KraneShares Hang Seng TECH Index ETF
ALTAR
Score™		 -3.9% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 13.4x P/Sales
ratio		 0.9x
P/BV
ratio		 1.8x 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) $6
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) $78,121
Large cap (>$10bn) 86.2%
Mid cap ($2-10bn) 13.2%
Small cap (<$2bn) 0.6%
Developed mkts 27.1%
Emerging mkts 72.9%

TOP TEN HOLDINGS
LI AUTO, INC. CLASS A 10.8 %
ALIBABA GROUP HOLDING LTD. 9.2 %
TENCENT HOLDINGS LTD 8.2 %
MEITUAN DIANPING 8.2 %
XIAOMI CORP. CLASS B 8.0 %
JD.COM, INC. CLASS A 7.9 %
KUAISHOU TECHNOLOGY CLASS B 7.5 %
NETEASE, INC 7.0 %
BAIDU, INC. CLASS A 4.3 %
LENOVO GROUP LTD 4.3 %
Total 75.4 %

TOP COUNTRY EXPOSURE
CHINA 92.5 %
HONG KONG 5.4 %









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.
-9.5% -20.0% -- -- -26.7%

Market Correlations
versus... Beta R-squared
S&P500 0.54 5%
MSCI EAFE 1.10 20%
MSCI Emg. Mkts. 1.92 65%

Technical Indicators
Recent close $11.08
30d moving avg. $12.01
Annualized volatility 42.8%
Short interest (ETF) 1.0%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 7
Turnover 1.4%
Bid/Ask (% of price) 0.48%
ADV underlying (mns) $1,780

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 182 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™: -3.9%


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 52.6 69 0 -0.7 +3.3
FXI iShares China Large-Cap ETF 46.6 74 -5 9.6 +13.6
TCHI iShares MSCI China Multisector Tech ETF 40.0 59 10 3.1 +7.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 38.0 86 -17 1.9 +5.9
FDNI First Trust Dow Jones International Internet ETF 34.1 65 4 2.7 +6.7
CQQQ Invesco China Technology ETF 33.9 70 -1 -5.7 -1.7
MCHI iShares MSCI China ETF 32.0 59 10 9.0 +12.9
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 31.7 60 9 0.9 +4.9
FLCH Franklin FTSE China ETF 31.5 19 50 9.6 +13.6
CHIQ Global X MSCI China Consumer Discretionary ETF 31.4 65 4 5.4 +9.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 28.9 32 37 5.7 +9.6
MCH Matthews China Active ETF 28.3 79 -10 6.1 +10.0
JCHI JPMorgan Active China ETF 26.8 65 4 8.0 +11.9
GXC SPDR S&P China ETF 25.9 59 10 9.1 +13.0
KALL KraneShares MSCI All China Index ETF 23.2 49 20 9.4 +13.4
AIA iShares Asia 50 ETF 22.7 50 19 6.9 +10.8
CN Xtrackers MSCI All China Equity ETF 22.4 50 19 8.7 +12.6
BKF iShares MSCI BIC ETF 19.5 69 0 7.1 +11.1
ECON Columbia Emerging Markets Consumer ETF 18.3 49 20 4.8 +8.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 15.1 20 49 7.5 +11.4
KGRN KraneShares MSCI China Clean Technology Index ETF 14.8 79 -10 6.5 +10.5
SOCL Global X Social Media ETF 14.5 65 4 -5.7 -1.8
LDEM iShares ESG MSCI EM Leaders ETF 14.1 17 52 7.8 +11.7
CGRO CoreValues Alpha Greater China Growth ETF 13.3 75 -6 2.6 +6.5
EEMA iShares MSCI Emerging Markets Asia ETF 12.5 49 20 6.7 +10.6
IVRS iShares Future Metaverse Tech and Communications ETF 12.2 47 22 -5.3 -1.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 11.4 70 -1 6.3 +10.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 10.8 30 39 7.5 +11.5
PXH Invesco FTSE RAFI Emerging Markets ETF 10.6 49 20 12.5 +16.4
ARVR First Trust Indxx Metaverse ETF 10.5 70 -1 2.5 +6.4
GMF SPDR S&P Emerging Asia Pacific ETF 10.4 49 20 6.4 +10.3
EMXF iShares ESG Advanced MSCI EM ETF 10.4 16 53 7.5 +11.4
FLAX Franklin FTSE Asia Ex Japan ETF 10.4 19 50 7.2 +11.1
SCHE Schwab Emerging Markets Equity ETF 9.8 11 58 7.6 +11.5
ESGE iShares ESG Aware MSCI EM ETF 9.7 25 44 7.7 +11.6
EEM iShares MSCI Emerging Markets ETF 9.7 69 0 7.0 +10.9
ESPO VanEck Video Gaming and eSports ETF 9.5 56 13 4.5 +8.4
ODDS Pacer BlueStar Digital Entertainment ETF 9.5 60 9 3.0 +6.9
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 9.4 65 4 5.0 +8.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 9.4 66 3 7.2 +11.1
OND ProShares On-Demand ETF 9.3 58 11 -2.5 +1.5
MEM Matthews Emerging Markets Equity Active ETF 9.3 79 -10 5.7 +9.7
NUEM Nuveen ESG Emerging Markets Equity ETF 9.2 36 33 6.8 +10.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 9.1 15 54 7.1 +11.0
VWO Vanguard FTSE Emerging Markets ETF 9.0 8 61 7.6 +11.5
GGME Invesco Next Gen Media and Gaming ETF 9.0 60 9 4.1 +8.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 8.9 33 36 7.2 +11.1
BKEM BNY Mellon Emerging Markets Equity ETF 8.6 11 58 7.7 +11.6
IEMG iShares Core MSCI Emerging Markets ETF 8.3 9 60 7.5 +11.5
CHAT Roundhill Generative AI & Technology ETF 8.1 75 -6 4.2 +8.1
FCA First Trust China AlphaDEX Fund 8.1 80 -11 18.0 +21.9
SPEM SPDR Portfolio Emerging Markets ETF 8.0 7 62 7.5 +11.5
EMGF iShares Emerging Markets Equity Factor ETF 8.0 25 44 8.7 +12.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 7.9 36 33 7.5 +11.4
FDEM Fidelity Emerging Markets Multifactor ETF 7.8 25 44 12.0 +15.9
DSTX Distillate International Fundamental Stability & Value ETF 7.6 55 14 8.0 +11.9
IPOS Renaissance International IPO ETF 7.5 80 -11 -168.0 -164.1
DFAE Dimensional Emerging Core Equity Market ETF 7.4 35 34 7.7 +11.7
MINV Matthews Asia Innovators Active ETF 7.4 79 -10 2.8 +6.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 7.3 32 37 6.3 +10.2
DEHP Dimensional Emerging Markets High Profitability ETF 7.3 41 28 7.3 +11.2
EMC Global X Emerging Markets Great Consumer ETF 7.3 75 -6 4.9 +8.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 7.0 45 24 8.6 +12.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 7.0 39 30 12.6 +16.5
IWFH iShares Virtual Work and Life Multisector ETF 6.9 47 22 -3.5 +0.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 6.8 41 28 7.8 +11.8
IXP iShares Global Comm Services ETF 6.8 42 27 5.1 +9.1
FMET Fidelity Metaverse ETF 6.5 39 30 4.3 +8.3
MOTI VanEck Morningstar International Moat ETF 6.5 58 11 6.9 +10.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 6.4 95 -26 11.4 +15.4
ISHP First Trust Nasdaq Retail ETF 6.0 60 9 3.1 +7.1
FDRV Fidelity Electric Vehicles and Future Transportation ETF 5.9 39 30 -3.5 +0.4
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 5.8 72 -3 2.2 +6.1
DINT Davis Select International ETF 5.8 55 14 4.7 +8.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 5.8 38 31 8.3 +12.2
IDRV iShares Self-driving EV & Tech ETF 5.3 47 22 -0.5 +3.4
METV Roundhill Ball Metaverse ETF 5.2 59 10 3.3 +7.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 5.1 59 10 9.6 +13.5
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 5.1 47 22 0.6 +4.6
JHEM John Hancock Multifactor Emerging Markets ETF 5.0 49 20 8.4 +12.3
ERTH Invesco MSCI Sustainable Future ETF 5.0 62 7 3.7 +7.6
EMFQ Amplify Emerging Markets FinTech ETF 4.8 69 0 5.4 +9.3
RXI iShares Global Consumer Discretionary ETF 4.6 41 28 5.5 +9.5
AIQ Global X Artificial Intelligence & Technology ETF 4.6 68 1 4.1 +8.1
GBUY Goldman Sachs Future Consumer Equity ETF 4.6 75 -6 3.1 +7.0
DWLD Davis Select Worldwide ETF 4.5 63 6 5.6 +9.5
ETEC iShares Breakthrough Environmental Solutions ETF 4.5 47 22 5.3 +9.3
WRND IQ Global Equity R&D Leaders ETF 4.3 18 51 7.1 +11.1
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 3.8 18 51 7.9 +11.8
OGIG ALPS O'Shares Global Internet Giants ETF 3.7 48 21 0.4 +4.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.7 75 -6 3.2 +7.1
ANEW ProShares MSCI Transformational Changes ETF 3.5 45 24 3.3 +7.3
EDOC Global X Telemedicine & Digital Health ETF Registered 3.5 68 1 -5.4 -1.5
DFEV Dimensional Emerging Markets Value ETF 3.4 43 26 10.9 +14.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 3.2 30 39 8.6 +12.5
AVEM Avantis Emerging Markets Equity ETF 3.2 33 36 9.1 +13.1
IBUY Amplify Online Retail ETF 3.1 65 4 1.8 +5.7
JIG JPMorgan International Growth ETF 3.1 55 14 4.3 +8.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 3.1 40 29 7.2 +11.1
FDHT Fidelity Digital Health ETF 3.0 39 30 -2.4 +1.5
MRAD SmartETFs Advertising & Marketing Technology ETF 2.8 68 1 4.1 +8.0
CLNR IQ Cleaner Transport ETF 2.8 45 24 8.2 +12.2
ROAM Hartford Multifactor Emerging Markets ETF 2.7 44 25 11.8 +15.7
ACWX iShares MSCI ACWI ex U.S. ETF 2.7 34 35 6.7 +10.6
MOTG VanEck Morningstar Global Wide Moat ETF 2.6 52 17 5.8 +9.7
SDG iShares MSCI Global Sustainable Development Goals ETF 2.6 49 20 5.8 +9.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.6 41 28 6.6 +10.6
VEU Vanguard FTSE All-World ex-US Index Fund 2.6 8 61 7.2 +11.1
CWI SPDR MSCI ACWI ex-US ETF 2.6 30 39 6.8 +10.7
FLHK Franklin FTSE Hong Kong ETF 2.4 9 60 7.5 +11.5
NXTG First Trust Indxx NextG ETF 2.4 70 -1 6.0 +9.9
KOIN Capital Link Global Fintech Leaders ETF 2.4 75 -6 4.5 +8.5
IXUS iShares Core MSCI Total International Stock ETF 2.3 7 62 6.9 +10.8
VXUS Vanguard Total International Stock ETF 2.3 7 62 7.1 +11.1
WUGI AXS Esoterica NextG Economy ETF 2.2 75 -6 2.2 +6.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 2.2 42 27 6.8 +10.7
VSGX Vanguard ESG International Stock ETF 1.9 12 57 6.8 +10.8
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.6 61 8 -4.0 -0.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.6 50 19 10.6 +14.5
BWEB Bitwise Web3 ETF 1.4 85 -16 0.9 +4.8
KOCG FIS Knights of Columbus Global Belief ETF 1.4 75 -6 5.3 +9.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.4 60 9 10.0 +14.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.4 30 39 7.8 +11.7
MVPS Amplify Thematic All-Stars ETF 1.2 49 20 1.6 +5.6
UMMA Wahed Dow Jones Islamic World ETF 1.1 65 4 4.3 +8.2
SATO Invesco Alerian Galaxy Crypto Economy ETF 1.1 61 8 -12.9 -9.0
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.1 45 24 12.8 +16.7
GINN Goldman Sachs Innovate Equity ETF 1.0 52 17 2.7 +6.6
XT iShares Exponential Technologies ETF 1.0 46 23 3.8 +7.8
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.0 80 -11 14.2 +18.1
LUXX Roundhill S&P Global Luxury ETF 1.0 45 24 2.7 +6.6
IOO iShares Global 100 ETF 1.0 41 28 4.8 +8.7
HTEC ROBO Global Healthcare Technology and Innovation ETF 1.0 68 1 1.1 +5.0
ACWI iShares MSCI ACWI ETF 1.0 32 37 5.5 +9.4
VIDI Vident International Equity Strategy ETF 0.9 61 8 11.9 +15.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.9 9 60 5.7 +9.6
BUYZ Franklin Disruptive Commerce ETF 0.9 50 19 2.0 +6.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.9 12 57 5.0 +9.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.9 65 4 8.4 +12.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.9 20 49 5.6 +9.5
CGXU Capital Group International Focus Equity ETF 0.9 54 15 4.1 +8.1
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.9 75 -6 5.2 +9.1
VT Vanguard Total World Stock ETF 0.9 7 62 5.8 +9.7
FCLD Fidelity Cloud Computing ETF 0.9 39 30 2.3 +6.3
RODE Hartford Multifactor Diversified International ETF 0.9 29 40 11.5 +15.5
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.7 56 13 1.7 +5.6
DGT SPDR Global Dow ETF 0.6 50 19 6.6 +10.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.6 47 22 10.2 +14.2
KNCT Invesco Next Gen Connectivity ETF 0.6 40 29 5.9 +9.8
IQDF FlexShares International Quality Dividend Index Fund 0.6 47 22 10.7 +14.6
ECNS iShares MSCI China Small-Cap ETF 0.6 59 10 14.2 +18.2
IGPT Invesco AI and Next Gen Software ETF 0.6 60 9 3.8 +7.7
IQDE FlexShares International Quality Dividend Defensive Index ET 0.5 47 22 10.7 +14.6
AVES Avantis Emerging Markets Value ETF 0.5 36 33 12.2 +16.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.5 65 4 1.6 +5.5
IMFL Invesco International Developed Dynamic Multifactor ETF 0.4 34 35 10.6 +14.5
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 49 6.7 +10.6
JPIN J.P. Morgan Diversified Return International Equity ETF 0.4 37 32 8.7 +12.6
FPAG FPA Global Equity ETF 0.3 49 20 5.6 +9.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.3 25 44 7.0 +11.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.3 70 -1 11.4 +15.4
QINT American Century Quality Diversified International ETF 0.2 39 30 7.4 +11.3
IXN iShares Global Tech ETF 0.2 41 28 4.3 +8.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.2 20 49 10.7 +14.7
IGRO iShares International Dividend Growth ETF 0.2 15 54 7.1 +11.0
GLOF iShares Global Equity Factor ETF 0.2 20 49 7.0 +11.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.2 44 25 10.4 +14.3
OCEN IQ Clean Oceans ETF 0.1 45 24 5.3 +9.2
IDAT iShares Future Cloud 5G and Tech ETF 0.1 47 22 4.6 +8.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 24 8.5 +12.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -1 7.3 +11.2
VPL Vanguard FTSE Pacific ETF 0.1 8 61 6.9 +10.8
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 44 9.0 +13.0
VYMI Vanguard International High Dividend Yield ETF 0.1 22 47 9.7 +13.6
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 49 6.8 +10.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 45 8.5 +12.4
IQSI IQ Candriam International Equity ETF 0.0 15 54 6.4 +10.3
SCHF Schwab International Equity ETF 0.0 6 63 7.0 +10.9
VEA Vanguard FTSE Developed Markets ETF 0.0 5 64 7.0 +10.9
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 49 6.6 +10.6
BKIE BNY Mellon International Equity ETF 0.0 4 65 6.9 +10.8
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -20 4.7 +8.7

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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:

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 -5.6 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 69 bp
Equals: ALTAR Score -3.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.24 CATEGORY
AVERAGE		 1.39
 
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.