Fidelity Emerging Markets Multifactor ETF
ALTAR
Score™		 12.0% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 10.3x P/Sales
ratio		 1.0x
P/BV
ratio		 1.2x Div.
yield		 3.1%


  • 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) $274
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 246
Wgt avg mkt cap (mns) $223,288
Large cap (>$10bn) 59.0%
Mid cap ($2-10bn) 38.3%
Small cap (<$2bn) 1.5%
Developed mkts 7.3%
Emerging mkts 92.7%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 9.8 %
TENCENT HOLDINGS LTD 6.6 %
SAMSUNG ELECTRONICS CO LTD 2.9 %
ALIBABA GROUP HOLDING LTD. 2.5 %
JIANGXI COPPER COMPANY LTD-H 1.9 %
KIMBERLY-CLARK DE MEXICO-A 1.5 %
THE UNITED LABORATORIES INTE 1.5 %
PETROCHINA CO LTD-H 1.4 %
VALE SA 1.3 %
HYUNDAI STEEL CO 1.2 %
Total 30.7 %

TOP COUNTRY EXPOSURE
CHINA 26.7 %
TAIWAN 19.8 %
INDIA 14.5 %
SOUTH KOREA 12.2 %
HONG KONG 5.3 %
BRAZIL 5.1 %
INDONESIA 4.5 %
SAUDI ARABIA 3.6 %
MALAYSIA 3.0 %
HUNGARY 2.8 %

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.
22.7% 18.6% 9.0% -- 6.3%

Market Correlations
versus... Beta R-squared
S&P500 0.63 44%
MSCI EAFE 0.59 50%
MSCI Emg. Mkts. 0.60 59%

Technical Indicators
Recent close $30.41
30d moving avg. $30.64
Annualized volatility 12.4%
Short interest (ETF) 0.9%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 134
Turnover 1.5%
Bid/Ask (% of price) 0.60%
ADV underlying (mns) $7,084

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 433 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™: 12.0%


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 46.2 45 -20 9.5 -2.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 44.4 66 -41 8.9 -3.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 44.0 15 10 9.6 -2.5
BKEM BNY Mellon Emerging Markets Equity ETF 43.8 11 14 9.2 -2.8
JHEM John Hancock Multifactor Emerging Markets ETF 43.5 49 -24 9.4 -2.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 43.2 36 -11 9.0 -3.0
FLAX Franklin FTSE Asia Ex Japan ETF 43.1 19 6 8.4 -3.7
ECON Columbia Emerging Markets Consumer ETF 43.0 49 -24 11.6 -0.4
EEMA iShares MSCI Emerging Markets Asia ETF 42.0 49 -24 9.0 -3.0
EMGF iShares Emerging Markets Equity Factor ETF 41.8 25 0 10.7 -1.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 41.2 30 -5 9.8 -2.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 40.7 15 10 7.4 -4.6
EEM iShares MSCI Emerging Markets ETF 40.3 69 -44 9.4 -2.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 40.3 70 -45 8.4 -3.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 40.3 33 -8 9.2 -2.8
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 39.0 40 -15 6.6 -5.4
ESGE iShares ESG Aware MSCI EM ETF 38.5 25 0 9.3 -2.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 38.4 32 -7 8.4 -3.6
IEMG iShares Core MSCI Emerging Markets ETF 36.9 9 16 9.7 -2.3
SCHE Schwab Emerging Markets Equity ETF 36.3 11 14 10.5 -1.6
VWO Vanguard FTSE Emerging Markets ETF 35.0 7 18 10.1 -1.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 34.9 20 5 9.8 -2.3
DFAE Dimensional Emerging Core Equity Market ETF 34.7 35 -10 8.6 -3.5
PXH Invesco FTSE RAFI Emerging Markets ETF 34.6 49 -24 14.8 +2.8
AIA iShares Asia 50 ETF 34.3 50 -25 12.7 +0.7
SPEM SPDR Portfolio Emerging Markets ETF 33.7 7 18 10.3 -1.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 33.3 24 1 7.2 -4.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 32.9 30 -5 9.0 -3.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 31.9 39 -14 15.4 +3.3
JADE JPMorgan Active Developing Markets Equity ETF 31.6 65 -40 7.6 -4.4
XC WisdomTree Emerging Markets Ex-China Fund 31.2 32 -7 5.4 -6.7
EMXC iShares MSCI Emerging Markets ex China ETF 31.1 25 0 6.9 -5.1
STXE Strive Emerging Markets Ex-China ETF 30.4 32 -7 7.3 -4.7
ROAM Hartford Multifactor Emerging Markets ETF 30.2 44 -19 11.1 -1.0
MEM Matthews Emerging Markets Equity Active ETF 30.2 79 -54 7.3 -4.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 29.9 95 -70 10.9 -1.1
DEHP Dimensional Emerging Markets High Profitability ETF 29.9 41 -16 6.4 -5.7
XCEM Columbia EM Core ex-China ETF 29.8 16 9 7.6 -4.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 29.4 59 -34 8.6 -3.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 29.2 32 -7 6.3 -5.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 28.2 38 -13 8.6 -3.5
EMMF WisdomTree Emerging Markets Multifactor Fund 28.1 48 -23 7.0 -5.1
GMF SPDR S&P Emerging Asia Pacific ETF 27.9 49 -24 9.4 -2.7
LDEM iShares ESG MSCI EM Leaders ETF 27.5 17 8 13.8 +1.8
MINV Matthews Asia Innovators Active ETF 27.0 79 -54 7.0 -5.0
BKF iShares MSCI BIC ETF 26.9 69 -44 12.9 +0.9
NUEM Nuveen ESG Emerging Markets Equity ETF 26.8 36 -11 7.2 -4.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 26.5 50 -25 10.2 -1.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 26.2 41 -16 8.2 -3.9
XCNY SPDR S&P Emerging Markets ex-China ETF 26.1 15 10 7.2 -4.8
EMDM First Trust Bloomberg Emerging Market Democracies ETF 26.1 75 -50 9.5 -2.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 24.7 44 -19 10.4 -1.6
EMXF iShares ESG Advanced MSCI EM ETF 24.6 16 9 7.9 -4.1
PATN Pacer Nasdaq International Patent Leaders ETF 23.8 65 -40 5.4 -6.7
AVEM Avantis Emerging Markets Equity ETF 23.2 33 -8 8.2 -3.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 23.0 25 0 6.4 -5.6
RNEM First Trust Emerging Markets Equity Select ETF 22.7 75 -50 8.3 -3.7
EVLU iShares MSCI Emerging Markets Value Factor ETF 22.6 35 -10 16.2 +4.1
DEXC Dimensional Emerging Markets ex China Core EquityETF 22.3 53 -28 7.2 -4.8
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 22.1 88 -63 7.8 -4.3
GXC SPDR S & P China ETF 21.1 59 -34 15.8 +3.7
FLCH Franklin FTSE China ETF 21.0 19 6 15.4 +3.4
MCHI iShares MSCI China ETF 21.0 59 -34 16.7 +4.7
FXI iShares China Large-Cap ETF 20.7 74 -49 16.7 +4.7
KALL KraneShares MSCI All China Index ETF 20.5 49 -24 12.7 +0.7
UEVM VictoryShares Emerging Markets Value Momentum ETF 20.0 45 -20 10.1 -1.9
FTHF First Trust Emerging Markets Human Flourishing ETF 19.1 75 -50 9.1 -2.9
AVSE Avantis Responsible Emerging Markets Equity ETF 18.9 33 -8 7.9 -4.2
DFEV Dimensional Emerging Markets Value ETF 18.7 43 -18 11.9 -0.1
FLTW Franklin FTSE Taiwan ETF 17.7 19 6 6.0 -6.0
EEMO Invesco S&P Emerging Markets Momentum ETF 17.6 29 -4 7.5 -4.5
EWT iShares MSCI Taiwan ETF 17.1 58 -33 5.8 -6.2
FEM First Trust Emerging Markets AlphaDEX Fund 16.8 80 -55 11.4 -0.6
DEM WisdomTree Emerging Markets High Dividend Fund 16.6 63 -38 12.7 +0.7
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 16.4 60 -35 10.4 -1.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 16.4 29 -4 8.9 -3.2
MCH Matthews China Active ETF 15.1 79 -54 14.0 +2.0
JCHI JPMorgan Active China ETF 14.5 65 -40 14.4 +2.4
EMC Global X Emerging Markets Great Consumer ETF 14.2 75 -50 7.4 -4.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 14.0 32 -7 13.6 +1.6
AVES Avantis Emerging Markets Value ETF 14.0 36 -11 10.7 -1.3
ACWX iShares MSCI ACWI ex U.S. ETF 13.8 34 -9 7.3 -4.7
RODE Hartford Multifactor Diversified International ETF 13.8 29 -4 10.4 -1.7
JIG JPMorgan International Growth ETF 13.5 55 -30 4.7 -7.3
KNCT Invesco Next Gen Connectivity ETF 13.5 40 -15 4.6 -7.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 13.5 18 7 7.2 -4.8
VSGX Vanguard ESG International Stock ETF 13.5 10 15 7.5 -4.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 13.4 41 -16 7.1 -5.0
KWEB KraneShares CSI China Internet ETF 13.3 69 -44 25.9 +13.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 12.9 86 -61 14.2 +2.2
VEU Vanguard FTSE All-World ex-US Index Fund 12.9 4 21 7.7 -4.4
KTEC KraneShares Hang Seng TECH Index ETF 12.9 69 -44 20.0 +8.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 12.7 33 -8 8.0 -4.0
FRDM Freedom 100 Emerging Markets ETF 12.6 49 -24 7.2 -4.8
CHAT Roundhill Generative AI & Technology ETF 12.4 75 -50 7.8 -4.2
DVYE iShares Emerging Markets Dividend ETF 12.3 49 -24 17.7 +5.7
FDNI First Trust Dow Jones International Internet ETF 12.3 65 -40 22.7 +10.7
VXUS Vanguard Total International Stock ETF 12.2 5 20 7.6 -4.4
IXUS iShares Core MSCI Total International Stock ETF 12.2 7 18 7.5 -4.5
TCHI iShares MSCI China Multisector Tech ETF 11.9 59 -34 17.0 +5.0
WRND IQ Global Equity R&D Leaders ETF 11.7 18 7 7.5 -4.5
JIVE JPMorgan International Value ETF 11.7 55 -30 10.7 -1.3
IQDF FlexShares International Quality Dividend Index Fund 11.6 47 -22 8.4 -3.6
IVES Wedbush ETFMG Global Cloud Technology ETF 11.5 68 -43 6.2 -5.9
FLIN Franklin FTSE India ETF 11.4 19 6 4.0 -8.1
INDA iShares MSCI India ETF 10.7 65 -40 4.5 -7.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 10.6 47 -22 7.8 -4.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 10.3 70 -45 11.8 -0.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 10.2 42 -17 6.3 -5.7
EYLD Cambria Emerging Shareholder Yield ETF 10.2 66 -41 11.6 -0.5
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 10.0 90 -65 4.9 -7.2
EPI WisdomTree India Earnings Fund 10.0 85 -60 4.8 -7.2
FLKR Franklin FTSE South Korea ETF 9.8 9 16 7.2 -4.8
AIVC Amplify Bloomberg AI Value Chain ETF 9.7 59 -34 5.9 -6.2
NFTY First Trust India NIFTY 50 Equal Weight ETF 9.7 80 -55 4.6 -7.4
VIDI Vident International Equity Strategy ETF 9.4 61 -36 10.4 -1.6
INDY iShares India 50 ETF 9.4 89 -64 4.9 -7.1
PIN Invesco India ETF 9.2 78 -53 4.6 -7.4
IXN iShares Global Tech ETF 9.0 41 -16 3.5 -8.5
FMET Fidelity Metaverse ETF 8.8 39 -14 4.8 -7.2
MOTI VanEck Morningstar International Moat ETF 8.6 58 -33 10.8 -1.3
EWY iShares MSCI South Korea ETF 8.5 58 -33 6.5 -5.6
CQQQ Invesco China Technology ETF 8.3 70 -45 15.5 +3.5
CWI SPDR MSCI ACWI ex-US ETF 8.3 30 -5 7.5 -4.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 7.9 30 -5 7.5 -4.6
FBOT Fidelity Disruptive Automation ETF 7.9 50 -25 3.5 -8.6
CGRO CoreValues Alpha Greater China Growth ETF 7.8 75 -50 3.6 -8.4
ESPO VanEck Video Gaming and eSports ETF 7.8 56 -31 5.3 -6.8
ODDS Pacer BlueStar Digital Entertainment ETF 7.8 60 -35 2.8 -9.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 7.6 67 -42 14.6 +2.6
ACWV iShares MSCI Global Min Vol Factor ETF 7.5 20 5 5.9 -6.1
MOTG VanEck Morningstar Global Wide Moat ETF 7.4 52 -27 8.9 -3.1
VYMI Vanguard International High Dividend Yield ETF 7.3 17 8 9.0 -3.0
AIQ Global X Artificial Intelligence & Technology ETF 7.2 68 -43 3.7 -8.3
NXTG First Trust Indxx NextG ETF 6.9 70 -45 5.0 -7.0
FLLA Franklin FTSE Latin America ETF 6.9 19 6 12.2 +0.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 6.8 80 -55 9.5 -2.6
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 6.8 75 -50 3.5 -8.5
METV Roundhill Ball Metaverse ETF 6.7 59 -34 9.3 -2.7
SOCL Global X Social Media ETF 6.6 65 -40 11.1 -0.9
BNGE First Trust S-Network Streaming and Gaming ETF 6.5 70 -45 2.8 -9.2
CGXU Capital Group International Focus Equity ETF 6.4 54 -29 5.5 -6.6
IVRS iShares Future Metaverse Tech and Communications ETF 6.2 47 -22 3.2 -8.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 6.1 60 -35 10.7 -1.4
IXP iShares Global Comm Services ETF 6.1 42 -17 5.8 -6.3
GLIN VanEck India Growth Leaders ETF 6.1 77 -52 5.7 -6.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 5.8 60 -35 7.9 -4.1
FLN First Trust Latin America AlphaDEX Fund 5.7 80 -55 10.9 -1.2
CHIQ Global X MSCI China Consumer Discretionary ETF 5.6 65 -40 14.5 +2.4
EDIV SPDR S&P Emerging Markets Dividend ETF 5.6 49 -24 9.3 -2.7
GVAL Cambria Global Value ETF 5.5 68 -43 10.4 -1.6
ICOW Pacer Developed Markets International Cash Cows 100 ETF 5.5 65 -40 10.2 -1.9
FEOE First Eagle Overseas Equity ETF 5.4 79 -54 7.0 -5.0
EMM Global X Emerging Markets ex-China ETF 5.3 75 -50 7.1 -4.9
FCA First Trust China AlphaDEX Fund 5.3 80 -55 9.0 -3.0
SCHY Schwab International Dividend Equity ETF 5.3 14 11 9.2 -2.8
VPL Vanguard FTSE Pacific ETF 5.3 7 18 6.3 -5.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 5.2 58 -33 9.4 -2.6
IMFL Invesco International Developed Dynamic Multifactor ETF 5.1 34 -9 5.6 -6.5
CLNR IQ Cleaner Transport ETF 5.1 45 -20 5.0 -7.0
ANEW ProShares MSCI Transformational Changes ETF 5.1 45 -20 5.2 -6.8
KLMT Invesco MSCI Global Climate 500 ETF 5.1 10 15 5.6 -6.4
LEGR First Trust Indxx Innovative Transaction & Process ETF 5.1 65 -40 8.1 -3.9
FLBR Franklin FTSE Brazil ETF 5.1 19 6 13.4 +1.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 5.0 75 -50 2.9 -9.1
ACWI iShares MSCI ACWI ETF 4.9 32 -7 5.4 -6.7
DEW WisdomTree Global High Dividend Fund 4.9 58 -33 8.2 -3.8
JSTC Adasina Social Justice All Cap Global ETF 4.8 89 -64 5.0 -7.0
XT iShares Exponential Technologies ETF 4.6 46 -21 4.6 -7.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.6 20 5 5.5 -6.5
SDIV Global X Superdividend ETF 4.6 58 -33 41.6 +29.6
ICPY Tweedy, Browne International Insider Value ETF 4.6 80 -55 0.0 -12.0
RXI iShares Global Consumer Discretionary ETF 4.6 41 -16 8.3 -3.8
DSTX Distillate International Fundamental Stability & Value ETF 4.5 55 -30 7.5 -4.5
AGQI First Trust Active Global Quality Income ETF 4.5 85 -60 4.5 -7.5
VT Vanguard Total World Stock ETF 4.4 6 19 5.7 -6.3
GLOF iShares Global Equity Factor ETF 4.4 20 5 6.6 -5.4
JPIN J.P. Morgan Diversified Return International Equity ETF 4.4 37 -12 7.8 -4.2
FNDF Schwab Fundamental International Large Co. Index ETF 4.3 25 0 8.9 -3.1
UMMA Wahed Dow Jones Islamic World ETF 4.2 65 -40 4.8 -7.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 4.2 80 -55 8.5 -3.6
WWJD Inspire International ETF 4.2 80 -55 7.0 -5.0
EWZ iShares MSCI Brazil ETF 4.1 58 -33 11.7 -0.3
IBLC iShares Blockchain and Tech ETF 4.1 47 -22 -1.6 -13.7
FEGE First Eagle Global Equity ETF 4.1 79 -54 6.5 -5.6
CARZ First Trust NASDAQ Global Auto Index Fund 4.0 70 -45 4.2 -7.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 4.0 12 13 5.1 -6.9
WTAI WisdomTree Artificial Intelligence and Innovation Fund 3.9 45 -20 2.6 -9.4
COPY Tweedy, Browne Insider + Value ETF 3.9 80 -55 11.7 -0.3
IDX VanEck Indonesia Index ETF 3.9 57 -32 7.0 -5.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.8 45 -20 8.3 -3.7
OAIM OneAscent International Equity ETF 3.8 95 -70 5.5 -6.6
ARVR First Trust Indxx Metaverse ETF 3.7 70 -45 4.2 -7.9
DGT State Street SPDR Global Dow ETF 3.5 50 -25 6.6 -5.5
FLSA Franklin FTSE Saudi Arabia ETF 3.4 39 -14 0.0 -12.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.3 78 -53 8.9 -3.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 3.3 56 -31 10.2 -1.8
INCO Columbia India Consumer ETF 3.3 75 -50 1.7 -10.3
ASEA Global X FTSE Southeast Asia ETF 3.2 65 -40 6.2 -5.8
KSA iShares MSCI Saudi Arabia ETF 3.1 74 -49 0.0 -12.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 3.1 70 -45 7.5 -4.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.0 46 -21 9.5 -2.6
INDF Nifty India Financials ETF 3.0 75 -50 6.7 -5.3
EWM iShares MSCI Malaysia ETF 2.9 50 -25 6.3 -5.7
DINT Davis Select International ETF 2.9 55 -30 7.7 -4.3
DWLD Davis Select Worldwide ETF 2.9 63 -38 7.2 -4.9
FDTX Fidelity Disruptive Technology ETF 2.9 50 -25 2.6 -9.4
GKAT Scharf Global Opportunity ETF 2.9 57 -32 6.1 -6.0
GSIB Themes Global Systemically Important Banks ETF 2.8 35 -10 9.1 -2.9
UIVM VictoryShares International Value Momentum ETF 2.8 35 -10 8.2 -3.8
IGPT Invesco AI and Next Gen Software ETF 2.7 60 -35 4.4 -7.6
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.6 65 -40 2.0 -10.0
HFXI IQ FTSE International Equity Currency Neutral ETF 2.6 20 5 6.5 -5.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.6 24 1 7.2 -4.9
IGRO iShares International Dividend Growth ETF 2.5 15 10 7.0 -5.0
GEW Cambria Global EW ETF 2.5 29 -4 0.0 -12.0
TUR iShares MSCI Turkey ETF 2.5 58 -33 17.3 +5.3
SCHF Schwab International Equity ETF 2.4 6 19 6.8 -5.2
RGEF Rockefeller Global Equity ETF 2.4 55 -30 4.5 -7.5
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 2.4 80 -55 13.9 +1.9
VEA Vanguard FTSE Developed Markets ETF 2.3 3 22 6.8 -5.2
BLES Inspire Global Hope ETF 2.3 61 -36 6.8 -5.2
DWX SPDR S&P International Dividend ETF 2.3 45 -20 7.2 -4.9
FID First Trust S&P International Dividend Aristocrats ETF 2.3 60 -35 7.5 -4.5
WDIV SPDR S&P Global Dividend ETF 2.3 40 -15 8.8 -3.2
IOO iShares Global 100 ETF 2.3 41 -16 4.5 -7.5
JGLO JPMorgan Global Select Equity ETF 2.3 33 -8 5.0 -7.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.2 9 16 5.6 -6.5
CHPX Global X AI Semiconductor & Quantum ETF 2.2 50 -25 3.2 -8.8
DGIN VanEck Digital India ETF 2.2 71 -46 1.8 -10.2
GGME Invesco Next Gen Media and Gaming ETF 2.1 60 -35 4.9 -7.1
NDIA Global X India Active ETF 2.1 75 -50 5.2 -6.8
VIGI Vanguard International Dividend Appreciation ETF 2.1 10 15 6.4 -5.7
SDG iShares MSCI Global Sustainable Development Goals ETF 2.0 49 -24 4.9 -7.1
EWW iShares MSCI Mexico ETF 2.0 50 -25 9.2 -2.8
ARTY iShares Future AI & Tech ETF 2.0 47 -22 3.7 -8.3
IXG iShares Global Financials ETF 2.0 42 -17 6.6 -5.4
FPXI First Trust International Equity Opportunities ETF 2.0 70 -45 4.3 -7.7
FDCF Fidelity Disruptive Communications ETF 2.0 50 -25 4.3 -7.7
PICK iShares MSCI Global Metals & Mining Producers ETF 2.0 39 -14 10.8 -1.3
OGIG ALPS O'Shares Global Internet Giants ETF 2.0 48 -23 2.4 -9.7
AVEE Avantis Emerging Markets Small Cap Equity ETF 2.0 42 -17 9.6 -2.4
EIDO iShares MSCI Indonesia ETF 1.9 59 -34 7.6 -4.5
QTUM Defiance Quantum ETF 1.9 40 -15 5.4 -6.7
OND ProShares On-Demand ETF 1.9 58 -33 -0.5 -12.5
COPX Global X Copper Miners ETF 1.9 65 -40 5.6 -6.5
COPA Themes Copper Miners ETF 1.9 35 -10 4.4 -7.6
VEGI iShares MSCI Agriculture Producers ETF 1.9 39 -14 9.1 -2.9
IPAV Global X Infrastructure Development ex-U.S. ETF 1.7 55 -30 6.8 -5.3
IBUY Amplify Online Retail ETF 1.6 65 -40 2.7 -9.3
AIS VistaShares Artificial Intelligence Supercycle ETF 1.6 75 -50 2.7 -9.3
HUMN Roundhill Humanoid Robotics ETF 1.6 75 -50 2.0 -10.1
DTCR Global X Data Center & Digital Infrastructure ETF 1.6 50 -25 3.9 -8.1
FLMX Franklin FTSE Mexico ETF 1.6 19 6 9.8 -2.3
FLHK Franklin FTSE Hong Kong ETF 1.6 9 16 4.3 -7.7
IDV iShares International Select Dividend ETF 1.5 51 -26 9.9 -2.1
TTAI FCF International Quality ETF 1.5 59 -34 7.3 -4.7
CGV Conductor Global Equity Value ETF 1.5 130 -105 7.8 -4.2
ROBO ROBO Global Robotics & Automation Index ETF 1.5 95 -70 3.2 -8.8
OBOR KraneShares MSCI One Belt One Road Index ETF 1.5 79 -54 7.9 -4.1
OTGL OTG Latin America ETF 1.5 269 -244 8.2 -3.8
OZEM Roundhill GLP-1 & Weight Loss ETF 1.4 59 -34 3.2 -8.8
ECH iShares MSCI Chile ETF 1.4 58 -33 7.1 -4.9
ILF iShares Latin America 40 ETF 1.4 48 -23 11.5 -0.5
AFK VanEck Africa Index ETF 1.4 98 -73 14.3 +2.3
BWEB Bitwise Web3 ETF 1.4 85 -60 0.0 -12.0
CCNR ALPS CoreCommodity Natural Resources ETF 1.4 39 -14 9.1 -2.9
GINN Goldman Sachs Innovate Equity ETF 1.4 52 -27 3.7 -8.4
WUGI AXS Esoterica NextG Economy ETF 1.3 75 -50 2.3 -9.7
GCOW Pacer Global Cash Cows Dividend ETF 1.3 60 -35 10.3 -1.8
BUYZ Franklin Disruptive Commerce ETF 1.3 50 -25 2.6 -9.4
PGJ Invesco Golden Dragon China ETF 1.3 70 -45 13.9 +1.8
FTRI First Trust Indxx Global Natural Resources Income ETF 1.3 70 -45 7.7 -4.4
KOCG FIS Knights of Columbus Global Belief ETF 1.2 75 -50 4.9 -7.2
IDHQ Invesco S&P International Developed High Quality ETF 1.2 29 -4 6.4 -5.6
AGMI Themes Silver Miners ETF 1.2 35 -10 4.0 -8.0
CGIE Capital Group International Equity ETF 1.2 54 -29 4.9 -7.1
HERO Global X Video Games & Esports ETF 1.2 50 -25 4.5 -7.5
NERD Roundhill Video Games ETF 1.2 50 -25 6.6 -5.5
COLO Global X MSCI Colombia ETF 1.1 62 -37 20.3 +8.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.1 80 -55 10.8 -1.2
EFAS Global X MSCI SuperDividend EAFE ETF 1.1 57 -32 8.6 -3.4
EWH iShares MSCI Hong Kong ETF 1.1 50 -25 5.0 -7.0
FYLD Cambria Foreign Shareholder Yield ETF 1.1 59 -34 11.2 -0.8
JHID John Hancock International High Dividend ETF 1.1 46 -21 8.6 -3.5
SPDW SPDR Portfolio Developed World ex-US ETF 1.1 3 22 6.6 -5.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.0 47 -22 5.6 -6.4
THNR Amplify Weight Loss Drug & Treatment ETF 1.0 59 -34 6.7 -5.3
BINV Brandes International ETF 1.0 70 -45 9.1 -3.0
GREK Global X MSCI Greece ETF 1.0 57 -32 10.6 -1.5
FCLD Fidelity Cloud Computing ETF 0.9 39 -14 3.5 -8.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.9 8 17 7.2 -4.8
IXC iShares Global Energy ETF 0.9 44 -19 10.0 -2.1
SNSR Global X Internet of Things ETF 0.8 68 -43 5.0 -7.1
SMIN iShares MSCI India Small Cap ETF 0.8 79 -54 3.7 -8.4
OCEN IQ Clean Oceans ETF 0.8 45 -20 5.1 -6.9
MOTO SmartETFs Smart Transportation & Technology ETF 0.8 68 -43 6.6 -5.5
PBD Invesco Global Clean Energy ETF 0.8 75 -50 0.9 -11.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.7 49 -24 6.8 -5.2
CRAK VanEck Oil Refiners ETF 0.7 61 -36 11.6 -0.4
KURE KraneShares MSCI All China Health Care Index ETF 0.7 65 -40 2.9 -9.2
QAT iShares MSCI Qatar ETF 0.7 59 -34 51.1 +39.1
CIL VictoryShares International Volatility Wtd ETF 0.7 45 -20 6.3 -5.7
FENI Fidelity Enhanced International ETF 0.7 28 -3 6.1 -5.9
UAE iShares MSCI UAE ETF 0.7 59 -34 0.0 -12.0
EZA iShares MSCI South Africa ETF 0.7 58 -33 9.4 -2.6
TPIF Timothy Plan International ETF 0.7 62 -37 6.0 -6.0
INTF iShares International Equity Factor ETF 0.6 15 10 7.3 -4.8
KAT Scharf ETF 0.6 87 -62 6.0 -6.1
GSFP Goldman Sachs Future Planet Equity ETF 0.6 75 -50 4.2 -7.8
IBAT iShares Energy Storage & Materials ETF 0.6 47 -22 2.7 -9.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 -14 5.7 -6.3
FTAG First Trust Indxx Global Agriculture ETF 0.6 70 -45 8.4 -3.7
EPP iShares MSCI Pacific ex-Japan ETF 0.6 47 -22 5.3 -6.8
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.5 86 -61 0.5 -11.5
INQQ India Internet & Ecommerce ETF 0.5 86 -61 1.3 -10.7
IDRV iShares Self-driving EV & Tech ETF 0.5 47 -22 1.3 -10.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.5 32 -7 5.9 -6.1
CGGR Capital Group Growth ETF 0.5 39 -14 3.4 -8.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.5 29 -4 7.5 -4.5
SHPP Pacer Industrials and Logistics ETF 0.5 60 -35 8.1 -3.9
AVDV Avantis International Small Cap Value ETF 0.5 36 -11 8.8 -3.2
ECNS iShares MSCI China Small-Cap ETF 0.5 59 -34 9.2 -2.8
HART IQ Healthy Hearts ETF 0.5 45 -20 6.4 -5.6
IPKW Invesco International BuyBack Achievers ETF 0.5 55 -30 8.8 -3.2
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.5 19 6 5.5 -6.6
BETZ Roundhill Sports Betting & iGaming ETF 0.5 75 -50 2.9 -9.1
BJK VanEck Gaming ETF 0.5 65 -40 4.5 -7.5
DLS WisdomTree International SmallCap Dividend Fund 0.5 58 -33 8.0 -4.0
RFEU First Trust Riverfront Dynamic Europe ETF 0.5 83 -58 10.0 -2.1
OSEA Harbor International Compounders ETF 0.5 55 -30 4.8 -7.2
CGDG Capital Group Dividend Growers ETF 0.5 47 -22 6.0 -6.1
DTAN Sparkline International Intangible Value ETF 0.5 55 -30 8.0 -4.0
ABLG Abacus FCF International Leaders ETF 0.5 59 -34 6.5 -5.5
DIM WisdomTree International MidCap Dividend Fund 0.5 58 -33 7.1 -5.0
EPU iShares MSCI Peru and Global Exposure ETF 0.5 59 -34 5.8 -6.2
ISHP First Trust Nasdaq Retail ETF 0.5 60 -35 5.7 -6.4
SRVR Pacer Data & Infrastructure Real Estate ETF 0.5 55 -30 4.5 -7.5
WTRE WisdomTree New Economy Real Estate Fund 0.5 58 -33 7.9 -4.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.4 25 0 6.8 -5.2
DRIV Global X Autonomous & Electric Vehicles ETF 0.4 68 -43 4.7 -7.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.4 72 -47 -1.3 -13.3
DTH WisdomTree International High Dividend Fund 0.4 58 -33 7.9 -4.1
RFDI First Trust Riverfront Dynamic Developed International ETF 0.3 83 -58 8.9 -3.1
AVIV Avantis International Large Cap Value ETF 0.3 25 0 8.2 -3.9
EPOL iShares MSCI Poland ETF 0.3 59 -34 11.0 -1.0
IVLU iShares MSCI Intl Value Factor ETF 0.3 30 -5 9.5 -2.5
DRGN Themes China Generative Artificial Intelligence ETF 0.3 39 -14 10.9 -1.1
DIHP Dimensional International High Profitability ETF 0.3 29 -4 6.6 -5.4
AADR AdvisorShares Dorsey Wright ADR ETF 0.3 110 -85 4.7 -7.3
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.3 9 16 8.7 -3.3
GPT Intelligent Alpha Atlas ETF 0.3 69 -44 5.6 -6.4
LVHI Franklin International Low Volatility High Dividend Index ET 0.3 40 -15 9.5 -2.5
DFIV Dimensional International Value ETF 0.3 27 -2 8.8 -3.2
AVDE Avantis International Equity ETF 0.3 23 2 7.0 -5.0
SMOG VanEck Low Carbon Energy ETF 0.3 61 -36 1.6 -10.5
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.3 4 21 6.0 -6.0
CZA Invesco Zacks Mid-Cap ETF 0.3 72 -47 7.3 -4.7
EATZ AdvisorShares Restaurant ETF 0.3 101 -76 7.8 -4.3
FPAG FPA Global Equity ETF 0.3 49 -24 5.7 -6.3
JOET Virtus Terranova US Quality Momentum ETF 0.3 29 -4 4.9 -7.1
TMFG Motley Fool Global Opportunities ETF 0.3 85 -60 4.0 -8.0
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.3 15 10 6.1 -6.0
LYLD Cambria Large Cap Shareholder Yield ETF 0.3 59 -34 9.8 -2.3
FDLS Inspire Fidelis Multi Factor ETF 0.3 76 -51 4.6 -7.5
TIIV AAM Todd International Intrinsic Value ETF 0.3 54 -29 11.2 -0.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 -40 7.9 -4.1
IHAK iShares Cybersecurity & Tech ETF 0.2 47 -22 4.6 -7.4
SCHC Schwab International Small-Cap Equity ETF 0.2 11 14 7.5 -4.6
TINY ProShares Nanotechnology ETF 0.2 58 -33 3.2 -8.8
IPAC iShares Core MSCI Pacific ETF 0.2 9 16 6.1 -5.9
FEUZ First Trust Eurozone AlphaDEX ETF 0.2 80 -55 7.7 -4.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 -14 7.5 -4.5
EMIF iShares Emerging Markets Infrastructure ETF 0.2 60 -35 4.5 -7.5
GII SPDR S&P Global Infrastructure ETF 0.2 40 -15 4.6 -7.5
IGF iShares Global Infrastructure ETF 0.2 41 -16 4.5 -7.5
IQRA IQ CBRE Real Assets ETF 0.2 65 -40 5.6 -6.4
BATT Amplify Lithium & Battery Technology ETF 0.2 59 -34 2.8 -9.2
ERTH Invesco MSCI Sustainable Future ETF 0.2 62 -37 3.4 -8.6
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.2 39 -14 -1.3 -13.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.2 58 -33 4.4 -7.6
KGRN KraneShares MSCI China Clean Technology Index ETF 0.2 79 -54 0.4 -11.6
LIT Global X Lithium & Battery Tech ETF 0.2 75 -50 4.5 -7.6
TEMP JPMorgan Climate Change Solutions ETF 0.2 49 -24 5.6 -6.4
DXIV Dimensional International Vector Equity ETF 0.2 34 -9 7.4 -4.6
DFIC Dimensional International Core Equity 2 ETF 0.2 23 2 7.1 -5.0
IQSI IQ Candriam International Equity ETF 0.2 15 10 6.2 -5.9
FEP First Trust Europe AlphaDEX Fund 0.2 80 -55 8.0 -4.0
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.2 45 -20 1.4 -10.7
DWM WisdomTree International Equity Fund 0.2 48 -23 7.0 -5.0
DWMF WisdomTree International Multifactor Fund 0.2 38 -13 6.9 -5.1
FFLC Fidelity Fundamental Large Cap Core ETF 0.2 38 -13 4.5 -7.5
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 5 6.5 -5.5
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 2 8.0 -4.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 -21 5.6 -6.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 -15 7.0 -5.0
BKIE BNY Mellon International Equity ETF 0.1 4 21 6.6 -5.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 -14 6.3 -5.8
EFV iShares MSCI EAFE Value ETF 0.1 34 -9 8.5 -3.5
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 13 5.3 -6.8
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.1 30 -5 6.9 -5.2
DFAI Dimensional International Core Equity Market ETF 0.1 18 7 6.8 -5.3
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 -5 5.4 -6.6
EWS iShares MSCI Singapore ETF 0.1 50 -25 4.8 -7.2
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 -5 6.2 -5.9
IVAL Alpha Architect International Quantitative Value ETF 0.1 49 -24 10.3 -1.8
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.1 80 -55 4.2 -7.8
EFRA iShares Environmental Infrastructure and Industrials ETF 0.1 47 -22 5.3 -6.7
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.1 65 -40 4.6 -7.4
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.1 22 3 5.9 -6.2
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.1 20 5 6.2 -5.8
EFA iShares MSCI EAFE ETF 0.1 35 -10 6.4 -5.6
CTEC Global X CleanTech ETF 0.1 50 -25 0.6 -11.4
IEFA iShares Core MSCI EAFE ETF 0.1 7 18 6.7 -5.3
IDEV iShares Core MSCI International Developed Markets ETF 0.1 4 21 6.7 -5.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 -11 6.3 -5.8
AVDS Avantis International Small Cap Equity ETF 0.1 30 -5 6.9 -5.2
DFIS Dimensional International Small Cap ETF 0.1 39 -14 7.0 -5.1
APIE ActivePassive International Equity ETF 0.1 45 -20 7.1 -4.9
EFG iShares MSCI EAFE Growth ETF 0.0 36 -11 4.3 -7.8
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 -15 6.8 -5.2
PNQI Invesco NASDAQ Internet ETF 0.0 60 -35 3.7 -8.4
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 1 6.1 -5.9
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 14 4.9 -7.2
AVSD Avantis Responsible International Equity ETF 0.0 23 2 5.0 -7.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 16 5.1 -7.0
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 -5 5.8 -6.2
VGK Vanguard FTSE Europe ETF 0.0 6 19 7.2 -4.8
TOK iShares MSCI Kokusai ETF 0.0 26 -1 5.0 -7.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 4 3.7 -8.3
URTH iShares MSCI World ETF 0.0 24 1 5.0 -7.1
SPEU SPDR Portfolio Europe ETF 0.0 7 18 7.1 -4.9
EBI Longview Advantage ETF 0.0 35 -10 6.6 -5.4

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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 13.5 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 12.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.54 CATEGORY
AVERAGE		 1.54
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

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

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

 

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