iShares MSCI China Multisector Tech ETF
ALTAR
Score™		 14.3% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 9.0x P/Sales
ratio		 1.0x
P/BV
ratio		 1.6x Div.
yield		 0.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
TCHI tracks a market cap-weighted index of large- and mid-cap Chinese equities in technology and technology-related industries.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Blackrock
Website www.ishares.com/us/products/325390/
Inception date Jan 25, 2022
Assets (mns) $43
Currency USD
Expense ratio 59 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 175
Wgt avg mkt cap (mns) $76,488
Large cap (>$10bn) 67.5%
Mid cap ($2-10bn) 32.3%
Small cap (<$2bn) 0.1%
Developed mkts 17.0%
Emerging mkts 83.0%

TOP TEN HOLDINGS
BAIDU, INC. CLASS A 4.3 %
NETEASE, INC 3.8 %
KUAISHOU TECHNOLOGY CLASS B 3.8 %
ALIBABA GROUP HOLDING LTD. 3.7 %
JD.COM, INC. CLASS A 3.7 %
XIAOMI CORP. CLASS B 3.7 %
TENCENT HOLDINGS LTD 3.7 %
PINDUODUO, INC. SPONSORED ADR CLAS 3.4 %
LENOVO GROUP LTD 2.9 %
CONTEMPORARY AMPEREX TECHNOLOGY CO 2.9 %
Total 35.9 %

TOP COUNTRY EXPOSURE
CHINA 88.7 %
HONG KONG 6.3 %









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.
-8.0% 10.3% -- -- -4.0%

Market Correlations
versus... Beta R-squared
S&P500 0.84 31%
MSCI EAFE 0.96 35%
MSCI Emg. Mkts. 1.10 60%

Technical Indicators
Recent close $22.67
30d moving avg. $22.14
Annualized volatility 32.8%
Short interest (ETF) 1.7%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 21
Turnover 1.1%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $29,389

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 255 potential alternatives to the iShares MSCI China Multisector Tech ETF ETF based on the alternatives' overlap in portfolio holdings with TCHI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: TCHI Expense: 59 bp ALTAR Score™: 14.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH TCHI
Ticker Fund
Name		 Overlap1
vs TCHI
(%)		 Expense
ratio
(bp)		 Savings
vs TCHI
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs TCHI
(%)
KTEC KraneShares Hang Seng TECH Index ETF 39.0 69 -10 19.6 +5.3
KWEB KraneShares CSI China Internet ETF 33.2 69 -10 22.2 +7.9
CQQQ Invesco China Technology ETF 30.4 70 -11 15.8 +1.4
MCH Matthews China Active ETF 29.1 79 -20 14.8 +0.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 27.3 60 -1 9.3 -5.1
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 26.8 65 -6 6.2 -8.1
FLCH Franklin FTSE China ETF 25.2 19 40 16.7 +2.4
FDNI First Trust Dow Jones International Internet ETF 24.8 65 -6 23.1 +8.7
JCHI JPMorgan Active China ETF 24.0 65 -6 14.9 +0.6
FXI iShares China Large-Cap ETF 22.4 74 -15 19.8 +5.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 21.6 86 -27 11.9 -2.4
MCHI iShares MSCI China ETF 21.2 59 0 18.9 +4.5
CGRO CoreValues Alpha Greater China Growth ETF 20.8 75 -16 4.5 -9.8
CHIQ Global X MSCI China Consumer Discretionary ETF 20.2 65 -6 11.8 -2.5
MINV Matthews Asia Innovators Active ETF 19.5 79 -20 6.0 -8.3
GXC SPDR S & P China ETF 18.7 59 0 17.5 +3.1
BKF iShares MSCI BIC ETF 15.5 69 -10 13.6 -0.8
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 14.4 55 4 6.5 -7.9
DRGN Themes China Generative Artificial Intelligence ETF 14.4 39 20 9.9 -4.5
EMC Global X Emerging Markets Great Consumer ETF 14.1 75 -16 7.5 -6.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 13.9 15 44 9.2 -5.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 13.7 32 27 7.8 -6.6
FLAX Franklin FTSE Asia Ex Japan ETF 13.1 19 40 7.6 -6.8
FDEM Fidelity Emerging Markets Multifactor ETF 12.2 25 34 10.7 -3.7
AIA iShares Asia 50 ETF 12.1 50 9 8.8 -5.5
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 12.0 88 -29 8.6 -5.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 11.8 66 -7 7.6 -6.8
JADE JPMorgan Active Developing Markets Equity ETF 11.8 65 -6 6.2 -8.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 11.7 45 14 8.4 -5.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 11.6 15 44 8.3 -6.1
BKEM BNY Mellon Emerging Markets Equity ETF 11.5 11 48 8.2 -6.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 11.5 20 39 8.7 -5.6
IVRS iShares Future Metaverse Tech and Communications ETF 11.4 47 12 5.3 -9.0
PXH Invesco FTSE RAFI Emerging Markets ETF 11.4 49 10 13.4 -1.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 11.4 33 26 7.0 -7.3
BNGE First Trust S-Network Streaming and Gaming ETF 11.4 70 -11 3.0 -11.4
ECON Columbia Emerging Markets Consumer ETF 11.4 49 10 7.2 -7.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 11.4 36 23 7.9 -6.5
LDEM iShares ESG MSCI EM Leaders ETF 11.3 17 42 12.2 -2.2
GMF SPDR S&P Emerging Asia Pacific ETF 11.2 49 10 9.0 -5.4
VWO Vanguard FTSE Emerging Markets ETF 10.6 7 52 9.2 -5.2
EEMA iShares MSCI Emerging Markets Asia ETF 10.5 49 10 8.1 -6.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 10.3 70 -11 7.4 -6.9
JHEM John Hancock Multifactor Emerging Markets ETF 10.2 49 10 7.9 -6.5
SCHE Schwab Emerging Markets Equity ETF 9.8 11 48 9.5 -4.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 9.6 30 29 8.4 -6.0
MEM Matthews Emerging Markets Equity Active ETF 9.5 79 -20 8.9 -5.4
EEM iShares MSCI Emerging Markets ETF 9.4 69 -10 8.2 -6.2
ESGE iShares ESG Aware MSCI EM ETF 9.3 25 34 8.6 -5.7
SPEM SPDR Portfolio Emerging Markets ETF 9.3 7 52 9.5 -4.8
DEHP Dimensional Emerging Markets High Profitability ETF 9.0 41 18 5.1 -9.2
ARVR First Trust Indxx Metaverse ETF 9.0 70 -11 4.2 -10.2
KGRN KraneShares MSCI China Clean Technology Index ETF 8.9 79 -20 2.8 -11.5
FMET Fidelity Metaverse ETF 8.6 39 20 4.8 -9.6
EMXF iShares ESG Advanced MSCI EM ETF 8.4 16 43 7.2 -7.2
NUEM Nuveen ESG Emerging Markets Equity ETF 8.4 36 23 6.2 -8.2
SOCL Global X Social Media ETF 8.4 65 -6 12.5 -1.8
MOTI VanEck Morningstar International Moat ETF 8.3 58 1 9.6 -4.7
IEMG iShares Core MSCI Emerging Markets ETF 8.2 9 50 8.5 -5.9
EEMO Invesco S&P Emerging Markets Momentum ETF 8.1 29 30 7.4 -7.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 8.0 41 18 7.0 -7.3
EMGF iShares Emerging Markets Equity Factor ETF 7.8 25 34 9.3 -5.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 7.5 72 -13 2.0 -12.3
DFAE Dimensional Emerging Core Equity Market ETF 7.5 35 24 7.2 -7.1
JIVE JPMorgan International Value ETF 7.4 55 4 8.3 -6.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 7.2 39 20 13.6 -0.8
OGIG ALPS O'Shares Global Internet Giants ETF 6.9 48 11 2.7 -11.6
GGME Invesco Next Gen Media and Gaming ETF 6.7 60 -1 5.0 -9.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 6.6 95 -36 10.4 -4.0
EMMF WisdomTree Emerging Markets Multifactor Fund 6.5 48 11 8.9 -5.4
OND ProShares On-Demand ETF 6.5 58 1 0.5 -13.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 6.5 59 0 8.7 -5.6
MOTG VanEck Morningstar Global Wide Moat ETF 6.3 52 7 7.6 -6.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 6.1 35 24 11.4 -2.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 6.1 38 21 7.2 -7.1
IXP iShares Global Comm Services ETF 6.0 42 17 5.6 -8.7
KSTR KraneShares SSE STAR Market 50 Index ETF 6.0 89 -30 1.0 -13.4
AVEM Avantis Emerging Markets Equity ETF 5.8 33 26 7.3 -7.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.8 42 17 4.0 -10.3
ESPO VanEck Video Gaming and eSports ETF 5.7 56 3 6.4 -8.0
ODDS Pacer BlueStar Digital Entertainment ETF 5.7 60 -1 4.6 -9.7
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 5.4 75 -16 3.8 -10.6
IPKW Invesco International BuyBack Achievers ETF 5.3 55 4 8.0 -6.4
AVSE Avantis Responsible Emerging Markets Equity ETF 5.3 33 26 7.0 -7.3
JIG JPMorgan International Growth ETF 5.3 55 4 3.6 -10.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 5.1 30 29 7.9 -6.4
EBIZ Global X E-Commerce ETF 5.0 50 9 4.7 -9.7
METV Roundhill Ball Metaverse ETF 5.0 59 0 8.5 -5.9
ANEW ProShares MSCI Transformational Changes ETF 4.8 45 14 4.6 -9.7
PATN Pacer Nasdaq International Patent Leaders ETF 4.7 65 -6 4.6 -9.7
GTEK Goldman Sachs Future Tech Leaders Equity ETF 4.7 75 -16 2.2 -12.1
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 4.7 68 -9 0.7 -13.6
ISHP First Trust Nasdaq Retail ETF 4.6 60 -1 5.3 -9.1
RXI iShares Global Consumer Discretionary ETF 4.4 41 18 8.0 -6.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 4.4 45 14 9.3 -5.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 4.3 50 9 8.5 -5.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.2 40 19 6.5 -7.8
FDCF Fidelity Disruptive Communications ETF 4.2 50 9 2.0 -12.4
HUMN Roundhill Humanoid Robotics ETF 4.1 75 -16 1.3 -13.0
LIT Global X Lithium & Battery Tech ETF 4.1 75 -16 4.8 -9.5
DSTX Distillate International Fundamental Stability & Value ETF 4.1 55 4 6.5 -7.9
CNYA iShares MSCI China A ETF 4.0 60 -1 6.3 -8.0
CHAT Roundhill Generative AI & Technology ETF 4.0 75 -16 5.1 -9.3
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 3.9 65 -6 4.5 -9.9
GINN Goldman Sachs Innovate Equity ETF 3.9 52 7 4.0 -10.4
PGJ Invesco Golden Dragon China ETF 3.9 70 -11 13.9 -0.5
BUYZ Franklin Disruptive Commerce ETF 3.9 50 9 2.4 -12.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.8 41 18 6.1 -8.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.8 60 -1 6.3 -8.0
EV Mast Global Battery Recycling & Production ETF 3.8 65 -6 6.3 -8.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.7 70 -11 9.0 -5.4
IBLC iShares Blockchain and Tech ETF 3.7 47 12 -1.3 -15.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 3.6 18 41 6.4 -7.9
TTAI FCF International Quality ETF 3.5 59 0 6.6 -7.7
CDIG City Different Investments Global Equity ETF 3.4 75 -16 -1.5 -15.9
AIS VistaShares Artificial Intelligence Supercycle ETF 3.4 75 -16 1.5 -12.8
BOTZ Global X Robotics & Artificial Intelligence ETF 3.2 69 -10 1.9 -12.4
BATT Amplify Lithium & Battery Technology ETF 3.2 59 0 1.8 -12.6
NXTG First Trust Indxx NextG ETF 3.2 70 -11 4.4 -10.0
ROAM Hartford Multifactor Emerging Markets ETF 3.2 44 15 7.9 -6.4
AIVC Amplify Bloomberg AI Value Chain ETF 3.1 59 0 4.7 -9.7
VEU Vanguard FTSE All-World ex-US Index Fund 3.1 4 55 6.8 -7.6
SDG iShares MSCI Global Sustainable Development Goals ETF 3.1 49 10 4.6 -9.8
ACWX iShares MSCI ACWI ex U.S. ETF 3.0 34 25 6.4 -7.9
VXUS Vanguard Total International Stock ETF 2.9 5 54 6.7 -7.7
DFEV Dimensional Emerging Markets Value ETF 2.9 43 16 10.0 -4.4
CWI SPDR MSCI ACWI ex-US ETF 2.8 30 29 6.5 -7.9
AVES Avantis Emerging Markets Value ETF 2.8 36 23 8.9 -5.4
ONLN ProShares Online Retail ETF 2.7 58 1 1.2 -13.1
AIQ Global X Artificial Intelligence & Technology ETF 2.7 68 -9 3.4 -11.0
IBUY Amplify Online Retail ETF 2.7 65 -6 2.3 -12.1
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.6 45 14 -0.9 -15.3
IXUS iShares Core MSCI Total International Stock ETF 2.6 7 52 6.6 -7.7
XT iShares Exponential Technologies ETF 2.5 46 13 4.2 -10.1
VSGX Vanguard ESG International Stock ETF 2.4 10 49 6.7 -7.6
AOTS AOT Software Platform ETF 2.4 49 10 4.7 -9.6
FRGN Horizon International Equity ETF 2.4 75 -16 8.1 -6.2
ROBO ROBO Global Robotics & Automation Index ETF 2.4 95 -36 2.6 -11.8
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.4 90 -31 3.9 -10.4
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.3 57 2 3.1 -11.2
TIIV AAM Todd International Intrinsic Value ETF 2.2 54 5 9.5 -4.8
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.2 78 -19 10.0 -4.4
KOCG FIS Knights of Columbus Global Belief ETF 2.2 75 -16 4.4 -10.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 2.1 58 1 3.6 -10.8
RNEM First Trust Emerging Markets Equity Select ETF 2.1 75 -16 7.6 -6.7
HERO Global X Video Games & Esports ETF 2.0 50 9 5.7 -8.7
ABLG Abacus FCF International Leaders ETF 2.0 59 0 6.2 -8.2
CGXU Capital Group International Focus Equity ETF 1.9 54 5 4.0 -10.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 1.9 25 34 6.4 -7.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.7 30 29 6.4 -8.0
KLMT Invesco MSCI Global Climate 500 ETF 1.7 10 49 5.2 -9.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 1.7 42 17 7.5 -6.8
GPT Intelligent Alpha Atlas ETF 1.7 69 -10 6.2 -8.2
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.5 20 39 4.4 -9.9
ERTH Invesco MSCI Sustainable Future ETF 1.5 62 -3 3.0 -11.4
UMMA Wahed Dow Jones Islamic World ETF 1.5 65 -6 3.8 -10.5
TAN Invesco Solar ETF 1.4 67 -8 4.5 -9.8
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.4 65 -6 1.6 -12.7
BWEB Bitwise Web3 ETF 1.4 85 -26 -0.1 -14.4
FCLD Fidelity Cloud Computing ETF 1.4 39 20 4.0 -10.3
FDTX Fidelity Disruptive Technology ETF 1.3 50 9 2.1 -12.3
FEOE First Eagle Overseas Equity ETF 1.3 79 -20 6.1 -8.2
VCLN Virtus Duff & Phelps Clean Energy ETF 1.3 59 0 2.5 -11.8
KNCT Invesco Next Gen Connectivity ETF 1.3 40 19 3.7 -10.6
FID First Trust S&P International Dividend Aristocrats ETF 1.3 60 -1 7.8 -6.5
XDAT Franklin Exponential Data ETF 1.3 50 9 1.4 -13.0
OBOR KraneShares MSCI One Belt One Road Index ETF 1.3 79 -20 6.9 -7.5
WUGI AXS Esoterica NextG Economy ETF 1.2 75 -16 1.7 -12.6
JGLO JPMorgan Global Select Equity ETF 1.2 33 26 4.3 -10.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.2 12 47 4.6 -9.8
ACWI iShares MSCI ACWI ETF 1.1 32 27 4.8 -9.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 1.1 20 39 4.9 -9.4
VT Vanguard Total World Stock ETF 1.1 6 53 5.2 -9.2
BOTT Themes Robotics & Automation ETF 1.1 35 24 -4.2 -18.6
NERD Roundhill Video Games ETF 1.1 50 9 7.6 -6.7
IQDF FlexShares International Quality Dividend Index Fund 1.1 47 12 7.6 -6.7
IOO iShares Global 100 ETF 1.1 41 18 4.0 -10.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.1 9 50 5.0 -9.3
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 24 3.8 -10.5
IBOT Vaneck Robotics ETF 1.0 47 12 3.5 -10.9
POW VistaShares Electrification Supercycle ETF 1.0 75 -16 2.1 -12.2
IGPT Invesco AI and Next Gen Software ETF 1.0 60 -1 3.4 -11.0
FEGE First Eagle Global Equity ETF 1.0 79 -20 6.0 -8.3
ECNS iShares MSCI China Small-Cap ETF 1.0 59 0 8.2 -6.2
CNXT VanEck ChiNext ETF 1.0 65 -6 2.8 -11.5
CGIE Capital Group International Equity ETF 1.0 54 5 4.5 -9.8
WDIV SPDR S&P Global Dividend ETF 0.9 40 19 9.2 -5.2
DVYE iShares Emerging Markets Dividend ETF 0.9 49 10 16.7 +2.4
SMOG VanEck Low Carbon Energy ETF 0.9 61 -2 1.2 -13.2
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.9 61 -2 1.5 -12.9
ETEC iShares Breakthrough Environmental Solutions ETF 0.9 47 12 2.8 -11.6
WRND IQ Global Equity R&D Leaders ETF 0.9 18 41 4.2 -10.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.9 47 12 7.4 -6.9
ION ProShares S&P Global Core Battery Metals ETF 0.9 58 1 5.0 -9.4
DTAN Sparkline International Intangible Value ETF 0.8 55 4 7.2 -7.1
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.8 61 -2 -0.7 -15.1
GEW Cambria Global EW ETF 0.7 29 30 5.5 -8.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 -6 7.7 -6.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.7 44 15 9.1 -5.2
FCA First Trust China AlphaDEX Fund 0.7 80 -21 6.8 -7.5
JSTC Adasina Social Justice All Cap Global ETF 0.6 89 -30 4.6 -9.8
APIE ActivePassive International Equity ETF 0.6 45 14 6.4 -7.9
DGT State Street SPDR Global Dow ETF 0.6 50 9 5.8 -8.5
FEM First Trust Emerging Markets AlphaDEX Fund 0.6 80 -21 8.6 -5.8
IGRO iShares International Dividend Growth ETF 0.6 15 44 6.7 -7.7
GLOF iShares Global Equity Factor ETF 0.6 20 39 5.8 -8.6
BPAY BlackRock Future Financial and Technology ETF 0.6 70 -11 5.7 -8.7
AQLT iShares MSCI Global Quality Factor ETF 0.5 18 41 0.0 -14.3
JPIN J.P. Morgan Diversified Return International Equity ETF 0.5 37 22 7.0 -7.4
ACWV iShares MSCI Global Min Vol Factor ETF 0.5 20 39 5.7 -8.7
CTEC Global X CleanTech ETF 0.5 50 9 -0.0 -14.4
DTEC ALPS Disruptive Technologies ETF 0.5 50 9 3.9 -10.4
FRNW Fidelity Clean Energy ETF 0.5 39 20 1.9 -12.5
PBD Invesco Global Clean Energy ETF 0.5 75 -16 0.3 -14.1
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.5 79 -20 3.9 -10.5
QQQ Invesco QQQ Trust Series I 0.5 20 39 3.5 -10.8
QQQM Invesco NASDAQ 100 ETF 0.5 15 44 3.6 -10.8
LIMI Themes Lithium & Battery Metal Miners ETF 0.4 35 24 2.7 -11.7
IXN iShares Global Tech ETF 0.4 41 18 3.2 -11.2
TRFM AAM Transformers ETF 0.4 49 10 1.1 -13.2
CCNR ALPS CoreCommodity Natural Resources ETF 0.3 39 20 7.8 -6.5
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.3 67 -8 11.8 -2.5
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 39 3.5 -10.9
ICLN iShares Global Clean Energy ETF 0.3 41 18 1.9 -12.5
GCOW Pacer Global Cash Cows Dividend ETF 0.3 60 -1 9.0 -5.4
CLNR IQ Cleaner Transport ETF 0.3 45 14 3.9 -10.5
BULD Pacer BlueStar Engineering the Future ETF 0.2 60 -1 0.4 -14.0
FBOT Fidelity Disruptive Automation ETF 0.2 50 9 3.0 -11.3
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.2 50 9 5.4 -9.0
YNOT Horizon Digital Frontier ETF 0.2 75 -16 2.7 -11.6
PNQI Invesco NASDAQ Internet ETF 0.2 60 -1 3.8 -10.6
VYMI Vanguard International High Dividend Yield ETF 0.2 17 42 7.9 -6.4
INTF iShares International Equity Factor ETF 0.2 15 44 6.4 -8.0
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 38 3.1 -11.3
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -11 6.4 -8.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 20 6.7 -7.7
VPL Vanguard FTSE Pacific ETF 0.1 7 52 5.5 -8.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 51 6.2 -8.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 10 6.0 -8.4
VIGI Vanguard International Dividend Appreciation ETF 0.1 10 49 6.1 -8.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 1 8.2 -6.1
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 39 5.7 -8.6
CVY Invesco Zacks Multi-Asset Income ETF 0.1 106 -47 10.2 -4.1
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.1 20 39 0.9 -13.5
TMAT Main Thematic Innovation ETF 0.1 164 -105 -2.0 -16.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 14 6.9 -7.5
SCHF Schwab International Equity ETF 0.0 6 53 6.0 -8.3
VEA Vanguard FTSE Developed Markets ETF 0.0 3 56 6.0 -8.4
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 35 6.7 -7.6
WSGE Warren Street Global Equity ETF 0.0 80 -21 2.9 -11.4
IQSI IQ Candriam International Equity ETF 0.0 15 44 5.5 -8.8
BKIE BNY Mellon International Equity ETF 0.0 4 55 6.0 -8.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 39 5.8 -8.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 56 5.9 -8.5
FBCG Fidelity Blue Chip Growth ETF 0.0 59 0 2.3 -12.0

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

  2020 2021 2022 2023 2024 2025E 2026E
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*Six months ago = 100

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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:		 iShares MSCI China Multisector Tech 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 22.1 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 14.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.45 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.