Xtrackers MSCI All China Equity ETF
ALTAR
Score™
9.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
12.1x P/Sales
ratio
1.2x
P/BV
ratio
1.5x Div.
yield
2.5%


  • 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 30, 2014
Assets (mns) $34
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) $136,490
Large cap (>$10bn) 85.4%
Mid cap ($2-10bn) 13.0%
Small cap (<$2bn) 1.3%
Developed mkts 22.3%
Emerging mkts 77.7%

TOP TEN HOLDINGS
XTRACKERS MSCI CHINA A INCLUSION E 34.8 %
ALIBABA GROUP HOLDING LTD. SPONSOR 11.7 %
TENCENT HOLDINGS LTD 9.9 %
XTRACKERS HARVEST CSI 500 CHINA A- 5.5 %
CHINA CONSTRUCTION BANK-H 2.4 %
PING AN INSURANCE GROUP CO-H 1.8 %
CHINA MOBILE LIMITED 1.4 %
IND & COMM BK OF CHINA - H 1.4 %
JD.COM INC-ADR 1.3 %
BAIDU INC - SPON ADR 1.0 %
Total 71.2 %

TOP COUNTRY EXPOSURE
CHINA 50.4 %
HONG KONG 8.3 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.2% 9.9% -0.6% -- 10.3%

Market Correlations
versus... Beta R-squared
S&P500 0.74 41%
MSCI EAFE 0.84 45%
MSCI Emg. Mkts. 0.82 64%

Technical Indicators
Recent close $34.37
30d moving avg. $32.64
Annualized volatility 19.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 21
Turnover 2.1%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $13,335

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 9.3%


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 9.0 -0.3
GXC SPDR S&P China ETF 57.1 59 -9 8.8 -0.4
BKF iShares MSCI BRIC ETF 56.7 69 -19 8.3 -0.9
FLCH Franklin FTSE China ETF 56.0 19 31 9.1 -0.1
KALL KraneShares FTSE Emerging Markets Plus ETF 52.0 49 1 9.0 -0.2
WCHN WisdomTree ICBCCS S&P China 500 Fund 47.1 55 -5 9.2 -0.1
EEMA iShares MSCI Emerging Markets Asia ETF 43.2 50 0 8.3 -1.0
GMF SPDR S&P Emerging Asia Pacific ETF 41.8 49 1 7.9 -1.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 39.6 32 18 6.9 -2.4
CHIL Global X MSCI China Large-Cap 50 ETF 39.5 29 21 9.4 +0.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 38.0 68 -18 7.8 -1.4
FLAX Franklin FTSE Asia Ex Japan ETF 37.0 19 31 8.4 -0.9
SCHE Schwab Emerging Markets Equity ETF 36.5 13 37 8.5 -0.7
PBEE Invesco PureBeta FTSE Emerging Markets ETF 36.2 14 36 9.4 +0.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 35.1 30 20 8.7 -0.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 33.6 65 -15 8.3 -1.0
EEM iShares MSCI Emerging Markets ETF 33.6 68 -18 8.1 -1.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 33.0 20 30 7.6 -1.7
VWO Vanguard FTSE Emerging Markets ETF 32.8 10 40 8.7 -0.5
SPEM SPDR Portfolio Emerging Markets ETF 32.4 11 39 8.5 -0.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 31.5 32 18 6.7 -2.6
JHEM John Hancock Multifactor Emerging Markets ETF 30.9 55 -5 8.7 -0.5
IEMG iShares Core MSCI Emerging Markets ETF 30.2 14 36 8.6 -0.7
FXI iShares China Large-Cap ETF 27.3 74 -24 13.3 +4.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 27.0 45 5 8.6 -0.7
ISEM Invesco Strategic Emerging Markets ETF 26.3 35 15 10.2 +0.9
ESGE iShares ESG MSCI EM ETF 25.8 25 25 9.5 +0.3
AVEM Avantis Emerging Markets Equity ETF 25.6 33 17 9.4 +0.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 25.5 95 -45 10.0 +0.7
KWEB KraneShares CSI China Internet ETF 25.1 76 -26 3.4 -5.9
PXH Invesco FTSE RAFI Emerging Markets ETF 24.3 50 0 13.5 +4.2
DVEM WisdomTree Emerging Markets Dividend Fund 23.1 32 18 8.9 -0.3
FDNI First Trust Dow Jones International Internet ETF 22.4 65 -15 2.8 -6.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 22.4 59 -9 10.9 +1.6
NUEM Nuveen ESG Emerging Markets Equity ETF 22.0 45 5 7.7 -1.5
AIA iShares Asia 50 ETF 21.4 50 0 8.8 -0.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 20.6 86 -36 2.3 -7.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 19.9 30 20 9.2 -0.0
TTTN UP Fintech China-U.S. Internet Titans ETF 19.4 59 -9 5.0 -4.2
ECON Columbia Emerging Markets Consumer ETF 19.3 59 -9 4.8 -4.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 18.8 39 11 12.9 +3.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 18.6 40 10 7.8 -1.5
EMCG WisdomTree Emerging Markets Consumer Growth Fund 18.6 32 18 7.9 -1.3
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 17.7 18 32 6.0 -3.2
BICK First Trust BICK Index Fund 16.6 64 -14 4.4 -4.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 15.8 32 18 9.4 +0.1
CHIQ Global X China Consumer ETF 15.5 65 -15 9.1 -0.1
FNI First Trust Chindia ETF 15.3 59 -9 3.4 -5.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 15.1 49 1 8.8 -0.4
PGJ Invesco Golden Dragon China ETF 14.7 70 -20 3.4 -5.9
CHIC Global X Nasdaq China Technology ETF 14.5 65 -15 4.3 -5.0
JOYY Infusive Compounding Global Equities ETF 14.3 50 0 3.9 -5.4
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 14.1 45 5 9.9 +0.6
CQQQ Invesco China Technology ETF 13.7 70 -20 4.3 -5.0
AXJL WisdomTree Asia Pacific ex-Japan Fund 13.6 48 2 10.0 +0.8
EMMF WisdomTree Emerging Markets Multifactor Fund 13.5 48 2 9.7 +0.4
ONLN ProShares Online Retail ETF 13.4 58 -8 1.6 -7.6
ROAM Hartford Multifactor Emerging Markets ETF 12.6 44 6 14.7 +5.4
FDEM Fidelity Targeted Emerging Markets Factor ETF 12.4 45 5 9.6 +0.4
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 12.3 80 -30 1.7 -7.6
OGIG O'Shares Global Internet Giants ETF 12.3 48 2 0.5 -8.7
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 12.3 50 0 9.7 +0.5
GBUY Goldman Sachs Motif New Age Consumer ETF 12.1 50 0 2.1 -7.2
DEM WisdomTree Emerging Markets High Dividend Fund 11.8 63 -13 13.8 +4.6
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 11.7 25 25 8.4 -0.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 11.7 45 5 8.8 -0.4
PIE Invesco DWA Emerging Markets Momentum ETF 11.6 90 -40 5.7 -3.6
RNEM Emerging Markets Equity Select ETF 11.4 75 -25 10.3 +1.1
PNQI Invesco NASDAQ Internet ETF 11.3 62 -12 1.2 -8.1
SOCL Global X Social Media ETF 10.7 65 -15 2.2 -7.0
DINT Davis Select International ETF 10.6 75 -25 5.8 -3.4
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 10.2 64 -14 5.2 -4.0
BUYZ Franklin Disruptive Commerce ETF 10.2 50 0 -0.1 -9.4
CHIX Global X China Financials ETF 10.1 65 -15 18.6 +9.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 10.1 16 34 7.1 -2.2
GENY Principal Millennials Index ETF 10.0 45 5 3.9 -5.3
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 9.6 45 5 13.2 +4.0
ACWX iShares MSCI ACWI ex U.S. ETF 9.3 32 18 7.5 -1.8
GIGE SoFi Gig Economy ETF 9.3 59 -9 -0.6 -9.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 9.2 40 10 7.3 -1.9
VSGX Vanguard ESG International Stock ETF 9.2 17 33 7.3 -1.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 9.1 29 21 9.8 +0.5
CWI SPDR MSCI ACWI ex-US ETF 9.0 30 20 7.6 -1.7
IXP iShares Global Comm Services ETF 9.0 46 4 5.8 -3.5
VEU Vanguard FTSE All-World ex-US Index Fund 8.8 8 42 7.7 -1.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 8.7 20 30 10.8 +1.6
PEK VanEck Vectors ChinaAMC CSI 300 ETF 8.6 60 -10 8.0 -1.2
EEMO Invesco S&P Emerging Markets Momentum ETF 8.5 30 20 7.1 -2.2
DWLD Davis Select Worldwide ETF 8.4 64 -14 6.6 -2.6
IXUS ishares Core MSCI Total International Stock ETF 8.1 9 41 7.5 -1.7
VXUS Vanguard Total International Stock Index Fund 8.0 8 42 7.7 -1.6
FCA First Trust China AlphaDEX Fund 8.0 80 -30 14.8 +5.6
ESPO VanEck Vectors Video Gaming & eSports ETF 7.9 55 -5 2.9 -6.3
AIQ Global X Future Analytics Tech ETF 7.6 68 -18 4.1 -5.1
BLCN Reality Shares Nasdaq NextGen Economy ETF 7.5 68 -18 4.4 -4.9
ACWF iShares FactorSelect MSCI Global ETF 6.8 35 15 8.1 -1.2
MOTI VanEck Vectors Morningstar International Moat ETF 6.8 57 -7 8.2 -1.0
BLOK Amplify Transformational Data Sharing ETF 6.6 70 -20 5.0 -4.3
VIGI Vanguard International Dividend Appreciation ETF 6.5 25 25 5.9 -3.4
EBIZ Global X E-Commerce ETF 6.5 50 0 3.0 -6.3

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 14.2 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 9.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.22 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.