Freedom 100 Emerging Markets ETF
ALTAR
Score™		 8.1% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 12.6x P/Sales
ratio		 1.3x
P/BV
ratio		 1.7x Div.
yield		 3.1%


  • 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) $1,423
Currency USD
Expense ratio 49 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 108
Wgt avg mkt cap (mns) $114,292
Large cap (>$10bn) 70.1%
Mid cap ($2-10bn) 21.6%
Small cap (<$2bn) 4.7%
Developed mkts 1.4%
Emerging mkts 98.6%

TOP TEN HOLDINGS
SAMSUNG ELECTRONICS CO LTD 9.0 %
TAIWAN SEMICONDUCTOR-SP ADR 7.5 %
HYNIX SEMICONDUCTOR INC 4.3 %
BANK PEKAO SA 3.6 %
BANCO DE CHILE 3.5 %
HON HAI PRECISION INDUSTRY 3.4 %
LAN AIRLINES SA 3.2 %
S.A.C.I. FALABELLA 3.0 %
MEDIATEK INC 2.7 %
VALE SA 2.4 %
Total 42.6 %

TOP COUNTRY EXPOSURE
TAIWAN 20.6 %
SOUTH KOREA 18.4 %
CHILE 17.5 %
POLAND 11.6 %
BRAZIL 6.8 %
SOUTH AFRICA 6.2 %
MALAYSIA 4.8 %
MEXICO 1.9 %
INDONESIA 1.9 %
INDIA 1.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
27.6% 17.6% 12.1% -- 10.4%

Market Correlations
versus... Beta R-squared
S&P500 0.93 59%
MSCI EAFE 0.86 58%
MSCI Emg. Mkts. 0.88 64%

Technical Indicators
Recent close $44.34
30d moving avg. $42.02
Annualized volatility 18.4%
Short interest (ETF) 0.6%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 124
Turnover 0.4%
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™: 8.1%


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 31.1 75 -26 8.1 -0.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 29.4 24 25 7.8 -0.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 26.2 75 -26 9.1 +1.0
XCEM Columbia EM Core ex-China ETF 25.3 16 33 8.1 -0.0
ECON Columbia Emerging Markets Consumer ETF 23.5 49 0 11.9 +3.8
STXE Strive Emerging Markets Ex-China ETF 22.9 32 17 7.6 -0.5
AVXC Avantis Emerging Markets Ex-China Equity ETF 22.5 33 16 8.4 +0.3
XC WisdomTree Emerging Markets Ex-China Fund 22.0 32 17 6.2 -1.9
AVEM Avantis Emerging Markets Equity ETF 20.4 33 16 8.4 +0.3
EMM Global X Emerging Markets ex-China ETF 19.6 75 -26 6.3 -1.8
AIA iShares Asia 50 ETF 19.4 50 -1 11.8 +3.7
EMXC iShares MSCI Emerging Markets ex China ETF 19.3 25 24 7.5 -0.6
AVSE Avantis Responsible Emerging Markets Equity ETF 18.5 33 16 8.1 +0.1
EMC Global X Emerging Markets Great Consumer ETF 18.1 75 -26 10.6 +2.5
FLKR Franklin FTSE South Korea ETF 17.8 9 40 8.7 +0.6
EWY iShares MSCI South Korea ETF 17.8 58 -9 8.0 -0.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 17.6 15 34 7.6 -0.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 17.4 32 17 8.8 +0.7
ECH iShares MSCI Chile ETF 17.1 58 -9 8.3 +0.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 16.7 32 17 6.8 -1.3
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 16.5 88 -39 8.5 +0.4
JHEM John Hancock Multifactor Emerging Markets ETF 16.4 49 0 9.8 +1.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 16.3 33 16 9.7 +1.6
FLN First Trust Latin America AlphaDEX Fund 16.2 80 -31 10.0 +1.9
MEM Matthews Emerging Markets Equity Active ETF 16.1 79 -30 7.5 -0.6
EVLU iShares MSCI Emerging Markets Value Factor ETF 15.8 35 14 17.5 +9.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 15.6 50 -1 10.6 +2.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 15.6 20 29 10.3 +2.2
GMF SPDR S&P Emerging Asia Pacific ETF 15.2 49 0 9.1 +1.1
ROAM Hartford Multifactor Emerging Markets ETF 15.0 44 5 11.8 +3.7
EMXF iShares ESG Advanced MSCI EM ETF 14.7 16 33 8.3 +0.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 14.3 66 -17 9.2 +1.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 14.2 15 34 9.9 +1.8
IVES Wedbush ETFMG Global Cloud Technology ETF 14.0 68 -19 6.7 -1.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 13.9 30 19 10.0 +1.9
BKEM BNY Mellon Emerging Markets Equity ETF 13.7 11 38 9.6 +1.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 13.3 30 19 8.9 +0.8
EMGF iShares Emerging Markets Equity Factor ETF 13.2 25 24 11.3 +3.2
EEM iShares MSCI Emerging Markets ETF 13.2 69 -20 9.9 +1.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 13.1 45 4 10.0 +1.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 13.1 53 -4 7.6 -0.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 13.0 36 13 9.4 +1.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 12.6 39 10 15.7 +7.6
FDEM Fidelity Emerging Markets Multifactor ETF 12.5 25 24 12.2 +4.1
FLTW Franklin FTSE Taiwan ETF 12.5 19 30 6.5 -1.6
EWT iShares MSCI Taiwan ETF 12.5 58 -9 6.4 -1.7
EEMO Invesco S&P Emerging Markets Momentum ETF 12.4 29 20 6.3 -1.8
EEMA iShares MSCI Emerging Markets Asia ETF 12.3 49 0 9.8 +1.7
ESGE iShares ESG Aware MSCI EM ETF 12.3 25 24 9.8 +1.7
UMMA Wahed Dow Jones Islamic World ETF 11.9 65 -16 5.3 -2.8
DFAE Dimensional Emerging Core Equity Market ETF 11.8 35 14 9.0 +0.9
DEHP Dimensional Emerging Markets High Profitability ETF 11.6 41 8 6.5 -1.6
EPOL iShares MSCI Poland ETF 11.6 59 -10 11.2 +3.1
PXH Invesco FTSE RAFI Emerging Markets ETF 11.5 49 0 15.1 +7.0
DFEV Dimensional Emerging Markets Value ETF 11.4 43 6 12.9 +4.8
FLAX Franklin FTSE Asia Ex Japan ETF 11.4 19 30 8.9 +0.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 11.3 29 20 9.1 +1.0
DEM WisdomTree Emerging Markets High Dividend Fund 11.3 63 -14 13.0 +4.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 11.3 70 -21 8.9 +0.8
IEMG iShares Core MSCI Emerging Markets ETF 11.2 9 40 10.1 +2.0
FLLA Franklin FTSE Latin America ETF 11.2 19 30 12.4 +4.3
CARZ First Trust NASDAQ Global Auto Index Fund 11.1 70 -21 4.6 -3.5
XCNY SPDR S&P Emerging Markets ex-China ETF 11.1 15 34 7.5 -0.6
WTAI WisdomTree Artificial Intelligence and Innovation Fund 11.0 45 4 2.6 -5.5
NUEM Nuveen ESG Emerging Markets Equity ETF 10.9 36 13 7.7 -0.4
AIVC Amplify Bloomberg AI Value Chain ETF 10.8 59 -10 5.2 -2.9
FDTX Fidelity Disruptive Technology ETF 10.3 50 -1 2.7 -5.4
AVES Avantis Emerging Markets Value ETF 10.2 36 13 10.7 +2.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 9.9 59 -10 8.5 +0.5
AIS VistaShares Artificial Intelligence Supercycle ETF 9.9 75 -26 2.8 -5.3
APIE ActivePassive International Equity ETF 9.9 45 4 7.3 -0.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 9.7 44 5 10.4 +2.3
LDEM iShares ESG MSCI EM Leaders ETF 9.7 17 32 13.3 +5.2
PATN Pacer Nasdaq International Patent Leaders ETF 9.6 65 -16 6.0 -2.1
SPEM SPDR Portfolio Emerging Markets ETF 9.6 7 42 10.2 +2.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 9.4 38 11 8.9 +0.8
ILF iShares Latin America 40 ETF 9.0 48 1 12.3 +4.2
EMMF WisdomTree Emerging Markets Multifactor Fund 8.9 48 1 7.3 -0.8
MINV Matthews Asia Innovators Active ETF 8.8 79 -30 6.8 -1.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 8.2 40 9 6.9 -1.2
ADIV SmartETFs Asia Pacific Dividend Builder ETF 8.1 78 -29 9.1 +1.0
EDIV SPDR S&P Emerging Markets Dividend ETF 8.0 49 0 11.6 +3.5
SCHE Schwab Emerging Markets Equity ETF 7.9 11 38 10.6 +2.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 7.9 45 4 10.5 +2.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 7.8 25 24 6.5 -1.6
OSEA Harbor International Compounders ETF 7.8 55 -6 4.9 -3.2
FEOE First Eagle Overseas Equity ETF 7.7 79 -30 7.8 -0.3
RNEM First Trust Emerging Markets Equity Select ETF 7.7 75 -26 7.5 -0.6
NXTG First Trust Indxx NextG ETF 7.6 70 -21 5.2 -2.9
GTEK Goldman Sachs Future Tech Leaders Equity ETF 7.6 75 -26 3.0 -5.1
FEM First Trust Emerging Markets AlphaDEX Fund 7.6 80 -31 10.9 +2.8
VWO Vanguard FTSE Emerging Markets ETF 7.5 7 42 9.8 +1.7
WUGI AXS Esoterica NextG Economy ETF 7.5 75 -26 2.3 -5.8
SMH VanEck Semiconductor ETF 7.5 35 14 3.8 -4.3
SOXQ Invesco PHLX Semiconductor ETF 7.5 19 30 4.4 -3.7
AIQ Global X Artificial Intelligence & Technology ETF 7.5 68 -19 3.6 -4.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 7.4 41 8 8.4 +0.3
CGGO Capital Group Global Growth Equity ETF 7.2 47 2 4.6 -3.5
IQM Franklin Intelligent Machines ETF 7.2 50 -1 2.0 -6.1
DVYE iShares Emerging Markets Dividend ETF 7.1 49 0 18.4 +10.4
CWI SPDR MSCI ACWI ex-US ETF 7.1 30 19 7.5 -0.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 7.0 95 -46 11.4 +3.3
MOTO SmartETFs Smart Transportation & Technology ETF 6.8 68 -19 7.2 -0.9
DSTX Distillate International Fundamental Stability & Value ETF 6.8 55 -6 7.7 -0.4
VNSE Natixis Vaughan Nelson Select ETF 6.7 80 -31 4.6 -3.5
FDCF Fidelity Disruptive Communications ETF 6.6 50 -1 2.7 -5.4
WRND IQ Global Equity R&D Leaders ETF 6.5 18 31 8.0 -0.1
AFK VanEck Africa Index ETF 6.2 98 -49 11.5 +3.4
JIG JPMorgan International Growth ETF 6.0 55 -6 4.7 -3.4
BKCI BNY Mellon Concentrated International ETF 6.0 80 -31 5.2 -2.9
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.8 80 -31 8.7 +0.6
IGPT Invesco AI and Next Gen Software ETF 5.8 60 -11 4.1 -4.0
FMET Fidelity Metaverse ETF 5.8 39 10 4.5 -3.6
ASEA Global X FTSE Southeast Asia ETF 5.7 65 -16 6.6 -1.5
DINT Davis Select International ETF 5.7 55 -6 7.7 -0.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 5.6 65 -16 11.9 +3.8
FEGE First Eagle Global Equity ETF 5.6 79 -30 6.8 -1.3
GVAL Cambria Global Value ETF 5.5 68 -19 10.3 +2.2
BGDV Bahl & Gaynor Dividend ETF 5.5 45 4 4.7 -3.4
CHAT Roundhill Generative AI & Technology ETF 5.5 75 -26 8.6 +0.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 5.3 47 2 8.2 +0.1
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 5.3 60 -11 10.0 +1.9
VPL Vanguard FTSE Pacific ETF 5.2 7 42 6.7 -1.4
AOTG AOT Growth and Innovation ETF 5.2 75 -26 1.7 -6.4
TINY ProShares Nanotechnology ETF 5.2 58 -9 4.8 -3.3
GFGF Guru Favorite Stocks ETF Guru Favorite Stocks Fund 5.1 65 -16 3.6 -4.5
WWJD Inspire International ETF 5.1 80 -31 7.2 -0.8
IMFL Invesco International Developed Dynamic Multifactor ETF 5.1 34 15 6.1 -2.0
CGDG Capital Group Dividend Growers ETF 5.0 47 2 6.2 -1.9
EZA iShares MSCI South Africa ETF 4.9 58 -9 9.8 +1.7
KNCT Invesco Next Gen Connectivity ETF 4.9 40 9 4.7 -3.4
EWM iShares MSCI Malaysia ETF 4.8 50 -1 6.7 -1.4
TDIV First Trust NASDAQ Technology Dividend Index Fund 4.7 50 -1 5.3 -2.8
METV Roundhill Ball Metaverse ETF 4.6 59 -10 7.3 -0.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.5 65 -16 7.8 -0.3
DWLD Davis Select Worldwide ETF 4.5 63 -14 7.0 -1.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 4.4 65 -16 2.0 -6.1
VIDI Vident International Equity Strategy ETF 4.4 61 -12 10.7 +2.6
FLBR Franklin FTSE Brazil ETF 4.4 19 30 13.9 +5.8
EWZ iShares MSCI Brazil ETF 4.4 58 -9 12.6 +4.5
LIVR Intelligent Livermore ETF 4.4 69 -20 5.2 -2.9
LOUP Innovator Deepwater Frontier Tech ETF 4.3 70 -21 1.1 -7.0
VSGX Vanguard ESG International Stock ETF 4.3 10 39 7.5 -0.6
ABLG Abacus FCF International Leaders ETF 4.3 59 -10 6.8 -1.3
QTUM Defiance Quantum ETF 4.3 40 9 5.3 -2.8
SOXX iShares Semiconductor ETF 4.2 35 14 4.7 -3.4
EYLD Cambria Emerging Shareholder Yield ETF 4.2 66 -17 12.2 +4.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.1 41 8 7.4 -0.7
VYMI Vanguard International High Dividend Yield ETF 4.1 17 32 9.4 +1.4
ACWX iShares MSCI ACWI ex U.S. ETF 4.0 34 15 7.6 -0.5
VEU Vanguard FTSE All-World ex-US Index Fund 4.0 4 45 8.0 -0.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 4.0 18 31 7.8 -0.3
JSTC Adasina Social Justice All Cap Global ETF 4.0 89 -40 4.8 -3.3
RFFC ALPS Active Equity Opportunity ETF 3.8 48 1 4.4 -3.7
IQDF FlexShares International Quality Dividend Index Fund 3.7 47 2 8.8 +0.7
RGEF Rockefeller Global Equity ETF 3.7 55 -6 4.7 -3.4
SSPX Janus Henderson U.S. Sustainable Equity ETF 3.7 55 -6 4.3 -3.8
RODE Hartford Multifactor Diversified International ETF 3.6 29 20 11.4 +3.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.6 30 19 7.7 -0.4
VXUS Vanguard Total International Stock ETF 3.5 5 44 7.7 -0.4
IXUS iShares Core MSCI Total International Stock ETF 3.5 7 42 7.8 -0.3
DWX SPDR S&P International Dividend ETF 3.5 45 4 6.1 -2.0
FFOG Franklin Focused Growth ETF 3.4 61 -12 2.3 -5.8
PICK iShares MSCI Global Metals & Mining Producers ETF 3.4 39 10 12.3 +4.2
DARP Grizzle Growth ETF 3.4 75 -26 2.9 -5.2
IXN iShares Global Tech ETF 3.3 41 8 3.6 -4.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 3.3 42 7 7.0 -1.1
FNDF Schwab Fundamental International Large Co. Index ETF 3.3 25 24 9.5 +1.4
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 3.3 86 -37 0.4 -7.7
ARVR First Trust Indxx Metaverse ETF 3.2 70 -21 3.9 -4.2
DIVS SmartETFs Dividend Builder ETF 3.2 65 -16 5.0 -3.1
BLES Inspire Global Hope ETF 3.1 61 -12 6.8 -1.3
TMFG Motley Fool Global Opportunities ETF 3.1 85 -36 3.9 -4.2
ICOP iShares Copper and Metals Mining ETF 3.1 47 2 8.1 -0.0
XNTK SPDR NYSE Technology ETF 3.0 35 14 3.5 -4.6
ROBO ROBO Global Robotics & Automation Index ETF 3.0 95 -46 3.4 -4.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.0 45 4 8.7 +0.6
AADR AdvisorShares Dorsey Wright ADR ETF 2.8 110 -61 4.7 -3.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.8 80 -31 9.4 +1.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.8 70 -21 13.0 +4.9
GVIP Goldman Sachs Hedge Industry VIP ETF 2.8 45 4 3.1 -5.0
CGXU Capital Group International Focus Equity ETF 2.7 54 -5 5.4 -2.7
HAP VanEck Natural Resources ETF 2.7 50 -1 9.3 +1.2
RSHO Tema American Reshoring ETF 2.6 75 -26 4.5 -3.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.6 46 3 9.8 +1.7
BRAZ Global X Brazil Active ETF 2.6 75 -26 12.2 +4.1
HFXI IQ FTSE International Equity Currency Neutral ETF 2.6 20 29 7.0 -1.1
ARKQ ARK Autonomous Technology & Robotics ETF 2.6 75 -26 0.4 -7.7
CGIE Capital Group International Equity ETF 2.6 54 -5 5.1 -3.0
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.6 90 -41 6.7 -1.4
LRGE ClearBridge Large Cap Growth ESG ETF 2.5 59 -10 3.9 -4.2
FCLD Fidelity Cloud Computing ETF 2.5 39 10 3.1 -5.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.5 9 40 5.6 -2.5
TEMP JPMorgan Climate Change Solutions ETF 2.4 49 0 5.8 -2.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.3 67 -18 13.5 +5.4
DEW WisdomTree Global High Dividend Fund 2.3 58 -9 8.3 +0.2
CLNR IQ Cleaner Transport ETF 2.3 45 4 6.6 -1.5
TMAT Main Thematic Innovation ETF 2.3 164 -115 -1.5 -9.5
GNR SPDR S&P Global Natural Resources ETF 2.3 40 9 10.9 +2.8
KOCG FIS Knights of Columbus Global Belief ETF 2.3 75 -26 5.2 -2.9
CGGR Capital Group Growth ETF 2.3 39 10 3.1 -5.0
BGRO iShares Large Cap Growth Active ETF 2.3 55 -6 3.0 -5.1
ARKW ARK Next Generation Internet ETF 2.2 87 -38 -0.4 -8.4
SFYF SoFi Social 50 ETF 2.1 29 20 0.4 -7.7
SCHF Schwab International Equity ETF 2.1 6 43 7.2 -0.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 2.1 86 -37 12.6 +4.5
ARGT Global X MSCI Argentina ETF 2.1 59 -10 5.1 -3.0
VEA Vanguard FTSE Developed Markets ETF 2.0 3 46 7.1 -1.0
EPU iShares MSCI Peru and Global Exposure ETF 1.9 59 -10 6.2 -1.9
IDX VanEck Indonesia Index ETF 1.9 57 -8 7.2 -0.9
EIDO iShares MSCI Indonesia ETF 1.9 59 -10 8.2 +0.1
FFTY Innovator IBD 50 ETF 1.8 80 -31 -2.3 -10.4
SNSR Global X Internet of Things ETF 1.8 68 -19 4.5 -3.6
GSFP Goldman Sachs Future Planet Equity ETF 1.8 75 -26 4.8 -3.3
OCEN IQ Clean Oceans ETF 1.8 45 4 6.0 -2.1
IBAT iShares Energy Storage & Materials ETF 1.8 47 2 3.5 -4.6
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.8 60 -11 10.3 +2.2
IDHQ Invesco S&P International Developed High Quality ETF 1.7 29 20 6.6 -1.5
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 1.7 65 -16 -1.4 -9.5
DTCR Global X Data Center & Digital Infrastructure ETF 1.7 50 -1 4.2 -3.9
BKF iShares MSCI BIC ETF 1.6 69 -20 13.0 +4.9
UIVM VictoryShares International Value Momentum ETF 1.6 35 14 8.9 +0.8
EPHE iShares MSCI Philippines ETF 1.6 59 -10 0.0 -8.1
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.6 68 -19 2.5 -5.6
FLMX Franklin FTSE Mexico ETF 1.5 19 30 9.9 +1.8
EWW iShares MSCI Mexico ETF 1.5 50 -1 9.6 +1.5
BWEB Bitwise Web3 ETF 1.5 85 -36 -0.2 -8.3
XT iShares Exponential Technologies ETF 1.5 46 3 4.8 -3.3
ACWI iShares MSCI ACWI ETF 1.4 32 17 5.5 -2.6
FFLC Fidelity Fundamental Large Cap Core ETF 1.4 38 11 4.5 -3.6
JPIN J.P. Morgan Diversified Return International Equity ETF 1.4 37 12 8.2 +0.1
KLMT Invesco MSCI Global Climate 500 ETF 1.4 10 39 5.6 -2.5
COLO Global X MSCI Colombia ETF 1.4 62 -13 16.5 +8.4
ACWV iShares MSCI Global Min Vol Factor ETF 1.4 20 29 6.2 -1.9
GINN Goldman Sachs Innovate Equity ETF 1.4 52 -3 3.6 -4.5
HERO Global X Video Games & Esports ETF 1.4 50 -1 3.7 -4.4
OND ProShares On-Demand ETF 1.4 58 -9 0.6 -7.5
ESPO VanEck Video Gaming and eSports ETF 1.4 56 -7 3.7 -4.4
NERD Roundhill Video Games ETF 1.4 50 -1 2.9 -5.2
GDX VanEck Gold Miners ETF 1.3 51 -2 3.2 -4.9
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 1.3 60 -11 3.6 -4.5
AUMI Themes Gold Miners ETF 1.3 35 14 4.2 -3.9
VT Vanguard Total World Stock ETF 1.3 6 43 5.8 -2.3
FFND Future Fund Active ETF 1.3 100 -51 4.2 -3.9
FDLS Inspire Fidelis Multi Factor ETF 1.3 76 -27 5.0 -3.1
SGDM Sprott Gold Miners ETF 1.3 50 -1 3.1 -5.0
TTAI FCF International Quality ETF 1.3 59 -10 7.3 -0.8
IXG iShares Global Financials ETF 1.2 42 7 6.5 -1.6
DGT SPDR Global Dow ETF 1.2 50 -1 6.9 -1.2
SWP SWP Growth & Income ETF 1.2 99 -50 4.0 -4.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.2 58 -9 9.5 +1.4
CUT Invesco MSCI Global Timber ETF 1.2 61 -12 10.5 +2.4
WOOD iShares Global Timber & Forestry ETF 1.2 42 7 12.1 +4.0
FSST Fidelity Sustainable U.S. Equity ETF 1.2 59 -10 4.3 -3.8
LOWV AB US Low Volatility Equity ETF 1.2 48 1 5.1 -3.0
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.1 61 -12 1.3 -6.8
ARKK ARK Innovation ETF 1.1 75 -26 -2.5 -10.6
BLOK Amplify Transformational Data Sharing ETF 1.1 75 -26 -0.4 -8.5
FBCG Fidelity Blue Chip Growth ETF 1.1 59 -10 2.8 -5.3
TPIF Timothy Plan International ETF 1.1 62 -13 6.2 -1.9
LRGC AB US Large Cap Strategic Equities ETF 1.1 48 1 4.4 -3.7
IGRO iShares International Dividend Growth ETF 1.1 15 34 7.2 -0.8
PBD Invesco Global Clean Energy ETF 1.1 75 -26 -0.3 -8.4
LOGO Alpha Brands Consumption Leaders ETF 1.1 69 -20 3.0 -5.1
NDIA Global X India Active ETF 1.1 75 -26 4.9 -3.2
FDNI First Trust Dow Jones International Internet ETF 1.0 65 -16 19.5 +11.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.0 12 37 5.1 -3.0
COPY Tweedy, Browne Insider + Value ETF 1.0 80 -31 11.7 +3.6
CIL VictoryShares International Volatility Wtd ETF 1.0 45 4 6.6 -1.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.0 20 29 5.6 -2.5
BINV Brandes International ETF 1.0 70 -21 9.2 +1.1
SDIV Global X Superdividend ETF 1.0 58 -9 40.8 +32.8
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.9 61 -12 -1.9 -10.0
SOCL Global X Social Media ETF 0.9 65 -16 8.3 +0.2
ISHP First Trust Nasdaq Retail ETF 0.9 60 -11 5.2 -2.9
KPOP KPOP and Korean Entertainment ETF 0.9 75 -26 2.0 -6.1
SPDW SPDR Portfolio Developed World ex-US ETF 0.9 3 46 6.9 -1.2
TRFM AAM Transformers ETF 0.9 49 0 1.3 -6.8
GLOF iShares Global Equity Factor ETF 0.9 20 29 6.4 -1.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.9 47 2 5.8 -2.3
JGLO JPMorgan Global Select Equity ETF 0.8 33 16 5.0 -3.1
SDG iShares MSCI Global Sustainable Development Goals ETF 0.8 49 0 5.7 -2.4
AGNG Global X Aging Population ETF 0.8 50 -1 4.9 -3.2
ODDS Pacer BlueStar Digital Entertainment ETF 0.8 60 -11 2.1 -6.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.8 24 25 7.3 -0.7
IXP iShares Global Comm Services ETF 0.8 42 7 5.3 -2.8
JGRO JPMorgan Active Growth ETF 0.8 44 5 3.3 -4.8
DGIN VanEck Digital India ETF 0.8 71 -22 2.1 -6.0
IOO iShares Global 100 ETF 0.8 41 8 4.7 -3.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.7 56 -7 10.5 +2.5
IDV iShares International Select Dividend ETF 0.7 51 -2 10.7 +2.6
GCOW Pacer Global Cash Cows Dividend ETF 0.7 60 -11 11.0 +2.9
MXI iShares Global Materials ETF 0.7 41 8 7.5 -0.6
GMET VanEck Green Metals ETF 0.7 63 -14 8.5 +0.4
RXI iShares Global Consumer Discretionary ETF 0.7 41 8 9.0 +0.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 0.7 60 -11 8.1 -0.0
DMAT Global X Disruptive Materials ETF 0.7 59 -10 7.4 -0.7
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.7 85 -36 8.8 +0.7
BATT Amplify Lithium & Battery Technology ETF 0.7 59 -10 3.3 -4.8
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.7 80 -31 13.5 +5.4
VIGI Vanguard International Dividend Appreciation ETF 0.6 10 39 6.3 -1.8
WGMI Valkyrie Bitcoin Miners ETF 0.6 75 -26 -4.3 -12.4
BOUT Innovator IBD Breakout Opportunities ETF 0.6 81 -32 2.7 -5.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 70 -21 7.5 -0.6
SCHY Schwab International Dividend Equity ETF 0.6 14 35 9.7 +1.6
CRAK VanEck Oil Refiners ETF 0.6 61 -12 13.2 +5.1
HART IQ Healthy Hearts ETF 0.6 45 4 6.7 -1.4
MAKX ProShares S&P Kensho Smart Factories ETF 0.6 58 -9 -1.4 -9.5
SLX VanEck Steel ETF 0.6 56 -7 14.9 +6.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 0 6.7 -1.4
IXJ iShares Global Healthcare ETF 0.6 42 7 7.3 -0.8
MOO VanEck Agribusiness ETF 0.5 53 -4 10.5 +2.4
VEGI iShares MSCI Agriculture Producers ETF 0.5 39 10 8.8 +0.7
IDRV iShares Self-driving EV & Tech ETF 0.5 47 2 1.8 -6.3
FILL iShares MSCI Global Energy Producers ETF 0.5 39 10 11.5 +3.5
RCGE RockCreek Global Equality ETF 0.5 95 -46 6.6 -1.5
OAIM OneAscent International Equity ETF 0.5 95 -46 5.6 -2.5
SCHC Schwab International Small-Cap Equity ETF 0.5 11 38 6.5 -1.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 10 5.6 -2.5
HELX Franklin Genomic Advancements ETF 0.5 50 -1 -0.2 -8.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.5 45 4 4.0 -4.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.4 10 39 7.9 -0.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 8 41 6.0 -2.1
KOMP SPDR S&P Kensho New Economies Composite ETF 0.4 20 29 2.4 -5.7
CVY Invesco Zacks Multi-Asset Income ETF 0.4 106 -57 12.3 +4.2
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 10 10.7 +2.6
KXI iShares Global Consumer Staples ETF 0.3 41 8 5.6 -2.5
SHPP Pacer Industrials and Logistics ETF 0.3 60 -11 8.7 +0.6
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 -13 3.6 -4.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.3 12 37 8.0 -0.1
FPAG FPA Global Equity ETF 0.3 49 0 5.7 -2.4
VGK Vanguard FTSE Europe ETF 0.2 6 43 7.5 -0.6
SPEU SPDR Portfolio Europe ETF 0.2 7 42 7.4 -0.7
ARTY iShares Future AI & Tech ETF 0.2 47 2 3.5 -4.6
IPAV Global X Infrastructure Development ex-U.S. ETF 0.2 55 -6 7.6 -0.5
EXI iShares Global Industrials ETF 0.2 42 7 4.5 -3.6
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 4 6.1 -2.0
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 -11 4.2 -3.9
FVD First Trust Value Line Dividend Index Fund 0.2 65 -16 6.3 -1.8
IQSI IQ Candriam International Equity ETF 0.2 15 34 6.6 -1.5
CIBR First Trust NASDAQ Cybersecurity ETF 0.2 60 -11 4.0 -4.1
GLIN VanEck India Growth Leaders ETF 0.2 77 -28 6.7 -1.4
PID Invesco International Dividend Achievers ETF 0.2 53 -4 5.5 -2.6
GINX SGI Enhanced Global Income ETF 0.2 98 -49 7.0 -1.1
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 7 9.4 +1.3
ION ProShares S&P Global Core Battery Metals ETF 0.2 58 -9 9.2 +1.2
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 40 7.2 -0.9
INTF iShares International Equity Factor ETF 0.1 15 34 7.5 -0.6
FLEE Franklin FTSE Europe ETF 0.1 9 40 7.3 -0.8
IPOS Renaissance International IPO ETF 0.1 80 -31 2.2 -5.9
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 29 6.8 -1.3
OBOR KraneShares MSCI One Belt One Road Index ETF 0.1 79 -30 8.8 +0.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 10 7.8 -0.3
BKIE BNY Mellon International Equity ETF 0.1 4 45 7.0 -1.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 -9 4.6 -3.5
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 3 5.6 -2.5
EMIF iShares Emerging Markets Infrastructure ETF 0.1 60 -11 4.8 -3.3
IGF iShares Global Infrastructure ETF 0.1 41 8 4.7 -3.4
GII SPDR S&P Global Infrastructure ETF 0.1 40 9 4.7 -3.4
ABLD Abacus FCF Real Assets Leaders ETF 0.1 69 -20 6.7 -1.4
JETS U.S. Global Jets ETF 0.1 60 -11 2.7 -5.4
GOEX Global X Gold Explorers ETF 0.1 65 -16 2.9 -5.2
FTRI First Trust Indxx Global Natural Resources Income ETF 0.1 70 -21 7.5 -0.6
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 7 5.4 -2.7
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 40 7.9 -0.2
RSSL Global X Russell 2000 ETF 0.0 8 41 4.3 -3.8
GVLU Gotham 1000 Value ETF 0.0 50 -1 8.9 +0.8
LST Leuthold Select Industries ETF 0.0 91 -42 5.0 -3.1
EBI Longview Advantage ETF 0.0 35 14 6.5 -1.6
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -16 7.6 -0.5

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 1.6 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 8.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 CATEGORY
AVERAGE		 1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.