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ETFs

First Trust Bloomberg Emerging Market Democracies ETF

EMDM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 2, 2023
Expense Ratio
0.75%
Type
Global Ex. US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
—
AUM
$2,997,039
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 EMXC, XCEM, DFAE

EMDM
First Trust Exchange-Traded Fund II - First Trust Bloomberg Emerging Market Democracies ETF
EMXC
BlackRock Institutional Trust Company N.A. - IShares MSCI Emerging Markets ex China ETF
XCEM
Columbia ETF Trust II - Columbia EM Core ex-China ETF
DFAE
Dimensional ETF Trust - Dimensional Emerging Core Equity Market ETF
FRDM
EA Series Trust - Alpha Architect Freedom 100 Emerging Markets ETF
DFEM
Dimensional ETF Trust - Dimensional Emerging Markets Core Equity 2 ETF
IEMG
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Emerging Markets ETF
AVEM
American Century ETF Trust - Avantis Emerging Markets Equity ETF
EDC
Direxion Shares ETF Trust - Direxion Daily Emerging Markets Bull 3X Shares
JEMA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan ActiveBuilders Emerging Markets Equity ETF
EEM
BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets ETF

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

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

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 -0.0299%. This is the percent change in the value of EMDM over the most recent 1-month period. The 3-month return on EMDM is -0.051%. This is the percent change in the value of EMDM over the most recent 3-month period.

ETFs similar to EMDM include PBW, IGF, and ARKK.

ETFs correlated to EMDM include EMXC, XCEM, and DFAE.

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

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.