Invesco China Technology ETF
ALTAR
Score™		 14.5% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 11.1x P/Sales
ratio		 2.3x
P/BV
ratio		 1.8x 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) $2,586
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 56
Wgt avg mkt cap (mns) $101,977
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 9.5 %
PINDUODUO, INC. SPONSORED ADR CLAS 8.7 %
MEITUAN DIANPING 8.0 %
BAIDU, INC. CLASS A 7.6 %
KUAISHOU TECHNOLOGY CLASS B 6.4 %
HORIZON ROBOTICS 4.0 %
SENSETIME GROUP INC 3.6 %
BILIBILI, INC. CLASS Z 3.1 %
SUNNY OPTICAL TECH 2.9 %
HUA HONG SEMICONDUCTOR LTD. 2.8 %
Total 56.6 %

TOP COUNTRY EXPOSURE
CHINA 67.3 %
HONG KONG 0.5 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
42.5% 36.2% -5.2% 5.4% 6.1%

Market Correlations
versus... Beta R-squared
S&P500 0.97 12%
MSCI EAFE 1.19 24%
MSCI Emg. Mkts. 1.47 43%

Technical Indicators
Recent close $55.08
30d moving avg. $57.28
Annualized volatility 35.8%
Short interest (ETF) 13.0%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 2,048
Turnover 4.4%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $7,499

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 195 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™: 14.5%


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 35.9 69 1 24.5 +10.0
TCHI iShares MSCI China Multisector Tech ETF 31.9 59 11 15.8 +1.3
KTEC KraneShares Hang Seng TECH Index ETF 31.1 69 1 18.9 +4.4
FDNI First Trust Dow Jones International Internet ETF 25.8 65 5 21.4 +6.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 24.3 86 -16 13.6 -0.9
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 23.1 60 10 10.0 -4.6
CGRO CoreValues Alpha Greater China Growth ETF 21.8 75 -5 3.4 -11.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 21.3 32 38 13.0 -1.5
MCH Matthews China Active ETF 19.6 79 -9 13.5 -1.0
FLCH Franklin FTSE China ETF 19.1 19 51 14.9 +0.4
MCHI iShares MSCI China ETF 18.8 59 11 16.2 +1.6
FXI iShares China Large-Cap ETF 18.7 74 -4 16.4 +1.9
GXC SPDR S&P China ETF 17.6 59 11 15.2 +0.6
SOCL Global X Social Media ETF 17.4 65 5 10.9 -3.6
JCHI JPMorgan Active China ETF 17.2 65 5 13.8 -0.8
KALL KraneShares MSCI All China Index ETF 16.9 49 21 12.7 -1.9
CHIQ Global X MSCI China Consumer Discretionary ETF 16.0 65 5 13.8 -0.7
MINV Matthews Asia Innovators Active ETF 15.6 79 -9 6.8 -7.7
BKF iShares MSCI BIC ETF 14.9 69 1 12.7 -1.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 12.9 15 55 7.3 -7.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 12.8 20 50 9.6 -4.9
AIA iShares Asia 50 ETF 12.8 50 20 12.3 -2.2
EMC Global X Emerging Markets Great Consumer ETF 12.1 75 -5 7.3 -7.2
DEHP Dimensional Emerging Markets High Profitability ETF 11.9 41 29 6.3 -8.3
EEMO Invesco S&P Emerging Markets Momentum ETF 10.3 29 41 7.5 -7.0
IVRS iShares Future Metaverse Tech and Communications ETF 10.1 47 23 3.2 -11.4
ESPO VanEck Video Gaming and eSports ETF 10.0 56 14 5.1 -9.4
EEMA iShares MSCI Emerging Markets Asia ETF 9.9 49 21 8.9 -5.7
ODDS Pacer BlueStar Digital Entertainment ETF 9.9 60 10 2.7 -11.8
FLAX Franklin FTSE Asia Ex Japan ETF 9.7 19 51 8.3 -6.3
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 9.5 75 -5 3.3 -11.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 9.1 70 0 8.3 -6.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 9.0 66 4 8.8 -5.8
GMF SPDR S&P Emerging Asia Pacific ETF 8.8 49 21 9.3 -5.3
ECON Columbia Emerging Markets Consumer ETF 8.8 49 21 11.4 -3.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 8.7 33 37 9.2 -5.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 8.5 30 40 9.4 -5.1
BKEM BNY Mellon Emerging Markets Equity ETF 8.5 11 59 9.1 -5.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 8.4 45 25 9.4 -5.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 8.4 15 55 9.5 -5.1
FDEM Fidelity Emerging Markets Multifactor ETF 8.3 25 45 11.9 -2.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 8.3 36 34 8.9 -5.6
BNGE First Trust S-Network Streaming and Gaming ETF 8.3 70 0 2.8 -11.8
SCHE Schwab Emerging Markets Equity ETF 8.2 11 59 10.3 -4.2
MEM Matthews Emerging Markets Equity Active ETF 8.2 79 -9 7.2 -7.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 8.0 32 38 8.3 -6.3
EEM iShares MSCI Emerging Markets ETF 7.9 69 1 9.3 -5.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 7.7 40 30 6.6 -8.0
VWO Vanguard FTSE Emerging Markets ETF 7.6 7 63 10.0 -4.6
EMGF iShares Emerging Markets Equity Factor ETF 7.5 25 45 10.6 -4.0
PATN Pacer Nasdaq International Patent Leaders ETF 7.5 65 5 5.3 -9.2
SPEM SPDR Portfolio Emerging Markets ETF 7.3 7 63 10.2 -4.4
ESGE iShares ESG Aware MSCI EM ETF 7.3 25 45 9.2 -5.4
LDEM iShares ESG MSCI EM Leaders ETF 7.1 17 53 13.7 -0.9
FMET Fidelity Metaverse ETF 7.0 39 31 4.7 -9.9
JHEM John Hancock Multifactor Emerging Markets ETF 6.9 49 21 9.3 -5.3
IEMG iShares Core MSCI Emerging Markets ETF 6.8 9 61 9.6 -4.9
ISHP First Trust Nasdaq Retail ETF 6.5 60 10 5.5 -9.0
AVEM Avantis Emerging Markets Equity ETF 6.5 33 37 8.1 -6.4
DFAE Dimensional Emerging Core Equity Market ETF 6.4 35 35 8.5 -6.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 6.3 41 29 8.1 -6.5
AVSE Avantis Responsible Emerging Markets Equity ETF 6.0 33 37 7.9 -6.7
IXP iShares Global Comm Services ETF 5.8 42 28 5.9 -8.6
OGIG ALPS O'Shares Global Internet Giants ETF 5.8 48 22 2.2 -12.4
PXH Invesco FTSE RAFI Emerging Markets ETF 5.7 49 21 14.6 +0.1
MOTI VanEck Morningstar International Moat ETF 5.3 58 12 10.6 -3.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 5.3 38 32 8.5 -6.1
CHAT Roundhill Generative AI & Technology ETF 5.3 75 -5 7.4 -7.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 5.3 95 -25 10.9 -3.6
FCA First Trust China AlphaDEX Fund 5.3 80 -10 8.9 -5.7
FDCF Fidelity Disruptive Communications ETF 5.2 50 20 4.2 -10.4
ARVR First Trust Indxx Metaverse ETF 5.2 70 0 4.1 -10.5
JIG JPMorgan International Growth ETF 5.0 55 15 4.6 -10.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 4.9 59 11 8.5 -6.1
DINT Davis Select International ETF 4.7 55 15 7.7 -6.9
NUEM Nuveen ESG Emerging Markets Equity ETF 4.6 36 34 7.2 -7.4
EBIZ Global X E-Commerce ETF 4.6 50 20 4.0 -10.5
MOTG VanEck Morningstar Global Wide Moat ETF 4.4 52 18 8.8 -5.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 4.0 39 31 15.3 +0.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 3.9 30 40 8.6 -5.9
AIQ Global X Artificial Intelligence & Technology ETF 3.7 68 2 3.6 -11.0
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 3.6 65 5 6.8 -7.7
DWLD Davis Select Worldwide ETF 3.5 63 7 7.2 -7.3
KGRN KraneShares MSCI China Clean Technology Index ETF 3.5 79 -9 0.4 -14.2
KSTR KraneShares SSE STAR Market 50 Index ETF 3.4 89 -19 0.8 -13.7
METV Roundhill Ball Metaverse ETF 3.2 59 11 8.9 -5.6
OND ProShares On-Demand ETF 3.1 58 12 -0.5 -15.0
ANEW ProShares MSCI Transformational Changes ETF 3.0 45 25 5.2 -9.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 3.0 35 35 15.9 +1.4
IBLC iShares Blockchain and Tech ETF 2.9 47 23 -1.5 -16.0
EMXF iShares ESG Advanced MSCI EM ETF 2.9 16 54 7.8 -6.7
ONLN ProShares Online Retail ETF 2.8 58 12 2.4 -12.1
IPKW Invesco International BuyBack Achievers ETF 2.8 55 15 8.9 -5.6
RNEM First Trust Emerging Markets Equity Select ETF 2.8 75 -5 8.4 -6.1
XNTK SPDR NYSE Technology ETF 2.8 35 35 3.6 -11.0
WUGI AXS Esoterica NextG Economy ETF 2.8 75 -5 2.3 -12.3
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 2.7 55 15 7.1 -7.5
SDG iShares MSCI Global Sustainable Development Goals ETF 2.6 49 21 4.9 -9.6
TTAI FCF International Quality ETF 2.6 59 11 7.2 -7.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.5 41 29 7.1 -7.4
WRND IQ Global Equity R&D Leaders ETF 2.5 18 52 7.6 -7.0
CNYA iShares MSCI China A ETF 2.5 60 10 6.9 -7.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.5 60 10 8.0 -6.5
ACWX iShares MSCI ACWI ex U.S. ETF 2.4 34 36 7.3 -7.3
CWI SPDR MSCI ACWI ex-US ETF 2.4 30 40 7.3 -7.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.4 18 52 7.2 -7.3
VEU Vanguard FTSE All-World ex-US Index Fund 2.3 4 66 7.7 -6.9
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 2.3 65 5 5.0 -9.6
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.2 57 13 3.9 -10.6
IXUS iShares Core MSCI Total International Stock ETF 2.1 7 63 7.5 -7.0
VXUS Vanguard Total International Stock ETF 2.1 5 65 7.6 -7.0
QNXT iShares Nasdaq-100 ex Top 30 ETF 2.0 20 50 4.8 -9.8
CGXU Capital Group International Focus Equity ETF 1.9 54 16 5.4 -9.2
FDTX Fidelity Disruptive Technology ETF 1.9 50 20 2.5 -12.1
UMMA Wahed Dow Jones Islamic World ETF 1.8 65 5 4.8 -9.7
AIS VistaShares Artificial Intelligence Supercycle ETF 1.7 75 -5 2.5 -12.1
GINN Goldman Sachs Innovate Equity ETF 1.7 52 18 3.6 -10.9
HERO Global X Video Games & Esports ETF 1.6 50 20 4.4 -10.2
NERD Roundhill Video Games ETF 1.6 50 20 6.4 -8.2
DSTX Distillate International Fundamental Stability & Value ETF 1.6 55 15 7.7 -6.9
FCLD Fidelity Cloud Computing ETF 1.6 39 31 3.2 -11.3
BUYZ Franklin Disruptive Commerce ETF 1.5 50 20 2.5 -12.0
CGV Conductor Global Equity Value ETF 1.4 130 -60 8.0 -6.5
IOO iShares Global 100 ETF 1.4 41 29 4.6 -10.0
BWEB Bitwise Web3 ETF 1.4 85 -15 -0.1 -14.6
ECNS iShares MSCI China Small-Cap ETF 1.3 59 11 9.0 -5.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.3 30 40 7.5 -7.0
AVEE Avantis Emerging Markets Small Cap Equity ETF 1.3 42 28 9.5 -5.0
IBUY Amplify Online Retail ETF 1.3 65 5 2.7 -11.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 1.3 25 45 6.4 -8.2
IQDF FlexShares International Quality Dividend Index Fund 1.3 47 23 8.5 -6.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.3 35 35 4.2 -10.4
KOCG FIS Knights of Columbus Global Belief ETF 1.2 75 -5 4.8 -9.7
CGIE Capital Group International Equity ETF 1.2 54 16 4.9 -9.7
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.2 45 25 10.0 -4.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.1 50 20 10.2 -4.4
RXI iShares Global Consumer Discretionary ETF 1.1 41 29 8.2 -6.3
AVES Avantis Emerging Markets Value ETF 1.1 36 34 10.7 -3.9
RAYC Rayliant Quantamental China Equity ETF 1.1 80 -10 8.1 -6.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.1 70 0 11.6 -2.9
XT iShares Exponential Technologies ETF 1.0 46 24 4.6 -9.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.0 47 23 7.8 -6.7
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.0 61 9 2.0 -12.6
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.0 58 12 4.5 -10.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.0 12 58 5.1 -9.5
KLMT Invesco MSCI Global Climate 500 ETF 1.0 10 60 5.6 -8.9
ERTH Invesco MSCI Sustainable Future ETF 1.0 62 8 3.3 -11.2
VSGX Vanguard ESG International Stock ETF 0.9 10 60 7.5 -7.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.9 20 50 5.5 -9.0
APIE ActivePassive International Equity ETF 0.9 45 25 7.1 -7.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.9 9 61 5.5 -9.0
ACWI iShares MSCI ACWI ETF 0.9 32 38 5.4 -9.2
IGPT Invesco AI and Next Gen Software ETF 0.8 60 10 4.2 -10.3
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.8 61 9 -0.6 -15.1
VT Vanguard Total World Stock ETF 0.8 6 64 5.7 -8.8
GLOF iShares Global Equity Factor ETF 0.8 20 50 6.7 -7.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 5 8.1 -6.5
PGJ Invesco Golden Dragon China ETF 0.7 70 0 13.2 -1.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.6 90 -20 4.9 -9.7
DGT SPDR Global Dow ETF 0.6 50 20 6.6 -7.9
WFH Direxion Work From Home ETF 0.6 45 25 3.7 -10.8
CNXT VanEck ChiNext ETF 0.5 65 5 3.7 -10.9
QQQS Invesco NASDAQ Future Gen 200 ETF 0.5 20 50 -4.7 -19.2
QQQ Invesco QQQ Trust Series I 0.5 20 50 4.1 -10.4
QQQM Invesco NASDAQ 100 ETF 0.5 15 55 4.2 -10.4
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.5 80 -10 9.4 -5.1
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.5 49 21 3.8 -10.8
AWAY ETFMG Travel Tech ETF 0.5 76 -6 -0.1 -14.6
TRFM AAM Transformers ETF 0.4 49 21 1.2 -13.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.4 65 5 1.9 -12.6
FEM First Trust Emerging Markets AlphaDEX Fund 0.4 80 -10 11.3 -3.2
KOMP SPDR S&P Kensho New Economies Composite ETF 0.4 20 50 2.8 -11.7
SPYA Twin Oak Endure ETF 0.4 80 -10 -0.4 -15.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.3 80 -10 8.7 -5.9
FBCG Fidelity Blue Chip Growth ETF 0.3 59 11 2.9 -11.6
DFEV Dimensional Emerging Markets Value ETF 0.3 43 27 11.8 -2.8
GGME Invesco Next Gen Media and Gaming ETF 0.3 60 10 4.6 -9.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 49 3.7 -10.8
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.3 80 -10 14.0 -0.5
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 50 4.1 -10.4
ROAM Hartford Multifactor Emerging Markets ETF 0.3 44 26 11.1 -3.5
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 31 5.8 -8.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 0 7.5 -7.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 12 9.4 -5.1
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 50 6.0 -8.6
ETEC iShares Breakthrough Environmental Solutions ETF 0.1 47 23 3.5 -11.1
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -19 5.1 -9.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 21 7.0 -7.6
ICLN iShares Global Clean Energy ETF 0.1 41 29 3.0 -11.5
PNQI Invesco NASDAQ Internet ETF 0.0 60 10 3.6 -11.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 5 7.7 -6.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 31 6.4 -8.2
VYMI Vanguard International High Dividend Yield ETF 0.0 17 53 9.1 -5.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 25 8.5 -6.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 62 7.3 -7.3

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

  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:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 23.5 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 14.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.47 CATEGORY
AVERAGE		 1.53
 
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.