Global X China Materials ETF
ALTAR
Score™
11.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
9.2x P/Sales
ratio
0.4x
P/BV
ratio
0.9x Div.
yield
3.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X MSCI China Materials ETF seeks to invest in large- and mid-capitalization segments of the MSCI China Index that are classified in the Materials 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 Jan 14, 2010
Assets (mns) $1
Currency USD
Expense ratio 65 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 No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 76
Wgt avg mkt cap (mns) $9,271
Large cap (>$10bn) 21.4%
Mid cap ($2-10bn) 74.1%
Small cap (<$2bn) 4.5%
Developed mkts 14.7%
Emerging mkts 85.3%

TOP TEN HOLDINGS
CHINA NATIONAL BUILDING MA-H 10.1 %
ANHUI CONCH CEMENT CO LTD-H 9.9 %
CHINA RESOURCES CEMENT 7.5 %
ZIJIN MINING GROUP CO LTD-H 5.6 %
NINE DRAGONS PAPER HOLDINGS 4.1 %
ZHAOJIN MINING INDUSTRY - H 3.1 %
JIANGXI COPPER COMPANY LTD-H 3.1 %
CHINA MOLYBDENUM CO LTD-H 2.9 %
YANTAI WANHUA POLYURETHANE-A 2.6 %
SINOPEC SHANGHAI PETROCHEM-H 2.6 %
Total 51.5 %

TOP COUNTRY EXPOSURE
CHINA 82.2 %
HONG KONG 14.1 %









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.
-16.7% -12.6% 1.1% -4.1% -3.1%

Market Correlations
versus... Beta R-squared
S&P500 0.88 28%
MSCI EAFE 0.96 33%
MSCI Emg. Mkts. 1.03 55%

Technical Indicators
Recent close $14.14
30d moving avg. $15.28
Annualized volatility 25.2%
Short interest (ETF) 0.8%
Relative strength (RSI) 36

Liquidity measures
Avg. volume (thou.) 1
Turnover 1.0%
Bid/Ask (% of price) 5.13%
ADV underlying (mns) $4,943

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: CHIM Expense: 65 bp ALTAR Score™: 11.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CHIM
Ticker Fund
Name
Overlap1
vs CHIM
(%)
Expense
ratio
(bp)
Savings
vs CHIM
(bp)
ALTAR
Score™
(%)
ALTAR
vs CHIM
(%)
FCA First Trust China AlphaDEX Fund 10.0 80 -15 16.5 +4.7
COPX Global X Copper Miners ETF 8.7 65 0 10.8 -1.0
FHK First Trust Hong Kong AlphaDEX Fund 6.6 80 -15 11.6 -0.2
OBOR KraneShares MSCI One Belt One Road Index ETF 6.6 79 -14 11.6 -0.2
ASHX Xtrackers MSCI China A Inclusion Equity ETF 6.5 60 5 8.8 -3.0
CNYA iShares MSCI China A ETF 6.4 65 0 8.8 -3.0
KBA KraneShares Bosera MSCI China A Share ETF 6.4 60 5 8.8 -3.0
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 6.0 65 0 5.4 -6.4
BATT Amplify Advanced Battery Metals & Materials ETF 5.4 72 -7 4.3 -7.5
PEK VanEck Vectors ChinaAMC CSI 300 ETF 5.3 60 5 9.4 -2.4
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 5.2 65 0 9.4 -2.4
WCHN WisdomTree ICBCCS S&P China 500 Fund 4.9 55 10 9.8 -2.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 4.8 70 -5 15.7 +3.9
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF 4.3 65 0 4.8 -7.0
FEM First Trust Emerging Markets AlphaDEX Fund 3.9 80 -15 14.5 +2.7
REMX VanEck Vectors Rare Earth/Strategic Metals ETF 3.8 59 6 4.3 -7.5
SDIV Global X SuperDividend ETF 3.8 58 7 23.5 +11.7
EEMD AAM S&P Emerging Markets High Dividend Value ETF 3.5 50 15 25.3 +13.5
KALL KraneShares FTSE Emerging Markets Plus ETF 3.2 49 16 10.0 -1.8
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 3.1 45 20 11.7 -0.1
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 3.1 45 20 16.1 +4.3
AFK VanEck Vectors Africa Index ETF 2.9 78 -13 4.6 -7.2
ISEM Invesco Strategic Emerging Markets ETF 2.8 35 30 11.8 +0.0
SDEM Global X SuperDividend Emerging Markets ETF 2.7 67 -2 25.8 +14.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.5 32 33 11.3 -0.5
GXC SPDR S&P China ETF 2.5 59 6 10.0 -1.8
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 2.5 51 14 20.5 +8.7
DEM WisdomTree Emerging Markets High Dividend Fund 2.4 63 2 16.7 +4.9
MCHI iShares MSCI China ETF 2.2 59 6 10.1 -1.8
PICK iShares MSCI Global Metals & Mining Producers ETF 2.2 39 26 10.7 -1.1
EYLD Cambria Emerging Shareholder Yield ETF 2.2 66 -1 20.9 +9.1
FLCH Franklin FTSE China ETF 2.1 19 46 10.3 -1.5
GDX VanEck Vectors Gold Miners ETF 2.0 52 13 4.5 -7.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 2.0 80 -15 11.6 -0.2
EMMF WisdomTree Emerging Markets Multifactor Fund 1.9 48 17 11.9 +0.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.9 45 20 10.5 -1.3
CEZ Victory CEMP Emerging Market Volatility Wtd Index ETF 1.8 50 15 12.5 +0.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.8 95 -30 12.2 +0.4
PIE Invesco DWA Emerging Markets Momentum ETF 1.7 90 -25 6.8 -5.0
BKF iShares MSCI BRIC ETF 1.7 69 -4 9.9 -1.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.7 47 18 16.8 +5.0
VIDI Vident International Equity Fund 1.7 59 6 14.8 +3.0
CUT Invesco MSCI Global Timber ETF 1.6 55 10 11.5 -0.3
FXI iShares China Large-Cap ETF 1.6 74 -9 14.4 +2.6
KFYP KraneShares CICC China Leaders 100 Index ETF 1.5 70 -5 13.5 +1.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.4 63 2 16.2 +4.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.4 30 35 10.7 -1.1
PXH Invesco FTSE RAFI Emerging Markets ETF 1.3 50 15 15.9 +4.1
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 1.3 80 -15 18.9 +7.1
ROAM Hartford Multifactor Emerging Markets ETF 1.3 44 21 17.8 +6.0
GDXJ VanEck Vectors Junior Gold Miners ETF 1.2 53 12 5.0 -6.8
DVEM WisdomTree Emerging Markets Dividend Fund 1.2 32 33 10.8 -1.0
EEMA iShares MSCI Emerging Markets Asia ETF 1.1 50 15 9.9 -1.9
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 1.1 25 40 9.7 -2.1
NUEM Nuveen ESG Emerging Markets Equity ETF 1.1 45 20 9.2 -2.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.1 39 26 15.2 +3.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.0 59 6 13.0 +1.2
IQDF FlexShares International Quality Dividend Index Fund 1.0 47 18 15.9 +4.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.0 68 -3 9.3 -2.5
GMF SPDR S&P Emerging Asia Pacific ETF 1.0 49 16 9.3 -2.5
CN Xtrackers MSCI All China Equity ETF 1.0 50 15 10.3 -1.5
SCHE Schwab Emerging Markets Equity ETF 0.9 13 52 10.3 -1.6
IQDE FlexShares International Quality Dividend Defensive Index Fd 0.9 47 18 15.3 +3.5
FLAX Franklin FTSE Asia Ex Japan ETF 0.9 19 46 9.9 -1.9
DVYE iShares Emerging Markets Dividend ETF 0.9 49 16 15.0 +3.2
EKAR Innovation Shares NextGen Vehicles & Technology ETF 0.9 65 0 12.4 +0.6
VWO Vanguard FTSE Emerging Markets ETF 0.9 10 55 10.4 -1.4
EEM iShares MSCI Emerging Markets ETF 0.9 68 -3 9.9 -1.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.8 65 0 10.0 -1.9
SPEM SPDR Portfolio Emerging Markets ETF 0.8 11 54 10.1 -1.7
AVEM Avantis Emerging Markets Equity ETF 0.8 33 32 11.6 -0.2
IEMG iShares Core MSCI Emerging Markets ETF 0.8 14 51 10.4 -1.4
QINT American Century Quality Diversified International ETF 0.8 39 26 7.4 -4.4
PBEE Invesco PureBeta FTSE Emerging Markets ETF 0.7 14 51 11.2 -0.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.7 49 16 11.3 -0.5
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.6 80 -15 14.3 +2.5
FDT First Trust Developed Markets ex-US Alphadex Fund 0.6 80 -15 11.0 -0.8
JHEM John Hancock Multifactor Emerging Markets ETF 0.6 55 10 10.6 -1.2
AXJL WisdomTree Asia Pacific ex-Japan Fund 0.6 48 17 10.9 -0.9
ESGE iShares ESG MSCI EM ETF 0.6 25 40 11.4 -0.4
DRIV Global X Autonomous & Electric Vehicles ETF 0.5 68 -3 8.3 -3.6
DNL WisdomTree Global ex-US Dividend Growth Fund 0.5 58 7 9.3 -2.5
VGFO Virtus WMC Global Factor Opportunities ETF 0.5 49 16 7.4 -4.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.5 29 36 12.4 +0.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.5 30 35 10.2 -1.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.4 32 33 8.1 -3.7
GNR SPDR S&P Global Natural Resources ETF 0.4 40 25 8.8 -3.0
ACWF iShares FactorSelect MSCI Global ETF 0.4 35 30 9.9 -1.9
EMCG WisdomTree Emerging Markets Consumer Growth Fund 0.4 32 33 9.1 -2.7
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 0.4 64 1 7.7 -4.1
HAP VanEck Vectors Natural Resources ETF 0.3 50 15 8.4 -3.4
FDEM Fidelity Targeted Emerging Markets Factor ETF 0.3 45 20 11.6 -0.2
VYMI Vanguard International High Dividend Yield ETF 0.3 32 33 12.0 +0.2
AFTY Pacer CSOP FTSE China A50 ETF 0.3 70 -5 11.4 -0.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.3 20 45 9.1 -2.7
LVHE Legg Mason Emerging Markets Low Volatility High Dividend ETF 0.3 51 14 13.8 +2.0
LVIN Hartford Multifactor Low Volatility International Equity ETF 0.2 29 36 14.4 +2.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 32 33 9.1 -2.7
EDIV SPDR S&P Emerging Markets Dividend ETF 0.2 49 16 13.4 +1.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 8 57 9.4 -2.4

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 China Materials 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 11.4 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 11.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 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.