KraneShares Hang Seng TECH Index ETF
ALTAR
Score™		 21.0% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 6.7x P/Sales
ratio		 0.9x
P/BV
ratio		 1.2x Div.
yield		 1.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
KTEC tracks a market-cap-weighted index of the 30 largest Chinese technology companies.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor CICC
Website kraneshares.com
Inception date Jun 09, 2021
Assets (mns) $53
Currency USD
Expense ratio 69 bp
Distributions Annually

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 31
Wgt avg mkt cap (mns) $121,926
Large cap (>$10bn) 89.9%
Mid cap ($2-10bn) 9.8%
Small cap (<$2bn) 0.3%
Developed mkts 27.5%
Emerging mkts 72.5%

TOP TEN HOLDINGS
MEITUAN DIANPING 9.5 %
BYD CO LTD-H 9.3 %
ALIBABA GROUP HOLDING LTD. 8.2 %
NETEASE, INC 8.1 %
XIAOMI CORP. CLASS B 8.0 %
TENCENT HOLDINGS LTD 8.0 %
JD.COM, INC. CLASS A 5.9 %
BAIDU, INC. CLASS A 4.7 %
KUAISHOU TECHNOLOGY CLASS B 4.1 %
TRIP.COM GROUP LTD. 3.2 %
Total 69.1 %

TOP COUNTRY EXPOSURE
CHINA 94.7 %
HONG KONG 3.1 %









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.
-13.2% -8.5% -- -- -10.7%

Market Correlations
versus... Beta R-squared
S&P500 1.30 30%
MSCI EAFE 1.01 29%
MSCI Emg. Mkts. 1.04 53%

Technical Indicators
Recent close $13.37
30d moving avg. $13.89
Annualized volatility 40.0%
Short interest (ETF) 1.0%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 90
Turnover 2.3%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $4,299

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 214 potential alternatives to the KraneShares Hang Seng TECH Index ETF ETF based on the alternatives' overlap in portfolio holdings with KTEC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: KTEC Expense: 69 bp ALTAR Score™: 21.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH KTEC
Ticker Fund
Name		 Overlap1
vs KTEC
(%)		 Expense
ratio
(bp)		 Savings
vs KTEC
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs KTEC
(%)
FXI iShares China Large-Cap ETF 44.0 74 -5 21.0 +0.0
CHIQ Global X MSCI China Consumer Discretionary ETF 43.0 65 4 13.7 -7.3
TCHI iShares MSCI China Multisector Tech ETF 38.3 59 10 13.4 -7.7
FDNI First Trust Dow Jones International Internet ETF 37.1 65 4 24.7 +3.7
CQQQ Invesco China Technology ETF 32.8 70 -1 15.2 -5.8
MCHI iShares MSCI China ETF 32.6 59 10 20.2 -0.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 30.8 86 -17 13.4 -7.7
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 30.7 60 9 9.2 -11.9
FLCH Franklin FTSE China ETF 30.4 19 50 18.0 -3.0
CXSE WisdomTree China ex-State-Owned Enterprises Fund 29.8 32 37 13.7 -7.3
CGRO CoreValues Alpha Greater China Growth ETF 28.7 75 -6 5.2 -15.8
GXC SPDR S & P China ETF 28.4 59 10 18.6 -2.4
BKF iShares MSCI BIC ETF 23.2 69 0 14.9 -6.2
JCHI JPMorgan Active China ETF 22.2 65 4 15.5 -5.6
MCH Matthews China Active ETF 19.2 79 -10 14.6 -6.4
EEMO Invesco S&P Emerging Markets Momentum ETF 19.1 29 40 6.6 -14.4
KGRN KraneShares MSCI China Clean Technology Index ETF 16.6 79 -10 3.4 -17.7
LDEM iShares ESG MSCI EM Leaders ETF 14.8 17 52 12.9 -8.2
AIA iShares Asia 50 ETF 14.3 50 19 7.7 -13.3
PXH Invesco FTSE RAFI Emerging Markets ETF 13.5 49 20 13.4 -7.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 13.4 20 49 7.4 -13.6
BNGE First Trust S-Network Streaming and Gaming ETF 12.7 70 -1 3.1 -17.9
EMC Global X Emerging Markets Great Consumer ETF 12.5 75 -6 7.1 -14.0
IVRS iShares Future Metaverse Tech and Communications ETF 12.3 47 22 5.2 -15.8
SOCL Global X Social Media ETF 12.1 65 4 12.5 -8.5
ERTH Invesco MSCI Sustainable Future ETF 11.5 62 7 3.0 -18.0
FDRV Fidelity Electric Vehicles and Future Transportation ETF 11.4 39 30 0.9 -20.1
IDRV iShares Self-driving EV & Tech ETF 10.9 47 22 1.3 -19.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 10.9 15 54 8.8 -12.2
OND ProShares On-Demand ETF 10.9 58 11 0.5 -20.5
GMF SPDR S&P Emerging Asia Pacific ETF 10.4 49 20 8.6 -12.4
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 10.3 72 -3 2.2 -18.8
FLAX Franklin FTSE Asia Ex Japan ETF 9.8 19 50 7.1 -13.9
DRGN Themes China Generative Artificial Intelligence ETF 9.7 39 30 9.4 -11.6
ESGE iShares ESG Aware MSCI EM ETF 9.6 25 44 8.3 -12.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 9.2 70 -1 6.9 -14.1
EEMA iShares MSCI Emerging Markets Asia ETF 9.2 49 20 7.5 -13.5
SCHE Schwab Emerging Markets Equity ETF 9.2 11 58 9.5 -11.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 9.0 32 37 7.4 -13.6
JHEM John Hancock Multifactor Emerging Markets ETF 8.9 49 20 7.5 -13.5
EMXF iShares ESG Advanced MSCI EM ETF 8.9 16 53 6.7 -14.3
BKEM BNY Mellon Emerging Markets Equity ETF 8.9 11 58 7.9 -13.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 8.8 15 54 8.0 -13.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 8.8 36 33 7.6 -13.4
VWO Vanguard FTSE Emerging Markets ETF 8.8 7 62 9.2 -11.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 8.8 66 3 7.2 -13.8
ARVR First Trust Indxx Metaverse ETF 8.5 70 -1 3.6 -17.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 8.4 30 39 8.0 -13.0
SPEM SPDR Portfolio Emerging Markets ETF 8.4 7 62 9.5 -11.5
MOTI VanEck Morningstar International Moat ETF 8.2 58 11 10.2 -10.8
NUEM Nuveen ESG Emerging Markets Equity ETF 8.2 36 33 6.1 -14.9
EEM iShares MSCI Emerging Markets ETF 8.2 69 0 7.8 -13.2
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 8.2 69 0 7.4 -13.6
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 8.0 75 -6 3.4 -17.6
FMET Fidelity Metaverse ETF 7.8 39 30 4.3 -16.7
JADE JPMorgan Active Developing Markets Equity ETF 7.7 65 4 6.1 -14.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 7.3 45 24 8.1 -12.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 7.3 33 36 6.7 -14.3
ESPO VanEck Video Gaming and eSports ETF 7.2 56 13 6.7 -14.3
FDEM Fidelity Emerging Markets Multifactor ETF 7.2 25 44 10.4 -10.6
IEMG iShares Core MSCI Emerging Markets ETF 7.2 9 60 8.2 -12.8
ECON Columbia Emerging Markets Consumer ETF 7.2 49 20 6.6 -14.4
MEM Matthews Emerging Markets Equity Active ETF 7.1 79 -10 8.5 -12.6
ODDS Pacer BlueStar Digital Entertainment ETF 7.0 60 9 4.7 -16.3
BATT Amplify Lithium & Battery Technology ETF 7.0 59 10 1.9 -19.2
IPKW Invesco International BuyBack Achievers ETF 6.8 55 14 8.2 -12.8
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 6.8 88 -19 8.4 -12.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 6.8 41 28 6.9 -14.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 6.8 39 30 13.7 -7.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 6.6 95 -26 10.0 -11.0
RXI iShares Global Consumer Discretionary ETF 6.6 41 28 8.2 -12.8
GGME Invesco Next Gen Media and Gaming ETF 6.5 60 9 4.4 -16.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 6.4 42 27 4.1 -17.0
MOTG VanEck Morningstar Global Wide Moat ETF 6.3 52 17 8.0 -13.0
IXP iShares Global Comm Services ETF 6.2 42 27 5.7 -15.3
DEHP Dimensional Emerging Markets High Profitability ETF 5.9 41 28 4.8 -16.2
EMGF iShares Emerging Markets Equity Factor ETF 5.9 25 44 8.8 -12.2
DFAE Dimensional Emerging Core Equity Market ETF 5.9 35 34 7.0 -14.0
EVLU iShares MSCI Emerging Markets Value Factor ETF 5.3 35 34 10.0 -11.0
SMOG VanEck Low Carbon Energy ETF 5.3 61 8 1.2 -19.8
DSTX Distillate International Fundamental Stability & Value ETF 5.2 55 14 6.7 -14.3
MINV Matthews Asia Innovators Active ETF 5.1 79 -10 5.1 -15.9
ISHP First Trust Nasdaq Retail ETF 4.7 60 9 5.5 -15.5
SDG iShares MSCI Global Sustainable Development Goals ETF 4.7 49 20 4.5 -16.6
PATN Pacer Nasdaq International Patent Leaders ETF 4.7 65 4 4.0 -17.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 4.6 38 31 7.0 -14.0
EMMF WisdomTree Emerging Markets Multifactor Fund 4.6 48 21 8.4 -12.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 4.5 45 24 9.7 -11.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 4.4 59 10 8.6 -12.5
ETEC iShares Breakthrough Environmental Solutions ETF 4.3 47 22 2.7 -18.3
ROAM Hartford Multifactor Emerging Markets ETF 4.3 44 25 7.5 -13.5
PCGG Polen Capital Global Growth ETF 4.1 85 -16 3.9 -17.1
OGIG ALPS O'Shares Global Internet Giants ETF 3.9 48 21 2.5 -18.6
JIVE JPMorgan International Value ETF 3.8 55 14 8.4 -12.6
ANEW ProShares MSCI Transformational Changes ETF 3.8 45 24 4.4 -16.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.8 70 -1 9.5 -11.5
GINN Goldman Sachs Innovate Equity ETF 3.8 52 17 3.7 -17.3
METV Roundhill Ball Metaverse ETF 3.8 59 10 8.1 -12.9
AVSE Avantis Responsible Emerging Markets Equity ETF 3.6 33 36 6.6 -14.4
BOTZ Global X Robotics & Artificial Intelligence ETF 3.3 69 0 1.8 -19.2
IBUY Amplify Online Retail ETF 3.2 65 4 2.3 -18.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 3.2 30 39 7.6 -13.4
BOTT Themes Robotics & Automation ETF 3.2 35 34 -4.1 -25.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.2 41 28 6.0 -15.0
LIT Global X Lithium & Battery Tech ETF 3.1 75 -6 5.0 -16.0
AVEM Avantis Emerging Markets Equity ETF 3.0 33 36 7.0 -14.0
MOTO SmartETFs Smart Transportation & Technology ETF 3.0 68 1 5.2 -15.8
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 3.0 40 29 6.3 -14.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 3.0 18 51 6.4 -14.6
DINT Davis Select International ETF 2.9 55 14 6.1 -14.9
ACWX iShares MSCI ACWI ex U.S. ETF 2.8 34 35 6.4 -14.6
NXTG First Trust Indxx NextG ETF 2.7 70 -1 3.4 -17.6
CLNR IQ Cleaner Transport ETF 2.7 45 24 3.9 -17.1
IPOS Renaissance International IPO ETF 2.7 80 -11 0.0 -21.0
VEU Vanguard FTSE All-World ex-US Index Fund 2.6 4 65 6.7 -14.3
CWI SPDR MSCI ACWI ex-US ETF 2.6 30 39 6.5 -14.5
RNEM First Trust Emerging Markets Equity Select ETF 2.6 75 -6 8.2 -12.8
FDHT Fidelity Digital Health ETF 2.5 39 30 1.7 -19.3
HTEC ROBO Global Healthcare Technology and Innovation ETF 2.5 68 1 2.5 -18.6
VXUS Vanguard Total International Stock ETF 2.4 5 64 6.7 -14.4
XT iShares Exponential Technologies ETF 2.4 46 23 3.8 -17.2
IXUS iShares Core MSCI Total International Stock ETF 2.4 7 62 6.6 -14.4
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.3 90 -21 3.7 -17.3
IBLC iShares Blockchain and Tech ETF 2.3 47 22 -1.2 -22.2
KOCG FIS Knights of Columbus Global Belief ETF 2.2 75 -6 4.4 -16.6
FID First Trust S&P International Dividend Aristocrats ETF 2.2 60 9 7.8 -13.2
WDIV SPDR S&P Global Dividend ETF 2.2 40 29 9.1 -11.9
DFEV Dimensional Emerging Markets Value ETF 2.1 43 26 9.4 -11.6
CHAT Roundhill Generative AI & Technology ETF 2.1 75 -6 3.9 -17.1
VSGX Vanguard ESG International Stock ETF 2.1 10 59 6.6 -14.4
AIQ Global X Artificial Intelligence & Technology ETF 2.1 68 1 2.7 -18.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.0 50 19 8.1 -12.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.9 60 9 6.6 -14.4
KLMT Invesco MSCI Global Climate 500 ETF 1.9 10 59 5.0 -16.1
DWLD Davis Select Worldwide ETF 1.8 63 6 6.7 -14.3
DRIV Global X Autonomous & Electric Vehicles ETF 1.8 68 1 2.9 -18.1
HUMN Roundhill Humanoid Robotics ETF 1.8 75 -6 1.1 -19.9
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.7 75 -6 1.7 -19.3
DTAN Sparkline International Intangible Value ETF 1.7 55 14 7.1 -13.9
BUYZ Franklin Disruptive Commerce ETF 1.7 50 19 2.5 -18.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.7 78 -9 9.7 -11.3
XDAT Franklin Exponential Data ETF 1.7 50 19 1.1 -19.9
FBOT Fidelity Disruptive Automation ETF 1.7 50 19 2.9 -18.1
PBD Invesco Global Clean Energy ETF 1.6 75 -6 0.2 -20.8
CARZ First Trust NASDAQ Global Auto Index Fund 1.5 70 -1 2.2 -18.8
CGXU Capital Group International Focus Equity ETF 1.5 54 15 3.8 -17.2
FDCF Fidelity Disruptive Communications ETF 1.5 50 19 1.9 -19.2
AVES Avantis Emerging Markets Value ETF 1.5 36 33 8.9 -12.1
AIVC Amplify Bloomberg AI Value Chain ETF 1.4 59 10 3.3 -17.7
BWEB Bitwise Web3 ETF 1.4 85 -16 -0.1 -21.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.4 30 39 6.4 -14.6
FCLD Fidelity Cloud Computing ETF 1.4 39 30 3.0 -18.0
FRGN Horizon International Equity ETF 1.4 75 -6 7.8 -13.2
UMMA Wahed Dow Jones Islamic World ETF 1.3 65 4 3.5 -17.5
WRND IQ Global Equity R&D Leaders ETF 1.3 18 51 4.0 -17.0
KNCT Invesco Next Gen Connectivity ETF 1.3 40 29 2.9 -18.1
JIG JPMorgan International Growth ETF 1.3 55 14 3.6 -17.4
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 1.3 80 -11 6.9 -14.1
FEOE First Eagle Overseas Equity ETF 1.3 79 -10 6.2 -14.8
FEM First Trust Emerging Markets AlphaDEX Fund 1.1 80 -11 9.0 -12.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.1 65 4 1.4 -19.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 1.1 12 57 4.4 -16.6
JSTC Adasina Social Justice All Cap Global ETF 1.0 89 -20 4.3 -16.7
ACWI iShares MSCI ACWI ETF 1.0 32 37 4.6 -16.4
ROBO ROBO Global Robotics & Automation Index ETF 1.0 95 -26 2.3 -18.7
GEW Cambria Global EW ETF 1.0 29 40 5.4 -15.6
TTAI FCF International Quality ETF 1.0 59 10 6.8 -14.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.9 20 49 4.7 -16.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.9 9 60 4.9 -16.1
EBIZ Global X E-Commerce ETF 0.9 50 19 4.9 -16.1
HEAL Global X HealthTech ETF 0.9 50 19 -1.5 -22.5
VT Vanguard Total World Stock ETF 0.9 6 63 5.0 -16.0
FEGE First Eagle Global Equity ETF 0.9 79 -10 6.1 -14.9
IOO iShares Global 100 ETF 0.8 41 28 3.8 -17.2
AWAY ETFMG Travel Tech ETF 0.8 76 -7 1.1 -19.9
NERD Roundhill Video Games ETF 0.8 50 19 8.1 -12.9
HERO Global X Video Games & Esports ETF 0.8 50 19 6.0 -15.0
CGIE Capital Group International Equity ETF 0.7 54 15 4.6 -16.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.7 47 22 7.2 -13.8
FCA First Trust China AlphaDEX Fund 0.7 80 -11 7.5 -13.5
IQDF FlexShares International Quality Dividend Index Fund 0.7 47 22 7.6 -13.4
GCOW Pacer Global Cash Cows Dividend ETF 0.6 60 9 9.4 -11.7
IGPT Invesco AI and Next Gen Software ETF 0.6 60 9 2.4 -18.6
IGRO iShares International Dividend Growth ETF 0.6 15 54 6.8 -14.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.5 65 4 7.3 -13.7
DGT State Street SPDR Global Dow ETF 0.5 50 19 5.7 -15.4
ACWV iShares MSCI Global Min Vol Factor ETF 0.5 20 49 5.7 -15.3
CGDG Capital Group Dividend Growers ETF 0.5 47 22 5.2 -15.8
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.5 80 -11 6.7 -14.3
JGLO JPMorgan Global Select Equity ETF 0.5 33 36 4.3 -16.7
VYMI Vanguard International High Dividend Yield ETF 0.4 17 52 8.1 -12.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.4 25 44 6.2 -14.9
FPXI First Trust International Equity Opportunities ETF 0.3 70 -1 3.7 -17.3
INTF iShares International Equity Factor ETF 0.3 15 54 6.5 -14.5
JETS U.S. Global Jets ETF 0.3 60 9 2.5 -18.5
AQLT iShares MSCI Global Quality Factor ETF 0.3 18 51 0.0 -21.0
IXN iShares Global Tech ETF 0.3 41 28 2.6 -18.4
GLOF iShares Global Equity Factor ETF 0.2 20 49 5.6 -15.5
JPIN J.P. Morgan Diversified Return International Equity ETF 0.2 37 32 7.2 -13.8
VPL Vanguard FTSE Pacific ETF 0.2 7 62 5.3 -15.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.2 58 11 3.4 -17.6
SCHF Schwab International Equity ETF 0.1 6 63 6.0 -15.0
VEA Vanguard FTSE Developed Markets ETF 0.1 3 66 6.0 -15.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 20 6.1 -14.9
CIL VictoryShares International Volatility Wtd ETF 0.1 45 24 5.8 -15.2
HFXI IQ FTSE International Equity Currency Neutral ETF 0.0 20 49 5.6 -15.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 30 6.8 -14.2
IQSI IQ Candriam International Equity ETF 0.0 15 54 5.6 -15.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.0 25 44 5.5 -15.5
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.0 42 27 7.6 -13.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 24 6.8 -14.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 45 6.9 -14.1
BKIE BNY Mellon International Equity ETF 0.0 4 65 6.0 -15.0
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 49 5.9 -15.1

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:		 KraneShares Hang Seng TECH Index 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 23.3 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 21.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.45 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.