Kraneshares Emerging Markets Consumer Technology Index ETF
ALTAR
Score™
1.7% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
41.6x P/Sales
ratio
1.3x
P/BV
ratio
2.1x Div.
yield
1.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The KraneShares Emerging Markets Consumer Technology ETF tracks a committee-selected, tier-weighted index of emerging-market technology-sector stocks.lf

FUND BASICS
Category Emerging Market Equities
Fund Sponsor KraneShares
Website www.kranseshares.com
Inception date Oct 12, 2017
Assets (mns) $22
Currency USD
Expense ratio 80 bp
Distributions Semi-annual

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 50
Wgt avg mkt cap (mns) $54,182
Large cap (>$10bn) 50.8%
Mid cap ($2-10bn) 40.5%
Small cap (<$2bn) 8.7%
Developed mkts 13.0%
Emerging mkts 87.0%

TOP TEN HOLDINGS
MERCADOLIBRE INC 4.7 %
JD.COM INC-ADR 4.3 %
NHN CORP 4.2 %
NETEASE.COM INC-ADR 3.9 %
TENCENT HOLDINGS LTD 3.5 %
DAUM COMMUNICATIONS CORP 3.4 %
TAL EDUCATION GROUP UNSPONSORED AD 3.4 %
NASPERS LTD-N SHS 3.4 %
B2W CIA GLOBAL DO VAREJO 3.4 %
ALIBABA GROUP HOLDING LTD. SPONSOR 3.3 %
Total 37.6 %

TOP COUNTRY EXPOSURE
CHINA 37.2 %
SOUTH KOREA 22.2 %
BRAZIL 8.6 %
GREECE 4.8 %
ARGENTINA 4.7 %
MALAYSIA 3.7 %
SOUTH AFRICA 3.4 %
POLAND 3.3 %
CYPRUS 3.2 %
THAILAND 2.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.3% 12.6% -- -- -1.5%

Market Correlations
versus... Beta R-squared
S&P500 0.97 67%
MSCI EAFE 1.08 70%
MSCI Emg. Mkts. 0.93 77%

Technical Indicators
Recent close $24.25
30d moving avg. $22.24
Annualized volatility 21.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.8%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $8,669

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Kraneshares Emerging Markets Consumer Technology Index ETF ETF based on the alternatives' overlap in portfolio holdings with KEMQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: KEMQ Expense: 80 bp ALTAR Score™: 1.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH KEMQ
Ticker Fund
Name
Overlap1
vs KEMQ
(%)
Expense
ratio
(bp)
Savings
vs KEMQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs KEMQ
(%)
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 42.4 86 -6 2.3 +0.6
KWEB KraneShares CSI China Internet ETF 31.1 76 4 3.4 +1.7
PGJ Invesco Golden Dragon China ETF 30.5 70 10 3.4 +1.7
TTTN UP Fintech China-U.S. Internet Titans ETF 29.6 59 21 5.0 +3.3
FDNI First Trust Dow Jones International Internet ETF 29.6 65 15 2.8 +1.1
ECON Columbia Emerging Markets Consumer ETF 28.2 59 21 4.9 +3.2
FNI First Trust Chindia ETF 24.6 59 21 3.4 +1.7
CHIC Global X Nasdaq China Technology ETF 20.9 65 15 4.4 +2.7
CHIL Global X MSCI China Large-Cap 50 ETF 20.4 29 51 9.5 +7.8
EBIZ Global X E-Commerce ETF 20.4 50 30 3.0 +1.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 20.1 32 48 7.0 +5.2
SOCL Global X Social Media ETF 19.8 65 15 2.3 +0.6
DINT Davis Select International ETF 18.9 75 5 5.8 +4.1
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 18.2 18 62 6.1 +4.3
CQQQ Invesco China Technology ETF 16.7 70 10 4.3 +2.6
GIGE SoFi Gig Economy ETF 16.5 59 21 -0.6 -2.4
DWLD Davis Select Worldwide ETF 16.5 64 16 6.6 +4.9
CHIQ Global X China Consumer ETF 16.3 65 15 9.2 +7.4
BICK First Trust BICK Index Fund 15.9 64 16 4.4 +2.7
GBUY Goldman Sachs Motif New Age Consumer ETF 15.4 50 30 2.1 +0.4
XBUY Amplify International Online Retail ETF 15.4 69 11 -1.1 -2.8
EMCG WisdomTree Emerging Markets Consumer Growth Fund 15.4 32 48 7.9 +6.2
FLCH Franklin FTSE China ETF 15.1 19 61 9.2 +7.5
MCHI iShares MSCI China ETF 14.9 59 21 9.1 +7.4
KALL KraneShares FTSE Emerging Markets Plus ETF 14.6 49 31 9.2 +7.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 14.5 32 48 6.8 +5.1
GXC SPDR S&P China ETF 14.1 59 21 8.9 +7.2
BLOK Amplify Transformational Data Sharing ETF 13.8 70 10 5.0 +3.3
PNQI Invesco NASDAQ Internet ETF 13.8 62 18 1.2 -0.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 13.5 30 50 8.8 +7.1
BUYZ Franklin Disruptive Commerce ETF 12.8 50 30 -0.1 -1.9
EEMA iShares MSCI Emerging Markets Asia ETF 12.6 50 30 8.4 +6.7
BKF iShares MSCI BRIC ETF 12.6 69 11 8.5 +6.7
EEM iShares MSCI Emerging Markets ETF 12.5 68 12 8.3 +6.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 12.5 65 15 8.4 +6.7
JHEM John Hancock Multifactor Emerging Markets ETF 12.5 55 25 8.8 +7.1
ESPO VanEck Vectors Video Gaming & eSports ETF 12.4 55 25 3.0 +1.2
ISEM Invesco Strategic Emerging Markets ETF 12.3 35 45 10.3 +8.6
GENY Principal Millennials Index ETF 12.3 45 35 4.0 +2.3
CN Xtrackers MSCI All China Equity ETF 12.3 50 30 9.4 +7.6
IEMG iShares Core MSCI Emerging Markets ETF 12.1 14 66 8.7 +7.0
SCHE Schwab Emerging Markets Equity ETF 12.1 13 67 8.7 +6.9
DVEM WisdomTree Emerging Markets Dividend Fund 12.1 32 48 9.1 +7.4
PBEE Invesco PureBeta FTSE Emerging Markets ETF 12.1 14 66 9.5 +7.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 11.9 45 35 8.7 +7.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 11.9 95 -15 10.1 +8.4
SPEM SPDR Portfolio Emerging Markets ETF 11.7 11 69 8.6 +6.9
PIE Invesco DWA Emerging Markets Momentum ETF 11.6 90 -10 5.7 +4.0
VWO Vanguard FTSE Emerging Markets ETF 11.6 10 70 8.8 +7.1
WCHN WisdomTree ICBCCS S&P China 500 Fund 11.5 55 25 9.2 +7.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 11.5 68 12 8.0 +6.2
GMF SPDR S&P Emerging Asia Pacific ETF 11.4 49 31 8.0 +6.3
EEMO Invesco S&P Emerging Markets Momentum ETF 11.4 30 50 7.1 +5.4
FLAX Franklin FTSE Asia Ex Japan ETF 11.4 19 61 8.5 +6.8
ESGE iShares ESG MSCI EM ETF 11.0 25 55 9.7 +8.0
OGIG O'Shares Global Internet Giants ETF 10.7 48 32 0.5 -1.2
AADR WCM/BNY Mellon Focused Growth ADR ETF 10.5 110 -30 3.5 +1.7
NUEM Nuveen ESG Emerging Markets Equity ETF 10.2 45 35 7.8 +6.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 9.8 20 60 7.6 +5.9
AVEM Avantis Emerging Markets Equity ETF 9.6 33 47 9.5 +7.8
HERO Global X Video Games & Esports ETF 9.5 50 30 3.1 +1.3
PEK VanEck Vectors ChinaAMC CSI 300 ETF 9.1 60 20 8.1 +6.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 9.1 40 40 7.9 +6.1
GAMR ETFMG Video Game Tech ETF 9.1 75 5 3.5 +1.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 8.9 59 21 11.1 +9.3
ONLN ProShares Online Retail ETF 8.8 58 22 1.6 -0.1
FLKR Franklin FTSE South Korea ETF 8.8 9 71 9.7 +8.0
EWY iShares MSCI South Korea ETF 8.8 59 21 9.1 +7.3
XNTK SPDR Morgan Stanley Technology ETF 8.6 35 45 4.0 +2.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 8.5 49 31 9.0 +7.3
JOYY Infusive Compounding Global Equities ETF 8.3 50 30 3.9 +2.2
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 8.1 25 55 2.3 +0.6
ARKF ARK Fintech Innovation ETF 8.0 75 5 0.8 -0.9
PLAT WisdomTree Modern Tech Platforms Fund 7.6 45 35 1.3 -0.5
FKO First Trust South Korea AlphadDEX Fund 7.6 80 0 8.9 +7.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 7.5 45 35 10.0 +8.3
EMMF WisdomTree Emerging Markets Multifactor Fund 7.3 48 32 9.9 +8.1
BLCN Reality Shares Nasdaq NextGen Economy ETF 7.2 68 12 4.4 +2.6
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 7.1 16 64 7.1 +5.4
AIQ Global X Future Analytics Tech ETF 7.1 68 12 4.2 +2.4
DUSA Davis Select U.S. Equity ETF 6.9 63 17 5.6 +3.9
IBUY Amplify Online Retail ETF 6.7 65 15 -1.5 -3.3
RNEM Emerging Markets Equity Select ETF 6.3 75 5 10.4 +8.7
PXH Invesco FTSE RAFI Emerging Markets ETF 6.3 50 30 13.7 +12.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 6.2 30 50 9.4 +7.7
IRBO iShares Robotics & Artificial Intelligence ETF 6.1 47 33 2.6 +0.9
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 5.7 60 20 3.5 +1.8
VSGX Vanguard ESG International Stock ETF 5.5 17 63 7.4 +5.7
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 5.4 60 20 4.1 +2.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 5.4 35 45 4.3 +2.6
FDEM Fidelity Targeted Emerging Markets Factor ETF 5.3 45 35 9.7 +8.0
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 5.1 57 23 5.0 +3.3
CWI SPDR MSCI ACWI ex-US ETF 5.1 30 50 7.6 +5.9
AIA iShares Asia 50 ETF 5.0 50 30 8.9 +7.2
ACWX iShares MSCI ACWI ex U.S. ETF 5.0 32 48 7.5 +5.8
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 4.9 80 0 8.1 +6.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.9 40 40 7.4 +5.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 4.9 39 41 13.1 +11.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.8 49 31 8.3 +6.5
IPAY ETFMG Prime Mobile Payments ETF 4.8 75 5 6.3 +4.6

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

  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:
Kraneshares Emerging Markets Consumer Technology Index ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 5.0 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 1.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.36 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.