Kraneshares Emerging Markets Consumer Technology Index ETF
ALTAR
Score™
4.4% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
22.4x P/Sales
ratio
1.2x
P/BV
ratio
2.4x 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 11, 2017
Assets (mns) $147
Currency USD
Expense ratio 60 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 49
Wgt avg mkt cap (mns) $72,067
Large cap (>$10bn) 62.6%
Mid cap ($2-10bn) 26.0%
Small cap (<$2bn) 9.0%
Developed mkts 16.0%
Emerging mkts 84.0%

TOP TEN HOLDINGS
MERCADOLIBRE INC 4.4 %
ALIBABA GROUP HOLDING LTD. 3.8 %
NASPERS LTD-N SHS 3.8 %
TENCENT HOLDINGS LTD 3.8 %
TAL EDUCATION GROUP UNSPONSORED AD 3.7 %
BAIDU INC - SPON ADR 3.7 %
JD.COM INC-ADR 3.6 %
NHN CORP 3.3 %
NETEASE.COM INC-ADR 3.2 %
DAUM COMMUNICATIONS CORP 3.2 %
Total 36.6 %

TOP COUNTRY EXPOSURE
CHINA 40.0 %
SOUTH KOREA 18.4 %
TAIWAN 5.3 %
BRAZIL 5.2 %
GREECE 4.7 %
ARGENTINA 4.4 %
SOUTH AFRICA 3.8 %
CYPRUS 3.3 %
MALAYSIA 3.2 %
POLAND 3.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
17.6% 32.7% -- -- 5.5%

Market Correlations
versus... Beta R-squared
S&P500 0.97 63%
MSCI EAFE 1.13 69%
MSCI Emg. Mkts. 0.95 78%

Technical Indicators
Recent close $29.04
30d moving avg. $28.62
Annualized volatility 22.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 12
Turnover 0.2%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $6,327

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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: 60 bp ALTAR Score™: 4.4%


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 37.8 86 -26 2.1 -2.3
KWEB KraneShares CSI China Internet ETF 30.0 76 -16 2.0 -2.4
PGJ Invesco Golden Dragon China ETF 30.0 70 -10 3.4 -1.0
TTTN UP Fintech China-U.S. Internet Titans ETF 26.6 59 1 4.2 -0.2
ECON Columbia Emerging Markets Consumer ETF 24.6 59 1 4.9 +0.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 24.6 32 28 11.3 +6.9
FDNI First Trust Dow Jones International Internet ETF 24.2 65 -5 2.0 -2.4
FNI First Trust Chindia ETF 21.3 60 0 2.5 -2.0
SOCL Global X Social Media ETF 21.1 65 -5 1.6 -2.8
CHIL Global X MSCI China Large-Cap 50 ETF 17.5 29 31 7.5 +3.1
EBIZ Global X E-Commerce ETF 16.4 50 10 2.4 -2.0
CHIC Global X Nasdaq China Technology ETF 15.9 66 -6 4.2 -0.3
EEMO Invesco S&P Emerging Markets Momentum ETF 15.8 29 31 4.0 -0.4
CHIQ Global X China Consumer ETF 15.3 65 -5 6.7 +2.3
GIGE SoFi Gig Economy ETF 15.0 59 1 -0.8 -5.2
BKEM BNY Mellon Emerging Markets Equity ETF 14.6 11 49 8.2 +3.8
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 14.4 18 42 4.8 +0.4
ESPO VanEck Vectors Video Gaming & eSports ETF 13.7 55 5 2.7 -1.7
BICK First Trust BICK Index Fund 13.6 64 -4 4.6 +0.2
GBUY Goldman Sachs Motif New Age Consumer ETF 13.2 50 10 1.7 -2.7
XBUY Amplify International Online Retail ETF 13.1 69 -9 -0.5 -4.9
CQQQ Invesco China Technology ETF 12.9 70 -10 6.1 +1.7
AADR AdvisorShares Dorsey Wright ADR ETF 12.8 110 -50 3.5 -1.0
MCHI iShares MSCI China ETF 12.3 59 1 7.6 +3.2
FLCH Franklin FTSE China ETF 12.2 19 41 8.1 +3.7
BLOK Amplify Transformational Data Sharing ETF 12.1 70 -10 4.3 -0.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 12.0 49 11 7.9 +3.5
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 11.8 25 35 2.2 -2.2
GXC SPDR S&P China ETF 11.6 59 1 7.7 +3.2
KALL KraneShares FTSE Emerging Markets Plus ETF 11.6 49 11 7.9 +3.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 11.5 32 28 5.6 +1.2
DINT Davis Select International ETF 11.5 68 -8 5.7 +1.3
HERO Global X Video Games & Esports ETF 11.3 50 10 2.9 -1.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 10.8 30 30 7.6 +3.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 10.7 36 24 7.2 +2.8
PEK VanEck Vectors ChinaAMC CSI 300 ETF 10.7 60 0 3.9 -0.5
DWLD Davis Select Worldwide ETF 10.6 63 -3 6.2 +1.8
BKF iShares MSCI BRIC ETF 10.6 69 -9 7.3 +2.9
JHEM John Hancock Multifactor Emerging Markets ETF 10.5 49 11 8.7 +4.3
PNQI Invesco NASDAQ Internet ETF 10.4 60 0 0.9 -3.5
EEMA iShares MSCI Emerging Markets Asia ETF 10.2 50 10 7.6 +3.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 10.1 65 -5 7.4 +3.0
EEM iShares MSCI Emerging Markets ETF 10.1 68 -8 7.3 +2.9
OGIG O'Shares Global Internet Giants ETF 10.0 48 12 0.5 -3.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 9.9 59 1 11.0 +6.6
AVEM Avantis Emerging Markets Equity ETF 9.8 33 27 8.7 +4.3
ESGE iShares ESG MSCI EM ETF 9.8 25 35 8.5 +4.1
DVEM WisdomTree Emerging Markets Dividend Fund 9.8 32 28 7.2 +2.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 9.7 45 15 7.5 +3.1
BUYZ Franklin Disruptive Commerce ETF 9.7 50 10 -0.2 -4.6
PIE Invesco DWA Emerging Markets Momentum ETF 9.5 90 -30 4.9 +0.5
SCHE Schwab Emerging Markets Equity ETF 9.5 11 49 7.8 +3.4
IEMG iShares Core MSCI Emerging Markets ETF 9.5 13 47 7.8 +3.4
CN Xtrackers MSCI All China Equity ETF 9.4 50 10 7.9 +3.5
PBEE Invesco PureBeta FTSE Emerging Markets ETF 9.4 15 45 8.4 +4.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 9.2 68 -8 7.0 +2.6
GENY Principal Millennials Index ETF 9.2 45 15 3.7 -0.8
SPEM SPDR Portfolio Emerging Markets ETF 9.0 11 49 7.7 +3.3
FLAX Franklin FTSE Asia Ex Japan ETF 9.0 19 41 7.6 +3.2
GMF SPDR S&P Emerging Asia Pacific ETF 8.8 49 11 7.0 +2.6
GAMR ETFMG Video Game Tech ETF 8.6 75 -15 2.3 -2.1
FKO First Trust South Korea AlphadDEX Fund 8.6 80 -20 9.4 +4.9
EMMF WisdomTree Emerging Markets Multifactor Fund 8.5 48 12 9.6 +5.1
VWO Vanguard FTSE Emerging Markets ETF 8.5 10 50 7.9 +3.5
EWY iShares MSCI South Korea ETF 8.2 59 1 8.4 +4.0
FLKR Franklin FTSE South Korea ETF 8.1 9 51 8.7 +4.3
BTEK BlackRock Future Tech ETF 8.0 88 -28 0.7 -3.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 7.8 95 -35 8.0 +3.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 7.8 20 40 6.7 +2.3
FXI iShares China Large-Cap ETF 7.6 74 -14 13.0 +8.6
CCON Direxion Connected Consumer ETF 7.6 45 15 1.1 -3.3
NUEM Nuveen ESG Emerging Markets Equity ETF 7.6 45 15 6.7 +2.3
ISEM Invesco Strategic Emerging Markets ETF 7.4 35 25 10.7 +6.3
FDEM Fidelity Targeted Emerging Markets Factor ETF 7.4 45 15 8.4 +4.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 7.1 40 20 7.2 +2.8
RNEM Emerging Markets Equity Select ETF 7.0 75 -15 11.7 +7.3
ROAM Hartford Multifactor Emerging Markets ETF 6.9 44 16 13.0 +8.6
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 6.8 25 35 7.9 +3.5
IRBO iShares Robotics & Artificial Intelligence ETF 6.6 47 13 2.5 -1.9
EDUT Global X Education ETF 6.6 50 10 1.2 -3.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 6.5 30 30 8.7 +4.3
XCEM Columbia EM Core ex-China ETF 6.4 16 44 7.1 +2.6
BLCN Reality Shares Nasdaq NextGen Economy ETF 6.1 68 -8 5.4 +1.0
THNQ ROBO Global Artificial Intelligence ETF 5.9 68 -8 1.6 -2.8
AIA iShares Asia 50 ETF 5.9 50 10 7.8 +3.3
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 5.7 56 4 6.5 +2.1
PLAT WisdomTree Modern Tech Platforms Fund 5.7 20 40 1.5 -2.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 5.7 49 11 7.7 +3.3
XNTK SPDR NYSE Technology ETF 5.7 35 25 3.4 -1.0
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 5.5 60 0 3.7 -0.8
PXH Invesco FTSE RAFI Emerging Markets ETF 5.4 50 10 13.2 +8.8
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 5.4 45 15 9.1 +4.7
ARKQ Ark Industrial Innovation ETF 5.4 75 -15 0.7 -3.7
ARKF ARK Fintech Innovation ETF 5.3 75 -15 0.3 -4.1
IBUY Amplify Online Retail ETF 5.2 65 -5 -1.1 -5.6
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 5.1 35 25 4.4 +0.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 5.1 59 1 4.2 -0.2
VIGI Vanguard International Dividend Appreciation ETF 5.1 20 40 5.5 +1.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 5.0 32 28 8.9 +4.5

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 11.2 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 4.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.34 CATEGORY
AVERAGE
1.43
 
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.