KraneShares Hang Seng TECH Index ETF
ALTAR
Score™		 21.6% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 5.9x P/Sales
ratio		 0.9x
P/BV
ratio		 1.4x Div.
yield		 0.6%


  • 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) $42
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) $110,926
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
XIAOMI CORP. CLASS B 11.6 %
ALIBABA GROUP HOLDING LTD. 10.5 %
TENCENT HOLDINGS LTD 8.3 %
JD.COM, INC. CLASS A 7.3 %
KUAISHOU TECHNOLOGY CLASS B 7.2 %
MEITUAN DIANPING 7.0 %
LI AUTO, INC. CLASS A 5.8 %
XPENG, INC. CLASS A 5.4 %
NETEASE, INC 4.2 %
LENOVO GROUP LTD 3.9 %
Total 71.1 %

TOP COUNTRY EXPOSURE
CHINA 90.6 %
HONG KONG 6.2 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 30)
Year-to-date 1 year 5 years 10 years Since Incep.
14.8% 32.1% -- -- -11.3%

Market Correlations
versus... Beta R-squared
S&P500 0.55 4%
MSCI EAFE 1.14 20%
MSCI Emg. Mkts. 1.97 59%

Technical Indicators
Recent close $15.35
30d moving avg. $15.64
Annualized volatility 43.8%
Short interest (ETF) 2.7%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 67
Turnover 2.4%
Bid/Ask (% of price) 0.48%
ADV underlying (mns) $4,299

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 204 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™: 21.6%


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
(%)
KWEB KraneShares CSI China Internet ETF 52.5 69 0 28.4 +6.8
FXI iShares China Large-Cap ETF 48.2 74 -5 18.9 -2.8
TCHI iShares MSCI China Multisector Tech ETF 44.7 59 10 22.0 +0.4
FLCH Franklin FTSE China ETF 37.1 19 50 17.9 -3.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 37.0 86 -17 14.1 -7.6
MCHI iShares MSCI China ETF 36.6 59 10 18.9 -2.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 34.6 32 37 19.0 -2.6
CHIQ Global X MSCI China Consumer Discretionary ETF 34.6 65 4 15.5 -6.1
FDNI First Trust Dow Jones International Internet ETF 34.5 65 4 19.9 -1.8
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 33.9 60 9 12.7 -8.9
MCH Matthews China Active ETF 33.3 79 -10 16.3 -5.3
JCHI JPMorgan Active China ETF 31.3 65 4 16.5 -5.2
CQQQ Invesco China Technology ETF 31.3 70 -1 19.5 -2.1
GXC SPDR S&P China ETF 30.9 59 10 17.5 -4.1
KALL KraneShares MSCI All China Index ETF 30.5 49 20 14.9 -6.8
AIA iShares Asia 50 ETF 27.4 50 19 14.7 -6.9
CGRO CoreValues Alpha Greater China Growth ETF 26.7 75 -6 4.3 -17.3
BKF iShares MSCI BIC ETF 23.9 69 0 13.8 -7.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 23.1 20 49 10.8 -10.8
EEMO Invesco S&P Emerging Markets Momentum ETF 22.2 29 40 6.8 -14.8
EMC Global X Emerging Markets Great Consumer ETF 19.7 75 -6 8.4 -13.2
MINV Matthews Asia Innovators Active ETF 17.6 79 -10 7.8 -13.8
ECON Columbia Emerging Markets Consumer ETF 17.2 49 20 13.3 -8.4
EEMA iShares MSCI Emerging Markets Asia ETF 16.9 49 20 10.9 -10.7
FLAX Franklin FTSE Asia Ex Japan ETF 16.3 19 50 10.0 -11.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 15.4 70 -1 9.9 -11.7
SOCL Global X Social Media ETF 15.1 65 4 12.4 -9.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 14.8 66 3 10.5 -11.1
LDEM iShares ESG MSCI EM Leaders ETF 14.7 17 52 14.0 -7.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 14.5 15 54 10.9 -10.7
BKEM BNY Mellon Emerging Markets Equity ETF 14.2 11 58 10.6 -11.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 14.1 33 36 10.7 -11.0
GMF SPDR S&P Emerging Asia Pacific ETF 14.1 49 20 10.1 -11.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 14.1 30 39 10.9 -10.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 14.1 36 33 10.4 -11.2
ESGE iShares ESG Aware MSCI EM ETF 14.0 25 44 10.7 -10.9
SCHE Schwab Emerging Markets Equity ETF 13.4 11 58 11.8 -9.8
EEM iShares MSCI Emerging Markets ETF 13.3 69 0 10.8 -10.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 13.1 15 54 8.6 -13.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 13.0 45 24 11.1 -10.6
PXH Invesco FTSE RAFI Emerging Markets ETF 12.6 49 20 17.0 -4.7
FDEM Fidelity Emerging Markets Multifactor ETF 12.4 25 44 13.6 -8.1
KGRN KraneShares MSCI China Clean Technology Index ETF 12.3 79 -10 3.8 -17.8
VWO Vanguard FTSE Emerging Markets ETF 12.3 8 61 11.1 -10.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 12.0 32 37 9.7 -11.9
JHEM John Hancock Multifactor Emerging Markets ETF 11.9 49 20 10.7 -11.0
FDRV Fidelity Electric Vehicles and Future Transportation ETF 11.6 39 30 -1.3 -22.9
OND ProShares On-Demand ETF 11.5 58 11 0.8 -20.9
IEMG iShares Core MSCI Emerging Markets ETF 11.5 9 60 11.0 -10.6
SPEM SPDR Portfolio Emerging Markets ETF 11.4 7 62 11.0 -10.6
MEM Matthews Emerging Markets Equity Active ETF 11.3 79 -10 8.5 -13.2
NUEM Nuveen ESG Emerging Markets Equity ETF 10.8 36 33 8.2 -13.4
EMGF iShares Emerging Markets Equity Factor ETF 10.7 25 44 12.3 -9.3
DEHP Dimensional Emerging Markets High Profitability ETF 10.6 41 28 7.2 -14.5
FCA First Trust China AlphaDEX Fund 10.6 80 -11 9.9 -11.7
ARVR First Trust Indxx Metaverse ETF 10.6 70 -1 4.5 -17.1
IDRV iShares Self-driving EV & Tech ETF 10.6 47 22 2.7 -19.0
DFAE Dimensional Emerging Core Equity Market ETF 10.1 35 34 10.2 -11.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 10.0 72 -3 -0.9 -22.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 9.9 41 28 9.5 -12.1
MOTI VanEck Morningstar International Moat ETF 9.9 58 11 12.8 -8.8
CHAT Roundhill Generative AI & Technology ETF 9.8 75 -6 7.0 -14.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 9.7 39 30 17.2 -4.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 9.6 35 34 20.9 -0.7
PATN Pacer Nasdaq International Patent Leaders ETF 9.4 65 4 6.6 -15.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 8.8 95 -26 13.3 -8.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 8.8 59 10 12.3 -9.3
ESPO VanEck Video Gaming and eSports ETF 8.7 56 13 4.4 -17.3
ODDS Pacer BlueStar Digital Entertainment ETF 8.3 60 9 2.3 -19.4
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 8.3 75 -6 5.2 -16.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 8.1 38 31 10.0 -11.7
FMET Fidelity Metaverse ETF 7.8 39 30 5.2 -16.4
EMXF iShares ESG Advanced MSCI EM ETF 7.6 16 53 8.6 -13.0
BNGE First Trust S-Network Streaming and Gaming ETF 7.6 70 -1 3.2 -18.4
ANEW ProShares MSCI Transformational Changes ETF 7.4 45 24 6.3 -15.3
IVRS iShares Future Metaverse Tech and Communications ETF 7.3 47 22 2.9 -18.8
DINT Davis Select International ETF 7.0 55 14 8.3 -13.3
ERTH Invesco MSCI Sustainable Future ETF 7.0 62 7 3.6 -18.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 6.9 40 29 7.3 -14.3
RXI iShares Global Consumer Discretionary ETF 6.9 41 28 9.1 -12.5
ISHP First Trust Nasdaq Retail ETF 6.7 60 9 6.0 -15.6
WRND IQ Global Equity R&D Leaders ETF 6.6 18 51 8.9 -12.8
FEM First Trust Emerging Markets AlphaDEX Fund 6.4 80 -11 12.0 -9.6
IPKW Invesco International BuyBack Achievers ETF 6.4 55 14 14.5 -7.2
GGME Invesco Next Gen Media and Gaming ETF 6.4 60 9 4.6 -17.0
DWLD Davis Select Worldwide ETF 6.3 63 6 7.7 -13.9
IXP iShares Global Comm Services ETF 6.2 42 27 6.3 -15.4
SDG iShares MSCI Global Sustainable Development Goals ETF 6.1 49 20 6.4 -15.3
AVEM Avantis Emerging Markets Equity ETF 5.8 33 36 9.5 -12.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 5.7 70 -1 15.5 -6.1
AIQ Global X Artificial Intelligence & Technology ETF 5.4 68 1 4.3 -17.4
MOTG VanEck Morningstar Global Wide Moat ETF 5.1 52 17 6.8 -14.8
ROAM Hartford Multifactor Emerging Markets ETF 5.0 44 25 12.3 -9.4
DFEV Dimensional Emerging Markets Value ETF 4.9 43 26 14.1 -7.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 4.6 90 -21 8.1 -13.5
JIG JPMorgan International Growth ETF 4.4 55 14 4.7 -16.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.3 41 28 7.8 -13.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 4.3 30 39 10.2 -11.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 4.2 18 51 8.0 -13.7
IVES Wedbush ETFMG Global Cloud Technology ETF 4.2 68 1 8.4 -13.3
METV Roundhill Ball Metaverse ETF 4.1 59 10 7.4 -14.2
ACWX iShares MSCI ACWI ex U.S. ETF 3.9 34 35 7.9 -13.7
WUGI AXS Esoterica NextG Economy ETF 3.8 75 -6 2.6 -19.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.7 75 -6 3.3 -18.4
FLHK Franklin FTSE Hong Kong ETF 3.7 9 60 7.0 -14.6
VEU Vanguard FTSE All-World ex-US Index Fund 3.7 8 61 8.3 -13.3
CWI SPDR MSCI ACWI ex-US ETF 3.6 30 39 7.9 -13.7
DSTX Distillate International Fundamental Stability & Value ETF 3.6 55 14 8.3 -13.3
AIVC Amplify Bloomberg AI Value Chain ETF 3.5 59 10 6.8 -14.9
IBLC iShares Blockchain and Tech ETF 3.5 47 22 -3.7 -25.3
XT iShares Exponential Technologies ETF 3.4 46 23 5.7 -16.0
IXUS iShares Core MSCI Total International Stock ETF 3.4 7 62 8.1 -13.5
VXUS Vanguard Total International Stock ETF 3.3 7 62 8.2 -13.5
ETEC iShares Breakthrough Environmental Solutions ETF 3.3 47 22 3.9 -17.8
NXTG First Trust Indxx NextG ETF 3.3 70 -1 5.6 -16.0
IBUY Amplify Online Retail ETF 3.0 65 4 3.0 -18.6
FDHT Fidelity Digital Health ETF 3.0 39 30 0.9 -20.7
RNEM First Trust Emerging Markets Equity Select ETF 2.9 75 -6 7.0 -14.6
VSGX Vanguard ESG International Stock ETF 2.8 12 57 8.0 -13.7
OGIG ALPS O'Shares Global Internet Giants ETF 2.6 48 21 1.6 -20.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.6 50 19 11.9 -9.8
UMMA Wahed Dow Jones Islamic World ETF 2.4 65 4 5.3 -16.4
KOCG FIS Knights of Columbus Global Belief ETF 2.3 75 -6 5.1 -16.5
CGXU Capital Group International Focus Equity ETF 2.2 54 15 5.8 -15.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.1 60 9 7.1 -14.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.1 30 39 8.3 -13.3
BUYZ Franklin Disruptive Commerce ETF 2.0 50 19 2.3 -19.3
FEOE First Eagle Overseas Equity ETF 1.9 79 -10 8.3 -13.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.9 45 24 10.8 -10.8
CLNR IQ Cleaner Transport ETF 1.8 45 24 6.9 -14.7
FDCF Fidelity Disruptive Communications ETF 1.8 50 19 3.4 -18.3
CGV Conductor Global Equity Value ETF 1.6 130 -61 9.1 -12.5
KNCT Invesco Next Gen Connectivity ETF 1.6 40 29 5.2 -16.4
KLMT Invesco MSCI Global Climate 500 ETF 1.6 10 59 6.0 -15.6
HTEC ROBO Global Healthcare Technology and Innovation ETF 1.6 68 1 2.6 -19.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.6 12 57 5.3 -16.3
OAIM OneAscent International Equity ETF 1.5 95 -26 6.1 -15.5
ACWI iShares MSCI ACWI ETF 1.4 32 37 5.9 -15.8
BWEB Bitwise Web3 ETF 1.4 85 -16 0.2 -21.5
EBIZ Global X E-Commerce ETF 1.4 50 19 4.4 -17.3
HEAL Global X HealthTech ETF 1.4 50 19 -0.7 -22.3
IOO iShares Global 100 ETF 1.4 41 28 5.2 -16.4
GINN Goldman Sachs Innovate Equity ETF 1.3 52 17 4.2 -17.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.3 9 60 6.1 -15.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.3 20 49 6.0 -15.6
FEGE First Eagle Global Equity ETF 1.3 79 -10 7.2 -14.4
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.3 61 8 1.5 -20.2
VT Vanguard Total World Stock ETF 1.3 7 62 6.2 -15.4
AVES Avantis Emerging Markets Value ETF 1.2 36 33 12.0 -9.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 1.1 25 44 6.5 -15.1
IQDF FlexShares International Quality Dividend Index Fund 1.1 47 22 9.3 -12.4
AWAY ETFMG Travel Tech ETF 1.1 76 -7 -0.1 -21.7
DGT SPDR Global Dow ETF 1.1 50 19 7.4 -14.2
CGIE Capital Group International Equity ETF 1.1 54 15 5.0 -16.7
RODE Hartford Multifactor Diversified International ETF 1.0 29 40 11.0 -10.7
TTAI FCF International Quality ETF 1.0 59 10 7.1 -14.5
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.9 61 8 -2.3 -23.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.9 47 22 8.5 -13.1
DTAN Sparkline International Intangible Value ETF 0.8 55 14 8.2 -13.4
IXN iShares Global Tech ETF 0.7 41 28 4.2 -17.4
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 4 8.2 -13.4
ACWV iShares MSCI Global Min Vol Factor ETF 0.7 20 49 5.8 -15.8
ECNS iShares MSCI China Small-Cap ETF 0.7 59 10 10.6 -11.1
INTF iShares International Equity Factor ETF 0.7 15 54 7.8 -13.8
FCLD Fidelity Cloud Computing ETF 0.6 39 30 3.2 -18.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.6 65 4 12.0 -9.7
JPIN J.P. Morgan Diversified Return International Equity ETF 0.6 37 32 8.6 -13.0
GLOF iShares Global Equity Factor ETF 0.5 20 49 6.9 -14.7
JETS U.S. Global Jets ETF 0.5 60 9 3.8 -17.8
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.5 65 4 3.3 -18.4
IGPT Invesco AI and Next Gen Software ETF 0.5 60 9 5.0 -16.7
VIDI Vident International Equity Strategy ETF 0.4 61 8 11.2 -10.4
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.4 56 13 2.6 -19.0
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -20 4.5 -17.1
GCOW Pacer Global Cash Cows Dividend ETF 0.3 60 9 11.0 -10.6
IGRO iShares International Dividend Growth ETF 0.2 15 54 7.1 -14.5
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 30 6.1 -15.6
VPL Vanguard FTSE Pacific ETF 0.1 8 61 7.4 -14.2
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 49 7.2 -14.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -1 7.8 -13.8
VYMI Vanguard International High Dividend Yield ETF 0.1 22 47 9.8 -11.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 45 7.6 -14.1
BULD Pacer BlueStar Engineering the Future ETF 0.1 60 9 1.7 -20.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 20 7.3 -14.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 24 9.0 -12.6
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 29 7.2 -14.4
DFIS Dimensional International Small Cap ETF 0.1 39 30 7.6 -14.1
AVSD Avantis Responsible International Equity ETF 0.1 23 46 5.7 -15.9
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 4 8.3 -13.4
SCHF Schwab International Equity ETF 0.1 6 63 7.5 -14.2
BKIE BNY Mellon International Equity ETF 0.1 4 65 7.1 -14.5
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 49 7.0 -14.6
VEA Vanguard FTSE Developed Markets ETF 0.0 5 64 7.4 -14.3
AVDE Avantis International Equity ETF 0.0 23 46 7.7 -13.9
IQSI IQ Candriam International Equity ETF 0.0 15 54 6.6 -15.0
IPAC iShares Core MSCI Pacific ETF 0.0 9 60 6.9 -14.8
DFIC Dimensional International Core Equity 2 ETF 0.0 23 46 7.7 -14.0
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 27 5.6 -16.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 30 8.4 -13.2
IEFA iShares Core MSCI EAFE ETF 0.0 7 62 7.2 -14.5
DFAI Dimensional International Core Equity Market ETF 0.0 18 51 7.3 -14.3
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 45 6.5 -15.1
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 65 7.2 -14.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 66 7.2 -14.4

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 28.5 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 21.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.42 CATEGORY
AVERAGE		 1.50
 
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.