KraneShares MSCI Emerging Markets EX China Index ETF
ALTAR
Score™		 7.8% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 13.1x P/Sales
ratio		 1.3x
P/BV
ratio		 1.7x Div.
yield		 3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
KEMX is benchmarked to the MSCI Emerging Markets ex China Index, which tracks large-cap and mid-cap companies within emerging market countries, excluding China.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor KraneShares
Website kraneshares.com
Inception date Apr 12, 2019
Assets (mns) $66
Currency USD
Expense ratio 24 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 296
Wgt avg mkt cap (mns) $161,418
Large cap (>$10bn) 81.5%
Mid cap ($2-10bn) 17.6%
Small cap (<$2bn) 0.0%
Developed mkts 0.6%
Emerging mkts 99.4%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 16.6 %
SAMSUNG ELECTRONICS CO LTD 4.7 %
HYNIX SEMICONDUCTOR INC 2.3 %
RELIANCE INDS-SPONS GDR 144A 2.1 %
HON HAI PRECISION INDUSTRY 1.9 %
ICICI BANK LTD 1.8 %
MEDIATEK INC 1.7 %
INFOSYS TECHNOLOGIES-SP ADR 1.5 %
NASPERS LTD CLASS N 1.5 %
BHARTI AIRTEL LIMITED 1.4 %
Total 35.4 %

TOP COUNTRY EXPOSURE
TAIWAN 34.9 %
INDIA 22.0 %
SOUTH KOREA 20.5 %
BRAZIL 6.9 %
SOUTH AFRICA 5.8 %
MEXICO 3.7 %
MALAYSIA 2.4 %
INDONESIA 2.4 %
POLAND 2.3 %
THAILAND 1.7 %

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.
17.4% 5.4% 9.2% -- 6.5%

Market Correlations
versus... Beta R-squared
S&P500 0.87 65%
MSCI EAFE 0.75 56%
MSCI Emg. Mkts. 0.76 61%

Technical Indicators
Recent close $34.76
30d moving avg. $32.93
Annualized volatility 16.3%
Short interest (ETF) 3.2%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.2%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $6,943

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 469 potential alternatives to the KraneShares MSCI Emerging Markets EX China Index ETF ETF based on the alternatives' overlap in portfolio holdings with KEMX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: KEMX Expense: 24 bp ALTAR Score™: 7.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH KEMX
Ticker Fund
Name		 Overlap1
vs KEMX
(%)		 Expense
ratio
(bp)		 Savings
vs KEMX
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs KEMX
(%)
XCEM Columbia EM Core ex-China ETF 66.9 16 8 8.1 +0.3
STXE Strive Emerging Markets Ex-China ETF 65.1 32 -8 7.6 -0.2
XC WisdomTree Emerging Markets Ex-China Fund 64.6 32 -8 6.2 -1.6
EMXC iShares MSCI Emerging Markets ex China ETF 63.4 25 -1 7.5 -0.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 59.9 15 9 7.6 -0.2
JHEM John Hancock Multifactor Emerging Markets ETF 52.1 49 -25 9.8 +2.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 51.7 33 -9 9.7 +1.9
ECON Columbia Emerging Markets Consumer ETF 51.5 49 -25 11.9 +4.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 51.0 66 -42 9.2 +1.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 49.6 15 9 9.9 +2.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 49.6 32 -8 6.8 -1.0
BKEM BNY Mellon Emerging Markets Equity ETF 49.3 11 13 9.6 +1.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 48.4 45 -21 10.0 +2.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 48.2 32 -8 8.8 +1.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 48.1 36 -12 9.4 +1.6
EMDM First Trust Bloomberg Emerging Market Democracies ETF 48.0 75 -51 9.1 +1.3
XCNY SPDR S&P Emerging Markets ex-China ETF 47.5 15 9 7.5 -0.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 45.2 20 4 10.3 +2.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 44.8 30 -6 10.0 +2.2
EEM iShares MSCI Emerging Markets ETF 44.0 69 -45 9.9 +2.1
FLAX Franklin FTSE Asia Ex Japan ETF 42.9 19 5 8.9 +1.1
EEMA iShares MSCI Emerging Markets Asia ETF 42.8 49 -25 9.8 +2.0
EMXF iShares ESG Advanced MSCI EM ETF 42.1 16 8 8.3 +0.5
FTHF First Trust Emerging Markets Human Flourishing ETF 42.1 75 -51 8.1 +0.3
ESGE iShares ESG Aware MSCI EM ETF 40.5 25 -1 9.8 +2.0
EMGF iShares Emerging Markets Equity Factor ETF 39.1 25 -1 11.3 +3.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 39.0 70 -46 8.9 +1.1
LDEM iShares ESG MSCI EM Leaders ETF 37.5 17 7 13.3 +5.5
IEMG iShares Core MSCI Emerging Markets ETF 37.4 9 15 10.1 +2.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 37.0 50 -26 10.6 +2.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 36.8 30 -6 8.9 +1.1
AIA iShares Asia 50 ETF 36.0 50 -26 11.8 +4.0
FLTW Franklin FTSE Taiwan ETF 35.3 19 5 6.5 -1.3
SCHE Schwab Emerging Markets Equity ETF 35.0 11 13 10.6 +2.8
EWT iShares MSCI Taiwan ETF 34.5 58 -34 6.4 -1.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 34.5 88 -64 8.5 +0.7
DEXC Dimensional Emerging Markets ex China Core EquityETF 34.5 53 -29 7.6 -0.2
DFAE Dimensional Emerging Core Equity Market ETF 34.1 35 -11 9.0 +1.2
FDEM Fidelity Emerging Markets Multifactor ETF 33.3 25 -1 12.2 +4.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 33.1 39 -15 15.7 +7.9
NUEM Nuveen ESG Emerging Markets Equity ETF 33.0 36 -12 7.7 -0.1
PXH Invesco FTSE RAFI Emerging Markets ETF 32.5 49 -25 15.1 +7.3
VWO Vanguard FTSE Emerging Markets ETF 32.3 7 17 9.8 +2.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 32.2 40 -16 6.9 -0.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 32.2 59 -35 8.5 +0.8
MEM Matthews Emerging Markets Equity Active ETF 32.1 79 -55 7.5 -0.3
SPEM SPDR Portfolio Emerging Markets ETF 32.0 7 17 10.2 +2.4
ROAM Hartford Multifactor Emerging Markets ETF 31.9 44 -20 11.8 +4.0
EMMF WisdomTree Emerging Markets Multifactor Fund 31.3 48 -24 7.3 -0.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 30.8 44 -20 10.4 +2.6
EEMO Invesco S&P Emerging Markets Momentum ETF 29.6 29 -5 6.3 -1.5
FRDM Freedom 100 Emerging Markets ETF 29.4 49 -25 8.1 +0.3
DEHP Dimensional Emerging Markets High Profitability ETF 29.1 41 -17 6.5 -1.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 28.9 33 -9 8.4 +0.6
RNEM First Trust Emerging Markets Equity Select ETF 28.5 75 -51 7.5 -0.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 27.9 35 -11 17.5 +9.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 25.9 38 -14 8.9 +1.1
AVEM Avantis Emerging Markets Equity ETF 25.6 33 -9 8.4 +0.6
MINV Matthews Asia Innovators Active ETF 25.4 79 -55 6.8 -1.0
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 25.1 25 -1 6.5 -1.3
DFEV Dimensional Emerging Markets Value ETF 24.7 43 -19 12.9 +5.1
AVES Avantis Emerging Markets Value ETF 23.9 36 -12 10.7 +2.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 23.8 95 -71 11.4 +3.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 22.5 41 -17 8.4 +0.6
GMF SPDR S&P Emerging Asia Pacific ETF 21.9 49 -25 9.1 +1.4
PATN Pacer Nasdaq International Patent Leaders ETF 21.7 65 -41 6.0 -1.8
AVSE Avantis Responsible Emerging Markets Equity ETF 21.4 33 -9 8.1 +0.4
FLKR Franklin FTSE South Korea ETF 20.5 9 15 8.7 +0.9
FLIN Franklin FTSE India ETF 20.4 19 5 4.2 -3.6
EWY iShares MSCI South Korea ETF 20.1 58 -34 8.0 +0.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 19.1 29 -5 9.1 +1.3
BKF iShares MSCI BIC ETF 18.8 69 -45 13.0 +5.2
EPI WisdomTree India Earnings Fund 18.7 85 -61 5.2 -2.6
DEM WisdomTree Emerging Markets High Dividend Fund 17.9 63 -39 13.0 +5.2
INDA iShares MSCI India ETF 17.5 65 -41 4.6 -3.2
PIN Invesco India ETF 16.8 78 -54 4.7 -3.1
NFTY First Trust India NIFTY 50 Equal Weight ETF 16.7 80 -56 5.1 -2.7
INDY iShares India 50 ETF 16.0 89 -65 5.0 -2.8
KNCT Invesco Next Gen Connectivity ETF 15.3 40 -16 4.7 -3.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 15.3 18 6 7.8 +0.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 14.8 41 -17 7.4 -0.4
ACWX iShares MSCI ACWI ex U.S. ETF 13.6 34 -10 7.6 -0.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 13.3 45 -21 10.5 +2.7
VSGX Vanguard ESG International Stock ETF 13.2 10 14 7.5 -0.3
IVES Wedbush ETFMG Global Cloud Technology ETF 12.8 68 -44 6.7 -1.1
CGXU Capital Group International Focus Equity ETF 12.6 54 -30 5.4 -2.4
VEU Vanguard FTSE All-World ex-US Index Fund 12.2 4 20 8.0 +0.2
IXUS iShares Core MSCI Total International Stock ETF 11.7 7 17 7.8 -0.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 11.7 42 -18 7.0 -0.8
EMM Global X Emerging Markets ex-China ETF 11.5 75 -51 6.3 -1.5
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 11.5 80 -56 8.7 +0.9
VXUS Vanguard Total International Stock ETF 11.3 5 19 7.7 -0.1
FLLA Franklin FTSE Latin America ETF 11.3 19 5 12.4 +4.6
AIVC Amplify Bloomberg AI Value Chain ETF 11.3 59 -35 5.2 -2.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 11.0 47 -23 8.2 +0.4
NXTG First Trust Indxx NextG ETF 11.0 70 -46 5.2 -2.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 10.7 90 -66 6.7 -1.1
VYMI Vanguard International High Dividend Yield ETF 10.6 17 7 9.4 +1.7
IQDF FlexShares International Quality Dividend Index Fund 10.4 47 -23 8.8 +1.0
FEM First Trust Emerging Markets AlphaDEX Fund 10.2 80 -56 10.9 +3.1
EMC Global X Emerging Markets Great Consumer ETF 10.1 75 -51 10.6 +2.8
RODE Hartford Multifactor Diversified International ETF 9.7 29 -5 11.4 +3.6
JIG JPMorgan International Growth ETF 9.5 55 -31 4.7 -3.1
EYLD Cambria Emerging Shareholder Yield ETF 8.6 66 -42 12.2 +4.4
VPL Vanguard FTSE Pacific ETF 8.4 7 17 6.7 -1.1
IXN iShares Global Tech ETF 8.3 41 -17 3.6 -4.2
CWI SPDR MSCI ACWI ex-US ETF 8.1 30 -6 7.5 -0.3
WWJD Inspire International ETF 8.0 80 -56 7.2 -0.5
ACWV iShares MSCI Global Min Vol Factor ETF 8.0 20 4 6.2 -1.6
NDIA Global X India Active ETF 8.0 75 -51 4.9 -2.9
WRND IQ Global Equity R&D Leaders ETF 7.9 18 6 8.0 +0.2
FBOT Fidelity Disruptive Automation ETF 7.7 50 -26 3.7 -4.1
EDIV SPDR S&P Emerging Markets Dividend ETF 7.7 49 -25 11.6 +3.8
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 7.5 60 -36 10.0 +2.2
DSTX Distillate International Fundamental Stability & Value ETF 7.3 55 -31 7.7 -0.1
VIDI Vident International Equity Strategy ETF 7.3 61 -37 10.7 +2.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 7.2 30 -6 7.7 -0.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 6.9 70 -46 13.0 +5.2
CHAT Roundhill Generative AI & Technology ETF 6.9 75 -51 8.6 +0.9
FLN First Trust Latin America AlphaDEX Fund 6.9 80 -56 10.0 +2.2
FLBR Franklin FTSE Brazil ETF 6.9 19 5 13.9 +6.1
EWZ iShares MSCI Brazil ETF 6.6 58 -34 12.6 +4.8
CARZ First Trust NASDAQ Global Auto Index Fund 6.6 70 -46 4.6 -3.2
BLES Inspire Global Hope ETF 6.3 61 -37 6.8 -1.0
GLIN VanEck India Growth Leaders ETF 6.2 77 -53 6.7 -1.1
WTAI WisdomTree Artificial Intelligence and Innovation Fund 6.2 45 -21 2.6 -5.2
CLNR IQ Cleaner Transport ETF 6.1 45 -21 6.6 -1.2
ILF iShares Latin America 40 ETF 6.1 48 -24 12.3 +4.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 5.8 65 -41 7.8 +0.1
AGQI First Trust Active Global Quality Income ETF 5.8 85 -61 4.8 -3.0
DEW WisdomTree Global High Dividend Fund 5.8 58 -34 8.3 +0.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 5.7 75 -51 3.0 -4.8
EZA iShares MSCI South Africa ETF 5.7 58 -34 9.8 +2.0
FNDF Schwab Fundamental International Large Co. Index ETF 5.7 25 -1 9.5 +1.7
INDF Nifty India Financials ETF 5.6 75 -51 8.6 +0.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 5.6 80 -56 9.4 +1.6
ICOW Pacer Developed Markets International Cash Cows 100 ETF 5.5 65 -41 11.9 +4.1
FMET Fidelity Metaverse ETF 5.3 39 -15 4.5 -3.3
JSTC Adasina Social Justice All Cap Global ETF 5.1 89 -65 4.8 -3.0
FEOE First Eagle Overseas Equity ETF 5.0 79 -55 7.8 0.0
IMFL Invesco International Developed Dynamic Multifactor ETF 5.0 34 -10 6.1 -1.7
UMMA Wahed Dow Jones Islamic World ETF 5.0 65 -41 5.3 -2.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 5.0 46 -22 9.8 +2.0
ACWI iShares MSCI ACWI ETF 4.8 32 -8 5.5 -2.3
HFXI IQ FTSE International Equity Currency Neutral ETF 4.8 20 4 7.0 -0.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 4.7 45 -21 8.7 +0.9
KLMT Invesco MSCI Global Climate 500 ETF 4.7 10 14 5.6 -2.2
DINT Davis Select International ETF 4.7 55 -31 7.7 -0.1
ASEA Global X FTSE Southeast Asia ETF 4.6 65 -41 6.6 -1.2
AIQ Global X Artificial Intelligence & Technology ETF 4.6 68 -44 3.6 -4.2
JPIN J.P. Morgan Diversified Return International Equity ETF 4.6 37 -13 8.2 +0.4
DVYE iShares Emerging Markets Dividend ETF 4.6 49 -25 18.4 +10.7
AFK VanEck Africa Index ETF 4.6 98 -74 11.5 +3.7
DGIN VanEck Digital India ETF 4.5 71 -47 2.1 -5.7
GVAL Cambria Global Value ETF 4.5 68 -44 10.3 +2.5
DWLD Davis Select Worldwide ETF 4.5 63 -39 7.0 -0.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 4.4 20 4 5.6 -2.2
SCHY Schwab International Dividend Equity ETF 4.4 14 10 9.7 +1.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 4.4 86 -62 12.6 +4.8
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 4.4 86 -62 0.4 -7.4
INCO Columbia India Consumer ETF 4.3 75 -51 1.9 -5.9
UIVM VictoryShares International Value Momentum ETF 4.3 35 -11 8.9 +1.1
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.2 60 -36 8.1 +0.3
VT Vanguard Total World Stock ETF 4.2 6 18 5.8 -2.0
SDEM Global X MSCI SuperDividend Emerging Markets ETF 4.2 67 -43 13.5 +5.7
XT iShares Exponential Technologies ETF 4.1 46 -22 4.8 -3.0
GLOF iShares Global Equity Factor ETF 4.0 20 4 6.4 -1.4
IGPT Invesco AI and Next Gen Software ETF 3.9 60 -36 4.1 -3.7
COPY Tweedy, Browne Insider + Value ETF 3.9 80 -56 11.7 +3.9
DWX SPDR S&P International Dividend ETF 3.9 45 -21 6.1 -1.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.9 12 12 5.1 -2.7
OAIM OneAscent International Equity ETF 3.8 95 -71 5.6 -2.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 3.7 24 0 7.3 -0.4
EWW iShares MSCI Mexico ETF 3.7 50 -26 9.6 +1.8
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 3.7 65 -41 2.0 -5.8
PICK iShares MSCI Global Metals & Mining Producers ETF 3.7 39 -15 12.3 +4.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.7 78 -54 9.1 +1.3
FEGE First Eagle Global Equity ETF 3.6 79 -55 6.8 -1.0
AIS VistaShares Artificial Intelligence Supercycle ETF 3.5 75 -51 2.8 -5.0
SCHF Schwab International Equity ETF 3.5 6 18 7.2 -0.6
FDTX Fidelity Disruptive Technology ETF 3.5 50 -26 2.7 -5.1
QTUM Defiance Quantum ETF 3.4 40 -16 5.3 -2.5
FLMX Franklin FTSE Mexico ETF 3.3 19 5 9.9 +2.1
MOTI VanEck Morningstar International Moat ETF 3.3 58 -34 11.7 +3.9
VEA Vanguard FTSE Developed Markets ETF 3.2 3 21 7.1 -0.7
EDOG ALPS Emerging Sector Dividend Dogs ETF 3.2 60 -36 10.3 +2.5
TTAI FCF International Quality ETF 3.1 59 -35 7.3 -0.5
CGGO Capital Group Global Growth Equity ETF 3.1 47 -23 4.6 -3.2
FILL iShares MSCI Global Energy Producers ETF 2.9 39 -15 11.5 +3.8
INQQ India Internet & Ecommerce ETF 2.8 86 -62 1.3 -6.5
LOUP Innovator Deepwater Frontier Tech ETF 2.7 70 -46 1.1 -6.7
TPIF Timothy Plan International ETF 2.7 62 -38 6.2 -1.6
FGD First Trust Dow Jones Global Select Dividend Index Fund 2.7 56 -32 10.5 +2.8
MOTG VanEck Morningstar Global Wide Moat ETF 2.6 52 -28 7.5 -0.3
ROBO ROBO Global Robotics & Automation Index ETF 2.5 95 -71 3.4 -4.4
EWM iShares MSCI Malaysia ETF 2.4 50 -26 6.7 -1.1
RCGE RockCreek Global Equality ETF 2.4 95 -71 6.6 -1.2
IDV iShares International Select Dividend ETF 2.3 51 -27 10.7 +2.9
EPOL iShares MSCI Poland ETF 2.3 59 -35 11.2 +3.4
CIL VictoryShares International Volatility Wtd ETF 2.2 45 -21 6.6 -1.2
IDHQ Invesco S&P International Developed High Quality ETF 2.1 29 -5 6.6 -1.2
IPAV Global X Infrastructure Development ex-U.S. ETF 2.1 55 -31 7.6 -0.2
IBAT iShares Energy Storage & Materials ETF 2.1 47 -23 3.5 -4.3
EIDO iShares MSCI Indonesia ETF 2.1 59 -35 8.2 +0.4
IDX VanEck Indonesia Index ETF 2.1 57 -33 7.2 -0.6
SDIV Global X Superdividend ETF 2.1 58 -34 40.8 +33.1
OCEN IQ Clean Oceans ETF 2.0 45 -21 6.0 -1.8
RGEF Rockefeller Global Equity ETF 2.0 55 -31 4.7 -3.1
JGLO JPMorgan Global Select Equity ETF 2.0 33 -9 5.0 -2.8
FCLD Fidelity Cloud Computing ETF 1.9 39 -15 3.1 -4.7
IGRO iShares International Dividend Growth ETF 1.9 15 9 7.2 -0.5
SPDW SPDR Portfolio Developed World ex-US ETF 1.9 3 21 6.9 -0.9
ICOP iShares Copper and Metals Mining ETF 1.9 47 -23 8.1 +0.3
IXG iShares Global Financials ETF 1.9 42 -18 6.5 -1.3
ARTY iShares Future AI & Tech ETF 1.8 47 -23 3.5 -4.3
GINN Goldman Sachs Innovate Equity ETF 1.8 52 -28 3.6 -4.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.7 9 15 5.6 -2.2
PID Invesco International Dividend Achievers ETF 1.7 53 -29 5.5 -2.3
SNSR Global X Internet of Things ETF 1.7 68 -44 4.5 -3.3
DTCR Global X Data Center & Digital Infrastructure ETF 1.7 50 -26 4.2 -3.6
PBD Invesco Global Clean Energy ETF 1.7 75 -51 -0.3 -8.1
RING iShares MSCI Global Gold Miners ETF 1.6 39 -15 4.2 -3.6
IDRV iShares Self-driving EV & Tech ETF 1.5 47 -23 1.8 -6.0
AADR AdvisorShares Dorsey Wright ADR ETF 1.5 110 -86 4.7 -3.1
CIBR First Trust NASDAQ Cybersecurity ETF 1.5 60 -36 4.0 -3.8
NUKZ Range Nuclear Renaissance Index ETF 1.5 85 -61 2.0 -5.8
ABLG Abacus FCF International Leaders ETF 1.5 59 -35 6.8 -1.0
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.4 45 -21 4.0 -3.8
METV Roundhill Ball Metaverse ETF 1.3 59 -35 7.3 -0.4
DGT SPDR Global Dow ETF 1.3 50 -26 6.9 -0.9
EPU iShares MSCI Peru and Global Exposure ETF 1.3 59 -35 6.2 -1.6
UAE iShares MSCI UAE ETF 1.3 59 -35 0.0 -7.8
VIGI Vanguard International Dividend Appreciation ETF 1.3 10 14 6.3 -1.5
BRAZ Global X Brazil Active ETF 1.3 75 -51 12.2 +4.4
FTAG First Trust Indxx Global Agriculture ETF 1.3 70 -46 8.4 +0.6
GSFP Goldman Sachs Future Planet Equity ETF 1.3 75 -51 4.8 -3.0
MXI iShares Global Materials ETF 1.3 41 -17 7.5 -0.3
SDG iShares MSCI Global Sustainable Development Goals ETF 1.2 49 -25 5.7 -2.1
FNDC Schwab Fundamental International Small Co. Index ETF 1.2 39 -15 5.6 -2.2
MOTO SmartETFs Smart Transportation & Technology ETF 1.2 68 -44 7.2 -0.6
QAT iShares MSCI Qatar ETF 1.1 59 -35 46.1 +38.3
BATT Amplify Lithium & Battery Technology ETF 1.1 59 -35 3.3 -4.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.1 47 -23 5.8 -2.0
GMET VanEck Green Metals ETF 1.1 63 -39 8.5 +0.7
FID First Trust S&P International Dividend Aristocrats ETF 1.0 60 -36 7.8 +0.0
WDIV SPDR S&P Global Dividend ETF 1.0 40 -16 9.2 +1.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.0 49 -25 6.7 -1.1
CRAK VanEck Oil Refiners ETF 1.0 61 -37 13.2 +5.4
EV Mast Global Battery Recycling & Production ETF 1.0 65 -41 10.5 +2.7
ECH iShares MSCI Chile ETF 1.0 58 -34 8.3 +0.5
ISHP First Trust Nasdaq Retail ETF 1.0 60 -36 5.2 -2.6
EPHE iShares MSCI Philippines ETF 0.9 59 -35 0.0 -7.8
KXI iShares Global Consumer Staples ETF 0.9 41 -17 5.6 -2.2
CGGR Capital Group Growth ETF 0.9 39 -15 3.1 -4.7
FDNI First Trust Dow Jones International Internet ETF 0.9 65 -41 19.5 +11.8
SOCL Global X Social Media ETF 0.9 65 -41 8.3 +0.5
KPOP KPOP and Korean Entertainment ETF 0.9 75 -51 2.0 -5.8
DMAT Global X Disruptive Materials ETF 0.9 59 -35 7.4 -0.4
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.9 85 -61 8.8 +1.0
FPAG FPA Global Equity ETF 0.9 49 -25 5.7 -2.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.9 12 12 8.0 +0.2
CCNR ALPS CoreCommodity Natural Resources ETF 0.9 39 -15 10.7 +2.9
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.9 39 -15 -0.9 -8.7
HAP VanEck Natural Resources ETF 0.8 50 -26 9.3 +1.5
GCOW Pacer Global Cash Cows Dividend ETF 0.8 60 -36 11.0 +3.2
SETM Sprott Energy Transition Materials ETF 0.8 65 -41 2.6 -5.2
IXP iShares Global Comm Services ETF 0.8 42 -18 5.3 -2.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.8 72 -48 -0.9 -8.7
OBOR KraneShares MSCI One Belt One Road Index ETF 0.8 79 -55 8.8 +1.0
IOO iShares Global 100 ETF 0.8 41 -17 4.7 -3.1
TUR iShares MSCI Turkey ETF 0.8 58 -34 17.6 +9.8
KOCG FIS Knights of Columbus Global Belief ETF 0.7 75 -51 5.2 -2.6
OSEA Harbor International Compounders ETF 0.7 55 -31 4.9 -2.9
ARKF ARK Fintech Innovation ETF 0.7 75 -51 -0.4 -8.2
RXI iShares Global Consumer Discretionary ETF 0.7 41 -17 9.0 +1.2
ICLN iShares Global Clean Energy ETF 0.7 41 -17 5.0 -2.8
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.7 10 14 7.9 +0.1
TINY ProShares Nanotechnology ETF 0.7 58 -34 4.8 -3.0
SMOG VanEck Low Carbon Energy ETF 0.7 61 -37 1.7 -6.1
COPA Themes Copper Miners ETF 0.7 35 -11 5.5 -2.3
SHPP Pacer Industrials and Logistics ETF 0.6 60 -36 8.7 +0.9
GINX SGI Enhanced Global Income ETF 0.6 98 -74 7.0 -0.8
CZA Invesco Zacks Mid-Cap ETF 0.6 72 -48 6.6 -1.2
FDCF Fidelity Disruptive Communications ETF 0.6 50 -26 2.7 -5.1
BINV Brandes International ETF 0.6 70 -46 9.2 +1.4
CGV Conductor Global Equity Value ETF 0.6 130 -106 8.0 +0.2
DRIV Global X Autonomous & Electric Vehicles ETF 0.6 68 -44 4.8 -3.0
LIT Global X Lithium & Battery Tech ETF 0.6 75 -51 4.2 -3.6
SLVP iShares MSCI Global Silver Miners ETF 0.6 39 -15 6.0 -1.8
ERTH Invesco MSCI Sustainable Future ETF 0.6 62 -38 3.6 -4.2
AGNG Global X Aging Population ETF 0.6 50 -26 4.9 -2.9
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.6 75 -51 4.6 -3.2
JETS U.S. Global Jets ETF 0.6 60 -36 2.7 -5.1
BBEU JPMorgan BetaBuilders Europe ETF 0.6 9 15 7.2 -0.6
DIVI Franklin International Core Dividend Tilt Index ETF 0.6 9 15 7.9 +0.1
SILJ ETFMG Prime Junior Silver Miners ETF 0.5 69 -45 2.2 -5.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.5 58 -34 4.6 -3.2
FLEE Franklin FTSE Europe ETF 0.5 9 15 7.3 -0.5
SIL Global X Silver Miners ETF 0.5 65 -41 2.7 -5.1
VGK Vanguard FTSE Europe ETF 0.5 6 18 7.5 -0.3
IQSI IQ Candriam International Equity ETF 0.5 15 9 6.6 -1.2
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.5 79 -55 4.9 -2.9
SPEU SPDR Portfolio Europe ETF 0.5 7 17 7.4 -0.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.5 58 -34 9.5 +1.7
JHDV John Hancock U.S. High Dividend ETF 0.5 34 -10 6.5 -1.3
CGDG Capital Group Dividend Growers ETF 0.5 47 -23 6.2 -1.6
BITQ Bitwise Crypto Industry Innovators ETF 0.5 85 -61 -2.3 -10.1
BLOK Amplify Transformational Data Sharing ETF 0.5 75 -51 -0.4 -8.2
FXO First Trust Financials AlphaDEX Fund 0.5 62 -38 8.1 +0.4
IHAK iShares Cybersecurity & Tech ETF 0.5 47 -23 4.1 -3.7
IYF iShares U.S. Financials ETF 0.5 40 -16 5.8 -2.0
JOET Virtus Terranova US Quality Momentum ETF 0.5 29 -5 4.7 -3.1
SFYF SoFi Social 50 ETF 0.5 29 -5 0.4 -7.4
AOTG AOT Growth and Innovation ETF 0.5 75 -51 1.7 -6.1
BPAY BlackRock Future Financial and Technology ETF 0.5 70 -46 7.6 -0.2
FDFF Fidelity Disruptive Finance ETF 0.5 50 -26 4.2 -3.6
MID American Century Mid Cap Growth Impact ETF 0.5 45 -21 3.2 -4.6
SPYA Twin Oak Endure ETF 0.5 80 -56 -2.1 -9.9
VCLN Virtus Duff & Phelps Clean Energy ETF 0.5 59 -35 4.7 -3.1
IXJ iShares Global Healthcare ETF 0.5 42 -18 7.3 -0.5
FTRI First Trust Indxx Global Natural Resources Income ETF 0.5 70 -46 7.5 -0.3
JXI iShares Global Utilities ETF 0.5 43 -19 5.9 -1.9
FVD First Trust Value Line Dividend Index Fund 0.4 65 -41 6.3 -1.5
URA Global X Uranium ETF 0.4 69 -45 1.5 -6.3
COPX Global X Copper Miners ETF 0.4 65 -41 7.0 -0.8
AGMI Themes Silver Miners ETF 0.4 35 -11 4.9 -2.9
LRGF iShares U.S. Equity Factor ETF 0.4 8 16 5.4 -2.4
GDX VanEck Gold Miners ETF 0.4 51 -27 3.2 -4.6
GDXJ VanEck Junior Gold Miners ETF 0.4 52 -28 4.2 -3.6
GSID Goldman Sachs MarketBeta International Equity ETF 0.4 20 4 6.8 -1.0
IDOG ALPS International Sector Dividend Dogs ETF 0.4 50 -26 12.0 +4.2
BUZZ VanEck Social Sentiment ETF 0.4 75 -51 -0.4 -8.2
APIE ActivePassive International Equity ETF 0.4 45 -21 7.3 -0.5
HELX Franklin Genomic Advancements ETF 0.4 50 -26 -0.2 -8.0
IQRA IQ CBRE Real Assets ETF 0.4 65 -41 5.7 -2.1
SHLD Global X Defense Tech ETF 0.4 50 -26 3.1 -4.7
EQAL Invesco Russell 1000 Equal Weight ETF 0.3 20 4 6.8 -1.0
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.3 50 -26 5.3 -2.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.3 70 -46 7.5 -0.3
BKIE BNY Mellon International Equity ETF 0.3 4 20 7.0 -0.8
HART IQ Healthy Hearts ETF 0.3 45 -21 6.7 -1.1
TINT ProShares Smart Materials ETF 0.3 58 -34 7.1 -0.6
ANEW ProShares MSCI Transformational Changes ETF 0.3 45 -21 6.1 -1.7
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.3 80 -56 4.9 -2.9
ABLD Abacus FCF Real Assets Leaders ETF 0.3 69 -45 6.7 -1.1
FXZ First Trust Materials AlphaDEX Fund 0.3 61 -37 9.9 +2.1
GNR SPDR S&P Global Natural Resources ETF 0.3 40 -16 10.9 +3.1
IYM iShares U.S. Basic Materials ETF 0.3 40 -16 6.0 -1.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.3 18 6 7.7 -0.1
QVAL Alpha Architect US Quantitative Value ETF 0.3 39 -15 9.6 +1.8
THD iShares MSCI Thailand ETF 0.3 58 -34 0.0 -7.8
CCSO Carbon Collective Climate Solutions US Equity ETF 0.3 35 -11 1.0 -6.8
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF 0.3 49 -25 4.6 -3.2
ION ProShares S&P Global Core Battery Metals ETF 0.3 58 -34 9.2 +1.5
PTL Inspire 500 ETF 0.3 9 15 5.2 -2.6
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.3 12 12 4.4 -3.4
CUT Invesco MSCI Global Timber ETF 0.3 61 -37 10.5 +2.7
WOOD iShares Global Timber & Forestry ETF 0.3 42 -18 12.1 +4.3
AQWA Global X Clean Water ETF 0.3 50 -26 5.0 -2.8
CGW Invesco S&P Global Water Index ETF 0.3 57 -33 4.7 -3.1
PIO Invesco Global Water ETF 0.3 75 -51 4.3 -3.5
VEGI iShares MSCI Agriculture Producers ETF 0.2 39 -15 8.8 +1.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.2 39 -15 7.8 +0.0
SFYX SoFi Next 500 ETF 0.2 0 24 5.7 -2.1
FNDA Schwab Fundamental US Small Co. Index ETF 0.2 25 -1 8.2 +0.4
CTEC Global X CleanTech ETF 0.2 50 -26 -0.1 -7.9
FDD First Trust Stoxx European Select Dividend Index Fund 0.2 58 -34 11.2 +3.5
JMOM JPMorgan U.S. Momentum Factor ETF 0.2 12 12 4.5 -3.3
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 12 5.8 -2.0
MOO VanEck Agribusiness ETF 0.2 53 -29 10.5 +2.7
RNRG Global X Renewable Energy Producers ETF 0.2 66 -42 1.4 -6.4
ESPO VanEck Video Gaming and eSports ETF 0.2 56 -32 3.7 -4.1
HERO Global X Video Games & Esports ETF 0.2 50 -26 3.7 -4.1
NERD Roundhill Video Games ETF 0.2 50 -26 2.9 -4.9
OND ProShares On-Demand ETF 0.2 58 -34 0.6 -7.2
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 -36 4.2 -3.6
ODDS Pacer BlueStar Digital Entertainment ETF 0.2 60 -36 2.1 -5.7
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 9 4.6 -3.2
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 0.2 68 -44 2.5 -5.3
IWY iShares Russell Top 200 Growth ETF 0.2 20 4 4.5 -3.3
GVLU Gotham 1000 Value ETF 0.2 50 -26 8.9 +1.1
RVRB Reverb ETF 0.2 30 -6 4.5 -3.3
EXI iShares Global Industrials ETF 0.2 42 -18 4.5 -3.3
NLR VanEck Uranium+Nuclear Energy ETF 0.2 61 -37 1.7 -6.1
VFQY Vanguard U.S. Quality Factor ETF 0.2 13 11 6.4 -1.4
BLLD JPMorgan Sustainable Infrastructure ETF 0.2 49 -25 6.1 -1.7
EFRA iShares Environmental Infrastructure and Industrials ETF 0.2 47 -23 5.3 -2.5
IWF iShares Russell 1000 Growth ETF 0.2 19 5 4.3 -3.5
VONG Vanguard Russell 1000 Growth ETF 0.2 7 17 4.4 -3.4
AVRE Avantis Real Estate ETF 0.2 17 7 7.2 -0.6
REET iShares Global REIT ETF 0.2 14 10 7.5 -0.3
RWO SPDR Dow Jones Global Real Estate ETF 0.2 50 -26 6.9 -0.9
RWX SPDR Dow Jones International Real Estate ETF 0.2 59 -35 6.8 -1.0
DFGR Dimensional Global Real Estate ETF 0.2 22 2 7.4 -0.4
ESGG FlexShares STOXX Global ESG Select Index Fund 0.2 42 -18 5.4 -2.4
INTF iShares International Equity Factor ETF 0.1 15 9 7.5 -0.3
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.1 80 -56 13.5 +5.7
COLO Global X MSCI Colombia ETF 0.1 62 -38 16.5 +8.7
SCHC Schwab International Small-Cap Equity ETF 0.1 11 13 6.5 -1.3
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 11 2.9 -4.9
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.1 10 14 5.1 -2.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 16 6.0 -1.8
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 15 4.6 -3.2
VYM Vanguard High Dividend Yield Index ETF 0.1 6 18 7.0 -0.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 -15 5.3 -2.5
IWL iShares Russell Top 200 ETF 0.1 15 9 4.6 -3.2
CCMG CCM Global Equity ETF 0.1 34 -10 8.3 +0.6
IPKW Invesco International BuyBack Achievers ETF 0.1 55 -31 12.4 +4.6
FEP First Trust Europe AlphaDEX Fund 0.1 80 -56 9.0 +1.2
FEUZ First Trust Eurozone AlphaDEX ETF 0.1 80 -56 9.1 +1.3
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 9 5.3 -2.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.1 70 -46 4.8 -3.0
FPXI First Trust International Equity Opportunities ETF 0.1 70 -46 4.2 -3.6
GREK Global X MSCI Greece ETF 0.1 57 -33 10.9 +3.1
RFDI First Trust Riverfront Dynamic Developed International ETF 0.1 83 -59 9.2 +1.5
RFEU First Trust Riverfront Dynamic Europe ETF 0.1 83 -59 10.6 +2.8
ARVR First Trust Indxx Metaverse ETF 0.1 70 -46 3.9 -3.9
IWB iShares Russell 1000 ETF 0.1 15 9 4.8 -3.0
VONE Vanguard Russell 1000 ETF 0.1 7 17 4.9 -2.9
IWV iShares Russell 3000 ETF 0.1 20 4 4.7 -3.1
VTHR Vanguard Russell 3000 ETF 0.1 7 17 4.8 -3.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.1 80 -56 10.3 +2.5
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 4 7.0 -0.8
ESG FlexShares Trust FlexShares STOXX US ESG Select Index Fund 0.1 32 -8 4.9 -2.9
VFMF Vanguard U.S. Multifactor ETF 0.1 18 6 7.9 +0.1
SUPL ProShares Supply Chain Logistics ETF 0.1 58 -34 11.9 +4.1
IUS Invesco RAFI Strategic US ETF 0.1 19 5 6.8 -1.0
DFVX Dimensional US Large Cap Vector ETF 0.1 22 2 6.2 -1.6
AFLG First Trust Active Factor Large Cap ETF 0.1 55 -31 6.3 -1.5
BJK VanEck Gaming ETF 0.1 65 -41 4.1 -3.7
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 -15 6.7 -1.1
IWX iShares Russell Top 200 Value ETF 0.0 20 4 6.2 -1.6
AVUS Avantis U.S. Equity ETF 0.0 15 9 5.7 -2.1
DFIV Dimensional International Value ETF 0.0 27 -3 9.5 +1.7
HLAL Wahed FTSE USA Shariah ETF 0.0 50 -26 4.6 -3.2
ILCV iShares Morningstar Value ETF 0.0 4 20 6.4 -1.4
DUHP Dimensional US High Profitability ETF 0.0 21 3 6.3 -1.5
DFAI Dimensional International Core Equity Market ETF 0.0 18 6 7.1 -0.7
IWD iShares Russell 1000 Value ETF 0.0 19 5 6.4 -1.4
XMAG Defiance Large Cap ex-Mag 7 ETF 0.0 35 -11 5.1 -2.7
JHML John Hancock Multifactor Large Cap ETF 0.0 29 -5 5.3 -2.5
VONV Vanguard Russell 1000 Value ETF 0.0 7 17 6.5 -1.3
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 7 7.1 -0.7
NACP Impact Shares NAACP Minority Empowerment ETF 0.0 49 -25 4.7 -3.1
DFIC Dimensional International Core Equity 2 ETF 0.0 23 1 7.3 -0.5
DXIV Dimensional International Vector Equity ETF 0.0 34 -10 7.7 -0.1
DIVB iShares Core Dividend ETF 0.0 5 19 8.1 +0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.0 2 22 4.9 -2.9
BKLC BNY Mellon US Large Cap Core Equity ETF 0.0 0 24 4.8 -3.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.0 7 17 4.7 -3.1
VOTE TCW Transform 500 ETF 0.0 5 19 4.8 -3.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 13 4.8 -3.0
ILCB iShares Morningstar U.S. Equity ETF 0.0 3 21 4.8 -3.0
DFAU Dimensional US Core Equity Market ETF 0.0 12 12 5.0 -2.8
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 7 5.5 -2.3
DFUS Dimensional U.S. Equity ETF 0.0 9 15 4.7 -3.1
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 -1 7.1 -0.6
DCOR Dimensional US Core Equity 1 ETF 0.0 14 10 5.3 -2.5
EBI Longview Advantage ETF 0.0 35 -11 6.5 -1.3
QDF FlexShares Quality Dividend Index Fund 0.0 37 -13 6.1 -1.7
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 -1 5.6 -2.2
DXUV Dimensional US Vector Equity ETF 0.0 28 -4 6.2 -1.6
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.0 29 -5 4.5 -3.3
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 6 5.3 -2.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 0.0 30 -6 4.3 -3.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -41 7.6 -0.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 -5 6.4 -1.4
QDEF FlexShares Quality Dividend Defensive Index Fund 0.0 37 -13 6.0 -1.8
DIHP Dimensional International High Profitability ETF 0.0 29 -5 7.1 -0.7

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 Emerging Markets EX China Index ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.5 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 24 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.52 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.