CoreValues Alpha Greater China Growth ETF
ALTAR
Score™		 2.0% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 15.7x P/Sales
ratio		 1.8x
P/BV
ratio		 2.3x Div.
yield		 0.6%


  • 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) $127,050
Large cap (>$10bn) 88.1%
Mid cap ($2-10bn) 11.9%
Small cap (<$2bn) 0.0%
Developed mkts 27.8%
Emerging mkts 72.2%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 9.9 %
PINDUODUO, INC. SPONSORED ADR CLAS 9.8 %
XIAOMI CORP. CLASS B 8.7 %
MEITUAN DIANPING 8.1 %
TRIP.COM GROUP LTD. SPONSORED ADR 7.3 %
BYD CO LTD-H 6.9 %
CONTEMPORARY AMPEREX TECHNOLOGY CO 4.9 %
KE HOLDINGS, INC. SPONSORED ADR CL 4.6 %
PROYA COSMETICS CO., LTD. CLASS A 4.2 %
JD.COM, INC. CLASS A 3.7 %
Total 68.1 %

TOP COUNTRY EXPOSURE
CHINA 97.0 %










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.
29.4% -- -- -- 29.4%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $23.27
30d moving avg. $24.21
Annualized volatility 0.0%
Short interest (ETF) 0.4%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.54%
ADV underlying (mns) $11,091

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 237 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™: 2.0%


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
(%)
KWEB KraneShares CSI China Internet ETF 38.9 69 6 -1.4 -3.3
MCH Matthews China Active ETF 34.2 79 -4 5.4 +3.4
FXI iShares China Large-Cap ETF 32.6 74 1 8.2 +6.2
KTEC KraneShares Hang Seng TECH Index ETF 32.2 69 6 -3.6 -5.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 31.1 32 43 6.1 +4.1
CHIQ Global X MSCI China Consumer Discretionary ETF 30.5 65 10 5.9 +3.9
FDNI First Trust Dow Jones International Internet ETF 30.3 65 10 2.1 +0.2
MCHI iShares MSCI China ETF 29.3 59 16 8.4 +6.4
CQQQ Invesco China Technology ETF 26.8 70 5 -7.9 -9.9
FLCH Franklin FTSE China ETF 26.5 19 56 8.8 +6.9
GXC SPDR S&P China ETF 25.0 59 16 8.3 +6.4
TCHI iShares MSCI China Multisector Tech ETF 23.9 59 16 1.9 -0.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 23.5 86 -11 1.6 -0.3
KALL KraneShares MSCI All China Index ETF 23.5 49 26 9.0 +7.0
PGJ Invesco Golden Dragon China ETF 21.9 70 5 4.9 +2.9
AIA iShares Asia 50 ETF 19.1 50 25 6.6 +4.7
MINV Matthews Asia Innovators Active ETF 18.3 79 -4 3.0 +1.0
BKF iShares MSCI BIC ETF 17.7 69 6 6.9 +5.0
JCHI JPMorgan Active China ETF 17.7 65 10 8.0 +6.0
SOCL Global X Social Media ETF 16.5 65 10 -6.4 -8.3
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 15.7 60 15 0.5 -1.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 13.7 15 60 10.2 +8.3
DINT Davis Select International ETF 13.1 55 20 6.0 +4.1
DEHP Dimensional Emerging Markets High Profitability ETF 13.0 41 34 5.0 +3.0
EMC Global X Emerging Markets Great Consumer ETF 13.0 75 0 4.5 +2.5
ONLN ProShares Online Retail ETF 12.9 58 17 3.3 +1.4
MEM Matthews Emerging Markets Equity Active ETF 12.8 79 -4 5.4 +3.4
KGRN KraneShares MSCI China Clean Technology Index ETF 11.9 79 -4 5.6 +3.7
EEMA iShares MSCI Emerging Markets Asia ETF 11.7 49 26 6.5 +4.5
ISHP First Trust Nasdaq Retail ETF 11.5 60 15 2.9 +0.9
EBIZ Global X E-Commerce ETF 11.5 50 25 2.1 +0.1
BATT Amplify Lithium & Battery Technology ETF 10.9 59 16 -0.1 -2.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 10.7 70 5 6.2 +4.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 10.3 30 45 7.3 +5.3
GMF SPDR S&P Emerging Asia Pacific ETF 10.0 49 26 6.1 +4.2
SCHE Schwab Emerging Markets Equity ETF 9.7 11 64 7.1 +5.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 9.6 20 55 6.8 +4.8
PATN Pacer Nasdaq International Patent Leaders ETF 9.6 65 10 6.5 +4.5
ODDS Pacer BlueStar Digital Entertainment ETF 9.5 60 15 2.3 +0.3
EQLT iShares MSCI Emerging Markets Quality Factor ETF 9.5 35 40 7.4 +5.4
EEM iShares MSCI Emerging Markets ETF 9.3 69 6 6.9 +4.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 9.2 32 43 6.2 +4.2
ESPO VanEck Video Gaming and eSports ETF 9.1 56 19 3.5 +1.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 8.9 70 5 9.2 +7.2
MOTI VanEck Morningstar International Moat ETF 8.7 58 17 5.9 +3.9
FLAX Franklin FTSE Asia Ex Japan ETF 8.6 19 56 6.9 +4.9
AIQ Global X Artificial Intelligence & Technology ETF 8.6 68 7 4.0 +2.0
VWO Vanguard FTSE Emerging Markets ETF 8.6 8 67 6.9 +5.0
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 8.5 55 20 8.5 +6.5
LDEM iShares ESG MSCI EM Leaders ETF 8.5 17 58 7.6 +5.7
SMOG VanEck Low Carbon Energy ETF 8.2 61 14 2.4 +0.4
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 8.1 65 10 3.9 +1.9
ESGE iShares ESG Aware MSCI EM ETF 8.1 25 50 7.1 +5.2
LIT Global X Lithium & Battery Tech ETF 8.0 75 0 9.1 +7.1
DFAE Dimensional Emerging Core Equity Market ETF 8.0 35 40 7.3 +5.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 8.0 40 35 8.3 +6.3
IEMG iShares Core MSCI Emerging Markets ETF 8.0 9 66 7.5 +5.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 8.0 36 39 7.8 +5.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 8.0 33 42 8.2 +6.3
SPEM SPDR Portfolio Emerging Markets ETF 7.9 7 68 7.3 +5.3
PXH Invesco FTSE RAFI Emerging Markets ETF 7.9 49 26 12.2 +10.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 7.9 66 9 10.0 +8.0
EMGF iShares Emerging Markets Equity Factor ETF 7.7 25 50 8.5 +6.5
OGIG ALPS O'Shares Global Internet Giants ETF 7.6 48 27 1.9 -0.1
RAYC Rayliant Quantamental China Equity ETF 7.6 80 -5 8.6 +6.6
BNGE First Trust S-Network Streaming and Gaming ETF 7.5 70 5 -3.5 -5.5
JHEM John Hancock Multifactor Emerging Markets ETF 7.4 49 26 8.2 +6.2
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 7.4 18 57 6.8 +4.9
DWLD Davis Select Worldwide ETF 7.4 63 12 6.7 +4.7
LIVR Intelligent Livermore ETF 7.3 69 6 6.0 +4.0
AVEM Avantis Emerging Markets Equity ETF 7.2 33 42 8.9 +6.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 7.2 41 34 7.4 +5.4
AFTY Pacer CSOP FTSE China A50 ETF 7.2 70 5 9.0 +7.1
BKEM BNY Mellon Emerging Markets Equity ETF 7.1 11 64 8.4 +6.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 6.8 15 60 7.2 +5.3
FDCF Fidelity Disruptive Communications ETF 6.6 50 25 2.6 +0.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 6.4 45 30 11.0 +9.0
ARVR First Trust Indxx Metaverse ETF 6.4 70 5 0.8 -1.2
GBUY Goldman Sachs Future Consumer Equity ETF 6.3 75 0 3.3 +1.4
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 6.3 65 10 7.9 +6.0
MRAD SmartETFs Advertising & Marketing Technology ETF 6.2 68 7 5.5 +3.5
ECON Columbia Emerging Markets Consumer ETF 6.1 49 26 7.3 +5.4
FDEM Fidelity Emerging Markets Multifactor ETF 5.7 25 50 12.3 +10.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 5.6 38 37 7.8 +5.8
OND ProShares On-Demand ETF 5.5 58 17 -2.2 -4.1
EMXF iShares ESG Advanced MSCI EM ETF 5.5 16 59 6.8 +4.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 5.3 39 36 12.5 +10.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 5.3 95 -20 10.5 +8.5
IVRS iShares Future Metaverse Tech and Communications ETF 5.2 47 28 -4.9 -6.8
CNYA iShares MSCI China A ETF 5.1 60 15 8.0 +6.0
JIG JPMorgan International Growth ETF 5.1 55 20 4.6 +2.7
METV Roundhill Ball Metaverse ETF 5.0 59 16 3.4 +1.4
BEDZ AdvisorShares Hotel ETF 5.0 100 -25 1.7 -0.2
IXP iShares Global Comm Services ETF 4.9 42 33 5.1 +3.1
IBAT iShares Energy Storage & Materials ETF 4.9 47 28 3.1 +1.1
EV Mast Global Battery Recycling & Production ETF 4.9 65 10 12.2 +10.3
IDRV iShares Self-driving EV & Tech ETF 4.9 47 28 -0.4 -2.4
PTEC Global X PropTech ETF 4.6 50 25 1.6 -0.4
XNTK SPDR NYSE Technology ETF 4.6 35 40 4.2 +2.2
FEM First Trust Emerging Markets AlphaDEX Fund 4.4 80 -5 13.0 +11.1
AWAY ETFMG Travel Tech ETF 4.4 76 -1 -5.2 -7.2
FMET Fidelity Metaverse ETF 4.4 39 36 5.4 +3.4
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 4.3 72 3 1.0 -1.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 4.3 59 16 11.3 +9.3
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 4.2 45 30 5.7 +3.7
WUGI AXS Esoterica NextG Economy ETF 4.2 75 0 2.5 +0.6
EMFQ Amplify Emerging Markets FinTech ETF 4.0 69 6 5.3 +3.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 3.8 30 45 8.1 +6.1
TTAI FCF International Quality ETF 3.8 59 16 5.6 +3.6
UMMA Wahed Dow Jones Islamic World ETF 3.7 65 10 4.6 +2.6
PNQI Invesco NASDAQ Internet ETF 3.6 60 15 2.3 +0.3
FDRV Fidelity Electric Vehicles and Future Transportation ETF 3.6 39 36 -1.7 -3.7
RXI iShares Global Consumer Discretionary ETF 3.5 41 34 5.4 +3.4
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.4 65 10 8.2 +6.2
CLNR IQ Cleaner Transport ETF 3.3 45 30 6.8 +4.9
GINN Goldman Sachs Innovate Equity ETF 3.1 52 23 2.8 +0.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 3.1 42 33 8.1 +6.1
BUYZ Franklin Disruptive Commerce ETF 3.0 50 25 1.8 -0.1
GSFP Goldman Sachs Future Planet Equity ETF 3.0 75 0 4.2 +2.3
WRND IQ Global Equity R&D Leaders ETF 2.9 18 57 7.5 +5.5
IBUY Amplify Online Retail ETF 2.9 65 10 1.4 -0.6
QQQN VictoryShares Nasdaq Next 50 ETF 2.9 18 57 4.9 +2.9
QTUM Defiance Quantum ETF 2.9 40 35 3.6 +1.6
ACWX iShares MSCI ACWI ex U.S. ETF 2.8 34 41 7.0 +5.0
BINV Brandes International ETF 2.8 70 5 8.5 +6.5
CWI SPDR MSCI ACWI ex-US ETF 2.8 30 45 6.9 +5.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.8 60 15 9.8 +7.8
RNEM First Trust Emerging Markets Equity Select ETF 2.8 75 0 7.6 +5.6
QQQJ Invesco NASDAQ Next Gen 100 ETF 2.7 15 60 4.5 +2.5
IQDE FlexShares International Quality Dividend Defensive Index ET 2.7 47 28 14.8 +12.8
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.7 57 18 5.9 +3.9
MOTO SmartETFs Smart Transportation & Technology ETF 2.7 68 7 7.3 +5.3
VEU Vanguard FTSE All-World ex-US Index Fund 2.7 8 67 7.3 +5.3
AADR AdvisorShares Dorsey Wright ADR ETF 2.7 110 -35 5.6 +3.6
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.6 75 0 2.9 +0.9
IBLC iShares Blockchain and Tech ETF 2.6 47 28 -1.7 -3.6
DSTX Distillate International Fundamental Stability & Value ETF 2.6 55 20 8.0 +6.0
CGXU Capital Group International Focus Equity ETF 2.6 54 21 4.9 +2.9
NUEM Nuveen ESG Emerging Markets Equity ETF 2.5 36 39 6.5 +4.5
AVES Avantis Emerging Markets Value ETF 2.5 36 39 11.6 +9.6
GGME Invesco Next Gen Media and Gaming ETF 2.4 60 15 3.5 +1.5
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 2.4 61 14 1.2 -0.8
KOCG FIS Knights of Columbus Global Belief ETF 2.4 75 0 5.0 +3.0
IXUS iShares Core MSCI Total International Stock ETF 2.4 7 68 7.2 +5.2
VXUS Vanguard Total International Stock ETF 2.4 7 68 7.2 +5.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.4 50 25 13.0 +11.0
APIE ActivePassive International Equity ETF 2.3 45 30 8.1 +6.1
HAIL SPDR S&P Kensho Smart Mobility ETF 2.3 45 30 -3.0 -5.0
BOUT Innovator IBD Breakout Opportunities ETF 2.3 81 -6 3.6 +1.7
ANEW ProShares MSCI Transformational Changes ETF 2.3 45 30 3.6 +1.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.3 41 34 7.4 +5.4
CHAT Roundhill Generative AI & Technology ETF 2.2 75 0 3.8 +1.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.2 18 57 7.0 +5.0
TOGA Tremblant Global ETF 2.1 69 6 1.9 -0.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.1 67 8 15.0 +13.1
MOTG VanEck Morningstar Global Wide Moat ETF 2.1 52 23 5.6 +3.7
QNXT iShares Nasdaq-100 ex Top 30 ETF 2.1 20 55 5.2 +3.2
NXTG First Trust Indxx NextG ETF 2.0 70 5 6.2 +4.3
GVIP Goldman Sachs Hedge Industry VIP ETF 1.9 45 30 4.8 +2.8
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.8 20 55 5.6 +3.6
BNE Blue Horizon BNE ETF 1.7 87 -12 4.6 +2.6
BIGFX Baron International Growth Retail 1.6 75 0 3.1 +1.2
VSGX Vanguard ESG International Stock ETF 1.6 12 63 6.8 +4.8
TRFM AAM Transformers ETF 1.6 49 26 2.0 0.0
GURU Global X Guru Index ETF 1.6 75 0 1.7 -0.3
CARZ First Trust NASDAQ Global Auto Index Fund 1.5 70 5 3.8 +1.8
SIMS SPDR S&P Kensho Intelligent Structures ETF 1.5 45 30 -6.9 -8.9
NTZG Nuveen Global Net Zero Transition ETF 1.5 56 19 4.7 +2.8
FPXI First Trust International Equity Opportunities ETF 1.4 70 5 4.9 +2.9
BWEB Bitwise Web3 ETF 1.4 85 -10 0.7 -1.3
FDTX Fidelity Disruptive Technology ETF 1.4 50 25 2.8 +0.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.4 30 45 8.0 +6.0
DRIV Global X Autonomous & Electric Vehicles ETF 1.3 68 7 4.8 +2.8
IQDF FlexShares International Quality Dividend Index Fund 1.3 47 28 12.9 +10.9
CCSO Carbon Collective Climate Solutions US Equity ETF 1.2 35 40 1.9 -0.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.2 65 10 0.2 -1.7
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.2 75 0 4.6 +2.6
DGT SPDR Global Dow ETF 1.2 50 25 6.8 +4.8
KLMT Invesco MSCI Global Climate 500 ETF 1.2 10 65 5.4 +3.5
FBOT Fidelity Disruptive Automation ETF 1.2 50 25 3.6 +1.7
IOO iShares Global 100 ETF 1.1 41 34 4.8 +2.9
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.1 58 17 5.0 +3.1
CGIE Capital Group International Equity ETF 1.1 54 21 4.9 +3.0
JETS U.S. Global Jets ETF 1.0 60 15 -13.3 -15.3
TEMP JPMorgan Climate Change Solutions ETF 1.0 49 26 5.5 +3.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.0 47 28 9.4 +7.4
ACWI iShares MSCI ACWI ETF 1.0 32 43 5.3 +3.3
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.9 35 40 4.6 +2.6
SFYF SoFi Social 50 ETF 0.9 29 46 -2.2 -4.1
KNCT Invesco Next Gen Connectivity ETF 0.9 40 35 5.6 +3.6
CVAR Cultivar ETF 0.9 87 -12 6.7 +4.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.9 9 66 5.4 +3.4
GINX SGI Enhanced Global Income ETF 0.9 98 -23 5.6 +3.7
VT Vanguard Total World Stock ETF 0.9 7 68 5.5 +3.5
QINT American Century Quality Diversified International ETF 0.8 39 36 7.7 +5.7
BECO BlackRock Future Climate and Sustainable Economy ETF 0.8 70 5 11.9 +10.0
DFEV Dimensional Emerging Markets Value ETF 0.8 43 32 11.1 +9.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.8 20 55 5.2 +3.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.8 12 63 4.8 +2.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.8 44 31 10.6 +8.7
MVPS Amplify Thematic All-Stars ETF 0.8 49 26 2.7 +0.7
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.7 68 7 2.1 +0.1
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.7 61 14 -2.4 -4.4
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.7 65 10 6.2 +4.2
KOMP SPDR S&P Kensho New Economies Composite ETF 0.7 20 55 1.0 -1.0
ROAM Hartford Multifactor Emerging Markets ETF 0.7 44 31 15.8 +13.8
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.7 45 30 12.3 +10.3
VIDI Vident International Equity Strategy ETF 0.6 61 14 10.2 +8.2
ION ProShares S&P Global Core Battery Metals ETF 0.6 58 17 15.5 +13.6
BLOK Amplify Transformational Data Sharing ETF 0.6 75 0 0.0 -2.0
CGGO Capital Group Global Growth Equity ETF 0.5 47 28 4.6 +2.6
VIGI Vanguard International Dividend Appreciation ETF 0.5 15 60 6.4 +4.4
QQQ Invesco QQQ Trust Series I 0.5 20 55 4.5 +2.6
QQQM Invesco NASDAQ 100 ETF 0.5 15 60 4.6 +2.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.5 25 50 6.6 +4.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.5 21 54 3.8 +1.8
GLOF iShares Global Equity Factor ETF 0.4 20 55 7.0 +5.0
IGRO iShares International Dividend Growth ETF 0.4 15 60 7.5 +5.6
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.4 35 40 12.4 +10.4
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 55 6.3 +4.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.4 78 -3 9.0 +7.0
VERS ProShares Metaverse ETF 0.4 58 17 -16.0 -18.0
HERO Global X Video Games & Esports ETF 0.4 50 25 4.4 +2.5
EEMO Invesco S&P Emerging Markets Momentum ETF 0.4 29 46 5.5 +3.5
BLLD JPMorgan Sustainable Infrastructure ETF 0.4 49 26 5.7 +3.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.4 45 30 -0.6 -2.5
IXN iShares Global Tech ETF 0.3 41 34 4.5 +2.5
FBCG Fidelity Blue Chip Growth ETF 0.3 59 16 2.8 +0.8
CLOU Global X Cloud Computing ETF 0.3 68 7 1.8 -0.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.3 58 17 4.6 +2.6
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 55 4.7 +2.7
EFRA iShares Environmental Infrastructure and Industrials ETF 0.2 47 28 4.9 +2.9
TGRW T. Rowe Price Growth Stock ETF 0.0 52 23 3.7 +1.7
TCHP T. Rowe Price Blue Chip Growth ETF 0.0 57 18 3.4 +1.4
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -14 4.9 +2.9
INTF iShares International Equity Factor ETF 0.0 15 60 8.2 +6.2
VYMI Vanguard International High Dividend Yield ETF 0.0 22 53 9.8 +7.9

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:		 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 5.6 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 2.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.27 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.