iShares China Large-Cap ETF
ALTAR
Score™
11.8% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
10.4x P/Sales
ratio
1.2x
P/BV
ratio
1.1x Div.
yield
3.1%


  • 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) $3,446
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) $160,824
Large cap (>$10bn) 99.4%
Mid cap ($2-10bn) 0.6%
Small cap (<$2bn) 0.0%
Developed mkts 32.9%
Emerging mkts 67.1%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 10.2 %
MEITUAN DIANPING 9.9 %
CHINA CONSTRUCTION BANK-H 8.5 %
PING AN INSURANCE GROUP CO-H 5.5 %
IND & COMM BK OF CHINA - H 4.8 %
CHINA MOBILE LIMITED 4.3 %
BANK OF CHINA LTD - H 4.0 %
XIAOMI CORP. CLASS B 3.7 %
CNOOC LTD 3.1 %
CHINA MERCHANTS BANK - H 3.1 %
Total 57.2 %

TOP COUNTRY EXPOSURE
CHINA 80.0 %
HONG KONG 16.5 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.2% -4.7% -0.3% 2.6% 8.5%

Market Correlations
versus... Beta R-squared
S&P500 0.73 39%
MSCI EAFE 0.85 47%
MSCI Emg. Mkts. 0.81 66%

Technical Indicators
Recent close $45.40
30d moving avg. $40.29
Annualized volatility 19.7%
Short interest (ETF) 60.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 20,514
Turnover 27.0%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $4,681

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 11.8%


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
(%)
CHIL Global X MSCI China Large-Cap 50 ETF 44.2 29 45 7.9 -3.8
CHIX Global X China Financials ETF 38.5 66 8 15.7 +3.9
FLCH Franklin FTSE China ETF 36.3 19 55 7.9 -3.9
MCHI iShares MSCI China ETF 35.7 59 15 7.5 -4.3
GXC SPDR S&P China ETF 34.8 59 15 7.7 -4.1
AIA iShares Asia 50 ETF 31.5 50 24 7.9 -3.9
WCHN WisdomTree ICBCCS S&P China 500 Fund 28.6 55 19 8.7 -3.1
BKF iShares MSCI BRIC ETF 28.2 69 5 7.3 -4.5
KALL KraneShares FTSE Emerging Markets Plus ETF 27.7 49 25 7.8 -4.0
CN Xtrackers MSCI All China Equity ETF 27.4 50 24 7.7 -4.1
PXH Invesco FTSE RAFI Emerging Markets ETF 25.9 50 24 12.8 +1.0
CXSE WisdomTree China ex-State-Owned Enterprises Fund 23.5 32 42 6.0 -5.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 22.2 39 35 12.5 +0.7
GMF SPDR S&P Emerging Asia Pacific ETF 22.1 49 25 7.2 -4.6
EEMA iShares MSCI Emerging Markets Asia ETF 20.5 50 24 7.5 -4.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 20.4 95 -21 9.1 -2.6
BKEM BNY Mellon Emerging Markets Equity ETF 20.1 11 63 8.4 -3.4
KWEB KraneShares CSI China Internet ETF 19.6 76 -2 1.7 -10.0
JHEM John Hancock Multifactor Emerging Markets ETF 19.6 49 25 8.3 -3.5
CQQQ Invesco China Technology ETF 19.6 70 4 3.7 -8.1
PBEE Invesco PureBeta FTSE Emerging Markets ETF 19.4 15 59 8.6 -3.2
AXJL WisdomTree Asia Pacific ex-Japan Fund 19.4 48 26 9.7 -2.1
ISEM Invesco Strategic Emerging Markets ETF 19.3 35 39 10.0 -1.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 19.0 68 6 7.0 -4.8
SCHE Schwab Emerging Markets Equity ETF 18.9 11 63 7.8 -4.0
FLAX Franklin FTSE Asia Ex Japan ETF 18.8 19 55 7.7 -4.1
ECON Columbia Emerging Markets Consumer ETF 18.8 59 15 4.4 -7.4
FDNI First Trust Dow Jones International Internet ETF 18.4 65 9 2.2 -9.6
FCA First Trust China AlphaDEX Fund 18.0 80 -6 13.3 +1.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 18.0 30 44 7.8 -4.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 17.8 20 54 6.8 -4.9
SPEM SPDR Portfolio Emerging Markets ETF 17.5 11 63 7.8 -4.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 17.1 36 38 8.1 -3.6
VWO Vanguard FTSE Emerging Markets ETF 17.1 10 64 8.0 -3.8
CHIC Global X Nasdaq China Technology ETF 17.1 66 8 3.6 -8.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 17.0 86 -12 2.1 -9.6
RNEM Emerging Markets Equity Select ETF 16.9 75 -1 10.2 -1.6
EEM iShares MSCI Emerging Markets ETF 16.8 68 6 7.4 -4.4
NUEM Nuveen ESG Emerging Markets Equity ETF 16.7 45 29 7.2 -4.6
IPOS Renaissance International IPO ETF 16.7 80 -6 4.9 -6.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 16.6 65 9 7.4 -4.3
ESGE iShares ESG MSCI EM ETF 15.9 25 49 8.6 -3.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 15.8 40 34 7.1 -4.7
DEM WisdomTree Emerging Markets High Dividend Fund 15.7 63 11 13.6 +1.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 15.1 45 29 7.9 -3.9
IEMG iShares Core MSCI Emerging Markets ETF 15.1 13 61 7.9 -3.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 14.3 32 42 6.1 -5.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 14.1 59 15 10.9 -0.9
TTTN UP Fintech China-U.S. Internet Titans ETF 13.7 59 15 4.1 -7.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 12.5 32 42 8.8 -3.0
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 12.4 45 29 9.1 -2.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 12.3 30 44 8.6 -3.2
CHIQ Global X China Consumer ETF 12.0 65 9 7.2 -4.6
BICK First Trust BICK Index Fund 11.7 64 10 4.7 -7.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 11.5 29 45 9.6 -2.2
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 11.3 25 49 7.6 -4.2
EDIV SPDR S&P Emerging Markets Dividend ETF 11.1 49 25 10.7 -1.1
ROAM Hartford Multifactor Emerging Markets ETF 10.8 44 30 14.4 +2.6
JOYY Infusive Compounding Global Equities ETF 10.7 50 24 3.7 -8.1
IXP iShares Global Comm Services ETF 10.6 46 28 5.6 -6.2
AVEM Avantis Emerging Markets Equity ETF 10.4 33 41 8.9 -2.9
PIE Invesco DWA Emerging Markets Momentum ETF 10.2 90 -16 5.1 -6.6
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 10.2 45 29 13.2 +1.4
DINT Davis Select International ETF 9.9 68 6 5.7 -6.1
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 9.6 51 23 13.2 +1.4
CHIR Global X MSCI China Real Estate ETF 9.6 65 9 14.8 +3.1
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 9.5 60 14 8.2 -3.5
SOCL Global X Social Media ETF 9.3 65 9 1.9 -9.9
DVEM WisdomTree Emerging Markets Dividend Fund 9.1 32 42 8.2 -3.6
AIQ Global X Future Analytics Tech ETF 8.8 68 6 3.8 -8.0
ESPO VanEck Vectors Video Gaming & eSports ETF 8.7 55 19 2.7 -9.1
FPXI First Trust International Equity Opportunities ETF 8.7 70 4 3.2 -8.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 8.7 44 30 8.8 -3.0
EMCG WisdomTree Emerging Markets Consumer Growth Fund 8.5 32 42 7.5 -4.3
VIGI Vanguard International Dividend Appreciation ETF 8.5 25 49 5.5 -6.3
EEMO Invesco S&P Emerging Markets Momentum ETF 8.5 29 45 6.6 -5.2
EMMF WisdomTree Emerging Markets Multifactor Fund 8.4 48 26 9.3 -2.5
FDEM Fidelity Targeted Emerging Markets Factor ETF 8.4 45 29 9.4 -2.4
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 8.3 50 24 10.1 -1.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 7.9 20 54 10.9 -0.9
OGIG O'Shares Global Internet Giants ETF 7.9 48 26 0.7 -11.1
MOTI VanEck Vectors Morningstar International Moat ETF 7.3 57 17 8.4 -3.4
CHIE Global X China Energy ETF 7.2 66 8 10.6 -1.1
FEM First Trust Emerging Markets AlphaDEX Fund 7.2 80 -6 10.9 -0.9
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 7.0 80 -6 3.8 -8.0
GBUY Goldman Sachs Motif New Age Consumer ETF 6.6 50 24 1.9 -9.9
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 6.6 25 49 1.9 -9.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 6.6 47 27 12.5 +0.7
DRW WisdomTree Global ex-US Real Estate Fund 6.5 58 16 10.3 -1.5
EEMD AAM S&P Emerging Markets High Dividend Value ETF 6.5 50 24 20.2 +8.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 5.9 70 4 13.1 +1.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 5.9 49 25 8.6 -3.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 5.8 16 58 6.9 -4.9
VNQI Vanguard Global ex-US Real Estate Index Fund 5.6 12 62 9.7 -2.1
DVYE iShares Emerging Markets Dividend ETF 5.6 49 25 15.8 +4.1
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 5.3 64 10 4.7 -7.1
CWI SPDR MSCI ACWI ex-US ETF 5.0 30 44 7.1 -4.7
ACWX iShares MSCI ACWI ex U.S. ETF 4.8 32 42 7.2 -4.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.8 40 34 7.0 -4.8
VEU Vanguard FTSE All-World ex-US Index Fund 4.8 8 66 7.5 -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 13.4 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 74 bp
Equals: ALTAR Score 11.8 %
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.