Fidelity Emerging Markets Multifactor ETF
ALTAR
Score™		 12.3% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 9.7x P/Sales
ratio		 0.8x
P/BV
ratio		 1.2x 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) $103
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 241
Wgt avg mkt cap (mns) $60,544
Large cap (>$10bn) 51.7%
Mid cap ($2-10bn) 44.0%
Small cap (<$2bn) 4.0%
Developed mkts 6.8%
Emerging mkts 93.2%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 4.2 %
SAMSUNG ELECTRONICS CO LTD 3.6 %
YUHAN CORPORATION 2.2 %
LONGFOR PROPERTIES 2.0 %
EMAAR PROPERTIES PJSC 1.8 %
BIM BIRLESIK MAGAZALAR AS 1.6 %
DR. REDDY'S LABORATORIES 1.5 %
OIL INDIA LTD 1.4 %
TF ADMINISTRADORA INDUSTRIAL 1.4 %
AUROBINDO PHARMA LTD 1.4 %
Total 21.1 %

TOP COUNTRY EXPOSURE
CHINA 22.2 %
INDIA 17.5 %
TAIWAN 14.9 %
SOUTH KOREA 11.8 %
TURKEY 5.9 %
INDONESIA 4.0 %
MEXICO 3.7 %
HONG KONG 3.2 %
SAUDI ARABIA 2.7 %
UAE 2.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
11.7% 25.5% 5.0% -- 4.6%

Market Correlations
versus... Beta R-squared
S&P500 0.59 48%
MSCI EAFE 0.68 68%
MSCI Emg. Mkts. 0.80 91%

Technical Indicators
Recent close $25.81
30d moving avg. $26.77
Annualized volatility 14.6%
Short interest (ETF) 0.8%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 29
Turnover 0.7%
Bid/Ask (% of price) 0.75%
ADV underlying (mns) $10,245

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 434 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™: 12.3%


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
(%)
JHEM John Hancock Multifactor Emerging Markets ETF 33.0 49 -24 8.2 -4.1
ROAM Hartford Multifactor Emerging Markets ETF 31.6 44 -19 15.8 +3.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 30.7 45 -20 11.0 -1.3
EMGF iShares Emerging Markets Equity Factor ETF 30.2 25 0 8.5 -3.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 28.8 30 -5 7.3 -5.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 28.7 66 -41 10.0 -2.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 28.5 33 -8 8.2 -4.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 28.1 30 -5 8.1 -4.2
BKEM BNY Mellon Emerging Markets Equity ETF 27.8 11 14 8.4 -3.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 27.8 15 10 7.2 -5.1
EQLT iShares MSCI Emerging Markets Quality Factor ETF 27.7 35 -10 7.4 -4.9
EEMA iShares MSCI Emerging Markets Asia ETF 27.4 49 -24 6.5 -5.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 27.4 36 -11 7.8 -4.5
EEM iShares MSCI Emerging Markets ETF 27.3 69 -44 6.9 -5.4
FLAX Franklin FTSE Asia Ex Japan ETF 27.1 19 6 6.9 -5.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 26.2 15 10 10.2 -2.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 26.2 70 -45 6.2 -6.2
ECON Columbia Emerging Markets Consumer ETF 24.8 49 -24 7.3 -5.0
IEMG iShares Core MSCI Emerging Markets ETF 24.7 9 16 7.5 -4.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 24.6 50 -25 13.0 +0.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 24.3 39 -14 12.5 +0.2
PXH Invesco FTSE RAFI Emerging Markets ETF 24.1 49 -24 12.2 -0.1
DFAE Dimensional Emerging Core Equity Market ETF 24.0 35 -10 7.3 -5.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 24.0 32 -7 6.2 -6.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 24.0 44 -19 10.6 -1.7
SCHE Schwab Emerging Markets Equity ETF 24.0 11 14 7.1 -5.2
ESGE iShares ESG Aware MSCI EM ETF 23.8 25 0 7.1 -5.2
EMMF WisdomTree Emerging Markets Multifactor Fund 23.3 48 -23 8.8 -3.5
GMF SPDR S&P Emerging Asia Pacific ETF 23.1 49 -24 6.1 -6.2
DEHP Dimensional Emerging Markets High Profitability ETF 23.0 41 -16 5.0 -7.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 22.9 35 -10 12.4 +0.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 22.0 40 -15 8.3 -4.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 21.9 95 -70 10.5 -1.8
VWO Vanguard FTSE Emerging Markets ETF 21.8 8 17 6.9 -5.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 21.4 32 -7 6.9 -5.5
BKF iShares MSCI BIC ETF 21.4 69 -44 6.9 -5.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 21.3 59 -34 11.3 -1.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 21.2 41 -16 7.4 -4.9
SPEM SPDR Portfolio Emerging Markets ETF 21.1 7 18 7.3 -5.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 20.9 24 1 9.2 -3.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 20.8 38 -13 7.8 -4.5
EMXF iShares ESG Advanced MSCI EM ETF 20.5 16 9 6.8 -5.5
STXE Strive Emerging Markets Ex-China ETF 20.4 32 -7 7.0 -5.3
EMXC iShares MSCI Emerging Markets ex China ETF 20.1 25 0 6.7 -5.6
RNEM First Trust Emerging Markets Equity Select ETF 19.7 75 -50 7.6 -4.8
DEM WisdomTree Emerging Markets High Dividend Fund 19.5 63 -38 18.9 +6.5
LDEM iShares ESG MSCI EM Leaders ETF 19.5 17 8 7.6 -4.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 19.3 25 0 6.6 -5.7
XCEM Columbia EM Core ex-China ETF 19.2 16 9 7.7 -4.6
AVEM Avantis Emerging Markets Equity ETF 18.5 33 -8 8.9 -3.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 18.5 20 5 6.8 -5.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 18.1 45 -20 12.3 0.0
DFEV Dimensional Emerging Markets Value ETF 17.8 43 -18 11.1 -1.3
XC WisdomTree Emerging Markets Ex-China Fund 17.7 32 -7 6.0 -6.3
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 17.4 88 -63 7.4 -4.9
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 17.3 18 7 6.8 -5.5
FEM First Trust Emerging Markets AlphaDEX Fund 17.1 80 -55 13.0 +0.7
AIA iShares Asia 50 ETF 17.0 50 -25 6.6 -5.7
MCHI iShares MSCI China ETF 16.4 59 -34 8.4 -3.9
FLCH Franklin FTSE China ETF 16.4 19 6 8.8 -3.5
GXC SPDR S&P China ETF 16.3 59 -34 8.3 -4.0
KALL KraneShares MSCI All China Index ETF 15.8 49 -24 9.0 -3.3
AVES Avantis Emerging Markets Value ETF 15.8 36 -11 11.6 -0.7
MEM Matthews Emerging Markets Equity Active ETF 15.6 79 -54 5.4 -6.9
NUEM Nuveen ESG Emerging Markets Equity ETF 15.2 36 -11 6.5 -5.9
XCNY SPDR S&P Emerging Markets ex-China ETF 15.1 15 10 6.3 -6.0
RODE Hartford Multifactor Diversified International ETF 14.8 29 -4 11.8 -0.5
FXI iShares China Large-Cap ETF 14.7 74 -49 8.2 -4.1
EEMO Invesco S&P Emerging Markets Momentum ETF 14.1 29 -4 5.5 -6.8
EYLD Cambria Emerging Shareholder Yield ETF 14.0 66 -41 13.2 +0.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 13.9 29 -4 8.7 -3.6
MINV Matthews Asia Innovators Active ETF 13.7 79 -54 3.0 -9.3
EMC Global X Emerging Markets Great Consumer ETF 13.3 75 -50 4.5 -7.8
FLIN Franklin FTSE India ETF 12.4 19 6 4.7 -7.6
EPI WisdomTree India Earnings Fund 12.1 85 -60 6.1 -6.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 12.1 75 -50 8.2 -4.1
MCH Matthews China Active ETF 12.0 79 -54 5.4 -6.9
DVYE iShares Emerging Markets Dividend ETF 11.7 49 -24 18.8 +6.5
PATN Pacer Nasdaq International Patent Leaders ETF 11.0 65 -40 6.5 -5.8
INDA iShares MSCI India ETF 11.0 65 -40 4.4 -8.0
NFTY First Trust India NIFTY 50 Equal Weight ETF 10.9 80 -55 6.3 -6.1
FTHF First Trust Emerging Markets Human Flourishing ETF 10.9 75 -50 8.9 -3.4
EDIV SPDR S&P Emerging Markets Dividend ETF 10.8 49 -24 12.0 -0.3
IQDF FlexShares International Quality Dividend Index Fund 10.7 47 -22 12.9 +0.6
PIN Invesco India ETF 10.6 78 -53 4.5 -7.9
FCA First Trust China AlphaDEX Fund 10.4 80 -55 16.2 +3.9
EEMD AAM S&P Emerging Markets High Dividend Value ETF 10.4 49 -24 16.1 +3.8
CXSE WisdomTree China ex-State-Owned Enterprises Fund 10.3 32 -7 6.1 -6.3
VIDI Vident International Equity Strategy ETF 9.9 61 -36 10.2 -2.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 9.9 42 -17 8.1 -4.3
EWY iShares MSCI South Korea ETF 9.8 58 -33 9.8 -2.5
SDEM Global X MSCI SuperDividend Emerging Markets ETF 9.6 67 -42 15.0 +2.7
JCHI JPMorgan Active China ETF 9.6 65 -40 8.0 -4.4
FLTW Franklin FTSE Taiwan ETF 9.4 19 6 5.9 -6.4
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 9.4 60 -35 0.5 -11.9
TCHI iShares MSCI China Multisector Tech ETF 9.3 59 -34 1.9 -10.5
FLKR Franklin FTSE South Korea ETF 9.2 9 16 10.6 -1.7
KWEB KraneShares CSI China Internet ETF 9.2 69 -44 -1.4 -13.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 9.1 86 -61 1.6 -10.7
FMET Fidelity Metaverse ETF 9.0 39 -14 5.4 -6.9
ECOW Pacer Emerging Markets Cash Cows 100 ETF 8.9 70 -45 9.2 -3.1
IQDE FlexShares International Quality Dividend Defensive Index ET 8.9 47 -22 14.8 +2.5
INDY iShares India 50 ETF 8.8 89 -64 4.6 -7.7
ACWX iShares MSCI ACWI ex U.S. ETF 8.7 34 -9 7.0 -5.4
ACWV iShares MSCI Global Min Vol Factor ETF 8.7 20 5 6.3 -6.0
FRDM Freedom 100 Emerging Markets ETF 8.7 49 -24 7.3 -5.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.6 47 -22 9.4 -2.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.5 41 -16 7.4 -4.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 8.5 18 7 7.0 -5.3
EWT iShares MSCI Taiwan ETF 8.4 58 -33 5.7 -6.7
FDNI First Trust Dow Jones International Internet ETF 8.3 65 -40 2.1 -10.2
KTEC KraneShares Hang Seng TECH Index ETF 8.3 69 -44 -3.6 -15.9
VEU Vanguard FTSE All-World ex-US Index Fund 8.2 8 17 7.3 -5.1
WRND IQ Global Equity R&D Leaders ETF 7.9 18 7 7.5 -4.8
IXUS iShares Core MSCI Total International Stock ETF 7.8 7 18 7.2 -5.1
VXUS Vanguard Total International Stock ETF 7.7 7 18 7.2 -5.1
GLIN VanEck India Growth Leaders ETF 7.6 77 -52 5.7 -6.6
VSGX Vanguard ESG International Stock ETF 7.6 12 13 6.8 -5.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 7.5 60 -35 9.8 -2.5
CWI SPDR MSCI ACWI ex-US ETF 7.4 30 -5 6.9 -5.4
VYMI Vanguard International High Dividend Yield ETF 7.0 22 3 9.8 -2.5
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 6.9 90 -65 6.1 -6.2
JIG JPMorgan International Growth ETF 6.8 55 -30 4.6 -7.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 6.4 80 -55 7.6 -4.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.4 30 -5 8.0 -4.4
CQQQ Invesco China Technology ETF 6.2 70 -45 -7.9 -20.2
EMM Global X Emerging Markets ex-China ETF 6.1 75 -50 4.2 -8.1
NXTG First Trust Indxx NextG ETF 5.9 70 -45 6.2 -6.1
SCHY Schwab International Dividend Equity ETF 5.9 14 11 9.3 -3.0
TUR iShares MSCI Turkey ETF 5.9 58 -33 19.7 +7.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 5.8 58 -33 10.2 -2.1
IXP iShares Global Comm Services ETF 5.8 42 -17 5.1 -7.3
DEW WisdomTree Global High Dividend Fund 5.8 58 -33 8.5 -3.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 5.7 60 -35 13.4 +1.1
METV Roundhill Ball Metaverse ETF 5.7 59 -34 3.4 -9.0
AIQ Global X Artificial Intelligence & Technology ETF 5.7 68 -43 4.0 -8.3
CGRO CoreValues Alpha Greater China Growth ETF 5.7 75 -50 2.0 -10.3
IVES Wedbush ETFMG Global Cloud Technology ETF 5.5 68 -43 5.8 -6.6
AIVC Amplify Bloomberg AI Value Chain ETF 5.4 59 -34 5.8 -6.5
DSTX Distillate International Fundamental Stability & Value ETF 5.4 55 -30 8.0 -4.4
CHAT Roundhill Generative AI & Technology ETF 5.2 75 -50 3.8 -8.5
IVRS iShares Future Metaverse Tech and Communications ETF 5.0 47 -22 -4.9 -17.2
ESPO VanEck Video Gaming and eSports ETF 4.9 56 -31 3.5 -8.8
ODDS Pacer BlueStar Digital Entertainment ETF 4.9 60 -35 2.3 -10.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 4.9 70 -45 7.7 -4.6
IMFL Invesco International Developed Dynamic Multifactor ETF 4.8 34 -9 5.9 -6.4
GBUY Goldman Sachs Future Consumer Equity ETF 4.8 75 -50 3.3 -9.0
ANEW ProShares MSCI Transformational Changes ETF 4.6 45 -20 3.6 -8.8
GLOF iShares Global Equity Factor ETF 4.6 20 5 7.0 -5.3
VPL Vanguard FTSE Pacific ETF 4.6 8 17 7.7 -4.6
KNCT Invesco Next Gen Connectivity ETF 4.6 40 -15 5.6 -6.7
MOTI VanEck Morningstar International Moat ETF 4.5 58 -33 5.9 -6.4
CARZ First Trust NASDAQ Global Auto Index Fund 4.4 70 -45 3.8 -8.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.3 65 -40 8.2 -4.2
CHIQ Global X MSCI China Consumer Discretionary ETF 4.3 65 -40 5.9 -6.4
SOCL Global X Social Media ETF 4.2 65 -40 -6.4 -18.7
BNGE First Trust S-Network Streaming and Gaming ETF 4.2 70 -45 -3.5 -15.8
JPIN J.P. Morgan Diversified Return International Equity ETF 4.1 37 -12 8.9 -3.4
UMMA Wahed Dow Jones Islamic World ETF 4.1 65 -40 4.6 -7.8
MRAD SmartETFs Advertising & Marketing Technology ETF 4.1 68 -43 5.5 -6.8
EIDO iShares MSCI Indonesia ETF 4.0 59 -34 7.5 -4.8
WTAI WisdomTree Artificial Intelligence and Innovation Fund 3.8 45 -20 3.1 -9.2
FLLA Franklin FTSE Latin America ETF 3.8 19 6 13.2 +0.8
DINT Davis Select International ETF 3.6 55 -30 6.0 -6.3
DWLD Davis Select Worldwide ETF 3.6 63 -38 6.7 -5.6
GVAL Cambria Global Value ETF 3.6 68 -43 13.1 +0.8
IDX VanEck Indonesia Index ETF 3.6 57 -32 8.8 -3.6
CGXU Capital Group International Focus Equity ETF 3.6 54 -29 4.9 -7.5
ARVR First Trust Indxx Metaverse ETF 3.5 70 -45 0.8 -11.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.4 20 5 5.2 -7.2
EMFQ Amplify Emerging Markets FinTech ETF 3.3 69 -44 5.3 -7.0
MOTG VanEck Morningstar Global Wide Moat ETF 3.2 52 -27 5.6 -6.7
FNDF Schwab Fundamental International Large Co. Index ETF 3.2 25 0 9.9 -2.5
DGT SPDR Global Dow ETF 3.1 50 -25 6.8 -5.5
XT iShares Exponential Technologies ETF 3.0 46 -21 4.8 -7.5
VIGI Vanguard International Dividend Appreciation ETF 3.0 15 10 6.4 -5.9
WWJD Inspire International ETF 3.0 80 -55 7.3 -5.0
KLMT Invesco MSCI Global Climate 500 ETF 3.0 10 15 5.4 -6.9
ACWI iShares MSCI ACWI ETF 2.9 32 -7 5.3 -7.0
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 2.9 68 -43 8.2 -4.1
IGRO iShares International Dividend Growth ETF 2.9 15 10 7.5 -4.8
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.9 78 -53 9.0 -3.3
HFXI IQ FTSE International Equity Currency Neutral ETF 2.7 20 5 7.1 -5.3
VT Vanguard Total World Stock ETF 2.7 7 18 5.5 -6.8
KSA iShares MSCI Saudi Arabia ETF 2.7 74 -49 5.6 -6.7
IBLC iShares Blockchain and Tech ETF 2.6 47 -22 -1.7 -14.0
INDF Nifty India Financials ETF 2.6 75 -50 5.3 -7.1
JSTC Adasina Social Justice All Cap Global ETF 2.6 89 -64 4.9 -7.4
RXI iShares Global Consumer Discretionary ETF 2.5 41 -16 5.4 -7.0
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 2.5 61 -36 1.2 -11.1
EWW iShares MSCI Mexico ETF 2.5 50 -25 13.2 +0.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.5 75 -50 2.9 -9.5
FDCF Fidelity Disruptive Communications ETF 2.4 50 -25 2.6 -9.8
CGV Conductor Global Equity Value ETF 2.4 130 -105 10.9 -1.4
FILL iShares MSCI Global Energy Producers ETF 2.4 39 -14 9.6 -2.7
IBUY Amplify Online Retail ETF 2.4 65 -40 1.4 -11.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.3 12 13 4.8 -7.5
GGME Invesco Next Gen Media and Gaming ETF 2.3 60 -35 3.5 -8.8
FDTX Fidelity Disruptive Technology ETF 2.3 50 -25 2.8 -9.6
GSIB Themes Global Systemically Important Banks ETF 2.3 35 -10 13.4 +1.1
FLSA Franklin FTSE Saudi Arabia ETF 2.2 39 -14 5.7 -6.6
UAE iShares MSCI UAE ETF 2.2 59 -34 8.4 -3.9
DWX SPDR S&P International Dividend ETF 2.2 45 -20 6.5 -5.9
TTAI FCF International Quality ETF 2.2 59 -34 5.6 -6.7
SDG iShares MSCI Global Sustainable Development Goals ETF 2.2 49 -24 5.6 -6.7
IXN iShares Global Tech ETF 2.2 41 -16 4.5 -7.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.1 45 -20 8.9 -3.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 2.1 12 13 8.3 -4.1
FLN First Trust Latin America AlphaDEX Fund 2.1 80 -55 8.4 -3.9
ASEA Global X FTSE Southeast Asia ETF 2.0 65 -40 6.3 -6.0
FLMX Franklin FTSE Mexico ETF 2.0 19 6 16.2 +3.9
UIVM VictoryShares International Value Momentum ETF 2.0 35 -10 11.0 -1.3
FLBR Franklin FTSE Brazil ETF 2.0 19 6 13.2 +0.9
FID First Trust S&P International Dividend Aristocrats ETF 2.0 60 -35 9.0 -3.4
WDIV SPDR S&P Global Dividend ETF 2.0 40 -15 9.4 -3.0
BTEK Future Tech ETF 2.0 88 -63 2.3 -10.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.9 9 16 5.4 -7.0
BUYZ Franklin Disruptive Commerce ETF 1.9 50 -25 1.8 -10.5
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.9 56 -31 13.5 +1.2
SCHF Schwab International Equity ETF 1.9 6 19 7.5 -4.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.9 80 -55 9.1 -3.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.9 24 1 8.7 -3.7
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.9 75 -50 4.6 -7.8
IDAT iShares Future Cloud 5G and Tech ETF 1.9 47 -22 4.3 -8.0
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.8 80 -55 12.3 -0.0
IGPT Invesco AI and Next Gen Software ETF 1.8 60 -35 3.8 -8.5
KURE KraneShares MSCI All China Health Care Index ETF 1.8 65 -40 4.3 -8.0
IOO iShares Global 100 ETF 1.8 41 -16 4.8 -7.5
CRAK VanEck Oil Refiners ETF 1.8 61 -36 14.7 +2.4
BLES Inspire Global Hope ETF 1.7 61 -36 6.4 -5.9
VEA Vanguard FTSE Developed Markets ETF 1.7 5 20 7.3 -5.0
GDVD R3 Global Dividend Growth ETF 1.6 88 -63 5.5 -6.8
QINT American Century Quality Diversified International ETF 1.6 39 -14 7.7 -4.6
FBZ First Trust Brazil AlphaDEX Fund 1.6 80 -55 13.3 +1.0
KOCG FIS Knights of Columbus Global Belief ETF 1.6 75 -50 5.0 -7.3
RGEF Rockefeller Global Equity ETF 1.6 55 -30 5.0 -7.4
SDIV Global X Superdividend ETF 1.6 58 -33 14.9 +2.6
EZA iShares MSCI South Africa ETF 1.6 58 -33 10.3 -2.0
ILF iShares Latin America 40 ETF 1.6 48 -23 10.4 -1.9
INCO Columbia India Consumer ETF 1.6 75 -50 1.5 -10.8
IXG iShares Global Financials ETF 1.5 42 -17 6.2 -6.1
OGIG ALPS O'Shares Global Internet Giants ETF 1.5 48 -23 1.9 -10.4
SATO Invesco Alerian Galaxy Crypto Economy ETF 1.5 61 -36 -2.4 -14.7
JGLO JPMorgan Global Select Equity ETF 1.5 33 -8 4.5 -7.9
EWZ iShares MSCI Brazil ETF 1.4 58 -33 10.4 -2.0
OBOR KraneShares MSCI One Belt One Road Index ETF 1.4 79 -54 10.3 -2.0
BWEB Bitwise Web3 ETF 1.4 85 -60 0.7 -11.6
DGIN VanEck Digital India ETF 1.4 71 -46 0.1 -12.2
IPKW Invesco International BuyBack Achievers ETF 1.3 55 -30 11.0 -1.3
GINN Goldman Sachs Innovate Equity ETF 1.3 52 -27 2.8 -9.6
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.3 65 -40 0.2 -12.1
AFK VanEck Africa Index ETF 1.3 98 -73 9.1 -3.2
WISE Themes Generative Artificial Intelligence ETF 1.3 35 -10 0.5 -11.8
FLHK Franklin FTSE Hong Kong ETF 1.2 9 16 6.8 -5.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.2 46 -21 9.3 -3.0
NDIA Global X India Active ETF 1.2 75 -50 7.2 -5.1
OND ProShares On-Demand ETF 1.2 58 -33 -2.2 -14.5
SMIN iShares MSCI India Small Cap ETF 1.1 79 -54 3.5 -8.9
GCOW Pacer Global Cash Cows Dividend ETF 1.1 60 -35 12.5 +0.2
MVPS Amplify Thematic All-Stars ETF 1.1 49 -24 2.7 -9.7
CGIE Capital Group International Equity ETF 1.1 54 -29 4.9 -7.4
PICK iShares MSCI Global Metals & Mining Producers ETF 1.1 39 -14 12.8 +0.5
VEGI iShares MSCI Agriculture Producers ETF 1.1 39 -14 9.2 -3.1
IPAV Global X Infrastructure Development ex-U.S. ETF 1.1 55 -30 9.7 -2.6
FTRI First Trust Indxx Global Natural Resources Income ETF 1.1 70 -45 9.8 -2.6
HERO Global X Video Games & Esports ETF 1.1 50 -25 4.4 -7.9
QTUM Defiance Quantum ETF 1.0 40 -15 3.6 -8.7
SNSR Global X Internet of Things ETF 1.0 68 -43 4.6 -7.7
TPIF Timothy Plan International ETF 1.0 62 -37 6.8 -5.5
BIGFX Baron International Growth Retail 1.0 75 -50 3.1 -9.2
EBIZ Global X E-Commerce ETF 1.0 50 -25 2.1 -10.3
CGUS Capital Group Core Equity ETF 0.9 33 -8 4.4 -7.9
PGJ Invesco Golden Dragon China ETF 0.9 70 -45 4.9 -7.4
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.9 80 -55 10.8 -1.5
ISHP First Trust Nasdaq Retail ETF 0.9 60 -35 2.9 -9.5
ONLN ProShares Online Retail ETF 0.9 58 -33 3.3 -9.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.9 58 -33 5.0 -7.3
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.9 35 -10 4.6 -7.7
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 0.9 57 -32 5.9 -6.4
XNTK SPDR NYSE Technology ETF 0.9 35 -10 4.2 -8.2
QNXT iShares Nasdaq-100 ex Top 30 ETF 0.9 20 5 5.2 -7.1
LIVR Intelligent Livermore ETF 0.9 69 -44 6.0 -6.3
FPXI First Trust International Equity Opportunities ETF 0.9 70 -45 4.9 -7.4
EWH iShares MSCI Hong Kong ETF 0.8 50 -25 6.2 -6.1
FYLD Cambria Foreign Shareholder Yield ETF 0.8 59 -34 13.6 +1.3
JHID John Hancock International High Dividend ETF 0.8 46 -21 11.3 -1.0
WUGI AXS Esoterica NextG Economy ETF 0.8 75 -50 2.5 -9.8
DTCR Global X Data Center & Digital Infrastructure ETF 0.8 50 -25 4.7 -7.7
LOUP Innovator Deepwater Frontier Tech ETF 0.8 70 -45 1.3 -11.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.8 7 18 6.7 -5.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.8 49 -24 7.0 -5.3
IDV iShares International Select Dividend ETF 0.8 51 -26 12.2 -0.1
CIL VictoryShares International Volatility Wtd ETF 0.8 45 -20 7.0 -5.3
SPDW SPDR Portfolio Developed World ex-US ETF 0.8 3 22 7.2 -5.1
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 0.7 51 -26 7.1 -5.2
TRFM AAM Transformers ETF 0.6 49 -24 2.0 -10.3
OSEA Harbor International Compounders ETF 0.6 55 -30 4.3 -8.1
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.6 86 -61 1.2 -11.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.6 65 -40 12.8 +0.4
APIE ActivePassive International Equity ETF 0.6 45 -20 8.1 -4.2
GREK Global X MSCI Greece ETF 0.6 57 -32 -4.0 -16.3
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.5 80 -55 3.2 -9.1
IXC iShares Global Energy ETF 0.5 44 -19 8.7 -3.6
CCNR ALPS CoreCommodity Natural Resources ETF 0.5 39 -14 11.0 -1.3
JFWD Jacob Forward ETF 0.5 75 -50 0.0 -12.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.5 65 -40 8.2 -4.2
SRVR Pacer Data & Infrastructure Real Estate ETF 0.5 55 -30 1.9 -10.4
WTRE WisdomTree New Economy Real Estate Fund 0.5 58 -33 0.3 -12.0
QQQ Invesco QQQ Trust Series I 0.5 20 5 4.5 -7.8
DRIV Global X Autonomous & Electric Vehicles ETF 0.5 68 -43 4.8 -7.5
MOTO SmartETFs Smart Transportation & Technology ETF 0.5 68 -43 7.3 -5.0
QQQM Invesco NASDAQ 100 ETF 0.5 15 10 4.6 -7.7
EWM iShares MSCI Malaysia ETF 0.5 50 -25 5.5 -6.8
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.5 46 -21 4.9 -7.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.5 47 -22 5.5 -6.9
FPAG FPA Global Equity ETF 0.5 49 -24 5.4 -6.9
BATT Amplify Lithium & Battery Technology ETF 0.4 59 -34 -0.1 -12.4
CTEC Global X CleanTech ETF 0.4 50 -25 2.9 -9.4
SMOG VanEck Low Carbon Energy ETF 0.4 61 -36 2.4 -10.0
THD iShares MSCI Thailand ETF 0.4 58 -33 6.1 -6.2
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.4 45 -20 -0.6 -12.9
IDHQ Invesco S&P International Developed High Quality ETF 0.4 29 -4 6.5 -5.9
INTF iShares International Equity Factor ETF 0.4 15 10 8.2 -4.2
BRAZ Global X Brazil Active ETF 0.4 75 -50 10.1 -2.2
ECNS iShares MSCI China Small-Cap ETF 0.4 59 -34 14.2 +1.9
IDRV iShares Self-driving EV & Tech ETF 0.4 47 -22 -0.4 -12.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.4 29 -4 8.6 -3.7
ECH iShares MSCI Chile ETF 0.4 58 -33 9.8 -2.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.4 10 15 7.7 -4.7
IHAK iShares Cybersecurity & Tech ETF 0.4 47 -22 3.2 -9.1
NERD Roundhill Video Games ETF 0.4 50 -25 7.1 -5.2
CGDG Capital Group Dividend Growers ETF 0.4 47 -22 6.6 -5.7
DTAN Sparkline International Intangible Value ETF 0.4 55 -30 9.2 -3.2
CLNR IQ Cleaner Transport ETF 0.4 45 -20 6.8 -5.5
EPP iShares MSCI Pacific ex-Japan ETF 0.3 47 -22 4.9 -7.4
OAIM OneAscent International Equity ETF 0.3 95 -70 5.1 -7.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 -14 7.2 -5.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.3 32 -7 6.0 -6.4
FBCG Fidelity Blue Chip Growth ETF 0.3 59 -34 2.8 -9.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 4 3.8 -8.5
AVIV Avantis International Large Cap Value ETF 0.3 25 0 9.0 -3.4
ICOP iShares Copper and Metals Mining ETF 0.3 47 -22 10.1 -2.2
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.3 19 6 5.4 -6.9
BETZ Roundhill Sports Betting & iGaming ETF 0.3 75 -50 1.6 -10.7
BJK VanEck Gaming ETF 0.3 65 -40 1.4 -10.9
RFDI First Trust Riverfront Dynamic Developed International ETF 0.3 83 -58 10.0 -2.4
RFEU First Trust Riverfront Dynamic Europe ETF 0.3 83 -58 11.1 -1.2
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 5 4.7 -7.6
ARTY iShares Future AI & Tech ETF 0.3 47 -22 3.8 -8.5
INQQ India Internet & Ecommerce ETF 0.3 86 -61 2.6 -9.8
LVHI Franklin International Low Volatility High Dividend Index ET 0.2 40 -15 10.1 -2.2
IVLU iShares MSCI Intl Value Factor ETF 0.2 30 -5 11.4 -0.9
DIHP Dimensional International High Profitability ETF 0.2 29 -4 7.6 -4.7
COPX Global X Copper Miners ETF 0.2 65 -40 8.2 -4.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.2 25 0 7.2 -5.1
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.2 50 -25 5.7 -6.6
AGMI Themes Silver Miners ETF 0.2 35 -10 4.5 -7.8
DFIV Dimensional International Value ETF 0.2 27 -2 10.0 -2.3
AVDE Avantis International Equity ETF 0.2 23 2 8.1 -4.3
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.2 9 16 9.9 -2.4
EWZS iShares MSCI Brazil Small-Cap ETF 0.2 59 -34 10.9 -1.5
TMFG Motley Fool Global Opportunities ETF 0.2 85 -60 3.2 -9.1
LYLD Cambria Large Cap Shareholder Yield ETF 0.2 59 -34 9.1 -3.2
IMOM Alpha Architect International Quantitative Momentum ETF 0.2 49 -24 5.7 -6.6
IQIN IQ 500 International ETF 0.2 25 0 9.2 -3.1
IVAL Alpha Architect International Quantitative Value ETF 0.2 49 -24 9.5 -2.8
SCZ iShares MSCI EAFE Small-Cap ETF 0.2 40 -15 6.6 -5.7
EFRA iShares Environmental Infrastructure and Industrials ETF 0.2 47 -22 4.9 -7.4
BNE Blue Horizon BNE ETF 0.2 87 -62 4.6 -7.7
IPAC iShares Core MSCI Pacific ETF 0.2 9 16 7.2 -5.1
PNQI Invesco NASDAQ Internet ETF 0.2 60 -35 2.3 -10.0
BECO BlackRock Future Climate and Sustainable Economy ETF 0.1 70 -45 11.9 -0.4
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.1 39 -14 -1.7 -14.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 -33 4.6 -7.7
IDOG ALPS International Sector Dividend Dogs ETF 0.1 50 -25 12.8 +0.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.1 72 -47 1.0 -11.3
LIT Global X Lithium & Battery Tech ETF 0.1 75 -50 9.1 -3.2
MXI iShares Global Materials ETF 0.1 41 -16 7.0 -5.3
OCEN IQ Clean Oceans ETF 0.1 45 -20 6.1 -6.3
PBD Invesco Global Clean Energy ETF 0.1 75 -50 -5.3 -17.6
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.1 79 -54 5.1 -7.2
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.1 45 -20 5.7 -6.6
NTZG Nuveen Global Net Zero Transition ETF 0.1 56 -31 4.7 -7.6
BLLD JPMorgan Sustainable Infrastructure ETF 0.1 49 -24 5.7 -6.6
ETEC iShares Breakthrough Environmental Solutions ETF 0.1 47 -22 8.0 -4.3
EV Mast Global Battery Recycling & Production ETF 0.1 65 -40 12.2 -0.1
FENI Fidelity Enhanced International ETF 0.1 28 -3 8.1 -4.3
IBAT iShares Energy Storage & Materials ETF 0.1 47 -22 3.1 -9.2
VGSR Vert Global Sustainable Real Estate ETF 0.1 47 -22 5.6 -6.7
JETS U.S. Global Jets ETF 0.1 60 -35 -13.3 -25.6
QAT iShares MSCI Qatar ETF 0.1 59 -34 9.4 -2.9
KXI iShares Global Consumer Staples ETF 0.1 41 -16 5.7 -6.6
MOO VanEck Agribusiness ETF 0.1 53 -28 9.7 -2.6
DFIC Dimensional International Core Equity 2 ETF 0.1 23 2 7.7 -4.6
DFAI Dimensional International Core Equity Market ETF 0.1 18 7 7.3 -5.0
GINX SGI Enhanced Global Income ETF 0.1 98 -73 5.6 -6.7
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.1 56 -31 1.1 -11.2
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 13 5.5 -6.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 -14 7.5 -4.8
BRF VanEck Brazil Small-Cap ETF 0.1 66 -41 9.7 -2.6
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 -5 6.3 -6.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -50 4.3 -8.1
DFGR Dimensional Global Real Estate ETF 0.1 22 3 6.2 -6.1
IDEV iShares Core MSCI International Developed Markets ETF 0.1 4 21 7.1 -5.2
IEFA iShares Core MSCI EAFE ETF 0.1 7 18 7.1 -5.2
BKIE BNY Mellon International Equity ETF 0.1 4 21 7.1 -5.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 5 7.0 -5.3
EFV iShares MSCI EAFE Value ETF 0.1 34 -9 9.4 -2.9
FTAG First Trust Indxx Global Agriculture ETF 0.1 70 -45 9.7 -2.7
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.1 9 16 4.9 -7.4
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 -10 5.1 -7.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.0 20 5 6.5 -5.8
EFA iShares MSCI EAFE ETF 0.0 35 -10 6.9 -5.4
CUT Invesco MSCI Global Timber ETF 0.0 61 -36 8.4 -3.9
SCHC Schwab International Small-Cap Equity ETF 0.0 11 14 6.6 -5.7
WOOD iShares Global Timber & Forestry ETF 0.0 42 -17 9.8 -2.6
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.0 10 15 5.3 -7.0
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 -5 7.3 -5.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.0 36 -11 6.6 -5.7
EFG iShares MSCI EAFE Growth ETF 0.0 36 -11 4.5 -7.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.0 7 18 4.9 -7.4
TINT ProShares Smart Materials ETF 0.0 58 -33 6.4 -5.9
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 1 6.5 -5.8
BKLC BNY Mellon US Large Cap Core Equity ETF 0.0 0 25 5.0 -7.3
GWX SPDR S&P International Small Cap ETF 0.0 40 -15 6.5 -5.8
REET iShares Global REIT ETF 0.0 14 11 6.2 -6.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 -14 7.4 -4.9
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 14 4.9 -7.4
RVRB Reverb ETF 0.0 30 -5 4.7 -7.6
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 -5 5.9 -6.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 16 5.2 -7.1
TOK iShares MSCI Kokusai ETF 0.0 26 -1 5.0 -7.3
URTH iShares MSCI World ETF 0.0 24 1 5.2 -7.1
CGGO Capital Group Global Growth Equity ETF 0.0 47 -22 4.6 -7.7

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 13.7 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 12.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.49 CATEGORY
AVERAGE		 1.48
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.