Global X MSCI China Consumer ETF
ALTAR
Score™
4.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
39.4x P/Sales
ratio
2.0x
P/BV
ratio
2.4x Div.
yield
0.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X MSCI China Consumer Discretionary ETF seeks to invest in large- and mid-capitalization segments of the MSCI China Index that are classified in the Consumer Discretionary 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) $602
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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 75
Wgt avg mkt cap (mns) $100,516
Large cap (>$10bn) 83.7%
Mid cap ($2-10bn) 7.7%
Small cap (<$2bn) 0.0%
Developed mkts 28.4%
Emerging mkts 71.6%

TOP TEN HOLDINGS
MEITUAN DIANPING 10.5 %
ALIBABA GROUP HOLDING LTD. SPONSOR 8.0 %
NIO INC. SPONSORED ADR CLASS A 7.3 %
JD.COM INC-ADR 7.3 %
PINDUODUO, INC. SPONSORED ADR CLAS 5.9 %
GEELY AUTOMOBILE HOLDINGS LT 3.7 %
NEW ORIENTAL EDUCATIO-SP ADR 3.2 %
YUM CHINA HOLDINGS, INC. 3.0 %
BYD CO LTD-H 3.0 %
TAL EDUCATION GROUP UNSPONSORED AD 3.0 %
Total 54.9 %

TOP COUNTRY EXPOSURE
CHINA 90.4 %
HONG KONG 9.4 %
BRITISH VIRGIN ISLANDS 0.1 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
92.6% 92.6% 25.5% 8.7% 8.8%

Market Correlations
versus... Beta R-squared
S&P500 0.98 47%
MSCI EAFE 0.99 47%
MSCI Emg. Mkts. 0.97 58%

Technical Indicators
Recent close $39.60
30d moving avg. $35.36
Annualized volatility 27.0%
Short interest (ETF) 0.5%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 498
Turnover 3.3%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $35,434

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the Global X MSCI China Consumer ETF ETF based on the alternatives' overlap in portfolio holdings with CHIQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CHIQ Expense: 65 bp ALTAR Score™: 4.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CHIQ
Ticker Fund
Name
Overlap1
vs CHIQ
(%)
Expense
ratio
(bp)
Savings
vs CHIQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs CHIQ
(%)
DFAE Dimensional Emerging Core Equity Market ETF 79.7 35 30 6.9 +2.3
KWEB KraneShares CSI China Internet ETF 40.1 76 -11 2.2 -2.4
CHIL Global X MSCI China Large-Cap 50 ETF 36.5 29 36 6.1 +1.5
EWEB Global X Emerging Markets Internet & E-commerce ETF 34.5 65 0 2.5 -2.1
PGJ Invesco Golden Dragon China ETF 33.1 70 -5 3.7 -0.9
ECON Columbia Emerging Markets Consumer ETF 31.6 59 6 4.7 +0.1
KESG KraneShares MSCI China ESG Leaders Index ETF 30.7 59 6 8.1 +3.5
FNI First Trust Chindia ETF 30.4 60 5 2.4 -2.3
MCHI iShares MSCI China ETF 29.1 59 6 6.4 +1.8
FDNI First Trust Dow Jones International Internet ETF 28.7 65 0 1.9 -2.7
KALL KraneShares MSCI All China Index ETF 28.1 49 16 6.8 +2.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 28.0 86 -21 2.1 -2.5
GXC SPDR S&P China ETF 27.5 59 6 6.5 +1.9
FLCH Franklin FTSE China ETF 27.2 19 46 6.9 +2.3
EEMO Invesco S&P Emerging Markets Momentum ETF 27.2 29 36 3.3 -1.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 24.9 32 33 5.4 +0.8
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 23.8 30 35 4.0 -0.6
BKF iShares MSCI BRIC ETF 23.0 70 -5 6.1 +1.5
DINT Davis Select International ETF 21.6 68 -3 5.3 +0.7
CN Xtrackers MSCI All China Equity ETF 21.6 50 15 6.9 +2.3
EBIZ Global X E-Commerce ETF 19.4 50 15 2.5 -2.1
FXI iShares China Large-Cap ETF 18.5 74 -9 10.4 +5.8
GMF SPDR S&P Emerging Asia Pacific ETF 18.2 49 16 5.9 +1.3
DWLD Davis Select Worldwide ETF 17.4 63 2 5.6 +1.0
EEMA iShares MSCI Emerging Markets Asia ETF 16.4 50 15 6.3 +1.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 16.0 68 -3 5.6 +1.0
EMXF iShares ESG Advanced MSCI EM ETF 15.7 16 49 7.1 +2.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 15.7 30 35 6.3 +1.7
PBEE Invesco PureBeta FTSE Emerging Markets ETF 15.0 15 50 7.2 +2.6
SCHE Schwab Emerging Markets Equity ETF 15.0 11 54 6.7 +2.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 14.8 20 45 5.4 +0.8
ESGE iShares ESG Aware MSCI EM ETF 14.5 25 40 6.9 +2.3
KBUY KraneShares CICC China Consumer Leaders Index ETF 14.5 69 -4 3.7 -0.9
EMGF iShares MSCI Emerging Markets Multifactor ETF 14.4 45 20 8.5 +3.9
FLAX Franklin FTSE Asia Ex Japan ETF 14.4 19 46 6.2 +1.6
EEM iShares MSCI Emerging Markets ETF 14.3 70 -5 5.9 +1.3
ISEM Invesco RAFI Strategic Emerging Markets ETF 14.2 35 30 8.7 +4.1
KGRN KraneShares MSCI China Environment Index ETF 14.2 80 -15 5.9 +1.3
RESE WisdomTree Emerging Markets ESG Fund 14.2 32 33 6.6 +2.0
NUEM Nuveen ESG Emerging Markets Equity ETF 14.1 45 20 5.4 +0.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 14.0 65 0 5.9 +1.3
PIE Invesco DWA Emerging Markets Momentum ETF 13.9 90 -25 1.8 -2.8
SPEM SPDR Portfolio Emerging Markets ETF 13.8 11 54 6.5 +1.9
LDEM iShares ESG MSCI EM Leaders ETF 13.3 16 49 6.3 +1.7
EMMF WisdomTree Emerging Markets Multifactor Fund 13.3 48 17 8.0 +3.4
VWO Vanguard FTSE Emerging Markets ETF 13.2 10 55 6.9 +2.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 12.9 36 29 6.7 +2.1
IEMG iShares Core MSCI Emerging Markets ETF 12.8 11 54 6.5 +1.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 12.7 95 -30 7.0 +2.4
CARZ First Trust NASDAQ Global Auto Index Fund 12.5 70 -5 9.7 +5.1
XNTK SPDR NYSE Technology ETF 12.2 35 30 2.7 -1.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 12.1 45 20 6.3 +1.7
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 12.0 60 5 2.3 -2.3
OGIG O'Shares Global Internet Giants ETF 11.9 48 17 0.6 -4.0
FPXI First Trust International Equity Opportunities ETF 11.6 70 -5 3.7 -0.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 11.5 40 25 6.0 +1.4
PNQI Invesco NASDAQ Internet ETF 11.5 60 5 1.0 -3.6
BICK First Trust BICK Index Fund 11.3 64 1 3.2 -1.4
JHEM John Hancock Multifactor Emerging Markets ETF 10.7 49 16 7.3 +2.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 10.7 25 40 6.6 +2.0
AVEM Avantis Emerging Markets Equity ETF 10.5 33 32 7.2 +2.6
BUYZ Franklin Disruptive Commerce ETF 10.4 50 15 -0.3 -4.9
SMOG VanEck Vectors Low Carbon Energy ETF 10.3 62 3 1.9 -2.7
CQQQ Invesco China Technology ETF 9.8 70 -5 4.4 -0.2
AADR AdvisorShares Dorsey Wright ADR ETF 9.7 110 -45 3.5 -1.1
FDEM Fidelity Emerging Markets Multifactor ETF 9.6 45 20 7.7 +3.1
GLCN VanEck Vectors Ftse China A50 ETF 9.5 60 5 4.1 -0.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 9.4 32 33 5.0 +0.4
GIGE SoFi Gig Economy ETF 9.2 59 6 -0.2 -4.8
WUGI Esoterica NextG Economy ETF 9.1 75 -10 1.0 -3.6
ARKF ARK Fintech Innovation ETF 9.0 75 -10 0.2 -4.4
EKAR Innovation Shares NextGen Vehicles & Technology ETF 8.9 95 -30 4.9 +0.3
GENY Principal Millennials Index ETF 8.8 45 20 3.4 -1.2
XBUY Amplify International Online Retail ETF 8.8 69 -4 0.5 -4.1
BATT Amplify Advanced Battery Metals & Materials ETF 8.6 59 6 1.9 -2.7
EDUT Global X Education ETF 8.3 50 15 1.0 -3.6
FCA First Trust China AlphaDEX Fund 7.8 80 -15 12.6 +8.0
BKEM BNY Mellon Emerging Markets Equity ETF 7.8 11 54 6.6 +2.0
DUSA Davis Select U.S. Equity ETF 7.7 63 2 5.5 +0.9
FEM First Trust Emerging Markets AlphaDEX Fund 7.5 80 -15 10.3 +5.7
AIA iShares Asia 50 ETF 7.3 50 15 5.9 +1.3
ROAM Hartford Multifactor Emerging Markets ETF 7.1 44 21 11.4 +6.8
KBA KraneShares Bosera MSCI China A Share ETF 7.1 60 5 5.6 +1.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 7.0 49 16 7.5 +2.9
ASHX Xtrackers MSCI China A Inclusion Equity ETF 6.9 60 5 5.6 +1.0
BOUT Innovator IBD Breakout Opportunities ETF 6.9 84 -19 2.5 -2.1
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 6.8 60 5 0.2 -4.4
JIG JPMorgan International Growth ETF 6.7 55 10 2.5 -2.2
CNYA iShares MSCI China A ETF 6.7 60 5 5.6 +1.0
AIQ Global X Future Analytics Tech ETF 6.7 68 -3 3.4 -1.2
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 6.5 70 -5 2.5 -2.1
BNE Blue Horizon BNE ETF 6.4 87 -22 0.9 -3.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 6.3 30 35 7.5 +2.9
BFIT Global X Health & Wellness Thematic ETF 6.1 50 15 4.2 -0.4
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 6.1 45 20 11.9 +7.3
PXH Invesco FTSE RAFI Emerging Markets ETF 5.9 50 15 11.4 +6.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 5.9 16 49 5.9 +1.3

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

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.8 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.29 CATEGORY
AVERAGE
1.39
 
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.