CoreValues Alpha Greater China Growth ETF
ALTAR
Score™		 4.3% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 16.6x P/Sales
ratio		 1.3x
P/BV
ratio		 2.8x Div.
yield		 0.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
CGRO is an actively managed ETF investing in stocks of companies operating in high-growth sectors in Greater China, which includes mainland China, Taiwan, and China's special administrative regions, such as Hong Kong. The strategy seeks to capture economic gains or "alpha" in China without falling afoul of US sanctions or compromising American values or national interests.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor CVA Funds
Website
Inception date Oct 16, 2023
Assets (mns) $9
Currency USD
Expense ratio 75 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 25
Wgt avg mkt cap (mns) $110,299
Large cap (>$10bn) 85.8%
Mid cap ($2-10bn) 11.1%
Small cap (<$2bn) 3.1%
Developed mkts 32.4%
Emerging mkts 67.7%

TOP TEN HOLDINGS
XIAOMI CORP. CLASS B 8.7 %
BYD CO LTD-H 8.7 %
POP MART INTERNATIONAL GROUP LIMIT 7.6 %
PINDUODUO, INC. SPONSORED ADR CLAS 7.3 %
ALIBABA GROUP HOLDING LTD. SPONSOR 6.8 %
TENCENT HOLDINGS LTD 6.7 %
LUCKIN COFFEE INC - ADR 4.9 %
JD.COM, INC. CLASS A 4.7 %
MEITUAN DIANPING 4.5 %
TRIP.COM GROUP LTD. SPONSORED ADR 4.4 %
Total 64.4 %

TOP COUNTRY EXPOSURE
CHINA 82.7 %
HONG KONG 2.9 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 30)
Year-to-date 1 year 5 years 10 years Since Incep.
10.6% 23.8% -- -- 17.3%

Market Correlations
versus... Beta R-squared
S&P500 -0.09 0%
MSCI EAFE 0.73 12%
MSCI Emg. Mkts. 1.89 42%

Technical Indicators
Recent close $25.32
30d moving avg. $25.63
Annualized volatility 26.7%
Short interest (ETF) 0.1%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.70%
ADV underlying (mns) $44,706

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 250 potential alternatives to the CoreValues Alpha Greater China Growth ETF ETF based on the alternatives' overlap in portfolio holdings with CGRO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CGRO Expense: 75 bp ALTAR Score™: 4.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CGRO
Ticker Fund
Name		 Overlap1
vs CGRO
(%)		 Expense
ratio
(bp)		 Savings
vs CGRO
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs CGRO
(%)
CHIQ Global X MSCI China Consumer Discretionary ETF 30.8 65 10 15.5 +11.2
FXI iShares China Large-Cap ETF 27.9 74 1 18.9 +14.6
MCH Matthews China Active ETF 27.9 79 -4 16.3 +12.0
KTEC KraneShares Hang Seng TECH Index ETF 26.7 69 6 21.6 +17.3
KWEB KraneShares CSI China Internet ETF 26.0 69 6 28.4 +24.1
MCHI iShares MSCI China ETF 24.9 59 16 18.9 +14.6
FLCH Franklin FTSE China ETF 24.2 19 56 17.9 +13.6
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 23.6 86 -11 14.1 +9.8
EEMO Invesco S&P Emerging Markets Momentum ETF 22.3 29 46 6.8 +2.5
GXC SPDR S&P China ETF 22.1 59 16 17.5 +13.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 21.9 32 43 19.0 +14.7
FDNI First Trust Dow Jones International Internet ETF 21.8 65 10 19.9 +15.6
MINV Matthews Asia Innovators Active ETF 21.5 79 -4 7.8 +3.5
TCHI iShares MSCI China Multisector Tech ETF 21.1 59 16 22.0 +17.7
KALL KraneShares MSCI All China Index ETF 20.9 49 26 14.9 +10.6
CQQQ Invesco China Technology ETF 20.7 70 5 19.5 +15.2
JCHI JPMorgan Active China ETF 18.8 65 10 16.5 +12.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 17.6 20 55 10.8 +6.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 17.2 15 60 8.6 +4.3
AIA iShares Asia 50 ETF 17.0 50 25 14.7 +10.4
BKF iShares MSCI BIC ETF 16.9 69 6 13.8 +9.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 15.1 60 15 12.7 +8.4
EMC Global X Emerging Markets Great Consumer ETF 15.0 75 0 8.4 +4.1
FPXI First Trust International Equity Opportunities ETF 14.4 70 5 3.6 -0.7
ONLN ProShares Online Retail ETF 14.1 58 17 3.5 -0.8
MEM Matthews Emerging Markets Equity Active ETF 13.8 79 -4 8.5 +4.2
EBIZ Global X E-Commerce ETF 13.8 50 25 4.4 +0.1
DEHP Dimensional Emerging Markets High Profitability ETF 13.6 41 34 7.2 +2.9
FCA First Trust China AlphaDEX Fund 13.6 80 -5 9.9 +5.6
EEMA iShares MSCI Emerging Markets Asia ETF 13.1 49 26 10.9 +6.6
ISHP First Trust Nasdaq Retail ETF 12.8 60 15 6.0 +1.7
ECON Columbia Emerging Markets Consumer ETF 12.7 49 26 13.3 +9.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 12.1 70 5 9.9 +5.6
FLAX Franklin FTSE Asia Ex Japan ETF 11.9 19 56 10.0 +5.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 11.5 40 35 7.3 +3.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 11.4 30 45 10.9 +6.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 11.3 66 9 10.5 +6.2
PGJ Invesco Golden Dragon China ETF 11.3 70 5 15.0 +10.7
DINT Davis Select International ETF 11.3 55 20 8.3 +4.0
GMF SPDR S&P Emerging Asia Pacific ETF 11.2 49 26 10.1 +5.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 10.5 36 39 10.4 +6.1
DWLD Davis Select Worldwide ETF 10.4 63 12 7.7 +3.4
BKEM BNY Mellon Emerging Markets Equity ETF 10.4 11 64 10.6 +6.3
EEM iShares MSCI Emerging Markets ETF 10.4 69 6 10.8 +6.5
SCHE Schwab Emerging Markets Equity ETF 10.3 11 64 11.8 +7.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 10.2 15 60 10.9 +6.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 10.2 33 42 10.7 +6.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 10.0 45 30 11.1 +6.8
ESGE iShares ESG Aware MSCI EM ETF 9.7 25 50 10.7 +6.4
VWO Vanguard FTSE Emerging Markets ETF 9.7 8 67 11.1 +6.8
PATN Pacer Nasdaq International Patent Leaders ETF 9.7 65 10 6.6 +2.3
SPEM SPDR Portfolio Emerging Markets ETF 9.1 7 68 11.0 +6.7
SMOG VanEck Low Carbon Energy ETF 9.0 61 14 1.6 -2.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 9.0 32 43 9.7 +5.4
IEMG iShares Core MSCI Emerging Markets ETF 9.0 9 66 11.0 +6.7
AIQ Global X Artificial Intelligence & Technology ETF 8.9 68 7 4.3 -0.0
LDEM iShares ESG MSCI EM Leaders ETF 8.8 17 58 14.0 +9.7
AVEM Avantis Emerging Markets Equity ETF 8.7 33 42 9.5 +5.2
DFAE Dimensional Emerging Core Equity Market ETF 8.7 35 40 10.2 +5.9
EMGF iShares Emerging Markets Equity Factor ETF 8.2 25 50 12.3 +8.0
JHEM John Hancock Multifactor Emerging Markets ETF 8.0 49 26 10.7 +6.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 8.0 41 34 9.5 +5.2
ESPO VanEck Video Gaming and eSports ETF 8.0 56 19 4.4 +0.1
FDEM Fidelity Emerging Markets Multifactor ETF 7.8 25 50 13.6 +9.3
ODDS Pacer BlueStar Digital Entertainment ETF 7.7 60 15 2.3 -2.0
KGRN KraneShares MSCI China Clean Technology Index ETF 7.7 79 -4 3.8 -0.5
ERTH Invesco MSCI Sustainable Future ETF 7.3 62 13 3.6 -0.7
NUEM Nuveen ESG Emerging Markets Equity ETF 7.2 36 39 8.2 +3.9
XNTK SPDR NYSE Technology ETF 7.2 35 40 4.1 -0.3
BATT Amplify Lithium & Battery Technology ETF 7.1 59 16 3.8 -0.5
FDCF Fidelity Disruptive Communications ETF 7.0 50 25 3.4 -0.9
IDRV iShares Self-driving EV & Tech ETF 7.0 47 28 2.7 -1.6
PXH Invesco FTSE RAFI Emerging Markets ETF 6.8 49 26 17.0 +12.7
SOCL Global X Social Media ETF 6.7 65 10 12.4 +8.1
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 6.7 75 0 5.2 +0.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 6.7 38 37 10.0 +5.7
FDRV Fidelity Electric Vehicles and Future Transportation ETF 6.3 39 36 -1.3 -5.6
ARVR First Trust Indxx Metaverse ETF 6.2 70 5 4.5 +0.2
OGIG ALPS O'Shares Global Internet Giants ETF 6.0 48 27 1.6 -2.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 5.4 95 -20 13.3 +9.0
JIG JPMorgan International Growth ETF 5.4 55 20 4.7 +0.4
OND ProShares On-Demand ETF 5.4 58 17 0.8 -3.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 5.3 59 16 12.3 +8.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 5.2 39 36 17.2 +12.9
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 5.2 90 -15 8.1 +3.8
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 5.0 65 10 8.1 +3.8
FEM First Trust Emerging Markets AlphaDEX Fund 5.0 80 -5 12.0 +7.7
UMMA Wahed Dow Jones Islamic World ETF 5.0 65 10 5.3 +1.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 4.9 30 45 10.2 +5.9
MOTI VanEck Morningstar International Moat ETF 4.9 58 17 12.8 +8.5
RAYC Rayliant Quantamental China Equity ETF 4.8 80 -5 8.9 +4.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.7 60 15 7.1 +2.8
LIT Global X Lithium & Battery Tech ETF 4.7 75 0 6.5 +2.2
BNGE First Trust S-Network Streaming and Gaming ETF 4.5 70 5 3.2 -1.1
BEDZ AdvisorShares Hotel ETF 4.4 100 -25 7.4 +3.1
AWAY ETFMG Travel Tech ETF 4.4 76 -1 -0.1 -4.4
FMET Fidelity Metaverse ETF 4.4 39 36 5.2 +0.9
IXP iShares Global Comm Services ETF 4.3 42 33 6.3 +2.0
MOTO SmartETFs Smart Transportation & Technology ETF 4.3 68 7 7.7 +3.4
EMXF iShares ESG Advanced MSCI EM ETF 4.2 16 59 8.6 +4.3
CLNR IQ Cleaner Transport ETF 4.1 45 30 6.9 +2.6
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 3.9 55 20 8.3 +4.0
IVRS iShares Future Metaverse Tech and Communications ETF 3.9 47 28 2.9 -1.5
GGME Invesco Next Gen Media and Gaming ETF 3.9 60 15 4.6 +0.3
MOTG VanEck Morningstar Global Wide Moat ETF 3.8 52 23 6.8 +2.5
WUGI AXS Esoterica NextG Economy ETF 3.8 75 0 2.6 -1.7
FFTY Innovator IBD 50 ETF 3.7 80 -5 -0.4 -4.7
WRND IQ Global Equity R&D Leaders ETF 3.7 18 57 8.9 +4.6
HAIL SPDR S&P Kensho Smart Mobility ETF 3.7 45 30 2.7 -1.6
CHAT Roundhill Generative AI & Technology ETF 3.6 75 0 7.0 +2.7
AADR AdvisorShares Dorsey Wright ADR ETF 3.6 110 -35 5.1 +0.8
IBLC iShares Blockchain and Tech ETF 3.5 47 28 -3.7 -8.0
RXI iShares Global Consumer Discretionary ETF 3.4 41 34 9.1 +4.8
BINV Brandes International ETF 3.4 70 5 9.8 +5.5
ROAM Hartford Multifactor Emerging Markets ETF 3.3 44 31 12.3 +8.0
TTAI FCF International Quality ETF 3.2 59 16 7.1 +2.8
FBOT Fidelity Disruptive Automation ETF 3.2 50 25 3.9 -0.5
ANEW ProShares MSCI Transformational Changes ETF 3.2 45 30 6.3 +2.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.2 41 34 7.8 +3.5
CWI SPDR MSCI ACWI ex-US ETF 3.2 30 45 7.9 +3.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 3.1 18 57 8.0 +3.7
ACWX iShares MSCI ACWI ex U.S. ETF 3.1 34 41 7.9 +3.6
IBUY Amplify Online Retail ETF 3.0 65 10 3.0 -1.3
RNEM First Trust Emerging Markets Equity Select ETF 2.9 75 0 7.0 +2.7
METV Roundhill Ball Metaverse ETF 2.9 59 16 7.4 +3.1
VEU Vanguard FTSE All-World ex-US Index Fund 2.9 8 67 8.3 +4.0
PNQI Invesco NASDAQ Internet ETF 2.8 60 15 3.6 -0.7
CGXU Capital Group International Focus Equity ETF 2.7 54 21 5.8 +1.5
ABLG Abacus FCF International Leaders ETF 2.7 59 16 6.2 +1.9
IXUS iShares Core MSCI Total International Stock ETF 2.6 7 68 8.1 +3.8
GVIP Goldman Sachs Hedge Industry VIP ETF 2.6 45 30 3.5 -0.8
VXUS Vanguard Total International Stock ETF 2.6 7 68 8.2 +3.9
GINN Goldman Sachs Innovate Equity ETF 2.6 52 23 4.2 -0.1
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 2.4 61 14 1.5 -2.8
PTEC Global X PropTech ETF 2.3 50 25 1.7 -2.6
KOCG FIS Knights of Columbus Global Belief ETF 2.3 75 0 5.1 +0.8
APIE ActivePassive International Equity ETF 2.2 45 30 7.6 +3.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.1 67 8 14.0 +9.7
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.1 75 0 3.3 -1.0
NXTG First Trust Indxx NextG ETF 2.0 70 5 5.6 +1.3
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.0 57 18 4.0 -0.3
QNXT iShares Nasdaq-100 ex Top 30 ETF 2.0 20 55 4.4 +0.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 2.0 25 50 6.5 +2.2
IPKW Invesco International BuyBack Achievers ETF 2.0 55 20 14.5 +10.2
EWH iShares MSCI Hong Kong ETF 1.9 50 25 5.9 +1.6
VSGX Vanguard ESG International Stock ETF 1.9 12 63 8.0 +3.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.9 65 10 8.2 +3.9
QTUM Defiance Quantum ETF 1.8 40 35 6.6 +2.3
IQDF FlexShares International Quality Dividend Index Fund 1.8 47 28 9.3 +5.0
FDTX Fidelity Disruptive Technology ETF 1.8 50 25 2.8 -1.5
BUYZ Franklin Disruptive Commerce ETF 1.7 50 25 2.3 -2.0
DSTX Distillate International Fundamental Stability & Value ETF 1.7 55 20 8.3 +4.0
DRIV Global X Autonomous & Electric Vehicles ETF 1.7 68 7 6.9 +2.6
CCSO Carbon Collective Climate Solutions US Equity ETF 1.7 35 40 1.2 -3.1
BOTZ Global X Robotics & Artificial Intelligence ETF 1.7 69 6 2.5 -1.8
KNCT Invesco Next Gen Connectivity ETF 1.6 40 35 5.2 +0.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.6 30 45 8.3 +4.0
KOMP SPDR S&P Kensho New Economies Composite ETF 1.5 20 55 3.6 -0.7
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.5 45 30 10.8 +6.5
DGT SPDR Global Dow ETF 1.5 50 25 7.4 +3.1
DFEV Dimensional Emerging Markets Value ETF 1.5 43 32 14.1 +9.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.5 50 25 11.9 +7.6
PBW Invesco WilderHill Clean Energy ETF 1.4 66 9 -5.3 -9.6
KLMT Invesco MSCI Global Climate 500 ETF 1.4 10 65 6.0 +1.7
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.4 20 55 5.2 +0.9
BWEB Bitwise Web3 ETF 1.4 85 -10 0.2 -4.1
IOO iShares Global 100 ETF 1.4 41 34 5.2 +0.9
CARZ First Trust NASDAQ Global Auto Index Fund 1.4 70 5 6.1 +1.8
QQQJ Invesco NASDAQ Next Gen 100 ETF 1.4 15 60 5.5 +1.2
EMMF WisdomTree Emerging Markets Multifactor Fund 1.4 48 27 8.1 +3.8
ARKF ARK Fintech Innovation ETF 1.3 75 0 -0.4 -4.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.3 47 28 8.5 +4.2
CNYA iShares MSCI China A ETF 1.3 60 15 7.2 +2.9
GURU Global X Guru Index ETF 1.2 75 0 4.1 -0.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.2 35 40 4.4 +0.1
TRFM AAM Transformers ETF 1.2 49 26 1.8 -2.6
RGEF Rockefeller Global Equity ETF 1.2 55 20 5.1 +0.8
PBD Invesco Global Clean Energy ETF 1.2 75 0 0.5 -3.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.1 12 63 5.3 +1.0
ACWI iShares MSCI ACWI ETF 1.1 32 43 5.9 +1.6
CGIE Capital Group International Equity ETF 1.1 54 21 5.0 +0.7
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.0 68 7 0.3 -4.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.0 9 66 6.1 +1.8
ETEC iShares Breakthrough Environmental Solutions ETF 1.0 47 28 3.9 -0.4
JETS U.S. Global Jets ETF 1.0 60 15 3.8 -0.5
ACWV iShares MSCI Global Min Vol Factor ETF 1.0 20 55 5.8 +1.5
VT Vanguard Total World Stock ETF 1.0 7 68 6.2 +1.9
CGGO Capital Group Global Growth Equity ETF 0.9 47 28 4.9 +0.6
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.9 58 17 4.1 -0.2
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.9 65 10 3.3 -1.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.9 20 55 6.0 +1.7
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.9 61 14 -2.3 -6.6
SFYF SoFi Social 50 ETF 0.9 29 46 0.2 -4.1
TEMP JPMorgan Climate Change Solutions ETF 0.8 49 26 5.9 +1.6
IXN iShares Global Tech ETF 0.7 41 34 4.2 -0.1
OBOR KraneShares MSCI One Belt One Road Index ETF 0.7 79 -4 8.8 +4.5
GLOF iShares Global Equity Factor ETF 0.7 20 55 6.9 +2.6
XT iShares Exponential Technologies ETF 0.7 46 29 5.7 +1.4
IGRO iShares International Dividend Growth ETF 0.6 15 60 7.1 +2.8
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.6 65 10 6.2 +1.9
FFLC Fidelity Fundamental Large Cap Core ETF 0.5 38 37 4.9 +0.6
JGRO JPMorgan Active Growth ETF 0.5 44 31 3.7 -0.6
QQQM Invesco NASDAQ 100 ETF 0.5 15 60 4.4 +0.1
QQQ Invesco QQQ Trust Series I 0.5 20 55 4.3 -0.0
CVAR Cultivar ETF 0.5 87 -12 7.3 +3.0
VIGI Vanguard International Dividend Appreciation ETF 0.5 15 60 6.1 +1.8
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.4 58 17 5.0 +0.7
CLOU Global X Cloud Computing ETF 0.4 68 7 2.0 -2.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.4 70 5 15.5 +11.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 54 4.1 -0.3
ROBO ROBO Global Robotics & Automation Index ETF 0.4 95 -20 3.9 -0.4
INTF iShares International Equity Factor ETF 0.4 15 60 7.8 +3.5
FBCG Fidelity Blue Chip Growth ETF 0.4 59 16 3.2 -1.1
EPP iShares MSCI Pacific ex-Japan ETF 0.3 47 28 5.5 +1.2
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 55 4.3 +0.0
AVES Avantis Emerging Markets Value ETF 0.3 36 39 12.0 +7.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 33 6.8 +2.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.2 44 31 10.9 +6.6
EFRA iShares Environmental Infrastructure and Industrials ETF 0.2 47 28 5.3 +1.0
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.2 35 40 20.9 +16.6
JAVA JPMorgan Active Value ETF 0.2 44 31 6.7 +2.4
VYMI Vanguard International High Dividend Yield ETF 0.1 22 53 9.8 +5.5
IPAC iShares Core MSCI Pacific ETF 0.1 9 66 6.9 +2.6
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 10 8.3 +4.0
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 63 5.5 +1.2
EFG iShares MSCI EAFE Growth ETF 0.1 36 39 4.4 +0.1
IQSI IQ Candriam International Equity ETF 0.1 15 60 6.6 +2.3
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 45 6.2 +1.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 36 6.1 +1.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 50 7.2 +2.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 36 6.8 +2.5
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 45 5.4 +1.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.0 36 39 6.7 +2.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 55 7.0 +2.7
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.0 12 63 6.1 +1.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.0 20 55 6.4 +2.1
EFA iShares MSCI EAFE ETF 0.0 35 40 6.9 +2.6
BKIE BNY Mellon International Equity ETF 0.0 4 71 7.1 +2.8
IEFA iShares Core MSCI EAFE ETF 0.0 7 68 7.2 +2.9
DEM WisdomTree Emerging Markets High Dividend Fund 0.0 63 12 13.6 +9.3
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 71 7.2 +2.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 72 7.2 +2.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 26 7.3 +3.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 7 68 7.0 +2.7
AVDE Avantis International Equity ETF 0.0 23 52 7.7 +3.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 66 5.4 +1.1
URTH iShares MSCI World ETF 0.0 24 51 5.4 +1.1
TOK iShares MSCI Kokusai ETF 0.0 26 49 5.3 +1.0
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 45 6.2 +1.9
AVSD Avantis Responsible International Equity ETF 0.0 23 52 5.7 +1.4

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

  2020 2021 2022 2023 2024 2025E 2026E
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Dividends per share info ** ** ** ** ** ** **
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Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

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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
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 CoreValues Alpha Greater China Growth ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.4 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 4.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.37 CATEGORY
AVERAGE		 1.50
 
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.