KraneShares CSI China Internet ETF
ALTAR
Score™		 -1.4% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 12.6x P/Sales
ratio		 1.5x
P/BV
ratio		 1.6x Div.
yield		 0.4%


  • 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) $6,882
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 33
Wgt avg mkt cap (mns) $117,050
Large cap (>$10bn) 72.1%
Mid cap ($2-10bn) 26.7%
Small cap (<$2bn) 1.1%
Developed mkts 23.0%
Emerging mkts 77.1%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 10.4 %
ALIBABA GROUP HOLDING LTD. 9.7 %
PINDUODUO, INC. SPONSORED ADR CLAS 8.2 %
MEITUAN DIANPING 7.4 %
JD.COM, INC. CLASS A 5.8 %
NETEASE, INC 4.5 %
TENCENT MUSIC ENTERTAINMENT GROUP 4.3 %
BAIDU, INC. CLASS A 4.0 %
KE HOLDINGS, INC. SPONSORED ADR CL 3.9 %
FULL TRUCK ALLIANCE CO LTD ADR 3.9 %
Total 62.0 %

TOP COUNTRY EXPOSURE
CHINA 93.6 %
HONG KONG 1.9 %









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.
15.2% 21.5% -5.4% -0.2% 3.0%

Market Correlations
versus... Beta R-squared
S&P500 0.38 2%
MSCI EAFE 1.00 13%
MSCI Emg. Mkts. 2.12 57%

Technical Indicators
Recent close $31.20
30d moving avg. $33.19
Annualized volatility 48.8%
Short interest (ETF) 23.6%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 19,957
Turnover 9.1%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $4,596

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 198 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™: -1.4%


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 56.1 69 0 -3.6 -2.3
FDNI First Trust Dow Jones International Internet ETF 44.8 65 4 2.1 +3.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 43.2 32 37 6.1 +7.4
FXI iShares China Large-Cap ETF 40.5 74 -5 8.2 +9.5
TCHI iShares MSCI China Multisector Tech ETF 39.0 59 10 1.9 +3.2
CGRO CoreValues Alpha Greater China Growth ETF 38.9 75 -6 2.0 +3.3
CQQQ Invesco China Technology ETF 38.7 70 -1 -7.9 -6.6
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 38.5 86 -17 1.6 +3.0
MCHI iShares MSCI China ETF 37.3 59 10 8.4 +9.7
MCH Matthews China Active ETF 37.2 79 -10 5.4 +6.7
CHIQ Global X MSCI China Consumer Discretionary ETF 37.1 65 4 5.9 +7.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 36.0 60 9 0.5 +1.8
FLCH Franklin FTSE China ETF 35.6 19 50 8.8 +10.2
GXC SPDR S&P China ETF 32.2 59 10 8.3 +9.7
KALL KraneShares MSCI All China Index ETF 27.0 49 20 9.0 +10.4
JCHI JPMorgan Active China ETF 26.3 65 4 8.0 +9.3
AIA iShares Asia 50 ETF 25.8 50 19 6.6 +8.0
BKF iShares MSCI BIC ETF 21.4 69 0 6.9 +8.3
PGJ Invesco Golden Dragon China ETF 20.1 70 -1 4.9 +6.3
SOCL Global X Social Media ETF 18.0 65 4 -6.4 -5.0
MINV Matthews Asia Innovators Active ETF 15.3 79 -10 3.0 +4.3
EEMA iShares MSCI Emerging Markets Asia ETF 14.1 49 20 6.5 +7.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 14.0 20 49 6.8 +8.1
LDEM iShares ESG MSCI EM Leaders ETF 13.8 17 52 7.6 +9.0
EQLT iShares MSCI Emerging Markets Quality Factor ETF 13.3 35 34 7.4 +8.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 13.0 70 -1 6.2 +7.5
SCHE Schwab Emerging Markets Equity ETF 12.5 11 58 7.1 +8.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 12.5 30 39 7.3 +8.6
PXH Invesco FTSE RAFI Emerging Markets ETF 12.2 49 20 12.2 +13.6
GMF SPDR S&P Emerging Asia Pacific ETF 12.1 49 20 6.1 +7.5
OND ProShares On-Demand ETF 12.0 58 11 -2.2 -0.8
IVRS iShares Future Metaverse Tech and Communications ETF 12.0 47 22 -4.9 -3.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 11.7 32 37 6.2 +7.6
MEM Matthews Emerging Markets Equity Active ETF 11.5 79 -10 5.4 +6.8
EEM iShares MSCI Emerging Markets ETF 11.3 69 0 6.9 +8.2
FLAX Franklin FTSE Asia Ex Japan ETF 11.0 19 50 6.9 +8.2
EMGF iShares Emerging Markets Equity Factor ETF 10.6 25 44 8.5 +9.8
ESGE iShares ESG Aware MSCI EM ETF 10.6 25 44 7.1 +8.5
VWO Vanguard FTSE Emerging Markets ETF 10.6 8 61 6.9 +8.3
EMC Global X Emerging Markets Great Consumer ETF 10.5 75 -6 4.5 +5.9
BNGE First Trust S-Network Streaming and Gaming ETF 10.0 70 -1 -3.5 -2.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 9.9 66 3 10.0 +11.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 9.8 33 36 8.2 +9.6
IEMG iShares Core MSCI Emerging Markets ETF 9.7 9 60 7.5 +8.8
DINT Davis Select International ETF 9.7 55 14 6.0 +7.4
SPEM SPDR Portfolio Emerging Markets ETF 9.7 7 62 7.3 +8.7
DEHP Dimensional Emerging Markets High Profitability ETF 9.6 41 28 5.0 +6.3
ODDS Pacer BlueStar Digital Entertainment ETF 9.6 60 9 2.3 +3.6
ESPO VanEck Video Gaming and eSports ETF 9.6 56 13 3.5 +4.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 9.4 15 54 7.2 +8.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 9.4 15 54 10.2 +11.6
EMFQ Amplify Emerging Markets FinTech ETF 9.2 69 0 5.3 +6.6
FDEM Fidelity Emerging Markets Multifactor ETF 9.2 25 44 12.3 +13.7
ISHP First Trust Nasdaq Retail ETF 9.1 60 9 2.9 +4.2
BKEM BNY Mellon Emerging Markets Equity ETF 8.9 11 58 8.4 +9.7
DFAE Dimensional Emerging Core Equity Market ETF 8.8 35 34 7.3 +8.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 8.7 36 33 7.8 +9.2
DSTX Distillate International Fundamental Stability & Value ETF 8.6 55 14 8.0 +9.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 8.6 45 24 11.0 +12.3
EBIZ Global X E-Commerce ETF 8.4 50 19 2.1 +3.4
ONLN ProShares Online Retail ETF 8.2 58 11 3.3 +4.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 8.1 39 30 12.5 +13.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 8.0 35 34 12.4 +13.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 7.9 41 28 7.4 +8.8
JHEM John Hancock Multifactor Emerging Markets ETF 7.8 49 20 8.2 +9.5
PATN Pacer Nasdaq International Patent Leaders ETF 7.7 65 4 6.5 +7.8
EMXF iShares ESG Advanced MSCI EM ETF 7.6 16 53 6.8 +8.2
MOTI VanEck Morningstar International Moat ETF 7.5 58 11 5.9 +7.2
DWLD Davis Select Worldwide ETF 7.4 63 6 6.7 +8.1
NUEM Nuveen ESG Emerging Markets Equity ETF 7.2 36 33 6.5 +7.8
FMET Fidelity Metaverse ETF 7.2 39 30 5.4 +6.8
ECON Columbia Emerging Markets Consumer ETF 7.0 49 20 7.3 +8.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 6.7 95 -26 10.5 +11.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 6.5 38 31 7.8 +9.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 6.4 59 10 11.3 +12.6
RXI iShares Global Consumer Discretionary ETF 6.3 41 28 5.4 +6.7
IXP iShares Global Comm Services ETF 6.2 42 27 5.1 +6.4
CHAT Roundhill Generative AI & Technology ETF 6.1 75 -6 3.8 +5.2
ARVR First Trust Indxx Metaverse ETF 5.8 70 -1 0.8 +2.2
GBUY Goldman Sachs Future Consumer Equity ETF 5.6 75 -6 3.3 +4.7
FDCF Fidelity Disruptive Communications ETF 5.3 50 19 2.6 +3.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 5.3 40 29 8.3 +9.6
AVEM Avantis Emerging Markets Equity ETF 5.1 33 36 8.9 +10.2
IBUY Amplify Online Retail ETF 5.1 65 4 1.4 +2.7
OGIG ALPS O'Shares Global Internet Giants ETF 5.0 48 21 1.9 +3.3
AIQ Global X Artificial Intelligence & Technology ETF 5.0 68 1 4.0 +5.3
EDOC Global X Telemedicine & Digital Health ETF Registered 4.9 68 1 -4.1 -2.7
AADR AdvisorShares Dorsey Wright ADR ETF 4.9 110 -41 5.6 +6.9
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 4.8 18 51 6.8 +8.2
LIVR Intelligent Livermore ETF 4.8 69 0 6.0 +7.4
JIG JPMorgan International Growth ETF 4.7 55 14 4.6 +6.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 4.6 30 39 8.1 +9.5
ANEW ProShares MSCI Transformational Changes ETF 4.5 45 24 3.6 +4.9
IPKW Invesco International BuyBack Achievers ETF 4.2 55 14 11.0 +12.4
WUGI AXS Esoterica NextG Economy ETF 4.2 75 -6 2.5 +3.9
METV Roundhill Ball Metaverse ETF 4.1 59 10 3.4 +4.7
MRAD SmartETFs Advertising & Marketing Technology ETF 4.1 68 1 5.5 +6.9
FEM First Trust Emerging Markets AlphaDEX Fund 3.9 80 -11 13.0 +14.4
PTEC Global X PropTech ETF 3.9 50 19 1.6 +2.9
BUYZ Franklin Disruptive Commerce ETF 3.8 50 19 1.8 +3.2
WRND IQ Global Equity R&D Leaders ETF 3.7 18 51 7.5 +8.9
ECNS iShares MSCI China Small-Cap ETF 3.6 59 10 14.2 +15.5
ACWX iShares MSCI ACWI ex U.S. ETF 3.4 34 35 7.0 +8.3
CWI SPDR MSCI ACWI ex-US ETF 3.4 30 39 6.9 +8.3
VEU Vanguard FTSE All-World ex-US Index Fund 3.3 8 61 7.3 +8.6
DFEV Dimensional Emerging Markets Value ETF 3.2 43 26 11.1 +12.4
MOTG VanEck Morningstar Global Wide Moat ETF 3.2 52 17 5.6 +7.0
WISE Themes Generative Artificial Intelligence ETF 3.2 35 34 0.5 +1.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 3.0 75 -6 2.9 +4.2
VXUS Vanguard Total International Stock ETF 3.0 7 62 7.2 +8.5
IXUS iShares Core MSCI Total International Stock ETF 3.0 7 62 7.2 +8.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 2.8 42 27 8.1 +9.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.8 41 28 7.4 +8.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.8 18 51 7.0 +8.4
RNEM First Trust Emerging Markets Equity Select ETF 2.8 75 -6 7.6 +8.9
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.7 57 12 5.9 +7.2
IBLC iShares Blockchain and Tech ETF 2.6 47 22 -1.7 -0.3
TTAI FCF International Quality ETF 2.6 59 10 5.6 +7.0
FDHT Fidelity Digital Health ETF 2.6 39 30 -2.3 -1.0
UMMA Wahed Dow Jones Islamic World ETF 2.5 65 4 4.6 +5.9
VSGX Vanguard ESG International Stock ETF 2.5 12 57 6.8 +8.1
IQDE FlexShares International Quality Dividend Defensive Index ET 2.4 47 22 14.8 +16.2
AVES Avantis Emerging Markets Value ETF 2.3 36 33 11.6 +12.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.2 50 19 13.0 +14.3
QNXT iShares Nasdaq-100 ex Top 30 ETF 2.1 20 49 5.2 +6.5
GGME Invesco Next Gen Media and Gaming ETF 2.0 60 9 3.5 +4.9
CGXU Capital Group International Focus Equity ETF 1.9 54 15 4.9 +6.2
XNTK SPDR NYSE Technology ETF 1.8 35 34 4.2 +5.5
GINN Goldman Sachs Innovate Equity ETF 1.8 52 17 2.8 +4.1
IVES Wedbush ETFMG Global Cloud Technology ETF 1.8 68 1 5.8 +7.1
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.8 60 9 9.8 +11.2
AIVC Amplify Bloomberg AI Value Chain ETF 1.7 59 10 5.8 +7.2
AWAY ETFMG Travel Tech ETF 1.7 76 -7 -5.2 -3.9
KOCG FIS Knights of Columbus Global Belief ETF 1.6 75 -6 5.0 +6.4
FCA First Trust China AlphaDEX Fund 1.5 80 -11 16.2 +17.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.5 30 39 8.0 +9.3
KLMT Invesco MSCI Global Climate 500 ETF 1.4 10 59 5.4 +6.8
BWEB Bitwise Web3 ETF 1.4 85 -16 0.7 +2.1
FDTX Fidelity Disruptive Technology ETF 1.4 50 19 2.8 +4.1
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.4 75 -6 4.6 +5.9
BIGFX Baron International Growth Retail 1.3 75 -6 3.1 +4.5
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.3 61 8 1.2 +2.6
OAIM OneAscent International Equity ETF 1.2 95 -26 5.1 +6.5
ACWI iShares MSCI ACWI ETF 1.2 32 37 5.3 +6.6
IOO iShares Global 100 ETF 1.1 41 28 4.8 +6.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.1 58 11 5.0 +6.4
ROAM Hartford Multifactor Emerging Markets ETF 1.1 44 25 15.8 +17.1
CGIE Capital Group International Equity ETF 1.1 54 15 4.9 +6.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.1 9 60 5.4 +6.7
HTEC ROBO Global Healthcare Technology and Innovation ETF 1.1 68 1 -0.1 +1.2
VT Vanguard Total World Stock ETF 1.1 7 62 5.5 +6.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.1 12 57 4.8 +6.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.1 20 49 5.2 +6.5
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.0 70 -1 9.2 +10.5
NBCC Neuberger Berman Next Generation Connected Consumer ETF 1.0 56 13 1.1 +2.5
MVPS Amplify Thematic All-Stars ETF 1.0 49 20 2.7 +4.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.9 35 34 4.6 +5.9
DGT SPDR Global Dow ETF 0.9 50 19 6.8 +8.1
TRFM AAM Transformers ETF 0.9 49 20 2.0 +3.3
APIE ActivePassive International Equity ETF 0.9 45 24 8.1 +9.5
WFH Direxion Work From Home ETF 0.9 45 24 6.0 +7.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.8 47 22 9.4 +10.7
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.8 65 4 8.2 +9.5
QINT American Century Quality Diversified International ETF 0.8 39 30 7.7 +9.1
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.7 61 8 -2.4 -1.1
IQDF FlexShares International Quality Dividend Index Fund 0.7 47 22 12.9 +14.2
VIDI Vident International Equity Strategy ETF 0.6 61 8 10.2 +11.6
JFWD Jacob Forward ETF 0.6 75 -6 0.0 +1.4
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.6 80 -11 12.3 +13.6
QQQS Invesco NASDAQ Future Gen 200 ETF 0.5 20 49 -10.7 -9.4
GINX SGI Enhanced Global Income ETF 0.5 98 -29 5.6 +7.0
QQQ Invesco QQQ Trust Series I 0.5 20 49 4.5 +5.9
QQQM Invesco NASDAQ 100 ETF 0.5 15 54 4.6 +5.9
KOMP SPDR S&P Kensho New Economies Composite ETF 0.5 20 49 1.0 +2.4
IGPT Invesco AI and Next Gen Software ETF 0.5 60 9 3.8 +5.1
CVY Invesco Zacks Multi-Asset Income ETF 0.5 106 -37 9.8 +11.1
JETS U.S. Global Jets ETF 0.5 60 9 -13.3 -11.9
GLOF iShares Global Equity Factor ETF 0.4 20 49 7.0 +8.4
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.4 65 4 0.2 +1.6
EEMO Invesco S&P Emerging Markets Momentum ETF 0.4 29 40 5.5 +6.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.4 70 -1 7.7 +9.1
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -20 4.9 +6.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 48 3.8 +5.1
XT iShares Exponential Technologies ETF 0.4 46 23 4.8 +6.1
FBCG Fidelity Blue Chip Growth ETF 0.3 59 10 2.8 +4.2
FPAG FPA Global Equity ETF 0.3 49 20 5.4 +6.8
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 49 4.7 +6.1
OCEN IQ Clean Oceans ETF 0.3 45 24 6.1 +7.4
PNQI Invesco NASDAQ Internet ETF 0.2 60 9 2.3 +3.6
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.2 50 19 5.7 +7.1
EWX SPDR S&P Emerging Markets Small Cap ETF 0.2 65 4 8.2 +9.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.1 44 25 10.6 +12.0
VYMI Vanguard International High Dividend Yield ETF 0.0 22 47 9.8 +11.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 30 7.2 +8.6
IQSI IQ Candriam International Equity ETF 0.0 15 54 6.6 +8.0
BKIE BNY Mellon International Equity ETF 0.0 4 65 7.1 +8.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 49 7.0 +8.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 30 7.5 +8.9

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 CSI China Internet 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 -1.0 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 69 bp
Equals: ALTAR Score -1.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.30 CATEGORY
AVERAGE		 1.48
 
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.