CoreValues Alpha Greater China Growth ETF
ALTAR
Score™		 4.3% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 17.2x P/Sales
ratio		 1.0x
P/BV
ratio		 2.6x 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
TENCENT HOLDINGS LTD 9.2 %
ALIBABA GROUP HOLDING LTD. SPONSOR 8.8 %
XIAOMI CORP. CLASS B 8.0 %
LUCKIN COFFEE INC - ADR 5.2 %
HORIZON ROBOTICS 5.2 %
TRIP.COM GROUP LTD. SPONSORED ADR 4.6 %
FUTU HOLDINGS LTD. SPONSORED ADR C 4.4 %
BYD CO LTD-H 4.3 %
MEITUAN DIANPING 4.2 %
UBTECH ROBOTICS CORP LTD 4.1 %
Total 57.9 %

TOP COUNTRY EXPOSURE
CHINA 80.2 %
HONG KONG 10.6 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
29.2% 52.4% -- -- 24.8%

Market Correlations
versus... Beta R-squared
S&P500 0.02 0%
MSCI EAFE 0.51 7%
MSCI Emg. Mkts. 1.45 27%

Technical Indicators
Recent close $30.55
30d moving avg. $28.70
Annualized volatility 24.9%
Short interest (ETF) 0.1%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.66%
ADV underlying (mns) $44,706

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 262 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
(%)
FXI iShares China Large-Cap ETF 30.2 74 1 17.8 +13.5
KTEC KraneShares Hang Seng TECH Index ETF 27.4 69 6 18.3 +14.0
KWEB KraneShares CSI China Internet ETF 25.5 69 6 23.2 +18.9
MCH Matthews China Active ETF 25.4 79 -4 13.5 +9.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 24.9 32 43 15.1 +10.8
FLCH Franklin FTSE China ETF 23.8 19 56 15.1 +10.8
MCHI iShares MSCI China ETF 23.6 59 16 16.6 +12.3
FDNI First Trust Dow Jones International Internet ETF 21.8 65 10 20.1 +15.8
EEMO Invesco S&P Emerging Markets Momentum ETF 21.6 29 46 6.4 +2.1
GXC SPDR S&P China ETF 21.6 59 16 14.7 +10.4
TCHI iShares MSCI China Multisector Tech ETF 21.5 59 16 15.8 +11.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 21.3 86 -11 13.0 +8.7
CQQQ Invesco China Technology ETF 21.2 70 5 12.0 +7.7
MINV Matthews Asia Innovators Active ETF 20.9 79 -4 7.0 +2.7
KALL KraneShares MSCI All China Index ETF 20.3 49 26 15.0 +10.7
EMC Global X Emerging Markets Great Consumer ETF 19.0 75 0 10.8 +6.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 18.9 15 60 7.7 +3.4
BKF iShares MSCI BIC ETF 17.8 69 6 13.2 +8.9
JCHI JPMorgan Active China ETF 17.7 65 10 14.7 +10.4
AIA iShares Asia 50 ETF 17.6 50 25 12.0 +7.7
CHIQ Global X MSCI China Consumer Discretionary ETF 17.4 65 10 15.9 +11.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 17.0 20 55 10.3 +6.0
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 16.4 60 15 10.3 +6.0
PGJ Invesco Golden Dragon China ETF 16.1 70 5 11.5 +7.2
DEHP Dimensional Emerging Markets High Profitability ETF 14.4 41 34 6.5 +2.2
EBIZ Global X E-Commerce ETF 14.3 50 25 3.7 -0.6
SOCL Global X Social Media ETF 14.3 65 10 8.5 +4.2
ISHP First Trust Nasdaq Retail ETF 13.9 60 15 5.3 +1.0
DINT Davis Select International ETF 13.0 55 20 7.8 +3.5
MEM Matthews Emerging Markets Equity Active ETF 12.6 79 -4 7.6 +3.3
EEMA iShares MSCI Emerging Markets Asia ETF 12.4 49 26 9.9 +5.6
ECON Columbia Emerging Markets Consumer ETF 11.9 49 26 12.1 +7.8
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 11.8 40 35 6.9 +2.6
ONLN ProShares Online Retail ETF 11.6 58 17 1.8 -2.5
FLAX Franklin FTSE Asia Ex Japan ETF 11.5 19 56 9.0 +4.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 11.5 70 5 9.0 +4.7
DWLD Davis Select Worldwide ETF 11.2 63 12 7.0 +2.7
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 11.1 75 0 4.6 +0.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 11.1 66 9 9.4 +5.1
GMF SPDR S&P Emerging Asia Pacific ETF 11.0 49 26 9.3 +5.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 10.8 30 45 10.1 +5.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 10.7 45 30 10.1 +5.8
ODDS Pacer BlueStar Digital Entertainment ETF 10.6 60 15 2.1 -2.2
PATN Pacer Nasdaq International Patent Leaders ETF 10.6 65 10 6.0 +1.7
SCHE Schwab Emerging Markets Equity ETF 10.4 11 64 10.7 +6.4
AVEM Avantis Emerging Markets Equity ETF 10.2 33 42 8.4 +4.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 10.2 36 39 9.5 +5.2
BKEM BNY Mellon Emerging Markets Equity ETF 10.2 11 64 9.7 +5.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 10.0 33 42 9.8 +5.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 10.0 15 60 10.0 +5.7
EEM iShares MSCI Emerging Markets ETF 9.9 69 6 10.0 +5.7
AVSE Avantis Responsible Emerging Markets Equity ETF 9.8 33 42 8.2 +3.9
VWO Vanguard FTSE Emerging Markets ETF 9.8 7 68 10.0 +5.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 9.7 32 43 8.9 +4.6
ESGE iShares ESG Aware MSCI EM ETF 9.2 25 50 9.9 +5.6
DFAE Dimensional Emerging Core Equity Market ETF 9.2 35 40 9.1 +4.8
SPEM SPDR Portfolio Emerging Markets ETF 9.1 7 68 10.3 +6.0
ESPO VanEck Video Gaming and eSports ETF 8.9 56 19 3.7 -0.6
LDEM iShares ESG MSCI EM Leaders ETF 8.8 17 58 13.5 +9.2
EMGF iShares Emerging Markets Equity Factor ETF 8.6 25 50 11.4 +7.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 8.5 41 34 8.4 +4.1
BNGE First Trust S-Network Streaming and Gaming ETF 8.4 70 5 2.5 -1.8
IEMG iShares Core MSCI Emerging Markets ETF 8.4 9 66 10.2 +5.9
OGIG ALPS O'Shares Global Internet Giants ETF 8.3 48 27 1.5 -2.8
FDEM Fidelity Emerging Markets Multifactor ETF 7.8 25 50 12.4 +8.1
JHEM John Hancock Multifactor Emerging Markets ETF 7.8 49 26 9.9 +5.6
IVRS iShares Future Metaverse Tech and Communications ETF 7.7 47 28 2.5 -1.8
AIQ Global X Artificial Intelligence & Technology ETF 7.3 68 7 3.6 -0.7
FDCF Fidelity Disruptive Communications ETF 7.3 50 25 2.6 -1.7
XNTK SPDR NYSE Technology ETF 7.1 35 40 3.5 -0.8
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 6.9 65 10 6.8 +2.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 6.9 38 37 9.0 +4.7
SMOG VanEck Low Carbon Energy ETF 6.8 61 14 1.8 -2.6
NUEM Nuveen ESG Emerging Markets Equity ETF 6.4 36 39 7.7 +3.4
ARVR First Trust Indxx Metaverse ETF 6.4 70 5 3.9 -0.4
PXH Invesco FTSE RAFI Emerging Markets ETF 6.3 49 26 15.3 +11.0
JIG JPMorgan International Growth ETF 5.9 55 20 4.7 +0.4
RAYC Rayliant Quantamental China Equity ETF 5.6 80 -5 7.3 +3.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 5.4 95 -20 11.5 +7.2
IXP iShares Global Comm Services ETF 5.4 42 33 5.3 +1.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 5.2 59 16 8.6 +4.3
AADR AdvisorShares Dorsey Wright ADR ETF 5.1 110 -35 4.7 +0.4
BOTT Themes Robotics & Automation ETF 5.0 35 40 3.9 -0.5
MOTI VanEck Morningstar International Moat ETF 5.0 58 17 11.8 +7.5
TTAI FCF International Quality ETF 5.0 59 16 7.3 +3.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 4.9 39 36 15.9 +11.6
BATT Amplify Lithium & Battery Technology ETF 4.9 59 16 3.3 -1.0
KURE KraneShares MSCI All China Health Care Index ETF 4.8 65 10 2.4 -1.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 4.7 30 45 9.0 +4.7
IPKW Invesco International BuyBack Achievers ETF 4.7 55 20 12.3 +8.0
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 4.6 55 20 6.9 +2.6
BEDZ AdvisorShares Hotel ETF 4.6 100 -25 6.7 +2.4
AWAY ETFMG Travel Tech ETF 4.6 76 -1 -0.9 -5.2
UMMA Wahed Dow Jones Islamic World ETF 4.4 65 10 5.3 +1.0
FMET Fidelity Metaverse ETF 4.4 39 36 4.6 +0.3
ERTH Invesco MSCI Sustainable Future ETF 4.3 62 13 3.6 -0.7
TIME Clockwise Core Equity & Innovation ETF 4.1 95 -20 2.8 -1.5
METV Roundhill Ball Metaverse ETF 4.1 59 16 7.4 +3.1
FEM First Trust Emerging Markets AlphaDEX Fund 4.1 80 -5 10.9 +6.6
APIE ActivePassive International Equity ETF 4.0 45 30 7.4 +3.1
MOTG VanEck Morningstar Global Wide Moat ETF 3.9 52 23 7.6 +3.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.9 60 15 8.1 +3.8
EMXF iShares ESG Advanced MSCI EM ETF 3.7 16 59 8.3 +4.0
FPXI First Trust International Equity Opportunities ETF 3.6 70 5 4.1 -0.2
CHAT Roundhill Generative AI & Technology ETF 3.6 75 0 8.8 +4.5
RNEM First Trust Emerging Markets Equity Select ETF 3.6 75 0 7.6 +3.3
FFTY Innovator IBD 50 ETF 3.5 80 -5 -2.3 -6.6
IBLC iShares Blockchain and Tech ETF 3.5 47 28 -2.7 -7.0
FCA First Trust China AlphaDEX Fund 3.5 80 -5 7.9 +3.6
DSTX Distillate International Fundamental Stability & Value ETF 3.5 55 20 7.7 +3.4
GINN Goldman Sachs Innovate Equity ETF 3.3 52 23 3.6 -0.7
PNQI Invesco NASDAQ Internet ETF 3.3 60 15 3.3 -1.1
GGME Invesco Next Gen Media and Gaming ETF 3.3 60 15 4.1 -0.2
BINV Brandes International ETF 3.3 70 5 9.3 +5.0
WRND IQ Global Equity R&D Leaders ETF 3.2 18 57 8.0 +3.7
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 3.1 72 3 -0.9 -5.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.1 41 34 7.4 +3.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 3.1 18 57 7.8 +3.5
ACWX iShares MSCI ACWI ex U.S. ETF 3.1 34 41 7.6 +3.3
DRIV Global X Autonomous & Electric Vehicles ETF 3.0 68 7 4.9 +0.6
CWI SPDR MSCI ACWI ex-US ETF 3.0 30 45 7.5 +3.2
VEU Vanguard FTSE All-World ex-US Index Fund 3.0 4 71 7.9 +3.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.9 90 -15 6.7 +2.4
EWH iShares MSCI Hong Kong ETF 2.8 50 25 5.0 +0.7
ANEW ProShares MSCI Transformational Changes ETF 2.8 45 30 6.1 +1.8
WUGI AXS Esoterica NextG Economy ETF 2.8 75 0 2.3 -2.0
LIT Global X Lithium & Battery Tech ETF 2.8 75 0 4.3 -0.0
VXUS Vanguard Total International Stock ETF 2.7 5 70 7.7 +3.4
ROAM Hartford Multifactor Emerging Markets ETF 2.7 44 31 11.9 +7.6
IDRV iShares Self-driving EV & Tech ETF 2.6 47 28 1.8 -2.5
IXUS iShares Core MSCI Total International Stock ETF 2.6 7 68 7.7 +3.4
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.6 57 18 3.8 -0.5
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 2.6 20 55 4.5 +0.2
GVIP Goldman Sachs Hedge Industry VIP ETF 2.5 45 30 3.1 -1.2
RXI iShares Global Consumer Discretionary ETF 2.5 41 34 9.0 +4.7
IBUY Amplify Online Retail ETF 2.3 65 10 0.8 -3.5
HAIL SPDR S&P Kensho Smart Mobility ETF 2.3 45 30 0.4 -3.9
KGRN KraneShares MSCI China Clean Technology Index ETF 2.3 79 -4 0.3 -4.0
PBW Invesco WilderHill Clean Energy ETF 2.2 66 9 -3.6 -7.9
QQQJ Invesco NASDAQ Next Gen 100 ETF 2.2 15 60 4.6 +0.3
TMAT Main Thematic Innovation ETF 2.2 164 -89 -1.5 -5.8
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.2 65 10 7.9 +3.6
KOCG FIS Knights of Columbus Global Belief ETF 2.2 75 0 5.2 +0.9
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 2.1 68 7 2.6 -1.7
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.1 67 8 13.5 +9.2
PBD Invesco Global Clean Energy ETF 2.0 75 0 -0.3 -4.6
HERO Global X Video Games & Esports ETF 2.0 50 25 3.7 -0.6
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.0 78 -3 9.1 +4.8
VICE AdvisorShares Vice ETF 2.0 99 -24 6.1 +1.8
ABLG Abacus FCF International Leaders ETF 2.0 59 16 6.8 +2.5
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.9 20 55 4.4 +0.1
IQDF FlexShares International Quality Dividend Index Fund 1.9 47 28 8.8 +4.5
CLNR IQ Cleaner Transport ETF 1.9 45 30 6.6 +2.3
EMMF WisdomTree Emerging Markets Multifactor Fund 1.9 48 27 7.3 +3.0
CGXU Capital Group International Focus Equity ETF 1.9 54 21 5.4 +1.1
FDRV Fidelity Electric Vehicles and Future Transportation ETF 1.9 39 36 -0.9 -5.2
FDTX Fidelity Disruptive Technology ETF 1.9 50 25 2.7 -1.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.8 70 5 13.0 +8.7
ARKF ARK Fintech Innovation ETF 1.8 75 0 -0.4 -4.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.8 30 45 7.7 +3.4
TRFM AAM Transformers ETF 1.8 49 26 1.3 -3.0
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.8 45 30 10.6 +6.3
VSGX Vanguard ESG International Stock ETF 1.7 10 65 7.5 +3.2
SFYF SoFi Social 50 ETF 1.7 29 46 0.4 -3.9
DGT SPDR Global Dow ETF 1.7 50 25 6.9 +2.6
LOGO Alpha Brands Consumption Leaders ETF 1.6 69 6 3.0 -1.3
FBOT Fidelity Disruptive Automation ETF 1.6 50 25 3.6 -0.7
BOTZ Global X Robotics & Artificial Intelligence ETF 1.6 69 6 2.4 -1.9
KOMP SPDR S&P Kensho New Economies Composite ETF 1.6 20 55 2.5 -1.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 1.5 25 50 6.5 +2.2
BUYZ Franklin Disruptive Commerce ETF 1.5 50 25 2.2 -2.1
IOO iShares Global 100 ETF 1.5 41 34 4.7 +0.4
QTUM Defiance Quantum ETF 1.5 40 35 5.3 +1.0
CNYA iShares MSCI China A ETF 1.5 60 15 6.2 +1.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.4 50 25 10.7 +6.4
BWEB Bitwise Web3 ETF 1.4 85 -10 -0.2 -4.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.4 47 28 8.2 +3.9
DFEV Dimensional Emerging Markets Value ETF 1.4 43 32 13.0 +8.7
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.4 61 14 1.3 -3.0
GURU Global X Guru Index ETF 1.4 75 0 2.9 -1.4
RGEF Rockefeller Global Equity ETF 1.4 55 20 4.7 +0.4
CZA Invesco Zacks Mid-Cap ETF 1.4 72 3 6.6 +2.3
KLMT Invesco MSCI Global Climate 500 ETF 1.3 10 65 5.6 +1.3
CCSO Carbon Collective Climate Solutions US Equity ETF 1.3 35 40 1.0 -3.3
KNCT Invesco Next Gen Connectivity ETF 1.3 40 35 4.7 +0.4
MOTO SmartETFs Smart Transportation & Technology ETF 1.3 68 7 7.2 +2.9
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.3 35 40 4.2 -0.1
NXTG First Trust Indxx NextG ETF 1.2 70 5 5.2 +0.9
CGIE Capital Group International Equity ETF 1.2 54 21 5.0 +0.7
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.2 58 17 4.2 -0.1
CARZ First Trust NASDAQ Global Auto Index Fund 1.2 70 5 4.7 +0.4
ETEC iShares Breakthrough Environmental Solutions ETF 1.1 47 28 3.3 -1.0
ACWI iShares MSCI ACWI ETF 1.1 32 43 5.4 +1.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.1 9 66 5.6 +1.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.1 65 10 2.0 -2.3
AVES Avantis Emerging Markets Value ETF 1.1 36 39 10.8 +6.5
CGGO Capital Group Global Growth Equity ETF 1.1 47 28 4.6 +0.3
JETS U.S. Global Jets ETF 1.0 60 15 2.7 -1.6
VT Vanguard Total World Stock ETF 1.0 6 69 5.8 +1.5
OND ProShares On-Demand ETF 1.0 58 17 0.6 -3.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.9 12 63 5.1 +0.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.9 20 55 5.6 +1.3
LIVR Intelligent Livermore ETF 0.8 69 6 5.3 +1.0
GLOF iShares Global Equity Factor ETF 0.7 20 55 6.3 +2.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.7 42 33 7.0 +2.7
XT iShares Exponential Technologies ETF 0.7 46 29 4.9 +0.6
OBOR KraneShares MSCI One Belt One Road Index ETF 0.7 79 -4 8.8 +4.5
CVY Invesco Zacks Multi-Asset Income ETF 0.7 106 -31 12.3 +8.0
IXN iShares Global Tech ETF 0.6 41 34 3.5 -0.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.6 75 0 3.0 -1.3
SHPP Pacer Industrials and Logistics ETF 0.6 60 15 8.7 +4.4
ACWV iShares MSCI Global Min Vol Factor ETF 0.6 20 55 6.2 +1.9
EPP iShares MSCI Pacific ex-Japan ETF 0.5 47 28 5.0 +0.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.5 21 54 3.6 -0.7
JGRO JPMorgan Active Growth ETF 0.5 44 31 3.3 -1.0
CVAR Cultivar ETF 0.5 87 -12 6.8 +2.5
CLOU Global X Cloud Computing ETF 0.5 68 7 2.2 -2.1
QQQ Invesco QQQ Trust Series I 0.5 20 55 4.0 -0.3
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.5 49 26 3.7 -0.6
QQQM Invesco NASDAQ 100 ETF 0.5 15 60 4.0 -0.3
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.4 65 10 4.8 +0.5
INTF iShares International Equity Factor ETF 0.4 15 60 7.5 +3.2
ROBO ROBO Global Robotics & Automation Index ETF 0.4 95 -20 3.4 -0.9
FBCG Fidelity Blue Chip Growth ETF 0.4 59 16 2.7 -1.6
SPYA Twin Oak Endure ETF 0.3 80 -5 -2.1 -6.4
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -14 4.8 +0.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.3 58 17 4.6 +0.3
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 55 4.1 -0.2
TEMP JPMorgan Climate Change Solutions ETF 0.3 49 26 5.8 +1.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.3 44 31 10.4 +6.1
EFRA iShares Environmental Infrastructure and Industrials ETF 0.2 47 28 5.2 +0.9
IQLT iShares MSCI Intl Quality Factor ETF 0.2 30 45 6.2 +1.9
JAVA JPMorgan Active Value ETF 0.2 44 31 6.4 +2.1
FFLC Fidelity Fundamental Large Cap Core ETF 0.2 38 37 4.5 +0.2
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 63 5.4 +1.1
IPAC iShares Core MSCI Pacific ETF 0.1 9 66 6.2 +1.9
IQSI IQ Candriam International Equity ETF 0.1 15 60 6.6 +2.3
EFG iShares MSCI EAFE Growth ETF 0.1 36 39 4.3 -0.0
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 45 5.3 +1.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 36 5.6 +1.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 50 7.0 +2.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 36 6.6 +2.3
IGPT Invesco AI and Next Gen Software ETF 0.1 60 15 4.1 -0.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 26 6.7 +2.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.1 20 55 6.3 +2.0
BKIE BNY Mellon International Equity ETF 0.1 4 71 6.9 +2.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 39 6.5 +2.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 55 6.8 +2.5
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.1 12 63 5.9 +1.6
EFA iShares MSCI EAFE ETF 0.1 35 40 6.6 +2.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.1 30 45 6.9 +2.6
IEFA iShares Core MSCI EAFE ETF 0.1 7 68 6.9 +2.6
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 71 6.9 +2.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 72 6.9 +2.6
AVDE Avantis International Equity ETF 0.0 23 52 7.2 +2.9
DEM WisdomTree Emerging Markets High Dividend Fund 0.0 63 12 13.1 +8.8
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 66 5.1 +0.8
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 45 5.9 +1.6
URTH iShares MSCI World ETF 0.0 24 51 5.0 +0.7
TOK iShares MSCI Kokusai ETF 0.0 26 49 5.0 +0.7
VYMI Vanguard International High Dividend Yield ETF 0.0 17 58 9.4 +5.1
AVSD Avantis Responsible International Equity ETF 0.0 23 52 5.6 +1.3

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

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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 2.4 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		 1.38 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.