KraneShares Hang Seng TECH Index ETF
ALTAR
Score™		 19.8% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 8.4x P/Sales
ratio		 1.1x
P/BV
ratio		 1.6x Div.
yield		 0.4%


  • 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) $60
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) $146,746
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
XIAOMI CORP. CLASS B 11.4 %
ALIBABA GROUP HOLDING LTD. 9.8 %
TENCENT HOLDINGS LTD 9.4 %
KUAISHOU TECHNOLOGY CLASS B 8.3 %
NETEASE, INC 5.4 %
JD.COM, INC. CLASS A 5.2 %
LI AUTO, INC. CLASS A 4.8 %
XPENG, INC. CLASS A 4.7 %
MEITUAN DIANPING 3.9 %
TRIP.COM GROUP LTD. 3.7 %
Total 66.6 %

TOP COUNTRY EXPOSURE
CHINA 88.2 %
HONG KONG 5.6 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
31.8% 26.9% -- -- -7.4%

Market Correlations
versus... Beta R-squared
S&P500 1.06 12%
MSCI EAFE 1.50 31%
MSCI Emg. Mkts. 1.85 55%

Technical Indicators
Recent close $16.72
30d moving avg. $17.50
Annualized volatility 40.0%
Short interest (ETF) 4.7%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 55
Turnover 1.5%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $4,299

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 214 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™: 19.8%


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
(%)
KWEB KraneShares CSI China Internet ETF 52.7 69 0 25.9 +6.0
FXI iShares China Large-Cap ETF 45.2 74 -5 16.7 -3.2
TCHI iShares MSCI China Multisector Tech ETF 44.5 59 10 16.9 -2.9
FDNI First Trust Dow Jones International Internet ETF 35.9 65 4 22.9 +3.0
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 35.8 60 9 10.3 -9.5
FLCH Franklin FTSE China ETF 35.6 19 50 15.4 -4.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 35.2 86 -17 14.2 -5.7
MCHI iShares MSCI China ETF 34.0 59 10 16.7 -3.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 33.9 32 37 13.5 -6.3
CHIQ Global X MSCI China Consumer Discretionary ETF 32.3 65 4 14.3 -5.5
CQQQ Invesco China Technology ETF 31.1 70 -1 15.4 -4.4
GXC SPDR S & P China ETF 30.7 59 10 15.7 -4.2
JCHI JPMorgan Active China ETF 30.4 65 4 14.3 -5.5
MCH Matthews China Active ETF 29.8 79 -10 14.0 -5.9
KALL KraneShares MSCI All China Index ETF 29.7 49 20 12.7 -7.1
AIA iShares Asia 50 ETF 27.0 50 19 12.7 -7.2
CGRO CoreValues Alpha Greater China Growth ETF 25.7 75 -6 3.6 -16.3
BKF iShares MSCI BIC ETF 24.4 69 0 12.9 -7.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 22.2 20 49 9.7 -10.1
EEMO Invesco S&P Emerging Markets Momentum ETF 19.5 29 40 7.5 -12.3
EMC Global X Emerging Markets Great Consumer ETF 19.2 75 -6 7.4 -12.4
SOCL Global X Social Media ETF 17.7 65 4 11.1 -8.7
LDEM iShares ESG MSCI EM Leaders ETF 17.0 17 52 13.8 -6.1
ECON Columbia Emerging Markets Consumer ETF 16.5 49 20 11.6 -8.3
MINV Matthews Asia Innovators Active ETF 16.3 79 -10 7.0 -12.9
FLAX Franklin FTSE Asia Ex Japan ETF 16.0 19 50 8.4 -11.5
EEMA iShares MSCI Emerging Markets Asia ETF 15.6 49 20 9.0 -10.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 14.7 66 3 8.8 -11.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 14.6 33 36 9.2 -10.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 14.6 70 -1 8.4 -11.5
GMF SPDR S&P Emerging Asia Pacific ETF 14.3 49 20 9.3 -10.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 14.3 15 54 9.5 -10.3
BKEM BNY Mellon Emerging Markets Equity ETF 14.0 11 58 9.2 -10.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 13.9 36 33 9.0 -10.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 13.5 30 39 9.8 -10.1
SCHE Schwab Emerging Markets Equity ETF 13.4 11 58 10.4 -9.4
PXH Invesco FTSE RAFI Emerging Markets ETF 13.2 49 20 14.7 -5.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 13.1 15 54 7.4 -12.4
ESGE iShares ESG Aware MSCI EM ETF 13.0 25 44 9.3 -10.6
FDEM Fidelity Emerging Markets Multifactor ETF 12.9 25 44 12.0 -7.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 12.9 45 24 9.5 -10.3
EEM iShares MSCI Emerging Markets ETF 12.6 69 0 9.4 -10.4
BNGE First Trust S-Network Streaming and Gaming ETF 12.3 70 -1 2.8 -17.1
VWO Vanguard FTSE Emerging Markets ETF 12.1 7 62 10.1 -9.8
DRGN Themes China Generative Artificial Intelligence ETF 12.0 39 30 10.8 -9.0
JHEM John Hancock Multifactor Emerging Markets ETF 12.0 49 20 9.3 -10.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 11.9 32 37 8.4 -11.5
SPEM SPDR Portfolio Emerging Markets ETF 11.6 7 62 10.3 -9.6
KGRN KraneShares MSCI China Clean Technology Index ETF 11.3 79 -10 0.4 -19.4
MEM Matthews Emerging Markets Equity Active ETF 11.1 79 -10 7.3 -12.6
IEMG iShares Core MSCI Emerging Markets ETF 10.8 9 60 9.7 -10.2
ODDS Pacer BlueStar Digital Entertainment ETF 10.5 60 9 2.8 -17.1
IVRS iShares Future Metaverse Tech and Communications ETF 10.4 47 22 3.2 -16.7
EMGF iShares Emerging Markets Equity Factor ETF 10.4 25 44 10.7 -9.2
DEHP Dimensional Emerging Markets High Profitability ETF 10.2 41 28 6.3 -13.5
FDRV Fidelity Electric Vehicles and Future Transportation ETF 9.9 39 30 -1.3 -21.1
ARVR First Trust Indxx Metaverse ETF 9.8 70 -1 4.1 -15.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 9.8 41 28 8.1 -11.7
ESPO VanEck Video Gaming and eSports ETF 9.7 56 13 5.2 -14.6
NUEM Nuveen ESG Emerging Markets Equity ETF 9.6 36 33 7.3 -12.6
JADE JPMorgan Active Developing Markets Equity ETF 9.6 65 4 7.6 -12.2
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 9.4 75 -6 3.5 -16.4
DFAE Dimensional Emerging Core Equity Market ETF 9.3 35 34 8.5 -11.3
PATN Pacer Nasdaq International Patent Leaders ETF 9.0 65 4 5.4 -14.5
MOTI VanEck Morningstar International Moat ETF 8.8 58 11 10.7 -9.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 8.8 39 30 15.3 -4.5
CHAT Roundhill Generative AI & Technology ETF 8.6 75 -6 7.8 -12.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 8.6 95 -26 10.8 -9.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 8.6 59 10 8.5 -11.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 8.5 72 -3 -1.3 -21.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 8.0 35 34 16.1 -3.7
FMET Fidelity Metaverse ETF 7.8 39 30 4.8 -15.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 7.2 38 31 8.5 -11.3
MOTG VanEck Morningstar Global Wide Moat ETF 7.2 52 17 8.9 -11.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 7.1 40 29 6.7 -13.2
ISHP First Trust Nasdaq Retail ETF 7.0 60 9 5.6 -14.2
IPKW Invesco International BuyBack Achievers ETF 6.8 55 14 8.7 -11.1
IXP iShares Global Comm Services ETF 6.5 42 27 5.7 -14.1
WRND IQ Global Equity R&D Leaders ETF 6.5 18 51 7.5 -12.3
GGME Invesco Next Gen Media and Gaming ETF 6.5 60 9 4.8 -15.0
RXI iShares Global Consumer Discretionary ETF 6.5 41 28 8.3 -11.6
EMXF iShares ESG Advanced MSCI EM ETF 6.2 16 53 7.9 -11.9
OND ProShares On-Demand ETF 6.2 58 11 -0.5 -20.3
ERTH Invesco MSCI Sustainable Future ETF 5.9 62 7 3.4 -16.4
FCA First Trust China AlphaDEX Fund 5.9 80 -11 8.9 -10.9
AVEM Avantis Emerging Markets Equity ETF 5.9 33 36 8.1 -11.7
HUMN Roundhill Humanoid Robotics ETF 5.4 75 -6 1.9 -18.0
AVSE Avantis Responsible Emerging Markets Equity ETF 5.4 33 36 7.8 -12.0
IDRV iShares Self-driving EV & Tech ETF 5.3 47 22 1.3 -18.5
ANEW ProShares MSCI Transformational Changes ETF 5.3 45 24 5.2 -14.6
METV Roundhill Ball Metaverse ETF 5.3 59 10 9.3 -10.6
SDG iShares MSCI Global Sustainable Development Goals ETF 5.0 49 20 4.9 -14.9
JIG JPMorgan International Growth ETF 5.0 55 14 4.7 -15.2
ROAM Hartford Multifactor Emerging Markets ETF 4.8 44 25 11.0 -8.8
FDHT Fidelity Digital Health ETF 4.5 39 30 1.5 -18.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 4.4 30 39 9.0 -10.9
GTEK Goldman Sachs Future Tech Leaders Equity ETF 4.3 75 -6 2.9 -17.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.2 41 28 7.1 -12.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 4.2 18 51 7.2 -12.6
IBLC iShares Blockchain and Tech ETF 4.1 47 22 -1.6 -21.4
DSTX Distillate International Fundamental Stability & Value ETF 4.0 55 14 7.5 -12.3
ACWX iShares MSCI ACWI ex U.S. ETF 3.9 34 35 7.3 -12.6
DINT Davis Select International ETF 3.9 55 14 7.7 -12.1
IVES Wedbush ETFMG Global Cloud Technology ETF 3.9 68 1 6.1 -13.7
AIQ Global X Artificial Intelligence & Technology ETF 3.9 68 1 3.7 -16.2
CWI SPDR MSCI ACWI ex-US ETF 3.8 30 39 7.5 -12.4
VEU Vanguard FTSE All-World ex-US Index Fund 3.7 4 65 7.6 -12.2
IBUY Amplify Online Retail ETF 3.6 65 4 2.7 -17.2
OGIG ALPS O'Shares Global Internet Giants ETF 3.6 48 21 2.3 -17.5
DWLD Davis Select Worldwide ETF 3.5 63 6 7.2 -12.7
VXUS Vanguard Total International Stock ETF 3.4 5 64 7.6 -12.3
IXUS iShares Core MSCI Total International Stock ETF 3.4 7 62 7.5 -12.4
ETEC iShares Breakthrough Environmental Solutions ETF 3.4 47 22 3.6 -16.2
XT iShares Exponential Technologies ETF 3.1 46 23 4.6 -15.3
FPXI First Trust International Equity Opportunities ETF 3.1 70 -1 4.2 -15.6
FLHK Franklin FTSE Hong Kong ETF 3.1 9 60 4.3 -15.5
DFEV Dimensional Emerging Markets Value ETF 3.1 43 26 11.8 -8.0
HTEC ROBO Global Healthcare Technology and Innovation ETF 2.8 68 1 2.1 -17.8
WUGI AXS Esoterica NextG Economy ETF 2.8 75 -6 2.3 -17.5
VSGX Vanguard ESG International Stock ETF 2.7 10 59 7.4 -12.4
RNEM First Trust Emerging Markets Equity Select ETF 2.7 75 -6 8.4 -11.5
BOTT Themes Robotics & Automation ETF 2.6 35 34 -1.3 -21.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.6 50 19 10.2 -9.7
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.5 70 -1 11.7 -8.1
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.3 90 -21 4.8 -15.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.3 60 9 7.8 -12.0
KOCG FIS Knights of Columbus Global Belief ETF 2.2 75 -6 4.9 -15.0
NXTG First Trust Indxx NextG ETF 2.1 70 -1 5.0 -14.9
FEOE First Eagle Overseas Equity ETF 2.1 79 -10 7.0 -12.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.0 30 39 7.4 -12.4
FDCF Fidelity Disruptive Communications ETF 2.0 50 19 4.2 -15.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.9 45 24 10.1 -9.8
CGXU Capital Group International Focus Equity ETF 1.9 54 15 5.4 -14.4
AIVC Amplify Bloomberg AI Value Chain ETF 1.9 59 10 5.8 -14.1
FEM First Trust Emerging Markets AlphaDEX Fund 1.8 80 -11 11.3 -8.5
KLMT Invesco MSCI Global Climate 500 ETF 1.8 10 59 5.6 -14.3
BUYZ Franklin Disruptive Commerce ETF 1.7 50 19 2.6 -17.3
UMMA Wahed Dow Jones Islamic World ETF 1.7 65 4 4.8 -15.1
EBIZ Global X E-Commerce ETF 1.6 50 19 4.1 -15.7
HEAL Global X HealthTech ETF 1.6 50 19 -0.6 -20.5
OAIM OneAscent International Equity ETF 1.6 95 -26 5.5 -14.4
GINN Goldman Sachs Innovate Equity ETF 1.6 52 17 3.6 -16.2
CLNR IQ Cleaner Transport ETF 1.5 45 24 5.0 -14.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.5 12 57 5.1 -14.7
CGV Conductor Global Equity Value ETF 1.4 130 -61 7.8 -12.0
FEGE First Eagle Global Equity ETF 1.4 79 -10 6.5 -13.4
BATT Amplify Lithium & Battery Technology ETF 1.4 59 10 2.8 -17.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.4 20 49 5.5 -14.4
BWEB Bitwise Web3 ETF 1.4 85 -16 -0.0 -19.9
ACWI iShares MSCI ACWI ETF 1.4 32 37 5.3 -14.5
JIVE JPMorgan International Value ETF 1.4 55 14 10.7 -9.2
IOO iShares Global 100 ETF 1.4 41 28 4.5 -15.4
FCLD Fidelity Cloud Computing ETF 1.3 39 30 3.4 -16.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.3 9 60 5.6 -14.3
KNCT Invesco Next Gen Connectivity ETF 1.3 40 29 4.5 -15.3
IQDF FlexShares International Quality Dividend Index Fund 1.3 47 22 8.4 -11.5
VT Vanguard Total World Stock ETF 1.3 6 63 5.7 -14.2
AWAY ETFMG Travel Tech ETF 1.2 76 -7 -0.1 -19.9
CGIE Capital Group International Equity ETF 1.2 54 15 4.9 -15.0
AVES Avantis Emerging Markets Value ETF 1.2 36 33 10.7 -9.2
HERO Global X Video Games & Esports ETF 1.2 50 19 4.5 -15.4
NERD Roundhill Video Games ETF 1.2 50 19 6.5 -13.3
ECNS iShares MSCI China Small-Cap ETF 1.1 59 10 9.1 -10.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.0 47 22 7.8 -12.1
TTAI FCF International Quality ETF 1.0 59 10 7.3 -12.6
JSTC Adasina Social Justice All Cap Global ETF 1.0 89 -20 5.0 -14.8
GEW Cambria Global EW ETF 0.9 29 40 0.0 -19.8
RODE Hartford Multifactor Diversified International ETF 0.9 29 40 10.4 -9.5
DGT State Street SPDR Global Dow ETF 0.8 50 19 6.5 -13.3
CARZ First Trust NASDAQ Global Auto Index Fund 0.8 70 -1 4.2 -15.7
DTAN Sparkline International Intangible Value ETF 0.8 55 14 8.0 -11.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 4 8.1 -11.8
DRIV Global X Autonomous & Electric Vehicles ETF 0.7 68 1 4.6 -15.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.7 25 44 6.4 -13.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.6 65 4 10.2 -9.7
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.6 56 13 2.8 -17.0
IGPT Invesco AI and Next Gen Software ETF 0.6 60 9 4.3 -15.5
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.6 80 -11 9.5 -10.3
INTF iShares International Equity Factor ETF 0.6 15 54 7.2 -12.6
JPIN J.P. Morgan Diversified Return International Equity ETF 0.5 37 32 7.8 -12.1
JETS U.S. Global Jets ETF 0.5 60 9 3.2 -16.7
IXN iShares Global Tech ETF 0.5 41 28 3.5 -16.4
GLOF iShares Global Equity Factor ETF 0.4 20 49 6.6 -13.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.4 42 27 9.6 -10.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.4 65 4 2.0 -17.9
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 49 5.9 -14.0
GCOW Pacer Global Cash Cows Dividend ETF 0.3 60 9 10.2 -9.6
IGRO iShares International Dividend Growth ETF 0.2 15 54 7.0 -12.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 -1 7.4 -12.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 20 6.8 -13.1
VPL Vanguard FTSE Pacific ETF 0.1 7 62 6.3 -13.5
DFIS Dimensional International Small Cap ETF 0.1 39 30 6.9 -13.0
VYMI Vanguard International High Dividend Yield ETF 0.1 17 52 9.0 -10.9
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 49 6.5 -13.3
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 30 5.6 -14.2
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 29 6.8 -13.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 45 7.1 -12.7
SCHF Schwab International Equity ETF 0.1 6 63 6.8 -13.1
VEA Vanguard FTSE Developed Markets ETF 0.1 3 66 6.8 -13.1
IPAC iShares Core MSCI Pacific ETF 0.0 9 60 6.1 -13.8
BKIE BNY Mellon International Equity ETF 0.0 4 65 6.6 -13.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 49 6.5 -13.4
IQSI IQ Candriam International Equity ETF 0.0 15 54 6.2 -13.7
AVSD Avantis Responsible International Equity ETF 0.0 23 46 5.0 -14.9
DFIC Dimensional International Core Equity 2 ETF 0.0 23 46 7.0 -12.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 24 8.3 -11.6
AVDE Avantis International Equity ETF 0.0 23 46 7.0 -12.9
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 45 6.1 -13.8
DFAI Dimensional International Core Equity Market ETF 0.0 18 51 6.7 -13.1
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 65 6.6 -13.2
IEFA iShares Core MSCI EAFE ETF 0.0 7 62 6.7 -13.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 30 7.5 -12.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 66 6.6 -13.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 27 5.3 -14.6

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

  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 27.5 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 19.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.42 CATEGORY
AVERAGE		 1.54
 
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.