Invesco Golden Dragon China ETF
ALTAR
Score™		 13.7% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 9.0x P/Sales
ratio		 0.9x
P/BV
ratio		 1.1x Div.
yield		 0.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco Golden Dragon China Portfolio seeks investment results that correspond to the price and yield of the NASDAQ Golden Dragon China Index. The index is composed of US exchange-listed companies that are headquartered in China.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Invesco
Website www.invesco.com
Inception date Dec 09, 2004
Assets (mns) $133
Currency USD
Expense ratio 70 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 52
Wgt avg mkt cap (mns) $50,578
Large cap (>$10bn) 67.1%
Mid cap ($2-10bn) 25.8%
Small cap (<$2bn) 6.7%
Developed mkts 5.8%
Emerging mkts 94.2%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 10.1 %
BAIDU INC - SPON ADR 8.4 %
JD.COM INC-ADR 7.5 %
YUM CHINA HOLDINGS, INC. 6.8 %
TENCENT MUSIC ENTERTAINMENT GROUP 5.5 %
NIO INC. SPONSORED ADR CLASS A 4.4 %
NETEASE.COM INC-ADR 4.0 %
VIPSHOP HOLDINGS LTD SPONSORED ADR 3.9 %
FULL TRUCK ALLIANCE CO LTD ADR 3.7 %
KANZHUN LTD. SPONSORED ADR 3.6 %
Total 57.8 %

TOP COUNTRY EXPOSURE
CHINA 87.3 %
CANADA 0.5 %
UNITED STATES 0.5 %








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.
-10.3% -10.1% -14.5% 0.2% 4.1%

Market Correlations
versus... Beta R-squared
S&P500 0.85 35%
MSCI EAFE 0.90 33%
MSCI Emg. Mkts. 1.04 58%

Technical Indicators
Recent close $26.82
30d moving avg. $26.54
Annualized volatility 40.3%
Short interest (ETF) 0.4%
Short interest (Underlying) 3.8%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 19
Turnover 0.4%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $2,525

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 238 potential alternatives to the Invesco Golden Dragon China ETF ETF based on the alternatives' overlap in portfolio holdings with PGJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PGJ Expense: 70 bp ALTAR Score™: 13.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PGJ
Ticker Fund
Name		 Overlap1
vs PGJ
(%)		 Expense
ratio
(bp)		 Savings
vs PGJ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs PGJ
(%)
KWEB KraneShares CSI China Internet ETF 14.3 69 1 22.3 +8.6
SOCL Global X Social Media ETF 14.2 65 5 12.1 -1.6
CGRO CoreValues Alpha Greater China Growth ETF 13.5 75 -5 4.5 -9.2
ONLN ProShares Online Retail ETF 12.0 58 12 1.1 -12.6
CHIQ Global X MSCI China Consumer Discretionary ETF 8.6 65 5 12.1 -1.6
ISHP First Trust Nasdaq Retail ETF 8.6 60 10 5.1 -8.6
TIIV AAM Todd International Intrinsic Value ETF 7.6 54 16 9.7 -4.0
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 6.3 45 25 -1.4 -15.1
DRGN Themes China Generative Artificial Intelligence ETF 6.2 39 31 9.3 -4.4
SMOG VanEck Low Carbon Energy ETF 6.2 61 9 1.1 -12.6
IVES Wedbush ETFMG Global Cloud Technology ETF 6.1 68 2 3.9 -9.8
HERO Global X Video Games & Esports ETF 5.7 50 20 5.6 -8.1
VICE AdvisorShares Vice ETF 5.6 99 -29 5.6 -8.1
AGIQ Sofi Agentic AI ETF 5.4 69 1 7.2 -6.5
DINT Davis Select International ETF 5.4 55 15 6.1 -7.6
CCSO Carbon Collective Climate Solutions US Equity ETF 5.3 35 35 0.9 -12.8
HUMN Roundhill Humanoid Robotics ETF 5.0 75 -5 1.2 -12.5
EATZ AdvisorShares Restaurant ETF 4.9 101 -31 4.7 -9.0
ECNS iShares MSCI China Small-Cap ETF 4.7 59 11 8.1 -5.6
JIVE JPMorgan International Value ETF 4.5 55 15 8.4 -5.3
AVSE Avantis Responsible Emerging Markets Equity ETF 4.3 33 37 6.8 -6.9
PBW Invesco WilderHill Clean Energy ETF 4.3 66 4 -2.9 -16.6
BOTZ Global X Robotics & Artificial Intelligence ETF 4.2 69 1 1.8 -11.9
NERD Roundhill Video Games ETF 4.2 50 20 7.5 -6.2
BJK VanEck Gaming ETF 4.0 65 5 4.2 -9.5
ESPO VanEck Video Gaming and eSports ETF 4.0 56 14 6.3 -7.4
AVEM Avantis Emerging Markets Equity ETF 4.0 33 37 7.1 -6.6
PNQI Invesco NASDAQ Internet ETF 3.9 60 10 3.6 -10.1
TCHI iShares MSCI China Multisector Tech ETF 3.9 59 11 13.8 +0.1
ODDS Pacer BlueStar Digital Entertainment ETF 3.8 60 10 4.5 -9.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.8 65 5 7.5 -6.2
APIE ActivePassive International Equity ETF 3.8 45 25 6.4 -7.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 3.7 40 30 6.3 -7.4
JADE JPMorgan Active Developing Markets Equity ETF 3.7 65 5 6.1 -7.6
DRIV Global X Autonomous & Electric Vehicles ETF 3.5 68 2 3.1 -10.6
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 3.4 20 50 0.8 -12.9
TMAT Main Thematic Innovation ETF 3.3 164 -94 -2.0 -15.7
CHAT Roundhill Generative AI & Technology ETF 3.2 75 -5 4.5 -9.2
PBD Invesco Global Clean Energy ETF 3.2 75 -5 0.2 -13.5
LOGO Alpha Brands Consumption Leaders ETF 3.1 69 1 2.5 -11.2
AADR AdvisorShares Dorsey Wright ADR ETF 3.0 110 -40 2.9 -10.8
ABLG Abacus FCF International Leaders ETF 3.0 59 11 6.1 -7.6
HYP Golden Eagle Dynamic Hypergrowth ETF 2.9 85 -15 -0.8 -14.5
PXH Invesco FTSE RAFI Emerging Markets ETF 2.9 49 21 13.2 -0.5
AIQ Global X Artificial Intelligence & Technology ETF 2.8 68 2 3.0 -10.7
TMFG Motley Fool Global Opportunities ETF 2.7 85 -15 3.7 -10.0
BINV Brandes International ETF 2.7 70 0 8.6 -5.1
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.7 78 -8 9.7 -4.0
QQQJ Invesco NASDAQ Next Gen 100 ETF 2.6 15 55 4.1 -9.6
GXC SPDR S & P China ETF 2.6 59 11 17.3 +3.6
OGIG ALPS O'Shares Global Internet Giants ETF 2.6 48 22 2.5 -11.2
METV Roundhill Ball Metaverse ETF 2.6 59 11 7.9 -5.8
DTCR Global X Data Center & Digital Infrastructure ETF 2.6 50 20 3.4 -10.3
BNGE First Trust S-Network Streaming and Gaming ETF 2.5 70 0 3.0 -10.7
MOTI VanEck Morningstar International Moat ETF 2.5 58 12 9.7 -4.0
BEDZ AdvisorShares Hotel ETF 2.5 100 -30 5.3 -8.4
TRFM AAM Transformers ETF 2.5 49 21 1.0 -12.7
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 2.4 75 -5 3.5 -10.2
MEM Matthews Emerging Markets Equity Active ETF 2.4 79 -9 8.4 -5.3
XNTK State Street SPDR NYSE Technology ETF 2.4 35 35 2.7 -11.0
RTH VanEck Retail ETF 2.3 35 35 4.5 -9.2
SRVR Pacer Data & Infrastructure Real Estate ETF 2.2 55 15 3.5 -10.2
TTAI FCF International Quality ETF 2.1 59 11 6.7 -7.0
MCH Matthews China Active ETF 2.0 79 -9 14.4 +0.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 2.0 86 -16 11.9 -1.8
FDLS Inspire Fidelis Multi Factor ETF 2.0 76 -6 3.2 -10.5
MOTG VanEck Morningstar Global Wide Moat ETF 2.0 52 18 7.7 -6.0
QTUM Defiance Quantum ETF 2.0 40 30 4.1 -9.6
TAN Invesco Solar ETF 1.9 67 3 4.2 -9.5
CTEC Global X CleanTech ETF 1.9 50 20 -0.1 -13.8
CNRG State Street SPDR S&P Kensho Clean Power ETF 1.9 45 25 -0.0 -13.7
BATT Amplify Lithium & Battery Technology ETF 1.9 59 11 1.7 -12.0
GVIP Goldman Sachs Hedge Industry VIP ETF 1.9 45 25 2.4 -11.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.9 32 38 13.0 -0.7
LIVR Intelligent Livermore ETF 1.9 69 1 2.9 -10.8
DEHP Dimensional Emerging Markets High Profitability ETF 1.9 41 29 4.9 -8.8
FFND Future Fund Active ETF 1.8 100 -30 4.3 -9.4
FDCF Fidelity Disruptive Communications ETF 1.8 50 20 1.9 -11.8
FLCH Franklin FTSE China ETF 1.8 19 51 16.7 +3.0
AVES Avantis Emerging Markets Value ETF 1.8 36 34 8.8 -4.9
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.7 20 50 4.5 -9.2
YNOT Horizon Digital Frontier ETF 1.7 75 -5 2.5 -11.2
BPAY BlackRock Future Financial and Technology ETF 1.7 70 0 5.5 -8.2
SIMS State Street SPDR S&P Kensho Intelligent Structures ETF 1.6 45 25 4.2 -9.5
FFOX FundX Future Fund Opportunities ETF 1.5 100 -30 2.3 -11.4
IBUY Amplify Online Retail ETF 1.5 65 5 2.1 -11.6
ROBO ROBO Global Robotics & Automation Index ETF 1.5 95 -25 2.4 -11.3
DVYE iShares Emerging Markets Dividend ETF 1.5 49 21 17.0 +3.3
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.5 61 9 1.5 -12.2
CZA Invesco Zacks Mid-Cap ETF 1.4 72 -2 5.9 -7.8
GPT Intelligent Alpha Atlas ETF 1.4 69 1 6.0 -7.7
CLOU Global X Cloud Computing ETF 1.4 68 2 3.1 -10.6
CARZ First Trust NASDAQ Global Auto Index Fund 1.3 70 0 2.5 -11.2
FDEM Fidelity Emerging Markets Multifactor ETF 1.2 25 45 10.3 -3.4
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.2 65 5 1.5 -12.2
NUEM Nuveen ESG Emerging Markets Equity ETF 1.2 36 34 5.9 -7.8
ARKF ARK Fintech Innovation ETF 1.2 75 -5 0.2 -13.5
MINV Matthews Asia Innovators Active ETF 1.2 79 -9 5.5 -8.2
RGEF Rockefeller Global Equity ETF 1.2 55 15 3.9 -9.8
ARKW ARK Next Generation Internet ETF 1.1 87 -17 0.6 -13.1
FMET Fidelity Metaverse ETF 1.1 39 31 4.4 -9.3
EMMF WisdomTree Emerging Markets Multifactor Fund 1.1 48 22 8.6 -5.1
MCHI iShares MSCI China ETF 1.1 59 11 18.8 +5.1
DARP Grizzle Growth ETF 1.1 75 -5 1.7 -12.0
SFYF SoFi Social 50 ETF 1.1 29 41 0.8 -12.9
JCHI JPMorgan Active China ETF 1.1 65 5 14.7 +1.0
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.1 88 -18 8.4 -5.3
GMF SPDR S&P Emerging Asia Pacific ETF 1.0 49 21 8.6 -5.1
QQQS Invesco NASDAQ Future Gen 200 ETF 1.0 20 50 -3.8 -17.5
AVEE Avantis Emerging Markets Small Cap Equity ETF 1.0 42 28 7.3 -6.4
ARKK ARK Innovation ETF 1.0 75 -5 -2.9 -16.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.0 50 20 8.3 -5.4
CCNR ALPS CoreCommodity Natural Resources ETF 0.9 39 31 7.9 -5.8
FDNI First Trust Dow Jones International Internet ETF 0.9 65 5 22.5 +8.8
GURU Global X Guru Index ETF 0.9 75 -5 2.5 -11.2
DWLD Davis Select Worldwide ETF 0.9 63 7 6.7 -7.0
DFAE Dimensional Emerging Core Equity Market ETF 0.9 35 35 6.9 -6.8
XDAT Franklin Exponential Data ETF 0.9 50 20 1.3 -12.4
FRNW Fidelity Clean Energy ETF 0.9 39 31 1.8 -11.9
JGLO JPMorgan Global Select Equity ETF 0.9 33 37 4.2 -9.5
JOET Virtus Terranova US Quality Momentum ETF 0.9 29 41 3.8 -9.9
ECON Columbia Emerging Markets Consumer ETF 0.9 49 21 6.9 -6.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.8 38 32 6.9 -6.8
CVY Invesco Zacks Multi-Asset Income ETF 0.8 106 -36 10.1 -3.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.8 39 31 13.4 -0.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.8 66 4 7.3 -6.4
SPEM SPDR Portfolio Emerging Markets ETF 0.8 7 63 9.2 -4.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.8 75 -5 1.9 -11.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.8 41 29 6.8 -6.9
BBP Virtus LifeSci Biotech Products ETF 0.7 79 -9 -4.2 -17.9
SBIO ALPS Medical Breakthroughs ETF 0.7 50 20 0.0 -13.7
CANC Tema Oncology ETF 0.7 75 -5 -2.4 -16.1
ICLN iShares Global Clean Energy ETF 0.7 41 29 1.8 -11.9
SDG iShares MSCI Global Sustainable Development Goals ETF 0.7 49 21 4.5 -9.2
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.7 15 55 5.1 -8.6
REAI Intelligent Real Estate ETF 0.7 59 11 5.5 -8.2
SPAM Themes Cybersecurity ETF 0.7 35 35 2.6 -11.1
CLNR IQ Cleaner Transport ETF 0.7 45 25 3.9 -9.8
KGRN KraneShares MSCI China Clean Technology Index ETF 0.7 79 -9 2.9 -10.8
FMED Fidelity Disruptive Medicine ETF 0.7 50 20 -1.2 -14.9
CQQQ Invesco China Technology ETF 0.7 70 0 15.2 +1.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.7 60 10 9.0 -4.7
AIPO Defiance AI & Power Infrastructure ETF 0.6 69 1 0.7 -13.0
BKF iShares MSCI BIC ETF 0.6 69 1 13.6 -0.1
IQDF FlexShares International Quality Dividend Index Fund 0.6 47 23 7.6 -6.1
GGME Invesco Next Gen Media and Gaming ETF 0.6 60 10 4.6 -9.1
FLAX Franklin FTSE Asia Ex Japan ETF 0.6 19 51 7.2 -6.5
AOTS AOT Software Platform ETF 0.6 49 21 4.6 -9.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.6 15 55 8.9 -4.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.5 70 0 6.2 -7.5
CGGO Capital Group Global Growth Equity ETF 0.5 47 23 4.2 -9.5
GINX SGI Enhanced Global Income ETF 0.5 98 -28 6.8 -6.9
JIG JPMorgan International Growth ETF 0.5 55 15 3.6 -10.1
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.5 79 -9 3.7 -10.0
OPTZ Optimize Strategy Index ETF 0.5 50 20 3.6 -10.1
GINN Goldman Sachs Innovate Equity ETF 0.5 52 18 3.8 -9.9
LDEM iShares ESG MSCI EM Leaders ETF 0.5 17 53 12.0 -1.7
EWX SPDR S&P Emerging Markets Small Cap ETF 0.5 65 5 6.4 -7.3
DRNZ REX Drone ETF 0.5 65 5 -1.6 -15.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.5 4 66 5.6 -8.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.5 45 25 8.1 -5.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.5 30 40 8.0 -5.7
JGRO JPMorgan Active Growth ETF 0.5 44 26 2.4 -11.3
UMMA Wahed Dow Jones Islamic World ETF 0.4 65 5 3.7 -10.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.4 36 34 7.6 -6.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.4 33 37 6.8 -6.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.4 47 23 7.3 -6.4
DGT State Street SPDR Global Dow ETF 0.4 50 20 5.8 -7.9
BAI iShares AI Innovation and Tech Active ETF 0.4 55 15 1.0 -12.7
EMXF iShares ESG Advanced MSCI EM ETF 0.4 16 54 6.9 -6.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.4 32 38 7.5 -6.2
JHEM John Hancock Multifactor Emerging Markets ETF 0.4 49 21 7.6 -6.1
VWO Vanguard FTSE Emerging Markets ETF 0.4 7 63 8.9 -4.8
DFEV Dimensional Emerging Markets Value ETF 0.4 43 27 9.6 -4.1
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.3 72 -2 1.9 -11.8
FBOT Fidelity Disruptive Automation ETF 0.3 50 20 2.9 -10.8
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.3 50 20 5.0 -8.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 40 6.4 -7.3
IEMG iShares Core MSCI Emerging Markets ETF 0.3 9 61 8.1 -5.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.3 70 0 7.0 -6.7
ESGE iShares ESG Aware MSCI EM ETF 0.3 25 45 8.3 -5.4
EEMA iShares MSCI Emerging Markets Asia ETF 0.3 49 21 7.6 -6.1
EEM iShares MSCI Emerging Markets ETF 0.3 69 1 7.8 -5.9
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.3 35 35 11.0 -2.7
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 8 2.9 -10.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.3 15 55 8.0 -5.7
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.2 61 9 -0.7 -14.4
WGMI Valkyrie Bitcoin Miners ETF 0.2 75 -5 -2.9 -16.6
MNRS Grayscale Bitcoin Miners ETF 0.2 59 11 -2.3 -16.0
IHAK iShares Cybersecurity & Tech ETF 0.2 47 23 4.3 -9.4
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 59 7.9 -5.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 29 6.1 -7.6
ARKQ ARK Autonomous Technology & Robotics ETF 0.2 75 -5 0.9 -12.8
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 0.2 65 5 5.0 -8.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 49 2.9 -10.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 11 8.4 -5.3
SIXG Defiance Connective Technologies ETF 0.2 30 40 2.8 -10.9
EMGF iShares Emerging Markets Equity Factor ETF 0.2 25 45 9.0 -4.7
DTAN Sparkline International Intangible Value ETF 0.2 55 15 7.3 -6.4
IPO Renaissance IPO ETF 0.2 60 10 1.7 -12.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 40 7.6 -6.1
VERS ProShares Metaverse ETF 0.2 58 12 0.4 -13.3
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -19 4.5 -9.2
SCHE Schwab Emerging Markets Equity ETF 0.2 11 59 9.2 -4.5
IBB iShares Biotechnology ETF 0.2 45 25 -0.5 -14.2
BCOR Grayscale Bitcoin Adopters ETF 0.2 59 11 1.7 -12.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 8 62 6.2 -7.5
IBBQ Invesco Nasdaq Biotechnology ETF 0.1 19 51 0.3 -13.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 31 6.7 -7.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 52 6.4 -7.3
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.1 39 31 1.0 -12.7
IQM Franklin Intelligent Machines ETF 0.1 50 20 1.1 -12.6
BOTT Themes Robotics & Automation ETF 0.1 35 35 -4.0 -17.7
BKCH Global X Blockchain ETF 0.1 50 20 -2.8 -16.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 61 4.9 -8.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 21 6.0 -7.7
VSGX Vanguard ESG International Stock ETF 0.1 10 60 6.7 -7.0
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 41 7.0 -6.7
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 40 6.5 -7.2
VXUS Vanguard Total International Stock ETF 0.1 5 65 6.6 -7.1
POW VistaShares Electrification Supercycle ETF 0.1 75 -5 1.8 -11.9
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 63 6.6 -7.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 36 6.4 -7.3
GLOF iShares Global Equity Factor ETF 0.1 20 50 5.6 -8.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 66 6.7 -7.0
WRND IQ Global Equity R&D Leaders ETF 0.1 18 52 4.0 -9.7
FBCG Fidelity Blue Chip Growth ETF 0.1 59 11 2.1 -11.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 50 4.8 -8.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 31 6.2 -7.5
GWX SPDR S&P International Small Cap ETF 0.0 40 30 5.7 -8.0
VT Vanguard Total World Stock ETF 0.0 6 64 5.1 -8.6
ACWI iShares MSCI ACWI ETF 0.0 32 38 4.7 -9.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 59 4.2 -9.5
VYMI Vanguard International High Dividend Yield ETF 0.0 17 53 8.0 -5.7
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 52 0.0 -13.7
XT iShares Exponential Technologies ETF 0.0 46 24 4.0 -9.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 67 5.9 -7.8
AVDS Avantis International Small Cap Equity ETF 0.0 30 40 6.0 -7.7

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

  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:		 Invesco Golden Dragon China 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 15.7 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 13.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.48 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.