Global X Nasdaq China Technology ETF
ALTAR
Score™
5.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
28.7x P/Sales
ratio
1.6x
P/BV
ratio
1.7x Div.
yield
1.4%


  • 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) $17
Currency USD
Expense ratio 66 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 37
Wgt avg mkt cap (mns) $100,984
Large cap (>$10bn) 57.5%
Mid cap ($2-10bn) 35.5%
Small cap (<$2bn) 0.0%
Developed mkts 20.0%
Emerging mkts 80.0%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 10.7 %
BAIDU INC - SPON ADR 9.2 %
NETEASE.COM INC-ADR 9.1 %
CHINA MOBILE LIMITED 7.5 %
AUTOHOME, INC. SPONSORED ADR CLASS 3.7 %
BILIBILI, INC. SPONSORED ADR CLASS 3.5 %
FOCUS MEDIA INFORMATION TECHNOLOGY 3.3 %
YY INC-ADR 3.2 %
SINA CORP 2.8 %
IQIYI, INC. SPONSORED ADR CLASS A 2.6 %
Total 55.6 %

TOP COUNTRY EXPOSURE
CHINA 88.5 %
HONG KONG 11.5 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
101.0% -- 6.5% -- 9.9%

Market Correlations
versus... Beta R-squared
S&P500 0.72 33%
MSCI EAFE 0.65 29%
MSCI Emg. Mkts. 0.83 54%

Technical Indicators
Recent close $26.37
30d moving avg. $26.68
Annualized volatility 21.3%
Short interest (ETF) 1.4%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.5%
Bid/Ask (% of price) 1.16%
ADV underlying (mns) $4,032

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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: 66 bp ALTAR Score™: 5.6%


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 30.3 70 -4 5.8 +0.2
KWEB KraneShares CSI China Internet ETF 30.2 76 -10 2.8 -2.8
PGJ Invesco Golden Dragon China ETF 29.0 70 -4 4.5 -1.1
EWEB Global X Emerging Markets Internet & E-commerce ETF 23.0 65 1 2.9 -2.6
SOCL Global X Social Media ETF 22.9 65 1 2.1 -3.5
TTTN UP Fintech China-U.S. Internet Titans ETF 19.9 59 7 4.8 -0.8
ECON Columbia Emerging Markets Consumer ETF 19.8 59 7 5.3 -0.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 19.1 86 -20 2.6 -3.0
CXSE WisdomTree China ex-State-Owned Enterprises Fund 17.4 32 34 6.3 +0.7
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 16.6 25 41 3.2 -2.4
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 16.5 60 6 4.6 -1.0
MCHI iShares MSCI China ETF 16.5 59 7 7.8 +2.2
ESPO VanEck Vectors Video Gaming & eSports ETF 16.4 55 11 3.1 -2.5
FLCH Franklin FTSE China ETF 16.2 19 47 8.3 +2.7
GXC SPDR S&P China ETF 16.0 59 7 7.7 +2.1
CHIL Global X MSCI China Large-Cap 50 ETF 15.8 29 37 7.8 +2.2
FDNI First Trust Dow Jones International Internet ETF 15.7 65 1 2.4 -3.2
KALL KraneShares FTSE Emerging Markets Plus ETF 15.1 49 17 7.8 +2.2
BKF iShares MSCI BRIC ETF 14.6 69 -3 7.4 +1.8
FXI iShares China Large-Cap ETF 14.3 74 -8 12.7 +7.2
FNI First Trust Chindia ETF 14.0 60 6 3.1 -2.5
CN Xtrackers MSCI All China Equity ETF 13.5 50 16 8.0 +2.4
HERO Global X Video Games & Esports ETF 12.5 50 16 4.0 -1.6
AIA iShares Asia 50 ETF 12.0 50 16 7.3 +1.7
PEK VanEck Vectors ChinaAMC CSI 300 ETF 11.3 60 6 4.9 -0.7
EEMO Invesco S&P Emerging Markets Momentum ETF 10.9 29 37 4.2 -1.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 10.7 20 46 6.5 +0.9
GMF SPDR S&P Emerging Asia Pacific ETF 10.3 49 17 6.9 +1.3
IXP iShares Global Comm Services ETF 9.9 46 20 5.5 -0.1
PBEE Invesco PureBeta FTSE Emerging Markets ETF 9.9 15 51 8.4 +2.8
CCON Direxion Connected Consumer ETF 9.6 45 21 1.4 -4.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 9.4 95 -29 8.4 +2.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 9.3 68 -2 6.8 +1.2
EEMA iShares MSCI Emerging Markets Asia ETF 9.3 50 16 7.5 +1.9
GIGE SoFi Gig Economy ETF 9.2 59 7 -0.6 -6.1
SCHE Schwab Emerging Markets Equity ETF 9.1 11 55 7.6 +2.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 9.0 30 36 7.5 +1.9
BKEM BNY Mellon Emerging Markets Equity ETF 8.9 11 55 7.9 +2.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 8.9 40 26 7.0 +1.4
FLAX Franklin FTSE Asia Ex Japan ETF 8.8 19 47 7.4 +1.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 8.8 32 34 5.8 +0.2
IWFH iShares Virtual Work and Life Multisector ETF 8.4 47 19 0.8 -4.7
DVEM WisdomTree Emerging Markets Dividend Fund 8.3 32 34 7.1 +1.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 8.3 65 1 7.1 +1.6
EEM iShares MSCI Emerging Markets ETF 8.3 68 -2 7.1 +1.5
VWO Vanguard FTSE Emerging Markets ETF 8.1 10 56 7.7 +2.1
IRBO iShares Robotics & Artificial Intelligence ETF 8.1 47 19 2.4 -3.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 8.1 45 21 7.3 +1.7
KESG KraneShares MSCI China ESG Leaders Index ETF 8.0 59 7 9.7 +4.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 7.9 36 30 7.9 +2.3
SPEM SPDR Portfolio Emerging Markets ETF 7.9 11 55 7.4 +1.9
ESGE iShares ESG Aware MSCI EM ETF 7.8 25 41 8.2 +2.6
XITK SPDR FactSet Innovative Technology ETF 7.8 45 21 0.5 -5.1
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 7.5 45 21 8.9 +3.3
IEMG iShares Core MSCI Emerging Markets ETF 7.4 13 53 7.6 +2.0
OGIG O'Shares Global Internet Giants ETF 7.3 48 18 0.7 -4.9
JHEM John Hancock Multifactor Emerging Markets ETF 7.2 49 17 8.4 +2.8
NUEM Nuveen ESG Emerging Markets Equity ETF 7.1 45 21 6.5 +0.9
GENY Principal Millennials Index ETF 7.1 45 21 3.6 -2.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 6.7 32 34 8.2 +2.6
AVEM Avantis Emerging Markets Equity ETF 5.9 33 33 8.2 +2.6
FDEM Fidelity Targeted Emerging Markets Factor ETF 5.8 45 21 8.3 +2.7
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF 5.8 65 1 3.2 -2.3
EMMF WisdomTree Emerging Markets Multifactor Fund 5.5 48 18 9.5 +3.9
VIGI Vanguard International Dividend Appreciation ETF 5.4 20 46 5.2 -0.3
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 5.4 18 48 5.0 -0.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 5.2 49 17 8.7 +3.1
LDEM iShares ESG MSCI EM Leaders ETF 5.1 16 50 7.5 +2.0
PXH Invesco FTSE RAFI Emerging Markets ETF 5.1 50 16 12.7 +7.2
ISEM Invesco Strategic Emerging Markets ETF 5.1 35 31 10.3 +4.7
JIG JPMorgan International Growth ETF 5.0 55 11 2.9 -2.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 4.9 39 27 12.3 +6.7
WUGI Esoterica NextG Economy ETF 4.8 75 -9 1.3 -4.3
MOTI VanEck Vectors Morningstar International Moat ETF 4.8 57 9 9.2 +3.7
GAMR ETFMG Video Game Tech ETF 4.8 75 -9 2.3 -3.3
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 4.7 57 9 4.6 -1.0
JOYY Infusive Compounding Global Equities ETF 4.6 50 16 3.6 -1.9
ECOW Pacer Emerging Markets Cash Cows 100 ETF 4.5 74 -8 12.7 +7.1
FCA First Trust China AlphaDEX Fund 4.4 80 -14 14.3 +8.7
KFYP KraneShares CICC China Leaders 100 Index ETF 4.4 70 -4 12.9 +7.3
DEM WisdomTree Emerging Markets High Dividend Fund 4.4 63 3 13.4 +7.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 4.3 30 36 8.4 +2.8
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 4.3 56 10 6.2 +0.7
LOUP Innovator Loup Frontier Tech ETF 4.1 70 -4 2.4 -3.2
BLCN Reality Shares Nasdaq NextGen Economy ETF 4.1 68 -2 5.2 -0.4
PNQI Invesco NASDAQ Internet ETF 4.1 60 6 1.2 -4.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 4.1 59 7 10.3 +4.7
BICK First Trust BICK Index Fund 4.0 64 2 4.3 -1.3
ANEW ProShares MSCI Transformational Changes ETF 3.9 45 21 3.1 -2.5
EDIV SPDR S&P Emerging Markets Dividend ETF 3.9 49 17 11.3 +5.7
PIE Invesco DWA Emerging Markets Momentum ETF 3.7 90 -24 4.8 -0.8
AIQ Global X Future Analytics Tech ETF 3.7 68 -2 3.8 -1.8
XBUY Amplify International Online Retail ETF 3.4 69 -3 0.5 -5.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 3.4 16 50 6.5 +0.9
EBIZ Global X E-Commerce ETF 3.4 50 16 2.7 -2.9
THNQ ROBO Global Artificial Intelligence ETF 3.2 68 -2 1.5 -4.1
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.2 61 5 8.3 +2.7
BLOK Amplify Transformational Data Sharing ETF 3.2 70 -4 5.3 -0.3

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

  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:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.0 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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