WisdomTree ICBCCS S&P China 500 Fund
ALTAR
Score™
9.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
11.1x P/Sales
ratio
1.1x
P/BV
ratio
1.4x Div.
yield
2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The WisdomTree ICBCCS S&P China 500 ETF tracks a broad, cap-weighted index of large, liquid Chinese equities.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor WisdomTree
Website www.wisdomtree.com
Inception date Dec 21, 2017
Assets (mns) $14
Currency USD
Expense ratio 55 bp
Distributions Quarterly

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 474
Wgt avg mkt cap (mns) $135,173
Large cap (>$10bn) 79.9%
Mid cap ($2-10bn) 18.7%
Small cap (<$2bn) 1.4%
Developed mkts 14.9%
Emerging mkts 85.1%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 9.5 %
TENCENT HOLDINGS LTD 8.9 %
PING AN INSURANCE (GROUP) COMPANY 2.9 %
CHINA CONSTRUCTION BANK-H 2.5 %
KWEICHOW MOUTAI CO LTD-A 2.5 %
CHINA MERCHANTS BANK -A 1.9 %
IND & COMM BK OF CHINA - H 1.7 %
PING AN INSURANCE GROUP CO-H 1.7 %
CHINA MOBILE LIMITED 1.4 %
MEITUAN DIANPING 1.4 %
Total 34.3 %

TOP COUNTRY EXPOSURE
CHINA 92.0 %
HONG KONG 6.5 %









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.
-10.8% -7.5% -- -- -5.8%

Market Correlations
versus... Beta R-squared
S&P500 0.82 44%
MSCI EAFE 0.87 45%
MSCI Emg. Mkts. 0.88 65%

Technical Indicators
Recent close $26.19
30d moving avg. $27.30
Annualized volatility 21.7%
Short interest (ETF) 0.1%
Relative strength (RSI) 43

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.9%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $42,083

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the WisdomTree ICBCCS S&P China 500 Fund ETF based on the alternatives' overlap in portfolio holdings with WCHN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: WCHN Expense: 55 bp ALTAR Score™: 9.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH WCHN
Ticker Fund
Name
Overlap1
vs WCHN
(%)
Expense
ratio
(bp)
Savings
vs WCHN
(bp)
ALTAR
Score™
(%)
ALTAR
vs WCHN
(%)
KALL KraneShares FTSE Emerging Markets Plus ETF 70.0 49 6 10.1 +0.2
GXC SPDR S&P China ETF 60.4 59 -4 10.1 +0.3
MCHI iShares MSCI China ETF 56.4 59 -4 10.2 +0.4
FLCH Franklin FTSE China ETF 54.3 19 36 10.4 +0.6
BKF iShares MSCI BRIC ETF 52.9 69 -14 10.0 +0.2
CHIL Global X MSCI China Large-Cap 50 ETF 49.6 29 26 10.6 +0.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 46.9 32 23 8.2 -1.6
CN Xtrackers MSCI All China Equity ETF 46.6 50 5 10.5 +0.7
KBA KraneShares Bosera MSCI China A Share ETF 45.1 60 -5 8.7 -1.1
ASHX Xtrackers MSCI China A Inclusion Equity ETF 45.1 60 -5 8.7 -1.1
CNYA iShares MSCI China A ETF 45.0 65 -10 8.7 -1.1
GMF SPDR S&P Emerging Asia Pacific ETF 45.0 49 6 9.4 -0.4
EEMA iShares MSCI Emerging Markets Asia ETF 43.5 50 5 10.1 +0.3
PEK VanEck Vectors ChinaAMC CSI 300 ETF 43.2 60 -5 9.4 -0.5
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 43.2 65 -10 9.3 -0.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 39.1 68 -13 9.4 -0.4
SCHE Schwab Emerging Markets Equity ETF 38.6 13 42 10.3 +0.5
FLAX Franklin FTSE Asia Ex Japan ETF 38.1 19 36 10.0 +0.2
PBEE Invesco PureBeta FTSE Emerging Markets ETF 38.0 14 41 11.3 +1.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 36.7 30 25 10.4 +0.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 36.6 32 23 8.5 -1.4
SPEM SPDR Portfolio Emerging Markets ETF 35.5 11 44 10.2 +0.4
EEM iShares MSCI Emerging Markets ETF 35.0 68 -13 10.0 +0.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 34.8 65 -10 10.0 +0.2
VWO Vanguard FTSE Emerging Markets ETF 34.6 10 45 10.5 +0.7
IEMG iShares Core MSCI Emerging Markets ETF 31.7 14 41 10.5 +0.7
JHEM John Hancock Multifactor Emerging Markets ETF 30.4 55 0 10.8 +1.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 29.2 45 10 10.3 +0.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 27.8 20 35 9.2 -0.6
PXH Invesco FTSE RAFI Emerging Markets ETF 27.5 50 5 16.0 +6.2
AFTY Pacer CSOP FTSE China A50 ETF 26.7 70 -15 11.3 +1.5
ESGE iShares ESG MSCI EM ETF 26.7 25 30 11.6 +1.8
FXI iShares China Large-Cap ETF 26.5 74 -19 14.6 +4.7
NUEM Nuveen ESG Emerging Markets Equity ETF 26.3 45 10 9.3 -0.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 25.4 95 -40 12.3 +2.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 24.4 30 25 10.8 +1.0
KWEB KraneShares CSI China Internet ETF 24.0 76 -21 4.5 -5.4
ISEM Invesco Strategic Emerging Markets ETF 23.5 35 20 11.9 +2.1
FDNI First Trust Dow Jones International Internet ETF 23.2 65 -10 4.2 -5.6
AVEM Avantis Emerging Markets Equity ETF 22.5 33 22 11.7 +1.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 22.1 86 -31 3.5 -6.4
DVEM WisdomTree Emerging Markets Dividend Fund 21.8 32 23 11.0 +1.2
AIA iShares Asia 50 ETF 21.5 50 5 10.1 +0.3
TTTN UP Fintech China-U.S. Internet Titans ETF 21.5 59 -4 6.4 -3.4
JOYY Infusive Compounding Global Equities ETF 21.4 50 5 5.2 -4.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 21.4 59 -4 13.2 +3.4
EMCG WisdomTree Emerging Markets Consumer Growth Fund 20.9 32 23 9.2 -0.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 19.0 39 16 15.3 +5.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 18.6 40 15 8.9 -0.9
ECON Columbia Emerging Markets Consumer ETF 17.9 59 -4 5.8 -4.0
CHIQ Global X China Consumer ETF 17.8 65 -10 12.1 +2.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 17.8 32 23 11.4 +1.6
BICK First Trust BICK Index Fund 17.6 64 -9 6.4 -3.4
CQQQ Invesco China Technology ETF 17.0 70 -15 5.1 -4.7
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 17.0 25 30 9.7 -0.1
CHIX Global X China Financials ETF 15.9 65 -10 19.4 +9.6
OGIG O'Shares Global Internet Giants ETF 15.8 48 7 1.0 -8.8
KFYP KraneShares CICC China Leaders 100 Index ETF 15.5 70 -15 13.5 +3.7
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 14.5 18 37 7.4 -2.4
FNI First Trust Chindia ETF 14.3 59 -4 4.7 -5.1
AXJL WisdomTree Asia Pacific ex-Japan Fund 14.0 48 7 11.0 +1.2
DEM WisdomTree Emerging Markets High Dividend Fund 14.0 63 -8 16.6 +6.8
EMMF WisdomTree Emerging Markets Multifactor Fund 13.8 48 7 11.8 +2.0
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 13.5 45 10 11.8 +2.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 13.5 45 10 10.6 +0.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 13.5 49 6 11.1 +1.3
BUYZ Franklin Disruptive Commerce ETF 13.4 50 5 0.3 -9.5
PGJ Invesco Golden Dragon China ETF 13.3 70 -15 4.5 -5.4
GBUY Goldman Sachs Motif New Age Consumer ETF 12.6 50 5 3.7 -6.1
CHIC Global X Nasdaq China Technology ETF 12.1 65 -10 4.8 -5.0
ROAM Hartford Multifactor Emerging Markets ETF 12.0 44 11 17.8 +8.0
FDEM Fidelity Targeted Emerging Markets Factor ETF 11.8 45 10 11.6 +1.8
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 11.8 80 -25 2.2 -7.6
PNQI Invesco NASDAQ Internet ETF 11.7 62 -7 3.2 -6.6
DINT Davis Select International ETF 11.5 75 -20 8.2 -1.7
CEZ Victory CEMP Emerging Market Volatility Wtd Index ETF 11.2 50 5 12.6 +2.7
ONLN ProShares Online Retail ETF 11.0 58 -3 2.7 -7.1
SOCL Global X Social Media ETF 10.5 65 -10 3.5 -6.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 10.3 16 39 8.8 -1.0
ACWX iShares MSCI ACWI ex U.S. ETF 10.1 32 23 9.4 -0.4
DWLD Davis Select Worldwide ETF 10.1 64 -9 9.3 -0.5
IXP iShares Global Comm Services ETF 10.0 46 9 7.5 -2.3
PIE Invesco DWA Emerging Markets Momentum ETF 9.8 90 -35 7.1 -2.7
GIGE SoFi Gig Economy ETF 9.8 59 -4 -0.3 -10.1
CWI SPDR MSCI ACWI ex-US ETF 9.6 30 25 9.4 -0.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 9.6 40 15 9.2 -0.7
VEU Vanguard FTSE All-World ex-US Index Fund 9.4 8 47 9.7 -0.1
AIQ Global X Future Analytics Tech ETF 9.3 68 -13 5.8 -4.0
RNEM Emerging Markets Equity Select ETF 9.2 75 -20 11.6 +1.8
VSGX Vanguard ESG International Stock ETF 9.2 17 38 9.2 -0.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 8.9 20 35 13.0 +3.2
IXUS ishares Core MSCI Total International Stock ETF 8.8 9 46 9.5 -0.3
ESPO VanEck Vectors Video Gaming & eSports ETF 8.7 55 0 3.6 -6.2
VXUS Vanguard Total International Stock Index Fund 8.5 8 47 9.7 -0.1
CHII Global X China Industrials ETF 8.0 66 -11 13.5 +3.7
BLCN Reality Shares Nasdaq NextGen Economy ETF 8.0 68 -13 6.2 -3.6
CHIK Global X MSCI China Information Technology ETF 7.9 65 -10 12.5 +2.7
CHIS Global X MSCI China Consumer Staples ETF 7.6 65 -10 4.4 -5.4
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 7.5 45 10 16.3 +6.5
FCA First Trust China AlphaDEX Fund 7.4 80 -25 16.7 +6.9

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:
WisdomTree ICBCCS S&P China 500 Fund
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 14.3 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 9.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.30 CATEGORY
AVERAGE
1.45
 
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.