KraneShares MSCI One Belt One Road Index ETF
ALTAR
Score™		 7.1% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 14.9x P/Sales
ratio		 1.4x
P/BV
ratio		 1.6x Div.
yield		 6.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The KraneShares MSCI One Belt One Road ETF seeks to provide investment results that track the price and yield performance of the MSCI Global China Infrastructure Exposure Index. The Index aims to identify potential beneficiaries of the One Belt One Road initiative based on how their geography, revenue, and sector attributes align with the broad theme.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor KraneShares
Website kraneshares.com
Inception date Sep 07, 2017
Assets (mns) $4
Currency USD
Expense ratio 79 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 128
Wgt avg mkt cap (mns) $22,101
Large cap (>$10bn) 62.0%
Mid cap ($2-10bn) 35.1%
Small cap (<$2bn) 2.8%
Developed mkts 20.8%
Emerging mkts 79.2%

TOP TEN HOLDINGS
KUWAIT FINANCE HOUSE 9.1 %
OVERSEA-CHINESE BANKING CORP 7.9 %
ANGLO PLATINUM LTD 5.7 %
CHINA YANGTZE POWER CO LTD-A 4.3 %
KGHM POLSKA MIEDZ S.A. 3.8 %
IMPALA PLATINUM HOLDINGS LTD 3.3 %
PTT PCL-NVDR 3.3 %
CHINA PETROLEUM & CHEMICAL-H 1.9 %
SINGAPORE TECHNOLOGIES ENG 1.8 %
NORTHAM PLATINUM HOLDINGS LIMITED 1.8 %
Total 43.1 %

TOP COUNTRY EXPOSURE
CHINA 39.5 %
SOUTH AFRICA 11.1 %
SINGAPORE 11.0 %
KUWAIT 9.3 %
POLAND 3.8 %
INDONESIA 3.5 %
THAILAND 3.3 %
INDIA 3.0 %
HONG KONG 2.5 %
ISRAEL 1.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
5.3% 31.1% 2.1% -- 4.3%

Market Correlations
versus... Beta R-squared
S&P500 0.42 13%
MSCI EAFE 0.58 32%
MSCI Emg. Mkts. 0.49 36%

Technical Indicators
Recent close $27.65
30d moving avg. $27.95
Annualized volatility 13.6%
Short interest (ETF) 0.6%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.7%
Bid/Ask (% of price) 0.60%
ADV underlying (mns) $4,697

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 333 potential alternatives to the KraneShares MSCI One Belt One Road Index ETF ETF based on the alternatives' overlap in portfolio holdings with OBOR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: OBOR Expense: 79 bp ALTAR Score™: 7.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH OBOR
Ticker Fund
Name		 Overlap1
vs OBOR
(%)		 Expense
ratio
(bp)		 Savings
vs OBOR
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs OBOR
(%)
KGRN KraneShares MSCI China Clean Technology Index ETF 11.6 79 0 3.0 -4.1
EWS iShares MSCI Singapore ETF 10.8 50 29 4.0 -3.1
EZA iShares MSCI South Africa ETF 9.7 58 21 8.7 +1.6
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 9.3 65 14 5.9 -1.2
GMET VanEck Green Metals ETF 9.0 63 16 0.5 -6.6
JIVE JPMorgan International Value ETF 8.9 55 24 8.1 +1.0
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 6.9 55 24 6.0 -1.1
FTHF First Trust Emerging Markets Human Flourishing ETF 6.3 75 4 5.1 -2.1
ICLN iShares Global Clean Energy ETF 5.9 41 38 1.4 -5.7
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 5.1 65 14 4.3 -2.8
GVAL Cambria Global Value ETF 4.8 68 11 8.6 +1.5
VCLN Virtus Duff & Phelps Clean Energy ETF 4.6 59 20 2.0 -5.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 4.4 39 40 12.9 +5.8
ION ProShares S&P Global Core Battery Metals ETF 4.4 58 21 5.1 -2.0
AIVI WisdomTree International AI Enhanced Value Fund 4.3 58 21 6.2 -0.9
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 4.2 80 -1 6.1 -1.0
ICOP iShares Copper and Metals Mining ETF 4.1 47 32 4.8 -2.3
FTAG First Trust Indxx Global Agriculture ETF 4.1 70 9 7.1 -0.0
PXH Invesco FTSE RAFI Emerging Markets ETF 4.1 49 30 12.7 +5.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 4.0 50 29 7.4 +0.3
EPP iShares MSCI Pacific ex-Japan ETF 3.8 47 32 4.9 -2.3
COPX Global X Copper Miners ETF 3.8 65 14 3.6 -3.5
EPOL iShares MSCI Poland ETF 3.8 59 20 8.8 +1.7
SILJ ETFMG Prime Junior Silver Miners ETF 3.8 69 10 0.3 -6.8
FLCH Franklin FTSE China ETF 3.8 19 60 17.2 +10.1
DVYA iShares Asia/Pacific Dividend ETF 3.6 49 30 6.8 -0.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.5 44 35 9.1 +2.0
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 3.5 19 60 5.3 -1.8
CNYA iShares MSCI China A ETF 3.5 60 19 6.0 -1.1
PICK iShares MSCI Global Metals & Mining Producers ETF 3.4 39 40 7.1 0.0
IDX VanEck Indonesia Index ETF 3.3 57 22 9.7 +2.6
THD iShares MSCI Thailand ETF 3.3 58 21 0.0 -7.1
EIDO iShares MSCI Indonesia ETF 3.2 59 20 10.4 +3.3
LDEM iShares ESG MSCI EM Leaders ETF 3.0 17 62 11.9 +4.8
AFK VanEck Africa Index ETF 3.0 98 -19 10.6 +3.5
AGMI Themes Silver Miners ETF 3.0 35 44 3.6 -3.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 2.9 25 54 5.8 -1.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 2.9 45 34 9.2 +2.1
EDIV SPDR S&P Emerging Markets Dividend ETF 2.9 49 30 8.8 +1.7
FCA First Trust China AlphaDEX Fund 2.9 80 -1 7.1 +0.0
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.8 45 34 -0.9 -8.0
MCHI iShares MSCI China ETF 2.7 59 20 19.2 +12.1
EMIF iShares Emerging Markets Infrastructure ETF 2.7 60 19 2.7 -4.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.6 70 9 9.0 +1.9
EYLD Cambria Emerging Shareholder Yield ETF 2.6 66 13 8.6 +1.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 2.5 35 44 9.3 +2.2
GXC SPDR S & P China ETF 2.5 59 20 17.7 +10.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.5 70 9 3.6 -3.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 2.4 29 50 8.7 +1.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.4 45 34 7.3 +0.2
FEM First Trust Emerging Markets AlphaDEX Fund 2.3 80 -1 8.4 +1.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.3 46 33 7.4 +0.3
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 2.3 88 -9 8.4 +1.3
DFEV Dimensional Emerging Markets Value ETF 2.3 43 36 8.6 +1.5
VEGI iShares MSCI Agriculture Producers ETF 2.2 39 40 7.5 +0.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.2 60 19 6.3 -0.8
XC WisdomTree Emerging Markets Ex-China Fund 2.2 32 47 6.4 -0.7
MCH Matthews China Active ETF 2.2 79 0 13.8 +6.7
AVES Avantis Emerging Markets Value ETF 2.1 36 43 8.3 +1.2
EIS iShares MSCI Israel ETF 2.0 58 21 6.0 -1.1
FLAX Franklin FTSE Asia Ex Japan ETF 2.0 19 60 6.5 -0.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 2.0 80 -1 5.5 -1.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.0 32 47 4.4 -2.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.0 80 -1 6.2 -0.9
EFAV iShares MSCI EAFE Min Vol Factor ETF 2.0 22 57 5.7 -1.4
DVYE iShares Emerging Markets Dividend ETF 1.9 49 30 17.1 +10.0
DEM WisdomTree Emerging Markets High Dividend Fund 1.9 63 16 9.7 +2.6
NUEM Nuveen ESG Emerging Markets Equity ETF 1.9 36 43 5.6 -1.5
JHID John Hancock International High Dividend ETF 1.9 46 33 7.7 +0.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.9 30 49 7.1 +0.0
CGV Conductor Global Equity Value ETF 1.8 130 -51 7.3 +0.2
IDOG ALPS International Sector Dividend Dogs ETF 1.8 50 29 9.0 +1.9
VWO Vanguard FTSE Emerging Markets ETF 1.8 7 72 8.7 +1.6
UIVM VictoryShares International Value Momentum ETF 1.8 35 44 7.9 +0.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.8 66 13 6.5 -0.6
CCNR ALPS CoreCommodity Natural Resources ETF 1.8 39 40 7.6 +0.5
EMDM First Trust Bloomberg Emerging Market Democracies ETF 1.7 75 4 5.7 -1.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.7 36 43 6.9 -0.2
SPEM SPDR Portfolio Emerging Markets ETF 1.7 7 72 9.0 +1.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.7 15 64 7.3 +0.2
BKEM BNY Mellon Emerging Markets Equity ETF 1.7 11 68 7.2 +0.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.7 40 39 5.8 -1.3
BKF iShares MSCI BIC ETF 1.7 69 10 14.2 +7.1
AVEM Avantis Emerging Markets Equity ETF 1.7 33 46 6.4 -0.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.7 32 47 13.0 +5.9
EEMO Invesco S&P Emerging Markets Momentum ETF 1.7 29 50 5.6 -1.5
JHEM John Hancock Multifactor Emerging Markets ETF 1.7 49 30 6.9 -0.2
ECON Columbia Emerging Markets Consumer ETF 1.7 49 30 5.9 -1.2
SAGP Strategas Global Policy Opportunities ETF 1.7 65 14 4.8 -2.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.7 29 50 6.9 -0.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.6 38 41 6.4 -0.7
TTAI FCF International Quality ETF 1.6 59 20 6.8 -0.3
DFAE Dimensional Emerging Core Equity Market ETF 1.6 35 44 6.4 -0.7
EMXF iShares ESG Advanced MSCI EM ETF 1.6 16 63 6.3 -0.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.6 70 9 6.2 -0.9
RGEF Rockefeller Global Equity ETF 1.6 55 24 3.7 -3.4
ROAM Hartford Multifactor Emerging Markets ETF 1.5 44 35 7.0 -0.1
SCHE Schwab Emerging Markets Equity ETF 1.5 11 68 9.0 +1.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.5 59 20 7.8 +0.7
ESGE iShares ESG Aware MSCI EM ETF 1.5 25 54 7.5 +0.4
SETM Sprott Energy Transition Materials ETF 1.5 65 14 1.4 -5.7
FPXI First Trust International Equity Opportunities ETF 1.5 70 9 3.4 -3.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 1.5 9 70 7.7 +0.6
EMMF WisdomTree Emerging Markets Multifactor Fund 1.5 48 31 7.7 +0.6
EEM iShares MSCI Emerging Markets ETF 1.5 69 10 7.1 -0.0
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 1.5 69 10 6.8 -0.3
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.4 80 -1 11.4 +4.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.4 41 38 6.3 -0.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.4 95 -16 9.3 +2.2
IEMG iShares Core MSCI Emerging Markets ETF 1.4 9 70 7.5 +0.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.4 58 21 8.0 +0.9
VIDI Vident International Equity Strategy ETF 1.3 61 18 7.7 +0.6
FXI iShares China Large-Cap ETF 1.3 74 5 20.1 +13.0
AIA iShares Asia 50 ETF 1.3 50 29 6.7 -0.4
RNEM First Trust Emerging Markets Equity Select ETF 1.3 75 4 8.0 +0.9
EV Mast Global Battery Recycling & Production ETF 1.3 65 14 6.3 -0.8
XCNY SPDR S&P Emerging Markets ex-China ETF 1.3 15 64 5.4 -1.8
VEXC Vanguard Emerging Markets Ex-China ETF 1.3 7 72 5.4 -1.7
IPOS Renaissance International IPO ETF 1.3 80 -1 0.0 -7.1
TCHI iShares MSCI China Multisector Tech ETF 1.3 59 20 12.7 +5.6
JETS U.S. Global Jets ETF 1.3 60 19 2.5 -4.6
URAN Themes Uranium & Nuclear ETF 1.3 35 44 0.9 -6.2
DIVI Franklin International Core Dividend Tilt Index ETF 1.2 9 70 6.4 -0.7
WWJD Inspire International ETF 1.2 80 -1 6.2 -1.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.2 33 46 5.5 -1.6
TPIF Timothy Plan International ETF 1.2 62 17 5.5 -1.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.2 30 49 7.3 +0.2
MEM Matthews Emerging Markets Equity Active ETF 1.2 79 0 7.7 +0.6
GMF SPDR S&P Emerging Asia Pacific ETF 1.2 49 30 8.1 +1.0
TUR iShares MSCI Turkey ETF 1.1 58 21 12.6 +5.5
EEMA iShares MSCI Emerging Markets Asia ETF 1.1 49 30 6.9 -0.2
BATT Amplify Lithium & Battery Technology ETF 1.1 59 20 1.6 -5.5
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 1.1 46 33 5.1 -2.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 1.1 32 47 5.4 -1.7
RFDI First Trust Riverfront Dynamic Developed International ETF 1.1 83 -4 7.6 +0.5
EMXC iShares MSCI Emerging Markets ex China ETF 1.1 25 54 4.6 -2.6
IDLV Invesco S&P International Developed Low Volatility ETF 1.1 25 54 6.4 -0.7
AIRL Themes Airlines ETF 1.1 35 44 1.6 -5.5
XCEM Columbia EM Core ex-China ETF 1.0 16 63 4.5 -2.7
STXE Strive Emerging Markets Ex-China ETF 1.0 32 47 4.7 -2.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.0 15 64 8.1 +1.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.0 32 47 6.7 -0.4
VYMI Vanguard International High Dividend Yield ETF 1.0 17 62 7.9 +0.8
ISRA VanEck Israel ETF 1.0 59 20 5.5 -1.6
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.0 53 26 4.6 -2.5
BOAT SonicShares Global Shipping ETF 1.0 69 10 21.4 +14.3
SDIV Global X Superdividend ETF 1.0 58 21 13.4 +6.3
ZIG Acquirers Fund 1.0 84 -5 20.5 +13.4
IPAC iShares Core MSCI Pacific ETF 0.9 9 70 5.4 -1.8
IGF iShares Global Infrastructure ETF 0.9 41 38 4.2 -2.9
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.9 30 49 6.1 -1.0
GII SPDR S&P Global Infrastructure ETF 0.9 40 39 4.3 -2.8
JADE JPMorgan Active Developing Markets Equity ETF 0.9 65 14 5.5 -1.6
IQLT iShares MSCI Intl Quality Factor ETF 0.9 30 49 5.4 -1.7
SMIN iShares MSCI India Small Cap ETF 0.9 79 0 3.4 -3.7
GNR SPDR S&P Global Natural Resources ETF 0.9 40 39 8.2 +1.1
ANEW ProShares MSCI Transformational Changes ETF 0.9 45 34 4.3 -2.8
IMTM iShares MSCI Intl Momentum Factor ETF 0.8 30 49 4.5 -2.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.8 47 32 6.9 -0.2
ACWV iShares MSCI Global Min Vol Factor ETF 0.8 20 59 5.7 -1.4
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.8 42 37 7.2 +0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.8 41 38 5.8 -1.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.8 4 75 6.4 -0.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.8 70 9 6.0 -1.1
FENI Fidelity Enhanced International ETF 0.8 28 51 5.7 -1.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.8 18 61 6.1 -1.0
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.7 80 -1 3.3 -3.8
EWM iShares MSCI Malaysia ETF 0.7 50 29 6.3 -0.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.7 33 46 6.1 -1.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.7 34 45 6.1 -1.0
EMGF iShares Emerging Markets Equity Factor ETF 0.7 25 54 8.1 +1.0
VXUS Vanguard Total International Stock ETF 0.7 5 74 6.4 -0.7
CIL VictoryShares International Volatility Wtd ETF 0.7 45 34 5.8 -1.3
JPIN J.P. Morgan Diversified Return International Equity ETF 0.7 37 42 6.9 -0.2
IPAV Global X Infrastructure Development ex-U.S. ETF 0.7 55 24 5.5 -1.6
BLES Inspire Global Hope ETF 0.7 61 18 5.6 -1.5
DSTX Distillate International Fundamental Stability & Value ETF 0.7 55 24 6.4 -0.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.7 30 49 6.1 -1.0
IXUS iShares Core MSCI Total International Stock ETF 0.7 7 72 6.3 -0.8
QINT American Century Quality Diversified International ETF 0.7 39 40 6.4 -0.7
AVSE Avantis Responsible Emerging Markets Equity ETF 0.7 33 46 6.1 -1.1
DEHP Dimensional Emerging Markets High Profitability ETF 0.7 41 38 4.3 -2.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.7 24 55 4.7 -2.4
DMXF iShares ESG Advanced MSCI EAFE ETF 0.7 12 67 4.8 -2.3
VPL Vanguard FTSE Pacific ETF 0.7 7 72 4.9 -2.2
VSGX Vanguard ESG International Stock ETF 0.7 10 69 6.3 -0.8
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.7 24 55 6.8 -0.3
DTH WisdomTree International High Dividend Fund 0.7 58 21 7.2 +0.1
FRDM Freedom 100 Emerging Markets ETF 0.7 49 30 4.7 -2.4
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.7 90 -11 3.4 -3.7
EPI WisdomTree India Earnings Fund 0.7 85 -6 5.1 -2.0
BOTZ Global X Robotics & Artificial Intelligence ETF 0.6 69 10 1.7 -5.4
JCHI JPMorgan Active China ETF 0.6 65 14 14.6 +7.5
CGRO CoreValues Alpha Greater China Growth ETF 0.6 75 4 4.9 -2.3
FBOT Fidelity Disruptive Automation ETF 0.6 50 29 2.7 -4.4
AVDV Avantis International Small Cap Value ETF 0.6 36 43 7.4 +0.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.6 72 7 1.9 -5.2
LIMI Themes Lithium & Battery Metal Miners ETF 0.6 35 44 2.4 -4.7
EFV iShares MSCI EAFE Value ETF 0.6 34 45 7.4 +0.3
DIM WisdomTree International MidCap Dividend Fund 0.6 58 21 6.2 -0.9
LVHI Franklin International Low Volatility High Dividend Index ET 0.6 40 39 7.5 +0.4
EPHE iShares MSCI Philippines ETF 0.6 59 20 0.0 -7.1
CUT Invesco MSCI Global Timber ETF 0.6 61 18 8.6 +1.5
IQDF FlexShares International Quality Dividend Index Fund 0.6 47 32 7.2 +0.1
INTF iShares International Equity Factor ETF 0.6 15 64 6.4 -0.7
FDEV Fidelity International Multifactor ETF 0.6 18 61 7.3 +0.2
GOEX Global X Gold Explorers ETF 0.6 65 14 2.1 -5.0
GLOF iShares Global Equity Factor ETF 0.6 20 59 5.4 -1.7
IQSI IQ Candriam International Equity ETF 0.6 15 64 5.4 -1.7
FTRI First Trust Indxx Global Natural Resources Income ETF 0.6 70 9 6.4 -0.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.6 39 40 6.1 -1.0
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.5 35 44 5.5 -1.6
PIN Invesco India ETF 0.5 78 1 4.8 -2.3
FRGN Horizon International Equity ETF 0.5 75 4 7.3 +0.2
HAP VanEck Natural Resources ETF 0.5 50 29 6.5 -0.6
DOL WisdomTree International LargeCap Dividend Fund 0.5 48 31 5.5 -1.6
FLIN Franklin FTSE India ETF 0.5 19 60 4.1 -3.0
FRNW Fidelity Clean Energy ETF 0.5 39 40 1.6 -5.6
JHMD John Hancock Multifactor Developed International ETF 0.5 39 40 6.1 -1.0
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 49 6.2 -0.9
IXG iShares Global Financials ETF 0.5 42 37 6.3 -0.8
DWM WisdomTree International Equity Fund 0.5 48 31 5.5 -1.6
ERTH Invesco MSCI Sustainable Future ETF 0.5 62 17 2.8 -4.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.5 40 39 5.6 -1.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.5 25 54 6.1 -1.0
GDX VanEck Gold Miners ETF 0.4 51 28 2.8 -4.3
DWMF WisdomTree International Multifactor Fund 0.4 38 41 6.9 -0.2
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.4 20 59 5.5 -1.6
HFXI IQ FTSE International Equity Currency Neutral ETF 0.4 20 59 5.4 -1.7
GEW Cambria Global EW ETF 0.4 29 50 5.3 -1.8
IVLU iShares MSCI Intl Value Factor ETF 0.4 30 49 7.8 +0.7
INDA iShares MSCI India ETF 0.4 65 14 4.6 -2.5
AVDE Avantis International Equity ETF 0.4 23 56 6.0 -1.1
GSID Goldman Sachs MarketBeta International Equity ETF 0.4 20 59 5.7 -1.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 0.4 60 19 10.4 +3.3
WOOD iShares Global Timber & Forestry ETF 0.4 42 37 11.5 +4.4
EFA iShares MSCI EAFE ETF 0.4 35 44 5.6 -1.5
HEFA iShares Currency Hedged MSCI EAFE ETF 0.4 35 44 5.7 -1.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.4 65 14 6.1 -1.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.4 36 43 5.3 -1.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.4 45 34 6.4 -0.7
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.4 67 12 12.3 +5.2
BKIE BNY Mellon International Equity ETF 0.4 4 75 5.9 -1.2
STXI Strive International Developed Markets ETF 0.4 29 50 6.2 -0.9
SDG iShares MSCI Global Sustainable Development Goals ETF 0.4 49 30 4.3 -2.8
IEFA iShares Core MSCI EAFE ETF 0.4 7 72 5.9 -1.2
DEW WisdomTree Global High Dividend Fund 0.4 58 21 7.3 +0.2
JIRE JPMorgan International Research Enhanced Equity ETF 0.4 24 55 5.7 -1.4
SCHF Schwab International Equity ETF 0.4 6 73 5.7 -1.4
DIHP Dimensional International High Profitability ETF 0.4 29 50 5.7 -1.5
DXIV Dimensional International Vector Equity ETF 0.3 34 45 6.4 -0.7
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.3 78 1 9.2 +2.1
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -10 4.2 -2.9
AVSD Avantis Responsible International Equity ETF 0.3 23 56 5.8 -1.3
DFAI Dimensional International Core Equity Market ETF 0.3 18 61 5.9 -1.2
VEA Vanguard FTSE Developed Markets ETF 0.3 3 76 5.7 -1.4
IDEV iShares Core MSCI International Developed Markets ETF 0.3 4 75 5.9 -1.2
FNDF Schwab Fundamental International Large Co. Index ETF 0.3 25 54 7.0 -0.1
DFIV Dimensional International Value ETF 0.3 27 52 7.6 +0.5
CLNR IQ Cleaner Transport ETF 0.3 45 34 3.9 -3.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 40 6.6 -0.5
ESGD iShares ESG Aware MSCI EAFE ETF 0.3 20 59 5.6 -1.5
XT iShares Exponential Technologies ETF 0.3 46 33 3.6 -3.5
POW VistaShares Electrification Supercycle ETF 0.3 75 4 1.8 -5.3
SPDW SPDR Portfolio Developed World ex-US ETF 0.3 3 76 5.6 -1.5
IMFL Invesco International Developed Dynamic Multifactor ETF 0.3 34 45 5.0 -2.2
DTEC ALPS Disruptive Technologies ETF 0.3 50 29 3.3 -3.8
FAN First Trust Global Wind Energy ETF 0.3 60 19 2.6 -4.5
RNRG Global X Renewable Energy Producers ETF 0.3 66 13 4.0 -3.1
ROBO ROBO Global Robotics & Automation Index ETF 0.3 95 -16 2.0 -5.1
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.3 79 0 3.4 -3.7
SMOG VanEck Low Carbon Energy ETF 0.3 61 18 1.1 -6.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.3 39 40 6.8 -0.3
IDMO Invesco S&P International Developed Momentum ETF 0.3 25 54 5.1 -2.0
CARZ First Trust NASDAQ Global Auto Index Fund 0.3 70 9 1.9 -5.2
VT Vanguard Total World Stock ETF 0.3 6 73 4.8 -2.3
KSTR KraneShares SSE STAR Market 50 Index ETF 0.3 89 -10 0.7 -6.5
ACWI iShares MSCI ACWI ETF 0.3 32 47 4.5 -2.6
FID First Trust S&P International Dividend Aristocrats ETF 0.3 60 19 7.6 +0.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.3 58 21 5.3 -1.8
WDIV SPDR S&P Global Dividend ETF 0.3 40 39 8.9 +1.8
IQRA IQ CBRE Real Assets ETF 0.3 65 14 5.9 -1.2
NUDM Nuveen ESG International Developed Markets Equity ETF 0.3 31 48 5.4 -1.7
FDEM Fidelity Emerging Markets Multifactor ETF 0.2 25 54 9.5 +2.4
IQDG WisdomTree International Quality Dividend Growth Fund 0.2 42 37 5.7 -1.5
GWX SPDR S&P International Small Cap ETF 0.2 40 39 5.6 -1.5
IPKW Invesco International BuyBack Achievers ETF 0.2 55 24 7.9 +0.8
DFIC Dimensional International Core Equity 2 ETF 0.2 23 56 6.1 -1.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 59 4.5 -2.6
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 54 5.5 -1.6
AVDS Avantis International Small Cap Equity ETF 0.2 30 49 5.8 -1.3
EFG iShares MSCI EAFE Growth ETF 0.2 36 43 3.6 -3.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 30 5.9 -1.2
FDVV Fidelity High Dividend ETF 0.2 15 64 6.5 -0.6
DFSI Dimensional International Sustainability Core 1 ETF 0.2 24 55 5.5 -1.6
GREK Global X MSCI Greece ETF 0.2 57 22 9.0 +1.9
IDHQ Invesco S&P International Developed High Quality ETF 0.2 29 50 5.1 -2.0
SHPP Pacer Industrials and Logistics ETF 0.1 60 19 6.4 -0.7
IGRO iShares International Dividend Growth ETF 0.1 15 64 6.7 -0.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 39 6.0 -1.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 70 4.7 -2.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 67 4.3 -2.8
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 69 4.8 -2.3
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 49 5.1 -2.0
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 37 3.9 -3.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 71 6.1 -1.0
URTH iShares MSCI World ETF 0.1 24 55 4.2 -2.9
TOK iShares MSCI Kokusai ETF 0.1 26 53 4.1 -3.0
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 70 6.1 -1.0
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 70 4.3 -2.9
VGK Vanguard FTSE Europe ETF 0.1 6 73 6.4 -0.7
AVIV Avantis International Large Cap Value ETF 0.1 25 54 6.8 -0.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 37 3.9 -3.2
FLEE Franklin FTSE Europe ETF 0.1 9 70 6.2 -0.9
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 32 4.9 -2.2
SPEU SPDR Portfolio Europe ETF 0.1 7 72 6.4 -0.7
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 64 4.8 -2.3
WRND IQ Global Equity R&D Leaders ETF 0.1 18 61 3.8 -3.3
WSML iShares MSCI World Small-Cap ETF 0.0 15 64 5.2 -1.9
IUS Invesco RAFI Strategic US ETF 0.0 19 60 5.5 -1.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.0 20 59 5.5 -1.6
DISV Dimensional International Small Cap Value ETF 0.0 42 37 7.9 +0.8
DFIS Dimensional International Small Cap ETF 0.0 39 40 6.0 -1.2
NLR VanEck Uranium+Nuclear Energy ETF 0.0 61 18 1.4 -5.7
URA Global X Uranium ETF 0.0 69 10 0.6 -6.5
EMM Global X Emerging Markets ex-China ETF 0.0 75 4 4.3 -2.8
EMC Global X Emerging Markets Great Consumer ETF 0.0 75 4 6.4 -0.7
TNUK Tortoise Nuclear Renaissance ETF 0.0 75 4 0.7 -6.4
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 45 5.5 -1.6
JIG JPMorgan International Growth ETF 0.0 55 24 3.4 -3.7
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 61 0.0 -7.1
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 70 4.0 -3.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.0 20 59 8.3 +1.2

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 MSCI One Belt One Road Index ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.3 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 79 bp
Equals: ALTAR Score 7.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.66 CATEGORY
AVERAGE		 1.52
 
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.