Columbia EM Core ex-China ETF
ALTAR
Score™
9.5% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
12.3x P/Sales
ratio
1.0x
P/BV
ratio
1.2x Div.
yield
4.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Columbia EM Core ex-China ETF& provides broad equity exposure to emerging markets excluding China

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Columbia
Website www.columbiathreadneedleetf.com
Inception date Sep 02, 2015
Assets (mns) $14
Currency USD
Expense ratio 16 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 101
Wgt avg mkt cap (mns) $51,859
Large cap (>$10bn) 62.8%
Mid cap ($2-10bn) 31.0%
Small cap (<$2bn) 2.6%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 7.7 %
SAMSUNG ELECTRONICS CO LTD 6.7 %
HDFC BANK LTD-ADR 3.9 %
INFOSYS TECHNOLOGIES-SP ADR 3.4 %
ICICI BANK LTD-SPON ADR 3.3 %
OIL COMPANY LUKOIL PJSC SPONSORED 2.5 %
HYNIX SEMICONDUCTOR INC 2.5 %
BANK CENTRAL ASIA PT 2.1 %
BTS GROUP HOLDINGS PCL-NVDR 2.0 %
DOCTOR REDDY'S LAB-ADR 1.8 %
Total 35.9 %

TOP COUNTRY EXPOSURE
TAIWAN 25.6 %
SOUTH KOREA 17.4 %
INDIA 13.5 %
BRAZIL 10.1 %
RUSSIA 5.1 %
MALAYSIA 5.1 %
THAILAND 4.9 %
SOUTH AFRICA 4.8 %
INDONESIA 3.5 %
MEXICO 2.6 %

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.
-31.8% -23.6% -- -- 5.8%

Market Correlations
versus... Beta R-squared
S&P500 0.96 58%
MSCI EAFE 1.13 79%
MSCI Emg. Mkts. 1.00 89%

Technical Indicators
Recent close $19.01
30d moving avg. $22.06
Annualized volatility 19.2%
Short interest (ETF) 1.9%
Relative strength (RSI) 32

Liquidity measures
Avg. volume (thou.) 11
Turnover 1.5%
Bid/Ask (% of price) 4.67%
ADV underlying (mns) $4,465

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Columbia EM Core ex-China ETF ETF based on the alternatives' overlap in portfolio holdings with XCEM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: XCEM Expense: 16 bp ALTAR Score™: 9.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XCEM
Ticker Fund
Name
Overlap1
vs XCEM
(%)
Expense
ratio
(bp)
Savings
vs XCEM
(bp)
ALTAR
Score™
(%)
ALTAR
vs XCEM
(%)
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 39.7 49 -33 10.2 +0.7
EMXC iShares MSCI Emerging Markets ex China ETF 34.3 49 -33 10.3 +0.8
AIA iShares Asia 50 ETF 28.0 50 -34 10.0 +0.5
FRDM Freedom 100 Emerging Markets ETF 25.6 49 -33 9.2 -0.3
AXJL WisdomTree Asia Pacific ex-Japan Fund 24.7 48 -32 10.9 +1.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 24.3 49 -33 11.3 +1.8
JHEM John Hancock Multifactor Emerging Markets ETF 23.9 55 -39 10.6 +1.1
EWT iShares MSCI Taiwan ETF 23.4 59 -43 7.7 -1.8
FLTW Franklin FTSE Taiwan ETF 23.1 19 -3 8.1 -1.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 22.6 30 -14 10.2 +0.7
BICK First Trust BICK Index Fund 21.6 64 -48 6.2 -3.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 21.5 32 -16 8.3 -1.2
DVEM WisdomTree Emerging Markets Dividend Fund 21.3 32 -16 10.8 +1.3
EEMA iShares MSCI Emerging Markets Asia ETF 20.5 50 -34 9.9 +0.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 20.3 20 -4 9.1 -0.4
EEM iShares MSCI Emerging Markets ETF 20.0 68 -52 9.9 +0.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 20.0 65 -49 10.0 +0.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 19.8 45 -29 10.2 +0.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 19.5 40 -24 8.9 -0.6
ROAM Hartford Multifactor Emerging Markets ETF 19.3 44 -28 17.8 +8.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 19.2 39 -23 15.2 +5.7
ESGE iShares ESG MSCI EM ETF 18.5 25 -9 11.4 +1.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 18.3 30 -14 10.7 +1.2
IEMG iShares Core MSCI Emerging Markets ETF 18.1 14 2 10.4 +0.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 18.0 68 -52 9.3 -0.2
FLAX Franklin FTSE Asia Ex Japan ETF 17.8 19 -3 9.9 +0.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 17.8 95 -79 12.2 +2.7
FLKR Franklin FTSE South Korea ETF 17.4 9 7 12.2 +2.7
EWY iShares MSCI South Korea ETF 17.4 59 -43 11.7 +2.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 17.1 45 -29 10.5 +1.0
PXH Invesco FTSE RAFI Emerging Markets ETF 16.7 50 -34 15.9 +6.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 16.7 32 -16 11.3 +1.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 16.5 29 -13 12.4 +2.9
PBEE Invesco PureBeta FTSE Emerging Markets ETF 16.5 14 2 11.2 +1.7
NUEM Nuveen ESG Emerging Markets Equity ETF 15.4 45 -29 9.2 -0.3
DOGS Arrow Dogs of the World ETF 15.1 134 -118 14.2 +4.7
EMCG WisdomTree Emerging Markets Consumer Growth Fund 14.9 32 -16 9.1 -0.4
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 14.8 25 -9 9.7 +0.2
ISEM Invesco Strategic Emerging Markets ETF 14.7 35 -19 11.8 +2.3
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 14.6 64 -48 7.7 -1.8
SCHE Schwab Emerging Markets Equity ETF 14.5 13 3 10.3 +0.7
FDEM Fidelity Targeted Emerging Markets Factor ETF 14.4 45 -29 11.6 +2.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 14.0 59 -43 13.0 +3.5
FNI First Trust Chindia ETF 13.5 59 -43 4.5 -5.0
SPEM SPDR Portfolio Emerging Markets ETF 13.2 11 5 10.1 +0.6
FLLA Franklin FTSE Latin America ETF 12.2 19 -3 9.3 -0.2
EEMO Invesco S&P Emerging Markets Momentum ETF 11.6 30 -14 12.2 +2.7
DEM WisdomTree Emerging Markets High Dividend Fund 11.6 63 -47 16.7 +7.2
CEZ Victory CEMP Emerging Market Volatility Wtd Index ETF 11.5 50 -34 12.5 +3.0
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 11.0 45 -29 11.7 +2.2
VWO Vanguard FTSE Emerging Markets ETF 11.0 10 6 10.4 +0.9
RNEM Emerging Markets Equity Select ETF 10.7 75 -59 11.4 +1.9
FKO First Trust South Korea AlphadDEX Fund 10.7 80 -64 12.3 +2.8
LVHE Legg Mason Emerging Markets Low Volatility High Dividend ETF 10.1 51 -35 13.8 +4.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 9.8 70 -54 15.7 +6.2
AVEM Avantis Emerging Markets Equity ETF 9.6 33 -17 11.6 +2.1
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 9.5 18 -2 7.3 -2.2
EMMF WisdomTree Emerging Markets Multifactor Fund 9.1 48 -32 11.9 +2.4
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 9.1 45 -29 16.1 +6.6
EMFM Global X MSCI Next Emerging & Frontier ETF 9.1 55 -39 10.3 +0.8
EWZ iShares MSCI Brazil Capped ETF 9.0 59 -43 7.3 -2.2
GMF SPDR S&P Emerging Asia Pacific ETF 8.9 49 -33 9.3 -0.2
FLBR Franklin FTSE Brazil ETF 8.7 19 -3 8.1 -1.4
EDIV SPDR S&P Emerging Markets Dividend ETF 8.3 49 -33 13.4 +3.9
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 8.0 80 -64 11.6 +2.1
ECON Columbia Emerging Markets Consumer ETF 7.3 59 -43 5.7 -3.8
VYMI Vanguard International High Dividend Yield ETF 7.0 32 -16 12.0 +2.5
IXN iShares Global Tech ETF 6.9 46 -30 6.0 -3.5
FBZ First Trust Brazil AlphaDEX Fund 6.7 80 -64 8.8 -0.7
PIE Invesco DWA Emerging Markets Momentum ETF 6.6 90 -74 6.8 -2.7
VIDI Vident International Equity Fund 6.5 59 -43 14.8 +5.3
ASEA Global X Southeast Asia ETF 6.5 65 -49 11.8 +2.3
IDRV iShares Self-driving EV & Tech ETF 6.5 47 -31 9.9 +0.4
VIGI Vanguard International Dividend Appreciation ETF 6.2 25 -9 6.9 -2.6
FLN First Trust Latin America AlphaDEX Fund 6.1 80 -64 8.5 -1.0
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 5.9 51 -35 20.5 +11.0
FONE First Trust Indxx NextG ETF 5.9 70 -54 7.4 -2.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 5.9 16 0 8.5 -1.0
ACWX iShares MSCI ACWI ex U.S. ETF 5.6 32 -16 9.1 -0.4
AADR WCM/BNY Mellon Focused Growth ADR ETF 5.6 110 -94 4.9 -4.6
DWCR Arrow DWA Country Rotation ETF 5.5 95 -79 14.4 +4.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.5 40 -24 9.0 -0.6
VPL Vanguard FTSE Pacific ETF 5.4 8 8 9.6 +0.1
ILF iShares Latin America 40 ETF 5.4 48 -32 9.4 -0.1
VSGX Vanguard ESG International Stock ETF 5.2 17 -1 8.9 -0.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 5.1 60 -44 10.0 +0.5
FEM First Trust Emerging Markets AlphaDEX Fund 5.1 80 -64 14.5 +5.0
EWM iShares MSCI Malaysia ETF 5.1 49 -33 7.3 -2.2
DRIV Global X Autonomous & Electric Vehicles ETF 5.0 68 -52 8.3 -1.3
IXUS ishares Core MSCI Total International Stock ETF 5.0 9 7 9.3 -0.3
FLZA Franklin FTSE South Africa ETF 4.8 19 -3 14.8 +5.3
EZA iShares MSCI South Africa ETF 4.8 59 -43 12.5 +3.0
VXUS Vanguard Total International Stock Index Fund 4.8 8 8 9.5 -0.1
PICK iShares MSCI Global Metals & Mining Producers ETF 4.5 39 -23 10.7 +1.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.4 60 -44 13.4 +3.9
ISDX Invesco Strategic Developed ex-US ETF 4.4 23 -7 9.7 +0.2
DVYE iShares Emerging Markets Dividend ETF 4.4 49 -33 15.0 +5.5
BKF iShares MSCI BRIC ETF 4.1 69 -53 9.9 +0.4
PACA Xtrackers MSCI Latin America Pacific Alliance ETF 4.0 45 -29 10.0 +0.5
IGRO iShares International Dividend Growth ETF 3.9 22 -6 9.5 +0.0

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

  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:
Columbia EM Core ex-China ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.4 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 16 bp
Equals: ALTAR Score 9.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 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.