Xtrackers MSCI All China Equity ETF
ALTAR
Score™
6.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
18.2x P/Sales
ratio
1.7x
P/BV
ratio
2.2x Div.
yield
1.7%


  • 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) $32
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 227
Wgt avg mkt cap (mns) $148,908
Large cap (>$10bn) 88.4%
Mid cap ($2-10bn) 8.9%
Small cap (<$2bn) 0.1%
Developed mkts 26.8%
Emerging mkts 73.2%

TOP TEN HOLDINGS
XTRACKERS MSCI CHINA A INCLUSION E 36.6 %
TENCENT HOLDINGS LTD 10.2 %
ALIBABA GROUP HOLDING LTD. SPONSOR 9.7 %
XTRACKERS HARVEST CSI 500 CHINA A- 4.5 %
MEITUAN DIANPING 3.5 %
JD.COM INC-ADR 1.7 %
NIO INC. SPONSORED ADR CLASS A 1.6 %
CHINA CONSTRUCTION BANK-H 1.5 %
PING AN INSURANCE GROUP CO-H 1.5 %
BAIDU INC - SPON ADR 1.4 %
Total 72.2 %

TOP COUNTRY EXPOSURE
CHINA 53.5 %
HONG KONG 5.4 %
SINGAPORE 0.0 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
31.5% 31.5% 11.8% -- 14.8%

Market Correlations
versus... Beta R-squared
S&P500 0.72 42%
MSCI EAFE 0.70 39%
MSCI Emg. Mkts. 0.81 66%

Technical Indicators
Recent close $49.83
30d moving avg. $45.80
Annualized volatility 21.0%
Short interest (ETF) 2.8%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.6%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $42,441

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 6.9%


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 58.9 59 -9 6.4 -0.5
BKF iShares MSCI BRIC ETF 57.6 70 -20 6.2 -0.7
GXC SPDR S&P China ETF 57.4 59 -9 6.5 -0.4
FLCH Franklin FTSE China ETF 56.5 19 31 7.0 +0.1
DFAE Dimensional Emerging Core Equity Market ETF 53.2 35 15 7.0 +0.1
KALL KraneShares MSCI All China Index ETF 51.5 49 1 6.9 +0.0
GMF SPDR S&P Emerging Asia Pacific ETF 43.4 49 1 5.9 -0.9
EEMA iShares MSCI Emerging Markets Asia ETF 40.3 50 0 6.3 -0.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 39.2 68 -18 5.7 -1.2
CHIL Global X MSCI China Large-Cap 50 ETF 39.2 29 21 6.2 -0.7
PBEE Invesco PureBeta FTSE Emerging Markets ETF 38.3 15 35 7.3 +0.4
SCHE Schwab Emerging Markets Equity ETF 37.8 11 39 6.7 -0.1
FLAX Franklin FTSE Asia Ex Japan ETF 36.6 19 31 6.2 -0.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 36.2 32 18 5.3 -1.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 36.0 30 20 6.4 -0.5
EEM iShares MSCI Emerging Markets ETF 35.2 70 -20 6.0 -0.9
VWO Vanguard FTSE Emerging Markets ETF 34.6 10 40 6.9 +0.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 34.3 65 -15 6.0 -0.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 34.2 20 30 5.5 -1.4
SPEM SPDR Portfolio Emerging Markets ETF 34.2 11 39 6.5 -0.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 32.7 36 14 6.8 -0.1
EEMO Invesco S&P Emerging Markets Momentum ETF 31.9 29 21 3.3 -3.6
IEMG iShares Core MSCI Emerging Markets ETF 31.5 11 39 6.6 -0.3
KESG KraneShares MSCI China ESG Leaders Index ETF 31.1 59 -9 8.1 +1.2
ESGE iShares ESG Aware MSCI EM ETF 30.3 25 25 7.0 +0.2
KWEB KraneShares CSI China Internet ETF 29.6 76 -26 2.1 -4.7
JHEM John Hancock Multifactor Emerging Markets ETF 28.5 49 1 7.4 +0.6
AVEM Avantis Emerging Markets Equity ETF 28.2 33 17 7.3 +0.4
FDNI First Trust Dow Jones International Internet ETF 28.1 65 -15 1.9 -5.0
BKEM BNY Mellon Emerging Markets Equity ETF 26.7 11 39 6.7 -0.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 26.2 45 5 6.3 -0.5
FXI iShares China Large-Cap ETF 26.1 74 -24 10.5 +3.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 26.0 86 -36 2.1 -4.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 25.3 32 18 5.0 -1.9
EWEB Global X Emerging Markets Internet & E-commerce ETF 24.7 65 -15 2.5 -4.4
NUEM Nuveen ESG Emerging Markets Equity ETF 24.7 45 5 5.4 -1.5
RESE WisdomTree Emerging Markets ESG Fund 24.5 32 18 6.7 -0.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 24.4 95 -45 7.1 +0.3
LDEM iShares ESG MSCI EM Leaders ETF 23.9 16 34 6.4 -0.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 22.5 40 10 6.1 -0.8
ISEM Invesco RAFI Strategic Emerging Markets ETF 22.4 35 15 8.9 +2.0
ECON Columbia Emerging Markets Consumer ETF 22.2 59 -9 4.7 -2.2
AIA iShares Asia 50 ETF 22.1 50 0 6.0 -0.9
CHIQ Global X MSCI China Consumer ETF 21.5 65 -15 4.6 -2.3
EMXF iShares ESG Advanced MSCI EM ETF 20.7 16 34 7.1 +0.2
PXH Invesco FTSE RAFI Emerging Markets ETF 20.3 50 0 11.6 +4.8
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 19.9 30 20 4.1 -2.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 19.0 30 20 7.5 +0.7
BICK First Trust BICK Index Fund 17.3 64 -14 3.2 -3.6
OGIG O'Shares Global Internet Giants ETF 17.2 48 2 0.6 -6.3
FNI First Trust Chindia ETF 17.2 60 -10 2.3 -4.5
FDEM Fidelity Emerging Markets Multifactor ETF 17.0 45 5 7.7 +0.9
CQQQ Invesco China Technology ETF 16.5 70 -20 4.3 -2.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 16.0 49 1 7.6 +0.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 15.9 32 18 7.4 +0.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 15.8 59 -9 10.6 +3.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 15.4 25 25 6.6 -0.3
PGJ Invesco Golden Dragon China ETF 15.1 70 -20 3.7 -3.2
EMMF WisdomTree Emerging Markets Multifactor Fund 14.7 48 2 8.1 +1.2
VSGX Vanguard ESG International Stock ETF 14.5 17 33 6.3 -0.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 13.7 39 11 11.6 +4.7
EMGF iShares MSCI Emerging Markets Multifactor ETF 13.6 45 5 8.6 +1.7
CHIC Global X MSCI China Communication Services ETF 13.6 66 -16 4.5 -2.4
GLCN VanEck Vectors Ftse China A50 ETF 13.4 60 -10 4.1 -2.8
DINT Davis Select International ETF 12.6 68 -18 5.3 -1.5
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 12.5 16 34 6.0 -0.9
PNQI Invesco NASDAQ Internet ETF 12.4 60 -10 1.0 -5.8
SOCL Global X Social Media ETF 12.4 65 -15 2.2 -4.7
ROAM Hartford Multifactor Emerging Markets ETF 11.8 44 6 11.5 +4.7
GIGE SoFi Gig Economy ETF 11.7 59 -9 -0.2 -7.1
DWLD Davis Select Worldwide ETF 11.4 63 -13 5.6 -1.2
CEZ VictoryShares Emerging Market Volatility Wtd ETF 11.3 50 0 9.5 +2.7
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 11.3 60 -10 2.3 -4.6
ACWX iShares MSCI ACWI ex U.S. ETF 11.3 32 18 6.3 -0.6
BUYZ Franklin Disruptive Commerce ETF 11.2 50 0 -0.3 -7.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 11.1 40 10 6.1 -0.8
CWI SPDR MSCI ACWI ex-US ETF 11.0 30 20 6.2 -0.7
VEU Vanguard FTSE All-World ex-US Index Fund 10.4 8 42 6.7 -0.2
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 10.3 45 5 12.1 +5.2
AIQ Global X Future Analytics Tech ETF 10.3 68 -18 3.4 -3.5
IXP iShares Global Comm Services ETF 9.9 46 4 5.2 -1.7
JOYY Infusive Compounding Global Equities ETF 9.9 50 0 3.4 -3.5
PIE Invesco DWA Emerging Markets Momentum ETF 9.8 90 -40 1.8 -5.0
IXUS ishares Core MSCI Total International Stock ETF 9.8 9 41 6.4 -0.4
ESPO VanEck Vectors Video Gaming & eSports ETF 9.7 55 -5 3.0 -3.9
DSTX Distillate International Fundamental Stability & Value ETF 9.7 55 -5 5.9 -1.0
VIGI Vanguard International Dividend Appreciation ETF 9.6 20 30 5.0 -1.8
BLCN Reality Shares Nasdaq NextGen Economy ETF 9.5 68 -18 5.0 -1.9
GENY Principal Millennials Index ETF 9.2 45 5 3.4 -3.5
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF 8.9 44 6 8.2 +1.3
ANEW ProShares MSCI Transformational Changes ETF 8.8 45 5 2.4 -4.5
ARKF ARK Fintech Innovation ETF 8.5 75 -25 0.2 -6.7
JIG JPMorgan International Growth ETF 8.5 55 -5 2.4 -4.4
FPXI First Trust International Equity Opportunities ETF 7.9 70 -20 3.7 -3.2
VXUS Vanguard Total International Stock ETF 7.9 8 42 6.6 -0.3
BLOK Amplify Transformational Data Sharing ETF 7.8 70 -20 4.0 -2.9
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 7.8 50 0 3.3 -3.6
EBIZ Global X E-Commerce ETF 7.7 50 0 2.5 -4.4

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:
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 14.7 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 6.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.21 CATEGORY
AVERAGE
1.39
 
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.