KraneShares CSI China Internet ETF
ALTAR
Score™		 25.1% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 5.7x P/Sales
ratio		 1.8x
P/BV
ratio		 1.5x Div.
yield		 0.6%


  • 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) $8,221
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 30
Wgt avg mkt cap (mns) $124,662
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
ALIBABA GROUP HOLDING LTD. 12.4 %
TENCENT HOLDINGS LTD 10.9 %
MEITUAN DIANPING 7.3 %
PINDUODUO, INC. SPONSORED ADR CLAS 6.5 %
TRIP.COM GROUP LTD. 4.5 %
KUAISHOU TECHNOLOGY CLASS B 4.5 %
KANZHUN LTD. SPONSORED ADR 3.9 %
KE HOLDINGS, INC. SPONSORED ADR CL 3.9 %
JD.COM, INC. CLASS A 3.8 %
FULL TRUCK ALLIANCE CO LTD ADR 3.7 %
Total 61.4 %

TOP COUNTRY EXPOSURE
CHINA 92.9 %
HONG KONG 2.2 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
21.2% 38.3% -9.7% 1.7% 4.2%

Market Correlations
versus... Beta R-squared
S&P500 0.85 8%
MSCI EAFE 1.56 30%
MSCI Emg. Mkts. 2.32 70%

Technical Indicators
Recent close $37.53
30d moving avg. $36.19
Annualized volatility 46.2%
Short interest (ETF) 12.2%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 17,971
Turnover 8.2%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $3,254

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 195 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™: 25.1%


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 52.5 69 0 19.3 -5.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 45.4 86 -17 13.6 -11.5
FDNI First Trust Dow Jones International Internet ETF 44.1 65 4 21.3 -3.8
TCHI iShares MSCI China Multisector Tech ETF 39.6 59 10 16.6 -8.4
FXI iShares China Large-Cap ETF 39.0 74 -5 18.7 -6.3
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 38.8 60 9 11.1 -14.0
MCH Matthews China Active ETF 38.8 79 -10 14.3 -10.8
CQQQ Invesco China Technology ETF 38.8 70 -1 12.2 -12.9
CXSE WisdomTree China ex-State-Owned Enterprises Fund 38.7 32 37 16.1 -9.0
FLCH Franklin FTSE China ETF 38.5 19 50 16.0 -9.1
MCHI iShares MSCI China ETF 35.5 59 10 17.7 -7.4
CHIQ Global X MSCI China Consumer Discretionary ETF 35.0 65 4 16.2 -8.9
JCHI JPMorgan Active China ETF 35.0 65 4 15.5 -9.6
KALL KraneShares MSCI All China Index ETF 31.8 49 20 14.9 -10.2
GXC SPDR S&P China ETF 30.5 59 10 15.4 -9.6
CGRO CoreValues Alpha Greater China Growth ETF 27.1 75 -6 4.5 -20.6
AIA iShares Asia 50 ETF 24.7 50 19 12.9 -12.1
BKF iShares MSCI BIC ETF 24.1 69 0 13.8 -11.3
MINV Matthews Asia Innovators Active ETF 23.4 79 -10 7.4 -17.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 22.7 20 49 10.9 -14.2
PGJ Invesco Golden Dragon China ETF 20.9 70 -1 12.5 -12.6
SOCL Global X Social Media ETF 18.0 65 4 8.9 -16.2
EMC Global X Emerging Markets Great Consumer ETF 17.2 75 -6 11.0 -14.1
BNGE First Trust S-Network Streaming and Gaming ETF 16.6 70 -1 2.6 -22.5
EEMO Invesco S&P Emerging Markets Momentum ETF 16.0 29 40 6.6 -18.5
ECON Columbia Emerging Markets Consumer ETF 15.8 49 20 12.6 -12.4
FLAX Franklin FTSE Asia Ex Japan ETF 15.6 19 50 9.4 -15.6
EEMA iShares MSCI Emerging Markets Asia ETF 15.4 49 20 10.4 -14.6
LDEM iShares ESG MSCI EM Leaders ETF 14.9 17 52 14.1 -11.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 14.1 66 3 9.7 -15.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 14.0 70 -1 9.5 -15.6
MEM Matthews Emerging Markets Equity Active ETF 13.9 79 -10 8.1 -17.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 13.6 15 54 8.1 -17.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 13.4 36 33 10.0 -15.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 13.3 33 36 10.2 -14.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 13.3 15 54 10.4 -14.7
BKEM BNY Mellon Emerging Markets Equity ETF 13.2 11 58 10.2 -14.9
GMF SPDR S&P Emerging Asia Pacific ETF 13.2 49 20 9.6 -15.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 13.0 45 24 10.5 -14.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 12.9 30 39 10.6 -14.5
FDEM Fidelity Emerging Markets Multifactor ETF 12.8 25 44 13.0 -12.1
SCHE Schwab Emerging Markets Equity ETF 12.8 11 58 11.1 -14.0
ISHP First Trust Nasdaq Retail ETF 12.5 60 9 5.4 -19.6
DEHP Dimensional Emerging Markets High Profitability ETF 12.4 41 28 6.8 -18.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 12.3 32 37 9.3 -15.8
EEM iShares MSCI Emerging Markets ETF 12.2 69 0 10.5 -14.6
OND ProShares On-Demand ETF 12.2 58 11 0.7 -24.4
VWO Vanguard FTSE Emerging Markets ETF 11.8 7 62 10.3 -14.8
JHEM John Hancock Multifactor Emerging Markets ETF 11.8 49 20 10.3 -14.8
EMGF iShares Emerging Markets Equity Factor ETF 11.5 25 44 11.9 -13.2
ESGE iShares ESG Aware MSCI EM ETF 11.4 25 44 10.4 -14.7
DINT Davis Select International ETF 11.2 55 14 8.1 -16.9
SPEM SPDR Portfolio Emerging Markets ETF 10.7 7 62 10.7 -14.4
IEMG iShares Core MSCI Emerging Markets ETF 10.6 9 60 10.6 -14.4
PXH Invesco FTSE RAFI Emerging Markets ETF 10.5 49 20 15.9 -9.1
NUEM Nuveen ESG Emerging Markets Equity ETF 10.5 36 33 8.0 -17.1
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 9.6 75 -6 4.7 -20.4
EBIZ Global X E-Commerce ETF 9.3 50 19 3.8 -21.3
MOTI VanEck Morningstar International Moat ETF 9.2 58 11 12.0 -13.1
DFAE Dimensional Emerging Core Equity Market ETF 9.2 35 34 9.4 -15.7
CHAT Roundhill Generative AI & Technology ETF 8.9 75 -6 9.4 -15.7
ESPO VanEck Video Gaming and eSports ETF 8.9 56 13 3.9 -21.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 8.8 41 28 8.7 -16.4
IVRS iShares Future Metaverse Tech and Communications ETF 8.7 47 22 2.5 -22.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 8.7 59 10 9.0 -16.1
ODDS Pacer BlueStar Digital Entertainment ETF 8.6 60 9 2.1 -23.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 8.1 39 30 16.5 -8.6
DWLD Davis Select Worldwide ETF 7.8 63 6 7.2 -17.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 7.7 40 29 7.2 -17.9
PATN Pacer Nasdaq International Patent Leaders ETF 7.4 65 4 6.2 -18.8
ANEW ProShares MSCI Transformational Changes ETF 7.4 45 24 6.1 -19.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 7.3 38 31 9.3 -15.8
FMET Fidelity Metaverse ETF 7.2 39 30 4.7 -20.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 7.2 95 -26 11.8 -13.2
EVLU iShares MSCI Emerging Markets Value Factor ETF 7.2 35 34 18.6 -6.5
AVEM Avantis Emerging Markets Equity ETF 7.0 33 36 8.8 -16.3
IXP iShares Global Comm Services ETF 6.5 42 27 5.6 -19.5
ONLN ProShares Online Retail ETF 6.5 58 11 2.0 -23.1
EMXF iShares ESG Advanced MSCI EM ETF 6.4 16 53 8.6 -16.5
RXI iShares Global Consumer Discretionary ETF 6.4 41 28 9.3 -15.8
OGIG ALPS O'Shares Global Internet Giants ETF 6.3 48 21 1.6 -23.5
ARVR First Trust Indxx Metaverse ETF 6.3 70 -1 4.0 -21.1
AVSE Avantis Responsible Emerging Markets Equity ETF 6.3 33 36 8.6 -16.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 5.9 30 39 9.2 -15.8
MOTG VanEck Morningstar Global Wide Moat ETF 5.5 52 17 7.7 -17.3
IPKW Invesco International BuyBack Achievers ETF 4.9 55 14 12.5 -12.6
FDCF Fidelity Disruptive Communications ETF 4.9 50 19 2.8 -22.3
WRND IQ Global Equity R&D Leaders ETF 4.8 18 51 8.2 -16.8
FDHT Fidelity Digital Health ETF 4.8 39 30 0.9 -24.2
METV Roundhill Ball Metaverse ETF 4.6 59 10 7.8 -17.3
ABLG Abacus FCF International Leaders ETF 4.5 59 10 6.9 -18.2
GTEK Goldman Sachs Future Tech Leaders Equity ETF 4.5 75 -6 3.1 -22.0
IBUY Amplify Online Retail ETF 4.5 65 4 0.9 -24.2
JIG JPMorgan International Growth ETF 4.4 55 14 4.8 -20.3
DFEV Dimensional Emerging Markets Value ETF 4.3 43 26 13.4 -11.7
IVES Wedbush ETFMG Global Cloud Technology ETF 4.2 68 1 7.3 -17.8
FCA First Trust China AlphaDEX Fund 4.1 80 -11 8.3 -16.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.1 41 28 7.5 -17.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 4.0 18 51 7.9 -17.2
AIQ Global X Artificial Intelligence & Technology ETF 4.0 68 1 3.8 -21.2
PTEC Global X PropTech ETF 3.9 50 19 1.7 -23.4
WUGI AXS Esoterica NextG Economy ETF 3.8 75 -6 2.3 -22.8
IBLC iShares Blockchain and Tech ETF 3.8 47 22 -3.1 -28.1
ACWX iShares MSCI ACWI ex U.S. ETF 3.7 34 35 7.8 -17.3
VEU Vanguard FTSE All-World ex-US Index Fund 3.5 4 65 8.1 -16.9
CWI SPDR MSCI ACWI ex-US ETF 3.5 30 39 7.7 -17.4
VXUS Vanguard Total International Stock ETF 3.2 5 64 7.9 -17.2
DSTX Distillate International Fundamental Stability & Value ETF 3.2 55 14 7.9 -17.1
IXUS iShares Core MSCI Total International Stock ETF 3.2 7 62 7.9 -17.1
RNEM First Trust Emerging Markets Equity Select ETF 3.1 75 -6 7.7 -17.4
AADR AdvisorShares Dorsey Wright ADR ETF 3.1 110 -41 4.9 -20.2
GGME Invesco Next Gen Media and Gaming ETF 3.0 60 9 4.2 -20.9
FPXI First Trust International Equity Opportunities ETF 3.0 70 -1 4.2 -20.9
TTAI FCF International Quality ETF 2.9 59 10 7.2 -17.9
ECNS iShares MSCI China Small-Cap ETF 2.9 59 10 8.0 -17.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.8 70 -1 13.1 -12.0
XNTK SPDR NYSE Technology ETF 2.8 35 34 3.7 -21.4
BUYZ Franklin Disruptive Commerce ETF 2.6 50 19 2.2 -22.9
HERO Global X Video Games & Esports ETF 2.6 50 19 3.8 -21.2
AIVC Amplify Bloomberg AI Value Chain ETF 2.5 59 10 5.5 -19.5
VSGX Vanguard ESG International Stock ETF 2.5 10 59 7.7 -17.4
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.4 57 12 3.8 -21.3
GINN Goldman Sachs Innovate Equity ETF 2.3 52 17 3.7 -21.4
HEAL Global X HealthTech ETF 2.2 50 19 -0.7 -25.8
CGXU Capital Group International Focus Equity ETF 2.2 54 15 5.6 -19.5
FEM First Trust Emerging Markets AlphaDEX Fund 2.1 80 -11 11.2 -13.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.1 60 9 8.1 -16.9
ROAM Hartford Multifactor Emerging Markets ETF 2.0 44 25 12.2 -12.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.0 50 19 11.1 -14.0
UMMA Wahed Dow Jones Islamic World ETF 2.0 65 4 5.4 -19.6
CVY Invesco Zacks Multi-Asset Income ETF 2.0 106 -37 12.2 -12.9
HTEC ROBO Global Healthcare Technology and Innovation ETF 1.8 68 1 2.4 -22.6
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.8 20 49 4.4 -20.7
XT iShares Exponential Technologies ETF 1.8 46 23 4.9 -20.1
FDTX Fidelity Disruptive Technology ETF 1.8 50 19 2.7 -22.4
AVES Avantis Emerging Markets Value ETF 1.8 36 33 11.1 -14.0
FEOE First Eagle Overseas Equity ETF 1.7 79 -10 8.0 -17.0
AWAY ETFMG Travel Tech ETF 1.7 76 -7 -0.9 -25.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.7 30 39 7.9 -17.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 1.5 42 27 9.7 -15.3
OAIM OneAscent International Equity ETF 1.5 95 -26 5.7 -19.4
EMMF WisdomTree Emerging Markets Multifactor Fund 1.5 48 21 7.5 -17.6
KLMT Invesco MSCI Global Climate 500 ETF 1.4 10 59 5.7 -19.4
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.4 61 8 1.5 -23.6
BWEB Bitwise Web3 ETF 1.4 85 -16 -0.1 -25.2
KOMP SPDR S&P Kensho New Economies Composite ETF 1.4 20 49 2.5 -22.6
IOO iShares Global 100 ETF 1.3 41 28 4.8 -20.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.3 20 49 5.6 -19.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.3 9 60 5.7 -19.4
ACWI iShares MSCI ACWI ETF 1.3 32 37 5.5 -19.5
KOCG FIS Knights of Columbus Global Belief ETF 1.2 75 -6 5.2 -19.9
BOUT Innovator IBD Breakout Opportunities ETF 1.2 81 -12 2.7 -22.3
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.2 35 34 4.2 -20.9
VT Vanguard Total World Stock ETF 1.2 6 63 5.9 -19.2
FEGE First Eagle Global Equity ETF 1.1 79 -10 7.0 -18.1
IQDF FlexShares International Quality Dividend Index Fund 1.1 47 22 8.9 -16.2
SATO Invesco Alerian Galaxy Crypto Economy ETF 1.1 61 8 -2.0 -27.1
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.1 58 11 4.2 -20.9
DGT SPDR Global Dow ETF 1.1 50 19 7.0 -18.1
CGIE Capital Group International Equity ETF 1.1 54 15 5.1 -20.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.0 12 57 5.2 -19.9
TRFM AAM Transformers ETF 1.0 49 20 1.3 -23.8
QQQS Invesco NASDAQ Future Gen 200 ETF 1.0 20 49 -4.2 -29.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.9 47 22 8.4 -16.7
APIE ActivePassive International Equity ETF 0.8 45 24 7.6 -17.5
WFH Direxion Work From Home ETF 0.8 45 24 4.0 -21.1
JSTC Adasina Social Justice All Cap Global ETF 0.8 89 -20 4.8 -20.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.8 65 4 8.1 -17.0
GLOF iShares Global Equity Factor ETF 0.7 20 49 6.5 -18.6
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.7 56 13 0.3 -24.7
SDG iShares MSCI Global Sustainable Development Goals ETF 0.6 49 20 5.8 -19.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.5 65 4 2.1 -23.0
JETS U.S. Global Jets ETF 0.5 60 9 2.6 -22.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.4 70 -1 7.8 -17.3
QQQ Invesco QQQ Trust Series I 0.4 20 49 4.1 -21.0
QQQM Invesco NASDAQ 100 ETF 0.4 15 54 4.1 -21.0
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.4 49 20 3.8 -21.3
FBCG Fidelity Blue Chip Growth ETF 0.4 59 10 2.8 -22.3
IGPT Invesco AI and Next Gen Software ETF 0.4 60 9 4.3 -20.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.4 25 44 6.6 -18.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 48 3.7 -21.4
SPYA Twin Oak Endure ETF 0.3 80 -11 -2.1 -27.2
INTF iShares International Equity Factor ETF 0.3 15 54 7.6 -17.5
QQMG Invesco ESG NASDAQ 100 ETF 0.2 20 49 4.1 -20.9
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 49 6.2 -18.9
PNQI Invesco NASDAQ Internet ETF 0.2 60 9 3.3 -21.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 30 5.8 -19.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 4 7.8 -17.3
VYMI Vanguard International High Dividend Yield ETF 0.1 17 52 9.5 -15.5
IQSI IQ Candriam International Equity ETF 0.0 15 54 6.6 -18.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 20 6.8 -18.2
BKIE BNY Mellon International Equity ETF 0.0 4 65 7.0 -18.0
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 49 6.9 -18.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 24 8.8 -16.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 30 6.7 -18.4

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 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 32.5 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 25.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.43 CATEGORY
AVERAGE		 1.51
 
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.