Freedom 100 Emerging Markets ETF
ALTAR
Score™		 8.5% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 12.0x P/Sales
ratio		 1.2x
P/BV
ratio		 1.6x Div.
yield		 3.3%


  • 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) $1,336
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 108
Wgt avg mkt cap (mns) $114,292
Large cap (>$10bn) 70.1%
Mid cap ($2-10bn) 21.6%
Small cap (<$2bn) 4.7%
Developed mkts 1.4%
Emerging mkts 98.6%

TOP TEN HOLDINGS
SAMSUNG ELECTRONICS CO LTD 9.0 %
TAIWAN SEMICONDUCTOR-SP ADR 7.4 %
BANK PEKAO SA 4.6 %
BANCO DE CHILE 3.6 %
HYNIX SEMICONDUCTOR INC 3.6 %
LAN AIRLINES SA 3.3 %
HON HAI PRECISION INDUSTRY 3.2 %
S.A.C.I. FALABELLA 3.1 %
MEDIATEK INC 2.6 %
VALE SA 2.3 %
Total 42.7 %

TOP COUNTRY EXPOSURE
TAIWAN 19.8 %
CHILE 18.3 %
SOUTH KOREA 17.7 %
POLAND 12.0 %
BRAZIL 6.8 %
SOUTH AFRICA 6.4 %
MALAYSIA 4.9 %
INDONESIA 2.1 %
MEXICO 1.9 %
INDIA 1.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
23.3% 15.2% 11.5% -- 10.0%

Market Correlations
versus... Beta R-squared
S&P500 0.93 60%
MSCI EAFE 0.91 63%
MSCI Emg. Mkts. 0.89 65%

Technical Indicators
Recent close $42.15
30d moving avg. $41.10
Annualized volatility 18.5%
Short interest (ETF) 0.6%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 120
Turnover 0.4%
Bid/Ask (% of price) 0.33%
ADV underlying (mns) $2,833

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 367 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™: 8.5%


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
(%)
FTHF First Trust Emerging Markets Human Flourishing ETF 30.6 75 -26 8.6 +0.1
EMDM First Trust Bloomberg Emerging Market Democracies ETF 25.9 75 -26 9.7 +1.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 25.3 24 25 8.2 -0.3
STXE Strive Emerging Markets Ex-China ETF 22.1 32 17 7.9 -0.6
AVXC Avantis Emerging Markets Ex-China Equity ETF 21.9 33 16 8.8 +0.3
XCEM Columbia EM Core ex-China ETF 21.9 16 33 8.4 -0.1
ECON Columbia Emerging Markets Consumer ETF 19.7 49 0 12.6 +4.1
EMM Global X Emerging Markets ex-China ETF 19.5 75 -26 6.5 -2.0
AIA iShares Asia 50 ETF 19.3 50 -1 12.9 +4.4
XC WisdomTree Emerging Markets Ex-China Fund 18.8 32 17 6.3 -2.2
EMXC iShares MSCI Emerging Markets ex China ETF 18.8 25 24 7.8 -0.7
EMC Global X Emerging Markets Great Consumer ETF 18.4 75 -26 11.0 +2.5
ECH iShares MSCI Chile ETF 17.5 58 -9 8.5 +0.0
AVSE Avantis Responsible Emerging Markets Equity ETF 17.5 33 16 8.6 +0.1
FLKR Franklin FTSE South Korea ETF 17.1 9 40 9.4 +0.9
EWY iShares MSCI South Korea ETF 17.1 58 -9 8.7 +0.2
AVEM Avantis Emerging Markets Equity ETF 16.9 33 16 8.8 +0.3
FLN First Trust Latin America AlphaDEX Fund 16.4 80 -31 10.4 +1.9
EMXF iShares ESG Advanced MSCI EM ETF 15.2 16 33 8.6 +0.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 15.2 35 14 18.6 +10.1
GMF SPDR S&P Emerging Asia Pacific ETF 15.2 49 0 9.6 +1.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 15.2 32 17 7.0 -1.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 15.0 32 17 9.3 +0.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 14.8 15 34 8.1 -0.5
JHEM John Hancock Multifactor Emerging Markets ETF 14.1 49 0 10.3 +1.8
MEM Matthews Emerging Markets Equity Active ETF 14.0 79 -30 8.1 -0.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 13.9 50 -1 11.1 +2.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 13.8 30 19 10.6 +2.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 13.7 33 16 10.2 +1.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 13.4 88 -39 8.9 +0.4
EEM iShares MSCI Emerging Markets ETF 13.1 69 -20 10.5 +2.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 13.1 30 19 9.2 +0.7
EMGF iShares Emerging Markets Equity Factor ETF 13.1 25 24 11.9 +3.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 12.9 20 29 10.9 +2.4
EPOL iShares MSCI Poland ETF 12.9 59 -10 11.3 +2.8
DEXC Dimensional Emerging Markets ex China Core EquityETF 12.8 53 -4 7.9 -0.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 12.6 39 10 16.5 +8.0
ROAM Hartford Multifactor Emerging Markets ETF 12.6 44 5 12.2 +3.7
EEMA iShares MSCI Emerging Markets Asia ETF 12.3 49 0 10.4 +1.9
FLTW Franklin FTSE Taiwan ETF 12.2 19 30 6.8 -1.7
EWT iShares MSCI Taiwan ETF 12.2 58 -9 6.7 -1.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 12.1 66 -17 9.7 +1.2
EEMO Invesco S&P Emerging Markets Momentum ETF 12.0 29 20 6.6 -1.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 12.0 15 34 10.4 +1.9
ESGE iShares ESG Aware MSCI EM ETF 11.8 25 24 10.4 +1.9
DFAE Dimensional Emerging Core Equity Market ETF 11.8 35 14 9.4 +0.9
BKEM BNY Mellon Emerging Markets Equity ETF 11.6 11 38 10.2 +1.7
UMMA Wahed Dow Jones Islamic World ETF 11.4 65 -16 5.4 -3.1
PXH Invesco FTSE RAFI Emerging Markets ETF 11.4 49 0 15.9 +7.4
IEMG iShares Core MSCI Emerging Markets ETF 11.3 9 40 10.6 +2.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 11.3 29 20 9.2 +0.7
DFEV Dimensional Emerging Markets Value ETF 11.2 43 6 13.4 +4.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 11.2 70 -21 9.5 +1.0
IVES Wedbush ETFMG Global Cloud Technology ETF 11.2 68 -19 7.3 -1.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 11.2 45 4 10.5 +2.0
CARZ First Trust NASDAQ Global Auto Index Fund 11.1 70 -21 4.8 -3.7
DEM WisdomTree Emerging Markets High Dividend Fund 11.0 63 -14 13.3 +4.8
DEHP Dimensional Emerging Markets High Profitability ETF 11.0 41 8 6.8 -1.7
XCNY SPDR S&P Emerging Markets ex-China ETF 10.9 15 34 7.8 -0.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 10.9 36 13 10.0 +1.5
AIVC Amplify Bloomberg AI Value Chain ETF 10.7 59 -10 5.5 -3.0
FLLA Franklin FTSE Latin America ETF 10.6 19 30 12.9 +4.4
FDEM Fidelity Emerging Markets Multifactor ETF 10.5 25 24 13.0 +4.5
NUEM Nuveen ESG Emerging Markets Equity ETF 10.5 36 13 8.0 -0.5
SPEM SPDR Portfolio Emerging Markets ETF 9.7 7 42 10.7 +2.2
AIS VistaShares Artificial Intelligence Supercycle ETF 9.4 75 -26 3.0 -5.5
LDEM iShares ESG MSCI EM Leaders ETF 9.4 17 32 14.1 +5.6
AVES Avantis Emerging Markets Value ETF 9.4 36 13 11.1 +2.6
FLAX Franklin FTSE Asia Ex Japan ETF 9.3 19 30 9.4 +0.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 9.3 38 11 9.3 +0.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 9.2 44 5 10.7 +2.2
ILF iShares Latin America 40 ETF 9.0 48 1 12.9 +4.4
PATN Pacer Nasdaq International Patent Leaders ETF 9.0 65 -16 6.2 -2.3
EMMF WisdomTree Emerging Markets Multifactor Fund 8.4 48 1 7.5 -1.0
WTAI WisdomTree Artificial Intelligence and Innovation Fund 8.4 45 4 2.7 -5.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 8.4 59 -10 9.0 +0.5
EDIV SPDR S&P Emerging Markets Dividend ETF 8.1 49 0 11.9 +3.4
SCHE Schwab Emerging Markets Equity ETF 8.0 11 38 11.1 +2.6
APIE ActivePassive International Equity ETF 7.8 45 4 7.6 -1.0
RNEM First Trust Emerging Markets Equity Select ETF 7.8 75 -26 7.7 -0.8
FEOE First Eagle Overseas Equity ETF 7.7 79 -30 8.0 -0.5
AIQ Global X Artificial Intelligence & Technology ETF 7.7 68 -19 3.8 -4.7
FEM First Trust Emerging Markets AlphaDEX Fund 7.6 80 -31 11.2 +2.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 7.6 40 9 7.2 -1.3
DVYE iShares Emerging Markets Dividend ETF 7.5 49 0 18.5 +10.0
FDTX Fidelity Disruptive Technology ETF 7.5 50 -1 2.7 -5.8
VWO Vanguard FTSE Emerging Markets ETF 7.5 7 42 10.3 +1.8
WUGI AXS Esoterica NextG Economy ETF 7.4 75 -26 2.3 -6.2
SMH VanEck Semiconductor ETF 7.4 35 14 3.9 -4.6
SOXQ Invesco PHLX Semiconductor ETF 7.4 19 30 4.5 -4.0
NXTG First Trust Indxx NextG ETF 7.3 70 -21 5.3 -3.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 7.3 41 8 8.7 +0.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 7.2 45 4 10.7 +2.2
MINV Matthews Asia Innovators Active ETF 7.2 79 -30 7.4 -1.1
CWI SPDR MSCI ACWI ex-US ETF 6.9 30 19 7.7 -0.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 6.9 25 24 6.6 -1.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 6.9 95 -46 11.8 +3.3
OSEA Harbor International Compounders ETF 6.4 55 -6 4.8 -3.7
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.3 78 -29 9.4 +0.9
AFK VanEck Africa Index ETF 6.2 98 -49 12.0 +3.5
DSTX Distillate International Fundamental Stability & Value ETF 6.2 55 -6 7.9 -0.6
GTEK Goldman Sachs Future Tech Leaders Equity ETF 6.1 75 -26 3.1 -5.4
ASEA Global X FTSE Southeast Asia ETF 5.9 65 -16 6.7 -1.8
FMET Fidelity Metaverse ETF 5.8 39 10 4.7 -3.8
FEGE First Eagle Global Equity ETF 5.6 79 -30 7.0 -1.5
GVAL Cambria Global Value ETF 5.5 68 -19 10.5 +2.0
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.5 80 -31 9.1 +0.6
BGDV Bahl & Gaynor Dividend ETF 5.4 45 4 4.7 -3.8
AOTG AOT Growth and Innovation ETF 5.3 75 -26 1.7 -6.8
CGGO Capital Group Global Growth Equity ETF 5.3 47 2 4.7 -3.8
IQM Franklin Intelligent Machines ETF 5.2 50 -1 2.0 -6.5
MOTO SmartETFs Smart Transportation & Technology ETF 5.2 68 -19 7.2 -1.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 5.1 65 -16 12.1 +3.6
IGPT Invesco AI and Next Gen Software ETF 5.1 60 -11 4.3 -4.3
WWJD Inspire International ETF 5.1 80 -31 7.3 -1.2
FDCF Fidelity Disruptive Communications ETF 5.1 50 -1 2.8 -5.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 5.0 47 2 8.4 -0.1
EZA iShares MSCI South Africa ETF 5.0 58 -9 10.4 +1.9
WRND IQ Global Equity R&D Leaders ETF 4.9 18 31 8.2 -0.3
VNSE Natixis Vaughan Nelson Select ETF 4.9 80 -31 4.6 -3.9
GFGF Guru Favorite Stocks ETF Guru Favorite Stocks Fund 4.9 65 -16 3.6 -4.9
VPL Vanguard FTSE Pacific ETF 4.8 7 42 6.8 -1.7
EWM iShares MSCI Malaysia ETF 4.8 50 -1 6.9 -1.6
JIG JPMorgan International Growth ETF 4.8 55 -6 4.8 -3.7
METV Roundhill Ball Metaverse ETF 4.7 59 -10 7.8 -0.7
VIDI Vident International Equity Strategy ETF 4.7 61 -12 10.9 +2.4
KNCT Invesco Next Gen Connectivity ETF 4.7 40 9 4.8 -3.7
TDIV First Trust NASDAQ Technology Dividend Index Fund 4.7 50 -1 5.5 -3.0
EYLD Cambria Emerging Shareholder Yield ETF 4.6 66 -17 12.3 +3.8
TINY ProShares Nanotechnology ETF 4.6 58 -9 5.1 -3.4
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.5 65 -16 8.1 -0.5
IMFL Invesco International Developed Dynamic Multifactor ETF 4.4 34 15 6.1 -2.5
BKCI BNY Mellon Concentrated International ETF 4.4 80 -31 5.3 -3.3
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 4.3 60 -11 11.1 +2.6
FLBR Franklin FTSE Brazil ETF 4.3 19 30 14.5 +6.0
EWZ iShares MSCI Brazil ETF 4.3 58 -9 13.2 +4.7
SOXX iShares Semiconductor ETF 4.2 35 14 4.8 -3.7
DINT Davis Select International ETF 4.2 55 -6 8.1 -0.4
QTUM Defiance Quantum ETF 4.2 40 9 5.5 -3.0
VSGX Vanguard ESG International Stock ETF 4.1 10 39 7.7 -0.8
JSTC Adasina Social Justice All Cap Global ETF 4.0 89 -40 4.8 -3.7
VYMI Vanguard International High Dividend Yield ETF 4.0 17 32 9.5 +1.0
ACWX iShares MSCI ACWI ex U.S. ETF 3.9 34 15 7.8 -0.8
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 3.9 65 -16 2.1 -6.5
VEU Vanguard FTSE All-World ex-US Index Fund 3.9 4 45 8.1 -0.4
CGDG Capital Group Dividend Growers ETF 3.7 47 2 6.3 -2.3
RGEF Rockefeller Global Equity ETF 3.6 55 -6 4.8 -3.7
RFFC ALPS Active Equity Opportunity ETF 3.6 48 1 4.4 -4.1
LOUP Innovator Deepwater Frontier Tech ETF 3.6 70 -21 1.3 -7.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.5 30 19 7.9 -0.6
CHAT Roundhill Generative AI & Technology ETF 3.5 75 -26 9.4 +0.9
IQDF FlexShares International Quality Dividend Index Fund 3.5 47 2 8.9 +0.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.5 41 8 7.5 -1.0
DWX SPDR S&P International Dividend ETF 3.4 45 4 6.1 -2.4
IXUS iShares Core MSCI Total International Stock ETF 3.4 7 42 7.9 -0.6
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 3.4 86 -37 0.4 -8.1
VXUS Vanguard Total International Stock ETF 3.4 5 44 7.9 -0.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 3.4 18 31 7.9 -0.6
PICK iShares MSCI Global Metals & Mining Producers ETF 3.3 39 10 12.7 +4.2
DWLD Davis Select Worldwide ETF 3.3 63 -14 7.2 -1.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 3.3 42 7 7.2 -1.3
RODE Hartford Multifactor Diversified International ETF 3.2 29 20 11.4 +2.9
DARP Grizzle Growth ETF 3.2 75 -26 2.9 -5.6
FNDF Schwab Fundamental International Large Co. Index ETF 3.2 25 24 9.6 +1.1
ARVR First Trust Indxx Metaverse ETF 3.1 70 -21 4.0 -4.5
IXN iShares Global Tech ETF 3.1 41 8 3.6 -4.9
XNTK SPDR NYSE Technology ETF 3.0 35 14 3.7 -4.8
ICOP iShares Copper and Metals Mining ETF 3.0 47 2 8.6 +0.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.9 45 4 8.8 +0.3
TMFG Motley Fool Global Opportunities ETF 2.9 85 -36 3.9 -4.7
BLES Inspire Global Hope ETF 2.9 61 -12 6.8 -1.7
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.8 70 -21 13.1 +4.6
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.8 67 -18 13.6 +5.1
SSPX Janus Henderson U.S. Sustainable Equity ETF 2.7 55 -6 4.2 -4.3
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 2.7 68 -19 2.8 -5.7
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.7 90 -41 7.0 -1.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.7 80 -31 9.6 +1.1
HAP VanEck Natural Resources ETF 2.6 50 -1 9.4 +0.8
BRAZ Global X Brazil Active ETF 2.6 75 -26 12.6 +4.1
IDAT iShares Future Cloud 5G and Tech ETF 2.6 47 2 4.7 -3.8
RSHO Tema American Reshoring ETF 2.6 75 -26 4.4 -4.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.5 46 3 9.9 +1.4
FFOG Franklin Focused Growth ETF 2.5 61 -12 2.4 -6.2
ARKQ ARK Autonomous Technology & Robotics ETF 2.4 75 -26 0.5 -8.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.4 9 40 5.7 -2.8
ABLG Abacus FCF International Leaders ETF 2.4 59 -10 6.9 -1.6
GNR SPDR S&P Global Natural Resources ETF 2.4 40 9 11.0 +2.5
BGRO iShares Large Cap Growth Active ETF 2.4 55 -6 3.0 -5.5
DIVS SmartETFs Dividend Builder ETF 2.3 65 -16 5.0 -3.5
KOCG FIS Knights of Columbus Global Belief ETF 2.3 75 -26 5.2 -3.3
ARGT Global X MSCI Argentina ETF 2.3 59 -10 4.5 -4.0
SFYF SoFi Social 50 ETF 2.2 29 20 0.4 -8.1
DEW WisdomTree Global High Dividend Fund 2.2 58 -9 8.4 -0.1
EPU iShares MSCI Peru and Global Exposure ETF 2.1 59 -10 6.7 -1.8
IDX VanEck Indonesia Index ETF 2.1 57 -8 7.2 -1.3
EIDO iShares MSCI Indonesia ETF 2.1 59 -10 8.1 -0.4
AADR AdvisorShares Dorsey Wright ADR ETF 2.1 110 -61 4.9 -3.6
ROBO ROBO Global Robotics & Automation Index ETF 2.1 95 -46 3.4 -5.1
HFXI IQ FTSE International Equity Currency Neutral ETF 2.1 20 29 7.1 -1.4
ARKW ARK Next Generation Internet ETF 2.0 87 -38 -0.3 -8.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 2.0 86 -37 13.6 +5.1
SCHF Schwab International Equity ETF 2.0 6 43 7.3 -1.2
GVIP Goldman Sachs Hedge Industry VIP ETF 2.0 45 4 3.3 -5.2
CGXU Capital Group International Focus Equity ETF 1.9 54 -5 5.6 -2.9
FCLD Fidelity Cloud Computing ETF 1.9 39 10 3.2 -5.3
SNSR Global X Internet of Things ETF 1.9 68 -19 4.4 -4.1
CGIE Capital Group International Equity ETF 1.9 54 -5 5.1 -3.4
VEA Vanguard FTSE Developed Markets ETF 1.8 3 46 7.2 -1.3
LRGE ClearBridge Large Cap Growth ESG ETF 1.8 59 -10 3.9 -4.6
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 1.8 65 -16 -1.5 -10.0
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.8 60 -11 10.8 +2.3
CLNR IQ Cleaner Transport ETF 1.8 45 4 6.6 -1.9
EPHE iShares MSCI Philippines ETF 1.7 59 -10 0.0 -8.5
TEMP JPMorgan Climate Change Solutions ETF 1.7 49 0 5.8 -2.8
DTCR Global X Data Center & Digital Infrastructure ETF 1.7 50 -1 4.4 -4.1
TMAT Main Thematic Innovation ETF 1.7 164 -115 -1.5 -10.0
BKF iShares MSCI BIC ETF 1.7 69 -20 13.8 +5.3
RVER Trenchless Fund ETF 1.6 65 -16 4.3 -4.2
CGGR Capital Group Growth ETF 1.6 39 10 3.1 -5.4
BWEB Bitwise Web3 ETF 1.5 85 -36 -0.1 -8.6
FLMX Franklin FTSE Mexico ETF 1.4 19 30 10.5 +2.0
EWW iShares MSCI Mexico ETF 1.4 50 -1 10.2 +1.7
GSFP Goldman Sachs Future Planet Equity ETF 1.4 75 -26 4.8 -3.7
OCEN IQ Clean Oceans ETF 1.4 45 4 6.0 -2.5
IBAT iShares Energy Storage & Materials ETF 1.4 47 2 3.8 -4.7
OND ProShares On-Demand ETF 1.4 58 -9 0.7 -7.8
ESPO VanEck Video Gaming and eSports ETF 1.4 56 -7 3.9 -4.6
HERO Global X Video Games & Esports ETF 1.4 50 -1 3.8 -4.7
NERD Roundhill Video Games ETF 1.4 50 -1 3.1 -5.4
ACWI iShares MSCI ACWI ETF 1.4 32 17 5.5 -3.0
PBD Invesco Global Clean Energy ETF 1.4 75 -26 -0.3 -8.8
KLMT Invesco MSCI Global Climate 500 ETF 1.4 10 39 5.7 -2.8
COLO Global X MSCI Colombia ETF 1.4 62 -13 16.8 +8.3
IDHQ Invesco S&P International Developed High Quality ETF 1.4 29 20 6.6 -1.9
ACWV iShares MSCI Global Min Vol Factor ETF 1.3 20 29 6.2 -2.3
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.3 61 -12 1.5 -7.1
XT iShares Exponential Technologies ETF 1.3 46 3 4.9 -3.6
TTAI FCF International Quality ETF 1.3 59 -10 7.2 -1.3
VT Vanguard Total World Stock ETF 1.3 6 43 5.9 -2.7
CUT Invesco MSCI Global Timber ETF 1.3 61 -12 10.3 +1.8
WOOD iShares Global Timber & Forestry ETF 1.3 42 7 12.0 +3.5
IXG iShares Global Financials ETF 1.2 42 7 6.5 -2.0
UIVM VictoryShares International Value Momentum ETF 1.2 35 14 8.9 +0.4
DGT SPDR Global Dow ETF 1.2 50 -1 7.0 -1.5
SWP SWP Growth & Income ETF 1.2 99 -50 4.1 -4.5
SGDM Sprott Gold Miners ETF 1.2 50 -1 3.4 -5.1
GDX VanEck Gold Miners ETF 1.2 51 -2 3.6 -4.9
AUMI Themes Gold Miners ETF 1.2 35 14 4.7 -3.8
COPY Tweedy, Browne Insider + Value ETF 1.2 80 -31 11.8 +3.3
BLOK Amplify Transformational Data Sharing ETF 1.2 75 -26 -0.4 -8.9
IGRO iShares International Dividend Growth ETF 1.1 15 34 7.3 -1.3
ARKK ARK Innovation ETF 1.1 75 -26 -2.6 -11.1
GINN Goldman Sachs Innovate Equity ETF 1.1 52 -3 3.7 -4.8
NDIA Global X India Active ETF 1.1 75 -26 5.0 -3.5
FDNI First Trust Dow Jones International Internet ETF 1.1 65 -16 21.3 +12.8
JPIN J.P. Morgan Diversified Return International Equity ETF 1.1 37 12 8.3 -0.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.1 58 -9 9.8 +1.3
FFLC Fidelity Fundamental Large Cap Core ETF 1.0 38 11 4.5 -4.0
LOGO Alpha Brands Consumption Leaders ETF 1.0 69 -20 3.1 -5.4
SATO Invesco Alerian Galaxy Crypto Economy ETF 1.0 61 -12 -2.0 -10.5
SDIV Global X Superdividend ETF 1.0 58 -9 41.3 +32.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.0 12 37 5.2 -3.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.9 20 29 5.6 -2.9
ISHP First Trust Nasdaq Retail ETF 0.9 60 -11 5.4 -3.1
KPOP KPOP and Korean Entertainment ETF 0.9 75 -26 2.0 -6.5
SOCL Global X Social Media ETF 0.9 65 -16 8.9 +0.4
TPIF Timothy Plan International ETF 0.9 62 -13 6.2 -2.3
FFND Future Fund Active ETF 0.9 100 -51 4.2 -4.3
FDLS Inspire Fidelis Multi Factor ETF 0.9 76 -27 5.1 -3.4
TRFM AAM Transformers ETF 0.9 49 0 1.3 -7.2
GLOF iShares Global Equity Factor ETF 0.9 20 29 6.5 -2.0
FSST Fidelity Sustainable U.S. Equity ETF 0.9 59 -10 4.3 -4.2
AGNG Global X Aging Population ETF 0.9 50 -1 4.9 -3.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.9 3 46 7.0 -1.5
LOWV AB US Low Volatility Equity ETF 0.9 48 1 5.2 -3.4
ODDS Pacer BlueStar Digital Entertainment ETF 0.8 60 -11 2.1 -6.4
IXP iShares Global Comm Services ETF 0.8 42 7 5.6 -2.9
FBCG Fidelity Blue Chip Growth ETF 0.8 59 -10 2.8 -5.7
WGMI Valkyrie Bitcoin Miners ETF 0.8 75 -26 -5.6 -14.1
CIL VictoryShares International Volatility Wtd ETF 0.8 45 4 6.6 -1.9
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.8 24 25 7.4 -1.1
LRGC AB US Large Cap Strategic Equities ETF 0.8 48 1 4.4 -4.1
DGIN VanEck Digital India ETF 0.8 71 -22 2.2 -6.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.8 47 2 5.8 -2.7
BINV Brandes International ETF 0.8 70 -21 9.4 +0.9
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.8 56 -7 10.7 +2.2
IDV iShares International Select Dividend ETF 0.8 51 -2 10.6 +2.1
GCOW Pacer Global Cash Cows Dividend ETF 0.8 60 -11 10.9 +2.4
IOO iShares Global 100 ETF 0.8 41 8 4.8 -3.8
SDG iShares MSCI Global Sustainable Development Goals ETF 0.7 49 0 5.8 -2.7
RXI iShares Global Consumer Discretionary ETF 0.7 41 8 9.3 +0.8
MXI iShares Global Materials ETF 0.7 41 8 7.6 -0.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 0.7 60 -11 8.1 -0.4
GMET VanEck Green Metals ETF 0.7 63 -14 9.1 +0.6
VIGI Vanguard International Dividend Appreciation ETF 0.7 10 39 6.3 -2.2
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.7 80 -31 13.8 +5.3
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.6 85 -36 8.7 +0.2
DMAT Global X Disruptive Materials ETF 0.6 59 -10 7.8 -0.7
BATT Amplify Lithium & Battery Technology ETF 0.6 59 -10 3.6 -4.9
SLX VanEck Steel ETF 0.6 56 -7 15.0 +6.5
SCHY Schwab International Dividend Equity ETF 0.6 14 35 9.7 +1.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 70 -21 7.8 -0.7
RCGE RockCreek Global Equality ETF 0.6 95 -46 6.7 -1.8
CRAK VanEck Oil Refiners ETF 0.6 61 -12 13.7 +5.2
IXJ iShares Global Healthcare ETF 0.6 42 7 7.3 -1.2
JGLO JPMorgan Global Select Equity ETF 0.6 33 16 4.9 -3.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 0 6.8 -1.7
HART IQ Healthy Hearts ETF 0.6 45 4 6.6 -1.9
JGRO JPMorgan Active Growth ETF 0.6 44 5 3.4 -5.1
OAIM OneAscent International Equity ETF 0.6 95 -46 5.7 -2.8
MOO VanEck Agribusiness ETF 0.6 53 -4 10.3 +1.8
FILL iShares MSCI Global Energy Producers ETF 0.5 39 10 11.6 +3.1
VEGI iShares MSCI Agriculture Producers ETF 0.5 39 10 8.6 +0.1
IDRV iShares Self-driving EV & Tech ETF 0.5 47 2 1.8 -6.7
SCHC Schwab International Small-Cap Equity ETF 0.5 11 38 6.6 -1.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 10 5.8 -2.8
HELX Franklin Genomic Advancements ETF 0.5 50 -1 -0.2 -8.7
BOUT Innovator IBD Breakout Opportunities ETF 0.5 81 -32 2.7 -5.8
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.4 10 39 8.0 -0.5
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.4 45 4 4.0 -4.5
KOMP SPDR S&P Kensho New Economies Composite ETF 0.4 20 29 2.5 -6.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 8 41 6.1 -2.4
ERTH Invesco MSCI Sustainable Future ETF 0.4 62 -13 3.7 -4.8
CCNR ALPS CoreCommodity Natural Resources ETF 0.3 39 10 11.0 +2.5
SHPP Pacer Industrials and Logistics ETF 0.3 60 -11 8.6 +0.1
KXI iShares Global Consumer Staples ETF 0.3 41 8 5.5 -3.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.3 12 37 8.1 -0.4
SPEU SPDR Portfolio Europe ETF 0.3 7 42 7.4 -1.1
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 4 6.1 -2.4
VGK Vanguard FTSE Europe ETF 0.2 6 43 7.5 -1.0
EXI iShares Global Industrials ETF 0.2 42 7 4.5 -4.0
IPAV Global X Infrastructure Development ex-U.S. ETF 0.2 55 -6 7.7 -0.8
ARTY iShares Future AI & Tech ETF 0.2 47 2 3.6 -4.9
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 -11 4.2 -4.3
IQSI IQ Candriam International Equity ETF 0.2 15 34 6.6 -1.9
FVD First Trust Value Line Dividend Index Fund 0.2 65 -16 6.2 -2.3
FPAG FPA Global Equity ETF 0.2 49 0 5.7 -2.8
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 40 7.2 -1.3
CIBR First Trust NASDAQ Cybersecurity ETF 0.2 60 -11 4.1 -4.4
GLIN VanEck India Growth Leaders ETF 0.2 77 -28 7.1 -1.4
PID Invesco International Dividend Achievers ETF 0.2 53 -4 5.5 -3.0
GINX SGI Enhanced Global Income ETF 0.2 98 -49 7.1 -1.4
FLEE Franklin FTSE Europe ETF 0.2 9 40 7.3 -1.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 7 9.7 +1.2
TAX Cambria Tax Aware ETF 0.2 49 0 5.0 -3.5
IPOS Renaissance International IPO ETF 0.1 80 -31 2.3 -6.2
INTF iShares International Equity Factor ETF 0.1 15 34 7.6 -0.9
BKIE BNY Mellon International Equity ETF 0.1 4 45 7.0 -1.5
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 29 6.9 -1.6
OBOR KraneShares MSCI One Belt One Road Index ETF 0.1 79 -30 9.0 +0.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 10 7.9 -0.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 -9 4.7 -3.8
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 3 5.6 -2.9
EMIF iShares Emerging Markets Infrastructure ETF 0.1 60 -11 5.0 -3.5
IGF iShares Global Infrastructure ETF 0.1 41 8 4.7 -3.8
GII SPDR S&P Global Infrastructure ETF 0.1 40 9 4.7 -3.8
ABLD Abacus FCF Real Assets Leaders ETF 0.1 69 -20 6.7 -1.8
JETS U.S. Global Jets ETF 0.1 60 -11 2.6 -5.9
FTRI First Trust Indxx Global Natural Resources Income ETF 0.1 70 -21 7.6 -0.9
GOEX Global X Gold Explorers ETF 0.1 65 -16 3.3 -5.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 7 5.4 -3.1
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 40 7.9 -0.6
RSSL Global X Russell 2000 ETF 0.0 8 41 4.4 -4.1
GVLU Gotham 1000 Value ETF 0.0 50 -1 8.9 +0.3
LST Leuthold Select Industries ETF 0.0 91 -42 5.1 -3.4
EBI Longview Advantage ETF 0.0 35 14 6.5 -2.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -16 7.8 -0.7

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

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

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.9 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 8.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 CATEGORY
AVERAGE		 1.51
 
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.