Global X MSCI China Health Care ETF
ALTAR
Score™
3.4% info Recommen-
dation
AVOID
2022E    2023E
P/E
ratio
28.3x P/Sales
ratio
1.1x
P/BV
ratio
2.5x Div.
yield
1.2%


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

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Global X
Website www.globalxfunds.com
Inception date Dec 07, 2018
Assets (mns) $8
Currency USD
Expense ratio 65 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 82
Wgt avg mkt cap (mns) $15,497
Large cap (>$10bn) 54.0%
Mid cap ($2-10bn) 42.2%
Small cap (<$2bn) 3.2%
Developed mkts 43.5%
Emerging mkts 56.5%

TOP TEN HOLDINGS
WUXI BIOLOGICS (CAYMAN) INC. 11.4 %
CHINA PHARMACEUTICAL GROUP 8.0 %
BEIGENE LTD. SPONSORED ADR 6.3 %
SINO BIOPHARMACEUTICAL 5.0 %
INNOVENT BIOLOGICS, INC. 3.8 %
GENSCRIPT BIOTECH CORPORATION 3.7 %
WUXI APPTEC CO., LTD. CLASS H 3.4 %
SINOPHARM GROUP CO-H 2.9 %
ZAI LAB LTD. UNSPONSORED ADR 2.8 %
SHANDONG WEIGAO GP MEDICAL-H 2.8 %
Total 50.0 %

TOP COUNTRY EXPOSURE
CHINA 82.0 %
HONG KONG 16.0 %
UNITED STATES 1.9 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-27.1% -39.9% -- -- 4.5%

Market Correlations
versus... Beta R-squared
S&P500 0.23 3%
MSCI EAFE 0.30 4%
MSCI Emg. Mkts. 0.73 25%

Technical Indicators
Recent close $13.28
30d moving avg. $14.61
Annualized volatility 28.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 29

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.7%
Bid/Ask (% of price) 1.59%
ADV underlying (mns) $4,727

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 180 potential alternatives to the Global X MSCI China Health Care ETF ETF based on the alternatives' overlap in portfolio holdings with CHIH. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CHIH Expense: 65 bp ALTAR Score™: 3.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CHIH
Ticker Fund
Name
Overlap1
vs CHIH
(%)
Expense
ratio
(bp)
Savings
vs CHIH
(bp)
ALTAR
Score™
(%)
ALTAR
vs CHIH
(%)
KURE KraneShares MSCI All China Health Care Index ETF 65.9 65 0 3.5 +0.1
CHNA Loncar China BioPharma ETF 33.2 79 -14 1.5 -1.9
CHB Global X MSCI China Biotech Innovation ETF 31.1 67 -2 3.2 -0.2
KMED KraneShares Emerging Markets Healthcare Index ETF 25.6 79 -14 2.9 -0.5
KEJI Global X China Innovation ETF 13.2 75 -10 4.3 +0.9
KESG KraneShares MSCI China ESG Leaders Index ETF 12.4 59 6 11.9 +8.5
CNXT VanEck ChiNext ETF 10.5 65 0 3.0 -0.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 9.7 32 33 7.4 +4.0
KBA KraneShares Bosera MSCI China A Share ETF 9.1 56 9 9.1 +5.6
ASHX Xtrackers MSCI China A Inclusion Equity ETF 8.5 60 5 8.4 +4.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 8.3 61 4 12.6 +9.2
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 7.9 65 0 8.7 +5.3
CNYA iShares MSCI China A ETF 7.6 60 5 8.6 +5.2
KALL KraneShares MSCI All China Index ETF 6.5 49 16 12.2 +8.8
AFTY Pacer CSOP FTSE China A50 ETF 6.5 70 -5 9.6 +6.2
MSGR Direxion mRNA ETF 6.3 65 0 -2.7 -6.1
MCHI iShares MSCI China ETF 6.2 59 6 10.8 +7.4
BBP BioShares Biotechnology Products Fund 5.9 79 -14 -3.2 -6.6
BKES BNY Mellon Sustainable Global Emerging Markets ETF 5.8 11 54 5.4 +2.0
FLCH Franklin FTSE China ETF 5.5 19 46 11.5 +8.0
CNCR Loncar Cancer Immunotherapy ETF 5.4 79 -14 -7.9 -11.4
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 5.0 65 0 7.1 +3.7
GXC SPDR S&P China ETF 4.8 59 6 11.6 +8.2
FXI iShares China Large-Cap ETF 4.4 74 -9 12.6 +9.2
MCH Matthews China Active ETF 4.4 79 -14 7.8 +4.4
MINV Matthews Asia Innovators Active ETF 4.0 79 -14 4.4 +1.0
MOTI VanEck Morningstar International Moat ETF 4.0 57 8 11.1 +7.7
BBH VanEck Biotech ETF 3.9 35 30 5.8 +2.4
IPOS Renaissance International IPO ETF 3.9 80 -15 -4.1 -7.5
BKF iShares MSCI BRIC ETF 3.8 70 -5 9.2 +5.8
GNOM Global X Genomics & Biotechnology ETF 3.7 50 15 -8.2 -11.6
ESGE iShares ESG Aware MSCI EM ETF 3.5 25 40 10.2 +6.8
EMXF iShares ESG Advanced MSCI EM ETF 3.5 16 49 9.9 +6.5
IBBJ Defiance Nasdaq Junior Biotechnology ETF 3.4 45 20 0.0 -3.4
LDEM iShares ESG MSCI EM Leaders ETF 3.1 16 49 9.3 +5.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 3.1 25 40 8.8 +5.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.8 32 33 10.9 +7.5
GERM ETFMG Treatments Testing and Advancements ETF 2.8 68 -3 -15.6 -19.1
CN Xtrackers MSCI All China Equity ETF 2.8 50 15 11.2 +7.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.6 45 20 10.9 +7.5
EEMA iShares MSCI Emerging Markets Asia ETF 2.5 50 15 9.2 +5.8
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 2.5 45 20 16.8 +13.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 2.5 20 45 9.3 +5.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.5 32 33 8.3 +4.8
AGNG Global X Aging Population ETF 2.4 50 15 4.3 +0.9
IBB iShares NASDAQ Biotechnology ETF 2.3 45 20 -0.3 -3.7
CGXU Capital Group International Focus Equity ETF 2.3 54 11 5.8 +2.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 2.2 70 -5 8.7 +5.2
NUEM Nuveen ESG Emerging Markets Equity ETF 2.2 35 30 9.6 +6.2
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.2 78 -13 12.4 +9.0
SBIO ALPS Medical Breakthroughs ETF 2.1 50 15 -4.6 -8.0
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 2.1 18 47 10.1 +6.7
RESE WisdomTree Emerging Markets ESG Fund 2.0 32 33 9.7 +6.3
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF 2.0 44 21 11.5 +8.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 2.0 66 -1 8.3 +4.9
FLAX Franklin FTSE Asia Ex Japan ETF 1.9 19 46 9.5 +6.1
EEM iShares MSCI Emerging Markets ETF 1.9 68 -3 9.2 +5.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.9 30 35 9.7 +6.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.9 30 35 10.7 +7.3
FNI First Trust Chindia ETF 1.9 59 6 1.2 -2.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.8 15 50 10.3 +6.9
MDEV First Trust Indxx Medical Devices ETF 1.8 70 -5 4.3 +0.9
GMF SPDR S&P Emerging Asia Pacific ETF 1.8 49 16 8.9 +5.5
AVES Avantis Emerging Markets Value ETF 1.7 36 29 16.7 +13.3
IEMG iShares Core MSCI Emerging Markets ETF 1.7 9 56 9.6 +6.2
VWO Vanguard FTSE Emerging Markets ETF 1.6 8 57 9.4 +6.0
PBEE Invesco PureBeta FTSE Emerging Markets ETF 1.6 16 49 9.2 +5.8
XT iShares Exponential Technologies ETF 1.6 46 19 4.9 +1.5
DFAE Dimensional Emerging Core Equity Market ETF 1.6 35 30 10.8 +7.3
RAYE Rayliant Quantamental Emerging Market Equity ETF 1.6 80 -15 14.1 +10.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.6 39 26 11.7 +8.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.6 36 29 9.3 +5.8
REMG SPDR Bloomberg SASB Emerging Markets ESG Select ETF 1.6 16 49 10.6 +7.2
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 1.6 19 46 7.5 +4.1
DEHP Dimensional Emerging Markets High Profitability ETF 1.5 41 24 10.6 +7.2
KFYP KraneShares CICC China Leaders 100 Index ETF 1.5 70 -5 16.8 +13.4
PGJ Invesco Golden Dragon China ETF 1.5 69 -4 1.9 -1.5
IBBQ Invesco Nasdaq Biotechnology ETF 1.5 19 46 -0.5 -3.9
EMGF iShares MSCI Emerging Markets Multifactor ETF 1.5 45 20 13.4 +10.0
JIG JPMorgan International Growth ETF 1.4 55 10 5.1 +1.7
JHEM John Hancock Multifactor Emerging Markets ETF 1.4 49 16 10.6 +7.2
SPEM SPDR Portfolio Emerging Markets ETF 1.4 11 54 9.5 +6.1
AVEM Avantis Emerging Markets Equity ETF 1.4 33 32 12.1 +8.7
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.4 70 -5 19.4 +16.0
SCHE Schwab Emerging Markets Equity ETF 1.4 11 54 9.1 +5.7
FCA First Trust China AlphaDEX Fund 1.3 80 -15 27.4 +24.0
JEMA JPMorgan Emerging Markets Equity Core ETF 1.3 39 26 9.6 +6.2
RAYC Rayliant Quantamental China Equity ETF 1.3 80 -15 10.8 +7.4
AIA iShares Asia 50 ETF 1.2 50 15 11.4 +8.0
BICK First Trust BICK Index Fund 1.2 64 1 6.0 +2.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.9 95 -30 17.1 +13.6
EDIV SPDR S&P Emerging Markets Dividend ETF 0.9 49 16 21.8 +18.4
BMED BlackRock Future Health ETF 0.9 85 -20 2.3 -1.1
ERSX ERShares NextGen Entrepreneurs ETF 0.9 75 -10 7.5 +4.1
VIDI Vident International Equity Fund 0.8 61 4 14.5 +11.1
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 0.8 50 15 17.0 +13.6
ISEM Invesco RAFI Strategic Emerging Markets ETF 0.8 35 30 15.4 +11.9
ANEW ProShares MSCI Transformational Changes ETF 0.8 45 20 4.9 +1.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.7 59 6 13.0 +9.6
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.7 15 50 4.8 +1.4
EYLD Cambria Emerging Shareholder Yield ETF 0.7 65 0 16.8 +13.4
GLCN VanEck China Growth Leaders ETF 0.7 60 5 10.4 +7.0
ROAM Hartford Multifactor Emerging Markets ETF 0.7 44 21 14.3 +10.9
APXH Apex Healthcare ETF 0.7 90 -25 9.8 +6.3
BKEM BNY Mellon Emerging Markets Equity ETF 0.7 11 54 9.7 +6.3
DFEV Dimensional Emerging Markets Value ETF 0.7 43 22 15.8 +12.4
KSTR KraneShares SSE STAR Market 50 Index ETF 0.6 88 -23 3.1 -0.3
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 0.6 30 35 8.1 +4.7
DWX SPDR S&P International Dividend ETF 0.6 45 20 10.2 +6.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.6 32 33 8.7 +5.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.6 41 24 8.0 +4.6
VSGX Vanguard ESG International Stock ETF 0.5 12 53 8.6 +5.2
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.5 20 45 5.9 +2.5
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 35 8.6 +5.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.5 47 18 13.3 +9.9
IXUS ishares Core MSCI Total International Stock ETF 0.5 7 58 8.7 +5.3
FEM First Trust Emerging Markets AlphaDEX Fund 0.5 80 -15 20.6 +17.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.5 31 34 10.5 +7.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 7 58 9.0 +5.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.5 39 26 15.4 +12.0
PIE Invesco DWA Emerging Markets Momentum ETF 0.5 90 -25 10.3 +6.9
QINT American Century Quality Diversified International ETF 0.5 39 26 11.0 +7.5
IGRO iShares International Dividend Growth ETF 0.5 15 50 9.5 +6.1
UMMA Wahed Dow Jones Islamic World ETF 0.5 65 0 6.5 +3.1
VXUS Vanguard Total International Stock ETF 0.4 7 58 8.9 +5.5
IXJ iShares Global Healthcare ETF 0.4 43 22 7.5 +4.1
PXH Invesco FTSE RAFI Emerging Markets ETF 0.4 50 15 13.9 +10.5
HART IQ Healthy Hearts ETF 0.4 45 20 6.2 +2.8
SDG iShares Sustainable MSCI Global Impact ETF 0.4 49 16 9.3 +5.9
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.4 45 20 6.0 +2.5
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -24 7.1 +3.6
ACWF iShares MSCI Global Multifactor ETF 0.3 35 30 10.8 +7.4
ACWV iShares MSCI Global Min Vol Factor ETF 0.3 20 45 7.1 +3.7
FPX First Trust US IPO Index Fund 0.3 57 8 3.2 -0.3
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 0.3 80 -15 24.6 +21.2
FTQI First Trust Nasdaq BuyWrite Income ETF 0.3 85 -20 4.6 +1.2
FDWM Fidelity Women's Leadership ETF 0.3 59 6 7.0 +3.6
FLHK Franklin FTSE Hong Kong ETF 0.3 9 56 8.2 +4.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.3 49 16 11.8 +8.4
VIGI Vanguard International Dividend Appreciation ETF 0.2 15 50 6.9 +3.5
DIM WisdomTree International MidCap Dividend Fund 0.2 58 7 10.2 +6.8
EEMO Invesco S&P Emerging Markets Momentum ETF 0.2 31 34 9.1 +5.7
IPO Renaissance IPO ETF 0.2 60 5 -3.5 -6.9
ACWI iShares MSCI ACWI ETF 0.2 32 33 7.2 +3.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 58 7 8.6 +5.1
BKIE BNY Mellon International Equity ETF 0.2 4 61 8.8 +5.4
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.2 20 45 13.3 +9.9
VT Vanguard Total World Stock ETF 0.2 7 58 7.4 +4.0
EMMF WisdomTree Emerging Markets Multifactor Fund 0.2 48 17 15.0 +11.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 53 6.9 +3.4
IQDF FlexShares International Quality Dividend Index Fund 0.2 47 18 12.5 +9.1
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 7 11.2 +7.8
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Eq 0.1 38 27 10.7 +7.2
IQSI IQ Candriam ESG International Equity ETF 0.1 15 50 8.3 +4.9
ENTR Entrepreneur 30 Fund 0.1 49 16 4.1 +0.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 45 7.5 +4.0
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 0.1 50 15 3.8 +0.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 45 8.5 +5.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 56 7.0 +3.6
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.1 21 44 4.7 +1.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 26 9.1 +5.7
VYMI Vanguard International High Dividend Yield ETF 0.1 22 43 12.5 +9.0
DWM WisdomTree International Equity Fund 0.1 48 17 9.9 +6.5
TCHI iShares MSCI China Multisector Tech ETF 0.1 59 6 4.8 +1.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.1 40 25 9.4 +6.0
DEM WisdomTree Emerging Markets High Dividend Fund 0.0 63 2 19.0 +15.5
RNDM First Trust Developed International Equity Select ETF 0.0 65 0 8.1 +4.6
DEW WisdomTree Global High Dividend Fund 0.0 58 7 10.3 +6.9
KOMP SPDR Kensho New Economies Composite ETF 0.0 20 45 1.0 -2.5
VDNI V-Shares US Leadership Diversity ETF 0.0 29 36 7.4 +4.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 7 58 7.2 +3.8
VPL Vanguard FTSE Pacific ETF 0.0 8 57 8.5 +5.1
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 4 61 8.3 +4.9
ECNS iShares MSCI China Small-Cap ETF 0.0 59 6 14.8 +11.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.0 68 -3 7.8 +4.4
BBC Virtus LifeSci Biotech Clinical Trials ETF 0.0 79 -14 0.0 -3.4
HKND Humankind US Stock ETF 0.0 11 54 8.5 +5.1
SCHF Schwab International Equity ETF 0.0 6 59 9.0 +5.6
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 0.0 7 58 8.8 +5.4
VEA Vanguard FTSE Developed Markets ETF 0.0 5 60 8.7 +5.3

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

  2017 2018 2019 2020 2021 2022E 2023E
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
  2021 2022E 2023E
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 MSCI China Health Care 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 9.5 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 3.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.21 CATEGORY
AVERAGE
1.39
 
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.