Freedom 100 Emerging Markets ETF
ALTAR
Score™		 7.3% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 10.9x P/Sales
ratio		 0.9x
P/BV
ratio		 1.6x Div.
yield		 4.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
FRDM tracks the Life + Liberty Freedom 100 Emerging Markets Index. The Index is a freedom-weighted EM equity strategy that uses human and economic freedom metrics as primary factors in the investment selection process.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Empirical Finance LLC
Website etfsite.alphaarchitect.com/frdm/
Inception date May 22, 2019
Assets (mns) $772
Currency USD
Expense ratio 49 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 109
Wgt avg mkt cap (mns) $110,895
Large cap (>$10bn) 68.7%
Mid cap ($2-10bn) 25.5%
Small cap (<$2bn) 3.6%
Developed mkts 1.7%
Emerging mkts 98.3%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR-SP ADR 8.6 %
SAMSUNG ELECTRONICS CO LTD 7.7 %
BANK PEKAO SA 4.4 %
HON HAI PRECISION INDUSTRY 4.1 %
QUIMICA Y MINERA CHIL-SP ADR 4.0 %
HYNIX SEMICONDUCTOR INC 3.3 %
MEDIATEK INC 3.0 %
BANCO DE CHILE 2.8 %
LAN AIRLINES SA 2.2 %
DINO POLSKA SA 2.1 %
Total 42.2 %

TOP COUNTRY EXPOSURE
TAIWAN 23.9 %
CHILE 18.2 %
SOUTH KOREA 18.0 %
POLAND 12.8 %
SOUTH AFRICA 5.7 %
BRAZIL 5.2 %
MALAYSIA 3.4 %
THAILAND 2.7 %
INDONESIA 2.6 %
MEXICO 2.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
2.6% 18.7% -- -- 7.5%

Market Correlations
versus... Beta R-squared
S&P500 1.00 68%
MSCI EAFE 1.10 76%
MSCI Emg. Mkts. 1.02 70%

Technical Indicators
Recent close $32.65
30d moving avg. $30.98
Annualized volatility 21.4%
Short interest (ETF) 0.4%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 99
Turnover 0.4%
Bid/Ask (% of price) 0.33%
ADV underlying (mns) $7,682

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 358 potential alternatives to the Freedom 100 Emerging Markets ETF ETF based on the alternatives' overlap in portfolio holdings with FRDM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FRDM Expense: 49 bp ALTAR Score™: 7.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FRDM
Ticker Fund
Name		 Overlap1
vs FRDM
(%)		 Expense
ratio
(bp)		 Savings
vs FRDM
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FRDM
(%)
EMC Global X Emerging Markets Great Consumer ETF 28.5 75 -26 4.9 -2.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 25.2 24 25 7.1 -0.2
EMM Global X Emerging Markets ex-China ETF 24.8 75 -26 3.7 -3.6
AIA iShares Asia 50 ETF 23.1 50 -1 7.0 -0.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 23.1 75 -26 9.6 +2.3
XC WisdomTree Emerging Markets Ex-China Fund 22.2 32 17 6.2 -1.1
XCEM Columbia EM Core ex-China ETF 21.8 16 33 7.4 +0.1
STXE Strive Emerging Markets Ex-China ETF 21.0 32 17 6.9 -0.4
EMXC iShares MSCI Emerging Markets ex China ETF 20.0 25 24 6.7 -0.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 17.7 32 17 6.3 -1.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 16.9 30 19 7.5 +0.2
EWY iShares MSCI South Korea ETF 16.8 58 -9 8.5 +1.2
FLKR Franklin FTSE South Korea ETF 16.8 9 40 9.3 +2.0
JHEM John Hancock Multifactor Emerging Markets ETF 16.0 49 0 8.4 +1.1
AVEM Avantis Emerging Markets Equity ETF 14.9 33 16 9.2 +1.9
EEM iShares MSCI Emerging Markets ETF 14.8 69 -20 7.0 -0.3
EPOL iShares MSCI Poland ETF 14.6 59 -10 10.4 +3.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 14.5 32 17 7.6 +0.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 14.4 66 -17 7.2 -0.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 14.4 33 16 7.2 -0.1
GMF SPDR S&P Emerging Asia Pacific ETF 14.3 49 0 6.4 -0.9
EEMA iShares MSCI Emerging Markets Asia ETF 14.2 49 0 6.7 -0.6
FLTW Franklin FTSE Taiwan ETF 14.1 19 30 6.0 -1.3
EWT iShares MSCI Taiwan ETF 14.1 58 -9 5.8 -1.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 14.0 15 34 7.1 -0.2
BKEM BNY Mellon Emerging Markets Equity ETF 14.0 11 38 7.7 +0.4
EMGF iShares Emerging Markets Equity Factor ETF 14.0 25 24 8.7 +1.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 13.8 95 -46 11.5 +4.2
DEHP Dimensional Emerging Markets High Profitability ETF 13.8 41 8 7.3 +0.0
ECH iShares MSCI Chile ETF 13.8 58 -9 10.6 +3.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 13.6 36 13 7.5 +0.2
ESGE iShares ESG Aware MSCI EM ETF 13.5 25 24 7.7 +0.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 13.3 50 -1 10.6 +3.3
ROAM Hartford Multifactor Emerging Markets ETF 13.1 44 5 11.8 +4.5
EMXF iShares ESG Advanced MSCI EM ETF 13.1 16 33 7.5 +0.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 13.0 70 -21 6.4 -1.0
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 12.8 18 31 7.9 +0.6
UMMA Wahed Dow Jones Islamic World ETF 12.7 65 -16 4.3 -3.0
IEMG iShares Core MSCI Emerging Markets ETF 12.6 9 40 7.6 +0.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 12.1 39 10 12.7 +5.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 12.0 45 4 8.6 +1.3
FLAX Franklin FTSE Asia Ex Japan ETF 11.9 19 30 7.2 -0.1
LDEM iShares ESG MSCI EM Leaders ETF 11.8 17 32 7.8 +0.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 11.6 30 19 8.6 +1.3
DFEV Dimensional Emerging Markets Value ETF 11.5 43 6 11.0 +3.7
DEM WisdomTree Emerging Markets High Dividend Fund 11.5 63 -14 12.9 +5.6
CARZ First Trust NASDAQ Global Auto Index Fund 11.4 70 -21 3.5 -3.8
DFAE Dimensional Emerging Core Equity Market ETF 11.4 35 14 7.8 +0.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 11.1 20 29 7.5 +0.2
MINV Matthews Asia Innovators Active ETF 10.8 79 -30 2.9 -4.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 10.1 88 -39 6.2 -1.1
NUEM Nuveen ESG Emerging Markets Equity ETF 10.0 36 13 6.8 -0.5
EMMF WisdomTree Emerging Markets Multifactor Fund 9.8 48 1 9.4 +2.1
AVES Avantis Emerging Markets Value ETF 9.4 36 13 12.2 +4.9
VWO Vanguard FTSE Emerging Markets ETF 8.8 8 41 7.6 +0.3
FDEM Fidelity Emerging Markets Multifactor ETF 8.7 25 24 12.0 +4.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 8.7 59 -10 9.6 +2.3
JIG JPMorgan International Growth ETF 8.7 55 -6 4.3 -3.0
PXH Invesco FTSE RAFI Emerging Markets ETF 8.6 49 0 12.5 +5.2
RNEM First Trust Emerging Markets Equity Select ETF 8.6 75 -26 8.3 +1.0
SMH VanEck Semiconductor ETF 8.6 35 14 4.3 -3.0
FLN First Trust Latin America AlphaDEX Fund 8.4 80 -31 10.9 +3.6
SCHE Schwab Emerging Markets Equity ETF 8.4 11 38 7.6 +0.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 8.3 41 8 7.9 +0.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 8.2 29 20 8.2 +0.9
SPEM SPDR Portfolio Emerging Markets ETF 8.1 7 42 7.5 +0.2
GGME Invesco Next Gen Media and Gaming ETF 8.1 60 -11 4.0 -3.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 7.9 38 11 8.3 +1.0
ILF iShares Latin America 40 ETF 7.8 48 1 10.2 +2.9
KNCT Invesco Next Gen Connectivity ETF 7.8 40 9 5.9 -1.4
FLLA Franklin FTSE Latin America ETF 7.7 19 30 11.5 +4.2
GVAL Cambria Global Value ETF 7.5 68 -19 12.3 +5.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 7.5 78 -29 9.0 +1.7
ECOW Pacer Emerging Markets Cash Cows 100 ETF 7.3 70 -21 11.4 +4.1
METV Roundhill Ball Metaverse ETF 7.0 59 -10 3.3 -4.0
NXTG First Trust Indxx NextG ETF 6.9 70 -21 6.0 -1.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 6.8 25 24 7.0 -0.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 6.7 20 29 10.7 +3.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 6.7 44 5 10.3 +3.0
MOTO SmartETFs Smart Transportation & Technology ETF 6.5 68 -19 6.7 -0.6
EEMO Invesco S&P Emerging Markets Momentum ETF 6.3 29 20 6.2 -1.1
MEM Matthews Emerging Markets Equity Active ETF 6.3 79 -30 5.8 -1.5
SDEM Global X MSCI SuperDividend Emerging Markets ETF 6.2 67 -18 17.4 +10.1
VPL Vanguard FTSE Pacific ETF 6.0 8 41 6.9 -0.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 6.0 40 9 7.1 -0.2
APIE ActivePassive International Equity ETF 5.8 45 4 7.7 +0.4
DSTX Distillate International Fundamental Stability & Value ETF 5.8 55 -6 8.0 +0.7
OSEA Harbor International Compounders ETF 5.8 55 -6 3.7 -3.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.7 42 7 6.8 -0.5
FMET Fidelity Metaverse ETF 5.4 39 10 4.3 -3.0
DINT Davis Select International ETF 5.4 55 -6 4.8 -2.5
EDIV SPDR S&P Emerging Markets Dividend ETF 5.4 49 0 11.0 +3.7
CWI SPDR MSCI ACWI ex-US ETF 5.2 30 19 6.8 -0.5
WTAI WisdomTree Artificial Intelligence and Innovation Fund 5.1 45 4 1.4 -5.9
AOTG AOT Growth and Innovation ETF 5.1 75 -26 3.0 -4.3
AFK VanEck Africa Index ETF 5.1 98 -49 9.9 +2.6
WWJD Inspire International ETF 5.0 80 -31 7.1 -0.2
VEU Vanguard FTSE All-World ex-US Index Fund 4.9 8 41 7.2 -0.2
LIT Global X Lithium & Battery Tech ETF 4.9 75 -26 10.2 +2.9
FEM First Trust Emerging Markets AlphaDEX Fund 4.7 80 -31 16.4 +9.1
WUGI AXS Esoterica NextG Economy ETF 4.7 75 -26 2.1 -5.2
NTZG Nuveen Global Net Zero Transition ETF 4.7 56 -7 4.9 -2.4
SOXX iShares Semiconductor ETF 4.7 35 14 5.4 -1.9
AIQ Global X Artificial Intelligence & Technology ETF 4.6 68 -19 4.1 -3.2
WRND IQ Global Equity R&D Leaders ETF 4.6 18 31 7.1 -0.2
SOXQ Invesco PHLX Semiconductor ETF 4.5 19 30 5.2 -2.1
AGQI First Trust Active Global Quality Income ETF 4.5 85 -36 5.8 -1.5
GDVD R3 Global Dividend Growth ETF 4.4 88 -39 5.8 -1.5
VSGX Vanguard ESG International Stock ETF 4.4 12 37 6.8 -0.5
ION ProShares S&P Global Core Battery Metals ETF 4.4 58 -9 11.5 +4.2
DVYE iShares Emerging Markets Dividend ETF 4.3 49 0 16.6 +9.3
TINY ProShares Nanotechnology ETF 4.3 58 -9 1.9 -5.4
VIDI Vident International Equity Strategy ETF 4.2 61 -12 11.9 +4.6
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 4.2 60 -11 1.0 -6.3
ASEA Global X FTSE Southeast Asia ETF 4.2 65 -16 6.4 -0.9
CHAT Roundhill Generative AI & Technology ETF 4.2 75 -26 4.2 -3.1
ACWX iShares MSCI ACWI ex U.S. ETF 4.2 34 15 6.7 -0.6
DRIV Global X Autonomous & Electric Vehicles ETF 4.1 68 -19 3.4 -3.9
LITP Sprott Lithium Miners ETF 4.0 65 -16 12.2 +4.9
SETM Sprott Energy Transition Materials ETF 4.0 65 -16 5.4 -1.9
REMX VanEck Rare Earth/Strategic Metals ETF 4.0 54 -5 11.9 +4.6
BNE Blue Horizon BNE ETF 4.0 87 -38 5.0 -2.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.0 41 8 6.6 -0.7
BKCI BNY Mellon Concentrated International ETF 3.9 80 -31 5.2 -2.1
DWLD Davis Select Worldwide ETF 3.9 63 -14 5.6 -1.7
EZA iShares MSCI South Africa ETF 3.9 58 -9 11.4 +4.1
VYMI Vanguard International High Dividend Yield ETF 3.8 22 27 9.7 +2.4
IXN iShares Global Tech ETF 3.8 41 8 4.3 -3.0
EDOG ALPS Emerging Sector Dividend Dogs ETF 3.7 60 -11 14.7 +7.4
CGGO Capital Group Global Growth Equity ETF 3.7 47 2 4.3 -3.0
VXUS Vanguard Total International Stock ETF 3.6 7 42 7.1 -0.2
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 3.6 86 -37 1.9 -5.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.6 75 -26 3.2 -4.1
IXUS iShares Core MSCI Total International Stock ETF 3.6 7 42 6.9 -0.4
FLBR Franklin FTSE Brazil ETF 3.6 19 30 12.3 +5.0
EWZ iShares MSCI Brazil ETF 3.6 58 -9 11.7 +4.4
RODE Hartford Multifactor Diversified International ETF 3.5 29 20 11.5 +4.2
TDIV First Trust NASDAQ Technology Dividend Index Fund 3.5 50 -1 5.9 -1.5
TMFG Motley Fool Global Opportunities ETF 3.4 85 -36 3.3 -4.1
XNTK SPDR NYSE Technology ETF 3.4 35 14 3.9 -3.4
EWM iShares MSCI Malaysia ETF 3.4 50 -1 5.7 -1.6
DIVZ TrueShares Low Volatility Equity Income ETF 3.3 65 -16 8.6 +1.3
GFGF Guru Favorite Stocks ETF Guru Favorite Stocks Fund 3.3 65 -16 3.7 -3.6
LOUP Innovator Deepwater Frontier Tech ETF 3.3 70 -21 2.3 -5.0
IQM Franklin Intelligent Machines ETF 3.3 50 -1 3.1 -4.2
DIVS SmartETFs Dividend Builder ETF 3.2 65 -16 4.7 -2.6
CGRO CoreValues Alpha Greater China Growth ETF 3.2 75 -26 2.6 -4.7
FNDF Schwab Fundamental International Large Co. Index ETF 3.2 25 24 9.0 +1.7
QTUM Defiance Quantum ETF 3.2 40 9 3.9 -3.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.1 46 3 8.9 +1.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.1 30 19 7.8 +0.5
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.0 80 -31 9.9 +2.6
EV Mast Global Battery Recycling & Production ETF 3.0 65 -16 12.8 +5.5
PICK iShares MSCI Global Metals & Mining Producers ETF 3.0 39 10 11.1 +3.8
BLES Inspire Global Hope ETF 2.9 61 -12 6.3 -1.0
DARP Grizzle Growth ETF 2.9 75 -26 3.1 -4.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.9 47 2 10.2 +2.9
SXUS Janus Henderson International Sustainable Equity ETF 2.8 60 -11 4.6 -2.7
JSTC Adasina Social Justice All Cap Global ETF 2.8 89 -40 4.7 -2.6
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 2.8 61 -12 -4.0 -11.3
CGXU Capital Group International Focus Equity ETF 2.7 54 -5 4.1 -3.2
EEMD AAM S&P Emerging Markets High Dividend Value ETF 2.7 49 0 19.0 +11.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.7 65 -16 8.4 +1.1
BKF iShares MSCI BIC ETF 2.7 69 -20 7.2 -0.1
DEW WisdomTree Global High Dividend Fund 2.7 58 -9 9.0 +1.7
ARVR First Trust Indxx Metaverse ETF 2.7 70 -21 2.5 -4.8
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.7 45 4 4.8 -2.5
KOIN Capital Link Global Fintech Leaders ETF 2.7 75 -26 4.6 -2.7
HFXI IQ FTSE International Equity Currency Neutral ETF 2.7 20 29 6.8 -0.5
EIDO iShares MSCI Indonesia ETF 2.6 59 -10 7.5 +0.2
IDX VanEck Indonesia Index ETF 2.6 57 -8 8.0 +0.7
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.6 90 -41 6.9 -0.4
ARKQ ARK Autonomous Technology & Robotics ETF 2.5 75 -26 1.7 -5.7
EYLD Cambria Emerging Shareholder Yield ETF 2.5 66 -17 12.2 +4.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.4 45 4 8.4 +1.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.4 65 -16 1.6 -5.7
SCHF Schwab International Equity ETF 2.4 6 43 7.0 -0.3
BATT Amplify Lithium & Battery Technology ETF 2.4 59 -10 2.9 -4.4
IDAT iShares Future Cloud 5G and Tech ETF 2.4 47 2 4.6 -2.7
UEVM VictoryShares Emerging Markets Value Momentum ETF 2.4 45 4 12.8 +5.5
IQDF FlexShares International Quality Dividend Index Fund 2.3 47 2 10.7 +3.4
ECON Columbia Emerging Markets Consumer ETF 2.3 49 0 4.8 -2.6
IGPT Invesco AI and Next Gen Software ETF 2.3 60 -11 3.8 -3.6
UIVM VictoryShares International Value Momentum ETF 2.3 35 14 10.6 +3.3
BTEK Future Tech ETF 2.2 88 -39 2.1 -5.2
VEA Vanguard FTSE Developed Markets ETF 2.2 5 44 6.9 -0.4
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 2.2 80 -31 14.3 +7.0
RFFC ALPS Active Equity Opportunity ETF 2.1 48 1 4.5 -2.8
GVIP Goldman Sachs Hedge Industry VIP ETF 2.0 45 4 4.6 -2.7
IPKW Invesco International BuyBack Achievers ETF 2.0 55 -6 9.1 +1.8
BRAZ Global X Brazil Active ETF 2.0 75 -26 10.1 +2.8
PBD Invesco Global Clean Energy ETF 2.0 75 -26 -3.8 -11.1
SDG iShares MSCI Global Sustainable Development Goals ETF 1.9 49 0 5.7 -1.6
FBZ First Trust Brazil AlphaDEX Fund 1.9 80 -31 11.7 +4.4
SATO Invesco Alerian Galaxy Crypto Economy ETF 1.9 61 -12 -12.7 -20.0
KOCG FIS Knights of Columbus Global Belief ETF 1.9 75 -26 5.3 -2.0
EPU iShares MSCI Peru and Global Exposure ETF 1.8 59 -10 5.6 -1.7
GXG Global X MSCI Colombia ETF 1.8 62 -13 15.0 +7.7
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 1.8 45 4 6.3 -1.0
AADR AdvisorShares Dorsey Wright ADR ETF 1.8 110 -61 5.3 -2.0
SNSR Global X Internet of Things ETF 1.8 68 -19 4.4 -2.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.7 9 40 5.7 -1.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.7 60 -11 10.0 +2.7
HAP VanEck Natural Resources ETF 1.7 50 -1 9.5 +2.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 1.7 86 -37 2.0 -5.3
GSFP Goldman Sachs Future Planet Equity ETF 1.7 75 -26 4.6 -2.8
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.7 68 -19 5.2 -2.1
WOOD iShares Global Timber & Forestry ETF 1.7 42 7 9.6 +2.3
XT iShares Exponential Technologies ETF 1.7 46 3 3.9 -3.5
MOO VanEck Agribusiness ETF 1.6 53 -4 9.3 +2.0
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 1.6 79 -30 5.2 -2.2
BLOK Amplify Transformational Data Sharing ETF 1.6 75 -26 1.1 -6.2
BWEB Bitwise Web3 ETF 1.6 85 -36 0.9 -6.4
GNR SPDR S&P Global Natural Resources ETF 1.5 40 9 9.3 +2.0
ACWI iShares MSCI ACWI ETF 1.5 32 17 5.4 -1.9
PBW Invesco WilderHill Clean Energy ETF 1.5 66 -17 -19.6 -26.9
VIGI Vanguard International Dividend Appreciation ETF 1.5 15 34 5.5 -1.8
FTRI First Trust Indxx Global Natural Resources Income ETF 1.5 70 -21 10.7 +3.4
VT Vanguard Total World Stock ETF 1.5 7 42 5.8 -1.5
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.5 75 -26 5.2 -2.1
IQDE FlexShares International Quality Dividend Defensive Index ET 1.5 47 2 10.6 +3.3
DWX SPDR S&P International Dividend ETF 1.4 45 4 7.1 -0.2
EPHE iShares MSCI Philippines ETF 1.4 59 -10 8.9 +1.6
GMET VanEck Green Metals ETF 1.4 63 -14 10.2 +2.9
ACWV iShares MSCI Global Min Vol Factor ETF 1.4 20 29 6.7 -0.6
CUT Invesco MSCI Global Timber ETF 1.4 61 -12 8.5 +1.2
IXG iShares Global Financials ETF 1.4 42 7 6.8 -0.5
ZSB USCF Sustainable Battery Metals Strategy Fund 1.4 61 -12 14.9 +7.6
TTAI FCF International Quality ETF 1.4 59 -10 7.3 0.0
JPIN J.P. Morgan Diversified Return International Equity ETF 1.3 37 12 8.6 +1.3
FTAG First Trust Indxx Global Agriculture ETF 1.3 70 -21 9.1 +1.8
FLMX Franklin FTSE Mexico ETF 1.3 19 30 10.7 +3.4
IGRO iShares International Dividend Growth ETF 1.3 15 34 7.0 -0.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.3 20 29 5.6 -1.7
EWW iShares MSCI Mexico ETF 1.3 50 -1 9.6 +2.3
GINN Goldman Sachs Innovate Equity ETF 1.3 52 -3 2.7 -4.6
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 1.2 68 -19 8.9 +1.6
GLOF iShares Global Equity Factor ETF 1.2 20 29 7.0 -0.3
ARGT Global X MSCI Argentina ETF 1.2 59 -10 7.2 -0.1
TPIF Timothy Plan International ETF 1.2 62 -13 6.7 -0.6
IOO iShares Global 100 ETF 1.2 41 8 4.8 -2.5
OGIG ALPS O'Shares Global Internet Giants ETF 1.2 48 1 0.4 -6.9
SLX VanEck Steel ETF 1.1 56 -7 20.4 +13.1
MAKX ProShares S&P Kensho Smart Factories ETF 1.1 58 -9 0.4 -6.9
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 1.1 58 -9 -0.3 -7.6
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 1.1 51 -2 6.8 -0.5
CIL VictoryShares International Volatility Wtd ETF 1.1 45 4 6.8 -0.5
QINT American Century Quality Diversified International ETF 1.1 39 10 7.4 +0.1
RSHO Tema American Reshoring ETF 1.1 75 -26 3.6 -3.7
CGGR Capital Group Growth ETF 1.1 39 10 3.4 -3.9
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 1.1 49 0 10.4 +3.1
FM iShares Frontier and Select EM ETF 1.1 80 -31 9.5 +2.2
TEMP JPMorgan Climate Change Solutions ETF 1.1 49 0 4.7 -2.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.1 12 37 5.0 -2.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.0 58 -9 4.6 -2.7
MOTI VanEck Morningstar International Moat ETF 1.0 58 -9 6.9 -0.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.0 80 -31 10.7 +3.4
TRFM AAM Transformers ETF 1.0 49 0 1.2 -6.1
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 1.0 47 2 0.7 -6.7
SPDW SPDR Portfolio Developed World ex-US ETF 1.0 3 46 6.9 -0.4
CID VictoryShares International High Div Volatility Wtd ETF 1.0 45 4 9.4 +2.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 1.0 65 -16 12.7 +5.4
DGT SPDR Global Dow ETF 1.0 50 -1 6.6 -0.7
MXI iShares Global Materials ETF 0.9 41 8 6.7 -0.6
ISHP First Trust Nasdaq Retail ETF 0.9 60 -11 3.1 -4.2
KPOP KPOP and Korean Entertainment ETF 0.9 75 -26 -9.0 -16.3
FDNI First Trust Dow Jones International Internet ETF 0.9 65 -16 2.8 -4.6
SOCL Global X Social Media ETF 0.9 65 -16 -5.7 -13.0
CTEC Global X CleanTech ETF 0.9 50 -1 1.0 -6.4
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.9 39 10 -3.6 -10.9
ETEC iShares Breakthrough Environmental Solutions ETF 0.9 47 2 5.3 -2.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.9 72 -23 2.2 -5.1
IDRV iShares Self-driving EV & Tech ETF 0.9 47 2 -0.5 -7.8
BECO BlackRock Future Climate and Sustainable Economy ETF 0.9 70 -21 13.7 +6.4
SMOG VanEck Low Carbon Energy ETF 0.9 61 -12 3.0 -4.3
PID Invesco International Dividend Achievers ETF 0.9 53 -4 6.7 -0.6
VRAI Virtus Real Asset Income ETF 0.9 55 -6 8.5 +1.2
SGDM Sprott Gold Miners ETF 0.9 50 -1 6.1 -1.2
GDX VanEck Gold Miners ETF 0.9 51 -2 4.8 -2.5
ESPO VanEck Video Gaming and eSports ETF 0.9 56 -7 4.5 -2.8
HERO Global X Video Games & Esports ETF 0.9 50 -1 5.1 -2.2
NERD Roundhill Video Games ETF 0.9 50 -1 7.9 +0.6
ODDS Pacer BlueStar Digital Entertainment ETF 0.9 60 -11 3.0 -4.4
FMIL Fidelity New Millennium ETF 0.9 59 -10 4.3 -3.0
IXP iShares Global Comm Services ETF 0.9 42 7 5.1 -2.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.9 39 10 6.8 -0.5
IBUY Amplify Online Retail ETF 0.8 65 -16 1.8 -5.6
ROBO ROBO Global Robotics & Automation Index ETF 0.8 95 -46 2.8 -4.5
RXI iShares Global Consumer Discretionary ETF 0.8 41 8 5.6 -1.7
JAVA JPMorgan Active Value ETF 0.8 44 5 6.3 -1.0
MVPS Amplify Thematic All-Stars ETF 0.8 49 0 1.6 -5.7
CGUS Capital Group Core Equity ETF 0.8 33 16 4.7 -2.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.8 49 0 6.6 -0.7
ARKW ARK Next Generation Internet ETF 0.7 87 -38 -2.9 -10.2
CLNR IQ Cleaner Transport ETF 0.7 45 4 8.3 +1.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.7 70 -21 7.3 -0.0
WGMI Valkyrie Bitcoin Miners ETF 0.7 75 -26 -10.3 -17.6
EWX SPDR S&P Emerging Markets Small Cap ETF 0.7 65 -16 7.7 +0.4
AGNG Global X Aging Population ETF 0.6 50 -1 4.1 -3.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.6 58 -9 10.1 +2.8
OBOR KraneShares MSCI One Belt One Road Index ETF 0.6 79 -30 10.4 +3.1
JRNY ALPS Global Travel Beneficiaries ETF 0.6 65 -16 -0.0 -7.3
CVY Invesco Zacks Multi-Asset Income ETF 0.6 106 -57 8.9 +1.6
HART IQ Healthy Hearts ETF 0.6 45 4 5.3 -2.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.6 24 25 8.5 +1.2
IVRS iShares Future Metaverse Tech and Communications ETF 0.6 47 2 -5.3 -12.6
VEGI iShares MSCI Agriculture Producers ETF 0.6 39 10 9.1 +1.8
BPAY BlackRock Future Financial and Technology ETF 0.6 70 -21 8.0 +0.7
FBCG Fidelity Blue Chip Growth ETF 0.5 59 -10 2.5 -4.8
FVD First Trust Value Line Dividend Index Fund 0.5 65 -16 6.0 -1.3
HELX Franklin Genomic Advancements ETF 0.5 50 -1 1.7 -5.7
GCOW Pacer Global Cash Cows Dividend ETF 0.5 60 -11 13.6 +6.3
SCHC Schwab International Small-Cap Equity ETF 0.5 11 38 6.4 -0.9
JGRO JPMorgan Active Growth ETF 0.4 44 5 3.4 -3.9
KOMP SPDR S&P Kensho New Economies Composite ETF 0.4 20 29 2.1 -5.2
EXI iShares Global Industrials ETF 0.4 42 7 4.6 -2.7
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.4 10 39 8.0 +0.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 7 42 6.5 -0.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.4 47 2 5.9 -1.4
IXJ iShares Global Healthcare ETF 0.3 42 7 6.1 -1.3
BLLD JPMorgan Sustainable Infrastructure ETF 0.3 49 0 6.2 -1.1
IDHQ Invesco S&P International Developed High Quality ETF 0.3 29 20 5.7 -1.6
NDIV Amplify Natural Resources Dividend Income ETF 0.3 59 -10 9.7 +2.4
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 -13 3.7 -3.6
KXI iShares Global Consumer Staples ETF 0.3 41 8 5.6 -1.7
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.3 12 37 8.6 +1.3
SCHY Schwab International Dividend Equity ETF 0.3 14 35 9.2 +1.9
SPEU SPDR Portfolio Europe ETF 0.3 7 42 6.5 -0.8
VGK Vanguard FTSE Europe ETF 0.2 11 38 6.8 -0.5
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 40 6.7 -0.6
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 4 3.3 -4.0
SHPP Pacer Industrials and Logistics ETF 0.2 60 -11 8.7 +1.4
FLEE Franklin FTSE Europe ETF 0.2 9 40 6.8 -0.5
IMFL Invesco International Developed Dynamic Multifactor ETF 0.2 34 15 10.5 +3.2
IQSI IQ Candriam International Equity ETF 0.2 15 34 6.4 -0.9
INTF iShares International Equity Factor ETF 0.1 15 34 7.8 +0.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 10 7.3 -0.1
SDIV Global X Superdividend ETF 0.1 58 -9 17.7 +10.4
GOEX Global X Gold Explorers ETF 0.1 65 -16 5.0 -2.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 29 6.6 -0.7
BKIE BNY Mellon International Equity ETF 0.1 4 45 6.8 -0.5
JETS U.S. Global Jets ETF 0.1 60 -11 -15.3 -22.6
GLIF AGF Global Infrastructure ETF 0.1 45 4 5.5 -1.8
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 3 5.6 -1.7
EMIF iShares Emerging Markets Infrastructure ETF 0.1 60 -11 4.7 -2.7
IGF iShares Global Infrastructure ETF 0.1 41 8 5.0 -2.3
GII SPDR S&P Global Infrastructure ETF 0.1 40 9 5.0 -2.3
IXC iShares Global Energy ETF 0.1 44 5 8.3 +1.0
KRUZ Unusual Whales Subversive Republican Trading ETF 0.1 75 -26 4.9 -2.4
FILL iShares MSCI Global Energy Producers ETF 0.1 39 10 9.1 +1.8
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF 0.1 85 -36 -0.9 -8.2
NANC Unusual Whales Subversive Democratic Trading ETF 0.1 75 -26 3.7 -3.6
DTCR Global X Data Center & Digital Infrastructure ETF 0.1 50 -1 2.7 -4.6
SRVR Pacer Data & Infrastructure Real Estate ETF 0.1 55 -6 2.9 -4.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 7 5.1 -2.2
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 40 8.0 +0.7
IPOS Renaissance International IPO ETF 0.0 80 -31 -169.2 -176.5
EMFQ Amplify Emerging Markets FinTech ETF 0.0 69 -20 5.4 -1.9

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:		 Freedom 100 Emerging Markets ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.1 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.43 CATEGORY
AVERAGE		 1.39
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

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

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

 

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