Global X MSCI China Large-Cap 50 ETF
ALTAR
Score™
7.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
15.2x P/Sales
ratio
2.2x
P/BV
ratio
2.1x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X MSCI China Large-Cap 50 ETF seeks to invest in the 50 largest securities from the MSCI China Index that meet minimum size and liquidity requirements.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Global X
Website www.globalxfunds.com
Inception date Dec 07, 2018
Assets (mns) $3
Currency USD
Expense ratio 29 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 50
Wgt avg mkt cap (mns) $182,337
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 21.7%
Emerging mkts 78.3%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 9.6 %
ALIBABA GROUP HOLDING LTD. SPONSOR 9.0 %
KWEICHOW MOUTAI CO LTD-A 5.4 %
MEITUAN DIANPING 4.9 %
CHINA CONSTRUCTION BANK-H 4.5 %
PING AN INSURANCE GROUP CO-H 4.0 %
JD.COM INC-ADR 3.7 %
NETEASE.COM INC-ADR 2.9 %
CHINA MOBILE LIMITED 2.8 %
IND & COMM BK OF CHINA - H 2.6 %
Total 49.4 %

TOP COUNTRY EXPOSURE
CHINA 86.2 %
HONG KONG 10.8 %









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.
1.7% 10.0% -- -- 17.9%

Market Correlations
versus... Beta R-squared
S&P500 0.73 46%
MSCI EAFE 0.78 48%
MSCI Emg. Mkts. 0.73 66%

Technical Indicators
Recent close $33.85
30d moving avg. $30.42
Annualized volatility 22.0%
Short interest (ETF) 2.2%
Relative strength (RSI) 76

Liquidity measures
Avg. volume (thou.) 1
Turnover 1.0%
Bid/Ask (% of price) 0.74%
ADV underlying (mns) $20,602

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Global X MSCI China Large-Cap 50 ETF ETF based on the alternatives' overlap in portfolio holdings with CHIL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CHIL Expense: 29 bp ALTAR Score™: 7.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CHIL
Ticker Fund
Name
Overlap1
vs CHIL
(%)
Expense
ratio
(bp)
Savings
vs CHIL
(bp)
ALTAR
Score™
(%)
ALTAR
vs CHIL
(%)
CXSE WisdomTree China ex-State-Owned Enterprises Fund 54.1 32 -3 5.8 -2.0
MCHI iShares MSCI China ETF 52.3 59 -30 7.3 -0.5
FLCH Franklin FTSE China ETF 51.3 19 10 7.7 -0.1
GXC SPDR S&P China ETF 50.8 59 -30 7.6 -0.2
KALL KraneShares FTSE Emerging Markets Plus ETF 49.7 49 -20 7.7 -0.1
BKF iShares MSCI BRIC ETF 43.4 69 -40 7.2 -0.6
FXI iShares China Large-Cap ETF 42.4 74 -45 12.0 +4.2
CN Xtrackers MSCI All China Equity ETF 39.5 50 -21 7.5 -0.3
ECON Columbia Emerging Markets Consumer ETF 36.6 59 -30 4.4 -3.4
KWEB KraneShares CSI China Internet ETF 36.6 76 -47 1.6 -6.2
GMF SPDR S&P Emerging Asia Pacific ETF 34.9 49 -20 7.2 -0.6
FDNI First Trust Dow Jones International Internet ETF 34.8 65 -36 2.1 -5.7
EEMA iShares MSCI Emerging Markets Asia ETF 34.4 50 -21 7.4 -0.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 32.0 68 -39 7.0 -0.8
BKEM BNY Mellon Emerging Markets Equity ETF 32.0 11 18 8.3 +0.5
TTTN UP Fintech China-U.S. Internet Titans ETF 31.9 59 -30 3.9 -3.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 31.7 86 -57 2.1 -5.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 31.5 30 -1 7.8 -0.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 31.5 32 -3 6.1 -1.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 31.3 95 -66 9.1 +1.3
PBEE Invesco PureBeta FTSE Emerging Markets ETF 31.2 15 14 8.5 +0.8
AIA iShares Asia 50 ETF 31.1 50 -21 8.0 +0.2
SCHE Schwab Emerging Markets Equity ETF 30.6 11 18 7.8 -0.0
FLAX Franklin FTSE Asia Ex Japan ETF 30.6 19 10 7.7 -0.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 28.7 36 -7 8.1 +0.3
EEM iShares MSCI Emerging Markets ETF 28.4 68 -39 7.4 -0.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 28.4 65 -36 7.4 -0.4
PEK VanEck Vectors ChinaAMC CSI 300 ETF 28.0 60 -31 6.9 -0.9
ESGE iShares ESG MSCI EM ETF 27.4 25 4 8.6 +0.8
SPEM SPDR Portfolio Emerging Markets ETF 27.4 11 18 7.7 -0.1
VWO Vanguard FTSE Emerging Markets ETF 27.0 10 19 8.0 +0.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 26.5 20 9 6.7 -1.1
CHIQ Global X China Consumer ETF 26.4 65 -36 6.9 -0.9
NUEM Nuveen ESG Emerging Markets Equity ETF 26.2 45 -16 7.2 -0.6
JHEM John Hancock Multifactor Emerging Markets ETF 26.1 49 -20 8.4 +0.6
IEMG iShares Core MSCI Emerging Markets ETF 25.7 13 16 7.9 +0.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 25.7 45 -16 7.9 +0.1
PXH Invesco FTSE RAFI Emerging Markets ETF 25.5 50 -21 13.0 +5.2
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 24.6 18 11 5.5 -2.3
PGJ Invesco Golden Dragon China ETF 24.4 70 -41 3.0 -4.8
FNI First Trust Chindia ETF 24.0 60 -31 2.7 -5.1
BICK First Trust BICK Index Fund 23.2 64 -35 4.7 -3.1
CQQQ Invesco China Technology ETF 22.1 70 -41 3.5 -4.3
ISEM Invesco Strategic Emerging Markets ETF 22.1 35 -6 10.1 +2.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 21.5 40 -11 7.1 -0.7
AFTY Pacer CSOP FTSE China A50 ETF 21.2 70 -41 9.1 +1.3
ASHX Xtrackers MSCI China A Inclusion Equity ETF 21.0 60 -31 6.5 -1.3
KBA KraneShares Bosera MSCI China A Share ETF 21.0 60 -31 6.5 -1.3
CNYA iShares MSCI China A ETF 20.9 60 -31 6.5 -1.3
CHIX Global X China Financials ETF 19.8 66 -37 16.4 +8.6
DINT Davis Select International ETF 19.2 68 -39 5.6 -2.2
DVEM WisdomTree Emerging Markets Dividend Fund 19.2 32 -3 8.2 +0.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 19.0 39 -10 12.7 +4.9
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 18.5 65 -36 6.9 -0.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 18.4 30 -1 8.7 +0.9
GBUY Goldman Sachs Motif New Age Consumer ETF 18.1 50 -21 1.8 -6.0
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 17.9 80 -51 3.7 -4.1
CHIC Global X Nasdaq China Technology ETF 17.7 66 -37 3.5 -4.3
OGIG O'Shares Global Internet Giants ETF 17.5 48 -19 0.6 -7.2
AVEM Avantis Emerging Markets Equity ETF 17.2 33 -4 8.9 +1.1
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 16.6 25 4 7.6 -0.2
GIGE SoFi Gig Economy ETF 15.7 59 -30 -0.5 -8.3
DWLD Davis Select Worldwide ETF 15.5 63 -34 6.3 -1.5
PNQI Invesco NASDAQ Internet ETF 15.3 62 -33 1.0 -6.8
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 15.2 45 -16 9.0 +1.2
EEMO Invesco S&P Emerging Markets Momentum ETF 15.2 29 0 6.5 -1.3
SOCL Global X Social Media ETF 14.4 65 -36 1.8 -6.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 14.4 32 -3 9.0 +1.2
FPXI First Trust International Equity Opportunities ETF 13.6 70 -41 3.1 -4.7
AIQ Global X Future Analytics Tech ETF 12.9 68 -39 3.7 -4.1
FCA First Trust China AlphaDEX Fund 12.8 80 -51 13.8 +6.0
BUYZ Franklin Disruptive Commerce ETF 12.8 50 -21 -0.2 -8.0
FDEM Fidelity Targeted Emerging Markets Factor ETF 12.7 45 -16 9.6 +1.8
ONLN ProShares Online Retail ETF 12.5 58 -29 1.3 -6.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 12.5 59 -30 11.0 +3.2
DEM WisdomTree Emerging Markets High Dividend Fund 12.3 63 -34 13.9 +6.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 12.1 49 -20 8.6 +0.9
PIE Invesco DWA Emerging Markets Momentum ETF 11.7 90 -61 5.2 -2.6
ESPO VanEck Vectors Video Gaming & eSports ETF 11.6 55 -26 2.6 -5.2
JOYY Infusive Compounding Global Equities ETF 11.6 50 -21 3.7 -4.1
RNEM Emerging Markets Equity Select ETF 11.4 75 -46 10.4 +2.6
EMMF WisdomTree Emerging Markets Multifactor Fund 11.3 48 -19 9.4 +1.6
EBIZ Global X E-Commerce ETF 11.2 50 -21 2.6 -5.2
CHIS Global X MSCI China Consumer Staples ETF 11.0 67 -38 3.3 -4.5
IXP iShares Global Comm Services ETF 10.6 46 -17 5.5 -2.3
GENY Principal Millennials Index ETF 10.5 45 -16 3.7 -4.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 10.5 16 13 6.9 -0.9
BLCN Reality Shares Nasdaq NextGen Economy ETF 10.2 68 -39 3.8 -4.0
MOTI VanEck Vectors Morningstar International Moat ETF 10.1 57 -28 8.5 +0.7
BLOK Amplify Transformational Data Sharing ETF 9.6 70 -41 4.5 -3.3
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 9.4 25 4 1.8 -6.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 9.0 44 -15 8.9 +1.1
ROAM Hartford Multifactor Emerging Markets ETF 8.9 44 -15 14.7 +6.9
XNTK SPDR NYSE Technology ETF 8.6 35 -6 3.4 -4.4
ACWX iShares MSCI ACWI ex U.S. ETF 8.6 32 -3 7.2 -0.6
CWI SPDR MSCI ACWI ex-US ETF 8.5 30 -1 7.2 -0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.4 40 -11 7.1 -0.7
ARKF ARK Fintech Innovation ETF 8.3 75 -46 0.4 -7.4

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

  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 Large-Cap 50 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 15.6 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.21 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.