Global X China Industrials ETF
ALTAR
Score™
12.2% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
10.4x P/Sales
ratio
0.5x
P/BV
ratio
1.0x Div.
yield
2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X MSCI China Industrials ETF seeks to invest in large- and mid-capitalization segments of the MSCI China Index that are classified in the Industrials 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 01, 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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 114
Wgt avg mkt cap (mns) $11,267
Large cap (>$10bn) 39.4%
Mid cap ($2-10bn) 49.1%
Small cap (<$2bn) 2.8%
Developed mkts 28.8%
Emerging mkts 71.3%

TOP TEN HOLDINGS
ZTO EXPRESS (CAYMAN) INC. SPONSORE 8.6 %
COUNTRY GARDEN SERVICES HOLDINGS C 7.4 %
CHINA CONCH VENTURE HOLDINGS 6.4 %
CITIC PACIFIC LIMITED 3.7 %
CONTEMPORARY AMPEREX TECHNOLOGY CO 3.4 %
WEICHAI POWER CO LTD-H 3.2 %
FOSUN INTERNATIONAL 2.4 %
CHINA COMMUNICATIONS CONST-H 2.0 %
A-LIVING SERVICES CO. LTD. CLASS H 1.9 %
CHINA EVERBRIGHT INTL LTD 1.8 %
Total 40.8 %

TOP COUNTRY EXPOSURE
CHINA 88.9 %
HONG KONG 11.9 %
SINGAPORE 1.2 %








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.
2.8% 14.5% 3.5% 1.1% 0.5%

Market Correlations
versus... Beta R-squared
S&P500 0.63 32%
MSCI EAFE 0.73 36%
MSCI Emg. Mkts. 0.72 55%

Technical Indicators
Recent close $13.23
30d moving avg. $13.79
Annualized volatility 19.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.7%
Bid/Ask (% of price) 1.34%
ADV underlying (mns) $1,354

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Global X China Industrials ETF ETF based on the alternatives' overlap in portfolio holdings with CHII. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CHII Expense: 66 bp ALTAR Score™: 12.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CHII
Ticker Fund
Name
Overlap1
vs CHII
(%)
Expense
ratio
(bp)
Savings
vs CHII
(bp)
ALTAR
Score™
(%)
ALTAR
vs CHII
(%)
OBOR KraneShares MSCI One Belt One Road Index ETF 18.5 79 -13 9.5 -2.8
CNYA iShares MSCI China A ETF 12.7 60 6 6.8 -5.4
KGRN KraneShares MSCI China Environment Index ETF 12.5 80 -14 8.9 -3.4
KBA KraneShares Bosera MSCI China A Share ETF 12.3 60 6 6.9 -5.4
ASHX Xtrackers MSCI China A Inclusion Equity ETF 12.3 60 6 6.9 -5.3
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 10.4 65 1 7.2 -5.0
FEM First Trust Emerging Markets AlphaDEX Fund 8.9 80 -14 14.4 +2.2
FCA First Trust China AlphaDEX Fund 8.8 80 -14 15.4 +3.1
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF 8.5 65 1 3.3 -8.9
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 7.6 45 21 14.9 +2.7
EMIF iShares Emerging Markets Infrastructure ETF 6.8 60 6 10.5 -1.7
KALL KraneShares FTSE Emerging Markets Plus ETF 6.6 49 17 8.4 -3.9
PEK VanEck Vectors ChinaAMC CSI 300 ETF 6.5 60 6 7.3 -4.9
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 5.3 45 21 9.3 -2.9
CXSE WisdomTree China ex-State-Owned Enterprises Fund 5.0 32 34 6.2 -6.1
GXC SPDR S&P China ETF 4.9 59 7 8.5 -3.8
MCHI iShares MSCI China ETF 4.8 59 7 8.2 -4.1
ISEM Invesco Strategic Emerging Markets ETF 4.6 35 31 11.2 -1.0
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 4.6 65 1 4.7 -7.5
FLCH Franklin FTSE China ETF 4.5 19 47 8.7 -3.6
LIT Global X Lithium & Battery Tech ETF 4.4 75 -9 3.0 -9.2
PGJ Invesco Golden Dragon China ETF 4.3 70 -4 3.4 -8.8
FLM First Trust Global Engineering & Construction ETF 4.3 70 -4 9.3 -2.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 4.0 29 37 10.3 -2.0
EDIV SPDR S&P Emerging Markets Dividend ETF 3.7 49 17 12.3 +0.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.7 74 -8 14.1 +1.9
GII SPDR S&P Global Infrastructure ETF 3.7 40 26 5.7 -6.5
IGF iShares Global Infrastructure ETF 3.7 46 20 5.7 -6.6
AFTY Pacer CSOP FTSE China A50 ETF 3.5 70 -4 9.7 -2.6
AADR AdvisorShares Dorsey Wright ADR ETF 3.5 110 -44 3.0 -9.3
EMMF WisdomTree Emerging Markets Multifactor Fund 3.4 48 18 9.8 -2.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 3.4 32 34 9.3 -2.9
BKF iShares MSCI BRIC ETF 3.3 69 -3 7.8 -4.4
NUEM Nuveen ESG Emerging Markets Equity ETF 3.3 45 21 7.2 -5.1
KFYP KraneShares CICC China Leaders 100 Index ETF 3.1 70 -4 13.7 +1.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.0 44 22 9.2 -3.0
PIE Invesco DWA Emerging Markets Momentum ETF 2.8 90 -24 5.1 -7.1
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 2.7 50 16 10.8 -1.4
FPXI First Trust International Equity Opportunities ETF 2.7 70 -4 3.3 -8.9
EYLD Cambria Emerging Shareholder Yield ETF 2.6 69 -3 18.9 +6.6
AVEM Avantis Emerging Markets Equity ETF 2.6 33 33 9.3 -3.0
RNEM Emerging Markets Equity Select ETF 2.5 75 -9 12.4 +0.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 2.5 95 -29 8.5 -3.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.4 30 36 9.0 -3.2
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 2.4 25 41 8.1 -4.1
EEMA iShares MSCI Emerging Markets Asia ETF 2.3 50 16 7.9 -4.3
PSP Invesco Global Listed Private Equity ETF 2.3 158 -92 6.0 -6.3
PXH Invesco FTSE RAFI Emerging Markets ETF 2.3 50 16 14.1 +1.8
CN Xtrackers MSCI All China Equity ETF 2.2 50 16 8.5 -3.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 2.2 68 -2 7.3 -4.9
DVYE iShares Emerging Markets Dividend ETF 2.2 49 17 17.8 +5.5
GMF SPDR S&P Emerging Asia Pacific ETF 2.2 49 17 7.6 -4.6
CHIL Global X MSCI China Large-Cap 50 ETF 2.1 29 37 8.1 -4.2
ESGE iShares ESG MSCI EM ETF 2.1 25 41 8.9 -3.3
SCHE Schwab Emerging Markets Equity ETF 2.1 11 55 8.2 -4.0
ROAM Hartford Multifactor Emerging Markets ETF 2.1 44 22 13.6 +1.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.1 59 7 11.5 -0.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 2.0 40 26 7.5 -4.7
FLAX Franklin FTSE Asia Ex Japan ETF 2.0 19 47 8.0 -4.3
EEM iShares MSCI Emerging Markets ETF 2.0 68 -2 7.7 -4.5
SDEM Global X SuperDividend Emerging Markets ETF 1.9 66 0 18.9 +6.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.9 65 1 7.7 -4.5
FDEM Fidelity Targeted Emerging Markets Factor ETF 1.9 45 21 8.9 -3.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.8 30 36 8.0 -4.2
ACWF iShares FactorSelect MSCI Global ETF 1.8 35 31 8.2 -4.1
VWO Vanguard FTSE Emerging Markets ETF 1.8 10 56 8.3 -3.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.8 36 30 7.8 -4.5
IEMG iShares Core MSCI Emerging Markets ETF 1.8 13 53 8.2 -4.1
GLIF AGFiQ Global Infrastructure ETF 1.8 45 21 5.4 -6.8
SPEM SPDR Portfolio Emerging Markets ETF 1.7 11 55 8.2 -4.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.7 20 46 7.0 -5.2
PBEE Invesco PureBeta FTSE Emerging Markets ETF 1.6 15 51 9.0 -3.3
IDOG ALPS International Sector Dividend Dogs ETF 1.6 50 16 11.2 -1.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.6 60 6 9.3 -3.0
DEM WisdomTree Emerging Markets High Dividend Fund 1.6 63 3 15.5 +3.3
EEMO Invesco S&P Emerging Markets Momentum ETF 1.6 29 37 6.6 -5.6
EEMD AAM S&P Emerging Markets High Dividend Value ETF 1.5 50 16 19.9 +7.7
DVEM WisdomTree Emerging Markets Dividend Fund 1.5 32 34 7.5 -4.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.5 32 34 6.1 -6.2
FXI iShares China Large-Cap ETF 1.5 74 -8 14.3 +2.0
JETS US Global Jets ETF 1.5 60 6 3.6 -8.7
BKEM BNY Mellon Emerging Markets Equity ETF 1.4 11 55 8.7 -3.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.3 63 3 13.1 +0.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.2 39 27 13.7 +1.4
DVYA iShares Asia/Pacific Dividend ETF 1.2 49 17 13.6 +1.4
SDG iShares Sustainable MSCI Global Impact ETF 1.2 49 17 6.4 -5.8
TBLU Tortoise Water Fund 1.2 40 26 4.7 -7.5
FNI First Trust Chindia ETF 1.1 60 6 2.7 -9.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.1 49 17 8.1 -4.1
JHEM John Hancock Multifactor Emerging Markets ETF 1.1 49 17 8.9 -3.3
LVIN Hartford Multifactor Low Volatility International Equity ETF 1.0 29 37 11.6 -0.7
DWCR Arrow DWA Country Rotation ETF 1.0 95 -29 14.4 +2.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.0 45 21 7.8 -4.4
KWEB KraneShares CSI China Internet ETF 1.0 76 -10 2.0 -10.2
IQDE FlexShares International Quality Dividend Defensive Index Fd 1.0 47 19 9.3 -3.0
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 1.0 18 48 5.6 -6.7
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 0.8 51 15 15.1 +2.8
DIM WisdomTree International MidCap Dividend Fund 0.7 58 8 7.7 -4.6
IQDF FlexShares International Quality Dividend Index Fund 0.7 47 19 9.2 -3.1

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

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.6 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 12.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.27 CATEGORY
AVERAGE
1.44
 
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.