KraneShares CSI China Internet ETF
ALTAR
Score™		 25.7% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 7.1x P/Sales
ratio		 1.8x
P/BV
ratio		 1.5x Div.
yield		 0.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The KraneShares CSI China Internet ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the CSI Overseas China Internet Index. The index is designed to measure the performance of publicly traded China-based companies whose primary business or businesses are in the Internet and Internet-related sectors.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Krane Fund Advisors LLC
Website www.kraneshares.com
Inception date Jul 31, 2013
Assets (mns) $9,071
Currency USD
Expense ratio 69 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 29
Wgt avg mkt cap (mns) $174,452
Large cap (>$10bn) 73.4%
Mid cap ($2-10bn) 25.4%
Small cap (<$2bn) 1.2%
Developed mkts 20.0%
Emerging mkts 80.0%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 12.3 %
ALIBABA GROUP HOLDING LTD. 11.6 %
PINDUODUO, INC. SPONSORED ADR CLAS 6.7 %
TENCENT MUSIC ENTERTAINMENT GROUP 6.3 %
KANZHUN LTD. SPONSORED ADR 5.3 %
KUAISHOU TECHNOLOGY CLASS B 5.1 %
JD HEALTH INTERNATIONAL, INC. 5.1 %
TRIP.COM GROUP LTD. 5.0 %
NETEASE, INC 4.7 %
MEITUAN DIANPING 4.1 %
Total 66.2 %

TOP COUNTRY EXPOSURE
CHINA 96.6 %
HONG KONG 2.6 %









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.
36.6% 28.3% -8.8% 2.8% 5.1%

Market Correlations
versus... Beta R-squared
S&P500 1.11 11%
MSCI EAFE 1.67 33%
MSCI Emg. Mkts. 2.03 57%

Technical Indicators
Recent close $37.74
30d moving avg. $39.35
Annualized volatility 42.9%
Short interest (ETF) 15.3%
Relative strength (RSI) 41

Liquidity measures
Avg. volume (thou.) 19,791
Turnover 8.2%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $3,254

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 202 potential alternatives to the KraneShares CSI China Internet ETF ETF based on the alternatives' overlap in portfolio holdings with KWEB. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: KWEB Expense: 69 bp ALTAR Score™: 25.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH KWEB
Ticker Fund
Name		 Overlap1
vs KWEB
(%)		 Expense
ratio
(bp)		 Savings
vs KWEB
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs KWEB
(%)
KTEC KraneShares Hang Seng TECH Index ETF 52.7 69 0 19.8 -5.8
FDNI First Trust Dow Jones International Internet ETF 45.8 65 4 22.8 -2.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 44.3 86 -17 14.3 -11.4
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 40.9 60 9 10.3 -15.3
TCHI iShares MSCI China Multisector Tech ETF 39.9 59 10 17.1 -8.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 38.8 32 37 13.6 -12.1
FLCH Franklin FTSE China ETF 37.9 19 50 15.4 -10.3
MCHI iShares MSCI China ETF 37.5 59 10 16.6 -9.0
FXI iShares China Large-Cap ETF 37.2 74 -5 16.6 -9.1
MCH Matthews China Active ETF 36.7 79 -10 14.0 -11.6
CQQQ Invesco China Technology ETF 35.9 70 -1 15.5 -10.2
JCHI JPMorgan Active China ETF 34.9 65 4 14.3 -11.3
CHIQ Global X MSCI China Consumer Discretionary ETF 34.2 65 4 14.4 -11.3
GXC SPDR S & P China ETF 33.2 59 10 15.7 -10.0
KALL KraneShares MSCI All China Index ETF 31.6 49 20 12.7 -13.0
AIA iShares Asia 50 ETF 27.2 50 19 12.7 -12.9
CGRO CoreValues Alpha Greater China Growth ETF 24.9 75 -6 3.6 -22.1
BKF iShares MSCI BIC ETF 24.7 69 0 13.0 -12.7
MINV Matthews Asia Innovators Active ETF 23.6 79 -10 7.1 -18.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 22.0 20 49 9.8 -15.9
SOCL Global X Social Media ETF 20.9 65 4 11.0 -14.6
PGJ Invesco Golden Dragon China ETF 20.8 70 -1 13.9 -11.8
EMC Global X Emerging Markets Great Consumer ETF 16.4 75 -6 7.5 -18.1
LDEM iShares ESG MSCI EM Leaders ETF 16.1 17 52 13.9 -11.8
FLAX Franklin FTSE Asia Ex Japan ETF 15.5 19 50 8.4 -17.2
BNGE First Trust S-Network Streaming and Gaming ETF 15.5 70 -1 2.8 -22.9
ECON Columbia Emerging Markets Consumer ETF 15.5 49 20 11.7 -13.9
EEMA iShares MSCI Emerging Markets Asia ETF 15.1 49 20 9.1 -16.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 14.2 70 -1 8.4 -17.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 14.2 66 3 8.9 -16.8
GMF SPDR S&P Emerging Asia Pacific ETF 14.0 49 20 9.4 -16.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 13.9 33 36 9.3 -16.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 13.8 15 54 7.5 -18.2
MEM Matthews Emerging Markets Equity Active ETF 13.4 79 -10 7.4 -18.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 13.4 36 33 9.1 -16.6
FDEM Fidelity Emerging Markets Multifactor ETF 13.3 25 44 12.1 -13.6
SCHE Schwab Emerging Markets Equity ETF 13.2 11 58 10.5 -15.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 13.2 15 54 9.6 -16.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 13.2 30 39 9.8 -15.8
BKEM BNY Mellon Emerging Markets Equity ETF 13.1 11 58 9.3 -16.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 13.0 45 24 9.6 -16.1
PXH Invesco FTSE RAFI Emerging Markets ETF 12.9 49 20 14.8 -10.8
ISHP First Trust Nasdaq Retail ETF 12.4 60 9 5.7 -20.0
EEM iShares MSCI Emerging Markets ETF 12.3 69 0 9.5 -16.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 12.3 32 37 8.4 -17.2
JHEM John Hancock Multifactor Emerging Markets ETF 12.1 49 20 9.4 -16.2
VWO Vanguard FTSE Emerging Markets ETF 12.0 7 62 10.1 -15.5
ESGE iShares ESG Aware MSCI EM ETF 11.7 25 44 9.3 -16.3
EMGF iShares Emerging Markets Equity Factor ETF 11.5 25 44 10.8 -14.9
DEHP Dimensional Emerging Markets High Profitability ETF 11.5 41 28 6.4 -19.3
SPEM SPDR Portfolio Emerging Markets ETF 11.4 7 62 10.4 -15.3
EEMO Invesco S&P Emerging Markets Momentum ETF 10.6 29 40 7.6 -18.1
IEMG iShares Core MSCI Emerging Markets ETF 10.5 9 60 9.8 -15.9
ODDS Pacer BlueStar Digital Entertainment ETF 10.5 60 9 2.8 -22.9
ESPO VanEck Video Gaming and eSports ETF 10.4 56 13 5.3 -20.4
IVRS iShares Future Metaverse Tech and Communications ETF 10.4 47 22 3.2 -22.4
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 10.3 75 -6 3.6 -22.1
NUEM Nuveen ESG Emerging Markets Equity ETF 10.0 36 33 7.3 -18.4
JADE JPMorgan Active Developing Markets Equity ETF 10.0 65 4 7.7 -17.9
EBIZ Global X E-Commerce ETF 9.8 50 19 4.2 -21.5
DFAE Dimensional Emerging Core Equity Market ETF 8.9 35 34 8.6 -17.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 8.9 41 28 8.2 -17.5
MOTI VanEck Morningstar International Moat ETF 8.9 58 11 10.8 -14.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 8.8 39 30 15.4 -10.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 8.6 59 10 8.6 -17.1
CHAT Roundhill Generative AI & Technology ETF 8.6 75 -6 8.0 -17.7
EVLU iShares MSCI Emerging Markets Value Factor ETF 8.0 35 34 16.3 -9.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 8.0 40 29 6.7 -19.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 7.8 95 -26 11.0 -14.7
PATN Pacer Nasdaq International Patent Leaders ETF 7.6 65 4 5.4 -20.2
OND ProShares On-Demand ETF 7.4 58 11 -0.5 -26.2
AVEM Avantis Emerging Markets Equity ETF 7.2 33 36 8.2 -17.4
MOTG VanEck Morningstar Global Wide Moat ETF 7.2 52 17 8.9 -16.8
FMET Fidelity Metaverse ETF 7.2 39 30 4.8 -20.8
FDHT Fidelity Digital Health ETF 7.2 39 30 1.5 -24.1
DINT Davis Select International ETF 7.1 55 14 7.8 -17.9
DRGN Themes China Generative Artificial Intelligence ETF 7.0 39 30 10.9 -14.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 7.0 38 31 8.6 -17.1
AVSE Avantis Responsible Emerging Markets Equity ETF 6.9 33 36 7.9 -17.7
OGIG ALPS O'Shares Global Internet Giants ETF 6.8 48 21 2.3 -23.3
CDIG City Different Investments Global Equity ETF 6.7 75 -6 0.0 -25.7
IXP iShares Global Comm Services ETF 6.5 42 27 5.8 -19.9
RXI iShares Global Consumer Discretionary ETF 6.5 41 28 8.3 -17.3
GTEK Goldman Sachs Future Tech Leaders Equity ETF 6.1 75 -6 3.0 -22.7
EMXF iShares ESG Advanced MSCI EM ETF 5.9 16 53 8.0 -17.7
IBUY Amplify Online Retail ETF 5.8 65 4 2.7 -23.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 5.7 30 39 9.1 -16.6
IPKW Invesco International BuyBack Achievers ETF 5.3 55 14 8.9 -16.8
ARVR First Trust Indxx Metaverse ETF 5.3 70 -1 4.2 -21.5
ANEW ProShares MSCI Transformational Changes ETF 5.3 45 24 5.2 -20.4
METV Roundhill Ball Metaverse ETF 5.3 59 10 9.4 -16.3
FDCF Fidelity Disruptive Communications ETF 5.2 50 19 4.3 -21.4
JIG JPMorgan International Growth ETF 5.0 55 14 4.8 -20.9
WRND IQ Global Equity R&D Leaders ETF 4.8 18 51 7.6 -18.1
DWLD Davis Select Worldwide ETF 4.7 63 6 7.2 -18.4
FCA First Trust China AlphaDEX Fund 4.6 80 -11 9.0 -16.7
IBLC iShares Blockchain and Tech ETF 4.1 47 22 -1.7 -27.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.1 41 28 7.1 -18.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 4.0 18 51 7.3 -18.4
IVES Wedbush ETFMG Global Cloud Technology ETF 3.9 68 1 6.2 -19.5
AIQ Global X Artificial Intelligence & Technology ETF 3.9 68 1 3.7 -21.9
ACWX iShares MSCI ACWI ex U.S. ETF 3.8 34 35 7.4 -18.3
CWI SPDR MSCI ACWI ex-US ETF 3.8 30 39 7.5 -18.1
VEU Vanguard FTSE All-World ex-US Index Fund 3.6 4 65 7.7 -17.9
ECNS iShares MSCI China Small-Cap ETF 3.6 59 10 9.2 -16.5
VXUS Vanguard Total International Stock ETF 3.4 5 64 7.7 -18.0
GPT Intelligent Alpha Atlas ETF 3.4 69 0 5.7 -20.0
DSTX Distillate International Fundamental Stability & Value ETF 3.4 55 14 7.6 -18.1
IXUS iShares Core MSCI Total International Stock ETF 3.3 7 62 7.6 -18.1
GGME Invesco Next Gen Media and Gaming ETF 3.3 60 9 4.9 -20.8
DFEV Dimensional Emerging Markets Value ETF 3.3 43 26 11.9 -13.7
HTEC ROBO Global Healthcare Technology and Innovation ETF 3.2 68 1 2.1 -23.6
FPXI First Trust International Equity Opportunities ETF 3.1 70 -1 4.4 -21.3
TTAI FCF International Quality ETF 2.9 59 10 7.3 -18.4
ONLN ProShares Online Retail ETF 2.8 58 11 2.5 -23.2
WUGI AXS Esoterica NextG Economy ETF 2.8 75 -6 2.4 -23.3
GINN Goldman Sachs Innovate Equity ETF 2.7 52 17 3.7 -22.0
RNEM First Trust Emerging Markets Equity Select ETF 2.7 75 -6 8.4 -17.3
TIIV AAM Todd International Intrinsic Value ETF 2.6 54 15 11.3 -14.3
HEAL Global X HealthTech ETF 2.6 50 19 -0.6 -26.3
XNTK State Street SPDR NYSE Technology ETF 2.6 35 34 3.8 -21.9
VSGX Vanguard ESG International Stock ETF 2.6 10 59 7.5 -18.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.5 50 19 10.3 -15.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.5 70 -1 11.9 -13.8
BUYZ Franklin Disruptive Commerce ETF 2.3 50 19 2.7 -23.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.3 60 9 7.9 -17.8
AADR AdvisorShares Dorsey Wright ADR ETF 2.2 110 -41 4.8 -20.9
FEOE First Eagle Overseas Equity ETF 2.1 79 -10 7.1 -18.6
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.1 57 12 4.1 -21.5
ROAM Hartford Multifactor Emerging Markets ETF 1.9 44 25 11.1 -14.5
CGXU Capital Group International Focus Equity ETF 1.9 54 15 5.6 -20.1
AIVC Amplify Bloomberg AI Value Chain ETF 1.9 59 10 6.0 -19.7
AWAY ETFMG Travel Tech ETF 1.9 76 -7 -0.1 -25.7
FDTX Fidelity Disruptive Technology ETF 1.9 50 19 2.7 -23.0
HERO Global X Video Games & Esports ETF 1.9 50 19 4.5 -21.1
NERD Roundhill Video Games ETF 1.9 50 19 6.6 -19.1
AVES Avantis Emerging Markets Value ETF 1.8 36 33 10.8 -14.9
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.8 20 49 4.8 -20.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.8 30 39 7.5 -18.1
KLMT Invesco MSCI Global Climate 500 ETF 1.7 10 59 5.6 -20.0
UMMA Wahed Dow Jones Islamic World ETF 1.7 65 4 4.8 -20.8
OAIM OneAscent International Equity ETF 1.6 95 -26 5.5 -20.2
HUMN Roundhill Humanoid Robotics ETF 1.6 75 -6 2.0 -23.7
JIVE JPMorgan International Value ETF 1.6 55 14 10.9 -14.8
AVEE Avantis Emerging Markets Small Cap Equity ETF 1.5 42 27 9.7 -16.0
XT iShares Exponential Technologies ETF 1.5 46 23 4.7 -21.0
EMMF WisdomTree Emerging Markets Multifactor Fund 1.5 48 21 7.0 -18.6
FEGE First Eagle Global Equity ETF 1.4 79 -10 6.5 -19.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.4 20 49 5.5 -20.1
BWEB Bitwise Web3 ETF 1.4 85 -16 0.0 -25.6
FEM First Trust Emerging Markets AlphaDEX Fund 1.4 80 -11 11.5 -14.2
IOO iShares Global 100 ETF 1.4 41 28 4.5 -21.1
ACWI iShares MSCI ACWI ETF 1.4 32 37 5.4 -20.3
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 1.3 20 49 2.9 -22.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.3 9 60 5.6 -20.1
APIE ActivePassive International Equity ETF 1.3 45 24 7.2 -18.5
IQDF FlexShares International Quality Dividend Index Fund 1.3 47 22 8.5 -17.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.3 35 34 4.2 -21.5
KOCG FIS Knights of Columbus Global Belief ETF 1.2 75 -6 4.9 -20.8
VT Vanguard Total World Stock ETF 1.2 6 63 5.7 -19.9
CGIE Capital Group International Equity ETF 1.2 54 15 5.0 -20.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.1 12 57 5.2 -20.5
WFH Direxion Work From Home ETF 1.1 45 24 3.7 -21.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.0 47 22 7.9 -17.8
NBCC Neuberger Berman Next Generation Connected Consumer ETF 1.0 56 13 2.8 -22.8
QQQS Invesco NASDAQ Future Gen 200 ETF 0.9 20 49 -4.5 -30.1
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 0.9 58 11 4.6 -21.1
DGT State Street SPDR Global Dow ETF 0.8 50 19 6.6 -19.1
JSTC Adasina Social Justice All Cap Global ETF 0.8 89 -20 5.1 -20.6
GLOF iShares Global Equity Factor ETF 0.8 20 49 6.7 -19.0
GEW Cambria Global EW ETF 0.8 29 40 0.0 -25.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 4 8.2 -17.5
SDG iShares MSCI Global Sustainable Development Goals ETF 0.6 49 20 5.0 -20.7
IGPT Invesco AI and Next Gen Software ETF 0.6 60 9 4.5 -21.2
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.6 80 -11 9.6 -16.1
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.6 90 -21 4.9 -20.8
QQQ Invesco QQQ Trust Series I 0.5 20 49 4.2 -21.5
JETS U.S. Global Jets ETF 0.5 60 9 3.2 -22.4
QQQM Invesco NASDAQ 100 ETF 0.5 15 54 4.2 -21.4
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.4 65 4 2.0 -23.7
YNOT Horizon Digital Frontier ETF 0.4 75 -6 3.1 -22.5
TRFM AAM Transformers ETF 0.4 49 20 1.3 -24.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.4 25 44 6.4 -19.2
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.4 49 20 3.8 -21.8
FBCG Fidelity Blue Chip Growth ETF 0.4 59 10 3.0 -22.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 48 3.8 -21.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.4 70 -1 7.6 -18.1
SPYA Twin Oak Endure ETF 0.3 80 -11 -0.4 -26.1
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 49 4.2 -21.4
INTF iShares International Equity Factor ETF 0.3 15 54 7.3 -18.3
PNQI Invesco NASDAQ Internet ETF 0.2 60 9 3.7 -22.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 30 5.7 -19.9
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 49 5.9 -19.8
CVY Invesco Zacks Multi-Asset Income ETF 0.2 106 -37 11.9 -13.8
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.1 50 19 5.7 -19.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 20 6.9 -18.8
VYMI Vanguard International High Dividend Yield ETF 0.0 17 52 9.1 -16.6
IQSI IQ Candriam International Equity ETF 0.0 15 54 6.2 -19.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 24 8.4 -17.3
BKIE BNY Mellon International Equity ETF 0.0 4 65 6.7 -19.0
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 49 6.6 -19.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 30 6.3 -19.3

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 CSI China Internet 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 32.1 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 25.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.44 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.