Global X MSCI China Health Care ETF
ALTAR
Score™		 2.3% info Recommen-
dation		 AVOID
2023E    2024E
P/E
ratio		 29.0x P/Sales
ratio		 1.1x
P/BV
ratio		 2.4x Div.
yield		 1.1%


  • 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 77
Wgt avg mkt cap (mns) $11,996
Large cap (>$10bn) 33.4%
Mid cap ($2-10bn) 62.8%
Small cap (<$2bn) 1.3%
Developed mkts 34.3%
Emerging mkts 65.7%

TOP TEN HOLDINGS
WUXI BIOLOGICS (CAYMAN) INC. 9.5 %
BEIGENE, LTD. 9.2 %
CHINA PHARMACEUTICAL GROUP 6.3 %
INNOVENT BIOLOGICS, INC. 5.5 %
WUXI APPTEC CO., LTD. CLASS H 3.8 %
SINO BIOPHARMACEUTICAL 3.8 %
LEGEND BIOTECH CORPORATION SPONSOR 3.8 %
SINOPHARM GROUP CO-H 3.6 %
GENSCRIPT BIOTECH CORPORATION 2.9 %
SHENZHEN MINDRAY BIO-MEDICAL ELECT 2.8 %
Total 51.1 %

TOP COUNTRY EXPOSURE
CHINA 83.6 %
HONG KONG 12.3 %
UNITED STATES 3.8 %








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.
-16.1% -11.8% -- -- 0.8%

Market Correlations
versus... Beta R-squared
S&P500 0.34 4%
MSCI EAFE 0.62 15%
MSCI Emg. Mkts. 1.02 37%

Technical Indicators
Recent close $13.55
30d moving avg. $13.66
Annualized volatility 29.8%
Short interest (ETF) 1.6%
Relative strength (RSI) 43

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.8%
Bid/Ask (% of price) 1.48%
ADV underlying (mns) $1,884

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 162 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™: 2.3%


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 68.5 65 0 3.2 +0.9
CHNA Loncar China BioPharma ETF 28.6 79 -14 -7.5 -9.8
KMED KraneShares Emerging Markets Healthcare Index ETF 27.3 81 -16 3.2 +1.0
CHB Global X MSCI China Biotech Innovation ETF 24.7 65 0 3.6 +1.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 13.3 32 33 7.1 +4.9
KEJI Global X China Innovation ETF 12.0 75 -10 4.2 +1.9
KESG KraneShares MSCI China ESG Leaders Index ETF 9.1 59 6 12.3 +10.0
CNXT VanEck ChiNext ETF 8.7 65 0 4.7 +2.4
KBA KraneShares Bosera MSCI China A Share ETF 8.3 55 10 11.0 +8.7
CNYA iShares MSCI China A ETF 6.9 60 5 9.2 +6.9
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 6.9 65 0 9.5 +7.2
AFTY Pacer CSOP FTSE China A50 ETF 6.6 70 -5 10.5 +8.2
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 6.6 68 -3 10.2 +7.9
JCHI JPMorgan Active China ETF 5.9 65 0 9.7 +7.4
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 5.8 65 0 6.2 +3.9
KALL KraneShares MSCI All China Index ETF 5.4 49 16 11.5 +9.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 5.3 61 4 8.2 +6.0
MCHI iShares MSCI China ETF 5.2 58 7 11.2 +8.9
FLCH Franklin FTSE China ETF 5.0 19 46 11.3 +9.0
FCA First Trust China AlphaDEX Fund 4.8 80 -15 20.5 +18.2
RAYC Rayliant Quantamental China Equity ETF 4.7 80 -15 9.4 +7.2
MCH Matthews China Active ETF 4.6 79 -14 9.1 +6.9
GXC SPDR S&P China ETF 4.2 59 6 11.3 +9.0
BKES BNY Mellon Sustainable Global Emerging Markets ETF 4.2 75 -10 4.7 +2.4
IDNA iShares Genomics Immunology & Healthcare ETF 4.1 47 18 -9.8 -12.1
RAYE Rayliant Quantamental Emerging Market Equity ETF 4.1 80 -15 13.3 +11.0
MOTI VanEck Morningstar International Moat ETF 3.9 58 7 8.4 +6.1
MEDI Harbor Health Care ETF 3.8 80 -15 0.7 -1.6
KFYP KraneShares CICC China Leaders 100 Index ETF 3.5 69 -4 14.3 +12.0
EMMF WisdomTree Emerging Markets Multifactor Fund 3.4 48 17 9.0 +6.7
RESE WisdomTree Emerging Markets ESG Fund 3.4 32 33 8.5 +6.2
GLCN VanEck China Growth Leaders ETF 3.3 60 5 12.4 +10.1
BKF iShares MSCI BRIC ETF 2.9 70 -5 8.7 +6.4
GNOM Global X Genomics & Biotechnology ETF 2.9 50 15 -6.3 -8.6
FXI iShares China Large-Cap ETF 2.8 74 -9 14.3 +12.0
ESGE iShares ESG Aware MSCI EM ETF 2.7 25 40 8.6 +6.3
CN Xtrackers MSCI All China Equity ETF 2.5 50 15 11.5 +9.2
MINV Matthews Asia Innovators Active ETF 2.5 79 -14 0.8 -1.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.3 32 33 6.8 +4.6
ROAM Hartford Multifactor Emerging Markets ETF 2.3 44 21 12.9 +10.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.3 45 20 9.4 +7.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 2.3 25 40 7.5 +5.2
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 2.2 18 47 8.6 +6.3
EMXF iShares ESG Advanced MSCI EM ETF 2.2 16 49 8.7 +6.4
MDEV First Trust Indxx Medical Devices ETF 2.1 70 -5 3.9 +1.6
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.0 78 -13 10.3 +8.0
LDEM iShares ESG MSCI EM Leaders ETF 2.0 16 49 9.2 +6.9
NUEM Nuveen ESG Emerging Markets Equity ETF 2.0 36 29 7.7 +5.4
EEMA iShares MSCI Emerging Markets Asia ETF 2.0 49 16 7.8 +5.6
IPOS Renaissance International IPO ETF 1.9 80 -15 -77.3 -79.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.9 20 45 8.6 +6.3
BBP BioShares Biotechnology Products Fund 1.8 79 -14 -4.6 -6.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.8 47 18 12.1 +9.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.8 69 -4 7.5 +5.2
SAGP Strategas Global Policy Opportunities ETF 1.7 65 0 7.7 +5.4
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF 1.7 44 21 10.3 +8.0
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 1.7 45 20 13.5 +11.2
FLAX Franklin FTSE Asia Ex Japan ETF 1.7 19 46 8.1 +5.8
EEMD AAM S&P Emerging Markets High Dividend Value ETF 1.6 49 16 18.4 +16.1
RODE Hartford Multifactor Diversified International ETF 1.6 29 36 13.2 +10.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.6 66 -1 7.9 +5.6
EEM iShares MSCI Emerging Markets ETF 1.5 68 -3 8.0 +5.7
GMF SPDR S&P Emerging Asia Pacific ETF 1.5 49 16 7.6 +5.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.5 30 35 8.6 +6.3
VIDI Vident International Equity Fund 1.5 61 4 13.0 +10.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.4 15 50 9.5 +7.3
DEHP Dimensional Emerging Markets High Profitability ETF 1.4 41 24 7.8 +5.5
VWO Vanguard FTSE Emerging Markets ETF 1.4 8 57 8.3 +6.1
BMED BlackRock Future Health ETF 1.4 85 -20 2.1 -0.2
DFAE Dimensional Emerging Core Equity Market ETF 1.4 35 30 8.6 +6.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.4 41 24 8.7 +6.5
CNCR Loncar Cancer Immunotherapy ETF 1.3 79 -14 0.0 -2.3
IEMG iShares Core MSCI Emerging Markets ETF 1.3 9 56 8.2 +5.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.3 58 7 12.0 +9.7
AVES Avantis Emerging Markets Value ETF 1.3 36 29 14.6 +12.3
EMM Global X Emerging Markets ETF 1.3 75 -10 4.0 +1.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.3 38 27 9.1 +6.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.2 70 -5 12.4 +10.2
SCHE Schwab Emerging Markets Equity ETF 1.2 11 54 8.3 +6.0
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 1.2 19 46 6.9 +4.6
SPEM SPDR Portfolio Emerging Markets ETF 1.1 7 58 8.3 +6.0
AVEM Avantis Emerging Markets Equity ETF 1.1 33 32 9.6 +7.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.1 30 35 9.6 +7.4
XT iShares Exponential Technologies ETF 1.1 46 19 4.0 +1.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.1 36 29 8.2 +5.9
JEMA JPMorgan Emerging Markets Equity Core ETF 1.0 33 32 7.9 +5.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.0 51 14 11.5 +9.2
EYLD Cambria Emerging Shareholder Yield ETF 1.0 64 1 14.1 +11.8
BKEM BNY Mellon Emerging Markets Equity ETF 1.0 11 54 4.1 +1.8
FEM First Trust Emerging Markets AlphaDEX Fund 1.0 80 -15 15.8 +13.5
SENT AdvisorShares Alpha DNA Equity Sentiment ETF 0.9 101 -36 0.8 -1.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.9 95 -30 11.9 +9.6
AIA iShares Asia 50 ETF 0.9 50 15 9.5 +7.2
MEM Matthews Emerging Markets Equity Active ETF 0.9 79 -14 5.7 +3.4
JHEM John Hancock Multifactor Emerging Markets ETF 0.8 49 16 9.1 +6.9
IBB iShares NASDAQ Biotechnology ETF 0.8 45 20 0.7 -1.6
AGNG Global X Aging Population ETF 0.8 50 15 4.4 +2.2
CGXU Capital Group International Focus Equity ETF 0.7 54 11 5.0 +2.7
IQDE FlexShares International Quality Dividend Defensive Index ET 0.7 47 18 12.7 +10.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.6 59 6 5.2 +2.9
KSTR KraneShares SSE STAR Market 50 Index ETF 0.6 89 -24 2.3 +0.0
DFEV Dimensional Emerging Markets Value ETF 0.6 43 22 12.5 +10.2
JSTC Adasina Social Justice All Cap Global ETF 0.6 89 -24 5.7 +3.4
SDG iShares Sustainable MSCI Global Impact ETF 0.6 49 16 6.8 +4.5
EMGF iShares MSCI Emerging Markets Multifactor ETF 0.6 25 40 10.1 +7.8
PXH Invesco FTSE RAFI Emerging Markets ETF 0.5 50 15 14.1 +11.8
EEMO Invesco S&P Emerging Markets Momentum ETF 0.5 29 36 8.4 +6.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.5 40 25 9.1 +6.8
FPX First Trust US IPO Index Fund 0.5 61 4 0.6 -1.7
VSGX Vanguard ESG International Stock ETF 0.5 12 53 8.0 +5.7
INNO Harbor Disruptive Innovation ETF 0.5 75 -10 -3.6 -5.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 32 33 8.1 +5.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 24 7.9 +5.6
RNEM First Trust Emerging Markets Equity Select ETF 0.4 75 -10 8.3 +6.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 35 8.8 +6.5
IBBQ Invesco Nasdaq Biotechnology ETF 0.4 19 46 1.3 -1.0
KOCG FIS Knights of Columbus Global Belief ETF 0.4 75 -10 7.6 +5.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 8 57 8.2 +6.0
PIE Invesco DWA Emerging Markets Momentum ETF 0.4 90 -25 6.5 +4.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.4 39 26 13.4 +11.2
HART IQ Healthy Hearts ETF 0.4 45 20 6.5 +4.2
IXUS ishares Core MSCI Total International Stock ETF 0.4 7 58 8.0 +5.7
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 35 8.1 +5.9
VXUS Vanguard Total International Stock ETF 0.4 7 58 8.0 +5.8
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 0.3 59 6 8.2 +6.0
IXJ iShares Global Healthcare ETF 0.3 42 23 7.6 +5.3
IQDF FlexShares International Quality Dividend Index Fund 0.3 47 18 12.7 +10.5
IGRO iShares International Dividend Growth ETF 0.3 15 50 10.1 +7.8
WRND IQ Global Equity R&D Leaders ETF 0.2 18 47 8.3 +6.0
FMIL Fidelity New Millennium ETF 0.2 59 6 6.3 +4.0
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 45 9.1 +6.8
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 0.2 50 15 4.0 +1.8
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 20 6.0 +3.7
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 0.2 15 50 6.4 +4.1
ACWI iShares MSCI ACWI ETF 0.2 32 33 6.6 +4.3
VIGI Vanguard International Dividend Appreciation ETF 0.2 15 50 7.8 +5.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.2 20 45 12.9 +10.6
TPIF Timothy Plan International ETF 0.1 62 3 7.5 +5.3
VT Vanguard Total World Stock ETF 0.1 7 58 6.8 +4.5
BKIE BNY Mellon International Equity ETF 0.1 4 61 8.6 +6.3
GLOF iShares Global Equity Factor ETF 0.1 20 45 9.1 +6.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 53 6.2 +3.9
DEM WisdomTree Emerging Markets High Dividend Fund 0.1 63 2 14.6 +12.3
CIL VictoryShares International Volatility Weighted Index ETF 0.1 45 20 8.2 +5.9
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 0.1 47 18 8.2 +5.9
IQSI IQ Candriam ESG International Equity ETF 0.1 15 50 8.6 +6.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 0 6.6 +4.3
WKLY SoFi Weekly Dividend ETF 0.1 49 16 8.7 +6.4
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 56 9.5 +7.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 23 6.5 +4.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 56 6.5 +4.2
VYMI Vanguard International High Dividend Yield ETF 0.1 22 43 11.3 +9.0
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 45 8.3 +6.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 26 8.6 +6.4
DEW WisdomTree Global High Dividend Fund 0.1 58 7 10.2 +8.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 45 7.0 +4.8
KOMP SPDR Kensho New Economies Composite ETF 0.0 20 45 -0.4 -2.6
ESGG FlexShares STOXX Global ESG Impact Index Fund 0.0 42 23 6.6 +4.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 26 8.5 +6.3
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.0 21 44 4.2 +2.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 7 58 6.6 +4.3
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 62 7.7 +5.4

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

  2018 2019 2020 2021 2022 2023E 2024E
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
  2022 2023E 2024E
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 6.7 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 2.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.19 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.