Columbia Emerging Markets Consumer ETF
ALTAR
Score™
4.9% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
23.5x P/Sales
ratio
1.7x
P/BV
ratio
3.3x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Columbia Emerging Markets Consumer ETF& tracks a market-cap-weighted index of 30 leading emerging markets companies in the consumer goods & services industry.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Columbia
Website www.columbiathreadneedleetf.com
Inception date Sep 14, 2010
Assets (mns) $169
Currency USD
Expense ratio 59 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 61
Wgt avg mkt cap (mns) $114,371
Large cap (>$10bn) 87.0%
Mid cap ($2-10bn) 10.3%
Small cap (<$2bn) 1.2%
Developed mkts 21.7%
Emerging mkts 74.8%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 5.5 %
MEITUAN DIANPING 5.4 %
TENCENT HOLDINGS LTD 5.4 %
JD.COM INC-ADR 5.2 %
HINDUSTAN UNILEVER LIMITED 4.9 %
CHINA MOBILE LIMITED 4.1 %
BAIDU INC - SPON ADR 4.0 %
NETEASE.COM INC-ADR 4.0 %
TAL EDUCATION GROUP UNSPONSORED AD 3.7 %
CHUNGHWA TELECOM CO., LTD 3.3 %
Total 45.6 %

TOP COUNTRY EXPOSURE
CHINA 47.8 %
INDIA 11.6 %
TAIWAN 10.4 %
HONG KONG 8.9 %
BRAZIL 4.0 %
SAUDI ARABIA 3.6 %
NETHERLANDS 2.7 %
SOUTH AFRICA 2.7 %
THAILAND 2.3 %
MEXICO 2.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
6.7% 16.1% 3.9% -- 2.4%

Market Correlations
versus... Beta R-squared
S&P500 0.73 62%
MSCI EAFE 0.89 75%
MSCI Emg. Mkts. 0.75 83%

Technical Indicators
Recent close $25.93
30d moving avg. $25.29
Annualized volatility 16.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 30
Turnover 0.5%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $9,089

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Columbia Emerging Markets Consumer ETF ETF based on the alternatives' overlap in portfolio holdings with ECON. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ECON Expense: 59 bp ALTAR Score™: 4.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ECON
Ticker Fund
Name
Overlap1
vs ECON
(%)
Expense
ratio
(bp)
Savings
vs ECON
(bp)
ALTAR
Score™
(%)
ALTAR
vs ECON
(%)
CXSE WisdomTree China ex-State-Owned Enterprises Fund 45.5 32 27 11.3 +6.4
CHIL Global X MSCI China Large-Cap 50 ETF 36.7 29 30 7.4 +2.5
KWEB KraneShares CSI China Internet ETF 35.5 76 -17 2.0 -2.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 33.8 86 -27 2.1 -2.8
CHIQ Global X China Consumer ETF 31.1 65 -6 6.6 +1.8
FDNI First Trust Dow Jones International Internet ETF 29.2 65 -6 2.0 -2.9
TTTN UP Fintech China-U.S. Internet Titans ETF 28.7 59 0 4.2 -0.7
MCHI iShares MSCI China ETF 28.6 59 0 7.6 +2.7
FLCH Franklin FTSE China ETF 27.6 19 40 8.1 +3.2
GXC SPDR S&P China ETF 27.1 59 0 7.6 +2.7
PGJ Invesco Golden Dragon China ETF 27.1 70 -11 3.3 -1.6
FNI First Trust Chindia ETF 26.9 60 -1 2.4 -2.5
BKF iShares MSCI BRIC ETF 26.7 69 -10 7.3 +2.4
EEMO Invesco S&P Emerging Markets Momentum ETF 25.3 29 30 4.0 -0.9
KALL KraneShares FTSE Emerging Markets Plus ETF 25.1 49 10 7.8 +3.0
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 24.6 60 -1 4.4 -0.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 23.3 30 29 7.6 +2.7
GMF SPDR S&P Emerging Asia Pacific ETF 23.2 49 10 7.0 +2.1
EEMA iShares MSCI Emerging Markets Asia ETF 23.1 50 9 7.6 +2.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 22.9 45 14 7.5 +2.6
CN Xtrackers MSCI All China Equity ETF 22.7 50 9 7.9 +3.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 22.2 32 27 5.6 +0.7
SCHE Schwab Emerging Markets Equity ETF 21.9 11 48 7.8 +3.0
NUEM Nuveen ESG Emerging Markets Equity ETF 21.8 45 14 6.7 +1.8
SPEM SPDR Portfolio Emerging Markets ETF 21.8 11 48 7.7 +2.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 21.6 65 -6 7.4 +2.5
JHEM John Hancock Multifactor Emerging Markets ETF 21.4 49 10 8.7 +3.8
EEM iShares MSCI Emerging Markets ETF 21.3 68 -9 7.3 +2.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 21.1 68 -9 7.0 +2.1
ESGE iShares ESG MSCI EM ETF 21.1 25 34 8.5 +3.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 20.9 36 23 7.2 +2.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 20.8 40 19 7.2 +2.3
PBEE Invesco PureBeta FTSE Emerging Markets ETF 20.7 15 44 8.3 +3.5
DVEM WisdomTree Emerging Markets Dividend Fund 20.6 32 27 7.2 +2.3
CHIC Global X Nasdaq China Technology ETF 20.6 66 -7 4.1 -0.8
FLAX Franklin FTSE Asia Ex Japan ETF 20.5 19 40 7.6 +2.7
VWO Vanguard FTSE Emerging Markets ETF 20.3 10 49 7.9 +3.0
IEMG iShares Core MSCI Emerging Markets ETF 20.3 13 46 7.8 +2.9
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 20.1 18 41 4.8 -0.1
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 19.8 25 34 7.9 +3.0
PEK VanEck Vectors ChinaAMC CSI 300 ETF 19.6 60 -1 3.8 -1.1
DINT Davis Select International ETF 19.2 68 -9 5.7 +0.8
FDEM Fidelity Targeted Emerging Markets Factor ETF 19.0 45 14 8.5 +3.6
FXI iShares China Large-Cap ETF 18.9 74 -15 13.1 +8.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 18.8 20 39 6.7 +1.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 18.7 95 -36 8.0 +3.1
GBUY Goldman Sachs Motif New Age Consumer ETF 18.1 50 9 1.7 -3.2
ISEM Invesco Strategic Emerging Markets ETF 17.9 35 24 10.8 +5.9
DWLD Davis Select Worldwide ETF 17.7 63 -4 6.3 +1.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 17.6 30 29 8.7 +3.8
GIGE SoFi Gig Economy ETF 17.5 59 0 -0.8 -5.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 17.5 49 10 7.9 +3.0
AVEM Avantis Emerging Markets Equity ETF 17.1 33 26 8.7 +3.9
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 16.8 45 14 9.0 +4.2
CQQQ Invesco China Technology ETF 16.7 70 -11 6.1 +1.2
EMMF WisdomTree Emerging Markets Multifactor Fund 16.7 48 11 9.5 +4.7
SOCL Global X Social Media ETF 16.3 65 -6 1.6 -3.3
OGIG O'Shares Global Internet Giants ETF 15.9 48 11 0.5 -4.4
BKEM BNY Mellon Emerging Markets Equity ETF 15.8 11 48 8.2 +3.3
PXH Invesco FTSE RAFI Emerging Markets ETF 14.9 50 9 13.3 +8.4
PIE Invesco DWA Emerging Markets Momentum ETF 14.7 90 -31 4.9 0.0
EBIZ Global X E-Commerce ETF 13.7 50 9 2.4 -2.5
AIA iShares Asia 50 ETF 13.5 50 9 7.8 +2.9
PNQI Invesco NASDAQ Internet ETF 13.3 60 -1 0.9 -4.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 12.7 39 20 13.4 +8.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 11.9 32 27 8.9 +4.0
BUYZ Franklin Disruptive Commerce ETF 11.3 50 9 -0.2 -5.1
RNEM Emerging Markets Equity Select ETF 11.0 75 -16 11.8 +6.9
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 10.9 16 43 6.9 +2.0
BICK First Trust BICK Index Fund 10.9 64 -5 4.7 -0.2
AIQ Global X Future Analytics Tech ETF 10.8 68 -9 4.0 -0.9
PIN Invesco India ETF 10.5 78 -19 5.9 +1.0
GENY Principal Millennials Index ETF 10.1 45 14 3.7 -1.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.0 44 15 9.1 +4.2
WUGI Esoterica NextG Economy ETF 9.9 75 -16 1.5 -3.4
ROAM Hartford Multifactor Emerging Markets ETF 9.6 44 15 13.0 +8.1
JOYY Infusive Compounding Global Equities ETF 9.5 50 9 3.6 -1.3
ESPO VanEck Vectors Video Gaming & eSports ETF 9.5 55 4 2.7 -2.2
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 9.4 25 34 2.2 -2.7
INDA iShares MSCI India ETF 9.4 69 -10 5.2 +0.3
IXSE WisdomTree India Ex-State-Owned Enterprises Fund 9.3 58 1 4.8 -0.1
XNTK SPDR NYSE Technology ETF 9.3 35 24 3.4 -1.5
VSGX Vanguard ESG International Stock ETF 9.2 17 42 7.0 +2.1
INDY iShares India 50 ETF 8.9 93 -34 5.3 +0.4
FLIN Franklin FTSE India ETF 8.8 19 40 5.6 +0.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 8.4 59 0 11.0 +6.1
BLOK Amplify Transformational Data Sharing ETF 8.3 70 -11 4.3 -0.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 8.2 29 30 10.1 +5.2
NFTY First Trust India NIFTY 50 Equal Weight ETF 8.2 80 -21 8.0 +3.2
EDIV SPDR S&P Emerging Markets Dividend ETF 8.0 49 10 12.1 +7.2
CCON Direxion Connected Consumer ETF 8.0 45 14 1.1 -3.8
BLCN Reality Shares Nasdaq NextGen Economy ETF 7.9 68 -9 5.4 +0.5
CWI SPDR MSCI ACWI ex-US ETF 7.8 30 29 7.2 +2.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 7.7 40 19 7.1 +2.2
AADR AdvisorShares Dorsey Wright ADR ETF 7.7 110 -51 3.4 -1.5
ACWX iShares MSCI ACWI ex U.S. ETF 7.5 32 27 7.2 +2.3
THNQ ROBO Global Artificial Intelligence ETF 7.4 68 -9 1.6 -3.3
ARKF ARK Fintech Innovation ETF 7.4 75 -16 0.3 -4.6
FCA First Trust China AlphaDEX Fund 7.0 80 -21 14.3 +9.4

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

  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:
Columbia Emerging Markets Consumer ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.7 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 4.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 CATEGORY
AVERAGE
1.43
 
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.