KraneShares CSI China Internet ETF
ALTAR
Score™		 25.0% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 6.1x P/Sales
ratio		 1.2x
P/BV
ratio		 1.2x Div.
yield		 0.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The KraneShares CSI China Internet ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the CSI Overseas China Internet Index. The index is designed to measure the performance of publicly traded China-based companies whose primary business or businesses are in the Internet and Internet-related sectors.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Krane Fund Advisors LLC
Website www.kraneshares.com
Inception date Jul 31, 2013
Assets (mns) $6,147
Currency USD
Expense ratio 69 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 32
Wgt avg mkt cap (mns) $134,739
Large cap (>$10bn) 73.4%
Mid cap ($2-10bn) 25.4%
Small cap (<$2bn) 1.2%
Developed mkts 20.0%
Emerging mkts 80.0%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 9.6 %
ALIBABA GROUP HOLDING LTD. 9.3 %
PINDUODUO, INC. SPONSORED ADR CLAS 8.6 %
MEITUAN DIANPING 7.3 %
NETEASE, INC 6.1 %
KE HOLDINGS, INC. CLASS A 5.1 %
JD.COM, INC. CLASS A 5.0 %
BAIDU, INC. CLASS A 4.7 %
TRIP.COM GROUP LTD. 3.9 %
JD HEALTH INTERNATIONAL, INC. 3.8 %
Total 63.5 %

TOP COUNTRY EXPOSURE
CHINA 93.0 %
HONG KONG 2.6 %









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.
-21.5% -13.4% -14.6% -0.4% 2.1%

Market Correlations
versus... Beta R-squared
S&P500 1.27 31%
MSCI EAFE 0.97 29%
MSCI Emg. Mkts. 0.96 50%

Technical Indicators
Recent close $26.38
30d moving avg. $28.22
Annualized volatility 42.9%
Short interest (ETF) 17.7%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 32,546
Turnover 14.0%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $3,254

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: KWEB Expense: 69 bp ALTAR Score™: 25.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH KWEB
Ticker Fund
Name		 Overlap1
vs KWEB
(%)		 Expense
ratio
(bp)		 Savings
vs KWEB
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs KWEB
(%)
FDNI First Trust Dow Jones International Internet ETF 43.3 65 4 24.7 -0.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 40.3 86 -17 13.4 -11.6
CQQQ Invesco China Technology ETF 39.9 70 -1 15.2 -9.8
CHIQ Global X MSCI China Consumer Discretionary ETF 37.2 65 4 13.7 -11.3
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 34.4 60 9 9.2 -15.8
FXI iShares China Large-Cap ETF 34.1 74 -5 21.0 -3.9
MCHI iShares MSCI China ETF 31.0 59 10 20.2 -4.7
FLCH Franklin FTSE China ETF 30.4 19 50 18.0 -7.0
TCHI iShares MSCI China Multisector Tech ETF 29.2 59 10 13.4 -11.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 27.8 32 37 13.7 -11.2
GXC SPDR S & P China ETF 26.9 59 10 18.6 -6.3
MCH Matthews China Active ETF 24.9 79 -10 14.6 -10.4
JCHI JPMorgan Active China ETF 21.5 65 4 15.5 -9.5
BKF iShares MSCI BIC ETF 20.6 69 0 14.9 -10.1
CGRO CoreValues Alpha Greater China Growth ETF 20.4 75 -6 5.2 -19.8
SOCL Global X Social Media ETF 15.6 65 4 12.5 -12.4
BNGE First Trust S-Network Streaming and Gaming ETF 13.5 70 -1 3.1 -21.9
LDEM iShares ESG MSCI EM Leaders ETF 12.7 17 52 12.9 -12.1
PXH Invesco FTSE RAFI Emerging Markets ETF 12.6 49 20 13.4 -11.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 12.4 20 49 7.4 -17.6
AIA iShares Asia 50 ETF 12.3 50 19 7.7 -17.3
PGJ Invesco Golden Dragon China ETF 12.2 70 -1 15.2 -9.8
OND ProShares On-Demand ETF 12.2 58 11 0.5 -24.5
IVRS iShares Future Metaverse Tech and Communications ETF 11.9 47 22 5.2 -19.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 10.6 15 54 8.8 -16.1
EEMO Invesco S&P Emerging Markets Momentum ETF 10.3 29 40 6.6 -18.4
EMC Global X Emerging Markets Great Consumer ETF 9.8 75 -6 7.1 -17.9
ESPO VanEck Video Gaming and eSports ETF 9.7 56 13 6.7 -18.2
GMF SPDR S&P Emerging Asia Pacific ETF 9.4 49 20 8.6 -16.4
FLAX Franklin FTSE Asia Ex Japan ETF 8.9 19 50 7.1 -17.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 8.6 32 37 7.4 -17.6
SCHE Schwab Emerging Markets Equity ETF 8.5 11 58 9.5 -15.5
JHEM John Hancock Multifactor Emerging Markets ETF 8.4 49 20 7.5 -17.5
MOTI VanEck Morningstar International Moat ETF 8.2 58 11 10.2 -14.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 8.2 70 -1 6.9 -18.1
EBIZ Global X E-Commerce ETF 8.2 50 19 4.9 -20.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 8.1 36 33 7.6 -17.4
BKEM BNY Mellon Emerging Markets Equity ETF 8.1 11 58 7.9 -17.1
VWO Vanguard FTSE Emerging Markets ETF 8.1 7 62 9.2 -15.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 8.1 15 54 8.0 -17.0
ODDS Pacer BlueStar Digital Entertainment ETF 8.0 60 9 4.7 -20.3
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 8.0 75 -6 3.4 -21.6
EEMA iShares MSCI Emerging Markets Asia ETF 8.0 49 20 7.5 -17.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 7.9 66 3 7.2 -17.8
EMXF iShares ESG Advanced MSCI EM ETF 7.8 16 53 6.7 -18.2
SPEM SPDR Portfolio Emerging Markets ETF 7.6 7 62 9.5 -15.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 7.5 30 39 8.0 -17.0
EEM iShares MSCI Emerging Markets ETF 7.3 69 0 7.8 -17.2
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 7.3 69 0 7.4 -17.6
ESGE iShares ESG Aware MSCI EM ETF 7.3 25 44 8.3 -16.7
NUEM Nuveen ESG Emerging Markets Equity ETF 7.1 36 33 6.1 -18.9
FMET Fidelity Metaverse ETF 7.1 39 30 4.3 -20.7
MEM Matthews Emerging Markets Equity Active ETF 7.1 79 -10 8.5 -16.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 7.1 45 24 8.1 -16.9
ISHP First Trust Nasdaq Retail ETF 7.0 60 9 5.5 -19.5
JADE JPMorgan Active Developing Markets Equity ETF 6.9 65 4 6.1 -18.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 6.9 33 36 6.7 -18.2
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 6.7 88 -19 8.4 -16.6
EMGF iShares Emerging Markets Equity Factor ETF 6.6 25 44 8.8 -16.1
OGIG ALPS O'Shares Global Internet Giants ETF 6.5 48 21 2.5 -22.5
IEMG iShares Core MSCI Emerging Markets ETF 6.5 9 60 8.2 -16.8
ECNS iShares MSCI China Small-Cap ETF 6.4 59 10 9.2 -15.8
ECON Columbia Emerging Markets Consumer ETF 6.4 49 20 6.6 -18.4
MOTG VanEck Morningstar Global Wide Moat ETF 6.3 52 17 8.0 -17.0
IXP iShares Global Comm Services ETF 6.2 42 27 5.7 -19.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 6.1 39 30 13.7 -11.3
RXI iShares Global Consumer Discretionary ETF 5.9 41 28 8.2 -16.8
FDEM Fidelity Emerging Markets Multifactor ETF 5.7 25 44 10.4 -14.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 5.5 41 28 6.9 -18.1
DEHP Dimensional Emerging Markets High Profitability ETF 5.5 41 28 4.8 -20.2
IPKW Invesco International BuyBack Achievers ETF 5.3 55 14 8.2 -16.8
DFAE Dimensional Emerging Core Equity Market ETF 5.2 35 34 7.0 -18.0
EMMF WisdomTree Emerging Markets Multifactor Fund 5.1 48 21 8.4 -16.6
MINV Matthews Asia Innovators Active ETF 5.1 79 -10 5.1 -19.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 5.1 95 -26 10.0 -15.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.0 42 27 4.1 -20.9
DRGN Themes China Generative Artificial Intelligence ETF 5.0 39 30 9.4 -15.6
ARVR First Trust Indxx Metaverse ETF 5.0 70 -1 3.6 -21.3
FDHT Fidelity Digital Health ETF 4.7 39 30 1.7 -23.3
IBUY Amplify Online Retail ETF 4.5 65 4 2.3 -22.7
DSTX Distillate International Fundamental Stability & Value ETF 4.5 55 14 6.7 -18.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 4.2 59 10 8.6 -16.4
AVSE Avantis Responsible Emerging Markets Equity ETF 4.2 33 36 6.6 -18.3
PCGG Polen Capital Global Growth ETF 4.1 85 -16 3.9 -21.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 4.0 38 31 7.0 -18.0
ANEW ProShares MSCI Transformational Changes ETF 3.8 45 24 4.4 -20.6
METV Roundhill Ball Metaverse ETF 3.8 59 10 8.1 -16.9
AVEM Avantis Emerging Markets Equity ETF 3.7 33 36 7.0 -17.9
FDCF Fidelity Disruptive Communications ETF 3.6 50 19 1.9 -23.1
JIVE JPMorgan International Value ETF 3.5 55 14 8.4 -16.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 3.5 30 39 7.6 -17.3
GINN Goldman Sachs Innovate Equity ETF 3.4 52 17 3.7 -21.3
GGME Invesco Next Gen Media and Gaming ETF 3.4 60 9 4.4 -20.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 3.3 40 29 6.3 -18.7
HERO Global X Video Games & Esports ETF 3.2 50 19 6.0 -18.9
PATN Pacer Nasdaq International Patent Leaders ETF 3.2 65 4 4.0 -20.9
NERD Roundhill Video Games ETF 3.0 50 19 8.1 -16.8
DINT Davis Select International ETF 2.9 55 14 6.1 -18.9
TTAI FCF International Quality ETF 2.9 59 10 6.8 -18.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.9 41 28 6.0 -19.0
EVLU iShares MSCI Emerging Markets Value Factor ETF 2.8 35 34 10.0 -14.9
ROAM Hartford Multifactor Emerging Markets ETF 2.8 44 25 7.5 -17.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.7 18 51 6.4 -18.6
ONLN ProShares Online Retail ETF 2.6 58 11 1.4 -23.6
HTEC ROBO Global Healthcare Technology and Innovation ETF 2.6 68 1 2.5 -22.5
RNEM First Trust Emerging Markets Equity Select ETF 2.6 75 -6 8.2 -16.8
ACWX iShares MSCI ACWI ex U.S. ETF 2.5 34 35 6.4 -18.6
CWI SPDR MSCI ACWI ex-US ETF 2.4 30 39 6.5 -18.5
VEU Vanguard FTSE All-World ex-US Index Fund 2.4 4 65 6.7 -18.2
BUYZ Franklin Disruptive Commerce ETF 2.3 50 19 2.5 -22.5
IBLC iShares Blockchain and Tech ETF 2.3 47 22 -1.2 -26.2
VXUS Vanguard Total International Stock ETF 2.2 5 64 6.7 -18.3
CDIG City Different Investments Global Equity ETF 2.2 75 -6 -1.6 -26.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 2.2 45 24 9.7 -15.3
IXUS iShares Core MSCI Total International Stock ETF 2.2 7 62 6.6 -18.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.1 70 -1 9.5 -15.5
CHAT Roundhill Generative AI & Technology ETF 2.1 75 -6 3.9 -21.0
HEAL Global X HealthTech ETF 2.1 50 19 -1.5 -26.5
AIQ Global X Artificial Intelligence & Technology ETF 2.1 68 1 2.7 -22.3
AOTS AOT Software Platform ETF 2.0 49 20 4.6 -20.4
TIIV AAM Todd International Intrinsic Value ETF 2.0 54 15 9.7 -15.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.9 60 9 6.6 -18.4
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.9 90 -21 3.7 -21.3
AWAY ETFMG Travel Tech ETF 1.9 76 -7 1.1 -23.9
DWLD Davis Select Worldwide ETF 1.8 63 6 6.7 -18.3
DFEV Dimensional Emerging Markets Value ETF 1.8 43 26 9.4 -15.6
AVES Avantis Emerging Markets Value ETF 1.8 36 33 8.9 -16.0
VSGX Vanguard ESG International Stock ETF 1.8 10 59 6.6 -18.4
KLMT Invesco MSCI Global Climate 500 ETF 1.7 10 59 5.0 -20.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 1.7 75 -6 1.7 -23.2
XDAT Franklin Exponential Data ETF 1.7 50 19 1.1 -23.8
ABLG Abacus FCF International Leaders ETF 1.6 59 10 6.4 -18.5
CGXU Capital Group International Focus Equity ETF 1.5 54 15 3.8 -21.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.5 58 11 3.1 -21.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.5 50 19 8.1 -16.9
AIVC Amplify Bloomberg AI Value Chain ETF 1.4 59 10 3.3 -21.7
BWEB Bitwise Web3 ETF 1.4 85 -16 -0.1 -25.1
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 1.4 57 12 2.3 -22.6
DVYE iShares Emerging Markets Dividend ETF 1.4 49 20 17.9 -7.1
JIG JPMorgan International Growth ETF 1.3 55 14 3.6 -21.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 1.3 80 -11 6.9 -18.1
FRGN Horizon International Equity ETF 1.3 75 -6 7.8 -17.2
FEOE First Eagle Overseas Equity ETF 1.3 79 -10 6.2 -18.8
KOCG FIS Knights of Columbus Global Belief ETF 1.2 75 -6 4.4 -20.5
AVEE Avantis Emerging Markets Small Cap Equity ETF 1.2 42 27 7.6 -17.4
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.1 20 49 4.0 -21.0
WRND IQ Global Equity R&D Leaders ETF 1.1 18 51 4.0 -21.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.1 30 39 6.4 -18.6
FDTX Fidelity Disruptive Technology ETF 1.0 50 19 1.5 -23.5
UMMA Wahed Dow Jones Islamic World ETF 1.0 65 4 3.5 -21.5
BPAY BlackRock Future Financial and Technology ETF 1.0 70 -1 5.8 -19.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.9 35 34 3.4 -21.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.9 20 49 4.7 -20.3
ACWI iShares MSCI ACWI ETF 0.9 32 37 4.6 -20.3
FEGE First Eagle Global Equity ETF 0.9 79 -10 6.1 -18.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.9 9 60 4.9 -20.1
APIE ActivePassive International Equity ETF 0.8 45 24 6.4 -18.5
JSTC Adasina Social Justice All Cap Global ETF 0.8 89 -20 4.3 -20.6
VT Vanguard Total World Stock ETF 0.8 6 63 5.0 -20.0
IOO iShares Global 100 ETF 0.8 41 28 3.8 -21.2
XT iShares Exponential Technologies ETF 0.8 46 23 3.8 -21.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.7 12 57 4.4 -20.5
GEW Cambria Global EW ETF 0.7 29 40 5.4 -19.6
CGIE Capital Group International Equity ETF 0.7 54 15 4.6 -20.4
FCA First Trust China AlphaDEX Fund 0.7 80 -11 7.5 -17.5
IQDF FlexShares International Quality Dividend Index Fund 0.7 47 22 7.6 -17.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 70 -1 6.5 -18.5
SDG iShares MSCI Global Sustainable Development Goals ETF 0.6 49 20 4.5 -20.5
IGPT Invesco AI and Next Gen Software ETF 0.6 60 9 2.4 -22.6
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.5 65 4 7.3 -17.7
DGT State Street SPDR Global Dow ETF 0.5 50 19 5.7 -19.3
CGDG Capital Group Dividend Growers ETF 0.5 47 22 5.2 -19.8
QQQS Invesco NASDAQ Future Gen 200 ETF 0.5 20 49 -3.6 -28.6
QQQ Invesco QQQ Trust Series I 0.5 20 49 3.2 -21.8
QQQM Invesco NASDAQ 100 ETF 0.5 15 54 3.2 -21.8
IGRO iShares International Dividend Growth ETF 0.5 15 54 6.8 -18.2
GLOF iShares Global Equity Factor ETF 0.5 20 49 5.6 -19.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.5 80 -11 6.7 -18.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.5 47 22 7.2 -17.7
JGLO JPMorgan Global Select Equity ETF 0.5 33 36 4.3 -20.7
AQLT iShares MSCI Global Quality Factor ETF 0.4 18 51 0.0 -25.0
FEM First Trust Emerging Markets AlphaDEX Fund 0.4 80 -11 9.0 -16.0
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.4 20 49 0.8 -24.2
JETS U.S. Global Jets ETF 0.3 60 9 2.5 -22.4
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.3 65 4 1.4 -23.6
QQMG Invesco ESG NASDAQ 100 ETF 0.3 20 49 3.1 -21.9
ACWV iShares MSCI Global Min Vol Factor ETF 0.3 20 49 5.7 -19.2
TRFM AAM Transformers ETF 0.3 49 20 1.0 -24.0
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.2 50 19 4.6 -20.4
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.2 49 20 7.3 -17.7
PNQI Invesco NASDAQ Internet ETF 0.2 60 9 3.8 -21.1
VYMI Vanguard International High Dividend Yield ETF 0.2 17 52 8.1 -16.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.2 25 44 6.2 -18.8
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 48 2.9 -22.1
CVY Invesco Zacks Multi-Asset Income ETF 0.2 106 -37 10.0 -14.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 30 6.8 -18.1
INTF iShares International Equity Factor ETF 0.1 15 54 6.5 -18.5
THRO iShares U.S. Thematic Rotation Active ETF 0.1 90 -21 3.1 -21.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 20 6.1 -18.9
CIL VictoryShares International Volatility Wtd ETF 0.1 45 24 5.8 -19.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 61 6.3 -18.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 30 6.2 -18.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 24 6.8 -18.2
IQSI IQ Candriam International Equity ETF 0.0 15 54 5.6 -19.4
WSGE Warren Street Global Equity ETF 0.0 80 -11 2.9 -22.1
BKIE BNY Mellon International Equity ETF 0.0 4 65 6.0 -18.9
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 49 5.9 -19.1

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 CSI China Internet 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 27.7 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 25.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.46 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.