14 13.3 +3.2
MINV Matthews Asia Innovators Active ETF 27.7 79 -54 6.1 -4.0
ROAM Hartford Multifactor Emerging Markets ETF 27.3 44 -19 7.7 -2.4
STXE Strive Emerging Markets Ex-China ETF 26.9 32 -7 5.5 -4.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 26.5 59 -34 8.3 -1.8
LDEM iShares ESG MSCI EM Leaders ETF 26.4 17 8 11.6 +1.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 25.7 95 -70 10.1 -0.1
GMF SPDR S&P Emerging Asia Pacific ETF 25.5 49 -24 8.5 -1.6
BKF iShares MSCI BIC ETF 25.3 69 -44 12.9 +2.7
EMXF iShares ESG Advanced MSCI EM ETF 24.6 16 9 6.9 -3.2
EMDM First Trust Bloomberg Emerging Market Democracies ETF 24.6 75 -50 6.3 -3.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 24.2 53 -28 5.3 -4.8
NUEM Nuveen ESG Emerging Markets Equity ETF 23.5 36 -11 6.0 -4.1
VEXC Vanguard Emerging Markets Ex-China ETF 23.4 7 18 5.7 -4.5
PATN Pacer Nasdaq International Patent Leaders ETF 23.1 65 -40 4.4 -5.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 23.0 25 0 6.3 -3.8
XCNY SPDR S&P Emerging Markets ex-China ETF 23.0 15 10 5.7 -4.5
AVEM Avantis Emerging Markets Equity ETF 22.3 33 -8 7.1 -3.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 21.8 35 -10 10.8 +0.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 21.7 50 -25 8.1 -2.1
AVSE Avantis Responsible Emerging Markets Equity ETF 21.6 33 -8 6.7 -3.5
FLCH Franklin FTSE China ETF 21.2 19 6 16.0 +5.8
FTHF First Trust Emerging Markets Human Flourishing ETF 21.1 75 -50 6.0 -4.2
MCHI iShares MSCI China ETF 21.0 59 -34 18.0 +7.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 20.9 45 -20 9.2 -1.0
GXC SPDR S & P China ETF 20.7 59 -34 16.6 +6.5
FXI iShares China Large-Cap ETF 19.5 74 -49 19.1 +9.0
DFEV Dimensional Emerging Markets Value ETF 18.7 43 -18 9.7 -0.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 18.6 44 -19 8.8 -1.3
EMC Global X Emerging Markets Great Consumer ETF 17.5 75 -50 7.1 -3.0
EEMO Invesco S&P Emerging Markets Momentum ETF 17.5 29 -4 7.5 -2.6
RNEM First Trust Emerging Markets Equity Select ETF 16.9 75 -50 7.4 -2.8
FLTW Franklin FTSE Taiwan ETF 16.7 19 6 4.4 -5.8
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 16.7 60 -35 8.4 -1.8
CXSE WisdomTree China ex-State-Owned Enterprises Fund 16.1 32 -7 12.8 +2.7
EWT iShares MSCI Taiwan ETF 15.9 58 -33 4.0 -6.2
JIG JPMorgan International Growth ETF 15.8 55 -30 3.5 -6.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 15.7 42 -17 3.9 -6.3
KNCT Invesco Next Gen Connectivity ETF 15.6 40 -15 3.8 -6.4
CHAT Roundhill Generative AI & Technology ETF 15.3 75 -50 5.5 -4.7
VSGX Vanguard ESG International Stock ETF 14.3 10 15 6.4 -3.7
AVXC Avantis Emerging Markets Ex-China Equity ETF 14.3 33 -8 6.3 -3.9
ACWX iShares MSCI ACWI ex U.S. ETF 14.2 34 -9 6.2 -4.0
JCHI JPMorgan Active China ETF 14.2 65 -40 14.4 +4.3
AVES Avantis Emerging Markets Value ETF 13.8 36 -11 8.5 -1.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 13.6 29 -4 8.2 -1.9
FEM First Trust Emerging Markets AlphaDEX Fund 13.4 80 -55 8.8 -1.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 13.3 90 -65 4.0 -6.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 13.2 41 -16 6.0 -4.1
VEU Vanguard FTSE All-World ex-US Index Fund 13.2 4 21 6.5 -3.6
IQDF FlexShares International Quality Dividend Index Fund 13.2 47 -22 7.4 -2.7
KTEC KraneShares Hang Seng TECH Index ETF 13.2 69 -44 18.3 +8.2
CGXU Capital Group International Focus Equity ETF 13.1 54 -29 3.8 -6.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 13.0 18 7 6.2 -4.0
DEM WisdomTree Emerging Markets High Dividend Fund 12.9 63 -38 10.5 +0.4
KWEB KraneShares CSI China Internet ETF 12.7 69 -44 19.7 +9.6
IXUS iShares Core MSCI Total International Stock ETF 12.5 7 18 6.4 -3.7
MCH Matthews China Active ETF 12.5 79 -54 14.0 +3.9
VXUS Vanguard Total International Stock ETF 12.5 5 20 6.5 -3.7
TCHI iShares MSCI China Multisector Tech ETF 12.2 59 -34 13.5 +3.4
FRDM Freedom 100 Emerging Markets ETF 12.1 49 -24 5.5 -4.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 12.1 47 -22 7.3 -2.9
FDNI First Trust Dow Jones International Internet ETF 11.7 65 -40 21.0 +10.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 11.7 86 -61 10.8 +0.7
IXN iShares Global Tech ETF 11.5 41 -16 3.2 -7.0
XC WisdomTree Emerging Markets Ex-China Fund 10.9 32 -7 5.7 -4.4
AIVC Amplify Bloomberg AI Value Chain ETF 10.6 59 -34 4.9 -5.2
FLKR Franklin FTSE South Korea ETF 10.4 9 16 4.8 -5.4
DVYE iShares Emerging Markets Dividend ETF 10.3 49 -24 16.9 +6.7
EYLD Cambria Emerging Shareholder Yield ETF 10.0 66 -41 9.1 -1.1
EWY iShares MSCI South Korea ETF 9.8 58 -33 3.7 -6.4
FMET Fidelity Metaverse ETF 9.2 39 -14 4.6 -5.5
ECOW Pacer Emerging Markets Cash Cows 100 ETF 9.2 70 -45 8.9 -1.2
FLIN Franklin FTSE India ETF 9.1 19 6 3.7 -6.4
FRGN Horizon International Equity ETF 9.0 75 -50 7.8 -2.3
EPI WisdomTree India Earnings Fund 9.0 85 -60 4.5 -5.6
SDEM Global X MSCI SuperDividend Emerging Markets ETF 8.9 67 -42 11.9 +1.7
INDA iShares MSCI India ETF 8.8 65 -40 4.0 -6.1
AIQ Global X Artificial Intelligence & Technology ETF 8.7 68 -43 3.3 -6.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 8.5 30 -5 6.2 -4.0
MOTI VanEck Morningstar International Moat ETF 8.4 58 -33 8.8 -1.4
CHIQ Global X MSCI China Consumer Discretionary ETF 8.3 65 -40 11.4 +1.3
PIN Invesco India ETF 8.1 78 -53 4.2 -5.9
VIDI Vident International Equity Strategy ETF 8.0 61 -36 8.1 -2.0
AQLT iShares MSCI Global Quality Factor ETF 7.9 18 7 0.0 -10.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 7.6 80 -55 6.8 -3.3
ACWV iShares MSCI Global Min Vol Factor ETF 7.3 20 5 5.5 -4.7
MOTG VanEck Morningstar Global Wide Moat ETF 7.3 52 -27 7.1 -3.1
NFTY First Trust India NIFTY 50 Equal Weight ETF 7.3 80 -55 4.3 -5.8
CWI SPDR MSCI ACWI ex-US ETF 7.2 30 -5 6.2 -3.9
VPL Vanguard FTSE Pacific ETF 7.0 7 18 5.2 -4.9
INDY iShares India 50 ETF 7.0 89 -64 4.5 -5.6
CGRO CoreValues Alpha Greater China Growth ETF 6.9 75 -50 4.2 -5.9
METV Roundhill Ball Metaverse ETF 6.9 59 -34 8.2 -2.0
CQQQ Invesco China Technology ETF 6.9 70 -45 14.2 +4.0
NXTG First Trust Indxx NextG ETF 6.9 70 -45 4.4 -5.7
BNGE First Trust S-Network Streaming and Gaming ETF 6.8 70 -45 2.8 -7.3
CLNR IQ Cleaner Transport ETF 6.8 45 -20 3.9 -6.3
WRND IQ Global Equity R&D Leaders ETF 6.6 18 7 4.1 -6.1
FBOT Fidelity Disruptive Automation ETF 6.5 50 -25 2.9 -7.3
FLN First Trust Latin America AlphaDEX Fund 6.5 80 -55 9.0 -1.1
UMMA Wahed Dow Jones Islamic World ETF 6.4 65 -40 3.6 -6.6
IMFL Invesco International Developed Dynamic Multifactor ETF 6.4 34 -9 4.8 -5.3
DOL WisdomTree International LargeCap Dividend Fund 6.3 48 -23 5.5 -4.7
FLLA Franklin FTSE Latin America ETF 6.1 19 6 9.6 -0.5
FEOE First Eagle Overseas Equity ETF 6.1 79 -54 5.7 -4.4
ESPO VanEck Video Gaming and eSports ETF 5.9 56 -31 6.0 -4.1
ODDS Pacer BlueStar Digital Entertainment ETF 5.9 60 -35 4.4 -5.7
SOCL Global X Social Media ETF 5.9 65 -40 11.1 +0.9
VYMI Vanguard International High Dividend Yield ETF 5.9 17 8 7.7 -2.4
AGIX KraneShares Artificial Intelligence and Technology ETF 5.7 99 -74 1.5 -8.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 5.7 65 -40 7.5 -2.6
IXP iShares Global Comm Services ETF 5.6 42 -17 5.4 -4.7
ARTY iShares Future AI & Tech ETF 5.6 47 -22 3.2 -6.9
FNDF Schwab Fundamental International Large Co. Index ETF 5.6 25 0 7.3 -2.9
IVRS iShares Future Metaverse Tech and Communications ETF 5.5 47 -22 5.0 -5.1
GLOF iShares Global Equity Factor ETF 5.5 20 5 5.7 -4.5
AGQI First Trust Active Global Quality Income ETF 5.4 85 -60 6.2 -4.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 5.4 75 -50 2.3 -7.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.4 20 5 4.8 -5.4
ACWI iShares MSCI ACWI ETF 5.4 32 -7 4.7 -5.4
IGRO iShares International Dividend Growth ETF 5.3 15 10 6.4 -3.7
CARZ First Trust NASDAQ Global Auto Index Fund 5.3 70 -45 2.9 -7.3
DSTX Distillate International Fundamental Stability & Value ETF 5.3 55 -30 6.1 -4.0
ANEW ProShares MSCI Transformational Changes ETF 5.1 45 -20 4.3 -5.8
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 5.0 75 -50 3.6 -6.5
FCA First Trust China AlphaDEX Fund 4.8 80 -55 6.5 -3.6
VT Vanguard Total World Stock ETF 4.8 6 19 5.1 -5.1
GVAL Cambria Global Value ETF 4.8 68 -43 8.7 -1.5
RXI iShares Global Consumer Discretionary ETF 4.8 41 -16 7.4 -2.7
KLMT Invesco MSCI Global Climate 500 ETF 4.7 10 15 5.0 -5.1
FEGE First Eagle Global Equity ETF 4.5 79 -54 5.6 -4.5
GLIN VanEck India Growth Leaders ETF 4.5 77 -52 5.0 -5.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 4.4 80 -55 6.3 -3.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.4 60 -35 9.3 -0.9
OAIM OneAscent International Equity ETF 4.3 95 -70 4.5 -5.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 4.3 58 -33 8.0 -2.1
EMM Global X Emerging Markets ex-China ETF 4.2 75 -50 4.9 -5.3
IBLC iShares Blockchain and Tech ETF 4.2 47 -22 -1.4 -11.5
ARVR First Trust Indxx Metaverse ETF 4.2 70 -45 4.2 -6.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.1 12 13 4.5 -5.7
DTCR Global X Data Center & Digital Infrastructure ETF 4.0 50 -25 3.9 -6.2
XT iShares Exponential Technologies ETF 4.0 46 -21 4.1 -6.0
JGLO JPMorgan Global Select Equity ETF 3.9 33 -8 4.2 -5.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.8 45 -20 6.6 -3.6
WTAI WisdomTree Artificial Intelligence and Innovation Fund 3.8 45 -20 2.6 -7.5
SCHF Schwab International Equity ETF 3.7 6 19 5.8 -4.3
HFXI IQ FTSE International Equity Currency Neutral ETF 3.7 20 5 5.5 -4.6
DINT Davis Select International ETF 3.7 55 -30 5.8 -4.3
DWLD Davis Select Worldwide ETF 3.7 63 -38 6.5 -3.6
RGEF Rockefeller Global Equity ETF 3.7 55 -30 3.9 -6.3
GKAT Scharf Global Opportunity ETF 3.7 57 -32 5.5 -4.6
EEMS iShares MSCI Emerging Markets Small Cap ETF 3.7 70 -45 6.2 -3.9
JSTC Adasina Social Justice All Cap Global ETF 3.5 89 -64 4.4 -5.7
VEA Vanguard FTSE Developed Markets ETF 3.5 3 22 5.8 -4.4
EDIV SPDR S&P Emerging Markets Dividend ETF 3.4 49 -24 8.4 -1.8
GINN Goldman Sachs Innovate Equity ETF 3.4 52 -27 3.8 -6.3
IGPT Invesco AI and Next Gen Software ETF 3.4 60 -35 3.4 -6.8
NDIA Global X India Active ETF 3.3 75 -50 4.4 -5.7
DGT State Street SPDR Global Dow ETF 3.3 50 -25 5.6 -4.5
SCHY Schwab International Dividend Equity ETF 3.3 14 11 7.8 -2.3
ICPY Tweedy, Browne International Insider Value ETF 3.2 80 -55 21.1 +10.9
WWJD Inspire International ETF 3.1 80 -55 6.0 -4.2
SDIV Global X Superdividend ETF 3.0 58 -33 12.8 +2.6
BUYZ Franklin Disruptive Commerce ETF 3.0 50 -25 2.3 -7.9
FLBR Franklin FTSE Brazil ETF 2.9 19 6 10.6 +0.5
OGIG ALPS O'Shares Global Internet Giants ETF 2.9 48 -23 2.5 -7.6
CHPX Global X AI Semiconductor & Quantum ETF 2.9 50 -25 2.5 -7.7
INCO Columbia India Consumer ETF 2.9 75 -50 1.8 -8.3
IOO iShares Global 100 ETF 2.9 41 -16 4.0 -6.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 2.8 42 -17 7.4 -2.8
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.8 60 -35 6.2 -4.0
ASEA Global X FTSE Southeast Asia ETF 2.8 65 -40 5.2 -5.0
JPIN J.P. Morgan Diversified Return International Equity ETF 2.8 37 -12 6.7 -3.5
COPY Tweedy, Browne Insider + Value ETF 2.8 80 -55 14.8 +4.7
GGME Invesco Next Gen Media and Gaming ETF 2.6 60 -35 4.9 -5.3
UIVM VictoryShares International Value Momentum ETF 2.6 35 -10 7.8 -2.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.6 78 -53 9.4 -0.8
PIEL Pacer International Export Leaders ETF 2.5 60 -35 3.9 -6.2
EWZ iShares MSCI Brazil ETF 2.5 58 -33 9.4 -0.7
GEW Cambria Global EW ETF 2.4 29 -4 5.3 -4.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 2.4 56 -31 9.3 -0.8
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.3 65 -40 1.5 -8.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.3 24 1 6.5 -3.7
GSIB Themes Global Systemically Important Banks ETF 2.2 35 -10 8.7 -1.4
AIS VistaShares Artificial Intelligence Supercycle ETF 2.2 75 -50 1.7 -8.5
BAI iShares AI Innovation and Tech Active ETF 2.2 55 -30 1.3 -8.9
ECH iShares MSCI Chile ETF 2.2 58 -33 6.6 -3.5
EWW iShares MSCI Mexico ETF 2.1 50 -25 7.5 -2.6
FLMX Franklin FTSE Mexico ETF 2.1 19 6 7.9 -2.2
IDHQ Invesco S&P International Developed High Quality ETF 2.1 29 -4 5.2 -4.9
UAE iShares MSCI UAE ETF 2.1 59 -34 0.0 -10.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.1 9 16 4.9 -5.2
IXG iShares Global Financials ETF 2.0 42 -17 6.2 -4.0
KOCG FIS Knights of Columbus Global Belief ETF 2.0 75 -50 4.3 -5.8
ILF iShares Latin America 40 ETF 2.0 48 -23 8.7 -1.4
FID First Trust S&P International Dividend Aristocrats ETF 2.0 60 -35 7.5 -2.6
WDIV SPDR S&P Global Dividend ETF 2.0 40 -15 8.8 -1.4
FDCF Fidelity Disruptive Communications ETF 1.9 50 -25 2.0 -8.2
EWM iShares MSCI Malaysia ETF 1.8 50 -25 6.0 -4.2
IDV iShares International Select Dividend ETF 1.8 51 -26 8.7 -1.5
TTAI FCF International Quality ETF 1.8 59 -34 6.5 -3.6
THD iShares MSCI Thailand ETF 1.8 58 -33 0.0 -10.1
KURE KraneShares MSCI All China Health Care Index ETF 1.6 65 -40 2.5 -7.6
GREK Global X MSCI Greece ETF 1.6 57 -32 9.1 -1.0
BLES Inspire Global Hope ETF 1.6 61 -36 5.7 -4.5
OND ProShares On-Demand ETF 1.6 58 -33 0.4 -9.8
DEW WisdomTree Global High Dividend Fund 1.6 58 -33 7.1 -3.0
BINV Brandes International ETF 1.6 70 -45 8.0 -2.1
IDX VanEck Indonesia Index ETF 1.6 57 -32 6.5 -3.6
DWX SPDR S&P International Dividend ETF 1.6 45 -20 6.4 -3.8
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.5 72 -47 2.1 -8.0
IBUY Amplify Online Retail ETF 1.5 65 -40 2.2 -8.0
SPDW SPDR Portfolio Developed World ex-US ETF 1.5 3 22 5.7 -4.5
BWEB Bitwise Web3 ETF 1.4 85 -60 -0.1 -10.2
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.4 80 -55 11.1 +1.0
COLO Global X MSCI Colombia ETF 1.3 62 -37 15.9 +5.8
DRGN Themes China Generative Artificial Intelligence ETF 1.3 39 -14 9.5 -0.6
AFK VanEck Africa Index ETF 1.3 98 -73 9.2 -1.0
XDAT Franklin Exponential Data ETF 1.3 50 -25 1.3 -8.9
WUGI AXS Esoterica NextG Economy ETF 1.2 75 -50 1.7 -8.5
PGJ Invesco Golden Dragon China ETF 1.2 70 -45 12.7 +2.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 1.2 65 -40 7.5 -2.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.2 46 -21 7.3 -2.9
FLSA Franklin FTSE Saudi Arabia ETF 1.2 39 -14 0.0 -10.1
HERO Global X Video Games & Esports ETF 1.1 50 -25 5.3 -4.8
NERD Roundhill Video Games ETF 1.1 50 -25 7.1 -3.0
FPXI First Trust International Equity Opportunities ETF 1.1 70 -45 3.9 -6.3
IPKW Invesco International BuyBack Achievers ETF 1.1 55 -30 7.7 -2.4
KSA iShares MSCI Saudi Arabia ETF 1.1 74 -49 0.0 -10.1
MOTO SmartETFs Smart Transportation & Technology ETF 1.1 68 -43 5.5 -4.7
CIL VictoryShares International Volatility Wtd ETF 1.1 45 -20 5.7 -4.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.0 12 13 7.5 -2.6
HUMN Roundhill Humanoid Robotics ETF 1.0 75 -50 1.1 -9.0
RWX SPDR Dow Jones International Real Estate ETF 1.0 59 -34 6.3 -3.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.0 8 17 6.0 -4.1
GCOW Pacer Global Cash Cows Dividend ETF 1.0 60 -35 8.8 -1.3
CGIE Capital Group International Equity ETF 1.0 54 -29 4.3 -5.8
TPIF Timothy Plan International ETF 0.9 62 -37 5.2 -4.9
FTRI First Trust Indxx Global Natural Resources Income ETF 0.9 70 -45 5.8 -4.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.9 80 -55 8.4 -1.8
BRAZ Global X Brazil Active ETF 0.9 75 -50 9.0 -1.1
EPU iShares MSCI Peru and Global Exposure ETF 0.9 59 -34 3.8 -6.3
QTUM Defiance Quantum ETF 0.9 40 -15 4.6 -5.6
ROBO ROBO Global Robotics & Automation Index ETF 0.9 95 -70 2.4 -7.7
DGIN VanEck Digital India ETF 0.8 71 -46 1.3 -8.8
KAT Scharf ETF 0.8 87 -62 5.8 -4.4
MDEV First Trust Indxx Medical Devices ETF 0.8 70 -45 4.4 -5.8
EPOL iShares MSCI Poland ETF 0.8 59 -34 9.1 -1.1
ECNS iShares MSCI China Small-Cap ETF 0.8 59 -34 7.6 -2.6
SNSR Global X Internet of Things ETF 0.8 68 -43 3.9 -6.2
ISHP First Trust Nasdaq Retail ETF 0.8 60 -35 5.0 -5.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.8 49 -24 5.7 -4.5
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.8 10 15 7.5 -2.7
CGGR Capital Group Growth ETF 0.8 39 -14 2.5 -7.6
IXC iShares Global Energy ETF 0.7 44 -19 7.7 -2.4
PICK iShares MSCI Global Metals & Mining Producers ETF 0.7 39 -14 7.5 -2.6
AWAY ETFMG Travel Tech ETF 0.7 76 -51 1.1 -9.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.7 47 -22 4.8 -5.4
QAT iShares MSCI Qatar ETF 0.7 59 -34 38.8 +28.7
FDTX Fidelity Disruptive Technology ETF 0.7 50 -25 2.1 -8.0
EIDO iShares MSCI Indonesia ETF 0.7 59 -34 7.2 -3.0
CRAK VanEck Oil Refiners ETF 0.7 61 -36 9.9 -0.3
IPAV Global X Infrastructure Development ex-U.S. ETF 0.7 55 -30 5.4 -4.8
CGDG Capital Group Dividend Growers ETF 0.6 47 -22 4.9 -5.2
BETZ Roundhill Sports Betting & iGaming ETF 0.6 75 -50 3.5 -6.7
BJK VanEck Gaming ETF 0.6 65 -40 4.1 -6.0
EZA iShares MSCI South Africa ETF 0.6 58 -33 7.0 -3.1
OZEM Roundhill GLP-1 & Weight Loss ETF 0.6 59 -34 4.8 -5.4
VIGI Vanguard International Dividend Appreciation ETF 0.6 10 15 5.8 -4.4
IDRV iShares Self-driving EV & Tech ETF 0.6 47 -22 1.2 -8.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 -14 6.5 -3.7
ABLG Abacus FCF International Leaders ETF 0.5 59 -34 5.8 -4.3
DRIV Global X Autonomous & Electric Vehicles ETF 0.5 68 -43 3.4 -6.7
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 0.5 65 -40 5.0 -5.1
CGGO Capital Group Global Growth Equity ETF 0.5 47 -22 4.2 -5.9
BOUT Innovator IBD Breakout Opportunities ETF 0.5 81 -56 3.1 -7.0
CZA Invesco Zacks Mid-Cap ETF 0.5 72 -47 5.7 -4.4
EATZ AdvisorShares Restaurant ETF 0.5 101 -76 4.5 -5.7
JOET Virtus Terranova US Quality Momentum ETF 0.5 29 -4 3.8 -6.4
TMFG Motley Fool Global Opportunities ETF 0.5 85 -60 3.7 -6.4
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.5 15 10 5.1 -5.1
FDLS Inspire Fidelis Multi Factor ETF 0.5 76 -51 3.2 -6.9
TIIV AAM Todd International Intrinsic Value ETF 0.5 54 -29 9.2 -0.9
CCNR ALPS CoreCommodity Natural Resources ETF 0.5 39 -14 7.9 -2.2
HELX Franklin Genomic Advancements ETF 0.5 50 -25 -1.4 -11.5
TMAT Main Thematic Innovation ETF 0.5 164 -139 -2.0 -12.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.5 4 21 5.5 -4.7
SHPP Pacer Industrials and Logistics ETF 0.5 60 -35 6.7 -3.4
OBOR KraneShares MSCI One Belt One Road Index ETF 0.5 79 -54 6.5 -3.6
DIVS SmartETFs Dividend Builder ETF 0.4 65 -40 4.2 -5.9
JETS U.S. Global Jets ETF 0.4 60 -35 2.2 -7.9
CGV Conductor Global Equity Value ETF 0.4 130 -105 6.9 -3.2
INTF iShares International Equity Factor ETF 0.4 15 10 6.2 -3.9
SMIN iShares MSCI India Small Cap ETF 0.4 79 -54 3.3 -6.8
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.4 70 -45 3.8 -6.3
SDG iShares MSCI Global Sustainable Development Goals ETF 0.3 49 -24 4.6 -5.6
RFDI First Trust Riverfront Dynamic Developed International ETF 0.3 83 -58 7.3 -2.8
AVRE Avantis Real Estate ETF 0.3 17 8 6.6 -3.5
SCHC Schwab International Small-Cap Equity ETF 0.3 11 14 6.2 -4.0
RWO SPDR Dow Jones Global Real Estate ETF 0.3 50 -25 6.1 -4.0
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.3 45 -20 -0.9 -11.1
REET iShares Global REIT ETF 0.3 14 11 6.8 -3.3
DFGR Dimensional Global Real Estate ETF 0.2 22 3 6.9 -3.3
OCEN IQ Clean Oceans ETF 0.2 45 -20 4.5 -5.6
BMED Future Health ETF 0.2 85 -60 1.1 -9.1
GNR SPDR S&P Global Natural Resources ETF 0.2 40 -15 8.0 -2.1
HAP VanEck Natural Resources ETF 0.2 50 -25 6.4 -3.7
EMIF iShares Emerging Markets Infrastructure ETF 0.2 60 -35 2.4 -7.8
GII SPDR S&P Global Infrastructure ETF 0.2 40 -15 4.0 -6.1
IGF iShares Global Infrastructure ETF 0.2 41 -16 4.0 -6.1
IQRA IQ CBRE Real Assets ETF 0.2 65 -40 5.5 -4.6
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.2 86 -61 0.1 -10.0
INQQ India Internet & Ecommerce ETF 0.2 86 -61 0.5 -9.6
AVDV Avantis International Small Cap Value ETF 0.2 36 -11 7.3 -2.8
FPAG FPA Global Equity ETF 0.2 49 -24 5.7 -4.5
IHAK iShares Cybersecurity & Tech ETF 0.2 47 -22 4.5 -5.7
BPAY BlackRock Future Financial and Technology ETF 0.2 70 -45 5.4 -4.7
AOTS AOT Software Platform ETF 0.2 49 -24 4.6 -5.5
DIVI Franklin International Core Dividend Tilt Index ETF 0.2 9 16 6.4 -3.8
AVIV Avantis International Large Cap Value ETF 0.2 25 0 6.6 -3.5
CVY Invesco Zacks Multi-Asset Income ETF 0.2 106 -81 9.8 -0.3
FEUZ First Trust Eurozone AlphaDEX ETF 0.2 80 -55 6.2 -3.9
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 -40 6.5 -3.6
VEGI iShares MSCI Agriculture Producers ETF 0.2 39 -14 7.2 -2.9
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.2 20 5 0.9 -9.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 5 5.6 -4.5
FTAG First Trust Indxx Global Agriculture ETF 0.2 70 -45 6.7 -3.4
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.2 46 -21 4.9 -5.2
DTAN Sparkline International Intangible Value ETF 0.2 55 -30 6.8 -3.3
AVDE Avantis International Equity ETF 0.1 23 2 5.9 -4.2
BKIE BNY Mellon International Equity ETF 0.1 4 21 5.7 -4.4
EPP iShares MSCI Pacific ex-Japan ETF 0.1 47 -22 4.7 -5.4
EWS iShares MSCI Singapore ETF 0.1 50 -25 4.1 -6.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.1 9 16 7.3 -2.9
IVAL Alpha Architect International Quantitative Value ETF 0.1 49 -24 7.2 -2.9
LVHI Franklin International Low Volatility High Dividend Index ET 0.1 40 -15 7.3 -2.8
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.1 80 -55 3.3 -6.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.1 29 -4 6.9 -3.3
VWID Virtus WMC International Dividend ETF 0.1 49 -24 7.0 -3.1
EFRA iShares Environmental Infrastructure and Industrials ETF 0.1 47 -22 4.5 -5.6
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.1 65 -40 3.9 -6.2
FENI Fidelity Enhanced International ETF 0.1 28 -3 5.5 -4.6
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 2 6.9 -3.3
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.1 61 -36 1.5 -8.7
IQSI IQ Candriam International Equity ETF 0.1 15 10 5.3 -4.8
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.1 61 -36 -0.7 -10.9
FEP First Trust Europe AlphaDEX Fund 0.1 80 -55 6.5 -3.6
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 -5 7.7 -2.4
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 -5 5.2 -4.9
OTGL OTG Latin America ETF 0.1 269 -244 6.8 -3.4
DIHP Dimensional International High Profitability ETF 0.1 29 -4 5.4 -4.8
APIE ActivePassive International Equity ETF 0.1 45 -20 6.1 -4.0
VGK Vanguard FTSE Europe ETF 0.1 6 19 6.2 -3.9
IPAC iShares Core MSCI Pacific ETF 0.1 9 16 5.3 -4.8
SPEU SPDR Portfolio Europe ETF 0.1 7 18 6.1 -4.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 -14 5.9 -4.3
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 16 5.9 -4.2
DIM WisdomTree International MidCap Dividend Fund 0.1 58 -33 5.9 -4.2
FLEE Franklin FTSE Europe ETF 0.1 9 16 6.0 -4.2
DFIC Dimensional International Core Equity 2 ETF 0.1 23 2 5.9 -4.2
DXIV Dimensional International Vector Equity ETF 0.1 34 -9 6.3 -3.9
SLX VanEck Steel ETF 0.1 56 -31 10.6 +0.4
DTH WisdomTree International High Dividend Fund 0.1 58 -33 7.0 -3.2
AVDS Avantis International Small Cap Equity ETF 0.1 30 -5 5.7 -4.4
DFIS Dimensional International Small Cap ETF 0.1 39 -14 5.8 -4.3
CTEC Global X CleanTech ETF 0.1 50 -25 -0.0 -10.2
SMOG VanEck Low Carbon Energy ETF 0.1 61 -36 1.2 -8.9
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 -15 5.9 -4.3
DFAI Dimensional International Core Equity Market ETF 0.0 18 7 5.7 -4.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 -14 6.6 -3.5
TINT ProShares Smart Materials ETF 0.0 58 -33 5.4 -4.8
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 -5 5.8 -4.4
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 1 5.3 -4.8
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.0 20 5 5.3 -4.8
IEFA iShares Core MSCI EAFE ETF 0.0 7 18 5.8 -4.3
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 21 5.8 -4.4
EFG iShares MSCI EAFE Growth ETF 0.0 36 -11 3.6 -6.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.0 36 -11 5.3 -4.9
EFA iShares MSCI EAFE ETF 0.0 35 -10 5.5 -4.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 14 4.2 -5.9
EFV iShares MSCI EAFE Value ETF 0.0 34 -9 7.2 -2.9
IMTM iShares MSCI Intl Momentum Factor ETF 0.0 30 -5 4.5 -5.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.0 58 -33 3.5 -6.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.0 25 0 5.9 -4.3
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 -5 5.0 -5.1
WSML iShares MSCI World Small-Cap ETF 0.0 15 10 5.3 -4.8
DWM WisdomTree International Equity Fund 0.0 48 -23 5.3 -4.8
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 16 4.5 -5.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 4 3.1 -7.1
TOK iShares MSCI Kokusai ETF 0.0 26 -1 4.4 -5.8
URTH iShares MSCI World ETF 0.0 24 1 4.4 -5.8
EBI Longview Advantage ETF 0.0 35 -10 6.0 -4.1
TUR iShares MSCI Turkey ETF 0.0 58 -33 11.7 +1.6

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:		 Fidelity Emerging Markets Multifactor ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.2 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 10.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.51 CATEGORY
AVERAGE		 1.52
 
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.