Xtrackers MSCI All China Equity ETF
ALTAR
Score™
8.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
13.8x P/Sales
ratio
1.3x
P/BV
ratio
1.8x Div.
yield
2.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Xtrackers Harvest MSCI All China Equity ETF is an exchange-traded fund incorporated in the USA. The fund seeks to track the performance of the MSCI All China Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Deutsche Bank AG
Website www.DBXUS.com
Inception date Apr 29, 2014
Assets (mns) $24
Currency USD
Expense ratio 50 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 238
Wgt avg mkt cap (mns) $176,702
Large cap (>$10bn) 86.1%
Mid cap ($2-10bn) 11.2%
Small cap (<$2bn) 0.5%
Developed mkts 24.1%
Emerging mkts 75.9%

TOP TEN HOLDINGS
XTRACKERS MSCI CHINA A INCLUSION E 36.0 %
ALIBABA GROUP HOLDING LTD. SPONSOR 13.1 %
TENCENT HOLDINGS LTD 9.5 %
XTRACKERS HARVEST CSI 500 CHINA A- 4.9 %
MEITUAN DIANPING 2.8 %
JD.COM INC-ADR 1.6 %
CHINA CONSTRUCTION BANK-H 1.6 %
PING AN INSURANCE GROUP CO-H 1.6 %
CHINA MOBILE LIMITED 1.0 %
NETEASE.COM INC-ADR 1.0 %
Total 73.1 %

TOP COUNTRY EXPOSURE
CHINA 51.8 %
HONG KONG 6.7 %
SINGAPORE 0.0 %








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.
20.5% 35.9% 12.5% -- 14.1%

Market Correlations
versus... Beta R-squared
S&P500 0.79 44%
MSCI EAFE 0.88 46%
MSCI Emg. Mkts. 0.84 67%

Technical Indicators
Recent close $39.71
30d moving avg. $40.75
Annualized volatility 20.8%
Short interest (ETF) 0.1%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.3%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $6,778

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: CN Expense: 50 bp ALTAR Score™: 8.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CN
Ticker Fund
Name
Overlap1
vs CN
(%)
Expense
ratio
(bp)
Savings
vs CN
(bp)
ALTAR
Score™
(%)
ALTAR
vs CN
(%)
MCHI iShares MSCI China ETF 58.5 59 -9 8.1 -0.3
BKF iShares MSCI BRIC ETF 57.2 69 -19 7.7 -0.7
GXC SPDR S&P China ETF 57.0 59 -9 8.3 -0.1
FLCH Franklin FTSE China ETF 56.8 19 31 8.6 +0.2
KALL KraneShares FTSE Emerging Markets Plus ETF 50.5 49 1 8.3 -0.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 43.6 32 18 6.1 -2.3
GMF SPDR S&P Emerging Asia Pacific ETF 43.0 49 1 7.5 -0.9
EEMA iShares MSCI Emerging Markets Asia ETF 42.7 50 0 7.8 -0.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 40.2 68 -18 7.2 -1.2
CHIL Global X MSCI China Large-Cap 50 ETF 39.9 29 21 8.0 -0.4
PBEE Invesco PureBeta FTSE Emerging Markets ETF 38.6 15 35 8.9 +0.5
SCHE Schwab Emerging Markets Equity ETF 38.0 11 39 8.2 -0.3
FLAX Franklin FTSE Asia Ex Japan ETF 37.8 19 31 7.9 -0.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 36.8 30 20 7.9 -0.5
EEM iShares MSCI Emerging Markets ETF 36.0 68 -18 7.6 -0.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 35.9 32 18 6.0 -2.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 35.7 65 -15 7.6 -0.8
VWO Vanguard FTSE Emerging Markets ETF 34.7 10 40 8.2 -0.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 34.5 20 30 7.0 -1.4
SPEM SPDR Portfolio Emerging Markets ETF 33.9 11 39 8.1 -0.3
IEMG iShares Core MSCI Emerging Markets ETF 32.3 13 37 8.1 -0.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 32.2 36 14 7.7 -0.7
EEMO Invesco S&P Emerging Markets Momentum ETF 31.5 29 21 6.5 -1.9
ESGE iShares ESG MSCI EM ETF 31.4 25 25 8.8 +0.4
JHEM John Hancock Multifactor Emerging Markets ETF 29.1 49 1 8.8 +0.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 28.6 45 5 7.7 -0.7
KWEB KraneShares CSI China Internet ETF 28.5 76 -26 2.0 -6.4
AVEM Avantis Emerging Markets Equity ETF 28.0 33 17 9.1 +0.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 27.1 95 -45 8.4 -0.1
BKEM BNY Mellon Emerging Markets Equity ETF 27.0 11 39 8.6 +0.2
FDNI First Trust Dow Jones International Internet ETF 26.9 65 -15 2.2 -6.2
NUEM Nuveen ESG Emerging Markets Equity ETF 26.8 45 5 7.1 -1.3
DVEM WisdomTree Emerging Markets Dividend Fund 26.8 32 18 7.4 -1.0
FXI iShares China Large-Cap ETF 25.2 74 -24 14.0 +5.6
ISEM Invesco Strategic Emerging Markets ETF 25.1 35 15 11.1 +2.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 24.7 86 -36 2.3 -6.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 23.3 40 10 7.4 -1.0
TTTN UP Fintech China-U.S. Internet Titans ETF 22.9 59 -9 4.3 -4.1
ECON Columbia Emerging Markets Consumer ETF 22.1 59 -9 4.6 -3.8
PXH Invesco FTSE RAFI Emerging Markets ETF 21.9 50 0 13.9 +5.5
AIA iShares Asia 50 ETF 21.1 50 0 8.2 -0.2
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 20.3 18 32 5.5 -2.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 19.8 30 20 9.0 +0.6
CHIQ Global X China Consumer ETF 19.1 65 -15 7.4 -1.0
EMMF WisdomTree Emerging Markets Multifactor Fund 18.2 48 2 9.7 +1.3
FDEM Fidelity Targeted Emerging Markets Factor ETF 18.2 45 5 8.8 +0.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 17.5 59 -9 11.4 +3.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 17.0 49 1 8.1 -0.3
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 16.2 45 5 9.2 +0.8
FNI First Trust Chindia ETF 16.0 60 -10 2.6 -5.8
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 16.0 25 25 8.1 -0.4
OGIG O'Shares Global Internet Giants ETF 15.8 48 2 0.8 -7.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 15.7 39 11 13.5 +5.1
BICK First Trust BICK Index Fund 15.6 64 -14 4.6 -3.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 15.2 32 18 9.2 +0.8
PGJ Invesco Golden Dragon China ETF 15.1 70 -20 3.3 -5.1
GBUY Goldman Sachs Motif New Age Consumer ETF 15.0 50 0 1.8 -6.6
CQQQ Invesco China Technology ETF 14.7 70 -20 4.1 -4.3
PEK VanEck Vectors ChinaAMC CSI 300 ETF 14.1 60 -10 7.2 -1.2
DINT Davis Select International ETF 13.7 68 -18 6.1 -2.3
CHIC Global X Nasdaq China Technology ETF 13.5 66 -16 4.2 -4.2
PNQI Invesco NASDAQ Internet ETF 12.7 60 -10 1.0 -7.4
ROAM Hartford Multifactor Emerging Markets ETF 12.4 44 6 13.4 +5.0
VSGX Vanguard ESG International Stock ETF 12.0 17 33 7.1 -1.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 11.7 16 34 6.9 -1.5
DWLD Davis Select Worldwide ETF 11.6 63 -13 6.7 -1.7
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 11.5 50 0 10.7 +2.3
PIE Invesco DWA Emerging Markets Momentum ETF 11.3 90 -40 5.0 -3.4
GIGE SoFi Gig Economy ETF 11.3 59 -9 -0.7 -9.1
BUYZ Franklin Disruptive Commerce ETF 11.2 50 0 -0.2 -8.6
SOCL Global X Social Media ETF 10.6 65 -15 1.8 -6.6
ACWX iShares MSCI ACWI ex U.S. ETF 10.6 32 18 7.3 -1.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 10.3 40 10 7.1 -1.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.3 44 6 9.2 +0.8
CWI SPDR MSCI ACWI ex-US ETF 10.3 30 20 7.2 -1.2
RNEM Emerging Markets Equity Select ETF 10.3 75 -25 12.4 +4.0
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 10.1 45 5 14.7 +6.3
VEU Vanguard FTSE All-World ex-US Index Fund 9.8 8 42 7.6 -0.8
IXP iShares Global Comm Services ETF 9.8 46 4 5.8 -2.6
JOYY Infusive Compounding Global Equities ETF 9.6 50 0 6.1 -2.3
AIQ Global X Future Analytics Tech ETF 9.4 68 -18 4.1 -4.3
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 9.3 60 -10 4.5 -3.9
IXUS ishares Core MSCI Total International Stock ETF 9.3 9 41 7.4 -1.0
ESPO VanEck Vectors Video Gaming & eSports ETF 9.0 55 -5 2.6 -5.8
FCA First Trust China AlphaDEX Fund 8.7 80 -30 15.0 +6.6
GENY Principal Millennials Index ETF 8.7 45 5 4.1 -4.3
VXUS Vanguard Total International Stock Index Fund 8.7 8 42 7.5 -0.9
DEM WisdomTree Emerging Markets High Dividend Fund 8.3 63 -13 15.4 +7.0
EBIZ Global X E-Commerce ETF 8.0 50 0 2.7 -5.7
VIGI Vanguard International Dividend Appreciation ETF 7.9 20 30 5.5 -2.9
BLCN Reality Shares Nasdaq NextGen Economy ETF 7.8 68 -18 3.7 -4.7
WUGI Esoterica NextG Economy ETF 7.8 75 -25 1.6 -6.8
ARKF ARK Fintech Innovation ETF 7.7 75 -25 0.7 -7.7
CHIX Global X China Financials ETF 7.3 66 -16 20.7 +12.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 7.3 20 30 11.5 +3.1
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 7.0 25 25 1.9 -6.5
XBUY Amplify International Online Retail ETF 7.0 69 -19 -0.5 -8.9
ACWF iShares FactorSelect MSCI Global ETF 6.8 35 15 8.0 -0.4
BLOK Amplify Transformational Data Sharing ETF 6.7 70 -20 4.4 -4.0

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:
Xtrackers MSCI All China Equity 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 14.6 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 8.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.22 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.