UP Fintech China-U.S. Internet Titans ETF
ALTAR
Score™
6.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
15.2x P/Sales
ratio
1.3x
P/BV
ratio
3.5x Div.
yield
0.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The TigerShares China-U.S. Internet Titans ETF tracks a market-cap weighted index of the 10 largest internet companies in each of the Chinese and US markets.

FUND BASICS
Category Global Equities
Fund Sponsor TigerShares
Website www.tigershares.com
Inception date Nov 07, 2018
Assets (mns) $8
Currency USD
Expense ratio 59 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 21
Wgt avg mkt cap (mns) $284,007
Large cap (>$10bn) 87.2%
Mid cap ($2-10bn) 12.8%
Small cap (<$2bn) 0.0%
Developed mkts 57.6%
Emerging mkts 42.4%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 10.0 %
AMAZON.COM INC 9.2 %
ALIBABA GROUP HOLDING LTD. SPONSOR 8.1 %
ALPHABET INC. CLASS C 7.3 %
FACEBOOK 6.6 %
JD.COM INC-ADR 5.3 %
NETFLIX INC 5.0 %
VIPSHOP HOLDINGS LTD SPONSORED ADR 4.8 %
AUTOHOME, INC. SPONSORED ADR CLASS 4.5 %
NETEASE.COM INC-ADR 4.5 %
Total 65.3 %

TOP COUNTRY EXPOSURE
CHINA 51.1 %
UNITED STATES 45.6 %
ARGENTINA 3.4 %








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.
-7.9% -3.5% -- -- 7.3%

Market Correlations
versus... Beta R-squared
S&P500 0.97 71%
MSCI EAFE 0.89 54%
MSCI Emg. Mkts. 0.78 57%

Technical Indicators
Recent close $25.80
30d moving avg. $27.43
Annualized volatility 23.6%
Short interest (ETF) 19.6%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 3
Turnover 1.0%
Bid/Ask (% of price) 1.50%
ADV underlying (mns) $35,390

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the UP Fintech China-U.S. Internet Titans ETF ETF based on the alternatives' overlap in portfolio holdings with TTTN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: TTTN Expense: 59 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH TTTN
Ticker Fund
Name
Overlap1
vs TTTN
(%)
Expense
ratio
(bp)
Savings
vs TTTN
(bp)
ALTAR
Score™
(%)
ALTAR
vs TTTN
(%)
PNQI Invesco NASDAQ Internet ETF 66.9 62 -3 3.2 -3.2
KWEB KraneShares CSI China Internet ETF 48.1 76 -17 4.5 -2.0
EBIZ Global X E-Commerce ETF 45.0 50 9 5.1 -1.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 44.4 86 -27 3.5 -3.0
JOYY Infusive Compounding Global Equities ETF 43.0 50 9 5.2 -1.3
FDNI First Trust Dow Jones International Internet ETF 38.3 65 -6 4.2 -2.2
PGJ Invesco Golden Dragon China ETF 33.7 70 -11 4.5 -2.0
DWLD Davis Select Worldwide ETF 33.3 64 -5 9.3 +2.9
FDN First Trust Dow Jones Internet Index Fund 32.6 52 7 3.9 -2.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 31.6 32 27 8.2 +1.8
OGIG O'Shares Global Internet Giants ETF 31.4 48 11 1.0 -5.4
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 29.7 80 -21 2.2 -4.2
CQQQ Invesco China Technology ETF 29.4 70 -11 5.1 -1.3
GBUY Goldman Sachs Motif New Age Consumer ETF 29.1 50 9 3.7 -2.7
BUYZ Franklin Disruptive Commerce ETF 29.1 50 9 0.3 -6.1
IXP iShares Global Comm Services ETF 28.2 46 13 7.5 +1.1
ONLN ProShares Online Retail ETF 28.0 58 1 2.7 -3.7
ENTR Entrepreneur 30 Fund 28.0 49 10 3.5 -3.0
SOCL Global X Social Media ETF 27.9 65 -6 3.5 -2.9
CHIL Global X MSCI China Large-Cap 50 ETF 27.4 29 30 10.6 +4.2
FNI First Trust Chindia ETF 26.9 59 0 4.7 -1.7
ECON Columbia Emerging Markets Consumer ETF 26.5 59 0 5.8 -0.6
FLCH Franklin FTSE China ETF 26.1 19 40 10.4 +4.0
GXC SPDR S&P China ETF 25.1 59 0 10.1 +3.7
GIGE SoFi Gig Economy ETF 25.1 59 0 -0.3 -6.7
AIQ Global X Future Analytics Tech ETF 24.6 68 -9 5.8 -0.6
CHIC Global X Nasdaq China Technology ETF 24.4 65 -6 4.8 -1.6
MCHI iShares MSCI China ETF 24.2 59 0 10.2 +3.8
CHIQ Global X China Consumer ETF 24.2 65 -6 12.1 +5.7
KALL KraneShares FTSE Emerging Markets Plus ETF 23.9 49 10 10.1 +3.7
DUSA Davis Select U.S. Equity ETF 23.4 63 -4 8.2 +1.8
BKF iShares MSCI BRIC ETF 22.6 69 -10 10.0 +3.6
QYLD Global X NASDAQ 100 Covered Call ETF 22.6 60 -1 5.0 -1.4
QQQ Invesco QQQ Trust 22.1 20 39 5.5 -1.0
DINT Davis Select International ETF 22.0 75 -16 8.2 +1.8
CN Xtrackers MSCI All China Equity ETF 22.0 50 9 10.5 +4.1
TMFC Motley Fool 100 Index ETF 21.9 50 9 5.3 -1.1
NUSI Nationwide Risk-Managed Income ETF 21.9 68 -9 5.0 -1.4
IGM iShares North American Tech ETF 21.9 46 13 5.5 -0.9
XWEB SPDR S&P Internet ETF 21.9 35 24 2.4 -4.0
XLC The Communication Services Select Sector SPDR Fund 21.8 13 46 8.1 +1.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 21.6 32 27 8.5 +2.0
XNTK SPDR Morgan Stanley Technology ETF 21.5 35 24 5.5 -0.9
WCHN WisdomTree ICBCCS S&P China 500 Fund 21.5 55 4 9.8 +3.4
IBUY Amplify Online Retail ETF 20.6 65 -6 -1.1 -7.5
FCOM Fidelity MSCI Telecommunication Services Index ETF 19.9 8 51 7.0 +0.6
VOX Vanguard Telecommunication Services Index Fund 19.8 10 49 6.7 +0.3
GMF SPDR S&P Emerging Asia Pacific ETF 19.3 49 10 9.4 +3.0
IETC iShares Evolved U.S. Technology ETF 19.0 18 41 5.4 -1.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 19.0 21 38 4.4 -2.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 18.9 20 39 9.2 +2.8
MILN Global X Millennials Thematic ETF 18.7 50 9 4.4 -2.0
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 18.6 18 41 7.4 +1.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 18.2 95 -36 12.3 +5.9
SCHE Schwab Emerging Markets Equity ETF 18.2 13 46 10.3 +3.9
MGK Vanguard Mega Cap Growth ETF 18.0 7 52 5.7 -0.7
EEMA iShares MSCI Emerging Markets Asia ETF 17.8 50 9 10.1 +3.7
PBEE Invesco PureBeta FTSE Emerging Markets ETF 17.6 14 45 11.3 +4.9
FLAX Franklin FTSE Asia Ex Japan ETF 17.6 19 40 10.0 +3.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 17.5 30 29 10.4 +4.0
XBUY Amplify International Online Retail ETF 17.4 69 -10 -0.5 -6.9
JHCS John Hancock Multifactor Media & Communications ETF 17.1 40 19 7.7 +1.3
ARKF ARK Fintech Innovation ETF 17.1 75 -16 2.0 -4.5
IWY iShares Russell Top 200 Growth ETF 17.0 20 39 5.6 -0.8
NUEM Nuveen ESG Emerging Markets Equity ETF 17.0 45 14 9.3 +2.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 16.9 68 -9 9.4 +3.0
IYC iShares U.S. Consumer Services ETF 16.5 42 17 6.6 +0.2
GENY Principal Millennials Index ETF 16.3 45 14 6.4 +0.0
VWO Vanguard FTSE Emerging Markets ETF 16.0 10 49 10.5 +4.1
LRGE ClearBridge Large Cap Growth ESG ETF 16.0 60 -1 5.4 -1.0
ESGE iShares ESG MSCI EM ETF 16.0 25 34 11.6 +5.2
JKE iShares Morningstar Large-Cap Growth ETF 15.8 25 34 4.7 -1.7
VUG Vanguard Growth Index Fund 15.7 4 55 5.6 -0.8
EWCO Invesco S&P 500 Equal Weight Communication Services ETF 15.5 40 19 8.9 +2.5
EEM iShares MSCI Emerging Markets ETF 15.3 68 -9 10.0 +3.6
ISEM Invesco Strategic Emerging Markets ETF 15.2 35 24 11.9 +5.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 15.1 65 -6 10.0 +3.6
DVEM WisdomTree Emerging Markets Dividend Fund 15.1 32 27 11.0 +4.6
SPEM SPDR Portfolio Emerging Markets ETF 15.0 11 48 10.2 +3.8
VOOG Vanguard S&P 500 Growth ETF 14.9 10 49 5.8 -0.6
SPYG SPDR Portfolio S&P 500 Growth ETF 14.9 4 55 5.9 -0.6
IVW iShares S&P 500 Growth ETF 14.9 18 41 5.7 -0.7
SCHG Schwab U.S. Large-Cap Growth ETF 14.8 4 55 5.7 -0.7
SYG SPDR MFS Systematic Growth Equity ETF 14.8 60 -1 6.4 0.0
XLG Invesco S&P 500 Top 50 ETF 14.8 20 39 6.0 -0.4
GVIP Goldman Sachs Hedge Industry VIP ETF 14.7 45 14 6.7 +0.3
JHMC John Hancock Multifactor Consumer Discretionary ETF 14.5 40 19 8.2 +1.8
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 14.3 60 -1 5.2 -1.2
PLAT WisdomTree Modern Tech Platforms Fund 14.2 45 14 2.2 -4.2
IWF iShares Russell 1000 Growth ETF 14.2 19 40 5.8 -0.7
VONG Vanguard Russell 1000 Growth Index Fund 14.1 8 51 5.9 -0.6
IUSG iShares Core S&P US Growth ETF 14.0 4 55 5.9 -0.5
PBS Invesco Dynamic Media ETF 13.9 63 -4 7.5 +1.1
IEMG iShares Core MSCI Emerging Markets ETF 13.9 14 45 10.5 +4.1
GURU Global X Guru Index ETF 13.7 75 -16 5.7 -0.7
RXI iShares Global Consumer Discretionary ETF 13.5 46 13 8.5 +2.1
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 13.5 60 -1 5.7 -0.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 13.5 35 24 5.9 -0.5
VCR Vanguard Consumer Discretionary Index Fund 13.4 10 49 6.7 +0.3
RTH VanEck Vectors Retail ETF 13.4 35 24 6.6 +0.2

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

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
UP Fintech China-U.S. Internet Titans ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 22.6 %
Divided by: Fwd. P/BV 3.2 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.33 CATEGORY
AVERAGE
1.49
 
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.