Invesco Golden Dragon China ETF
ALTAR
Score™		 12.4% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 9.7x P/Sales
ratio		 1.0x
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
Website www.invesco.com
Inception date Dec 09, 2004
Assets (mns) $143
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 January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
2.8% 11.9% -13.7% 1.9% 4.8%

Market Correlations
versus... Beta R-squared
S&P500 0.80 26%
MSCI EAFE 0.98 29%
MSCI Emg. Mkts. 1.35 64%

Technical Indicators
Recent close $28.88
30d moving avg. $29.63
Annualized volatility 40.3%
Short interest (ETF) 0.4%
Short interest (Underlying) 3.8%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 22
Turnover 0.4%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $2,525

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 236 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™: 12.4%


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
(%)
SOCL Global X Social Media ETF 16.1 65 5 10.8 -1.6
CGRO CoreValues Alpha Greater China Growth ETF 14.7 75 -5 4.0 -8.4
KWEB KraneShares CSI China Internet ETF 14.3 69 1 18.9 +6.5
ONLN ProShares Online Retail ETF 12.0 58 12 1.2 -11.1
CHIQ Global X MSCI China Consumer Discretionary ETF 9.5 65 5 11.1 -1.3
ISHP First Trust Nasdaq Retail ETF 8.6 60 10 4.9 -7.5
AGIQ Sofi Agentic AI ETF 8.1 69 1 7.1 -5.3
TIIV AAM Todd International Intrinsic Value ETF 7.7 54 16 9.2 -3.1
DRGN Themes China Generative Artificial Intelligence ETF 6.9 39 31 9.1 -3.3
IVES Wedbush ETFMG Global Cloud Technology ETF 6.1 68 2 4.2 -8.2
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 5.8 45 25 -1.5 -13.9
HERO Global X Video Games & Esports ETF 5.7 50 20 5.4 -7.0
SMOG VanEck Low Carbon Energy ETF 5.6 61 9 1.2 -11.2
VICE AdvisorShares Vice ETF 5.6 99 -29 5.5 -6.9
DINT Davis Select International ETF 5.4 55 15 5.8 -6.6
HUMN Roundhill Humanoid Robotics ETF 5.0 75 -5 1.1 -11.3
CCSO Carbon Collective Climate Solutions US Equity ETF 5.0 35 35 0.9 -11.5
EATZ AdvisorShares Restaurant ETF 4.9 101 -31 4.6 -7.8
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 4.9 65 5 5.1 -7.3
ABLG Abacus FCF International Leaders ETF 4.5 59 11 5.9 -6.5
JIVE JPMorgan International Value ETF 4.5 55 15 8.2 -4.2
AVSE Avantis Responsible Emerging Markets Equity ETF 4.3 33 37 6.7 -5.6
PBW Invesco WilderHill Clean Energy ETF 4.3 66 4 -3.1 -15.5
APIE ActivePassive International Equity ETF 4.2 45 25 6.1 -6.3
NERD Roundhill Video Games ETF 4.2 50 20 7.2 -5.2
METV Roundhill Ball Metaverse ETF 4.0 59 11 8.3 -4.1
ESPO VanEck Video Gaming and eSports ETF 4.0 56 14 6.1 -6.3
ODDS Pacer BlueStar Digital Entertainment ETF 4.0 60 10 4.5 -7.9
AVEM Avantis Emerging Markets Equity ETF 4.0 33 37 7.1 -5.3
PNQI Invesco NASDAQ Internet ETF 3.9 60 10 3.6 -8.8
TCHI iShares MSCI China Multisector Tech ETF 3.9 59 11 13.2 +0.9
BNGE First Trust S-Network Streaming and Gaming ETF 3.8 70 0 2.9 -9.5
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 3.8 20 50 0.9 -11.5
ECNS iShares MSCI China Small-Cap ETF 3.8 59 11 7.4 -5.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.7 65 5 7.5 -4.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 3.7 40 30 6.3 -6.1
JADE JPMorgan Active Developing Markets Equity ETF 3.7 65 5 6.1 -6.3
DRIV Global X Autonomous & Electric Vehicles ETF 3.5 68 2 3.5 -8.9
AIQ Global X Artificial Intelligence & Technology ETF 3.4 68 2 3.3 -9.1
TMAT Main Thematic Innovation ETF 3.3 164 -94 -2.0 -14.4
OGIG ALPS O'Shares Global Internet Giants ETF 3.3 48 22 2.5 -9.9
PBD Invesco Global Clean Energy ETF 3.2 75 -5 0.3 -12.1
BOUT Innovator IBD Breakout Opportunities ETF 3.2 81 -11 3.1 -9.3
TMFG Motley Fool Global Opportunities ETF 3.0 85 -15 3.8 -8.6
AADR AdvisorShares Dorsey Wright ADR ETF 3.0 110 -40 2.3 -10.0
XNTK State Street SPDR NYSE Technology ETF 3.0 35 35 3.1 -9.3
HYP Golden Eagle Dynamic Hypergrowth ETF 2.9 85 -15 -0.8 -13.2
PXH Invesco FTSE RAFI Emerging Markets ETF 2.9 49 21 13.1 +0.7
MOTI VanEck Morningstar International Moat ETF 2.9 58 12 8.7 -3.7
DARP Grizzle Growth ETF 2.8 75 -5 1.7 -10.6
BINV Brandes International ETF 2.7 70 0 8.0 -4.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.7 78 -8 9.3 -3.1
GXC SPDR S & P China ETF 2.7 59 11 16.2 +3.8
QQQJ Invesco NASDAQ Next Gen 100 ETF 2.6 15 55 4.2 -8.2
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 2.6 75 -5 3.6 -8.8
ARKW ARK Next Generation Internet ETF 2.6 87 -17 0.8 -11.6
DTCR Global X Data Center & Digital Infrastructure ETF 2.6 50 20 3.9 -8.5
REAI Intelligent Real Estate ETF 2.6 59 11 5.6 -6.8
BEDZ AdvisorShares Hotel ETF 2.5 100 -30 5.3 -7.0
TRFM AAM Transformers ETF 2.5 49 21 1.1 -11.3
QTUM Defiance Quantum ETF 2.4 40 30 4.6 -7.8
SRVR Pacer Data & Infrastructure Real Estate ETF 2.4 55 15 3.7 -8.7
MEM Matthews Emerging Markets Equity Active ETF 2.4 79 -9 8.3 -4.1
MOTG VanEck Morningstar Global Wide Moat ETF 2.3 52 18 7.1 -5.3
ARKQ ARK Autonomous Technology & Robotics ETF 2.2 75 -5 0.9 -11.5
ARKK ARK Innovation ETF 2.1 75 -5 -3.1 -15.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 2.1 32 38 12.5 +0.1
RTH VanEck Retail ETF 2.1 35 35 4.5 -7.9
TTAI FCF International Quality ETF 2.1 59 11 6.5 -5.9
YNOT Horizon Digital Frontier ETF 2.1 75 -5 2.7 -9.6
MCH Matthews China Active ETF 2.0 79 -9 13.7 +1.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 2.0 86 -16 10.3 -2.1
LOGO Alpha Brands Consumption Leaders ETF 2.0 69 1 2.5 -9.9
FDLS Inspire Fidelis Multi Factor ETF 2.0 76 -6 3.3 -9.1
SIMS State Street SPDR S&P Kensho Intelligent Structures ETF 2.0 45 25 4.2 -8.2
TAN Invesco Solar ETF 1.9 67 3 4.0 -8.3
CTEC Global X CleanTech ETF 1.9 50 20 -0.0 -12.4
CNRG State Street SPDR S&P Kensho Clean Power ETF 1.9 45 25 -0.0 -12.4
GVIP Goldman Sachs Hedge Industry VIP ETF 1.9 45 25 2.5 -9.9
LIVR Intelligent Livermore ETF 1.9 69 1 2.8 -9.6
FFND Future Fund Active ETF 1.8 100 -30 4.3 -8.1
FDCF Fidelity Disruptive Communications ETF 1.8 50 20 2.0 -10.4
FLCH Franklin FTSE China ETF 1.8 19 51 15.5 +3.2
AVES Avantis Emerging Markets Value ETF 1.8 36 34 8.5 -3.9
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.7 20 50 3.9 -8.5
IBUY Amplify Online Retail ETF 1.7 65 5 2.2 -10.2
BPAY BlackRock Future Financial and Technology ETF 1.7 70 0 5.5 -6.9
FFOX FundX Future Fund Opportunities ETF 1.6 100 -30 2.3 -10.1
GPT Intelligent Alpha Atlas ETF 1.6 69 1 6.0 -6.3
BATT Amplify Lithium & Battery Technology ETF 1.5 59 11 1.9 -10.5
ROBO ROBO Global Robotics & Automation Index ETF 1.5 95 -25 2.4 -10.0
ARKF ARK Fintech Innovation ETF 1.5 75 -5 0.3 -12.1
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.5 61 9 1.5 -10.9
RGEF Rockefeller Global Equity ETF 1.4 55 15 3.9 -8.5
CZA Invesco Zacks Mid-Cap ETF 1.4 72 -2 5.8 -6.6
DEHP Dimensional Emerging Markets High Profitability ETF 1.4 41 29 5.0 -7.4
CLOU Global X Cloud Computing ETF 1.4 68 2 3.1 -9.3
MCHI iShares MSCI China ETF 1.4 59 11 17.5 +5.1
FDNI First Trust Dow Jones International Internet ETF 1.4 65 5 20.6 +8.2
CARZ First Trust NASDAQ Global Auto Index Fund 1.3 70 0 2.9 -9.5
GURU Global X Guru Index ETF 1.3 75 -5 2.5 -9.9
EMMF WisdomTree Emerging Markets Multifactor Fund 1.3 48 22 8.6 -3.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.3 65 5 1.5 -10.9
FDEM Fidelity Emerging Markets Multifactor ETF 1.2 25 45 10.2 -2.2
NUEM Nuveen ESG Emerging Markets Equity ETF 1.2 36 34 6.0 -6.4
MINV Matthews Asia Innovators Active ETF 1.2 79 -9 6.3 -6.1
DFAE Dimensional Emerging Core Equity Market ETF 1.1 35 35 7.0 -5.4
FMET Fidelity Metaverse ETF 1.1 39 31 4.7 -7.7
TIME Clockwise Core Equity & Innovation ETF 1.1 95 -25 2.2 -10.2
GMF SPDR S&P Emerging Asia Pacific ETF 1.1 49 21 8.5 -3.9
JCHI JPMorgan Active China ETF 1.1 65 5 14.1 +1.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.1 88 -18 8.3 -4.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.0 38 32 7.0 -5.4
QQQS Invesco NASDAQ Future Gen 200 ETF 1.0 20 50 -4.2 -16.6
AVEE Avantis Emerging Markets Small Cap Equity ETF 1.0 42 28 7.4 -5.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.0 39 31 13.4 +1.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.0 50 20 8.2 -4.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.9 41 29 6.8 -5.6
SFYF SoFi Social 50 ETF 0.9 29 41 0.9 -11.5
DWLD Davis Select Worldwide ETF 0.9 63 7 6.5 -5.9
XDAT Franklin Exponential Data ETF 0.9 50 20 1.3 -11.1
FRNW Fidelity Clean Energy ETF 0.9 39 31 1.9 -10.5
ICLN iShares Global Clean Energy ETF 0.9 41 29 1.9 -10.5
JGLO JPMorgan Global Select Equity ETF 0.9 33 37 4.2 -8.2
JOET Virtus Terranova US Quality Momentum ETF 0.9 29 41 3.8 -8.6
CCNR ALPS CoreCommodity Natural Resources ETF 0.9 39 31 8.0 -4.4
ECON Columbia Emerging Markets Consumer ETF 0.9 49 21 6.9 -5.5
CVY Invesco Zacks Multi-Asset Income ETF 0.8 106 -36 9.8 -2.6
SPEM SPDR Portfolio Emerging Markets ETF 0.8 7 63 9.2 -3.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.8 66 4 7.4 -4.9
EMXF iShares ESG Advanced MSCI EM ETF 0.8 16 54 6.9 -5.5
BKF iShares MSCI BIC ETF 0.8 69 1 12.5 +0.2
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.8 75 -5 2.3 -10.1
BBP Virtus LifeSci Biotech Products ETF 0.7 79 -9 -4.4 -16.7
SBIO ALPS Medical Breakthroughs ETF 0.7 50 20 0.0 -12.4
CANC Tema Oncology ETF 0.7 75 -5 -2.5 -14.9
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.7 15 55 5.1 -7.3
SPAM Themes Cybersecurity ETF 0.7 35 35 2.8 -9.6
CLNR IQ Cleaner Transport ETF 0.7 45 25 3.9 -8.5
KGRN KraneShares MSCI China Clean Technology Index ETF 0.7 79 -9 2.9 -9.4
FMED Fidelity Disruptive Medicine ETF 0.7 50 20 -1.2 -13.6
SDG iShares MSCI Global Sustainable Development Goals ETF 0.7 49 21 4.5 -7.9
CQQQ Invesco China Technology ETF 0.7 70 0 13.8 +1.4
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.7 60 10 8.2 -4.2
IQDF FlexShares International Quality Dividend Index Fund 0.6 47 23 7.5 -4.9
GGME Invesco Next Gen Media and Gaming ETF 0.6 60 10 4.9 -7.5
FLAX Franklin FTSE Asia Ex Japan ETF 0.6 19 51 7.3 -5.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.6 30 40 8.1 -4.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.6 15 55 8.8 -3.6
AOTS AOT Software Platform ETF 0.5 49 21 4.6 -7.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.5 65 5 6.5 -5.8
GINX SGI Enhanced Global Income ETF 0.5 98 -28 6.5 -5.9
CGGO Capital Group Global Growth Equity ETF 0.5 47 23 4.2 -8.2
LDEM iShares ESG MSCI EM Leaders ETF 0.5 17 53 11.4 -1.0
JIG JPMorgan International Growth ETF 0.5 55 15 3.5 -8.9
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.5 35 35 11.1 -1.3
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.5 79 -9 3.6 -8.8
GINN Goldman Sachs Innovate Equity ETF 0.5 52 18 3.8 -8.6
DFEV Dimensional Emerging Markets Value ETF 0.5 43 27 9.7 -2.6
DRNZ REX Drone ETF 0.5 65 5 -1.6 -14.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.5 4 66 5.5 -6.9
DGT State Street SPDR Global Dow ETF 0.5 50 20 5.7 -6.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.5 45 25 8.1 -4.3
JGRO JPMorgan Active Growth ETF 0.5 44 26 2.4 -10.0
EEMA iShares MSCI Emerging Markets Asia ETF 0.4 49 21 7.7 -4.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.4 32 38 7.5 -4.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.4 70 0 6.2 -6.2
VWO Vanguard FTSE Emerging Markets ETF 0.4 7 63 8.8 -3.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.4 36 34 7.7 -4.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.4 70 0 7.1 -5.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.4 33 37 6.8 -5.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.4 47 23 7.3 -5.0
IEMG iShares Core MSCI Emerging Markets ETF 0.4 9 61 8.2 -4.2
UMMA Wahed Dow Jones Islamic World ETF 0.4 65 5 3.7 -8.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 40 6.2 -6.2
JHEM John Hancock Multifactor Emerging Markets ETF 0.4 49 21 7.6 -4.8
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.3 72 -2 2.1 -10.2
FBOT Fidelity Disruptive Automation ETF 0.3 50 20 2.9 -9.5
BOTZ Global X Robotics & Artificial Intelligence ETF 0.3 69 1 1.7 -10.7
EEM iShares MSCI Emerging Markets ETF 0.3 69 1 7.9 -4.5
SCHE Schwab Emerging Markets Equity ETF 0.3 11 59 9.1 -3.3
ESGE iShares ESG Aware MSCI EM ETF 0.3 25 45 8.3 -4.1
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 8 2.9 -9.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.3 15 55 8.0 -4.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.3 30 40 7.8 -4.6
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.2 61 9 -0.7 -13.1
WGMI Valkyrie Bitcoin Miners ETF 0.2 75 -5 -3.4 -15.8
MNRS Grayscale Bitcoin Miners ETF 0.2 59 11 -2.8 -15.1
BKCH Global X Blockchain ETF 0.2 50 20 -3.3 -15.7
IHAK iShares Cybersecurity & Tech ETF 0.2 47 23 4.5 -7.9
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 59 8.0 -4.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 29 6.0 -6.3
WISE Themes Generative Artificial Intelligence ETF 0.2 35 35 -0.4 -12.8
EMGF iShares Emerging Markets Equity Factor ETF 0.2 25 45 9.0 -3.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 49 3.0 -9.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 11 8.4 -4.0
SIXG Defiance Connective Technologies ETF 0.2 30 40 3.4 -8.9
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -19 4.5 -7.9
DTAN Sparkline International Intangible Value ETF 0.2 55 15 6.8 -5.6
IPO Renaissance IPO ETF 0.2 60 10 2.0 -10.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 8 62 6.0 -6.4
VERS ProShares Metaverse ETF 0.2 58 12 0.6 -11.8
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 40 6.3 -6.1
IBB iShares Biotechnology ETF 0.1 45 25 -0.5 -12.9
IBBQ Invesco Nasdaq Biotechnology ETF 0.1 19 51 0.3 -12.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 61 4.9 -7.5
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 31 6.5 -5.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 52 6.2 -6.2
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.1 39 31 1.1 -11.3
IQM Franklin Intelligent Machines ETF 0.1 50 20 1.3 -11.1
BOTT Themes Robotics & Automation ETF 0.1 35 35 -3.5 -15.9
POW VistaShares Electrification Supercycle ETF 0.1 75 -5 2.4 -10.0
BCOR Grayscale Bitcoin Adopters ETF 0.1 59 11 1.9 -10.5
VXUS Vanguard Total International Stock ETF 0.1 5 65 6.5 -5.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 36 6.2 -6.2
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 63 6.4 -6.0
VSGX Vanguard ESG International Stock ETF 0.1 10 60 6.4 -5.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 21 5.7 -6.7
GLOF iShares Global Equity Factor ETF 0.1 20 50 5.7 -6.7
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 41 7.3 -5.1
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.1 50 20 5.3 -7.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 66 6.6 -5.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 50 4.8 -7.6
WRND IQ Global Equity R&D Leaders ETF 0.1 18 52 4.0 -8.4
GWX SPDR S&P International Small Cap ETF 0.1 40 30 5.6 -6.8
FBCG Fidelity Blue Chip Growth ETF 0.1 59 11 2.3 -10.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 31 5.9 -6.5
ACWI iShares MSCI ACWI ETF 0.0 32 38 4.7 -7.7
VT Vanguard Total World Stock ETF 0.0 6 64 5.1 -7.3
VYMI Vanguard International High Dividend Yield ETF 0.0 17 53 7.8 -4.6
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 59 4.2 -8.2
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 52 0.0 -12.4
XT iShares Exponential Technologies ETF 0.0 46 24 4.1 -8.3
EBI Longview Advantage ETF 0.0 35 35 6.0 -6.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 67 5.7 -6.6
AVDS Avantis International Small Cap Equity ETF 0.0 30 40 5.8 -6.6

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 1.2 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 12.4 %
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.