Freedom 100 Emerging Markets ETF
ALTAR
Score™		 6.0% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 16.0x P/Sales
ratio		 1.4x
P/BV
ratio		 2.1x Div.
yield		 2.7%


  • 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) $2,018
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) $193,681
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 11.7 %
TAIWAN SEMICONDUCTOR-SP ADR 7.4 %
HYNIX SEMICONDUCTOR INC 6.8 %
S.A.C.I. FALABELLA 3.8 %
BANCO DE CHILE 3.8 %
BANK PEKAO SA 3.5 %
HON HAI PRECISION INDUSTRY 3.0 %
LAN AIRLINES SA 2.7 %
VALE SA 2.5 %
BANCO DE CREDITO E INVERSION 2.4 %
Total 47.4 %

TOP COUNTRY EXPOSURE
SOUTH KOREA 22.9 %
TAIWAN 19.0 %
CHILE 17.7 %
POLAND 10.3 %
BRAZIL 6.5 %
SOUTH AFRICA 6.5 %
MALAYSIA 4.8 %
MEXICO 1.8 %
INDONESIA 1.5 %
INDIA 1.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
61.3% 61.3% 12.8% -- 630.8%

Market Correlations
versus... Beta R-squared
S&P500 0.80 61%
MSCI EAFE 1.00 68%
MSCI Emg. Mkts. 1.03 82%

Technical Indicators
Recent close $53.96
30d moving avg. $48.87
Annualized volatility 17.4%
Short interest (ETF) 0.2%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 319
Turnover 0.9%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $2,833

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 379 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™: 6.0%


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 33.9 75 -26 7.5 +1.5
EMDM First Trust Bloomberg Emerging Market Democracies ETF 28.4 75 -26 8.5 +2.5
AIA iShares Asia 50 ETF 26.4 50 -1 10.6 +4.6
STXE Strive Emerging Markets Ex-China ETF 25.6 32 17 6.2 +0.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 25.1 24 25 6.4 +0.4
JIVE JPMorgan International Value ETF 24.5 55 -6 9.8 +3.8
XCEM Columbia EM Core ex-China ETF 23.3 16 33 6.6 +0.6
EMM Global X Emerging Markets ex-China ETF 22.8 75 -26 5.6 -0.4
ECON Columbia Emerging Markets Consumer ETF 22.7 49 0 10.0 +4.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 22.4 33 16 7.0 +1.0
FLKR Franklin FTSE South Korea ETF 22.4 9 40 5.8 -0.2
EWY iShares MSCI South Korea ETF 22.4 58 -9 5.0 -1.0
EMC Global X Emerging Markets Great Consumer ETF 22.1 75 -26 7.0 +1.0
EMXC iShares MSCI Emerging Markets ex China ETF 21.8 25 24 5.9 -0.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 19.7 32 17 5.4 -0.6
JADE JPMorgan Active Developing Markets Equity ETF 19.2 65 -16 6.6 +0.6
AVSE Avantis Responsible Emerging Markets Equity ETF 19.2 33 16 7.0 +1.0
EVLU iShares MSCI Emerging Markets Value Factor ETF 18.9 35 14 12.0 +5.9
AVEM Avantis Emerging Markets Equity ETF 18.8 33 16 7.4 +1.3
JHEM John Hancock Multifactor Emerging Markets ETF 17.8 49 0 8.3 +2.3
ECH iShares MSCI Chile ETF 17.4 58 -9 6.2 +0.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 17.1 20 29 22,159.8 +22,153.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 16.9 33 16 8.2 +2.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 16.9 32 17 7.1 +1.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 16.2 30 19 8.1 +2.1
EMXF iShares ESG Advanced MSCI EM ETF 16.1 16 33 7.2 +1.2
EMGF iShares Emerging Markets Equity Factor ETF 15.8 25 24 9.6 +3.5
EEM iShares MSCI Emerging Markets ETF 15.6 69 -20 8.1 +2.1
ROAM Hartford Multifactor Emerging Markets ETF 15.5 44 5 10.5 +4.4
CHPX Global X AI Semiconductor & Quantum ETF 15.5 50 -1 2.6 -3.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 15.1 66 -17 7.8 +1.7
GMF SPDR S&P Emerging Asia Pacific ETF 15.0 49 0 8.5 +2.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 15.0 15 34 8.5 +2.5
DEXC Dimensional Emerging Markets ex China Core EquityETF 14.8 53 -4 6.2 +0.2
EEMA iShares MSCI Emerging Markets Asia ETF 14.8 49 0 7.9 +1.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 14.8 50 -1 9.4 +3.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 14.5 30 19 7.6 +1.6
ESGE iShares ESG Aware MSCI EM ETF 14.3 25 24 8.6 +2.5
BKEM BNY Mellon Emerging Markets Equity ETF 14.3 11 38 8.0 +2.0
XC WisdomTree Emerging Markets Ex-China Fund 14.2 32 17 5.5 -0.5
UMMA Wahed Dow Jones Islamic World ETF 14.1 65 -16 3.9 -2.1
FLN First Trust Latin America AlphaDEX Fund 13.9 80 -31 10.4 +4.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 13.8 70 -21 7.3 +1.3
DEHP Dimensional Emerging Markets High Profitability ETF 13.8 41 8 5.3 -0.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 13.7 45 4 8.5 +2.5
MEM Matthews Emerging Markets Equity Active ETF 13.6 79 -30 6.4 +0.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 13.6 36 13 8.0 +2.0
DFAE Dimensional Emerging Core Equity Market ETF 13.4 35 14 7.5 +1.5
IEMG iShares Core MSCI Emerging Markets ETF 13.4 9 40 8.6 +2.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 13.2 15 34 6.6 +0.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 13.0 39 10 14.6 +8.6
DFEV Dimensional Emerging Markets Value ETF 12.6 43 6 10.6 +4.6
FLAX Franklin FTSE Asia Ex Japan ETF 12.5 19 30 7.5 +1.5
MINV Matthews Asia Innovators Active ETF 12.3 79 -30 5.5 -0.5
FDEM Fidelity Emerging Markets Multifactor ETF 12.3 25 24 10.8 +4.8
AIS VistaShares Artificial Intelligence Supercycle ETF 12.2 75 -26 2.0 -4.0
PXH Invesco FTSE RAFI Emerging Markets ETF 12.0 49 0 13.7 +7.7
PATN Pacer Nasdaq International Patent Leaders ETF 11.9 65 -16 4.7 -1.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 11.8 29 20 8.1 +2.1
CARZ First Trust NASDAQ Global Auto Index Fund 11.7 70 -21 3.4 -2.6
AIVC Amplify Bloomberg AI Value Chain ETF 11.4 59 -10 4.4 -1.6
XCNY SPDR S&P Emerging Markets ex-China ETF 11.3 15 34 6.3 +0.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 11.2 59 -10 7.6 +1.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 11.2 38 11 7.6 +1.6
AIQ Global X Artificial Intelligence & Technology ETF 11.1 68 -19 2.9 -3.1
FLTW Franklin FTSE Taiwan ETF 10.9 19 30 5.2 -0.8
EWT iShares MSCI Taiwan ETF 10.9 58 -9 5.0 -1.0
EMMF WisdomTree Emerging Markets Multifactor Fund 10.6 48 1 6.1 +0.1
FLLA Franklin FTSE Latin America ETF 10.6 19 30 11.8 +5.8
LDEM iShares ESG MSCI EM Leaders ETF 10.4 17 32 11.4 +5.4
EPOL iShares MSCI Poland ETF 10.3 59 -10 9.7 +3.7
IMFL Invesco International Developed Dynamic Multifactor ETF 10.1 34 15 5.1 -0.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 9.8 40 9 6.2 +0.1
APIE ActivePassive International Equity ETF 9.7 45 4 6.5 +0.5
SPEM SPDR Portfolio Emerging Markets ETF 9.7 7 42 9.3 +3.3
WTAI WisdomTree Artificial Intelligence and Innovation Fund 9.6 45 4 2.1 -3.9
DEM WisdomTree Emerging Markets High Dividend Fund 9.5 63 -14 12.1 +6.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 9.5 25 24 6.0 -0.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 9.4 44 5 9.5 +3.5
NUEM Nuveen ESG Emerging Markets Equity ETF 9.3 36 13 6.7 +0.7
AVES Avantis Emerging Markets Value ETF 9.0 36 13 9.6 +3.6
ILF iShares Latin America 40 ETF 8.8 48 1 10.7 +4.7
FDTX Fidelity Disruptive Technology ETF 8.5 50 -1 2.1 -3.9
FEOE First Eagle Overseas Equity ETF 8.5 79 -30 6.1 +0.1
OSEA Harbor International Compounders ETF 8.3 55 -6 4.3 -1.7
RNEM First Trust Emerging Markets Equity Select ETF 8.3 75 -26 7.8 +1.8
FDCF Fidelity Disruptive Communications ETF 8.2 50 -1 3.3 -2.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 8.1 41 8 7.2 +1.2
SCHE Schwab Emerging Markets Equity ETF 8.1 11 38 9.5 +3.5
EDIV SPDR S&P Emerging Markets Dividend ETF 7.8 49 0 8.8 +2.8
CWI SPDR MSCI ACWI ex-US ETF 7.8 30 19 6.5 +0.5
DINT Davis Select International ETF 7.8 55 -6 6.7 +0.7
CHAT Roundhill Generative AI & Technology ETF 7.7 75 -26 6.4 +0.3
VPL Vanguard FTSE Pacific ETF 7.6 7 42 5.9 -0.2
VWO Vanguard FTSE Emerging Markets ETF 7.5 7 42 9.1 +3.1
GTEK Goldman Sachs Future Tech Leaders Equity ETF 7.5 75 -26 2.4 -3.7
SMH VanEck Semiconductor ETF 7.4 35 14 2.8 -3.2
WUGI AXS Esoterica NextG Economy ETF 7.4 75 -26 2.3 -3.7
DVYE iShares Emerging Markets Dividend ETF 7.4 49 0 17.1 +11.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 7.2 95 -46 10.4 +4.3
VNSE Natixis Vaughan Nelson Select ETF 7.0 80 -31 4.1 -1.9
NXTG First Trust Indxx NextG ETF 7.0 70 -21 4.5 -1.6
CGGO Capital Group Global Growth Equity ETF 6.9 47 2 3.8 -2.2
AFK VanEck Africa Index ETF 6.5 98 -49 11.2 +5.2
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.4 78 -29 8.7 +2.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 6.1 88 -39 7.3 +1.3
IGPT Invesco AI and Next Gen Software ETF 6.1 60 -11 3.3 -2.7
FEGE First Eagle Global Equity ETF 6.0 79 -30 5.7 -0.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 6.0 80 -31 8.7 +2.6
IQM Franklin Intelligent Machines ETF 6.0 50 -1 1.5 -4.5
AOTG AOT Growth and Innovation ETF 5.8 75 -26 1.4 -4.6
BGDV Bahl & Gaynor Dividend ETF 5.8 45 4 4.0 -2.0
KNCT Invesco Next Gen Connectivity ETF 5.7 40 9 4.0 -2.0
FMET Fidelity Metaverse ETF 5.6 39 10 4.3 -1.8
ASEA Global X FTSE Southeast Asia ETF 5.4 65 -16 5.6 -0.4
FEM First Trust Emerging Markets AlphaDEX Fund 5.4 80 -31 10.4 +4.4
MOTO SmartETFs Smart Transportation & Technology ETF 5.3 68 -19 5.6 -0.4
GVAL Cambria Global Value ETF 5.2 68 -19 9.4 +3.4
BKCI BNY Mellon Concentrated International ETF 5.2 80 -31 4.5 -1.5
DWLD Davis Select Worldwide ETF 5.2 63 -14 6.3 +0.3
CGXU Capital Group International Focus Equity ETF 5.2 54 -5 4.7 -1.3
EZA iShares MSCI South Africa ETF 5.2 58 -9 8.2 +2.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 5.1 60 -11 9.9 +3.9
GFGF Guru Favorite Stocks ETF Guru Favorite Stocks Fund 5.1 65 -16 2.9 -3.1
GKAT Scharf Global Opportunity ETF 5.0 57 -8 5.4 -0.6
VSGX Vanguard ESG International Stock ETF 5.0 10 39 6.7 +0.7
IVES Wedbush ETFMG Global Cloud Technology ETF 4.9 68 -19 4.9 -1.2
ABLG Abacus FCF International Leaders ETF 4.8 59 -10 5.7 -0.3
EYLD Cambria Emerging Shareholder Yield ETF 4.8 66 -17 10.8 +4.8
ACWX iShares MSCI ACWI ex U.S. ETF 4.8 34 15 6.5 +0.5
VIDI Vident International Equity Strategy ETF 4.8 61 -12 9.4 +3.4
RGEF Rockefeller Global Equity ETF 4.8 55 -6 4.0 -2.1
EWM iShares MSCI Malaysia ETF 4.8 50 -1 5.9 -0.1
WWJD Inspire International ETF 4.7 80 -31 6.5 +0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.7 41 8 6.5 +0.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 4.6 60 -11 8.9 +2.8
VEU Vanguard FTSE All-World ex-US Index Fund 4.6 4 45 6.9 +0.9
IXN iShares Global Tech ETF 4.6 41 8 2.9 -3.1
OTGL OTG Latin America ETF 4.6 269 -220 7.2 +1.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.6 47 2 7.1 +1.1
CGDG Capital Group Dividend Growers ETF 4.6 47 2 5.4 -0.6
LIVR Intelligent Livermore ETF 4.5 69 -20 3.0 -3.0
SOXX iShares Semiconductor ETF 4.4 35 14 3.2 -2.8
UEVM VictoryShares Emerging Markets Value Momentum ETF 4.4 45 4 9.5 +3.5
JIG JPMorgan International Growth ETF 4.4 55 -6 4.0 -2.0
RFFC ALPS Active Equity Opportunity ETF 4.4 48 1 3.7 -2.4
TINY ProShares Nanotechnology ETF 4.4 58 -9 2.9 -3.1
FNDF Schwab Fundamental International Large Co. Index ETF 4.4 25 24 8.3 +2.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 4.4 18 31 6.5 +0.5
FLBR Franklin FTSE Brazil ETF 4.4 19 30 13.7 +7.7
EWZ iShares MSCI Brazil ETF 4.4 58 -9 12.0 +6.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.3 65 -16 7.2 +1.2
SOXQ Invesco PHLX Semiconductor ETF 4.3 19 30 3.1 -2.9
TDIV First Trust NASDAQ Technology Dividend Index Fund 4.3 50 -1 4.8 -1.3
IXUS iShares Core MSCI Total International Stock ETF 4.2 7 42 6.8 +0.8
VXUS Vanguard Total International Stock ETF 4.1 5 44 6.9 +0.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 4.1 30 19 6.7 +0.7
VYMI Vanguard International High Dividend Yield ETF 4.1 17 32 8.3 +2.3
AADR AdvisorShares Dorsey Wright ADR ETF 4.0 110 -61 4.0 -2.0
JSTC Adasina Social Justice All Cap Global ETF 3.9 89 -40 4.2 -1.8
DIVS SmartETFs Dividend Builder ETF 3.8 65 -16 4.6 -1.4
FFOG Franklin Focused Growth ETF 3.8 61 -12 1.9 -4.1
DOL WisdomTree International LargeCap Dividend Fund 3.8 48 1 6.2 +0.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.8 45 4 7.6 +1.6
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 3.7 65 -16 1.6 -4.4
QTUM Defiance Quantum ETF 3.7 40 9 4.4 -1.7
DTCR Global X Data Center & Digital Infrastructure ETF 3.7 50 -1 3.2 -2.8
LOGO Alpha Brands Consumption Leaders ETF 3.7 69 -20 2.5 -3.5
TMFG Motley Fool Global Opportunities ETF 3.6 85 -36 3.5 -2.5
PICK iShares MSCI Global Metals & Mining Producers ETF 3.6 39 10 9.1 +3.1
LRGE ClearBridge Large Cap Growth ESG ETF 3.6 59 -10 3.4 -2.7
DWX SPDR S&P International Dividend ETF 3.5 45 4 6.8 +0.8
HFXI IQ FTSE International Equity Currency Neutral ETF 3.5 20 29 6.0 +0.0
DARP Grizzle Growth ETF 3.4 75 -26 2.1 -3.9
IQDF FlexShares International Quality Dividend Index Fund 3.4 47 2 7.7 +1.7
TIIV AAM Todd International Intrinsic Value ETF 3.4 54 -5 9.9 +3.9
ITOL Tema International Durable Quality ETF 3.4 60 -11 4.7 -1.3
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 3.3 65 -16 -1.2 -7.2
ARTY iShares Future AI & Tech ETF 3.2 47 2 2.9 -3.1
METV Roundhill Ball Metaverse ETF 3.2 59 -10 7.6 +1.6
PRAY FIS Christian Stock Fund 3.1 69 -20 4.4 -1.6
ARVR First Trust Indxx Metaverse ETF 3.0 70 -21 3.5 -2.6
GINX SGI Enhanced Global Income ETF 3.0 98 -49 7.1 +1.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.0 80 -31 7.5 +1.5
BRAZ Global X Brazil Active ETF 3.0 75 -26 10.5 +4.5
XNTK State Street SPDR NYSE Technology ETF 3.0 35 14 2.9 -3.1
SCHF Schwab International Equity ETF 3.0 6 43 6.3 +0.3
ROBO ROBO Global Robotics & Automation Index ETF 2.8 95 -46 2.7 -3.3
BLES Inspire Global Hope ETF 2.8 61 -12 6.1 +0.1
VEA Vanguard FTSE Developed Markets ETF 2.8 3 46 6.2 +0.2
EEMO Invesco S&P Emerging Markets Momentum ETF 2.8 29 20 7.0 +1.0
ARKW ARK Next Generation Internet ETF 2.7 87 -38 0.7 -5.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.7 9 40 4.9 -1.1
ARKQ ARK Autonomous Technology & Robotics ETF 2.6 75 -26 0.8 -5.2
PCGG Polen Capital Global Growth ETF 2.6 85 -36 3.4 -2.6
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.5 67 -18 13.6 +7.6
SFYF SoFi Social 50 ETF 2.5 29 20 0.9 -5.1
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.5 90 -41 4.5 -1.5
BGIG Bahl & Gaynor Income Growth ETF 2.5 45 4 4.7 -1.4
FSST Fidelity Sustainable U.S. Equity ETF 2.4 59 -10 3.6 -2.4
HAP VanEck Natural Resources ETF 2.4 50 -1 8.0 +1.9
EPU iShares MSCI Peru and Global Exposure ETF 2.3 59 -10 4.6 -1.5
CGIE Capital Group International Equity ETF 2.3 54 -5 4.3 -1.8
CGGR Capital Group Growth ETF 2.3 39 10 2.7 -3.3
YNOT Horizon Digital Frontier ETF 2.3 75 -26 2.5 -3.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.3 46 3 8.5 +2.5
CLNR IQ Cleaner Transport ETF 2.2 45 4 4.9 -1.1
KOCG FIS Knights of Columbus Global Belief ETF 2.2 75 -26 4.4 -1.6
GNR SPDR S&P Global Natural Resources ETF 2.2 40 9 9.3 +3.3
GVIP Goldman Sachs Hedge Industry VIP ETF 2.1 45 4 2.7 -3.3
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 2.1 68 -19 5.9 -0.1
FCLD Fidelity Cloud Computing ETF 2.0 39 10 2.9 -3.1
IDOG ALPS International Sector Dividend Dogs ETF 2.0 50 -1 10.7 +4.7
IDHQ Invesco S&P International Developed High Quality ETF 2.0 29 20 5.4 -0.6
BKF iShares MSCI BIC ETF 1.9 69 -20 11.8 +5.8
WRND IQ Global Equity R&D Leaders ETF 1.9 18 31 6.6 +0.6
ARGT Global X MSCI Argentina ETF 1.8 59 -10 3.0 -3.0
SNSR Global X Internet of Things ETF 1.8 68 -19 4.2 -1.8
IGRO iShares International Dividend Growth ETF 1.8 15 34 6.3 +0.3
UIVM VictoryShares International Value Momentum ETF 1.8 35 14 7.6 +1.6
ICOW Pacer Developed Markets International Cash Cows 100 ETF 1.8 65 -16 9.9 +3.9
LOWV AB US Low Volatility Equity ETF 1.8 48 1 4.6 -1.5
ACWI iShares MSCI ACWI ETF 1.7 32 17 4.7 -1.3
POW VistaShares Electrification Supercycle ETF 1.7 75 -26 3.1 -2.9
OCEN IQ Clean Oceans ETF 1.7 45 4 5.0 -1.0
IBAT iShares Energy Storage & Materials ETF 1.7 47 2 2.5 -3.5
LRGC AB US Large Cap Strategic Equities ETF 1.6 48 1 3.8 -2.2
DSTX Distillate International Fundamental Stability & Value ETF 1.6 55 -6 6.7 +0.7
VT Vanguard Total World Stock ETF 1.6 6 43 5.1 -0.9
ICPY Tweedy, Browne International Insider Value ETF 1.6 80 -31 10.1 +4.1
JPIN J.P. Morgan Diversified Return International Equity ETF 1.5 37 12 7.3 +1.3
IDX VanEck Indonesia Index ETF 1.5 57 -8 6.7 +0.7
EIDO iShares MSCI Indonesia ETF 1.5 59 -10 7.1 +1.1
FFLC Fidelity Fundamental Large Cap Core ETF 1.5 38 11 3.9 -2.1
KLMT Invesco MSCI Global Climate 500 ETF 1.5 10 39 5.0 -1.0
BWEB Bitwise Web3 ETF 1.5 85 -36 -0.1 -6.1
FFND Future Fund Active ETF 1.5 100 -51 3.1 -2.9
CIL VictoryShares International Volatility Wtd ETF 1.5 45 4 5.8 -0.2
ACWV iShares MSCI Global Min Vol Factor ETF 1.5 20 29 5.3 -0.7
SWP SWP Growth & Income ETF 1.5 99 -50 3.7 -2.3
BLOK Amplify Transformational Data Sharing ETF 1.4 75 -26 0.3 -5.7
SDIV Global X Superdividend ETF 1.4 58 -9 15.7 +9.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.4 20 29 4.8 -1.2
FLMX Franklin FTSE Mexico ETF 1.4 19 30 8.9 +2.9
EWW iShares MSCI Mexico ETF 1.4 50 -1 8.2 +2.2
DGT State Street SPDR Global Dow ETF 1.4 50 -1 6.0 -0.0
ARKK ARK Innovation ETF 1.4 75 -26 -2.8 -8.8
TPIF Timothy Plan International ETF 1.3 62 -13 5.5 -0.6
SGDM Sprott Gold Miners ETF 1.3 50 -1 2.1 -3.9
GDX VanEck Gold Miners ETF 1.3 51 -2 2.6 -3.4
FFTY Innovator IBD 50 ETF 1.3 80 -31 -1.8 -7.8
AUMI Themes Gold Miners ETF 1.3 35 14 2.6 -3.4
COPY Tweedy, Browne Insider + Value ETF 1.3 80 -31 10.4 +4.4
SPDW SPDR Portfolio Developed World ex-US ETF 1.3 3 46 6.1 +0.1
IXG iShares Global Financials ETF 1.3 42 7 5.8 -0.2
EPHE iShares MSCI Philippines ETF 1.2 59 -10 0.0 -6.0
TTAI FCF International Quality ETF 1.2 59 -10 6.5 +0.5
COLO Global X MSCI Colombia ETF 1.2 62 -13 17.0 +11.0
CGDV Capital Group Dividend Value ETF 1.2 33 16 4.0 -2.0
IOO iShares Global 100 ETF 1.2 41 8 3.9 -2.1
GLOF iShares Global Equity Factor ETF 1.2 20 29 5.9 -0.1
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.1 61 -12 1.8 -4.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.1 24 25 6.5 +0.5
FBCG Fidelity Blue Chip Growth ETF 1.1 59 -10 2.2 -3.8
ESPO VanEck Video Gaming and eSports ETF 1.1 56 -7 4.9 -1.1
HERO Global X Video Games & Esports ETF 1.1 50 -1 4.3 -1.8
NERD Roundhill Video Games ETF 1.1 50 -1 6.2 +0.2
ODDS Pacer BlueStar Digital Entertainment ETF 1.1 60 -11 2.8 -3.3
OND ProShares On-Demand ETF 1.1 58 -9 -0.6 -6.6
PBD Invesco Global Clean Energy ETF 1.1 75 -26 0.7 -5.3
HUMN Roundhill Humanoid Robotics ETF 1.1 75 -26 1.0 -5.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.1 58 -9 8.7 +2.7
ARKX ARK Space Exploration & Innovation ETF 1.1 75 -26 0.1 -6.0
JGRO JPMorgan Active Growth ETF 1.0 44 5 2.9 -3.2
CUT Invesco MSCI Global Timber ETF 1.0 61 -12 9.9 +3.9
WOOD iShares Global Timber & Forestry ETF 1.0 42 7 12.0 +6.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.0 60 -11 7.5 +1.5
RSHO Tema American Reshoring ETF 0.9 75 -26 3.8 -2.2
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.9 61 -12 -0.6 -6.6
NDIA Global X India Active ETF 0.9 75 -26 4.8 -1.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.9 12 37 4.3 -1.7
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.9 80 -31 12.8 +6.8
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.9 45 4 1.6 -4.4
BINV Brandes International ETF 0.9 70 -21 8.3 +2.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.9 70 -21 11.9 +5.8
IXP iShares Global Comm Services ETF 0.9 42 7 5.3 -0.7
RXI iShares Global Consumer Discretionary ETF 0.9 41 8 7.1 +1.1
JGLO JPMorgan Global Select Equity ETF 0.9 33 16 4.3 -1.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.8 47 2 5.8 -0.3
GMET VanEck Green Metals ETF 0.8 63 -14 5.8 -0.2
WGMI Valkyrie Bitcoin Miners ETF 0.8 75 -26 -4.0 -10.0
SDG iShares MSCI Global Sustainable Development Goals ETF 0.8 49 0 4.8 -1.3
FDNI First Trust Dow Jones International Internet ETF 0.8 65 -16 18.4 +12.4
SOCL Global X Social Media ETF 0.8 65 -16 9.0 +3.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.8 86 -37 11.7 +5.7
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.8 86 -37 0.4 -5.7
ISHP First Trust Nasdaq Retail ETF 0.8 60 -11 5.0 -1.0
MXI iShares Global Materials ETF 0.7 41 8 6.3 +0.3
DMAT Global X Disruptive Materials ETF 0.7 59 -10 5.3 -0.7
BATT Amplify Lithium & Battery Technology ETF 0.7 59 -10 1.7 -4.3
FPAG FPA Global Equity ETF 0.7 49 0 5.0 -1.0
ICOP iShares Copper and Metals Mining ETF 0.7 47 2 6.1 +0.1
KAT Scharf ETF 0.7 87 -38 4.6 -1.4
DGIN VanEck Digital India ETF 0.7 71 -22 1.2 -4.8
DEW WisdomTree Global High Dividend Fund 0.7 58 -9 7.6 +1.6
GINN Goldman Sachs Innovate Equity ETF 0.7 52 -3 3.2 -2.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.7 56 -7 10.1 +4.1
GCOW Pacer Global Cash Cows Dividend ETF 0.7 60 -11 9.8 +3.8
IDV iShares International Select Dividend ETF 0.7 51 -2 9.6 +3.6
VIGI Vanguard International Dividend Appreciation ETF 0.7 10 39 5.7 -0.3
AGNG Global X Aging Population ETF 0.7 50 -1 3.9 -2.1
GEW Cambria Global EW ETF 0.7 29 20 5.4 -0.6
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 70 -21 6.9 +0.9
FDLS Inspire Fidelis Multi Factor ETF 0.6 76 -27 4.1 -1.9
SCHY Schwab International Dividend Equity ETF 0.6 14 35 8.8 +2.8
RCGE RockCreek Global Equality ETF 0.6 95 -46 6.0 +0.0
CGUS Capital Group Core Equity ETF 0.6 33 16 3.8 -2.2
CRAK VanEck Oil Refiners ETF 0.6 61 -12 11.2 +5.1
OAIM OneAscent International Equity ETF 0.6 95 -46 4.7 -1.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.5 42 7 5.6 -0.4
MOO VanEck Agribusiness ETF 0.5 53 -4 9.8 +3.8
VEGI iShares MSCI Agriculture Producers ETF 0.5 39 10 8.3 +2.3
XT iShares Exponential Technologies ETF 0.5 46 3 4.2 -1.8
IDRV iShares Self-driving EV & Tech ETF 0.5 47 2 3.1 -2.9
SCHC Schwab International Small-Cap Equity ETF 0.5 11 38 6.8 +0.8
SLX VanEck Steel ETF 0.5 56 -7 12.1 +6.1
MAKX ProShares S&P Kensho Smart Factories ETF 0.5 58 -9 -0.4 -6.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 0 6.2 +0.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 10 5.3 -0.7
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 10 7.7 +1.7
TRFM AAM Transformers ETF 0.4 49 0 1.0 -5.0
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.4 20 29 2.6 -3.4
IXJ iShares Global Healthcare ETF 0.4 42 7 5.6 -0.4
CVY Invesco Zacks Multi-Asset Income ETF 0.4 106 -57 10.4 +4.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 8 41 6.5 +0.5
SHPP Pacer Industrials and Logistics ETF 0.3 60 -11 7.6 +1.6
KXI iShares Global Consumer Staples ETF 0.3 41 8 5.3 -0.7
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.3 10 39 6.3 +0.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 10 6.8 +0.8
FPXI First Trust International Equity Opportunities ETF 0.3 70 -21 3.6 -2.5
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 -13 3.1 -2.9
ANEW ProShares MSCI Transformational Changes ETF 0.3 45 4 4.6 -1.5
EXI iShares Global Industrials ETF 0.2 42 7 3.7 -2.3
HELX Franklin Genomic Advancements ETF 0.2 50 -1 -0.4 -6.4
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 7 8.7 +2.7
VGK Vanguard FTSE Europe ETF 0.2 6 43 6.4 +0.4
SRVR Pacer Data & Infrastructure Real Estate ETF 0.2 55 -6 4.3 -1.7
BMED Future Health ETF 0.2 85 -36 0.2 -5.8
CGV Conductor Global Equity Value ETF 0.2 130 -81 7.0 +1.0
SPEU SPDR Portfolio Europe ETF 0.2 7 42 6.4 +0.4
IQSI IQ Candriam International Equity ETF 0.2 15 34 5.7 -0.3
IPAV Global X Infrastructure Development ex-U.S. ETF 0.2 55 -6 5.9 -0.1
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 -11 4.2 -1.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 37 8.0 +2.0
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 40 6.3 +0.3
ION ProShares S&P Global Core Battery Metals ETF 0.2 58 -9 5.6 -0.4
FVD First Trust Value Line Dividend Index Fund 0.2 65 -16 5.7 -0.3
FLEE Franklin FTSE Europe ETF 0.2 9 40 6.3 +0.3
INTF iShares International Equity Factor ETF 0.2 15 34 6.6 +0.6
PID Invesco International Dividend Achievers ETF 0.1 53 -4 4.9 -1.2
CIBR First Trust NASDAQ Cybersecurity ETF 0.1 60 -11 3.6 -2.4
GLIN VanEck India Growth Leaders ETF 0.1 77 -28 4.8 -1.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 29 5.9 -0.1
BKIE BNY Mellon International Equity ETF 0.1 4 45 6.1 +0.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 -9 3.9 -2.1
HART IQ Healthy Hearts ETF 0.1 45 4 5.4 -0.6
GII SPDR S&P Global Infrastructure ETF 0.1 40 9 4.5 -1.6
ABLD Abacus FCF Real Assets Leaders ETF 0.1 69 -20 6.4 +0.4
JETS U.S. Global Jets ETF 0.1 60 -11 2.1 -3.9
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 3 5.5 -0.6
EMIF iShares Emerging Markets Infrastructure ETF 0.1 60 -11 3.1 -2.9
IGF iShares Global Infrastructure ETF 0.1 41 8 4.5 -1.6
FTRI First Trust Indxx Global Natural Resources Income ETF 0.1 70 -21 6.7 +0.7
GOEX Global X Gold Explorers ETF 0.0 65 -16 1.6 -4.4
OBOR KraneShares MSCI One Belt One Road Index ETF 0.0 79 -30 7.3 +1.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 7 4.7 -1.3
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 40 7.0 +1.0
EBI Longview Advantage ETF 0.0 35 14 5.8 -0.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -16 7.2 +1.1

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 13.4 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.59 CATEGORY
AVERAGE		 1.54
 
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.