iShares China Large-Cap ETF
ALTAR
Score™
10.4% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
12.9x P/Sales
ratio
1.6x
P/BV
ratio
1.3x Div.
yield
2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares China Large-Cap ETF seeks to track the investment results of an index composed of large-capitalization Chinese equities that trade on the Hong Kong Stock Exchange.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Oct 05, 2004
Assets (mns) $4,482
Currency USD
Expense ratio 74 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 51
Wgt avg mkt cap (mns) $187,159
Large cap (>$10bn) 98.4%
Mid cap ($2-10bn) 0.2%
Small cap (<$2bn) 0.0%
Developed mkts 35.3%
Emerging mkts 64.7%

TOP TEN HOLDINGS
MEITUAN DIANPING 9.8 %
TENCENT HOLDINGS LTD 9.0 %
ALIBABA GROUP HOLDING LTD. 7.9 %
PING AN INSURANCE GROUP CO-H 5.1 %
WUXI BIOLOGICS (CAYMAN) INC. 4.5 %
CHINA CONSTRUCTION BANK-H 4.1 %
XIAOMI CORP. CLASS B 3.9 %
IND & COMM BK OF CHINA - H 3.7 %
CHINA MERCHANTS BANK - H 3.2 %
BANK OF CHINA LTD - H 2.9 %
Total 54.2 %

TOP COUNTRY EXPOSURE
CHINA 79.2 %
HONG KONG 11.3 %









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.
8.9% 8.9% 8.3% 3.4% 9.4%

Market Correlations
versus... Beta R-squared
S&P500 0.70 43%
MSCI EAFE 0.71 44%
MSCI Emg. Mkts. 0.75 62%

Technical Indicators
Recent close $51.97
30d moving avg. $47.02
Annualized volatility 20.2%
Short interest (ETF) 25.2%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 14,812
Turnover 17.2%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $8,842

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the iShares China Large-Cap ETF ETF based on the alternatives' overlap in portfolio holdings with FXI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FXI Expense: 74 bp ALTAR Score™: 10.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FXI
Ticker Fund
Name
Overlap1
vs FXI
(%)
Expense
ratio
(bp)
Savings
vs FXI
(bp)
ALTAR
Score™
(%)
ALTAR
vs FXI
(%)
DFAE Dimensional Emerging Core Equity Market ETF 68.4 35 39 6.9 -3.6
KESG KraneShares MSCI China ESG Leaders Index ETF 40.9 59 15 8.1 -2.3
CHIL Global X MSCI China Large-Cap 50 ETF 37.9 29 45 6.1 -4.3
FLCH Franklin FTSE China ETF 35.0 19 55 6.9 -3.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 34.8 32 42 5.4 -5.0
MCHI iShares MSCI China ETF 34.5 59 15 6.4 -4.1
GXC SPDR S&P China ETF 32.2 59 15 6.5 -3.9
AIA iShares Asia 50 ETF 29.2 50 24 5.9 -4.6
KALL KraneShares MSCI All China Index ETF 28.4 49 25 6.8 -3.6
CHIX Global X MSCI China Financials ETF 27.4 66 8 17.7 +7.3
BKF iShares MSCI BRIC ETF 26.8 70 4 6.1 -4.3
CN Xtrackers MSCI All China Equity ETF 26.1 50 24 6.9 -3.6
BKEM BNY Mellon Emerging Markets Equity ETF 24.9 11 63 6.6 -3.8
EEMO Invesco S&P Emerging Markets Momentum ETF 22.8 29 45 3.3 -7.1
GMF SPDR S&P Emerging Asia Pacific ETF 21.2 49 25 5.9 -4.5
PXH Invesco FTSE RAFI Emerging Markets ETF 21.1 50 24 11.4 +1.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 20.4 32 42 5.0 -5.4
KWEB KraneShares CSI China Internet ETF 19.8 76 -2 2.2 -8.2
PBEE Invesco PureBeta FTSE Emerging Markets ETF 19.2 15 59 7.2 -3.2
JHEM John Hancock Multifactor Emerging Markets ETF 18.9 49 25 7.3 -3.1
CQQQ Invesco China Technology ETF 18.8 70 4 4.4 -6.1
FDNI First Trust Dow Jones International Internet ETF 18.8 65 9 1.9 -8.5
ECON Columbia Emerging Markets Consumer ETF 18.7 59 15 4.7 -5.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 18.6 20 54 5.4 -5.0
CHIQ Global X MSCI China Consumer ETF 18.5 65 9 4.6 -5.8
EEMA iShares MSCI Emerging Markets Asia ETF 18.5 50 24 6.3 -4.2
SCHE Schwab Emerging Markets Equity ETF 18.5 11 63 6.7 -3.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 18.0 68 6 5.6 -4.8
FLAX Franklin FTSE Asia Ex Japan ETF 17.8 19 55 6.2 -4.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 17.8 30 44 6.3 -4.1
NUEM Nuveen ESG Emerging Markets Equity ETF 17.7 45 29 5.4 -5.1
LDEM iShares ESG MSCI EM Leaders ETF 17.5 16 58 6.3 -4.1
SPEM SPDR Portfolio Emerging Markets ETF 16.8 11 63 6.5 -3.9
EMXF iShares ESG Advanced MSCI EM ETF 16.5 16 58 7.1 -3.4
EWEB Global X Emerging Markets Internet & E-commerce ETF 16.4 65 9 2.5 -8.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 16.4 39 35 11.5 +1.0
EEM iShares MSCI Emerging Markets ETF 16.1 70 4 5.9 -4.5
VWO Vanguard FTSE Emerging Markets ETF 16.1 10 64 6.9 -3.5
ESGE iShares ESG Aware MSCI EM ETF 16.0 25 49 6.9 -3.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 15.7 65 9 5.9 -4.5
ISEM Invesco RAFI Strategic Emerging Markets ETF 15.4 35 39 8.7 -1.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 15.3 86 -12 2.1 -8.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 15.0 36 38 6.7 -3.7
PIE Invesco DWA Emerging Markets Momentum ETF 14.6 90 -16 1.8 -8.6
FPXI First Trust International Equity Opportunities ETF 14.5 70 4 3.7 -6.7
IEMG iShares Core MSCI Emerging Markets ETF 14.4 11 63 6.5 -3.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 14.1 95 -21 7.0 -3.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 13.8 40 34 6.0 -4.4
FCA First Trust China AlphaDEX Fund 13.1 80 -6 12.6 +2.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 12.9 45 29 6.3 -4.2
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 12.5 60 14 2.3 -8.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 12.3 59 15 10.4 +0.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 12.3 32 42 7.4 -3.0
AVEM Avantis Emerging Markets Equity ETF 12.2 33 41 7.2 -3.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 11.6 30 44 7.5 -3.0
ROAM Hartford Multifactor Emerging Markets ETF 11.2 44 30 11.4 +1.0
RESE WisdomTree Emerging Markets ESG Fund 11.0 32 42 6.6 -3.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 10.5 25 49 6.6 -3.8
BICK First Trust BICK Index Fund 9.9 64 10 3.2 -7.2
FDEM Fidelity Emerging Markets Multifactor ETF 9.8 45 29 7.7 -2.7
CHIC Global X MSCI China Communication Services ETF 9.8 66 8 4.5 -5.9
RNEM First Trust Emerging Markets Equity Select ETF 9.6 75 -1 10.1 -0.4
VIGI Vanguard International Dividend Appreciation ETF 9.4 20 54 5.0 -5.4
CEZ VictoryShares Emerging Market Volatility Wtd ETF 9.4 50 24 9.4 -1.0
WUGI Esoterica NextG Economy ETF 9.2 75 -1 1.0 -9.4
DEM WisdomTree Emerging Markets High Dividend Fund 9.1 63 11 12.8 +2.4
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 9.0 45 29 11.9 +1.5
IXP iShares Global Comm Services ETF 9.0 46 28 5.2 -5.2
SOCL Global X Social Media ETF 9.0 65 9 2.2 -8.2
FEM First Trust Emerging Markets AlphaDEX Fund 8.9 80 -6 10.3 -0.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 8.4 49 25 7.5 -2.9
JIG JPMorgan International Growth ETF 8.4 55 19 2.5 -8.0
ESPO VanEck Vectors Video Gaming & eSports ETF 8.4 55 19 3.1 -7.4
DINT Davis Select International ETF 7.9 68 6 5.3 -5.1
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 7.7 51 23 18.5 +8.1
OGIG O'Shares Global Internet Giants ETF 7.7 48 26 0.6 -9.9
CHIH Global X MSCI China Health Care ETF 7.5 66 8 2.5 -8.0
KURE KraneShares MSCI All China Health Care Index ETF 7.5 65 9 2.0 -8.4
EMGF iShares MSCI Emerging Markets Multifactor ETF 7.3 45 29 8.5 -1.9
GLCN VanEck Vectors Ftse China A50 ETF 7.2 60 14 4.1 -6.4
AIQ Global X Future Analytics Tech ETF 7.1 68 6 3.4 -7.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 7.0 29 45 9.4 -1.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 6.9 61 13 7.7 -2.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 6.8 16 58 5.9 -4.5
VSGX Vanguard ESG International Stock ETF 6.8 17 57 6.3 -4.1
EDIV SPDR S&P Emerging Markets Dividend ETF 6.6 49 25 10.4 -0.1
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF 6.5 44 30 8.1 -2.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 6.4 47 27 8.0 -2.4
MOTI VanEck Vectors Morningstar International Moat ETF 6.1 57 17 9.3 -1.2
IWFH iShares Virtual Work and Life Multisector ETF 6.0 47 27 0.5 -9.9
CARZ First Trust NASDAQ Global Auto Index Fund 6.0 70 4 9.7 -0.7
CHIR Global X MSCI China Real Estate ETF 6.0 65 9 18.4 +8.0
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 5.8 25 49 3.1 -7.4
CHNA Loncar China BioPharma ETF 5.8 79 -5 2.6 -7.8
EKAR Innovation Shares NextGen Vehicles & Technology ETF 5.6 95 -21 4.9 -5.5
DRW WisdomTree Global ex-US Real Estate Fund 5.4 58 16 9.4 -1.0
EMMF WisdomTree Emerging Markets Multifactor Fund 5.4 48 26 8.0 -2.4
CWI SPDR MSCI ACWI ex-US ETF 5.3 30 44 6.1 -4.3

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:
iShares China Large-Cap ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.6 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 74 bp
Equals: ALTAR Score 10.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.22 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.