Global X China Consumer ETF
ALTAR
Score™
7.2% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
25.5x P/Sales
ratio
1.2x
P/BV
ratio
1.4x Div.
yield
0.7%


  • 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) $180
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 68
Wgt avg mkt cap (mns) $79,599
Large cap (>$10bn) 76.3%
Mid cap ($2-10bn) 19.0%
Small cap (<$2bn) 1.0%
Developed mkts 30.7%
Emerging mkts 69.3%

TOP TEN HOLDINGS
MEITUAN DIANPING 11.5 %
JD.COM INC-ADR 8.8 %
ALIBABA GROUP HOLDING LTD. SPONSOR 7.8 %
TAL EDUCATION GROUP UNSPONSORED AD 5.8 %
PINDUODUO, INC. SPONSORED ADR CLAS 5.6 %
NEW ORIENTAL EDUCATIO-SP ADR 4.4 %
NIO INC. SPONSORED ADR CLASS A 4.1 %
YUM CHINA HOLDINGS, INC. 4.0 %
VIPSHOP HOLDINGS LTD SPONSORED ADR 3.5 %
GEELY AUTOMOBILE HOLDINGS LT 3.3 %
Total 58.9 %

TOP COUNTRY EXPOSURE
CHINA 87.3 %
HONG KONG 11.2 %
BRITISH VIRGIN ISLANDS 0.1 %








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.
13.0% 29.7% 9.7% 4.2% 3.9%

Market Correlations
versus... Beta R-squared
S&P500 0.92 42%
MSCI EAFE 1.04 47%
MSCI Emg. Mkts. 0.89 54%

Technical Indicators
Recent close $23.49
30d moving avg. $20.32
Annualized volatility 24.1%
Short interest (ETF) 0.4%
Relative strength (RSI) 77

Liquidity measures
Avg. volume (thou.) 66
Turnover 0.9%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $17,060

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Global X 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™: 7.2%


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
(%)
KWEB KraneShares CSI China Internet ETF 42.7 76 -11 1.7 -5.5
PGJ Invesco Golden Dragon China ETF 39.2 70 -5 3.1 -4.1
FNI First Trust Chindia ETF 32.0 60 5 2.7 -4.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 30.9 32 33 6.0 -1.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 28.3 86 -21 2.1 -5.1
ECON Columbia Emerging Markets Consumer ETF 27.8 59 6 4.4 -2.8
DINT Davis Select International ETF 26.8 68 -3 5.7 -1.6
CHIL Global X MSCI China Large-Cap 50 ETF 26.7 29 36 7.9 +0.7
FDNI First Trust Dow Jones International Internet ETF 25.9 65 0 2.2 -5.0
TTTN UP Fintech China-U.S. Internet Titans ETF 23.0 59 6 4.1 -3.1
MCHI iShares MSCI China ETF 22.4 59 6 7.5 +0.2
GXC SPDR S&P China ETF 21.7 59 6 7.7 +0.5
FLCH Franklin FTSE China ETF 21.7 19 46 7.9 +0.7
KALL KraneShares FTSE Emerging Markets Plus ETF 20.6 49 16 7.8 +0.5
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 20.1 18 47 5.6 -1.6
WCHN WisdomTree ICBCCS S&P China 500 Fund 19.5 55 10 8.7 +1.4
DWLD Davis Select Worldwide ETF 18.5 63 2 6.4 -0.9
BKF iShares MSCI BRIC ETF 18.3 69 -4 7.3 +0.0
GBUY Goldman Sachs Motif New Age Consumer ETF 18.1 50 15 1.9 -5.4
CN Xtrackers MSCI All China Equity ETF 17.2 50 15 7.7 +0.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 15.7 32 33 6.1 -1.1
GMF SPDR S&P Emerging Asia Pacific ETF 15.1 49 16 7.2 -0.1
EBIZ Global X E-Commerce ETF 15.0 50 15 2.7 -4.6
FPXI First Trust International Equity Opportunities ETF 14.9 70 -5 3.2 -4.0
ONLN ProShares Online Retail ETF 14.7 58 7 1.3 -5.9
EEMA iShares MSCI Emerging Markets Asia ETF 14.6 50 15 7.5 +0.3
EEMO Invesco S&P Emerging Markets Momentum ETF 14.5 29 36 6.6 -0.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 14.4 68 -3 7.0 -0.3
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 14.4 80 -15 3.8 -3.4
IPOS Renaissance International IPO ETF 14.0 80 -15 4.9 -2.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 14.0 30 35 7.8 +0.6
SCHE Schwab Emerging Markets Equity ETF 13.6 11 54 7.8 +0.6
PBEE Invesco PureBeta FTSE Emerging Markets ETF 13.5 15 50 8.6 +1.4
FLAX Franklin FTSE Asia Ex Japan ETF 13.4 19 46 7.7 +0.4
ESGE iShares ESG MSCI EM ETF 13.4 25 40 8.6 +1.4
BKEM BNY Mellon Emerging Markets Equity ETF 13.2 11 54 8.4 +1.1
NUEM Nuveen ESG Emerging Markets Equity ETF 12.9 45 20 7.2 -0.0
EEM iShares MSCI Emerging Markets ETF 12.8 68 -3 7.4 +0.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 12.8 65 0 7.4 +0.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 12.2 45 20 9.1 +1.8
FXI iShares China Large-Cap ETF 12.0 74 -9 11.8 +4.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 12.0 36 29 8.1 +0.9
OGIG O'Shares Global Internet Giants ETF 12.0 48 17 0.7 -6.5
ISEM Invesco Strategic Emerging Markets ETF 11.9 35 30 10.0 +2.8
PNQI Invesco NASDAQ Internet ETF 11.8 62 3 1.1 -6.2
VWO Vanguard FTSE Emerging Markets ETF 11.8 10 55 8.0 +0.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 11.6 20 45 6.8 -0.4
IEMG iShares Core MSCI Emerging Markets ETF 11.6 13 52 7.9 +0.6
PIE Invesco DWA Emerging Markets Momentum ETF 11.5 90 -25 5.1 -2.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 11.5 95 -30 9.1 +1.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 11.2 45 20 7.9 +0.6
SPEM SPDR Portfolio Emerging Markets ETF 11.2 11 54 7.8 +0.5
DVEM WisdomTree Emerging Markets Dividend Fund 11.1 32 33 8.2 +1.0
EMCG WisdomTree Emerging Markets Consumer Growth Fund 11.0 32 33 7.5 +0.3
CARZ First Trust NASDAQ Global Auto Index Fund 10.6 70 -5 14.3 +7.1
GIGE SoFi Gig Economy ETF 10.5 59 6 -0.5 -7.7
BUYZ Franklin Disruptive Commerce ETF 10.1 50 15 -0.2 -7.4
ARKF ARK Fintech Innovation ETF 10.0 75 -10 0.5 -6.8
JOYY Infusive Compounding Global Equities ETF 9.8 50 15 3.7 -3.5
XBUY Amplify International Online Retail ETF 9.5 69 -4 -1.0 -8.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 9.5 40 25 7.1 -0.1
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 9.5 25 40 7.6 +0.3
CQQQ Invesco China Technology ETF 9.4 70 -5 3.7 -3.6
BICK First Trust BICK Index Fund 9.2 64 1 4.7 -2.6
IPO Renaissance IPO ETF 9.2 60 5 23.5 +16.3
GENY Principal Millennials Index ETF 8.7 45 20 3.7 -3.5
AADR AdvisorShares Dorsey Wright ADR ETF 8.6 110 -45 3.0 -4.2
AVEM Avantis Emerging Markets Equity ETF 8.6 33 32 8.9 +1.6
FCA First Trust China AlphaDEX Fund 8.4 80 -15 13.3 +6.1
PEK VanEck Vectors ChinaAMC CSI 300 ETF 8.0 60 5 7.0 -0.3
AIQ Global X Future Analytics Tech ETF 7.9 68 -3 3.8 -3.4
JHEM John Hancock Multifactor Emerging Markets ETF 7.8 49 16 8.3 +1.1
KGRN KraneShares MSCI China Environment Index ETF 7.5 80 -15 5.2 -2.1
EMMF WisdomTree Emerging Markets Multifactor Fund 7.2 48 17 9.3 +2.1
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 7.1 64 1 4.7 -2.6
DUSA Davis Select U.S. Equity ETF 7.0 63 2 5.6 -1.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 6.9 30 35 8.6 +1.4
IBUY Amplify Online Retail ETF 6.7 65 0 -1.5 -8.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 6.7 49 16 8.6 +1.4
EKAR Innovation Shares NextGen Vehicles & Technology ETF 6.7 95 -30 8.2 +1.0
FDEM Fidelity Targeted Emerging Markets Factor ETF 6.6 45 20 9.4 +2.2
XNTK SPDR NYSE Technology ETF 6.4 35 30 3.6 -3.7
BFIT Global X Health & Wellness Thematic ETF 6.4 50 15 4.9 -2.4
PLAT WisdomTree Modern Tech Platforms Fund 6.3 45 20 1.1 -6.1
ROAM Hartford Multifactor Emerging Markets ETF 6.2 44 21 14.4 +7.1
SDG iShares Sustainable MSCI Global Impact ETF 6.1 49 16 5.6 -1.6
ASHX Xtrackers MSCI China A Inclusion Equity ETF 5.9 60 5 6.6 -0.7
KBA KraneShares Bosera MSCI China A Share ETF 5.9 60 5 6.5 -0.7
CNYA iShares MSCI China A ETF 5.7 60 5 6.5 -0.7
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 5.4 50 15 3.9 -3.4
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 5.2 65 0 6.8 -0.4
FEM First Trust Emerging Markets AlphaDEX Fund 5.1 80 -15 10.9 +3.7
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 5.0 16 49 6.9 -0.3
PXH Invesco FTSE RAFI Emerging Markets ETF 4.6 50 15 12.8 +5.6
RTH VanEck Vectors Retail ETF 4.5 35 30 5.0 -2.3
BLOK Amplify Transformational Data Sharing ETF 4.4 70 -5 4.6 -2.6
GVIP Goldman Sachs Hedge Industry VIP ETF 4.2 45 20 4.6 -2.6
AIA iShares Asia 50 ETF 4.2 50 15 7.9 +0.7
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 4.2 45 20 13.2 +6.0
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 4.1 60 5 0.3 -6.9

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 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 10.8 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.30 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.