JPMorgan Active China ETF
ALTAR
Score™		 8.5% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 10.2x P/Sales
ratio		 1.1x
P/BV
ratio		 1.4x Div.
yield		 3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
JCHI is actively managed to hold a narrow portfolio of Chinese equities and equity-related securities that are fundamentally assessed for sustainable growth and disciplined capital management. The fund also considers ESG factors during the investment process.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor JPMorgan Chase
Website am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-active-china-etf-etf-shares-46654q880
Inception date Mar 16, 2023
Assets (mns) $10
Currency USD
Expense ratio 65 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 54
Wgt avg mkt cap (mns) $120,811
Large cap (>$10bn) 78.4%
Mid cap ($2-10bn) 21.0%
Small cap (<$2bn) 0.6%
Developed mkts 5.8%
Emerging mkts 94.2%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 13.2 %
ALIBABA GROUP HOLDING LTD. 5.5 %
CHINA CONSTRUCTION BANK-H 4.4 %
CHINA MERCHANTS BANK - H 4.4 %
KWEICHOW MOUTAI CO LTD-A 3.5 %
MEITUAN DIANPING 3.4 %
HAIER SMART HOME CO., LTD. CLASS H 3.1 %
FOXCONN INDUSTRIAL INTERNET CO., L 3.0 %
CHINA YANGTZE POWER CO LTD-A 2.9 %
NETEASE, INC 2.5 %
Total 46.0 %

TOP COUNTRY EXPOSURE
CHINA 96.4 %
HONG KONG 3.7 %









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.
3.7% -7.7% -- -- -11.5%

Market Correlations
versus... Beta R-squared
S&P500 0.56 13%
MSCI EAFE 0.76 29%
MSCI Emg. Mkts. 1.13 53%

Technical Indicators
Recent close $40.28
30d moving avg. $42.09
Annualized volatility 22.3%
Short interest (ETF) 0.2%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.4%
Bid/Ask (% of price) 0.47%
ADV underlying (mns) $5,975

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 221 potential alternatives to the JPMorgan Active China ETF ETF based on the alternatives' overlap in portfolio holdings with JCHI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: JCHI Expense: 65 bp ALTAR Score™: 8.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JCHI
Ticker Fund
Name		 Overlap1
vs JCHI
(%)		 Expense
ratio
(bp)		 Savings
vs JCHI
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs JCHI
(%)
MCH Matthews China Active ETF 40.9 79 -14 6.4 -2.1
MCHI iShares MSCI China ETF 38.7 59 6 9.1 +0.6
FXI iShares China Large-Cap ETF 37.1 74 -9 9.7 +1.2
FLCH Franklin FTSE China ETF 36.6 19 46 9.8 +1.3
KALL KraneShares MSCI All China Index ETF 35.2 49 16 9.7 +1.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 34.6 32 33 6.8 -1.7
GXC SPDR S&P China ETF 32.5 59 6 9.1 +0.6
KWEB KraneShares CSI China Internet ETF 27.9 69 -4 -0.9 -9.3
KTEC KraneShares Hang Seng TECH Index ETF 27.8 69 -4 -4.1 -12.5
TCHI iShares MSCI China Multisector Tech ETF 25.2 59 6 2.2 -6.3
AIA iShares Asia 50 ETF 23.3 50 15 6.7 -1.8
FDNI First Trust Dow Jones International Internet ETF 22.4 65 0 3.0 -5.5
BKF iShares MSCI BIC ETF 21.5 69 -4 7.3 -1.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 21.0 86 -21 2.0 -6.4
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 19.1 55 10 8.9 +0.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 18.4 33 32 7.1 -1.4
CGRO CoreValues Alpha Greater China Growth ETF 17.3 75 -10 0.0 -8.5
CQQQ Invesco China Technology ETF 17.2 70 -5 -6.9 -15.4
PXH Invesco FTSE RAFI Emerging Markets ETF 17.1 49 16 12.7 +4.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 16.7 20 45 6.9 -1.5
CHIQ Global X MSCI China Consumer Discretionary ETF 15.5 65 0 6.0 -2.4
RAYC Rayliant Quantamental China Equity ETF 14.9 80 -15 8.9 +0.4
AFTY Pacer CSOP FTSE China A50 ETF 14.5 70 -5 9.6 +1.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 14.5 39 26 12.3 +3.9
MEM Matthews Emerging Markets Equity Active ETF 14.3 79 -14 5.8 -2.7
LDEM iShares ESG MSCI EM Leaders ETF 14.3 17 48 7.5 -0.9
EEMA iShares MSCI Emerging Markets Asia ETF 13.8 49 16 6.6 -1.9
NUEM Nuveen ESG Emerging Markets Equity ETF 13.5 36 29 6.7 -1.7
MINV Matthews Asia Innovators Active ETF 13.4 79 -14 1.0 -7.5
ECON Columbia Emerging Markets Consumer ETF 13.4 49 16 5.1 -3.4
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 13.2 65 0 9.0 +0.6
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 13.2 60 5 0.5 -7.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 12.8 70 -5 6.3 -2.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 11.8 15 50 7.3 -1.2
GMF SPDR S&P Emerging Asia Pacific ETF 11.8 49 16 6.2 -2.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 11.4 30 35 7.4 -1.1
CNYA iShares MSCI China A ETF 11.2 60 5 8.9 +0.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 11.2 66 -1 6.8 -1.7
SOCL Global X Social Media ETF 11.2 65 0 -6.1 -14.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 11.0 78 -13 9.3 +0.9
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 10.9 68 -3 8.3 -0.2
ESGE iShares ESG Aware MSCI EM ETF 10.9 25 40 7.4 -1.1
EEM iShares MSCI Emerging Markets ETF 10.8 69 -4 6.9 -1.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 10.6 32 33 6.3 -2.2
SCHE Schwab Emerging Markets Equity ETF 10.5 11 54 7.3 -1.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 10.4 36 29 7.1 -1.3
FLAX Franklin FTSE Asia Ex Japan ETF 10.2 19 46 7.0 -1.5
BKEM BNY Mellon Emerging Markets Equity ETF 10.2 11 54 7.5 -1.0
JHEM John Hancock Multifactor Emerging Markets ETF 10.2 49 16 8.1 -0.4
FDEM Fidelity Emerging Markets Multifactor ETF 10.0 25 40 11.4 +2.9
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 9.8 65 0 4.8 -3.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 9.6 45 20 7.9 -0.5
SPEM SPDR Portfolio Emerging Markets ETF 9.3 7 58 7.4 -1.1
IEMG iShares Core MSCI Emerging Markets ETF 9.2 9 56 7.5 -1.0
DEHP Dimensional Emerging Markets High Profitability ETF 9.1 41 24 6.6 -1.9
EMGF iShares Emerging Markets Equity Factor ETF 9.1 25 40 8.7 +0.3
DFAE Dimensional Emerging Core Equity Market ETF 9.0 35 30 7.4 -1.1
FMET Fidelity Metaverse ETF 8.6 39 26 5.1 -3.4
GBUY Goldman Sachs Future Consumer Equity ETF 8.5 75 -10 3.7 -4.8
FCA First Trust China AlphaDEX Fund 8.4 80 -15 18.1 +9.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 8.2 40 25 6.7 -1.8
EMXF iShares ESG Advanced MSCI EM ETF 8.1 16 49 7.0 -1.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 8.1 41 24 7.5 -1.0
DFEV Dimensional Emerging Markets Value ETF 8.0 43 22 11.1 +2.7
DINT Davis Select International ETF 7.9 55 10 6.2 -2.2
DWLD Davis Select Worldwide ETF 7.9 63 2 7.0 -1.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 7.8 50 15 10.9 +2.5
ODDS Pacer BlueStar Digital Entertainment ETF 7.8 60 5 2.3 -6.2
EMC Global X Emerging Markets Great Consumer ETF 7.6 75 -10 4.8 -3.7
ESPO VanEck Video Gaming and eSports ETF 7.6 56 9 4.2 -4.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 7.5 38 27 8.1 -0.4
EMFQ Amplify Emerging Markets FinTech ETF 7.4 69 -4 5.7 -2.8
DEM WisdomTree Emerging Markets High Dividend Fund 7.2 63 2 12.6 +4.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 7.0 30 35 7.9 -0.6
ARVR First Trust Indxx Metaverse ETF 7.0 70 -5 1.7 -6.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 6.8 59 6 9.2 +0.7
ROAM Hartford Multifactor Emerging Markets ETF 6.8 44 21 11.3 +2.9
AVEM Avantis Emerging Markets Equity ETF 6.7 33 32 8.8 +0.4
OBOR KraneShares MSCI One Belt One Road Index ETF 6.7 79 -14 9.9 +1.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 6.7 95 -30 10.6 +2.2
PGJ Invesco Golden Dragon China ETF 6.6 70 -5 5.4 -3.1
IVRS iShares Future Metaverse Tech and Communications ETF 6.2 47 18 -3.9 -12.3
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 6.1 18 47 7.0 -1.4
MOTI VanEck Morningstar International Moat ETF 6.1 58 7 6.2 -2.2
DVYE iShares Emerging Markets Dividend ETF 5.9 49 16 15.5 +7.0
OND ProShares On-Demand ETF 5.9 58 7 -2.2 -10.6
VWO Vanguard FTSE Emerging Markets ETF 5.9 8 57 7.2 -1.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 5.7 45 20 10.9 +2.5
CHAT Roundhill Generative AI & Technology ETF 5.7 75 -10 4.1 -4.4
IWFH iShares Virtual Work and Life Multisector ETF 5.5 47 18 -4.2 -12.7
BNGE First Trust S-Network Streaming and Gaming ETF 5.4 70 -5 -2.1 -10.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 5.4 60 5 9.7 +1.3
IXP iShares Global Comm Services ETF 5.3 42 23 5.4 -3.0
EDIV SPDR S&P Emerging Markets Dividend ETF 5.2 49 16 10.5 +2.1
KGRN KraneShares MSCI China Clean Technology Index ETF 5.1 79 -14 6.5 -1.9
AIQ Global X Artificial Intelligence & Technology ETF 5.0 68 -3 4.0 -4.4
JIG JPMorgan International Growth ETF 4.8 55 10 4.3 -4.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 4.6 25 40 6.5 -2.0
MRAD SmartETFs Advertising & Marketing Technology ETF 4.5 68 -3 5.7 -2.8
WUGI AXS Esoterica NextG Economy ETF 4.3 75 -10 2.8 -5.7
WRND IQ Global Equity R&D Leaders ETF 4.2 18 47 7.1 -1.4
METV Roundhill Ball Metaverse ETF 4.1 59 6 3.4 -5.1
CGXU Capital Group International Focus Equity ETF 3.9 54 11 5.1 -3.4
DSTX Distillate International Fundamental Stability & Value ETF 3.9 55 10 8.6 +0.2
ANEW ProShares MSCI Transformational Changes ETF 3.7 45 20 3.6 -4.9
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 3.7 47 18 1.9 -6.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 3.6 47 18 9.1 +0.6
RXI iShares Global Consumer Discretionary ETF 3.6 41 24 5.8 -2.7
RODE Hartford Multifactor Diversified International ETF 3.6 29 36 11.4 +3.0
EYLD Cambria Emerging Shareholder Yield ETF 3.5 66 -1 13.1 +4.7
KURE KraneShares MSCI All China Health Care Index ETF 3.5 65 0 4.9 -3.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.2 41 24 6.7 -1.8
ACWX iShares MSCI ACWI ex U.S. ETF 3.2 34 31 6.8 -1.7
CWI SPDR MSCI ACWI ex-US ETF 3.0 30 35 6.7 -1.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 3.0 42 23 7.4 -1.0
ICLN iShares Global Clean Energy ETF 2.9 41 24 4.8 -3.7
ISHP First Trust Nasdaq Retail ETF 2.9 60 5 3.2 -5.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 2.9 20 45 10.2 +1.7
OGIG ALPS O'Shares Global Internet Giants ETF 2.8 48 17 0.6 -7.9
LUX Tema Luxury ETF 2.8 75 -10 3.9 -4.6
IQDF FlexShares International Quality Dividend Index Fund 2.7 47 18 8.9 +0.5
IXUS iShares Core MSCI Total International Stock ETF 2.7 7 58 7.0 -1.5
VEU Vanguard FTSE All-World ex-US Index Fund 2.7 8 57 7.0 -1.5
FEM First Trust Emerging Markets AlphaDEX Fund 2.6 80 -15 14.2 +5.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.6 44 21 10.3 +1.9
GGME Invesco Next Gen Media and Gaming ETF 2.6 60 5 3.9 -4.6
GVAL Cambria Global Value ETF 2.6 68 -3 12.9 +4.4
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.6 65 0 8.3 -0.2
IBUY Amplify Online Retail ETF 2.5 65 0 1.5 -6.9
RNEM First Trust Emerging Markets Equity Select ETF 2.5 75 -10 5.9 -2.6
IQDE FlexShares International Quality Dividend Defensive Index ET 2.5 47 18 8.2 -0.2
PTEC Global X PropTech ETF 2.3 50 15 1.6 -6.8
VXUS Vanguard Total International Stock ETF 2.3 7 58 6.9 -1.5
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.3 90 -25 6.3 -2.2
LNGG Roundhill Alerian LNG ETF 2.2 65 0 8.5 +0.0
FLHK Franklin FTSE Hong Kong ETF 2.1 9 56 7.4 -1.1
HJEN Direxion Hydrogen ETF 2.1 45 20 -6.7 -15.2
EEMD AAM S&P Emerging Markets High Dividend Value ETF 2.1 49 16 18.2 +9.7
DGT SPDR Global Dow ETF 2.1 50 15 6.6 -1.8
MOTG VanEck Morningstar Global Wide Moat ETF 2.0 52 13 5.7 -2.8
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.9 67 -2 17.6 +9.1
ACWV iShares MSCI Global Min Vol Factor ETF 1.9 20 45 6.2 -2.3
FID First Trust S&P International Dividend Aristocrats ETF 1.9 60 5 9.4 +1.0
IPO Renaissance IPO ETF 1.9 60 5 -2.0 -10.4
KSTR KraneShares SSE STAR Market 50 Index ETF 1.8 89 -24 3.1 -5.4
VSGX Vanguard ESG International Stock ETF 1.8 12 53 6.5 -2.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.8 30 35 7.9 -0.6
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 1.6 65 0 7.0 -1.4
VYMI Vanguard International High Dividend Yield ETF 1.6 22 43 9.6 +1.1
FDCF Fidelity Disruptive Communications ETF 1.6 50 15 2.7 -5.7
IGRO iShares International Dividend Growth ETF 1.5 15 50 7.1 -1.3
BWEB Bitwise Web3 ETF 1.4 85 -20 0.9 -7.5
SCHY Schwab International Dividend Equity ETF 1.4 14 51 8.9 +0.5
WDIV SPDR S&P Global Dividend ETF 1.4 40 25 9.6 +1.1
RAYS Global X Solar ETF 1.4 51 14 7.1 -1.4
DEW WisdomTree Global High Dividend Fund 1.3 58 7 8.7 +0.2
BEDZ AdvisorShares Hotel ETF 1.3 100 -35 1.8 -6.6
CRUZ Defiance Hotel Airline and Cruise ETF 1.3 45 20 -5.1 -13.6
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.2 61 4 2.7 -5.8
IXC iShares Global Energy ETF 1.2 44 21 9.1 +0.7
NXTG First Trust Indxx NextG ETF 1.2 70 -5 5.9 -2.6
AVES Avantis Emerging Markets Value ETF 1.1 36 29 10.9 +2.5
ACWI iShares MSCI ACWI ETF 1.1 32 33 5.5 -3.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.1 20 45 5.3 -3.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.1 9 56 5.7 -2.8
KOCG FIS Knights of Columbus Global Belief ETF 1.1 75 -10 5.4 -3.1
FRNW Fidelity Clean Energy ETF 1.1 39 26 3.7 -4.8
TAN Invesco Solar ETF 1.1 67 -2 3.2 -5.2
MVPS Amplify Thematic All-Stars ETF 1.1 49 16 3.1 -5.4
FCLD Fidelity Cloud Computing ETF 1.1 39 26 3.3 -5.1
BUYZ Franklin Disruptive Commerce ETF 1.1 50 15 2.2 -6.3
IXG iShares Global Financials ETF 1.1 42 23 6.6 -1.8
IOO iShares Global 100 ETF 1.0 41 24 4.9 -3.6
EMMF WisdomTree Emerging Markets Multifactor Fund 1.0 48 17 9.0 +0.6
CTEC Global X CleanTech ETF 1.0 50 15 2.5 -5.9
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.0 75 -10 3.1 -5.4
VT Vanguard Total World Stock ETF 1.0 7 58 5.8 -2.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.0 12 53 4.8 -3.6
VIDI Vident International Equity Strategy ETF 0.9 61 4 11.9 +3.4
EEMO Invesco S&P Emerging Markets Momentum ETF 0.9 29 36 6.1 -2.3
UMMA Wahed Dow Jones Islamic World ETF 0.8 65 0 4.6 -3.9
TTAI FCF International Quality ETF 0.8 59 6 6.6 -1.9
GINN Goldman Sachs Innovate Equity ETF 0.7 52 13 2.7 -5.7
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.7 75 -10 5.0 -3.4
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.7 61 4 -1.0 -9.5
DFNL Davis Select Financial ETF 0.7 63 2 7.2 -1.3
GLOF iShares Global Equity Factor ETF 0.7 20 45 7.2 -1.3
FILL iShares MSCI Global Energy Producers ETF 0.7 39 26 10.0 +1.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.6 46 19 9.3 +0.8
PBD Invesco Global Clean Energy ETF 0.6 75 -10 -7.0 -15.4
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.6 46 19 5.4 -3.1
FTRI First Trust Indxx Global Natural Resources Income ETF 0.6 70 -5 10.0 +1.5
VIGI Vanguard International Dividend Appreciation ETF 0.5 15 50 5.7 -2.7
JRNY ALPS Global Travel Beneficiaries ETF 0.5 65 0 -1.2 -9.7
ETEC iShares Breakthrough Environmental Solutions ETF 0.5 47 18 8.0 -0.4
JPIN J.P. Morgan Diversified Return International Equity ETF 0.4 37 28 8.5 0.0
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.4 65 0 1.3 -7.2
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -24 4.9 -3.6
QQQS Invesco NASDAQ Future Gen 200 ETF 0.4 20 45 -8.8 -17.3
CLNR IQ Cleaner Transport ETF 0.3 45 20 6.3 -2.1
VEGI iShares MSCI Agriculture Producers ETF 0.3 39 26 9.5 +1.0
FPAG FPA Global Equity ETF 0.3 49 16 5.5 -3.0
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.2 45 20 -0.5 -8.9
TRFM AAM Transformers ETF 0.2 49 16 1.5 -7.0
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.2 45 20 5.8 -2.6
ERTH Invesco MSCI Sustainable Future ETF 0.2 62 3 3.2 -5.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 20 8.6 +0.1
SDG iShares MSCI Global Sustainable Development Goals ETF 0.1 49 16 5.6 -2.9
VPL Vanguard FTSE Pacific ETF 0.1 8 57 6.9 -1.5
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 41 8.3 -0.1
APIE ActivePassive International Equity ETF 0.1 45 20 7.6 -0.9
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 45 6.8 -1.6
KOMP SPDR S&P Kensho New Economies Composite ETF 0.1 20 45 1.1 -7.3
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 36 6.2 -2.2
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 40 9.3 +0.8
QINT American Century Quality Diversified International ETF 0.1 39 26 7.7 -0.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 7 9.9 +1.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 44 4.0 -4.5
SCHF Schwab International Equity ETF 0.0 6 59 7.1 -1.3
VEA Vanguard FTSE Developed Markets ETF 0.0 5 60 6.9 -1.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 62 6.8 -1.6

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 JPMorgan Active China ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.0 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 8.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.29 CATEGORY
AVERAGE		 1.48
 
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.