Global X China Financials ETF
ALTAR
Score™
21.0% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
5.7x P/Sales
ratio
1.0x
P/BV
ratio
0.6x Div.
yield
5.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X MSCI China Financials ETF seeks to invest in large- and mid-capitalization segments of the MSCI China Index that are classified in the Financials 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 11, 2009
Assets (mns) $32
Currency USD
Expense ratio 66 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 98
Wgt avg mkt cap (mns) $82,202
Large cap (>$10bn) 80.4%
Mid cap ($2-10bn) 17.0%
Small cap (<$2bn) 0.7%
Developed mkts 9.9%
Emerging mkts 90.1%

TOP TEN HOLDINGS
PING AN INSURANCE GROUP CO-H 9.5 %
CHINA CONSTRUCTION BANK-H 8.6 %
IND & COMM BK OF CHINA - H 8.5 %
BANK OF CHINA LTD - H 7.5 %
CHINA MERCHANTS BANK - H 6.0 %
CHINA LIFE INSURANCE CO-H 4.6 %
AGRICULTURAL BANK OF CHINA-H 3.0 %
CHINA PACIFIC INSURANCE GR-H 2.7 %
CHINA MERCHANTS BANK -A 2.0 %
CITIC SECURITIES CO LTD-H 1.9 %
Total 54.3 %

TOP COUNTRY EXPOSURE
CHINA 97.9 %
HONG KONG 3.3 %









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.
-10.7% 1.5% 5.1% 3.5% 2.5%

Market Correlations
versus... Beta R-squared
S&P500 0.71 35%
MSCI EAFE 0.84 41%
MSCI Emg. Mkts. 0.80 60%

Technical Indicators
Recent close $13.71
30d moving avg. $14.60
Annualized volatility 20.9%
Short interest (ETF) 0.4%
Relative strength (RSI) 34

Liquidity measures
Avg. volume (thou.) 13
Turnover 0.6%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $2,487

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Global X China Financials ETF ETF based on the alternatives' overlap in portfolio holdings with CHIX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CHIX Expense: 66 bp ALTAR Score™: 21.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CHIX
Ticker Fund
Name
Overlap1
vs CHIX
(%)
Expense
ratio
(bp)
Savings
vs CHIX
(bp)
ALTAR
Score™
(%)
ALTAR
vs CHIX
(%)
FXI iShares China Large-Cap ETF 34.8 74 -8 14.3 -6.8
CNYA iShares MSCI China A ETF 18.0 60 6 6.8 -14.2
KBA KraneShares Bosera MSCI China A Share ETF 17.5 60 6 6.9 -14.2
ASHX Xtrackers MSCI China A Inclusion Equity ETF 17.5 60 6 6.9 -14.1
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 17.3 65 1 7.2 -13.8
CHIL Global X MSCI China Large-Cap 50 ETF 17.3 29 37 8.1 -13.0
KALL KraneShares FTSE Emerging Markets Plus ETF 16.4 49 17 8.4 -12.6
PXH Invesco FTSE RAFI Emerging Markets ETF 15.8 50 16 14.1 -7.0
FLCH Franklin FTSE China ETF 14.2 19 47 8.7 -12.3
GXC SPDR S&P China ETF 13.9 59 7 8.5 -12.6
MCHI iShares MSCI China ETF 13.6 59 7 8.2 -12.9
RNEM Emerging Markets Equity Select ETF 11.2 75 -9 12.4 -8.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 11.1 39 27 13.7 -7.4
AIA iShares Asia 50 ETF 10.1 50 16 8.3 -12.8
ISEM Invesco Strategic Emerging Markets ETF 9.9 35 31 11.2 -9.8
BKF iShares MSCI BRIC ETF 9.8 69 -3 7.8 -13.2
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 9.3 45 21 14.9 -6.1
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 8.8 51 15 15.1 -6.0
AFTY Pacer CSOP FTSE China A50 ETF 8.7 70 -4 9.7 -11.4
ROAM Hartford Multifactor Emerging Markets ETF 8.6 44 22 13.6 -7.5
DEM WisdomTree Emerging Markets High Dividend Fund 8.6 63 3 15.5 -5.5
SDEM Global X SuperDividend Emerging Markets ETF 7.5 66 0 18.9 -2.2
CN Xtrackers MSCI All China Equity ETF 7.4 50 16 8.5 -12.6
GMF SPDR S&P Emerging Asia Pacific ETF 7.2 49 17 7.6 -13.4
EEMA iShares MSCI Emerging Markets Asia ETF 7.2 50 16 7.9 -13.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 7.0 29 37 10.3 -10.7
PBEE Invesco PureBeta FTSE Emerging Markets ETF 6.7 15 51 9.0 -12.1
SCHE Schwab Emerging Markets Equity ETF 6.7 11 55 8.2 -12.8
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 6.6 25 41 8.1 -12.9
BKEM BNY Mellon Emerging Markets Equity ETF 6.6 11 55 8.7 -12.3
FLAX Franklin FTSE Asia Ex Japan ETF 6.5 19 47 8.0 -13.0
JHEM John Hancock Multifactor Emerging Markets ETF 6.5 49 17 8.9 -12.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 6.3 68 -2 7.3 -13.7
SPEM SPDR Portfolio Emerging Markets ETF 6.1 11 55 8.2 -12.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 6.0 30 36 9.0 -12.0
KFYP KraneShares CICC China Leaders 100 Index ETF 5.9 70 -4 13.7 -7.4
VWO Vanguard FTSE Emerging Markets ETF 5.9 10 56 8.3 -12.7
EEM iShares MSCI Emerging Markets ETF 5.7 68 -2 7.7 -13.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 5.6 65 1 7.7 -13.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 5.6 30 36 8.0 -13.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 5.6 59 7 11.5 -9.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 5.5 45 21 7.8 -13.2
ESGE iShares ESG MSCI EM ETF 5.4 25 41 8.9 -12.1
IEMG iShares Core MSCI Emerging Markets ETF 5.1 13 53 8.2 -12.8
EMMF WisdomTree Emerging Markets Multifactor Fund 5.0 48 18 9.8 -11.2
BICK First Trust BICK Index Fund 4.9 64 2 4.7 -16.4
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 4.9 50 16 10.8 -10.2
PEK VanEck Vectors ChinaAMC CSI 300 ETF 4.7 60 6 7.3 -13.7
MOTI VanEck Vectors Morningstar International Moat ETF 4.5 57 9 8.8 -12.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 4.4 95 -29 8.5 -12.6
FDEM Fidelity Targeted Emerging Markets Factor ETF 4.4 45 21 8.9 -12.2
AVEM Avantis Emerging Markets Equity ETF 4.4 33 33 9.3 -11.8
NUEM Nuveen ESG Emerging Markets Equity ETF 4.3 45 21 7.2 -13.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.2 40 26 7.5 -13.5
IXG iShares Global Financials ETF 4.2 46 20 10.5 -10.6
EDIV SPDR S&P Emerging Markets Dividend ETF 4.2 49 17 12.3 -8.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 4.1 32 34 6.2 -14.9
LVIN Hartford Multifactor Low Volatility International Equity ETF 4.0 29 37 11.6 -9.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 3.7 36 30 7.8 -13.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 3.5 20 46 11.7 -9.4
VYMI Vanguard International High Dividend Yield ETF 3.4 27 39 10.5 -10.5
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 3.3 45 21 9.3 -11.7
DVYE iShares Emerging Markets Dividend ETF 3.3 49 17 17.8 -3.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 3.2 32 34 9.3 -11.7
DVEM WisdomTree Emerging Markets Dividend Fund 3.1 32 34 7.5 -13.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.1 44 22 9.2 -11.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 2.7 20 46 7.0 -14.0
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF 2.7 65 1 3.3 -17.7
EEMD AAM S&P Emerging Markets High Dividend Value ETF 2.3 50 16 19.9 -1.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.3 47 19 9.4 -11.7
BLCN Reality Shares Nasdaq NextGen Economy ETF 2.3 68 -2 3.8 -17.3
ACWF iShares FactorSelect MSCI Global ETF 2.3 35 31 8.2 -12.9
RBIN Nationwide Risk-Based International Equity ETF 2.2 42 24 6.1 -14.9
DWCR Arrow DWA Country Rotation ETF 2.1 95 -29 14.4 -6.6
OBOR KraneShares MSCI One Belt One Road Index ETF 2.1 79 -13 9.5 -11.6
DWX SPDR S&P International Dividend ETF 2.0 45 21 7.8 -13.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.8 32 34 6.1 -14.9
ACWX iShares MSCI ACWI ex U.S. ETF 1.8 32 34 7.4 -13.7
VSGX Vanguard ESG International Stock ETF 1.7 17 49 7.2 -13.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.7 40 26 7.1 -13.9
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 1.7 65 1 4.7 -16.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.7 60 6 9.3 -11.8
VEU Vanguard FTSE All-World ex-US Index Fund 1.7 8 58 7.7 -13.4
VIGI Vanguard International Dividend Appreciation ETF 1.6 20 46 5.6 -15.4
IXUS ishares Core MSCI Total International Stock ETF 1.5 9 57 7.5 -13.5
BLOK Amplify Transformational Data Sharing ETF 1.4 70 -4 4.5 -16.6
VXUS Vanguard Total International Stock Index Fund 1.4 8 58 7.6 -13.4
CWI SPDR MSCI ACWI ex-US ETF 1.4 30 36 7.3 -13.7
FPXI First Trust International Equity Opportunities ETF 1.4 70 -4 3.3 -17.7
DEW WisdomTree Global High Dividend Fund 1.3 58 8 9.8 -11.3
LEGR First Trust Index Digital Transaction & Process Technology E 1.3 65 1 7.2 -13.8
FCA First Trust China AlphaDEX Fund 1.3 80 -14 15.4 -5.7
GFIN Goldman Sachs Motif Finance Reimagined ETF 1.3 50 16 5.4 -15.7
ARKF ARK Fintech Innovation ETF 1.3 75 -9 0.7 -20.3
PIE Invesco DWA Emerging Markets Momentum ETF 1.2 90 -24 5.1 -15.9
GDAT Goldman Sachs Motif Data-Driven World Etf 1.2 50 16 5.3 -15.7
IQDE FlexShares International Quality Dividend Defensive Index Fd 1.1 47 19 9.3 -11.8
IQDF FlexShares International Quality Dividend Index Fund 1.0 47 19 9.2 -11.9
DGT SPDR Global Dow ETF 1.0 50 16 6.9 -14.2

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

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.8 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 21.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 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.