Fidelity Emerging Markets Multifactor ETF
ALTAR
Score™		 13.5% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 8.1x P/Sales
ratio		 0.9x
P/BV
ratio		 1.1x Div.
yield		 4.0%


  • 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) $148
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 209
Wgt avg mkt cap (mns) $138,761
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 7.8 %
TENCENT HOLDINGS LTD 5.8 %
ALIBABA GROUP HOLDING LTD. 2.7 %
SAMSUNG ELECTRONICS CO LTD 2.2 %
HDFC BANK LIMITED 1.3 %
THE UNITED LABORATORIES INTE 1.2 %
DIVI'S LABORATORIES LTD 1.2 %
KIMBERLY-CLARK DE MEXICO-A 1.2 %
IHH HEALTHCARE BHD 1.2 %
VALE SA 1.2 %
Total 25.8 %

TOP COUNTRY EXPOSURE
CHINA 24.6 %
TAIWAN 16.7 %
INDIA 15.1 %
SOUTH KOREA 9.8 %
HONG KONG 4.8 %
INDONESIA 4.5 %
BRAZIL 4.1 %
SAUDI ARABIA 3.9 %
TURKEY 3.4 %
MALAYSIA 3.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.3% 6.3% 5.0% -- 3.4%

Market Correlations
versus... Beta R-squared
S&P500 0.58 47%
MSCI EAFE 0.69 69%
MSCI Emg. Mkts. 0.79 90%

Technical Indicators
Recent close $25.51
30d moving avg. $25.75
Annualized volatility 14.5%
Short interest (ETF) 1.1%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 62
Turnover 1.1%
Bid/Ask (% of price) 0.75%
ADV underlying (mns) $7,084

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 418 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™: 13.5%


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
(%)
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 41.7 45 -20 11.0 -2.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 41.3 30 -5 10.6 -3.0
EEMA iShares MSCI Emerging Markets Asia ETF 40.6 49 -24 10.7 -2.8
EEM iShares MSCI Emerging Markets ETF 40.5 69 -44 10.7 -2.8
JHEM John Hancock Multifactor Emerging Markets ETF 40.3 49 -24 10.5 -3.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 40.3 66 -41 10.2 -3.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 40.0 15 10 10.8 -2.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 39.7 70 -45 9.8 -3.7
BKEM BNY Mellon Emerging Markets Equity ETF 39.7 11 14 11.8 -1.7
EMGF iShares Emerging Markets Equity Factor ETF 39.5 25 0 12.4 -1.1
ECON Columbia Emerging Markets Consumer ETF 39.1 49 -24 12.9 -0.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 39.0 36 -11 11.2 -2.3
FLAX Franklin FTSE Asia Ex Japan ETF 39.0 19 6 10.8 -2.7
ESGE iShares ESG Aware MSCI EM ETF 38.7 25 0 10.7 -2.9
IEMG iShares Core MSCI Emerging Markets ETF 37.2 9 16 10.9 -2.6
SCHE Schwab Emerging Markets Equity ETF 36.0 11 14 11.6 -2.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 36.0 15 10 8.6 -4.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 35.8 33 -8 10.6 -2.9
VWO Vanguard FTSE Emerging Markets ETF 35.2 8 17 10.9 -2.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 35.1 40 -15 5.6 -8.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 34.3 32 -7 9.6 -3.9
DFAE Dimensional Emerging Core Equity Market ETF 34.3 35 -10 10.2 -3.4
PXH Invesco FTSE RAFI Emerging Markets ETF 34.0 49 -24 16.7 +3.1
SPEM SPDR Portfolio Emerging Markets ETF 33.0 7 18 10.9 -2.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 32.2 30 -5 9.3 -4.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 32.2 39 -14 16.9 +3.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 31.7 20 5 11.3 -2.2
EMXC iShares MSCI Emerging Markets ex China ETF 29.6 25 0 8.0 -5.6
DEHP Dimensional Emerging Markets High Profitability ETF 29.4 41 -16 6.5 -7.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 29.3 24 1 8.3 -5.2
STXE Strive Emerging Markets Ex-China ETF 29.0 32 -7 8.2 -5.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 29.0 38 -13 9.9 -3.6
GMF SPDR S&P Emerging Asia Pacific ETF 29.0 49 -24 10.0 -3.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 28.9 95 -70 13.1 -0.4
AIA iShares Asia 50 ETF 28.5 50 -25 14.7 +1.2
LDEM iShares ESG MSCI EM Leaders ETF 28.3 17 8 12.9 -0.7
ROAM Hartford Multifactor Emerging Markets ETF 28.3 44 -19 11.3 -2.2
BKF iShares MSCI BIC ETF 27.6 69 -44 13.0 -0.5
XC WisdomTree Emerging Markets Ex-China Fund 27.4 32 -7 5.5 -8.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 26.9 59 -34 13.7 +0.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 26.6 41 -16 9.4 -4.2
MEM Matthews Emerging Markets Equity Active ETF 26.3 79 -54 8.5 -5.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 26.0 32 -7 7.0 -6.5
XCEM Columbia EM Core ex-China ETF 25.6 16 9 8.5 -5.1
XCNY SPDR S&P Emerging Markets ex-China ETF 25.0 15 10 0.0 -13.5
EMMF WisdomTree Emerging Markets Multifactor Fund 25.0 48 -23 7.8 -5.8
NUEM Nuveen ESG Emerging Markets Equity ETF 25.0 36 -11 8.1 -5.4
EMXF iShares ESG Advanced MSCI EM ETF 24.9 16 9 8.4 -5.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 24.2 50 -25 11.6 -2.0
MINV Matthews Asia Innovators Active ETF 24.1 79 -54 7.7 -5.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 23.9 44 -19 11.0 -2.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 23.6 35 -10 21.6 +8.0
EMDM First Trust Bloomberg Emerging Market Democracies ETF 23.4 75 -50 10.3 -3.3
EEMO Invesco S&P Emerging Markets Momentum ETF 22.3 29 -4 6.2 -7.3
RNEM First Trust Emerging Markets Equity Select ETF 22.2 75 -50 1.0 -12.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 21.6 25 0 6.5 -7.1
AVEM Avantis Emerging Markets Equity ETF 21.4 33 -8 9.7 -3.9
MCHI iShares MSCI China ETF 20.4 59 -34 17.8 +4.3
GXC SPDR S&P China ETF 20.4 59 -34 16.7 +3.2
PATN Pacer Nasdaq International Patent Leaders ETF 20.0 65 -40 4.0 -9.5
KALL KraneShares MSCI All China Index ETF 19.9 49 -24 15.3 +1.7
FLCH Franklin FTSE China ETF 19.8 19 6 17.2 +3.7
FXI iShares China Large-Cap ETF 19.0 74 -49 18.1 +4.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 18.7 45 -20 11.1 -2.5
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 18.5 88 -63 10.3 -3.2
DFEV Dimensional Emerging Markets Value ETF 18.4 43 -18 14.5 +0.9
FEM First Trust Emerging Markets AlphaDEX Fund 17.7 80 -55 13.8 +0.3
FTHF First Trust Emerging Markets Human Flourishing ETF 16.9 75 -50 9.8 -3.7
DEM WisdomTree Emerging Markets High Dividend Fund 15.0 63 -38 13.6 +0.1
FLTW Franklin FTSE Taiwan ETF 14.9 19 6 7.0 -6.5
MCH Matthews China Active ETF 14.6 79 -54 15.3 +1.8
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 14.5 60 -35 13.3 -0.3
EWT iShares MSCI Taiwan ETF 14.4 58 -33 6.8 -6.7
EMC Global X Emerging Markets Great Consumer ETF 14.4 75 -50 8.5 -5.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 14.1 29 -4 8.7 -4.8
CXSE WisdomTree China ex-State-Owned Enterprises Fund 13.5 32 -7 17.8 +4.2
JCHI JPMorgan Active China ETF 13.2 65 -40 16.8 +3.3
AVES Avantis Emerging Markets Value ETF 12.9 36 -11 12.2 -1.3
KWEB KraneShares CSI China Internet ETF 12.8 69 -44 25.8 +12.3
ACWX iShares MSCI ACWI ex U.S. ETF 12.7 34 -9 8.1 -5.4
CHAT Roundhill Generative AI & Technology ETF 12.7 75 -50 14.8 +1.3
RODE Hartford Multifactor Diversified International ETF 12.7 29 -4 9.9 -3.6
KTEC KraneShares Hang Seng TECH Index ETF 12.4 69 -44 19.6 +6.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 12.3 86 -61 13.7 +0.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 12.2 18 7 8.1 -5.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.1 41 -16 7.1 -6.4
TCHI iShares MSCI China Multisector Tech ETF 11.9 59 -34 22.4 +8.8
DVYE iShares Emerging Markets Dividend ETF 11.7 49 -24 18.9 +5.4
VEU Vanguard FTSE All-World ex-US Index Fund 11.7 8 17 8.5 -5.1
FLIN Franklin FTSE India ETF 11.7 19 6 3.9 -9.6
VSGX Vanguard ESG International Stock ETF 11.7 12 13 8.2 -5.4
FDNI First Trust Dow Jones International Internet ETF 11.7 65 -40 19.5 +5.9
KNCT Invesco Next Gen Connectivity ETF 11.6 40 -15 5.1 -8.5
JIG JPMorgan International Growth ETF 11.5 55 -30 4.8 -8.7
IXUS iShares Core MSCI Total International Stock ETF 11.2 7 18 8.3 -5.2
INDA iShares MSCI India ETF 11.2 65 -40 4.3 -9.2
VXUS Vanguard Total International Stock ETF 10.9 7 18 8.3 -5.2
FRDM Freedom 100 Emerging Markets ETF 10.7 49 -24 9.1 -4.4
WRND IQ Global Equity R&D Leaders ETF 10.6 18 7 7.9 -5.7
IQDF FlexShares International Quality Dividend Index Fund 10.5 47 -22 9.5 -4.0
EPI WisdomTree India Earnings Fund 10.5 85 -60 4.7 -8.8
NFTY First Trust India NIFTY 50 Equal Weight ETF 10.4 80 -55 4.8 -8.7
PIN Invesco India ETF 10.3 78 -53 4.3 -9.3
INDY iShares India 50 ETF 10.2 89 -64 4.6 -8.9
EDIV SPDR S&P Emerging Markets Dividend ETF 10.2 49 -24 11.6 -1.9
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 10.1 90 -65 8.4 -5.1
IVES Wedbush ETFMG Global Cloud Technology ETF 9.6 68 -43 9.3 -4.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 9.6 47 -22 9.0 -4.6
AIVC Amplify Bloomberg AI Value Chain ETF 9.5 59 -34 8.6 -4.9
VIDI Vident International Equity Strategy ETF 9.4 61 -36 12.0 -1.5
METV Roundhill Ball Metaverse ETF 9.3 59 -34 8.2 -5.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 9.1 67 -42 13.3 -0.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 8.7 70 -45 15.8 +2.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 8.6 42 -17 6.8 -6.8
EYLD Cambria Emerging Shareholder Yield ETF 8.3 66 -41 13.1 -0.4
CWI SPDR MSCI ACWI ex-US ETF 8.1 30 -5 8.2 -5.3
FCA First Trust China AlphaDEX Fund 8.1 80 -55 11.3 -2.2
FMET Fidelity Metaverse ETF 7.8 39 -14 5.1 -8.4
CGRO CoreValues Alpha Greater China Growth ETF 7.8 75 -50 4.0 -9.6
CQQQ Invesco China Technology ETF 7.8 70 -45 18.3 +4.8
ACWV iShares MSCI Global Min Vol Factor ETF 7.7 20 5 5.9 -7.7
DSTX Distillate International Fundamental Stability & Value ETF 7.6 55 -30 8.4 -5.1
IXN iShares Global Tech ETF 7.6 41 -16 4.5 -9.0
FLKR Franklin FTSE South Korea ETF 7.6 9 16 11.2 -2.3
AIQ Global X Artificial Intelligence & Technology ETF 7.5 68 -43 4.7 -8.9
MOTI VanEck Morningstar International Moat ETF 7.4 58 -33 12.8 -0.7
IXP iShares Global Comm Services ETF 7.3 42 -17 6.7 -6.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 7.3 30 -5 8.6 -4.9
VYMI Vanguard International High Dividend Yield ETF 7.2 22 3 10.0 -3.5
ANEW ProShares MSCI Transformational Changes ETF 7.0 45 -20 7.0 -6.5
EWY iShares MSCI South Korea ETF 7.0 58 -33 10.5 -3.0
MOTG VanEck Morningstar Global Wide Moat ETF 6.8 52 -27 6.7 -6.8
ESPO VanEck Video Gaming and eSports ETF 6.7 56 -31 4.8 -8.8
ODDS Pacer BlueStar Digital Entertainment ETF 6.7 60 -35 4.9 -8.6
FBOT Fidelity Disruptive Automation ETF 6.7 50 -25 4.0 -9.6
BNGE First Trust S-Network Streaming and Gaming ETF 6.7 70 -45 3.6 -9.9
NXTG First Trust Indxx NextG ETF 6.4 70 -45 5.8 -7.7
IWTR iShares MSCI Water Management Multisector ETF 6.3 47 -22 6.5 -7.1
GLIN VanEck India Growth Leaders ETF 6.2 77 -52 6.4 -7.2
CHIQ Global X MSCI China Consumer Discretionary ETF 6.1 65 -40 13.7 +0.2
FLLA Franklin FTSE Latin America ETF 6.1 19 6 13.5 -0.0
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 6.0 75 -50 5.9 -7.6
SOCL Global X Social Media ETF 5.8 65 -40 12.9 -0.6
IBLC iShares Blockchain and Tech ETF 5.8 47 -22 -4.1 -17.6
IVRS iShares Future Metaverse Tech and Communications ETF 5.8 47 -22 2.8 -10.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 5.5 60 -35 8.0 -5.6
GVAL Cambria Global Value ETF 5.4 68 -43 11.3 -2.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 5.4 60 -35 11.0 -2.5
EMM Global X Emerging Markets ex-China ETF 5.2 75 -50 5.0 -8.5
XT iShares Exponential Technologies ETF 5.1 46 -21 5.5 -8.0
CGXU Capital Group International Focus Equity ETF 5.1 54 -29 5.9 -7.7
RXI iShares Global Consumer Discretionary ETF 5.1 41 -16 9.2 -4.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.0 80 -55 9.7 -3.8
ARVR First Trust Indxx Metaverse ETF 5.0 70 -45 5.9 -7.6
SCHY Schwab International Dividend Equity ETF 4.8 14 11 9.8 -3.7
AGQI First Trust Active Global Quality Income ETF 4.8 85 -60 6.6 -6.9
KLMT Invesco MSCI Global Climate 500 ETF 4.7 10 15 6.1 -7.5
IPKW Invesco International BuyBack Achievers ETF 4.7 55 -30 15.3 +1.8
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.6 65 -40 8.6 -5.0
DEW WisdomTree Global High Dividend Fund 4.6 58 -33 7.7 -5.8
ACWI iShares MSCI ACWI ETF 4.6 32 -7 6.0 -7.6
FLN First Trust Latin America AlphaDEX Fund 4.5 80 -55 10.6 -3.0
FLBR Franklin FTSE Brazil ETF 4.5 19 6 15.3 +1.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.4 20 5 6.0 -7.5
CLNR IQ Cleaner Transport ETF 4.4 45 -20 7.3 -6.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 4.4 58 -33 10.1 -3.4
EIDO iShares MSCI Indonesia ETF 4.3 59 -34 8.5 -5.1
VPL Vanguard FTSE Pacific ETF 4.2 8 17 7.7 -5.9
FBZ First Trust Brazil AlphaDEX Fund 4.1 80 -55 13.4 -0.1
GTEK Goldman Sachs Future Tech Leaders Equity ETF 4.1 75 -50 3.5 -10.0
VT Vanguard Total World Stock ETF 4.1 7 18 6.3 -7.2
WWJD Inspire International ETF 4.1 80 -55 7.6 -6.0
IDX VanEck Indonesia Index ETF 4.0 57 -32 8.4 -5.2
SDIV Global X Superdividend ETF 3.9 58 -33 13.9 +0.4
DGT SPDR Global Dow ETF 3.9 50 -25 7.5 -6.1
GLOF iShares Global Equity Factor ETF 3.7 20 5 6.8 -6.7
EWZ iShares MSCI Brazil ETF 3.7 58 -33 13.7 +0.1
CARZ First Trust NASDAQ Global Auto Index Fund 3.7 70 -45 6.0 -7.5
FLSA Franklin FTSE Saudi Arabia ETF 3.6 39 -14 5.9 -7.6
JPIN J.P. Morgan Diversified Return International Equity ETF 3.6 37 -12 8.9 -4.6
UMMA Wahed Dow Jones Islamic World ETF 3.5 65 -40 5.3 -8.3
KSA iShares MSCI Saudi Arabia ETF 3.5 74 -49 5.7 -7.8
ASEA Global X FTSE Southeast Asia ETF 3.5 65 -40 6.9 -6.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.5 12 13 5.1 -8.4
IMFL Invesco International Developed Dynamic Multifactor ETF 3.4 34 -9 6.2 -7.3
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 3.4 61 -36 1.4 -12.1
JSTC Adasina Social Justice All Cap Global ETF 3.3 89 -64 4.5 -9.0
TUR iShares MSCI Turkey ETF 3.2 58 -33 19.2 +5.6
INDF Nifty India Financials ETF 3.2 75 -50 6.6 -7.0
INCO Columbia India Consumer ETF 3.2 75 -50 1.8 -11.8
IGRO iShares International Dividend Growth ETF 3.1 15 10 7.3 -6.2
OAIM OneAscent International Equity ETF 3.1 95 -70 6.2 -7.4
EWM iShares MSCI Malaysia ETF 3.1 50 -25 6.6 -7.0
COPY Tweedy, Browne Insider + Value ETF 3.0 80 -55 12.6 -0.9
WTAI WisdomTree Artificial Intelligence and Innovation Fund 3.0 45 -20 3.5 -10.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 3.0 70 -45 7.8 -5.7
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.0 78 -53 9.6 -3.9
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.0 46 -21 10.4 -3.1
FILL iShares MSCI Global Energy Producers ETF 2.9 39 -14 11.4 -2.1
GGME Invesco Next Gen Media and Gaming ETF 2.9 60 -35 5.0 -8.6
DTCR Global X Data Center & Digital Infrastructure ETF 2.9 50 -25 1.7 -11.8
SATO Invesco Alerian Galaxy Crypto Economy ETF 2.8 61 -36 -1.1 -14.6
FNDF Schwab Fundamental International Large Co. Index ETF 2.8 25 0 10.1 -3.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.7 65 -40 12.2 -1.4
GSIB Themes Global Systemically Important Banks ETF 2.7 35 -10 12.4 -1.2
VIGI Vanguard International Dividend Appreciation ETF 2.6 15 10 6.2 -7.3
NDIA Global X India Active ETF 2.6 75 -50 4.7 -8.8
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 2.4 80 -55 13.6 +0.1
UIVM VictoryShares International Value Momentum ETF 2.4 35 -10 9.5 -4.1
IBUY Amplify Online Retail ETF 2.3 65 -40 3.7 -9.9
BLES Inspire Global Hope ETF 2.3 61 -36 6.8 -6.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.2 9 16 6.1 -7.5
FGD First Trust Dow Jones Global Select Dividend Index Fund 2.2 56 -31 12.6 -0.9
DINT Davis Select International ETF 2.2 55 -30 8.3 -5.2
DWLD Davis Select Worldwide ETF 2.2 63 -38 7.8 -5.7
FDTX Fidelity Disruptive Technology ETF 2.2 50 -25 3.0 -10.5
IOO iShares Global 100 ETF 2.1 41 -16 5.4 -8.2
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.1 65 -40 3.5 -10.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.0 24 1 6.4 -7.1
DGIN VanEck Digital India ETF 2.0 71 -46 1.9 -11.6
HFXI IQ FTSE International Equity Currency Neutral ETF 2.0 20 5 7.4 -6.1
SDG iShares MSCI Global Sustainable Development Goals ETF 2.0 49 -24 6.0 -7.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.9 80 -55 10.0 -3.5
JGLO JPMorgan Global Select Equity ETF 1.8 33 -8 5.1 -8.4
PICK iShares MSCI Global Metals & Mining Producers ETF 1.8 39 -14 14.1 +0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.8 45 -20 9.3 -4.2
FDCF Fidelity Disruptive Communications ETF 1.8 50 -25 3.3 -10.2
FID First Trust S&P International Dividend Aristocrats ETF 1.7 60 -35 9.1 -4.5
WDIV SPDR S&P Global Dividend ETF 1.7 40 -15 9.6 -3.9
DWX SPDR S&P International Dividend ETF 1.7 45 -20 6.6 -7.0
OBOR KraneShares MSCI One Belt One Road Index ETF 1.7 79 -54 7.7 -5.8
IPAV Global X Infrastructure Development ex-U.S. ETF 1.7 55 -30 4.5 -9.1
OND ProShares On-Demand ETF 1.7 58 -33 1.5 -12.0
VEGI iShares MSCI Agriculture Producers ETF 1.7 39 -14 8.8 -4.8
IXG iShares Global Financials ETF 1.6 42 -17 7.2 -6.3
BATT Amplify Lithium & Battery Technology ETF 1.6 59 -34 3.8 -9.7
ARTY iShares Future AI & Tech ETF 1.6 47 -22 4.1 -9.5
EWW iShares MSCI Mexico ETF 1.6 50 -25 9.6 -3.9
SCHF Schwab International Equity ETF 1.6 6 19 7.7 -5.8
RGEF Rockefeller Global Equity ETF 1.6 55 -30 5.2 -8.3
VEA Vanguard FTSE Developed Markets ETF 1.5 5 20 7.6 -6.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.5 80 -55 11.8 -1.8
KOCG FIS Knights of Columbus Global Belief ETF 1.5 75 -50 5.4 -8.2
TTAI FCF International Quality ETF 1.5 59 -34 6.9 -6.6
IGPT Invesco AI and Next Gen Software ETF 1.5 60 -35 4.9 -8.6
PGJ Invesco Golden Dragon China ETF 1.5 70 -45 13.9 +0.4
BWEB Bitwise Web3 ETF 1.4 85 -60 0.1 -13.4
AIS VistaShares Artificial Intelligence Supercycle ETF 1.4 75 -50 4.6 -8.9
GCOW Pacer Global Cash Cows Dividend ETF 1.4 60 -35 10.9 -2.6
FLHK Franklin FTSE Hong Kong ETF 1.3 9 16 6.8 -6.7
BUYZ Franklin Disruptive Commerce ETF 1.3 50 -25 2.6 -11.0
AFK VanEck Africa Index ETF 1.3 98 -73 12.6 -0.9
ECH iShares MSCI Chile ETF 1.3 58 -33 9.3 -4.2
ILF iShares Latin America 40 ETF 1.3 48 -23 13.5 -0.0
FLMX Franklin FTSE Mexico ETF 1.3 19 6 9.9 -3.7
IDAT iShares Future Cloud 5G and Tech ETF 1.3 47 -22 4.8 -8.8
OZEM Roundhill GLP-1 & Weight Loss ETF 1.2 59 -34 1.1 -12.4
GINN Goldman Sachs Innovate Equity ETF 1.2 52 -27 4.4 -9.2
GXG Global X MSCI Colombia ETF 1.2 62 -37 18.8 +5.3
ICOP iShares Copper and Metals Mining ETF 1.2 47 -22 10.0 -3.6
WUGI AXS Esoterica NextG Economy ETF 1.2 75 -50 2.9 -10.6
IDHQ Invesco S&P International Developed High Quality ETF 1.2 29 -4 6.7 -6.9
CGV Conductor Global Equity Value ETF 1.2 130 -105 9.2 -4.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.1 49 -24 7.3 -6.2
MOTO SmartETFs Smart Transportation & Technology ETF 1.1 68 -43 7.8 -5.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.1 7 18 7.0 -6.5
CCNR ALPS CoreCommodity Natural Resources ETF 1.1 39 -14 11.0 -2.5
CGIE Capital Group International Equity ETF 1.1 54 -29 5.1 -8.4
COPX Global X Copper Miners ETF 1.0 65 -40 8.9 -4.7
AGMI Themes Silver Miners ETF 1.0 35 -10 3.1 -10.5
FPXI First Trust International Equity Opportunities ETF 1.0 70 -45 3.9 -9.7
IDV iShares International Select Dividend ETF 1.0 51 -26 11.6 -1.9
ROBO ROBO Global Robotics & Automation Index ETF 1.0 95 -70 4.0 -9.6
QTUM Defiance Quantum ETF 1.0 40 -15 7.7 -5.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.0 47 -22 5.7 -7.9
FTRI First Trust Indxx Global Natural Resources Income ETF 0.9 70 -45 8.6 -4.9
HERO Global X Video Games & Esports ETF 0.9 50 -25 4.6 -8.9
QAT iShares MSCI Qatar ETF 0.9 59 -34 40.5 +27.0
IDRV iShares Self-driving EV & Tech ETF 0.9 47 -22 2.5 -11.0
SMIN iShares MSCI India Small Cap ETF 0.8 79 -54 3.3 -10.2
OGIG ALPS O'Shares Global Internet Giants ETF 0.8 48 -23 1.9 -11.6
KURE KraneShares MSCI All China Health Care Index ETF 0.8 65 -40 3.2 -10.4
EWH iShares MSCI Hong Kong ETF 0.8 50 -25 6.1 -7.5
FYLD Cambria Foreign Shareholder Yield ETF 0.8 59 -34 12.5 -1.1
JHID John Hancock International High Dividend ETF 0.8 46 -21 10.3 -3.2
SNSR Global X Internet of Things ETF 0.8 68 -43 5.0 -8.5
LOUP Innovator Deepwater Frontier Tech ETF 0.8 70 -45 1.8 -11.8
GREK Global X MSCI Greece ETF 0.8 57 -32 11.7 -1.8
BINV Brandes International ETF 0.8 70 -45 9.5 -4.0
FCLD Fidelity Cloud Computing ETF 0.7 39 -14 3.0 -10.6
SMOG VanEck Low Carbon Energy ETF 0.7 61 -36 1.5 -12.0
SPDW SPDR Portfolio Developed World ex-US ETF 0.7 3 22 7.5 -6.0
INTF iShares International Equity Factor ETF 0.7 15 10 8.1 -5.4
CRAK VanEck Oil Refiners ETF 0.7 61 -36 15.4 +1.9
FTAG First Trust Indxx Global Agriculture ETF 0.7 70 -45 8.1 -5.4
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.6 46 -21 4.9 -8.6
ERTH Invesco MSCI Sustainable Future ETF 0.6 62 -37 2.5 -11.1
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.6 39 -14 -1.1 -14.6
KGRN KraneShares MSCI China Clean Technology Index ETF 0.6 79 -54 3.8 -9.7
LIT Global X Lithium & Battery Tech ETF 0.6 75 -50 5.9 -7.6
TEMP JPMorgan Climate Change Solutions ETF 0.6 49 -24 5.9 -7.7
IXC iShares Global Energy ETF 0.6 44 -19 9.8 -3.7
EZA iShares MSCI South Africa ETF 0.6 58 -33 10.9 -2.6
FENI Fidelity Enhanced International ETF 0.6 28 -3 7.0 -6.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.6 65 -40 8.1 -5.5
CIL VictoryShares International Volatility Wtd ETF 0.6 45 -20 7.0 -6.6
DTAN Sparkline International Intangible Value ETF 0.5 55 -30 7.2 -6.3
DRIV Global X Autonomous & Electric Vehicles ETF 0.5 68 -43 6.8 -6.7
OSEA Harbor International Compounders ETF 0.5 55 -30 4.7 -8.8
FFLC Fidelity Fundamental Large Cap Core ETF 0.5 38 -13 4.9 -8.6
ECNS iShares MSCI China Small-Cap ETF 0.5 59 -34 10.8 -2.7
TPIF Timothy Plan International ETF 0.5 62 -37 6.5 -7.0
EPP iShares MSCI Pacific ex-Japan ETF 0.5 47 -22 5.7 -7.8
HART IQ Healthy Hearts ETF 0.5 45 -20 6.6 -6.9
OCEN IQ Clean Oceans ETF 0.5 45 -20 5.7 -7.8
SRVR Pacer Data & Infrastructure Real Estate ETF 0.5 55 -30 1.1 -12.4
WTRE WisdomTree New Economy Real Estate Fund 0.5 58 -33 9.6 -4.0
ISHP First Trust Nasdaq Retail ETF 0.5 60 -35 5.5 -8.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 -14 6.3 -7.2
UAE iShares MSCI UAE ETF 0.5 59 -34 9.0 -4.5
CGDG Capital Group Dividend Growers ETF 0.4 47 -22 6.3 -7.2
NERD Roundhill Video Games ETF 0.4 50 -25 3.9 -9.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.4 29 -4 8.2 -5.3
AADR AdvisorShares Dorsey Wright ADR ETF 0.4 110 -85 5.1 -8.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.4 58 -33 5.5 -8.0
AVDV Avantis International Small Cap Value ETF 0.4 36 -11 10.9 -2.6
SHPP Pacer Industrials and Logistics ETF 0.4 60 -35 5.1 -8.4
THNR Amplify Weight Loss Drug & Treatment ETF 0.4 59 -34 5.8 -7.7
EPU iShares MSCI Peru and Global Exposure ETF 0.4 59 -34 7.7 -5.8
BETZ Roundhill Sports Betting & iGaming ETF 0.4 75 -50 2.1 -11.5
BJK VanEck Gaming ETF 0.4 65 -40 3.9 -9.6
DLS WisdomTree International SmallCap Dividend Fund 0.4 58 -33 8.9 -4.6
RFEU First Trust Riverfront Dynamic Europe ETF 0.4 83 -58 10.0 -3.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.4 32 -7 6.1 -7.4
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.4 86 -61 0.4 -13.2
INQQ India Internet & Ecommerce ETF 0.4 86 -61 1.1 -12.4
RFDI First Trust Riverfront Dynamic Developed International ETF 0.4 83 -58 10.0 -3.5
CVY Invesco Zacks Multi-Asset Income ETF 0.4 106 -81 10.9 -2.6
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.3 19 6 6.3 -7.2
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.3 72 -47 -1.2 -14.7
CGGR Capital Group Growth ETF 0.3 39 -14 3.7 -9.9
DIM WisdomTree International MidCap Dividend Fund 0.3 58 -33 7.7 -5.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.3 25 0 7.5 -6.0
AVIV Avantis International Large Cap Value ETF 0.3 25 0 9.3 -4.3
THD iShares MSCI Thailand ETF 0.3 58 -33 5.1 -8.4
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.3 4 21 6.1 -7.4
EATZ AdvisorShares Restaurant ETF 0.3 101 -76 5.7 -7.8
GSFP Goldman Sachs Future Planet Equity ETF 0.3 75 -50 4.8 -8.7
JOET Virtus Terranova US Quality Momentum ETF 0.3 29 -4 5.0 -8.5
PBD Invesco Global Clean Energy ETF 0.3 75 -50 0.4 -13.1
PKW Invesco Buyback Achievers ETF 0.3 62 -37 8.0 -5.6
TMFG Motley Fool Global Opportunities ETF 0.3 85 -60 3.5 -10.0
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.3 15 10 5.8 -7.7
IBAT iShares Energy Storage & Materials ETF 0.3 47 -22 5.3 -8.2
LYLD Cambria Large Cap Shareholder Yield ETF 0.3 59 -34 9.8 -3.7
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 0.3 65 -40 5.0 -8.6
FDLS Inspire Fidelis Multi Factor ETF 0.3 76 -51 5.8 -7.8
DTH WisdomTree International High Dividend Fund 0.3 58 -33 9.1 -4.5
DIHP Dimensional International High Profitability ETF 0.3 29 -4 7.4 -6.1
IVLU iShares MSCI Intl Value Factor ETF 0.2 30 -5 11.1 -2.4
AVDE Avantis International Equity ETF 0.2 23 2 8.0 -5.6
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.2 50 -25 6.5 -7.0
EPOL iShares MSCI Poland ETF 0.2 59 -34 11.6 -2.0
FPAG FPA Global Equity ETF 0.2 49 -24 6.3 -7.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.2 9 16 9.2 -4.4
DFIV Dimensional International Value ETF 0.2 27 -2 10.4 -3.2
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 2 8.6 -4.9
IPAC iShares Core MSCI Pacific ETF 0.2 9 16 7.1 -6.4
EMIF iShares Emerging Markets Infrastructure ETF 0.2 60 -35 7.9 -5.6
GII SPDR S&P Global Infrastructure ETF 0.2 40 -15 4.9 -8.6
IGF iShares Global Infrastructure ETF 0.2 41 -16 4.9 -8.6
IQRA IQ CBRE Real Assets ETF 0.2 65 -40 2.7 -10.9
APIE ActivePassive International Equity ETF 0.2 45 -20 7.7 -5.9
LVHI Franklin International Low Volatility High Dividend Index ET 0.2 40 -15 11.0 -2.5
SCHC Schwab International Small-Cap Equity ETF 0.2 11 14 7.1 -6.4
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.2 80 -55 4.9 -8.6
IQSI IQ Candriam International Equity ETF 0.2 15 10 6.7 -6.9
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.2 45 -20 0.0 -13.5
IHAK iShares Cybersecurity & Tech ETF 0.2 47 -22 3.8 -9.8
DFIC Dimensional International Core Equity 2 ETF 0.1 23 2 7.9 -5.6
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 -5 5.6 -7.9
EWS iShares MSCI Singapore ETF 0.1 50 -25 5.2 -8.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 5 7.1 -6.4
IVAL Alpha Architect International Quantitative Value ETF 0.1 49 -24 10.6 -2.9
EFRA iShares Environmental Infrastructure and Industrials ETF 0.1 47 -22 4.4 -9.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 -14 8.3 -5.2
BKIE BNY Mellon International Equity ETF 0.1 4 21 7.3 -6.2
DWMF WisdomTree International Multifactor Fund 0.1 38 -13 6.9 -6.6
DWM WisdomTree International Equity Fund 0.1 48 -23 7.7 -5.8
DFAI Dimensional International Core Equity Market ETF 0.1 18 7 7.6 -6.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 -14 7.0 -6.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 -15 7.5 -6.0
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.1 30 -5 7.3 -6.3
CTEC Global X CleanTech ETF 0.1 50 -25 2.2 -11.3
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 13 5.8 -7.8
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 -5 6.3 -7.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.1 20 5 6.6 -6.9
DFIS Dimensional International Small Cap ETF 0.1 39 -14 7.9 -5.7
IEFA iShares Core MSCI EAFE ETF 0.1 7 18 7.4 -6.2
EFV iShares MSCI EAFE Value ETF 0.1 34 -9 9.4 -4.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 -15 7.4 -6.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 -11 6.9 -6.6
EFA iShares MSCI EAFE ETF 0.1 35 -10 7.0 -6.5
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.1 22 3 5.8 -7.7
EFG iShares MSCI EAFE Growth ETF 0.1 36 -11 4.5 -9.0
IDEV iShares Core MSCI International Developed Markets ETF 0.1 4 21 7.4 -6.2
PNQI Invesco NASDAQ Internet ETF 0.1 60 -35 3.8 -9.7
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 -10 4.6 -8.9
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 1 6.6 -6.9
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 14 5.2 -8.3
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 -5 5.9 -7.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 16 5.5 -8.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 4 4.3 -9.3
AVSD Avantis Responsible International Equity ETF 0.0 23 2 6.8 -6.7
TOK iShares MSCI Kokusai ETF 0.0 26 -1 5.2 -8.4
URTH iShares MSCI World ETF 0.0 24 1 5.5 -8.0
SPEU SPDR Portfolio Europe ETF 0.0 7 18 7.5 -6.1
VGK Vanguard FTSE Europe ETF 0.0 11 14 7.5 -6.0

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.1 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 13.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.52 CATEGORY
AVERAGE		 1.50
 
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.