Freedom 100 Emerging Markets ETF
ALTAR
Score™		 5.4% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 17.8x P/Sales
ratio		 1.5x
P/BV
ratio		 2.3x Div.
yield		 2.4%


  • 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) $2,639
Currency USD
Expense ratio 49 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 117
Wgt avg mkt cap (mns) $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 8.2 %
TAIWAN SEMICONDUCTOR-SP ADR 7.8 %
HYNIX SEMICONDUCTOR INC 5.1 %
BANCO DE CHILE 3.6 %
VALE SA 3.6 %
BANK PEKAO SA 3.5 %
LAN AIRLINES SA 3.2 %
MEDIATEK INC 2.8 %
S.A.C.I. FALABELLA 2.7 %
HON HAI PRECISION INDUSTRY 2.7 %
Total 43.2 %

TOP COUNTRY EXPOSURE
TAIWAN 21.0 %
CHILE 17.2 %
SOUTH KOREA 16.4 %
POLAND 11.2 %
BRAZIL 8.8 %
MALAYSIA 6.0 %
SOUTH AFRICA 5.6 %
THAILAND 2.4 %
MEXICO 2.0 %
PHILIPPINES 1.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
12.9% 74.8% 15.2% -- 624.5%

Market Correlations
versus... Beta R-squared
S&P500 0.80 59%
MSCI EAFE 1.01 69%
MSCI Emg. Mkts. 1.03 84%

Technical Indicators
Recent close $60.04
30d moving avg. $55.54
Annualized volatility 17.4%
Short interest (ETF) 0.2%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 669
Turnover 1.5%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $2,833

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 403 potential alternatives to the Freedom 100 Emerging Markets ETF ETF based on the alternatives' overlap in portfolio holdings with FRDM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FRDM Expense: 49 bp ALTAR Score™: 5.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FRDM
Ticker Fund
Name		 Overlap1
vs FRDM
(%)		 Expense
ratio
(bp)		 Savings
vs FRDM
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FRDM
(%)
STXE Strive Emerging Markets Ex-China ETF 28.9 32 17 5.7 +0.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 27.3 75 -26 7.5 +2.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 26.3 24 25 5.8 +0.4
EMXC iShares MSCI Emerging Markets ex China ETF 25.7 25 24 5.4 +0.0
AIA iShares Asia 50 ETF 25.1 50 -1 9.9 +4.5
ECON Columbia Emerging Markets Consumer ETF 24.6 49 0 9.3 +3.9
XCEM Columbia EM Core ex-China ETF 24.0 16 33 6.1 +0.7
EMM Global X Emerging Markets ex-China ETF 22.7 75 -26 5.2 -0.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 22.7 33 16 6.4 +1.0
EMC Global X Emerging Markets Great Consumer ETF 21.7 75 -26 6.7 +1.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 21.4 32 17 5.0 -0.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 20.2 35 14 11.1 +5.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 19.9 30 19 7.7 +2.3
JIVE JPMorgan International Value ETF 19.8 55 -6 8.9 +3.5
AVSE Avantis Responsible Emerging Markets Equity ETF 19.5 33 16 6.6 +1.2
JHEM John Hancock Multifactor Emerging Markets ETF 19.4 49 0 7.9 +2.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 19.1 32 17 6.7 +1.3
EEM iShares MSCI Emerging Markets ETF 18.9 69 -20 7.7 +2.3
EMXF iShares ESG Advanced MSCI EM ETF 18.7 16 33 6.8 +1.4
AVEM Avantis Emerging Markets Equity ETF 18.7 33 16 6.8 +1.4
JADE JPMorgan Active Developing Markets Equity ETF 18.3 65 -16 6.1 +0.7
EMGF iShares Emerging Markets Equity Factor ETF 17.7 25 24 9.0 +3.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 17.5 33 16 7.7 +2.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 17.4 20 29 22,159.8 +22,154.4
ESGE iShares ESG Aware MSCI EM ETF 17.3 25 24 8.1 +2.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 16.9 66 -17 7.3 +1.9
ECH iShares MSCI Chile ETF 16.8 58 -9 5.7 +0.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 16.8 15 34 8.1 +2.7
EEMA iShares MSCI Emerging Markets Asia ETF 16.6 49 0 7.6 +2.2
ROAM Hartford Multifactor Emerging Markets ETF 16.4 44 5 9.7 +4.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 16.4 70 -21 6.9 +1.5
CHPX Global X AI Semiconductor & Quantum ETF 16.4 50 -1 2.4 -3.0
EWY iShares MSCI South Korea ETF 16.4 58 -9 4.2 -1.2
FLKR Franklin FTSE South Korea ETF 16.4 9 40 5.0 -0.5
IEMG iShares Core MSCI Emerging Markets ETF 16.4 9 40 8.1 +2.7
BKEM BNY Mellon Emerging Markets Equity ETF 16.1 11 38 7.5 +2.1
XC WisdomTree Emerging Markets Ex-China Fund 16.0 32 17 5.3 -0.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 15.9 30 19 7.1 +1.7
DEHP Dimensional Emerging Markets High Profitability ETF 15.6 41 8 5.0 -0.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 15.6 50 -1 8.6 +3.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 15.3 53 -4 5.7 +0.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 15.2 36 13 7.6 +2.2
UMMA Wahed Dow Jones Islamic World ETF 15.2 65 -16 3.7 -1.7
GMF SPDR S&P Emerging Asia Pacific ETF 15.2 49 0 8.2 +2.8
FLLA Franklin FTSE Latin America ETF 15.1 19 30 10.2 +4.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 14.8 45 4 8.0 +2.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 14.8 15 34 6.3 +0.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 14.7 39 10 13.7 +8.3
FLN First Trust Latin America AlphaDEX Fund 14.7 80 -31 8.9 +3.5
DFAE Dimensional Emerging Core Equity Market ETF 14.5 35 14 7.1 +1.7
FLAX Franklin FTSE Asia Ex Japan ETF 13.4 19 30 7.1 +1.7
XCNY SPDR S&P Emerging Markets ex-China ETF 13.4 15 34 6.0 +0.6
PATN Pacer Nasdaq International Patent Leaders ETF 13.4 65 -16 4.3 -1.1
LDEM iShares ESG MSCI EM Leaders ETF 13.1 17 32 10.9 +5.5
PXH Invesco FTSE RAFI Emerging Markets ETF 13.0 49 0 12.9 +7.5
MINV Matthews Asia Innovators Active ETF 13.0 79 -30 5.4 +0.0
DFEV Dimensional Emerging Markets Value ETF 12.7 43 6 9.8 +4.4
EWT iShares MSCI Taiwan ETF 12.6 58 -9 4.7 -0.8
FLTW Franklin FTSE Taiwan ETF 12.6 19 30 4.8 -0.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 12.2 59 -10 7.1 +1.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 12.1 38 11 7.1 +1.7
FDEM Fidelity Emerging Markets Multifactor ETF 12.1 25 24 10.2 +4.8
MEM Matthews Emerging Markets Equity Active ETF 12.0 79 -30 6.0 +0.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 11.6 29 20 7.6 +2.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 11.2 44 5 8.9 +3.5
EMMF WisdomTree Emerging Markets Multifactor Fund 11.2 48 1 5.8 +0.4
EPOL iShares MSCI Poland ETF 11.2 59 -10 9.0 +3.6
AIQ Global X Artificial Intelligence & Technology ETF 11.2 68 -19 3.1 -2.4
CARZ First Trust NASDAQ Global Auto Index Fund 10.9 70 -21 3.3 -2.1
AIVC Amplify Bloomberg AI Value Chain ETF 10.7 59 -10 4.3 -1.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 10.6 25 24 5.7 +0.3
AIS VistaShares Artificial Intelligence Supercycle ETF 10.5 75 -26 1.8 -3.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 10.5 40 9 5.9 +0.5
NUEM Nuveen ESG Emerging Markets Equity ETF 10.5 36 13 6.4 +1.0
RNEM First Trust Emerging Markets Equity Select ETF 10.3 75 -26 7.5 +2.1
DEM WisdomTree Emerging Markets High Dividend Fund 10.2 63 -14 11.2 +5.8
SPEM SPDR Portfolio Emerging Markets ETF 10.1 7 42 9.0 +3.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 9.9 41 8 6.8 +1.4
IMFL Invesco International Developed Dynamic Multifactor ETF 9.9 34 15 4.6 -0.8
SCHE Schwab Emerging Markets Equity ETF 9.6 11 38 9.2 +3.8
ILF iShares Latin America 40 ETF 9.4 48 1 9.2 +3.8
VPL Vanguard FTSE Pacific ETF 9.4 7 42 5.3 -0.1
GTEK Goldman Sachs Future Tech Leaders Equity ETF 9.4 75 -26 2.3 -3.1
DVYE iShares Emerging Markets Dividend ETF 9.3 49 0 15.6 +10.2
VWO Vanguard FTSE Emerging Markets ETF 9.3 7 42 8.8 +3.4
AVES Avantis Emerging Markets Value ETF 9.0 36 13 9.0 +3.6
WTAI WisdomTree Artificial Intelligence and Innovation Fund 8.9 45 4 2.1 -3.3
APIE ActivePassive International Equity ETF 8.6 45 4 6.2 +0.8
FDTX Fidelity Disruptive Technology ETF 8.5 50 -1 2.3 -3.1
NXTG First Trust Indxx NextG ETF 8.3 70 -21 4.2 -1.3
FDCF Fidelity Disruptive Communications ETF 8.2 50 -1 3.5 -1.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 8.2 95 -46 9.7 +4.3
EWZ iShares MSCI Brazil ETF 8.1 58 -9 10.2 +4.8
FLBR Franklin FTSE Brazil ETF 8.1 19 30 11.6 +6.2
CHAT Roundhill Generative AI & Technology ETF 8.0 75 -26 6.2 +0.8
CWI SPDR MSCI ACWI ex-US ETF 7.9 30 19 6.2 +0.8
EDIV SPDR S&P Emerging Markets Dividend ETF 7.8 49 0 8.2 +2.8
SMH VanEck Semiconductor ETF 7.8 35 14 2.6 -2.8
WUGI AXS Esoterica NextG Economy ETF 7.8 75 -26 2.4 -3.0
DINT Davis Select International ETF 7.8 55 -6 6.7 +1.3
OSEA Harbor International Compounders ETF 7.6 55 -6 4.3 -1.1
AOTG AOT Growth and Innovation ETF 7.3 75 -26 1.7 -3.7
FEOE First Eagle Overseas Equity ETF 7.1 79 -30 5.6 +0.2
VNSE Natixis Vaughan Nelson Select ETF 7.0 80 -31 4.1 -1.3
CGGO Capital Group Global Growth Equity ETF 7.0 47 2 3.8 -1.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 6.8 88 -39 7.2 +1.8
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.6 78 -29 8.4 +3.0
FEM First Trust Emerging Markets AlphaDEX Fund 6.6 80 -31 9.7 +4.3
GKAT Scharf Global Opportunity ETF 6.3 57 -8 5.5 +0.1
BGDV Bahl & Gaynor Dividend ETF 6.3 45 4 3.9 -1.5
VSGX Vanguard ESG International Stock ETF 6.2 10 39 6.4 +1.0
ASEA Global X FTSE Southeast Asia ETF 6.1 65 -16 5.2 -0.2
GFGF Guru Favorite Stocks ETF Guru Favorite Stocks Fund 6.1 65 -16 3.2 -2.2
IGPT Invesco AI and Next Gen Software ETF 6.1 60 -11 3.3 -2.1
EWM iShares MSCI Malaysia ETF 6.0 50 -1 5.4 +0.0
IQM Franklin Intelligent Machines ETF 6.0 50 -1 1.5 -3.9
ACWX iShares MSCI ACWI ex U.S. ETF 5.9 34 15 6.2 +0.8
PICK iShares MSCI Global Metals & Mining Producers ETF 5.9 39 10 8.0 +2.6
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.8 80 -31 7.4 +2.0
WWJD Inspire International ETF 5.7 80 -31 6.0 +0.6
METV Roundhill Ball Metaverse ETF 5.7 59 -10 8.6 +3.2
KNCT Invesco Next Gen Connectivity ETF 5.7 40 9 3.8 -1.6
IXN iShares Global Tech ETF 5.6 41 8 2.9 -2.5
RGEF Rockefeller Global Equity ETF 5.6 55 -6 3.9 -1.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 5.5 45 4 9.1 +3.7
VEU Vanguard FTSE All-World ex-US Index Fund 5.5 4 45 6.6 +1.2
CGXU Capital Group International Focus Equity ETF 5.5 54 -5 4.5 -0.9
AFK VanEck Africa Index ETF 5.4 98 -49 10.7 +5.3
FMET Fidelity Metaverse ETF 5.3 39 10 4.5 -0.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.3 41 8 6.2 +0.8
ABLG Abacus FCF International Leaders ETF 5.2 59 -10 5.7 +0.3
BKCI BNY Mellon Concentrated International ETF 5.2 80 -31 4.6 -0.8
DWLD Davis Select Worldwide ETF 5.2 63 -14 6.4 +1.0
IXUS iShares Core MSCI Total International Stock ETF 5.2 7 42 6.4 +1.0
FNDF Schwab Fundamental International Large Co. Index ETF 5.1 25 24 7.6 +2.2
VXUS Vanguard Total International Stock ETF 5.1 5 44 6.5 +1.1
JSTC Adasina Social Justice All Cap Global ETF 5.0 89 -40 4.2 -1.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 5.0 47 2 6.6 +1.2
MOTO SmartETFs Smart Transportation & Technology ETF 4.9 68 -19 5.3 -0.1
GVAL Cambria Global Value ETF 4.9 68 -19 8.5 +3.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 4.9 18 31 6.2 +0.8
IVES Wedbush ETFMG Global Cloud Technology ETF 4.9 68 -19 5.1 -0.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 4.8 90 -41 4.2 -1.2
FEGE First Eagle Global Equity ETF 4.8 79 -30 5.4 -0.0
TDIV First Trust NASDAQ Technology Dividend Index Fund 4.8 50 -1 4.7 -0.7
JIG JPMorgan International Growth ETF 4.8 55 -6 3.9 -1.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 4.7 30 19 6.2 +0.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.6 60 -11 9.2 +3.8
VYMI Vanguard International High Dividend Yield ETF 4.6 17 32 7.6 +2.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 4.6 60 -11 9.1 +3.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 4.6 65 -16 1.7 -3.7
EZA iShares MSCI South Africa ETF 4.6 58 -9 7.6 +2.2
CGDG Capital Group Dividend Growers ETF 4.6 47 2 5.2 -0.2
SOXX iShares Semiconductor ETF 4.5 35 14 2.9 -2.5
TINY ProShares Nanotechnology ETF 4.4 58 -9 2.6 -2.9
SOXQ Invesco PHLX Semiconductor ETF 4.3 19 30 2.9 -2.6
TMFG Motley Fool Global Opportunities ETF 4.3 85 -36 3.7 -1.7
OTGL OTG Latin America ETF 4.3 269 -220 6.3 +0.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.2 65 -16 7.1 +1.7
LIVR Intelligent Livermore ETF 4.2 69 -20 3.0 -2.4
DOL WisdomTree International LargeCap Dividend Fund 4.0 48 1 5.7 +0.3
EEMO Invesco S&P Emerging Markets Momentum ETF 4.0 29 20 6.8 +1.4
EYLD Cambria Emerging Shareholder Yield ETF 3.9 66 -17 9.8 +4.4
IQDF FlexShares International Quality Dividend Index Fund 3.9 47 2 7.1 +1.7
DIVS SmartETFs Dividend Builder ETF 3.8 65 -16 4.3 -1.1
FFOG Franklin Focused Growth ETF 3.8 61 -12 2.1 -3.3
HFXI IQ FTSE International Equity Currency Neutral ETF 3.8 20 29 5.7 +0.3
VIDI Vident International Equity Strategy ETF 3.8 61 -12 8.6 +3.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.8 45 4 6.9 +1.5
SCHF Schwab International Equity ETF 3.8 6 43 5.9 +0.5
RFFC ALPS Active Equity Opportunity ETF 3.8 48 1 3.6 -1.8
QTUM Defiance Quantum ETF 3.8 40 9 4.3 -1.1
ARTY iShares Future AI & Tech ETF 3.7 47 2 2.8 -2.6
ITOL Tema International Durable Quality ETF 3.6 60 -11 4.7 -0.7
LRGE ClearBridge Large Cap Growth ESG ETF 3.6 59 -10 3.6 -1.8
VEA Vanguard FTSE Developed Markets ETF 3.6 3 46 5.8 +0.4
AADR AdvisorShares Dorsey Wright ADR ETF 3.5 110 -61 3.7 -1.7
XNTK State Street SPDR NYSE Technology ETF 3.5 35 14 3.0 -2.4
GINX SGI Enhanced Global Income ETF 3.5 98 -49 6.5 +1.1
ARVR First Trust Indxx Metaverse ETF 3.5 70 -21 3.7 -1.7
ARKW ARK Next Generation Internet ETF 3.4 87 -38 0.9 -4.5
BLES Inspire Global Hope ETF 3.4 61 -12 5.8 +0.4
BRAZ Global X Brazil Active ETF 3.4 75 -26 9.0 +3.6
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 3.4 65 -16 4.2 -1.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.3 46 3 7.6 +2.2
PRAY FIS Christian Stock Fund 3.3 69 -20 4.2 -1.2
DWX SPDR S&P International Dividend ETF 3.2 45 4 6.4 +1.0
DARP Grizzle Growth ETF 3.1 75 -26 1.9 -3.5
BGIG Bahl & Gaynor Income Growth ETF 2.9 45 4 4.5 -1.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.9 80 -31 6.7 +1.3
ROBO ROBO Global Robotics & Automation Index ETF 2.8 95 -46 2.6 -2.8
ARKQ ARK Autonomous Technology & Robotics ETF 2.8 75 -26 0.9 -4.6
BKF iShares MSCI BIC ETF 2.8 69 -20 11.7 +6.3
SFYF SoFi Social 50 ETF 2.8 29 20 0.9 -4.5
LOGO Alpha Brands Consumption Leaders ETF 2.7 69 -20 2.7 -2.7
YNOT Horizon Digital Frontier ETF 2.6 75 -26 2.6 -2.8
PCGG Polen Capital Global Growth ETF 2.6 85 -36 3.8 -1.6
EPU iShares MSCI Peru and Global Exposure ETF 2.6 59 -10 3.8 -1.6
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.6 67 -18 12.7 +7.3
CLNR IQ Cleaner Transport ETF 2.5 45 4 4.9 -0.5
IBAT iShares Energy Storage & Materials ETF 2.5 47 2 2.2 -3.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.5 9 40 4.8 -0.6
CGIE Capital Group International Equity ETF 2.3 54 -5 4.2 -1.2
OCEN IQ Clean Oceans ETF 2.3 45 4 5.1 -0.3
POW VistaShares Electrification Supercycle ETF 2.3 75 -26 2.5 -2.9
CGGR Capital Group Growth ETF 2.3 39 10 2.9 -2.6
DTCR Global X Data Center & Digital Infrastructure ETF 2.3 50 -1 2.9 -2.5
ACWI iShares MSCI ACWI ETF 2.2 32 17 4.7 -0.8
HAP VanEck Natural Resources ETF 2.2 50 -1 7.0 +1.6
GVIP Goldman Sachs Hedge Industry VIP ETF 2.1 45 4 2.7 -2.7
TIIV AAM Todd International Intrinsic Value ETF 2.1 54 -5 9.3 +3.9
IDOG ALPS International Sector Dividend Dogs ETF 2.1 50 -1 9.9 +4.5
SNSR Global X Internet of Things ETF 2.1 68 -19 4.0 -1.4
FFTY Innovator IBD 50 ETF 2.1 80 -31 -1.7 -7.1
HGRO Hedgeye Quality Growth ETF 2.0 70 -21 2.9 -2.5
FCLD Fidelity Cloud Computing ETF 2.0 39 10 3.1 -2.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.0 45 4 1.6 -3.8
IDHQ Invesco S&P International Developed High Quality ETF 2.0 29 20 5.1 -0.3
FSST Fidelity Sustainable U.S. Equity ETF 2.0 59 -10 3.7 -1.7
VT Vanguard Total World Stock ETF 1.9 6 43 5.0 -0.4
EPHE iShares MSCI Philippines ETF 1.9 59 -10 0.0 -5.4
EWW iShares MSCI Mexico ETF 1.9 50 -1 7.2 +1.8
FLMX Franklin FTSE Mexico ETF 1.9 19 30 7.8 +2.4
WRND IQ Global Equity R&D Leaders ETF 1.9 18 31 6.5 +1.1
IGRO iShares International Dividend Growth ETF 1.9 15 34 6.0 +0.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.8 20 29 4.7 -0.7
LOWV AB US Low Volatility Equity ETF 1.8 48 1 4.7 -0.7
KOCG FIS Knights of Columbus Global Belief ETF 1.8 75 -26 4.4 -1.0
UIVM VictoryShares International Value Momentum ETF 1.8 35 14 7.0 +1.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.7 47 2 5.4 -0.0
BLOK Amplify Transformational Data Sharing ETF 1.7 75 -26 0.4 -5.0
ARKK ARK Innovation ETF 1.7 75 -26 -3.0 -8.4
ARGT Global X MSCI Argentina ETF 1.6 59 -10 3.0 -2.4
SPDW SPDR Portfolio Developed World ex-US ETF 1.6 3 46 5.7 +0.3
LRGC AB US Large Cap Strategic Equities ETF 1.6 48 1 3.9 -1.5
SDIV Global X Superdividend ETF 1.6 58 -9 14.8 +9.4
SWP SWP Growth & Income ETF 1.6 99 -50 3.6 -1.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.6 58 -9 8.0 +2.6
CIL VictoryShares International Volatility Wtd ETF 1.6 45 4 5.6 +0.2
JPIN J.P. Morgan Diversified Return International Equity ETF 1.5 37 12 6.8 +1.4
FFLC Fidelity Fundamental Large Cap Core ETF 1.5 38 11 3.8 -1.6
KLMT Invesco MSCI Global Climate 500 ETF 1.5 10 39 4.9 -0.5
BWEB Bitwise Web3 ETF 1.5 85 -36 0.0 -5.4
GMET VanEck Green Metals ETF 1.5 63 -14 5.1 -0.3
ACWV iShares MSCI Global Min Vol Factor ETF 1.5 20 29 5.2 -0.2
IOO iShares Global 100 ETF 1.4 41 8 3.9 -1.5
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.4 70 -21 10.9 +5.5
DMAT Global X Disruptive Materials ETF 1.4 59 -10 4.8 -0.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.4 12 37 4.4 -1.1
ICPY Tweedy, Browne International Insider Value ETF 1.4 80 -31 9.5 +4.1
FFND Future Fund Active ETF 1.4 100 -51 3.2 -2.2
GDX VanEck Gold Miners ETF 1.3 51 -2 2.3 -3.1
GLOF iShares Global Equity Factor ETF 1.3 20 29 5.8 +0.4
EIDO iShares MSCI Indonesia ETF 1.3 59 -10 7.8 +2.4
IDX VanEck Indonesia Index ETF 1.3 57 -8 7.3 +1.9
DGT State Street SPDR Global Dow ETF 1.3 50 -1 5.7 +0.3
PBD Invesco Global Clean Energy ETF 1.3 75 -26 0.6 -4.8
TPIF Timothy Plan International ETF 1.3 62 -13 5.1 -0.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.3 42 7 5.5 +0.1
CGDV Capital Group Dividend Value ETF 1.2 33 16 3.9 -1.5
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.2 10 39 6.0 +0.6
DSTX Distillate International Fundamental Stability & Value ETF 1.2 55 -6 6.4 +1.0
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.1 61 -12 2.2 -3.2
ABLD Abacus FCF Real Assets Leaders ETF 1.1 69 -20 5.8 +0.4
FBCG Fidelity Blue Chip Growth ETF 1.1 59 -10 2.3 -3.1
ARKX ARK Space Exploration & Innovation ETF 1.1 75 -26 0.1 -5.3
RXI iShares Global Consumer Discretionary ETF 1.1 41 8 7.3 +1.9
IXG iShares Global Financials ETF 1.1 42 7 5.8 +0.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.1 60 -11 7.3 +1.9
COLO Global X MSCI Colombia ETF 1.0 62 -13 15.5 +10.1
JGRO JPMorgan Active Growth ETF 1.0 44 5 3.0 -2.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.0 70 -21 6.4 +1.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.0 49 0 5.8 +0.4
GNR SPDR S&P Global Natural Resources ETF 1.0 40 9 8.3 +2.9
SGDM Sprott Gold Miners ETF 1.0 50 -1 1.9 -3.5
AUMI Themes Gold Miners ETF 1.0 35 14 2.4 -3.1
GPT Intelligent Alpha Atlas ETF 1.0 69 -20 4.7 -0.7
GINN Goldman Sachs Innovate Equity ETF 1.0 52 -3 3.3 -2.1
FPXI First Trust International Equity Opportunities ETF 1.0 70 -21 3.3 -2.1
COPY Tweedy, Browne Insider + Value ETF 1.0 80 -31 9.7 +4.3
BNGE First Trust S-Network Streaming and Gaming ETF 1.0 70 -21 2.8 -2.6
ESPO VanEck Video Gaming and eSports ETF 1.0 56 -7 5.4 -0.1
HERO Global X Video Games & Esports ETF 1.0 50 -1 4.6 -0.8
NERD Roundhill Video Games ETF 1.0 50 -1 6.8 +1.4
OND ProShares On-Demand ETF 1.0 58 -9 -0.6 -6.0
ODDS Pacer BlueStar Digital Entertainment ETF 1.0 60 -11 3.3 -2.1
TTAI FCF International Quality ETF 1.0 59 -10 6.5 +1.1
KAT Scharf ETF 1.0 87 -38 4.7 -0.7
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.9 61 -12 -0.6 -6.0
OBOR KraneShares MSCI One Belt One Road Index ETF 0.9 79 -30 6.8 +1.4
ION ProShares S&P Global Core Battery Metals ETF 0.9 58 -9 5.4 +0.0
XT iShares Exponential Technologies ETF 0.9 46 3 4.2 -1.2
JGLO JPMorgan Global Select Equity ETF 0.9 33 16 4.3 -1.1
WGMI Valkyrie Bitcoin Miners ETF 0.8 75 -26 -4.2 -9.6
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.8 12 37 7.6 +2.2
IXP iShares Global Comm Services ETF 0.8 42 7 5.2 -0.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.8 65 -16 9.1 +3.7
DEW WisdomTree Global High Dividend Fund 0.8 58 -9 7.0 +1.6
AQWA Global X Clean Water ETF 0.8 50 -1 4.4 -1.0
CGW Invesco S&P Global Water Index ETF 0.8 57 -8 4.1 -1.3
PIO Invesco Global Water ETF 0.8 75 -26 3.7 -1.7
VCLN Virtus Duff & Phelps Clean Energy ETF 0.8 59 -10 3.4 -2.0
EFRA iShares Environmental Infrastructure and Industrials ETF 0.8 47 2 4.6 -0.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.8 39 10 4.9 -0.5
BATT Amplify Lithium & Battery Technology ETF 0.8 59 -10 1.6 -3.9
EXI iShares Global Industrials ETF 0.8 42 7 3.5 -2.0
SCHC Schwab International Small-Cap Equity ETF 0.8 11 38 6.4 +1.0
GEW Cambria Global EW ETF 0.8 29 20 5.3 -0.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.8 24 25 6.0 +0.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.7 8 41 6.2 +0.8
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.7 42 7 8.2 +2.8
RWX SPDR Dow Jones International Real Estate ETF 0.7 59 -10 6.3 +0.9
SCHY Schwab International Dividend Equity ETF 0.7 14 35 8.1 +2.7
BINV Brandes International ETF 0.7 70 -21 7.7 +2.3
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 0.7 58 -9 7.0 +1.6
FDLS Inspire Fidelis Multi Factor ETF 0.7 76 -27 3.9 -1.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.7 58 -9 3.4 -2.0
SRVR Pacer Data & Infrastructure Real Estate ETF 0.7 55 -6 4.0 -1.4
HUMN Roundhill Humanoid Robotics ETF 0.6 75 -26 0.9 -4.5
CCNR ALPS CoreCommodity Natural Resources ETF 0.6 39 10 6.7 +1.3
JXI iShares Global Utilities ETF 0.6 43 6 5.1 -0.3
ICLN iShares Global Clean Energy ETF 0.6 41 8 2.6 -2.8
ERTH Invesco MSCI Sustainable Future ETF 0.6 62 -13 3.0 -2.4
FPAG FPA Global Equity ETF 0.6 49 0 4.8 -0.6
MXI iShares Global Materials ETF 0.6 41 8 5.7 +0.3
CGUS Capital Group Core Equity ETF 0.6 33 16 3.8 -1.6
ICOP iShares Copper and Metals Mining ETF 0.6 47 2 5.2 -0.2
OAIM OneAscent International Equity ETF 0.6 95 -46 4.3 -1.1
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.5 70 -21 3.1 -2.3
CGV Conductor Global Equity Value ETF 0.5 130 -81 6.4 +1.0
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.5 80 -31 3.2 -2.2
VIGI Vanguard International Dividend Appreciation ETF 0.5 10 39 5.6 +0.2
TRFM AAM Transformers ETF 0.5 49 0 1.0 -4.4
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.5 68 -19 6.2 +0.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.4 86 -37 12.8 +7.4
FDNI First Trust Dow Jones International Internet ETF 0.4 65 -16 21.0 +15.6
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.4 86 -37 0.4 -5.0
ISHP First Trust Nasdaq Retail ETF 0.4 60 -11 5.5 +0.1
SOCL Global X Social Media ETF 0.4 65 -16 10.2 +4.8
SHPP Pacer Industrials and Logistics ETF 0.4 60 -11 7.0 +1.6
RCGE RockCreek Global Equality ETF 0.4 95 -46 5.9 +0.5
SLVP iShares MSCI Global Silver Miners ETF 0.4 39 10 2.9 -2.5
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.4 80 -31 12.2 +6.8
AGNG Global X Aging Population ETF 0.4 50 -1 3.9 -1.5
IXJ iShares Global Healthcare ETF 0.4 42 7 5.7 +0.3
URA Global X Uranium ETF 0.4 69 -20 0.7 -4.7
IPAV Global X Infrastructure Development ex-U.S. ETF 0.4 55 -6 5.3 -0.1
CUT Invesco MSCI Global Timber ETF 0.4 61 -12 9.4 +4.0
WOOD iShares Global Timber & Forestry ETF 0.4 42 7 11.2 +5.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.3 56 -7 9.3 +3.9
GCOW Pacer Global Cash Cows Dividend ETF 0.3 60 -11 8.9 +3.5
IDV iShares International Select Dividend ETF 0.3 51 -2 8.8 +3.4
KXI iShares Global Consumer Staples ETF 0.3 41 8 4.8 -0.6
GDXJ VanEck Junior Gold Miners ETF 0.3 52 -3 2.1 -3.3
JETS U.S. Global Jets ETF 0.3 60 -11 1.9 -3.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 10 6.4 +1.0
SHLD Global X Defense Tech ETF 0.3 50 -1 2.4 -3.0
HART IQ Healthy Hearts ETF 0.3 45 4 5.4 +0.0
VGK Vanguard FTSE Europe ETF 0.3 6 43 6.2 +0.8
SPEU SPDR Portfolio Europe ETF 0.3 7 42 6.1 +0.7
ANEW ProShares MSCI Transformational Changes ETF 0.3 45 4 4.8 -0.6
RING iShares MSCI Global Gold Miners ETF 0.2 39 10 2.7 -2.7
IQSI IQ Candriam International Equity ETF 0.2 15 34 5.4 -0.0
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 -11 4.7 -0.7
RWO SPDR Dow Jones Global Real Estate ETF 0.2 50 -1 6.4 +1.0
DRIV Global X Autonomous & Electric Vehicles ETF 0.2 68 -19 4.0 -1.4
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.2 39 10 -1.2 -6.6
IDRV iShares Self-driving EV & Tech ETF 0.2 47 2 3.1 -2.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.2 72 -23 -1.3 -6.7
LIT Global X Lithium & Battery Tech ETF 0.2 75 -26 5.3 -0.1
SDG iShares MSCI Global Sustainable Development Goals ETF 0.2 49 0 4.7 -0.7
SMOG VanEck Low Carbon Energy ETF 0.2 61 -12 1.3 -4.1
EV Mast Global Battery Recycling & Production ETF 0.2 65 -16 7.2 +1.8
IQRA IQ CBRE Real Assets ETF 0.2 65 -16 5.1 -0.3
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 40 6.0 +0.6
GOEX Global X Gold Explorers ETF 0.2 65 -16 1.4 -4.0
SIL Global X Silver Miners ETF 0.2 65 -16 1.2 -4.2
SILJ ETFMG Prime Junior Silver Miners ETF 0.2 69 -20 0.1 -5.3
AGMI Themes Silver Miners ETF 0.2 35 14 2.7 -2.7
INTF iShares International Equity Factor ETF 0.2 15 34 6.2 +0.8
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 29 5.6 +0.2
FLEE Franklin FTSE Europe ETF 0.2 9 40 6.0 +0.6
BKIE BNY Mellon International Equity ETF 0.1 4 45 5.8 +0.4
BMED Future Health ETF 0.1 85 -36 0.2 -5.2
HELX Franklin Genomic Advancements ETF 0.1 50 -1 -0.4 -5.8
EMIF iShares Emerging Markets Infrastructure ETF 0.1 60 -11 2.8 -2.7
GII SPDR S&P Global Infrastructure ETF 0.1 40 9 4.1 -1.3
IGF iShares Global Infrastructure ETF 0.1 41 8 4.1 -1.3
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 3 5.0 -0.4
MOO VanEck Agribusiness ETF 0.1 53 -4 8.7 +3.3
VEGI iShares MSCI Agriculture Producers ETF 0.1 39 10 7.4 +2.0
DFIV Dimensional International Value ETF 0.1 27 22 7.5 +2.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 7 4.6 -0.8
DXIV Dimensional International Vector Equity ETF 0.0 34 15 6.2 +0.8
AVDE Avantis International Equity ETF 0.0 23 26 6.0 +0.6
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 40 6.5 +1.1
AVSD Avantis Responsible International Equity ETF 0.0 23 26 4.4 -1.0
DFAI Dimensional International Core Equity Market ETF 0.0 18 31 5.7 +0.3
DFIC Dimensional International Core Equity 2 ETF 0.0 23 26 6.0 +0.6
DIHP Dimensional International High Profitability ETF 0.0 29 20 5.5 +0.1
EBI Longview Advantage ETF 0.0 35 14 5.6 +0.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -16 7.0 +1.6
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 0.0 65 -16 -1.1 -6.5

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 13.4 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 5.4 %
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.