Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF
ALTAR
Score™		 6.3% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 13.8x P/Sales
ratio		 0.9x
P/BV
ratio		 1.4x Div.
yield		 2.0%


  • 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) $21
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) $3,493
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 91.9%
Small cap (<$2bn) 8.1%
Developed mkts 0.2%
Emerging mkts 99.8%

TOP TEN HOLDINGS
EOPTOLINK TECHNOLOGY INC., LTD. CL 0.7 %
SUZHOU TFC OPTICAL COMMUNICATION C 0.6 %
WUS PRINTED CIRCUIT (KUNSHAN) CO., 0.6 %
SHANGHAI SIYUAN ELECTRIC -A 0.6 %
SAILUN GROUP CO., LTD. CLASS A 0.6 %
BEIJING KUNLUN TECH CO., LTD. CLAS 0.6 %
HUAGONG TECH CO., LTD. CLASS A 0.6 %
SICHUAN KELUN PHARMACEUTICAL CO., 0.5 %
WESTERN MINING CO -A 0.5 %
WINTIME ENERGY CO LTD-A 0.5 %
Total 5.8 %

TOP COUNTRY EXPOSURE
CHINA 94.5 %
BRITISH VIRGIN ISLANDS 0.2 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.9% -19.3% -1.8% -- 1.6%

Market Correlations
versus... Beta R-squared
S&P500 0.49 14%
MSCI EAFE 0.66 24%
MSCI Emg. Mkts. 0.78 36%

Technical Indicators
Recent close $25.89
30d moving avg. $27.94
Annualized volatility 23.2%
Short interest (ETF) 2.7%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.5%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $19,357

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 6.3%


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
(%)
CNYA iShares MSCI China A ETF 8.3 60 5 8.6 +2.3
KURE KraneShares MSCI All China Health Care Index ETF 7.4 65 0 3.6 -2.7
TCHI iShares MSCI China Multisector Tech ETF 7.1 59 6 3.0 -3.3
OBOR KraneShares MSCI One Belt One Road Index ETF 6.1 79 -14 10.3 +4.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 4.8 44 21 10.3 +4.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 4.2 58 7 10.1 +3.8
KSTR KraneShares SSE STAR Market 50 Index ETF 3.8 89 -24 2.7 -3.6
CHIQ Global X MSCI China Consumer Discretionary ETF 3.8 65 0 5.3 -1.0
FLCH Franklin FTSE China ETF 3.8 19 46 9.6 +3.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 3.7 45 20 4.9 -1.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 3.2 45 20 8.6 +2.3
CQQQ Invesco China Technology ETF 2.9 70 -5 -5.7 -12.0
DMAT Global X Disruptive Materials ETF 2.8 59 6 9.9 +3.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 2.8 72 -7 2.2 -4.1
RAYC Rayliant Quantamental China Equity ETF 2.7 80 -15 8.7 +2.4
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 2.6 65 0 5.0 -1.3
KGRN KraneShares MSCI China Clean Technology Index ETF 2.2 79 -14 6.5 +0.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.9 15 50 7.1 +0.8
JCHI JPMorgan Active China ETF 1.8 65 0 7.9 +1.6
GXC SPDR S&P China ETF 1.7 59 6 9.0 +2.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.5 32 33 5.7 -0.6
CNXT VanEck ChiNext ETF 1.4 65 0 4.3 -2.0
MCHI iShares MSCI China ETF 1.4 59 6 8.9 +2.6
DFEV Dimensional Emerging Markets Value ETF 1.4 43 22 10.9 +4.6
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 1.3 45 20 6.2 -0.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.3 41 24 7.8 +1.5
RAYS Global X Solar ETF 1.3 51 14 4.7 -1.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.1 33 32 7.2 +0.9
VWO Vanguard FTSE Emerging Markets ETF 1.1 8 57 7.6 +1.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.0 50 15 10.5 +4.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.0 60 5 10.0 +3.7
ZSB USCF Sustainable Battery Metals Strategy Fund 1.0 61 4 14.8 +8.5
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.0 67 -2 17.5 +11.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.0 38 27 8.2 +1.9
FLAX Franklin FTSE Asia Ex Japan ETF 0.9 19 46 7.2 +0.9
ICLN iShares Global Clean Energy ETF 0.9 41 24 4.3 -2.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.9 11 54 7.7 +1.4
DEHP Dimensional Emerging Markets High Profitability ETF 0.9 41 24 7.3 +1.0
DFAE Dimensional Emerging Core Equity Market ETF 0.8 35 30 7.7 +1.4
EV Mast Global Battery Recycling & Production ETF 0.8 65 0 12.8 +6.5
TTAI FCF International Quality ETF 0.8 59 6 7.4 +1.1
EMGF iShares Emerging Markets Equity Factor ETF 0.8 25 40 8.7 +2.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.8 36 29 7.5 +1.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.7 25 40 7.0 +0.7
LIT Global X Lithium & Battery Tech ETF 0.7 75 -10 10.2 +3.9
DEM WisdomTree Emerging Markets High Dividend Fund 0.7 63 2 12.9 +6.6
KBUY KraneShares CICC China Consumer Leaders Index ETF 0.7 69 -4 0.0 -6.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.6 66 -1 7.2 +0.9
AQWA Global X Clean Water ETF 0.6 50 15 4.3 -2.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.5 59 6 9.6 +3.3
BKF iShares MSCI BIC ETF 0.5 69 -4 7.1 +0.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.5 30 35 7.8 +1.5
WNDY Global X Wind Energy ETF 0.5 50 15 5.2 -1.1
KROP Global X AgTech & Food Innovation ETF 0.4 50 15 4.7 -1.6
GMET VanEck Green Metals ETF 0.4 63 2 9.8 +3.5
GMF SPDR S&P Emerging Asia Pacific ETF 0.3 49 16 6.4 +0.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.3 70 -5 6.3 -0.0
IEMG iShares Core MSCI Emerging Markets ETF 0.3 9 56 7.5 +1.2
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.3 78 -13 8.8 +2.5
ROBO ROBO Global Robotics & Automation Index ETF 0.3 95 -30 2.8 -3.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 33 6.3 -0.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 8 57 7.2 +0.9
MINV Matthews Asia Innovators Active ETF 0.3 79 -14 2.8 -3.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.3 75 -10 3.2 -3.1
VXUS Vanguard Total International Stock ETF 0.2 7 58 7.1 +0.8
EEMA iShares MSCI Emerging Markets Asia ETF 0.2 49 16 6.7 +0.4
SPEM SPDR Portfolio Emerging Markets ETF 0.2 7 58 7.5 +1.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 7 58 6.5 +0.2
EEM iShares MSCI Emerging Markets ETF 0.2 69 -4 7.0 +0.7
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 53 8.7 +2.4
ETEC iShares Breakthrough Environmental Solutions ETF 0.2 47 18 5.3 -1.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 35 8.5 +2.2
VSGX Vanguard ESG International Stock ETF 0.1 12 53 6.8 +0.5
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 36 29 6.8 +0.5
LDEM iShares ESG MSCI EM Leaders ETF 0.1 17 48 7.7 +1.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 35 7.5 +1.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.1 20 45 7.5 +1.2
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 35 6.8 +0.5
VYMI Vanguard International High Dividend Yield ETF 0.1 22 43 9.7 +3.4
VEGI iShares MSCI Agriculture Producers ETF 0.1 39 26 9.2 +2.9
SCHE Schwab Emerging Markets Equity ETF 0.1 11 54 7.6 +1.3
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 49 7.4 +1.1
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 26 11.0 +4.7
ERTH Invesco MSCI Sustainable Future ETF 0.1 62 3 3.7 -2.6
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -24 4.8 -1.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 45 5.6 -0.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.0 20 45 10.7 +4.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 0 7.7 +1.4
IGRO iShares International Dividend Growth ETF 0.0 15 50 7.1 +0.8
SDG iShares MSCI Global Sustainable Development Goals ETF 0.0 49 16 5.8 -0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 24 6.7 +0.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 56 5.7 -0.6
VT Vanguard Total World Stock ETF 0.0 7 58 5.8 -0.5
VIGI Vanguard International Dividend Appreciation ETF 0.0 15 50 5.6 -0.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.0 46 19 8.8 +2.5
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 58 6.9 +0.6
FILL iShares MSCI Global Energy Producers ETF 0.0 39 26 9.0 +2.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 31 6.7 +0.4

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 9.8 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.27 CATEGORY
AVERAGE		 1.39
 
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.