Global X MSCI China Information Technology ETF
ALTAR
Score™
8.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
27.8x P/Sales
ratio
1.2x
P/BV
ratio
1.3x Div.
yield
1.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X MSCI China Information Technology ETF seeks to invest in large-, mid- and small-capitalization segments of the MSCI China IMI Index that are classified in the Information Technology 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) $12
Currency USD
Expense ratio 66 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 101
Wgt avg mkt cap (mns) $13,622
Large cap (>$10bn) 55.7%
Mid cap ($2-10bn) 44.2%
Small cap (<$2bn) 0.1%
Developed mkts 35.4%
Emerging mkts 64.6%

TOP TEN HOLDINGS
SEMICONDUCTOR MANUFACTURING INTERN 10.1 %
SUNNY OPTICAL TECH 8.6 %
XIAOMI CORP. CLASS B 8.0 %
KINGDEE INTERNATIONAL SFTWR 5.0 %
GDS HOLDINGS LTD. SPONSORED ADR CL 5.0 %
AAC TECHNOLOGIES HOLDINGS INC. 4.2 %
KINGSOFT CORP LTD 3.7 %
LENOVO GROUP LTD 3.7 %
XINYI SOLAR HOLDINGS LTD 3.5 %
LUXSHARE PRECISION INDUSTR-A 2.9 %
Total 54.6 %

TOP COUNTRY EXPOSURE
CHINA 84.8 %
HONG KONG 7.0 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
19.6% 49.0% -- -- 45.6%

Market Correlations
versus... Beta R-squared
S&P500 0.84 26%
MSCI EAFE 1.01 35%
MSCI Emg. Mkts. 0.98 51%

Technical Indicators
Recent close $24.27
30d moving avg. $21.66
Annualized volatility 33.5%
Short interest (ETF) 0.2%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 6
Turnover 1.2%
Bid/Ask (% of price) 1.20%
ADV underlying (mns) $7,053

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: CHIK Expense: 66 bp ALTAR Score™: 8.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CHIK
Ticker Fund
Name
Overlap1
vs CHIK
(%)
Expense
ratio
(bp)
Savings
vs CHIK
(bp)
ALTAR
Score™
(%)
ALTAR
vs CHIK
(%)
CQQQ Invesco China Technology ETF 31.4 70 -4 4.1 -4.9
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF 13.7 65 1 3.7 -5.3
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 11.1 65 1 7.9 -1.1
KBA KraneShares Bosera MSCI China A Share ETF 10.7 60 6 7.5 -1.5
CNYA iShares MSCI China A ETF 10.7 60 6 7.5 -1.5
ASHX Xtrackers MSCI China A Inclusion Equity ETF 10.7 60 6 7.5 -1.4
WCHN WisdomTree ICBCCS S&P China 500 Fund 9.1 55 11 8.7 -0.3
PEK VanEck Vectors ChinaAMC CSI 300 ETF 9.0 60 6 7.7 -1.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 8.1 32 34 6.5 -2.4
IPOS Renaissance International IPO ETF 8.0 80 -14 5.3 -3.7
KGRN KraneShares MSCI China Environment Index ETF 6.9 80 -14 6.2 -2.7
KALL KraneShares FTSE Emerging Markets Plus ETF 6.8 49 17 8.8 -0.2
GXC SPDR S&P China ETF 5.2 59 7 8.6 -0.3
NXTG First Trust Indxx NextG ETF 5.1 70 -4 6.3 -2.6
AFTY Pacer CSOP FTSE China A50 ETF 5.0 70 -4 10.2 +1.3
SRVR Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF 5.0 60 6 2.5 -6.4
FPXI First Trust International Equity Opportunities ETF 5.0 70 -4 3.4 -5.6
IFLY ETFMG Drone Economy Strategy ETF 5.0 68 -2 2.0 -6.9
FCA First Trust China AlphaDEX Fund 5.0 80 -14 15.3 +6.4
MCHI iShares MSCI China ETF 4.7 59 7 8.3 -0.6
CHIL Global X MSCI China Large-Cap 50 ETF 4.7 29 37 8.7 -0.2
FLHK Franklin FTSE Hong Kong ETF 4.5 9 57 8.4 -0.5
PIE Invesco DWA Emerging Markets Momentum ETF 4.4 90 -24 5.5 -3.4
PGJ Invesco Golden Dragon China ETF 3.9 70 -4 3.3 -5.6
FXI iShares China Large-Cap ETF 3.9 74 -8 13.4 +4.5
FLCH Franklin FTSE China ETF 3.8 19 47 8.8 -0.2
BICK First Trust BICK Index Fund 3.5 64 2 5.0 -3.9
ICLN iShares Global Clean Energy ETF 3.5 46 20 3.3 -5.7
TAN Invesco Solar ETF 3.5 71 -5 1.8 -7.1
BKF iShares MSCI BRIC ETF 3.4 69 -3 8.0 -1.0
EMCG WisdomTree Emerging Markets Consumer Growth Fund 3.3 32 34 7.5 -1.4
IRBO iShares Robotics & Artificial Intelligence ETF 3.3 47 19 2.8 -6.1
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 3.1 80 -14 4.1 -4.8
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 3.0 65 1 5.0 -3.9
ESGE iShares ESG MSCI EM ETF 2.9 25 41 9.2 +0.3
FEM First Trust Emerging Markets AlphaDEX Fund 2.7 80 -14 11.6 +2.7
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.5 60 6 11.1 +2.2
GMF SPDR S&P Emerging Asia Pacific ETF 2.4 49 17 7.8 -1.1
DVEM WisdomTree Emerging Markets Dividend Fund 2.4 32 34 8.6 -0.3
NUEM Nuveen ESG Emerging Markets Equity ETF 2.3 45 21 7.7 -1.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.3 32 34 9.4 +0.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 2.3 30 36 8.3 -0.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.3 32 34 6.5 -2.4
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 2.3 45 21 9.7 +0.7
CN Xtrackers MSCI All China Equity ETF 2.2 50 16 8.6 -0.4
SNSR Global X Internet of Things Thematic ETF 2.2 68 -2 4.6 -4.3
EEMA iShares MSCI Emerging Markets Asia ETF 2.2 50 16 8.1 -0.8
SPEM SPDR Portfolio Emerging Markets ETF 2.2 11 55 8.3 -0.7
FLAX Franklin FTSE Asia Ex Japan ETF 2.1 19 47 8.2 -0.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 2.1 68 -2 7.6 -1.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.1 70 -4 13.7 +4.8
AVEM Avantis Emerging Markets Equity ETF 2.0 33 33 9.4 +0.5
ESPO VanEck Vectors Video Gaming & eSports ETF 1.9 55 11 2.8 -6.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.9 65 1 7.9 -1.0
EEM iShares MSCI Emerging Markets ETF 1.9 68 -2 7.9 -1.0
SDEM Global X SuperDividend Emerging Markets ETF 1.8 66 0 16.4 +7.4
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 1.8 25 41 8.0 -1.0
AWAY ETFMG Travel Tech ETF 1.8 75 -9 -2.0 -10.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.8 30 36 9.1 +0.2
EEMO Invesco S&P Emerging Markets Momentum ETF 1.8 29 37 7.0 -1.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 1.7 86 -20 2.3 -6.6
IEMG iShares Core MSCI Emerging Markets ETF 1.7 13 53 8.4 -0.5
SCHE Schwab Emerging Markets Equity ETF 1.7 11 55 8.4 -0.6
FID First Trust S&P International Dividend Aristocrats ETF 1.6 60 6 10.0 +1.1
KWEB KraneShares CSI China Internet ETF 1.6 76 -10 1.9 -7.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.4 36 30 8.7 -0.3
PBEE Invesco PureBeta FTSE Emerging Markets ETF 1.4 15 51 9.2 +0.2
GDAT Goldman Sachs Motif Data-Driven World Etf 1.4 50 16 5.0 -3.9
OGIG O'Shares Global Internet Giants ETF 1.4 48 18 0.7 -8.2
DWCR Arrow DWA Country Rotation ETF 1.4 95 -29 17.6 +8.6
BLCN Reality Shares Nasdaq NextGen Economy ETF 1.3 68 -2 4.2 -4.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.3 60 6 8.7 -0.2
VWO Vanguard FTSE Emerging Markets ETF 1.3 10 56 8.6 -0.4
WDIV SPDR Global Dividend ETF 1.3 40 26 10.0 +1.0
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 1.3 50 16 4.1 -4.8
ISEM Invesco Strategic Emerging Markets ETF 1.3 35 31 11.0 +2.1
EMMF WisdomTree Emerging Markets Multifactor Fund 1.3 48 18 9.9 +1.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.2 59 7 11.6 +2.7
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 1.2 64 2 5.0 -4.0
PBD Invesco Global Clean Energy ETF 1.2 75 -9 1.8 -7.1
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 1.2 50 16 10.6 +1.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.1 95 -29 9.9 +0.9
AIA iShares Asia 50 ETF 1.1 50 16 8.5 -0.4
MOTI VanEck Vectors Morningstar International Moat ETF 1.1 57 9 8.7 -0.2
FDEM Fidelity Targeted Emerging Markets Factor ETF 1.1 45 21 9.9 +0.9
RYJ Invesco Raymond James SB-1 Equity ETF 1.1 82 -16 3.5 -5.4
JPGE JPMorgan Diversified Return Global Equity ETF 1.0 29 37 7.5 -1.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.0 49 17 9.0 +0.1
FNI First Trust Chindia ETF 0.9 60 6 3.0 -6.0
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 0.9 45 21 14.1 +5.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.8 11 55 8.9 -0.0
ROAM Hartford Multifactor Emerging Markets ETF 0.8 44 22 15.3 +6.4
ACWF iShares FactorSelect MSCI Global ETF 0.8 35 31 8.1 -0.8
JPIN JPMorgan Diversified Return International Equity ETF 0.8 37 29 8.1 -0.8
FIVG Defiance Next Gen Connectivity ETF 0.7 30 36 4.9 -4.0
SDG iShares Sustainable MSCI Global Impact ETF 0.7 49 17 6.0 -2.9
GLIF AGFiQ Global Infrastructure ETF 0.7 45 21 5.3 -3.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.7 20 46 7.3 -1.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.6 45 21 8.3 -0.6
XT iShares Exponential Technologies ETF 0.6 47 19 5.2 -3.7

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

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.8 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 8.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 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.