CoreValues Alpha Greater China Growth ETF
ALTAR
Score™		 4.0% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 17.4x P/Sales
ratio		 1.4x
P/BV
ratio		 3.0x Div.
yield		 0.4%


  • 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) $10
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) $139,835
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 9.8 %
ALIBABA GROUP HOLDING LTD. SPONSOR 8.9 %
BYD CO LTD-H 8.0 %
TENCENT HOLDINGS LTD 7.7 %
PINDUODUO, INC. SPONSORED ADR CLAS 7.4 %
JD.COM, INC. CLASS A 5.8 %
LUCKIN COFFEE INC - ADR 5.1 %
TRIP.COM GROUP LTD. SPONSORED ADR 4.3 %
MEITUAN DIANPING 4.2 %
POP MART INTERNATIONAL GROUP LIMIT 4.2 %
Total 65.3 %

TOP COUNTRY EXPOSURE
CHINA 90.9 %
HONG KONG 2.8 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
12.8% 33.2% -- -- 20.4%

Market Correlations
versus... Beta R-squared
S&P500 -0.13 0%
MSCI EAFE 0.61 8%
MSCI Emg. Mkts. 2.21 52%

Technical Indicators
Recent close $26.33
30d moving avg. $26.69
Annualized volatility 28.1%
Short interest (ETF) 0.9%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.8%
Bid/Ask (% of price) 0.51%
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™: 4.0%


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
(%)
KTEC KraneShares Hang Seng TECH Index ETF 29.7 69 6 19.7 +15.7
MCH Matthews China Active ETF 29.1 79 -4 15.3 +11.4
CHIQ Global X MSCI China Consumer Discretionary ETF 28.8 65 10 13.7 +9.8
FXI iShares China Large-Cap ETF 28.2 74 1 18.1 +14.2
KWEB KraneShares CSI China Internet ETF 27.4 69 6 25.8 +21.8
MCHI iShares MSCI China ETF 26.1 59 16 17.8 +13.9
FLCH Franklin FTSE China ETF 24.8 19 56 17.2 +13.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 24.2 86 -11 13.7 +9.8
FDNI First Trust Dow Jones International Internet ETF 23.2 65 10 19.5 +15.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 23.0 32 43 17.8 +13.8
GXC SPDR S&P China ETF 22.8 59 16 16.7 +12.7
KALL KraneShares MSCI All China Index ETF 22.0 49 26 15.3 +11.3
CQQQ Invesco China Technology ETF 21.5 70 5 18.3 +14.4
TCHI iShares MSCI China Multisector Tech ETF 21.3 59 16 22.4 +18.4
MINV Matthews Asia Innovators Active ETF 21.2 79 -4 7.7 +3.8
JCHI JPMorgan Active China ETF 19.7 65 10 16.8 +12.8
PGJ Invesco Golden Dragon China ETF 19.3 70 5 13.9 +9.9
AIA iShares Asia 50 ETF 18.8 50 25 14.7 +10.7
EMC Global X Emerging Markets Great Consumer ETF 18.6 75 0 8.5 +4.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 18.5 20 55 11.3 +7.3
BKF iShares MSCI BIC ETF 18.3 69 6 13.0 +9.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 18.2 15 60 8.6 +4.6
EBIZ Global X E-Commerce ETF 15.4 50 25 4.3 +0.4
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 15.2 60 15 13.3 +9.3
ONLN ProShares Online Retail ETF 14.5 58 17 2.6 -1.3
EEMA iShares MSCI Emerging Markets Asia ETF 14.0 49 26 10.7 +6.8
MEM Matthews Emerging Markets Equity Active ETF 13.8 79 -4 8.5 +4.5
DEHP Dimensional Emerging Markets High Profitability ETF 13.5 41 34 6.5 +2.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 12.9 70 5 9.8 +5.9
ISHP First Trust Nasdaq Retail ETF 12.8 60 15 5.5 +1.6
ECON Columbia Emerging Markets Consumer ETF 12.8 49 26 12.9 +9.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 12.2 30 45 10.6 +6.6
GMF SPDR S&P Emerging Asia Pacific ETF 12.1 49 26 10.0 +6.1
FLAX Franklin FTSE Asia Ex Japan ETF 11.9 19 56 10.8 +6.9
DINT Davis Select International ETF 11.5 55 20 8.3 +4.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 11.5 40 35 5.6 +1.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 11.3 66 9 10.2 +6.2
SCHE Schwab Emerging Markets Equity ETF 11.3 11 64 11.6 +7.6
EEM iShares MSCI Emerging Markets ETF 11.1 69 6 10.7 +6.8
AIQ Global X Artificial Intelligence & Technology ETF 10.6 68 7 4.7 +0.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 10.5 36 39 11.2 +7.2
ESGE iShares ESG Aware MSCI EM ETF 10.4 25 50 10.7 +6.7
FCA First Trust China AlphaDEX Fund 10.4 80 -5 11.3 +7.3
BKEM BNY Mellon Emerging Markets Equity ETF 10.4 11 64 11.8 +7.8
PATN Pacer Nasdaq International Patent Leaders ETF 10.4 65 10 4.0 +0.0
VWO Vanguard FTSE Emerging Markets ETF 10.3 8 67 10.9 +6.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 10.2 15 60 10.8 +6.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 10.2 33 42 10.6 +6.6
SMOG VanEck Low Carbon Energy ETF 10.0 61 14 1.5 -2.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 10.0 45 30 11.0 +7.1
DWLD Davis Select Worldwide ETF 10.0 63 12 8.5 +4.5
BOUT Innovator IBD Breakout Opportunities ETF 9.9 81 -6 4.8 +0.8
PXH Invesco FTSE RAFI Emerging Markets ETF 9.7 49 26 16.7 +12.7
SPEM SPDR Portfolio Emerging Markets ETF 9.7 7 68 10.9 +7.0
IEMG iShares Core MSCI Emerging Markets ETF 9.6 9 66 10.9 +7.0
ESPO VanEck Video Gaming and eSports ETF 9.1 56 19 4.8 +0.8
ODDS Pacer BlueStar Digital Entertainment ETF 9.1 60 15 4.9 +0.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 9.0 32 43 9.6 +5.6
LDEM iShares ESG MSCI EM Leaders ETF 9.0 17 58 12.9 +8.9
ARVR First Trust Indxx Metaverse ETF 8.9 70 5 5.9 +1.9
DFAE Dimensional Emerging Core Equity Market ETF 8.9 35 40 10.2 +6.2
EMGF iShares Emerging Markets Equity Factor ETF 8.8 25 50 12.4 +8.5
AVEM Avantis Emerging Markets Equity ETF 8.8 33 42 9.7 +5.7
FEM First Trust Emerging Markets AlphaDEX Fund 8.7 80 -5 13.8 +9.9
BATT Amplify Lithium & Battery Technology ETF 8.5 59 16 3.8 -0.2
XNTK SPDR NYSE Technology ETF 8.5 35 40 4.4 +0.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 8.4 41 34 9.4 +5.4
JHEM John Hancock Multifactor Emerging Markets ETF 8.0 49 26 10.5 +6.6
FDEM Fidelity Emerging Markets Multifactor ETF 7.8 25 50 13.5 +9.6
SOCL Global X Social Media ETF 7.7 65 10 12.9 +8.9
IBLC iShares Blockchain and Tech ETF 7.7 47 28 -4.1 -8.0
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 7.7 75 0 5.9 +2.0
KGRN KraneShares MSCI China Clean Technology Index ETF 7.7 79 -4 3.8 -0.2
OGIG ALPS O'Shares Global Internet Giants ETF 7.5 48 27 1.9 -2.1
NUEM Nuveen ESG Emerging Markets Equity ETF 7.2 36 39 8.1 +4.2
FDCF Fidelity Disruptive Communications ETF 7.0 50 25 3.3 -0.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 6.7 38 37 9.9 +6.0
FDRV Fidelity Electric Vehicles and Future Transportation ETF 6.3 39 36 -1.1 -5.1
LIT Global X Lithium & Battery Tech ETF 6.2 75 0 5.9 +2.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 6.2 39 36 16.9 +13.0
MOTI VanEck Morningstar International Moat ETF 6.1 58 17 12.8 +8.9
IXP iShares Global Comm Services ETF 5.9 42 33 6.7 +2.7
BNGE First Trust S-Network Streaming and Gaming ETF 5.9 70 5 3.6 -0.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 5.8 95 -20 13.1 +9.1
IDRV iShares Self-driving EV & Tech ETF 5.8 47 28 2.5 -1.5
ERTH Invesco MSCI Sustainable Future ETF 5.6 62 13 2.5 -1.5
FPXI First Trust International Equity Opportunities ETF 5.5 70 5 3.9 -0.1
JIG JPMorgan International Growth ETF 5.4 55 20 4.8 +0.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 5.3 59 16 13.7 +9.7
EMXF iShares ESG Advanced MSCI EM ETF 5.3 16 59 8.4 +4.5
IVRS iShares Future Metaverse Tech and Communications ETF 5.3 47 28 2.8 -1.2
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 5.2 65 10 7.9 +3.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 5.2 30 45 9.3 +5.4
OND ProShares On-Demand ETF 5.1 58 17 1.5 -2.5
UMMA Wahed Dow Jones Islamic World ETF 4.9 65 10 5.3 +1.3
HAIL SPDR S&P Kensho Smart Mobility ETF 4.8 45 30 2.0 -2.0
RAYC Rayliant Quantamental China Equity ETF 4.7 80 -5 9.0 +5.1
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.6 60 15 8.0 +4.0
GGME Invesco Next Gen Media and Gaming ETF 4.5 60 15 5.0 +1.0
FMET Fidelity Metaverse ETF 4.4 39 36 5.1 +1.2
CHAT Roundhill Generative AI & Technology ETF 4.3 75 0 14.8 +10.8
BEDZ AdvisorShares Hotel ETF 4.3 100 -25 2.5 -1.5
AWAY ETFMG Travel Tech ETF 4.3 76 -1 0.0 -4.0
MOTO SmartETFs Smart Transportation & Technology ETF 4.3 68 7 7.8 +3.8
METV Roundhill Ball Metaverse ETF 4.2 59 16 8.3 +4.3
RXI iShares Global Consumer Discretionary ETF 4.2 41 34 9.2 +5.3
CLNR IQ Cleaner Transport ETF 4.1 45 30 7.3 +3.3
FFTY Innovator IBD 50 ETF 4.1 80 -5 -2.5 -6.5
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 4.0 55 20 8.1 +4.1
PNQI Invesco NASDAQ Internet ETF 4.0 60 15 3.8 -0.1
WUGI AXS Esoterica NextG Economy ETF 3.8 75 0 2.9 -1.1
RNEM First Trust Emerging Markets Equity Select ETF 3.7 75 0 1.0 -3.0
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 3.7 90 -15 8.4 +4.4
WRND IQ Global Equity R&D Leaders ETF 3.7 18 57 7.9 +3.9
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 3.7 61 14 1.4 -2.6
MOTG VanEck Morningstar Global Wide Moat ETF 3.6 52 23 6.7 +2.7
AADR AdvisorShares Dorsey Wright ADR ETF 3.6 110 -35 5.1 +1.1
IBUY Amplify Online Retail ETF 3.5 65 10 3.7 -0.3
CWI SPDR MSCI ACWI ex-US ETF 3.4 30 45 8.2 +4.2
BINV Brandes International ETF 3.4 70 5 9.5 +5.6
ACWX iShares MSCI ACWI ex U.S. ETF 3.3 34 41 8.1 +4.2
FBOT Fidelity Disruptive Automation ETF 3.3 50 25 4.0 0.0
ROAM Hartford Multifactor Emerging Markets ETF 3.3 44 31 11.3 +7.3
TTAI FCF International Quality ETF 3.2 59 16 6.9 +3.0
ANEW ProShares MSCI Transformational Changes ETF 3.2 45 30 7.0 +3.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.2 41 34 7.1 +3.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 3.1 18 57 8.1 +4.2
KOCG FIS Knights of Columbus Global Belief ETF 3.1 75 0 6.1 +2.1
VEU Vanguard FTSE All-World ex-US Index Fund 3.1 8 67 8.5 +4.5
TIME Clockwise Core Equity & Innovation ETF 3.0 95 -20 8.1 +4.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.0 65 10 8.6 +4.6
PTEC Global X PropTech ETF 3.0 50 25 2.5 -1.5
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 3.0 57 18 4.3 +0.4
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 2.9 68 7 2.7 -1.3
IXUS iShares Core MSCI Total International Stock ETF 2.9 7 68 8.3 +4.3
VXUS Vanguard Total International Stock ETF 2.8 7 68 8.3 +4.3
APIE ActivePassive International Equity ETF 2.7 45 30 7.7 +3.7
CGXU Capital Group International Focus Equity ETF 2.7 54 21 5.9 +1.9
IPKW Invesco International BuyBack Achievers ETF 2.7 55 20 15.3 +11.4
GVIP Goldman Sachs Hedge Industry VIP ETF 2.6 45 30 3.0 -0.9
GINN Goldman Sachs Innovate Equity ETF 2.6 52 23 4.4 +0.4
CNYA iShares MSCI China A ETF 2.6 60 15 7.2 +3.3
QTUM Defiance Quantum ETF 2.3 40 35 7.7 +3.8
NXTG First Trust Indxx NextG ETF 2.2 70 5 5.8 +1.9
QNXT iShares Nasdaq-100 ex Top 30 ETF 2.2 20 55 4.5 +0.5
TRFM AAM Transformers ETF 2.2 49 26 1.9 -2.1
EWH iShares MSCI Hong Kong ETF 2.1 50 25 6.1 +2.1
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.1 75 0 3.5 -0.5
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.1 67 8 13.3 +9.3
KOMP SPDR S&P Kensho New Economies Composite ETF 2.0 20 55 3.7 -0.3
DRIV Global X Autonomous & Electric Vehicles ETF 2.0 68 7 6.8 +2.8
PBW Invesco WilderHill Clean Energy ETF 2.0 66 9 -6.0 -9.9
CCSO Carbon Collective Climate Solutions US Equity ETF 1.9 35 40 1.9 -2.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 1.9 25 50 6.5 +2.5
CARZ First Trust NASDAQ Global Auto Index Fund 1.8 70 5 6.0 +2.0
IQDF FlexShares International Quality Dividend Index Fund 1.8 47 28 9.5 +5.6
FDTX Fidelity Disruptive Technology ETF 1.8 50 25 3.0 -0.9
KNCT Invesco Next Gen Connectivity ETF 1.8 40 35 5.1 +1.1
BUYZ Franklin Disruptive Commerce ETF 1.7 50 25 2.6 -1.4
VSGX Vanguard ESG International Stock ETF 1.7 12 63 8.2 +4.2
ARKF ARK Fintech Innovation ETF 1.7 75 0 -0.3 -4.2
DGT SPDR Global Dow ETF 1.6 50 25 8.1 +4.1
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.6 20 55 4.5 +0.5
KLMT Invesco MSCI Global Climate 500 ETF 1.6 10 65 6.1 +2.1
QQQJ Invesco NASDAQ Next Gen 100 ETF 1.5 15 60 5.7 +1.7
SATO Invesco Alerian Galaxy Crypto Economy ETF 1.5 61 14 -1.1 -5.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.5 30 45 8.6 +4.7
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.5 45 30 11.1 +7.1
IOO iShares Global 100 ETF 1.5 41 34 5.4 +1.4
GURU Global X Guru Index ETF 1.5 75 0 4.2 +0.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.5 50 25 11.6 +7.6
PBD Invesco Global Clean Energy ETF 1.4 75 0 0.4 -3.6
BWEB Bitwise Web3 ETF 1.4 85 -10 0.1 -3.9
SFYF SoFi Social 50 ETF 1.4 29 46 0.1 -3.9
EMMF WisdomTree Emerging Markets Multifactor Fund 1.4 48 27 7.8 +3.8
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.3 65 10 3.5 -0.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.3 47 28 9.0 +5.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.3 58 17 4.3 +0.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.2 35 40 4.5 +0.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.2 12 63 5.2 +1.2
ACWI iShares MSCI ACWI ETF 1.2 32 43 6.1 +2.1
BLOK Amplify Transformational Data Sharing ETF 1.1 75 0 0.4 -3.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.1 9 66 6.0 +2.0
CGIE Capital Group International Equity ETF 1.1 54 21 5.1 +1.2
VT Vanguard Total World Stock ETF 1.0 7 68 6.4 +2.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.0 20 55 6.3 +2.4
JETS U.S. Global Jets ETF 1.0 60 15 4.2 +0.2
CGGO Capital Group Global Growth Equity ETF 0.9 47 28 5.0 +1.0
ETEC iShares Breakthrough Environmental Solutions ETF 0.9 47 28 5.8 +1.8
ACWV iShares MSCI Global Min Vol Factor ETF 0.9 20 55 7.6 +3.6
TEMP JPMorgan Climate Change Solutions ETF 0.8 49 26 5.9 +1.9
DSTX Distillate International Fundamental Stability & Value ETF 0.8 55 20 8.4 +4.5
DFEV Dimensional Emerging Markets Value ETF 0.8 43 32 14.5 +10.5
OBOR KraneShares MSCI One Belt One Road Index ETF 0.7 79 -4 7.7 +3.7
IXN iShares Global Tech ETF 0.7 41 34 4.5 +0.5
XT iShares Exponential Technologies ETF 0.7 46 29 5.5 +1.5
QQQ Invesco QQQ Trust Series I 0.6 20 55 4.6 +0.6
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.6 65 10 4.4 +0.4
QQQM Invesco NASDAQ 100 ETF 0.6 15 60 4.6 +0.7
CLOU Global X Cloud Computing ETF 0.5 68 7 1.9 -2.1
VIGI Vanguard International Dividend Appreciation ETF 0.5 15 60 6.2 +2.2
RGEF Rockefeller Global Equity ETF 0.5 55 20 5.2 +1.3
JGRO JPMorgan Active Growth ETF 0.5 44 31 4.0 +0.1
FFLC Fidelity Fundamental Large Cap Core ETF 0.5 38 37 4.9 +1.0
CVAR Cultivar ETF 0.5 87 -12 6.1 +2.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.5 70 5 15.8 +11.8
EEMO Invesco S&P Emerging Markets Momentum ETF 0.5 29 46 6.2 +2.2
GLOF iShares Global Equity Factor ETF 0.5 20 55 7.0 +3.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.4 58 17 5.5 +1.5
EPP iShares MSCI Pacific ex-Japan ETF 0.4 47 28 5.7 +1.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 54 4.3 +0.3
ROBO ROBO Global Robotics & Automation Index ETF 0.4 95 -20 4.0 0.0
FBCG Fidelity Blue Chip Growth ETF 0.4 59 16 3.5 -0.5
IGRO iShares International Dividend Growth ETF 0.3 15 60 7.3 +3.3
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 55 4.6 +0.7
AVES Avantis Emerging Markets Value ETF 0.3 36 39 12.2 +8.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 33 6.8 +2.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.3 35 40 21.6 +17.6
INTF iShares International Equity Factor ETF 0.3 15 60 8.1 +4.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.2 44 31 11.0 +7.1
EFRA iShares Environmental Infrastructure and Industrials ETF 0.2 47 28 4.4 +0.4
JAVA JPMorgan Active Value ETF 0.2 44 31 6.8 +2.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 10 8.1 +4.1
IPAC iShares Core MSCI Pacific ETF 0.1 9 66 7.1 +3.1
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 63 5.8 +1.8
EFG iShares MSCI EAFE Growth ETF 0.1 36 39 4.5 +0.5
IQLT iShares MSCI Intl Quality Factor ETF 0.1 30 45 6.3 +2.4
IQSI IQ Candriam International Equity ETF 0.1 15 60 6.7 +2.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 36 6.3 +2.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 50 7.5 +3.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 36 7.0 +3.0
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 45 5.6 +1.7
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.0 12 63 6.2 +2.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.0 20 55 6.6 +2.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.0 36 39 6.9 +2.9
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 55 7.1 +3.2
EFA iShares MSCI EAFE ETF 0.0 35 40 7.0 +3.1
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 71 7.4 +3.4
IEFA iShares Core MSCI EAFE ETF 0.0 7 68 7.4 +3.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 72 7.5 +3.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 7 68 7.0 +3.1
BKIE BNY Mellon International Equity ETF 0.0 4 71 7.3 +3.4
DEM WisdomTree Emerging Markets High Dividend Fund 0.0 63 12 13.6 +9.6
AVDE Avantis International Equity ETF 0.0 23 52 8.0 +4.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 66 5.6 +1.6
URTH iShares MSCI World ETF 0.0 24 51 5.5 +1.5
TOK iShares MSCI Kokusai ETF 0.0 26 49 5.0 +1.0
VYMI Vanguard International High Dividend Yield ETF 0.0 22 53 10.0 +6.0
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 45 6.0 +2.0
AVSD Avantis Responsible International Equity ETF 0.0 23 52 6.8 +2.9

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

  2020 2021 2022 2023 2024 2025E 2026E
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Dividends per share info ** ** ** ** ** ** **
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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 13.3 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 4.0 %
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.