Global X MSCI China Consumer Staples ETF
ALTAR
Score™
3.5% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
25.9x P/Sales
ratio
2.8x
P/BV
ratio
3.7x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X MSCI China Consumer Staples ETF seeks to invest in large-, mid- and small-capitalization segments of the MSCI China IMI Index that are classified in the Consumer Staples Sector as per the Global Industry Classification System.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Global X
Website www.globalxfunds.com
Inception date Dec 07, 2018
Assets (mns) $8
Currency USD
Expense ratio 67 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 52
Wgt avg mkt cap (mns) $42,004
Large cap (>$10bn) 72.9%
Mid cap ($2-10bn) 27.1%
Small cap (<$2bn) 0.0%
Developed mkts 33.8%
Emerging mkts 66.2%

TOP TEN HOLDINGS
KWEICHOW MOUTAI CO LTD-A 9.3 %
CHINA RESOURCES ENTERPRISE 9.2 %
CHINA MENGNIU DAIRY CO 8.8 %
WULIANGYE YIBIN CO LTD-A 6.4 %
YIHAI INTERNATIONAL HOLDING LTD. 5.9 %
HENGAN INTL GROUP CO LTD 5.7 %
WANT WANT CHINA HOLDINGS LTD 4.4 %
SUN ART RETAIL GROUP LTD 4.2 %
TSINGTAO BREWERY CO LTD-H 3.8 %
FOSHAN HAITIAN FLAVOURING AND FOOD 3.4 %
Total 61.0 %

TOP COUNTRY EXPOSURE
CHINA 71.3 %
HONG KONG 23.3 %









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.
14.6% 26.5% -- -- 44.7%

Market Correlations
versus... Beta R-squared
S&P500 0.30 9%
MSCI EAFE 0.32 10%
MSCI Emg. Mkts. 0.37 21%

Technical Indicators
Recent close $26.18
30d moving avg. $24.06
Annualized volatility 19.6%
Short interest (ETF) 0.2%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 6
Turnover 2.0%
Bid/Ask (% of price) 0.78%
ADV underlying (mns) $4,172

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: CHIS Expense: 67 bp ALTAR Score™: 3.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CHIS
Ticker Fund
Name
Overlap1
vs CHIS
(%)
Expense
ratio
(bp)
Savings
vs CHIS
(bp)
ALTAR
Score™
(%)
ALTAR
vs CHIS
(%)
AFTY Pacer CSOP FTSE China A50 ETF 19.9 70 -3 10.0 +6.5
PEK VanEck Vectors ChinaAMC CSI 300 ETF 19.2 60 7 7.5 +4.1
KBA KraneShares Bosera MSCI China A Share ETF 16.6 60 7 7.3 +3.8
ASHX Xtrackers MSCI China A Inclusion Equity ETF 16.6 60 7 7.3 +3.8
CNYA iShares MSCI China A ETF 16.4 60 7 7.3 +3.8
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 14.1 65 2 7.7 +4.2
KFYP KraneShares CICC China Leaders 100 Index ETF 11.6 70 -3 13.7 +10.2
CHIL Global X MSCI China Large-Cap 50 ETF 10.8 29 38 8.5 +5.0
WCHN WisdomTree ICBCCS S&P China 500 Fund 9.0 55 12 8.7 +5.2
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF 8.0 65 2 3.6 +0.2
KALL KraneShares FTSE Emerging Markets Plus ETF 7.4 49 18 8.5 +5.0
EMCG WisdomTree Emerging Markets Consumer Growth Fund 5.6 32 35 7.5 +4.0
CXSE WisdomTree China ex-State-Owned Enterprises Fund 5.0 32 35 6.3 +2.9
GXC SPDR S&P China ETF 4.6 59 8 8.3 +4.9
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 4.4 65 2 4.9 +1.4
FLHK Franklin FTSE Hong Kong ETF 4.3 9 58 8.2 +4.7
FHK First Trust Hong Kong AlphaDEX Fund 4.2 80 -13 9.7 +6.2
EDIV SPDR S&P Emerging Markets Dividend ETF 4.1 49 18 11.1 +7.6
MCHI iShares MSCI China ETF 3.9 59 8 8.0 +4.6
PIE Invesco DWA Emerging Markets Momentum ETF 3.8 90 -23 5.4 +1.9
ECON Columbia Emerging Markets Consumer ETF 3.4 59 8 4.6 +1.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 3.3 30 37 9.0 +5.5
FLCH Franklin FTSE China ETF 3.2 19 48 8.5 +5.0
VEGI iShares MSCI Global Agriculture Producers ETF 3.0 39 28 6.1 +2.6
BKF iShares MSCI BRIC ETF 2.9 69 -2 7.7 +4.3
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 2.7 25 42 7.8 +4.4
FPXI First Trust International Equity Opportunities ETF 2.7 70 -3 3.3 -0.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 2.6 45 22 9.5 +6.0
EMMF WisdomTree Emerging Markets Multifactor Fund 2.5 48 19 9.8 +6.3
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 2.5 64 3 4.8 +1.4
GMF SPDR S&P Emerging Asia Pacific ETF 2.4 49 18 7.6 +4.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.3 32 35 9.2 +5.8
IMOM Alpha Architect International Quantitative Momentum ETF 2.3 59 8 3.4 -0.0
JOYY Infusive Compounding Global Equities ETF 2.3 50 17 3.8 +0.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.2 44 23 9.1 +5.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 2.1 29 38 9.9 +6.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.1 45 22 8.2 +4.7
MOO VanEck Vectors Agribusiness ETF 2.0 56 11 5.5 +2.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 2.0 40 27 7.3 +3.9
EEMA iShares MSCI Emerging Markets Asia ETF 1.9 50 17 7.9 +4.4
FLAX Franklin FTSE Asia Ex Japan ETF 1.9 19 48 8.0 +4.6
FID First Trust S&P International Dividend Aristocrats ETF 1.9 60 7 9.8 +6.4
SPEM SPDR Portfolio Emerging Markets ETF 1.8 11 56 8.1 +4.6
AVEM Avantis Emerging Markets Equity ETF 1.8 33 34 9.2 +5.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.8 68 -1 7.4 +3.9
DVEM WisdomTree Emerging Markets Dividend Fund 1.8 32 35 8.5 +5.0
FDEM Fidelity Targeted Emerging Markets Factor ETF 1.8 45 22 9.7 +6.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.8 30 37 8.1 +4.7
NUEM Nuveen ESG Emerging Markets Equity ETF 1.7 45 22 7.6 +4.1
IPOS Renaissance International IPO ETF 1.7 80 -13 5.2 +1.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.6 65 2 7.7 +4.3
EEM iShares MSCI Emerging Markets ETF 1.6 68 -1 7.7 +4.3
CN Xtrackers MSCI All China Equity ETF 1.5 50 17 8.3 +4.9
WDIV SPDR Global Dividend ETF 1.5 40 27 9.9 +6.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.5 36 31 8.5 +5.0
IEMG iShares Core MSCI Emerging Markets ETF 1.5 13 54 8.2 +4.8
SCHE Schwab Emerging Markets Equity ETF 1.4 11 56 8.2 +4.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.4 95 -28 9.6 +6.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.4 49 18 8.9 +5.4
PBEE Invesco PureBeta FTSE Emerging Markets ETF 1.3 15 52 9.0 +5.5
JHEM John Hancock Multifactor Emerging Markets ETF 1.3 49 18 8.7 +5.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.3 32 35 6.4 +2.9
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 1.1 80 -13 8.1 +4.7
VWO Vanguard FTSE Emerging Markets ETF 1.1 10 57 8.4 +4.9
FEM First Trust Emerging Markets AlphaDEX Fund 1.1 80 -13 11.4 +7.9
DWCR Arrow DWA Country Rotation ETF 1.0 95 -28 17.3 +13.8
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 1.0 50 17 10.4 +6.9
AXJL WisdomTree Asia Pacific ex-Japan Fund 0.9 48 19 9.7 +6.2
GUNR Flexshares Morningstar Global Upstream Natural Resources 0.9 46 21 5.8 +2.4
BKEM BNY Mellon Emerging Markets Equity ETF 0.9 11 56 8.7 +5.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.8 59 8 11.4 +7.9
DEM WisdomTree Emerging Markets High Dividend Fund 0.8 63 4 14.1 +10.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.8 47 20 12.8 +9.4
SDG iShares Sustainable MSCI Global Impact ETF 0.7 49 18 5.9 +2.4
CWI SPDR MSCI ACWI ex-US ETF 0.7 30 37 7.3 +3.8
VIDI Vident International Equity Fund 0.6 59 8 11.5 +8.0
EEMO Invesco S&P Emerging Markets Momentum ETF 0.6 29 38 6.9 +3.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.6 20 47 7.1 +3.6
IQDF FlexShares International Quality Dividend Index Fund 0.6 47 20 12.4 +8.9
ESGE iShares ESG MSCI EM ETF 0.6 25 42 9.0 +5.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.5 32 35 7.4 +3.9
IDLB Invesco FTSE International Low Beta Equal Weight ETF 0.5 45 22 7.3 +3.8
JPIN JPMorgan Diversified Return International Equity ETF 0.5 37 30 8.1 +4.6
ZHOK SPDR Solactive Hong Kong ETF 0.5 14 53 6.9 +3.4
ROAM Hartford Multifactor Emerging Markets ETF 0.5 44 23 15.0 +11.5
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 0.5 45 22 13.8 +10.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.5 40 27 7.1 +3.6
GCOW Pacer Global High Dividend ETF 0.5 60 7 10.4 +6.9
ACWF iShares FactorSelect MSCI Global ETF 0.5 35 32 8.1 +4.6
IXUS ishares Core MSCI Total International Stock ETF 0.4 9 58 7.5 +4.1
ISEM Invesco Strategic Emerging Markets ETF 0.4 35 32 10.7 +7.2
GRES IQ Global Resources ETF 0.4 77 -10 7.6 +4.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 18 6.8 +3.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 28 7.5 +4.0
VPL Vanguard FTSE Pacific ETF 0.3 8 59 7.8 +4.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 8 59 7.7 +4.2
JPGE JPMorgan Diversified Return Global Equity ETF 0.3 29 38 7.5 +4.0
TPIF Timothy Plan International ETF 0.3 62 5 6.4 +2.9
DIM WisdomTree International MidCap Dividend Fund 0.3 58 9 7.8 +4.4
FDT First Trust Developed Markets ex-US Alphadex Fund 0.3 80 -13 7.7 +4.2

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

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.8 %
Divided by: Fwd. P/BV 3.6 x
Less: Expense ratio 67 bp
Equals: ALTAR Score 3.5 %
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.