EMQQ The Emerging Markets Internet & Ecommerce ETF
ALTAR
Score™
2.3% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
45.9x P/Sales
ratio
3.1x
P/BV
ratio
5.3x 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 12, 2014
Assets (mns) $964
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 83
Wgt avg mkt cap (mns) $147,314
Large cap (>$10bn) 80.5%
Mid cap ($2-10bn) 8.6%
Small cap (<$2bn) 1.5%
Developed mkts 33.2%
Emerging mkts 66.9%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 8.3 %
MEITUAN DIANPING 8.2 %
TENCENT HOLDINGS LTD 7.2 %
NASPERS LTD-N SHS 6.0 %
MERCADOLIBRE INC 6.0 %
JD.COM INC-ADR 4.9 %
NHN CORP 4.9 %
PINDUODUO, INC. SPONSORED ADR CLAS 4.8 %
PROSUS N.V. CLASS N 4.3 %
NETEASE.COM INC-ADR 4.3 %
Total 58.8 %

TOP COUNTRY EXPOSURE
CHINA 57.0 %
SOUTH KOREA 9.0 %
NETHERLANDS 7.2 %
SOUTH AFRICA 6.4 %
ARGENTINA 6.1 %
SINGAPORE 3.1 %
BRAZIL 3.0 %
GERMANY 2.5 %
HONG KONG 2.3 %
CYPRUS 1.0 %

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.
53.6% 71.8% 22.8% -- 14.9%

Market Correlations
versus... Beta R-squared
S&P500 1.07 57%
MSCI EAFE 1.17 56%
MSCI Emg. Mkts. 0.96 61%

Technical Indicators
Recent close $51.71
30d moving avg. $52.74
Annualized volatility 25.0%
Short interest (ETF) 0.4%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 237
Turnover 1.3%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $4,613

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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 59.7 65 21 2.2 -0.1
KWEB KraneShares CSI China Internet ETF 55.5 76 10 2.0 -0.3
TTTN UP Fintech China-U.S. Internet Titans ETF 39.9 59 27 4.3 +2.0
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 37.7 60 26 4.5 +2.2
EEMO Invesco S&P Emerging Markets Momentum ETF 37.6 29 57 6.5 +4.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 36.4 32 54 6.1 +3.8
ECON Columbia Emerging Markets Consumer ETF 33.8 59 27 4.6 +2.4
PGJ Invesco Golden Dragon China ETF 33.1 70 16 3.3 +1.1
CHIL Global X MSCI China Large-Cap 50 ETF 32.8 29 57 8.0 +5.7
FNI First Trust Chindia ETF 32.2 60 26 2.6 +0.4
SOCL Global X Social Media ETF 29.9 65 21 1.8 -0.5
CHIQ Global X China Consumer ETF 29.9 65 21 7.4 +5.2
MCHI iShares MSCI China ETF 29.3 59 27 8.1 +5.8
FLCH Franklin FTSE China ETF 29.2 19 67 8.6 +6.3
GXC SPDR S&P China ETF 28.5 59 27 8.3 +6.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 26.9 32 54 6.0 +3.8
BKF iShares MSCI BRIC ETF 26.3 69 17 7.7 +5.5
KALL KraneShares FTSE Emerging Markets Plus ETF 26.2 49 37 8.3 +6.0
GBUY Goldman Sachs Motif New Age Consumer ETF 25.6 50 36 1.8 -0.5
DINT Davis Select International ETF 25.0 68 18 6.1 +3.8
CN Xtrackers MSCI All China Equity ETF 24.7 50 36 8.4 +6.1
CQQQ Invesco China Technology ETF 24.2 70 16 4.1 +1.8
EBIZ Global X E-Commerce ETF 23.8 50 36 2.7 +0.4
OGIG O'Shares Global Internet Giants ETF 23.6 48 38 0.8 -1.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 23.3 30 56 7.9 +5.7
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 23.1 18 68 5.5 +3.2
ESGE iShares ESG MSCI EM ETF 23.0 25 61 8.8 +6.6
GMF SPDR S&P Emerging Asia Pacific ETF 22.8 49 37 7.5 +5.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 22.8 36 50 7.7 +5.4
PBEE Invesco PureBeta FTSE Emerging Markets ETF 22.7 15 71 8.9 +6.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 22.6 20 66 7.0 +4.7
GIGE SoFi Gig Economy ETF 22.6 59 27 -0.7 -2.9
SCHE Schwab Emerging Markets Equity ETF 22.5 11 75 8.2 +5.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 22.3 68 18 7.2 +5.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 22.2 65 21 7.6 +5.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 22.0 95 -9 8.4 +6.1
EEM iShares MSCI Emerging Markets ETF 22.0 68 18 7.6 +5.3
EEMA iShares MSCI Emerging Markets Asia ETF 22.0 50 36 7.8 +5.5
PNQI Invesco NASDAQ Internet ETF 21.9 60 26 1.0 -1.3
FLAX Franklin FTSE Asia Ex Japan ETF 21.9 19 67 7.9 +5.6
NUEM Nuveen ESG Emerging Markets Equity ETF 21.7 45 41 7.1 +4.8
DVEM WisdomTree Emerging Markets Dividend Fund 21.2 32 54 7.4 +5.2
VWO Vanguard FTSE Emerging Markets ETF 21.0 10 76 8.2 +6.0
SPEM SPDR Portfolio Emerging Markets ETF 20.1 11 75 8.1 +5.9
CHIC Global X Nasdaq China Technology ETF 20.0 66 20 4.2 +1.9
IEMG iShares Core MSCI Emerging Markets ETF 19.9 13 73 8.1 +5.8
BUYZ Franklin Disruptive Commerce ETF 19.7 50 36 -0.2 -2.4
DWLD Davis Select Worldwide ETF 19.6 63 23 6.7 +4.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 19.5 45 41 7.7 +5.5
PEK VanEck Vectors ChinaAMC CSI 300 ETF 19.2 60 26 7.2 +5.0
ESPO VanEck Vectors Video Gaming & eSports ETF 17.9 55 31 2.6 +0.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 17.9 40 46 7.4 +5.2
XBUY Amplify International Online Retail ETF 17.2 69 17 -0.5 -2.8
FXI iShares China Large-Cap ETF 16.9 74 12 14.0 +11.8
BICK First Trust BICK Index Fund 16.8 64 22 4.6 +2.4
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 16.3 25 61 1.9 -0.3
FPXI First Trust International Equity Opportunities ETF 16.3 70 16 3.3 +1.0
ISEM Invesco Strategic Emerging Markets ETF 16.2 35 51 11.1 +8.8
ARKF ARK Fintech Innovation ETF 16.1 75 11 0.7 -1.6
BKEM BNY Mellon Emerging Markets Equity ETF 15.2 11 75 8.6 +6.3
JHEM John Hancock Multifactor Emerging Markets ETF 15.1 49 37 8.8 +6.5
EMMF WisdomTree Emerging Markets Multifactor Fund 14.9 48 38 9.7 +7.4
WUGI Esoterica NextG Economy ETF 14.7 75 11 1.6 -0.7
AIA iShares Asia 50 ETF 14.6 50 36 8.2 +5.9
AVEM Avantis Emerging Markets Equity ETF 13.9 33 53 9.1 +6.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 13.6 49 37 8.1 +5.8
FDEM Fidelity Targeted Emerging Markets Factor ETF 13.2 45 41 8.8 +6.5
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 13.1 45 41 9.2 +7.0
GENY Principal Millennials Index ETF 13.1 45 41 4.1 +1.9
BLOK Amplify Transformational Data Sharing ETF 12.9 70 16 4.4 +2.1
HERO Global X Video Games & Esports ETF 10.9 50 36 2.9 +0.6
XITK SPDR FactSet Innovative Technology ETF 10.7 45 41 0.5 -1.8
AIQ Global X Future Analytics Tech ETF 10.7 68 18 4.1 +1.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 10.4 16 70 6.9 +4.6
PIE Invesco DWA Emerging Markets Momentum ETF 10.4 90 -4 5.0 +2.8
IRBO iShares Robotics & Artificial Intelligence ETF 9.9 47 39 2.8 +0.5
THNQ ROBO Global Artificial Intelligence ETF 9.7 68 18 1.5 -0.7
JOYY Infusive Compounding Global Equities ETF 9.5 50 36 6.1 +3.8
XNTK SPDR NYSE Technology ETF 8.9 35 51 4.0 +1.7
FLKR Franklin FTSE South Korea ETF 8.8 9 77 8.9 +6.7
IPOS Renaissance International IPO ETF 8.3 80 6 4.7 +2.4
EWY iShares MSCI South Korea ETF 8.2 59 27 8.5 +6.2
FCA First Trust China AlphaDEX Fund 8.2 80 6 15.0 +12.8
IXP iShares Global Comm Services ETF 8.2 46 40 5.8 +3.5
IBUY Amplify Online Retail ETF 8.0 65 21 -1.2 -3.5
VSGX Vanguard ESG International Stock ETF 8.0 17 69 7.1 +4.8
PXH Invesco FTSE RAFI Emerging Markets ETF 7.8 50 36 13.9 +11.7
ARKW ARK Web x.0 ETF 7.4 76 10 -0.9 -3.2
BLCN Reality Shares Nasdaq NextGen Economy ETF 7.4 68 18 3.7 +1.4
AADR AdvisorShares Dorsey Wright ADR ETF 7.0 110 -24 2.9 +0.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 7.0 59 27 11.4 +9.1
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 6.8 25 61 8.1 +5.8
CWI SPDR MSCI ACWI ex-US ETF 6.8 30 56 7.2 +4.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 6.8 32 54 9.2 +6.9
GVIP Goldman Sachs Hedge Industry VIP ETF 6.8 45 41 3.9 +1.7
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 6.8 60 26 3.6 +1.3
ACWX iShares MSCI ACWI ex U.S. ETF 6.7 32 54 7.3 +5.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 6.7 40 46 7.1 +4.8
AFK VanEck Vectors Africa Index ETF 6.5 79 7 8.7 +6.4

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:
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 14.9 %
Divided by: Fwd. P/BV 4.8 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
1.26 CATEGORY
AVERAGE
1.44
 
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.