KraneShares Hang Seng TECH Index ETF
ALTAR
Score™		 19.6% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 7.0x P/Sales
ratio		 0.9x
P/BV
ratio		 1.2x Div.
yield		 1.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
KTEC tracks a market-cap-weighted index of the 30 largest Chinese technology companies.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor CICC
Website kraneshares.com
Inception date Jun 09, 2021
Assets (mns) $50
Currency USD
Expense ratio 69 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 31
Wgt avg mkt cap (mns) $121,926
Large cap (>$10bn) 89.9%
Mid cap ($2-10bn) 9.8%
Small cap (<$2bn) 0.3%
Developed mkts 27.5%
Emerging mkts 72.5%

TOP TEN HOLDINGS
MEITUAN DIANPING 9.4 %
TENCENT HOLDINGS LTD 8.5 %
XIAOMI CORP. CLASS B 8.5 %
NETEASE, INC 8.4 %
BYD CO LTD-H 8.4 %
ALIBABA GROUP HOLDING LTD. 8.0 %
JD.COM, INC. CLASS A 5.5 %
KUAISHOU TECHNOLOGY CLASS B 5.4 %
BAIDU, INC. CLASS A 4.6 %
TRIP.COM GROUP LTD. 3.8 %
Total 70.3 %

TOP COUNTRY EXPOSURE
CHINA 91.2 %
HONG KONG 3.1 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.4% -12.7% -- -- -10.9%

Market Correlations
versus... Beta R-squared
S&P500 0.94 32%
MSCI EAFE 1.07 37%
MSCI Emg. Mkts. 1.23 63%

Technical Indicators
Recent close $13.91
30d moving avg. $13.95
Annualized volatility 40.0%
Short interest (ETF) 1.0%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 65
Turnover 1.8%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $4,299

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 211 potential alternatives to the KraneShares Hang Seng TECH Index ETF ETF based on the alternatives' overlap in portfolio holdings with KTEC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: KTEC Expense: 69 bp ALTAR Score™: 19.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH KTEC
Ticker Fund
Name		 Overlap1
vs KTEC
(%)		 Expense
ratio
(bp)		 Savings
vs KTEC
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs KTEC
(%)
FXI iShares China Large-Cap ETF 45.1 74 -5 19.8 +0.2
CHIQ Global X MSCI China Consumer Discretionary ETF 42.7 65 4 11.8 -7.8
TCHI iShares MSCI China Multisector Tech ETF 39.0 59 10 14.3 -5.3
FDNI First Trust Dow Jones International Internet ETF 37.4 65 4 23.1 +3.4
CQQQ Invesco China Technology ETF 33.1 70 -1 15.8 -3.9
MCHI iShares MSCI China ETF 32.2 59 10 18.9 -0.8
FLCH Franklin FTSE China ETF 32.0 19 50 16.7 -2.9
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 31.7 60 9 9.3 -10.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 31.1 86 -17 11.9 -7.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 29.8 32 37 13.2 -6.5
GXC SPDR S & P China ETF 28.3 59 10 17.5 -2.2
MCH Matthews China Active ETF 28.3 79 -10 14.8 -4.8
CGRO CoreValues Alpha Greater China Growth ETF 27.1 75 -6 4.5 -15.1
JCHI JPMorgan Active China ETF 24.1 65 4 14.9 -4.7
BKF iShares MSCI BIC ETF 23.5 69 0 13.6 -6.1
EEMO Invesco S&P Emerging Markets Momentum ETF 20.0 29 40 7.4 -12.3
AIA iShares Asia 50 ETF 19.1 50 19 8.8 -10.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 18.7 20 49 8.7 -10.9
KGRN KraneShares MSCI China Clean Technology Index ETF 17.3 79 -10 2.8 -16.8
LDEM iShares ESG MSCI EM Leaders ETF 15.8 17 52 12.2 -7.5
MINV Matthews Asia Innovators Active ETF 15.6 79 -10 6.0 -13.6
EMC Global X Emerging Markets Great Consumer ETF 15.3 75 -6 7.5 -12.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 14.8 15 54 9.2 -10.4
IVRS iShares Future Metaverse Tech and Communications ETF 14.4 47 22 5.3 -14.3
SOCL Global X Social Media ETF 14.0 65 4 12.5 -7.1
PXH Invesco FTSE RAFI Emerging Markets ETF 13.5 49 20 13.4 -6.3
FLAX Franklin FTSE Asia Ex Japan ETF 13.3 19 50 7.6 -12.1
FDEM Fidelity Emerging Markets Multifactor ETF 13.2 25 44 10.7 -9.0
MEM Matthews Emerging Markets Equity Active ETF 12.4 79 -10 8.9 -10.7
BNGE First Trust S-Network Streaming and Gaming ETF 12.2 70 -1 3.0 -16.7
FDRV Fidelity Electric Vehicles and Future Transportation ETF 12.2 39 30 1.1 -18.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 12.2 15 54 8.3 -11.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 12.2 66 3 7.6 -12.1
GMF SPDR S&P Emerging Asia Pacific ETF 12.0 49 20 9.0 -10.7
BKEM BNY Mellon Emerging Markets Equity ETF 11.6 11 58 8.2 -11.4
IDRV iShares Self-driving EV & Tech ETF 11.5 47 22 1.2 -18.4
DRGN Themes China Generative Artificial Intelligence ETF 11.5 39 30 9.9 -9.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 11.4 36 33 7.9 -11.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 11.3 70 -1 7.4 -12.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 11.3 33 36 7.0 -12.6
OND ProShares On-Demand ETF 11.2 58 11 0.5 -19.2
ESGE iShares ESG Aware MSCI EM ETF 11.1 25 44 8.6 -11.0
EMXF iShares ESG Advanced MSCI EM ETF 11.1 16 53 7.2 -12.5
EEMA iShares MSCI Emerging Markets Asia ETF 10.9 49 20 8.1 -11.6
ERTH Invesco MSCI Sustainable Future ETF 10.9 62 7 3.0 -16.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 10.9 88 -19 8.6 -11.0
JADE JPMorgan Active Developing Markets Equity ETF 10.5 65 4 6.2 -13.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 10.4 45 24 8.4 -11.2
SCHE Schwab Emerging Markets Equity ETF 10.4 11 58 9.5 -10.2
JHEM John Hancock Multifactor Emerging Markets ETF 10.3 49 20 7.9 -11.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 10.3 30 39 8.4 -11.3
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 10.2 75 -6 3.8 -15.9
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 10.1 72 -3 2.0 -17.6
VWO Vanguard FTSE Emerging Markets ETF 10.1 7 62 9.2 -10.5
ECON Columbia Emerging Markets Consumer ETF 9.9 49 20 7.2 -12.4
EEM iShares MSCI Emerging Markets ETF 9.8 69 0 8.2 -11.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 9.8 32 37 7.8 -11.9
SPEM SPDR Portfolio Emerging Markets ETF 9.4 7 62 9.5 -10.1
ARVR First Trust Indxx Metaverse ETF 9.0 70 -1 4.2 -15.4
IEMG iShares Core MSCI Emerging Markets ETF 8.6 9 60 8.5 -11.2
BATT Amplify Lithium & Battery Technology ETF 8.6 59 10 1.8 -17.9
ODDS Pacer BlueStar Digital Entertainment ETF 8.5 60 9 4.6 -15.0
ESPO VanEck Video Gaming and eSports ETF 8.4 56 13 6.4 -13.3
MOTI VanEck Morningstar International Moat ETF 8.3 58 11 9.6 -10.0
NUEM Nuveen ESG Emerging Markets Equity ETF 8.1 36 33 6.2 -13.5
FMET Fidelity Metaverse ETF 7.8 39 30 4.8 -14.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 7.4 41 28 7.0 -12.6
EMGF iShares Emerging Markets Equity Factor ETF 7.3 25 44 9.3 -10.3
RXI iShares Global Consumer Discretionary ETF 7.1 41 28 8.0 -11.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 7.0 42 27 4.0 -15.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 7.0 39 30 13.6 -6.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 7.0 95 -26 10.4 -9.3
IXP iShares Global Comm Services ETF 6.9 42 27 5.6 -14.0
DEHP Dimensional Emerging Markets High Profitability ETF 6.9 41 28 5.1 -14.5
DFAE Dimensional Emerging Core Equity Market ETF 6.9 35 34 7.2 -12.4
IPKW Invesco International BuyBack Achievers ETF 6.8 55 14 8.0 -11.7
SMOG VanEck Low Carbon Energy ETF 6.6 61 8 1.2 -18.4
GGME Invesco Next Gen Media and Gaming ETF 6.5 60 9 5.0 -14.7
MOTG VanEck Morningstar Global Wide Moat ETF 6.3 52 17 7.6 -12.0
PATN Pacer Nasdaq International Patent Leaders ETF 6.2 65 4 4.6 -15.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 6.1 59 10 8.7 -10.9
EMMF WisdomTree Emerging Markets Multifactor Fund 5.8 48 21 8.9 -10.7
DSTX Distillate International Fundamental Stability & Value ETF 5.8 55 14 6.5 -13.2
ISHP First Trust Nasdaq Retail ETF 5.8 60 9 5.3 -14.4
OGIG ALPS O'Shares Global Internet Giants ETF 5.4 48 21 2.7 -16.9
JIG JPMorgan International Growth ETF 5.3 55 14 3.6 -16.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 5.3 38 31 7.2 -12.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 5.3 35 34 11.4 -8.2
SDG iShares MSCI Global Sustainable Development Goals ETF 5.2 49 20 4.6 -15.1
ETEC iShares Breakthrough Environmental Solutions ETF 5.1 47 22 2.8 -16.9
AVEM Avantis Emerging Markets Equity ETF 5.0 33 36 7.3 -12.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 5.0 40 29 6.5 -13.1
METV Roundhill Ball Metaverse ETF 5.0 59 10 8.5 -11.2
AVSE Avantis Responsible Emerging Markets Equity ETF 4.8 33 36 7.0 -12.6
ANEW ProShares MSCI Transformational Changes ETF 4.6 45 24 4.6 -15.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 4.4 75 -6 2.2 -17.4
GINN Goldman Sachs Innovate Equity ETF 4.1 52 17 4.0 -15.7
UEVM VictoryShares Emerging Markets Value Momentum ETF 4.1 45 24 9.3 -10.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.9 70 -1 9.0 -10.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.8 41 28 6.1 -13.5
IBLC iShares Blockchain and Tech ETF 3.7 47 22 -1.3 -21.0
JIVE JPMorgan International Value ETF 3.7 55 14 8.3 -11.3
DINT Davis Select International ETF 3.7 55 14 6.1 -13.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 3.6 18 51 6.4 -13.2
ROAM Hartford Multifactor Emerging Markets ETF 3.6 44 25 7.9 -11.7
CHAT Roundhill Generative AI & Technology ETF 3.5 75 -6 5.1 -14.6
MOTO SmartETFs Smart Transportation & Technology ETF 3.4 68 1 5.7 -14.0
IBUY Amplify Online Retail ETF 3.4 65 4 2.3 -17.4
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 3.3 68 1 0.7 -18.9
AIQ Global X Artificial Intelligence & Technology ETF 3.3 68 1 3.4 -16.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 3.3 30 39 7.9 -11.7
ACWX iShares MSCI ACWI ex U.S. ETF 3.2 34 35 6.4 -13.2
XT iShares Exponential Technologies ETF 3.1 46 23 4.2 -15.4
BUYZ Franklin Disruptive Commerce ETF 3.0 50 19 2.4 -17.3
LIT Global X Lithium & Battery Tech ETF 3.0 75 -6 4.8 -14.8
CWI SPDR MSCI ACWI ex-US ETF 3.0 30 39 6.5 -13.2
VEU Vanguard FTSE All-World ex-US Index Fund 3.0 4 65 6.8 -12.9
CLNR IQ Cleaner Transport ETF 2.8 45 24 3.9 -15.8
DRIV Global X Autonomous & Electric Vehicles ETF 2.8 68 1 3.4 -16.2
VXUS Vanguard Total International Stock ETF 2.8 5 64 6.7 -13.0
CGXU Capital Group International Focus Equity ETF 2.7 54 15 4.0 -15.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.7 50 19 8.5 -11.2
IXUS iShares Core MSCI Total International Stock ETF 2.7 7 62 6.6 -13.0
FDHT Fidelity Digital Health ETF 2.7 39 30 1.7 -17.9
WUGI AXS Esoterica NextG Economy ETF 2.7 75 -6 1.7 -17.9
DWLD Davis Select Worldwide ETF 2.5 63 6 6.9 -12.8
HTEC ROBO Global Healthcare Technology and Innovation ETF 2.5 68 1 2.5 -17.1
HUMN Roundhill Humanoid Robotics ETF 2.4 75 -6 1.3 -18.3
DFEV Dimensional Emerging Markets Value ETF 2.4 43 26 10.0 -9.7
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.3 90 -21 3.9 -15.7
VSGX Vanguard ESG International Stock ETF 2.3 10 59 6.7 -12.9
FRGN Horizon International Equity ETF 2.2 75 -6 8.1 -11.5
KOCG FIS Knights of Columbus Global Belief ETF 2.2 75 -6 4.4 -15.3
AVES Avantis Emerging Markets Value ETF 2.1 36 33 8.9 -10.7
RNEM First Trust Emerging Markets Equity Select ETF 2.1 75 -6 7.6 -12.0
BOTT Themes Robotics & Automation ETF 2.1 35 34 -4.2 -23.8
NXTG First Trust Indxx NextG ETF 2.0 70 -1 4.4 -15.3
CARZ First Trust NASDAQ Global Auto Index Fund 2.0 70 -1 2.8 -16.8
BOTZ Global X Robotics & Artificial Intelligence ETF 2.0 69 0 1.9 -17.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.9 60 9 6.3 -13.3
FDCF Fidelity Disruptive Communications ETF 1.9 50 19 2.0 -17.6
KLMT Invesco MSCI Global Climate 500 ETF 1.9 10 59 5.2 -14.5
FEM First Trust Emerging Markets AlphaDEX Fund 1.8 80 -11 8.6 -11.1
UMMA Wahed Dow Jones Islamic World ETF 1.8 65 4 3.8 -15.8
AIVC Amplify Bloomberg AI Value Chain ETF 1.7 59 10 4.7 -15.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.7 78 -9 10.0 -9.7
PBD Invesco Global Clean Energy ETF 1.6 75 -6 0.3 -19.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.5 30 39 6.4 -13.3
WRND IQ Global Equity R&D Leaders ETF 1.4 18 51 4.2 -15.5
BWEB Bitwise Web3 ETF 1.4 85 -16 -0.1 -19.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.4 12 57 4.6 -15.1
FEOE First Eagle Overseas Equity ETF 1.3 79 -10 6.1 -13.5
KNCT Invesco Next Gen Connectivity ETF 1.3 40 29 3.7 -15.9
FID First Trust S&P International Dividend Aristocrats ETF 1.3 60 9 7.8 -11.8
XDAT Franklin Exponential Data ETF 1.3 50 19 1.4 -18.3
FBOT Fidelity Disruptive Automation ETF 1.2 50 19 3.0 -16.6
JGLO JPMorgan Global Select Equity ETF 1.2 33 36 4.3 -15.3
FCLD Fidelity Cloud Computing ETF 1.2 39 30 4.0 -15.6
ROBO ROBO Global Robotics & Automation Index ETF 1.2 95 -26 2.6 -17.0
ACWI iShares MSCI ACWI ETF 1.2 32 37 4.8 -14.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.1 20 49 4.9 -14.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.1 9 60 5.0 -14.6
GEW Cambria Global EW ETF 1.1 29 40 5.5 -14.2
IQDF FlexShares International Quality Dividend Index Fund 1.1 47 22 7.6 -12.0
IOO iShares Global 100 ETF 1.1 41 28 4.0 -15.6
VT Vanguard Total World Stock ETF 1.1 6 63 5.2 -14.5
IPOS Renaissance International IPO ETF 1.0 80 -11 0.0 -19.6
TTAI FCF International Quality ETF 1.0 59 10 6.6 -13.0
FEGE First Eagle Global Equity ETF 1.0 79 -10 6.0 -13.6
CGIE Capital Group International Equity ETF 1.0 54 15 4.5 -15.1
WDIV SPDR S&P Global Dividend ETF 0.9 40 29 9.2 -10.5
EBIZ Global X E-Commerce ETF 0.9 50 19 4.7 -15.0
HEAL Global X HealthTech ETF 0.9 50 19 -1.5 -21.2
AWAY ETFMG Travel Tech ETF 0.9 76 -7 1.1 -18.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.9 47 22 7.4 -12.2
HERO Global X Video Games & Esports ETF 0.8 50 19 5.7 -14.0
NERD Roundhill Video Games ETF 0.8 50 19 7.6 -12.0
DTAN Sparkline International Intangible Value ETF 0.8 55 14 7.2 -12.4
JSTC Adasina Social Justice All Cap Global ETF 0.8 89 -20 4.6 -15.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 4 7.7 -12.0
FCA First Trust China AlphaDEX Fund 0.7 80 -11 6.8 -12.8
DGT State Street SPDR Global Dow ETF 0.6 50 19 5.8 -13.8
IGPT Invesco AI and Next Gen Software ETF 0.6 60 9 3.4 -16.3
IGRO iShares International Dividend Growth ETF 0.6 15 54 6.7 -13.0
ACWV iShares MSCI Global Min Vol Factor ETF 0.5 20 49 5.7 -13.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.5 25 44 6.4 -13.2
JETS U.S. Global Jets ETF 0.4 60 9 2.7 -16.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.4 65 4 1.6 -18.0
IQM Franklin Intelligent Machines ETF 0.4 50 19 1.2 -18.4
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.4 80 -11 7.5 -12.2
IXN iShares Global Tech ETF 0.4 41 28 3.2 -16.4
INTF iShares International Equity Factor ETF 0.3 15 54 6.4 -13.3
GLOF iShares Global Equity Factor ETF 0.3 20 49 5.8 -13.9
GCOW Pacer Global Cash Cows Dividend ETF 0.3 60 9 9.0 -10.7
AQLT iShares MSCI Global Quality Factor ETF 0.3 18 51 0.0 -19.6
JPIN J.P. Morgan Diversified Return International Equity ETF 0.3 37 32 7.0 -12.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.2 58 11 3.5 -16.2
CIL VictoryShares International Volatility Wtd ETF 0.1 45 24 5.8 -13.9
VYMI Vanguard International High Dividend Yield ETF 0.1 17 52 7.9 -11.7
VPL Vanguard FTSE Pacific ETF 0.1 7 62 5.5 -14.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 20 6.0 -13.7
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 49 5.7 -13.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 30 6.7 -12.9
IQSI IQ Candriam International Equity ETF 0.0 15 54 5.5 -14.1
SCHF Schwab International Equity ETF 0.0 6 63 6.0 -13.6
VEA Vanguard FTSE Developed Markets ETF 0.0 3 66 6.0 -13.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 24 6.9 -12.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 45 6.7 -12.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 30 6.1 -13.6
BKIE BNY Mellon International Equity ETF 0.0 4 65 6.0 -13.7
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 49 5.8 -13.8

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 Hang Seng TECH 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 23.3 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 19.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.45 CATEGORY
AVERAGE		 1.52
 
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.