Invesco Golden Dragon China ETF
ALTAR
Score™		 4.9% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 13.4x P/Sales
ratio		 1.1x
P/BV
ratio		 1.2x 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 PowerShares
Website www.powershares.com
Inception date Dec 09, 2004
Assets (mns) $152
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 50
Wgt avg mkt cap (mns) $33,753
Large cap (>$10bn) 72.0%
Mid cap ($2-10bn) 20.0%
Small cap (<$2bn) 7.5%
Developed mkts 6.7%
Emerging mkts 93.3%

TOP TEN HOLDINGS
TRIP.COM GROUP LTD. SPONSORED ADR 8.5 %
ALIBABA GROUP HOLDING LTD. SPONSOR 8.0 %
YUM CHINA HOLDINGS, INC. 7.4 %
BAIDU INC - SPON ADR 7.1 %
NETEASE.COM INC-ADR 6.2 %
FULL TRUCK ALLIANCE CO LTD ADR 5.3 %
JD.COM INC-ADR 4.9 %
TENCENT MUSIC ENTERTAINMENT GROUP 4.7 %
ZTO EXPRESS (CAYMAN) INC. SPONSORE 4.5 %
KE HOLDINGS, INC. SPONSORED ADR CL 4.0 %
Total 60.6 %

TOP COUNTRY EXPOSURE
CHINA 93.9 %
CANADA 0.6 %









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.
-3.6% -12.9% -8.3% -0.8% 4.0%

Market Correlations
versus... Beta R-squared
S&P500 0.48 4%
MSCI EAFE 0.98 14%
MSCI Emg. Mkts. 1.96 59%

Technical Indicators
Recent close $25.00
30d moving avg. $25.96
Annualized volatility 45.0%
Short interest (ETF) 0.7%
Short interest (Underlying) 3.8%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 60
Turnover 1.0%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $3,899

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 218 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™: 4.9%


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
(%)
CGRO CoreValues Alpha Greater China Growth ETF 22.5 75 -5 2.6 -2.4
KWEB KraneShares CSI China Internet ETF 21.7 69 1 -0.7 -5.6
EBIZ Global X E-Commerce ETF 19.4 50 20 1.2 -3.8
SOCL Global X Social Media ETF 14.8 65 5 -5.8 -10.7
DINT Davis Select International ETF 10.9 55 15 4.7 -0.2
TCHI iShares MSCI China Multisector Tech ETF 10.2 59 11 3.0 -1.9
CHIQ Global X MSCI China Consumer Discretionary ETF 9.8 65 5 5.3 +0.4
BEDZ AdvisorShares Hotel ETF 9.8 100 -30 2.9 -2.1
ISHP First Trust Nasdaq Retail ETF 8.0 60 10 3.2 -1.8
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 7.4 18 52 7.9 +2.9
HERO Global X Video Games & Esports ETF 7.3 50 20 5.1 +0.2
EMC Global X Emerging Markets Great Consumer ETF 7.2 75 -5 4.9 -0.1
MCH Matthews China Active ETF 7.0 79 -9 6.1 +1.1
AADR AdvisorShares Dorsey Wright ADR ETF 6.9 110 -40 5.4 +0.4
FPXI First Trust International Equity Opportunities ETF 6.8 70 0 3.6 -1.3
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 6.4 68 2 5.3 +0.3
ESPO VanEck Video Gaming and eSports ETF 6.2 56 14 4.5 -0.4
MINV Matthews Asia Innovators Active ETF 6.1 79 -9 2.8 -2.1
ONLN ProShares Online Retail ETF 6.1 58 12 3.1 -1.9
AVEM Avantis Emerging Markets Equity ETF 5.5 33 37 9.1 +4.2
DWLD Davis Select Worldwide ETF 5.5 63 7 5.6 +0.7
JCHI JPMorgan Active China ETF 5.4 65 5 7.9 +3.0
SMOG VanEck Low Carbon Energy ETF 5.3 61 9 3.0 -1.9
CCSO Carbon Collective Climate Solutions US Equity ETF 5.0 35 35 2.3 -2.6
ECNS iShares MSCI China Small-Cap ETF 4.8 59 11 14.2 +9.2
AVES Avantis Emerging Markets Value ETF 4.7 36 34 12.1 +7.1
EMFQ Amplify Emerging Markets FinTech ETF 4.4 69 1 5.4 +0.5
PNQI Invesco NASDAQ Internet ETF 4.4 60 10 2.6 -2.3
AWAY ETFMG Travel Tech ETF 4.4 76 -6 -4.1 -9.0
KBUY KraneShares CICC China Consumer Leaders Index ETF 4.4 69 1 0.0 -4.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.3 65 5 8.4 +3.4
KALL KraneShares MSCI All China Index ETF 4.2 49 21 9.4 +4.4
MCHI iShares MSCI China ETF 4.1 59 11 8.9 +4.0
HAIL SPDR S&P Kensho Smart Mobility ETF 4.1 45 25 -2.0 -7.0
VICE AdvisorShares Vice ETF 4.1 99 -29 7.6 +2.6
MEM Matthews Emerging Markets Equity Active ETF 4.1 79 -9 5.7 +0.8
JHEM John Hancock Multifactor Emerging Markets ETF 4.0 49 21 8.3 +3.4
PTEC Global X PropTech ETF 4.0 50 20 1.7 -3.3
GINN Goldman Sachs Innovate Equity ETF 3.8 52 18 2.7 -2.2
METV Roundhill Ball Metaverse ETF 3.8 59 11 3.4 -1.6
QQQJ Invesco NASDAQ Next Gen 100 ETF 3.7 15 55 4.7 -0.2
GXC SPDR S&P China ETF 3.7 59 11 9.0 +4.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.6 70 0 11.4 +6.5
ODDS Pacer BlueStar Digital Entertainment ETF 3.4 60 10 3.0 -1.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 3.3 40 30 7.1 +2.2
AIQ Global X Artificial Intelligence & Technology ETF 3.3 68 2 4.2 -0.8
PBW Invesco WilderHill Clean Energy ETF 3.3 66 4 -19.8 -24.8
KOMP SPDR S&P Kensho New Economies Composite ETF 3.3 20 50 2.1 -2.9
KGRN KraneShares MSCI China Clean Technology Index ETF 3.1 79 -9 6.5 +1.6
OGIG ALPS O'Shares Global Internet Giants ETF 3.1 48 22 0.5 -4.5
JRNY ALPS Global Travel Beneficiaries ETF 3.0 65 5 0.0 -4.9
MRAD SmartETFs Advertising & Marketing Technology ETF 3.0 68 2 4.2 -0.8
BATT Amplify Lithium & Battery Technology ETF 3.0 59 11 2.9 -2.0
APIE ActivePassive International Equity ETF 3.0 45 25 7.7 +2.8
SEA U.S. Global Sea to Sky Cargo ETF 2.9 60 10 24.1 +19.1
CN Xtrackers MSCI All China Equity ETF 2.9 50 20 8.7 +3.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 2.9 86 -16 1.9 -3.0
CBSE Clough Select Equity ETF 2.9 85 -15 -2.3 -7.2
QQQN VictoryShares Nasdaq Next 50 ETF 2.8 18 52 4.5 -0.4
FFND Future Fund Active ETF 2.8 100 -30 0.3 -4.7
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.8 78 -8 8.8 +3.9
FLCH Franklin FTSE China ETF 2.7 19 51 9.6 +4.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 2.7 32 38 5.7 +0.7
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 2.6 20 50 5.4 +0.5
XNTK SPDR NYSE Technology ETF 2.5 35 35 4.0 -1.0
RTH VanEck Retail ETF 2.5 35 35 6.0 +1.1
DRIV Global X Autonomous & Electric Vehicles ETF 2.5 68 2 3.4 -1.6
TRFM AAM Transformers ETF 2.5 49 21 1.3 -3.7
PBD Invesco Global Clean Energy ETF 2.5 75 -5 -3.9 -8.8
KOIN Capital Link Global Fintech Leaders ETF 2.4 75 -5 4.6 -0.3
QTUM Defiance Quantum ETF 2.4 40 30 3.9 -1.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 2.4 15 55 7.1 +2.1
FDRV Fidelity Electric Vehicles and Future Transportation ETF 2.2 39 31 -3.5 -8.5
CNRG SPDR S&P Kensho Clean Power ETF 2.1 45 25 -7.5 -12.4
CTEC Global X CleanTech ETF 2.1 50 20 1.0 -4.0
TAN Invesco Solar ETF 2.1 67 3 6.2 +1.2
BKF iShares MSCI BIC ETF 2.1 69 1 7.1 +2.2
CRUZ Defiance Hotel Airline and Cruise ETF 2.1 45 25 -4.9 -9.9
WUGI AXS Esoterica NextG Economy ETF 2.1 75 -5 2.1 -2.8
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 2.1 72 -2 2.2 -2.8
FFTY Innovator IBD 50 ETF 2.0 80 -10 0.1 -4.9
JFWD Jacob Forward ETF 2.0 75 -5 0.0 -4.9
GVIP Goldman Sachs Hedge Industry VIP ETF 2.0 45 25 4.6 -0.3
CARZ First Trust NASDAQ Global Auto Index Fund 1.9 70 0 3.5 -1.5
TTAI FCF International Quality ETF 1.9 59 11 7.4 +2.5
FDNI First Trust Dow Jones International Internet ETF 1.8 65 5 2.8 -2.2
SFYF SoFi Social 50 ETF 1.8 29 41 -2.6 -7.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.8 36 34 7.5 +2.5
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.8 75 -5 5.2 +0.3
CQQQ Invesco China Technology ETF 1.8 70 0 -5.7 -10.6
IWFH iShares Virtual Work and Life Multisector ETF 1.7 47 23 -3.5 -8.4
IPO Renaissance IPO ETF 1.6 60 10 -3.2 -8.2
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.5 65 5 1.6 -3.3
TMFG Motley Fool Global Opportunities ETF 1.5 85 -15 3.3 -1.7
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.5 61 9 -4.0 -8.9
CVAR Cultivar ETF 1.5 87 -17 6.9 +2.0
NUEM Nuveen ESG Emerging Markets Equity ETF 1.5 36 34 6.8 +1.9
ERTH Invesco MSCI Sustainable Future ETF 1.4 62 8 3.7 -1.3
SIMS SPDR S&P Kensho Intelligent Structures ETF 1.4 45 25 -3.3 -8.2
IBUY Amplify Online Retail ETF 1.4 65 5 1.8 -3.2
UMMA Wahed Dow Jones Islamic World ETF 1.4 65 5 4.3 -0.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.4 50 20 10.5 +5.6
EEMA iShares MSCI Emerging Markets Asia ETF 1.3 49 21 6.7 +1.7
ECON Columbia Emerging Markets Consumer ETF 1.3 49 21 4.8 -0.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.3 45 25 8.6 +3.7
MOON Direxion Moonshot Innovators ETF 1.3 65 5 0.0 -4.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.3 20 50 7.5 +2.5
GMF SPDR S&P Emerging Asia Pacific ETF 1.2 49 21 6.4 +1.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.2 70 0 6.3 +1.4
EMMF WisdomTree Emerging Markets Multifactor Fund 1.2 48 22 9.4 +4.4
VERS ProShares Metaverse ETF 1.2 58 12 -8.3 -13.2
LDEM iShares ESG MSCI EM Leaders ETF 1.2 17 53 7.8 +2.8
BLOK Amplify Transformational Data Sharing ETF 1.2 75 -5 1.1 -3.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.1 66 4 7.2 +2.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.1 30 40 7.5 +2.6
EMXF iShares ESG Advanced MSCI EM ETF 1.1 16 54 7.4 +2.5
BNE Blue Horizon BNE ETF 1.1 87 -17 5.0 +0.1
FRNW Fidelity Clean Energy ETF 1.1 39 31 3.7 -1.2
JETS U.S. Global Jets ETF 1.1 60 10 -15.6 -20.5
FDEM Fidelity Emerging Markets Multifactor ETF 1.1 25 45 11.9 +7.0
QQQS Invesco NASDAQ Future Gen 200 ETF 1.0 20 50 -7.8 -12.8
EEM iShares MSCI Emerging Markets ETF 1.0 69 1 7.0 +2.0
MAKX ProShares S&P Kensho Smart Factories ETF 1.0 58 12 0.4 -4.5
IEMG iShares Core MSCI Emerging Markets ETF 1.0 9 61 7.5 +2.6
SPEM SPDR Portfolio Emerging Markets ETF 0.9 7 63 7.5 +2.6
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.9 60 10 0.9 -4.0
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 0.9 47 23 0.7 -4.3
ETEC iShares Breakthrough Environmental Solutions ETF 0.8 47 23 5.3 +0.4
SDG iShares MSCI Global Sustainable Development Goals ETF 0.8 49 21 5.8 +0.9
FLAX Franklin FTSE Asia Ex Japan ETF 0.8 19 51 7.2 +2.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.8 65 5 7.7 +2.8
VWO Vanguard FTSE Emerging Markets ETF 0.8 8 62 7.6 +2.7
ESGE iShares ESG Aware MSCI EM ETF 0.8 25 45 7.7 +2.8
PXH Invesco FTSE RAFI Emerging Markets ETF 0.7 49 21 12.4 +7.5
IBOT Vaneck Robotics ETF 0.7 47 23 3.7 -1.2
DFAE Dimensional Emerging Core Equity Market ETF 0.6 35 35 7.7 +2.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.6 33 37 7.2 +2.2
IVES Wedbush ETFMG Global Cloud Technology ETF 0.6 68 2 1.4 -3.5
FMET Fidelity Metaverse ETF 0.6 39 31 4.4 -0.6
QINT American Century Quality Diversified International ETF 0.6 39 31 7.4 +2.5
DEHP Dimensional Emerging Markets High Profitability ETF 0.6 41 29 7.3 +2.4
CLOU Global X Cloud Computing ETF 0.6 68 2 2.1 -2.9
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.6 79 -9 5.1 +0.2
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 0.6 55 15 3.6 -1.3
RAYS Global X Solar ETF 0.6 51 19 4.7 -0.3
BECO BlackRock Future Climate and Sustainable Economy ETF 0.6 70 0 13.7 +8.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.6 59 11 9.6 +4.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.5 41 29 7.8 +2.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.5 70 0 7.2 +2.3
ICLN iShares Global Clean Energy ETF 0.5 41 29 4.3 -0.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.5 32 38 6.3 +1.3
SCHE Schwab Emerging Markets Equity ETF 0.5 11 59 7.6 +2.6
DTCR Global X Data Center & Digital Infrastructure ETF 0.5 50 20 2.7 -2.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.5 30 40 8.5 +3.6
JIG JPMorgan International Growth ETF 0.4 55 15 4.3 -0.6
GERM ETFMG Treatments Testing and Advancements ETF 0.4 68 2 -6.6 -11.5
BBP Virtus LifeSci Biotech Products ETF 0.4 79 -9 -4.8 -9.7
SBIO ALPS Medical Breakthroughs ETF 0.4 50 20 -4.8 -9.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.4 38 32 8.2 +3.3
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 40 6.8 +1.9
DGT SPDR Global Dow ETF 0.4 50 20 6.7 +1.7
CGGO Capital Group Global Growth Equity ETF 0.4 47 23 4.3 -0.6
CLNR IQ Cleaner Transport ETF 0.4 45 25 8.3 +3.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 49 3.9 -1.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.3 11 59 7.7 +2.8
SRVR Pacer Data & Infrastructure Real Estate ETF 0.3 55 15 2.9 -2.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 40 7.8 +2.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 29 6.7 +1.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 36 6.7 +1.8
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 63 6.9 +2.0
FBCG Fidelity Blue Chip Growth ETF 0.3 59 11 2.6 -2.4
INNO Harbor Disruptive Innovation ETF 0.3 75 -5 -3.5 -8.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.3 7 63 6.5 +1.6
FDWM Fidelity Women's Leadership ETF 0.2 59 11 4.8 -0.1
DFEV Dimensional Emerging Markets Value ETF 0.2 43 27 10.9 +6.0
VXUS Vanguard Total International Stock ETF 0.2 7 63 7.1 +2.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 31 12.5 +7.6
VSGX Vanguard ESG International Stock ETF 0.2 12 58 6.8 +1.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 8 62 7.2 +2.3
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.2 50 20 5.8 +0.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.2 80 -10 11.0 +6.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 61 5.7 +0.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.2 25 45 7.0 +2.1
WFH Direxion Work From Home ETF 0.1 45 25 0.0 -4.9
FCLD Fidelity Cloud Computing ETF 0.1 39 31 2.4 -2.6
IBB iShares Biotechnology ETF 0.1 45 25 0.9 -4.1
BKCH Global X Blockchain ETF 0.1 50 20 -5.2 -10.1
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.1 61 9 -13.0 -17.9
IBLC iShares Blockchain and Tech ETF 0.1 47 23 -1.0 -5.9
BWEB Bitwise Web3 ETF 0.1 85 -15 0.9 -4.0
GFOF Grayscale Future of Finance ETF 0.1 70 0 -4.0 -8.9
FDIG Fidelity Crypto Industry and Digital Payments ETF 0.1 39 31 -1.3 -6.3
BITQ Bitwise Crypto Industry Innovators ETF 0.1 85 -15 -4.7 -9.6
DAPP VanEck Digital Transformation ETF 0.1 50 20 -8.5 -13.5
ACWI iShares MSCI ACWI ETF 0.1 32 38 5.5 +0.5
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.1 12 58 7.3 +2.4
IBBQ Invesco Nasdaq Biotechnology ETF 0.1 19 51 0.9 -4.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -5 4.7 -0.2
VT Vanguard Total World Stock ETF 0.1 7 63 5.8 +0.9
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.1 9 61 5.0 +0.1
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.1 45 25 6.2 +1.3
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.1 10 60 5.4 +0.5
IQDE FlexShares International Quality Dividend Defensive Index ET 0.1 47 23 10.7 +5.7
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 50 6.7 +1.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 50 5.6 +0.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.0 20 50 10.7 +5.8
BKLC BNY Mellon US Large Cap Core Equity ETF 0.0 0 70 5.3 +0.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.0 7 63 5.2 +0.3
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -19 4.8 -0.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 59 5.2 +0.3
TGRW T. Rowe Price Growth Stock ETF 0.0 52 18 4.2 -0.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 58 5.1 +0.1
TCHP T. Rowe Price Blue Chip Growth ETF 0.0 57 13 3.6 -1.4
RVRB Reverb ETF 0.0 30 40 5.0 +0.0
VYMI Vanguard International High Dividend Yield ETF 0.0 22 48 9.7 +4.8
KRUZ Unusual Whales Subversive Republican Trading ETF 0.0 75 -5 4.9 0.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 31 7.6 +2.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 67 6.9 +2.0

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:		 Invesco Golden Dragon China ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 6.6 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 4.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.24 CATEGORY
AVERAGE		 1.39
 
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.