Freedom 100 Emerging Markets ETF
ALTAR
Score™		 7.3% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 10.7x P/Sales
ratio		 0.9x
P/BV
ratio		 1.7x Div.
yield		 4.0%


  • 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) $890
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) $138,619
Large cap (>$10bn) 67.0%
Mid cap ($2-10bn) 27.5%
Small cap (<$2bn) 3.0%
Developed mkts 1.8%
Emerging mkts 98.2%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR-SP ADR 11.8 %
HON HAI PRECISION INDUSTRY 5.7 %
SAMSUNG ELECTRONICS CO LTD 5.0 %
MEDIATEK INC 3.6 %
BANK PEKAO SA 3.4 %
QUIMICA Y MINERA CHIL-SP ADR 3.2 %
HYNIX SEMICONDUCTOR INC 3.1 %
BANCO DE CHILE 2.7 %
S.A.C.I. FALABELLA 2.5 %
LAN AIRLINES SA 2.1 %
Total 43.1 %

TOP COUNTRY EXPOSURE
TAIWAN 30.6 %
CHILE 17.1 %
SOUTH KOREA 13.7 %
POLAND 12.0 %
SOUTH AFRICA 6.6 %
BRAZIL 4.5 %
MALAYSIA 3.5 %
THAILAND 3.2 %
INDONESIA 2.9 %
MEXICO 1.5 %

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.
6.3% 25.9% 7.9% -- 7.4%

Market Correlations
versus... Beta R-squared
S&P500 1.06 73%
MSCI EAFE 1.04 74%
MSCI Emg. Mkts. 1.02 69%

Technical Indicators
Recent close $33.89
30d moving avg. $35.80
Annualized volatility 21.4%
Short interest (ETF) 0.2%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 154
Turnover 0.6%
Bid/Ask (% of price) 0.33%
ADV underlying (mns) $5,134

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 392 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
(%)
EMM Global X Emerging Markets ex-China ETF 28.0 75 -26 4.2 -3.0
EMC Global X Emerging Markets Great Consumer ETF 27.4 75 -26 4.5 -2.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 24.8 24 25 9.2 +1.9
FTHF First Trust Emerging Markets Human Flourishing ETF 22.7 75 -26 8.9 +1.6
EMDM First Trust Bloomberg Emerging Market Democracies ETF 21.5 75 -26 8.2 +1.0
XC WisdomTree Emerging Markets Ex-China Fund 21.1 32 17 6.0 -1.3
XCEM Columbia EM Core ex-China ETF 20.4 16 33 7.7 +0.4
STXE Strive Emerging Markets Ex-China ETF 20.4 32 17 7.0 -0.3
AIA iShares Asia 50 ETF 19.7 50 -1 6.6 -0.7
FLTW Franklin FTSE Taiwan ETF 17.7 19 30 5.9 -1.4
EWT iShares MSCI Taiwan ETF 17.7 58 -9 5.7 -1.6
EMXC iShares MSCI Emerging Markets ex China ETF 17.4 25 24 6.7 -0.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 17.0 32 17 6.2 -1.1
ECON Columbia Emerging Markets Consumer ETF 16.9 49 0 7.3 +0.1
AVEM Avantis Emerging Markets Equity ETF 16.1 33 16 8.9 +1.6
GMF SPDR S&P Emerging Asia Pacific ETF 16.1 49 0 6.1 -1.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 15.9 15 34 10.2 +3.0
JHEM John Hancock Multifactor Emerging Markets ETF 15.2 49 0 8.2 +0.9
MINV Matthews Asia Innovators Active ETF 15.2 79 -30 3.0 -4.3
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 14.9 18 31 6.8 -0.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 14.9 33 16 8.2 +1.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 14.8 30 19 7.3 +0.0
UMMA Wahed Dow Jones Islamic World ETF 14.6 65 -16 4.6 -2.7
MEM Matthews Emerging Markets Equity Active ETF 14.6 79 -30 5.4 -1.9
EVLU iShares MSCI Emerging Markets Value Factor ETF 14.6 35 14 12.4 +5.1
EMXF iShares ESG Advanced MSCI EM ETF 14.4 16 33 6.8 -0.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 14.3 66 -17 10.0 +2.7
EPOL iShares MSCI Poland ETF 13.5 59 -10 12.9 +5.6
DEM WisdomTree Emerging Markets High Dividend Fund 13.5 63 -14 18.9 +11.6
BKEM BNY Mellon Emerging Markets Equity ETF 13.5 11 38 8.4 +1.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 13.2 15 34 7.2 -0.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 13.2 36 13 7.8 +0.6
ECH iShares MSCI Chile ETF 13.0 58 -9 9.8 +2.5
FLKR Franklin FTSE South Korea ETF 13.0 9 40 10.6 +3.3
EWY iShares MSCI South Korea ETF 13.0 58 -9 9.8 +2.6
EQLT iShares MSCI Emerging Markets Quality Factor ETF 12.9 35 14 7.4 +0.1
EEMO Invesco S&P Emerging Markets Momentum ETF 12.9 29 20 5.5 -1.8
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 12.6 88 -39 7.4 +0.2
EEM iShares MSCI Emerging Markets ETF 12.6 69 -20 6.9 -0.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 12.6 50 -1 13.0 +5.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 12.5 32 17 6.9 -0.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 12.3 39 10 12.5 +5.2
EMGF iShares Emerging Markets Equity Factor ETF 12.1 25 24 8.5 +1.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 12.0 45 4 11.0 +3.7
NUEM Nuveen ESG Emerging Markets Equity ETF 12.0 36 13 6.5 -0.8
SMH VanEck Semiconductor ETF 11.8 35 14 5.3 -2.0
EEMA iShares MSCI Emerging Markets Asia ETF 11.7 49 0 6.5 -0.8
FLAX Franklin FTSE Asia Ex Japan ETF 11.6 19 30 6.9 -0.4
ESGE iShares ESG Aware MSCI EM ETF 11.5 25 24 7.1 -0.1
ROAM Hartford Multifactor Emerging Markets ETF 11.5 44 5 15.8 +8.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 11.5 30 19 8.1 +0.8
EMMF WisdomTree Emerging Markets Multifactor Fund 11.1 48 1 8.8 +1.5
IEMG iShares Core MSCI Emerging Markets ETF 10.9 9 40 7.5 +0.2
CARZ First Trust NASDAQ Global Auto Index Fund 10.8 70 -21 3.8 -3.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 10.7 70 -21 6.2 -1.1
LDEM iShares ESG MSCI EM Leaders ETF 10.4 17 32 7.6 +0.4
XCNY SPDR S&P Emerging Markets ex-China ETF 10.3 15 34 6.3 -1.0
DFEV Dimensional Emerging Markets Value ETF 10.2 43 6 11.1 +3.8
AIVC Amplify Bloomberg AI Value Chain ETF 10.1 59 -10 5.8 -1.4
FLN First Trust Latin America AlphaDEX Fund 10.0 80 -31 8.4 +1.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 9.9 70 -21 9.2 +1.9
IVES Wedbush ETFMG Global Cloud Technology ETF 9.8 68 -19 5.8 -1.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 9.7 59 -10 11.3 +4.0
DFAE Dimensional Emerging Core Equity Market ETF 9.5 35 14 7.3 +0.0
AVES Avantis Emerging Markets Value ETF 9.4 36 13 11.6 +4.3
PATN Pacer Nasdaq International Patent Leaders ETF 9.2 65 -16 6.5 -0.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 9.1 20 29 6.8 -0.5
PXH Invesco FTSE RAFI Emerging Markets ETF 8.8 49 0 12.2 +5.0
FDEM Fidelity Emerging Markets Multifactor ETF 8.7 25 24 12.3 +5.0
WTAI WisdomTree Artificial Intelligence and Innovation Fund 8.5 45 4 3.1 -4.2
RNEM First Trust Emerging Markets Equity Select ETF 8.4 75 -26 7.6 +0.3
SCHE Schwab Emerging Markets Equity ETF 8.3 11 38 7.1 -0.2
ILF iShares Latin America 40 ETF 8.3 48 1 10.4 +3.2
SPEM SPDR Portfolio Emerging Markets ETF 8.3 7 42 7.3 +0.0
DEHP Dimensional Emerging Markets High Profitability ETF 8.2 41 8 5.0 -2.3
FDTX Fidelity Disruptive Technology ETF 7.7 50 -1 2.8 -4.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 7.6 78 -29 9.0 +1.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 7.6 95 -46 10.5 +3.2
FLLA Franklin FTSE Latin America ETF 7.6 19 30 13.2 +5.9
VWO Vanguard FTSE Emerging Markets ETF 7.4 8 41 6.9 -0.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 7.4 29 20 8.7 +1.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 7.0 44 5 10.6 +3.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 7.0 38 11 7.8 +0.5
OSEA Harbor International Compounders ETF 6.8 55 -6 4.3 -3.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 6.8 41 8 7.4 +0.1
APIE ActivePassive International Equity ETF 6.7 45 4 8.1 +0.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 6.6 25 24 6.6 -0.6
JIG JPMorgan International Growth ETF 6.6 55 -6 4.6 -2.6
NXTG First Trust Indxx NextG ETF 6.3 70 -21 6.2 -1.0
FEM First Trust Emerging Markets AlphaDEX Fund 6.2 80 -31 13.0 +5.8
MOTO SmartETFs Smart Transportation & Technology ETF 6.1 68 -19 7.3 +0.0
CWI SPDR MSCI ACWI ex-US ETF 6.1 30 19 6.9 -0.3
AFK VanEck Africa Index ETF 6.0 98 -49 9.1 +1.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 6.0 42 7 8.1 +0.8
LIVR Intelligent Livermore ETF 6.0 69 -20 6.0 -1.3
METV Roundhill Ball Metaverse ETF 5.8 59 -10 3.4 -3.9
FMET Fidelity Metaverse ETF 5.8 39 10 5.4 -1.9
WUGI AXS Esoterica NextG Economy ETF 5.6 75 -26 2.5 -4.8
DSTX Distillate International Fundamental Stability & Value ETF 5.3 55 -6 8.0 +0.7
EZA iShares MSCI South Africa ETF 5.2 58 -9 10.3 +3.1
TINY ProShares Nanotechnology ETF 5.1 58 -9 1.9 -5.4
GVAL Cambria Global Value ETF 5.0 68 -19 13.1 +5.8
DINT Davis Select International ETF 5.0 55 -6 6.0 -1.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 5.0 67 -18 15.0 +7.8
SOXX iShares Semiconductor ETF 4.9 35 14 6.6 -0.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.9 47 2 9.4 +2.1
CGGO Capital Group Global Growth Equity ETF 4.9 47 2 4.6 -2.7
WWJD Inspire International ETF 4.8 80 -31 7.3 +0.0
WRND IQ Global Equity R&D Leaders ETF 4.8 18 31 7.5 +0.2
BKCI BNY Mellon Concentrated International ETF 4.8 80 -31 4.2 -3.1
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 4.8 86 -37 1.2 -6.0
AOTG AOT Growth and Innovation ETF 4.7 75 -26 3.1 -4.2
SXUS Janus Henderson International Sustainable Equity ETF 4.6 60 -11 4.2 -3.1
SOXQ Invesco PHLX Semiconductor ETF 4.6 19 30 5.3 -2.0
FDCF Fidelity Disruptive Communications ETF 4.6 50 -1 2.6 -4.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.5 40 9 8.3 +1.0
IMFL Invesco International Developed Dynamic Multifactor ETF 4.5 34 15 5.9 -1.4
VPL Vanguard FTSE Pacific ETF 4.4 8 41 7.7 +0.4
ASEA Global X FTSE Southeast Asia ETF 4.4 65 -16 6.3 -1.0
EDIV SPDR S&P Emerging Markets Dividend ETF 4.2 49 0 12.0 +4.7
GDVD R3 Global Dividend Growth ETF 4.2 88 -39 5.5 -1.8
XNTK SPDR NYSE Technology ETF 4.1 35 14 4.2 -3.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.1 41 8 7.4 +0.1
VSGX Vanguard ESG International Stock ETF 4.1 12 37 6.8 -0.5
TDIV First Trust NASDAQ Technology Dividend Index Fund 4.0 50 -1 5.7 -1.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 4.0 60 -11 0.5 -6.8
CHAT Roundhill Generative AI & Technology ETF 4.0 75 -26 3.8 -3.4
JSTC Adasina Social Justice All Cap Global ETF 4.0 89 -40 4.9 -2.4
EYLD Cambria Emerging Shareholder Yield ETF 4.0 66 -17 13.2 +5.9
GFGF Guru Favorite Stocks ETF Guru Favorite Stocks Fund 3.9 65 -16 3.7 -3.5
IQM Franklin Intelligent Machines ETF 3.9 50 -1 3.2 -4.0
VYMI Vanguard International High Dividend Yield ETF 3.9 22 27 9.8 +2.6
ACWX iShares MSCI ACWI ex U.S. ETF 3.8 34 15 7.0 -0.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 3.8 45 4 12.3 +5.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 3.8 18 31 7.0 -0.3
GGME Invesco Next Gen Media and Gaming ETF 3.8 60 -11 3.5 -3.8
KNCT Invesco Next Gen Connectivity ETF 3.8 40 9 5.6 -1.7
DWLD Davis Select Worldwide ETF 3.8 63 -14 6.7 -0.6
OAIM OneAscent International Equity ETF 3.7 95 -46 5.1 -2.1
VEU Vanguard FTSE All-World ex-US Index Fund 3.7 8 41 7.3 -0.0
LIT Global X Lithium & Battery Tech ETF 3.7 75 -26 9.1 +1.8
RVER Trenchless Fund ETF 3.7 65 -16 2.9 -4.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 3.7 60 -11 13.4 +6.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.6 80 -31 7.6 +0.3
RODE Hartford Multifactor Diversified International ETF 3.6 29 20 11.8 +4.5
IQDF FlexShares International Quality Dividend Index Fund 3.6 47 2 12.9 +5.6
DARP Grizzle Growth ETF 3.5 75 -26 3.3 -4.0
EWM iShares MSCI Malaysia ETF 3.5 50 -1 5.5 -1.8
CGDG Capital Group Dividend Growers ETF 3.5 47 2 6.6 -0.7
ION ProShares S&P Global Core Battery Metals ETF 3.5 58 -9 15.5 +8.3
VIDI Vident International Equity Strategy ETF 3.4 61 -12 10.2 +2.9
CGXU Capital Group International Focus Equity ETF 3.4 54 -5 4.9 -2.4
DRIV Global X Autonomous & Electric Vehicles ETF 3.4 68 -19 4.8 -2.5
IXUS iShares Core MSCI Total International Stock ETF 3.3 7 42 7.2 -0.1
BNE Blue Horizon BNE ETF 3.3 87 -38 4.6 -2.7
VXUS Vanguard Total International Stock ETF 3.3 7 42 7.2 -0.1
AIQ Global X Artificial Intelligence & Technology ETF 3.2 68 -19 4.0 -3.3
LITP Sprott Lithium Miners ETF 3.2 65 -16 16.9 +9.6
SETM Sprott Energy Transition Materials ETF 3.2 65 -16 6.0 -1.3
REMX VanEck Rare Earth/Strategic Metals ETF 3.2 54 -5 13.9 +6.7
ILIT iShares Lithium Miners and Producers ETF 3.2 47 2 12.3 +5.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.2 75 -26 2.9 -4.4
JGLO JPMorgan Global Select Equity ETF 3.2 33 16 4.5 -2.8
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 3.1 65 -16 3.9 -3.4
LOUP Innovator Deepwater Frontier Tech ETF 3.1 70 -21 1.3 -6.0
ARVR First Trust Indxx Metaverse ETF 3.1 70 -21 0.8 -6.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.0 30 19 8.0 +0.7
DVYE iShares Emerging Markets Dividend ETF 3.0 49 0 18.8 +11.5
FLBR Franklin FTSE Brazil ETF 3.0 19 30 13.2 +5.9
EWZ iShares MSCI Brazil ETF 3.0 58 -9 10.4 +3.1
IXN iShares Global Tech ETF 3.0 41 8 4.5 -2.8
BLES Inspire Global Hope ETF 2.9 61 -12 6.4 -0.8
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.9 90 -41 6.1 -1.1
IDX VanEck Indonesia Index ETF 2.9 57 -8 8.8 +1.5
EIDO iShares MSCI Indonesia ETF 2.9 59 -10 7.5 +0.2
QTUM Defiance Quantum ETF 2.9 40 9 3.6 -3.7
DIVS SmartETFs Dividend Builder ETF 2.8 65 -16 5.0 -2.2
MOHR Collaborative Investment Series Trust - Mohr Growth ETF 2.8 106 -57 3.5 -3.7
BTEK Future Tech ETF 2.8 88 -39 2.3 -5.0
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 2.8 65 -16 1.6 -5.6
HFXI IQ FTSE International Equity Currency Neutral ETF 2.7 20 29 7.1 -0.2
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.7 45 4 -0.6 -7.8
ARKQ ARK Autonomous Technology & Robotics ETF 2.7 75 -26 2.4 -4.9
DEW WisdomTree Global High Dividend Fund 2.7 58 -9 8.5 +1.2
IDAT iShares Future Cloud 5G and Tech ETF 2.6 47 2 4.3 -3.0
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.6 65 -16 0.2 -7.0
RGEF Rockefeller Global Equity ETF 2.6 55 -6 5.0 -2.3
FNDF Schwab Fundamental International Large Co. Index ETF 2.5 25 24 9.9 +2.6
PBD Invesco Global Clean Energy ETF 2.5 75 -26 -5.3 -12.6
RFFC ALPS Active Equity Opportunity ETF 2.5 48 1 4.5 -2.8
EPU iShares MSCI Peru and Global Exposure ETF 2.5 59 -10 5.5 -1.7
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 2.5 61 -12 1.2 -6.1
LIMI Themes Lithium & Battery Metal Miners ETF 2.5 35 14 4.7 -2.6
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 2.4 86 -37 1.6 -5.6
EV Mast Global Battery Recycling & Production ETF 2.4 65 -16 12.2 +5.0
PICK iShares MSCI Global Metals & Mining Producers ETF 2.4 39 10 12.8 +5.6
FBZ First Trust Brazil AlphaDEX Fund 2.4 80 -31 13.3 +6.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.4 65 -16 8.2 +0.9
BOUT Innovator IBD Breakout Opportunities ETF 2.3 81 -32 3.6 -3.7
IGPT Invesco AI and Next Gen Software ETF 2.3 60 -11 3.8 -3.5
FFOG Franklin Focused Growth ETF FOCUSED GROWTH ETF 2.2 61 -12 2.8 -4.4
BRAZ Global X Brazil Active ETF 2.2 75 -26 10.1 +2.9
SNSR Global X Internet of Things ETF 2.2 68 -19 4.6 -2.6
TMFG Motley Fool Global Opportunities ETF 2.2 85 -36 3.2 -4.1
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 2.2 85 -36 8.6 +1.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.1 46 3 9.3 +2.1
GVIP Goldman Sachs Hedge Industry VIP ETF 2.1 45 4 4.8 -2.5
CGIE Capital Group International Equity ETF 2.1 54 -5 4.9 -2.3
GSFP Goldman Sachs Future Planet Equity ETF 2.1 75 -26 4.2 -3.0
GMET VanEck Green Metals ETF 2.0 63 -14 10.7 +3.4
BKF iShares MSCI BIC ETF 2.0 69 -20 6.9 -0.4
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 2.0 80 -31 12.3 +5.0
IBAT iShares Energy Storage & Materials ETF 1.9 47 2 3.1 -4.2
SCHF Schwab International Equity ETF 1.9 6 43 7.5 +0.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.8 45 4 8.9 +1.7
LRGE ClearBridge Large Cap Growth ESG ETF 1.8 59 -10 3.5 -3.8
MVPS Amplify Thematic All-Stars ETF 1.8 49 0 2.7 -4.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.8 9 40 5.4 -1.9
BIGFX Baron International Growth Retail 1.8 75 -26 3.1 -4.1
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.8 75 -26 4.6 -2.7
ICOP iShares Copper and Metals Mining ETF 1.8 47 2 10.1 +2.8
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.7 60 -11 9.8 +2.5
BATT Amplify Lithium & Battery Technology ETF 1.7 59 -10 -0.1 -7.4
VEA Vanguard FTSE Developed Markets ETF 1.7 5 44 7.3 +0.1
SFYF SoFi Social 50 ETF 1.7 29 20 -2.2 -9.4
PBW Invesco WilderHill Clean Energy ETF 1.7 66 -17 -13.7 -21.0
NTZG Nuveen Global Net Zero Transition ETF 1.6 56 -7 4.7 -2.5
KOCG FIS Knights of Columbus Global Belief ETF 1.6 75 -26 5.0 -2.3
GINX SGI Enhanced Global Income ETF 1.6 98 -49 5.6 -1.6
GBUY Goldman Sachs Future Consumer Equity ETF 1.6 75 -26 3.3 -3.9
XT iShares Exponential Technologies ETF 1.5 46 3 4.8 -2.5
CLNR IQ Cleaner Transport ETF 1.5 45 4 6.8 -0.5
GURU Global X Guru Index ETF 1.5 75 -26 1.7 -5.6
KLMT Invesco MSCI Global Climate 500 ETF 1.5 10 39 5.4 -1.8
BWEB Bitwise Web3 ETF 1.5 85 -36 0.7 -6.6
SATO Invesco Alerian Galaxy Crypto Economy ETF 1.5 61 -12 -2.4 -9.7
MOTG VanEck Morningstar Global Wide Moat ETF 1.5 52 -3 5.6 -1.7
VIGI Vanguard International Dividend Appreciation ETF 1.5 15 34 6.4 -0.9
CACG ClearBridge All Cap Growth ESG ETF 1.5 54 -5 3.7 -3.6
GXG Global X MSCI Colombia ETF 1.5 62 -13 15.8 +8.5
ACWV iShares MSCI Global Min Vol Factor ETF 1.4 20 29 6.3 -0.9
IGRO iShares International Dividend Growth ETF 1.4 15 34 7.5 +0.3
EPHE iShares MSCI Philippines ETF 1.4 59 -10 8.9 +1.6
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 1.4 68 -19 8.2 +1.0
HAP VanEck Natural Resources ETF 1.4 50 -1 10.0 +2.7
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.4 70 -21 3.5 -3.8
ARGT Global X MSCI Argentina ETF 1.4 59 -10 5.4 -1.9
RSHO Tema American Reshoring ETF 1.4 75 -26 3.4 -3.9
TTAI FCF International Quality ETF 1.3 59 -10 5.6 -1.7
ACWI iShares MSCI ACWI ETF 1.3 32 17 5.3 -2.0
GINN Goldman Sachs Innovate Equity ETF 1.3 52 -3 2.8 -4.5
BINV Brandes International ETF 1.3 70 -21 8.5 +1.2
AUMI Themes Gold Miners ETF 1.3 35 14 10.4 +3.1
WOOD iShares Global Timber & Forestry ETF 1.3 42 7 9.8 +2.5
SDIV Global X Superdividend ETF 1.2 58 -9 14.9 +7.6
SDG iShares MSCI Global Sustainable Development Goals ETF 1.2 49 0 5.6 -1.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.2 80 -31 9.1 +1.8
CGUS Capital Group Core Equity ETF 1.2 33 16 4.4 -2.9
UIVM VictoryShares International Value Momentum ETF 1.2 35 14 11.0 +3.8
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 1.2 45 4 5.7 -1.6
CGGR Capital Group Growth ETF 1.2 39 10 3.2 -4.1
FTAG First Trust Indxx Global Agriculture ETF 1.2 70 -21 9.7 +2.4
IXG iShares Global Financials ETF 1.2 42 7 6.2 -1.1
GNR SPDR S&P Global Natural Resources ETF 1.2 40 9 9.7 +2.4
CUT Invesco MSCI Global Timber ETF 1.2 61 -12 8.4 +1.1
VT Vanguard Total World Stock ETF 1.2 7 42 5.5 -1.8
ROBO ROBO Global Robotics & Automation Index ETF 1.1 95 -46 3.5 -3.8
ESPO VanEck Video Gaming and eSports ETF 1.1 56 -7 3.5 -3.8
HERO Global X Video Games & Esports ETF 1.1 50 -1 4.4 -2.8
NERD Roundhill Video Games ETF 1.1 50 -1 7.1 -0.1
GLOF iShares Global Equity Factor ETF 1.1 20 29 7.0 -0.3
TEMP JPMorgan Climate Change Solutions ETF 1.1 49 0 5.5 -1.8
IQDE FlexShares International Quality Dividend Defensive Index ET 1.1 47 2 14.8 +7.5
QINT American Century Quality Diversified International ETF 1.1 39 10 7.7 +0.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.1 20 29 5.2 -2.1
FDNI First Trust Dow Jones International Internet ETF 1.1 65 -16 2.1 -5.2
BLOK Amplify Transformational Data Sharing ETF 1.1 75 -26 0.0 -7.3
EEMD AAM S&P Emerging Markets High Dividend Value ETF 1.1 49 0 16.1 +8.9
ZSB USCF Sustainable Battery Metals Strategy Fund 1.1 61 -12 18.6 +11.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 1.0 65 -16 12.8 +5.5
JPIN J.P. Morgan Diversified Return International Equity ETF 1.0 37 12 8.9 +1.6
ODDS Pacer BlueStar Digital Entertainment ETF 1.0 60 -11 2.3 -5.0
ARKW ARK Next Generation Internet ETF 1.0 87 -38 -0.7 -7.9
FDRV Fidelity Electric Vehicles and Future Transportation ETF 1.0 39 10 -1.7 -9.0
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 1.0 79 -30 5.1 -2.2
FLMX Franklin FTSE Mexico ETF 1.0 19 30 16.2 +9.0
FFLC Fidelity Fundamental Large Cap Core ETF 1.0 38 11 4.8 -2.5
MXI iShares Global Materials ETF 1.0 41 8 7.0 -0.3
TPIF Timothy Plan International ETF 1.0 62 -13 6.8 -0.5
EWW iShares MSCI Mexico ETF 1.0 50 -1 13.2 +5.9
FMIL Fidelity New Millennium ETF 1.0 59 -10 4.8 -2.5
DWX SPDR S&P International Dividend ETF 1.0 45 4 6.5 -0.8
DGT SPDR Global Dow ETF 0.9 50 -1 6.8 -0.5
ISHP First Trust Nasdaq Retail ETF 0.9 60 -11 2.9 -4.4
KPOP KPOP and Korean Entertainment ETF 0.9 75 -26 -9.2 -16.5
SOCL Global X Social Media ETF 0.9 65 -16 -6.4 -13.6
HAIL SPDR S&P Kensho Smart Mobility ETF 0.9 45 4 -3.0 -10.3
CIL VictoryShares International Volatility Wtd ETF 0.9 45 4 7.0 -0.3
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 0.9 58 -9 -3.0 -10.3
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 0.9 51 -2 7.1 -0.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.9 12 37 4.8 -2.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.8 3 46 7.2 -0.1
JGRO JPMorgan Active Growth ETF 0.8 44 5 3.5 -3.8
IXP iShares Global Comm Services ETF 0.8 42 7 5.1 -2.2
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.8 68 -19 2.1 -5.2
TRFM AAM Transformers ETF 0.8 49 0 2.0 -5.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.8 49 0 7.0 -0.3
MOO VanEck Agribusiness ETF 0.8 53 -4 9.7 +2.5
JAVA JPMorgan Active Value ETF 0.8 44 5 5.7 -1.5
CVY Invesco Zacks Multi-Asset Income ETF 0.8 106 -57 9.8 +2.5
FNDC Schwab Fundamental International Small Co. Index ETF 0.8 39 10 7.2 -0.1
FBCG Fidelity Blue Chip Growth ETF 0.8 59 -10 2.8 -4.5
MAKX ProShares S&P Kensho Smart Factories ETF 0.7 58 -9 0.8 -6.5
SLX VanEck Steel ETF 0.7 56 -7 21.4 +14.1
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 0.7 49 0 10.4 +3.1
INNO Harbor Disruptive Innovation ETF 0.7 75 -26 1.6 -5.7
RXI iShares Global Consumer Discretionary ETF 0.7 41 8 5.4 -1.9
IBUY Amplify Online Retail ETF 0.7 65 -16 1.4 -5.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.7 58 -9 10.2 +2.9
IOO iShares Global 100 ETF 0.7 41 8 4.8 -2.4
VRAI Virtus Real Asset Income ETF 0.7 55 -6 8.0 +0.7
SGDM Sprott Gold Miners ETF 0.7 50 -1 5.4 -1.9
GDX VanEck Gold Miners ETF 0.7 51 -2 4.5 -2.8
PID Invesco International Dividend Achievers ETF 0.7 53 -4 7.0 -0.2
GCOW Pacer Global Cash Cows Dividend ETF 0.7 60 -11 12.5 +5.2
CID VictoryShares International High Div Volatility Wtd ETF 0.7 45 4 11.9 +4.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.6 58 -9 4.6 -2.7
HART IQ Healthy Hearts ETF 0.6 45 4 5.0 -2.3
AGNG Global X Aging Population ETF 0.6 50 -1 4.2 -3.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 70 -21 7.7 +0.4
VEGI iShares MSCI Agriculture Producers ETF 0.6 39 10 9.2 +1.9
HELX Franklin Genomic Advancements ETF 0.6 50 -1 0.4 -6.9
CGV Conductor Global Equity Value ETF 0.5 130 -81 10.9 +3.6
WGMI Valkyrie Bitcoin Miners ETF 0.5 75 -26 -6.3 -13.5
CCNR ALPS CoreCommodity Natural Resources ETF 0.5 39 10 11.0 +3.8
BECO BlackRock Future Climate and Sustainable Economy ETF 0.5 70 -21 11.9 +4.7
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.5 72 -23 1.0 -6.3
OCEN IQ Clean Oceans ETF 0.5 45 4 6.1 -1.2
SMOG VanEck Low Carbon Energy ETF 0.5 61 -12 2.4 -4.9
CTEC Global X CleanTech ETF 0.5 50 -1 2.9 -4.4
ETEC iShares Breakthrough Environmental Solutions ETF 0.5 47 2 8.0 +0.7
IDRV iShares Self-driving EV & Tech ETF 0.5 47 2 -0.4 -7.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.5 24 25 8.7 +1.4
SCHC Schwab International Small-Cap Equity ETF 0.5 11 38 6.6 -0.7
IVRS iShares Future Metaverse Tech and Communications ETF 0.4 47 2 -4.9 -12.1
OBOR KraneShares MSCI One Belt One Road Index ETF 0.4 79 -30 10.3 +3.0
FVD First Trust Value Line Dividend Index Fund 0.4 65 -16 6.3 -1.0
KOMP SPDR S&P Kensho New Economies Composite ETF 0.4 20 29 1.0 -6.3
LRGC AB US Large Cap Strategic Equities ETF 0.4 48 1 4.6 -2.7
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.4 10 39 7.7 +0.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.4 47 2 5.5 -1.8
EXI iShares Global Industrials ETF 0.3 42 7 4.5 -2.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 7 42 6.7 -0.6
ARTY iShares Future AI & Tech ETF 0.3 47 2 3.8 -3.5
IXJ iShares Global Healthcare ETF 0.3 42 7 6.5 -0.7
SCHY Schwab International Dividend Equity ETF 0.3 14 35 9.3 +2.1
BPAY BlackRock Future Financial and Technology ETF 0.3 70 -21 8.2 +0.9
IDHQ Invesco S&P International Developed High Quality ETF 0.3 29 20 6.5 -0.8
BLLD JPMorgan Sustainable Infrastructure ETF 0.3 49 0 5.7 -1.6
KXI iShares Global Consumer Staples ETF 0.3 41 8 5.7 -1.6
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.3 12 37 8.3 +1.0
SPEU SPDR Portfolio Europe ETF 0.2 7 42 7.1 -0.2
ERNZ TrueShares Active Yield ETF 0.2 75 -26 10.9 +3.6
VGK Vanguard FTSE Europe ETF 0.2 11 38 7.1 -0.2
ERTH Invesco MSCI Sustainable Future ETF 0.2 62 -13 3.6 -3.7
SHPP Pacer Industrials and Logistics ETF 0.2 60 -11 9.9 +2.6
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 40 7.1 -0.2
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 4 3.6 -3.7
IQSI IQ Candriam International Equity ETF 0.2 15 34 6.6 -0.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 10 7.4 +0.2
FLEE Franklin FTSE Europe ETF 0.2 9 40 7.2 -0.1
IPOS Renaissance International IPO ETF 0.2 80 -31 -0.8 -8.1
EMFQ Amplify Emerging Markets FinTech ETF 0.2 69 -20 5.3 -2.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 -16 8.2 +0.9
IPAV Global X Infrastructure Development ex-U.S. ETF 0.1 55 -6 9.7 +2.4
INTF iShares International Equity Factor ETF 0.1 15 34 8.2 +0.9
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 29 7.0 -0.3
FILL iShares MSCI Global Energy Producers ETF 0.1 39 10 9.6 +2.4
BKIE BNY Mellon International Equity ETF 0.1 4 45 7.1 -0.2
GOEX Global X Gold Explorers ETF 0.1 65 -16 4.4 -2.9
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 3 4.9 -2.4
IVRA Invesco Real Assets ESG ETF 0.1 59 -10 5.4 -1.9
EMIF iShares Emerging Markets Infrastructure ETF 0.1 60 -11 8.5 +1.2
IGF iShares Global Infrastructure ETF 0.1 41 8 4.3 -3.0
GII SPDR S&P Global Infrastructure ETF 0.1 40 9 4.3 -3.0
JETS U.S. Global Jets ETF 0.1 60 -11 -13.3 -20.6
CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF 0.1 85 -36 -0.3 -7.6
DTCR Global X Data Center & Digital Infrastructure ETF 0.1 50 -1 4.7 -2.6
SRVR Pacer Data & Infrastructure Real Estate ETF 0.1 55 -6 1.9 -5.3
IPKW Invesco International BuyBack Achievers ETF 0.0 55 -6 11.0 +3.8
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 8.1 +0.8

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 11.9 %
Divided by: Fwd. P/BV 1.5 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		 1.52 CATEGORY
AVERAGE		 1.48
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

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

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

 

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