EMQQ The Emerging Markets Internet & Ecommerce ETF
ALTAR
Score™
2.1% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
73.2x P/Sales
ratio
3.8x
P/BV
ratio
7.4x 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) $1,801
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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 96
Wgt avg mkt cap (mns) $143,065
Large cap (>$10bn) 76.6%
Mid cap ($2-10bn) 7.8%
Small cap (<$2bn) 0.9%
Developed mkts 31.8%
Emerging mkts 68.2%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 7.7 %
PINDUODUO, INC. SPONSORED ADR CLAS 7.2 %
MEITUAN DIANPING 6.6 %
ALIBABA GROUP HOLDING LTD. SPONSOR 6.5 %
JD.COM INC-ADR 6.0 %
MERCADOLIBRE INC 5.8 %
NASPERS LTD-N SHS 4.9 %
BAIDU INC - SPON ADR 4.4 %
KE HOLDINGS, INC. SPONSORED ADR CL 4.1 %
PROSUS N.V. CLASS N 4.1 %
Total 57.2 %

TOP COUNTRY EXPOSURE
CHINA 61.9 %
SOUTH KOREA 6.0 %
ARGENTINA 5.9 %
NETHERLANDS 5.7 %
SOUTH AFRICA 5.1 %
BRAZIL 3.7 %
SINGAPORE 3.1 %
HONG KONG 2.2 %
GERMANY 2.1 %
CYPRUS 0.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
80.4% 80.4% 22.5% -- 17.1%

Market Correlations
versus... Beta R-squared
S&P500 1.03 56%
MSCI EAFE 0.99 52%
MSCI Emg. Mkts. 0.96 62%

Technical Indicators
Recent close $72.78
30d moving avg. $64.63
Annualized volatility 25.7%
Short interest (ETF) 0.3%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 321
Turnover 1.3%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $22,451

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 2.1%


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
(%)
EWEB Global X Emerging Markets Internet & E-commerce ETF 69.7 65 21 2.5 +0.4
KWEB KraneShares CSI China Internet ETF 58.7 76 10 2.1 +0.1
FDNI First Trust Dow Jones International Internet ETF 57.8 65 21 1.9 -0.2
DFAE Dimensional Emerging Core Equity Market ETF 57.0 35 51 7.0 +4.9
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 42.1 60 26 2.3 +0.2
EEMO Invesco S&P Emerging Markets Momentum ETF 35.8 29 57 3.3 +1.2
PGJ Invesco Golden Dragon China ETF 35.7 70 16 3.7 +1.6
FNI First Trust Chindia ETF 34.5 60 26 2.3 +0.3
CHIL Global X MSCI China Large-Cap 50 ETF 34.5 29 57 6.2 +4.1
ECON Columbia Emerging Markets Consumer ETF 33.1 59 27 4.7 +2.6
MCHI iShares MSCI China ETF 32.0 59 27 6.4 +4.3
FLCH Franklin FTSE China ETF 31.3 19 67 7.0 +4.9
GXC SPDR S&P China ETF 30.6 59 27 6.5 +4.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 30.2 32 54 5.3 +3.3
KALL KraneShares MSCI All China Index ETF 27.9 49 37 6.9 +4.8
CHIQ Global X MSCI China Consumer ETF 27.7 65 21 4.6 +2.5
BKF iShares MSCI BRIC ETF 27.3 70 16 6.2 +4.1
SOCL Global X Social Media ETF 26.4 65 21 2.2 +0.1
CN Xtrackers MSCI All China Equity ETF 26.0 50 36 6.9 +4.8
EBIZ Global X E-Commerce ETF 25.9 50 36 2.5 +0.4
OGIG O'Shares Global Internet Giants ETF 25.8 48 38 0.6 -1.5
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 24.5 30 56 4.1 +2.0
GMF SPDR S&P Emerging Asia Pacific ETF 23.8 49 37 5.9 +3.8
BUYZ Franklin Disruptive Commerce ETF 23.5 50 36 -0.3 -2.4
KESG KraneShares MSCI China ESG Leaders Index ETF 23.4 59 27 8.1 +6.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 23.4 30 56 6.4 +4.3
CQQQ Invesco China Technology ETF 23.2 70 16 4.3 +2.2
PBEE Invesco PureBeta FTSE Emerging Markets ETF 23.0 15 71 7.3 +5.2
SCHE Schwab Emerging Markets Equity ETF 22.6 11 75 6.7 +4.6
DINT Davis Select International ETF 22.4 68 18 5.3 +3.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 22.3 20 66 5.5 +3.4
GIGE SoFi Gig Economy ETF 22.3 59 27 -0.2 -2.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 22.3 68 18 5.7 +3.6
PNQI Invesco NASDAQ Internet ETF 21.7 60 26 1.0 -1.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 21.6 36 50 6.8 +4.7
ESGE iShares ESG Aware MSCI EM ETF 21.5 25 61 7.0 +4.9
EEM iShares MSCI Emerging Markets ETF 21.5 70 16 6.0 +3.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 21.3 95 -9 7.1 +5.1
EEMA iShares MSCI Emerging Markets Asia ETF 21.3 50 36 6.3 +4.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 21.2 65 21 6.0 +3.9
FLAX Franklin FTSE Asia Ex Japan ETF 21.0 19 67 6.2 +4.2
VWO Vanguard FTSE Emerging Markets ETF 20.7 10 76 6.9 +4.8
SPEM SPDR Portfolio Emerging Markets ETF 20.5 11 75 6.5 +4.4
NUEM Nuveen ESG Emerging Markets Equity ETF 20.5 45 41 5.4 +3.3
FPXI First Trust International Equity Opportunities ETF 20.2 70 16 3.7 +1.6
LDEM iShares ESG MSCI EM Leaders ETF 20.1 16 70 6.4 +4.3
EMXF iShares ESG Advanced MSCI EM ETF 19.9 16 70 7.1 +5.0
CHIC Global X MSCI China Communication Services ETF 19.9 66 20 4.5 +2.4
IEMG iShares Core MSCI Emerging Markets ETF 19.5 11 75 6.6 +4.5
XBUY Amplify International Online Retail ETF 19.5 69 17 0.5 -1.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 19.2 45 41 6.3 +4.2
RESE WisdomTree Emerging Markets ESG Fund 19.0 32 54 6.7 +4.6
DWLD Davis Select Worldwide ETF 19.0 63 23 5.6 +3.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 19.0 40 46 6.1 +4.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 19.0 32 54 5.0 +2.9
GLCN VanEck Vectors Ftse China A50 ETF 18.4 60 26 4.1 +2.0
ESPO VanEck Vectors Video Gaming & eSports ETF 18.4 55 31 3.0 +0.9
ARKF ARK Fintech Innovation ETF 18.4 75 11 0.2 -1.9
BICK First Trust BICK Index Fund 17.6 64 22 3.2 +1.1
AIA iShares Asia 50 ETF 16.5 50 36 6.0 +3.9
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 16.2 25 61 3.0 +0.9
ISEM Invesco RAFI Strategic Emerging Markets ETF 15.7 35 51 8.9 +6.8
JHEM John Hancock Multifactor Emerging Markets ETF 15.6 49 37 7.4 +5.3
BKEM BNY Mellon Emerging Markets Equity ETF 15.5 11 75 6.7 +4.6
FXI iShares China Large-Cap ETF 15.3 74 12 10.5 +8.4
WUGI Esoterica NextG Economy ETF 15.0 75 11 1.0 -1.1
XNTK SPDR NYSE Technology ETF 14.9 35 51 2.7 +0.6
AVEM Avantis Emerging Markets Equity ETF 14.0 33 53 7.3 +5.2
GENY Principal Millennials Index ETF 13.4 45 41 3.4 +1.3
JIG JPMorgan International Growth ETF 13.2 55 31 2.4 +0.4
BTEK BlackRock Future Tech ETF 12.7 88 -2 -0.2 -2.3
FDEM Fidelity Emerging Markets Multifactor ETF 12.6 45 41 7.7 +5.6
BLOK Amplify Transformational Data Sharing ETF 12.4 70 16 4.0 +1.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 12.3 49 37 7.6 +5.5
AIQ Global X Future Analytics Tech ETF 12.2 68 18 3.4 +1.3
EMMF WisdomTree Emerging Markets Multifactor Fund 11.8 48 38 8.1 +6.0
IWFH iShares Virtual Work and Life Multisector ETF 11.2 47 39 0.5 -1.6
THNQ ROBO Global Artificial Intelligence ETF 11.1 68 18 1.3 -0.8
HERO Global X Video Games & Esports ETF 10.7 50 36 3.7 +1.6
EMGF iShares MSCI Emerging Markets Multifactor ETF 10.6 45 41 8.6 +6.5
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 10.5 16 70 6.0 +3.9
DSTX Distillate International Fundamental Stability & Value ETF 9.9 55 31 5.9 +3.8
JOYY Infusive Compounding Global Equities ETF 9.7 50 36 3.4 +1.3
VSGX Vanguard ESG International Stock ETF 9.7 17 69 6.3 +4.2
ANEW ProShares MSCI Transformational Changes ETF 9.4 45 41 2.4 +0.3
BLCN Reality Shares Nasdaq NextGen Economy ETF 9.3 68 18 5.0 +2.9
IXP iShares Global Comm Services ETF 9.3 46 40 5.2 +3.1
GVIP Goldman Sachs Hedge Industry VIP ETF 9.0 45 41 3.2 +1.1
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 9.0 50 36 3.3 +1.2
ARKW ARK Web x.0 ETF 8.8 79 7 -0.8 -2.8
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 8.8 60 26 4.4 +2.4
ARKQ Ark Industrial Innovation ETF 8.7 75 11 0.3 -1.8
BOUT Innovator IBD Breakout Opportunities ETF 8.5 84 2 2.5 +0.4
PXH Invesco FTSE RAFI Emerging Markets ETF 8.1 50 36 11.6 +9.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 8.1 32 54 7.4 +5.3
VIGI Vanguard International Dividend Appreciation ETF 8.0 20 66 5.0 +3.0
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 7.4 25 61 6.6 +4.5
CWI SPDR MSCI ACWI ex-US ETF 7.3 30 56 6.2 +4.1

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 19.1 %
Divided by: Fwd. P/BV 6.5 x
Less: Expense ratio 86 bp
Equals: ALTAR Score 2.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.26 CATEGORY
AVERAGE
1.39
 
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.