Invesco Golden Dragon China ETF
ALTAR
Score™		 12.8% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 10.3x P/Sales
ratio		 1.0x
P/BV
ratio		 1.3x Div.
yield		 0.9%


  • 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) $158
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) $57,940
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 October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
23.4% 20.6% -8.2% 1.8% 5.2%

Market Correlations
versus... Beta R-squared
S&P500 1.22 15%
MSCI EAFE 1.63 36%
MSCI Emg. Mkts. 1.92 58%

Technical Indicators
Recent close $31.92
30d moving avg. $32.51
Annualized volatility 40.3%
Short interest (ETF) 0.7%
Short interest (Underlying) 3.8%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 34
Turnover 0.7%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $2,525

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 214 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™: 12.8%


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 20.8 69 1 23.8 +11.0
CGRO CoreValues Alpha Greater China Growth ETF 17.4 75 -5 3.3 -9.5
EBIZ Global X E-Commerce ETF 17.1 50 20 3.9 -8.9
SOCL Global X Social Media ETF 16.3 65 5 10.4 -2.4
ONLN ProShares Online Retail ETF 11.9 58 12 2.4 -10.4
ISHP First Trust Nasdaq Retail ETF 8.3 60 10 5.4 -7.4
DINT Davis Select International ETF 7.9 55 15 7.5 -5.3
TCHI iShares MSCI China Multisector Tech ETF 7.7 59 11 15.6 +2.9
CHIQ Global X MSCI China Consumer Discretionary ETF 7.6 65 5 13.6 +0.8
SMOG VanEck Low Carbon Energy ETF 7.4 61 9 1.5 -11.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 6.8 15 55 7.2 -5.6
HAIL SPDR S&P Kensho Smart Mobility ETF 6.5 45 25 1.3 -11.5
CCSO Carbon Collective Climate Solutions US Equity ETF 6.4 35 35 1.2 -11.6
VICE AdvisorShares Vice ETF 5.7 99 -29 6.4 -6.4
HERO Global X Video Games & Esports ETF 5.7 50 20 4.3 -8.5
APIE ActivePassive International Equity ETF 5.7 45 25 7.1 -5.7
AVEM Avantis Emerging Markets Equity ETF 5.7 33 37 7.9 -4.9
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 5.5 68 2 3.7 -9.1
AVSE Avantis Responsible Emerging Markets Equity ETF 5.4 33 37 7.7 -5.1
KOMP SPDR S&P Kensho New Economies Composite ETF 5.4 20 50 2.7 -10.1
ABLG Abacus FCF International Leaders ETF 4.6 59 11 6.4 -6.4
JCHI JPMorgan Active China ETF 4.6 65 5 13.8 +1.0
ECNS iShares MSCI China Small-Cap ETF 4.5 59 11 8.8 -4.0
GINN Goldman Sachs Innovate Equity ETF 4.4 52 18 3.5 -9.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 4.4 72 -2 -1.3 -14.0
PBW Invesco WilderHill Clean Energy ETF 4.3 66 4 -3.1 -15.9
AIQ Global X Artificial Intelligence & Technology ETF 4.3 68 2 3.3 -9.5
MINV Matthews Asia Innovators Active ETF 4.3 79 -9 6.5 -6.3
XNTK SPDR NYSE Technology ETF 4.2 35 35 3.4 -9.4
NERD Roundhill Video Games ETF 4.2 50 20 6.2 -6.6
BNGE First Trust S-Network Streaming and Gaming ETF 4.2 70 0 2.7 -10.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.2 40 30 6.5 -6.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.1 65 5 7.9 -4.9
TIME Clockwise Core Equity & Innovation ETF 4.1 95 -25 3.8 -9.0
DRIV Global X Autonomous & Electric Vehicles ETF 4.1 68 2 4.4 -8.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 4.0 78 -8 9.0 -3.8
ESPO VanEck Video Gaming and eSports ETF 4.0 56 14 5.0 -7.8
ODDS Pacer BlueStar Digital Entertainment ETF 4.0 60 10 2.6 -10.2
EATZ AdvisorShares Restaurant ETF 4.0 101 -31 8.0 -4.8
PNQI Invesco NASDAQ Internet ETF 3.9 60 10 3.4 -9.4
DWLD Davis Select Worldwide ETF 3.6 63 7 7.1 -5.7
KALL KraneShares MSCI All China Index ETF 3.6 49 21 12.7 -0.1
METV Roundhill Ball Metaverse ETF 3.5 59 11 8.6 -4.2
BINV Brandes International ETF 3.3 70 0 9.2 -3.6
PBD Invesco Global Clean Energy ETF 3.2 75 -5 0.8 -12.0
TMAT Main Thematic Innovation ETF 3.0 164 -94 -1.5 -14.3
BATT Amplify Lithium & Battery Technology ETF 3.0 59 11 2.7 -10.1
QTUM Defiance Quantum ETF 2.9 40 30 5.0 -7.8
PXH Invesco FTSE RAFI Emerging Markets ETF 2.9 49 21 14.6 +1.8
RTH VanEck Retail ETF 2.9 35 35 5.5 -7.3
AADR AdvisorShares Dorsey Wright ADR ETF 2.8 110 -40 4.7 -8.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 2.7 86 -16 13.1 +0.3
GXC SPDR S&P China ETF 2.7 59 11 15.2 +2.4
OGIG ALPS O'Shares Global Internet Giants ETF 2.7 48 22 2.1 -10.7
FLCH Franklin FTSE China ETF 2.7 19 51 14.9 +2.1
QQQJ Invesco NASDAQ Next Gen 100 ETF 2.6 15 55 4.7 -8.1
MCH Matthews China Active ETF 2.6 79 -9 13.5 +0.7
DTCR Global X Data Center & Digital Infrastructure ETF 2.6 50 20 3.5 -9.3
SRVR Pacer Data & Infrastructure Real Estate ETF 2.6 55 15 4.2 -8.6
GVIP Goldman Sachs Hedge Industry VIP ETF 2.5 45 25 3.1 -9.7
AVES Avantis Emerging Markets Value ETF 2.4 36 34 10.6 -2.2
TMFG Motley Fool Global Opportunities ETF 2.4 85 -15 4.0 -8.8
MOTI VanEck Morningstar International Moat ETF 2.4 58 12 10.4 -2.4
NUEM Nuveen ESG Emerging Markets Equity ETF 2.3 36 34 7.0 -5.8
TRFM AAM Transformers ETF 2.3 49 21 1.2 -11.6
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 2.3 75 -5 3.2 -9.6
JIG JPMorgan International Growth ETF 2.1 55 15 4.5 -8.3
FDCF Fidelity Disruptive Communications ETF 2.1 50 20 4.0 -8.8
TTAI FCF International Quality ETF 2.1 59 11 7.2 -5.6
SIMS SPDR S&P Kensho Intelligent Structures ETF 2.1 45 25 4.5 -8.3
MEM Matthews Emerging Markets Equity Active ETF 2.0 79 -9 7.0 -5.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.0 75 -5 2.7 -10.1
MOTG VanEck Morningstar Global Wide Moat ETF 2.0 52 18 8.6 -4.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 2.0 42 28 9.3 -3.5
TAN Invesco Solar ETF 1.9 67 3 5.7 -7.1
CTEC Global X CleanTech ETF 1.9 50 20 0.5 -12.3
CNRG SPDR S&P Kensho Clean Power ETF 1.9 45 25 1.4 -11.4
LIVR Intelligent Livermore ETF 1.9 69 1 3.3 -9.5
ARKQ ARK Autonomous Technology & Robotics ETF 1.8 75 -5 0.9 -11.9
SFYF SoFi Social 50 ETF 1.8 29 41 0.9 -11.9
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.8 32 38 12.9 +0.1
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.7 20 50 4.4 -8.4
LYLD Cambria Large Cap Shareholder Yield ETF 1.7 59 11 10.0 -2.8
GURU Global X Guru Index ETF 1.7 75 -5 3.1 -9.7
RGEF Rockefeller Global Equity ETF 1.7 55 15 4.5 -8.3
FDLS Inspire Fidelis Multi Factor ETF 1.6 76 -6 4.7 -8.1
MCHI iShares MSCI China ETF 1.6 59 11 16.2 +3.4
DEHP Dimensional Emerging Markets High Profitability ETF 1.5 41 29 6.1 -6.7
CLOU Global X Cloud Computing ETF 1.5 68 2 2.2 -10.6
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.5 61 9 1.8 -11.0
EMMF WisdomTree Emerging Markets Multifactor Fund 1.5 48 22 6.9 -5.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.4 50 20 10.1 -2.7
CZA Invesco Zacks Mid-Cap ETF 1.4 72 -2 7.5 -5.3
DFAE Dimensional Emerging Core Equity Market ETF 1.4 35 35 8.3 -4.5
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.3 65 5 1.8 -11.0
CARZ First Trust NASDAQ Global Auto Index Fund 1.3 70 0 4.0 -8.8
FDEM Fidelity Emerging Markets Multifactor ETF 1.3 25 45 11.7 -1.1
IBUY Amplify Online Retail ETF 1.2 65 5 2.6 -10.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.2 66 4 8.6 -4.2
FDNI First Trust Dow Jones International Internet ETF 1.2 65 5 20.6 +7.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.2 41 29 7.9 -4.9
FMET Fidelity Metaverse ETF 1.1 39 31 4.4 -8.4
GMF SPDR S&P Emerging Asia Pacific ETF 1.1 49 21 9.1 -3.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.0 39 31 15.3 +2.5
QQQS Invesco NASDAQ Future Gen 200 ETF 1.0 20 50 -4.5 -17.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.0 59 11 8.3 -4.5
ARKK ARK Innovation ETF 1.0 75 -5 -2.3 -15.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.0 38 32 8.3 -4.5
FLAX Franklin FTSE Asia Ex Japan ETF 1.0 19 51 8.1 -4.7
JHEM John Hancock Multifactor Emerging Markets ETF 1.0 49 21 9.1 -3.7
ARKW ARK Next Generation Internet ETF 0.9 87 -17 0.5 -12.3
SPEM SPDR Portfolio Emerging Markets ETF 0.9 7 63 10.1 -2.7
FRNW Fidelity Clean Energy ETF 0.9 39 31 2.1 -10.7
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.9 15 55 6.1 -6.7
BKF iShares MSCI BIC ETF 0.9 69 1 12.7 -0.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.9 45 25 9.3 -3.5
ARKF ARK Fintech Innovation ETF 0.8 75 -5 0.1 -12.7
JOET Virtus Terranova US Quality Momentum ETF 0.8 29 41 4.8 -8.0
CVY Invesco Zacks Multi-Asset Income ETF 0.8 106 -36 12.0 -0.8
FFOX FundX Future Fund Opportunities ETF 0.8 100 -30 4.1 -8.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.8 36 34 8.7 -4.1
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.8 60 10 9.6 -3.2
BBP Virtus LifeSci Biotech Products ETF 0.7 79 -9 -1.7 -14.4
FMED Fidelity Disruptive Medicine ETF 0.7 50 20 -0.7 -13.4
SBIO ALPS Medical Breakthroughs ETF 0.7 50 20 0.0 -12.8
CANC Tema Oncology ETF 0.7 75 -5 -2.7 -15.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.7 30 40 9.2 -3.6
SDG iShares MSCI Global Sustainable Development Goals ETF 0.7 49 21 5.0 -7.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.7 65 5 7.6 -5.2
FCLD Fidelity Cloud Computing ETF 0.7 39 31 3.2 -9.6
SPAM Themes Cybersecurity ETF 0.7 35 35 2.3 -10.5
CLNR IQ Cleaner Transport ETF 0.7 45 25 5.0 -7.8
KGRN KraneShares MSCI China Clean Technology Index ETF 0.7 79 -9 0.3 -12.5
GINX SGI Enhanced Global Income ETF 0.7 98 -28 8.2 -4.6
EMXF iShares ESG Advanced MSCI EM ETF 0.7 16 54 7.7 -5.1
IQDF FlexShares International Quality Dividend Index Fund 0.7 47 23 8.5 -4.3
CQQQ Invesco China Technology ETF 0.7 70 0 14.3 +1.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.6 33 37 9.0 -3.8
GGME Invesco Next Gen Media and Gaming ETF 0.6 60 10 4.4 -8.4
ICLN iShares Global Clean Energy ETF 0.6 41 29 3.0 -9.8
WFH Direxion Work From Home ETF 0.6 45 25 3.7 -9.1
DFEV Dimensional Emerging Markets Value ETF 0.6 43 27 11.6 -1.2
ECON Columbia Emerging Markets Consumer ETF 0.6 49 21 11.2 -1.6
EEMA iShares MSCI Emerging Markets Asia ETF 0.6 49 21 8.6 -4.2
DGT SPDR Global Dow ETF 0.5 50 20 6.6 -6.2
VWO Vanguard FTSE Emerging Markets ETF 0.5 7 63 9.9 -2.9
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.5 35 35 15.7 +2.9
UMMA Wahed Dow Jones Islamic World ETF 0.5 65 5 4.7 -8.1
LDEM iShares ESG MSCI EM Leaders ETF 0.5 17 53 13.4 +0.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.5 70 0 8.0 -4.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.5 4 66 6.0 -6.8
JGRO JPMorgan Active Growth ETF 0.5 44 26 3.4 -9.4
CVAR Cultivar ETF 0.5 87 -17 7.0 -5.8
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.5 79 -9 4.8 -8.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.5 70 0 7.3 -5.5
IEMG iShares Core MSCI Emerging Markets ETF 0.5 9 61 9.4 -3.4
EEM iShares MSCI Emerging Markets ETF 0.4 69 1 9.1 -3.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 40 7.4 -5.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.4 47 23 7.8 -5.0
SCHE Schwab Emerging Markets Equity ETF 0.4 11 59 10.2 -2.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.4 30 40 8.5 -4.3
BOTZ Global X Robotics & Artificial Intelligence ETF 0.3 69 1 1.9 -10.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 38 8.0 -4.8
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 49 3.6 -9.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.3 15 55 9.2 -3.6
BKEM BNY Mellon Emerging Markets Equity ETF 0.3 11 59 8.9 -3.9
JGLO JPMorgan Global Select Equity ETF 0.3 33 37 4.9 -7.9
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 45 10.3 -2.5
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 8 3.3 -9.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 52 7.2 -5.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 29 7.0 -5.8
ESGE iShares ESG Aware MSCI EM ETF 0.2 25 45 9.0 -3.8
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.2 61 9 -0.6 -13.4
BKCH Global X Blockchain ETF 0.2 50 20 -3.2 -16.0
WGMI Valkyrie Bitcoin Miners ETF 0.2 75 -5 -3.7 -16.5
EMC Global X Emerging Markets Great Consumer ETF 0.2 75 -5 7.0 -5.8
WISE Themes Generative Artificial Intelligence ETF 0.2 35 35 -0.4 -13.2
FBCG Fidelity Blue Chip Growth ETF 0.2 59 11 2.8 -10.0
VERS ProShares Metaverse ETF 0.2 58 12 0.1 -12.7
SIXG Defiance Connective Technologies ETF 0.2 30 40 3.8 -9.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 8 62 7.2 -5.6
IBB iShares Biotechnology ETF 0.2 45 25 -0.0 -12.8
JAVA JPMorgan Active Value ETF 0.2 44 26 6.4 -6.4
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 40 7.3 -5.5
BCOR Grayscale Bitcoin Adopters ETF 0.2 59 11 1.9 -10.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 61 5.5 -7.3
VXUS Vanguard Total International Stock ETF 0.2 5 65 7.5 -5.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 36 7.2 -5.6
IBBQ Invesco Nasdaq Biotechnology ETF 0.1 19 51 0.3 -12.5
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 63 7.4 -5.4
GLOF iShares Global Equity Factor ETF 0.1 20 50 6.6 -6.2
VSGX Vanguard ESG International Stock ETF 0.1 10 60 7.4 -5.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 66 7.6 -5.2
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.1 39 31 -1.2 -14.0
IQM Franklin Intelligent Machines ETF 0.1 50 20 1.8 -11.0
XITK SPDR FactSet Innovative Technology ETF 0.1 45 25 -0.1 -12.9
BOTT Themes Robotics & Automation ETF 0.1 35 35 -1.2 -13.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 21 6.9 -5.9
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 41 7.3 -5.5
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -19 5.0 -7.8
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.1 50 20 5.4 -7.4
CCNR ALPS CoreCommodity Natural Resources ETF 0.1 39 31 9.2 -3.6
GWX SPDR S&P International Small Cap ETF 0.1 40 30 6.7 -6.1
VYMI Vanguard International High Dividend Yield ETF 0.1 17 53 9.2 -3.6
VT Vanguard Total World Stock ETF 0.1 6 64 5.6 -7.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 50 5.4 -7.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 31 5.7 -7.1
ACWI iShares MSCI ACWI ETF 0.0 32 38 5.3 -7.5
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 59 4.8 -8.0
EBI Longview Advantage ETF 0.0 35 35 6.7 -6.1
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 67 6.6 -6.2
XT iShares Exponential Technologies ETF 0.0 46 24 4.5 -8.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 58 5.0 -7.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 31 6.4 -6.4

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:		 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 16.0 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 12.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.48 CATEGORY
AVERAGE		 1.53
 
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.