JPMorgan Active China ETF
ALTAR
Score™		 16.3% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 8.5x P/Sales
ratio		 1.4x
P/BV
ratio		 1.0x Div.
yield		 1.6%


  • 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) $14
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) $184,962
Large cap (>$10bn) 86.6%
Mid cap ($2-10bn) 13.4%
Small cap (<$2bn) 0.0%
Developed mkts 14.5%
Emerging mkts 85.5%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 11.0 %
ALIBABA GROUP HOLDING LTD. 6.9 %
CHINA MERCHANTS BANK -A 4.1 %
PING AN INSURANCE (GROUP) COMPANY 4.0 %
CONTEMPORARY AMPEREX TECHNOLOGY CO 4.0 %
ZHONGJI INNOLIGHT CO., LTD. CLASS 3.6 %
NETEASE, INC 3.2 %
CHINA CONSTRUCTION BANK-H 3.2 %
KWEICHOW MOUTAI CO LTD-A 2.7 %
JIANGSU HENGRUI MEDICINE CO., LTD. 2.4 %
Total 44.9 %

TOP COUNTRY EXPOSURE
CHINA 95.3 %
HONG KONG 1.3 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-1.3% -0.5% -- -- 5.1%

Market Correlations
versus... Beta R-squared
S&P500 0.83 33%
MSCI EAFE 0.71 35%
MSCI Emg. Mkts. 0.52 48%

Technical Indicators
Recent close $52.36
30d moving avg. $54.24
Annualized volatility 22.6%
Short interest (ETF) 1.9%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.7%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $8,770

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 226 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™: 16.3%


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
(%)
FLCH Franklin FTSE China ETF 37.5 19 46 19.1 +2.9
CXSE WisdomTree China ex-State-Owned Enterprises Fund 37.4 32 33 15.3 -0.9
MCHI iShares MSCI China ETF 36.4 59 6 21.4 +5.2
MCH Matthews China Active ETF 36.3 79 -14 15.3 -1.0
GXC SPDR S & P China ETF 32.3 59 6 19.7 +3.5
BKF iShares MSCI BIC ETF 24.7 69 -4 15.2 -1.0
KTEC KraneShares Hang Seng TECH Index ETF 24.6 69 -4 24.3 +8.0
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 24.0 55 10 6.6 -9.6
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 23.9 65 0 6.5 -9.8
KWEB KraneShares CSI China Internet ETF 23.3 69 -4 28.3 +12.0
FDNI First Trust Dow Jones International Internet ETF 21.1 65 0 27.2 +11.0
TCHI iShares MSCI China Multisector Tech ETF 20.7 59 6 15.3 -0.9
CGRO CoreValues Alpha Greater China Growth ETF 18.3 75 -10 5.8 -10.4
AIA iShares Asia 50 ETF 18.3 50 15 7.5 -8.8
LDEM iShares ESG MSCI EM Leaders ETF 15.4 17 48 12.7 -3.6
CHIQ Global X MSCI China Consumer Discretionary ETF 14.6 65 0 15.9 -0.4
CQQQ Invesco China Technology ETF 14.4 70 -5 17.5 +1.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 14.3 86 -21 14.2 -2.1
MEM Matthews Emerging Markets Equity Active ETF 13.1 79 -14 8.7 -7.6
JADE JPMorgan Active Developing Markets Equity ETF 13.1 65 0 5.9 -10.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 13.0 33 32 6.7 -9.6
MINV Matthews Asia Innovators Active ETF 12.9 79 -14 5.8 -10.5
EMC Global X Emerging Markets Great Consumer ETF 12.6 75 -10 7.1 -9.1
PXH Invesco FTSE RAFI Emerging Markets ETF 12.2 49 16 13.0 -3.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 11.9 39 26 13.2 -3.0
GMF SPDR S&P Emerging Asia Pacific ETF 11.8 49 16 8.5 -7.7
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 11.5 60 5 9.3 -7.0
EMXF iShares ESG Advanced MSCI EM ETF 11.4 16 49 6.5 -9.7
EEMA iShares MSCI Emerging Markets Asia ETF 11.4 49 16 7.4 -8.8
SCHE Schwab Emerging Markets Equity ETF 10.6 11 54 9.4 -6.9
VWO Vanguard FTSE Emerging Markets ETF 10.4 7 58 9.1 -7.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 10.2 70 -5 6.9 -9.4
FLAX Franklin FTSE Asia Ex Japan ETF 9.9 19 46 7.0 -9.2
DEHP Dimensional Emerging Markets High Profitability ETF 9.7 41 24 4.8 -11.5
SPEM SPDR Portfolio Emerging Markets ETF 9.6 7 58 9.4 -6.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 9.3 32 33 7.5 -8.7
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 9.3 75 -10 3.2 -13.0
JHEM John Hancock Multifactor Emerging Markets ETF 9.2 49 16 7.4 -8.8
SOCL Global X Social Media ETF 9.2 65 0 14.0 -2.3
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 9.1 69 -4 7.6 -8.7
EEM iShares MSCI Emerging Markets ETF 9.1 69 -4 7.8 -8.5
FDEM Fidelity Emerging Markets Multifactor ETF 9.0 25 40 10.5 -5.8
BKEM BNY Mellon Emerging Markets Equity ETF 8.9 11 54 24.2 +8.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 8.9 30 35 7.9 -8.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 8.7 36 29 7.6 -8.7
EMGF iShares Emerging Markets Equity Factor ETF 8.7 25 40 8.8 -7.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 8.7 15 50 8.0 -8.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 8.6 66 -1 7.3 -8.9
ESGE iShares ESG Aware MSCI EM ETF 8.5 25 40 8.1 -8.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 8.4 15 50 8.9 -7.4
NUEM Nuveen ESG Emerging Markets Equity ETF 8.3 36 29 5.8 -10.5
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 8.2 88 -23 8.5 -7.8
IEMG iShares Core MSCI Emerging Markets ETF 8.0 9 56 8.1 -8.1
KGRN KraneShares MSCI China Clean Technology Index ETF 8.0 79 -14 4.2 -12.0
LIT Global X Lithium & Battery Tech ETF 7.9 75 -10 5.7 -10.5
ODDS Pacer BlueStar Digital Entertainment ETF 7.8 60 5 4.8 -11.5
FCA First Trust China AlphaDEX Fund 7.6 80 -15 8.6 -7.7
ECON Columbia Emerging Markets Consumer ETF 7.6 49 16 6.5 -9.8
PATN Pacer Nasdaq International Patent Leaders ETF 7.6 65 0 4.1 -12.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 7.6 45 20 8.0 -8.3
BNGE First Trust S-Network Streaming and Gaming ETF 7.6 70 -5 3.1 -13.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 7.4 60 5 6.7 -9.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 7.3 30 35 7.4 -8.9
DFAE Dimensional Emerging Core Equity Market ETF 7.2 35 30 6.9 -9.4
ESPO VanEck Video Gaming and eSports ETF 7.1 56 9 6.4 -9.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 6.9 45 20 9.7 -6.6
ABLG Abacus FCF International Leaders ETF 6.8 59 6 6.7 -9.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 6.8 42 23 4.2 -12.1
FMET Fidelity Metaverse ETF 6.7 39 26 4.3 -11.9
EMMF WisdomTree Emerging Markets Multifactor Fund 6.7 48 17 8.5 -7.8
ROAM Hartford Multifactor Emerging Markets ETF 6.7 44 21 7.5 -8.7
DVYE iShares Emerging Markets Dividend ETF 6.6 49 16 17.4 +1.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 6.6 35 30 9.9 -6.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 6.5 41 24 6.8 -9.5
ARVR First Trust Indxx Metaverse ETF 6.3 70 -5 3.6 -12.7
CNYA iShares MSCI China A ETF 6.3 60 5 6.7 -9.6
BATT Amplify Lithium & Battery Technology ETF 6.1 59 6 2.1 -14.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 6.0 38 27 6.9 -9.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 5.9 50 15 8.0 -8.2
RXI iShares Global Consumer Discretionary ETF 5.8 41 24 8.9 -7.4
AVEM Avantis Emerging Markets Equity ETF 5.8 33 32 7.0 -9.3
DEM WisdomTree Emerging Markets High Dividend Fund 5.7 63 2 9.9 -6.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 5.5 40 25 6.2 -10.1
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 5.4 72 -7 2.7 -13.6
ERTH Invesco MSCI Sustainable Future ETF 5.4 62 3 3.5 -12.8
IXP iShares Global Comm Services ETF 5.4 42 23 5.9 -10.4
DFEV Dimensional Emerging Markets Value ETF 5.2 43 22 9.1 -7.2
OND ProShares On-Demand ETF 5.1 58 7 0.6 -15.7
GSIB Themes Global Systemically Important Banks ETF 5.1 35 30 7.6 -8.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 5.1 59 6 8.5 -7.8
METV Roundhill Ball Metaverse ETF 4.9 59 6 7.3 -8.9
RNEM First Trust Emerging Markets Equity Select ETF 4.8 75 -10 8.0 -8.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 4.6 25 40 5.9 -10.3
MOTI VanEck Morningstar International Moat ETF 4.5 58 7 10.3 -6.0
KURE KraneShares MSCI All China Health Care Index ETF 4.2 65 0 2.6 -13.7
AVSE Avantis Responsible Emerging Markets Equity ETF 4.2 33 32 6.6 -9.7
KSTR KraneShares SSE STAR Market 50 Index ETF 4.1 89 -24 0.7 -15.6
EV Mast Global Battery Recycling & Production ETF 4.0 65 0 6.4 -9.8
IBLC iShares Blockchain and Tech ETF 4.0 47 18 -1.2 -17.5
PCGG Polen Capital Global Growth ETF 3.6 85 -20 3.9 -12.3
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.6 75 -10 1.9 -14.4
EEMO Invesco S&P Emerging Markets Momentum ETF 3.6 29 36 6.4 -9.8
ANEW ProShares MSCI Transformational Changes ETF 3.5 45 20 4.2 -12.0
JIG JPMorgan International Growth ETF 3.5 55 10 3.7 -12.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 3.5 90 -25 3.4 -12.9
MOTG VanEck Morningstar Global Wide Moat ETF 3.4 52 13 8.1 -8.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.3 44 21 9.3 -6.9
OGIG ALPS O'Shares Global Internet Giants ETF 3.3 48 17 2.4 -13.8
AIQ Global X Artificial Intelligence & Technology ETF 3.2 68 -3 2.7 -13.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.2 78 -13 9.4 -6.8
VEU Vanguard FTSE All-World ex-US Index Fund 3.0 4 61 6.7 -9.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 3.0 18 47 6.3 -10.0
ACWX iShares MSCI ACWI ex U.S. ETF 3.0 34 31 6.3 -9.9
GGME Invesco Next Gen Media and Gaming ETF 2.9 60 5 4.4 -11.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.8 41 24 5.9 -10.3
IDRV iShares Self-driving EV & Tech ETF 2.8 47 18 1.6 -14.7
FDRV Fidelity Electric Vehicles and Future Transportation ETF 2.8 39 26 1.2 -15.0
CWI SPDR MSCI ACWI ex-US ETF 2.8 30 35 6.4 -9.9
VXUS Vanguard Total International Stock ETF 2.8 5 60 6.6 -9.7
IXUS iShares Core MSCI Total International Stock ETF 2.6 7 58 6.5 -9.7
AIVC Amplify Bloomberg AI Value Chain ETF 2.6 59 6 3.5 -12.8
ACWV iShares MSCI Global Min Vol Factor ETF 2.4 20 45 5.7 -10.6
OSEA Harbor International Compounders ETF 2.4 55 10 4.5 -11.7
GINN Goldman Sachs Innovate Equity ETF 2.4 52 13 3.7 -12.6
VSGX Vanguard ESG International Stock ETF 2.3 10 55 6.5 -9.7
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.3 67 -2 12.2 -4.0
HUMN Roundhill Humanoid Robotics ETF 2.2 75 -10 1.5 -14.7
PICK iShares MSCI Global Metals & Mining Producers ETF 2.2 39 26 8.1 -8.1
GEW Cambria Global EW ETF 2.1 29 36 5.4 -10.9
SMOG VanEck Low Carbon Energy ETF 2.1 61 4 1.3 -14.9
MOTO SmartETFs Smart Transportation & Technology ETF 2.1 68 -3 5.8 -10.5
DRGN Themes China Generative Artificial Intelligence ETF 2.1 39 26 10.5 -5.7
KOCG FIS Knights of Columbus Global Belief ETF 2.0 75 -10 4.6 -11.7
FBOT Fidelity Disruptive Automation ETF 2.0 50 15 3.0 -13.3
FRGN Horizon International Equity ETF 2.0 75 -10 7.8 -8.5
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.0 70 -5 9.6 -6.6
COPX Global X Copper Miners ETF 2.0 65 0 4.0 -12.2
AUAU Global X Gold Miners ETF 2.0 35 30 2.4 -13.9
FTRI First Trust Indxx Global Natural Resources Income ETF 2.0 70 -5 6.3 -9.9
AGMI Themes Silver Miners ETF 2.0 35 30 3.7 -12.6
DINT Davis Select International ETF 1.9 55 10 6.3 -10.0
CHAT Roundhill Generative AI & Technology ETF 1.9 75 -10 4.3 -12.0
IQDF FlexShares International Quality Dividend Index Fund 1.9 47 18 7.4 -8.8
EYLD Cambria Emerging Shareholder Yield ETF 1.8 66 -1 8.7 -7.6
MDEV First Trust Indxx Medical Devices ETF 1.8 70 -5 4.8 -11.5
CGXU Capital Group International Focus Equity ETF 1.8 54 11 3.8 -12.5
FEM First Trust Emerging Markets AlphaDEX Fund 1.7 80 -15 8.7 -7.6
BUYZ Franklin Disruptive Commerce ETF 1.7 50 15 2.6 -13.7
SCHY Schwab International Dividend Equity ETF 1.7 14 51 8.5 -7.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.6 30 35 6.3 -10.0
DSTX Distillate International Fundamental Stability & Value ETF 1.6 55 10 6.5 -9.8
BOTZ Global X Robotics & Artificial Intelligence ETF 1.6 69 -4 2.1 -14.1
ION ProShares S&P Global Core Battery Metals ETF 1.6 58 7 6.7 -9.6
DWLD Davis Select Worldwide ETF 1.6 63 2 7.1 -9.1
JIVE JPMorgan International Value ETF 1.5 55 10 7.9 -8.3
VYMI Vanguard International High Dividend Yield ETF 1.5 17 48 7.8 -8.5
FDCF Fidelity Disruptive Communications ETF 1.5 50 15 1.8 -14.4
UMMA Wahed Dow Jones Islamic World ETF 1.5 65 0 3.6 -12.6
XT iShares Exponential Technologies ETF 1.5 46 19 3.9 -12.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.4 65 0 7.2 -9.0
BWEB Bitwise Web3 ETF 1.4 85 -20 -0.1 -16.3
DRIV Global X Autonomous & Electric Vehicles ETF 1.4 68 -3 3.5 -12.7
KLMT Invesco MSCI Global Climate 500 ETF 1.4 10 55 4.9 -11.3
IBUY Amplify Online Retail ETF 1.3 65 0 2.4 -13.9
IXG iShares Global Financials ETF 1.3 42 23 5.9 -10.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.3 47 18 7.2 -9.1
ISHP First Trust Nasdaq Retail ETF 1.3 60 5 5.6 -10.7
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.2 60 5 10.8 -5.4
ECNS iShares MSCI China Small-Cap ETF 1.2 59 6 10.3 -6.0
VCLN Virtus Duff & Phelps Clean Energy ETF 1.2 59 6 2.8 -13.5
POW VistaShares Electrification Supercycle ETF 1.2 75 -10 2.5 -13.8
DGT State Street SPDR Global Dow ETF 1.1 50 15 5.6 -10.6
FEOE First Eagle Overseas Equity ETF 1.1 79 -14 6.1 -10.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.1 29 36 8.8 -7.5
PGJ Invesco Golden Dragon China ETF 1.1 70 -5 17.4 +1.2
BPAY BlackRock Future Financial and Technology ETF 1.1 70 -5 5.3 -11.0
ACWI iShares MSCI ACWI ETF 1.1 32 33 4.6 -11.6
ROBO ROBO Global Robotics & Automation Index ETF 1.1 95 -30 2.5 -13.7
AIS VistaShares Artificial Intelligence Supercycle ETF 1.0 75 -10 1.0 -15.3
VT Vanguard Total World Stock ETF 1.0 6 59 5.0 -11.3
IGRO iShares International Dividend Growth ETF 1.0 15 50 6.7 -9.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.0 20 45 4.7 -11.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.0 12 53 4.5 -11.8
CARZ First Trust NASDAQ Global Auto Index Fund 1.0 70 -5 2.4 -13.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.0 9 56 4.8 -11.4
AVES Avantis Emerging Markets Value ETF 0.9 36 29 9.0 -7.2
MXI iShares Global Materials ETF 0.8 41 24 6.0 -10.3
CLNR IQ Cleaner Transport ETF 0.8 45 20 4.0 -12.3
GNR SPDR S&P Global Natural Resources ETF 0.8 40 25 8.0 -8.3
IOO iShares Global 100 ETF 0.8 41 24 3.8 -12.4
PBD Invesco Global Clean Energy ETF 0.8 75 -10 0.4 -15.9
NXTG First Trust Indxx NextG ETF 0.8 70 -5 3.4 -12.8
FEGE First Eagle Global Equity ETF 0.8 79 -14 6.0 -10.3
GLOF iShares Global Equity Factor ETF 0.8 20 45 5.5 -10.8
IXC iShares Global Energy ETF 0.7 44 21 6.8 -9.4
WRND IQ Global Equity R&D Leaders ETF 0.7 18 47 4.1 -12.2
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 0.7 65 0 4.7 -11.6
ETEC iShares Breakthrough Environmental Solutions ETF 0.7 47 18 3.4 -12.8
SDG iShares MSCI Global Sustainable Development Goals ETF 0.7 49 16 4.6 -11.6
SDIV Global X Superdividend ETF 0.7 58 7 14.1 -2.2
OBOR KraneShares MSCI One Belt One Road Index ETF 0.7 79 -14 7.1 -9.2
CGIE Capital Group International Equity ETF 0.7 54 11 4.6 -11.7
ICPY Tweedy, Browne International Insider Value ETF 0.7 80 -15 20.5 +4.2
JSTC Adasina Social Justice All Cap Global ETF 0.6 89 -24 4.4 -11.9
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.6 80 -15 7.3 -8.9
CGDG Capital Group Dividend Growers ETF 0.5 47 18 5.2 -11.0
DEW WisdomTree Global High Dividend Fund 0.5 58 7 7.1 -9.2
HAP VanEck Natural Resources ETF 0.5 50 15 6.4 -9.9
COPY Tweedy, Browne Insider + Value ETF 0.4 80 -15 14.4 -1.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.4 65 0 1.3 -14.9
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.4 46 19 7.5 -8.7
KNCT Invesco Next Gen Connectivity ETF 0.4 40 25 2.9 -13.3
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 26 8.1 -8.2
AQLT iShares MSCI Global Quality Factor ETF 0.4 18 47 0.0 -16.3
VIGI Vanguard International Dividend Appreciation ETF 0.3 10 55 6.0 -10.3
IXN iShares Global Tech ETF 0.2 41 24 2.6 -13.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.2 80 -15 6.7 -9.5
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.2 42 23 7.7 -8.6
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 -5 6.5 -9.8
IPAV Global X Infrastructure Development ex-U.S. ETF 0.2 55 10 6.1 -10.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.2 58 7 3.7 -12.5
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.0 20 45 0.8 -15.4
ISCF iShares International SmallCap Equity Factor ETF 0.0 23 42 7.2 -9.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 44 3.0 -13.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 23 4.0 -12.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 57 6.3 -10.0

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
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:

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 15.2 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 16.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.41 CATEGORY
AVERAGE		 1.53
 
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.