Freedom 100 Emerging Markets ETF
ALTAR
Score™		 5.6% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 16.9x P/Sales
ratio		 1.6x
P/BV
ratio		 2.6x Div.
yield		 2.6%


  • 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) $3,007
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 117
Wgt avg mkt cap (mns) $206,194
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 10.1 %
TAIWAN SEMICONDUCTOR-SP ADR 8.0 %
HYNIX SEMICONDUCTOR INC 5.8 %
VALE SA 3.6 %
BANK PEKAO SA 3.6 %
DELTA ELECTRONICS INC 3.3 %
LAN AIRLINES SA 3.1 %
BANCO DE CHILE 3.1 %
S.A.C.I. FALABELLA 2.7 %
MEDIATEK INC 2.5 %
Total 46.0 %

TOP COUNTRY EXPOSURE
TAIWAN 23.7 %
SOUTH KOREA 18.9 %
CHILE 15.4 %
POLAND 10.5 %
BRAZIL 8.6 %
MALAYSIA 5.5 %
SOUTH AFRICA 4.8 %
THAILAND 2.1 %
MEXICO 1.8 %
PHILIPPINES 1.6 %

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.
7.0% 59.7% 13.2% -- 586.1%

Market Correlations
versus... Beta R-squared
S&P500 0.92 54%
MSCI EAFE 1.13 71%
MSCI Emg. Mkts. 1.10 89%

Technical Indicators
Recent close $63.05
30d moving avg. $57.83
Annualized volatility 17.4%
Short interest (ETF) 0.2%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 237,400
Turnover 497.7%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $2,833

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 413 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™: 5.6%


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
(%)
STXE Strive Emerging Markets Ex-China ETF 31.0 32 17 5.5 -0.1
EMM Global X Emerging Markets ex-China ETF 29.9 75 -26 4.8 -0.8
EMDM First Trust Bloomberg Emerging Market Democracies ETF 29.4 75 -26 6.4 +0.8
AIA iShares Asia 50 ETF 26.7 50 -1 8.2 +2.6
EMXC iShares MSCI Emerging Markets ex China ETF 26.5 25 24 5.2 -0.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 26.1 24 25 5.5 -0.2
ECON Columbia Emerging Markets Consumer ETF 24.4 49 0 6.9 +1.3
EMC Global X Emerging Markets Great Consumer ETF 23.9 75 -26 7.2 +1.6
XCEM Columbia EM Core ex-China ETF 23.7 16 33 5.0 -0.6
AVXC Avantis Emerging Markets Ex-China Equity ETF 22.9 33 16 6.2 +0.6
JIVE JPMorgan International Value ETF 22.4 55 -6 8.4 +2.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 21.8 32 17 4.8 -0.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 21.3 30 19 8.0 +2.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 21.2 35 14 11.0 +5.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 20.3 32 17 7.5 +1.9
EEM iShares MSCI Emerging Markets ETF 20.2 69 -20 7.8 +2.2
AVSE Avantis Responsible Emerging Markets Equity ETF 19.5 33 16 6.8 +1.2
JHEM John Hancock Multifactor Emerging Markets ETF 19.4 49 0 7.6 +2.0
EMGF iShares Emerging Markets Equity Factor ETF 19.2 25 24 9.0 +3.4
UMMA Wahed Dow Jones Islamic World ETF 19.1 65 -16 3.7 -1.9
EWY iShares MSCI South Korea ETF 18.9 58 -9 3.7 -1.9
FLKR Franklin FTSE South Korea ETF 18.9 9 40 4.7 -0.9
AVEM Avantis Emerging Markets Equity ETF 18.7 33 16 7.1 +1.5
ESGE iShares ESG Aware MSCI EM ETF 18.6 25 24 8.3 +2.7
EMXF iShares ESG Advanced MSCI EM ETF 18.6 16 33 6.9 +1.3
JADE JPMorgan Active Developing Markets Equity ETF 18.1 65 -16 6.1 +0.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 17.8 70 -21 7.0 +1.4
IEMG iShares Core MSCI Emerging Markets ETF 17.7 9 40 8.1 +2.5
EEMA iShares MSCI Emerging Markets Asia ETF 17.5 49 0 7.6 +2.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 17.4 33 16 6.8 +1.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 17.2 20 29 8.4 +2.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 17.0 30 19 7.6 +2.0
CHPX Global X AI Semiconductor & Quantum ETF 16.9 50 -1 1.9 -3.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 16.9 66 -17 7.3 +1.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 16.8 15 34 8.0 +2.4
ROAM Hartford Multifactor Emerging Markets ETF 16.2 44 5 7.7 +2.1
DEHP Dimensional Emerging Markets High Profitability ETF 16.2 41 8 4.9 -0.8
BKEM BNY Mellon Emerging Markets Equity ETF 16.1 11 38 7.9 +2.3
ECH iShares MSCI Chile ETF 15.8 58 -9 6.9 +1.3
GMF SPDR S&P Emerging Asia Pacific ETF 15.8 49 0 8.6 +3.0
DEXC Dimensional Emerging Markets ex China Core EquityETF 15.7 53 -4 5.2 -0.4
XC WisdomTree Emerging Markets Ex-China Fund 15.6 32 17 6.2 +0.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 15.5 50 -1 8.3 +2.7
PATN Pacer Nasdaq International Patent Leaders ETF 15.5 65 -16 4.4 -1.2
DFAE Dimensional Emerging Core Equity Market ETF 15.5 35 14 6.9 +1.3
FLLA Franklin FTSE Latin America ETF 15.3 19 30 9.7 +4.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 15.2 36 13 7.6 +2.0
VEXC Vanguard Emerging Markets Ex-China ETF 14.8 7 42 5.7 +0.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 14.8 15 34 8.9 +3.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 14.8 45 4 8.1 +2.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 14.1 39 10 13.5 +7.9
FLN First Trust Latin America AlphaDEX Fund 14.1 80 -31 9.1 +3.5
LDEM iShares ESG MSCI EM Leaders ETF 14.1 17 32 12.0 +6.4
XCNY SPDR S&P Emerging Markets ex-China ETF 13.8 15 34 5.7 +0.1
FLAX Franklin FTSE Asia Ex Japan ETF 13.4 19 30 7.2 +1.6
AIS VistaShares Artificial Intelligence Supercycle ETF 13.2 75 -26 1.2 -4.4
AIQ Global X Artificial Intelligence & Technology ETF 13.2 68 -19 3.0 -2.6
MINV Matthews Asia Innovators Active ETF 13.0 79 -30 5.5 -0.1
DFEV Dimensional Emerging Markets Value ETF 13.0 43 6 9.6 +4.0
EWT iShares MSCI Taiwan ETF 13.0 58 -9 3.4 -2.2
FLTW Franklin FTSE Taiwan ETF 13.0 19 30 3.8 -1.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 12.8 38 11 6.9 +1.3
PXH Invesco FTSE RAFI Emerging Markets ETF 12.7 49 0 13.2 +7.6
FRGN Horizon International Equity ETF 12.5 75 -26 8.0 +2.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 12.3 25 24 6.2 +0.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 12.2 59 -10 8.5 +2.9
CARZ First Trust NASDAQ Global Auto Index Fund 12.1 70 -21 2.5 -3.1
FDEM Fidelity Emerging Markets Multifactor ETF 12.0 25 24 10.3 +4.7
MEM Matthews Emerging Markets Equity Active ETF 11.9 79 -30 8.5 +2.9
BAI iShares AI Innovation and Tech Active ETF 11.9 55 -6 1.0 -4.6
EMMF WisdomTree Emerging Markets Multifactor Fund 11.5 48 1 8.6 +3.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 11.4 29 20 8.5 +2.9
AIVC Amplify Bloomberg AI Value Chain ETF 11.2 59 -10 4.2 -1.5
EPOL iShares MSCI Poland ETF 11.1 59 -10 9.0 +3.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 11.0 44 5 9.1 +3.5
WTAI WisdomTree Artificial Intelligence and Innovation Fund 11.0 45 4 2.2 -3.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 10.9 41 8 6.8 +1.2
VPL Vanguard FTSE Pacific ETF 10.9 7 42 5.5 -0.1
NUEM Nuveen ESG Emerging Markets Equity ETF 10.3 36 13 5.9 +0.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 10.3 40 9 6.3 +0.7
RNEM First Trust Emerging Markets Equity Select ETF 10.2 75 -26 7.7 +2.1
SPEM SPDR Portfolio Emerging Markets ETF 10.1 7 42 9.2 +3.6
IMFL Invesco International Developed Dynamic Multifactor ETF 9.9 34 15 5.2 -0.4
DEM WisdomTree Emerging Markets High Dividend Fund 9.7 63 -14 10.5 +4.9
GTEK Goldman Sachs Future Tech Leaders Equity ETF 9.7 75 -26 1.9 -3.7
SCHE Schwab Emerging Markets Equity ETF 9.5 11 38 9.2 +3.6
VWO Vanguard FTSE Emerging Markets ETF 9.4 7 42 8.9 +3.3
ILF iShares Latin America 40 ETF 9.1 48 1 8.8 +3.2
NXTG First Trust Indxx NextG ETF 9.1 70 -21 4.0 -1.6
AVES Avantis Emerging Markets Value ETF 8.9 36 13 8.8 +3.2
APIE ActivePassive International Equity ETF 8.9 45 4 6.4 +0.8
ABLG Abacus FCF International Leaders ETF 8.6 59 -10 6.1 +0.5
FDTX Fidelity Disruptive Technology ETF 8.5 50 -1 1.8 -3.8
CHAT Roundhill Generative AI & Technology ETF 8.5 75 -26 4.5 -1.1
EWZ iShares MSCI Brazil ETF 8.4 58 -9 9.3 +3.7
FLBR Franklin FTSE Brazil ETF 8.4 19 30 10.4 +4.8
CWI SPDR MSCI ACWI ex-US ETF 8.3 30 19 6.5 +0.9
FDCF Fidelity Disruptive Communications ETF 8.3 50 -1 1.9 -3.7
SMH VanEck Semiconductor ETF 8.0 35 14 2.2 -3.4
WUGI AXS Esoterica NextG Economy ETF 8.0 75 -26 1.5 -4.1
DVYE iShares Emerging Markets Dividend ETF 7.9 49 0 17.0 +11.4
AOTG AOT Growth and Innovation ETF 7.8 75 -26 1.3 -4.3
DINT Davis Select International ETF 7.8 55 -6 6.1 +0.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 7.6 95 -46 9.8 +4.2
IXN iShares Global Tech ETF 7.4 41 8 2.9 -2.7
OSEA Harbor International Compounders ETF 7.4 55 -6 4.1 -1.5
EDIV SPDR S&P Emerging Markets Dividend ETF 7.2 49 0 8.9 +3.3
VNSE Natixis Vaughan Nelson Select ETF 7.0 80 -31 3.3 -2.3
CGGO Capital Group Global Growth Equity ETF 7.0 47 2 4.2 -1.4
FEOE First Eagle Overseas Equity ETF 7.0 79 -30 6.2 +0.6
VSGX Vanguard ESG International Stock ETF 6.8 10 39 6.7 +1.1
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 6.6 88 -39 8.4 +2.8
FEM First Trust Emerging Markets AlphaDEX Fund 6.4 80 -31 8.4 +2.8
ACWX iShares MSCI ACWI ex U.S. ETF 6.4 34 15 6.4 +0.8
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.4 78 -29 9.7 +4.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 6.3 80 -31 7.0 +1.4
IGPT Invesco AI and Next Gen Software ETF 6.1 60 -11 2.9 -2.7
VEU Vanguard FTSE All-World ex-US Index Fund 6.0 4 45 6.7 +1.1
IQM Franklin Intelligent Machines ETF 6.0 50 -1 1.1 -4.5
PIEL Pacer International Export Leaders ETF 5.9 60 -11 4.3 -1.3
BGDV Bahl & Gaynor Dividend ETF 5.9 45 4 3.9 -1.7
PICK iShares MSCI Global Metals & Mining Producers ETF 5.8 39 10 7.9 +2.3
KNCT Invesco Next Gen Connectivity ETF 5.7 40 9 3.4 -2.2
VXUS Vanguard Total International Stock ETF 5.6 5 44 6.6 +1.0
IXUS iShares Core MSCI Total International Stock ETF 5.5 7 42 6.6 +1.0
WWJD Inspire International ETF 5.5 80 -31 6.2 +0.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 5.5 45 4 9.3 +3.7
EWM iShares MSCI Malaysia ETF 5.5 50 -1 6.1 +0.5
CGXU Capital Group International Focus Equity ETF 5.5 54 -5 3.9 -1.7
ASEA Global X FTSE Southeast Asia ETF 5.4 65 -16 5.5 -0.1
FNDF Schwab Fundamental International Large Co. Index ETF 5.3 25 24 7.6 +2.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.3 41 8 6.1 +0.5
BKCI BNY Mellon Concentrated International ETF 5.2 80 -31 4.9 -0.7
DWLD Davis Select Worldwide ETF 5.2 63 -14 6.7 +1.1
FMET Fidelity Metaverse ETF 5.2 39 10 4.4 -1.2
JSTC Adasina Social Justice All Cap Global ETF 5.0 89 -40 4.5 -1.1
AFK VanEck Africa Index ETF 5.0 98 -49 10.5 +4.9
RGEF Rockefeller Global Equity ETF 4.9 55 -6 3.9 -1.7
MOTO SmartETFs Smart Transportation & Technology ETF 4.9 68 -19 5.3 -0.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.9 47 2 7.3 +1.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 4.9 18 31 6.4 +0.8
IVES Wedbush ETFMG Global Cloud Technology ETF 4.9 68 -19 3.9 -1.7
ARTY iShares Future AI & Tech ETF 4.7 47 2 2.7 -2.9
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 4.7 90 -41 3.7 -1.9
FEGE First Eagle Global Equity ETF 4.7 79 -30 6.0 +0.4
DOL WisdomTree International LargeCap Dividend Fund 4.6 48 1 5.7 +0.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 4.6 30 19 6.4 +0.8
JIG JPMorgan International Growth ETF 4.6 55 -6 3.6 -2.0
GVAL Cambria Global Value ETF 4.6 68 -19 8.7 +3.1
TMFG Motley Fool Global Opportunities ETF 4.6 85 -36 3.7 -1.9
CGDG Capital Group Dividend Growers ETF 4.6 47 2 5.1 -0.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 4.5 60 -11 9.0 +3.4
VYMI Vanguard International High Dividend Yield ETF 4.5 17 32 8.0 +2.4
SCHF Schwab International Equity ETF 4.4 6 43 6.0 +0.4
TINY ProShares Nanotechnology ETF 4.4 58 -9 1.3 -4.3
LOGO Alpha Brands Consumption Leaders ETF 4.4 69 -20 2.5 -3.1
GFGF Guru Favorite Stocks ETF Guru Favorite Stocks Fund 4.3 65 -16 3.5 -2.1
SOXQ Invesco PHLX Semiconductor ETF 4.3 19 30 2.2 -3.4
EZA iShares MSCI South Africa ETF 4.3 58 -9 8.4 +2.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.3 60 -11 10.0 +4.4
VEA Vanguard FTSE Developed Markets ETF 4.1 3 46 6.0 +0.4
TDIV First Trust NASDAQ Technology Dividend Index Fund 4.1 50 -1 5.0 -0.6
LIVR Intelligent Livermore ETF 4.0 69 -20 2.9 -2.7
ITOL Tema International Durable Quality ETF 4.0 60 -11 4.9 -0.7
EEMO Invesco S&P Emerging Markets Momentum ETF 3.9 29 20 7.0 +1.4
DIVS SmartETFs Dividend Builder ETF 3.8 65 -16 4.4 -1.2
FFOG Franklin Focused Growth ETF 3.8 61 -12 1.5 -4.1
HFXI IQ FTSE International Equity Currency Neutral ETF 3.8 20 29 5.8 +0.2
SOXX iShares Semiconductor ETF 3.8 35 14 2.3 -3.3
AGIX KraneShares Artificial Intelligence and Technology ETF 3.8 99 -50 1.3 -4.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.8 45 4 6.9 +1.3
METV Roundhill Ball Metaverse ETF 3.8 59 -10 7.9 +2.3
EYLD Cambria Emerging Shareholder Yield ETF 3.8 66 -17 9.2 +3.6
GINX SGI Enhanced Global Income ETF 3.8 98 -49 6.8 +1.2
IQDF FlexShares International Quality Dividend Index Fund 3.8 47 2 7.6 +2.0
VIDI Vident International Equity Strategy ETF 3.7 61 -12 8.3 +2.7
ARVR First Trust Indxx Metaverse ETF 3.7 70 -21 3.9 -1.7
RFFC ALPS Active Equity Opportunity ETF 3.7 48 1 3.7 -1.9
XNTK State Street SPDR NYSE Technology ETF 3.6 35 14 2.7 -2.9
QTUM Defiance Quantum ETF 3.6 40 9 4.1 -1.5
LRGE ClearBridge Large Cap Growth ESG ETF 3.6 59 -10 2.6 -3.0
CLNR IQ Cleaner Transport ETF 3.6 45 4 3.9 -1.7
BRAZ Global X Brazil Active ETF 3.5 75 -26 9.0 +3.4
RSHO Tema American Reshoring ETF 3.5 75 -26 3.5 -2.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 3.5 65 -16 1.5 -4.1
PRAY FIS Christian Stock Fund 3.4 69 -20 3.9 -1.7
AADR AdvisorShares Dorsey Wright ADR ETF 3.4 110 -61 2.9 -2.7
OCEN IQ Clean Oceans ETF 3.3 45 4 4.5 -1.1
POW VistaShares Electrification Supercycle ETF 3.3 75 -26 1.8 -3.8
BGIG Bahl & Gaynor Income Growth ETF 3.3 45 4 4.5 -1.1
BLES Inspire Global Hope ETF 3.3 61 -12 5.7 +0.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.3 46 3 7.4 +1.8
BKF iShares MSCI BIC ETF 3.3 69 -20 13.6 +8.0
EPU iShares MSCI Peru and Global Exposure ETF 3.2 59 -10 4.5 -1.1
IBAT iShares Energy Storage & Materials ETF 3.2 47 2 1.6 -4.0
OTGL OTG Latin America ETF 3.1 269 -220 7.2 +1.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.1 80 -31 6.7 +1.1
ARKQ ARK Autonomous Technology & Robotics ETF 3.1 75 -26 0.9 -4.7
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 3.0 68 -19 0.6 -5.0
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.0 67 -18 12.2 +6.6
SFYF SoFi Social 50 ETF 3.0 29 20 0.8 -4.8
DWX SPDR S&P International Dividend ETF 3.0 45 4 6.8 +1.2
DARP Grizzle Growth ETF 3.0 75 -26 1.7 -3.9
ARKW ARK Next Generation Internet ETF 2.9 87 -38 0.6 -5.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.9 65 -16 7.5 +1.9
ROBO ROBO Global Robotics & Automation Index ETF 2.8 95 -46 2.4 -3.2
VUSG Vanguard Wellington U.S. Growth Active ETF 2.7 35 14 2.4 -3.2
YNOT Horizon Digital Frontier ETF 2.7 75 -26 2.5 -3.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.6 9 40 4.9 -0.7
PCGG Polen Capital Global Growth ETF 2.6 85 -36 3.8 -1.9
DTCR Global X Data Center & Digital Infrastructure ETF 2.6 50 -1 3.4 -2.2
ACWI iShares MSCI ACWI ETF 2.4 32 17 4.7 -0.9
TIIV AAM Todd International Intrinsic Value ETF 2.4 54 -5 9.7 +4.1
CGIE Capital Group International Equity ETF 2.3 54 -5 4.6 -1.0
GKAT Scharf Global Opportunity ETF 2.3 57 -8 5.8 +0.2
IDOG ALPS International Sector Dividend Dogs ETF 2.3 50 -1 9.2 +3.6
CGGR Capital Group Growth ETF 2.3 39 10 2.5 -3.1
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.2 45 4 -0.9 -6.5
VT Vanguard Total World Stock ETF 2.1 6 43 5.1 -0.5
GVIP Goldman Sachs Hedge Industry VIP ETF 2.1 45 4 2.4 -3.2
FFTY Innovator IBD 50 ETF 2.0 80 -31 -0.0 -5.6
FCLD Fidelity Cloud Computing ETF 2.0 39 10 3.7 -1.9
IGRO iShares International Dividend Growth ETF 2.0 15 34 6.7 +1.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.0 20 29 4.8 -0.8
IDHQ Invesco S&P International Developed High Quality ETF 2.0 29 20 5.5 -0.2
FSST Fidelity Sustainable U.S. Equity ETF 2.0 59 -10 3.4 -2.2
HAP VanEck Natural Resources ETF 1.9 50 -1 6.5 +0.9
SPDW SPDR Portfolio Developed World ex-US ETF 1.9 3 46 5.9 +0.3
IOO iShares Global 100 ETF 1.9 41 8 3.9 -1.7
WRND IQ Global Equity R&D Leaders ETF 1.9 18 31 4.0 -1.6
BLOK Amplify Transformational Data Sharing ETF 1.9 75 -26 -0.1 -5.7
LOWV AB US Low Volatility Equity ETF 1.8 48 1 4.3 -1.3
KOCG FIS Knights of Columbus Global Belief ETF 1.8 75 -26 4.4 -1.2
SWP SWP Growth & Income ETF 1.8 99 -50 4.2 -1.4
EWW iShares MSCI Mexico ETF 1.8 50 -1 7.9 +2.3
FLMX Franklin FTSE Mexico ETF 1.8 19 30 8.4 +2.8
UIVM VictoryShares International Value Momentum ETF 1.8 35 14 8.3 +2.7
SNSR Global X Internet of Things ETF 1.7 68 -19 3.6 -2.0
EPHE iShares MSCI Philippines ETF 1.7 59 -10 0.0 -5.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.7 47 2 4.9 -0.7
ACWV iShares MSCI Global Min Vol Factor ETF 1.6 20 29 5.7 +0.1
LRGC AB US Large Cap Strategic Equities ETF 1.6 48 1 3.8 -1.8
CIL VictoryShares International Volatility Wtd ETF 1.6 45 4 5.8 +0.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.5 12 37 4.4 -1.2
JPIN J.P. Morgan Diversified Return International Equity ETF 1.5 37 12 7.0 +1.4
FFLC Fidelity Fundamental Large Cap Core ETF 1.5 38 11 3.8 -1.8
KLMT Invesco MSCI Global Climate 500 ETF 1.5 10 39 5.0 -0.6
HGRO Hedgeye Quality Growth ETF 1.5 70 -21 3.4 -2.2
GLOF iShares Global Equity Factor ETF 1.5 20 29 5.6 +0.0
ARKK ARK Innovation ETF 1.5 75 -26 -2.9 -8.5
BWEB Bitwise Web3 ETF 1.5 85 -36 -0.1 -5.7
DGT State Street SPDR Global Dow ETF 1.5 50 -1 5.8 +0.2
GMET VanEck Green Metals ETF 1.4 63 -14 0.3 -5.3
FFND Future Fund Active ETF 1.4 100 -51 4.3 -1.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.3 58 -9 8.2 +2.6
XT iShares Exponential Technologies ETF 1.3 46 3 4.0 -1.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.3 70 -21 9.1 +3.5
PBD Invesco Global Clean Energy ETF 1.3 75 -26 0.2 -5.4
ARGT Global X MSCI Argentina ETF 1.3 59 -10 3.2 -2.4
TPIF Timothy Plan International ETF 1.3 62 -13 5.5 -0.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.2 42 7 4.0 -1.6
SDIV Global X Superdividend ETF 1.2 58 -9 13.0 +7.4
CGDV Capital Group Dividend Value ETF 1.2 33 16 3.9 -1.7
COPY Tweedy, Browne Insider + Value ETF 1.2 80 -31 15.1 +9.5
AQLT iShares MSCI Global Quality Factor ETF 1.2 18 31 0.0 -5.6
RCGE RockCreek Global Equality ETF 1.2 95 -46 6.1 +0.5
ARKX ARK Space Exploration & Innovation ETF 1.2 75 -26 0.0 -5.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.1 10 39 8.0 +2.4
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.1 61 -12 1.5 -4.1
GDX VanEck Gold Miners ETF 1.1 51 -2 2.5 -3.1
IXG iShares Global Financials ETF 1.1 42 7 6.3 +0.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.1 70 -21 6.2 +0.6
FBCG Fidelity Blue Chip Growth ETF 1.1 59 -10 2.2 -3.5
EIDO iShares MSCI Indonesia ETF 1.1 59 -10 8.5 +2.9
IDX VanEck Indonesia Index ETF 1.1 57 -8 7.9 +2.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.1 60 -11 6.3 +0.7
ICPY Tweedy, Browne International Insider Value ETF 1.1 80 -31 21.9 +16.3
RXI iShares Global Consumer Discretionary ETF 1.1 41 8 7.9 +2.3
DSTX Distillate International Fundamental Stability & Value ETF 1.1 55 -6 6.5 +0.9
SCHY Schwab International Dividend Equity ETF 1.1 14 35 8.3 +2.7
JGRO JPMorgan Active Growth ETF 1.0 44 5 2.4 -3.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.0 49 0 6.0 +0.4
GINN Goldman Sachs Innovate Equity ETF 1.0 52 -3 3.8 -1.8
EXI iShares Global Industrials ETF 1.0 42 7 3.5 -2.1
KAT Scharf ETF 1.0 87 -38 6.1 +0.5
ABLD Abacus FCF Real Assets Leaders ETF 1.0 69 -20 6.2 +0.6
BNGE First Trust S-Network Streaming and Gaming ETF 1.0 70 -21 3.0 -2.6
ESPO VanEck Video Gaming and eSports ETF 1.0 56 -7 6.3 +0.7
HERO Global X Video Games & Esports ETF 1.0 50 -1 5.6 -0.0
NERD Roundhill Video Games ETF 1.0 50 -1 7.5 +1.9
OND ProShares On-Demand ETF 1.0 58 -9 0.4 -5.2
ODDS Pacer BlueStar Digital Entertainment ETF 1.0 60 -11 4.5 -1.1
CGW Invesco S&P Global Water Index ETF 0.9 57 -8 4.3 -1.3
PIO Invesco Global Water ETF 0.9 75 -26 4.1 -1.5
VCLN Virtus Duff & Phelps Clean Energy ETF 0.9 59 -10 2.4 -3.2
EFRA iShares Environmental Infrastructure and Industrials ETF 0.9 47 2 4.8 -0.8
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.9 61 -12 -0.7 -6.3
TTAI FCF International Quality ETF 0.9 59 -10 6.7 +1.1
COLO Global X MSCI Colombia ETF 0.9 62 -13 15.7 +10.1
OBOR KraneShares MSCI One Belt One Road Index ETF 0.9 79 -30 7.0 +1.4
JGLO JPMorgan Global Select Equity ETF 0.9 33 16 4.2 -1.4
GNR SPDR S&P Global Natural Resources ETF 0.9 40 9 8.2 +2.6
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 0.9 60 -11 1.9 -3.7
SGDM Sprott Gold Miners ETF 0.9 50 -1 2.5 -3.1
AUMI Themes Gold Miners ETF 0.9 35 14 2.8 -2.8
BRIF FIS Bright Portfolios Focused Equity ETF 0.9 65 -16 3.6 -2.1
GPT Intelligent Alpha Atlas ETF 0.9 69 -20 6.0 +0.4
AUAU Global X Gold Miners ETF 0.9 35 14 2.3 -3.4
ION ProShares S&P Global Core Battery Metals ETF 0.8 58 -9 4.8 -0.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.8 12 37 8.2 +2.6
WGMI Valkyrie Bitcoin Miners ETF 0.8 75 -26 -2.9 -8.5
SRVR Pacer Data & Infrastructure Real Estate ETF 0.8 55 -6 3.5 -2.1
GEW Cambria Global EW ETF 0.8 29 20 5.4 -0.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.8 39 10 6.7 +1.1
DEW WisdomTree Global High Dividend Fund 0.8 58 -9 7.3 +1.7
RWX SPDR Dow Jones International Real Estate ETF 0.8 59 -10 6.9 +1.3
BATT Amplify Lithium & Battery Technology ETF 0.8 59 -10 1.7 -3.9
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.8 24 25 6.9 +1.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.7 58 -9 3.3 -2.3
CCNR ALPS CoreCommodity Natural Resources ETF 0.7 39 10 7.9 +2.3
SCHC Schwab International Small-Cap Equity ETF 0.7 11 38 6.4 +0.8
JXI iShares Global Utilities ETF 0.7 43 6 4.9 -0.7
BINV Brandes International ETF 0.7 70 -21 8.6 +3.0
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.7 58 -9 7.4 +1.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.7 8 41 6.2 +0.6
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.7 42 7 7.3 +1.7
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.7 65 -16 7.7 +2.1
ICLN iShares Global Clean Energy ETF 0.6 41 8 1.8 -3.8
HUMN Roundhill Humanoid Robotics ETF 0.6 75 -26 1.2 -4.4
FDLS Inspire Fidelis Multi Factor ETF 0.6 76 -27 3.2 -2.4
CGUS Capital Group Core Equity ETF 0.6 33 16 3.6 -2.0
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.6 70 -21 3.8 -1.8
FPXI First Trust International Equity Opportunities ETF 0.6 70 -21 3.7 -1.9
CGV Conductor Global Equity Value ETF 0.6 130 -81 7.3 +1.7
OAIM OneAscent International Equity ETF 0.6 95 -46 4.6 -1.0
ERTH Invesco MSCI Sustainable Future ETF 0.5 62 -13 2.9 -2.7
FPAG FPA Global Equity ETF 0.5 49 0 5.9 +0.3
MXI iShares Global Materials ETF 0.5 41 8 5.8 +0.2
ICOP iShares Copper and Metals Mining ETF 0.5 47 2 5.5 -0.1
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.5 80 -31 3.4 -2.2
SHPP Pacer Industrials and Logistics ETF 0.5 60 -11 6.7 +1.1
VIGI Vanguard International Dividend Appreciation ETF 0.4 10 39 6.1 +0.5
URA Global X Uranium ETF 0.4 69 -20 0.6 -5.0
TNUK Tortoise Nuclear Renaissance ETF 0.4 75 -26 0.6 -5.0
TRFM AAM Transformers ETF 0.4 49 0 1.0 -4.6
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.4 80 -31 11.4 +5.8
IXJ iShares Global Healthcare ETF 0.4 42 7 6.5 +0.9
WSGE Warren Street Global Equity ETF 0.4 80 -31 2.9 -2.7
IPAV Global X Infrastructure Development ex-U.S. ETF 0.4 55 -6 5.6 -0.0
AGNG Global X Aging Population ETF 0.4 50 -1 4.2 -1.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.3 86 -37 11.9 +6.3
FDNI First Trust Dow Jones International Internet ETF 0.3 65 -16 22.6 +17.0
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.3 86 -37 0.2 -5.4
ISHP First Trust Nasdaq Retail ETF 0.3 60 -11 5.1 -0.5
IXP iShares Global Comm Services ETF 0.3 42 7 5.4 -0.2
SOCL Global X Social Media ETF 0.3 65 -16 12.1 +6.5
CUT Invesco MSCI Global Timber ETF 0.3 61 -12 8.4 +2.8
WOOD iShares Global Timber & Forestry ETF 0.3 42 7 11.3 +5.7
SLVP iShares MSCI Global Silver Miners ETF 0.3 39 10 3.6 -2.0
KXI iShares Global Consumer Staples ETF 0.3 41 8 5.2 -0.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.3 56 -7 9.8 +4.2
GCOW Pacer Global Cash Cows Dividend ETF 0.3 60 -11 9.1 +3.5
IDV iShares International Select Dividend ETF 0.3 51 -2 9.0 +3.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 10 7.0 +1.4
VGK Vanguard FTSE Europe ETF 0.3 6 43 6.5 +0.9
SHLD Global X Defense Tech ETF 0.3 50 -1 2.8 -2.8
GDXJ VanEck Junior Gold Miners ETF 0.3 52 -3 2.5 -3.2
SPEU SPDR Portfolio Europe ETF 0.3 7 42 6.4 +0.8
JETS U.S. Global Jets ETF 0.3 60 -11 2.7 -2.9
ANEW ProShares MSCI Transformational Changes ETF 0.3 45 4 4.5 -1.1
HART IQ Healthy Hearts ETF 0.2 45 4 5.7 +0.1
IQSI IQ Candriam International Equity ETF 0.2 15 34 5.6 +0.0
RWO SPDR Dow Jones Global Real Estate ETF 0.2 50 -1 6.3 +0.7
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 -11 4.6 -1.0
DRIV Global X Autonomous & Electric Vehicles ETF 0.2 68 -19 3.1 -2.5
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.2 39 10 1.0 -4.6
IDRV iShares Self-driving EV & Tech ETF 0.2 47 2 1.2 -4.4
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.2 72 -23 1.9 -3.7
LIT Global X Lithium & Battery Tech ETF 0.2 75 -26 4.6 -1.0
SDG iShares MSCI Global Sustainable Development Goals ETF 0.2 49 0 4.5 -1.1
SMOG VanEck Low Carbon Energy ETF 0.2 61 -12 1.1 -4.5
EV Mast Global Battery Recycling & Production ETF 0.2 65 -16 6.3 +0.7
INTF iShares International Equity Factor ETF 0.2 15 34 6.5 +0.9
RING iShares MSCI Global Gold Miners ETF 0.2 39 10 3.0 -2.6
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 40 6.2 +0.6
IQRA IQ CBRE Real Assets ETF 0.2 65 -16 5.7 +0.1
GOEX Global X Gold Explorers ETF 0.2 65 -16 1.8 -3.8
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 29 5.9 +0.3
FLEE Franklin FTSE Europe ETF 0.2 9 40 6.3 +0.7
SIL Global X Silver Miners ETF 0.1 65 -16 1.5 -4.1
SILJ ETFMG Prime Junior Silver Miners ETF 0.1 69 -20 0.3 -5.3
AGMI Themes Silver Miners ETF 0.1 35 14 3.6 -2.0
BKIE BNY Mellon International Equity ETF 0.1 4 45 6.0 +0.4
BMED Future Health ETF 0.1 85 -36 1.3 -4.3
HELX Franklin Genomic Advancements ETF 0.1 50 -1 -1.4 -7.0
EMIF iShares Emerging Markets Infrastructure ETF 0.1 60 -11 2.5 -3.1
GII SPDR S&P Global Infrastructure ETF 0.1 40 9 4.1 -1.5
IGF iShares Global Infrastructure ETF 0.1 41 8 4.1 -1.5
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 3 5.1 -0.6
MOO VanEck Agribusiness ETF 0.1 53 -4 8.7 +3.1
VEGI iShares MSCI Agriculture Producers ETF 0.1 39 10 7.5 +1.9
DFIV Dimensional International Value ETF 0.0 27 22 7.9 +2.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 7 4.2 -1.4
AVDE Avantis International Equity ETF 0.0 23 26 6.2 +0.6
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 40 6.6 +1.0
AVSD Avantis Responsible International Equity ETF 0.0 23 26 6.0 +0.4
DFAI Dimensional International Core Equity Market ETF 0.0 18 31 6.0 +0.4
DXIV Dimensional International Vector Equity ETF 0.0 34 15 6.6 +1.0
DFIC Dimensional International Core Equity 2 ETF 0.0 23 26 6.2 +0.6
DIHP Dimensional International High Profitability ETF 0.0 29 20 5.7 +0.1
EBI Longview Advantage ETF 0.0 35 14 6.0 +0.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -16 6.4 +0.8
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 0.0 65 -16 0.0 -5.6

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:		 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 15.0 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.54 CATEGORY
AVERAGE		 1.52
 
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.