KraneShares MSCI All China Index ETF
ALTAR
Score™		 14.9% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 7.1x P/Sales
ratio		 0.9x
P/BV
ratio		 0.7x Div.
yield		 2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
KALL seeks to provide investment results that, before fees and expenses, track the price performance of the MSCI China All Shares Index. The index seeks to track the equity market performance of companies based in China and listed in mainland China, Hong Kong, and the United States.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Krane Fund Advisors LLC
Website www.kraneshares.com
Inception date Feb 12, 2015
Assets (mns) $10
Currency USD
Expense ratio 49 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Brown Brothers Harriman & Co
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 203
Wgt avg mkt cap (mns) $126,307
Large cap (>$10bn) 88.7%
Mid cap ($2-10bn) 11.3%
Small cap (<$2bn) 0.0%
Developed mkts 15.5%
Emerging mkts 84.5%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 10.6 %
ALIBABA GROUP HOLDING LTD. 7.3 %
MEITUAN DIANPING 3.2 %
XIAOMI CORP. CLASS B 3.2 %
CHINA CONSTRUCTION BANK-H 2.2 %
KWEICHOW MOUTAI CO LTD-A 2.0 %
PINDUODUO, INC. SPONSORED ADR CLAS 1.9 %
JD.COM, INC. CLASS A 1.6 %
BYD CO LTD-H 1.5 %
CONTEMPORARY AMPEREX TECHNOLOGY CO 1.3 %
Total 34.8 %

TOP COUNTRY EXPOSURE
CHINA 93.6 %
HONG KONG 5.3 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
8.5% 19.8% -3.4% 1.1% 0.9%

Market Correlations
versus... Beta R-squared
S&P500 0.57 9%
MSCI EAFE 1.05 33%
MSCI Emg. Mkts. 1.51 73%

Technical Indicators
Recent close $22.28
30d moving avg. $21.56
Annualized volatility 30.3%
Short interest (ETF) 0.1%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $25,946

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 326 potential alternatives to the KraneShares MSCI All China Index ETF ETF based on the alternatives' overlap in portfolio holdings with KALL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: KALL Expense: 49 bp ALTAR Score™: 14.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH KALL
Ticker Fund
Name		 Overlap1
vs KALL
(%)		 Expense
ratio
(bp)		 Savings
vs KALL
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs KALL
(%)
FLCH Franklin FTSE China ETF 62.3 19 30 16.0 +1.1
MCHI iShares MSCI China ETF 59.6 59 -10 17.7 +2.8
GXC SPDR S&P China ETF 56.2 59 -10 15.4 +0.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 46.7 32 17 16.1 +1.2
FXI iShares China Large-Cap ETF 45.7 74 -25 18.7 +3.8
BKF iShares MSCI BIC ETF 44.6 69 -20 13.8 -1.1
MCH Matthews China Active ETF 42.7 79 -30 14.3 -0.6
JCHI JPMorgan Active China ETF 42.6 65 -16 15.5 +0.5
AIA iShares Asia 50 ETF 37.9 50 -1 12.9 -2.0
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 33.6 65 -16 6.9 -8.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 33.4 20 29 10.9 -4.0
KWEB KraneShares CSI China Internet ETF 31.8 69 -20 25.1 +10.2
ECON Columbia Emerging Markets Consumer ETF 31.0 49 0 12.6 -2.3
KTEC KraneShares Hang Seng TECH Index ETF 30.5 69 -20 19.3 +4.4
PXH Invesco FTSE RAFI Emerging Markets ETF 29.9 49 0 15.9 +1.0
EEMO Invesco S&P Emerging Markets Momentum ETF 29.0 29 20 6.6 -8.3
FLAX Franklin FTSE Asia Ex Japan ETF 28.8 19 30 9.4 -5.5
EEMA iShares MSCI Emerging Markets Asia ETF 28.7 49 0 10.4 -4.5
FDNI First Trust Dow Jones International Internet ETF 28.1 65 -16 21.3 +6.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 27.8 86 -37 13.6 -1.3
TCHI iShares MSCI China Multisector Tech ETF 26.8 59 -10 16.6 +1.7
GMF SPDR S&P Emerging Asia Pacific ETF 26.7 49 0 9.6 -5.3
LDEM iShares ESG MSCI EM Leaders ETF 26.6 17 32 14.1 -0.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 26.1 70 -21 9.5 -5.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 25.9 66 -17 9.7 -5.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 25.9 15 34 8.1 -6.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 24.8 45 4 10.5 -4.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 24.7 15 34 10.4 -4.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 24.5 39 10 16.5 +1.6
JHEM John Hancock Multifactor Emerging Markets ETF 24.5 49 0 10.3 -4.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 24.1 36 13 10.0 -4.9
CHIQ Global X MSCI China Consumer Discretionary ETF 23.9 65 -16 16.2 +1.3
BKEM BNY Mellon Emerging Markets Equity ETF 23.9 11 38 10.2 -4.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 23.5 33 16 10.2 -4.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 23.3 30 19 10.6 -4.3
ESGE iShares ESG Aware MSCI EM ETF 23.0 25 24 10.4 -4.6
NUEM Nuveen ESG Emerging Markets Equity ETF 22.8 36 13 8.0 -6.9
EEM iShares MSCI Emerging Markets ETF 22.7 69 -20 10.5 -4.4
VWO Vanguard FTSE Emerging Markets ETF 22.6 7 42 10.3 -4.6
SCHE Schwab Emerging Markets Equity ETF 22.3 11 38 11.1 -3.8
MINV Matthews Asia Innovators Active ETF 21.8 79 -30 7.4 -7.5
SPEM SPDR Portfolio Emerging Markets ETF 21.2 7 42 10.7 -4.3
MEM Matthews Emerging Markets Equity Active ETF 21.2 79 -30 8.1 -6.9
CGRO CoreValues Alpha Greater China Growth ETF 20.5 75 -26 4.5 -10.4
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 20.3 60 -11 11.1 -3.8
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 20.2 55 -6 7.1 -7.8
EMC Global X Emerging Markets Great Consumer ETF 20.2 75 -26 11.0 -3.9
FDEM Fidelity Emerging Markets Multifactor ETF 19.9 25 24 13.0 -1.9
IEMG iShares Core MSCI Emerging Markets ETF 19.4 9 40 10.6 -4.3
DFAE Dimensional Emerging Core Equity Market ETF 19.3 35 14 9.4 -5.5
EMXF iShares ESG Advanced MSCI EM ETF 18.9 16 33 8.6 -6.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 18.8 35 14 18.6 +3.7
CQQQ Invesco China Technology ETF 18.5 70 -21 12.2 -2.7
EMGF iShares Emerging Markets Equity Factor ETF 18.4 25 24 11.9 -3.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 18.4 32 17 9.3 -5.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 18.3 30 19 9.2 -5.7
DEHP Dimensional Emerging Markets High Profitability ETF 18.0 41 8 6.8 -8.2
AVEM Avantis Emerging Markets Equity ETF 17.9 33 16 8.8 -6.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 17.8 41 8 8.7 -6.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 17.6 50 -1 11.1 -3.9
DFEV Dimensional Emerging Markets Value ETF 17.2 43 6 13.4 -1.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 16.8 38 11 9.3 -5.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 16.2 59 -10 9.0 -6.0
RAYC Rayliant Quantamental China Equity ETF 15.8 80 -31 7.4 -7.5
ROAM Hartford Multifactor Emerging Markets ETF 15.2 44 5 12.2 -2.7
AVSE Avantis Responsible Emerging Markets Equity ETF 14.9 33 16 8.6 -6.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 14.9 45 4 10.7 -4.2
CNYA iShares MSCI China A ETF 14.7 60 -11 6.3 -8.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 14.0 40 9 7.2 -7.8
DEM WisdomTree Emerging Markets High Dividend Fund 13.0 63 -14 13.3 -1.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 11.7 25 24 6.6 -8.3
PATN Pacer Nasdaq International Patent Leaders ETF 11.1 65 -16 6.2 -8.7
FEM First Trust Emerging Markets AlphaDEX Fund 11.0 80 -31 11.2 -3.7
SOCL Global X Social Media ETF 10.1 65 -16 8.9 -6.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 9.9 95 -46 11.8 -3.1
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 9.6 75 -26 4.7 -10.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 9.1 60 -11 8.1 -6.8
DVYE iShares Emerging Markets Dividend ETF 8.8 49 0 18.5 +3.6
RNEM First Trust Emerging Markets Equity Select ETF 8.7 75 -26 7.7 -7.3
ODDS Pacer BlueStar Digital Entertainment ETF 8.4 60 -11 2.1 -12.8
WRND IQ Global Equity R&D Leaders ETF 8.4 18 31 8.2 -6.7
MOTI VanEck Morningstar International Moat ETF 7.9 58 -9 12.0 -2.9
CHAT Roundhill Generative AI & Technology ETF 7.7 75 -26 9.4 -5.5
RXI iShares Global Consumer Discretionary ETF 7.7 41 8 9.3 -5.7
ANEW ProShares MSCI Transformational Changes ETF 7.4 45 4 6.1 -8.8
ARVR First Trust Indxx Metaverse ETF 7.4 70 -21 4.0 -10.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 7.4 44 5 10.7 -4.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 7.3 41 8 7.5 -7.5
AVES Avantis Emerging Markets Value ETF 7.2 36 13 11.1 -3.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 7.2 18 31 7.9 -7.1
BNGE First Trust S-Network Streaming and Gaming ETF 7.1 70 -21 2.6 -12.3
ESPO VanEck Video Gaming and eSports ETF 7.0 56 -7 3.9 -11.0
ACWX iShares MSCI ACWI ex U.S. ETF 6.9 34 15 7.8 -7.2
OBOR KraneShares MSCI One Belt One Road Index ETF 6.8 79 -30 9.0 -5.9
VEU Vanguard FTSE All-World ex-US Index Fund 6.8 4 45 8.1 -6.8
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.8 78 -29 9.4 -5.5
CWI SPDR MSCI ACWI ex-US ETF 6.7 30 19 7.7 -7.2
IXP iShares Global Comm Services ETF 6.5 42 7 5.6 -9.3
KGRN KraneShares MSCI China Clean Technology Index ETF 6.4 79 -30 0.4 -14.6
FCA First Trust China AlphaDEX Fund 6.2 80 -31 8.3 -6.6
VXUS Vanguard Total International Stock ETF 6.1 5 44 7.9 -7.0
MOTG VanEck Morningstar Global Wide Moat ETF 6.0 52 -3 7.7 -7.2
IXUS iShares Core MSCI Total International Stock ETF 5.9 7 42 7.9 -7.0
VSGX Vanguard ESG International Stock ETF 5.9 10 39 7.7 -7.2
FMET Fidelity Metaverse ETF 5.9 39 10 4.7 -10.2
RODE Hartford Multifactor Diversified International ETF 5.8 29 20 11.4 -3.5
ISHP First Trust Nasdaq Retail ETF 5.7 60 -11 5.4 -9.5
OGIG ALPS O'Shares Global Internet Giants ETF 5.6 48 1 1.6 -13.3
GGME Invesco Next Gen Media and Gaming ETF 5.4 60 -11 4.2 -10.7
JIG JPMorgan International Growth ETF 5.4 55 -6 4.8 -10.1
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 5.1 90 -41 7.0 -7.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 5.0 65 -16 8.1 -6.9
DSTX Distillate International Fundamental Stability & Value ETF 5.0 55 -6 7.9 -7.0
DINT Davis Select International ETF 5.0 55 -6 8.1 -6.8
DWLD Davis Select Worldwide ETF 5.0 63 -14 7.2 -7.8
IVRS iShares Future Metaverse Tech and Communications ETF 4.9 47 2 2.5 -12.5
VYMI Vanguard International High Dividend Yield ETF 4.8 17 32 9.5 -5.4
SDEM Global X MSCI SuperDividend Emerging Markets ETF 4.8 67 -18 13.6 -1.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 4.7 30 19 7.9 -7.0
OND ProShares On-Demand ETF 4.6 58 -9 0.7 -14.2
METV Roundhill Ball Metaverse ETF 4.6 59 -10 7.8 -7.1
GSIB Themes Global Systemically Important Banks ETF 4.6 35 14 9.2 -5.7
ACWV iShares MSCI Global Min Vol Factor ETF 4.5 20 29 6.2 -8.7
TTAI FCF International Quality ETF 4.4 59 -10 7.2 -7.7
GTEK Goldman Sachs Future Tech Leaders Equity ETF 4.3 75 -26 3.1 -11.8
IVES Wedbush ETFMG Global Cloud Technology ETF 4.2 68 -19 7.3 -7.6
IBUY Amplify Online Retail ETF 4.1 65 -16 0.9 -14.1
IQDF FlexShares International Quality Dividend Index Fund 4.0 47 2 8.9 -6.0
UMMA Wahed Dow Jones Islamic World ETF 4.0 65 -16 5.4 -9.5
AIQ Global X Artificial Intelligence & Technology ETF 4.0 68 -19 3.8 -11.1
KURE KraneShares MSCI All China Health Care Index ETF 3.8 65 -16 2.6 -12.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 3.8 72 -23 -0.9 -15.9
WUGI AXS Esoterica NextG Economy ETF 3.8 75 -26 2.3 -12.6
IBLC iShares Blockchain and Tech ETF 3.8 47 2 -3.1 -18.0
FDCF Fidelity Disruptive Communications ETF 3.7 50 -1 2.8 -12.1
EYLD Cambria Emerging Shareholder Yield ETF 3.6 66 -17 12.3 -2.6
PGJ Invesco Golden Dragon China ETF 3.4 70 -21 12.5 -2.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.3 70 -21 13.1 -1.8
FID First Trust S&P International Dividend Aristocrats ETF 3.2 60 -11 7.9 -7.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 3.2 47 2 8.4 -6.5
LIT Global X Lithium & Battery Tech ETF 3.1 75 -26 4.8 -10.1
XT iShares Exponential Technologies ETF 3.1 46 3 4.9 -10.0
WDIV SPDR S&P Global Dividend ETF 3.0 40 9 9.2 -5.7
BATT Amplify Lithium & Battery Technology ETF 2.8 59 -10 3.6 -11.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 2.8 80 -31 9.1 -5.8
IGRO iShares International Dividend Growth ETF 2.8 15 34 7.3 -7.7
CLNR IQ Cleaner Transport ETF 2.8 45 4 6.6 -8.3
DGT SPDR Global Dow ETF 2.7 50 -1 7.0 -7.9
EV Mast Global Battery Recycling & Production ETF 2.7 65 -16 10.5 -4.5
CGXU Capital Group International Focus Equity ETF 2.7 54 -5 5.6 -9.3
BUYZ Franklin Disruptive Commerce ETF 2.6 50 -1 2.2 -12.7
SDG iShares MSCI Global Sustainable Development Goals ETF 2.6 49 0 5.8 -9.1
ABLG Abacus FCF International Leaders ETF 2.5 59 -10 6.9 -8.0
DRIV Global X Autonomous & Electric Vehicles ETF 2.5 68 -19 5.0 -9.9
AIVC Amplify Bloomberg AI Value Chain ETF 2.5 59 -10 5.5 -9.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.5 20 29 5.6 -9.3
EBIZ Global X E-Commerce ETF 2.5 50 -1 3.8 -11.1
KLMT Invesco MSCI Global Climate 500 ETF 2.4 10 39 5.7 -9.2
ACWI iShares MSCI ACWI ETF 2.4 32 17 5.5 -9.4
ERTH Invesco MSCI Sustainable Future ETF 2.4 62 -13 3.7 -11.2
IXG iShares Global Financials ETF 2.3 42 7 6.5 -8.4
GSFP Goldman Sachs Future Planet Equity ETF 2.3 75 -26 4.8 -10.1
FDRV Fidelity Electric Vehicles and Future Transportation ETF 2.3 39 10 -0.9 -15.8
IPKW Invesco International BuyBack Achievers ETF 2.3 55 -6 12.5 -2.4
VT Vanguard Total World Stock ETF 2.3 6 43 5.9 -9.1
JSTC Adasina Social Justice All Cap Global ETF 2.3 89 -40 4.8 -10.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.2 9 40 5.7 -9.2
GINN Goldman Sachs Innovate Equity ETF 2.2 52 -3 3.7 -11.2
TEMP JPMorgan Climate Change Solutions ETF 2.2 49 0 5.8 -9.2
KOCG FIS Knights of Columbus Global Belief ETF 2.2 75 -26 5.2 -9.7
EMIF iShares Emerging Markets Infrastructure ETF 2.1 60 -11 5.0 -9.9
MOTO SmartETFs Smart Transportation & Technology ETF 2.1 68 -19 7.2 -7.7
DEW WisdomTree Global High Dividend Fund 2.1 58 -9 8.4 -6.5
IDRV iShares Self-driving EV & Tech ETF 2.0 47 2 1.8 -13.1
NXTG First Trust Indxx NextG ETF 2.0 70 -21 5.3 -9.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.9 12 37 5.2 -9.8
ONLN ProShares Online Retail ETF 1.9 58 -9 2.0 -13.0
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 1.9 57 -8 3.8 -11.1
XNTK SPDR NYSE Technology ETF 1.9 35 14 3.7 -11.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.9 46 3 9.9 -5.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.9 29 20 9.2 -5.7
GLOF iShares Global Equity Factor ETF 1.8 20 29 6.5 -8.5
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.8 20 29 4.4 -10.5
FDTX Fidelity Disruptive Technology ETF 1.8 50 -1 2.7 -12.2
FEOE First Eagle Overseas Equity ETF 1.7 79 -30 8.0 -6.9
SMOG VanEck Low Carbon Energy ETF 1.6 61 -12 1.8 -13.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.6 80 -31 9.6 -5.3
FBOT Fidelity Disruptive Automation ETF 1.5 50 -1 3.6 -11.3
ION ProShares S&P Global Core Battery Metals ETF 1.5 58 -9 9.7 -5.2
BLLD JPMorgan Sustainable Infrastructure ETF 1.5 49 0 6.1 -8.8
SCHY Schwab International Dividend Equity ETF 1.4 14 35 9.7 -5.2
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.4 61 -12 1.5 -13.5
BWEB Bitwise Web3 ETF 1.4 85 -36 -0.1 -15.0
GVAL Cambria Global Value ETF 1.3 68 -19 10.5 -4.4
IOO iShares Global 100 ETF 1.3 41 8 4.8 -10.2
EMMF WisdomTree Emerging Markets Multifactor Fund 1.3 48 1 7.5 -7.4
KNCT Invesco Next Gen Connectivity ETF 1.3 40 9 4.8 -10.1
CARZ First Trust NASDAQ Global Auto Index Fund 1.3 70 -21 4.8 -10.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.2 35 14 4.2 -10.7
FILL iShares MSCI Global Energy Producers ETF 1.2 39 10 11.6 -3.4
ICLN iShares Global Clean Energy ETF 1.2 41 8 5.2 -9.8
FEGE First Eagle Global Equity ETF 1.1 79 -30 7.0 -7.9
OAIM OneAscent International Equity ETF 1.1 95 -46 5.7 -9.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.1 12 37 8.1 -6.8
SATO Invesco Alerian Galaxy Crypto Economy ETF 1.1 61 -12 -2.0 -17.0
FPXI First Trust International Equity Opportunities ETF 1.1 70 -21 4.2 -10.8
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.1 58 -9 4.2 -10.7
AVEE Avantis Emerging Markets Small Cap Equity ETF 1.1 42 7 9.7 -5.2
CGIE Capital Group International Equity ETF 1.1 54 -5 5.1 -9.8
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.0 10 39 8.0 -6.9
EDIV SPDR S&P Emerging Markets Dividend ETF 1.0 49 0 11.9 -3.1
VEGI iShares MSCI Agriculture Producers ETF 1.0 39 10 8.6 -6.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.9 45 4 4.0 -10.9
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.9 46 3 5.6 -9.3
IGF iShares Global Infrastructure ETF 0.9 41 8 4.7 -10.2
FLHK Franklin FTSE Hong Kong ETF 0.9 9 40 6.7 -8.2
GII SPDR S&P Global Infrastructure ETF 0.9 40 9 4.7 -10.2
FTRI First Trust Indxx Global Natural Resources Income ETF 0.9 70 -21 7.6 -7.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 0.8 60 -11 10.8 -4.1
CCNR ALPS CoreCommodity Natural Resources ETF 0.8 39 10 11.0 -3.9
TRFM AAM Transformers ETF 0.8 49 0 1.3 -13.6
AGMI Themes Silver Miners ETF 0.8 35 14 5.6 -9.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.8 65 -16 12.1 -2.8
DFNL Davis Select Financial ETF 0.8 63 -14 7.4 -7.5
IWTR iShares MSCI Water Management Multisector ETF 0.8 47 2 5.8 -9.1
PICK iShares MSCI Global Metals & Mining Producers ETF 0.7 39 10 12.7 -2.2
IQRA IQ CBRE Real Assets ETF 0.7 65 -16 5.7 -9.2
APIE ActivePassive International Equity ETF 0.7 45 4 7.6 -7.4
INTF iShares International Equity Factor ETF 0.7 15 34 7.6 -7.3
VIDI Vident International Equity Strategy ETF 0.7 61 -12 10.9 -4.0
CZA Invesco Zacks Mid-Cap ETF 0.6 72 -23 6.5 -8.4
EATZ AdvisorShares Restaurant ETF 0.6 101 -52 7.1 -7.8
JOET Virtus Terranova US Quality Momentum ETF 0.6 29 20 4.7 -10.3
TMFG Motley Fool Global Opportunities ETF 0.6 85 -36 3.9 -11.1
VAMO Cambria Value & Momentum ETF 0.6 61 -12 5.8 -9.1
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.6 15 34 6.0 -9.0
LYLD Cambria Large Cap Shareholder Yield ETF 0.6 59 -10 9.4 -5.5
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 0.6 65 -16 4.6 -10.4
FDLS Inspire Fidelis Multi Factor ETF 0.6 76 -27 5.1 -9.8
PBD Invesco Global Clean Energy ETF 0.6 75 -26 -0.3 -15.2
GCOW Pacer Global Cash Cows Dividend ETF 0.6 60 -11 10.9 -4.1
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 0.6 19 30 5.8 -9.1
HERO Global X Video Games & Esports ETF 0.6 50 -1 3.8 -11.1
IXN iShares Global Tech ETF 0.6 41 8 3.6 -11.3
VIGI Vanguard International Dividend Appreciation ETF 0.6 10 39 6.3 -8.6
CGV Conductor Global Equity Value ETF 0.6 130 -81 8.3 -6.7
WWJD Inspire International ETF 0.6 80 -31 7.3 -7.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.6 4 45 6.1 -8.8
PTEC Global X PropTech ETF 0.6 50 -1 1.7 -13.2
DTAN Sparkline International Intangible Value ETF 0.6 55 -6 8.5 -6.4
IXC iShares Global Energy ETF 0.5 44 5 10.0 -4.9
CGDG Capital Group Dividend Growers ETF 0.5 47 2 6.3 -8.7
ETEC iShares Breakthrough Environmental Solutions ETF 0.5 47 2 3.3 -11.6
FFLC Fidelity Fundamental Large Cap Core ETF 0.5 38 11 4.5 -10.4
DMAT Global X Disruptive Materials ETF 0.5 59 -10 7.8 -7.1
IDOG ALPS International Sector Dividend Dogs ETF 0.5 50 -1 12.1 -2.8
OZEM Roundhill GLP-1 & Weight Loss ETF 0.5 59 -10 0.5 -14.4
THNR Amplify Weight Loss Drug & Treatment ETF 0.5 59 -10 6.8 -8.1
JPIN J.P. Morgan Diversified Return International Equity ETF 0.5 37 12 8.3 -6.6
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.5 65 -16 2.1 -12.9
IPAV Global X Infrastructure Development ex-U.S. ETF 0.5 55 -6 7.7 -7.2
KOMP SPDR S&P Kensho New Economies Composite ETF 0.4 20 29 2.5 -12.4
QQQ Invesco QQQ Trust Series I 0.4 20 29 4.1 -10.9
QQQM Invesco NASDAQ 100 ETF 0.4 15 34 4.1 -10.8
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.4 49 0 3.8 -11.2
FBCG Fidelity Blue Chip Growth ETF 0.4 59 -10 2.8 -12.1
CVY Invesco Zacks Multi-Asset Income ETF 0.4 106 -57 12.2 -2.7
LIMI Themes Lithium & Battery Metal Miners ETF 0.4 35 14 7.1 -7.9
IGPT Invesco AI and Next Gen Software ETF 0.4 60 -11 4.3 -10.7
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.4 85 -36 8.7 -6.2
RAYS Global X Solar ETF 0.4 51 -2 6.5 -8.4
MOO VanEck Agribusiness ETF 0.4 53 -4 10.3 -4.6
ZSB USCF Sustainable Battery Metals Strategy Fund 0.4 61 -12 8.4 -6.6
JGLO JPMorgan Global Select Equity ETF 0.4 33 16 4.9 -10.0
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 28 3.7 -11.2
AIS VistaShares Artificial Intelligence Supercycle ETF 0.3 75 -26 3.0 -11.9
SPYA Twin Oak Endure ETF 0.3 80 -31 -2.1 -17.0
COPX Global X Copper Miners ETF 0.3 65 -16 7.6 -7.3
GDX VanEck Gold Miners ETF 0.3 51 -2 3.6 -11.3
GNR SPDR S&P Global Natural Resources ETF 0.3 40 9 11.0 -3.9
RING iShares MSCI Global Gold Miners ETF 0.3 39 10 4.7 -10.2
SHPP Pacer Industrials and Logistics ETF 0.3 60 -11 8.6 -6.3
IQSI IQ Candriam International Equity ETF 0.3 15 34 6.6 -8.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.3 58 -9 4.7 -10.2
BLES Inspire Global Hope ETF 0.3 61 -12 6.8 -8.1
FYLD Cambria Foreign Shareholder Yield ETF 0.3 59 -10 11.6 -3.3
GNOM Global X Genomics & Biotechnology ETF 0.3 50 -1 -3.0 -17.9
BINV Brandes International ETF 0.3 70 -21 9.4 -5.5
AADR AdvisorShares Dorsey Wright ADR ETF 0.3 110 -61 4.9 -10.0
QQMG Invesco ESG NASDAQ 100 ETF 0.2 20 29 4.1 -10.8
BOUT Innovator IBD Breakout Opportunities ETF 0.2 81 -32 2.7 -12.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.2 47 2 5.8 -9.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 10 5.8 -9.2
UIVM VictoryShares International Value Momentum ETF 0.2 35 14 8.9 -6.0
HEAL Global X HealthTech ETF 0.2 50 -1 -0.7 -15.7
FDHT Fidelity Digital Health ETF 0.2 39 10 0.9 -14.1
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 29 6.9 -8.0
PNQI Invesco NASDAQ Internet ETF 0.2 60 -11 3.3 -11.6
BKIE BNY Mellon International Equity ETF 0.2 4 45 7.0 -7.9
VPL Vanguard FTSE Pacific ETF 0.2 7 42 6.8 -8.1
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 29 7.1 -7.9
AQWA Global X Clean Water ETF 0.1 50 -1 4.8 -10.1
DTEC ALPS Disruptive Technologies ETF 0.1 50 -1 3.9 -11.0
EBLU Ecofin Global Water ESG Fund 0.1 40 9 4.2 -10.8
FAN First Trust Global Wind Energy ETF 0.1 60 -11 4.5 -10.4
FRNW Fidelity Clean Energy ETF 0.1 39 10 3.3 -11.6
RNRG Global X Renewable Energy Producers ETF 0.1 66 -17 5.5 -9.4
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.1 79 -30 4.9 -10.0
VCLN Virtus Duff & Phelps Clean Energy ETF 0.1 59 -10 5.0 -9.9
WNDY Global X Wind Energy ETF 0.1 50 -1 5.6 -9.4
FCLD Fidelity Cloud Computing ETF 0.1 39 10 3.2 -11.7
AWAY ETFMG Travel Tech ETF 0.1 76 -27 -0.9 -15.8
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.1 80 -31 13.8 -1.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 25 7.4 -7.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 4 8.8 -6.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 -9 9.8 -5.2
SCHF Schwab International Equity ETF 0.1 6 43 7.3 -7.6
VEA Vanguard FTSE Developed Markets ETF 0.1 3 46 7.2 -7.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 0 6.8 -8.1
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 38 4.9 -10.1
DIVI Franklin International Core Dividend Tilt Index ETF 0.0 9 40 7.9 -7.0
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 24 9.6 -5.3
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 46 7.0 -7.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 10 7.9 -7.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 10 6.7 -8.2
EBI Longview Advantage ETF 0.0 35 14 6.5 -8.4

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:		 KraneShares MSCI All China Index 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 10.6 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 14.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.45 CATEGORY
AVERAGE		 1.51
 
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.