Invesco China Technology ETF
ALTAR
Score™		 17.7% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 9.0x P/Sales
ratio		 1.9x
P/BV
ratio		 1.4x Div.
yield		 -0.1%


  • 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) $2,754
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 178
Wgt avg mkt cap (mns) $93,073
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 7.3 %
MEITUAN DIANPING 6.9 %
PINDUODUO, INC. SPONSORED ADR CLAS 6.3 %
BAIDU, INC. CLASS A 5.8 %
HUA HONG SEMICONDUCTOR LTD. 5.0 %
KUAISHOU TECHNOLOGY CLASS B 4.4 %
KINGBOARD LAMINATES HOLDING 3.6 %
CAMBRICON TECHNOLOGIES CORP. LTD. 3.2 %
HYGON INFORMATION TECHNOLOGY CO., 2.5 %
SUNNY OPTICAL TECH 2.2 %
Total 47.1 %

TOP COUNTRY EXPOSURE
CHINA 85.1 %
HONG KONG 4.4 %









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.
-5.5% -6.1% -6.5% 3.0% 5.1%

Market Correlations
versus... Beta R-squared
S&P500 1.48 35%
MSCI EAFE 1.16 32%
MSCI Emg. Mkts. 0.92 51%

Technical Indicators
Recent close $46.33
30d moving avg. $52.11
Annualized volatility 35.8%
Short interest (ETF) 8.1%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 713
Turnover 1.2%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $7,499

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 205 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™: 17.7%


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 34.7 69 1 28.4 +10.7
KTEC KraneShares Hang Seng TECH Index ETF 32.8 69 1 24.8 +7.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 25.5 32 38 15.4 -2.3
FDNI First Trust Dow Jones International Internet ETF 21.5 65 5 26.8 +9.1
MCH Matthews China Active ETF 20.0 79 -9 15.4 -2.4
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 19.5 65 5 6.5 -11.2
FLCH Franklin FTSE China ETF 19.3 19 51 19.1 +1.4
CGRO CoreValues Alpha Greater China Growth ETF 18.9 75 -5 5.8 -11.9
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 18.7 60 10 9.3 -8.4
DRGN Themes China Generative Artificial Intelligence ETF 18.3 39 31 10.7 -7.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 16.6 86 -16 13.8 -3.9
FXI iShares China Large-Cap ETF 15.3 74 -4 21.6 +3.9
MCHI iShares MSCI China ETF 14.8 59 11 21.4 +3.7
GXC SPDR S & P China ETF 14.6 59 11 19.8 +2.1
JCHI JPMorgan Active China ETF 14.4 65 5 16.2 -1.5
SOCL Global X Social Media ETF 14.1 65 5 13.7 -4.0
CHIQ Global X MSCI China Consumer Discretionary ETF 13.2 65 5 15.9 -1.8
BKF iShares MSCI BIC ETF 11.6 69 1 15.1 -2.6
KSTR KraneShares SSE STAR Market 50 Index ETF 11.4 89 -19 0.8 -16.9
BNGE First Trust S-Network Streaming and Gaming ETF 9.7 70 0 3.0 -14.7
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 9.7 55 15 6.6 -11.1
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 8.9 75 -5 3.2 -14.5
ODDS Pacer BlueStar Digital Entertainment ETF 8.2 60 10 4.5 -13.2
ESPO VanEck Video Gaming and eSports ETF 8.1 56 14 6.3 -11.4
EMXF iShares ESG Advanced MSCI EM ETF 7.1 16 54 6.5 -11.3
FMET Fidelity Metaverse ETF 7.0 39 31 4.3 -13.4
OGIG ALPS O'Shares Global Internet Giants ETF 7.0 48 22 2.5 -15.2
LDEM iShares ESG MSCI EM Leaders ETF 6.9 17 53 12.6 -5.1
EMC Global X Emerging Markets Great Consumer ETF 6.4 75 -5 7.1 -10.7
AIA iShares Asia 50 ETF 6.4 50 20 7.4 -10.3
MINV Matthews Asia Innovators Active ETF 6.4 79 -9 5.8 -11.9
DEHP Dimensional Emerging Markets High Profitability ETF 6.2 41 29 4.7 -13.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 6.2 15 55 8.8 -8.9
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 6.1 65 5 4.8 -12.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 6.1 32 38 7.4 -10.3
GMF SPDR S&P Emerging Asia Pacific ETF 5.7 49 21 8.5 -9.2
FLAX Franklin FTSE Asia Ex Japan ETF 5.7 19 51 7.0 -10.7
OND ProShares On-Demand ETF 5.6 58 12 0.6 -17.2
EEMA iShares MSCI Emerging Markets Asia ETF 5.5 49 21 7.4 -10.4
JADE JPMorgan Active Developing Markets Equity ETF 5.5 65 5 5.8 -11.9
VWO Vanguard FTSE Emerging Markets ETF 5.5 7 63 9.1 -8.6
SCHE Schwab Emerging Markets Equity ETF 5.3 11 59 9.3 -8.4
IXP iShares Global Comm Services ETF 5.0 42 28 5.8 -11.9
BKEM BNY Mellon Emerging Markets Equity ETF 5.0 11 59 23.9 +6.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 4.9 70 0 6.8 -11.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 4.9 36 34 7.5 -10.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 4.9 33 37 6.6 -11.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 4.9 15 55 7.9 -9.9
NUEM Nuveen ESG Emerging Markets Equity ETF 4.8 36 34 5.7 -12.0
SPEM SPDR Portfolio Emerging Markets ETF 4.7 7 63 9.4 -8.3
JHEM John Hancock Multifactor Emerging Markets ETF 4.7 49 21 7.3 -10.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 4.7 66 4 7.3 -10.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 4.7 42 28 4.1 -13.6
ABLG Abacus FCF International Leaders ETF 4.6 59 11 6.6 -11.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 4.5 45 25 7.9 -9.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 4.5 30 40 7.8 -9.9
ISHP First Trust Nasdaq Retail ETF 4.4 60 10 5.5 -12.2
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 4.4 69 1 7.6 -10.1
EEM iShares MSCI Emerging Markets ETF 4.4 69 1 7.7 -10.1
FDEM Fidelity Emerging Markets Multifactor ETF 4.3 25 45 10.2 -7.5
ARVR First Trust Indxx Metaverse ETF 4.3 70 0 3.5 -14.2
PATN Pacer Nasdaq International Patent Leaders ETF 4.1 65 5 4.1 -13.7
EMGF iShares Emerging Markets Equity Factor ETF 4.0 25 45 8.7 -9.0
IBLC iShares Blockchain and Tech ETF 4.0 47 23 -1.3 -19.0
EMMF WisdomTree Emerging Markets Multifactor Fund 3.9 48 22 8.4 -9.3
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 3.9 88 -18 8.5 -9.2
IEMG iShares Core MSCI Emerging Markets ETF 3.9 9 61 8.0 -9.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.9 60 10 6.6 -11.2
EBIZ Global X E-Commerce ETF 3.9 50 20 4.9 -12.8
ESGE iShares ESG Aware MSCI EM ETF 3.8 25 45 8.0 -9.7
PXH Invesco FTSE RAFI Emerging Markets ETF 3.7 49 21 13.0 -4.8
DFAE Dimensional Emerging Core Equity Market ETF 3.7 35 35 6.8 -10.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 3.7 41 29 6.8 -11.0
PCGG Polen Capital Global Growth ETF 3.6 85 -15 3.9 -13.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.5 75 -5 1.9 -15.8
MEM Matthews Emerging Markets Equity Active ETF 3.4 79 -9 8.5 -9.3
ECNS iShares MSCI China Small-Cap ETF 3.3 59 11 10.2 -7.5
AVEM Avantis Emerging Markets Equity ETF 3.2 33 37 6.9 -10.8
METV Roundhill Ball Metaverse ETF 3.2 59 11 7.4 -10.3
AIQ Global X Artificial Intelligence & Technology ETF 3.2 68 2 2.7 -15.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 3.2 95 -25 9.4 -8.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 3.1 39 31 13.1 -4.6
CNYA iShares MSCI China A ETF 3.1 60 10 6.7 -11.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 3.0 38 32 6.8 -10.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.9 59 11 8.3 -9.4
AVSE Avantis Responsible Emerging Markets Equity ETF 2.8 33 37 6.5 -11.2
FDCF Fidelity Disruptive Communications ETF 2.6 50 20 1.8 -15.9
MOTG VanEck Morningstar Global Wide Moat ETF 2.6 52 18 8.1 -9.7
IPKW Invesco International BuyBack Achievers ETF 2.6 55 15 7.7 -10.0
TTAI FCF International Quality ETF 2.6 59 11 7.1 -10.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 2.6 80 -10 7.0 -10.7
RNEM First Trust Emerging Markets Equity Select ETF 2.5 75 -5 7.8 -9.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 2.5 40 30 6.0 -11.7
DINT Davis Select International ETF 2.5 55 15 6.1 -11.6
FCA First Trust China AlphaDEX Fund 2.4 80 -10 8.4 -9.3
ANEW ProShares MSCI Transformational Changes ETF 2.4 45 25 4.3 -13.5
IPOS Renaissance International IPO ETF 2.4 80 -10 0.0 -17.7
ECON Columbia Emerging Markets Consumer ETF 2.4 49 21 6.4 -11.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.4 30 40 7.3 -10.4
MOTI VanEck Morningstar International Moat ETF 2.3 58 12 10.2 -7.5
GINN Goldman Sachs Innovate Equity ETF 2.3 52 18 3.7 -14.0
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.2 57 13 2.5 -15.2
ONLN ProShares Online Retail ETF 2.2 58 12 1.4 -16.3
CDIG City Different Investments Global Equity ETF 2.1 75 -5 -1.6 -19.3
AIS VistaShares Artificial Intelligence Supercycle ETF 2.0 75 -5 1.0 -16.8
ROAM Hartford Multifactor Emerging Markets ETF 2.0 44 26 7.3 -10.4
PGJ Invesco Golden Dragon China ETF 1.8 70 0 17.3 -0.4
LIT Global X Lithium & Battery Tech ETF 1.8 75 -5 5.6 -12.1
AIVC Amplify Bloomberg AI Value Chain ETF 1.8 59 11 3.5 -14.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.7 45 25 9.5 -8.2
JIG JPMorgan International Growth ETF 1.7 55 15 3.6 -14.1
CNXT VanEck ChiNext ETF 1.7 65 5 3.2 -14.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.7 18 52 6.2 -11.5
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.6 65 5 1.4 -16.4
VEU Vanguard FTSE All-World ex-US Index Fund 1.6 4 66 6.6 -11.2
BOTZ Global X Robotics & Artificial Intelligence ETF 1.6 69 1 2.1 -15.6
DWLD Davis Select Worldwide ETF 1.6 63 7 7.0 -10.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.5 41 29 5.9 -11.8
VXUS Vanguard Total International Stock ETF 1.4 5 65 6.5 -11.2
CWI SPDR MSCI ACWI ex-US ETF 1.4 30 40 6.3 -11.4
BUYZ Franklin Disruptive Commerce ETF 1.4 50 20 2.6 -15.2
ACWX iShares MSCI ACWI ex U.S. ETF 1.4 34 36 6.2 -11.5
BWEB Bitwise Web3 ETF 1.4 85 -15 -0.1 -17.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.4 70 0 9.4 -8.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.4 35 35 9.8 -7.9
AVEE Avantis Emerging Markets Small Cap Equity ETF 1.4 42 28 7.6 -10.1
CGXU Capital Group International Focus Equity ETF 1.3 54 16 3.7 -14.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.3 72 -2 2.6 -15.1
IXUS iShares Core MSCI Total International Stock ETF 1.3 7 63 6.5 -11.3
KOCG FIS Knights of Columbus Global Belief ETF 1.2 75 -5 4.6 -13.1
IBUY Amplify Online Retail ETF 1.2 65 5 2.3 -15.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 1.1 25 45 5.9 -11.9
AVES Avantis Emerging Markets Value ETF 1.1 36 34 8.9 -8.9
SDG iShares MSCI Global Sustainable Development Goals ETF 1.1 49 21 4.6 -13.1
KGRN KraneShares MSCI China Clean Technology Index ETF 1.1 79 -9 4.1 -13.6
UMMA Wahed Dow Jones Islamic World ETF 1.1 65 5 3.6 -14.1
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.0 20 50 4.2 -13.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.0 50 20 7.9 -9.8
HERO Global X Video Games & Esports ETF 0.9 50 20 5.6 -12.1
NERD Roundhill Video Games ETF 0.9 50 20 7.4 -10.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.9 80 -10 6.6 -11.2
RXI iShares Global Consumer Discretionary ETF 0.9 41 29 8.7 -9.0
FCLD Fidelity Cloud Computing ETF 0.9 39 31 2.7 -15.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.9 30 40 6.2 -11.5
GGME Invesco Next Gen Media and Gaming ETF 0.8 60 10 4.4 -13.3
SNSR Global X Internet of Things ETF 0.8 68 2 3.5 -14.2
IOO iShares Global 100 ETF 0.8 41 29 3.8 -13.9
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.8 50 20 4.8 -12.9
VSGX Vanguard ESG International Stock ETF 0.8 10 60 6.4 -11.3
EEMO Invesco S&P Emerging Markets Momentum ETF 0.7 29 41 6.3 -11.4
TIIV AAM Todd International Intrinsic Value ETF 0.7 54 16 9.4 -8.3
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.7 70 0 6.4 -11.3
CGIE Capital Group International Equity ETF 0.7 54 16 4.5 -13.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.7 35 35 3.5 -14.2
FRGN Horizon International Equity ETF 0.6 75 -5 7.7 -10.1
ERTH Invesco MSCI Sustainable Future ETF 0.6 62 8 3.4 -14.3
IGPT Invesco AI and Next Gen Software ETF 0.6 60 10 2.4 -15.3
KLMT Invesco MSCI Global Climate 500 ETF 0.6 10 60 4.9 -12.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 21 5.9 -11.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.6 9 61 4.8 -12.9
FEM First Trust Emerging Markets AlphaDEX Fund 0.5 80 -10 8.5 -9.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 31 6.6 -11.2
VT Vanguard Total World Stock ETF 0.5 6 64 4.9 -12.8
TRFM AAM Transformers ETF 0.5 49 21 1.0 -16.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.5 65 5 7.1 -10.6
IQDF FlexShares International Quality Dividend Index Fund 0.5 47 23 7.2 -10.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.5 12 58 4.4 -13.3
ACWI iShares MSCI ACWI ETF 0.5 32 38 4.6 -13.1
CARZ First Trust NASDAQ Global Auto Index Fund 0.5 70 0 2.4 -15.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 50 4.7 -13.0
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.5 80 -10 12.1 -5.6
XT iShares Exponential Technologies ETF 0.5 46 24 4.0 -13.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.5 58 12 8.4 -9.3
DFEV Dimensional Emerging Markets Value ETF 0.4 43 27 9.0 -8.7
GEW Cambria Global EW ETF 0.4 29 41 5.3 -12.4
DGT State Street SPDR Global Dow ETF 0.4 50 20 5.5 -12.2
SDIV Global X Superdividend ETF 0.4 58 12 13.8 -3.9
DVYE iShares Emerging Markets Dividend ETF 0.4 49 21 16.7 -1.0
AWAY ETFMG Travel Tech ETF 0.4 76 -6 1.1 -16.6
QQQS Invesco NASDAQ Future Gen 200 ETF 0.4 20 50 -3.4 -21.1
GLOF iShares Global Equity Factor ETF 0.3 20 50 5.5 -12.3
GPT Intelligent Alpha Atlas ETF 0.3 69 1 6.2 -11.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.3 39 31 6.1 -11.6
OBOR KraneShares MSCI One Belt One Road Index ETF 0.3 79 -9 7.0 -10.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.3 47 23 7.0 -10.7
APIE ActivePassive International Equity ETF 0.3 45 25 6.3 -11.4
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 50 5.6 -12.1
QQQM Invesco NASDAQ 100 ETF 0.2 15 55 3.4 -14.4
QQQ Invesco QQQ Trust Series I 0.2 20 50 3.3 -14.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.2 44 26 9.2 -8.6
QQMG Invesco ESG NASDAQ 100 ETF 0.2 20 50 3.3 -14.5
JIVE JPMorgan International Value ETF 0.2 55 15 7.8 -10.0
AQLT iShares MSCI Global Quality Factor ETF 0.2 18 52 0.0 -17.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 49 3.0 -14.8
ETEC iShares Breakthrough Environmental Solutions ETF 0.1 47 23 3.3 -14.4
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.1 20 50 0.8 -16.9
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -19 4.3 -13.4
ICLN iShares Global Clean Energy ETF 0.1 41 29 2.1 -15.6
PNQI Invesco NASDAQ Internet ETF 0.0 60 10 3.7 -14.0
BKIE BNY Mellon International Equity ETF 0.0 4 66 17.5 -0.2
WRND IQ Global Equity R&D Leaders ETF 0.0 18 52 4.1 -13.6
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 50 5.7 -12.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 5 6.6 -11.2
VYMI Vanguard International High Dividend Yield ETF 0.0 17 53 7.6 -10.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 25 6.5 -11.2

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 1.3 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 17.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.48 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.