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ETFs

First Trust Bloomberg Emerging Market Democracies ETF

EMDM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 02 2023
Expense Ratio
0.75%
Type
Global Ex. US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
—
AUM
$955,038
Associated Index
Bloomberg Emerging Market Democracies Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with EMDM

What is EMDM?

The First Trust Bloomberg Emerging Market Democracies ETF (the Fund) seeks investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Bloomberg Emerging Market Democracies Index (the Index). The Fund will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks, depositary receipts, preferred shares, real estate investment trusts (REITs), and other securities that comprise the Index. The Fund, using a replication strategy, attempts to replicate, before fees and expenses, the performance of the Index. The Bloomberg Emerging Market Democracies Index is constructed to track the performance of companies within emerging market countries that meet minimum political rights and civil liberties standards to qualify as Electoral Democracies according to Freedom House. Freedom House is a non-profit, majority U.S. government funded organization in Washington, D.C., that conducts research and advocacy on democracy, political freedom, and human rights.

ETFs related toEMDM

ETFs correlated to EMDM include MEM, FRDM, SCHE

EMDM
First Trust Exchange-Traded Fund II - First Trust Bloomberg Emerging Market Democracies ETF
MEM
Matthews International Funds - Matthews Emerging Markets Equity Active ETF
FRDM
EA Series Trust - Alpha Architect Freedom 100 Emerging Markets ETF
SCHE
Schwab Strategic Trust - Schwab Emerging Markets Equity ETF
XCEM
Columbia ETF Trust II - Columbia EM Core ex-China ETF
VEU
Vanguard Group, Inc. - Vanguard FTSE All-World ex-US ETF
VWO
Vanguard Group, Inc. - Vanguard FTSE Emerging Markets ETF
NXTG
First Trust Exchange-Traded Fund III - First Trust Indxx NextG ETF
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF
DFAE
Dimensional ETF Trust - Dimensional Emerging Core Equity Market ETF
IQDF
FlexShares Trust - FlexShares International Quality Dividend Index Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toEMDM

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

#SWENS

The Swensen

Category

Classic

Risk Rating

Moderate

Create your own algorithmic trading strategy with EMDM using Composer

FAQ

EMDM is a Global Ex. US Equities ETF. The First Trust Bloomberg Emerging Market Democracies ETF (the Fund) seeks investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Bloomberg Emerging Market Democracies Index (the Index). The Fund will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks, depositary receipts, preferred shares, real estate investment trusts (REITs), and other securities that comprise the Index. The Fund, using a replication strategy, attempts to replicate, before fees and expenses, the performance of the Index. The Bloomberg Emerging Market Democracies Index is constructed to track the performance of companies within emerging market countries that meet minimum political rights and civil liberties standards to qualify as Electoral Democracies according to Freedom House. Freedom House is a non-profit, majority U.S. government funded organization in Washington, D.C., that conducts research and advocacy on democracy, political freedom, and human rights.

EMDM tracks the Bloomberg Emerging Market Democracies Index.

No, EMDM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, EMDM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on EMDM is %. This is the percent change in the value of EMDM over the most recent 1-month period. The 3-month return on EMDM is %. This is the percent change in the value of EMDM over the most recent 3-month period.

ETFs similar to EMDM include ARKK, EFV, and EFG.

ETFs correlated to EMDM include MEM, FRDM, and SCHE.

ETFs that are inversely correlated to EMDM include EUM, EDZ, and EFZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.