EMQQ The Emerging Markets Internet & Ecommerce ETF
ALTAR
Score™
2.3% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
47.3x P/Sales
ratio
2.6x
P/BV
ratio
4.7x Div.
yield
0.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Emerging Markets Internet and Ecommerce ETF is an exchange-traded fund incorporated in the USA. The Fund tracks the performance of the Emerging Markets Internet Index™ by targeting companies whose primary business is e-commerce or Internet-related activities that generate most of their revenues in emerging market countries.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Exchange Traded Concepts LLC
Website www.exchangetradedconcepts.com
Inception date Nov 13, 2014
Assets (mns) $593
Currency USD
Expense ratio 86 bp
Distributions Annually

FUND STRUCTURE
Regulation Statutory Trust
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 77
Wgt avg mkt cap (mns) $107,757
Large cap (>$10bn) 78.4%
Mid cap ($2-10bn) 10.2%
Small cap (<$2bn) 2.3%
Developed mkts 31.9%
Emerging mkts 68.1%

TOP TEN HOLDINGS
MERCADOLIBRE INC 7.8 %
TENCENT HOLDINGS LTD 7.7 %
MEITUAN DIANPING 7.1 %
PINDUODUO, INC. SPONSORED ADR CLAS 6.9 %
ALIBABA GROUP HOLDING LTD. SPONSOR 6.8 %
NASPERS LTD-N SHS 6.3 %
JD.COM INC-ADR 6.1 %
PROSUS N.V. CLASS N 5.5 %
NHN CORP 4.6 %
NETEASE.COM INC-ADR 4.5 %
Total 63.3 %

TOP COUNTRY EXPOSURE
CHINA 57.5 %
SOUTH KOREA 9.1 %
NETHERLANDS 7.9 %
ARGENTINA 7.9 %
SOUTH AFRICA 6.8 %
BRAZIL 3.0 %
SINGAPORE 2.5 %
GERMANY 2.5 %
CYPRUS 1.0 %
INDIA 0.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
14.0% 37.1% 10.2% -- 9.5%

Market Correlations
versus... Beta R-squared
S&P500 1.06 59%
MSCI EAFE 1.13 57%
MSCI Emg. Mkts. 0.92 59%

Technical Indicators
Recent close $42.35
30d moving avg. $37.63
Annualized volatility 23.5%
Short interest (ETF) 1.1%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 161
Turnover 1.2%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $10,372

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the EMQQ The Emerging Markets Internet & Ecommerce ETF ETF based on the alternatives' overlap in portfolio holdings with EMQQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EMQQ Expense: 86 bp ALTAR Score™: 2.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EMQQ
Ticker Fund
Name
Overlap1
vs EMQQ
(%)
Expense
ratio
(bp)
Savings
vs EMQQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs EMQQ
(%)
FDNI First Trust Dow Jones International Internet ETF 61.6 65 21 2.8 +0.5
KWEB KraneShares CSI China Internet ETF 54.9 76 10 3.4 +1.1
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 42.4 80 6 1.7 -0.6
TTTN UP Fintech China-U.S. Internet Titans ETF 42.3 59 27 5.0 +2.7
PGJ Invesco Golden Dragon China ETF 37.9 70 16 3.4 +1.1
FNI First Trust Chindia ETF 36.8 59 27 3.4 +1.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 34.1 32 54 6.9 +4.6
ECON Columbia Emerging Markets Consumer ETF 29.5 59 27 4.8 +2.5
SOCL Global X Social Media ETF 28.6 65 21 2.2 -0.1
CHIQ Global X China Consumer ETF 28.6 65 21 9.1 +6.8
CQQQ Invesco China Technology ETF 28.1 70 16 4.3 +2.0
DINT Davis Select International ETF 26.1 75 11 5.8 +3.5
FLCH Franklin FTSE China ETF 26.0 19 67 9.1 +6.8
CHIL Global X MSCI China Large-Cap 50 ETF 25.8 29 57 9.4 +7.1
GXC SPDR S&P China ETF 25.5 59 27 8.8 +6.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 24.7 32 54 6.7 +4.4
GBUY Goldman Sachs Motif New Age Consumer ETF 23.8 50 36 2.1 -0.2
MCHI iShares MSCI China ETF 23.6 59 27 9.0 +6.7
KALL KraneShares FTSE Emerging Markets Plus ETF 22.9 49 37 9.0 +6.7
EBIZ Global X E-Commerce ETF 22.5 50 36 3.0 +0.7
GIGE SoFi Gig Economy ETF 21.8 59 27 -0.6 -2.9
BKF iShares MSCI BRIC ETF 21.0 69 17 8.3 +6.0
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 21.0 18 68 6.0 +3.7
WCHN WisdomTree ICBCCS S&P China 500 Fund 21.0 55 31 9.2 +6.9
CN Xtrackers MSCI All China Equity ETF 20.6 50 36 9.3 +7.0
OGIG O'Shares Global Internet Giants ETF 20.5 48 38 0.5 -1.8
CHIC Global X Nasdaq China Technology ETF 20.3 65 21 4.3 +2.0
GMF SPDR S&P Emerging Asia Pacific ETF 20.2 49 37 7.9 +5.6
PNQI Invesco NASDAQ Internet ETF 20.2 62 24 1.2 -1.1
SCHE Schwab Emerging Markets Equity ETF 19.8 13 73 8.5 +6.2
PBEE Invesco PureBeta FTSE Emerging Markets ETF 19.6 14 72 9.4 +7.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 19.6 30 56 8.7 +6.4
BUYZ Franklin Disruptive Commerce ETF 19.6 50 36 -0.1 -2.4
EEMA iShares MSCI Emerging Markets Asia ETF 19.6 50 36 8.3 +6.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 19.5 95 -9 10.0 +7.7
ESGE iShares ESG MSCI EM ETF 19.1 25 61 9.5 +7.2
NUEM Nuveen ESG Emerging Markets Equity ETF 19.1 45 41 7.7 +5.4
FLAX Franklin FTSE Asia Ex Japan ETF 19.1 19 67 8.4 +6.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 19.0 20 66 7.6 +5.3
VWO Vanguard FTSE Emerging Markets ETF 18.5 10 76 8.7 +6.4
ARKF ARK Fintech Innovation ETF 18.4 75 11 0.8 -1.5
DWLD Davis Select Worldwide ETF 18.4 64 22 6.6 +4.3
FPXI First Trust International Equity Opportunities ETF 18.3 70 16 2.8 +0.5
EEM iShares MSCI Emerging Markets ETF 18.3 68 18 8.1 +5.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 18.3 68 18 7.8 +5.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 18.2 65 21 8.3 +6.0
XBUY Amplify International Online Retail ETF 17.8 69 17 -1.1 -3.4
SPEM SPDR Portfolio Emerging Markets ETF 17.6 11 75 8.5 +6.2
BICK First Trust BICK Index Fund 17.5 64 22 4.4 +2.1
DVEM WisdomTree Emerging Markets Dividend Fund 16.9 32 54 8.9 +6.6
ESPO VanEck Vectors Video Gaming & eSports ETF 16.6 55 31 2.9 +0.6
IEMG iShares Core MSCI Emerging Markets ETF 16.6 14 72 8.6 +6.3
ONLN ProShares Online Retail ETF 16.5 58 28 1.6 -0.7
PLAT WisdomTree Modern Tech Platforms Fund 16.4 45 41 1.2 -1.1
ISEM Invesco Strategic Emerging Markets ETF 15.7 35 51 10.2 +7.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 15.4 45 41 8.6 +6.3
EMCG WisdomTree Emerging Markets Consumer Growth Fund 15.3 32 54 7.9 +5.6
FXI iShares China Large-Cap ETF 14.7 74 12 13.3 +11.0
EEMO Invesco S&P Emerging Markets Momentum ETF 14.5 30 56 7.1 +4.8
JOYY Infusive Compounding Global Equities ETF 14.2 50 36 3.9 +1.6
GENY Principal Millennials Index ETF 14.1 45 41 3.9 +1.6
JHEM John Hancock Multifactor Emerging Markets ETF 13.3 55 31 8.7 +6.4
AIA iShares Asia 50 ETF 12.8 50 36 8.8 +6.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 12.7 40 46 7.8 +5.5
BLOK Amplify Transformational Data Sharing ETF 12.4 70 16 5.0 +2.7
PEK VanEck Vectors ChinaAMC CSI 300 ETF 11.9 60 26 8.0 +5.7
AIQ Global X Future Analytics Tech ETF 11.8 68 18 4.1 +1.8
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 10.8 25 61 2.3 0.0
HERO Global X Video Games & Esports ETF 10.5 50 36 3.0 +0.7
AVEM Avantis Emerging Markets Equity ETF 10.4 33 53 9.4 +7.1
IBUY Amplify Online Retail ETF 9.6 65 21 -1.5 -3.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 9.5 59 27 10.9 +8.6
XITK SPDR FactSet Innovative Technology ETF 9.4 45 41 0.4 -1.9
PIE Invesco DWA Emerging Markets Momentum ETF 9.2 90 -4 5.7 +3.4
FLKR Franklin FTSE South Korea ETF 8.8 9 77 9.5 +7.2
XNTK SPDR Morgan Stanley Technology ETF 8.6 35 51 4.0 +1.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 8.6 49 37 8.8 +6.5
IXP iShares Global Comm Services ETF 8.5 46 40 5.8 +3.5
IRBO iShares Robotics & Artificial Intelligence ETF 8.4 47 39 2.5 +0.2
IPOS Renaissance International IPO ETF 8.3 80 6 5.0 +2.7
EWY iShares MSCI South Korea ETF 8.3 59 27 8.9 +6.6
AGT iShares MSCI Argentina & Global Exposure ETF A 7.9 59 27 5.5 +3.2
ARGT Global X MSCI Argentina ETF 7.9 59 27 5.5 +3.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 7.8 16 70 7.1 +4.8
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 7.6 45 41 9.9 +7.6
BLCN Reality Shares Nasdaq NextGen Economy ETF 7.5 68 18 4.4 +2.1
FPXE First Trust IPOX Europe Equity Opportunities ETF 7.4 70 16 3.0 +0.7
ARKW ARK Web x.0 ETF 7.2 76 10 -0.8 -3.1
GAMR ETFMG Video Game Tech ETF 7.2 75 11 3.5 +1.2
EMMF WisdomTree Emerging Markets Multifactor Fund 7.1 48 38 9.7 +7.4
AADR WCM/BNY Mellon Focused Growth ADR ETF 6.9 110 -24 3.4 +1.1
AFK VanEck Vectors Africa Index ETF 6.8 78 8 3.0 +0.7
FLZA Franklin FTSE South Africa ETF 6.8 19 67 11.4 +9.1
EZA iShares MSCI South Africa ETF 6.8 59 27 9.4 +7.1
FKO First Trust South Korea AlphadDEX Fund 6.6 80 6 8.7 +6.4
IPO Renaissance IPO ETF 6.4 60 26 -6.1 -8.4
PXH Invesco FTSE RAFI Emerging Markets ETF 6.4 50 36 13.5 +11.2
GVIP Goldman Sachs Hedge Industry VIP ETF 6.3 45 41 5.0 +2.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 6.0 32 54 9.4 +7.1
VIGI Vanguard International Dividend Appreciation ETF 6.0 25 61 5.9 +3.6

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:
EMQQ The Emerging Markets Internet & Ecommerce 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 13.8 %
Divided by: Fwd. P/BV 4.4 x
Less: Expense ratio 86 bp
Equals: ALTAR Score 2.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.25 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.