FMKT
The Free Markets ETF
The Free Markets ETF seeks to provide investors with capital appreciation by investing in a diversified portfolio of companies that promote free market principles and benefit from free market-oriented economies.
US
EQUITY
Active
MANAGEMENT STYLE
$ 13.8 M
ASSETS UNDER MGMT
76 bp
EXPENSES
Fund Basics
| Inception date | Jun 09, 2025 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| INTERACTIVE BROKERS GRO-CL A | 3.3 % |
| URANIUM ENERGY CORP | 3.3 % |
| BLACKSTONE GROUP LP/THE | 3.3 % |
| CITIZENS FINANCIAL GROUP, INC. | 3.2 % |
| KEYCORP | 3.2 % |
| FANNIE MAE | 3.0 % |
| WILLIAMS COS INC | 2.9 % |
| MICROSOFT CORP | 2.6 % |
| JOBY AVIATION, INC. | 2.6 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 2.6 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 215 |
| Wgt avg mkt cap (mns) | $72,726 |
| Large cap (>$10bn) | 66.8% |
| Mid cap ($2-10bn) | 20.1% |
| Small cap (<$2bn) | 2.8% |
| Developed mkts. | 97.8% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 97.1 % |
 |
CANADA | 0.9 % |
 |
BRITAIN | 0.6 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -4.5% | -- | -- | -- | -- | -- | -- | 3.7% |
| Dividend Yield | 0.0% | -- | -- | -- | -- | -- | -- | 2.2% |
| Total Returns | -4.5% | -- | -- | -- | -- | -- | -- | 5.9% | Ann. Volatility | 17.7% | -- | -- | -- | -- | -- | -- | 17.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 237,400 |
| ADV traded (mns) | $5,135 |
| Turnover | 37,093.8% |
| Avg. Bid/Ask (% of price) | 0.12% |
Technical Indicators
| 30d moving avg. (EMA) | $21.39 |
| Relative strength (RSI) | 51 |
| MACD/Signal | 0.25/0.16 |
| Bollinger Bands (Upper/Lower) | $22.70/$19.73 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FMKT |
Expenses vs. FMKT |
ALTAR Score™ vs. FMKT |
|---|---|---|---|---|
| RSPF | Invesco S&P 500 Equal Weight Financials ETF | 15.0% | -36 bp | +2.9% |
| EGLE | Global X S&P 500 U.S. Revenue Leaders ETF | 15.0% | -57 bp | +1.1% |
| PDP | Invesco Dorsey Wright Momentum ETF | 14.7% | -14 bp | -2.1% |
| BGIG | Bahl & Gaynor Income Growth ETF | 14.2% | -31 bp | +0.6% |
| LVDS | JPMorgan Fundamental Data Science Large Value ETF | 14.1% | -27 bp | +1.2% |
| FFF | Founders 100 ETF | 14.0% | -1 bp | -1.3% |
| KCE | State Street SPDR S&P Capital Markets ETF | 13.8% | -41 bp | +1.9% |
| CDL | VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 13.3% | -41 bp | +2.8% |
| PFI | Invesco Dorsey Wright Financial Momentum ETF | 13.2% | -16 bp | +1.2% |
| CDC | VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 13.2% | -38 bp | +2.7% |
Risk and Returns: FMKT vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/27/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
4.5%
ALTAR SCORE™
32nd
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,196 funds in the US Equity category with an average
ALTAR Score™ of 5.5% and a standard deviation
of 2.1%. FMKT's ALTAR Score™ is approximately -0.5 standard
deviations above the category average. This places FMKT in the 32nd percentile
among funds in the category.
Sell-Side Consensus
$26.74
PRICE TARGET
+23.6%
UPSIDE