Global X China Energy ETF
ALTAR
Score™
11.1% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
8.5x P/Sales
ratio
0.5x
P/BV
ratio
0.6x Div.
yield
4.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X MSCI China Energy ETF seeks to invest in large-, mid- and small-capitalization segments of the MSCI China IMI Index that are classified in the Energy 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 16, 2009
Assets (mns) $2
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 No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 29
Wgt avg mkt cap (mns) $20,347
Large cap (>$10bn) 42.3%
Mid cap ($2-10bn) 37.3%
Small cap (<$2bn) 20.4%
Developed mkts 15.0%
Emerging mkts 85.0%

TOP TEN HOLDINGS
CHINA SHENHUA ENERGY CO - H 10.3 %
CHINA PETROLEUM & CHEMICAL-H 9.2 %
PETROCHINA CO LTD-H 8.4 %
CNOOC LTD 7.9 %
YANZHOU COAL MINING CO-H 5.0 %
CHINA SHIPPING DEVELOPMENT-H 3.5 %
SHAANXI COAL INDUSTRY CO., LTD. CL 3.5 %
SINOPEC KANTONS HOLDINGS 3.3 %
CHINA MERCHANTS ENERGY -A 3.2 %
CHINA SHIPPING DEVELOPMENT-A 3.1 %
Total 57.4 %

TOP COUNTRY EXPOSURE
CHINA 83.4 %
HONG KONG 11.2 %









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.
-26.6% -25.2% -8.7% -2.6% -3.6%

Market Correlations
versus... Beta R-squared
S&P500 0.67 38%
MSCI EAFE 0.81 47%
MSCI Emg. Mkts. 0.68 50%

Technical Indicators
Recent close $8.14
30d moving avg. $8.07
Annualized volatility 18.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.5%
Bid/Ask (% of price) 1.37%
ADV underlying (mns) $687

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: CHIE Expense: 66 bp ALTAR Score™: 11.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CHIE
Ticker Fund
Name
Overlap1
vs CHIE
(%)
Expense
ratio
(bp)
Savings
vs CHIE
(bp)
ALTAR
Score™
(%)
ALTAR
vs CHIE
(%)
KOL VanEck Vectors Coal ETF 15.9 60 6 18.7 +7.6
ISEM Invesco Strategic Emerging Markets ETF 12.9 35 31 10.3 -0.7
FCA First Trust China AlphaDEX Fund 11.1 80 -14 15.0 +3.9
GRES IQ Global Resources ETF 9.6 77 -11 7.3 -3.8
FXI iShares China Large-Cap ETF 7.9 74 -8 13.5 +2.4
AXJL WisdomTree Asia Pacific ex-Japan Fund 5.0 48 18 10.0 -1.1
EEMD AAM S&P Emerging Markets High Dividend Value ETF 4.6 50 16 20.8 +9.7
DEM WisdomTree Emerging Markets High Dividend Fund 4.5 63 3 14.2 +3.1
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 4.4 51 15 13.4 +2.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 4.4 39 27 13.1 +2.0
FEM First Trust Emerging Markets AlphaDEX Fund 4.1 80 -14 11.8 +0.7
EMIF iShares Emerging Markets Infrastructure ETF 3.9 75 -9 7.8 -3.3
PXH Invesco FTSE RAFI Emerging Markets ETF 3.7 50 16 13.7 +2.6
CHIL Global X MSCI China Large-Cap 50 ETF 2.9 29 37 9.5 -1.6
EYLD Cambria Emerging Shareholder Yield ETF 2.9 66 0 16.6 +5.5
FILL iShares MSCI Global Energy Producers ETF 2.7 39 27 5.9 -5.2
EDIV SPDR S&P Emerging Markets Dividend ETF 2.7 49 17 11.5 +0.4
MCHI iShares MSCI China ETF 2.6 59 7 9.1 -2.0
FLCH Franklin FTSE China ETF 2.5 19 47 9.2 -1.9
GXC SPDR S&P China ETF 2.5 59 7 8.9 -2.2
KALL KraneShares FTSE Emerging Markets Plus ETF 2.3 49 17 9.2 -1.9
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.2 70 -4 13.0 +1.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.1 45 21 9.0 -2.1
IXC iShares Global Energy ETF 2.1 46 20 5.3 -5.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.8 47 19 13.5 +2.4
WCHN WisdomTree ICBCCS S&P China 500 Fund 1.8 55 11 9.2 -1.9
BKF iShares MSCI BRIC ETF 1.8 69 -3 8.5 -2.6
SDEM Global X SuperDividend Emerging Markets ETF 1.8 67 -1 22.6 +11.5
AIA iShares Asia 50 ETF 1.6 50 16 8.9 -2.2
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 1.6 80 -14 19.4 +8.3
CN Xtrackers MSCI All China Equity ETF 1.6 50 16 9.4 -1.7
JHEM John Hancock Multifactor Emerging Markets ETF 1.5 55 11 8.8 -2.3
RNEM Emerging Markets Equity Select ETF 1.5 75 -9 10.4 -0.7
ASHX Xtrackers MSCI China A Inclusion Equity ETF 1.5 60 6 8.0 -3.1
KBA KraneShares Bosera MSCI China A Share ETF 1.4 60 6 8.1 -3.0
CNYA iShares MSCI China A ETF 1.4 65 1 8.0 -3.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.4 40 26 7.9 -3.2
EEMA iShares MSCI Emerging Markets Asia ETF 1.4 50 16 8.4 -2.7
ECNS iShares MSCI China Small-Cap ETF 1.4 59 7 11.9 +0.8
GMF SPDR S&P Emerging Asia Pacific ETF 1.3 49 17 8.0 -3.1
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 1.3 65 1 4.7 -6.4
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 1.3 20 46 10.9 -0.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.3 32 34 9.5 -1.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.3 29 37 9.9 -1.2
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 1.3 25 41 8.4 -2.7
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 1.2 50 16 9.9 -1.2
DTH WisdomTree DEFA Equity Income Fund 1.2 58 8 9.6 -1.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.2 49 17 9.0 -2.1
IQDE FlexShares International Quality Dividend Defensive Index Fd 1.2 47 19 12.7 +1.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.2 59 7 11.1 -0.0
EMMF WisdomTree Emerging Markets Multifactor Fund 1.1 48 18 9.9 -1.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.1 68 -2 8.0 -3.1
PBEE Invesco PureBeta FTSE Emerging Markets ETF 1.1 14 52 9.5 -1.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.1 30 36 9.4 -1.7
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 1.1 65 1 8.6 -2.5
DOO WisdomTree International Dividend ex-Financials Fund 1.1 58 8 8.7 -2.4
SCHE Schwab Emerging Markets Equity ETF 1.1 13 53 8.7 -2.4
FLAX Franklin FTSE Asia Ex Japan ETF 1.1 19 47 8.5 -2.6
SPEM SPDR Portfolio Emerging Markets ETF 1.1 11 55 8.6 -2.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.0 45 21 8.7 -2.4
DVYE iShares Emerging Markets Dividend ETF 1.0 49 17 13.0 +1.9
DGT SPDR Global Dow ETF 1.0 50 16 6.8 -4.3
EEM iShares MSCI Emerging Markets ETF 1.0 68 -2 8.3 -2.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.0 65 1 8.4 -2.7
VWO Vanguard FTSE Emerging Markets ETF 1.0 10 56 8.8 -2.3
IEMG iShares Core MSCI Emerging Markets ETF 0.9 14 52 8.7 -2.4
GUNR Flexshares Morningstar Global Upstream Natural Resources 0.9 46 20 5.9 -5.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.9 95 -29 10.1 -1.0
BICK First Trust BICK Index Fund 0.9 64 2 4.4 -6.7
HAP VanEck Vectors Natural Resources ETF 0.9 50 16 6.2 -4.9
DOL WisdomTree International LargeCap Dividend Fund 0.9 48 18 8.5 -2.6
FTRI First Trust Indxx Global Natural Resources Income ETF 0.8 70 -4 11.0 -0.1
IQDF FlexShares International Quality Dividend Index Fund 0.8 47 19 12.9 +1.9
AFTY Pacer CSOP FTSE China A50 ETF 0.8 70 -4 10.5 -0.6
ROAM Hartford Multifactor Emerging Markets ETF 0.7 44 22 14.8 +3.8
DEW WisdomTree Global High Dividend Fund 0.7 58 8 9.0 -2.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.6 35 31 8.6 -2.5
GNR SPDR S&P Global Natural Resources ETF 0.6 40 26 6.4 -4.7
RBIN Nationwide Risk-Based International Equity ETF 0.6 42 24 6.5 -4.6
DWM WisdomTree International Equity Fund 0.6 48 18 8.2 -2.9
VYMI Vanguard International High Dividend Yield ETF 0.5 32 34 10.1 -1.0
VIDI Vident International Equity Fund 0.5 59 7 11.3 +0.3
FDEM Fidelity Targeted Emerging Markets Factor ETF 0.5 45 21 9.7 -1.4
KFYP KraneShares CICC China Leaders 100 Index ETF 0.5 70 -4 14.5 +3.4
ACWF iShares FactorSelect MSCI Global ETF 0.5 35 31 8.1 -3.0
PEK VanEck Vectors ChinaAMC CSI 300 ETF 0.3 60 6 8.1 -3.0
CWI SPDR MSCI ACWI ex-US ETF 0.3 30 36 7.6 -3.5
VGFO Virtus WMC Global Factor Opportunities ETF 0.3 49 17 6.1 -5.0
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 0.3 45 21 13.5 +2.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 32 34 7.5 -3.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 40 26 7.4 -3.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.3 20 46 7.6 -3.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 8 58 7.7 -3.4
IXUS ishares Core MSCI Total International Stock ETF 0.2 9 57 7.6 -3.5
VXUS Vanguard Total International Stock Index Fund 0.2 8 58 7.7 -3.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 1 6.9 -4.2
OBOR KraneShares MSCI One Belt One Road Index ETF 0.2 79 -13 9.7 -1.4
AVEM Avantis Emerging Markets Equity ETF 0.2 33 33 9.5 -1.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 63 3 13.2 +2.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 69 -3 7.5 -3.6

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

  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 China Energy ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 6.8 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 11.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 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.