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FMKT - ETF AI Analysis
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Free Markets ETF (FMKT)
Rating:64Neutral
Price Target:―
Positive Factors
Strong Leading Holding
The largest position, Uranium Energy, has shown very strong gains this year, giving the fund a performance boost.
Broad Sector Mix
Holdings spread across industrials, health care, financials, energy, utilities, and other sectors help reduce reliance on any single industry.
Mostly Positive Top Holdings
Most of the top 10 stocks have delivered positive results this year, supporting the ETF’s overall year-to-date gains.
Negative Factors
High U.S. Concentration
With the vast majority of assets in U.S. companies, the fund offers little geographic diversification outside the United States.
Relatively High Expense Ratio
The fund’s expense ratio is on the higher side for an ETF, which can eat into long-term returns compared with lower-cost options.
Recent Short-Term Weakness
The ETF has slipped over the past one and three months, and a few top holdings like Biogen and Blackstone have been weak recently, which may weigh on near-term performance.
FMKT vs. SPDR S&P 500 ETF (SPY)
AUM17.65M
RegionNorth America
Expense Ratio0.76%
Beta0.84
IssuerFree Market
Inception DateJun 09, 2025
Dividend Yield2.11%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume5,299
30 Day Avg. Volume8,238
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
24.66Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering45
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FMKT Summary
The Free Markets ETF (FMKT) is an actively managed U.S. stock fund that looks for companies likely to benefit from changes in government rules and regulations, rather than tracking a set index. It invests across many sectors, including industrials, health care, financials, and energy, and holds well-known names like Blackstone and Biogen. Investors might consider FMKT if they want broad U.S. market exposure with a tilt toward companies that could gain from deregulation and some indirect exposure to cryptocurrencies. A key risk is that this focused strategy and stock market exposure mean the fund’s value can rise and fall significantly over time.
How much will it cost me?The Free Markets ETF (FMKT) has an expense ratio of 0.76%, meaning you’ll pay $7.60 per year for every $1,000 invested. This is higher than the average expense ratio for ETFs because FMKT is actively managed, requiring more research and analysis compared to passively managed funds.
What would affect this ETF?The Free Markets ETF (FMKT) could benefit from deregulation in sectors like energy, financials, and technology, which are key areas of its portfolio. However, it may face challenges if stricter regulations are introduced or if economic conditions, such as rising interest rates, negatively impact industries like utilities and real estate. Additionally, its indirect exposure to cryptocurrencies adds potential for growth but also introduces volatility risks.
FMKT Top 10 Holdings
FMKT leans into a very U.S.-centric, regulation-sensitive mix, with energy, financials, and industrials setting the tone. Uranium Energy has been a standout, giving the fund a strong tailwind, while Peabody Energy and Interactive Brokers are also rising and helping drive returns. On the flip side, Blackstone has been more of a steady-to-lagging presence lately, and Biogen looks like it’s losing steam despite earlier momentum. With several regional banks like KeyCorp and Citizens Financial recovering, the fund is concentrated in cyclical, policy-driven names rather than Big Tech heavyweights.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| ― | 10.25% | $1.81M | ― | ― | ― | |
| Nexstar Media Group | 3.73% | $657.84K | $7.22B | 54.75% | 69 Neutral | |
| Williams Co | 3.62% | $638.56K | $88.10B | 27.05% | 76 Outperform | |
| Biogen | 3.38% | $597.56K | $28.49B | 36.54% | 74 Outperform | |
| Peabody Energy Comm | 3.22% | $567.84K | $4.05B | 129.03% | 61 Neutral | |
| Uranium Energy | 3.14% | $554.47K | $7.73B | 186.09% | 54 Neutral | |
| Citizens Financial | 3.14% | $554.05K | $27.64B | 45.48% | 75 Outperform | |
| Interactive Brokers | 3.10% | $547.23K | $33.36B | 36.05% | 75 Outperform | |
| KeyCorp | 3.08% | $543.86K | $23.82B | 31.13% | 69 Neutral | |
| Dominion Energy | 2.76% | $487.81K | $55.27B | 14.85% | 63 Neutral |
FMKT Technical Analysis
Positive
―
Price Trends
22.12
Negative
22.33
Negative
Market Momentum
-0.06
Negative
49.36
Neutral
65.35
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FMKT, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 22.02, equal to the 50-day MA of 22.12, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 49.36 is Neutral, neither overbought nor oversold. The STOCH value of 65.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FMKT.
FMKT Peer Comparison
Comparison Results
Performance Comparison
FMKT
Free Markets ETF
22.04
2.36
11.99%
BAMD
Brookstone Dividend Stock ETF
―
―
―
SOVF
Sovereign's Capital Flourish Fund
―
―
―
STNC
Stance Equity ESG Large Cap Core ETF
―
―
―
RFDA
RiverFront Dynamic US Dividend Advantage ETF
―
―
―
VAMO
Cambria Value & Momentum ETF
―
―
―
Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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