Freedom 100 Emerging Markets ETF
ALTAR
Score™		 5.6% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 17.5x P/Sales
ratio		 1.6x
P/BV
ratio		 2.7x Div.
yield		 2.5%


  • 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) $3,288
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) $206,194
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 11.1 %
HYNIX SEMICONDUCTOR INC 9.3 %
TAIWAN SEMICONDUCTOR-SP ADR 7.7 %
MEDIATEK INC 5.1 %
LAN AIRLINES SA 4.2 %
BANK PEKAO SA 3.1 %
DELTA ELECTRONICS INC 3.0 %
BANCO DE CHILE 2.9 %
VALE SA 2.8 %
HON HAI PRECISION INDUSTRY 2.7 %
Total 51.9 %

TOP COUNTRY EXPOSURE
TAIWAN 25.6 %
SOUTH KOREA 23.5 %
CHILE 15.1 %
POLAND 9.2 %
BRAZIL 7.0 %
MALAYSIA 4.9 %
SOUTH AFRICA 4.2 %
THAILAND 2.1 %
PHILIPPINES 1.6 %
MEXICO 1.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
28.1% 64.9% 17.2% -- 543.5%

Market Correlations
versus... Beta R-squared
S&P500 1.75 54%
MSCI EAFE 1.56 64%
MSCI Emg. Mkts. 1.21 93%

Technical Indicators
Recent close $65.44
30d moving avg. $68.30
Annualized volatility 17.4%
Short interest (ETF) 0.2%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 308
Turnover 0.6%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $2,833

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 413 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™: 5.6%


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 34.2 32 17 5.4 -0.1
EMDM First Trust Bloomberg Emerging Market Democracies ETF 31.9 75 -26 6.5 +0.9
EMXC iShares MSCI Emerging Markets ex China ETF 30.2 25 24 5.3 -0.3
AIA iShares Asia 50 ETF 30.0 50 -1 7.8 +2.2
EMM Global X Emerging Markets ex-China ETF 30.0 75 -26 4.9 -0.7
EEMO Invesco S&P Emerging Markets Momentum ETF 29.0 29 20 7.1 +1.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 28.9 24 25 5.4 -0.2
ECON Columbia Emerging Markets Consumer ETF 28.8 49 0 6.8 +1.2
XCEM Columbia EM Core ex-China ETF 28.4 16 33 5.1 -0.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 26.0 32 17 4.9 -0.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 25.5 30 19 8.1 +2.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 25.4 32 17 7.7 +2.1
JIVE JPMorgan International Value ETF 24.9 55 -6 8.0 +2.4
JHEM John Hancock Multifactor Emerging Markets ETF 24.8 49 0 7.7 +2.1
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 24.1 69 -20 7.7 +2.2
EEM iShares MSCI Emerging Markets ETF 23.9 69 -20 8.0 +2.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 23.9 33 16 6.9 +1.3
JADE JPMorgan Active Developing Markets Equity ETF 23.8 65 -16 6.1 +0.5
FLKR Franklin FTSE South Korea ETF 23.5 9 40 4.6 -0.9
EWY iShares MSCI South Korea ETF 23.5 58 -9 3.7 -1.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 23.4 15 34 8.2 +2.6
AVXC Avantis Emerging Markets Ex-China Equity ETF 23.1 33 16 6.3 +0.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 22.8 66 -17 7.5 +2.0
BKEM BNY Mellon Emerging Markets Equity ETF 22.6 11 38 24.6 +19.1
ESGE iShares ESG Aware MSCI EM ETF 22.3 25 24 8.4 +2.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 22.3 70 -21 7.1 +1.5
AVSE Avantis Responsible Emerging Markets Equity ETF 22.2 33 16 6.8 +1.2
EMGF iShares Emerging Markets Equity Factor ETF 22.1 25 24 9.1 +3.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 22.0 36 13 7.8 +2.2
EMC Global X Emerging Markets Great Consumer ETF 21.6 75 -26 7.3 +1.7
DEHP Dimensional Emerging Markets High Profitability ETF 21.3 41 8 5.0 -0.6
AVEM Avantis Emerging Markets Equity ETF 21.2 33 16 7.2 +1.7
IEMG iShares Core MSCI Emerging Markets ETF 21.1 9 40 8.4 +2.8
FLAX Franklin FTSE Asia Ex Japan ETF 20.8 19 30 7.3 +1.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 20.8 88 -39 8.4 +2.8
EMXF iShares ESG Advanced MSCI EM ETF 20.4 16 33 6.7 +1.1
MEM Matthews Emerging Markets Equity Active ETF 20.0 79 -30 8.6 +3.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 19.8 45 4 8.2 +2.6
EMMF WisdomTree Emerging Markets Multifactor Fund 19.3 48 1 8.8 +3.2
UMMA Wahed Dow Jones Islamic World ETF 19.3 65 -16 3.6 -1.9
FDEM Fidelity Emerging Markets Multifactor ETF 18.7 25 24 10.6 +5.0
DFAE Dimensional Emerging Core Equity Market ETF 18.5 35 14 7.2 +1.6
DEXC Dimensional Emerging Markets ex China Core EquityETF 18.4 53 -4 5.3 -0.3
MINV Matthews Asia Innovators Active ETF 18.2 79 -30 5.7 +0.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 18.2 15 34 9.0 +3.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 18.1 50 -1 8.5 +2.9
LDEM iShares ESG MSCI EM Leaders ETF 17.9 17 32 12.8 +7.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 17.8 59 -10 8.7 +3.2
EEMA iShares MSCI Emerging Markets Asia ETF 17.7 49 0 7.6 +2.1
GMF SPDR S&P Emerging Asia Pacific ETF 17.6 49 0 8.6 +3.1
EWT iShares MSCI Taiwan ETF 16.8 58 -9 3.1 -2.5
FLTW Franklin FTSE Taiwan ETF 16.8 19 30 3.5 -2.1
CHPX Global X AI Semiconductor & Quantum ETF 16.7 50 -1 1.8 -3.8
DFEV Dimensional Emerging Markets Value ETF 16.6 43 6 9.7 +4.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 16.4 30 19 7.6 +2.1
PXH Invesco FTSE RAFI Emerging Markets ETF 16.3 49 0 13.2 +7.7
PATN Pacer Nasdaq International Patent Leaders ETF 16.1 65 -16 4.2 -1.4
ROAM Hartford Multifactor Emerging Markets ETF 15.9 44 5 7.8 +2.2
VEXC Vanguard Emerging Markets Ex-China ETF 15.6 7 42 5.7 +0.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 15.5 40 9 6.3 +0.7
XCNY SPDR S&P Emerging Markets ex-China ETF 15.2 15 34 5.7 +0.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 15.2 38 11 7.2 +1.7
AIQ Global X Artificial Intelligence & Technology ETF 15.1 68 -19 2.9 -2.7
ECH iShares MSCI Chile ETF 14.8 58 -9 7.6 +2.0
BAI iShares AI Innovation and Tech Active ETF 14.8 55 -6 1.1 -4.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 14.0 39 10 13.4 +7.9
VPL Vanguard FTSE Pacific ETF 13.9 7 42 5.3 -0.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 13.8 41 8 7.1 +1.5
AIS VistaShares Artificial Intelligence Supercycle ETF 13.6 75 -26 1.1 -4.5
CGGO Capital Group Global Growth Equity ETF 13.5 47 2 4.0 -1.5
XC WisdomTree Emerging Markets Ex-China Fund 13.3 32 17 6.4 +0.8
NUEM Nuveen ESG Emerging Markets Equity ETF 13.3 36 13 6.1 +0.5
FLLA Franklin FTSE Latin America ETF 12.9 19 30 10.6 +5.0
DEM WisdomTree Emerging Markets High Dividend Fund 12.4 63 -14 10.3 +4.7
WTAI WisdomTree Artificial Intelligence and Innovation Fund 11.9 45 4 2.0 -3.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 11.7 25 24 6.2 +0.6
KNCT Invesco Next Gen Connectivity ETF 11.6 40 9 3.1 -2.5
SPEM SPDR Portfolio Emerging Markets ETF 11.6 7 42 9.5 +4.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 11.5 75 -26 1.9 -3.7
EVLU iShares MSCI Emerging Markets Value Factor ETF 11.4 35 14 10.2 +4.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 11.4 95 -46 9.9 +4.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.8 44 5 9.3 +3.8
AIVC Amplify Bloomberg AI Value Chain ETF 10.5 59 -10 3.6 -2.0
VWO Vanguard FTSE Emerging Markets ETF 10.3 7 42 9.2 +3.6
FDTX Fidelity Disruptive Technology ETF 10.3 50 -1 1.7 -3.9
CWI SPDR MSCI ACWI ex-US ETF 10.3 30 19 6.4 +0.8
SCHE Schwab Emerging Markets Equity ETF 10.2 11 38 9.4 +3.9
FLN First Trust Latin America AlphaDEX Fund 10.0 80 -31 9.8 +4.3
JIG JPMorgan International Growth ETF 10.0 55 -6 3.7 -1.9
CARZ First Trust NASDAQ Global Auto Index Fund 9.9 70 -21 2.5 -3.1
IMFL Invesco International Developed Dynamic Multifactor ETF 9.8 34 15 5.1 -0.4
RNEM First Trust Emerging Markets Equity Select ETF 9.7 75 -26 7.8 +2.2
ABLG Abacus FCF International Leaders ETF 9.5 59 -10 6.7 +1.1
IGPT Invesco AI and Next Gen Software ETF 9.3 60 -11 2.5 -3.0
EPOL iShares MSCI Poland ETF 9.2 59 -10 8.3 +2.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 9.2 29 20 8.7 +3.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 9.1 47 2 7.1 +1.5
PIEL Pacer International Export Leaders ETF 8.9 60 -11 4.1 -1.5
APIE ActivePassive International Equity ETF 8.5 45 4 6.2 +0.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.5 45 4 6.6 +1.1
VSGX Vanguard ESG International Stock ETF 8.4 10 39 6.6 +1.0
ILF iShares Latin America 40 ETF 8.4 48 1 9.5 +3.9
OSEA Harbor International Compounders ETF 8.2 55 -6 4.3 -1.3
IQM Franklin Intelligent Machines ETF 8.1 50 -1 1.2 -4.3
FDCF Fidelity Disruptive Communications ETF 8.1 50 -1 1.9 -3.7
DINT Davis Select International ETF 8.0 55 -6 5.8 +0.3
IQDF FlexShares International Quality Dividend Index Fund 7.9 47 2 7.4 +1.8
ADIV SmartETFs Asia Pacific Dividend Builder ETF 7.8 78 -29 9.4 +3.8
NXTG First Trust Indxx NextG ETF 7.8 70 -21 3.6 -1.9
ACWX iShares MSCI ACWI ex U.S. ETF 7.8 34 15 6.3 +0.7
WUGI AXS Esoterica NextG Economy ETF 7.7 75 -26 1.6 -4.0
SMH VanEck Semiconductor ETF 7.7 35 14 2.1 -3.4
BKCI BNY Mellon Concentrated International ETF 7.7 80 -31 4.8 -0.8
VNSE Natixis Vaughan Nelson Select ETF 7.7 80 -31 3.3 -2.3
DOL WisdomTree International LargeCap Dividend Fund 7.7 48 1 5.5 -0.1
FRGN Horizon International Equity ETF 7.6 75 -26 7.8 +2.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 7.6 18 31 6.3 +0.7
HFXI IQ FTSE International Equity Currency Neutral ETF 7.5 20 29 5.6 +0.0
IXN iShares Global Tech ETF 7.5 41 8 2.7 -2.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 7.4 41 8 5.9 +0.4
VEU Vanguard FTSE All-World ex-US Index Fund 7.4 4 45 6.7 +1.1
CHAT Roundhill Generative AI & Technology ETF 7.3 75 -26 4.4 -1.2
AVES Avantis Emerging Markets Value ETF 7.3 36 13 9.3 +3.7
DVYE iShares Emerging Markets Dividend ETF 7.0 49 0 17.6 +12.0
AOTG AOT Growth and Innovation ETF 6.9 75 -26 1.2 -4.3
IXUS iShares Core MSCI Total International Stock ETF 6.9 7 42 6.6 +1.0
VXUS Vanguard Total International Stock ETF 6.8 5 44 6.6 +1.0
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 6.4 80 -31 7.9 +2.3
FLBR Franklin FTSE Brazil ETF 6.4 19 30 11.7 +6.1
EWZ iShares MSCI Brazil ETF 6.4 58 -9 10.5 +5.0
EDIV SPDR S&P Emerging Markets Dividend ETF 6.3 49 0 8.9 +3.4
FEOE First Eagle Overseas Equity ETF 6.1 79 -30 5.9 +0.4
CGXU Capital Group International Focus Equity ETF 6.0 54 -5 3.8 -1.7
DWLD Davis Select Worldwide ETF 5.9 63 -14 6.5 +1.0
SCHF Schwab International Equity ETF 5.9 6 43 5.9 +0.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 5.8 90 -41 3.8 -1.7
MOTO SmartETFs Smart Transportation & Technology ETF 5.8 68 -19 5.6 -0.0
FFOG Franklin Focused Growth ETF 5.7 61 -12 1.7 -3.9
IVES Wedbush ETFMG Global Cloud Technology ETF 5.7 68 -19 3.7 -1.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 5.6 45 4 9.5 +3.9
PCGG Polen Capital Global Growth ETF 5.6 85 -36 3.9 -1.7
VEA Vanguard FTSE Developed Markets ETF 5.5 3 46 5.9 +0.3
RGEF Rockefeller Global Equity ETF 5.5 55 -6 3.7 -1.8
ARTY iShares Future AI & Tech ETF 5.4 47 2 2.6 -3.0
IDHQ Invesco S&P International Developed High Quality ETF 5.4 29 20 4.9 -0.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 5.3 30 19 6.4 +0.9
CGDG Capital Group Dividend Growers ETF 5.2 47 2 5.1 -0.5
FMET Fidelity Metaverse ETF 5.2 39 10 4.3 -1.2
SOXX iShares Semiconductor ETF 5.0 35 14 2.2 -3.4
BGDV Bahl & Gaynor Dividend ETF 5.0 45 4 3.9 -1.7
VYMI Vanguard International High Dividend Yield ETF 5.0 17 32 7.7 +2.1
FNDF Schwab Fundamental International Large Co. Index ETF 5.0 25 24 7.3 +1.7
TMFG Motley Fool Global Opportunities ETF 4.9 85 -36 3.6 -1.9
ASEA Global X FTSE Southeast Asia ETF 4.9 65 -16 5.1 -0.4
OAIM OneAscent International Equity ETF 4.9 95 -46 4.6 -1.0
EWM iShares MSCI Malaysia ETF 4.8 50 -1 6.5 +0.9
JSTC Adasina Social Justice All Cap Global ETF 4.7 89 -40 4.2 -1.3
FEM First Trust Emerging Markets AlphaDEX Fund 4.7 80 -31 9.1 +3.6
FEGE First Eagle Global Equity ETF 4.6 79 -30 5.9 +0.3
WWJD Inspire International ETF 4.6 80 -31 6.2 +0.6
PICK iShares MSCI Global Metals & Mining Producers ETF 4.5 39 10 8.4 +2.8
TDIV First Trust NASDAQ Technology Dividend Index Fund 4.5 50 -1 4.9 -0.6
AGIX KraneShares Artificial Intelligence and Technology ETF 4.5 99 -50 1.2 -4.4
RFFC ALPS Active Equity Opportunity ETF 4.5 48 1 3.6 -1.9
GFGF Guru Favorite Stocks ETF Guru Favorite Stocks Fund 4.4 65 -16 3.5 -2.1
BGIG Bahl & Gaynor Income Growth ETF 4.4 45 4 4.4 -1.2
CGIE Capital Group International Equity ETF 4.2 54 -5 4.5 -1.1
AADR AdvisorShares Dorsey Wright ADR ETF 4.2 110 -61 3.2 -2.4
DTCR Global X Data Center & Digital Infrastructure ETF 4.1 50 -1 3.5 -2.0
AFK VanEck Africa Index ETF 4.0 98 -49 11.4 +5.9
LOGO Alpha Brands Consumption Leaders ETF 3.9 69 -20 2.6 -2.9
EDOG ALPS Emerging Sector Dividend Dogs ETF 3.9 60 -11 10.5 +5.0
GVAL Cambria Global Value ETF 3.9 68 -19 8.4 +2.9
EYLD Cambria Emerging Shareholder Yield ETF 3.8 66 -17 9.1 +3.6
VIDI Vident International Equity Strategy ETF 3.8 61 -12 8.3 +2.8
LIVR Intelligent Livermore ETF 3.7 69 -20 3.1 -2.5
FFLC Fidelity Fundamental Large Cap Core ETF 3.6 38 11 3.8 -1.8
EZA iShares MSCI South Africa ETF 3.6 58 -9 9.5 +3.9
LRGE ClearBridge Large Cap Growth ESG ETF 3.6 59 -10 2.8 -2.8
PRAY FIS Christian Stock Fund 3.6 69 -20 4.0 -1.6
SNSR Global X Internet of Things ETF 3.6 68 -19 3.5 -2.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 3.5 80 -31 7.1 +1.5
ARKQ ARK Autonomous Technology & Robotics ETF 3.5 75 -26 1.1 -4.5
DIVS SmartETFs Dividend Builder ETF 3.5 65 -16 4.2 -1.3
QTUM Defiance Quantum ETF 3.4 40 9 3.8 -1.8
ROBO ROBO Global Robotics & Automation Index ETF 3.4 95 -46 2.4 -3.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.3 70 -21 9.3 +3.7
XNTK State Street SPDR NYSE Technology ETF 3.2 35 14 2.6 -3.0
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.2 67 -18 12.2 +6.7
JGLO JPMorgan Global Select Equity ETF 3.2 33 16 4.2 -1.4
EPU iShares MSCI Peru and Global Exposure ETF 3.2 59 -10 4.4 -1.2
KLMT Invesco MSCI Global Climate 500 ETF 3.2 10 39 4.9 -0.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.2 65 -16 7.2 +1.6
POW VistaShares Electrification Supercycle ETF 3.1 75 -26 2.3 -3.2
CLNR IQ Cleaner Transport ETF 3.1 45 4 4.0 -1.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 3.1 9 40 4.8 -0.8
METV Roundhill Ball Metaverse ETF 3.1 59 -10 8.0 +2.5
OCEN IQ Clean Oceans ETF 3.0 45 4 4.6 -1.0
IBAT iShares Energy Storage & Materials ETF 3.0 47 2 1.8 -3.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.0 46 3 7.9 +2.4
ARVR First Trust Indxx Metaverse ETF 3.0 70 -21 3.7 -1.9
CIL VictoryShares International Volatility Wtd ETF 2.9 45 4 5.9 +0.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.9 65 -16 1.4 -4.2
CGGR Capital Group Growth ETF 2.9 39 10 2.6 -2.9
DARP Grizzle Growth ETF 2.9 75 -26 1.8 -3.8
ACWI iShares MSCI ACWI ETF 2.9 32 17 4.6 -1.0
DWX SPDR S&P International Dividend ETF 2.8 45 4 6.6 +1.0
SPDW SPDR Portfolio Developed World ex-US ETF 2.8 3 46 5.8 +0.2
CGUS Capital Group Core Equity ETF 2.8 33 16 3.5 -2.1
BKF iShares MSCI BIC ETF 2.8 69 -20 14.4 +8.9
SOXQ Invesco PHLX Semiconductor ETF 2.8 19 30 2.1 -3.4
GKAT Scharf Global Opportunity ETF 2.7 57 -8 5.7 +0.2
FSST Fidelity Sustainable U.S. Equity ETF 2.7 59 -10 3.6 -2.0
BLES Inspire Global Hope ETF 2.7 61 -12 5.6 +0.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.7 20 29 4.7 -0.9
NETZ TCW Transform Systems ETF 2.7 75 -26 1.4 -4.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.7 12 37 4.4 -1.2
BRAZ Global X Brazil Active ETF 2.6 75 -26 10.2 +4.6
TIIV AAM Todd International Intrinsic Value ETF 2.6 54 -5 9.3 +3.8
VT Vanguard Total World Stock ETF 2.6 6 43 5.0 -0.6
CGDV Capital Group Dividend Value ETF 2.5 33 16 3.7 -1.9
SFYF SoFi Social 50 ETF 2.3 29 20 0.8 -4.8
LOWV AB US Low Volatility Equity ETF 2.3 48 1 4.3 -1.3
OTGL OTG Latin America ETF 2.3 269 -220 7.6 +2.1
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 2.3 80 -31 3.8 -1.8
GLOF iShares Global Equity Factor ETF 2.2 20 29 5.5 -0.1
ARKW ARK Next Generation Internet ETF 2.2 87 -38 0.7 -4.9
GVIP Goldman Sachs Hedge Industry VIP ETF 2.2 45 4 2.4 -3.2
IOO iShares Global 100 ETF 2.1 41 8 3.8 -1.8
WRND IQ Global Equity R&D Leaders ETF 2.1 18 31 4.1 -1.5
IDOG ALPS International Sector Dividend Dogs ETF 2.0 50 -1 9.1 +3.5
IGRO iShares International Dividend Growth ETF 2.0 15 34 6.5 +0.9
SWP SWP Growth & Income ETF 1.9 99 -50 4.3 -1.3
FCLD Fidelity Cloud Computing ETF 1.9 39 10 2.8 -2.7
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 1.8 60 -11 9.0 +3.4
JPIN J.P. Morgan Diversified Return International Equity ETF 1.8 37 12 7.0 +1.4
TIME Clockwise Core Equity & Innovation ETF 1.8 95 -46 2.1 -3.5
GINX SGI Enhanced Global Income ETF 1.8 98 -49 6.4 +0.8
KOCG FIS Knights of Columbus Global Belief ETF 1.8 75 -26 4.5 -1.0
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.8 52 -3 5.0 -0.6
BDIV AAM Brentview Dividend Growth ETF 1.8 49 0 3.6 -1.9
BLOK Amplify Transformational Data Sharing ETF 1.8 75 -26 -0.1 -5.7
DSTX Distillate International Fundamental Stability & Value ETF 1.7 55 -6 6.4 +0.8
YNOT Horizon Digital Frontier ETF 1.7 75 -26 2.6 -2.9
ACWV iShares MSCI Global Min Vol Factor ETF 1.7 20 29 5.6 +0.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.7 47 2 5.0 -0.6
UIVM VictoryShares International Value Momentum ETF 1.7 35 14 7.8 +2.2
YLDE ClearBridge Dividend Strategy ESG ETF 1.7 60 -11 5.1 -0.4
DGT State Street SPDR Global Dow ETF 1.6 50 -1 5.6 +0.0
EPHE iShares MSCI Philippines ETF 1.6 59 -10 0.0 -5.6
HAP VanEck Natural Resources ETF 1.5 50 -1 6.8 +1.3
FFND Future Fund Active ETF 1.5 100 -51 4.2 -1.3
EWW iShares MSCI Mexico ETF 1.5 50 -1 8.3 +2.8
FLMX Franklin FTSE Mexico ETF 1.5 19 30 8.8 +3.2
BWEB Bitwise Web3 ETF 1.5 85 -36 -0.1 -5.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.5 58 -9 8.7 +3.2
XT iShares Exponential Technologies ETF 1.4 46 3 3.9 -1.6
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.4 58 -9 9.1 +3.6
JGRO JPMorgan Active Growth ETF 1.4 44 5 2.6 -3.0
EXI iShares Global Industrials ETF 1.4 42 7 3.5 -2.1
FBCG Fidelity Blue Chip Growth ETF 1.3 59 -10 2.2 -3.3
AQLT iShares MSCI Global Quality Factor ETF 1.3 18 31 0.0 -5.6
LRGC AB US Large Cap Strategic Equities ETF 1.3 48 1 3.7 -1.8
IPAV Global X Infrastructure Development ex-U.S. ETF 1.3 55 -6 6.0 +0.5
RWX SPDR Dow Jones International Real Estate ETF 1.3 59 -10 7.0 +1.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.3 42 7 4.0 -1.5
ARKX ARK Space Exploration & Innovation ETF 1.3 75 -26 0.1 -5.5
DEW WisdomTree Global High Dividend Fund 1.3 58 -9 6.9 +1.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.2 10 39 8.4 +2.8
SDIV Global X Superdividend ETF 1.2 58 -9 13.6 +8.1
SATO Invesco Alerian Galaxy Crypto Economy ETF 1.2 61 -12 -0.7 -6.3
PBD Invesco Global Clean Energy ETF 1.1 75 -26 0.4 -5.2
IXG iShares Global Financials ETF 1.1 42 7 5.7 +0.2
GURU Global X Guru Index ETF 1.1 75 -26 2.4 -3.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.1 70 -21 6.9 +1.3
CCNR ALPS CoreCommodity Natural Resources ETF 1.1 39 10 8.5 +2.9
GINN Goldman Sachs Innovate Equity ETF 1.1 52 -3 3.7 -1.9
TPIF Timothy Plan International ETF 1.1 62 -13 5.5 -0.1
HYP Golden Eagle Dynamic Hypergrowth ETF 1.1 85 -36 -0.8 -6.3
SCHY Schwab International Dividend Equity ETF 1.1 14 35 8.2 +2.6
TMAT Main Thematic Innovation ETF 1.1 164 -115 -2.0 -7.5
FBCV Fidelity Blue Chip Value ETF 1.1 59 -10 5.4 -0.2
GMET VanEck Green Metals ETF 1.0 63 -14 1.3 -4.2
RCGE RockCreek Global Equality ETF 1.0 95 -46 5.7 +0.2
ARKK ARK Innovation ETF 1.0 75 -26 -2.9 -8.5
BRIF FIS Bright Portfolios Focused Equity ETF 0.9 65 -16 3.3 -2.3
BINV Brandes International ETF 0.9 70 -21 8.1 +2.6
RXI iShares Global Consumer Discretionary ETF 0.8 41 8 8.1 +2.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 0.8 60 -11 6.5 +0.9
TTAI FCF International Quality ETF 0.8 59 -10 6.9 +1.4
CGW Invesco S&P Global Water Index ETF 0.8 57 -8 4.5 -1.1
EIDO iShares MSCI Indonesia ETF 0.8 59 -10 10.9 +5.3
ARGT Global X MSCI Argentina ETF 0.8 59 -10 3.2 -2.4
GEW Cambria Global EW ETF 0.8 29 20 5.3 -0.3
AGQI First Trust Active Global Quality Income ETF 0.8 85 -36 6.2 +0.7
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.8 12 37 8.4 +2.9
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.7 80 -31 12.7 +7.1
NERD Roundhill Video Games ETF 0.7 50 -1 7.7 +2.1
OND ProShares On-Demand ETF 0.7 58 -9 0.5 -5.1
ESPO VanEck Video Gaming and eSports ETF 0.7 56 -7 6.4 +0.8
BNGE First Trust S-Network Streaming and Gaming ETF 0.7 70 -21 3.0 -2.6
ODDS Pacer BlueStar Digital Entertainment ETF 0.7 60 -11 4.6 -1.0
HERO Global X Video Games & Esports ETF 0.7 50 -1 5.7 +0.2
IDX VanEck Indonesia Index ETF 0.7 57 -8 9.9 +4.4
GDX VanEck Gold Miners ETF 0.7 51 -2 3.4 -2.1
COLO Global X MSCI Colombia ETF 0.7 62 -13 14.3 +8.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.7 49 0 6.0 +0.5
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.7 42 7 8.1 +2.6
SCHC Schwab International Small-Cap Equity ETF 0.7 11 38 6.7 +1.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.7 39 10 6.7 +1.2
EFRA iShares Environmental Infrastructure and Industrials ETF 0.7 47 2 5.0 -0.6
PIO Invesco Global Water ETF 0.7 75 -26 4.4 -1.2
BATT Amplify Lithium & Battery Technology ETF 0.6 59 -10 2.1 -3.5
PID Invesco International Dividend Achievers ETF 0.6 53 -4 4.0 -1.5
WGMI Valkyrie Bitcoin Miners ETF 0.6 75 -26 -2.7 -8.3
OBOR KraneShares MSCI One Belt One Road Index ETF 0.6 79 -30 7.5 +1.9
JXI iShares Global Utilities ETF 0.6 43 6 5.2 -0.3
TRFM AAM Transformers ETF 0.6 49 0 1.0 -4.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.6 58 -9 3.6 -2.0
SGDM Sprott Gold Miners ETF 0.5 50 -1 3.4 -2.2
GNR SPDR S&P Global Natural Resources ETF 0.5 40 9 8.5 +3.0
ABLD Abacus FCF Real Assets Leaders ETF 0.5 69 -20 6.6 +1.1
AUMI Themes Gold Miners ETF 0.5 35 14 3.8 -1.8
FTRI First Trust Indxx Global Natural Resources Income ETF 0.5 70 -21 6.8 +1.3
AUAU Global X Gold Miners ETF 0.5 35 14 3.0 -2.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.5 8 41 6.5 +0.9
SHPP Pacer Industrials and Logistics ETF 0.5 60 -11 6.6 +1.0
ION ProShares S&P Global Core Battery Metals ETF 0.5 58 -9 6.8 +1.2
ANEW ProShares MSCI Transformational Changes ETF 0.5 45 4 4.3 -1.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.5 24 25 6.8 +1.3
NANC Unusual Whales Subversive Democratic Trading ETF 0.5 75 -26 2.8 -2.7
FPAG FPA Global Equity ETF 0.5 49 0 5.5 -0.0
MXI iShares Global Materials ETF 0.5 41 8 6.2 +0.6
ICOP iShares Copper and Metals Mining ETF 0.5 47 2 5.8 +0.2
ICLN iShares Global Clean Energy ETF 0.5 41 8 2.1 -3.5
HUMN Roundhill Humanoid Robotics ETF 0.5 75 -26 1.4 -4.2
SRVR Pacer Data & Infrastructure Real Estate ETF 0.5 55 -6 4.2 -1.4
ERTH Invesco MSCI Sustainable Future ETF 0.4 62 -13 3.2 -2.3
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.4 86 -37 0.2 -5.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.4 86 -37 12.4 +6.8
FPXI First Trust International Equity Opportunities ETF 0.4 70 -21 4.1 -1.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.4 70 -21 4.1 -1.5
CGV Conductor Global Equity Value ETF 0.4 130 -81 7.9 +2.3
VIGI Vanguard International Dividend Appreciation ETF 0.3 10 39 5.9 +0.3
IXJ iShares Global Healthcare ETF 0.3 42 7 6.2 +0.6
JAVA JPMorgan Active Value ETF 0.3 44 5 5.2 -0.4
RWO SPDR Dow Jones Global Real Estate ETF 0.3 50 -1 6.1 +0.5
ISHP First Trust Nasdaq Retail ETF 0.3 60 -11 5.2 -0.4
SOCL Global X Social Media ETF 0.3 65 -16 12.7 +7.1
FDNI First Trust Dow Jones International Internet ETF 0.3 65 -16 24.3 +18.8
IXP iShares Global Comm Services ETF 0.3 42 7 5.8 +0.2
AGNG Global X Aging Population ETF 0.3 50 -1 4.2 -1.4
KXI iShares Global Consumer Staples ETF 0.3 41 8 5.3 -0.3
TNUK Tortoise Nuclear Renaissance ETF 0.3 75 -26 0.9 -4.7
URA Global X Uranium ETF 0.3 69 -20 1.1 -4.5
SLVP iShares MSCI Global Silver Miners ETF 0.3 39 10 4.8 -0.8
WOOD iShares Global Timber & Forestry ETF 0.3 42 7 10.7 +5.2
CUT Invesco MSCI Global Timber ETF 0.3 61 -12 7.8 +2.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.3 56 -7 9.4 +3.8
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.3 65 -16 7.9 +2.3
IDV iShares International Select Dividend ETF 0.3 51 -2 9.0 +3.4
GCOW Pacer Global Cash Cows Dividend ETF 0.3 60 -11 9.1 +3.6
VGK Vanguard FTSE Europe ETF 0.3 6 43 6.4 +0.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 10 6.9 +1.3
SHLD Global X Defense Tech ETF 0.2 50 -1 3.1 -2.5
SPEU SPDR Portfolio Europe ETF 0.2 7 42 6.3 +0.8
CVY Invesco Zacks Multi-Asset Income ETF 0.2 106 -57 9.6 +4.0
HART IQ Healthy Hearts ETF 0.2 45 4 5.9 +0.4
COPY Tweedy, Browne Insider + Value ETF 0.2 80 -31 14.1 +8.5
ICPY Tweedy, Browne International Insider Value ETF 0.2 80 -31 20.2 +14.7
IQSI IQ Candriam International Equity ETF 0.2 15 34 5.5 -0.1
JETS U.S. Global Jets ETF 0.2 60 -11 2.2 -3.4
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 -11 4.5 -1.0
GDXJ VanEck Junior Gold Miners ETF 0.2 52 -3 3.4 -2.1
BBEU JPMorgan BetaBuilders Europe ETF 0.2 9 40 6.1 +0.5
INTF iShares International Equity Factor ETF 0.2 15 34 6.4 +0.8
HELX Franklin Genomic Advancements ETF 0.2 50 -1 -1.3 -6.9
RING iShares MSCI Global Gold Miners ETF 0.2 39 10 4.1 -1.5
FLEE Franklin FTSE Europe ETF 0.2 9 40 6.2 +0.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 24 5.4 -0.1
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.2 72 -23 2.5 -3.0
EV Mast Global Battery Recycling & Production ETF 0.2 65 -16 6.4 +0.8
SDG iShares MSCI Global Sustainable Development Goals ETF 0.2 49 0 4.5 -1.0
DRIV Global X Autonomous & Electric Vehicles ETF 0.2 68 -19 3.5 -2.1
LIT Global X Lithium & Battery Tech ETF 0.2 75 -26 5.8 +0.2
SMOG VanEck Low Carbon Energy ETF 0.2 61 -12 1.3 -4.2
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.2 39 10 1.1 -4.5
IDRV iShares Self-driving EV & Tech ETF 0.2 47 2 1.5 -4.1
IQRA IQ CBRE Real Assets ETF 0.1 65 -16 5.8 +0.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 29 5.7 +0.1
BKIE BNY Mellon International Equity ETF 0.1 4 45 17.6 +12.0
AGMI Themes Silver Miners ETF 0.1 35 14 4.5 -1.0
SIL Global X Silver Miners ETF 0.1 65 -16 2.1 -3.4
SILJ ETFMG Prime Junior Silver Miners ETF 0.1 69 -20 0.6 -4.9
GOEX Global X Gold Explorers ETF 0.1 65 -16 2.6 -3.0
GPT Intelligent Alpha Atlas ETF 0.1 69 -20 6.1 +0.6
IGF iShares Global Infrastructure ETF 0.1 41 8 4.3 -1.3
EMIF iShares Emerging Markets Infrastructure ETF 0.1 60 -11 2.9 -2.7
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.1 46 3 5.2 -0.4
GII SPDR S&P Global Infrastructure ETF 0.1 40 9 4.2 -1.3
VEGI iShares MSCI Agriculture Producers ETF 0.0 39 10 7.7 +2.2
MOO VanEck Agribusiness ETF 0.0 53 -4 9.0 +3.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 7 4.0 -1.6
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 40 6.4 +0.9
DFIV Dimensional International Value ETF 0.0 27 22 7.5 +2.0
AVDE Avantis International Equity ETF 0.0 23 26 6.1 +0.6
AVSD Avantis Responsible International Equity ETF 0.0 23 26 5.8 +0.2
DFIC Dimensional International Core Equity 2 ETF 0.0 23 26 6.1 +0.6
EBI Longview Advantage ETF 0.0 35 14 5.8 +0.2
DFAI Dimensional International Core Equity Market ETF 0.0 18 31 5.9 +0.4
TEKX SPDR Galaxy Transformative Tech Accelerators ETF 0.0 65 -16 0.0 -5.6
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -16 6.9 +1.4
DIHP Dimensional International High Profitability ETF 0.0 29 20 5.7 +0.1

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 15.0 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.54 CATEGORY
AVERAGE		 1.53
 
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.