Fidelity Emerging Markets Multifactor ETF
ALTAR
Score™		 11.9% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 8.7x P/Sales
ratio		 0.7x
P/BV
ratio		 1.1x Div.
yield		 4.3%


  • 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) $58
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 244
Wgt avg mkt cap (mns) $54,198
Large cap (>$10bn) 50.9%
Mid cap ($2-10bn) 46.3%
Small cap (<$2bn) 2.4%
Developed mkts 6.6%
Emerging mkts 93.4%

TOP TEN HOLDINGS
SAMSUNG ELECTRONICS CO LTD 3.5 %
TENCENT HOLDINGS LTD 3.4 %
LONGFOR PROPERTIES 1.8 %
EMAAR PROPERTIES PJSC 1.8 %
TF ADMINISTRADORA INDUSTRIAL 1.6 %
YUHAN CORPORATION 1.6 %
CHINA VANKE CO LTD-H 1.5 %
DR. REDDY'S LABORATORIES 1.4 %
ALIBABA GROUP HOLDING LTD. 1.4 %
SINOPHARM GROUP CO-H 1.3 %
Total 19.3 %

TOP COUNTRY EXPOSURE
CHINA 21.9 %
INDIA 16.3 %
TAIWAN 15.2 %
SOUTH KOREA 11.8 %
TURKEY 4.6 %
MEXICO 4.4 %
INDONESIA 4.3 %
HONG KONG 3.2 %
SAUDI ARABIA 3.1 %
BRAZIL 2.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
3.8% 19.8% -- -- 3.7%

Market Correlations
versus... Beta R-squared
S&P500 0.55 44%
MSCI EAFE 0.71 68%
MSCI Emg. Mkts. 0.79 90%

Technical Indicators
Recent close $24.48
30d moving avg. $22.90
Annualized volatility 14.6%
Short interest (ETF) 4.7%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 19
Turnover 0.8%
Bid/Ask (% of price) 0.75%
ADV underlying (mns) $10,793

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 409 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™: 11.9%


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
(%)
ROAM Hartford Multifactor Emerging Markets ETF 32.5 44 -19 11.7 -0.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 31.1 45 -20 8.6 -3.4
JHEM John Hancock Multifactor Emerging Markets ETF 31.0 49 -24 8.3 -3.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 30.0 30 -5 7.5 -4.4
EMGF iShares Emerging Markets Equity Factor ETF 29.6 25 0 8.7 -3.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 29.2 66 -41 7.2 -4.7
EEM iShares MSCI Emerging Markets ETF 29.1 69 -44 7.0 -5.0
BKEM BNY Mellon Emerging Markets Equity ETF 28.7 11 14 7.7 -4.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 28.5 30 -5 8.5 -3.4
EEMA iShares MSCI Emerging Markets Asia ETF 28.4 49 -24 6.7 -5.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 27.8 36 -11 7.5 -4.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 27.7 33 -8 7.2 -4.8
FLAX Franklin FTSE Asia Ex Japan ETF 27.5 19 6 7.2 -4.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 27.4 70 -45 6.3 -5.7
IEMG iShares Core MSCI Emerging Markets ETF 26.6 9 16 7.5 -4.4
DEHP Dimensional Emerging Markets High Profitability ETF 26.2 41 -16 7.3 -4.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 26.0 15 10 7.1 -4.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 25.8 50 -25 10.5 -1.4
DFAE Dimensional Emerging Core Equity Market ETF 25.1 35 -10 7.7 -4.2
ESGE iShares ESG Aware MSCI EM ETF 25.0 25 0 7.7 -4.3
PXH Invesco FTSE RAFI Emerging Markets ETF 24.9 49 -24 12.4 +0.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 24.8 40 -15 7.1 -4.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 24.7 39 -14 12.5 +0.6
SCHE Schwab Emerging Markets Equity ETF 24.4 11 14 7.6 -4.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 23.9 44 -19 10.3 -1.6
GMF SPDR S&P Emerging Asia Pacific ETF 23.2 49 -24 6.4 -5.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 23.0 95 -70 11.4 -0.6
EMMF WisdomTree Emerging Markets Multifactor Fund 23.0 48 -23 9.4 -2.6
VWO Vanguard FTSE Emerging Markets ETF 23.0 8 17 7.6 -4.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 22.5 32 -7 7.6 -4.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 22.1 41 -16 7.8 -4.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 22.1 45 -20 12.7 +0.8
BKF iShares MSCI BIC ETF 22.0 69 -44 7.1 -4.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 21.7 38 -13 8.2 -3.7
EMXC iShares MSCI Emerging Markets ex China ETF 21.7 25 0 6.7 -5.3
SPEM SPDR Portfolio Emerging Markets ETF 21.3 7 18 7.5 -4.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 21.2 25 0 7.0 -4.9
EMXF iShares ESG Advanced MSCI EM ETF 21.0 16 9 7.4 -4.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 21.0 24 1 7.1 -4.8
LDEM iShares ESG MSCI EM Leaders ETF 20.5 17 8 7.7 -4.2
STXE Strive Emerging Markets Ex-China ETF 20.2 32 -7 6.9 -5.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 19.9 20 5 7.5 -4.5
DEM WisdomTree Emerging Markets High Dividend Fund 19.8 63 -38 12.9 +1.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 19.5 59 -34 9.6 -2.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 19.5 32 -7 6.3 -5.7
EEMO Invesco S&P Emerging Markets Momentum ETF 19.3 29 -4 6.2 -5.8
DFEV Dimensional Emerging Markets Value ETF 19.1 43 -18 10.9 -1.0
XCEM Columbia EM Core ex-China ETF 18.2 16 9 7.4 -4.6
AVEM Avantis Emerging Markets Equity ETF 17.8 33 -8 9.1 -2.9
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 17.7 88 -63 6.2 -5.8
RODE Hartford Multifactor Diversified International ETF 17.7 29 -4 11.5 -0.4
AIA iShares Asia 50 ETF 17.2 50 -25 6.9 -5.1
XC WisdomTree Emerging Markets Ex-China Fund 17.1 32 -7 6.2 -5.7
MCHI iShares MSCI China ETF 16.6 59 -34 8.9 -3.0
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 16.5 18 7 7.9 -4.1
FEM First Trust Emerging Markets AlphaDEX Fund 16.4 80 -55 16.3 +4.4
GXC SPDR S&P China ETF 16.4 59 -34 9.0 -2.9
EMC Global X Emerging Markets Great Consumer ETF 16.1 75 -50 4.9 -7.1
RNEM First Trust Emerging Markets Equity Select ETF 15.9 75 -50 8.2 -3.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 15.8 29 -4 8.3 -3.6
NUEM Nuveen ESG Emerging Markets Equity ETF 15.8 36 -11 6.8 -5.2
AVES Avantis Emerging Markets Value ETF 15.7 36 -11 12.1 +0.1
FLCH Franklin FTSE China ETF 15.6 19 6 9.6 -2.4
KALL KraneShares MSCI All China Index ETF 15.3 49 -24 9.4 -2.6
ECON Columbia Emerging Markets Consumer ETF 14.8 49 -24 4.8 -7.2
CN Xtrackers MSCI All China Equity ETF 14.6 50 -25 8.7 -3.3
EYLD Cambria Emerging Shareholder Yield ETF 14.5 66 -41 12.1 +0.2
FXI iShares China Large-Cap ETF 13.5 74 -49 9.6 -2.4
EPI WisdomTree India Earnings Fund 12.1 85 -60 6.6 -5.3
FLIN Franklin FTSE India ETF 12.0 19 6 5.2 -6.7
DVYE iShares Emerging Markets Dividend ETF 11.8 49 -24 16.6 +4.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 11.6 20 5 10.7 -1.2
EMDM First Trust Bloomberg Emerging Market Democracies ETF 11.6 75 -50 9.6 -2.4
MCH Matthews China Active ETF 11.4 79 -54 6.1 -5.9
VIDI Vident International Equity Strategy ETF 11.3 61 -36 11.9 -0.0
EEMD AAM S&P Emerging Markets High Dividend Value ETF 11.3 49 -24 19.0 +7.1
EDIV SPDR S&P Emerging Markets Dividend ETF 11.1 49 -24 10.9 -1.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 11.1 70 -45 11.4 -0.6
INDA iShares MSCI India ETF 10.9 65 -40 3.7 -8.3
PIN Invesco India ETF 10.8 78 -53 3.8 -8.2
MINV Matthews Asia Innovators Active ETF 10.7 79 -54 2.8 -9.1
IQDF FlexShares International Quality Dividend Index Fund 10.7 47 -22 10.7 -1.2
FLTW Franklin FTSE Taiwan ETF 9.8 19 6 6.0 -5.9
NFTY First Trust India NIFTY 50 Equal Weight ETF 9.7 80 -55 6.1 -5.8
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 9.7 60 -35 0.9 -11.0
SDEM Global X MSCI SuperDividend Emerging Markets ETF 9.6 67 -42 17.5 +5.6
ACWV iShares MSCI Global Min Vol Factor ETF 9.5 20 5 6.7 -5.2
EWY iShares MSCI South Korea ETF 9.4 58 -33 8.5 -3.4
GGME Invesco Next Gen Media and Gaming ETF 9.4 60 -35 4.1 -7.8
FLKR Franklin FTSE South Korea ETF 9.3 9 16 9.4 -2.6
TCHI iShares MSCI China Multisector Tech ETF 9.3 59 -34 3.0 -8.9
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 9.2 90 -65 7.0 -5.0
MOTI VanEck Morningstar International Moat ETF 9.2 58 -33 6.9 -5.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 9.1 42 -17 6.8 -5.1
INDY iShares India 50 ETF 9.0 89 -64 3.7 -8.2
KWEB KraneShares CSI China Internet ETF 8.8 69 -44 -0.7 -12.6
ACWX iShares MSCI ACWI ex U.S. ETF 8.8 34 -9 6.7 -5.2
FRDM Freedom 100 Emerging Markets ETF 8.7 49 -24 7.3 -4.6
EWT iShares MSCI Taiwan ETF 8.7 58 -33 5.7 -6.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 8.7 86 -61 1.9 -10.0
IQDE FlexShares International Quality Dividend Defensive Index ET 8.6 47 -22 10.7 -1.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.5 41 -16 6.7 -5.3
JCHI JPMorgan Active China ETF 8.5 65 -40 7.9 -4.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.4 47 -22 10.3 -1.7
FMET Fidelity Metaverse ETF 8.3 39 -14 4.4 -7.6
VEU Vanguard FTSE All-World ex-US Index Fund 8.2 8 17 7.2 -4.8
FCA First Trust China AlphaDEX Fund 8.1 80 -55 17.6 +5.7
VSGX Vanguard ESG International Stock ETF 7.9 12 13 6.8 -5.1
FDNI First Trust Dow Jones International Internet ETF 7.9 65 -40 2.8 -9.2
IXUS iShares Core MSCI Total International Stock ETF 7.9 7 18 6.9 -5.0
KTEC KraneShares Hang Seng TECH Index ETF 7.8 69 -44 -3.9 -15.9
VXUS Vanguard Total International Stock ETF 7.8 7 18 7.1 -4.8
METV Roundhill Ball Metaverse ETF 7.6 59 -34 3.4 -8.6
WRND IQ Global Equity R&D Leaders ETF 7.5 18 7 7.2 -4.8
VYMI Vanguard International High Dividend Yield ETF 7.4 22 3 9.7 -2.2
GLIN VanEck India Growth Leaders ETF 7.4 77 -52 5.3 -6.6
MEM Matthews Emerging Markets Equity Active ETF 7.3 79 -54 5.7 -6.2
AIQ Global X Artificial Intelligence & Technology ETF 7.1 68 -43 4.2 -7.8
CWI SPDR MSCI ACWI ex-US ETF 6.7 30 -5 6.8 -5.1
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 6.7 60 -35 10.0 -1.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.3 30 -5 7.8 -4.2
DEW WisdomTree Global High Dividend Fund 6.3 58 -33 9.1 -2.8
DSTX Distillate International Fundamental Stability & Value ETF 6.3 55 -30 8.0 -3.9
SCHY Schwab International Dividend Equity ETF 6.1 14 11 9.3 -2.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 6.1 58 -33 10.1 -1.8
NXTG First Trust Indxx NextG ETF 6.1 70 -45 6.0 -6.0
VPL Vanguard FTSE Pacific ETF 6.0 8 17 7.0 -5.0
EMM Global X Emerging Markets ex-China ETF 5.9 75 -50 3.7 -8.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 5.8 32 -7 5.7 -6.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 5.8 60 -35 14.7 +2.8
CQQQ Invesco China Technology ETF 5.6 70 -45 -5.7 -17.6
CHAT Roundhill Generative AI & Technology ETF 5.3 75 -50 4.2 -7.7
IXP iShares Global Comm Services ETF 5.2 42 -17 5.3 -6.6
KNCT Invesco Next Gen Connectivity ETF 5.2 40 -15 5.9 -6.1
IVRS iShares Future Metaverse Tech and Communications ETF 4.9 47 -22 -5.3 -17.2
JIG JPMorgan International Growth ETF 4.9 55 -30 4.3 -7.6
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.8 65 -40 8.4 -3.6
EEMS iShares MSCI Emerging Markets Small Cap ETF 4.8 70 -45 7.2 -4.7
CGRO CoreValues Alpha Greater China Growth ETF 4.6 75 -50 2.6 -9.4
UMMA Wahed Dow Jones Islamic World ETF 4.6 65 -40 4.3 -7.6
TUR iShares MSCI Turkey ETF 4.6 58 -33 18.6 +6.7
CHIQ Global X MSCI China Consumer Discretionary ETF 4.5 65 -40 5.3 -6.6
FLLA Franklin FTSE Latin America ETF 4.5 19 6 11.7 -0.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 4.5 80 -55 10.0 -2.0
CARZ First Trust NASDAQ Global Auto Index Fund 4.4 70 -45 3.5 -8.5
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 4.4 47 -22 0.7 -11.3
JPIN J.P. Morgan Diversified Return International Equity ETF 4.4 37 -12 8.7 -3.2
EIDO iShares MSCI Indonesia ETF 4.3 59 -34 7.6 -4.4
GLOF iShares Global Equity Factor ETF 4.2 20 5 7.1 -4.9
ESPO VanEck Video Gaming and eSports ETF 4.2 56 -31 4.5 -7.4
TTAI FCF International Quality ETF 4.2 59 -34 7.4 -4.5
ARVR First Trust Indxx Metaverse ETF 4.1 70 -45 2.5 -9.4
FNDF Schwab Fundamental International Large Co. Index ETF 3.9 25 0 9.1 -2.9
ANEW ProShares MSCI Transformational Changes ETF 3.8 45 -20 3.3 -8.6
EWW iShares MSCI Mexico ETF 3.7 50 -25 9.7 -2.3
IDX VanEck Indonesia Index ETF 3.7 57 -32 7.9 -4.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.7 20 5 5.6 -6.3
DINT Davis Select International ETF 3.5 55 -30 4.7 -7.2
DWLD Davis Select Worldwide ETF 3.5 63 -38 5.6 -6.3
EMFQ Amplify Emerging Markets FinTech ETF 3.5 69 -44 5.4 -6.5
DGT SPDR Global Dow ETF 3.4 50 -25 6.7 -5.3
ODDS Pacer BlueStar Digital Entertainment ETF 3.4 60 -35 3.0 -8.9
SOCL Global X Social Media ETF 3.4 65 -40 -5.8 -17.7
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.3 75 -50 3.2 -8.8
SDIV Global X Superdividend ETF 3.2 58 -33 17.6 +5.7
ACWI iShares MSCI ACWI ETF 3.2 32 -7 5.5 -6.5
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 3.2 61 -36 -4.0 -15.9
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 3.2 68 -43 8.8 -3.1
WWJD Inspire International ETF 3.1 80 -55 7.1 -4.8
IXN iShares Global Tech ETF 3.1 41 -16 4.3 -7.6
FLSA Franklin FTSE Saudi Arabia ETF 3.1 39 -14 5.7 -6.2
KSA iShares MSCI Saudi Arabia ETF 3.0 74 -49 5.6 -6.4
INCO Columbia India Consumer ETF 3.0 75 -50 1.6 -10.3
GBUY Goldman Sachs Future Consumer Equity ETF 2.9 75 -50 3.1 -8.8
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 2.9 80 -55 14.2 +2.2
XT iShares Exponential Technologies ETF 2.9 46 -21 3.9 -8.1
IGRO iShares International Dividend Growth ETF 2.9 15 10 7.1 -4.9
CGV Conductor Global Equity Value ETF 2.9 130 -105 11.3 -0.6
VT Vanguard Total World Stock ETF 2.9 7 18 5.8 -6.1
IMFL Invesco International Developed Dynamic Multifactor ETF 2.8 34 -9 10.6 -1.3
MRAD SmartETFs Advertising & Marketing Technology ETF 2.8 68 -43 4.2 -7.8
JSTC Adasina Social Justice All Cap Global ETF 2.8 89 -64 4.8 -7.2
VIGI Vanguard International Dividend Appreciation ETF 2.8 15 10 5.6 -6.4
ASEA Global X FTSE Southeast Asia ETF 2.8 65 -40 6.5 -5.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.7 45 -20 8.5 -3.5
FLMX Franklin FTSE Mexico ETF 2.7 19 6 10.8 -1.2
FTRI First Trust Indxx Global Natural Resources Income ETF 2.7 70 -45 10.6 -1.3
RXI iShares Global Consumer Discretionary ETF 2.7 41 -16 5.5 -6.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.7 78 -53 8.8 -3.1
DWX SPDR S&P International Dividend ETF 2.7 45 -20 7.1 -4.8
HFXI IQ FTSE International Equity Currency Neutral ETF 2.6 20 5 6.8 -5.1
MOTG VanEck Morningstar Global Wide Moat ETF 2.6 52 -27 5.8 -6.2
UIVM VictoryShares International Value Momentum ETF 2.6 35 -10 10.7 -1.3
FLBR Franklin FTSE Brazil ETF 2.5 19 6 12.4 +0.5
CGXU Capital Group International Focus Equity ETF 2.5 54 -29 4.1 -7.8
KOIN Capital Link Global Fintech Leaders ETF 2.5 75 -50 4.6 -7.3
BTEK Future Tech ETF 2.4 88 -63 2.1 -9.8
FILL iShares MSCI Global Energy Producers ETF 2.4 39 -14 9.0 -2.9
VNQI Vanguard Global ex-U.S. Real Estate ETF 2.4 12 13 8.7 -3.2
IBUY Amplify Online Retail ETF 2.4 65 -40 1.8 -10.2
SCHF Schwab International Equity ETF 2.4 6 19 7.0 -4.9
EWZ iShares MSCI Brazil ETF 2.3 58 -33 11.9 -0.1
ILF iShares Latin America 40 ETF 2.3 48 -23 10.3 -1.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.3 12 13 5.1 -6.9
INDF Nifty India Financials ETF 2.3 75 -50 6.0 -6.0
KBUY KraneShares CICC China Consumer Leaders Index ETF 2.2 69 -44 0.0 -11.9
VEA Vanguard FTSE Developed Markets ETF 2.2 5 20 7.0 -4.9
IOO iShares Global 100 ETF 2.2 41 -16 4.8 -7.1
UAE iShares MSCI UAE ETF 2.2 59 -34 9.0 -3.0
FID First Trust S&P International Dividend Aristocrats ETF 2.2 60 -35 9.8 -2.1
SATO Invesco Alerian Galaxy Crypto Economy ETF 2.2 61 -36 -13.0 -24.9
IDAT iShares Future Cloud 5G and Tech ETF 2.1 47 -22 4.5 -7.4
FLN First Trust Latin America AlphaDEX Fund 2.1 80 -55 11.1 -0.9
WDIV SPDR S&P Global Dividend ETF 2.1 40 -15 10.2 -1.7
IWFH iShares Virtual Work and Life Multisector ETF 2.0 47 -22 -3.5 -15.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 2.0 56 -31 13.9 +2.0
CRAK VanEck Oil Refiners ETF 1.9 61 -36 13.1 +1.1
FBZ First Trust Brazil AlphaDEX Fund 1.9 80 -55 11.9 -0.0
WTAI WisdomTree Artificial Intelligence and Innovation Fund 1.9 45 -20 1.4 -10.6
OGIG ALPS O'Shares Global Internet Giants ETF 1.9 48 -23 0.5 -11.5
EWX SPDR S&P Emerging Markets Small Cap ETF 1.9 65 -40 7.7 -4.3
SDG iShares MSCI Global Sustainable Development Goals ETF 1.9 49 -24 5.8 -6.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.9 9 16 5.7 -6.2
KURE KraneShares MSCI All China Health Care Index ETF 1.8 65 -40 3.6 -8.4
BUYZ Franklin Disruptive Commerce ETF 1.8 50 -25 2.1 -9.9
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.8 75 -50 5.2 -6.7
IGPT Invesco AI and Next Gen Software ETF 1.8 60 -35 3.8 -8.1
FPXI First Trust International Equity Opportunities ETF 1.7 70 -45 3.6 -8.3
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.7 80 -55 10.8 -1.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.7 24 1 8.6 -3.4
IXG iShares Global Financials ETF 1.7 42 -17 6.8 -5.1
QINT American Century Quality Diversified International ETF 1.7 39 -14 7.4 -4.5
BLES Inspire Global Hope ETF 1.7 61 -36 6.3 -5.6
MVPS Amplify Thematic All-Stars ETF 1.7 49 -24 1.7 -10.3
WUGI AXS Esoterica NextG Economy ETF 1.6 75 -50 2.1 -9.8
EZA iShares MSCI South Africa ETF 1.5 58 -33 11.4 -0.6
DGIN VanEck Digital India ETF 1.4 71 -46 1.6 -10.3
BWEB Bitwise Web3 ETF 1.4 85 -60 0.9 -11.0
KOCG FIS Knights of Columbus Global Belief ETF 1.4 75 -50 5.3 -6.7
OND ProShares On-Demand ETF 1.4 58 -33 -2.5 -14.4
GINN Goldman Sachs Innovate Equity ETF 1.4 52 -27 2.7 -9.2
PICK iShares MSCI Global Metals & Mining Producers ETF 1.3 39 -14 11.0 -1.0
BLDG Cambria Global Real Estate ETF 1.3 60 -35 9.4 -2.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.3 7 18 6.5 -5.4
OBOR KraneShares MSCI One Belt One Road Index ETF 1.3 79 -54 10.3 -1.6
TPIF Timothy Plan International ETF 1.2 62 -37 6.7 -5.2
FLHK Franklin FTSE Hong Kong ETF 1.2 9 16 7.4 -4.5
AFK VanEck Africa Index ETF 1.1 98 -73 10.0 -1.9
SMIN iShares MSCI India Small Cap ETF 1.1 79 -54 4.3 -7.7
THD iShares MSCI Thailand ETF 1.1 58 -33 5.8 -6.1
GDVD R3 Global Dividend Growth ETF 1.1 88 -63 5.8 -6.1
VEGI iShares MSCI Agriculture Producers ETF 1.1 39 -14 9.2 -2.7
PGJ Invesco Golden Dragon China ETF 1.1 70 -45 4.9 -7.0
BRAZ Global X Brazil Active ETF 1.1 75 -50 10.3 -1.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.1 80 -55 11.0 -0.9
NDIA Global X India Active ETF 1.0 75 -50 6.5 -5.4
QTUM Defiance Quantum ETF 1.0 40 -15 3.9 -8.0
SNSR Global X Internet of Things ETF 1.0 68 -43 4.3 -7.7
EBIZ Global X E-Commerce ETF 1.0 50 -25 1.2 -10.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.0 46 -21 8.8 -3.1
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 0.9 51 -26 6.8 -5.1
GCOW Pacer Global Cash Cows Dividend ETF 0.9 60 -35 13.6 +1.7
CIL VictoryShares International Volatility Wtd ETF 0.9 45 -20 6.9 -5.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.9 65 -40 1.6 -10.3
XNTK SPDR NYSE Technology ETF 0.9 35 -10 4.0 -8.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.9 58 -33 4.8 -7.1
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 0.9 57 -32 3.8 -8.1
ISHP First Trust Nasdaq Retail ETF 0.9 60 -35 3.2 -8.8
ONLN ProShares Online Retail ETF 0.9 58 -33 3.1 -8.9
HERO Global X Video Games & Esports ETF 0.9 50 -25 5.1 -6.9
NERD Roundhill Video Games ETF 0.9 50 -25 8.0 -3.9
GVAL Cambria Global Value ETF 0.8 68 -43 12.3 +0.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.8 3 22 6.9 -5.0
EWH iShares MSCI Hong Kong ETF 0.8 50 -25 7.0 -5.0
FYLD Cambria Foreign Shareholder Yield ETF 0.8 59 -34 12.0 +0.0
JHID John Hancock International High Dividend ETF 0.8 46 -21 11.5 -0.5
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.8 35 -10 4.8 -7.1
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.8 86 -61 1.9 -10.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.8 49 -24 6.7 -5.2
APIE ActivePassive International Equity ETF 0.8 45 -20 7.7 -4.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.7 65 -40 12.8 +0.9
IDV iShares International Select Dividend ETF 0.7 51 -26 12.3 +0.4
LOUP Innovator Deepwater Frontier Tech ETF 0.7 70 -45 2.3 -9.6
IXC iShares Global Energy ETF 0.7 44 -19 8.2 -3.7
TRFM AAM Transformers ETF 0.6 49 -24 1.2 -10.7
OSEA Harbor International Compounders ETF 0.6 55 -30 3.7 -8.2
GREK Global X MSCI Greece ETF 0.6 57 -32 -1.6 -13.5
MOTO SmartETFs Smart Transportation & Technology ETF 0.6 68 -43 6.6 -5.3
DRIV Global X Autonomous & Electric Vehicles ETF 0.6 68 -43 3.4 -8.6
QQQ Invesco QQQ Trust Series I 0.6 20 5 4.6 -7.3
QQQM Invesco NASDAQ 100 ETF 0.6 15 10 4.7 -7.2
JFWD Jacob Forward ETF 0.6 75 -50 0.0 -11.9
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.5 46 -21 5.6 -6.4
IDHQ Invesco S&P International Developed High Quality ETF 0.5 29 -4 5.8 -6.2
BATT Amplify Lithium & Battery Technology ETF 0.5 59 -34 2.9 -9.0
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.5 45 -20 4.9 -7.0
SMOG VanEck Low Carbon Energy ETF 0.5 61 -36 3.0 -8.9
CTEC Global X CleanTech ETF 0.5 50 -25 1.0 -11.0
DTCR Global X Data Center & Digital Infrastructure ETF 0.5 50 -25 2.7 -9.3
SRVR Pacer Data & Infrastructure Real Estate ETF 0.5 55 -30 2.9 -9.0
FPAG FPA Global Equity ETF 0.5 49 -24 5.7 -6.3
EWM iShares MSCI Malaysia ETF 0.5 50 -25 5.7 -6.3
IDRV iShares Self-driving EV & Tech ETF 0.5 47 -22 -0.5 -12.4
CLNR IQ Cleaner Transport ETF 0.4 45 -20 8.3 -3.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.4 47 -22 5.9 -6.0
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.4 10 15 8.2 -3.8
CID VictoryShares International High Div Volatility Wtd ETF 0.4 45 -20 9.5 -2.5
CGUS Capital Group Core Equity ETF 0.4 33 -8 4.7 -7.2
IHAK iShares Cybersecurity & Tech ETF 0.4 47 -22 3.2 -8.7
ECH iShares MSCI Chile ETF 0.4 58 -33 10.7 -1.2
IPKW Invesco International BuyBack Achievers ETF 0.4 55 -30 9.1 -2.9
MXI iShares Global Materials ETF 0.4 41 -16 6.6 -5.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.4 32 -7 6.7 -5.2
INQQ India Internet & Ecommerce ETF 0.4 86 -61 10.8 -1.2
EPP iShares MSCI Pacific ex-Japan ETF 0.3 47 -22 5.4 -6.6
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 5 4.7 -7.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.3 29 -4 8.8 -3.2
FM iShares Frontier and Select EM ETF 0.3 80 -55 9.5 -2.4
INTF iShares International Equity Factor ETF 0.3 15 10 7.8 -4.1
RFDI First Trust Riverfront Dynamic Developed International ETF 0.3 83 -58 9.0 -3.0
RFEU First Trust Riverfront Dynamic Europe ETF 0.3 83 -58 8.7 -3.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 4 3.9 -8.0
BJK VanEck Gaming ETF 0.3 65 -40 1.8 -10.1
BETZ Roundhill Sports Betting & iGaming ETF 0.3 75 -50 1.9 -10.1
DWMF WisdomTree International Multifactor Fund 0.3 38 -13 7.3 -4.6
FBCG Fidelity Blue Chip Growth ETF 0.3 59 -34 2.6 -9.4
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.3 19 6 5.8 -6.1
TMFG Motley Fool Global Opportunities ETF 0.3 85 -60 3.3 -8.7
AVIV Avantis International Large Cap Value ETF 0.3 25 0 8.9 -3.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 -14 6.9 -5.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.2 25 0 7.4 -4.5
EWZS iShares MSCI Brazil Small-Cap ETF 0.2 59 -34 8.2 -3.7
IVLU iShares MSCI Intl Value Factor ETF 0.2 30 -5 10.6 -1.3
PNQI Invesco NASDAQ Internet ETF 0.2 60 -35 2.6 -9.3
COPX Global X Copper Miners ETF 0.2 65 -40 6.9 -5.0
BNE Blue Horizon BNE ETF 0.2 87 -62 5.0 -7.0
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.2 50 -25 5.8 -6.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.2 9 16 9.8 -2.2
AVRE Avantis Real Estate ETF 0.2 17 8 6.6 -5.3
AVDE Avantis International Equity ETF 0.2 23 2 7.9 -4.1
IQIN IQ 500 International ETF 0.2 25 0 8.8 -3.1
NTZG Nuveen Global Net Zero Transition ETF 0.2 56 -31 4.9 -7.0
BECO BlackRock Future Climate and Sustainable Economy ETF 0.2 70 -45 13.7 +1.8
EV Mast Global Battery Recycling & Production ETF 0.2 65 -40 12.8 +0.8
BLLD JPMorgan Sustainable Infrastructure ETF 0.2 49 -24 6.2 -5.7
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.2 39 -14 -3.5 -15.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.2 58 -33 4.6 -7.4
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.2 72 -47 2.2 -9.8
LIT Global X Lithium & Battery Tech ETF 0.2 75 -50 10.2 -1.7
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.2 79 -54 5.1 -6.8
PBD Invesco Global Clean Energy ETF 0.2 75 -50 -3.9 -15.8
ETEC iShares Breakthrough Environmental Solutions ETF 0.2 47 -22 5.3 -6.6
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.2 45 -20 6.2 -5.7
DFIV Dimensional International Value ETF 0.2 27 -2 9.8 -2.1
GLIF AGF Global Infrastructure ETF 0.2 45 -20 5.5 -6.4
IDOG ALPS International Sector Dividend Dogs ETF 0.2 50 -25 11.6 -0.3
QAT iShares MSCI Qatar ETF 0.2 59 -34 9.3 -2.6
AADR AdvisorShares Dorsey Wright ADR ETF 0.2 110 -85 5.4 -6.6
DIHP Dimensional International High Profitability ETF 0.1 29 -4 6.9 -5.0
JETS U.S. Global Jets ETF 0.1 60 -35 -15.6 -27.5
REET iShares Global REIT ETF 0.1 14 11 7.1 -4.8
IPAC iShares Core MSCI Pacific ETF 0.1 9 16 6.7 -5.3
ISZE iShares MSCI Intl Size Factor ETF 0.1 30 -5 6.6 -5.4
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.1 56 -31 1.7 -10.3
MOO VanEck Agribusiness ETF 0.1 53 -28 9.4 -2.6
KXI iShares Global Consumer Staples ETF 0.1 41 -16 5.6 -6.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 -15 0.0 -11.9
IVAL Alpha Architect International Quantitative Value ETF 0.1 49 -24 5.8 -6.1
DFGR Dimensional Global Real Estate ETF 0.1 22 3 7.1 -4.9
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 16 8.0 -3.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 -14 7.6 -4.3
TEMP JPMorgan Climate Change Solutions ETF 0.1 49 -24 4.7 -7.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -50 4.7 -7.2
DFAI Dimensional International Core Equity Market ETF 0.1 18 7 6.9 -5.0
EFV iShares MSCI EAFE Value ETF 0.1 34 -9 9.1 -2.8
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 13 5.4 -6.5
DFIC Dimensional International Core Equity 2 ETF 0.1 23 2 7.4 -4.5
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.1 9 16 5.0 -6.9
FTAG First Trust Indxx Global Agriculture ETF 0.1 70 -45 9.1 -2.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 11 6.2 -5.8
IDEV iShares Core MSCI International Developed Markets ETF 0.1 4 21 6.7 -5.2
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.1 10 15 5.4 -6.5
CUT Invesco MSCI Global Timber ETF 0.1 61 -36 8.6 -3.4
WOOD iShares Global Timber & Forestry ETF 0.1 42 -17 9.6 -2.3
IEFA iShares Core MSCI EAFE ETF 0.1 7 18 2.7 -9.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 5 6.7 -5.3
BKIE BNY Mellon International Equity ETF 0.0 4 21 6.9 -5.1
BKLC BNY Mellon US Large Cap Core Equity ETF 0.0 0 25 5.3 -6.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.0 7 18 5.2 -6.7
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.0 20 5 6.3 -5.7
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.0 80 -55 5.6 -6.3
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 14 5.2 -6.7
EFA iShares MSCI EAFE ETF 0.0 35 -10 6.4 -5.6
SCHC Schwab International Small-Cap Equity ETF 0.0 11 14 6.4 -5.5
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 -5 6.8 -5.1
IQSI IQ Candriam International Equity ETF 0.0 15 10 6.4 -5.5
TINT ProShares Smart Materials ETF 0.0 58 -33 5.6 -6.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.0 36 -11 6.4 -5.5
RVRB Reverb ETF 0.0 30 -5 5.0 -7.0
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 -5 6.1 -5.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 -14 7.3 -4.6
GWX SPDR S&P International Small Cap ETF 0.0 40 -15 6.6 -5.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 16 5.5 -6.5
URTH iShares MSCI World ETF 0.0 24 1 5.4 -6.5
TOK iShares MSCI Kokusai ETF 0.0 26 -1 5.3 -6.7
GMET VanEck Green Metals ETF 0.0 63 -38 9.8 -2.1
ERUS iShares MSCI Russia ETF 0.0 8 17 11.3 -0.7
HAP VanEck Natural Resources ETF 0.0 50 -25 9.5 -2.5
EMIF iShares Emerging Markets Infrastructure ETF 0.0 60 -35 4.6 -7.3

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:		 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 13.0 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 11.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.39 CATEGORY
AVERAGE		 1.39
 
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.