Freedom 100 Emerging Markets ETF
ALTAR
Score™		 8.8% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 11.6x P/Sales
ratio		 1.2x
P/BV
ratio		 1.6x Div.
yield		 3.4%


  • 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) $1,196
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 107
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 8.1 %
TAIWAN SEMICONDUCTOR-SP ADR 7.2 %
HYNIX SEMICONDUCTOR INC 4.2 %
BANK PEKAO SA 3.9 %
BANCO DE CHILE 3.8 %
LAN AIRLINES SA 3.5 %
S.A.C.I. FALABELLA 3.3 %
HON HAI PRECISION INDUSTRY 2.8 %
MEDIATEK INC 2.6 %
CENCOSUD SA 2.5 %
Total 42.0 %

TOP COUNTRY EXPOSURE
TAIWAN 19.8 %
CHILE 19.0 %
SOUTH KOREA 17.7 %
POLAND 12.5 %
BRAZIL 6.3 %
SOUTH AFRICA 6.0 %
MALAYSIA 5.0 %
INDONESIA 2.2 %
INDIA 2.0 %
MEXICO 1.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
23.6% 14.9% 13.3% -- 10.2%

Market Correlations
versus... Beta R-squared
S&P500 0.88 58%
MSCI EAFE 0.90 64%
MSCI Emg. Mkts. 0.91 68%

Technical Indicators
Recent close $40.33
30d moving avg. $38.92
Annualized volatility 18.6%
Short interest (ETF) 0.5%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 148
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™: 8.8%


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 30.8 75 -26 8.5 -0.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 25.5 75 -26 9.9 +1.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 25.4 24 25 8.2 -0.6
XCEM Columbia EM Core ex-China ETF 22.2 16 33 8.2 -0.6
AVXC Avantis Emerging Markets Ex-China Equity ETF 21.9 33 16 8.7 -0.1
STXE Strive Emerging Markets Ex-China ETF 21.4 32 17 7.8 -1.0
ECON Columbia Emerging Markets Consumer ETF 19.8 49 0 12.4 +3.7
EMC Global X Emerging Markets Great Consumer ETF 19.1 75 -26 8.8 0.0
AIA iShares Asia 50 ETF 19.1 50 -1 13.4 +4.6
EMM Global X Emerging Markets ex-China ETF 19.0 75 -26 6.0 -2.8
XC WisdomTree Emerging Markets Ex-China Fund 18.8 32 17 6.1 -2.7
ECH iShares MSCI Chile ETF 18.5 58 -9 9.0 +0.2
EMXC iShares MSCI Emerging Markets ex China ETF 18.4 25 24 7.7 -1.0
AVSE Avantis Responsible Emerging Markets Equity ETF 17.6 33 16 8.7 -0.1
FLKR Franklin FTSE South Korea ETF 17.1 9 40 9.6 +0.8
EWY iShares MSCI South Korea ETF 17.1 58 -9 9.0 +0.2
AVEM Avantis Emerging Markets Equity ETF 17.0 33 16 9.2 +0.4
FLN First Trust Latin America AlphaDEX Fund 16.6 80 -31 10.4 +1.6
EMXF iShares ESG Advanced MSCI EM ETF 15.5 16 33 8.5 -0.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 15.3 35 14 19.3 +10.6
GMF SPDR S&P Emerging Asia Pacific ETF 15.2 49 0 9.6 +0.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 15.2 32 17 6.8 -1.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 15.1 32 17 9.3 +0.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 14.9 15 34 8.2 -0.6
MEM Matthews Emerging Markets Equity Active ETF 14.3 79 -30 8.0 -0.8
JHEM John Hancock Multifactor Emerging Markets ETF 14.1 49 0 10.5 +1.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 13.9 50 -1 11.5 +2.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 13.8 33 16 10.1 +1.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 13.7 30 19 10.4 +1.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 13.5 88 -39 9.3 +0.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 13.2 20 29 10.7 +2.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 13.2 30 19 9.9 +1.2
EEM iShares MSCI Emerging Markets ETF 13.0 69 -20 10.3 +1.5
EMGF iShares Emerging Markets Equity Factor ETF 12.8 25 24 12.0 +3.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 12.7 53 -4 7.7 -1.0
ROAM Hartford Multifactor Emerging Markets ETF 12.7 44 5 12.0 +3.2
EPOL iShares MSCI Poland ETF 12.5 59 -10 10.9 +2.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 12.2 39 10 16.3 +7.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 12.1 66 -17 10.0 +1.2
EEMA iShares MSCI Emerging Markets Asia ETF 12.1 49 0 10.2 +1.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 12.0 15 34 10.4 +1.6
ESGE iShares ESG Aware MSCI EM ETF 11.8 25 24 10.1 +1.4
FLTW Franklin FTSE Taiwan ETF 11.8 19 30 6.8 -2.0
EWT iShares MSCI Taiwan ETF 11.8 58 -9 6.5 -2.3
DFAE Dimensional Emerging Core Equity Market ETF 11.7 35 14 9.5 +0.7
BKEM BNY Mellon Emerging Markets Equity ETF 11.6 11 38 10.2 +1.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 11.6 29 20 8.8 -0.0
EEMO Invesco S&P Emerging Markets Momentum ETF 11.5 29 20 6.5 -2.3
UMMA Wahed Dow Jones Islamic World ETF 11.4 65 -16 5.1 -3.7
DFEV Dimensional Emerging Markets Value ETF 11.4 43 6 13.4 +4.6
IEMG iShares Core MSCI Emerging Markets ETF 11.2 9 40 10.5 +1.8
IVES Wedbush ETFMG Global Cloud Technology ETF 11.2 68 -19 15.8 +7.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 11.2 45 4 10.5 +1.8
DEM WisdomTree Emerging Markets High Dividend Fund 11.0 63 -14 13.3 +4.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 11.0 70 -21 9.3 +0.5
CARZ First Trust NASDAQ Global Auto Index Fund 10.9 70 -21 5.3 -3.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 10.9 36 13 9.9 +1.1
PXH Invesco FTSE RAFI Emerging Markets ETF 10.7 49 0 16.0 +7.3
FLLA Franklin FTSE Latin America ETF 10.7 19 30 13.4 +4.6
NUEM Nuveen ESG Emerging Markets Equity ETF 10.6 36 13 7.9 -0.9
XCNY SPDR S&P Emerging Markets ex-China ETF 10.6 15 34 7.7 -1.1
FDEM Fidelity Emerging Markets Multifactor ETF 10.6 25 24 12.9 +4.1
AIS VistaShares Artificial Intelligence Supercycle ETF 10.2 75 -26 3.6 -5.2
DEHP Dimensional Emerging Markets High Profitability ETF 10.1 41 8 6.9 -1.9
SPEM SPDR Portfolio Emerging Markets ETF 9.8 7 42 10.6 +1.9
AVES Avantis Emerging Markets Value ETF 9.6 36 13 11.6 +2.9
LDEM iShares ESG MSCI EM Leaders ETF 9.5 17 32 13.2 +4.4
AIVC Amplify Bloomberg AI Value Chain ETF 9.5 59 -10 6.0 -2.7
ILF iShares Latin America 40 ETF 9.3 48 1 13.0 +4.2
FLAX Franklin FTSE Asia Ex Japan ETF 9.3 19 30 9.5 +0.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 9.3 44 5 11.0 +2.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 9.3 38 11 9.5 +0.7
PATN Pacer Nasdaq International Patent Leaders ETF 8.5 65 -16 6.3 -2.5
EMMF WisdomTree Emerging Markets Multifactor Fund 8.5 48 1 7.8 -1.0
WTAI WisdomTree Artificial Intelligence and Innovation Fund 8.4 45 4 2.9 -5.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 8.4 59 -10 11.8 +3.0
AIQ Global X Artificial Intelligence & Technology ETF 8.0 68 -19 3.8 -4.9
SCHE Schwab Emerging Markets Equity ETF 7.9 11 38 11.2 +2.4
FEM First Trust Emerging Markets AlphaDEX Fund 7.8 80 -31 12.2 +3.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 7.7 40 9 7.1 -1.6
APIE ActivePassive International Equity ETF 7.7 45 4 7.5 -1.3
RNEM First Trust Emerging Markets Equity Select ETF 7.7 75 -26 7.0 -1.8
FDTX Fidelity Disruptive Technology ETF 7.5 50 -1 2.6 -6.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 7.4 45 4 10.7 +2.0
VWO Vanguard FTSE Emerging Markets ETF 7.4 7 42 10.6 +1.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 7.4 41 8 8.9 +0.1
MINV Matthews Asia Innovators Active ETF 7.3 79 -30 7.7 -1.1
WUGI AXS Esoterica NextG Economy ETF 7.2 75 -26 2.5 -6.3
SMH VanEck Semiconductor ETF 7.2 35 14 4.1 -4.7
SOXQ Invesco PHLX Semiconductor ETF 7.2 19 30 4.6 -4.1
FEOE First Eagle Overseas Equity ETF 7.2 79 -30 8.2 -0.6
DVYE iShares Emerging Markets Dividend ETF 7.1 49 0 19.0 +10.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 7.0 25 24 6.5 -2.3
CWI SPDR MSCI ACWI ex-US ETF 7.0 30 19 7.8 -1.0
NXTG First Trust Indxx NextG ETF 6.6 70 -21 5.3 -3.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 6.6 95 -46 12.8 +4.1
DSTX Distillate International Fundamental Stability & Value ETF 6.6 55 -6 8.2 -0.6
OSEA Harbor International Compounders ETF 6.5 55 -6 4.6 -4.2
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.4 78 -29 9.4 +0.6
ASEA Global X FTSE Southeast Asia ETF 6.2 65 -16 7.1 -1.6
AFK VanEck Africa Index ETF 6.0 98 -49 11.9 +3.1
FMET Fidelity Metaverse ETF 6.0 39 10 4.8 -3.9
GTEK Goldman Sachs Future Tech Leaders Equity ETF 5.7 75 -26 3.1 -5.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.6 80 -31 9.6 +0.9
IGPT Invesco AI and Next Gen Software ETF 5.5 60 -11 4.2 -4.5
FEGE First Eagle Global Equity ETF 5.4 79 -30 7.0 -1.8
GVAL Cambria Global Value ETF 5.4 68 -19 11.1 +2.4
AOTG AOT Growth and Innovation ETF 5.3 75 -26 1.8 -7.0
CGGO Capital Group Global Growth Equity ETF 5.3 47 2 4.7 -4.0
FDCF Fidelity Disruptive Communications ETF 5.3 50 -1 3.0 -5.8
IQM Franklin Intelligent Machines ETF 5.2 50 -1 2.2 -6.6
ICOW Pacer Developed Markets International Cash Cows 100 ETF 5.2 65 -16 11.6 +2.9
BGDV Bahl & Gaynor Dividend ETF 5.2 45 4 4.8 -4.0
MOTO SmartETFs Smart Transportation & Technology ETF 5.2 68 -19 7.3 -1.4
WWJD Inspire International ETF 5.2 80 -31 7.3 -1.5
EZA iShares MSCI South Africa ETF 5.1 58 -9 10.5 +1.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 5.0 47 2 8.5 -0.2
EWM iShares MSCI Malaysia ETF 5.0 50 -1 7.0 -1.8
EDIV SPDR S&P Emerging Markets Dividend ETF 5.0 49 0 12.0 +3.2
RVER Trenchless Fund ETF 5.0 65 -16 2.4 -6.4
WRND IQ Global Equity R&D Leaders ETF 4.9 18 31 8.4 -0.3
METV Roundhill Ball Metaverse ETF 4.9 59 -10 5.6 -3.2
VNSE Natixis Vaughan Nelson Select ETF 4.9 80 -31 4.8 -4.0
VPL Vanguard FTSE Pacific ETF 4.8 7 42 7.2 -1.6
JIG JPMorgan International Growth ETF 4.8 55 -6 4.7 -4.1
IMFL Invesco International Developed Dynamic Multifactor ETF 4.7 34 15 5.9 -2.8
GFGF Guru Favorite Stocks ETF Guru Favorite Stocks Fund 4.6 65 -16 3.8 -5.0
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 4.6 68 -19 2.5 -6.3
TINY ProShares Nanotechnology ETF 4.6 58 -9 4.3 -4.5
TDIV First Trust NASDAQ Technology Dividend Index Fund 4.5 50 -1 5.4 -3.3
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 4.5 60 -11 10.2 +1.4
KNCT Invesco Next Gen Connectivity ETF 4.4 40 9 4.9 -3.8
FLBR Franklin FTSE Brazil ETF 4.4 19 30 15.0 +6.2
EWZ iShares MSCI Brazil ETF 4.4 58 -9 12.9 +4.2
BKCI BNY Mellon Concentrated International ETF 4.4 80 -31 5.0 -3.8
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.3 65 -16 7.4 -1.4
EYLD Cambria Emerging Shareholder Yield ETF 4.3 66 -17 12.4 +3.6
CHAT Roundhill Generative AI & Technology ETF 4.3 75 -26 8.0 -0.8
LOUP Innovator Deepwater Frontier Tech ETF 4.2 70 -21 1.1 -7.6
DINT Davis Select International ETF 4.2 55 -6 8.0 -0.7
SOXX iShares Semiconductor ETF 4.1 35 14 4.9 -3.9
JSTC Adasina Social Justice All Cap Global ETF 4.1 89 -40 4.8 -4.0
VSGX Vanguard ESG International Stock ETF 4.1 10 39 7.9 -0.9
VYMI Vanguard International High Dividend Yield ETF 4.0 17 32 9.9 +1.1
QTUM Defiance Quantum ETF 3.9 40 9 5.5 -3.3
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 3.9 86 -37 0.8 -8.0
VIDI Vident International Equity Strategy ETF 3.9 61 -12 11.4 +2.7
VEU Vanguard FTSE All-World ex-US Index Fund 3.9 4 45 8.2 -0.6
ACWX iShares MSCI ACWI ex U.S. ETF 3.8 34 15 7.9 -0.9
FBZ First Trust Brazil AlphaDEX Fund 3.8 80 -31 11.9 +3.1
CGDG Capital Group Dividend Growers ETF 3.7 47 2 6.2 -2.6
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 3.7 65 -16 2.2 -6.5
IQDF FlexShares International Quality Dividend Index Fund 3.5 47 2 9.3 +0.5
RFFC ALPS Active Equity Opportunity ETF 3.5 48 1 4.5 -4.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.5 30 19 8.1 -0.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.5 41 8 7.8 -1.0
RGEF Rockefeller Global Equity ETF 3.4 55 -6 4.9 -3.9
VXUS Vanguard Total International Stock ETF 3.4 5 44 8.0 -0.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 3.4 18 31 7.7 -1.1
IXUS iShares Core MSCI Total International Stock ETF 3.3 7 42 8.0 -0.8
ARVR First Trust Indxx Metaverse ETF 3.3 70 -21 4.1 -4.7
DARP Grizzle Growth ETF 3.3 75 -26 3.1 -5.7
DWLD Davis Select Worldwide ETF 3.3 63 -14 7.4 -1.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 3.3 42 7 6.7 -2.1
RODE Hartford Multifactor Diversified International ETF 3.3 29 20 12.7 +3.9
PICK iShares MSCI Global Metals & Mining Producers ETF 3.2 39 10 14.0 +5.2
FNDF Schwab Fundamental International Large Co. Index ETF 3.0 25 24 9.6 +0.8
IXN iShares Global Tech ETF 3.0 41 8 3.9 -4.9
XNTK SPDR NYSE Technology ETF 2.9 35 14 3.8 -5.0
ICOP iShares Copper and Metals Mining ETF 2.9 47 2 9.0 +0.2
BLES Inspire Global Hope ETF 2.9 61 -12 6.8 -2.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.8 70 -21 14.5 +5.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.8 80 -31 10.0 +1.3
TMFG Motley Fool Global Opportunities ETF 2.8 85 -36 3.9 -4.9
DTCR Global X Data Center & Digital Infrastructure ETF 2.8 50 -1 4.4 -4.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.7 45 4 8.9 +0.2
SSPX Janus Henderson U.S. Sustainable Equity ETF 2.7 55 -6 4.2 -4.6
IDAT iShares Future Cloud 5G and Tech ETF 2.6 47 2 4.8 -4.0
ARKQ ARK Autonomous Technology & Robotics ETF 2.6 75 -26 0.5 -8.3
ARGT Global X MSCI Argentina ETF 2.5 59 -10 4.3 -4.4
RSHO Tema American Reshoring ETF 2.5 75 -26 4.9 -3.9
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.5 46 3 10.4 +1.6
FFOG Franklin Focused Growth ETF 2.5 61 -12 2.4 -6.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.5 9 40 5.9 -2.9
BRAZ Global X Brazil Active ETF 2.5 75 -26 12.5 +3.7
HAP VanEck Natural Resources ETF 2.5 50 -1 9.8 +1.0
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.4 90 -41 7.7 -1.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.4 67 -18 13.8 +5.0
KOCG FIS Knights of Columbus Global Belief ETF 2.4 75 -26 5.1 -3.7
BGRO iShares Large Cap Growth Active ETF 2.3 55 -6 3.1 -5.6
DIVS SmartETFs Dividend Builder ETF 2.3 65 -16 4.9 -3.8
EPU iShares MSCI Peru and Global Exposure ETF 2.3 59 -10 7.3 -1.4
SFYF SoFi Social 50 ETF 2.2 29 20 0.3 -8.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 2.2 86 -37 13.2 +4.4
ABLG Abacus FCF International Leaders ETF 2.2 59 -10 6.3 -2.4
IDX VanEck Indonesia Index ETF 2.2 57 -8 9.6 +0.8
EIDO iShares MSCI Indonesia ETF 2.2 59 -10 9.9 +1.2
DEW WisdomTree Global High Dividend Fund 2.2 58 -9 8.7 -0.1
GNR SPDR S&P Global Natural Resources ETF 2.1 40 9 11.6 +2.9
AADR AdvisorShares Dorsey Wright ADR ETF 2.1 110 -61 5.1 -3.7
ARKW ARK Next Generation Internet ETF 2.1 87 -38 -0.5 -9.3
HFXI IQ FTSE International Equity Currency Neutral ETF 2.1 20 29 7.2 -1.5
GVIP Goldman Sachs Hedge Industry VIP ETF 2.0 45 4 3.5 -5.3
ROBO ROBO Global Robotics & Automation Index ETF 2.0 95 -46 3.6 -5.2
SCHF Schwab International Equity ETF 2.0 6 43 7.4 -1.4
FCLD Fidelity Cloud Computing ETF 1.9 39 10 3.1 -5.6
CGXU Capital Group International Focus Equity ETF 1.9 54 -5 5.8 -3.0
CGIE Capital Group International Equity ETF 1.9 54 -5 5.0 -3.8
EPHE iShares MSCI Philippines ETF 1.8 59 -10 0.0 -8.8
LRGE ClearBridge Large Cap Growth ESG ETF 1.8 59 -10 3.9 -4.9
SNSR Global X Internet of Things ETF 1.8 68 -19 4.5 -4.2
VEA Vanguard FTSE Developed Markets ETF 1.8 3 46 7.3 -1.5
DRIV Global X Autonomous & Electric Vehicles ETF 1.8 68 -19 5.6 -3.2
TEMP JPMorgan Climate Change Solutions ETF 1.7 49 0 5.7 -3.0
TMAT Main Thematic Innovation ETF 1.7 164 -115 -1.4 -10.2
BKF iShares MSCI BIC ETF 1.6 69 -20 13.2 +4.5
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.6 60 -11 11.0 +2.2
CGGR Capital Group Growth ETF 1.6 39 10 3.3 -5.5
OND ProShares On-Demand ETF 1.6 58 -9 0.7 -8.1
ESPO VanEck Video Gaming and eSports ETF 1.6 56 -7 4.1 -4.6
HERO Global X Video Games & Esports ETF 1.6 50 -1 3.8 -4.9
NERD Roundhill Video Games ETF 1.6 50 -1 3.1 -5.7
CLNR IQ Cleaner Transport ETF 1.6 45 4 6.6 -2.2
IDHQ Invesco S&P International Developed High Quality ETF 1.5 29 20 6.6 -2.2
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 1.5 65 -16 -1.3 -10.0
BWEB Bitwise Web3 ETF 1.5 85 -36 0.0 -8.8
FLMX Franklin FTSE Mexico ETF 1.4 19 30 10.6 +1.8
EWW iShares MSCI Mexico ETF 1.4 50 -1 10.2 +1.4
COLO Global X MSCI Colombia ETF 1.4 62 -13 18.3 +9.5
ACWI iShares MSCI ACWI ETF 1.4 32 17 5.7 -3.1
XT iShares Exponential Technologies ETF 1.4 46 3 4.8 -3.9
KLMT Invesco MSCI Global Climate 500 ETF 1.4 10 39 5.9 -2.9
ACWV iShares MSCI Global Min Vol Factor ETF 1.4 20 29 5.9 -2.9
CUT Invesco MSCI Global Timber ETF 1.3 61 -12 10.2 +1.4
WOOD iShares Global Timber & Forestry ETF 1.3 42 7 12.1 +3.4
TTAI FCF International Quality ETF 1.3 59 -10 7.0 -1.8
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.3 61 -12 1.5 -7.2
IXG iShares Global Financials ETF 1.3 42 7 6.7 -2.0
VT Vanguard Total World Stock ETF 1.3 6 43 6.0 -2.8
NDIA Global X India Active ETF 1.3 75 -26 4.6 -4.1
FDNI First Trust Dow Jones International Internet ETF 1.3 65 -16 18.2 +9.5
UIVM VictoryShares International Value Momentum ETF 1.2 35 14 8.9 +0.2
DGT SPDR Global Dow ETF 1.2 50 -1 7.3 -1.5
SWP SWP Growth & Income ETF 1.2 99 -50 4.3 -4.5
IGRO iShares International Dividend Growth ETF 1.2 15 34 7.1 -1.6
BLOK Amplify Transformational Data Sharing ETF 1.1 75 -26 -0.0 -8.8
GINN Goldman Sachs Innovate Equity ETF 1.1 52 -3 3.7 -5.1
ARKK ARK Innovation ETF 1.1 75 -26 -2.5 -11.3
ISHP First Trust Nasdaq Retail ETF 1.1 60 -11 5.2 -3.6
KPOP KPOP and Korean Entertainment ETF 1.1 75 -26 2.3 -6.4
SOCL Global X Social Media ETF 1.1 65 -16 7.8 -0.9
JPIN J.P. Morgan Diversified Return International Equity ETF 1.1 37 12 8.5 -0.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.1 58 -9 9.8 +1.0
FFLC Fidelity Fundamental Large Cap Core ETF 1.0 38 11 4.7 -4.1
COPY Tweedy, Browne Insider + Value ETF 1.0 80 -31 11.8 +3.1
GSFP Goldman Sachs Future Planet Equity ETF 1.0 75 -26 4.6 -4.2
OCEN IQ Clean Oceans ETF 1.0 45 4 6.2 -2.5
IBAT iShares Energy Storage & Materials ETF 1.0 47 2 5.4 -3.3
PBD Invesco Global Clean Energy ETF 1.0 75 -26 0.6 -8.2
LOGO Alpha Brands Consumption Leaders ETF 1.0 69 -20 6.2 -2.6
SDIV Global X Superdividend ETF 1.0 58 -9 41.0 +32.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.0 20 29 5.8 -3.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.0 12 37 5.3 -3.5
IXP iShares Global Comm Services ETF 1.0 42 7 5.6 -3.2
TRFM AAM Transformers ETF 1.0 49 0 1.5 -7.3
ODDS Pacer BlueStar Digital Entertainment ETF 0.9 60 -11 2.0 -6.8
DWX SPDR S&P International Dividend ETF 0.9 45 4 6.1 -2.6
DGIN VanEck Digital India ETF 0.9 71 -22 2.0 -6.8
TPIF Timothy Plan International ETF 0.9 62 -13 6.2 -2.6
FFND Future Fund Active ETF 0.9 100 -51 4.4 -4.4
FDLS Inspire Fidelis Multi Factor ETF 0.9 76 -27 5.4 -3.4
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.9 61 -12 -2.5 -11.2
SPDW SPDR Portfolio Developed World ex-US ETF 0.9 3 46 7.2 -1.6
GLOF iShares Global Equity Factor ETF 0.9 20 29 6.7 -2.0
FSST Fidelity Sustainable U.S. Equity ETF 0.9 59 -10 4.3 -4.4
SGDM Sprott Gold Miners ETF 0.9 50 -1 4.0 -4.8
GDX VanEck Gold Miners ETF 0.9 51 -2 4.4 -4.4
AUMI Themes Gold Miners ETF 0.9 35 14 5.7 -3.1
BOUT Innovator IBD Breakout Opportunities ETF 0.9 81 -32 3.4 -5.3
LOWV AB US Low Volatility Equity ETF 0.9 48 1 5.1 -3.6
AGNG Global X Aging Population ETF 0.8 50 -1 4.9 -3.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 0.8 60 -11 7.2 -1.6
FBCG Fidelity Blue Chip Growth ETF 0.8 59 -10 3.0 -5.8
CIL VictoryShares International Volatility Wtd ETF 0.8 45 4 6.6 -2.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.8 24 25 7.5 -1.3
LRGC AB US Large Cap Strategic Equities ETF 0.8 48 1 4.6 -4.2
WGMI Valkyrie Bitcoin Miners ETF 0.8 75 -26 -7.6 -16.4
SDG iShares MSCI Global Sustainable Development Goals ETF 0.8 49 0 6.3 -2.5
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.8 56 -7 11.1 +2.3
IDV iShares International Select Dividend ETF 0.8 51 -2 11.1 +2.4
GCOW Pacer Global Cash Cows Dividend ETF 0.8 60 -11 11.0 +2.3
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.7 80 -31 14.4 +5.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.7 47 2 5.7 -3.0
BINV Brandes International ETF 0.7 70 -21 9.6 +0.9
RXI iShares Global Consumer Discretionary ETF 0.7 41 8 9.1 +0.4
CRAK VanEck Oil Refiners ETF 0.7 61 -12 14.4 +5.6
IOO iShares Global 100 ETF 0.7 41 8 5.0 -3.8
VIGI Vanguard International Dividend Appreciation ETF 0.7 10 39 6.1 -2.6
MXI iShares Global Materials ETF 0.7 41 8 7.9 -0.8
SCHY Schwab International Dividend Equity ETF 0.7 14 35 9.6 +0.8
CCNR ALPS CoreCommodity Natural Resources ETF 0.7 39 10 11.6 +2.9
GMET VanEck Green Metals ETF 0.6 63 -14 9.6 +0.8
OAIM OneAscent International Equity ETF 0.6 95 -46 5.6 -3.1
FILL iShares MSCI Global Energy Producers ETF 0.6 39 10 12.1 +3.3
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 70 -21 7.8 -1.0
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.6 85 -36 9.9 +1.1
DMAT Global X Disruptive Materials ETF 0.6 59 -10 9.7 +0.9
BATT Amplify Lithium & Battery Technology ETF 0.6 59 -10 3.9 -4.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 0 7.0 -1.8
JGLO JPMorgan Global Select Equity ETF 0.6 33 16 5.0 -3.8
MOO VanEck Agribusiness ETF 0.6 53 -4 10.3 +1.5
SLX VanEck Steel ETF 0.6 56 -7 15.8 +7.1
HART IQ Healthy Hearts ETF 0.6 45 4 6.5 -2.2
JGRO JPMorgan Active Growth ETF 0.6 44 5 3.5 -5.3
IXJ iShares Global Healthcare ETF 0.6 42 7 7.1 -1.6
VEGI iShares MSCI Agriculture Producers ETF 0.5 39 10 8.6 -0.2
IDRV iShares Self-driving EV & Tech ETF 0.5 47 2 1.7 -7.1
RCGE RockCreek Global Equality ETF 0.5 95 -46 6.3 -2.5
SCHC Schwab International Small-Cap Equity ETF 0.5 11 38 6.8 -2.0
HELX Franklin Genomic Advancements ETF 0.5 50 -1 -0.3 -9.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 10 5.9 -2.9
FFTY Innovator IBD 50 ETF 0.5 80 -31 0.5 -8.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.4 10 39 8.1 -0.6
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.4 45 4 4.5 -4.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 8 41 6.8 -1.9
ERTH Invesco MSCI Sustainable Future ETF 0.4 62 -13 3.7 -5.1
KOMP SPDR S&P Kensho New Economies Composite ETF 0.3 20 29 2.8 -6.0
KXI iShares Global Consumer Staples ETF 0.3 41 8 5.5 -3.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.3 12 37 7.9 -0.8
SHPP Pacer Industrials and Logistics ETF 0.3 60 -11 8.5 -0.3
VGK Vanguard FTSE Europe ETF 0.3 6 43 7.4 -1.4
SPEU SPDR Portfolio Europe ETF 0.2 7 42 7.3 -1.4
EXI iShares Global Industrials ETF 0.2 42 7 4.6 -4.2
FVD First Trust Value Line Dividend Index Fund 0.2 65 -16 6.4 -2.4
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 4 6.0 -2.7
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 -11 4.3 -4.5
ARTY iShares Future AI & Tech ETF 0.2 47 2 3.3 -5.5
CIBR First Trust NASDAQ Cybersecurity ETF 0.2 60 -11 3.8 -5.0
GLIN VanEck India Growth Leaders ETF 0.2 77 -28 6.3 -2.5
PID Invesco International Dividend Achievers ETF 0.2 53 -4 5.6 -3.2
GINX SGI Enhanced Global Income ETF 0.2 98 -49 6.9 -1.8
IQSI IQ Candriam International Equity ETF 0.2 15 34 6.7 -2.1
FPAG FPA Global Equity ETF 0.2 49 0 5.8 -3.0
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 40 7.2 -1.6
IPAV Global X Infrastructure Development ex-U.S. ETF 0.2 55 -6 7.6 -1.1
FLEE Franklin FTSE Europe ETF 0.2 9 40 7.4 -1.4
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 7 9.9 +1.2
TAX Cambria Tax Aware ETF 0.1 49 0 5.3 -3.5
IPOS Renaissance International IPO ETF 0.1 80 -31 10.0 +1.2
BKIE BNY Mellon International Equity ETF 0.1 4 45 7.1 -1.7
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 29 7.0 -1.8
INTF iShares International Equity Factor ETF 0.1 15 34 7.9 -0.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 10 8.2 -0.6
OBOR KraneShares MSCI One Belt One Road Index ETF 0.1 79 -30 8.8 +0.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 -9 4.7 -4.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 3 5.6 -3.2
EMIF iShares Emerging Markets Infrastructure ETF 0.1 60 -11 6.7 -2.1
IGF iShares Global Infrastructure ETF 0.1 41 8 4.7 -4.0
GII SPDR S&P Global Infrastructure ETF 0.1 40 9 4.7 -4.0
JETS U.S. Global Jets ETF 0.1 60 -11 2.8 -6.0
FTRI First Trust Indxx Global Natural Resources Income ETF 0.1 70 -21 8.2 -0.6
GOEX Global X Gold Explorers ETF 0.0 65 -16 4.3 -4.5
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 7 5.5 -3.3
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 40 8.1 -0.7
AFSM First Trust Active Factor Small Cap ETF 0.0 75 -26 7.8 -1.0
RSSL Global X Russell 2000 ETF 0.0 8 41 4.6 -4.2
GVLU Gotham 1000 Value ETF 0.0 50 -1 9.0 +0.2
LST Leuthold Select Industries ETF 0.0 91 -42 5.5 -3.3
EBI Longview Advantage ETF 0.0 35 14 6.7 -2.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -16 8.2 -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 14.0 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 8.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.51 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.