CoreValues Alpha Greater China Growth ETF
ALTAR
Score™		 4.5% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 16.4x P/Sales
ratio		 0.9x
P/BV
ratio		 2.5x 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) $11
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 26
Wgt avg mkt cap (mns) $96,440
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 8.1 %
ALIBABA GROUP HOLDING LTD. SPONSOR 7.5 %
TENCENT HOLDINGS LTD 7.0 %
BYD CO LTD-H 6.0 %
MEITUAN DIANPING 5.8 %
LUCKIN COFFEE INC - ADR 5.7 %
POP MART INTERNATIONAL GROUP LIMIT 4.7 %
JD.COM, INC. CLASS A 4.2 %
FUTU HOLDINGS LTD. SPONSORED ADR C 4.2 %
HORIZON ROBOTICS 4.1 %
Total 57.2 %

TOP COUNTRY EXPOSURE
CHINA 81.5 %
HONG KONG 9.1 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
18.4% 42.9% -- -- 20.0%

Market Correlations
versus... Beta R-squared
S&P500 -0.04 0%
MSCI EAFE 0.70 12%
MSCI Emg. Mkts. 1.73 37%

Technical Indicators
Recent close $29.26
30d moving avg. $27.73
Annualized volatility 25.0%
Short interest (ETF) 0.4%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.64%
ADV underlying (mns) $44,706

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 260 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™: 4.5%


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
(%)
FXI iShares China Large-Cap ETF 31.4 74 1 18.7 +14.3
KTEC KraneShares Hang Seng TECH Index ETF 29.7 69 6 19.3 +14.8
MCH Matthews China Active ETF 27.8 79 -4 14.3 +9.8
KWEB KraneShares CSI China Internet ETF 27.1 69 6 25.1 +20.6
CHIQ Global X MSCI China Consumer Discretionary ETF 25.2 65 10 16.2 +11.7
FLCH Franklin FTSE China ETF 24.6 19 56 16.0 +11.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 23.6 32 43 16.1 +11.6
TCHI iShares MSCI China Multisector Tech ETF 23.3 59 16 16.6 +12.2
FDNI First Trust Dow Jones International Internet ETF 23.0 65 10 21.3 +16.8
MCHI iShares MSCI China ETF 22.7 59 16 17.7 +13.2
MINV Matthews Asia Innovators Active ETF 22.7 79 -4 7.4 +2.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 22.6 86 -11 13.6 +9.1
CQQQ Invesco China Technology ETF 21.1 70 5 12.2 +7.7
KALL KraneShares MSCI All China Index ETF 20.5 49 26 14.9 +10.4
GXC SPDR S&P China ETF 20.4 59 16 15.4 +11.0
EEMO Invesco S&P Emerging Markets Momentum ETF 20.2 29 46 6.6 +2.1
EMC Global X Emerging Markets Great Consumer ETF 19.1 75 0 11.0 +6.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 18.3 60 15 11.1 +6.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 17.8 20 55 10.9 +6.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 17.8 15 60 8.1 +3.6
JCHI JPMorgan Active China ETF 17.6 65 10 15.5 +11.0
BKF iShares MSCI BIC ETF 16.0 69 6 13.8 +9.3
AIA iShares Asia 50 ETF 16.0 50 25 12.9 +8.5
ISHP First Trust Nasdaq Retail ETF 14.6 60 15 5.4 +1.0
PGJ Invesco Golden Dragon China ETF 14.2 70 5 12.5 +8.0
DEHP Dimensional Emerging Markets High Profitability ETF 14.1 41 34 6.8 +2.3
MEM Matthews Emerging Markets Equity Active ETF 13.8 79 -4 8.1 +3.6
DINT Davis Select International ETF 13.8 55 20 8.1 +3.7
EBIZ Global X E-Commerce ETF 13.1 50 25 3.8 -0.7
DWLD Davis Select Worldwide ETF 12.9 63 12 7.2 +2.7
SOCL Global X Social Media ETF 12.5 65 10 8.9 +4.4
ECON Columbia Emerging Markets Consumer ETF 12.3 49 26 12.6 +8.2
EEMA iShares MSCI Emerging Markets Asia ETF 12.1 49 26 10.4 +6.0
FLAX Franklin FTSE Asia Ex Japan ETF 11.9 19 56 9.4 +5.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 11.7 40 35 7.2 +2.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 11.3 66 9 9.7 +5.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 11.2 70 5 9.5 +5.0
ONLN ProShares Online Retail ETF 10.9 58 17 2.0 -2.5
GMF SPDR S&P Emerging Asia Pacific ETF 10.7 49 26 9.6 +5.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 10.5 30 45 10.6 +6.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 10.5 36 39 10.0 +5.5
BKEM BNY Mellon Emerging Markets Equity ETF 10.4 11 64 10.2 +5.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 10.2 15 60 10.4 +5.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 10.1 45 30 10.5 +6.0
SCHE Schwab Emerging Markets Equity ETF 10.1 11 64 11.1 +6.6
AVEM Avantis Emerging Markets Equity ETF 9.8 33 42 8.8 +4.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 9.7 33 42 10.2 +5.7
EEM iShares MSCI Emerging Markets ETF 9.6 69 6 10.5 +6.0
PATN Pacer Nasdaq International Patent Leaders ETF 9.4 65 10 6.2 +1.8
VWO Vanguard FTSE Emerging Markets ETF 9.4 7 68 10.3 +5.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 9.3 32 43 9.3 +4.8
ESGE iShares ESG Aware MSCI EM ETF 9.0 25 50 10.4 +5.9
AVSE Avantis Responsible Emerging Markets Equity ETF 8.9 33 42 8.6 +4.1
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 8.9 75 0 4.7 +0.2
ODDS Pacer BlueStar Digital Entertainment ETF 8.9 60 15 2.1 -2.4
NUEM Nuveen ESG Emerging Markets Equity ETF 8.7 36 39 8.0 +3.5
SPEM SPDR Portfolio Emerging Markets ETF 8.7 7 68 10.7 +6.2
LDEM iShares ESG MSCI EM Leaders ETF 8.7 17 58 14.1 +9.6
DFAE Dimensional Emerging Core Equity Market ETF 8.6 35 40 9.4 +4.9
BNGE First Trust S-Network Streaming and Gaming ETF 8.5 70 5 2.6 -1.9
EMGF iShares Emerging Markets Equity Factor ETF 8.3 25 50 11.9 +7.4
IEMG iShares Core MSCI Emerging Markets ETF 8.3 9 66 10.6 +6.2
ESPO VanEck Video Gaming and eSports ETF 8.2 56 19 3.9 -0.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 8.0 41 34 8.7 +4.2
JHEM John Hancock Multifactor Emerging Markets ETF 8.0 49 26 10.3 +5.8
OGIG ALPS O'Shares Global Internet Giants ETF 8.0 48 27 1.6 -2.9
IVRS iShares Future Metaverse Tech and Communications ETF 7.7 47 28 2.5 -2.0
FDEM Fidelity Emerging Markets Multifactor ETF 7.3 25 50 13.0 +8.5
FDCF Fidelity Disruptive Communications ETF 7.0 50 25 2.8 -1.7
AIQ Global X Artificial Intelligence & Technology ETF 6.9 68 7 3.8 -0.6
SMOG VanEck Low Carbon Energy ETF 6.7 61 14 1.8 -2.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 6.5 38 37 9.3 +4.8
FPXI First Trust International Equity Opportunities ETF 6.2 70 5 4.2 -0.3
XNTK SPDR NYSE Technology ETF 6.2 35 40 3.7 -0.8
OND ProShares On-Demand ETF 6.2 58 17 0.7 -3.8
PXH Invesco FTSE RAFI Emerging Markets ETF 6.1 49 26 15.9 +11.5
FDRV Fidelity Electric Vehicles and Future Transportation ETF 6.0 39 36 -0.9 -5.4
KGRN KraneShares MSCI China Clean Technology Index ETF 6.0 79 -4 0.4 -4.1
ARVR First Trust Indxx Metaverse ETF 5.9 70 5 4.0 -0.5
JIG JPMorgan International Growth ETF 5.4 55 20 4.8 +0.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 5.4 59 16 9.0 +4.5
IXP iShares Global Comm Services ETF 5.1 42 33 5.6 +1.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 5.0 95 -20 11.8 +7.4
TTAI FCF International Quality ETF 5.0 59 16 7.2 +2.7
IPKW Invesco International BuyBack Achievers ETF 4.9 55 20 12.5 +8.0
ABLG Abacus FCF International Leaders ETF 4.9 59 16 6.9 +2.4
FCA First Trust China AlphaDEX Fund 4.9 80 -5 8.3 +3.8
MOTI VanEck Morningstar International Moat ETF 4.7 58 17 12.0 +7.5
CLNR IQ Cleaner Transport ETF 4.7 45 30 6.6 +2.1
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 4.6 65 10 6.9 +2.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 4.6 39 36 16.5 +12.0
BATT Amplify Lithium & Battery Technology ETF 4.6 59 16 3.6 -0.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 4.6 30 45 9.2 +4.8
UMMA Wahed Dow Jones Islamic World ETF 4.4 65 10 5.4 +1.0
FMET Fidelity Metaverse ETF 4.4 39 36 4.7 +0.2
MOTO SmartETFs Smart Transportation & Technology ETF 4.3 68 7 7.2 +2.8
FEM First Trust Emerging Markets AlphaDEX Fund 4.0 80 -5 11.2 +6.7
BEDZ AdvisorShares Hotel ETF 4.0 100 -25 6.6 +2.1
AWAY ETFMG Travel Tech ETF 4.0 76 -1 -0.9 -5.4
WRND IQ Global Equity R&D Leaders ETF 4.0 18 57 8.2 +3.8
EMXF iShares ESG Advanced MSCI EM ETF 4.0 16 59 8.6 +4.1
ANEW ProShares MSCI Transformational Changes ETF 3.9 45 30 6.1 +1.6
METV Roundhill Ball Metaverse ETF 3.9 59 16 7.8 +3.3
WUGI AXS Esoterica NextG Economy ETF 3.8 75 0 2.3 -2.2
RAYC Rayliant Quantamental China Equity ETF 3.8 80 -5 7.4 +2.9
IBLC iShares Blockchain and Tech ETF 3.8 47 28 -3.1 -7.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.7 60 15 8.1 +3.7
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 3.7 90 -15 7.0 +2.5
ERTH Invesco MSCI Sustainable Future ETF 3.7 62 13 3.7 -0.8
DSTX Distillate International Fundamental Stability & Value ETF 3.7 55 20 7.9 +3.5
MOTG VanEck Morningstar Global Wide Moat ETF 3.6 52 23 7.7 +3.3
AADR AdvisorShares Dorsey Wright ADR ETF 3.6 110 -35 4.9 +0.4
BINV Brandes International ETF 3.4 70 5 9.4 +5.0
CHAT Roundhill Generative AI & Technology ETF 3.3 75 0 9.4 +4.9
ROAM Hartford Multifactor Emerging Markets ETF 3.3 44 31 12.2 +7.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.2 41 34 7.5 +3.0
FBOT Fidelity Disruptive Automation ETF 3.2 50 25 3.6 -0.8
GGME Invesco Next Gen Media and Gaming ETF 3.1 60 15 4.2 -0.3
FFTY Innovator IBD 50 ETF 3.1 80 -5 -2.4 -6.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 3.1 18 57 7.9 +3.4
RNEM First Trust Emerging Markets Equity Select ETF 3.1 75 0 7.7 +3.2
GINN Goldman Sachs Innovate Equity ETF 3.1 52 23 3.7 -0.8
CWI SPDR MSCI ACWI ex-US ETF 3.0 30 45 7.7 +3.2
IDRV iShares Self-driving EV & Tech ETF 2.9 47 28 1.8 -2.7
LIT Global X Lithium & Battery Tech ETF 2.9 75 0 4.8 +0.3
RXI iShares Global Consumer Discretionary ETF 2.9 41 34 9.3 +4.8
ACWX iShares MSCI ACWI ex U.S. ETF 2.9 34 41 7.8 +3.3
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 2.8 61 14 1.5 -3.0
VEU Vanguard FTSE All-World ex-US Index Fund 2.8 4 71 8.1 +3.7
PNQI Invesco NASDAQ Internet ETF 2.7 60 15 3.3 -1.1
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 2.7 72 3 -0.9 -5.4
DRIV Global X Autonomous & Electric Vehicles ETF 2.7 68 7 5.0 +0.6
GVIP Goldman Sachs Hedge Industry VIP ETF 2.6 45 30 3.3 -1.2
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 2.6 55 20 7.1 +2.7
KURE KraneShares MSCI All China Health Care Index ETF 2.6 65 10 2.6 -1.9
EWH iShares MSCI Hong Kong ETF 2.6 50 25 5.2 +0.7
VXUS Vanguard Total International Stock ETF 2.5 5 70 7.9 +3.4
IXUS iShares Core MSCI Total International Stock ETF 2.5 7 68 7.9 +3.5
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.4 57 18 3.8 -0.7
IBUY Amplify Online Retail ETF 2.4 65 10 0.9 -3.6
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 2.2 20 55 4.6 +0.1
CGXU Capital Group International Focus Equity ETF 2.2 54 21 5.6 +1.1
APIE ActivePassive International Equity ETF 2.2 45 30 7.6 +3.1
KOCG FIS Knights of Columbus Global Belief ETF 2.2 75 0 5.2 +0.7
PTEC Global X PropTech ETF 2.1 50 25 1.7 -2.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.1 75 0 3.1 -1.4
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.1 67 8 13.6 +9.1
HAIL SPDR S&P Kensho Smart Mobility ETF 1.9 45 30 0.4 -4.1
QQQJ Invesco NASDAQ Next Gen 100 ETF 1.9 15 60 4.7 +0.2
PBW Invesco WilderHill Clean Energy ETF 1.9 66 9 -3.7 -8.2
SFYF SoFi Social 50 ETF 1.8 29 46 0.4 -4.1
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.8 78 -3 9.4 +4.9
VICE AdvisorShares Vice ETF 1.8 99 -24 6.0 +1.5
HERO Global X Video Games & Esports ETF 1.8 50 25 3.8 -0.6
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.8 68 7 2.8 -1.6
IQDF FlexShares International Quality Dividend Index Fund 1.8 47 28 8.9 +4.4
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.8 65 10 8.1 +3.6
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.8 20 55 4.4 -0.1
FDTX Fidelity Disruptive Technology ETF 1.8 50 25 2.7 -1.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.8 70 5 13.1 +8.6
VSGX Vanguard ESG International Stock ETF 1.7 10 65 7.7 +3.2
BUYZ Franklin Disruptive Commerce ETF 1.7 50 25 2.2 -2.3
TMAT Main Thematic Innovation ETF 1.7 164 -89 -1.5 -5.9
ARKF ARK Fintech Innovation ETF 1.6 75 0 -0.4 -4.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.6 30 45 7.9 +3.4
PBD Invesco Global Clean Energy ETF 1.6 75 0 -0.3 -4.8
BOTZ Global X Robotics & Artificial Intelligence ETF 1.6 69 6 2.4 -2.1
TRFM AAM Transformers ETF 1.5 49 26 1.3 -3.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.5 45 30 10.7 +6.2
DGT SPDR Global Dow ETF 1.4 50 25 7.0 +2.5
BWEB Bitwise Web3 ETF 1.4 85 -10 -0.1 -4.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.4 50 25 11.1 +6.6
EMMF WisdomTree Emerging Markets Multifactor Fund 1.4 48 27 7.5 +3.0
KOMP SPDR S&P Kensho New Economies Composite ETF 1.4 20 55 2.5 -2.0
IOO iShares Global 100 ETF 1.3 41 34 4.8 +0.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.3 47 28 8.4 +3.9
VERS ProShares Metaverse ETF 1.3 58 17 -1.1 -5.5
KNCT Invesco Next Gen Connectivity ETF 1.3 40 35 4.8 +0.4
KLMT Invesco MSCI Global Climate 500 ETF 1.3 10 65 5.7 +1.2
DFEV Dimensional Emerging Markets Value ETF 1.3 43 32 13.4 +8.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 1.2 25 50 6.6 +2.1
QTUM Defiance Quantum ETF 1.2 40 35 5.5 +1.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.2 35 40 4.2 -0.3
CZA Invesco Zacks Mid-Cap ETF 1.2 72 3 6.5 +2.0
GURU Global X Guru Index ETF 1.2 75 0 3.0 -1.5
NXTG First Trust Indxx NextG ETF 1.2 70 5 5.3 +0.8
SATO Invesco Alerian Galaxy Crypto Economy ETF 1.1 61 14 -2.0 -6.5
ETEC iShares Breakthrough Environmental Solutions ETF 1.1 47 28 3.3 -1.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.1 58 17 4.2 -0.3
CARZ First Trust NASDAQ Global Auto Index Fund 1.1 70 5 4.8 +0.3
RGEF Rockefeller Global Equity ETF 1.1 55 20 4.8 +0.3
CGIE Capital Group International Equity ETF 1.1 54 21 5.1 +0.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.0 9 66 5.7 +1.2
CCSO Carbon Collective Climate Solutions US Equity ETF 1.0 35 40 1.0 -3.5
ACWI iShares MSCI ACWI ETF 1.0 32 43 5.5 +1.1
JETS U.S. Global Jets ETF 0.9 60 15 2.6 -1.9
CGGO Capital Group Global Growth Equity ETF 0.9 47 28 4.7 +0.2
VT Vanguard Total World Stock ETF 0.9 6 69 5.9 +1.4
AVES Avantis Emerging Markets Value ETF 0.9 36 39 11.1 +6.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.9 12 63 5.2 +0.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.9 65 10 2.1 -2.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.9 20 55 5.6 +1.2
TEMP JPMorgan Climate Change Solutions ETF 0.8 49 26 5.8 +1.3
OBOR KraneShares MSCI One Belt One Road Index ETF 0.7 79 -4 9.0 +4.6
GLOF iShares Global Equity Factor ETF 0.7 20 55 6.5 +2.0
XT iShares Exponential Technologies ETF 0.7 46 29 4.9 +0.5
IXN iShares Global Tech ETF 0.6 41 34 3.6 -0.9
SHPP Pacer Industrials and Logistics ETF 0.6 60 15 8.6 +4.1
CNYA iShares MSCI China A ETF 0.5 60 15 6.3 +1.8
JGRO JPMorgan Active Growth ETF 0.5 44 31 3.4 -1.1
FFLC Fidelity Fundamental Large Cap Core ETF 0.5 38 37 4.5 +0.0
CVAR Cultivar ETF 0.5 87 -12 6.8 +2.3
EPP iShares MSCI Pacific ex-Japan ETF 0.5 47 28 5.1 +0.6
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 54 3.7 -0.8
CLOU Global X Cloud Computing ETF 0.4 68 7 2.3 -2.2
QQQ Invesco QQQ Trust Series I 0.4 20 55 4.1 -0.4
QQQM Invesco NASDAQ 100 ETF 0.4 15 60 4.1 -0.4
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.4 49 26 3.8 -0.7
ROBO ROBO Global Robotics & Automation Index ETF 0.4 95 -20 3.4 -1.1
INTF iShares International Equity Factor ETF 0.4 15 60 7.6 +3.1
FBCG Fidelity Blue Chip Growth ETF 0.4 59 16 2.8 -1.7
SPYA Twin Oak Endure ETF 0.3 80 -5 -2.1 -6.6
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -14 4.8 +0.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.3 58 17 4.7 +0.2
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.3 65 10 4.9 +0.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 33 7.2 +2.7
ACWV iShares MSCI Global Min Vol Factor ETF 0.3 20 55 6.2 +1.7
QQMG Invesco ESG NASDAQ 100 ETF 0.2 20 55 4.1 -0.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.2 44 31 10.7 +6.2
EFRA iShares Environmental Infrastructure and Industrials ETF 0.2 47 28 5.1 +0.7
JAVA JPMorgan Active Value ETF 0.2 44 31 6.4 +1.9
IQLT iShares MSCI Intl Quality Factor ETF 0.2 30 45 6.3 +1.8
IPAC iShares Core MSCI Pacific ETF 0.1 9 66 6.3 +1.8
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 63 5.5 +1.0
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 +2.1
IGPT Invesco AI and Next Gen Software ETF 0.1 60 15 4.3 -0.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 26 6.8 +2.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 36 5.8 +1.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 50 7.1 +2.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 36 6.7 +2.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.1 20 55 6.3 +1.9
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.1 12 63 6.0 +1.5
EFA iShares MSCI EAFE ETF 0.1 35 40 6.7 +2.2
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 45 5.5 +1.0
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 45 7.0 +2.5
IEFA iShares Core MSCI EAFE ETF 0.0 7 68 7.0 +2.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.0 36 39 6.5 +2.1
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 55 6.9 +2.4
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 71 7.0 +2.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 72 7.0 +2.5
BKIE BNY Mellon International Equity ETF 0.0 4 71 7.0 +2.6
DEM WisdomTree Emerging Markets High Dividend Fund 0.0 63 12 13.3 +8.8
AVDE Avantis International Equity ETF 0.0 23 52 7.4 +2.9
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 45 5.9 +1.5
URTH iShares MSCI World ETF 0.0 24 51 5.1 +0.6
TOK iShares MSCI Kokusai ETF 0.0 26 49 5.0 +0.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 66 5.2 +0.7
VYMI Vanguard International High Dividend Yield ETF 0.0 17 58 9.5 +5.1
AVSD Avantis Responsible International Equity ETF 0.0 23 52 5.7 +1.2

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
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

Content on this tab for subscribers only

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 12.0 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.38 CATEGORY
AVERAGE		 1.51
 
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.