Global X China Consumer ETF
ALTAR
Score™
7.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
24.0x P/Sales
ratio
1.2x
P/BV
ratio
1.5x 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) $272
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 69
Wgt avg mkt cap (mns) $100,475
Large cap (>$10bn) 75.1%
Mid cap ($2-10bn) 16.3%
Small cap (<$2bn) 0.0%
Developed mkts 25.9%
Emerging mkts 74.1%

TOP TEN HOLDINGS
MEITUAN DIANPING 8.7 %
ALIBABA GROUP HOLDING LTD. SPONSOR 8.5 %
JD.COM INC-ADR 8.4 %
TAL EDUCATION GROUP UNSPONSORED AD 4.8 %
NIO INC. SPONSORED ADR CLASS A 4.4 %
NEW ORIENTAL EDUCATIO-SP ADR 4.2 %
YUM CHINA HOLDINGS, INC. 3.9 %
PINDUODUO, INC. SPONSORED ADR CLAS 3.8 %
BYD CO LTD-H 3.6 %
SHENZHOU INTERNATIONAL GROUP 3.4 %
Total 53.9 %

TOP COUNTRY EXPOSURE
CHINA 86.8 %
HONG KONG 11.6 %
BRITISH VIRGIN ISLANDS 0.1 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
45.7% 65.6% 20.9% 5.9% 6.3%

Market Correlations
versus... Beta R-squared
S&P500 1.00 46%
MSCI EAFE 1.10 47%
MSCI Emg. Mkts. 0.95 55%

Technical Indicators
Recent close $26.32
30d moving avg. $26.52
Annualized volatility 25.9%
Short interest (ETF) 0.3%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 180
Turnover 1.7%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $2,910

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 7.6%


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
(%)
KWEB KraneShares CSI China Internet ETF 43.2 76 -11 2.0 -5.5
PGJ Invesco Golden Dragon China ETF 38.3 70 -5 3.4 -4.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 33.7 32 33 6.2 -1.4
FNI First Trust Chindia ETF 32.7 60 5 2.7 -4.9
CHIL Global X MSCI China Large-Cap 50 ETF 32.0 29 36 8.1 +0.5
ECON Columbia Emerging Markets Consumer ETF 31.5 59 6 4.7 -2.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 29.9 86 -21 2.3 -5.3
FDNI First Trust Dow Jones International Internet ETF 26.8 65 0 2.2 -5.3
MCHI iShares MSCI China ETF 25.0 59 6 8.2 +0.6
TTTN UP Fintech China-U.S. Internet Titans ETF 24.7 59 6 4.3 -3.3
DINT Davis Select International ETF 24.6 68 -3 6.2 -1.4
KALL KraneShares FTSE Emerging Markets Plus ETF 24.2 49 16 8.4 +0.8
FLCH Franklin FTSE China ETF 24.0 19 46 8.7 +1.1
GXC SPDR S&P China ETF 24.0 59 6 8.5 +0.9
BKF iShares MSCI BRIC ETF 20.7 69 -4 7.8 +0.2
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 20.1 18 47 5.6 -2.0
DWLD Davis Select Worldwide ETF 19.7 63 2 6.8 -0.8
CN Xtrackers MSCI All China Equity ETF 19.0 50 15 8.5 +0.9
EBIZ Global X E-Commerce ETF 18.6 50 15 2.7 -4.9
GBUY Goldman Sachs Motif New Age Consumer ETF 18.6 50 15 1.8 -5.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 17.4 32 33 6.1 -1.5
GMF SPDR S&P Emerging Asia Pacific ETF 17.1 49 16 7.6 +0.1
DVEM WisdomTree Emerging Markets Dividend Fund 16.3 32 33 7.5 -0.0
EEMA iShares MSCI Emerging Markets Asia ETF 16.2 50 15 7.9 +0.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 16.0 30 35 8.0 +0.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 16.0 68 -3 7.3 -0.2
SCHE Schwab Emerging Markets Equity ETF 15.8 11 54 8.2 +0.7
EMMF WisdomTree Emerging Markets Multifactor Fund 15.7 48 17 9.8 +2.2
FPXI First Trust International Equity Opportunities ETF 15.6 70 -5 3.3 -4.3
ESGE iShares ESG MSCI EM ETF 15.5 25 40 8.9 +1.4
PBEE Invesco PureBeta FTSE Emerging Markets ETF 15.4 15 50 9.0 +1.4
FLAX Franklin FTSE Asia Ex Japan ETF 15.4 19 46 8.0 +0.4
EEM iShares MSCI Emerging Markets ETF 14.9 68 -3 7.7 +0.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 14.8 65 0 7.7 +0.1
NUEM Nuveen ESG Emerging Markets Equity ETF 14.6 45 20 7.2 -0.4
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 14.6 60 5 4.5 -3.0
EEMO Invesco S&P Emerging Markets Momentum ETF 14.5 29 36 6.6 -1.0
ISEM Invesco Strategic Emerging Markets ETF 14.3 35 30 11.2 +3.7
VWO Vanguard FTSE Emerging Markets ETF 14.2 10 55 8.3 +0.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 13.8 36 29 7.8 +0.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 13.6 45 20 9.3 +1.8
IEMG iShares Core MSCI Emerging Markets ETF 13.4 13 52 8.2 +0.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 13.3 45 20 7.8 +0.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 13.3 20 45 7.0 -0.5
EDUT Global X Education ETF 13.3 50 15 1.2 -6.4
PIE Invesco DWA Emerging Markets Momentum ETF 13.2 90 -25 5.1 -2.5
SPEM SPDR Portfolio Emerging Markets ETF 12.9 11 54 8.2 +0.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 12.7 95 -30 8.5 +0.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 12.7 40 25 7.5 -0.1
PNQI Invesco NASDAQ Internet ETF 12.4 60 5 1.0 -6.5
IPOS Renaissance International IPO ETF 12.2 80 -15 4.7 -2.8
OGIG O'Shares Global Internet Giants ETF 11.7 48 17 0.8 -6.8
FXI iShares China Large-Cap ETF 11.3 74 -9 14.3 +6.7
GIGE SoFi Gig Economy ETF 11.1 59 6 -0.7 -8.2
CARZ First Trust NASDAQ Global Auto Index Fund 11.1 70 -5 12.6 +5.1
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 10.9 25 40 8.1 +0.6
BUYZ Franklin Disruptive Commerce ETF 10.6 50 15 -0.2 -7.7
AVEM Avantis Emerging Markets Equity ETF 10.2 33 32 9.3 +1.7
XBUY Amplify International Online Retail ETF 9.8 69 -4 -0.5 -8.1
BICK First Trust BICK Index Fund 9.5 64 1 4.7 -2.9
WUGI Esoterica NextG Economy ETF 9.2 75 -10 1.6 -6.0
JHEM John Hancock Multifactor Emerging Markets ETF 9.1 49 16 8.9 +1.4
GENY Principal Millennials Index ETF 9.0 45 20 4.2 -3.4
FDEM Fidelity Targeted Emerging Markets Factor ETF 8.9 45 20 8.9 +1.3
KGRN KraneShares MSCI China Environment Index ETF 8.8 80 -15 8.9 +1.3
PEK VanEck Vectors ChinaAMC CSI 300 ETF 8.8 60 5 7.3 -0.2
CQQQ Invesco China Technology ETF 8.7 70 -5 4.1 -3.5
EKAR Innovation Shares NextGen Vehicles & Technology ETF 8.6 95 -30 7.3 -0.3
AADR AdvisorShares Dorsey Wright ADR ETF 8.6 110 -45 3.0 -4.6
IPO Renaissance IPO ETF 8.4 60 5 14.9 +7.3
CCON Direxion Connected Consumer ETF 8.4 45 20 1.4 -6.1
ARKF ARK Fintech Innovation ETF 8.4 75 -10 0.7 -6.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 7.9 49 16 8.1 +0.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 7.8 30 35 9.0 +1.5
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 7.6 50 15 3.7 -3.8
FCA First Trust China AlphaDEX Fund 7.6 80 -15 15.4 +7.8
DUSA Davis Select U.S. Equity ETF 7.3 63 2 6.3 -1.3
XNTK SPDR NYSE Technology ETF 7.1 35 30 4.1 -3.5
BKEM BNY Mellon Emerging Markets Equity ETF 7.1 11 54 8.7 +1.1
BFIT Global X Health & Wellness Thematic ETF 7.0 50 15 4.8 -2.8
AIQ Global X Future Analytics Tech ETF 6.7 68 -3 4.2 -3.4
ASHX Xtrackers MSCI China A Inclusion Equity ETF 6.2 60 5 6.9 -0.6
KBA KraneShares Bosera MSCI China A Share ETF 6.2 60 5 6.9 -0.7
CNYA iShares MSCI China A ETF 6.2 60 5 6.8 -0.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 6.0 16 49 7.0 -0.6
PXH Invesco FTSE RAFI Emerging Markets ETF 5.8 50 15 14.1 +6.5
ROAM Hartford Multifactor Emerging Markets ETF 5.8 44 21 13.6 +6.0
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 5.5 65 0 7.2 -0.3
IBUY Amplify Online Retail ETF 5.4 65 0 -1.2 -8.8
AIA iShares Asia 50 ETF 5.2 50 15 8.3 +0.7
JOYY Infusive Compounding Global Equities ETF 5.1 50 15 6.2 -1.4
VSGX Vanguard ESG International Stock ETF 5.0 17 48 7.2 -0.4
FEM First Trust Emerging Markets AlphaDEX Fund 4.8 80 -15 14.4 +6.9
RTH VanEck Vectors Retail ETF 4.7 35 30 5.0 -2.5
BLOK Amplify Transformational Data Sharing ETF 4.7 70 -5 4.5 -3.1
SKYY First Trust Cloud Computing ETF 4.5 60 5 2.3 -5.3
GVIP Goldman Sachs Hedge Industry VIP ETF 4.5 45 20 4.0 -3.6
ACWX iShares MSCI ACWI ex U.S. ETF 4.4 32 33 7.4 -0.2
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 4.4 60 5 0.3 -7.3

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 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 11.4 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.29 CATEGORY
AVERAGE
1.44
 
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.