Invesco Golden Dragon China ETF
ALTAR
Score™		 4.9% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 13.5x P/Sales
ratio		 1.0x
P/BV
ratio		 1.3x Div.
yield		 0.6%


  • 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) $145
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 49
Wgt avg mkt cap (mns) $40,980
Large cap (>$10bn) 69.2%
Mid cap ($2-10bn) 24.2%
Small cap (<$2bn) 6.0%
Developed mkts 6.4%
Emerging mkts 93.6%

TOP TEN HOLDINGS
YUM CHINA HOLDINGS, INC. 9.4 %
JD.COM INC-ADR 8.7 %
TRIP.COM GROUP LTD. SPONSORED ADR 8.7 %
ALIBABA GROUP HOLDING LTD. SPONSOR 7.3 %
FULL TRUCK ALLIANCE CO LTD ADR 6.5 %
BAIDU INC - SPON ADR 6.2 %
KE HOLDINGS, INC. SPONSORED ADR CL 4.5 %
NETEASE.COM INC-ADR 3.7 %
TENCENT MUSIC ENTERTAINMENT GROUP 3.7 %
ZTO EXPRESS (CAYMAN) INC. SPONSORE 3.4 %
Total 62.1 %

TOP COUNTRY EXPOSURE
CHINA 93.0 %
CANADA 0.4 %









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.
10.7% 15.8% -4.6% 0.1% 4.6%

Market Correlations
versus... Beta R-squared
S&P500 0.46 3%
MSCI EAFE 0.99 14%
MSCI Emg. Mkts. 2.02 57%

Technical Indicators
Recent close $25.76
30d moving avg. $27.57
Annualized volatility 46.8%
Short interest (ETF) 1.1%
Short interest (Underlying) 3.8%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 119
Turnover 2.1%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $3,503

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™: 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 21.9 75 -5 2.0 -2.9
KWEB KraneShares CSI China Internet ETF 20.1 69 1 -1.4 -6.3
EBIZ Global X E-Commerce ETF 20.0 50 20 2.1 -2.9
SOCL Global X Social Media ETF 13.7 65 5 -6.4 -11.3
TCHI iShares MSCI China Multisector Tech ETF 9.2 59 11 1.9 -3.1
DINT Davis Select International ETF 9.1 55 15 6.0 +1.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 8.7 70 0 9.2 +4.3
CHIQ Global X MSCI China Consumer Discretionary ETF 8.5 65 5 5.9 +1.0
ISHP First Trust Nasdaq Retail ETF 8.4 60 10 2.9 -2.1
AADR AdvisorShares Dorsey Wright ADR ETF 8.0 110 -40 5.6 +0.7
HAIL SPDR S&P Kensho Smart Mobility ETF 7.1 45 25 -3.0 -7.9
ONLN ProShares Online Retail ETF 6.7 58 12 3.3 -1.6
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 6.5 18 52 6.8 +1.9
SMOG VanEck Low Carbon Energy ETF 6.4 61 9 2.4 -2.6
BNGE First Trust S-Network Streaming and Gaming ETF 6.3 70 0 -3.5 -8.4
CCSO Carbon Collective Climate Solutions US Equity ETF 5.8 35 35 1.9 -3.0
EMFQ Amplify Emerging Markets FinTech ETF 5.6 69 1 5.3 +0.4
JCHI JPMorgan Active China ETF 5.3 65 5 8.0 +3.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 5.1 15 55 10.2 +5.3
HERO Global X Video Games & Esports ETF 5.1 50 20 4.4 -0.5
BEDZ AdvisorShares Hotel ETF 5.0 100 -30 1.7 -3.2
EMC Global X Emerging Markets Great Consumer ETF 4.9 75 -5 4.5 -0.4
PTEC Global X PropTech ETF 4.5 50 20 1.6 -3.4
LIVR Intelligent Livermore ETF 4.5 69 1 6.0 +1.1
PNQI Invesco NASDAQ Internet ETF 4.4 60 10 2.3 -2.6
MCH Matthews China Active ETF 4.4 79 -9 5.4 +0.5
AWAY ETFMG Travel Tech ETF 4.4 76 -6 -5.2 -10.1
AVEM Avantis Emerging Markets Equity ETF 4.4 33 37 8.9 +4.0
DWLD Davis Select Worldwide ETF 4.3 63 7 6.7 +1.8
QQQN VictoryShares Nasdaq Next 50 ETF 4.3 18 52 4.9 -0.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.2 65 5 8.2 +3.3
RTH VanEck Retail ETF 4.1 35 35 6.3 +1.4
QQQJ Invesco NASDAQ Next Gen 100 ETF 4.1 15 55 4.5 -0.4
ECNS iShares MSCI China Small-Cap ETF 4.0 59 11 14.2 +9.3
DRIV Global X Autonomous & Electric Vehicles ETF 4.0 68 2 4.8 -0.1
GINX SGI Enhanced Global Income ETF 4.0 98 -28 5.6 +0.7
MINV Matthews Asia Innovators Active ETF 4.0 79 -9 3.0 -1.9
KGRN KraneShares MSCI China Clean Technology Index ETF 4.0 79 -9 5.6 +0.7
OGIG ALPS O'Shares Global Internet Giants ETF 3.8 48 22 1.9 -3.0
PBW Invesco WilderHill Clean Energy ETF 3.8 66 4 -13.7 -18.6
AIQ Global X Artificial Intelligence & Technology ETF 3.7 68 2 4.0 -0.9
ESPO VanEck Video Gaming and eSports ETF 3.7 56 14 3.5 -1.4
KALL KraneShares MSCI All China Index ETF 3.7 49 21 9.0 +4.1
PBD Invesco Global Clean Energy ETF 3.6 75 -5 -5.3 -10.2
BATT Amplify Lithium & Battery Technology ETF 3.6 59 11 -0.1 -5.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 3.4 72 -2 1.0 -3.9
CXSE WisdomTree China ex-State-Owned Enterprises Fund 3.4 32 38 6.1 +1.1
GXC SPDR S&P China ETF 3.3 59 11 8.3 +3.4
AVES Avantis Emerging Markets Value ETF 3.3 36 34 11.6 +6.7
METV Roundhill Ball Metaverse ETF 3.2 59 11 3.4 -1.6
MCHI iShares MSCI China ETF 3.1 59 11 8.4 +3.5
GINN Goldman Sachs Innovate Equity ETF 3.1 52 18 2.8 -2.2
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 3.1 20 50 5.6 +0.6
MEM Matthews Emerging Markets Equity Active ETF 3.0 79 -9 5.4 +0.5
ODDS Pacer BlueStar Digital Entertainment ETF 3.0 60 10 2.3 -2.6
APIE ActivePassive International Equity ETF 3.0 45 25 8.1 +3.2
SEA U.S. Global Sea to Sky Cargo ETF 3.0 60 10 21.5 +16.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 3.0 40 30 8.3 +3.4
QTUM Defiance Quantum ETF 2.9 40 30 3.6 -1.3
BINV Brandes International ETF 2.8 70 0 8.5 +3.6
XNTK SPDR NYSE Technology ETF 2.7 35 35 4.2 -0.8
BOUT Innovator IBD Breakout Opportunities ETF 2.7 81 -11 3.6 -1.3
TOGA Tremblant Global ETF 2.7 69 1 1.9 -3.1
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.6 78 -8 9.0 +4.1
MRAD SmartETFs Advertising & Marketing Technology ETF 2.6 68 2 5.5 +0.6
FLCH Franklin FTSE China ETF 2.5 19 51 8.8 +3.9
TRFM AAM Transformers ETF 2.5 49 21 2.0 -2.9
LYLD Cambria Large Cap Shareholder Yield ETF 2.3 59 11 9.1 +4.2
TMFG Motley Fool Global Opportunities ETF 2.2 85 -15 3.2 -1.7
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 2.2 75 -5 4.6 -0.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 2.2 86 -16 1.6 -3.3
KOMP SPDR S&P Kensho New Economies Composite ETF 2.1 20 50 1.0 -3.9
FDRV Fidelity Electric Vehicles and Future Transportation ETF 1.9 39 31 -1.7 -6.6
GVIP Goldman Sachs Hedge Industry VIP ETF 1.9 45 25 4.8 -0.1
WUGI AXS Esoterica NextG Economy ETF 1.8 75 -5 2.5 -2.4
JHEM John Hancock Multifactor Emerging Markets ETF 1.8 49 21 8.2 +3.3
CRUZ Defiance Hotel Airline and Cruise ETF 1.8 45 25 -4.6 -9.5
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.7 65 5 0.2 -4.7
CARZ First Trust NASDAQ Global Auto Index Fund 1.7 70 0 3.8 -1.1
CTEC Global X CleanTech ETF 1.7 50 20 2.9 -2.0
TAN Invesco Solar ETF 1.7 67 3 10.4 +5.5
CNRG SPDR S&P Kensho Clean Power ETF 1.7 45 25 2.8 -2.1
SFYF SoFi Social 50 ETF 1.6 29 41 -2.2 -7.1
DTCR Global X Data Center & Digital Infrastructure ETF 1.6 50 20 4.7 -0.3
BKF iShares MSCI BIC ETF 1.6 69 1 6.9 +2.0
GURU Global X Guru Index ETF 1.6 75 -5 1.7 -3.3
CQQQ Invesco China Technology ETF 1.5 70 0 -7.9 -12.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.5 36 34 7.8 +2.9
ECON Columbia Emerging Markets Consumer ETF 1.5 49 21 7.3 +2.4
FDNI First Trust Dow Jones International Internet ETF 1.5 65 5 2.1 -2.8
IBUY Amplify Online Retail ETF 1.5 65 5 1.4 -3.6
SIMS SPDR S&P Kensho Intelligent Structures ETF 1.5 45 25 -6.9 -11.8
FPXI First Trust International Equity Opportunities ETF 1.4 70 0 4.9 -0.0
EMXF iShares ESG Advanced MSCI EM ETF 1.3 16 54 6.8 +1.9
SRVR Pacer Data & Infrastructure Real Estate ETF 1.3 55 15 1.9 -3.0
FDCF Fidelity Disruptive Communications ETF 1.3 50 20 2.6 -2.4
LDEM iShares ESG MSCI EM Leaders ETF 1.3 17 53 7.6 +2.7
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.2 35 35 12.4 +7.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.2 20 50 6.8 +1.9
VERS ProShares Metaverse ETF 1.2 58 12 -16.0 -21.0
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.2 61 9 1.2 -3.7
GMF SPDR S&P Emerging Asia Pacific ETF 1.2 49 21 6.1 +1.2
FMET Fidelity Metaverse ETF 1.1 39 31 5.4 +0.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.1 75 -5 2.9 -2.1
TTAI FCF International Quality ETF 1.1 59 11 5.6 +0.7
EEMA iShares MSCI Emerging Markets Asia ETF 1.0 49 21 6.5 +1.6
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.0 68 2 2.1 -2.8
BIGFX Baron International Growth Retail 1.0 75 -5 3.1 -1.8
JETS U.S. Global Jets ETF 1.0 60 10 -13.3 -18.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.9 70 0 6.2 +1.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.9 45 25 11.0 +6.1
SPEM SPDR Portfolio Emerging Markets ETF 0.9 7 63 7.3 +2.4
QQQS Invesco NASDAQ Future Gen 200 ETF 0.9 20 50 -10.7 -15.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.9 30 40 7.3 +2.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.9 66 4 10.0 +5.1
FDEM Fidelity Emerging Markets Multifactor ETF 0.9 25 45 12.3 +7.4
FRNW Fidelity Clean Energy ETF 0.9 39 31 2.6 -2.4
BNE Blue Horizon BNE ETF 0.9 87 -17 4.6 -0.3
CCNR ALPS CoreCommodity Natural Resources ETF 0.9 39 31 11.0 +6.1
CVAR Cultivar ETF 0.9 87 -17 6.7 +1.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.8 50 20 13.0 +8.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.8 41 29 7.4 +2.5
ETEC iShares Breakthrough Environmental Solutions ETF 0.8 47 23 8.0 +3.1
EEM iShares MSCI Emerging Markets ETF 0.8 69 1 6.9 +2.0
DFAE Dimensional Emerging Core Equity Market ETF 0.8 35 35 7.3 +2.4
ESGE iShares ESG Aware MSCI EM ETF 0.8 25 45 7.1 +2.2
JFWD Jacob Forward ETF 0.8 75 -5 0.0 -4.9
CLOU Global X Cloud Computing ETF 0.8 68 2 1.8 -3.1
IEMG iShares Core MSCI Emerging Markets ETF 0.8 9 61 7.5 +2.5
BBP Virtus LifeSci Biotech Products ETF 0.8 79 -9 0.0 -4.9
FMED Fidelity Disruptive Medicine ETF 0.8 50 20 -0.4 -5.3
SBIO ALPS Medical Breakthroughs ETF 0.8 50 20 -2.0 -6.9
FFTY Innovator IBD 50 ETF 0.8 80 -10 -0.6 -5.5
PXH Invesco FTSE RAFI Emerging Markets ETF 0.8 49 21 12.2 +7.3
EQLT iShares MSCI Emerging Markets Quality Factor ETF 0.7 35 35 7.4 +2.5
EMMF WisdomTree Emerging Markets Multifactor Fund 0.7 48 22 8.8 +3.9
FLAX Franklin FTSE Asia Ex Japan ETF 0.7 19 51 6.9 +1.9
JIG JPMorgan International Growth ETF 0.7 55 15 4.6 -0.3
WFH Direxion Work From Home ETF 0.7 45 25 6.0 +1.0
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.7 60 10 0.5 -4.5
NUEM Nuveen ESG Emerging Markets Equity ETF 0.7 36 34 6.5 +1.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.6 59 11 11.3 +6.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.6 65 5 8.2 +3.2
BLOK Amplify Transformational Data Sharing ETF 0.6 75 -5 0.0 -4.9
GBUY Goldman Sachs Future Consumer Equity ETF 0.6 75 -5 3.3 -1.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.6 39 31 12.5 +7.6
UMMA Wahed Dow Jones Islamic World ETF 0.6 65 5 4.6 -0.4
VWO Vanguard FTSE Emerging Markets ETF 0.6 8 62 6.9 +2.0
CGGO Capital Group Global Growth Equity ETF 0.5 47 23 4.6 -0.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.5 32 38 6.2 +1.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.5 38 32 7.8 +2.9
SCHE Schwab Emerging Markets Equity ETF 0.5 11 59 7.1 +2.2
DGT SPDR Global Dow ETF 0.5 50 20 6.8 +1.9
DFEV Dimensional Emerging Markets Value ETF 0.5 43 27 11.1 +6.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.5 30 40 8.1 +3.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.5 33 37 8.2 +3.3
CVY Invesco Zacks Multi-Asset Income ETF 0.5 106 -36 9.8 +4.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.4 70 0 7.7 +2.8
BECO BlackRock Future Climate and Sustainable Economy ETF 0.4 70 0 11.9 +7.0
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.4 79 -9 5.1 +0.2
RAYS Global X Solar ETF 0.4 51 19 6.9 +2.0
EEMO Invesco S&P Emerging Markets Momentum ETF 0.4 29 41 5.5 +0.6
CLNR IQ Cleaner Transport ETF 0.4 45 25 6.8 +1.9
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 40 6.9 +2.0
EDIV SPDR S&P Emerging Markets Dividend ETF 0.4 49 21 12.0 +7.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 40 8.0 +3.1
IQDF FlexShares International Quality Dividend Index Fund 0.3 47 23 12.9 +8.0
IQDE FlexShares International Quality Dividend Defensive Index ET 0.3 47 23 14.8 +9.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 49 3.8 -1.1
ICLN iShares Global Clean Energy ETF 0.3 41 29 6.0 +1.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.3 11 59 8.4 +3.5
FDWM Fidelity Women's Leadership ETF 0.3 59 11 4.7 -0.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.3 15 55 7.2 +2.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 36 7.0 +2.0
ERTH Invesco MSCI Sustainable Future ETF 0.2 62 8 3.6 -1.3
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 63 7.2 +2.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 29 7.4 +2.5
IBB iShares Biotechnology ETF 0.2 45 25 0.3 -4.7
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.2 50 20 5.7 +0.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.2 47 23 9.4 +4.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.2 18 52 7.0 +2.1
VICE AdvisorShares Vice ETF 0.2 99 -29 5.0 +0.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 61 5.4 +0.4
VXUS Vanguard Total International Stock ETF 0.2 7 63 7.2 +2.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 8 62 7.3 +2.3
IBBQ Invesco Nasdaq Biotechnology ETF 0.1 19 51 0.9 -4.0
VSGX Vanguard ESG International Stock ETF 0.1 12 58 6.8 +1.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 63 6.7 +1.8
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 45 8.5 +3.6
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.1 45 25 5.7 +0.8
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 29 5.0 +0.1
ACWI iShares MSCI ACWI ETF 0.1 32 38 5.3 +0.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -5 4.3 -0.7
GWX SPDR S&P International Small Cap ETF 0.1 40 30 6.5 +1.6
FBCG Fidelity Blue Chip Growth ETF 0.1 59 11 2.8 -2.1
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.1 47 23 8.0 +3.1
VT Vanguard Total World Stock ETF 0.1 7 63 5.5 +0.6
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.1 9 61 4.9 -0.0
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 35 5.1 +0.2
QINT American Century Quality Diversified International ETF 0.1 39 31 7.7 +2.8
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.0 10 60 5.3 +0.4
VYMI Vanguard International High Dividend Yield ETF 0.0 22 48 9.8 +4.9
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -19 4.9 0.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.0 7 63 4.9 +0.0
TGRW T. Rowe Price Growth Stock ETF 0.0 52 18 3.7 -1.2
TCHP T. Rowe Price Blue Chip Growth ETF 0.0 57 13 3.4 -1.5
BKLC BNY Mellon US Large Cap Core Equity ETF 0.0 0 70 5.0 +0.1
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 59 4.9 0.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 31 7.2 +2.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 50 5.2 +0.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 58 4.8 -0.1
RVRB Reverb ETF 0.0 30 40 4.7 -0.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 31 7.5 +2.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 67 7.2 +2.3

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 6.5 %
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		 1.26 CATEGORY
AVERAGE		 1.48
 
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.