Columbia Emerging Markets Consumer ETF
ALTAR
Score™
4.5% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
27.1x P/Sales
ratio
1.8x
P/BV
ratio
3.2x 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) $165
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) $110,425
Large cap (>$10bn) 86.2%
Mid cap ($2-10bn) 13.8%
Small cap (<$2bn) 0.0%
Developed mkts 23.6%
Emerging mkts 73.3%

TOP TEN HOLDINGS
MEITUAN DIANPING 6.4 %
TENCENT HOLDINGS LTD 5.4 %
ALIBABA GROUP HOLDING LTD. SPONSOR 5.2 %
HINDUSTAN UNILEVER LIMITED 4.8 %
JD.COM INC-ADR 4.7 %
CHINA MOBILE LIMITED 4.2 %
NETEASE.COM INC-ADR 4.1 %
BAIDU INC - SPON ADR 3.8 %
TAL EDUCATION GROUP UNSPONSORED AD 3.3 %
YANDEX NV-A 3.2 %
Total 45.2 %

TOP COUNTRY EXPOSURE
CHINA 44.3 %
INDIA 11.9 %
TAIWAN 9.8 %
HONG KONG 8.7 %
BRAZIL 4.7 %
NETHERLANDS 4.2 %
SAUDI ARABIA 3.1 %
SOUTH AFRICA 2.8 %
THAILAND 2.7 %
MEXICO 2.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
3.6% 11.3% 0.5% -- 2.2%

Market Correlations
versus... Beta R-squared
S&P500 0.74 61%
MSCI EAFE 0.88 74%
MSCI Emg. Mkts. 0.74 84%

Technical Indicators
Recent close $24.76
30d moving avg. $24.43
Annualized volatility 16.3%
Short interest (ETF) 0.2%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 49
Turnover 0.7%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $10,610

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™: 4.5%


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
(%)
CHIL Global X MSCI China Large-Cap 50 ETF 36.9 29 30 8.3 +3.8
KWEB KraneShares CSI China Internet ETF 34.8 76 -17 1.8 -2.6
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 34.0 86 -27 2.1 -2.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 33.0 32 27 6.1 +1.6
FDNI First Trust Dow Jones International Internet ETF 31.2 65 -6 2.2 -2.3
TTTN UP Fintech China-U.S. Internet Titans ETF 29.2 59 0 4.1 -0.3
CHIQ Global X China Consumer ETF 29.0 65 -6 7.0 +2.6
MCHI iShares MSCI China ETF 27.7 59 0 7.8 +3.3
GXC SPDR S&P China ETF 26.5 59 0 8.0 +3.5
FLCH Franklin FTSE China ETF 26.4 19 40 8.3 +3.9
FNI First Trust Chindia ETF 26.0 60 -1 2.6 -1.9
PGJ Invesco Golden Dragon China ETF 25.3 70 -11 3.2 -1.3
BKF iShares MSCI BRIC ETF 25.2 69 -10 7.4 +2.9
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 24.0 80 -21 3.8 -0.7
KALL KraneShares FTSE Emerging Markets Plus ETF 23.1 49 10 8.1 +3.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 22.9 30 29 7.7 +3.2
GMF SPDR S&P Emerging Asia Pacific ETF 22.5 49 10 7.2 +2.8
CN Xtrackers MSCI All China Equity ETF 22.0 50 9 8.1 +3.7
EEMA iShares MSCI Emerging Markets Asia ETF 21.8 50 9 7.4 +3.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 21.6 45 14 7.8 +3.4
SCHE Schwab Emerging Markets Equity ETF 21.3 11 48 7.9 +3.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 21.2 32 27 6.1 +1.7
SPEM SPDR Portfolio Emerging Markets ETF 21.2 11 48 7.8 +3.4
JHEM John Hancock Multifactor Emerging Markets ETF 21.0 49 10 8.3 +3.8
EEM iShares MSCI Emerging Markets ETF 20.9 68 -9 7.3 +2.8
CQQQ Invesco China Technology ETF 20.9 70 -11 3.8 -0.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 20.7 65 -6 7.3 +2.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 20.6 36 23 8.0 +3.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 20.5 68 -9 7.0 +2.5
CHIC Global X Nasdaq China Technology ETF 20.5 66 -7 3.8 -0.7
DVEM WisdomTree Emerging Markets Dividend Fund 20.3 32 27 8.1 +3.7
DINT Davis Select International ETF 20.2 68 -9 5.7 +1.2
ESGE iShares ESG MSCI EM ETF 20.2 25 34 8.5 +4.0
PBEE Invesco PureBeta FTSE Emerging Markets ETF 20.1 15 44 8.6 +4.1
VWO Vanguard FTSE Emerging Markets ETF 20.0 10 49 8.0 +3.5
NUEM Nuveen ESG Emerging Markets Equity ETF 19.9 45 14 7.0 +2.5
FLAX Franklin FTSE Asia Ex Japan ETF 19.8 19 40 7.6 +3.2
IEMG iShares Core MSCI Emerging Markets ETF 19.8 13 46 7.8 +3.3
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 19.4 18 41 5.3 +0.9
FXI iShares China Large-Cap ETF 18.9 74 -15 13.0 +8.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 18.9 40 19 7.2 +2.7
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 18.7 25 34 7.7 +3.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 18.4 95 -36 9.2 +4.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 18.1 20 39 6.7 +2.2
EEMO Invesco S&P Emerging Markets Momentum ETF 18.1 29 30 6.4 +1.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 16.8 30 29 8.6 +4.1
ISEM Invesco Strategic Emerging Markets ETF 16.6 35 24 10.2 +5.8
DWLD Davis Select Worldwide ETF 16.6 63 -4 6.4 +2.0
SOCL Global X Social Media ETF 16.5 65 -6 1.8 -2.7
GIGE SoFi Gig Economy ETF 16.4 59 0 -0.6 -5.1
GBUY Goldman Sachs Motif New Age Consumer ETF 15.9 50 9 1.8 -2.7
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 15.7 45 14 8.8 +4.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 15.6 49 10 7.6 +3.2
OGIG O'Shares Global Internet Giants ETF 15.4 48 11 0.7 -3.8
BKEM BNY Mellon Emerging Markets Equity ETF 15.1 11 48 8.4 +3.9
AVEM Avantis Emerging Markets Equity ETF 15.1 33 26 8.7 +4.2
PIE Invesco DWA Emerging Markets Momentum ETF 14.1 90 -31 4.6 +0.2
PXH Invesco FTSE RAFI Emerging Markets ETF 14.1 50 9 13.2 +8.7
EMMF WisdomTree Emerging Markets Multifactor Fund 13.5 48 11 9.3 +4.9
BICK First Trust BICK Index Fund 13.3 64 -5 4.3 -0.1
AIA iShares Asia 50 ETF 13.0 50 9 7.9 +3.5
PNQI Invesco NASDAQ Internet ETF 12.9 62 -3 1.0 -3.4
EBIZ Global X E-Commerce ETF 12.7 50 9 2.6 -1.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 12.4 39 20 12.6 +8.2
FDEM Fidelity Targeted Emerging Markets Factor ETF 11.7 45 14 9.3 +4.9
PEK VanEck Vectors ChinaAMC CSI 300 ETF 11.2 60 -1 7.2 +2.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 11.1 32 27 8.9 +4.4
WUGI Esoterica NextG Economy ETF 11.0 75 -16 1.7 -2.8
RNEM Emerging Markets Equity Select ETF 10.9 75 -16 11.4 +6.9
PIN Invesco India ETF 10.7 78 -19 5.4 +0.9
BUYZ Franklin Disruptive Commerce ETF 10.6 50 9 -0.3 -4.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.3 44 15 8.9 +4.4
INDA iShares MSCI India ETF 10.2 69 -10 4.9 +0.5
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 10.0 64 -5 4.6 +0.1
AIQ Global X Future Analytics Tech ETF 9.9 68 -9 4.2 -0.3
GENY Principal Millennials Index ETF 9.9 45 14 3.7 -0.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 9.9 16 43 6.8 +2.4
FLIN Franklin FTSE India ETF 9.7 19 40 5.3 +0.9
INDY iShares India 50 ETF 9.6 94 -35 5.3 +0.8
ROAM Hartford Multifactor Emerging Markets ETF 9.6 44 15 14.4 +10.0
ESPO VanEck Vectors Video Gaming & eSports ETF 9.5 55 4 2.5 -2.0
IXSE WisdomTree India Ex-State-Owned Enterprises Fund 9.5 58 1 4.6 +0.2
FPXI First Trust International Equity Opportunities ETF 9.5 70 -11 3.2 -1.3
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 9.3 25 34 1.9 -2.6
JOYY Infusive Compounding Global Equities ETF 8.9 50 9 3.6 -0.9
EDIV SPDR S&P Emerging Markets Dividend ETF 8.6 49 10 11.3 +6.8
NFTY First Trust India NIFTY 50 Equal Weight ETF 8.5 80 -21 7.3 +2.8
XNTK SPDR NYSE Technology ETF 8.4 35 24 3.5 -0.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 7.9 29 30 9.8 +5.4
THNQ ROBO Global Artificial Intelligence ETF 7.9 68 -9 1.5 -3.0
XBUY Amplify International Online Retail ETF 7.8 69 -10 -0.5 -5.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 7.8 59 0 10.8 +6.4
BLOK Amplify Transformational Data Sharing ETF 7.8 70 -11 4.2 -0.3
IPOS Renaissance International IPO ETF 7.4 80 -21 4.8 +0.4
VSGX Vanguard ESG International Stock ETF 7.2 17 42 7.0 +2.5
ONLN ProShares Online Retail ETF 7.2 58 1 0.8 -3.6
CWI SPDR MSCI ACWI ex-US ETF 7.1 30 29 7.1 +2.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 7.0 40 19 6.9 +2.4
FLTW Franklin FTSE Taiwan ETF 6.9 19 40 6.1 +1.7

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 15.3 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.41 CATEGORY
AVERAGE
1.45
 
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.