Fidelity Emerging Markets Multifactor ETF
ALTAR
Score™		 10.3% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 11.7x P/Sales
ratio		 1.5x
P/BV
ratio		 1.4x Div.
yield		 2.5%


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

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Fidelity
Website institutional.fidelity.com
Inception date Feb 26, 2019
Assets (mns) $585
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 239
Wgt avg mkt cap (mns) $215,350
Large cap (>$10bn) 59.0%
Mid cap ($2-10bn) 38.3%
Small cap (<$2bn) 1.5%
Developed mkts 7.3%
Emerging mkts 92.7%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 13.0 %
SAMSUNG ELECTRONICS CO LTD 9.0 %
TENCENT HOLDINGS LTD 3.0 %
HYNIX SEMICONDUCTOR INC 2.5 %
MEDIATEK INC 1.7 %
EMAAR DEVELOPMENT PJSC 1.6 %
FIBRA UNO ADMINISTRACION SA 1.6 %
CHINA RESOURCES MIXC LIFESTYLE SER 1.6 %
ORION CORP. 1.5 %
KIMBERLY-CLARK DE MEXICO-A 1.4 %
Total 36.9 %

TOP COUNTRY EXPOSURE
TAIWAN 25.0 %
CHINA 18.7 %
SOUTH KOREA 18.6 %
INDIA 7.5 %
MEXICO 3.6 %
BRAZIL 3.3 %
SOUTH AFRICA 3.3 %
THAILAND 2.4 %
UAE 2.3 %
HONG KONG 2.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
20.1% 43.6% 9.4% -- 9.1%

Market Correlations
versus... Beta R-squared
S&P500 1.06 52%
MSCI EAFE 0.92 63%
MSCI Emg. Mkts. 0.84 93%

Technical Indicators
Recent close $35.90
30d moving avg. $36.30
Annualized volatility 12.4%
Short interest (ETF) 0.2%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 79
Turnover 0.5%
Bid/Ask (% of price) 0.56%
ADV underlying (mns) $7,084

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 431 potential alternatives to the Fidelity Emerging Markets Multifactor ETF ETF based on the alternatives' overlap in portfolio holdings with FDEM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FDEM Expense: 25 bp ALTAR Score™: 10.3%


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
(%)
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 40.6 15 10 7.8 -2.5
BKEM BNY Mellon Emerging Markets Equity ETF 40.3 11 14 7.8 -2.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 40.2 66 -41 7.1 -3.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 40.1 36 -11 7.4 -2.9
FLAX Franklin FTSE Asia Ex Japan ETF 39.5 19 6 7.0 -3.3
EMGF iShares Emerging Markets Equity Factor ETF 39.4 25 0 8.7 -1.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 39.0 30 -5 7.7 -2.5
EEM iShares MSCI Emerging Markets ETF 38.9 69 -44 7.6 -2.7
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 38.8 69 -44 7.3 -3.0
EEMA iShares MSCI Emerging Markets Asia ETF 38.5 49 -24 7.4 -2.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 38.3 33 -8 6.5 -3.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 38.2 70 -45 6.7 -3.6
IEMG iShares Core MSCI Emerging Markets ETF 37.7 9 16 8.0 -2.3
DFAE Dimensional Emerging Core Equity Market ETF 37.7 35 -10 6.8 -3.4
JIVE JPMorgan International Value ETF 37.3 55 -30 8.2 -2.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 37.1 15 10 8.6 -1.7
ECON Columbia Emerging Markets Consumer ETF 36.9 49 -24 6.4 -3.9
JADE JPMorgan Active Developing Markets Equity ETF 36.9 65 -40 5.8 -4.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 36.6 88 -63 7.9 -2.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 36.6 32 -7 7.3 -3.0
ESGE iShares ESG Aware MSCI EM ETF 36.1 25 0 8.1 -2.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 34.4 40 -15 6.2 -4.1
JHEM John Hancock Multifactor Emerging Markets ETF 34.3 49 -24 7.4 -2.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 33.6 24 1 5.0 -5.2
EMMF WisdomTree Emerging Markets Multifactor Fund 33.3 48 -23 8.4 -1.9
EMXC iShares MSCI Emerging Markets ex China ETF 33.2 25 0 4.9 -5.4
XCEM Columbia EM Core ex-China ETF 33.0 16 9 4.8 -5.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 33.0 20 5 12.8 +2.6
AIA iShares Asia 50 ETF 32.8 50 -25 7.4 -2.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 32.8 38 -13 6.8 -3.4
EMDM First Trust Bloomberg Emerging Market Democracies ETF 32.4 75 -50 6.1 -4.2
STXE Strive Emerging Markets Ex-China ETF 31.6 32 -7 5.0 -5.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 31.5 32 -7 4.7 -5.6
SCHE Schwab Emerging Markets Equity ETF 31.4 11 14 9.3 -1.0
VWO Vanguard FTSE Emerging Markets ETF 31.3 7 18 9.0 -1.3
SPEM SPDR Portfolio Emerging Markets ETF 30.1 7 18 9.3 -1.0
DEHP Dimensional Emerging Markets High Profitability ETF 29.5 41 -16 4.7 -5.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 29.5 30 -5 7.5 -2.8
DEXC Dimensional Emerging Markets ex China Core EquityETF 28.9 53 -28 4.9 -5.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 28.3 41 -16 6.8 -3.5
FTHF First Trust Emerging Markets Human Flourishing ETF 28.2 75 -50 5.5 -4.8
PATN Pacer Nasdaq International Patent Leaders ETF 27.9 65 -40 3.9 -6.3
PXH Invesco FTSE RAFI Emerging Markets ETF 27.8 49 -24 13.4 +3.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 27.2 59 -34 8.3 -1.9
MEM Matthews Emerging Markets Equity Active ETF 27.2 79 -54 8.3 -2.0
EMXF iShares ESG Advanced MSCI EM ETF 27.0 16 9 6.5 -3.8
NUEM Nuveen ESG Emerging Markets Equity ETF 25.8 36 -11 5.9 -4.4
VEXC Vanguard Emerging Markets Ex-China ETF 25.7 7 18 5.5 -4.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 25.5 39 -14 13.6 +3.4
ROAM Hartford Multifactor Emerging Markets ETF 24.4 44 -19 7.5 -2.8
GMF SPDR S&P Emerging Asia Pacific ETF 24.4 49 -24 8.4 -1.8
AVEM Avantis Emerging Markets Equity ETF 23.7 33 -8 6.9 -3.4
XCNY SPDR S&P Emerging Markets ex-China ETF 23.5 15 10 5.5 -4.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 23.0 50 -25 8.2 -2.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 22.6 95 -70 9.8 -0.5
LDEM iShares ESG MSCI EM Leaders ETF 22.2 17 8 12.6 +2.4
EMM Global X Emerging Markets ex-China ETF 22.1 75 -50 4.6 -5.7
AVSE Avantis Responsible Emerging Markets Equity ETF 21.3 33 -8 6.4 -3.8
AGIX KraneShares Artificial Intelligence and Technology ETF 21.1 99 -74 1.1 -9.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 20.2 25 0 5.9 -4.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 20.1 45 -20 9.7 -0.6
EMC Global X Emerging Markets Great Consumer ETF 19.6 75 -50 6.9 -3.3
FLTW Franklin FTSE Taiwan ETF 19.6 19 6 3.2 -7.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 18.8 35 -10 10.0 -0.2
EWT iShares MSCI Taiwan ETF 18.8 58 -33 2.8 -7.5
MINV Matthews Asia Innovators Active ETF 18.3 79 -54 5.0 -5.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 17.6 44 -19 9.5 -0.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 17.4 42 -17 3.9 -6.3
BKF iShares MSCI BIC ETF 17.1 69 -44 14.8 +4.6
DFEV Dimensional Emerging Markets Value ETF 16.9 43 -18 9.2 -1.1
VSGX Vanguard ESG International Stock ETF 16.5 10 15 6.4 -3.8
RNEM First Trust Emerging Markets Equity Select ETF 16.2 75 -50 7.9 -2.3
KNCT Invesco Next Gen Connectivity ETF 15.6 40 -15 2.8 -7.4
CGXU Capital Group International Focus Equity ETF 15.5 54 -29 3.7 -6.5
ACWX iShares MSCI ACWI ex U.S. ETF 15.4 34 -9 6.3 -4.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 15.3 41 -16 5.8 -4.4
FRGN Horizon International Equity ETF 15.2 75 -50 7.7 -2.6
VEU Vanguard FTSE All-World ex-US Index Fund 14.8 4 21 6.6 -3.7
AVXC Avantis Emerging Markets Ex-China Equity ETF 14.8 33 -8 5.9 -4.4
FRDM Freedom 100 Emerging Markets ETF 14.7 49 -24 5.1 -5.1
EEMO Invesco S&P Emerging Markets Momentum ETF 14.3 29 -4 6.3 -4.0
JIG JPMorgan International Growth ETF 14.3 55 -30 3.5 -6.7
IQDF FlexShares International Quality Dividend Index Fund 14.3 47 -22 7.4 -2.8
FXI iShares China Large-Cap ETF 14.3 74 -49 22.0 +11.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 14.3 18 7 6.3 -4.0
VXUS Vanguard Total International Stock ETF 14.0 5 20 6.5 -3.7
MCHI iShares MSCI China ETF 13.8 59 -34 21.0 +10.7
IXUS iShares Core MSCI Total International Stock ETF 13.7 7 18 6.5 -3.8
FLCH Franklin FTSE China ETF 13.6 19 6 18.6 +8.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 13.5 90 -65 3.5 -6.8
GXC SPDR S & P China ETF 13.1 59 -34 19.2 +9.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 13.1 47 -22 7.1 -3.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 12.8 29 -4 8.8 -1.4
DEM WisdomTree Emerging Markets High Dividend Fund 12.7 63 -38 10.2 -0.1
FLKR Franklin FTSE South Korea ETF 12.7 9 16 4.0 -6.2
AVES Avantis Emerging Markets Value ETF 12.4 36 -11 8.8 -1.4
IXN iShares Global Tech ETF 11.9 41 -16 2.6 -7.7
EWY iShares MSCI South Korea ETF 11.8 58 -33 3.1 -7.1
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 11.6 60 -35 8.7 -1.6
SDEM Global X MSCI SuperDividend Emerging Markets ETF 11.6 67 -42 12.4 +2.2
FEM First Trust Emerging Markets AlphaDEX Fund 11.5 80 -55 8.8 -1.5
CHAT Roundhill Generative AI & Technology ETF 11.1 75 -50 4.0 -6.3
EYLD Cambria Emerging Shareholder Yield ETF 10.4 66 -41 8.9 -1.4
AIQ Global X Artificial Intelligence & Technology ETF 10.3 68 -43 2.7 -7.6
VPL Vanguard FTSE Pacific ETF 10.2 7 18 5.1 -5.2
DVYE iShares Emerging Markets Dividend ETF 10.1 49 -24 18.1 +7.8
JCHI JPMorgan Active China ETF 9.9 65 -40 15.6 +5.3
DOL WisdomTree International LargeCap Dividend Fund 9.5 48 -23 5.6 -4.7
CLNR IQ Cleaner Transport ETF 9.5 45 -20 3.9 -6.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 9.5 30 -5 6.4 -3.9
UMMA Wahed Dow Jones Islamic World ETF 9.3 65 -40 3.4 -6.8
FMET Fidelity Metaverse ETF 8.8 39 -14 4.3 -6.0
XC WisdomTree Emerging Markets Ex-China Fund 8.6 32 -7 6.4 -3.9
AQLT iShares MSCI Global Quality Factor ETF 8.2 18 7 0.0 -10.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 8.2 32 -7 14.0 +3.8
IMFL Invesco International Developed Dynamic Multifactor ETF 8.1 34 -9 5.1 -5.1
VYMI Vanguard International High Dividend Yield ETF 8.0 17 8 7.9 -2.3
WRND IQ Global Equity R&D Leaders ETF 7.9 18 7 4.0 -6.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 7.8 80 -55 7.2 -3.1
FNDF Schwab Fundamental International Large Co. Index ETF 7.7 25 0 7.4 -2.9
FLN First Trust Latin America AlphaDEX Fund 7.5 80 -55 9.9 -0.4
WTAI WisdomTree Artificial Intelligence and Innovation Fund 7.4 45 -20 1.8 -8.5
NXTG First Trust Indxx NextG ETF 7.2 70 -45 3.5 -6.8
KTEC KraneShares Hang Seng TECH Index ETF 7.2 69 -44 22.0 +11.7
TCHI iShares MSCI China Multisector Tech ETF 7.1 59 -34 13.4 +3.2
EPI WisdomTree India Earnings Fund 7.1 85 -60 5.1 -5.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 7.0 70 -45 9.4 -0.9
CWI SPDR MSCI ACWI ex-US ETF 7.0 30 -5 6.3 -3.9
VIDI Vident International Equity Strategy ETF 7.0 61 -36 8.2 -2.1
AIVC Amplify Bloomberg AI Value Chain ETF 7.0 59 -34 3.4 -6.9
ACWV iShares MSCI Global Min Vol Factor ETF 6.9 20 5 5.7 -4.6
FLIN Franklin FTSE India ETF 6.9 19 6 4.1 -6.2
FLLA Franklin FTSE Latin America ETF 6.9 19 6 10.6 +0.4
OAIM OneAscent International Equity ETF 6.8 95 -70 4.4 -5.8
MOTI VanEck Morningstar International Moat ETF 6.6 58 -33 10.2 -0.0
FEOE First Eagle Overseas Equity ETF 6.6 79 -54 6.1 -4.2
CARZ First Trust NASDAQ Global Auto Index Fund 6.5 70 -45 2.3 -8.0
INDA iShares MSCI India ETF 6.5 65 -40 4.5 -5.7
FBOT Fidelity Disruptive Automation ETF 6.4 50 -25 2.9 -7.4
HFXI IQ FTSE International Equity Currency Neutral ETF 5.9 20 5 5.5 -4.8
GLOF iShares Global Equity Factor ETF 5.9 20 5 5.5 -4.8
DINT Davis Select International ETF 5.9 55 -30 6.0 -4.3
GTEK Goldman Sachs Future Tech Leaders Equity ETF 5.8 75 -50 1.7 -8.6
ARTY iShares Future AI & Tech ETF 5.8 47 -22 2.4 -7.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 5.8 20 5 4.7 -5.6
KWEB KraneShares CSI China Internet ETF 5.7 69 -44 25.5 +15.2
IGRO iShares International Dividend Growth ETF 5.6 15 10 6.6 -3.6
ACWI iShares MSCI ACWI ETF 5.6 32 -7 4.6 -5.7
ABLG Abacus FCF International Leaders ETF 5.6 59 -34 6.4 -3.9
PIN Invesco India ETF 5.5 78 -53 5.3 -5.0
SCHF Schwab International Equity ETF 5.5 6 19 5.8 -4.4
MCH Matthews China Active ETF 5.5 79 -54 14.7 +4.5
MOTG VanEck Morningstar Global Wide Moat ETF 5.2 52 -27 7.9 -2.4
VT Vanguard Total World Stock ETF 5.2 6 19 4.9 -5.3
DWLD Davis Select Worldwide ETF 5.1 63 -38 6.7 -3.6
VEA Vanguard FTSE Developed Markets ETF 5.1 3 22 5.9 -4.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 5.1 12 13 4.4 -5.9
GVAL Cambria Global Value ETF 5.0 68 -43 8.5 -1.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 5.0 58 -33 8.2 -2.0
SCHY Schwab International Dividend Equity ETF 4.8 14 11 8.5 -1.8
DTCR Global X Data Center & Digital Infrastructure ETF 4.8 50 -25 3.3 -6.9
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.8 60 -35 10.8 +0.5
AIS VistaShares Artificial Intelligence Supercycle ETF 4.8 75 -50 0.8 -9.5
AGQI First Trust Active Global Quality Income ETF 4.8 85 -60 6.4 -3.9
INDY iShares India 50 ETF 4.8 89 -64 5.2 -5.0
NFTY First Trust India NIFTY 50 Equal Weight ETF 4.8 80 -55 4.9 -5.4
BAI iShares AI Innovation and Tech Active ETF 4.7 55 -30 0.9 -9.4
CGGO Capital Group Global Growth Equity ETF 4.7 47 -22 3.9 -6.4
BNGE First Trust S-Network Streaming and Gaming ETF 4.6 70 -45 3.0 -7.2
CQQQ Invesco China Technology ETF 4.6 70 -45 14.2 +3.9
CHIQ Global X MSCI China Consumer Discretionary ETF 4.6 65 -40 14.6 +4.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 4.5 86 -61 12.9 +2.6
FDNI First Trust Dow Jones International Internet ETF 4.5 65 -40 25.0 +14.8
IXP iShares Global Comm Services ETF 4.5 42 -17 5.8 -4.5
XT iShares Exponential Technologies ETF 4.5 46 -21 3.8 -6.5
AVEE Avantis Emerging Markets Small Cap Equity ETF 4.5 42 -17 7.6 -2.7
DSTX Distillate International Fundamental Stability & Value ETF 4.5 55 -30 6.5 -3.7
IGPT Invesco AI and Next Gen Software ETF 4.5 60 -35 2.2 -8.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.4 65 -40 7.3 -2.9
FCA First Trust China AlphaDEX Fund 4.4 80 -55 8.6 -1.7
EDIV SPDR S&P Emerging Markets Dividend ETF 4.4 49 -24 8.8 -1.5
TINY ProShares Nanotechnology ETF 4.3 58 -33 1.2 -9.1
RGEF Rockefeller Global Equity ETF 4.3 55 -30 3.7 -6.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 4.3 80 -55 6.9 -3.4
FEGE First Eagle Global Equity ETF 4.2 79 -54 6.1 -4.2
CHPX Global X AI Semiconductor & Quantum ETF 4.2 50 -25 1.5 -8.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 4.1 70 -45 6.4 -3.9
KLMT Invesco MSCI Global Climate 500 ETF 4.1 10 15 4.9 -5.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 4.1 78 -53 9.5 -0.7
JSTC Adasina Social Justice All Cap Global ETF 4.0 89 -64 4.2 -6.0
IVRS iShares Future Metaverse Tech and Communications ETF 4.0 47 -22 5.1 -5.2
CGRO CoreValues Alpha Greater China Growth ETF 4.0 75 -50 5.5 -4.8
FLBR Franklin FTSE Brazil ETF 4.0 19 6 11.8 +1.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.9 45 -20 6.7 -3.5
ESPO VanEck Video Gaming and eSports ETF 3.7 56 -31 6.5 -3.7
SOCL Global X Social Media ETF 3.7 65 -40 12.6 +2.4
ODDS Pacer BlueStar Digital Entertainment ETF 3.7 60 -35 4.5 -5.8
METV Roundhill Ball Metaverse ETF 3.7 59 -34 7.7 -2.6
EWW iShares MSCI Mexico ETF 3.7 50 -25 8.5 -1.8
FLMX Franklin FTSE Mexico ETF 3.7 19 6 8.9 -1.3
ARVR First Trust Indxx Metaverse ETF 3.5 70 -45 3.5 -6.7
EWZ iShares MSCI Brazil ETF 3.5 58 -33 10.6 +0.4
JPIN J.P. Morgan Diversified Return International Equity ETF 3.4 37 -12 7.1 -3.1
IOO iShares Global 100 ETF 3.4 41 -16 3.8 -6.4
DGT State Street SPDR Global Dow ETF 3.4 50 -25 5.6 -4.6
INCO Columbia India Consumer ETF 3.3 75 -50 2.1 -8.1
GKAT Scharf Global Opportunity ETF 3.3 57 -32 5.8 -4.5
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 3.2 75 -50 3.2 -7.1
PCGG Polen Capital Global Growth ETF 3.2 85 -60 3.9 -6.3
SDIV Global X Superdividend ETF 3.1 58 -33 13.8 +3.5
GLIN VanEck India Growth Leaders ETF 3.1 77 -52 5.3 -5.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.0 60 -35 6.7 -3.6
GEW Cambria Global EW ETF 2.7 29 -4 5.3 -4.9
ASEA Global X FTSE Southeast Asia ETF 2.7 65 -40 5.2 -5.0
PIEL Pacer International Export Leaders ETF 2.6 60 -35 3.9 -6.3
OGIG ALPS O'Shares Global Internet Giants ETF 2.6 48 -23 2.5 -7.8
ANEW ProShares MSCI Transformational Changes ETF 2.6 45 -20 4.3 -6.0
NDIA Global X India Active ETF 2.6 75 -50 5.0 -5.3
BINV Brandes International ETF 2.6 70 -45 8.5 -1.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.5 24 1 6.9 -3.3
IBLC iShares Blockchain and Tech ETF 2.5 47 -22 -1.3 -11.5
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.4 65 -40 1.4 -8.9
UAE iShares MSCI UAE ETF 2.2 59 -34 0.0 -10.3
ROBO ROBO Global Robotics & Automation Index ETF 2.2 95 -70 2.3 -7.9
UIVM VictoryShares International Value Momentum ETF 2.2 35 -10 8.1 -2.2
IXG iShares Global Financials ETF 2.2 42 -17 5.9 -4.3
GSIB Themes Global Systemically Important Banks ETF 2.2 35 -10 7.8 -2.5
IDHQ Invesco S&P International Developed High Quality ETF 2.1 29 -4 5.0 -5.3
JGLO JPMorgan Global Select Equity ETF 2.1 33 -8 4.2 -6.0
WWJD Inspire International ETF 2.1 80 -55 6.4 -3.9
THD iShares MSCI Thailand ETF 2.1 58 -33 0.0 -10.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.1 9 16 4.8 -5.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.9 46 -21 8.2 -2.1
GINN Goldman Sachs Innovate Equity ETF 1.9 52 -27 3.7 -6.6
SPDW SPDR Portfolio Developed World ex-US ETF 1.8 3 22 5.8 -4.5
FID First Trust S&P International Dividend Aristocrats ETF 1.8 60 -35 7.8 -2.4
WDIV SPDR S&P Global Dividend ETF 1.8 40 -15 9.1 -1.2
KOCG FIS Knights of Columbus Global Belief ETF 1.8 75 -50 4.5 -5.8
ILF iShares Latin America 40 ETF 1.7 48 -23 9.6 -0.6
XDAT Franklin Exponential Data ETF 1.7 50 -25 1.1 -9.1
QTUM Defiance Quantum ETF 1.7 40 -15 3.5 -6.7
GGME Invesco Next Gen Media and Gaming ETF 1.6 60 -35 4.4 -5.9
DEW WisdomTree Global High Dividend Fund 1.6 58 -33 7.1 -3.1
DWX SPDR S&P International Dividend ETF 1.5 45 -20 6.7 -3.5
CGIE Capital Group International Equity ETF 1.5 54 -29 4.5 -5.7
OTGL OTG Latin America ETF 1.5 269 -244 7.7 -2.5
FDCF Fidelity Disruptive Communications ETF 1.5 50 -25 1.8 -8.5
OCEN IQ Clean Oceans ETF 1.5 45 -20 4.6 -5.7
AFK VanEck Africa Index ETF 1.5 98 -73 11.4 +1.2
CGV Conductor Global Equity Value ETF 1.5 130 -105 7.9 -2.3
TTAI FCF International Quality ETF 1.4 59 -34 6.9 -3.4
BWEB Bitwise Web3 ETF 1.4 85 -60 -0.1 -10.4
HUMN Roundhill Humanoid Robotics ETF 1.3 75 -50 1.2 -9.0
ECNS iShares MSCI China Small-Cap ETF 1.3 59 -34 9.8 -0.5
PBD Invesco Global Clean Energy ETF 1.2 75 -50 0.3 -10.0
IBAT iShares Energy Storage & Materials ETF 1.2 47 -22 1.6 -8.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.2 56 -31 9.9 -0.4
ICPY Tweedy, Browne International Insider Value ETF 1.2 80 -55 21.0 +10.7
CIL VictoryShares International Volatility Wtd ETF 1.2 45 -20 5.9 -4.4
BLES Inspire Global Hope ETF 1.2 61 -36 5.7 -4.5
COPY Tweedy, Browne Insider + Value ETF 1.2 80 -55 14.6 +4.3
ECH iShares MSCI Chile ETF 1.2 58 -33 7.5 -2.8
GCOW Pacer Global Cash Cows Dividend ETF 1.2 60 -35 9.6 -0.6
ICOW Pacer Developed Markets International Cash Cows 100 ETF 1.1 65 -40 8.1 -2.1
PICK iShares MSCI Global Metals & Mining Producers ETF 1.1 39 -14 8.7 -1.6
FTRI First Trust Indxx Global Natural Resources Income ETF 1.1 70 -45 7.0 -3.2
EWM iShares MSCI Malaysia ETF 1.1 50 -25 6.6 -3.6
COLO Global X MSCI Colombia ETF 1.1 62 -37 14.7 +4.5
GREK Global X MSCI Greece ETF 1.1 57 -32 8.7 -1.5
FLSA Franklin FTSE Saudi Arabia ETF 1.1 39 -14 0.0 -10.3
KSA iShares MSCI Saudi Arabia ETF 1.1 74 -49 0.0 -10.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.1 12 13 8.5 -1.8
DRGN Themes China Generative Artificial Intelligence ETF 1.0 39 -14 8.9 -1.4
POW VistaShares Electrification Supercycle ETF 1.0 75 -50 2.1 -8.1
SNSR Global X Internet of Things ETF 1.0 68 -43 3.3 -6.9
RWX SPDR Dow Jones International Real Estate ETF 1.0 59 -34 7.2 -3.1
CGGR Capital Group Growth ETF 1.0 39 -14 2.5 -7.7
FDTX Fidelity Disruptive Technology ETF 1.0 50 -25 1.5 -8.7
IDX VanEck Indonesia Index ETF 0.9 57 -32 10.5 +0.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.9 72 -47 2.4 -7.8
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.9 10 15 8.5 -1.8
SDG iShares MSCI Global Sustainable Development Goals ETF 0.9 49 -24 4.6 -5.7
TPIF Timothy Plan International ETF 0.9 62 -37 5.5 -4.7
BUYZ Franklin Disruptive Commerce ETF 0.9 50 -25 2.4 -7.9
FFOG Franklin Focused Growth ETF 0.8 61 -36 1.5 -8.7
IDV iShares International Select Dividend ETF 0.8 51 -26 9.5 -0.8
IQM Franklin Intelligent Machines ETF 0.8 50 -25 1.1 -9.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.8 8 17 6.3 -3.9
IXC iShares Global Energy ETF 0.8 44 -19 7.9 -2.4
MOTO SmartETFs Smart Transportation & Technology ETF 0.8 68 -43 5.4 -4.9
EZA iShares MSCI South Africa ETF 0.8 58 -33 9.5 -0.8
RXI iShares Global Consumer Discretionary ETF 0.7 41 -16 8.3 -2.0
DIVS SmartETFs Dividend Builder ETF 0.7 65 -40 4.4 -5.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.7 39 -14 6.8 -3.5
IDRV iShares Self-driving EV & Tech ETF 0.7 47 -22 1.5 -8.8
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.7 80 -55 9.4 -0.9
HAP VanEck Natural Resources ETF 0.7 50 -25 7.0 -3.3
FPXI First Trust International Equity Opportunities ETF 0.7 70 -45 3.6 -6.6
FCLD Fidelity Cloud Computing ETF 0.7 39 -14 2.9 -7.4
QAT iShares MSCI Qatar ETF 0.6 59 -34 48.8 +38.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 -24 6.1 -4.2
BRAZ Global X Brazil Active ETF 0.6 75 -50 10.4 +0.2
VIGI Vanguard International Dividend Appreciation ETF 0.6 10 15 6.0 -4.3
BOTZ Global X Robotics & Artificial Intelligence ETF 0.6 69 -44 1.9 -8.3
OND ProShares On-Demand ETF 0.6 58 -33 0.5 -9.8
AWAY ETFMG Travel Tech ETF 0.5 76 -51 1.0 -9.3
SRVR Pacer Data & Infrastructure Real Estate ETF 0.5 55 -30 4.1 -6.2
CGDG Capital Group Dividend Growers ETF 0.5 47 -22 5.1 -5.1
SHPP Pacer Industrials and Logistics ETF 0.5 60 -35 6.6 -3.7
HERO Global X Video Games & Esports ETF 0.5 50 -25 6.0 -4.3
NERD Roundhill Video Games ETF 0.5 50 -25 7.9 -2.4
EPOL iShares MSCI Poland ETF 0.4 59 -34 8.9 -1.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.4 47 -22 5.0 -5.3
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.4 80 -55 11.8 +1.6
EPU iShares MSCI Peru and Global Exposure ETF 0.4 59 -34 4.4 -5.9
FPAG FPA Global Equity ETF 0.4 49 -24 5.7 -4.6
IPAV Global X Infrastructure Development ex-U.S. ETF 0.4 55 -30 5.9 -4.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.4 65 -40 6.3 -3.9
RING iShares MSCI Global Gold Miners ETF 0.4 39 -14 4.1 -6.2
BATT Amplify Lithium & Battery Technology ETF 0.4 59 -34 2.1 -8.2
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 -14 8.6 -1.6
BETZ Roundhill Sports Betting & iGaming ETF 0.4 75 -50 3.4 -6.9
IDOG ALPS International Sector Dividend Dogs ETF 0.4 50 -25 9.5 -0.7
IHAK iShares Cybersecurity & Tech ETF 0.4 47 -22 3.2 -7.0
INTF iShares International Equity Factor ETF 0.3 15 10 6.5 -3.8
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.3 58 -33 9.1 -1.2
AVRE Avantis Real Estate ETF 0.3 17 8 6.7 -3.5
JETS U.S. Global Jets ETF 0.3 60 -35 2.2 -8.1
CTEC Global X CleanTech ETF 0.3 50 -25 -0.0 -10.3
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.3 70 -45 3.9 -6.3
SMOG VanEck Low Carbon Energy ETF 0.3 61 -36 1.3 -9.0
EIDO iShares MSCI Indonesia ETF 0.3 59 -34 11.4 +1.2
RWO SPDR Dow Jones Global Real Estate ETF 0.3 50 -25 6.2 -4.1
IPKW Invesco International BuyBack Achievers ETF 0.3 55 -30 8.1 -2.2
ISHP First Trust Nasdaq Retail ETF 0.3 60 -35 5.4 -4.8
SCHC Schwab International Small-Cap Equity ETF 0.3 11 14 6.7 -3.5
EMIF iShares Emerging Markets Infrastructure ETF 0.3 60 -35 2.9 -7.3
GII SPDR S&P Global Infrastructure ETF 0.3 40 -15 4.2 -6.0
IGF iShares Global Infrastructure ETF 0.3 41 -16 4.2 -6.0
SLX VanEck Steel ETF 0.3 56 -31 11.0 +0.7
IQRA IQ CBRE Real Assets ETF 0.3 65 -40 5.8 -4.5
REET iShares Global REIT ETF 0.3 14 11 6.8 -3.4
SMIN iShares MSCI India Small Cap ETF 0.3 79 -54 3.2 -7.0
FTAG First Trust Indxx Global Agriculture ETF 0.2 70 -45 7.1 -3.1
OBOR KraneShares MSCI One Belt One Road Index ETF 0.2 79 -54 7.7 -2.6
RFDI First Trust Riverfront Dynamic Developed International ETF 0.2 83 -58 7.6 -2.7
DFGR Dimensional Global Real Estate ETF 0.2 22 3 6.9 -3.4
DRIV Global X Autonomous & Electric Vehicles ETF 0.2 68 -43 3.2 -7.1
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.2 39 -14 1.0 -9.3
LIT Global X Lithium & Battery Tech ETF 0.2 75 -50 5.5 -4.8
EV Mast Global Battery Recycling & Production ETF 0.2 65 -40 6.4 -3.9
GNR SPDR S&P Global Natural Resources ETF 0.2 40 -15 9.0 -1.3
DTAN Sparkline International Intangible Value ETF 0.2 55 -30 7.3 -3.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 -14 7.0 -3.3
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.2 61 -36 1.5 -8.7
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.2 61 -36 -0.7 -11.0
GMET VanEck Green Metals ETF 0.2 63 -38 0.8 -9.4
MXI iShares Global Materials ETF 0.2 41 -16 6.2 -4.1
DIVI Franklin International Core Dividend Tilt Index ETF 0.2 9 16 6.5 -3.7
ICOP iShares Copper and Metals Mining ETF 0.2 47 -22 6.0 -4.3
AVDE Avantis International Equity ETF 0.2 23 2 6.2 -4.1
ION ProShares S&P Global Core Battery Metals ETF 0.2 58 -33 6.6 -3.6
AVDV Avantis International Small Cap Value ETF 0.2 36 -11 7.9 -2.4
DFE WisdomTree Europe SmallCap Dividend Fund 0.2 58 -33 7.8 -2.5
DLS WisdomTree International SmallCap Dividend Fund 0.2 58 -33 7.5 -2.7
EWUS iShares MSCI United Kingdom Small Cap ETF 0.2 59 -34 7.3 -2.9
GDXJ VanEck Junior Gold Miners ETF 0.2 52 -27 3.4 -6.9
GOEX Global X Gold Explorers ETF 0.2 65 -40 2.5 -7.7
IEUS iShares MSCI Europe Small-Cap ETF 0.2 42 -17 6.9 -3.3
VEGI iShares MSCI Agriculture Producers ETF 0.2 39 -14 7.7 -2.5
DFIS Dimensional International Small Cap ETF 0.2 39 -14 6.2 -4.0
AUMI Themes Gold Miners ETF 0.2 35 -10 3.7 -6.5
AVDS Avantis International Small Cap Equity ETF 0.2 30 -5 6.1 -4.2
AUAU Global X Gold Miners ETF 0.2 35 -10 3.0 -7.2
IQSI IQ Candriam International Equity ETF 0.1 15 10 5.5 -4.8
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 -21 5.1 -5.1
IBUY Amplify Online Retail ETF 0.1 65 -40 2.2 -8.1
VGK Vanguard FTSE Europe ETF 0.1 6 19 6.5 -3.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 -33 3.5 -6.8
DXIV Dimensional International Vector Equity ETF 0.1 34 -9 6.6 -3.7
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 5 5.8 -4.5
SPEU SPDR Portfolio Europe ETF 0.1 7 18 6.5 -3.8
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 0 5.4 -4.9
AVIV Avantis International Large Cap Value ETF 0.1 25 0 6.9 -3.3
EPP iShares MSCI Pacific ex-Japan ETF 0.1 47 -22 5.0 -5.3
INEQ Columbia International Equity Income ETF 0.1 45 -20 7.9 -2.4
EWS iShares MSCI Singapore ETF 0.1 50 -25 3.8 -6.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.1 9 16 7.7 -2.6
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 -5 5.4 -4.8
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 -5 8.0 -2.3
LVHI Franklin International Low Volatility High Dividend Index ET 0.1 40 -15 7.5 -2.8
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.1 80 -55 3.6 -6.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.1 29 -4 7.0 -3.3
DIHP Dimensional International High Profitability ETF 0.1 29 -4 5.7 -4.5
EFRA iShares Environmental Infrastructure and Industrials ETF 0.1 47 -22 4.9 -5.3
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 0.1 65 -40 4.0 -6.2
FENI Fidelity Enhanced International ETF 0.1 28 -3 5.7 -4.6
DFIC Dimensional International Core Equity 2 ETF 0.1 23 2 6.2 -4.0
BKIE BNY Mellon International Equity ETF 0.1 4 21 5.9 -4.3
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 -15 6.2 -4.1
IPAC iShares Core MSCI Pacific ETF 0.1 9 16 5.4 -4.9
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 16 6.2 -4.1
FLEE Franklin FTSE Europe ETF 0.1 9 16 6.3 -4.0
DFAI Dimensional International Core Equity Market ETF 0.0 18 7 6.0 -4.3
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 1 5.6 -4.7
EFG iShares MSCI EAFE Growth ETF 0.0 36 -11 3.7 -6.5
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 -5 6.1 -4.2
IMTM iShares MSCI Intl Momentum Factor ETF 0.0 30 -5 4.6 -5.6
IEFA iShares Core MSCI EAFE ETF 0.0 7 18 6.0 -4.3
DWM WisdomTree International Equity Fund 0.0 48 -23 5.6 -4.7
GWX SPDR S&P International Small Cap ETF 0.0 40 -15 6.0 -4.3
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 21 6.0 -4.3
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.0 20 5 5.5 -4.8
EFA iShares MSCI EAFE ETF 0.0 35 -10 5.7 -4.6
HEFA iShares Currency Hedged MSCI EAFE ETF 0.0 35 -10 5.6 -4.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.0 36 -11 5.1 -5.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 -15 5.6 -4.6
ISCF iShares International SmallCap Equity Factor ETF 0.0 23 2 7.3 -2.9
WSML iShares MSCI World Small-Cap ETF 0.0 15 10 5.3 -5.0
EFV iShares MSCI EAFE Value ETF 0.0 34 -9 7.5 -2.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.0 25 0 6.1 -4.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.0 20 5 5.6 -4.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 -14 6.2 -4.0
TINT ProShares Smart Materials ETF 0.0 58 -33 5.7 -4.5
IEUR iShares Core MSCI Europe ETF 0.0 11 14 6.4 -3.9
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 -5 5.1 -5.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 -17 4.0 -6.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 16 4.4 -5.9
TOK iShares MSCI Kokusai ETF 0.0 26 -1 4.2 -6.0
URTH iShares MSCI World ETF 0.0 24 1 4.3 -6.0
TUR iShares MSCI Turkey ETF 0.0 58 -33 13.3 +3.0

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

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

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

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

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.2 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 10.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.51 CATEGORY
AVERAGE		 1.53
 
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.