Invesco China Technology ETF
ALTAR
Score™		 12.0% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 8.8x P/Sales
ratio		 2.5x
P/BV
ratio		 2.1x Div.
yield		 0.9%


  • 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) $1,721
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) $79,897
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 9.9 %
PINDUODUO, INC. SPONSORED ADR CLAS 7.8 %
BAIDU, INC. CLASS A 7.4 %
KUAISHOU TECHNOLOGY CLASS B 6.1 %
MEITUAN DIANPING 5.0 %
HORIZON ROBOTICS 4.7 %
BILIBILI, INC. CLASS Z 3.4 %
SENSETIME GROUP INC 3.3 %
SUNNY OPTICAL TECH 3.2 %
CAMBRICON TECHNOLOGIES CORP LTD 2.8 %
Total 53.6 %

TOP COUNTRY EXPOSURE
CHINA 64.2 %
HONG KONG 0.6 %









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.
35.9% 67.7% -5.2% 6.9% 5.9%

Market Correlations
versus... Beta R-squared
S&P500 0.92 14%
MSCI EAFE 1.21 27%
MSCI Emg. Mkts. 1.72 58%

Technical Indicators
Recent close $55.00
30d moving avg. $50.35
Annualized volatility 38.0%
Short interest (ETF) 2.8%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 989
Turnover 3.2%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $7,499

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 190 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™: 12.0%


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 37.1 69 1 23.2 +11.2
TCHI iShares MSCI China Multisector Tech ETF 32.0 59 11 15.8 +3.8
KTEC KraneShares Hang Seng TECH Index ETF 30.8 69 1 18.3 +6.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 24.1 86 -16 13.0 +0.9
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 23.6 60 10 10.3 -1.8
FDNI First Trust Dow Jones International Internet ETF 23.4 65 5 20.1 +8.0
CGRO CoreValues Alpha Greater China Growth ETF 21.2 75 -5 4.3 -7.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 20.9 32 38 15.1 +3.0
MCH Matthews China Active ETF 20.0 79 -9 13.5 +1.4
FLCH Franklin FTSE China ETF 19.5 19 51 15.1 +3.1
FXI iShares China Large-Cap ETF 18.8 74 -4 17.8 +5.7
MCHI iShares MSCI China ETF 18.7 59 11 16.6 +4.6
GXC SPDR S&P China ETF 17.7 59 11 14.7 +2.7
JCHI JPMorgan Active China ETF 17.6 65 5 14.7 +2.7
KALL KraneShares MSCI All China Index ETF 17.3 49 21 15.0 +2.9
SOCL Global X Social Media ETF 15.9 65 5 8.5 -3.6
MINV Matthews Asia Innovators Active ETF 15.6 79 -9 7.0 -5.1
BKF iShares MSCI BIC ETF 15.1 69 1 13.2 +1.2
AIA iShares Asia 50 ETF 13.4 50 20 12.0 -0.0
EEMO Invesco S&P Emerging Markets Momentum ETF 13.4 29 41 6.4 -5.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 13.3 15 55 7.7 -4.4
CHIQ Global X MSCI China Consumer Discretionary ETF 13.3 65 5 15.9 +3.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 13.3 20 50 10.3 -1.7
DEHP Dimensional Emerging Markets High Profitability ETF 12.2 41 29 6.5 -5.5
EMC Global X Emerging Markets Great Consumer ETF 10.8 75 -5 10.8 -1.3
EEMA iShares MSCI Emerging Markets Asia ETF 10.3 49 21 9.9 -2.1
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 9.9 75 -5 4.6 -7.4
FLAX Franklin FTSE Asia Ex Japan ETF 9.7 19 51 9.0 -3.0
IVRS iShares Future Metaverse Tech and Communications ETF 9.6 47 23 2.5 -9.6
ODDS Pacer BlueStar Digital Entertainment ETF 9.5 60 10 2.1 -9.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 9.4 70 0 9.0 -3.0
BNGE First Trust S-Network Streaming and Gaming ETF 9.4 70 0 2.5 -9.5
GMF SPDR S&P Emerging Asia Pacific ETF 9.2 49 21 9.3 -2.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 9.0 66 4 9.4 -2.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 8.8 30 40 10.1 -1.9
ECON Columbia Emerging Markets Consumer ETF 8.8 49 21 12.1 +0.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 8.7 33 37 9.8 -2.3
ESPO VanEck Video Gaming and eSports ETF 8.6 56 14 3.7 -8.4
BKEM BNY Mellon Emerging Markets Equity ETF 8.5 11 59 9.7 -2.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 8.4 45 25 10.1 -2.0
SCHE Schwab Emerging Markets Equity ETF 8.4 11 59 10.7 -1.4
FDEM Fidelity Emerging Markets Multifactor ETF 8.4 25 45 12.4 +0.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 8.4 15 55 10.0 -2.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 8.3 36 34 9.5 -2.6
MEM Matthews Emerging Markets Equity Active ETF 8.2 79 -9 7.6 -4.5
EEM iShares MSCI Emerging Markets ETF 8.2 69 1 10.0 -2.0
PATN Pacer Nasdaq International Patent Leaders ETF 8.2 65 5 6.0 -6.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 8.0 32 38 8.9 -3.1
VWO Vanguard FTSE Emerging Markets ETF 7.9 7 63 10.0 -2.1
EMGF iShares Emerging Markets Equity Factor ETF 7.8 25 45 11.4 -0.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 7.7 40 30 6.9 -5.1
ESGE iShares ESG Aware MSCI EM ETF 7.6 25 45 9.9 -2.2
SPEM SPDR Portfolio Emerging Markets ETF 7.4 7 63 10.3 -1.7
LDEM iShares ESG MSCI EM Leaders ETF 7.3 17 53 13.5 +1.5
IEMG iShares Core MSCI Emerging Markets ETF 7.0 9 61 10.2 -1.8
JHEM John Hancock Multifactor Emerging Markets ETF 6.9 49 21 9.9 -2.1
CHAT Roundhill Generative AI & Technology ETF 6.8 75 -5 8.8 -3.3
DFAE Dimensional Emerging Core Equity Market ETF 6.6 35 35 9.1 -3.0
ISHP First Trust Nasdaq Retail ETF 6.5 60 10 5.3 -6.8
AVEM Avantis Emerging Markets Equity ETF 6.4 33 37 8.4 -3.6
FMET Fidelity Metaverse ETF 6.4 39 31 4.6 -7.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 6.1 41 29 8.4 -3.6
IXP iShares Global Comm Services ETF 6.0 42 28 5.3 -6.8
AVSE Avantis Responsible Emerging Markets Equity ETF 5.9 33 37 8.2 -3.8
MOTI VanEck Morningstar International Moat ETF 5.9 58 12 11.8 -0.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 5.6 38 32 9.0 -3.1
PXH Invesco FTSE RAFI Emerging Markets ETF 5.5 49 21 15.3 +3.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 5.4 95 -25 11.5 -0.6
OGIG ALPS O'Shares Global Internet Giants ETF 5.4 48 22 1.5 -10.5
FDCF Fidelity Disruptive Communications ETF 5.2 50 20 2.6 -9.4
JIG JPMorgan International Growth ETF 5.0 55 15 4.7 -7.4
ARVR First Trust Indxx Metaverse ETF 4.8 70 0 3.9 -8.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 4.8 59 11 8.6 -3.4
DINT Davis Select International ETF 4.7 55 15 7.8 -4.2
NUEM Nuveen ESG Emerging Markets Equity ETF 4.6 36 34 7.7 -4.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 4.4 39 31 15.9 +3.8
EBIZ Global X E-Commerce ETF 4.3 50 20 3.7 -8.4
AIQ Global X Artificial Intelligence & Technology ETF 4.1 68 2 3.6 -8.4
KGRN KraneShares MSCI China Clean Technology Index ETF 4.0 79 -9 0.3 -11.7
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 3.9 65 5 6.8 -5.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 3.9 30 40 9.0 -3.0
FCA First Trust China AlphaDEX Fund 3.6 80 -10 7.9 -4.1
MOTG VanEck Morningstar Global Wide Moat ETF 3.6 52 18 7.6 -4.5
KSTR KraneShares SSE STAR Market 50 Index ETF 3.6 89 -19 1.1 -10.9
RNEM First Trust Emerging Markets Equity Select ETF 3.6 75 -5 7.6 -4.5
DWLD Davis Select Worldwide ETF 3.5 63 7 7.0 -5.0
IBLC iShares Blockchain and Tech ETF 3.5 47 23 -2.7 -14.8
OND ProShares On-Demand ETF 3.4 58 12 0.6 -11.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 3.2 35 35 17.7 +5.7
METV Roundhill Ball Metaverse ETF 3.2 59 11 7.4 -4.6
ANEW ProShares MSCI Transformational Changes ETF 3.0 45 25 6.1 -6.0
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 3.0 55 15 6.9 -5.2
EMXF iShares ESG Advanced MSCI EM ETF 2.9 16 54 8.3 -3.7
XNTK SPDR NYSE Technology ETF 2.9 35 35 3.5 -8.6
ONLN ProShares Online Retail ETF 2.8 58 12 1.8 -10.2
WUGI AXS Esoterica NextG Economy ETF 2.8 75 -5 2.3 -9.8
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.6 57 13 3.8 -8.3
TTAI FCF International Quality ETF 2.6 59 11 7.3 -4.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.5 41 29 7.4 -4.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.5 60 10 8.1 -3.9
WRND IQ Global Equity R&D Leaders ETF 2.5 18 52 8.0 -4.0
ACWX iShares MSCI ACWI ex U.S. ETF 2.5 34 36 7.6 -4.5
CWI SPDR MSCI ACWI ex-US ETF 2.5 30 40 7.5 -4.6
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 2.5 65 5 4.8 -7.2
CNYA iShares MSCI China A ETF 2.5 60 10 6.2 -5.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.4 18 52 7.8 -4.2
SDG iShares MSCI Global Sustainable Development Goals ETF 2.4 49 21 5.7 -6.3
IPKW Invesco International BuyBack Achievers ETF 2.4 55 15 12.3 +0.3
VEU Vanguard FTSE All-World ex-US Index Fund 2.4 4 66 7.9 -4.1
FEM First Trust Emerging Markets AlphaDEX Fund 2.3 80 -10 10.9 -1.1
VXUS Vanguard Total International Stock ETF 2.2 5 65 7.7 -4.3
IXUS iShares Core MSCI Total International Stock ETF 2.2 7 63 7.7 -4.3
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.9 20 50 4.4 -7.7
TIME Clockwise Core Equity & Innovation ETF 1.9 95 -25 2.8 -9.2
CGXU Capital Group International Focus Equity ETF 1.9 54 16 5.4 -6.6
UMMA Wahed Dow Jones Islamic World ETF 1.9 65 5 5.3 -6.7
FDTX Fidelity Disruptive Technology ETF 1.9 50 20 2.7 -9.4
DSTX Distillate International Fundamental Stability & Value ETF 1.8 55 15 7.7 -4.3
AIS VistaShares Artificial Intelligence Supercycle ETF 1.8 75 -5 2.8 -9.3
HERO Global X Video Games & Esports ETF 1.7 50 20 3.7 -8.4
ECNS iShares MSCI China Small-Cap ETF 1.7 59 11 7.6 -4.4
GINN Goldman Sachs Innovate Equity ETF 1.7 52 18 3.6 -8.4
FCLD Fidelity Cloud Computing ETF 1.6 39 31 3.1 -8.9
BUYZ Franklin Disruptive Commerce ETF 1.5 50 20 2.2 -9.9
IOO iShares Global 100 ETF 1.5 41 29 4.7 -7.4
CGV Conductor Global Equity Value ETF 1.4 130 -60 8.0 -4.0
BWEB Bitwise Web3 ETF 1.4 85 -15 -0.2 -12.2
XT iShares Exponential Technologies ETF 1.3 46 24 4.9 -7.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 1.3 42 28 9.5 -2.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.3 45 25 10.6 -1.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 1.3 25 45 6.5 -5.6
IQDF FlexShares International Quality Dividend Index Fund 1.3 47 23 8.8 -3.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.3 35 35 4.2 -7.8
KOCG FIS Knights of Columbus Global Belief ETF 1.2 75 -5 5.2 -6.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.2 30 40 7.7 -4.3
IBUY Amplify Online Retail ETF 1.2 65 5 0.8 -11.3
CGIE Capital Group International Equity ETF 1.2 54 16 5.0 -7.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.2 58 12 4.2 -7.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.1 70 0 13.0 +1.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.1 50 20 10.7 -1.3
AVES Avantis Emerging Markets Value ETF 1.1 36 34 10.8 -1.3
RAYC Rayliant Quantamental China Equity ETF 1.1 80 -10 7.3 -4.8
RXI iShares Global Consumer Discretionary ETF 1.0 41 29 9.0 -3.0
ERTH Invesco MSCI Sustainable Future ETF 1.0 62 8 3.6 -8.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.0 47 23 8.2 -3.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.0 12 58 5.1 -7.0
DGT SPDR Global Dow ETF 1.0 50 20 6.9 -5.1
KLMT Invesco MSCI Global Climate 500 ETF 1.0 10 60 5.6 -6.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.9 20 50 5.6 -6.5
VSGX Vanguard ESG International Stock ETF 0.9 10 60 7.5 -4.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.9 9 61 5.6 -6.4
ACWI iShares MSCI ACWI ETF 0.9 32 38 5.4 -6.6
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.8 65 5 7.9 -4.1
PGJ Invesco Golden Dragon China ETF 0.8 70 0 11.5 -0.5
APIE ActivePassive International Equity ETF 0.8 45 25 7.4 -4.7
VT Vanguard Total World Stock ETF 0.8 6 64 5.8 -6.3
WFH Direxion Work From Home ETF 0.8 45 25 3.8 -8.2
IGPT Invesco AI and Next Gen Software ETF 0.7 60 10 4.1 -7.9
GLOF iShares Global Equity Factor ETF 0.7 20 50 6.3 -5.7
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.7 90 -20 6.7 -5.4
CNXT VanEck ChiNext ETF 0.6 65 5 3.8 -8.3
AWAY ETFMG Travel Tech ETF 0.6 76 -6 -0.9 -12.9
TRFM AAM Transformers ETF 0.6 49 21 1.3 -10.8
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.5 65 5 2.0 -10.0
QQQS Invesco NASDAQ Future Gen 200 ETF 0.5 20 50 -4.0 -16.1
DFEV Dimensional Emerging Markets Value ETF 0.5 43 27 13.0 +0.9
QQQ Invesco QQQ Trust Series I 0.5 20 50 4.0 -8.1
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.5 49 21 3.7 -8.3
QQQM Invesco NASDAQ 100 ETF 0.5 15 55 4.0 -8.0
KOMP SPDR S&P Kensho New Economies Composite ETF 0.4 20 50 2.5 -9.6
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.4 80 -10 13.5 +1.4
SPYA Twin Oak Endure ETF 0.3 80 -10 -2.1 -14.1
GGME Invesco Next Gen Media and Gaming ETF 0.3 60 10 4.1 -7.9
FBCG Fidelity Blue Chip Growth ETF 0.3 59 11 2.7 -9.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 5 7.7 -4.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 49 3.6 -8.4
ROAM Hartford Multifactor Emerging Markets ETF 0.3 44 26 11.9 -0.1
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 50 4.1 -7.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 31 5.6 -6.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 0 7.6 -4.5
ETEC iShares Breakthrough Environmental Solutions ETF 0.2 47 23 3.3 -8.8
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 50 6.2 -5.9
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -19 4.8 -7.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 12 9.6 -2.5
ICLN iShares Global Clean Energy ETF 0.1 41 29 5.1 -7.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 21 6.7 -5.4
PNQI Invesco NASDAQ Internet ETF 0.0 60 10 3.3 -8.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 31 6.6 -5.5
VYMI Vanguard International High Dividend Yield ETF 0.0 17 53 9.4 -2.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 25 8.7 -3.4

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

  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:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 22.7 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 12.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.47 CATEGORY
AVERAGE		 1.51
 
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.