JPMorgan Active China ETF
ALTAR
Score™		 7.9% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 11.2x P/Sales
ratio		 1.2x
P/BV
ratio		 1.6x Div.
yield		 2.8%


  • 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) $12
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 52
Wgt avg mkt cap (mns) $130,896
Large cap (>$10bn) 81.1%
Mid cap ($2-10bn) 18.2%
Small cap (<$2bn) 0.7%
Developed mkts 7.8%
Emerging mkts 92.2%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 13.0 %
ALIBABA GROUP HOLDING LTD. 5.8 %
CHINA CONSTRUCTION BANK-H 4.6 %
CHINA MERCHANTS BANK - H 4.4 %
MEITUAN DIANPING 3.4 %
KWEICHOW MOUTAI CO LTD-A 3.4 %
CHINA YANGTZE POWER CO LTD-A 3.4 %
HAIER SMART HOME CO., LTD. CLASS H 3.0 %
FOXCONN INDUSTRIAL INTERNET CO., L 2.7 %
NETEASE, INC 2.6 %
Total 46.3 %

TOP COUNTRY EXPOSURE
CHINA 94.8 %
HONG KONG 4.0 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
10.0% 7.3% -- -- -5.1%

Market Correlations
versus... Beta R-squared
S&P500 0.49 6%
MSCI EAFE 0.72 17%
MSCI Emg. Mkts. 1.38 54%

Technical Indicators
Recent close $44.51
30d moving avg. $47.95
Annualized volatility 25.5%
Short interest (ETF) 3.4%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.4%
Bid/Ask (% of price) 0.47%
ADV underlying (mns) $7,968

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 238 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™: 7.9%


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 43.4 79 -14 5.3 -2.6
MCHI iShares MSCI China ETF 38.5 59 6 8.3 +0.4
FXI iShares China Large-Cap ETF 37.6 74 -9 8.0 +0.1
FLCH Franklin FTSE China ETF 37.3 19 46 8.7 +0.8
KALL KraneShares MSCI All China Index ETF 35.7 49 16 8.9 +1.0
CXSE WisdomTree China ex-State-Owned Enterprises Fund 34.7 32 33 6.0 -1.9
GXC SPDR S&P China ETF 33.0 59 6 8.3 +0.4
KTEC KraneShares Hang Seng TECH Index ETF 28.0 69 -4 -3.5 -11.4
AIA iShares Asia 50 ETF 26.5 50 15 6.6 -1.4
KWEB KraneShares CSI China Internet ETF 26.3 69 -4 -1.2 -9.1
TCHI iShares MSCI China Multisector Tech ETF 24.9 59 6 1.8 -6.1
BKF iShares MSCI BIC ETF 22.5 69 -4 6.6 -1.3
FDNI First Trust Dow Jones International Internet ETF 21.1 65 0 2.1 -5.8
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 19.3 55 10 8.4 +0.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 18.9 86 -21 1.6 -6.3
PXH Invesco FTSE RAFI Emerging Markets ETF 18.5 49 16 11.8 +3.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 17.7 33 32 8.0 +0.1
CGRO CoreValues Alpha Greater China Growth ETF 17.7 75 -10 2.0 -5.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 16.3 39 26 12.1 +4.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 15.7 20 45 6.6 -1.3
CHIQ Global X MSCI China Consumer Discretionary ETF 15.4 65 0 5.9 -2.0
CQQQ Invesco China Technology ETF 15.2 70 -5 -7.9 -15.8
MEM Matthews Emerging Markets Equity Active ETF 15.1 79 -14 5.3 -2.6
RAYC Rayliant Quantamental China Equity ETF 14.9 80 -15 8.6 +0.7
EEMA iShares MSCI Emerging Markets Asia ETF 14.9 49 16 6.3 -1.6
LDEM iShares ESG MSCI EM Leaders ETF 14.8 17 48 7.3 -0.6
AFTY Pacer CSOP FTSE China A50 ETF 14.3 70 -5 9.1 +1.2
EMC Global X Emerging Markets Great Consumer ETF 14.2 75 -10 4.5 -3.4
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 13.8 60 5 0.5 -7.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 13.7 70 -5 5.9 -2.0
ECON Columbia Emerging Markets Consumer ETF 13.7 49 16 7.2 -0.7
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 13.7 65 0 7.9 -0.0
NUEM Nuveen ESG Emerging Markets Equity ETF 13.4 36 29 6.3 -1.7
EQLT iShares MSCI Emerging Markets Quality Factor ETF 13.3 35 30 7.1 -0.8
GMF SPDR S&P Emerging Asia Pacific ETF 13.1 49 16 5.9 -2.0
EVLU iShares MSCI Emerging Markets Value Factor ETF 12.7 35 30 12.2 +4.3
MINV Matthews Asia Innovators Active ETF 12.6 79 -14 3.0 -4.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 12.6 30 35 7.1 -0.8
ESGE iShares ESG Aware MSCI EM ETF 12.4 25 40 6.9 -1.1
EEM iShares MSCI Emerging Markets ETF 11.9 69 -4 6.6 -1.3
SCHE Schwab Emerging Markets Equity ETF 11.7 11 54 6.9 -1.1
FLAX Franklin FTSE Asia Ex Japan ETF 11.5 19 46 6.7 -1.2
ADIV SmartETFs Asia Pacific Dividend Builder ETF 11.4 78 -13 8.8 +0.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 11.2 15 50 10.1 +2.2
VWO Vanguard FTSE Emerging Markets ETF 10.8 8 57 6.9 -1.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 10.7 66 -1 9.9 +1.9
EMGF iShares Emerging Markets Equity Factor ETF 10.5 25 40 8.3 +0.4
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 10.4 68 -3 8.4 +0.4
SPEM SPDR Portfolio Emerging Markets ETF 10.4 7 58 7.1 -0.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 10.3 15 50 7.1 -0.8
IEMG iShares Core MSCI Emerging Markets ETF 10.2 9 56 7.2 -0.7
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 10.2 65 0 4.0 -3.9
CNYA iShares MSCI China A ETF 10.1 60 5 7.9 +0.0
DFAE Dimensional Emerging Core Equity Market ETF 10.1 35 30 7.1 -0.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 10.1 32 33 6.0 -1.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 10.0 36 29 7.6 -0.3
JHEM John Hancock Multifactor Emerging Markets ETF 9.9 49 16 7.9 +0.0
DEHP Dimensional Emerging Markets High Profitability ETF 9.8 41 24 4.9 -3.0
FDEM Fidelity Emerging Markets Multifactor ETF 9.6 25 40 12.1 +4.2
BKEM BNY Mellon Emerging Markets Equity ETF 9.5 11 54 8.2 +0.3
SOCL Global X Social Media ETF 9.3 65 0 -8.1 -16.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 9.2 45 20 10.7 +2.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 9.2 41 24 7.2 -0.8
PATN Pacer Nasdaq International Patent Leaders ETF 8.9 65 0 6.3 -1.6
EMXF iShares ESG Advanced MSCI EM ETF 8.6 16 49 6.7 -1.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 8.6 38 27 7.6 -0.3
GBUY Goldman Sachs Future Consumer Equity ETF 8.2 75 -10 3.2 -4.7
EMFQ Amplify Emerging Markets FinTech ETF 7.9 69 -4 5.3 -2.7
FMET Fidelity Metaverse ETF 7.8 39 26 5.0 -2.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 7.8 40 25 8.1 +0.2
ODDS Pacer BlueStar Digital Entertainment ETF 7.7 60 5 2.0 -5.9
DFEV Dimensional Emerging Markets Value ETF 7.7 43 22 10.5 +2.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 7.6 95 -30 10.0 +2.0
DINT Davis Select International ETF 7.6 55 10 6.0 -2.0
DWLD Davis Select Worldwide ETF 7.6 63 2 6.6 -1.4
OBOR KraneShares MSCI One Belt One Road Index ETF 7.6 79 -14 10.1 +2.2
DVYE iShares Emerging Markets Dividend ETF 7.4 49 16 18.3 +10.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 7.3 30 35 8.0 +0.0
ESPO VanEck Video Gaming and eSports ETF 7.2 56 9 3.2 -4.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 7.1 59 6 11.1 +3.2
DEM WisdomTree Emerging Markets High Dividend Fund 7.1 63 2 18.6 +10.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 6.8 50 15 12.7 +4.8
AVEM Avantis Emerging Markets Equity ETF 6.7 33 32 8.7 +0.7
ARVR First Trust Indxx Metaverse ETF 6.6 70 -5 0.7 -7.2
ROAM Hartford Multifactor Emerging Markets ETF 6.5 44 21 15.2 +7.3
IVRS iShares Future Metaverse Tech and Communications ETF 6.2 47 18 -4.5 -12.4
OND ProShares On-Demand ETF 6.0 58 7 -2.0 -9.9
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 5.9 18 47 7.0 -1.0
RNEM First Trust Emerging Markets Equity Select ETF 5.8 75 -10 7.1 -0.8
UEVM VictoryShares Emerging Markets Value Momentum ETF 5.4 45 20 11.9 +4.0
PGJ Invesco Golden Dragon China ETF 5.3 70 -5 4.8 -3.1
FEM First Trust Emerging Markets AlphaDEX Fund 5.2 80 -15 12.5 +4.6
KGRN KraneShares MSCI China Clean Technology Index ETF 5.1 79 -14 5.8 -2.1
IXP iShares Global Comm Services ETF 5.1 42 23 4.9 -3.0
MOTI VanEck Morningstar International Moat ETF 5.0 58 7 5.6 -2.4
GSIB Themes Global Systemically Important Banks ETF 4.9 35 30 13.1 +5.2
AIQ Global X Artificial Intelligence & Technology ETF 4.8 68 -3 3.6 -4.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 4.8 25 40 6.4 -1.5
EDIV SPDR S&P Emerging Markets Dividend ETF 4.8 49 16 11.7 +3.8
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.8 60 5 9.7 +1.8
RXI iShares Global Consumer Discretionary ETF 4.7 41 24 5.0 -2.9
FCA First Trust China AlphaDEX Fund 4.7 80 -15 15.4 +7.5
EYLD Cambria Emerging Shareholder Yield ETF 4.6 66 -1 13.2 +5.3
JIG JPMorgan International Growth ETF 4.5 55 10 4.4 -3.5
WUGI AXS Esoterica NextG Economy ETF 4.1 75 -10 2.4 -5.5
BNGE First Trust S-Network Streaming and Gaming ETF 4.1 70 -5 -3.2 -11.2
MRAD SmartETFs Advertising & Marketing Technology ETF 4.1 68 -3 5.3 -2.6
IPKW Invesco International BuyBack Achievers ETF 4.0 55 10 11.1 +3.2
DSTX Distillate International Fundamental Stability & Value ETF 3.8 55 10 7.7 -0.3
METV Roundhill Ball Metaverse ETF 3.8 59 6 3.1 -4.8
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.8 67 -2 14.4 +6.5
IVES Wedbush ETFMG Global Cloud Technology ETF 3.8 68 -3 4.4 -3.6
AIVC Amplify Bloomberg AI Value Chain ETF 3.6 59 6 4.4 -3.5
WRND IQ Global Equity R&D Leaders ETF 3.6 18 47 7.2 -0.7
ACWX iShares MSCI ACWI ex U.S. ETF 3.6 34 31 6.7 -1.2
ANEW ProShares MSCI Transformational Changes ETF 3.6 45 20 3.4 -4.5
RODE Hartford Multifactor Diversified International ETF 3.5 29 36 11.5 +3.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 3.5 47 18 9.0 +1.1
CWI SPDR MSCI ACWI ex-US ETF 3.5 30 35 6.7 -1.2
ICLN iShares Global Clean Energy ETF 3.4 41 24 5.7 -2.2
VEU Vanguard FTSE All-World ex-US Index Fund 3.3 8 57 7.0 -0.9
CHAT Roundhill Generative AI & Technology ETF 3.3 75 -10 3.2 -4.7
CGXU Capital Group International Focus Equity ETF 3.3 54 11 4.6 -3.4
KURE KraneShares MSCI All China Health Care Index ETF 3.1 65 0 4.3 -3.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 3.1 42 23 7.7 -0.3
IXUS iShares Core MSCI Total International Stock ETF 3.1 7 58 6.9 -1.0
MOTG VanEck Morningstar Global Wide Moat ETF 3.1 52 13 5.4 -2.5
VXUS Vanguard Total International Stock ETF 3.0 7 58 7.0 -0.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.0 41 24 7.2 -0.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 3.0 18 47 6.8 -1.1
GVAL Cambria Global Value ETF 2.7 68 -3 12.6 +4.7
ISHP First Trust Nasdaq Retail ETF 2.7 60 5 2.8 -5.1
IQDF FlexShares International Quality Dividend Index Fund 2.7 47 18 12.4 +4.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.5 65 0 7.8 -0.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.4 44 21 10.3 +2.4
IBLC iShares Blockchain and Tech ETF 2.4 47 18 -1.5 -9.4
IQDE FlexShares International Quality Dividend Defensive Index ET 2.4 47 18 14.4 +6.5
VSGX Vanguard ESG International Stock ETF 2.4 12 53 6.5 -1.4
GGME Invesco Next Gen Media and Gaming ETF 2.3 60 5 2.4 -5.5
IGRO iShares International Dividend Growth ETF 2.2 15 50 7.3 -0.6
PTEC Global X PropTech ETF 2.1 50 15 1.5 -6.4
KSTR KraneShares SSE STAR Market 50 Index ETF 2.1 89 -24 2.1 -5.8
FLHK Franklin FTSE Hong Kong ETF 2.1 9 56 6.7 -1.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.0 30 35 7.7 -0.2
FID First Trust S&P International Dividend Aristocrats ETF 2.0 60 5 8.8 +0.8
IBUY Amplify Online Retail ETF 2.0 65 0 1.3 -6.6
OGIG ALPS O'Shares Global Internet Giants ETF 1.9 48 17 1.8 -6.2
LNGG Roundhill Alerian LNG ETF 1.8 65 0 9.2 +1.3
VYMI Vanguard International High Dividend Yield ETF 1.8 22 43 9.6 +1.7
DGT SPDR Global Dow ETF 1.6 50 15 6.6 -1.3
SCHY Schwab International Dividend Equity ETF 1.6 14 51 9.1 +1.2
FDCF Fidelity Disruptive Communications ETF 1.6 50 15 2.4 -5.5
WDIV SPDR S&P Global Dividend ETF 1.5 40 25 9.2 +1.3
ACWV iShares MSCI Global Min Vol Factor ETF 1.5 20 45 6.2 -1.7
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 1.4 65 0 6.2 -1.7
UMMA Wahed Dow Jones Islamic World ETF 1.4 65 0 4.3 -3.6
BWEB Bitwise Web3 ETF 1.4 85 -20 0.6 -7.3
KLMT Invesco MSCI Global Climate 500 ETF 1.3 10 55 5.3 -2.6
FTRI First Trust Indxx Global Natural Resources Income ETF 1.2 70 -5 9.9 +2.0
GDX VanEck Gold Miners ETF 1.2 51 14 4.6 -3.3
COPX Global X Copper Miners ETF 1.2 65 0 8.3 +0.4
RING iShares MSCI Global Gold Miners ETF 1.2 39 26 5.5 -2.4
AGMI Themes Silver Miners ETF 1.2 35 30 4.5 -3.4
NXTG First Trust Indxx NextG ETF 1.2 70 -5 6.0 -1.9
CRUZ Defiance Hotel Airline and Cruise ETF 1.2 45 20 -4.3 -12.2
ACWI iShares MSCI ACWI ETF 1.2 32 33 5.1 -2.8
DEW WisdomTree Global High Dividend Fund 1.2 58 7 8.4 +0.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.2 20 45 5.0 -2.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.2 9 56 5.2 -2.7
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.2 61 4 1.8 -6.1
VIDI Vident International Equity Strategy ETF 1.1 61 4 10.0 +2.1
TTAI FCF International Quality ETF 1.1 59 6 5.2 -2.7
IOO iShares Global 100 ETF 1.1 41 24 4.7 -3.2
CGIE Capital Group International Equity ETF 1.1 54 11 4.7 -3.2
KOCG FIS Knights of Columbus Global Belief ETF 1.1 75 -10 4.8 -3.1
IXC iShares Global Energy ETF 1.1 44 21 9.1 +1.2
BUYZ Franklin Disruptive Commerce ETF 1.1 50 15 1.8 -6.1
VT Vanguard Total World Stock ETF 1.1 7 58 5.4 -2.5
IXG iShares Global Financials ETF 1.1 42 23 6.0 -1.9
EMMF WisdomTree Emerging Markets Multifactor Fund 1.0 48 17 8.5 +0.6
AVES Avantis Emerging Markets Value ETF 1.0 36 29 11.4 +3.5
BIGFX Baron International Growth Retail 1.0 75 -10 3.2 -4.7
FRNW Fidelity Clean Energy ETF 0.9 39 26 2.3 -5.6
CTEC Global X CleanTech ETF 0.9 50 15 2.4 -5.5
PBD Invesco Global Clean Energy ETF 0.9 75 -10 -4.2 -12.1
TAN Invesco Solar ETF 0.9 67 -2 9.1 +1.2
MVPS Amplify Thematic All-Stars ETF 0.9 49 16 2.7 -5.2
RAYS Global X Solar ETF 0.9 51 14 6.5 -1.5
DTAN Sparkline International Intangible Value ETF 0.9 55 10 8.7 +0.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.9 12 53 4.7 -3.3
SDG iShares MSCI Global Sustainable Development Goals ETF 0.8 49 16 5.5 -2.4
JSTC Adasina Social Justice All Cap Global ETF 0.8 89 -24 4.7 -3.2
ECNS iShares MSCI China Small-Cap ETF 0.8 59 6 13.7 +5.8
FCLD Fidelity Cloud Computing ETF 0.8 39 26 2.8 -5.1
GLOF iShares Global Equity Factor ETF 0.8 20 45 5.8 -2.1
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.8 75 -10 4.2 -3.7
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.7 46 19 4.9 -3.0
IWTR iShares MSCI Water Management Multisector ETF 0.7 47 18 4.8 -3.1
GINN Goldman Sachs Innovate Equity ETF 0.7 52 13 2.6 -5.3
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.7 61 4 -1.9 -9.8
EMIF iShares Emerging Markets Infrastructure ETF 0.7 60 5 8.5 +0.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.6 90 -25 5.8 -2.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.6 46 19 9.4 +1.5
CCNR ALPS CoreCommodity Natural Resources ETF 0.6 39 26 10.6 +2.7
DFNL Davis Select Financial ETF 0.6 63 2 6.4 -1.5
FILL iShares MSCI Global Energy Producers ETF 0.5 39 26 9.8 +1.9
WISE Themes Generative Artificial Intelligence ETF 0.5 35 30 0.4 -7.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.5 29 36 8.6 +0.7
QQQS Invesco NASDAQ Future Gen 200 ETF 0.5 20 45 -9.5 -17.4
VIGI Vanguard International Dividend Appreciation ETF 0.5 15 50 6.2 -1.7
GNR SPDR S&P Global Natural Resources ETF 0.5 40 25 9.8 +1.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.4 65 0 1.8 -6.1
ION ProShares S&P Global Core Battery Metals ETF 0.4 58 7 16.2 +8.3
JPIN J.P. Morgan Diversified Return International Equity ETF 0.4 37 28 8.7 +0.7
VEGI iShares MSCI Agriculture Producers ETF 0.3 39 26 8.9 +1.0
FPAG FPA Global Equity ETF 0.3 49 16 5.3 -2.6
IQRA IQ CBRE Real Assets ETF 0.3 65 0 5.1 -2.8
TRFM AAM Transformers ETF 0.3 49 16 1.6 -6.3
CLNR IQ Cleaner Transport ETF 0.3 45 20 6.6 -1.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.2 45 20 -0.6 -8.5
VPL Vanguard FTSE Pacific ETF 0.2 8 57 7.6 -0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 20 8.7 +0.8
APIE ActivePassive International Equity ETF 0.1 45 20 7.9 -0.0
IGF iShares Global Infrastructure ETF 0.1 41 24 4.3 -3.6
GII SPDR S&P Global Infrastructure ETF 0.1 40 25 4.3 -3.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 41 8.4 +0.5
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 45 6.9 -1.0
SCHF Schwab International Equity ETF 0.1 6 59 7.2 -0.7
IDHQ Invesco S&P International Developed High Quality ETF 0.1 29 36 6.1 -1.8
VEA Vanguard FTSE Developed Markets ETF 0.1 5 60 7.1 -0.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -5 7.4 -0.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 7 9.9 +2.0
KOMP SPDR S&P Kensho New Economies Composite ETF 0.1 20 45 1.0 -6.9
QINT American Century Quality Diversified International ETF 0.1 39 26 7.4 -0.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 44 3.7 -4.3
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 40 9.6 +1.7
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.0 45 20 5.5 -2.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 62 7.0 -0.9

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 1.4 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 7.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.30 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.