Freedom 100 Emerging Markets ETF
ALTAR
Score™		 7.3% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 14.4x P/Sales
ratio		 1.2x
P/BV
ratio		 1.9x Div.
yield		 3.0%


  • 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) $1,700
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 10.4 %
TAIWAN SEMICONDUCTOR-SP ADR 7.8 %
HYNIX SEMICONDUCTOR INC 6.1 %
S.A.C.I. FALABELLA 4.2 %
BANCO DE CHILE 4.1 %
BANK PEKAO SA 3.6 %
HON HAI PRECISION INDUSTRY 3.1 %
LAN AIRLINES SA 2.9 %
VALE SA 2.6 %
BANCO DE CREDITO E INVERSION 2.3 %
Total 47.1 %

TOP COUNTRY EXPOSURE
SOUTH KOREA 21.0 %
TAIWAN 19.7 %
CHILE 18.8 %
POLAND 10.4 %
BRAZIL 7.2 %
SOUTH AFRICA 6.4 %
MALAYSIA 4.9 %
MEXICO 1.8 %
INDONESIA 1.8 %
INDIA 1.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
47.9% 45.0% 12.5% -- 12.6%

Market Correlations
versus... Beta R-squared
S&P500 0.80 58%
MSCI EAFE 0.98 63%
MSCI Emg. Mkts. 1.02 78%

Technical Indicators
Recent close $48.78
30d moving avg. $47.49
Annualized volatility 17.4%
Short interest (ETF) 0.2%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 167
Turnover 0.5%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $2,833

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 380 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™: 7.3%


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 32.3 75 -26 9.1 +1.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 29.0 24 25 7.3 -0.0
EMDM First Trust Bloomberg Emerging Market Democracies ETF 26.5 75 -26 10.0 +2.7
STXE Strive Emerging Markets Ex-China ETF 24.9 32 17 7.4 +0.1
XCEM Columbia EM Core ex-China ETF 24.7 16 33 7.6 +0.3
ECON Columbia Emerging Markets Consumer ETF 23.2 49 0 11.5 +4.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 22.6 33 16 7.9 +0.6
XC WisdomTree Emerging Markets Ex-China Fund 22.0 32 17 5.7 -1.7
AVEM Avantis Emerging Markets Equity ETF 20.6 33 16 8.1 +0.8
FLKR Franklin FTSE South Korea ETF 20.5 9 40 7.0 -0.3
EWY iShares MSCI South Korea ETF 20.5 58 -9 6.4 -0.9
AIA iShares Asia 50 ETF 20.5 50 -1 12.6 +5.3
EMXC iShares MSCI Emerging Markets ex China ETF 20.1 25 24 6.9 -0.4
EMM Global X Emerging Markets ex-China ETF 19.8 75 -26 6.8 -0.5
ECH iShares MSCI Chile ETF 18.4 58 -9 7.2 -0.1
AVSE Avantis Responsible Emerging Markets Equity ETF 18.4 33 16 7.8 +0.5
EMC Global X Emerging Markets Great Consumer ETF 18.0 75 -26 8.6 +1.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 17.8 35 14 12.5 +5.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 17.5 15 34 7.4 +0.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 17.3 32 17 8.5 +1.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 16.5 32 17 6.3 -1.0
JHEM John Hancock Multifactor Emerging Markets ETF 16.3 49 0 9.4 +2.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 16.1 33 16 9.3 +2.0
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 16.1 88 -39 8.8 +1.4
JADE JPMorgan Active Developing Markets Equity ETF 15.8 65 -16 7.7 +0.4
MEM Matthews Emerging Markets Equity Active ETF 15.8 79 -30 7.3 -0.1
CHPX Global X AI Semiconductor & Quantum ETF 15.8 50 -1 3.3 -4.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 15.5 50 -1 10.2 +2.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 15.4 20 29 27,699.8 +27,692.5
GMF SPDR S&P Emerging Asia Pacific ETF 15.4 49 0 9.4 +2.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 15.1 30 19 9.6 +2.2
EMXF iShares ESG Advanced MSCI EM ETF 14.9 16 33 7.9 +0.6
ROAM Hartford Multifactor Emerging Markets ETF 14.9 44 5 11.2 +3.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 14.2 66 -17 9.0 +1.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 14.2 15 34 9.5 +2.2
EEM iShares MSCI Emerging Markets ETF 14.1 69 -20 9.5 +2.1
EMGF iShares Emerging Markets Equity Factor ETF 14.1 25 24 10.8 +3.5
FLN First Trust Latin America AlphaDEX Fund 14.1 80 -31 11.8 +4.5
DEXC Dimensional Emerging Markets ex China Core EquityETF 14.0 53 -4 7.2 -0.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 14.0 30 19 8.4 +1.1
BKEM BNY Mellon Emerging Markets Equity ETF 13.7 11 38 9.2 +1.9
UMMA Wahed Dow Jones Islamic World ETF 13.5 65 -16 4.7 -2.6
IVES Wedbush ETFMG Global Cloud Technology ETF 13.5 68 -19 5.9 -1.4
EEMA iShares MSCI Emerging Markets Asia ETF 13.5 49 0 9.2 +1.8
ESGE iShares ESG Aware MSCI EM ETF 13.1 25 24 9.7 +2.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 13.1 45 4 9.6 +2.3
DEHP Dimensional Emerging Markets High Profitability ETF 13.1 41 8 6.4 -1.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 13.0 36 13 9.1 +1.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 12.8 39 10 15.5 +8.2
DFAE Dimensional Emerging Core Equity Market ETF 12.6 35 14 8.6 +1.3
FDEM Fidelity Emerging Markets Multifactor ETF 12.6 25 24 12.2 +4.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 12.4 70 -21 8.4 +1.1
IEMG iShares Core MSCI Emerging Markets ETF 12.1 9 40 9.8 +2.5
PXH Invesco FTSE RAFI Emerging Markets ETF 12.1 49 0 14.8 +7.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 12.0 29 20 8.8 +1.5
DFEV Dimensional Emerging Markets Value ETF 11.8 43 6 11.7 +4.4
AIS VistaShares Artificial Intelligence Supercycle ETF 11.6 75 -26 2.7 -4.7
FLLA Franklin FTSE Latin America ETF 11.5 19 30 12.8 +5.5
FLAX Franklin FTSE Asia Ex Japan ETF 11.4 19 30 8.4 +1.1
FLTW Franklin FTSE Taiwan ETF 11.3 19 30 5.8 -1.5
EWT iShares MSCI Taiwan ETF 11.3 58 -9 5.5 -1.8
XCNY SPDR S&P Emerging Markets ex-China ETF 11.2 15 34 7.2 -0.2
DEM WisdomTree Emerging Markets High Dividend Fund 11.2 63 -14 12.7 +5.3
PATN Pacer Nasdaq International Patent Leaders ETF 11.1 65 -16 5.3 -2.0
WTAI WisdomTree Artificial Intelligence and Innovation Fund 11.0 45 4 2.5 -4.8
CARZ First Trust NASDAQ Global Auto Index Fund 10.7 70 -21 4.0 -3.4
NUEM Nuveen ESG Emerging Markets Equity ETF 10.6 36 13 7.2 -0.1
AIVC Amplify Bloomberg AI Value Chain ETF 10.5 59 -10 5.6 -1.7
EPOL iShares MSCI Poland ETF 10.4 59 -10 11.3 +4.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 10.4 38 11 8.6 +1.3
FDTX Fidelity Disruptive Technology ETF 10.3 50 -1 2.6 -4.7
APIE ActivePassive International Equity ETF 10.3 45 4 7.1 -0.3
IMFL Invesco International Developed Dynamic Multifactor ETF 10.1 34 15 5.8 -1.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 9.9 59 -10 8.4 +1.1
LDEM iShares ESG MSCI EM Leaders ETF 9.9 17 32 12.8 +5.5
AVES Avantis Emerging Markets Value ETF 9.9 36 13 10.5 +3.2
SPEM SPDR Portfolio Emerging Markets ETF 9.7 7 42 10.4 +3.1
AIQ Global X Artificial Intelligence & Technology ETF 9.7 68 -19 3.5 -3.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 9.7 44 5 10.3 +3.0
ILF iShares Latin America 40 ETF 9.5 48 1 11.9 +4.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 8.8 25 24 6.3 -1.1
EMMF WisdomTree Emerging Markets Multifactor Fund 8.7 48 1 6.9 -0.4
MINV Matthews Asia Innovators Active ETF 8.7 79 -30 7.0 -0.3
RNEM First Trust Emerging Markets Equity Select ETF 8.2 75 -26 8.4 +1.1
SCHE Schwab Emerging Markets Equity ETF 8.1 11 38 10.6 +3.3
FEOE First Eagle Overseas Equity ETF 8.0 79 -30 6.8 -0.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 7.8 78 -29 9.0 +1.7
EDIV SPDR S&P Emerging Markets Dividend ETF 7.8 49 0 9.4 +2.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 7.8 40 9 6.7 -0.7
UEVM VictoryShares Emerging Markets Value Momentum ETF 7.8 45 4 10.0 +2.7
WUGI AXS Esoterica NextG Economy ETF 7.8 75 -26 2.3 -5.1
SMH VanEck Semiconductor ETF 7.8 35 14 3.4 -3.9
NXTG First Trust Indxx NextG ETF 7.7 70 -21 4.8 -2.5
OSEA Harbor International Compounders ETF 7.7 55 -6 4.8 -2.5
CWI SPDR MSCI ACWI ex-US ETF 7.7 30 19 7.3 +0.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 7.5 41 8 8.1 +0.8
VWO Vanguard FTSE Emerging Markets ETF 7.5 7 42 10.2 +2.9
DVYE iShares Emerging Markets Dividend ETF 7.3 49 0 18.1 +10.8
CGGO Capital Group Global Growth Equity ETF 7.2 47 2 4.4 -2.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 7.2 65 -16 10.6 +3.3
IQM Franklin Intelligent Machines ETF 7.2 50 -1 2.0 -5.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 7.2 95 -46 11.7 +4.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 7.1 75 -26 2.9 -4.4
MOTO SmartETFs Smart Transportation & Technology ETF 6.8 68 -19 6.3 -1.0
VNSE Natixis Vaughan Nelson Select ETF 6.7 80 -31 4.8 -2.6
WRND IQ Global Equity R&D Leaders ETF 6.5 18 31 7.5 +0.2
FDCF Fidelity Disruptive Communications ETF 6.5 50 -1 3.9 -3.5
CHAT Roundhill Generative AI & Technology ETF 6.4 75 -26 7.7 +0.4
VPL Vanguard FTSE Pacific ETF 6.4 7 42 6.3 -1.1
AFK VanEck Africa Index ETF 6.4 98 -49 14.0 +6.7
IGPT Invesco AI and Next Gen Software ETF 6.1 60 -11 4.3 -3.0
BGDV Bahl & Gaynor Dividend ETF 6.0 45 4 4.7 -2.7
JIG JPMorgan International Growth ETF 6.0 55 -6 4.7 -2.7
BKCI BNY Mellon Concentrated International ETF 6.0 80 -31 5.1 -2.3
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 5.9 60 -11 10.7 +3.4
KNCT Invesco Next Gen Connectivity ETF 5.7 40 9 4.6 -2.8
FMET Fidelity Metaverse ETF 5.7 39 10 4.7 -2.6
DINT Davis Select International ETF 5.7 55 -6 7.7 +0.4
AOTG AOT Growth and Innovation ETF 5.6 75 -26 2.0 -5.4
ASEA Global X FTSE Southeast Asia ETF 5.6 65 -16 6.1 -1.2
FEGE First Eagle Global Equity ETF 5.5 79 -30 6.5 -0.9
METV Roundhill Ball Metaverse ETF 5.4 59 -10 9.0 +1.6
FEM First Trust Emerging Markets AlphaDEX Fund 5.3 80 -31 11.4 +4.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.2 80 -31 9.3 +2.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 5.2 47 2 7.7 +0.4
TINY ProShares Nanotechnology ETF 5.2 58 -9 3.5 -3.8
GVAL Cambria Global Value ETF 5.1 68 -19 10.5 +3.1
OTGL OTG Latin America ETF 5.1 269 -220 8.5 +1.2
CGDG Capital Group Dividend Growers ETF 5.0 47 2 6.0 -1.3
GFGF Guru Favorite Stocks ETF Guru Favorite Stocks Fund 5.0 65 -16 3.8 -3.6
EZA iShares MSCI South Africa ETF 5.0 58 -9 9.6 +2.3
WWJD Inspire International ETF 4.9 80 -31 7.1 -0.2
TDIV First Trust NASDAQ Technology Dividend Index Fund 4.9 50 -1 5.4 -2.0
EWM iShares MSCI Malaysia ETF 4.9 50 -1 6.4 -0.9
FLBR Franklin FTSE Brazil ETF 4.7 19 30 14.6 +7.2
EWZ iShares MSCI Brazil ETF 4.7 58 -9 13.1 +5.8
GKAT Scharf Global Opportunity ETF 4.7 57 -8 6.4 -0.9
ABLG Abacus FCF International Leaders ETF 4.7 59 -10 6.5 -0.8
VSGX Vanguard ESG International Stock ETF 4.7 10 39 7.5 +0.2
JIVE JPMorgan International Value ETF 4.6 55 -6 10.7 +3.3
DSTX Distillate International Fundamental Stability & Value ETF 4.6 55 -6 7.6 +0.2
VIDI Vident International Equity Strategy ETF 4.6 61 -12 10.3 +3.0
LIVR Intelligent Livermore ETF 4.5 69 -20 3.5 -3.8
DWLD Davis Select Worldwide ETF 4.5 63 -14 7.1 -0.2
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 4.4 65 -16 1.9 -5.5
SOXX iShares Semiconductor ETF 4.4 35 14 3.8 -3.5
ACWX iShares MSCI ACWI ex U.S. ETF 4.4 34 15 7.3 -0.1
SOXQ Invesco PHLX Semiconductor ETF 4.3 19 30 3.7 -3.7
VEU Vanguard FTSE All-World ex-US Index Fund 4.3 4 45 7.6 +0.3
RGEF Rockefeller Global Equity ETF 4.3 55 -6 4.6 -2.8
RFFC ALPS Active Equity Opportunity ETF 4.2 48 1 4.4 -2.9
EYLD Cambria Emerging Shareholder Yield ETF 4.2 66 -17 11.6 +4.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.1 65 -16 7.9 +0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.1 41 8 7.1 -0.2
VYMI Vanguard International High Dividend Yield ETF 4.1 17 32 9.0 +1.7
IXN iShares Global Tech ETF 4.0 41 8 3.5 -3.8
FNDF Schwab Fundamental International Large Co. Index ETF 4.0 25 24 8.9 +1.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 4.0 18 31 7.3 -0.1
QTUM Defiance Quantum ETF 4.0 40 9 5.0 -2.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.9 30 19 7.4 +0.1
VXUS Vanguard Total International Stock ETF 3.8 5 44 7.6 +0.3
IXUS iShares Core MSCI Total International Stock ETF 3.8 7 42 7.5 +0.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.8 45 4 8.3 +1.0
SSPX Janus Henderson U.S. Sustainable Equity ETF 3.7 55 -6 4.6 -2.7
JSTC Adasina Social Justice All Cap Global ETF 3.7 89 -40 4.8 -2.6
PICK iShares MSCI Global Metals & Mining Producers ETF 3.7 39 10 10.5 +3.2
IQDF FlexShares International Quality Dividend Index Fund 3.7 47 2 8.4 +1.1
RODE Hartford Multifactor Diversified International ETF 3.6 29 20 10.3 +3.0
TIIV AAM Todd International Intrinsic Value ETF 3.5 54 -5 11.1 +3.8
LOGO Alpha Brands Consumption Leaders ETF 3.5 69 -20 3.1 -4.3
TMFG Motley Fool Global Opportunities ETF 3.5 85 -36 4.0 -3.3
DWX SPDR S&P International Dividend ETF 3.4 45 4 7.2 -0.2
FFOG Franklin Focused Growth ETF 3.4 61 -12 2.5 -4.8
BRAZ Global X Brazil Active ETF 3.4 75 -26 11.9 +4.6
DARP Grizzle Growth ETF 3.3 75 -26 2.7 -4.6
ITOL Tema International Durable Quality ETF 3.3 60 -11 5.7 -1.6
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 3.3 65 -16 4.9 -2.4
DIVS SmartETFs Dividend Builder ETF 3.2 65 -16 5.0 -2.3
XNTK State Street SPDR NYSE Technology ETF 3.2 35 14 3.5 -3.9
DTCR Global X Data Center & Digital Infrastructure ETF 3.1 50 -1 3.9 -3.5
BLES Inspire Global Hope ETF 3.1 61 -12 6.8 -0.6
ROBO ROBO Global Robotics & Automation Index ETF 3.0 95 -46 3.0 -4.3
ARVR First Trust Indxx Metaverse ETF 2.9 70 -21 3.9 -3.4
PRAY FIS Christian Stock Fund 2.9 69 -20 5.1 -2.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 2.9 42 7 6.5 -0.8
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 2.9 65 -16 -1.3 -8.6
AADR AdvisorShares Dorsey Wright ADR ETF 2.8 110 -61 4.9 -2.5
EEMO Invesco S&P Emerging Markets Momentum ETF 2.8 29 20 7.5 +0.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.8 70 -21 12.3 +4.9
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 2.8 86 -37 0.5 -6.8
GVIP Goldman Sachs Hedge Industry VIP ETF 2.8 45 4 3.2 -4.2
CGXU Capital Group International Focus Equity ETF 2.7 54 -5 5.3 -2.0
ARKQ ARK Autonomous Technology & Robotics ETF 2.6 75 -26 1.2 -6.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.6 80 -31 8.4 +1.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.6 46 3 9.5 +2.2
EPU iShares MSCI Peru and Global Exposure ETF 2.6 59 -10 6.0 -1.4
HFXI IQ FTSE International Equity Currency Neutral ETF 2.6 20 29 6.6 -0.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.6 9 40 5.5 -1.8
CGIE Capital Group International Equity ETF 2.6 54 -5 4.9 -2.4
ARKW ARK Next Generation Internet ETF 2.6 87 -38 0.8 -6.5
SCHF Schwab International Equity ETF 2.5 6 43 6.8 -0.5
HAP VanEck Natural Resources ETF 2.5 50 -1 8.8 +1.5
SFYF SoFi Social 50 ETF 2.5 29 20 1.0 -6.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.5 90 -41 5.1 -2.2
LRGE ClearBridge Large Cap Growth ESG ETF 2.5 59 -10 4.2 -3.1
FCLD Fidelity Cloud Computing ETF 2.5 39 10 3.5 -3.9
GNR SPDR S&P Global Natural Resources ETF 2.4 40 9 10.3 +2.9
VEA Vanguard FTSE Developed Markets ETF 2.4 3 46 6.8 -0.6
TEMP JPMorgan Climate Change Solutions ETF 2.4 49 0 5.8 -1.6
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.4 67 -18 14.6 +7.3
DEW WisdomTree Global High Dividend Fund 2.3 58 -9 8.2 +0.8
YNOT Horizon Digital Frontier ETF 2.3 75 -26 3.1 -4.2
TMAT Main Thematic Innovation ETF 2.3 164 -115 -1.5 -8.8
GINX SGI Enhanced Global Income ETF 2.3 98 -49 7.9 +0.6
CGGR Capital Group Growth ETF 2.3 39 10 3.4 -3.9
KOCG FIS Knights of Columbus Global Belief ETF 2.2 75 -26 4.9 -2.4
CLNR IQ Cleaner Transport ETF 2.2 45 4 5.2 -2.2
BGRO iShares Large Cap Growth Active ETF 2.0 55 -6 2.6 -4.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 2.0 86 -37 14.3 +7.0
ARGT Global X MSCI Argentina ETF 2.0 59 -10 3.5 -3.8
IDHQ Invesco S&P International Developed High Quality ETF 2.0 29 20 6.3 -1.0
BKF iShares MSCI BIC ETF 1.9 69 -20 13.1 +5.8
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.8 68 -19 6.4 -0.9
IDX VanEck Indonesia Index ETF 1.8 57 -8 7.0 -0.3
EIDO iShares MSCI Indonesia ETF 1.8 59 -10 7.7 +0.3
BGIG Bahl & Gaynor Income Growth ETF 1.8 45 4 5.2 -2.1
GSFP Goldman Sachs Future Planet Equity ETF 1.7 75 -26 4.4 -2.9
OCEN IQ Clean Oceans ETF 1.7 45 4 5.3 -2.0
IBAT iShares Energy Storage & Materials ETF 1.7 47 2 2.6 -4.8
SNSR Global X Internet of Things ETF 1.6 68 -19 4.6 -2.7
ACWI iShares MSCI ACWI ETF 1.6 32 17 5.3 -2.0
UIVM VictoryShares International Value Momentum ETF 1.5 35 14 8.4 +1.1
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.5 60 -11 10.8 +3.5
KLMT Invesco MSCI Global Climate 500 ETF 1.5 10 39 5.6 -1.8
BWEB Bitwise Web3 ETF 1.5 85 -36 -0.0 -7.3
VT Vanguard Total World Stock ETF 1.4 6 43 5.7 -1.6
FFLC Fidelity Fundamental Large Cap Core ETF 1.4 38 11 4.5 -2.8
JPIN J.P. Morgan Diversified Return International Equity ETF 1.4 37 12 7.8 +0.4
FLMX Franklin FTSE Mexico ETF 1.4 19 30 9.9 +2.6
EWW iShares MSCI Mexico ETF 1.4 50 -1 9.3 +1.9
ICPY Tweedy, Browne International Insider Value ETF 1.4 80 -31 11.4 +4.1
SGDM Sprott Gold Miners ETF 1.4 50 -1 2.9 -4.4
GDX VanEck Gold Miners ETF 1.4 51 -2 3.6 -3.8
FFTY Innovator IBD 50 ETF 1.4 80 -31 -1.9 -9.2
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 1.4 60 -11 3.0 -4.3
AUMI Themes Gold Miners ETF 1.4 35 14 3.5 -3.8
ACWV iShares MSCI Global Min Vol Factor ETF 1.4 20 29 5.7 -1.6
SDIV Global X Superdividend ETF 1.4 58 -9 16.7 +9.4
GINN Goldman Sachs Innovate Equity ETF 1.4 52 -3 3.6 -3.7
EPHE iShares MSCI Philippines ETF 1.4 59 -10 0.0 -7.3
SWP SWP Growth & Income ETF 1.3 99 -50 4.1 -3.2
RSHO Tema American Reshoring ETF 1.3 75 -26 4.6 -2.8
IXG iShares Global Financials ETF 1.3 42 7 6.5 -0.8
DGT State Street SPDR Global Dow ETF 1.3 50 -1 6.6 -0.8
FFND Future Fund Active ETF 1.3 100 -51 3.8 -3.6
FDLS Inspire Fidelis Multi Factor ETF 1.3 76 -27 4.9 -2.5
ARKK ARK Innovation ETF 1.3 75 -26 -2.6 -10.0
BLOK Amplify Transformational Data Sharing ETF 1.3 75 -26 0.5 -6.8
TTAI FCF International Quality ETF 1.3 59 -10 7.4 +0.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.2 20 29 5.3 -2.0
OND ProShares On-Demand ETF 1.2 58 -9 -0.6 -7.9
HERO Global X Video Games & Esports ETF 1.2 50 -1 4.5 -2.8
ESPO VanEck Video Gaming and eSports ETF 1.2 56 -7 5.3 -2.0
NERD Roundhill Video Games ETF 1.2 50 -1 6.6 -0.7
ODDS Pacer BlueStar Digital Entertainment ETF 1.2 60 -11 3.0 -4.3
IGRO iShares International Dividend Growth ETF 1.2 15 34 6.9 -0.4
COLO Global X MSCI Colombia ETF 1.2 62 -13 19.5 +12.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.2 58 -9 9.4 +2.1
FSST Fidelity Sustainable U.S. Equity ETF 1.2 59 -10 4.3 -3.1
LOWV AB US Low Volatility Equity ETF 1.2 48 1 5.4 -2.0
XT iShares Exponential Technologies ETF 1.2 46 3 4.5 -2.9
COPY Tweedy, Browne Insider + Value ETF 1.2 80 -31 11.6 +4.3
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.1 61 -12 2.0 -5.3
SPDW SPDR Portfolio Developed World ex-US ETF 1.1 3 46 6.6 -0.7
FBCG Fidelity Blue Chip Growth ETF 1.1 59 -10 2.8 -4.5
TPIF Timothy Plan International ETF 1.1 62 -13 6.0 -1.3
LRGC AB US Large Cap Strategic Equities ETF 1.1 48 1 4.4 -2.9
PBD Invesco Global Clean Energy ETF 1.1 75 -26 0.8 -6.5
ARKX ARK Space Exploration & Innovation ETF 1.1 75 -26 0.2 -7.1
NDIA Global X India Active ETF 1.0 75 -26 5.3 -2.0
HUMN Roundhill Humanoid Robotics ETF 1.0 75 -26 1.1 -6.2
CUT Invesco MSCI Global Timber ETF 1.0 61 -12 10.7 +3.4
WOOD iShares Global Timber & Forestry ETF 1.0 42 7 13.0 +5.6
CIL VictoryShares International Volatility Wtd ETF 1.0 45 4 6.4 -1.0
BINV Brandes International ETF 1.0 70 -21 9.3 +1.9
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.9 61 -12 -0.6 -7.9
IOO iShares Global 100 ETF 0.9 41 8 4.5 -2.8
GLOF iShares Global Equity Factor ETF 0.9 20 29 6.6 -0.7
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.9 80 -31 14.2 +6.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.9 12 37 4.9 -2.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.9 47 2 5.8 -1.5
JGLO JPMorgan Global Select Equity ETF 0.8 33 16 5.0 -2.3
ISHP First Trust Nasdaq Retail ETF 0.8 60 -11 5.6 -1.7
KPOP KPOP and Korean Entertainment ETF 0.8 75 -26 1.4 -6.0
SOCL Global X Social Media ETF 0.8 65 -16 10.8 +3.5
FDNI First Trust Dow Jones International Internet ETF 0.8 65 -16 23.0 +15.7
IXP iShares Global Comm Services ETF 0.8 42 7 5.6 -1.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.8 24 25 7.1 -0.3
RXI iShares Global Consumer Discretionary ETF 0.8 41 8 8.3 +0.9
MXI iShares Global Materials ETF 0.8 41 8 7.2 -0.1
JGRO JPMorgan Active Growth ETF 0.8 44 5 3.5 -3.8
DGIN VanEck Digital India ETF 0.8 71 -22 1.3 -6.0
GMET VanEck Green Metals ETF 0.8 63 -14 7.1 -0.2
AGNG Global X Aging Population ETF 0.7 50 -1 4.5 -2.8
SDG iShares MSCI Global Sustainable Development Goals ETF 0.7 49 0 5.1 -2.2
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.7 85 -36 6.2 -1.2
DMAT Global X Disruptive Materials ETF 0.7 59 -10 6.6 -0.7
ICOP iShares Copper and Metals Mining ETF 0.7 47 2 7.4 +0.1
BATT Amplify Lithium & Battery Technology ETF 0.7 59 -10 1.9 -5.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 0.7 60 -11 7.9 +0.5
VIGI Vanguard International Dividend Appreciation ETF 0.7 10 39 6.3 -1.1
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.7 56 -7 10.6 +3.3
IDV iShares International Select Dividend ETF 0.7 51 -2 10.3 +2.9
GCOW Pacer Global Cash Cows Dividend ETF 0.7 60 -11 10.4 +3.1
GEW Cambria Global EW ETF 0.6 29 20 5.9 -1.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 70 -21 7.5 +0.2
SCHY Schwab International Dividend Equity ETF 0.6 14 35 9.6 +2.3
CRAK VanEck Oil Refiners ETF 0.6 61 -12 11.5 +4.2
KAT Scharf ETF 0.6 87 -38 5.3 -2.0
MOO VanEck Agribusiness ETF 0.6 53 -4 10.6 +3.3
VEGI iShares MSCI Agriculture Producers ETF 0.6 39 10 9.1 +1.7
RCGE RockCreek Global Equality ETF 0.6 95 -46 6.6 -0.7
HART IQ Healthy Hearts ETF 0.6 45 4 6.0 -1.3
WGMI Valkyrie Bitcoin Miners ETF 0.5 75 -26 -4.8 -12.2
SCHC Schwab International Small-Cap Equity ETF 0.5 11 38 7.3 -0.0
MAKX ProShares S&P Kensho Smart Factories ETF 0.5 58 -9 -0.4 -7.7
SLX VanEck Steel ETF 0.5 56 -7 13.7 +6.3
TRFM AAM Transformers ETF 0.5 49 0 1.2 -6.1
OAIM OneAscent International Equity ETF 0.5 95 -46 5.3 -2.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 10 5.7 -1.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 0 6.8 -0.6
IDRV iShares Self-driving EV & Tech ETF 0.5 47 2 3.2 -4.1
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.5 45 4 1.7 -5.6
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 10 8.3 +0.9
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.4 20 29 3.0 -4.3
CVY Invesco Zacks Multi-Asset Income ETF 0.4 106 -57 11.7 +4.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 8 41 7.1 -0.3
IXJ iShares Global Healthcare ETF 0.4 42 7 6.7 -0.7
ARTY iShares Future AI & Tech ETF 0.3 47 2 3.5 -3.8
SHPP Pacer Industrials and Logistics ETF 0.3 60 -11 8.3 +1.0
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.3 10 39 6.7 -0.7
KXI iShares Global Consumer Staples ETF 0.3 41 8 5.7 -1.6
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 -13 3.4 -4.0
FPAG FPA Global Equity ETF 0.3 49 0 5.6 -1.8
HELX Franklin Genomic Advancements ETF 0.3 50 -1 -0.4 -7.7
VGK Vanguard FTSE Europe ETF 0.2 6 43 7.2 -0.1
IPAV Global X Infrastructure Development ex-U.S. ETF 0.2 55 -6 6.5 -0.8
EXI iShares Global Industrials ETF 0.2 42 7 4.4 -3.0
SPEU SPDR Portfolio Europe ETF 0.2 7 42 7.1 -0.2
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 -11 4.9 -2.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 37 8.2 +0.9
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 4 5.3 -2.1
FVD First Trust Value Line Dividend Index Fund 0.2 65 -16 6.3 -1.1
IQSI IQ Candriam International Equity ETF 0.2 15 34 6.2 -1.1
PID Invesco International Dividend Achievers ETF 0.2 53 -4 5.1 -2.2
CIBR First Trust NASDAQ Cybersecurity ETF 0.2 60 -11 4.1 -3.2
GLIN VanEck India Growth Leaders ETF 0.2 77 -28 5.5 -1.8
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 7 9.3 +2.0
ION ProShares S&P Global Core Battery Metals ETF 0.2 58 -9 7.2 -0.1
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 40 7.0 -0.4
INTF iShares International Equity Factor ETF 0.1 15 34 7.3 -0.0
IPOS Renaissance International IPO ETF 0.1 80 -31 2.1 -5.2
FLEE Franklin FTSE Europe ETF 0.1 9 40 7.0 -0.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 29 6.5 -0.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 10 7.5 +0.2
OBOR KraneShares MSCI One Belt One Road Index ETF 0.1 79 -30 7.7 +0.4
BKIE BNY Mellon International Equity ETF 0.1 4 45 6.6 -0.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 -9 4.4 -3.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 3 5.7 -1.7
EMIF iShares Emerging Markets Infrastructure ETF 0.1 60 -11 3.3 -4.1
IGF iShares Global Infrastructure ETF 0.1 41 8 4.6 -2.7
GII SPDR S&P Global Infrastructure ETF 0.1 40 9 4.6 -2.7
ABLD Abacus FCF Real Assets Leaders ETF 0.1 69 -20 7.0 -0.3
JETS U.S. Global Jets ETF 0.1 60 -11 2.7 -4.6
FTRI First Trust Indxx Global Natural Resources Income ETF 0.1 70 -21 7.6 +0.3
GOEX Global X Gold Explorers ETF 0.0 65 -16 2.4 -4.9
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 7 5.2 -2.1
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 40 7.5 +0.2
EBI Longview Advantage ETF 0.0 35 14 6.7 -0.7
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -16 7.8 +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 13.4 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 7.3 %
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.