Global X Nasdaq China Technology ETF
ALTAR
Score™
4.4% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
28.2x P/Sales
ratio
1.8x
P/BV
ratio
1.7x Div.
yield
1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X MSCI China Communication Services ETF seeks to invest in large- and mid-capitalization segments of the MSCI China Index that are classified in the Communication Services Sector as per the Global Industry Classification System.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date Dec 09, 2009
Assets (mns) $18
Currency USD
Expense ratio 65 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Brown Brothers Harriman & Co
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 35
Wgt avg mkt cap (mns) $76,050
Large cap (>$10bn) 56.4%
Mid cap ($2-10bn) 42.5%
Small cap (<$2bn) 1.2%
Developed mkts 24.9%
Emerging mkts 75.1%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 10.2 %
NETEASE.COM INC-ADR 9.3 %
CHINA MOBILE LIMITED 8.3 %
BAIDU INC - SPON ADR 8.0 %
CHINA TOWER CORP. LTD. CLASS H 3.7 %
AUTOHOME, INC. SPONSORED ADR CLASS 3.3 %
58.COM INC. SPONSORED ADR CLASS A 3.0 %
YY INC-ADR 2.9 %
CHINA TELECOM CORP. LTD. CLASS H 2.8 %
WUHU SHUNRONG SANQI INTERACTIVE EN 2.5 %
Total 54.0 %

TOP COUNTRY EXPOSURE
CHINA 77.7 %
HONG KONG 12.5 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
73.6% -- -0.8% -- 8.3%

Market Correlations
versus... Beta R-squared
S&P500 0.89 35%
MSCI EAFE 1.15 47%
MSCI Emg. Mkts. 0.90 54%

Technical Indicators
Recent close $23.41
30d moving avg. $22.73
Annualized volatility 20.2%
Short interest (ETF) 0.8%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.3%
Bid/Ask (% of price) 1.26%
ADV underlying (mns) $2,890

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Global X Nasdaq China Technology ETF ETF based on the alternatives' overlap in portfolio holdings with CHIC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CHIC Expense: 65 bp ALTAR Score™: 4.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CHIC
Ticker Fund
Name
Overlap1
vs CHIC
(%)
Expense
ratio
(bp)
Savings
vs CHIC
(bp)
ALTAR
Score™
(%)
ALTAR
vs CHIC
(%)
CQQQ Invesco China Technology ETF 41.0 70 -5 4.3 -0.1
KWEB KraneShares CSI China Internet ETF 34.1 76 -11 3.4 -1.0
PGJ Invesco Golden Dragon China ETF 27.9 70 -5 3.4 -1.0
ECON Columbia Emerging Markets Consumer ETF 23.1 59 6 4.9 +0.5
TTTN UP Fintech China-U.S. Internet Titans ETF 21.2 59 6 5.0 +0.6
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 20.9 80 -15 1.7 -2.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 20.3 86 -21 2.3 -2.1
SOCL Global X Social Media ETF 19.7 65 0 2.3 -2.1
CHIL Global X MSCI China Large-Cap 50 ETF 18.8 29 36 9.5 +5.2
FDNI First Trust Dow Jones International Internet ETF 17.4 65 0 2.8 -1.6
FXI iShares China Large-Cap ETF 17.4 74 -9 13.5 +9.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 17.2 32 33 7.0 +2.6
MCHI iShares MSCI China ETF 17.2 59 6 9.1 +4.7
FLCH Franklin FTSE China ETF 17.0 19 46 9.2 +4.9
GXC SPDR S&P China ETF 16.5 59 6 8.9 +4.6
FNI First Trust Chindia ETF 16.4 59 6 3.4 -1.0
KALL KraneShares FTSE Emerging Markets Plus ETF 15.8 49 16 9.2 +4.8
BKF iShares MSCI BRIC ETF 14.9 69 -4 8.5 +4.1
CN Xtrackers MSCI All China Equity ETF 14.5 50 15 9.4 +5.0
WCHN WisdomTree ICBCCS S&P China 500 Fund 12.3 55 10 9.2 +4.8
AIA iShares Asia 50 ETF 12.3 50 15 8.9 +4.6
ESPO VanEck Vectors Video Gaming & eSports ETF 11.7 55 10 3.0 -1.4
GMF SPDR S&P Emerging Asia Pacific ETF 10.7 49 16 8.0 +3.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 10.6 32 33 6.8 +2.4
EEMA iShares MSCI Emerging Markets Asia ETF 10.4 50 15 8.4 +4.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 10.3 95 -30 10.1 +5.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 10.2 20 45 7.6 +3.3
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 10.0 25 40 2.3 -2.1
GIGE SoFi Gig Economy ETF 9.9 59 6 -0.6 -5.0
PBEE Invesco PureBeta FTSE Emerging Markets ETF 9.7 14 51 9.5 +5.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 9.6 30 35 8.8 +4.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 9.5 68 -3 8.0 +3.6
SCHE Schwab Emerging Markets Equity ETF 9.4 13 52 8.7 +4.3
FLAX Franklin FTSE Asia Ex Japan ETF 9.2 19 46 8.5 +4.1
HERO Global X Video Games & Esports ETF 9.2 50 15 3.1 -1.3
IXP iShares Global Comm Services ETF 9.0 46 19 5.8 +1.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 8.8 40 25 7.9 +3.5
EEM iShares MSCI Emerging Markets ETF 8.4 68 -3 8.3 +3.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 8.4 65 0 8.4 +4.0
VWO Vanguard FTSE Emerging Markets ETF 8.3 10 55 8.8 +4.4
PEK VanEck Vectors ChinaAMC CSI 300 ETF 8.2 60 5 8.1 +3.7
SPEM SPDR Portfolio Emerging Markets ETF 8.1 11 54 8.6 +4.2
JHEM John Hancock Multifactor Emerging Markets ETF 8.0 55 10 8.8 +4.4
DVEM WisdomTree Emerging Markets Dividend Fund 7.9 32 33 9.1 +4.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 7.8 45 20 8.7 +4.3
AXJL WisdomTree Asia Pacific ex-Japan Fund 7.8 48 17 10.0 +5.6
ESGE iShares ESG MSCI EM ETF 7.7 25 40 9.7 +5.3
IEMG iShares Core MSCI Emerging Markets ETF 7.6 14 51 8.7 +4.3
NUEM Nuveen ESG Emerging Markets Equity ETF 7.2 45 20 7.8 +3.4
JOYY Infusive Compounding Global Equities ETF 7.2 50 15 3.9 -0.5
IRBO iShares Robotics & Artificial Intelligence ETF 7.2 47 18 2.6 -1.8
GBUY Goldman Sachs Motif New Age Consumer ETF 6.8 50 15 2.1 -2.3
XITK SPDR FactSet Innovative Technology ETF 6.8 45 20 0.4 -4.0
EBIZ Global X E-Commerce ETF 6.7 50 15 3.0 -1.4
GENY Principal Millennials Index ETF 6.5 45 20 4.0 -0.4
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 6.4 18 47 6.1 +1.7
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 6.3 45 20 10.0 +5.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 6.2 32 33 9.5 +5.1
OGIG O'Shares Global Internet Giants ETF 6.2 48 17 0.5 -3.9
EMCG WisdomTree Emerging Markets Consumer Growth Fund 5.7 32 33 7.9 +3.5
PXH Invesco FTSE RAFI Emerging Markets ETF 5.6 50 15 13.7 +9.3
ISEM Invesco Strategic Emerging Markets ETF 5.6 35 30 10.3 +6.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 5.5 39 26 13.1 +8.7
PLAT WisdomTree Modern Tech Platforms Fund 5.2 45 20 1.3 -3.1
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 5.1 57 8 5.0 +0.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 5.0 30 35 9.4 +5.0
FCA First Trust China AlphaDEX Fund 5.0 80 -15 15.0 +10.6
DINT Davis Select International ETF 5.0 75 -10 5.8 +1.4
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF 4.9 65 0 4.2 -0.2
VIGI Vanguard International Dividend Appreciation ETF 4.9 25 40 5.9 +1.5
AVEM Avantis Emerging Markets Equity ETF 4.8 33 32 9.5 +5.1
RNEM Emerging Markets Equity Select ETF 4.6 75 -10 10.4 +6.0
PNQI Invesco NASDAQ Internet ETF 4.6 62 3 1.2 -3.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 4.4 59 6 11.1 +6.7
AIQ Global X Future Analytics Tech ETF 4.3 68 -3 4.2 -0.2
BICK First Trust BICK Index Fund 4.2 64 1 4.4 0.0
EMMF WisdomTree Emerging Markets Multifactor Fund 4.1 48 17 9.9 +5.5
BLCN Reality Shares Nasdaq NextGen Economy ETF 4.0 68 -3 4.4 -0.0
LOUP Innovator Loup Frontier Tech ETF 4.0 70 -5 3.1 -1.3
XBUY Amplify International Online Retail ETF 4.0 69 -4 -1.1 -5.5
BLOK Amplify Transformational Data Sharing ETF 3.8 70 -5 5.0 +0.6
IPOS Renaissance International IPO ETF 3.7 80 -15 5.0 +0.6
GAMR ETFMG Video Game Tech ETF 3.5 75 -10 3.5 -0.9
EKAR Innovation Shares NextGen Vehicles & Technology ETF 3.5 65 0 8.5 +4.1
GLIF AGFiQ Global Infrastructure ETF 3.3 45 20 5.1 +0.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.2 60 5 8.4 +4.0
EDIV SPDR S&P Emerging Markets Dividend ETF 3.1 49 16 11.5 +7.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 3.0 16 49 7.1 +2.7
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 3.0 25 40 8.4 +4.0
MOTO SmartETFs Smart Transportation & Technology ETF 2.9 68 -3 8.0 +3.6
DTH WisdomTree DEFA Equity Income Fund 2.9 58 7 9.6 +5.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.7 45 20 9.0 +4.6
PIE Invesco DWA Emerging Markets Momentum ETF 2.6 90 -25 5.7 +1.3
DEM WisdomTree Emerging Markets High Dividend Fund 2.6 63 2 14.2 +9.8
CWI SPDR MSCI ACWI ex-US ETF 2.5 30 35 7.6 +3.2
BUYZ Franklin Disruptive Commerce ETF 2.5 50 15 -0.1 -4.5
NXTG First Trust Indxx NextG ETF 2.5 70 -5 6.1 +1.7
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 2.5 64 1 5.3 +0.9
VSGX Vanguard ESG International Stock ETF 2.5 17 48 7.4 +3.0
DWLD Davis Select Worldwide ETF 2.4 64 1 6.6 +2.2

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%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Global X Nasdaq China Technology 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 8.4 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 4.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.34 CATEGORY
AVERAGE
1.45
 
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.