Global X MSCI China Large-Cap 50 ETF
ALTAR
Score™
10.5% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
10.7x P/Sales
ratio
1.4x
P/BV
ratio
1.5x Div.
yield
2.8%


  • 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 11, 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) $161,067
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 18.9%
Emerging mkts 81.1%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 9.5 %
ALIBABA GROUP HOLDING LTD. SPONSOR 8.9 %
CHINA CONSTRUCTION BANK-H 6.4 %
KWEICHOW MOUTAI CO LTD-A 4.7 %
PING AN INSURANCE GROUP CO-H 4.6 %
CHINA MOBILE LIMITED 4.0 %
IND & COMM BK OF CHINA - H 3.9 %
BANK OF CHINA LTD - H 2.8 %
JD.COM INC-ADR 2.7 %
BAIDU INC - SPON ADR 2.5 %
Total 50.0 %

TOP COUNTRY EXPOSURE
CHINA 84.5 %
HONG KONG 13.7 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.1% -7.6% -- -- 8.4%

Market Correlations
versus... Beta R-squared
S&P500 0.86 50%
MSCI EAFE 0.81 47%
MSCI Emg. Mkts. 0.82 68%

Technical Indicators
Recent close $26.09
30d moving avg. $27.17
Annualized volatility 23.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 41

Liquidity measures
Avg. volume (thou.) 1
Turnover 1.0%
Bid/Ask (% of price) 2.82%
ADV underlying (mns) $18,105

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 10.5%


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
(%)
MCHI iShares MSCI China ETF 53.0 59 -30 10.1 -0.4
FLCH Franklin FTSE China ETF 52.3 19 10 10.3 -0.2
GXC SPDR S&P China ETF 50.8 59 -30 10.0 -0.5
KALL KraneShares FTSE Emerging Markets Plus ETF 50.7 49 -20 10.0 -0.5
WCHN WisdomTree ICBCCS S&P China 500 Fund 49.8 55 -26 9.8 -0.7
FXI iShares China Large-Cap ETF 48.9 74 -45 14.4 +3.9
CXSE WisdomTree China ex-State-Owned Enterprises Fund 47.3 32 -3 8.1 -2.4
BKF iShares MSCI BRIC ETF 43.9 69 -40 9.9 -0.6
CN Xtrackers MSCI All China Equity ETF 40.3 50 -21 10.3 -0.2
GMF SPDR S&P Emerging Asia Pacific ETF 34.1 49 -20 9.3 -1.2
EEMA iShares MSCI Emerging Markets Asia ETF 33.3 50 -21 9.9 -0.6
ECON Columbia Emerging Markets Consumer ETF 32.6 59 -30 5.7 -4.8
AIA iShares Asia 50 ETF 30.9 50 -21 10.0 -0.5
KWEB KraneShares CSI China Internet ETF 30.4 76 -47 4.4 -6.1
SCHE Schwab Emerging Markets Equity ETF 30.1 13 16 10.3 -0.3
PBEE Invesco PureBeta FTSE Emerging Markets ETF 29.9 14 15 11.2 +0.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 29.8 30 -1 10.2 -0.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 29.6 68 -39 9.3 -1.2
FLAX Franklin FTSE Asia Ex Japan ETF 29.3 19 10 9.9 -0.6
PXH Invesco FTSE RAFI Emerging Markets ETF 28.8 50 -21 15.9 +5.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 28.7 32 -3 8.3 -2.2
FDNI First Trust Dow Jones International Internet ETF 28.3 65 -36 4.0 -6.5
BICK First Trust BICK Index Fund 27.6 64 -35 6.2 -4.4
TTTN UP Fintech China-U.S. Internet Titans ETF 27.4 59 -30 6.2 -4.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 27.2 86 -57 3.4 -7.1
SPEM SPDR Portfolio Emerging Markets ETF 27.1 11 18 10.1 -0.4
VWO Vanguard FTSE Emerging Markets ETF 26.9 10 19 10.4 -0.1
EEM iShares MSCI Emerging Markets ETF 26.7 68 -39 9.9 -0.6
JHEM John Hancock Multifactor Emerging Markets ETF 26.3 55 -26 10.6 +0.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 26.1 95 -66 12.2 +1.7
CHIX Global X China Financials ETF 25.8 65 -36 19.0 +8.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 25.7 65 -36 10.0 -0.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 25.6 20 9 9.1 -1.4
ISEM Invesco Strategic Emerging Markets ETF 24.6 35 -6 11.8 +1.3
IEMG iShares Core MSCI Emerging Markets ETF 24.3 14 15 10.4 -0.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 24.0 45 -16 10.2 -0.3
NUEM Nuveen ESG Emerging Markets Equity ETF 23.8 45 -16 9.2 -1.3
ESGE iShares ESG MSCI EM ETF 23.6 25 4 11.4 +0.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 22.8 39 -10 15.2 +4.7
FNI First Trust Chindia ETF 22.7 59 -30 4.5 -6.0
CHIQ Global X China Consumer ETF 22.2 65 -36 11.5 +1.0
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 20.9 18 11 7.3 -3.2
PGJ Invesco Golden Dragon China ETF 20.8 70 -41 4.4 -6.1
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 20.3 80 -51 2.2 -8.3
JOYY Infusive Compounding Global Equities ETF 19.9 50 -21 5.0 -5.5
DVEM WisdomTree Emerging Markets Dividend Fund 19.7 32 -3 10.8 +0.3
CHIC Global X Nasdaq China Technology ETF 19.3 65 -36 4.9 -5.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 19.0 40 -11 8.9 -1.6
ASHX Xtrackers MSCI China A Inclusion Equity ETF 17.9 60 -31 8.8 -1.7
CNYA iShares MSCI China A ETF 17.7 65 -36 8.8 -1.7
KBA KraneShares Bosera MSCI China A Share ETF 17.7 60 -31 8.8 -1.7
CQQQ Invesco China Technology ETF 17.6 70 -41 5.2 -5.3
AFTY Pacer CSOP FTSE China A50 ETF 17.6 70 -41 11.4 +0.9
AVEM Avantis Emerging Markets Equity ETF 17.6 33 -4 11.6 +1.1
PNQI Invesco NASDAQ Internet ETF 17.4 62 -33 3.0 -7.5
PEK VanEck Vectors ChinaAMC CSI 300 ETF 17.3 60 -31 9.4 -1.1
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 17.2 65 -36 9.4 -1.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 17.0 30 -1 10.7 +0.2
EMCG WisdomTree Emerging Markets Consumer Growth Fund 16.8 32 -3 9.1 -1.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 16.7 59 -30 13.0 +2.5
GBUY Goldman Sachs Motif New Age Consumer ETF 16.6 50 -21 3.6 -6.9
DINT Davis Select International ETF 16.5 75 -46 7.7 -2.8
AXJL WisdomTree Asia Pacific ex-Japan Fund 15.5 48 -19 10.9 +0.4
OGIG O'Shares Global Internet Giants ETF 14.8 48 -19 1.1 -9.5
DEM WisdomTree Emerging Markets High Dividend Fund 14.4 63 -34 16.7 +6.2
SOCL Global X Social Media ETF 14.4 65 -36 3.5 -7.0
BUYZ Franklin Disruptive Commerce ETF 14.3 50 -21 0.3 -10.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 14.1 45 -16 11.7 +1.2
GIGE SoFi Gig Economy ETF 13.8 59 -30 -0.7 -11.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 13.5 32 -3 11.3 +0.8
FDEM Fidelity Targeted Emerging Markets Factor ETF 13.4 45 -16 11.6 +1.1
DWLD Davis Select Worldwide ETF 12.7 64 -35 8.5 -2.0
BLCN Reality Shares Nasdaq NextGen Economy ETF 12.5 68 -39 6.0 -4.5
FCA First Trust China AlphaDEX Fund 11.7 80 -51 16.5 +6.0
PIE Invesco DWA Emerging Markets Momentum ETF 11.7 90 -61 6.8 -3.7
ONLN ProShares Online Retail ETF 11.7 58 -29 2.8 -7.7
MOTI VanEck Vectors Morningstar International Moat ETF 11.7 57 -28 10.2 -0.3
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 11.6 25 4 9.7 -0.8
EBIZ Global X E-Commerce ETF 10.9 50 -21 4.8 -5.7
ESPO VanEck Vectors Video Gaming & eSports ETF 10.3 55 -26 3.6 -6.9
ROAM Hartford Multifactor Emerging Markets ETF 10.1 44 -15 17.8 +7.3
EMMF WisdomTree Emerging Markets Multifactor Fund 10.1 48 -19 11.9 +1.4
AIQ Global X Future Analytics Tech ETF 9.3 68 -39 5.7 -4.8
BLOK Amplify Transformational Data Sharing ETF 9.2 70 -41 4.8 -5.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 9.2 45 -16 10.5 -0.0
RNEM Emerging Markets Equity Select ETF 9.2 75 -46 11.4 +0.9
XBUY Amplify International Online Retail ETF 9.0 69 -40 -0.5 -11.0
LVHE Legg Mason Emerging Markets Low Volatility High Dividend ETF 8.9 51 -22 13.8 +3.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 8.8 16 13 8.5 -2.0
CHIS Global X MSCI China Consumer Staples ETF 8.8 65 -36 4.4 -6.1
GENY Principal Millennials Index ETF 8.4 45 -16 6.0 -4.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 8.2 49 -20 11.3 +0.8
XNTK SPDR Morgan Stanley Technology ETF 8.2 35 -6 5.2 -5.3
FPXI First Trust International Equity Opportunities ETF 8.0 70 -41 4.1 -6.4
EEMO Invesco S&P Emerging Markets Momentum ETF 8.0 30 -1 12.2 +1.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 7.8 20 9 12.7 +2.2
VSGX Vanguard ESG International Stock ETF 7.7 17 12 8.9 -1.6
CWI SPDR MSCI ACWI ex-US ETF 7.5 30 -1 9.1 -1.4
EDIV SPDR S&P Emerging Markets Dividend ETF 7.5 49 -20 13.4 +2.9
ACWX iShares MSCI ACWI ex U.S. ETF 7.5 32 -3 9.1 -1.4

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 15.5 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 10.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.23 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.