CoreValues Alpha Greater China Growth ETF
ALTAR
Score™		 3.5% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 20.8x P/Sales
ratio		 1.0x
P/BV
ratio		 2.7x Div.
yield		 0.7%


  • 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) $144,905
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
ALIBABA GROUP HOLDING LTD. SPONSOR 10.3 %
TENCENT HOLDINGS LTD 9.5 %
XIAOMI CORP. CLASS B 6.4 %
TRIP.COM GROUP LTD. SPONSORED ADR 5.6 %
LUCKIN COFFEE INC - ADR 5.3 %
UBTECH ROBOTICS CORP LTD 5.0 %
MEITUAN DIANPING 4.7 %
HORIZON ROBOTICS 4.4 %
BYD CO LTD-H 4.2 %
PINDUODUO, INC. SPONSORED ADR CLAS 4.2 %
Total 59.6 %

TOP COUNTRY EXPOSURE
CHINA 81.5 %
HONG KONG 10.7 %









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.
30.7% 28.3% -- -- 23.2%

Market Correlations
versus... Beta R-squared
S&P500 0.03 0%
MSCI EAFE 0.50 6%
MSCI Emg. Mkts. 0.99 17%

Technical Indicators
Recent close $28.48
30d moving avg. $30.43
Annualized volatility 24.6%
Short interest (ETF) 1.5%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 8
Turnover 2.1%
Bid/Ask (% of price) 0.72%
ADV underlying (mns) $44,706

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 267 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™: 3.5%


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 29.4 74 1 16.3 +12.9
MCH Matthews China Active ETF 26.1 79 -4 13.7 +10.2
KTEC KraneShares Hang Seng TECH Index ETF 26.0 69 6 19.2 +15.8
KWEB KraneShares CSI China Internet ETF 25.9 69 6 25.1 +21.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 25.3 32 43 13.2 +9.8
FLCH Franklin FTSE China ETF 24.1 19 56 15.0 +11.6
FDNI First Trust Dow Jones International Internet ETF 23.3 65 10 22.1 +18.6
MCHI iShares MSCI China ETF 22.8 59 16 16.2 +12.8
CQQQ Invesco China Technology ETF 22.5 70 5 15.1 +11.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 21.7 86 -11 13.9 +10.5
TCHI iShares MSCI China Multisector Tech ETF 21.6 59 16 16.5 +13.1
MINV Matthews Asia Innovators Active ETF 21.4 79 -4 6.9 +3.4
GXC SPDR S & P China ETF 20.9 59 16 15.3 +11.8
KALL KraneShares MSCI All China Index ETF 20.7 49 26 12.7 +9.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 19.2 15 60 7.3 +3.9
EEMO Invesco S&P Emerging Markets Momentum ETF 19.0 29 46 7.3 +3.9
JCHI JPMorgan Active China ETF 18.0 65 10 13.9 +10.5
CHIQ Global X MSCI China Consumer Discretionary ETF 17.9 65 10 13.9 +10.5
EMC Global X Emerging Markets Great Consumer ETF 17.4 75 0 7.4 +3.9
PGJ Invesco Golden Dragon China ETF 17.4 70 5 13.6 +10.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 17.4 20 55 9.4 +6.0
BKF iShares MSCI BIC ETF 17.2 69 6 12.7 +9.3
AIA iShares Asia 50 ETF 16.9 50 25 12.4 +8.9
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 16.4 60 15 10.0 +6.5
EBIZ Global X E-Commerce ETF 15.7 50 25 4.1 +0.7
SOCL Global X Social Media ETF 14.3 65 10 11.2 +7.7
DINT Davis Select International ETF 13.9 55 20 7.6 +4.2
ISHP First Trust Nasdaq Retail ETF 13.9 60 15 5.6 +2.2
DEHP Dimensional Emerging Markets High Profitability ETF 13.5 41 34 6.2 +2.8
ONLN ProShares Online Retail ETF 13.1 58 17 2.5 -0.9
MEM Matthews Emerging Markets Equity Active ETF 12.6 79 -4 7.2 +3.7
DWLD Davis Select Worldwide ETF 12.2 63 12 7.2 +3.8
ECON Columbia Emerging Markets Consumer ETF 11.9 49 26 11.4 +7.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 11.8 40 35 6.6 +3.1
FLAX Franklin FTSE Asia Ex Japan ETF 11.5 19 56 8.2 +4.8
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 11.3 75 0 3.3 -0.1
EEMA iShares MSCI Emerging Markets Asia ETF 11.3 49 26 8.8 +5.4
ODDS Pacer BlueStar Digital Entertainment ETF 11.2 60 15 2.8 -0.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 11.1 66 9 8.8 +5.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 10.7 45 30 9.4 +5.9
ESPO VanEck Video Gaming and eSports ETF 10.5 56 19 5.2 +1.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 10.4 70 5 8.2 +4.8
HUMN Roundhill Humanoid Robotics ETF 10.4 75 0 1.8 -1.6
AVEM Avantis Emerging Markets Equity ETF 10.2 33 42 8.0 +4.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 10.2 36 39 8.9 +5.4
BKEM BNY Mellon Emerging Markets Equity ETF 10.2 11 64 9.1 +5.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 10.0 33 42 9.1 +5.7
GMF SPDR S&P Emerging Asia Pacific ETF 10.0 49 26 9.2 +5.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 10.0 30 45 9.4 +5.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 10.0 15 60 9.4 +6.0
AVSE Avantis Responsible Emerging Markets Equity ETF 9.8 33 42 7.8 +4.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 9.7 32 43 8.2 +4.8
SCHE Schwab Emerging Markets Equity ETF 9.6 11 64 10.3 +6.8
PATN Pacer Nasdaq International Patent Leaders ETF 9.4 65 10 5.3 +1.8
EEM iShares MSCI Emerging Markets ETF 9.0 69 6 9.3 +5.8
VWO Vanguard FTSE Emerging Markets ETF 8.8 7 68 9.9 +6.5
IVRS iShares Future Metaverse Tech and Communications ETF 8.7 47 28 3.2 -0.3
OGIG ALPS O'Shares Global Internet Giants ETF 8.4 48 27 2.3 -1.2
SPEM SPDR Portfolio Emerging Markets ETF 8.4 7 68 10.2 +6.7
ESGE iShares ESG Aware MSCI EM ETF 8.3 25 50 9.1 +5.7
DFAE Dimensional Emerging Core Equity Market ETF 8.2 35 40 8.4 +5.0
LDEM iShares ESG MSCI EM Leaders ETF 8.2 17 58 13.6 +10.1
EMGF iShares Emerging Markets Equity Factor ETF 7.9 25 50 10.5 +7.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 7.9 41 34 8.0 +4.5
FDEM Fidelity Emerging Markets Multifactor ETF 7.8 25 50 11.8 +8.4
JHEM John Hancock Multifactor Emerging Markets ETF 7.8 49 26 9.2 +5.8
IEMG iShares Core MSCI Emerging Markets ETF 7.7 9 66 9.5 +6.1
BNGE First Trust S-Network Streaming and Gaming ETF 7.5 70 5 2.8 -0.7
AIQ Global X Artificial Intelligence & Technology ETF 7.4 68 7 3.6 +0.2
FDCF Fidelity Disruptive Communications ETF 7.3 50 25 4.3 +0.8
XNTK State Street SPDR NYSE Technology ETF 7.0 35 40 3.6 +0.2
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 7.0 65 10 6.9 +3.4
SMOG VanEck Low Carbon Energy ETF 6.9 61 14 1.5 -1.9
NUEM Nuveen ESG Emerging Markets Equity ETF 6.4 36 39 7.1 +3.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 6.1 38 37 8.4 +4.9
PXH Invesco FTSE RAFI Emerging Markets ETF 6.0 49 26 14.5 +11.1
JIG JPMorgan International Growth ETF 5.9 55 20 4.6 +1.2
RAYC Rayliant Quantamental China Equity ETF 5.7 80 -5 8.2 +4.7
BEDZ AdvisorShares Hotel ETF 5.6 100 -25 7.3 +3.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 5.2 95 -20 10.8 +7.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 5.2 59 16 8.4 +4.9
IXP iShares Global Comm Services ETF 5.1 42 33 6.0 +2.5
IPKW Invesco International BuyBack Achievers ETF 5.0 55 20 8.8 +5.4
ARVR First Trust Indxx Metaverse ETF 5.0 70 5 4.0 +0.6
TTAI FCF International Quality ETF 5.0 59 16 7.2 +3.8
MOTI VanEck Morningstar International Moat ETF 4.9 58 17 10.6 +7.2
BOTT Themes Robotics & Automation ETF 4.8 35 40 -1.3 -4.7
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 4.6 55 20 7.2 +3.7
KURE KraneShares MSCI All China Health Care Index ETF 4.5 65 10 2.8 -0.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 4.5 30 45 8.6 +5.1
FMET Fidelity Metaverse ETF 4.4 39 36 4.7 +1.3
ERTH Invesco MSCI Sustainable Future ETF 4.2 62 13 3.4 -0.1
APIE ActivePassive International Equity ETF 4.2 45 30 7.1 +3.6
BATT Amplify Lithium & Battery Technology ETF 4.2 59 16 2.7 -0.7
METV Roundhill Ball Metaverse ETF 4.2 59 16 9.2 +5.7
AADR AdvisorShares Dorsey Wright ADR ETF 4.1 110 -35 4.8 +1.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 4.1 39 36 15.1 +11.7
UMMA Wahed Dow Jones Islamic World ETF 4.1 65 10 4.8 +1.3
MOTG VanEck Morningstar Global Wide Moat ETF 4.1 52 23 8.8 +5.4
AWAY ETFMG Travel Tech ETF 4.0 76 -1 -0.1 -3.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.9 60 15 7.8 +4.4
FPXI First Trust International Equity Opportunities ETF 3.8 70 5 4.3 +0.8
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 3.6 72 3 -1.2 -4.7
LIT Global X Lithium & Battery Tech ETF 3.6 75 0 4.4 +0.9
EMXF iShares ESG Advanced MSCI EM ETF 3.4 16 59 7.8 +4.4
GINN Goldman Sachs Innovate Equity ETF 3.3 52 23 3.7 +0.2
GGME Invesco Next Gen Media and Gaming ETF 3.3 60 15 4.7 +1.2
BINV Brandes International ETF 3.3 70 5 9.0 +5.5
IBLC iShares Blockchain and Tech ETF 3.3 47 28 -1.7 -5.1
PNQI Invesco NASDAQ Internet ETF 3.2 60 15 3.7 +0.2
CHAT Roundhill Generative AI & Technology ETF 3.2 75 0 7.7 +4.2
WRND IQ Global Equity R&D Leaders ETF 3.2 18 57 7.6 +4.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.1 41 34 7.0 +3.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 3.1 18 57 7.2 +3.7
TIME Clockwise Core Equity & Innovation ETF 3.0 95 -20 3.9 +0.5
RXI iShares Global Consumer Discretionary ETF 2.9 41 34 8.3 +4.8
ACWX iShares MSCI ACWI ex U.S. ETF 2.9 34 41 7.2 +3.8
ANEW ProShares MSCI Transformational Changes ETF 2.8 45 30 5.2 +1.8
WUGI AXS Esoterica NextG Economy ETF 2.8 75 0 2.3 -1.1
RNEM First Trust Emerging Markets Equity Select ETF 2.8 75 0 8.3 +4.9
CWI SPDR MSCI ACWI ex-US ETF 2.8 30 45 7.3 +3.8
ARKF ARK Fintech Innovation ETF 2.8 75 0 0.2 -3.3
VEU Vanguard FTSE All-World ex-US Index Fund 2.7 4 71 7.6 +4.1
ROAM Hartford Multifactor Emerging Markets ETF 2.7 44 31 10.9 +7.5
FCA First Trust China AlphaDEX Fund 2.7 80 -5 8.6 +5.2
DRIV Global X Autonomous & Electric Vehicles ETF 2.6 68 7 4.7 +1.2
GVIP Goldman Sachs Hedge Industry VIP ETF 2.5 45 30 3.3 -0.2
VXUS Vanguard Total International Stock ETF 2.5 5 70 7.5 +4.1
IXUS iShares Core MSCI Total International Stock ETF 2.5 7 68 7.4 +4.0
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.4 67 8 14.4 +11.0
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 2.4 45 30 1.4 -2.0
IBUY Amplify Online Retail ETF 2.3 65 10 2.7 -0.8
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.3 57 18 4.0 +0.6
DSTX Distillate International Fundamental Stability & Value ETF 2.3 55 20 7.5 +4.1
IDRV iShares Self-driving EV & Tech ETF 2.3 47 28 1.3 -2.1
HYP Golden Eagle Dynamic Hypergrowth ETF 2.3 85 -10 -1.7 -5.1
EWH iShares MSCI Hong Kong ETF 2.3 50 25 4.9 +1.4
FFTY Innovator IBD 50 ETF 2.3 80 -5 -2.6 -6.1
KGRN KraneShares MSCI China Clean Technology Index ETF 2.3 79 -4 0.4 -3.1
TMAT Main Thematic Innovation ETF 2.2 164 -89 -1.5 -4.9
KOCG FIS Knights of Columbus Global Belief ETF 2.2 75 0 4.8 +1.4
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.2 65 10 8.0 +4.6
PBD Invesco Global Clean Energy ETF 2.1 75 0 0.9 -2.6
QNXT iShares Nasdaq-100 ex Top 30 ETF 2.1 20 55 4.8 +1.4
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 2.1 20 55 4.5 +1.1
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 2.0 68 7 4.3 +0.8
BOTZ Global X Robotics & Artificial Intelligence ETF 2.0 69 6 2.1 -1.3
DARP Grizzle Growth ETF 2.0 75 0 2.8 -0.7
IQDF FlexShares International Quality Dividend Index Fund 1.9 47 28 8.3 +4.9
CLNR IQ Cleaner Transport ETF 1.9 45 30 5.0 +1.6
CGXU Capital Group International Focus Equity ETF 1.9 54 21 5.4 +2.0
SFYF SoFi Social 50 ETF 1.9 29 46 1.0 -2.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.9 78 -3 8.8 +5.4
VICE AdvisorShares Vice ETF 1.9 99 -24 6.5 +3.1
HERO Global X Video Games & Esports ETF 1.9 50 25 4.4 +1.0
NERD Roundhill Video Games ETF 1.9 50 25 6.4 +3.0
ABLG Abacus FCF International Leaders ETF 1.9 59 16 6.5 +3.1
FDRV Fidelity Electric Vehicles and Future Transportation ETF 1.9 39 36 -1.3 -4.7
FDTX Fidelity Disruptive Technology ETF 1.9 50 25 2.6 -0.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.7 45 30 9.9 +6.4
QQQJ Invesco NASDAQ Next Gen 100 ETF 1.7 15 60 4.8 +1.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.7 30 45 7.4 +4.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.7 70 5 11.6 +8.1
PBW Invesco WilderHill Clean Energy ETF 1.7 66 9 -3.3 -6.7
RGEF Rockefeller Global Equity ETF 1.6 55 20 4.6 +1.1
GURU Global X Guru Index ETF 1.6 75 0 3.1 -0.3
FBOT Fidelity Disruptive Automation ETF 1.6 50 25 3.4 -0.0
CCSO Carbon Collective Climate Solutions US Equity ETF 1.6 35 40 1.3 -2.2
XT iShares Exponential Technologies ETF 1.5 46 29 4.6 +1.2
VSGX Vanguard ESG International Stock ETF 1.5 10 65 7.4 +4.0
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 1.5 20 55 2.9 -0.5
BUYZ Franklin Disruptive Commerce ETF 1.5 50 25 2.6 -0.9
EMMF WisdomTree Emerging Markets Multifactor Fund 1.5 48 27 7.0 +3.5
QTUM Defiance Quantum ETF 1.4 40 35 5.4 +1.9
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.4 90 -15 4.7 +1.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.4 50 25 10.0 +6.6
BWEB Bitwise Web3 ETF 1.4 85 -10 0.0 -3.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.4 47 28 7.7 +4.3
IOO iShares Global 100 ETF 1.4 41 34 4.5 +1.1
KLMT Invesco MSCI Global Climate 500 ETF 1.3 10 65 5.6 +2.2
KNCT Invesco Next Gen Connectivity ETF 1.3 40 35 4.5 +1.1
CNYA iShares MSCI China A ETF 1.3 60 15 7.0 +3.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 1.3 25 50 6.3 +2.9
MOTO SmartETFs Smart Transportation & Technology ETF 1.3 68 7 6.6 +3.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.3 35 40 4.2 +0.7
TRFM AAM Transformers ETF 1.2 49 26 1.3 -2.2
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.2 61 14 2.2 -1.3
CGIE Capital Group International Equity ETF 1.2 54 21 4.9 +1.4
DGT State Street SPDR Global Dow ETF 1.2 50 25 6.6 +3.1
OND ProShares On-Demand ETF 1.1 58 17 -0.5 -4.0
CARZ First Trust NASDAQ Global Auto Index Fund 1.1 70 5 4.2 +0.7
AVES Avantis Emerging Markets Value ETF 1.1 36 39 10.5 +7.0
CGGO Capital Group Global Growth Equity ETF 1.1 47 28 4.2 +0.7
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.0 58 17 4.6 +1.1
ACWI iShares MSCI ACWI ETF 1.0 32 43 5.4 +1.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.0 9 66 5.5 +2.1
ETEC iShares Breakthrough Environmental Solutions ETF 1.0 47 28 3.5 +0.1
JETS U.S. Global Jets ETF 1.0 60 15 3.3 -0.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.9 12 63 5.1 +1.6
VT Vanguard Total World Stock ETF 0.9 6 69 5.7 +2.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.9 20 55 5.5 +2.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.9 65 10 2.0 -1.5
NXTG First Trust Indxx NextG ETF 0.9 70 5 4.9 +1.5
FEM First Trust Emerging Markets AlphaDEX Fund 0.8 80 -5 11.1 +7.7
LIVR Intelligent Livermore ETF 0.8 69 6 3.3 -0.1
GLOF iShares Global Equity Factor ETF 0.8 20 55 6.7 +3.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.7 42 33 6.2 +2.8
OBOR KraneShares MSCI One Belt One Road Index ETF 0.7 79 -4 7.9 +4.4
CVY Invesco Zacks Multi-Asset Income ETF 0.7 106 -31 11.9 +8.4
GINX SGI Enhanced Global Income ETF 0.6 98 -23 8.0 +4.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.6 75 0 2.9 -0.6
SHPP Pacer Industrials and Logistics ETF 0.6 60 15 8.2 +4.8
CLOU Global X Cloud Computing ETF 0.6 68 7 2.3 -1.1
ARKK ARK Innovation ETF 0.6 75 0 -2.5 -6.0
ARKW ARK Next Generation Internet ETF 0.5 87 -12 0.7 -2.7
EPP iShares MSCI Pacific ex-Japan ETF 0.5 47 28 5.2 +1.8
ACWV iShares MSCI Global Min Vol Factor ETF 0.5 20 55 5.9 +2.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.5 21 54 3.8 +0.3
JGRO JPMorgan Active Growth ETF 0.5 44 31 3.6 +0.1
IXN iShares Global Tech ETF 0.5 41 34 3.4 -0.0
QQQ Invesco QQQ Trust Series I 0.5 20 55 4.1 +0.7
QQQM Invesco NASDAQ 100 ETF 0.5 15 60 4.2 +0.7
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.5 49 26 3.8 +0.4
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.4 65 10 5.1 +1.6
ROBO ROBO Global Robotics & Automation Index ETF 0.4 95 -20 3.3 -0.2
SPYA Twin Oak Endure ETF 0.4 80 -5 -0.4 -3.9
FBCG Fidelity Blue Chip Growth ETF 0.4 59 16 2.9 -0.5
INTF iShares International Equity Factor ETF 0.3 15 60 7.3 +3.8
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 55 4.2 +0.7
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -14 5.1 +1.6
TEMP JPMorgan Climate Change Solutions ETF 0.3 49 26 5.6 +2.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.3 44 31 10.3 +6.8
EFRA iShares Environmental Infrastructure and Industrials ETF 0.2 47 28 5.3 +1.9
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.2 58 17 4.3 +0.9
DFEV Dimensional Emerging Markets Value ETF 0.2 43 32 11.6 +8.1
IQLT iShares MSCI Intl Quality Factor ETF 0.2 30 45 6.1 +2.7
JAVA JPMorgan Active Value ETF 0.2 44 31 6.4 +3.0
FFLC Fidelity Fundamental Large Cap Core ETF 0.2 38 37 4.5 +1.1
IPAC iShares Core MSCI Pacific ETF 0.1 9 66 6.0 +2.6
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 63 5.2 +1.8
IQSI IQ Candriam International Equity ETF 0.1 15 60 6.2 +2.7
IGPT Invesco AI and Next Gen Software ETF 0.1 60 15 4.3 +0.8
EFG iShares MSCI EAFE Growth ETF 0.1 36 39 4.2 +0.7
IMTM iShares MSCI Intl Momentum Factor ETF 0.1 30 45 5.4 +1.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 36 5.7 +2.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 50 6.8 +3.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 36 6.3 +2.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 26 6.9 +3.4
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.1 20 55 6.1 +2.6
BKIE BNY Mellon International Equity ETF 0.1 4 71 6.6 +3.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 39 6.2 +2.8
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 55 6.5 +3.0
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.1 35 40 6.2 +2.7
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.1 12 63 5.8 +2.4
EFA iShares MSCI EAFE ETF 0.1 35 40 6.3 +2.9
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.1 30 45 6.7 +3.3
IEFA iShares Core MSCI EAFE ETF 0.1 7 68 6.7 +3.2
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 71 6.7 +3.2
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 72 6.6 +3.2
DEM WisdomTree Emerging Markets High Dividend Fund 0.0 63 12 12.6 +9.1
AVDE Avantis International Equity ETF 0.0 23 52 7.0 +3.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 66 5.1 +1.6
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 45 5.8 +2.3
URTH iShares MSCI World ETF 0.0 24 51 5.0 +1.5
TOK iShares MSCI Kokusai ETF 0.0 26 49 5.0 +1.5
VYMI Vanguard International High Dividend Yield ETF 0.0 17 58 9.0 +5.5
AVSD Avantis Responsible International Equity ETF 0.0 23 52 5.0 +1.6

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
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
  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 9.9 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 3.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.40 CATEGORY
AVERAGE		 1.54
 
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.