Global X China Consumer ETF
ALTAR
Score™
12.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
13.8x P/Sales
ratio
0.7x
P/BV
ratio
0.9x Div.
yield
1.3%


  • 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) $128
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 67
Wgt avg mkt cap (mns) $66,258
Large cap (>$10bn) 73.8%
Mid cap ($2-10bn) 20.9%
Small cap (<$2bn) 5.3%
Developed mkts 25.3%
Emerging mkts 74.7%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 9.3 %
JD.COM INC-ADR 8.6 %
TAL EDUCATION GROUP UNSPONSORED AD 6.7 %
YUM CHINA HOLDINGS, INC. 5.2 %
NEW ORIENTAL EDUCATIO-SP ADR 5.1 %
MEITUAN DIANPING 4.7 %
VIPSHOP HOLDINGS LTD SPONSORED ADR 4.1 %
CTRIP.COM INTERNATIONAL-ADR 3.9 %
PINDUODUO, INC. SPONSORED ADR CLAS 3.6 %
ANTA SPORTS PRODUCTS LTD 3.4 %
Total 54.5 %

TOP COUNTRY EXPOSURE
CHINA 82.4 %
HONG KONG 12.9 %
UNITED STATES 0.3 %
BRITISH VIRGIN ISLANDS 0.2 %







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.
-12.6% -2.0% 5.7% 0.9% 1.4%

Market Correlations
versus... Beta R-squared
S&P500 0.98 43%
MSCI EAFE 1.01 44%
MSCI Emg. Mkts. 0.92 54%

Technical Indicators
Recent close $15.56
30d moving avg. $16.95
Annualized volatility 22.8%
Short interest (ETF) 0.1%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 96
Turnover 1.2%
Bid/Ask (% of price) 0.83%
ADV underlying (mns) $12,395

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™: 12.0%


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
(%)
PGJ Invesco Golden Dragon China ETF 40.2 70 -5 4.5 -7.5
KWEB KraneShares CSI China Internet ETF 37.6 76 -11 4.5 -7.5
FNI First Trust Chindia ETF 34.6 59 6 4.7 -7.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 28.5 32 33 8.3 -3.7
DINT Davis Select International ETF 27.1 75 -10 8.0 -4.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 26.4 86 -21 3.5 -8.5
ECON Columbia Emerging Markets Consumer ETF 25.4 59 6 5.9 -6.1
TTTN UP Fintech China-U.S. Internet Titans ETF 24.0 59 6 6.5 -5.5
FDNI First Trust Dow Jones International Internet ETF 23.9 65 0 4.2 -7.8
CHIL Global X MSCI China Large-Cap 50 ETF 22.2 29 36 10.8 -1.2
KALL KraneShares FTSE Emerging Markets Plus ETF 20.3 49 16 10.3 -1.7
DWLD Davis Select Worldwide ETF 20.2 64 1 8.9 -3.1
GXC SPDR S&P China ETF 20.0 59 6 10.3 -1.7
FLCH Franklin FTSE China ETF 19.6 19 46 10.6 -1.4
ONLN ProShares Online Retail ETF 19.1 58 7 3.0 -9.0
MCHI iShares MSCI China ETF 19.0 59 6 10.5 -1.5
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 18.8 18 47 7.6 -4.4
EBIZ Global X E-Commerce ETF 18.2 50 15 5.0 -7.0
WCHN WisdomTree ICBCCS S&P China 500 Fund 17.8 55 10 10.0 -2.0
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 16.9 80 -15 2.3 -9.7
GBUY Goldman Sachs Motif New Age Consumer ETF 16.7 50 15 3.7 -8.2
BKF iShares MSCI BRIC ETF 16.6 69 -4 10.4 -1.6
PNQI Invesco NASDAQ Internet ETF 15.8 62 3 3.2 -8.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 15.4 32 33 8.7 -3.3
CN Xtrackers MSCI All China Equity ETF 15.4 50 15 10.6 -1.4
ISEM Invesco Strategic Emerging Markets ETF 14.5 35 30 12.2 +0.2
PIE Invesco DWA Emerging Markets Momentum ETF 14.3 90 -25 7.1 -4.9
GMF SPDR S&P Emerging Asia Pacific ETF 13.8 49 16 9.7 -2.3
EEMA iShares MSCI Emerging Markets Asia ETF 13.0 50 15 10.3 -1.7
XBUY Amplify International Online Retail ETF 12.8 69 -4 -0.5 -12.5
SCHE Schwab Emerging Markets Equity ETF 12.6 13 52 10.7 -1.3
FLAX Franklin FTSE Asia Ex Japan ETF 12.3 19 46 10.3 -1.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 12.2 30 35 10.6 -1.4
PBEE Invesco PureBeta FTSE Emerging Markets ETF 12.1 14 51 11.7 -0.3
BUYZ Franklin Disruptive Commerce ETF 12.1 50 15 0.3 -11.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 12.1 68 -3 9.8 -2.2
GENY Principal Millennials Index ETF 11.9 45 20 6.4 -5.6
DVEM WisdomTree Emerging Markets Dividend Fund 11.8 32 33 11.3 -0.7
ESGE iShares ESG MSCI EM ETF 11.8 25 40 11.9 -0.1
BICK First Trust BICK Index Fund 11.6 64 1 6.6 -5.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 11.5 20 45 9.4 -2.6
OGIG O'Shares Global Internet Giants ETF 11.2 48 17 1.1 -10.9
NUEM Nuveen ESG Emerging Markets Equity ETF 11.1 45 20 9.6 -2.4
VWO Vanguard FTSE Emerging Markets ETF 11.1 10 55 10.8 -1.2
FPXI First Trust International Equity Opportunities ETF 11.1 70 -5 4.1 -7.9
EEM iShares MSCI Emerging Markets ETF 10.9 68 -3 10.4 -1.6
SPEM SPDR Portfolio Emerging Markets ETF 10.6 11 54 10.5 -1.5
ARKF ARK Fintech Innovation ETF 10.5 75 -10 2.0 -10.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 10.4 65 0 10.3 -1.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 10.3 95 -30 12.7 +0.7
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 9.9 45 20 12.2 +0.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 9.9 45 20 10.7 -1.3
IEMG iShares Core MSCI Emerging Markets ETF 9.9 14 51 10.9 -1.1
JOYY Infusive Compounding Global Equities ETF 9.7 50 15 5.2 -6.8
EMCG WisdomTree Emerging Markets Consumer Growth Fund 9.5 32 33 9.5 -2.5
CARZ First Trust NASDAQ Global Auto Index Fund 9.4 70 -5 20.9 +8.9
GIGE SoFi Gig Economy ETF 9.0 59 6 -0.7 -12.7
FXI iShares China Large-Cap ETF 7.9 74 -9 15.1 +3.1
IBUY Amplify Online Retail ETF 7.8 65 0 -1.2 -13.2
FCA First Trust China AlphaDEX Fund 7.5 80 -15 17.4 +5.4
JHEM John Hancock Multifactor Emerging Markets ETF 7.5 55 10 11.3 -0.7
DUSA Davis Select U.S. Equity ETF 7.0 63 2 7.9 -4.1
AVEM Avantis Emerging Markets Equity ETF 7.0 33 32 12.1 +0.1
FEM First Trust Emerging Markets AlphaDEX Fund 6.9 80 -15 15.1 +3.1
AIQ Global X Future Analytics Tech ETF 6.7 68 -3 6.0 -6.0
BFIT Global X Health & Wellness Thematic ETF 6.7 50 15 6.8 -5.2
XNTK SPDR Morgan Stanley Technology ETF 6.6 35 30 5.5 -6.5
AADR WCM/BNY Mellon Focused Growth ADR ETF 6.5 110 -45 5.1 -6.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 6.5 40 25 9.3 -2.7
FDEM Fidelity Targeted Emerging Markets Factor ETF 6.3 45 20 12.1 +0.1
ROAM Hartford Multifactor Emerging Markets ETF 6.1 44 21 18.5 +6.5
EKAR Innovation Shares NextGen Vehicles & Technology ETF 5.8 65 0 13.2 +1.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 5.5 59 6 13.5 +1.5
CNYA iShares MSCI China A ETF 5.4 65 0 8.9 -3.1
ASHX Xtrackers MSCI China A Inclusion Equity ETF 5.4 60 5 8.9 -3.1
KBA KraneShares Bosera MSCI China A Share ETF 5.3 60 5 9.0 -3.0
PEK VanEck Vectors ChinaAMC CSI 300 ETF 5.3 60 5 9.6 -2.4
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 5.2 65 0 9.5 -2.5
EMMF WisdomTree Emerging Markets Multifactor Fund 5.1 48 17 12.3 +0.3
GVIP Goldman Sachs Hedge Industry VIP ETF 5.1 45 20 6.8 -5.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 5.0 30 35 11.3 -0.7
FFTY Innovator IBD 50 ETF 4.9 80 -15 5.5 -6.5
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 4.9 64 1 8.1 -3.9
GURU Global X Guru Index ETF 4.7 75 -10 5.6 -6.4
PLAT WisdomTree Modern Tech Platforms Fund 4.7 45 20 2.4 -9.6
IPOS Renaissance International IPO ETF 4.7 80 -15 5.6 -6.4
CQQQ Invesco China Technology ETF 4.7 70 -5 5.3 -6.7
KGRN KraneShares MSCI China Environment Index ETF 4.7 80 -15 10.1 -1.9
BLCN Reality Shares Nasdaq NextGen Economy ETF 4.4 68 -3 6.3 -5.7
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 4.4 25 40 10.1 -1.9
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 4.3 16 49 8.9 -3.1
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 4.3 52 13 7.0 -5.0
PXH Invesco FTSE RAFI Emerging Markets ETF 4.3 50 15 16.4 +4.4
RTH VanEck Vectors Retail ETF 4.2 35 30 6.5 -5.5
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 4.0 45 20 16.7 +4.8
SKYY First Trust Cloud Computing ETF 3.9 60 5 3.0 -8.9
AWAY ETFMG Travel Tech ETF 3.9 75 -10 -1.0 -13.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 3.9 70 -5 9.0 -3.0
BLOK Amplify Transformational Data Sharing ETF 3.9 70 -5 5.0 -7.0
IPO Renaissance IPO ETF 3.7 60 5 -12.8 -24.8

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:

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 10.5 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 12.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.31 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.