Invesco China Technology ETF
ALTAR
Score™		 10.1% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 17.5x P/Sales
ratio		 2.2x
P/BV
ratio		 1.9x Div.
yield		 0.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco China Technology ETF is an exchange-traded fund incorporated in the USA. The ETF tracks the performance of the AlphaShares China Technology Index. The ETF holds technology stocks of all cap sizes. Its investments are focused in communication and technology companies. The ETF weights the holdings using market capitalization methodology.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Guggenheim
Website guggenheiminvestments.com
Inception date Dec 08, 2009
Assets (mns) $1,100
Currency USD
Expense ratio 70 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 55
Wgt avg mkt cap (mns) $83,876
Large cap (>$10bn) 69.1%
Mid cap ($2-10bn) 30.4%
Small cap (<$2bn) 0.5%
Developed mkts 31.4%
Emerging mkts 68.6%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 9.7 %
MEITUAN DIANPING 8.2 %
PINDUODUO, INC. SPONSORED ADR CLAS 8.1 %
BAIDU, INC. CLASS A 6.7 %
KUAISHOU TECHNOLOGY CLASS B 6.3 %
HORIZON ROBOTICS 3.8 %
BILIBILI, INC. CLASS Z 3.5 %
SUNNY OPTICAL TECH 3.3 %
SENSETIME GROUP INC 2.6 %
KINGDEE INTERNATIONAL SFTWR 2.5 %
Total 54.7 %

TOP COUNTRY EXPOSURE
CHINA 68.1 %
HONG KONG 0.5 %









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.
12.4% 32.3% -6.7% 1.8% 4.7%

Market Correlations
versus... Beta R-squared
S&P500 0.66 8%
MSCI EAFE 1.20 28%
MSCI Emg. Mkts. 1.85 68%

Technical Indicators
Recent close $44.19
30d moving avg. $42.54
Annualized volatility 37.8%
Short interest (ETF) 7.4%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 241
Turnover 1.0%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $7,499

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 192 potential alternatives to the Invesco China Technology ETF ETF based on the alternatives' overlap in portfolio holdings with CQQQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CQQQ Expense: 70 bp ALTAR Score™: 10.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CQQQ
Ticker Fund
Name		 Overlap1
vs CQQQ
(%)		 Expense
ratio
(bp)		 Savings
vs CQQQ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs CQQQ
(%)
KWEB KraneShares CSI China Internet ETF 39.7 69 1 24.5 +14.3
KTEC KraneShares Hang Seng TECH Index ETF 32.5 69 1 18.3 +8.1
TCHI iShares MSCI China Multisector Tech ETF 30.2 59 11 17.3 +7.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 25.2 86 -16 13.2 +3.0
FDNI First Trust Dow Jones International Internet ETF 24.0 65 5 18.2 +8.1
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 22.8 60 10 10.2 +0.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 21.9 32 38 17.4 +7.3
MCH Matthews China Active ETF 21.8 79 -9 15.2 +5.0
FLCH Franklin FTSE China ETF 21.0 19 51 16.6 +6.5
JCHI JPMorgan Active China ETF 19.3 65 5 15.8 +5.6
MCHI iShares MSCI China ETF 19.2 59 11 17.7 +7.5
FXI iShares China Large-Cap ETF 18.7 74 -4 17.0 +6.8
CGRO CoreValues Alpha Greater China Growth ETF 18.5 75 -5 3.7 -6.4
KALL KraneShares MSCI All China Index ETF 18.5 49 21 14.7 +4.6
GXC SPDR S&P China ETF 18.3 59 11 16.3 +6.2
CHIQ Global X MSCI China Consumer Discretionary ETF 16.9 65 5 16.3 +6.1
MINV Matthews Asia Innovators Active ETF 16.4 79 -9 7.7 -2.5
SOCL Global X Social Media ETF 15.4 65 5 7.8 -2.3
BKF iShares MSCI BIC ETF 14.4 69 1 13.2 +3.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 13.4 20 50 10.7 +0.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 13.2 15 55 8.2 -2.0
AIA iShares Asia 50 ETF 13.2 50 20 13.4 +3.2
EEMO Invesco S&P Emerging Markets Momentum ETF 13.0 29 41 6.5 -3.6
DEHP Dimensional Emerging Markets High Profitability ETF 11.4 41 29 6.9 -3.3
FLAX Franklin FTSE Asia Ex Japan ETF 9.5 19 51 9.5 -0.6
EEMA iShares MSCI Emerging Markets Asia ETF 9.5 49 21 10.2 +0.0
ECON Columbia Emerging Markets Consumer ETF 9.0 49 21 12.4 +2.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 8.8 66 4 10.0 -0.2
OND ProShares On-Demand ETF 8.7 58 12 0.7 -9.4
EMC Global X Emerging Markets Great Consumer ETF 8.7 75 -5 8.8 -1.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 8.5 70 0 9.3 -0.8
ESPO VanEck Video Gaming and eSports ETF 8.5 56 14 4.1 -6.0
ODDS Pacer BlueStar Digital Entertainment ETF 8.5 60 10 2.0 -8.1
GMF SPDR S&P Emerging Asia Pacific ETF 8.4 49 21 9.6 -0.6
BKEM BNY Mellon Emerging Markets Equity ETF 8.4 11 59 10.2 +0.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 8.3 15 55 10.4 +0.3
IVRS iShares Future Metaverse Tech and Communications ETF 8.3 47 23 2.7 -7.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 8.2 36 34 9.9 -0.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 8.2 33 37 10.1 -0.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 8.2 45 25 10.5 +0.4
DINT Davis Select International ETF 8.2 55 15 8.0 -2.1
ONLN ProShares Online Retail ETF 8.1 58 12 2.3 -7.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 7.9 30 40 10.4 +0.2
MEM Matthews Emerging Markets Equity Active ETF 7.9 79 -9 8.0 -2.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 7.8 32 38 9.3 -0.8
FDEM Fidelity Emerging Markets Multifactor ETF 7.8 25 45 12.9 +2.7
SCHE Schwab Emerging Markets Equity ETF 7.6 11 59 11.2 +1.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 7.5 40 30 7.1 -3.0
BNGE First Trust S-Network Streaming and Gaming ETF 7.4 70 0 2.8 -7.4
EEM iShares MSCI Emerging Markets ETF 7.4 69 1 10.3 +0.2
EMGF iShares Emerging Markets Equity Factor ETF 7.2 25 45 12.0 +1.8
ISHP First Trust Nasdaq Retail ETF 7.1 60 10 5.2 -4.9
PATN Pacer Nasdaq International Patent Leaders ETF 7.0 65 5 6.3 -3.8
ESGE iShares ESG Aware MSCI EM ETF 6.9 25 45 10.1 -0.0
VWO Vanguard FTSE Emerging Markets ETF 6.8 7 63 10.6 +0.4
SPEM SPDR Portfolio Emerging Markets ETF 6.8 7 63 10.6 +0.5
JHEM John Hancock Multifactor Emerging Markets ETF 6.5 49 21 10.5 +0.3
LDEM iShares ESG MSCI EM Leaders ETF 6.5 17 53 13.2 +3.0
IEMG iShares Core MSCI Emerging Markets ETF 6.5 9 61 10.5 +0.4
FMET Fidelity Metaverse ETF 6.4 39 31 4.8 -5.3
DWLD Davis Select Worldwide ETF 6.3 63 7 7.4 -2.7
AVEM Avantis Emerging Markets Equity ETF 6.2 33 37 9.2 -0.9
CHAT Roundhill Generative AI & Technology ETF 5.9 75 -5 8.0 -2.2
DFAE Dimensional Emerging Core Equity Market ETF 5.9 35 35 9.5 -0.7
NUEM Nuveen ESG Emerging Markets Equity ETF 5.6 36 34 7.9 -2.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 5.5 41 29 8.9 -1.2
IXP iShares Global Comm Services ETF 5.3 42 28 5.6 -4.5
AVSE Avantis Responsible Emerging Markets Equity ETF 5.3 33 37 8.7 -1.5
OGIG ALPS O'Shares Global Internet Giants ETF 5.3 48 22 1.6 -8.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 4.9 38 32 9.5 -0.7
AIQ Global X Artificial Intelligence & Technology ETF 4.9 68 2 3.8 -6.3
FDCF Fidelity Disruptive Communications ETF 4.9 50 20 3.0 -7.2
PXH Invesco FTSE RAFI Emerging Markets ETF 4.9 49 21 16.0 +5.9
MOTI VanEck Morningstar International Moat ETF 4.8 58 12 11.1 +0.9
FCA First Trust China AlphaDEX Fund 4.7 80 -10 9.0 -1.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 4.7 95 -25 12.9 +2.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 4.7 59 11 11.8 +1.7
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 4.6 75 -5 4.9 -5.3
JIG JPMorgan International Growth ETF 4.4 55 15 4.7 -5.5
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 4.0 65 5 7.8 -2.4
EBIZ Global X E-Commerce ETF 3.9 50 20 4.1 -6.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 3.8 39 31 16.3 +6.2
WUGI AXS Esoterica NextG Economy ETF 3.8 75 -5 2.5 -7.7
ARVR First Trust Indxx Metaverse ETF 3.7 70 0 4.1 -6.1
IBLC iShares Blockchain and Tech ETF 3.7 47 23 -3.7 -13.9
KGRN KraneShares MSCI China Clean Technology Index ETF 3.6 79 -9 3.7 -6.5
ANEW ProShares MSCI Transformational Changes ETF 3.6 45 25 6.0 -4.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 3.5 30 40 9.9 -0.2
ECNS iShares MSCI China Small-Cap ETF 3.3 59 11 9.6 -0.5
KSTR KraneShares SSE STAR Market 50 Index ETF 3.1 89 -19 1.7 -8.4
EMXF iShares ESG Advanced MSCI EM ETF 3.1 16 54 8.5 -1.6
METV Roundhill Ball Metaverse ETF 3.0 59 11 5.6 -4.6
MOTG VanEck Morningstar Global Wide Moat ETF 2.9 52 18 6.7 -3.4
RNEM First Trust Emerging Markets Equity Select ETF 2.8 75 -5 7.0 -3.1
ABLG Abacus FCF International Leaders ETF 2.7 59 11 6.3 -3.8
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 2.7 65 5 5.9 -4.3
XNTK SPDR NYSE Technology ETF 2.6 35 35 3.8 -6.3
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 2.6 55 15 8.2 -2.0
TTAI FCF International Quality ETF 2.6 59 11 7.0 -3.2
EVLU iShares MSCI Emerging Markets Value Factor ETF 2.5 35 35 19.4 +9.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.5 41 29 7.8 -2.4
CNYA iShares MSCI China A ETF 2.4 60 10 7.0 -3.1
WRND IQ Global Equity R&D Leaders ETF 2.4 18 52 8.4 -1.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.4 18 52 7.7 -2.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.4 60 10 7.2 -3.0
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.3 57 13 3.6 -6.5
CGXU Capital Group International Focus Equity ETF 2.2 54 16 5.8 -4.4
CWI SPDR MSCI ACWI ex-US ETF 2.2 30 40 7.8 -2.4
ACWX iShares MSCI ACWI ex U.S. ETF 2.2 34 36 7.9 -2.3
FEM First Trust Emerging Markets AlphaDEX Fund 2.2 80 -10 12.2 +2.1
VEU Vanguard FTSE All-World ex-US Index Fund 2.1 4 66 8.2 -1.9
UMMA Wahed Dow Jones Islamic World ETF 2.1 65 5 5.1 -5.0
IXUS iShares Core MSCI Total International Stock ETF 1.9 7 63 8.0 -2.1
VXUS Vanguard Total International Stock ETF 1.9 5 65 8.0 -2.1
DSTX Distillate International Fundamental Stability & Value ETF 1.9 55 15 8.2 -2.0
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.8 90 -20 7.7 -2.4
FDTX Fidelity Disruptive Technology ETF 1.8 50 20 2.6 -7.5
BUYZ Franklin Disruptive Commerce ETF 1.7 50 20 2.3 -7.8
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.6 20 50 4.2 -5.9
CGV Conductor Global Equity Value ETF 1.6 130 -60 8.6 -1.5
CVY Invesco Zacks Multi-Asset Income ETF 1.6 106 -36 12.0 +1.9
GINN Goldman Sachs Innovate Equity ETF 1.5 52 18 3.7 -6.4
RXI iShares Global Consumer Discretionary ETF 1.5 41 29 9.1 -1.0
AIS VistaShares Artificial Intelligence Supercycle ETF 1.4 75 -5 3.6 -6.5
BWEB Bitwise Web3 ETF 1.4 85 -15 0.0 -10.1
IBUY Amplify Online Retail ETF 1.4 65 5 1.2 -8.9
KOCG FIS Knights of Columbus Global Belief ETF 1.3 75 -5 5.1 -5.1
IOO iShares Global 100 ETF 1.3 41 29 5.0 -5.1
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.2 61 9 1.5 -8.6
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.2 35 35 4.2 -6.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.2 70 0 14.5 +4.4
SDG iShares MSCI Global Sustainable Development Goals ETF 1.2 49 21 6.3 -3.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.1 50 20 11.5 +1.3
IQDF FlexShares International Quality Dividend Index Fund 1.1 47 23 9.3 -0.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 1.1 25 45 6.5 -3.7
AVEE Avantis Emerging Markets Small Cap Equity ETF 1.1 42 28 9.9 -0.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.1 30 40 8.1 -2.0
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.1 45 25 10.7 +0.6
CGIE Capital Group International Equity ETF 1.1 54 16 5.0 -5.2
AVES Avantis Emerging Markets Value ETF 1.1 36 34 11.6 +1.5
RAYC Rayliant Quantamental China Equity ETF 1.0 80 -10 8.6 -1.6
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.0 58 12 4.0 -6.2
XT iShares Exponential Technologies ETF 0.9 46 24 4.9 -5.3
PGJ Invesco Golden Dragon China ETF 0.9 70 0 9.9 -0.2
VSGX Vanguard ESG International Stock ETF 0.9 10 60 7.9 -2.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.9 47 23 8.5 -1.6
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.9 61 9 -2.5 -12.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.9 12 58 5.3 -4.9
KLMT Invesco MSCI Global Climate 500 ETF 0.9 10 60 5.9 -4.2
ERTH Invesco MSCI Sustainable Future ETF 0.8 62 8 3.7 -6.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.8 9 61 5.9 -4.2
DGT SPDR Global Dow ETF 0.8 50 20 7.3 -2.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.8 20 50 5.8 -4.3
FCLD Fidelity Cloud Computing ETF 0.8 39 31 3.1 -7.0
ACWI iShares MSCI ACWI ETF 0.8 32 38 5.7 -4.5
CNXT VanEck ChiNext ETF 0.8 65 5 6.1 -4.1
WFH Direxion Work From Home ETF 0.8 45 25 3.8 -6.3
AWAY ETFMG Travel Tech ETF 0.7 76 -6 0.0 -10.1
VT Vanguard Total World Stock ETF 0.7 6 64 6.0 -4.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 5 7.4 -2.7
GLOF iShares Global Equity Factor ETF 0.7 20 50 6.7 -3.4
IGPT Invesco AI and Next Gen Software ETF 0.6 60 10 4.2 -5.9
TRFM AAM Transformers ETF 0.5 49 21 1.5 -8.6
DFEV Dimensional Emerging Markets Value ETF 0.5 43 27 13.4 +3.2
APIE ActivePassive International Equity ETF 0.5 45 25 7.5 -2.6
QQQS Invesco NASDAQ Future Gen 200 ETF 0.5 20 50 -2.7 -12.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.5 70 0 7.8 -2.4
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.4 65 5 2.2 -7.9
QQQ Invesco QQQ Trust Series I 0.4 20 50 4.1 -6.0
QQQM Invesco NASDAQ 100 ETF 0.4 15 55 4.2 -6.0
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.4 49 21 4.3 -5.9
KOMP SPDR S&P Kensho New Economies Composite ETF 0.4 20 50 2.8 -7.3
GGME Invesco Next Gen Media and Gaming ETF 0.4 60 10 4.3 -5.9
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.3 80 -10 14.4 +4.2
FBCG Fidelity Blue Chip Growth ETF 0.3 59 11 3.0 -7.2
SPYA Twin Oak Endure ETF 0.3 80 -10 -2.2 -12.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 5 8.2 -2.0
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 49 3.9 -6.3
ROAM Hartford Multifactor Emerging Markets ETF 0.2 44 26 12.0 +1.8
QQMG Invesco ESG NASDAQ 100 ETF 0.2 20 50 4.2 -6.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 31 5.9 -4.3
ETEC iShares Breakthrough Environmental Solutions ETF 0.2 47 23 3.5 -6.6
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 50 5.9 -4.3
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -19 4.8 -5.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 12 9.8 -0.4
ICLN iShares Global Clean Energy ETF 0.1 41 29 5.9 -4.2
RAYS Global X Solar ETF 0.1 51 19 7.4 -2.7
PNQI Invesco NASDAQ Internet ETF 0.0 60 10 3.2 -6.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 21 7.0 -3.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 31 6.8 -3.4
VYMI Vanguard International High Dividend Yield ETF 0.0 17 53 9.9 -0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 25 8.9 -1.2

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Invesco China Technology 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 19.5 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 10.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.46 CATEGORY
AVERAGE		 1.50
 
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.