Invesco China Technology ETF
ALTAR
Score™		 15.2% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 9.9x P/Sales
ratio		 2.1x
P/BV
ratio		 1.6x Div.
yield		 -0.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco China Technology ETF is an exchange-traded fund incorporated in the USA. The ETF tracks the performance of the AlphaShares China Technology Index. The ETF holds technology stocks of all cap sizes. Its investments are focused in communication and technology companies. The ETF weights the holdings using market capitalization methodology.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Guggenheim
Website guggenheiminvestments.com
Inception date Dec 08, 2009
Assets (mns) $2,399
Currency USD
Expense ratio 70 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 56
Wgt avg mkt cap (mns) $93,073
Large cap (>$10bn) 69.1%
Mid cap ($2-10bn) 30.4%
Small cap (<$2bn) 0.5%
Developed mkts 31.4%
Emerging mkts 68.6%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 9.5 %
PINDUODUO, INC. SPONSORED ADR CLAS 8.7 %
MEITUAN DIANPING 8.0 %
BAIDU, INC. CLASS A 7.6 %
KUAISHOU TECHNOLOGY CLASS B 6.4 %
HORIZON ROBOTICS 4.0 %
SENSETIME GROUP INC 3.6 %
BILIBILI, INC. CLASS Z 3.1 %
SUNNY OPTICAL TECH 2.9 %
HUA HONG SEMICONDUCTOR LTD. 2.8 %
Total 56.6 %

TOP COUNTRY EXPOSURE
CHINA 67.3 %
HONG KONG 0.5 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
1.5% 32.8% -7.6% 5.1% 5.7%

Market Correlations
versus... Beta R-squared
S&P500 1.46 33%
MSCI EAFE 1.16 34%
MSCI Emg. Mkts. 1.14 57%

Technical Indicators
Recent close $51.11
30d moving avg. $52.57
Annualized volatility 35.8%
Short interest (ETF) 4.9%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 1,592
Turnover 3.4%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $7,499

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 207 potential alternatives to the Invesco China Technology ETF ETF based on the alternatives' overlap in portfolio holdings with CQQQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CQQQ Expense: 70 bp ALTAR Score™: 15.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CQQQ
Ticker Fund
Name		 Overlap1
vs CQQQ
(%)		 Expense
ratio
(bp)		 Savings
vs CQQQ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs CQQQ
(%)
KTEC KraneShares Hang Seng TECH Index ETF 32.8 69 1 21.0 +5.8
TCHI iShares MSCI China Multisector Tech ETF 27.0 59 11 13.4 -1.9
FDNI First Trust Dow Jones International Internet ETF 23.2 65 5 24.7 +9.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 21.8 86 -16 13.4 -1.9
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 20.2 60 10 9.2 -6.1
CGRO CoreValues Alpha Greater China Growth ETF 17.9 75 -5 5.2 -10.0
FLCH Franklin FTSE China ETF 17.9 19 51 18.0 +2.8
MCHI iShares MSCI China ETF 17.7 59 11 20.2 +5.0
GXC SPDR S & P China ETF 16.6 59 11 18.6 +3.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 16.5 32 38 13.7 -1.5
SOCL Global X Social Media ETF 16.4 65 5 12.5 -2.7
FXI iShares China Large-Cap ETF 16.2 74 -4 21.0 +5.8
CHIQ Global X MSCI China Consumer Discretionary ETF 16.1 65 5 13.7 -1.5
MCH Matthews China Active ETF 14.5 79 -9 14.6 -0.6
BKF iShares MSCI BIC ETF 12.5 69 1 14.9 -0.4
EEMO Invesco S&P Emerging Markets Momentum ETF 10.3 29 41 6.6 -8.6
JCHI JPMorgan Active China ETF 9.5 65 5 15.5 +0.3
DRGN Themes China Generative Artificial Intelligence ETF 8.4 39 31 9.4 -5.8
ESPO VanEck Video Gaming and eSports ETF 8.1 56 14 6.7 -8.5
BNGE First Trust S-Network Streaming and Gaming ETF 8.1 70 0 3.1 -12.1
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 8.0 75 -5 3.4 -11.8
OND ProShares On-Demand ETF 7.7 58 12 0.5 -14.7
IVRS iShares Future Metaverse Tech and Communications ETF 7.4 47 23 5.2 -10.0
ODDS Pacer BlueStar Digital Entertainment ETF 7.3 60 10 4.7 -10.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 7.3 20 50 7.4 -7.8
FMET Fidelity Metaverse ETF 7.0 39 31 4.3 -10.9
AIA iShares Asia 50 ETF 6.8 50 20 7.7 -7.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 6.7 15 55 8.8 -6.4
OGIG ALPS O'Shares Global Internet Giants ETF 5.9 48 22 2.5 -12.8
GMF SPDR S&P Emerging Asia Pacific ETF 5.8 49 21 8.6 -6.6
EMXF iShares ESG Advanced MSCI EM ETF 5.7 16 54 6.7 -8.5
LDEM iShares ESG MSCI EM Leaders ETF 5.7 17 53 12.9 -2.4
PXH Invesco FTSE RAFI Emerging Markets ETF 5.7 49 21 13.4 -1.8
EMC Global X Emerging Markets Great Consumer ETF 5.6 75 -5 7.1 -8.2
FLAX Franklin FTSE Asia Ex Japan ETF 5.6 19 51 7.1 -8.1
SCHE Schwab Emerging Markets Equity ETF 5.1 11 59 9.5 -5.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.1 42 28 4.1 -11.2
IXP iShares Global Comm Services ETF 5.1 42 28 5.7 -9.5
DEHP Dimensional Emerging Markets High Profitability ETF 5.0 41 29 4.8 -10.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 5.0 32 38 7.4 -7.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 5.0 15 55 8.0 -7.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 5.0 70 0 6.9 -8.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 5.0 66 4 7.2 -8.0
BKEM BNY Mellon Emerging Markets Equity ETF 5.0 11 59 7.9 -7.3
VWO Vanguard FTSE Emerging Markets ETF 4.9 7 63 9.2 -6.0
JHEM John Hancock Multifactor Emerging Markets ETF 4.9 49 21 7.5 -7.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 4.9 36 34 7.6 -7.6
SPEM SPDR Portfolio Emerging Markets ETF 4.8 7 63 9.5 -5.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 4.6 30 40 8.0 -7.2
EEMA iShares MSCI Emerging Markets Asia ETF 4.6 49 21 7.5 -7.7
FDEM Fidelity Emerging Markets Multifactor ETF 4.6 25 45 10.4 -4.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 4.6 45 25 8.1 -7.1
NUEM Nuveen ESG Emerging Markets Equity ETF 4.6 36 34 6.1 -9.1
ECON Columbia Emerging Markets Consumer ETF 4.5 49 21 6.6 -8.6
EEM iShares MSCI Emerging Markets ETF 4.4 69 1 7.8 -7.4
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 4.4 69 1 7.4 -7.8
JADE JPMorgan Active Developing Markets Equity ETF 4.3 65 5 6.1 -9.1
PCGG Polen Capital Global Growth ETF 4.1 85 -15 3.9 -11.3
ESGE iShares ESG Aware MSCI EM ETF 4.1 25 45 8.3 -7.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 4.1 33 37 6.7 -8.5
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 4.1 88 -18 8.4 -6.8
IEMG iShares Core MSCI Emerging Markets ETF 4.0 9 61 8.2 -7.0
EMGF iShares Emerging Markets Equity Factor ETF 3.9 25 45 8.8 -6.4
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 3.8 65 5 6.1 -9.1
EBIZ Global X E-Commerce ETF 3.8 50 20 4.9 -10.3
MEM Matthews Emerging Markets Equity Active ETF 3.7 79 -9 8.5 -6.8
ISHP First Trust Nasdaq Retail ETF 3.7 60 10 5.5 -9.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 3.7 41 29 6.9 -8.3
MOTG VanEck Morningstar Global Wide Moat ETF 3.6 52 18 8.0 -7.2
FDCF Fidelity Disruptive Communications ETF 3.6 50 20 1.9 -13.4
DFAE Dimensional Emerging Core Equity Market ETF 3.5 35 35 7.0 -8.2
ARVR First Trust Indxx Metaverse ETF 3.5 70 0 3.6 -11.6
AVSE Avantis Responsible Emerging Markets Equity ETF 3.4 33 37 6.6 -8.6
AVEM Avantis Emerging Markets Equity ETF 3.4 33 37 7.0 -8.2
MINV Matthews Asia Innovators Active ETF 3.3 79 -9 5.1 -10.1
MOTI VanEck Morningstar International Moat ETF 3.3 58 12 10.2 -5.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 3.3 40 30 6.3 -8.9
KSTR KraneShares SSE STAR Market 50 Index ETF 3.3 89 -19 0.7 -14.5
EMMF WisdomTree Emerging Markets Multifactor Fund 3.2 48 22 8.4 -6.8
PATN Pacer Nasdaq International Patent Leaders ETF 3.2 65 5 4.0 -11.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 3.2 95 -25 10.0 -5.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 3.1 38 32 7.0 -8.2
DINT Davis Select International ETF 2.9 55 15 6.1 -9.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.9 59 11 8.6 -6.7
IPKW Invesco International BuyBack Achievers ETF 2.8 55 15 8.2 -7.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 2.7 39 31 13.7 -1.5
ONLN ProShares Online Retail ETF 2.6 58 12 1.4 -13.9
RNEM First Trust Emerging Markets Equity Select ETF 2.6 75 -5 8.2 -7.0
TTAI FCF International Quality ETF 2.6 59 11 6.8 -8.4
CNYA iShares MSCI China A ETF 2.5 60 10 6.3 -8.9
ECNS iShares MSCI China Small-Cap ETF 2.4 59 11 9.2 -6.0
METV Roundhill Ball Metaverse ETF 2.4 59 11 8.1 -7.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.3 30 40 7.6 -7.6
IBLC iShares Blockchain and Tech ETF 2.3 47 23 -1.2 -16.4
CDIG City Different Investments Global Equity ETF 2.2 75 -5 -1.6 -16.8
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 2.1 55 15 6.3 -8.9
CHAT Roundhill Generative AI & Technology ETF 2.1 75 -5 3.9 -11.3
ANEW ProShares MSCI Transformational Changes ETF 2.1 45 25 4.4 -10.8
AIQ Global X Artificial Intelligence & Technology ETF 2.1 68 2 2.7 -12.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.9 60 10 6.6 -8.6
DWLD Davis Select Worldwide ETF 1.8 63 7 6.7 -8.5
ROAM Hartford Multifactor Emerging Markets ETF 1.8 44 26 7.5 -7.7
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.8 35 35 10.0 -5.2
GINN Goldman Sachs Innovate Equity ETF 1.8 52 18 3.7 -11.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.7 41 29 6.0 -9.2
XDAT Franklin Exponential Data ETF 1.7 50 20 1.1 -14.1
KGRN KraneShares MSCI China Clean Technology Index ETF 1.7 79 -9 3.4 -11.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.6 18 52 6.4 -8.8
HERO Global X Video Games & Esports ETF 1.6 50 20 6.0 -9.2
NERD Roundhill Video Games ETF 1.6 50 20 8.1 -7.1
ABLG Abacus FCF International Leaders ETF 1.6 59 11 6.4 -8.8
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.6 45 25 9.7 -5.5
FCLD Fidelity Cloud Computing ETF 1.6 39 31 3.0 -12.2
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 1.6 65 5 4.4 -10.8
CGXU Capital Group International Focus Equity ETF 1.5 54 16 3.8 -11.4
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.5 58 12 3.1 -12.1
ACWX iShares MSCI ACWI ex U.S. ETF 1.5 34 36 6.4 -8.8
BUYZ Franklin Disruptive Commerce ETF 1.5 50 20 2.5 -12.7
VEU Vanguard FTSE All-World ex-US Index Fund 1.5 4 66 6.7 -8.5
CWI SPDR MSCI ACWI ex-US ETF 1.4 30 40 6.5 -8.7
AOTS AOT Software Platform ETF 1.4 49 21 4.6 -10.6
BWEB Bitwise Web3 ETF 1.4 85 -15 -0.1 -15.3
DSTX Distillate International Fundamental Stability & Value ETF 1.4 55 15 6.7 -8.5
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 1.4 57 13 2.3 -12.9
IXUS iShares Core MSCI Total International Stock ETF 1.3 7 63 6.6 -8.6
VXUS Vanguard Total International Stock ETF 1.3 5 65 6.7 -8.6
JIG JPMorgan International Growth ETF 1.3 55 15 3.6 -11.6
KOCG FIS Knights of Columbus Global Belief ETF 1.2 75 -5 4.4 -10.8
IBUY Amplify Online Retail ETF 1.2 65 5 2.3 -12.9
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.1 20 50 4.0 -11.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 1.1 25 45 6.2 -9.1
AIS VistaShares Artificial Intelligence Supercycle ETF 1.1 75 -5 0.9 -14.3
AVEE Avantis Emerging Markets Small Cap Equity ETF 1.1 42 28 7.6 -7.6
FDTX Fidelity Disruptive Technology ETF 1.0 50 20 1.5 -13.7
UMMA Wahed Dow Jones Islamic World ETF 1.0 65 5 3.5 -11.7
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.0 61 9 1.5 -13.7
KLMT Invesco MSCI Global Climate 500 ETF 1.0 10 60 5.0 -10.3
ERTH Invesco MSCI Sustainable Future ETF 1.0 62 8 3.0 -12.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.9 35 35 3.4 -11.8
SDG iShares MSCI Global Sustainable Development Goals ETF 0.9 49 21 4.5 -10.8
IGPT Invesco AI and Next Gen Software ETF 0.8 60 10 2.4 -12.8
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.8 61 9 -0.7 -15.9
IOO iShares Global 100 ETF 0.8 41 29 3.8 -11.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.8 30 40 6.4 -8.8
RXI iShares Global Consumer Discretionary ETF 0.8 41 29 8.2 -7.0
AVES Avantis Emerging Markets Value ETF 0.8 36 34 8.9 -6.3
FRGN Horizon International Equity ETF 0.7 75 -5 7.8 -7.4
TIIV AAM Todd International Intrinsic Value ETF 0.7 54 16 9.7 -5.5
CGIE Capital Group International Equity ETF 0.7 54 16 4.6 -10.6
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.7 70 0 6.5 -8.7
FEM First Trust Emerging Markets AlphaDEX Fund 0.7 80 -10 9.0 -6.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.7 12 58 4.4 -10.8
DVYE iShares Emerging Markets Dividend ETF 0.7 49 21 17.9 +2.7
PGJ Invesco Golden Dragon China ETF 0.7 70 0 15.2 +0.0
IQDF FlexShares International Quality Dividend Index Fund 0.7 47 23 7.6 -7.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.6 90 -20 3.7 -11.5
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.6 70 0 9.5 -5.7
VSGX Vanguard ESG International Stock ETF 0.6 10 60 6.6 -8.6
JIVE JPMorgan International Value ETF 0.6 55 15 8.4 -6.8
XT iShares Exponential Technologies ETF 0.6 46 24 3.8 -11.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.6 50 20 8.1 -7.1
ACWI iShares MSCI ACWI ETF 0.5 32 38 4.6 -10.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 61 4.9 -10.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 50 4.7 -10.5
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.5 65 5 7.3 -7.9
APIE ActivePassive International Equity ETF 0.5 45 25 6.4 -8.8
CNXT VanEck ChiNext ETF 0.5 65 5 2.5 -12.7
VT Vanguard Total World Stock ETF 0.5 6 64 5.0 -10.2
QQQS Invesco NASDAQ Future Gen 200 ETF 0.5 20 50 -3.6 -18.8
QQQ Invesco QQQ Trust Series I 0.5 20 50 3.2 -12.1
QQQM Invesco NASDAQ 100 ETF 0.5 15 55 3.2 -12.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.5 80 -10 6.7 -8.5
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.5 80 -10 6.9 -8.3
AWAY ETFMG Travel Tech ETF 0.5 76 -6 1.1 -14.1
FCA First Trust China AlphaDEX Fund 0.5 80 -10 7.5 -7.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.5 47 23 7.2 -8.0
JGLO JPMorgan Global Select Equity ETF 0.5 33 37 4.3 -10.9
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.4 80 -10 12.2 -3.0
GEW Cambria Global EW ETF 0.4 29 41 5.4 -9.8
DGT State Street SPDR Global Dow ETF 0.4 50 20 5.7 -9.6
GLOF iShares Global Equity Factor ETF 0.3 20 50 5.6 -9.7
ACWV iShares MSCI Global Min Vol Factor ETF 0.3 20 50 5.7 -9.5
GGME Invesco Next Gen Media and Gaming ETF 0.3 60 10 4.4 -10.8
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 31 6.8 -8.4
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.3 65 5 1.4 -13.8
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 50 3.1 -12.1
TRFM AAM Transformers ETF 0.3 49 21 1.0 -14.2
DFEV Dimensional Emerging Markets Value ETF 0.3 43 27 9.4 -5.8
AQLT iShares MSCI Global Quality Factor ETF 0.2 18 52 0.0 -15.2
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.2 49 21 7.3 -7.9
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.2 20 50 0.8 -14.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 49 2.9 -12.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 31 6.2 -9.0
ETEC iShares Breakthrough Environmental Solutions ETF 0.1 47 23 2.7 -12.5
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.1 50 20 4.6 -10.6
THRO iShares U.S. Thematic Rotation Active ETF 0.1 90 -20 3.1 -12.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 21 6.1 -9.1
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -19 4.3 -10.9
ICLN iShares Global Clean Energy ETF 0.1 41 29 1.7 -13.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 12 8.4 -6.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.1 44 26 9.5 -5.7
PNQI Invesco NASDAQ Internet ETF 0.0 60 10 3.8 -11.4
WRND IQ Global Equity R&D Leaders ETF 0.0 18 52 4.0 -11.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 5 6.5 -8.7
VYMI Vanguard International High Dividend Yield ETF 0.0 17 53 8.1 -7.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 25 6.8 -8.4
WSGE Warren Street Global Equity ETF 0.0 80 -10 2.9 -12.4

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
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
  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:		 Invesco China Technology 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 23.5 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 15.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.48 CATEGORY
AVERAGE		 1.53
 
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.