Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF
ALTAR
Score™		 6.2% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 15.5x P/Sales
ratio		 0.9x
P/BV
ratio		 1.6x Div.
yield		 1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Xtrackers Harvest CSI 500 China-A Shares Small Cap Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the CSI 500 Net Total Return Index USD.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Harvest Global Investments Ltd
Website www.DBXUS.com
Inception date May 21, 2014
Assets (mns) $41
Currency USD
Expense ratio 65 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 497
Wgt avg mkt cap (mns) $3,713
Large cap (>$10bn) 3.7%
Mid cap ($2-10bn) 91.0%
Small cap (<$2bn) 5.4%
Developed mkts 0.2%
Emerging mkts 99.8%

TOP TEN HOLDINGS
EOPTOLINK TECHNOLOGY INC., LTD. CL 1.2 %
SHANGHAI SIYUAN ELECTRIC -A 0.7 %
ANHUI JIANGHUAI AUTO CO-A 0.6 %
SUZHOU DONGSHAN PRECISION MANUFACT 0.6 %
CHIFENG JILONG GOLD MINING CO., LT 0.6 %
SAILUN GROUP CO., LTD. CLASS A 0.6 %
GEM CO., LTD. CLASS A 0.6 %
CHONGQING RURAL COMMERCIAL BANK CO 0.6 %
SUZHOU TFC OPTICAL COMMUNICATION C 0.5 %
ZHENGZHOU YUTONG BUS CO., LTD. CLA 0.5 %
Total 6.6 %

TOP COUNTRY EXPOSURE
CHINA 91.6 %
BRITISH VIRGIN ISLANDS 0.2 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
11.1% 11.5% 4.4% 0.1% 2.8%

Market Correlations
versus... Beta R-squared
S&P500 0.44 8%
MSCI EAFE 0.57 14%
MSCI Emg. Mkts. 0.90 34%

Technical Indicators
Recent close $29.59
30d moving avg. $29.02
Annualized volatility 27.2%
Short interest (ETF) 3.5%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 37
Turnover 2.6%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $34,914

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 104 potential alternatives to the Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF ETF based on the alternatives' overlap in portfolio holdings with ASHS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ASHS Expense: 65 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ASHS
Ticker Fund
Name		 Overlap1
vs ASHS
(%)		 Expense
ratio
(bp)		 Savings
vs ASHS
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs ASHS
(%)
OBOR KraneShares MSCI One Belt One Road Index ETF 5.5 79 -14 10.3 +4.1
CNYA iShares MSCI China A ETF 5.4 60 5 8.0 +1.8
TCHI iShares MSCI China Multisector Tech ETF 5.2 59 6 1.9 -4.3
RAYC Rayliant Quantamental China Equity ETF 4.6 80 -15 8.6 +2.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 4.3 44 21 10.6 +4.5
KURE KraneShares MSCI All China Health Care Index ETF 4.1 65 0 4.3 -1.9
KSTR KraneShares SSE STAR Market 50 Index ETF 4.1 89 -24 2.1 -4.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 3.5 58 7 10.2 +4.0
FLCH Franklin FTSE China ETF 3.4 19 46 8.8 +2.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 3.3 45 20 -0.6 -6.7
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 3.2 65 0 3.9 -2.3
DMAT Global X Disruptive Materials ETF 3.1 59 6 10.5 +4.3
CQQQ Invesco China Technology ETF 2.5 70 -5 -7.9 -14.1
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 2.4 72 -7 1.0 -5.2
MCH Matthews China Active ETF 2.1 79 -14 5.4 -0.8
CHIQ Global X MSCI China Consumer Discretionary ETF 2.0 65 0 5.9 -0.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.9 45 20 11.0 +4.8
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.9 67 -2 15.0 +8.9
LIMI Themes Lithium & Battery Metal Miners ETF 1.7 35 30 4.7 -1.5
GXC SPDR S&P China ETF 1.5 59 6 8.3 +2.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.5 32 33 6.1 -0.1
JCHI JPMorgan Active China ETF 1.4 65 0 8.0 +1.8
CNXT VanEck ChiNext ETF 1.4 65 0 4.1 -2.1
DFEV Dimensional Emerging Markets Value ETF 1.3 43 22 11.1 +4.9
ILIT iShares Lithium Miners and Producers ETF 1.1 47 18 12.3 +6.1
RAYS Global X Solar ETF 1.1 51 14 6.9 +0.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.1 41 24 7.4 +1.2
DEHP Dimensional Emerging Markets High Profitability ETF 1.1 41 24 5.0 -1.2
EV Mast Global Battery Recycling & Production ETF 1.1 65 0 12.2 +6.1
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 1.0 45 20 5.7 -0.5
VWO Vanguard FTSE Emerging Markets ETF 1.0 8 57 6.9 +0.8
KGRN KraneShares MSCI China Clean Technology Index ETF 1.0 79 -14 5.6 -0.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 0.9 60 5 9.8 +3.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.9 38 27 7.8 +1.6
MCHI iShares MSCI China ETF 0.9 59 6 8.4 +2.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.9 50 15 13.0 +6.8
DFAE Dimensional Emerging Core Equity Market ETF 0.8 35 30 7.3 +1.1
EMGF iShares Emerging Markets Equity Factor ETF 0.8 25 40 8.5 +2.3
WNDY Global X Wind Energy ETF 0.8 50 15 6.1 -0.1
LIT Global X Lithium & Battery Tech ETF 0.8 75 -10 9.1 +2.9
ZSB USCF Sustainable Battery Metals Strategy Fund 0.8 61 4 18.6 +12.4
CGRO CoreValues Alpha Greater China Growth ETF 0.7 75 -10 2.0 -4.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.7 33 32 8.2 +2.1
AQWA Global X Clean Water ETF 0.7 50 15 4.2 -2.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.7 15 50 7.2 +1.1
ICLN iShares Global Clean Energy ETF 0.7 41 24 6.0 -0.2
DEM WisdomTree Emerging Markets High Dividend Fund 0.6 63 2 18.9 +12.7
ION ProShares S&P Global Core Battery Metals ETF 0.5 58 7 15.5 +9.4
BKEM BNY Mellon Emerging Markets Equity ETF 0.5 11 54 8.4 +2.2
FLAX Franklin FTSE Asia Ex Japan ETF 0.4 19 46 6.9 +0.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 35 8.0 +1.8
KROP Global X AgTech & Food Innovation ETF 0.4 50 15 4.7 -1.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.4 59 6 11.3 +5.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.4 66 -1 10.0 +3.8
TTAI FCF International Quality ETF 0.4 59 6 5.6 -0.6
ETEC iShares Breakthrough Environmental Solutions ETF 0.4 47 18 8.0 +1.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.4 25 40 6.6 +0.5
ROBO ROBO Global Robotics & Automation Index ETF 0.4 95 -30 3.5 -2.7
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 8 57 7.3 +1.1
GMF SPDR S&P Emerging Asia Pacific ETF 0.3 49 16 6.1 -0.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 19 9.3 +3.2
VXUS Vanguard Total International Stock ETF 0.3 7 58 7.2 +1.0
BKF iShares MSCI BIC ETF 0.3 69 -4 6.9 +0.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.3 12 53 8.3 +2.1
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 0 8.2 +2.0
EFRA iShares Environmental Infrastructure and Industrials ETF 0.3 47 18 4.9 -1.3
NUEM Nuveen ESG Emerging Markets Equity ETF 0.3 36 29 6.5 +0.3
SPEM SPDR Portfolio Emerging Markets ETF 0.3 7 58 7.3 +1.1
IEMG iShares Core MSCI Emerging Markets ETF 0.2 9 56 7.5 +1.3
VSGX Vanguard ESG International Stock ETF 0.2 12 53 6.8 +0.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.2 70 -5 6.2 -0.0
COPA Themes Copper Miners ETF 0.2 35 30 7.3 +1.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.2 32 33 6.2 +0.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.2 75 -10 2.9 -3.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 7 58 6.7 +0.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 50 10.2 +4.1
VYMI Vanguard International High Dividend Yield ETF 0.2 22 43 9.8 +3.7
EEM iShares MSCI Emerging Markets ETF 0.2 69 -4 6.9 +0.7
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.2 78 -13 9.0 +2.8
GMET VanEck Green Metals ETF 0.2 63 2 10.7 +4.5
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 49 16 6.5 +0.3
LDEM iShares ESG MSCI EM Leaders ETF 0.1 17 48 7.6 +1.5
SCHE Schwab Emerging Markets Equity ETF 0.1 11 54 7.1 +0.9
IGRO iShares International Dividend Growth ETF 0.1 15 50 7.5 +1.4
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -24 4.9 -1.3
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 35 6.9 +0.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 35 8.1 +1.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.1 20 45 6.8 +0.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 29 7.8 +1.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.0 30 35 7.3 +1.1
SDG iShares MSCI Global Sustainable Development Goals ETF 0.0 49 16 5.6 -0.5
VEGI iShares MSCI Agriculture Producers ETF 0.0 39 26 9.2 +3.0
EMXF iShares ESG Advanced MSCI EM ETF 0.0 16 49 6.8 +0.7
PICK iShares MSCI Global Metals & Mining Producers ETF 0.0 39 26 12.8 +6.7
AVEM Avantis Emerging Markets Equity ETF 0.0 33 32 8.9 +2.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 45 5.2 -1.0
VT Vanguard Total World Stock ETF 0.0 7 58 5.5 -0.7
GLOF iShares Global Equity Factor ETF 0.0 20 45 7.0 +0.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 56 5.4 -0.8
VIGI Vanguard International Dividend Appreciation ETF 0.0 15 50 6.4 +0.2
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 58 7.2 +1.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 31 7.0 +0.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 24 7.4 +1.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 47 7.0 +0.8

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.0 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.37 CATEGORY
AVERAGE		 1.48
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.