- CUSIP
- 02072L607
- Issuer
- Freedom Funds
- Inception Date
- May 22, 2019
- Region
- Emerging Markets (Broad)
- Category
- Emerging Markets Diversified
- Leveraged
- 1x (No leverage)
- Index Tracked
- Life + Liberty Freedom 100 Emerging Markets Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $3B
Share Price Chart
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Performance
FRDM Performance Chart
Freedom 100 Emerging Markets ETF (FRDM) is up 49.2% since the beginning of the year. FRDM is currently trading at $76 per share. Investors who bought $1,000 worth of FRDM shares 5 years ago would now be looking at an investment worth $2,544.
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Returns By Period
Freedom 100 Emerging Markets ETF (FRDM) has returned 49.24% so far this year and 101.71% over the past 12 months.
Freedom 100 Emerging Markets ETF
- 1D
- 0.13%
- 1M
- 12.84%
- YTD
- 49.24%
- 6M
- 53.92%
- 1Y
- 101.71%
- 3Y*
- 38.21%
- 5Y*
- 20.53%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FRDM Monthly Returns History
Based on dividend-adjusted daily data since May 23, 2019, FRDM's average daily return is +0.08%, while the average monthly return is +1.71%. At this rate, an investment would double in approximately 3.4 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +17.6%, while the worst month was Mar 2020 at -19.9%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FRDM closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +8.1%, while the worst single day was Mar 16, 2020 at -11.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 12.85% | 8.57% | -12.64% | 15.33% | 15.06% | 5.06% | 49.24% | ||||||
| 2025 | 4.13% | 1.29% | 2.46% | 3.13% | 4.62% | 7.74% | -0.27% | 3.47% | 6.81% | 8.96% | -0.35% | 7.27% | 61.27% |
| 2024 | -6.29% | 5.19% | 4.09% | -2.31% | 4.52% | 3.78% | -0.51% | 1.37% | 0.91% | -2.82% | -4.08% | -1.38% | 1.70% |
| 2023 | 10.50% | -5.78% | 2.72% | 0.54% | 1.22% | 5.80% | 4.86% | -7.94% | -5.71% | -1.13% | 12.22% | 5.57% | 22.77% |
| 2022 | 1.36% | -1.67% | 3.51% | -10.54% | 5.69% | -14.70% | 4.93% | -2.56% | -11.32% | 5.16% | 12.10% | -3.82% | -14.45% |
| 2021 | 1.85% | 1.72% | 1.70% | 0.94% | 1.29% | 0.11% | -1.87% | 3.33% | -5.14% | 0.09% | -1.06% | 3.32% | 6.13% |
Benchmark Metrics
Freedom 100 Emerging Markets ETF has an annualized alpha of 7.49%, beta of 0.87, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since May 23, 2019.
- This ETF captured 109.36% of S&P 500 Index gains but only 90.02% of its losses - a favorable profile for investors.
- This ETF generated an annualized alpha of 7.49% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.87 and R2 of 0.56, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 7.49%
- Beta
- 0.87
- R²
- 0.56
- Upside Capture
- 109.36%
- Downside Capture
- 90.02%
Expense Ratio
FRDM has an expense ratio of 0.49%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FRDM ranks 93 for risk / return — in the top 93% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Freedom 100 Emerging Markets ETF (FRDM) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FRDM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.37 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 6.06 | 2.78 | +3.28 |
| Martin ratioReturn relative to average drawdown | 23.38 | 12.44 | +10.94 |
Dividends
Dividend History
Freedom 100 Emerging Markets ETF provided a 1.47% dividend yield over the last twelve months, with an annual payout of $1.12 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.12 | $1.16 | $0.83 | $0.87 | $0.75 | $0.72 | $0.35 | $0.29 |
Dividend yield | 1.47% | 2.26% | 2.53% | 2.66% | 2.72% | 2.17% | 1.11% | 1.07% |
Monthly Dividends
The table displays the monthly dividend distributions for Freedom 100 Emerging Markets ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.00 | $0.23 | ||||||
| 2025 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.33 | $1.16 |
| 2024 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.21 | $0.83 |
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.25 | $0.87 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.75 | $0.75 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.50 | $0.72 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Freedom 100 Emerging Markets ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Freedom 100 Emerging Markets ETF was 40.49%, occurring on Mar 23, 2020. Recovery took 163 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -40.49%Mar 2020 | 2mo 9d | 7mo 23d | 10mo 2dJan 2020 - Nov 2020 |
Bear market2022 | -29.25%Oct 2022 | 9mo 4d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
2026 correction2026 | -16.87%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
2025 selloff2025 | -15.44%Apr 2025 | 6mo 13d | 24d | 7mo 7dSep 2024 - May 2025 |
2024 correction2024 | -13.73%Aug 2024 | 21d | 1mo 22d | 2mo 13dJul 2024 - Sep 2024 |
Drawdown Indicators
| FRDM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.49% | -56.78% | +16.29% |
Max Drawdown (1Y)Largest decline over 1 year | -16.87% | -9.10% | -7.77% |
Max Drawdown (3Y)Largest decline over 3 years | -16.87% | -18.90% | +2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -29.25% | -25.43% | -3.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -7.07% | -10.71% | +3.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.37% | 2.03% | +2.34% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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