Freedom 100 Emerging Markets ETF
ALTAR
Score™		 8.9% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 11.3x P/Sales
ratio		 1.1x
P/BV
ratio		 1.5x Div.
yield		 3.5%


  • 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) $1,091
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) $88,414
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 7.7 %
TAIWAN SEMICONDUCTOR-SP ADR 6.4 %
BANCO DE CHILE 4.2 %
LAN AIRLINES SA 3.7 %
BANK PEKAO SA 3.6 %
S.A.C.I. FALABELLA 3.5 %
HYNIX SEMICONDUCTOR INC 3.2 %
MEDIATEK INC 2.8 %
CENCOSUD SA 2.8 %
HON HAI PRECISION INDUSTRY 2.7 %
Total 40.6 %

TOP COUNTRY EXPOSURE
CHILE 20.4 %
TAIWAN 18.8 %
SOUTH KOREA 16.2 %
POLAND 12.9 %
BRAZIL 6.8 %
SOUTH AFRICA 6.3 %
MALAYSIA 5.3 %
INDONESIA 2.3 %
INDIA 2.0 %
PHILIPPINES 1.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 30)
Year-to-date 1 year 5 years 10 years Since Incep.
15.7% 10.3% 13.7% -- 9.1%

Market Correlations
versus... Beta R-squared
S&P500 0.97 63%
MSCI EAFE 0.98 68%
MSCI Emg. Mkts. 0.98 68%

Technical Indicators
Recent close $37.82
30d moving avg. $37.19
Annualized volatility 20.5%
Short interest (ETF) 0.4%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 134
Turnover 0.5%
Bid/Ask (% of price) 0.33%
ADV underlying (mns) $2,833

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 370 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™: 8.9%


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 29.3 75 -26 8.9 -0.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 25.6 24 25 8.5 -0.4
EMDM First Trust Bloomberg Emerging Market Democracies ETF 24.7 75 -26 10.3 +1.4
XCEM Columbia EM Core ex-China ETF 22.3 16 33 8.4 -0.5
STXE Strive Emerging Markets Ex-China ETF 20.3 32 17 8.0 -0.9
ECON Columbia Emerging Markets Consumer ETF 19.8 49 0 13.3 +4.3
ECH iShares MSCI Chile ETF 19.7 58 -9 8.8 -0.1
XC WisdomTree Emerging Markets Ex-China Fund 18.9 32 17 6.2 -2.8
EMXC iShares MSCI Emerging Markets ex China ETF 18.1 25 24 8.0 -1.0
FLN First Trust Latin America AlphaDEX Fund 17.8 80 -31 10.2 +1.3
AIA iShares Asia 50 ETF 17.6 50 -1 14.7 +5.8
AVEM Avantis Emerging Markets Equity ETF 17.0 33 16 9.5 +0.6
EMM Global X Emerging Markets ex-China ETF 17.0 75 -26 6.1 -2.9
EMC Global X Emerging Markets Great Consumer ETF 16.4 75 -26 8.4 -0.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 15.7 35 14 20.9 +12.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 15.3 32 17 7.0 -2.0
FLKR Franklin FTSE South Korea ETF 15.2 9 40 10.6 +1.7
EWY iShares MSCI South Korea ETF 15.2 58 -9 10.1 +1.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 15.1 32 17 9.7 +0.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 14.9 15 34 8.6 -0.3
EMXF iShares ESG Advanced MSCI EM ETF 14.8 16 33 8.6 -0.3
GMF SPDR S&P Emerging Asia Pacific ETF 14.5 49 0 10.1 +1.2
MEM Matthews Emerging Markets Equity Active ETF 14.4 79 -30 8.5 -0.4
JHEM John Hancock Multifactor Emerging Markets ETF 14.2 49 0 10.7 +1.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 14.1 50 -1 11.9 +3.0
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 13.9 88 -39 9.8 +0.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 13.8 33 16 10.7 +1.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 13.2 30 19 10.9 +2.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 13.2 20 29 10.8 +1.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 13.2 29 20 8.6 -0.3
ROAM Hartford Multifactor Emerging Markets ETF 13.0 44 5 12.3 +3.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 12.6 30 19 10.2 +1.3
EMGF iShares Emerging Markets Equity Factor ETF 12.6 25 24 12.3 +3.4
EEM iShares MSCI Emerging Markets ETF 12.5 69 -20 10.8 +1.9
EPOL iShares MSCI Poland ETF 12.3 59 -10 11.4 +2.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 12.2 39 10 17.2 +8.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 12.1 66 -17 10.5 +1.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 12.0 15 34 10.9 +2.0
ESGE iShares ESG Aware MSCI EM ETF 11.8 25 24 10.7 +1.8
EEMO Invesco S&P Emerging Markets Momentum ETF 11.8 29 20 6.8 -2.1
BKEM BNY Mellon Emerging Markets Equity ETF 11.6 11 38 10.6 +1.7
DEM WisdomTree Emerging Markets High Dividend Fund 11.6 63 -14 13.6 +4.7
FLTW Franklin FTSE Taiwan ETF 11.5 19 30 6.9 -2.0
EWT iShares MSCI Taiwan ETF 11.5 58 -9 6.7 -2.2
EEMA iShares MSCI Emerging Markets Asia ETF 11.5 49 0 10.9 +2.0
DFAE Dimensional Emerging Core Equity Market ETF 11.4 35 14 10.2 +1.3
FLLA Franklin FTSE Latin America ETF 11.3 19 30 13.4 +4.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 11.3 45 4 11.1 +2.2
IVES Wedbush ETFMG Global Cloud Technology ETF 11.1 68 -19 8.4 -0.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 10.9 36 13 10.4 +1.5
IEMG iShares Core MSCI Emerging Markets ETF 10.9 9 40 11.0 +2.1
LDEM iShares ESG MSCI EM Leaders ETF 10.8 17 32 14.0 +5.1
FDEM Fidelity Emerging Markets Multifactor ETF 10.6 25 24 13.6 +4.7
XCNY SPDR S&P Emerging Markets ex-China ETF 10.6 15 34 7.7 -1.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 10.4 70 -21 9.9 +1.0
DFEV Dimensional Emerging Markets Value ETF 10.4 43 6 14.1 +5.2
NUEM Nuveen ESG Emerging Markets Equity ETF 10.3 36 13 8.2 -0.7
CARZ First Trust NASDAQ Global Auto Index Fund 10.2 70 -21 6.1 -2.8
PXH Invesco FTSE RAFI Emerging Markets ETF 10.1 49 0 17.0 +8.1
AVES Avantis Emerging Markets Value ETF 9.8 36 13 12.0 +3.0
SPEM SPDR Portfolio Emerging Markets ETF 9.8 7 42 11.0 +2.1
UMMA Wahed Dow Jones Islamic World ETF 9.8 65 -16 5.3 -3.7
ILF iShares Latin America 40 ETF 9.7 48 1 13.4 +4.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 9.7 44 5 10.9 +2.0
FLAX Franklin FTSE Asia Ex Japan ETF 9.3 19 30 10.0 +1.1
DEHP Dimensional Emerging Markets High Profitability ETF 9.2 41 8 7.2 -1.7
AIVC Amplify Bloomberg AI Value Chain ETF 9.1 59 -10 6.8 -2.2
AIS VistaShares Artificial Intelligence Supercycle ETF 9.0 75 -26 4.0 -4.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 8.9 38 11 10.0 +1.0
EMMF WisdomTree Emerging Markets Multifactor Fund 8.8 48 1 8.1 -0.8
FEM First Trust Emerging Markets AlphaDEX Fund 8.5 80 -31 12.0 +3.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 8.4 59 -10 12.3 +3.4
WTAI WisdomTree Artificial Intelligence and Innovation Fund 8.3 45 4 3.1 -5.9
SCHE Schwab Emerging Markets Equity ETF 8.2 11 38 11.8 +2.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 7.8 45 4 10.8 +1.9
PATN Pacer Nasdaq International Patent Leaders ETF 7.8 65 -16 6.6 -2.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 7.7 40 9 7.3 -1.6
RNEM First Trust Emerging Markets Equity Select ETF 7.7 75 -26 7.0 -1.9
VWO Vanguard FTSE Emerging Markets ETF 7.7 8 41 11.1 +2.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 7.5 95 -46 13.3 +4.4
FDTX Fidelity Disruptive Technology ETF 7.5 50 -1 2.8 -6.1
DVYE iShares Emerging Markets Dividend ETF 7.4 49 0 18.7 +9.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 7.3 41 8 9.5 +0.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 7.3 25 24 6.5 -2.4
AIQ Global X Artificial Intelligence & Technology ETF 7.2 68 -19 4.3 -4.7
MINV Matthews Asia Innovators Active ETF 7.1 79 -30 7.8 -1.1
APIE ActivePassive International Equity ETF 7.0 45 4 7.6 -1.3
ASEA Global X FTSE Southeast Asia ETF 6.8 65 -16 6.9 -2.0
OSEA Harbor International Compounders ETF 6.8 55 -6 4.6 -4.3
CWI SPDR MSCI ACWI ex-US ETF 6.6 30 19 7.9 -1.0
FEOE First Eagle Overseas Equity ETF 6.6 79 -30 8.3 -0.6
NXTG First Trust Indxx NextG ETF 6.5 70 -21 5.6 -3.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.4 78 -29 9.8 +0.9
WUGI AXS Esoterica NextG Economy ETF 6.4 75 -26 2.6 -6.3
SMH VanEck Semiconductor ETF 6.4 35 14 4.7 -4.2
SOXQ Invesco PHLX Semiconductor ETF 6.4 19 30 5.3 -3.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 6.4 70 -21 15.5 +6.6
AFK VanEck Africa Index ETF 6.1 98 -49 12.0 +3.1
GVAL Cambria Global Value ETF 6.0 68 -19 11.2 +2.3
FMET Fidelity Metaverse ETF 5.7 39 10 5.2 -3.7
GTEK Goldman Sachs Future Tech Leaders Equity ETF 5.6 75 -26 3.3 -5.7
DSTX Distillate International Fundamental Stability & Value ETF 5.4 55 -6 8.3 -0.6
EWM iShares MSCI Malaysia ETF 5.4 50 -1 7.0 -1.9
AOTG AOT Growth and Innovation ETF 5.3 75 -26 2.1 -6.8
CGGO Capital Group Global Growth Equity ETF 5.3 47 2 4.9 -4.0
IQM Franklin Intelligent Machines ETF 5.2 50 -1 2.3 -6.6
EZA iShares MSCI South Africa ETF 5.2 58 -9 10.3 +1.4
WWJD Inspire International ETF 5.2 80 -31 7.3 -1.6
EDIV SPDR S&P Emerging Markets Dividend ETF 5.1 49 0 11.9 +3.0
MOTO SmartETFs Smart Transportation & Technology ETF 5.1 68 -19 7.7 -1.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 5.1 47 2 8.5 -0.4
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.0 80 -31 9.8 +0.9
FDCF Fidelity Disruptive Communications ETF 5.0 50 -1 3.4 -5.5
METV Roundhill Ball Metaverse ETF 5.0 59 -10 7.4 -1.5
FLBR Franklin FTSE Brazil ETF 5.0 19 30 15.7 +6.8
EWZ iShares MSCI Brazil ETF 5.0 58 -9 13.7 +4.8
WRND IQ Global Equity R&D Leaders ETF 4.9 18 31 8.9 -0.0
VNSE Natixis Vaughan Nelson Select ETF 4.9 80 -31 5.1 -3.8
JIG JPMorgan International Growth ETF 4.8 55 -6 4.7 -4.2
RVER Trenchless Fund ETF 4.7 65 -16 3.3 -5.6
SOXX iShares Semiconductor ETF 4.6 35 14 5.7 -3.2
BGDV Bahl & Gaynor Dividend ETF 4.6 45 4 4.9 -4.0
TINY ProShares Nanotechnology ETF 4.6 58 -9 5.7 -3.3
TDIV First Trust NASDAQ Technology Dividend Index Fund 4.5 50 -1 6.0 -2.9
EYLD Cambria Emerging Shareholder Yield ETF 4.4 66 -17 13.0 +4.1
BKCI BNY Mellon Concentrated International ETF 4.4 80 -31 5.0 -3.9
FBZ First Trust Brazil AlphaDEX Fund 4.3 80 -31 12.5 +3.6
CHAT Roundhill Generative AI & Technology ETF 4.3 75 -26 7.0 -1.9
VPL Vanguard FTSE Pacific ETF 4.2 8 41 7.4 -1.5
DINT Davis Select International ETF 4.2 55 -6 8.3 -0.6
JSTC Adasina Social Justice All Cap Global ETF 4.2 89 -40 4.5 -4.4
GFGF Guru Favorite Stocks ETF Guru Favorite Stocks Fund 4.0 65 -16 3.8 -5.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.0 65 -16 8.2 -0.7
VYMI Vanguard International High Dividend Yield ETF 4.0 22 27 9.8 +0.9
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 4.0 60 -11 12.7 +3.8
FEGE First Eagle Global Equity ETF 4.0 79 -30 7.2 -1.7
VSGX Vanguard ESG International Stock ETF 3.9 12 37 8.0 -1.0
VIDI Vident International Equity Strategy ETF 3.8 61 -12 11.2 +2.3
KNCT Invesco Next Gen Connectivity ETF 3.8 40 9 5.2 -3.7
LIVR Intelligent Livermore ETF 3.8 69 -20 6.5 -2.4
IMFL Invesco International Developed Dynamic Multifactor ETF 3.8 34 15 5.9 -3.0
CGDG Capital Group Dividend Growers ETF 3.7 47 2 6.3 -2.6
VEU Vanguard FTSE All-World ex-US Index Fund 3.7 8 41 8.3 -0.6
ACWX iShares MSCI ACWI ex U.S. ETF 3.7 34 15 7.9 -1.0
IQDF FlexShares International Quality Dividend Index Fund 3.6 47 2 9.3 +0.4
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 3.6 86 -37 0.3 -8.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.5 41 8 7.8 -1.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 3.4 42 7 6.8 -2.2
RODE Hartford Multifactor Diversified International ETF 3.4 29 20 11.0 +2.1
PICK iShares MSCI Global Metals & Mining Producers ETF 3.4 39 10 14.1 +5.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 3.4 18 31 8.0 -0.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 3.3 65 -16 3.3 -5.6
ICOW Pacer Developed Markets International Cash Cows 100 ETF 3.3 65 -16 12.0 +3.1
DWLD Davis Select Worldwide ETF 3.3 63 -14 7.7 -1.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.3 30 19 8.3 -0.6
VXUS Vanguard Total International Stock ETF 3.2 7 42 8.2 -0.7
IXUS iShares Core MSCI Total International Stock ETF 3.2 7 42 8.1 -0.8
LOUP Innovator Deepwater Frontier Tech ETF 3.2 70 -21 1.4 -7.5
RGEF Rockefeller Global Equity ETF 3.2 55 -6 5.1 -3.8
DARP Grizzle Growth ETF 3.1 75 -26 3.8 -5.1
ARVR First Trust Indxx Metaverse ETF 3.1 70 -21 4.5 -4.4
ICOP iShares Copper and Metals Mining ETF 3.0 47 2 9.5 +0.6
GGME Invesco Next Gen Media and Gaming ETF 3.0 60 -11 4.6 -4.3
IXN iShares Global Tech ETF 2.9 41 8 4.2 -4.7
BLES Inspire Global Hope ETF 2.9 61 -12 7.0 -1.9
RFFC ALPS Active Equity Opportunity ETF 2.9 48 1 4.7 -4.2
BRAZ Global X Brazil Active ETF 2.8 75 -26 13.2 +4.3
EPU iShares MSCI Peru and Global Exposure ETF 2.8 59 -10 7.5 -1.4
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 2.8 68 -19 0.3 -8.6
IDAT iShares Future Cloud 5G and Tech ETF 2.8 47 2 5.2 -3.7
ARGT Global X MSCI Argentina ETF 2.8 59 -10 3.6 -5.3
QTUM Defiance Quantum ETF 2.8 40 9 6.6 -2.3
XNTK SPDR NYSE Technology ETF 2.7 35 14 4.1 -4.9
SSPX Janus Henderson U.S. Sustainable Equity ETF 2.7 55 -6 4.3 -4.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.7 90 -41 8.1 -0.8
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 2.6 61 -12 1.5 -7.5
IGPT Invesco AI and Next Gen Software ETF 2.6 60 -11 5.0 -4.0
HAP VanEck Natural Resources ETF 2.5 50 -1 10.1 +1.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.5 46 3 10.7 +1.8
FNDF Schwab Fundamental International Large Co. Index ETF 2.5 25 24 9.8 +0.9
IDX VanEck Indonesia Index ETF 2.5 57 -8 7.4 -1.5
EIDO iShares MSCI Indonesia ETF 2.5 59 -10 7.5 -1.4
FFOG Franklin Focused Growth ETF 2.5 61 -12 2.5 -6.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.4 80 -31 10.2 +1.3
TMFG Motley Fool Global Opportunities ETF 2.4 85 -36 3.8 -5.1
ARKQ ARK Autonomous Technology & Robotics ETF 2.4 75 -26 0.5 -8.4
DIVS SmartETFs Dividend Builder ETF 2.3 65 -16 4.9 -4.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.3 9 40 6.1 -2.8
CGXU Capital Group International Focus Equity ETF 2.2 54 -5 5.8 -3.2
RSHO Tema American Reshoring ETF 2.2 75 -26 5.0 -3.9
DEW WisdomTree Global High Dividend Fund 2.2 58 -9 8.8 -0.1
KOCG FIS Knights of Columbus Global Belief ETF 2.2 75 -26 5.1 -3.8
GNR SPDR S&P Global Natural Resources ETF 2.2 40 9 11.8 +2.9
BGRO iShares Large Cap Growth Active ETF 2.1 55 -6 3.3 -5.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.1 45 4 9.0 +0.1
AADR AdvisorShares Dorsey Wright ADR ETF 2.1 110 -61 5.1 -3.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.1 60 -11 10.8 +1.9
HFXI IQ FTSE International Equity Currency Neutral ETF 2.1 20 29 7.2 -1.7
SFYF SoFi Social 50 ETF 2.0 29 20 0.2 -8.7
DTCR Global X Data Center & Digital Infrastructure ETF 2.0 50 -1 4.7 -4.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.0 67 -18 14.0 +5.1
GVIP Goldman Sachs Hedge Industry VIP ETF 2.0 45 4 3.5 -5.5
ARKW ARK Next Generation Internet ETF 2.0 87 -38 -0.6 -9.6
EPHE iShares MSCI Philippines ETF 2.0 59 -10 0.0 -8.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 2.0 86 -37 14.1 +5.2
SNSR Global X Internet of Things ETF 1.9 68 -19 4.8 -4.2
FCLD Fidelity Cloud Computing ETF 1.9 39 10 3.2 -5.8
ROBO ROBO Global Robotics & Automation Index ETF 1.9 95 -46 3.9 -5.1
CGIE Capital Group International Equity ETF 1.9 54 -5 5.0 -4.0
LRGE ClearBridge Large Cap Growth ESG ETF 1.8 59 -10 4.0 -4.9
SATO Invesco Alerian Galaxy Crypto Economy ETF 1.8 61 -12 -2.3 -11.2
BKF iShares MSCI BIC ETF 1.8 69 -20 13.8 +4.9
TEMP JPMorgan Climate Change Solutions ETF 1.7 49 0 5.9 -3.0
SCHF Schwab International Equity ETF 1.7 6 43 7.5 -1.5
TMAT Main Thematic Innovation ETF 1.7 164 -115 -1.5 -10.4
DRIV Global X Autonomous & Electric Vehicles ETF 1.6 68 -19 6.9 -2.0
CGGR Capital Group Growth ETF 1.6 39 10 3.4 -5.5
VEA Vanguard FTSE Developed Markets ETF 1.6 5 44 7.4 -1.5
GXG Global X MSCI Colombia ETF 1.6 62 -13 17.3 +8.4
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 1.5 65 -16 -1.5 -10.4
BWEB Bitwise Web3 ETF 1.5 85 -36 0.2 -8.8
ACWV iShares MSCI Global Min Vol Factor ETF 1.5 20 29 5.8 -3.1
CUT Invesco MSCI Global Timber ETF 1.5 61 -12 10.2 +1.3
WOOD iShares Global Timber & Forestry ETF 1.5 42 7 12.1 +3.2
FLMX Franklin FTSE Mexico ETF 1.5 19 30 9.5 +0.6
EWW iShares MSCI Mexico ETF 1.5 50 -1 9.2 +0.3
CLNR IQ Cleaner Transport ETF 1.4 45 4 6.9 -2.0
IDHQ Invesco S&P International Developed High Quality ETF 1.4 29 20 6.6 -2.3
ACWI iShares MSCI ACWI ETF 1.3 32 17 5.9 -3.0
TTAI FCF International Quality ETF 1.3 59 -10 7.1 -1.8
OND ProShares On-Demand ETF 1.3 58 -9 0.8 -8.1
ESPO VanEck Video Gaming and eSports ETF 1.3 56 -7 4.4 -4.5
HERO Global X Video Games & Esports ETF 1.3 50 -1 4.2 -4.7
NERD Roundhill Video Games ETF 1.3 50 -1 3.3 -5.6
ABLG Abacus FCF International Leaders ETF 1.3 59 -10 6.2 -2.7
IXG iShares Global Financials ETF 1.3 42 7 6.8 -2.1
NDIA Global X India Active ETF 1.3 75 -26 4.7 -4.3
VT Vanguard Total World Stock ETF 1.3 7 42 6.2 -2.7
UIVM VictoryShares International Value Momentum ETF 1.2 35 14 9.3 +0.4
GURU Global X Guru Index ETF 1.2 75 -26 4.1 -4.8
XT iShares Exponential Technologies ETF 1.2 46 3 5.7 -3.3
KLMT Invesco MSCI Global Climate 500 ETF 1.2 10 39 6.0 -2.9
DGT SPDR Global Dow ETF 1.2 50 -1 7.4 -1.5
IGRO iShares International Dividend Growth ETF 1.1 15 34 7.1 -1.8
CVY Invesco Zacks Multi-Asset Income ETF 1.1 106 -57 12.6 +3.7
HAIL SPDR S&P Kensho Smart Mobility ETF 1.1 45 4 2.7 -6.2
GINN Goldman Sachs Innovate Equity ETF 1.1 52 -3 4.2 -4.7
BLOK Amplify Transformational Data Sharing ETF 1.1 75 -26 0.3 -8.6
JPIN J.P. Morgan Diversified Return International Equity ETF 1.1 37 12 8.6 -0.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.1 58 -9 9.9 +1.0
SDIV Global X Superdividend ETF 1.1 58 -9 42.4 +33.5
TRFM AAM Transformers ETF 1.1 49 0 1.8 -7.2
SWP SWP Growth & Income ETF 1.0 99 -50 4.5 -4.4
FFLC Fidelity Fundamental Large Cap Core ETF 1.0 38 11 4.9 -4.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.0 20 29 6.0 -2.9
ODDS Pacer BlueStar Digital Entertainment ETF 1.0 60 -11 2.3 -6.7
FDNI First Trust Dow Jones International Internet ETF 1.0 65 -16 19.9 +11.0
COPY Tweedy, Browne Insider + Value ETF 1.0 80 -31 12.5 +3.6
GLOF iShares Global Equity Factor ETF 1.0 20 29 6.9 -2.0
SGDM Sprott Gold Miners ETF 0.9 50 -1 4.1 -4.8
GDX VanEck Gold Miners ETF 0.9 51 -2 4.3 -4.6
AUMI Themes Gold Miners ETF 0.9 35 14 5.5 -3.4
DWX SPDR S&P International Dividend ETF 0.9 45 4 6.1 -2.9
DGIN VanEck Digital India ETF 0.9 71 -22 1.9 -7.0
TPIF Timothy Plan International ETF 0.9 62 -13 6.3 -2.6
FFND Future Fund Active ETF 0.9 100 -51 4.6 -4.3
FDLS Inspire Fidelis Multi Factor ETF 0.9 76 -27 5.2 -3.7
GSFP Goldman Sachs Future Planet Equity ETF 0.9 75 -26 4.7 -4.2
OCEN IQ Clean Oceans ETF 0.9 45 4 6.6 -2.3
PBD Invesco Global Clean Energy ETF 0.9 75 -26 0.5 -8.4
IBAT iShares Energy Storage & Materials ETF 0.9 47 2 5.7 -3.2
FSST Fidelity Sustainable U.S. Equity ETF 0.9 59 -10 4.7 -4.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 0.9 60 -11 7.1 -1.8
LOWV AB US Low Volatility Equity ETF 0.9 48 1 5.3 -3.7
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.8 80 -31 15.1 +6.2
ISHP First Trust Nasdaq Retail ETF 0.8 60 -11 6.0 -2.9
KPOP KPOP and Korean Entertainment ETF 0.8 75 -26 2.5 -6.4
SOCL Global X Social Media ETF 0.8 65 -16 12.4 +3.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.8 12 37 5.3 -3.6
FBCG Fidelity Blue Chip Growth ETF 0.8 59 -10 3.2 -5.7
IXP iShares Global Comm Services ETF 0.8 42 7 6.3 -2.7
WGMI Valkyrie Bitcoin Miners ETF 0.8 75 -26 -9.9 -18.8
AGNG Global X Aging Population ETF 0.8 50 -1 4.9 -4.0
CIL VictoryShares International Volatility Wtd ETF 0.8 45 4 6.7 -2.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.8 24 25 7.6 -1.4
FVD First Trust Value Line Dividend Index Fund 0.8 65 -16 6.3 -2.6
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.8 70 -21 7.8 -1.1
BOUT Innovator IBD Breakout Opportunities ETF 0.8 81 -32 3.1 -5.8
LRGC AB US Large Cap Strategic Equities ETF 0.8 48 1 4.8 -4.1
SDG iShares MSCI Global Sustainable Development Goals ETF 0.8 49 0 6.4 -2.5
VIGI Vanguard International Dividend Appreciation ETF 0.8 15 34 6.1 -2.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.7 47 2 5.7 -3.2
BINV Brandes International ETF 0.7 70 -21 9.8 +0.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.7 3 46 7.2 -1.7
SCHY Schwab International Dividend Equity ETF 0.7 14 35 9.6 +0.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.7 56 -7 12.1 +3.2
IDV iShares International Select Dividend ETF 0.7 51 -2 11.8 +2.9
GCOW Pacer Global Cash Cows Dividend ETF 0.7 60 -11 11.0 +2.1
CRAK VanEck Oil Refiners ETF 0.7 61 -12 15.9 +7.0
FILL iShares MSCI Global Energy Producers ETF 0.7 39 10 12.7 +3.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.7 49 0 7.3 -1.7
IOO iShares Global 100 ETF 0.7 41 8 5.2 -3.7
MXI iShares Global Materials ETF 0.7 41 8 8.0 -1.0
CCNR ALPS CoreCommodity Natural Resources ETF 0.6 39 10 12.0 +3.1
RXI iShares Global Consumer Discretionary ETF 0.6 41 8 9.1 +0.2
GMET VanEck Green Metals ETF 0.6 63 -14 10.4 +1.5
OAIM OneAscent International Equity ETF 0.6 95 -46 6.1 -2.8
MOO VanEck Agribusiness ETF 0.6 53 -4 10.6 +1.7
HART IQ Healthy Hearts ETF 0.6 45 4 6.6 -2.3
JGLO JPMorgan Global Select Equity ETF 0.6 33 16 5.2 -3.8
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.6 85 -36 10.5 +1.6
DMAT Global X Disruptive Materials ETF 0.6 59 -10 10.6 +1.7
BATT Amplify Lithium & Battery Technology ETF 0.6 59 -10 3.8 -5.1
JGRO JPMorgan Active Growth ETF 0.6 44 5 3.7 -5.2
VEGI iShares MSCI Agriculture Producers ETF 0.6 39 10 8.7 -0.2
HELX Franklin Genomic Advancements ETF 0.6 50 -1 -0.2 -9.1
SLX VanEck Steel ETF 0.6 56 -7 17.2 +8.2
IXJ iShares Global Healthcare ETF 0.5 42 7 7.2 -1.7
SCHC Schwab International Small-Cap Equity ETF 0.5 11 38 6.9 -2.0
ARKK ARK Innovation ETF 0.5 75 -26 -2.9 -11.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 10 6.1 -2.9
IDRV iShares Self-driving EV & Tech ETF 0.5 47 2 2.7 -6.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.5 10 39 8.3 -0.7
RCGE RockCreek Global Equality ETF 0.5 95 -46 6.4 -2.5
KOMP SPDR S&P Kensho New Economies Composite ETF 0.5 20 29 3.6 -5.4
IWTR iShares MSCI Water Management Multisector ETF 0.4 47 2 6.1 -2.8
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.4 45 4 4.5 -4.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 7 42 7.0 -1.9
ERTH Invesco MSCI Sustainable Future ETF 0.4 62 -13 3.6 -5.3
KXI iShares Global Consumer Staples ETF 0.3 41 8 5.3 -3.6
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.3 12 37 8.2 -0.7
CGV Conductor Global Equity Value ETF 0.3 130 -81 9.1 +0.2
SHPP Pacer Industrials and Logistics ETF 0.3 60 -11 8.4 -0.5
VGK Vanguard FTSE Europe ETF 0.2 11 38 7.3 -1.6
EXI iShares Global Industrials ETF 0.2 42 7 4.6 -4.3
SPEU SPDR Portfolio Europe ETF 0.2 7 42 7.3 -1.6
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 4 6.3 -2.6
CIBR First Trust NASDAQ Cybersecurity ETF 0.2 60 -11 3.9 -5.0
GLIN VanEck India Growth Leaders ETF 0.2 77 -28 6.2 -2.8
PID Invesco International Dividend Achievers ETF 0.2 53 -4 5.6 -3.3
GINX SGI Enhanced Global Income ETF 0.2 98 -49 7.4 -1.5
IQSI IQ Candriam International Equity ETF 0.2 15 34 6.6 -2.3
FPAG FPA Global Equity ETF 0.2 49 0 6.1 -2.8
IPAV Global X Infrastructure Development ex-U.S. ETF 0.2 55 -6 7.9 -1.1
IPOS Renaissance International IPO ETF 0.2 80 -31 2.5 -6.4
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 40 7.1 -1.8
ARTY iShares Future AI & Tech ETF 0.2 47 2 3.7 -5.3
FLEE Franklin FTSE Europe ETF 0.2 9 40 7.0 -1.9
OBOR KraneShares MSCI One Belt One Road Index ETF 0.1 79 -30 8.8 -0.1
BKIE BNY Mellon International Equity ETF 0.1 4 45 7.1 -1.8
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 29 7.0 -1.9
TAX Cambria Tax Aware ETF 0.1 49 0 5.3 -3.7
INTF iShares International Equity Factor ETF 0.1 15 34 7.8 -1.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 10 8.4 -0.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 -9 5.0 -3.9
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 3 5.4 -3.5
IVRA Invesco Real Assets ESG ETF 0.1 59 -10 6.0 -3.0
EMIF iShares Emerging Markets Infrastructure ETF 0.1 60 -11 6.8 -2.2
IGF iShares Global Infrastructure ETF 0.1 41 8 4.7 -4.2
GII SPDR S&P Global Infrastructure ETF 0.1 40 9 4.7 -4.2
JETS U.S. Global Jets ETF 0.1 60 -11 3.8 -5.1
GOEX Global X Gold Explorers ETF 0.1 65 -16 4.2 -4.7
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 7 5.6 -3.3
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 40 8.1 -0.8
AFSM First Trust Active Factor Small Cap ETF 0.0 75 -26 7.8 -1.1
RSSL Global X Russell 2000 ETF 0.0 8 41 4.8 -4.1
GVLU Gotham 1000 Value ETF 0.0 50 -1 9.3 +0.4
LST Leuthold Select Industries ETF 0.0 91 -42 5.7 -3.3
EBI Longview Advantage ETF 0.0 35 14 7.0 -1.9
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -16 8.3 -0.6

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 13.9 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 8.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.54 CATEGORY
AVERAGE		 1.50
 
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.