iShares MSCI China Multisector Tech ETF
ALTAR
Score™		 1.9% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 16.0x P/Sales
ratio		 1.2x
P/BV
ratio		 2.0x Div.
yield		 1.2%


  • 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) $7
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 172
Wgt avg mkt cap (mns) $61,935
Large cap (>$10bn) 62.0%
Mid cap ($2-10bn) 37.6%
Small cap (<$2bn) 0.1%
Developed mkts 16.1%
Emerging mkts 83.9%

TOP TEN HOLDINGS
LENOVO GROUP LTD 4.4 %
NETEASE, INC 4.2 %
PINDUODUO, INC. SPONSORED ADR CLAS 4.1 %
TENCENT HOLDINGS LTD 4.0 %
NEW ORIENTAL EDUCATION & TECHNOLOG 4.0 %
ALIBABA GROUP HOLDING LTD. 3.9 %
XIAOMI CORP. CLASS B 3.8 %
BAIDU, INC. CLASS A 3.8 %
JD.COM, INC. CLASS A 3.5 %
HAIER SMART HOME CO., LTD. CLASS H 3.4 %
Total 39.1 %

TOP COUNTRY EXPOSURE
CHINA 92.2 %
HONG KONG 7.6 %









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.
7.5% 14.5% -- -- -7.3%

Market Correlations
versus... Beta R-squared
S&P500 0.56 7%
MSCI EAFE 0.96 22%
MSCI Emg. Mkts. 1.62 63%

Technical Indicators
Recent close $18.27
30d moving avg. $18.81
Annualized volatility 37.2%
Short interest (ETF) 4.1%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 4
Turnover 1.0%
Bid/Ask (% of price) 0.40%
ADV underlying (mns) $36,258

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 253 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™: 1.9%


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 42.8 69 -10 -3.6 -5.5
KWEB KraneShares CSI China Internet ETF 39.0 69 -10 -1.4 -3.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 38.1 32 27 6.1 +4.2
CQQQ Invesco China Technology ETF 27.3 70 -11 -7.9 -9.8
MCHI iShares MSCI China ETF 26.7 59 0 8.4 +6.5
MCH Matthews China Active ETF 26.5 79 -20 5.4 +3.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 25.8 60 -1 0.5 -1.4
FLCH Franklin FTSE China ETF 25.3 19 40 8.8 +7.0
JCHI JPMorgan Active China ETF 24.9 65 -6 8.0 +6.1
FXI iShares China Large-Cap ETF 24.3 74 -15 8.2 +6.3
KALL KraneShares MSCI All China Index ETF 24.2 49 10 9.0 +7.2
CGRO CoreValues Alpha Greater China Growth ETF 23.9 75 -16 2.0 +0.1
FDNI First Trust Dow Jones International Internet ETF 22.8 65 -6 2.1 +0.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 22.7 86 -27 1.6 -0.2
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 22.1 65 -6 7.9 +6.1
GXC SPDR S&P China ETF 21.4 59 0 8.3 +6.5
CHIQ Global X MSCI China Consumer Discretionary ETF 21.3 65 -6 5.9 +4.0
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 21.0 65 -6 3.9 +2.0
BKF iShares MSCI BIC ETF 17.4 69 -10 6.9 +5.1
CNYA iShares MSCI China A ETF 17.2 60 -1 8.0 +6.1
MINV Matthews Asia Innovators Active ETF 14.2 79 -20 3.0 +1.1
AIA iShares Asia 50 ETF 13.8 50 9 6.6 +4.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 13.6 32 27 6.2 +4.4
RAYC Rayliant Quantamental China Equity ETF 13.6 80 -21 8.6 +6.7
EQLT iShares MSCI Emerging Markets Quality Factor ETF 13.1 35 24 7.4 +5.5
EEMA iShares MSCI Emerging Markets Asia ETF 13.0 49 10 6.5 +4.7
LDEM iShares ESG MSCI EM Leaders ETF 12.9 17 42 7.6 +5.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 12.2 70 -11 6.2 +4.3
PXH Invesco FTSE RAFI Emerging Markets ETF 11.9 49 10 12.2 +10.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 11.5 33 26 8.2 +6.4
FLAX Franklin FTSE Asia Ex Japan ETF 11.5 19 40 6.9 +5.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 11.5 20 39 6.8 +4.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 11.4 30 29 7.3 +5.4
IVRS iShares Future Metaverse Tech and Communications ETF 11.4 47 12 -4.9 -6.7
GMF SPDR S&P Emerging Asia Pacific ETF 11.2 49 10 6.1 +4.3
DEHP Dimensional Emerging Markets High Profitability ETF 11.2 41 18 5.0 +3.1
EEM iShares MSCI Emerging Markets ETF 11.1 69 -10 6.9 +5.0
SCHE Schwab Emerging Markets Equity ETF 11.0 11 48 7.1 +5.3
ESGE iShares ESG Aware MSCI EM ETF 11.0 25 34 7.1 +5.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 10.6 66 -7 10.0 +8.1
ARVR First Trust Indxx Metaverse ETF 10.6 70 -11 0.8 -1.1
VWO Vanguard FTSE Emerging Markets ETF 10.5 8 51 6.9 +5.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 10.1 45 14 11.0 +9.1
EMC Global X Emerging Markets Great Consumer ETF 9.9 75 -16 4.5 +2.7
IEMG iShares Core MSCI Emerging Markets ETF 9.7 9 50 7.5 +5.6
BKEM BNY Mellon Emerging Markets Equity ETF 9.6 11 48 8.4 +6.5
NUEM Nuveen ESG Emerging Markets Equity ETF 9.5 36 23 6.5 +4.6
SPEM SPDR Portfolio Emerging Markets ETF 9.5 7 52 7.3 +5.5
EMGF iShares Emerging Markets Equity Factor ETF 9.5 25 34 8.5 +6.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 9.4 41 18 7.4 +5.5
DFAE Dimensional Emerging Core Equity Market ETF 9.4 35 24 7.3 +5.4
MEM Matthews Emerging Markets Equity Active ETF 9.3 79 -20 5.4 +3.5
FDEM Fidelity Emerging Markets Multifactor ETF 9.3 25 34 12.3 +10.5
PGJ Invesco Golden Dragon China ETF 9.2 70 -11 4.9 +3.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 9.2 36 23 7.8 +6.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 9.1 15 44 7.2 +5.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 8.9 39 20 12.5 +10.6
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 8.9 55 4 8.5 +6.6
KGRN KraneShares MSCI China Clean Technology Index ETF 8.7 79 -20 5.6 +3.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 8.4 35 24 12.4 +10.6
AFTY Pacer CSOP FTSE China A50 ETF 8.2 70 -11 9.0 +7.2
BNGE First Trust S-Network Streaming and Gaming ETF 8.1 70 -11 -3.5 -5.4
JHEM John Hancock Multifactor Emerging Markets ETF 7.9 49 10 8.2 +6.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 7.6 38 21 7.8 +6.0
DSTX Distillate International Fundamental Stability & Value ETF 7.6 55 4 8.0 +6.1
SOCL Global X Social Media ETF 7.6 65 -6 -6.4 -8.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 7.5 15 44 10.2 +8.4
MOTI VanEck Morningstar International Moat ETF 7.5 58 1 5.9 +4.0
FMET Fidelity Metaverse ETF 7.4 39 20 5.4 +3.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 7.1 95 -36 10.5 +8.6
ECON Columbia Emerging Markets Consumer ETF 6.9 49 10 7.3 +5.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 6.4 59 0 11.3 +9.4
CHAT Roundhill Generative AI & Technology ETF 6.4 75 -16 3.8 +2.0
OND ProShares On-Demand ETF 5.8 58 1 -2.2 -4.0
IXP iShares Global Comm Services ETF 5.7 42 17 5.1 +3.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 5.6 30 29 8.1 +6.3
PATN Pacer Nasdaq International Patent Leaders ETF 5.6 65 -6 6.5 +4.6
EBIZ Global X E-Commerce ETF 5.4 50 9 2.1 +0.2
FCA First Trust China AlphaDEX Fund 5.3 80 -21 16.2 +14.3
AVEM Avantis Emerging Markets Equity ETF 5.3 33 26 8.9 +7.0
FDCF Fidelity Disruptive Communications ETF 5.3 50 9 2.6 +0.7
ESPO VanEck Video Gaming and eSports ETF 5.3 56 3 3.5 +1.7
ODDS Pacer BlueStar Digital Entertainment ETF 5.3 60 -1 2.3 +0.4
FEM First Trust Emerging Markets AlphaDEX Fund 5.2 80 -21 13.0 +11.2
EMFQ Amplify Emerging Markets FinTech ETF 5.2 69 -10 5.3 +3.4
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 5.2 65 -6 6.2 +4.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 5.0 70 -11 9.2 +7.3
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 4.9 45 14 5.7 +3.8
GGME Invesco Next Gen Media and Gaming ETF 4.8 60 -1 3.5 +1.7
JIG JPMorgan International Growth ETF 4.7 55 4 4.6 +2.8
KSTR KraneShares SSE STAR Market 50 Index ETF 4.6 89 -30 2.1 +0.3
LIT Global X Lithium & Battery Tech ETF 4.5 75 -16 9.1 +7.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.5 40 19 8.3 +6.4
ISHP First Trust Nasdaq Retail ETF 4.4 60 -1 2.9 +1.0
WRND IQ Global Equity R&D Leaders ETF 4.3 18 41 7.5 +5.6
METV Roundhill Ball Metaverse ETF 4.1 59 0 3.4 +1.5
ONLN ProShares Online Retail ETF 4.1 58 1 3.3 +1.5
LIVR Intelligent Livermore ETF 4.1 69 -10 6.0 +4.1
BATT Amplify Lithium & Battery Technology ETF 4.1 59 0 -0.1 -2.0
MRAD SmartETFs Advertising & Marketing Technology ETF 4.0 68 -9 5.5 +3.7
ANEW ProShares MSCI Transformational Changes ETF 4.0 45 14 3.6 +1.7
NXTG First Trust Indxx NextG ETF 4.0 70 -11 6.2 +4.4
EMXF iShares ESG Advanced MSCI EM ETF 4.0 16 43 6.8 +5.0
IPKW Invesco International BuyBack Achievers ETF 3.9 55 4 11.0 +9.2
AIVC Amplify Bloomberg AI Value Chain ETF 3.9 59 0 5.8 +4.0
ETEC iShares Breakthrough Environmental Solutions ETF 3.9 47 12 8.0 +6.1
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 3.9 72 -13 1.0 -0.9
EV Mast Global Battery Recycling & Production ETF 3.8 65 -6 12.2 +10.4
BUYZ Franklin Disruptive Commerce ETF 3.8 50 9 1.8 -0.0
IVES Wedbush ETFMG Global Cloud Technology ETF 3.8 68 -9 5.8 +3.9
RXI iShares Global Consumer Discretionary ETF 3.8 41 18 5.4 +3.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 3.8 50 9 13.0 +11.1
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 3.8 18 41 6.8 +5.0
DFEV Dimensional Emerging Markets Value ETF 3.7 43 16 11.1 +9.2
IBAT iShares Energy Storage & Materials ETF 3.7 47 12 3.1 +1.2
FLHK Franklin FTSE Hong Kong ETF 3.6 9 50 6.8 +5.0
GBUY Goldman Sachs Future Consumer Equity ETF 3.5 75 -16 3.3 +1.5
ACWX iShares MSCI ACWI ex U.S. ETF 3.4 34 25 7.0 +5.1
VEU Vanguard FTSE All-World ex-US Index Fund 3.3 8 51 7.3 +5.4
RAYS Global X Solar ETF 3.2 51 8 6.9 +5.1
MOTG VanEck Morningstar Global Wide Moat ETF 3.2 52 7 5.6 +3.8
CWI SPDR MSCI ACWI ex-US ETF 3.2 30 29 6.9 +5.1
WISE Themes Generative Artificial Intelligence ETF 3.2 35 24 0.5 -1.4
TTAI FCF International Quality ETF 3.2 59 0 5.6 +3.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 3.1 25 34 6.6 +4.8
AIQ Global X Artificial Intelligence & Technology ETF 3.1 68 -9 4.0 +2.1
OGIG ALPS O'Shares Global Internet Giants ETF 3.1 48 11 1.9 +0.0
VXUS Vanguard Total International Stock ETF 3.0 7 52 7.2 +5.3
IBUY Amplify Online Retail ETF 3.0 65 -6 1.4 -0.5
ROAM Hartford Multifactor Emerging Markets ETF 3.0 44 15 15.8 +13.9
IXUS iShares Core MSCI Total International Stock ETF 3.0 7 52 7.2 +5.3
GSFP Goldman Sachs Future Planet Equity ETF 3.0 75 -16 4.2 +2.4
TAN Invesco Solar ETF 2.9 67 -8 10.4 +8.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.9 41 18 7.4 +5.6
SDG iShares MSCI Global Sustainable Development Goals ETF 2.9 49 10 5.6 +3.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 2.8 42 17 8.1 +6.2
VIDI Vident International Equity Strategy ETF 2.8 61 -2 10.2 +8.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.8 18 41 7.0 +5.2
RNEM First Trust Emerging Markets Equity Select ETF 2.8 75 -16 7.6 +5.7
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.7 57 2 5.9 +4.0
IBLC iShares Blockchain and Tech ETF 2.6 47 12 -1.7 -3.5
KOCG FIS Knights of Columbus Global Belief ETF 2.4 75 -16 5.0 +3.2
VSGX Vanguard ESG International Stock ETF 2.4 12 47 6.8 +4.9
AVES Avantis Emerging Markets Value ETF 2.4 36 23 11.6 +9.7
IQDE FlexShares International Quality Dividend Defensive Index ET 2.4 47 12 14.8 +12.9
QNXT iShares Nasdaq-100 ex Top 30 ETF 2.1 20 39 5.2 +3.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.0 30 29 8.0 +6.1
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.0 60 -1 9.8 +8.0
OBOR KraneShares MSCI One Belt One Road Index ETF 1.9 79 -20 10.3 +8.4
XNTK SPDR NYSE Technology ETF 1.8 35 24 4.2 +2.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.8 45 14 -0.6 -2.4
ICLN iShares Global Clean Energy ETF 1.8 41 18 6.0 +4.1
UMMA Wahed Dow Jones Islamic World ETF 1.7 65 -6 4.6 +2.7
SMOG VanEck Low Carbon Energy ETF 1.6 61 -2 2.4 +0.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.6 45 14 12.3 +10.5
BIGFX Baron International Growth Retail 1.4 75 -16 3.1 +1.3
CTEC Global X CleanTech ETF 1.4 50 9 2.9 +1.0
FRNW Fidelity Clean Energy ETF 1.4 39 20 2.6 +0.7
BWEB Bitwise Web3 ETF 1.4 85 -26 0.7 -1.1
FDTX Fidelity Disruptive Technology ETF 1.4 50 9 2.8 +0.9
GINN Goldman Sachs Innovate Equity ETF 1.4 52 7 2.8 +0.9
CGXU Capital Group International Focus Equity ETF 1.3 54 5 4.9 +3.0
AADR AdvisorShares Dorsey Wright ADR ETF 1.3 110 -51 5.6 +3.7
PBD Invesco Global Clean Energy ETF 1.3 75 -16 -5.3 -7.1
KLMT Invesco MSCI Global Climate 500 ETF 1.3 10 49 5.4 +3.6
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.3 61 -2 1.2 -0.7
XT iShares Exponential Technologies ETF 1.2 46 13 4.8 +2.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.2 44 15 10.6 +8.8
ACWI iShares MSCI ACWI ETF 1.1 32 27 5.3 +3.4
IOO iShares Global 100 ETF 1.1 41 18 4.8 +3.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.1 58 1 5.0 +3.2
CGIE Capital Group International Equity ETF 1.1 54 5 4.9 +3.1
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 1.1 79 -20 5.1 +3.2
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.1 75 -16 2.9 +1.0
VT Vanguard Total World Stock ETF 1.1 7 52 5.5 +3.7
DTEC ALPS Disruptive Technologies ETF 1.1 50 9 3.7 +1.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.0 12 47 4.8 +2.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1.0 9 50 5.4 +3.5
TEMP JPMorgan Climate Change Solutions ETF 1.0 49 10 5.5 +3.6
MVPS Amplify Thematic All-Stars ETF 1.0 49 10 2.7 +0.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.9 35 24 4.6 +2.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.9 20 39 5.2 +3.3
DTAN Sparkline International Intangible Value ETF 0.9 55 4 9.2 +7.3
DGT SPDR Global Dow ETF 0.9 50 9 6.8 +4.9
TRFM AAM Transformers ETF 0.9 49 10 2.0 +0.1
KNCT Invesco Next Gen Connectivity ETF 0.9 40 19 5.6 +3.7
RODE Hartford Multifactor Diversified International ETF 0.9 29 30 11.8 +9.9
FCLD Fidelity Cloud Computing ETF 0.8 39 20 3.1 +1.2
BECO BlackRock Future Climate and Sustainable Economy ETF 0.8 70 -11 11.9 +10.1
WUGI AXS Esoterica NextG Economy ETF 0.8 75 -16 2.5 +0.7
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.8 75 -16 4.6 +2.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.8 47 12 9.4 +7.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.8 65 -6 8.2 +6.3
APIE ActivePassive International Equity ETF 0.8 45 14 8.1 +6.3
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.7 61 -2 -2.4 -4.3
IQDF FlexShares International Quality Dividend Index Fund 0.7 47 12 12.9 +11.0
CCNR ALPS CoreCommodity Natural Resources ETF 0.7 39 20 11.0 +9.2
ERTH Invesco MSCI Sustainable Future ETF 0.6 62 -3 3.6 +1.8
JFWD Jacob Forward ETF 0.6 75 -16 0.0 -1.9
VCLN Virtus Duff & Phelps Clean Energy ETF 0.6 59 0 3.9 +2.0
ION ProShares S&P Global Core Battery Metals ETF 0.6 58 1 15.5 +13.7
ACWV iShares MSCI Global Min Vol Factor ETF 0.6 20 39 6.3 +4.5
IGPT Invesco AI and Next Gen Software ETF 0.6 60 -1 3.8 +1.9
JSTC Adasina Social Justice All Cap Global ETF 0.5 89 -30 4.9 +3.1
EEMD AAM S&P Emerging Markets High Dividend Value ETF 0.5 49 10 16.1 +14.3
QQQS Invesco NASDAQ Future Gen 200 ETF 0.5 20 39 -10.7 -12.6
QINT American Century Quality Diversified International ETF 0.5 39 20 7.7 +5.8
GINX SGI Enhanced Global Income ETF 0.5 98 -39 5.6 +3.8
QQQ Invesco QQQ Trust Series I 0.5 20 39 4.5 +2.7
QQQM Invesco NASDAQ 100 ETF 0.5 15 44 4.6 +2.7
DEM WisdomTree Emerging Markets High Dividend Fund 0.5 63 -4 18.9 +17.0
CVY Invesco Zacks Multi-Asset Income ETF 0.5 106 -47 9.8 +7.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.4 65 -6 0.2 -1.6
BLLD JPMorgan Sustainable Infrastructure ETF 0.4 49 10 5.7 +3.8
GLOF iShares Global Equity Factor ETF 0.4 20 39 7.0 +5.1
CNXT VanEck ChiNext ETF 0.4 65 -6 4.1 +2.2
JPIN J.P. Morgan Diversified Return International Equity ETF 0.4 37 22 8.9 +7.0
ONEQ Fidelity Nasdaq Composite Index ETF 0.4 21 38 3.8 +1.9
IXN iShares Global Tech ETF 0.3 41 18 4.5 +2.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.3 58 1 10.2 +8.3
IGRO iShares International Dividend Growth ETF 0.3 15 44 7.5 +5.7
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 13 9.3 +7.5
VYMI Vanguard International High Dividend Yield ETF 0.3 22 37 9.8 +8.0
DMAT Global X Disruptive Materials ETF 0.3 59 0 10.5 +8.6
FBCG Fidelity Blue Chip Growth ETF 0.3 59 0 2.8 +0.9
FPAG FPA Global Equity ETF 0.3 49 10 5.4 +3.6
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 39 4.7 +2.9
ROBO ROBO Global Robotics & Automation Index ETF 0.3 95 -36 3.5 +1.6
FBOT Fidelity Disruptive Automation ETF 0.3 50 9 3.6 +1.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 10 7.0 +5.1
PNQI Invesco NASDAQ Internet ETF 0.2 60 -1 2.3 +0.4
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.2 50 9 5.7 +3.9
IDAT iShares Future Cloud 5G and Tech ETF 0.2 47 12 4.3 +2.4
CLNR IQ Cleaner Transport ETF 0.2 45 14 6.8 +5.0
KOMP SPDR S&P Kensho New Economies Composite ETF 0.2 20 39 1.0 -0.8
VPL Vanguard FTSE Pacific ETF 0.2 8 51 7.7 +5.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.2 45 14 8.9 +7.1
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 30 5.5 +3.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 20 7.2 +5.3
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 35 8.7 +6.8
ZSB USCF Sustainable Battery Metals Strategy Fund 0.1 61 -2 18.6 +16.8
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.1 78 -19 9.0 +7.1
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 39 7.1 +5.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.1 67 -8 15.0 +13.2
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 34 9.9 +8.0
SCHF Schwab International Equity ETF 0.1 6 53 7.5 +5.6
VEA Vanguard FTSE Developed Markets ETF 0.1 5 54 7.3 +5.5
IQSI IQ Candriam International Equity ETF 0.0 15 44 6.6 +4.8
BKIE BNY Mellon International Equity ETF 0.0 4 55 7.1 +5.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 39 7.0 +5.1
VIGI Vanguard International Dividend Appreciation ETF 0.0 15 44 6.4 +4.6
INTF iShares International Equity Factor ETF 0.0 15 44 8.2 +6.3
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 56 7.2 +5.3

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
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VALUATION METRICS
  2023 2024E 2025E
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Historical valuation trends

Forward
multiple:		 iShares MSCI China Multisector Tech ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 4.4 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 1.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.33 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.