Invesco Golden Dragon China ETF
ALTAR
Score™		 13.7% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 9.9x P/Sales
ratio		 1.0x
P/BV
ratio		 1.3x Div.
yield		 0.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco Golden Dragon China Portfolio seeks investment results that correspond to the price and yield of the NASDAQ Golden Dragon China Index. The index is composed of US exchange-listed companies that are headquartered in China.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Invesco
Website www.invesco.com
Inception date Dec 09, 2004
Assets (mns) $149
Currency USD
Expense ratio 70 bp
Distributions Quarterly

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 52
Wgt avg mkt cap (mns) $55,080
Large cap (>$10bn) 67.1%
Mid cap ($2-10bn) 25.8%
Small cap (<$2bn) 6.7%
Developed mkts 5.8%
Emerging mkts 94.2%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 10.1 %
BAIDU INC - SPON ADR 8.4 %
JD.COM INC-ADR 7.5 %
YUM CHINA HOLDINGS, INC. 6.8 %
TENCENT MUSIC ENTERTAINMENT GROUP 5.5 %
NIO INC. SPONSORED ADR CLASS A 4.4 %
NETEASE.COM INC-ADR 4.0 %
VIPSHOP HOLDINGS LTD SPONSORED ADR 3.9 %
FULL TRUCK ALLIANCE CO LTD ADR 3.7 %
KANZHUN LTD. SPONSORED ADR 3.6 %
Total 57.8 %

TOP COUNTRY EXPOSURE
CHINA 87.3 %
CANADA 0.5 %
UNITED STATES 0.5 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
16.4% 17.5% -10.7% 0.7% 4.9%

Market Correlations
versus... Beta R-squared
S&P500 0.77 22%
MSCI EAFE 0.98 26%
MSCI Emg. Mkts. 1.40 60%

Technical Indicators
Recent close $30.17
30d moving avg. $30.73
Annualized volatility 40.3%
Short interest (ETF) 0.4%
Short interest (Underlying) 3.8%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 26
Turnover 0.5%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $2,525

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 226 potential alternatives to the Invesco Golden Dragon China ETF ETF based on the alternatives' overlap in portfolio holdings with PGJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PGJ Expense: 70 bp ALTAR Score™: 13.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PGJ
Ticker Fund
Name		 Overlap1
vs PGJ
(%)		 Expense
ratio
(bp)		 Savings
vs PGJ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs PGJ
(%)
KWEB KraneShares CSI China Internet ETF 20.8 69 1 26.0 +12.4
EBIZ Global X E-Commerce ETF 16.6 50 20 4.1 -9.6
CGRO CoreValues Alpha Greater China Growth ETF 15.7 75 -5 3.3 -10.3
SOCL Global X Social Media ETF 14.9 65 5 10.8 -2.8
ONLN ProShares Online Retail ETF 11.9 58 12 2.4 -11.2
CHIQ Global X MSCI China Consumer Discretionary ETF 8.6 65 5 12.6 -1.1
TIIV AAM Todd International Intrinsic Value ETF 8.3 54 16 11.1 -2.5
ISHP First Trust Nasdaq Retail ETF 8.3 60 10 5.6 -8.0
DRGN Themes China Generative Artificial Intelligence ETF 8.2 39 31 10.8 -2.9
DINT Davis Select International ETF 7.9 55 15 7.7 -6.0
TCHI iShares MSCI China Multisector Tech ETF 7.7 59 11 18.1 +4.5
GPT Intelligent Alpha Atlas ETF 7.2 69 1 5.8 -7.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 6.8 15 55 7.4 -6.2
SMOG VanEck Low Carbon Energy ETF 6.2 61 9 1.5 -12.1
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 6.0 68 2 6.4 -7.2
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 5.9 45 25 1.6 -12.1
VICE AdvisorShares Vice ETF 5.7 99 -29 6.7 -6.9
HERO Global X Video Games & Esports ETF 5.7 50 20 4.5 -9.2
AVEM Avantis Emerging Markets Equity ETF 5.7 33 37 8.1 -5.6
CCSO Carbon Collective Climate Solutions US Equity ETF 5.6 35 35 1.2 -12.4
AVSE Avantis Responsible Emerging Markets Equity ETF 5.4 33 37 7.8 -5.8
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 5.3 20 50 3.0 -10.7
APIE ActivePassive International Equity ETF 4.9 45 25 7.1 -6.6
ABLG Abacus FCF International Leaders ETF 4.9 59 11 6.5 -7.1
ECNS iShares MSCI China Small-Cap ETF 4.6 59 11 9.2 -4.5
JCHI JPMorgan Active China ETF 4.6 65 5 14.4 +0.7
GINN Goldman Sachs Innovate Equity ETF 4.4 52 18 3.6 -10.1
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 4.4 72 -2 -1.3 -15.0
PBW Invesco WilderHill Clean Energy ETF 4.3 66 4 -3.0 -16.7
MINV Matthews Asia Innovators Active ETF 4.3 79 -9 7.0 -6.7
NERD Roundhill Video Games ETF 4.2 50 20 6.6 -7.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.2 40 30 6.7 -7.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 4.0 78 -8 9.0 -4.7
ESPO VanEck Video Gaming and eSports ETF 4.0 56 14 5.3 -8.4
ODDS Pacer BlueStar Digital Entertainment ETF 4.0 60 10 3.0 -10.6
EATZ AdvisorShares Restaurant ETF 4.0 101 -31 7.7 -6.0
AIQ Global X Artificial Intelligence & Technology ETF 4.0 68 2 3.5 -10.1
PNQI Invesco NASDAQ Internet ETF 3.9 60 10 3.6 -10.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.9 65 5 7.9 -5.7
XNTK State Street SPDR NYSE Technology ETF 3.9 35 35 3.5 -10.2
METV Roundhill Ball Metaverse ETF 3.7 59 11 9.0 -4.7
BNGE First Trust S-Network Streaming and Gaming ETF 3.7 70 0 2.6 -11.1
DWLD Davis Select Worldwide ETF 3.6 63 7 7.1 -6.5
DRIV Global X Autonomous & Electric Vehicles ETF 3.6 68 2 4.7 -9.0
KALL KraneShares MSCI All China Index ETF 3.6 49 21 13.4 -0.3
BINV Brandes International ETF 3.3 70 0 9.3 -4.4
PBD Invesco Global Clean Energy ETF 3.2 75 -5 0.8 -12.9
TMAT Main Thematic Innovation ETF 3.0 164 -94 -1.5 -15.2
TIME Clockwise Core Equity & Innovation ETF 3.0 95 -25 3.9 -9.7
JADE JPMorgan Active Developing Markets Equity ETF 3.0 65 5 7.7 -6.0
HYP Golden Eagle Dynamic Hypergrowth ETF 2.9 85 -15 -1.2 -14.8
PXH Invesco FTSE RAFI Emerging Markets ETF 2.9 49 21 14.9 +1.2
AADR AdvisorShares Dorsey Wright ADR ETF 2.8 110 -40 4.9 -8.8
QTUM Defiance Quantum ETF 2.8 40 30 5.0 -8.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 2.7 86 -16 14.3 +0.7
FLCH Franklin FTSE China ETF 2.7 19 51 15.4 +1.8
GXC SPDR S & P China ETF 2.6 59 11 15.9 +2.3
QQQJ Invesco NASDAQ Next Gen 100 ETF 2.6 15 55 4.5 -9.1
MCH Matthews China Active ETF 2.6 79 -9 14.0 +0.3
DTCR Global X Data Center & Digital Infrastructure ETF 2.6 50 20 3.9 -9.8
SRVR Pacer Data & Infrastructure Real Estate ETF 2.6 55 15 4.7 -9.0
REAI Intelligent Real Estate ETF 2.6 59 11 19.5 +5.8
RTH VanEck Retail ETF 2.5 35 35 5.6 -8.1
GVIP Goldman Sachs Hedge Industry VIP ETF 2.5 45 25 3.2 -10.5
HUMN Roundhill Humanoid Robotics ETF 2.5 75 -5 1.1 -12.6
OGIG ALPS O'Shares Global Internet Giants ETF 2.5 48 22 2.2 -11.5
MOTI VanEck Morningstar International Moat ETF 2.5 58 12 10.5 -3.2
TMFG Motley Fool Global Opportunities ETF 2.5 85 -15 4.0 -9.6
LOGO Alpha Brands Consumption Leaders ETF 2.4 69 1 3.1 -10.6
AVES Avantis Emerging Markets Value ETF 2.4 36 34 10.5 -3.2
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 2.4 75 -5 3.5 -10.2
NUEM Nuveen ESG Emerging Markets Equity ETF 2.3 36 34 7.2 -6.5
SIMS State Street SPDR S&P Kensho Intelligent Structures ETF 2.2 45 25 5.2 -8.5
JIG JPMorgan International Growth ETF 2.1 55 15 4.7 -9.0
TRFM AAM Transformers ETF 2.1 49 21 1.2 -12.4
ARKQ ARK Autonomous Technology & Robotics ETF 2.1 75 -5 1.2 -12.5
FDCF Fidelity Disruptive Communications ETF 2.1 50 20 3.9 -9.8
TTAI FCF International Quality ETF 2.1 59 11 7.4 -6.3
MEM Matthews Emerging Markets Equity Active ETF 2.0 79 -9 7.3 -6.4
MOTG VanEck Morningstar Global Wide Moat ETF 2.0 52 18 8.8 -4.9
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.0 75 -5 2.9 -10.7
AVEE Avantis Emerging Markets Small Cap Equity ETF 2.0 42 28 9.3 -4.4
ARKW ARK Next Generation Internet ETF 1.9 87 -17 0.8 -12.9
TAN Invesco Solar ETF 1.9 67 3 5.9 -7.8
CTEC Global X CleanTech ETF 1.9 50 20 0.7 -12.9
CNRG State Street SPDR S&P Kensho Clean Power ETF 1.9 45 25 1.5 -12.1
LIVR Intelligent Livermore ETF 1.9 69 1 3.5 -10.1
DARP Grizzle Growth ETF 1.8 75 -5 2.7 -10.9
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.8 32 38 13.3 -0.3
LYLD Cambria Large Cap Shareholder Yield ETF 1.8 59 11 9.8 -3.9
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.7 20 50 4.3 -9.4
SFYF SoFi Social 50 ETF 1.7 29 41 1.0 -12.7
FDLS Inspire Fidelis Multi Factor ETF 1.6 76 -6 4.9 -8.8
YNOT Horizon Digital Frontier ETF 1.6 75 -5 3.1 -10.6
DEHP Dimensional Emerging Markets High Profitability ETF 1.5 41 29 6.4 -7.3
IBUY Amplify Online Retail ETF 1.5 65 5 1.7 -12.0
RGEF Rockefeller Global Equity ETF 1.5 55 15 4.6 -9.1
MCHI iShares MSCI China ETF 1.5 59 11 16.9 +3.2
ARKK ARK Innovation ETF 1.5 75 -5 -2.6 -16.3
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.5 61 9 2.0 -11.6
EMMF WisdomTree Emerging Markets Multifactor Fund 1.5 48 22 6.9 -6.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.4 50 20 10.2 -3.5
CZA Invesco Zacks Mid-Cap ETF 1.4 72 -2 7.5 -6.2
CLOU Global X Cloud Computing ETF 1.3 68 2 2.8 -10.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.3 65 5 1.9 -11.8
DFAE Dimensional Emerging Core Equity Market ETF 1.3 35 35 8.6 -5.1
FDEM Fidelity Emerging Markets Multifactor ETF 1.3 25 45 12.2 -1.5
GURU Global X Guru Index ETF 1.2 75 -5 2.7 -10.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.2 66 4 9.0 -4.7
ARKF ARK Fintech Innovation ETF 1.2 75 -5 0.2 -13.4
CARZ First Trust NASDAQ Global Auto Index Fund 1.2 70 0 4.0 -9.7
FDNI First Trust Dow Jones International Internet ETF 1.1 65 5 23.0 +9.4
FMET Fidelity Metaverse ETF 1.1 39 31 4.7 -9.0
FFOX FundX Future Fund Opportunities ETF 1.1 100 -30 3.4 -10.2
GMF SPDR S&P Emerging Asia Pacific ETF 1.1 49 21 9.4 -4.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.1 41 29 8.1 -5.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.1 39 31 15.5 +1.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.1 38 32 8.6 -5.1
QQQS Invesco NASDAQ Future Gen 200 ETF 1.0 20 50 -4.4 -18.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.0 59 11 8.4 -5.2
FLAX Franklin FTSE Asia Ex Japan ETF 1.0 19 51 8.4 -5.2
BATT Amplify Lithium & Battery Technology ETF 1.0 59 11 1.9 -11.8
JHEM John Hancock Multifactor Emerging Markets ETF 1.0 49 21 9.4 -4.3
EMXF iShares ESG Advanced MSCI EM ETF 0.9 16 54 7.9 -5.8
FRNW Fidelity Clean Energy ETF 0.9 39 31 2.3 -11.4
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.9 15 55 6.0 -7.6
SPEM SPDR Portfolio Emerging Markets ETF 0.9 7 63 10.4 -3.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.9 45 25 9.6 -4.1
BKF iShares MSCI BIC ETF 0.8 69 1 13.1 -0.6
JOET Virtus Terranova US Quality Momentum ETF 0.8 29 41 4.9 -8.8
CVY Invesco Zacks Multi-Asset Income ETF 0.8 106 -36 11.7 -1.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.8 36 34 9.1 -4.6
ICLN iShares Global Clean Energy ETF 0.8 41 29 3.1 -10.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.8 60 10 10.7 -3.0
BBP Virtus LifeSci Biotech Products ETF 0.7 79 -9 -1.9 -15.5
FMED Fidelity Disruptive Medicine ETF 0.7 50 20 -0.6 -14.3
SBIO ALPS Medical Breakthroughs ETF 0.7 50 20 0.0 -13.7
CANC Tema Oncology ETF 0.7 75 -5 -2.4 -16.0
FCLD Fidelity Cloud Computing ETF 0.7 39 31 3.5 -10.2
SPAM Themes Cybersecurity ETF 0.7 35 35 2.8 -10.9
CLNR IQ Cleaner Transport ETF 0.7 45 25 5.2 -8.5
KGRN KraneShares MSCI China Clean Technology Index ETF 0.7 79 -9 0.4 -13.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.7 30 40 9.6 -4.1
SDG iShares MSCI Global Sustainable Development Goals ETF 0.7 49 21 5.1 -8.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.7 65 5 7.8 -5.8
IQDF FlexShares International Quality Dividend Index Fund 0.7 47 23 8.4 -5.3
CQQQ Invesco China Technology ETF 0.7 70 0 15.6 +1.9
GINX SGI Enhanced Global Income ETF 0.6 98 -28 7.9 -5.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.6 33 37 9.4 -4.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.6 35 35 12.5 -1.2
GGME Invesco Next Gen Media and Gaming ETF 0.6 60 10 4.9 -8.7
WFH Direxion Work From Home ETF 0.6 45 25 4.0 -9.7
ECON Columbia Emerging Markets Consumer ETF 0.6 49 21 11.5 -2.2
DFEV Dimensional Emerging Markets Value ETF 0.6 43 27 11.7 -1.9
LDEM iShares ESG MSCI EM Leaders ETF 0.6 17 53 12.8 -0.9
EEMA iShares MSCI Emerging Markets Asia ETF 0.5 49 21 9.2 -4.5
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.5 4 66 5.9 -7.8
DGT State Street SPDR Global Dow ETF 0.5 50 20 6.6 -7.1
JGRO JPMorgan Active Growth ETF 0.5 44 26 3.5 -10.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.5 70 0 8.4 -5.3
VWO Vanguard FTSE Emerging Markets ETF 0.5 7 63 10.2 -3.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.5 70 0 7.5 -6.2
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.5 79 -9 5.0 -8.7
UMMA Wahed Dow Jones Islamic World ETF 0.5 65 5 4.7 -8.9
IEMG iShares Core MSCI Emerging Markets ETF 0.4 9 61 9.8 -3.9
EEM iShares MSCI Emerging Markets ETF 0.4 69 1 9.5 -4.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.4 47 23 7.7 -6.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 40 7.4 -6.2
ESGE iShares ESG Aware MSCI EM ETF 0.4 25 45 9.7 -3.9
JIVE JPMorgan International Value ETF 0.4 55 15 10.7 -3.0
SCHE Schwab Emerging Markets Equity ETF 0.4 11 59 10.6 -3.1
BOTZ Global X Robotics & Artificial Intelligence ETF 0.3 69 1 2.0 -11.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 38 8.5 -5.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 49 3.7 -10.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.3 15 55 9.5 -4.2
BKEM BNY Mellon Emerging Markets Equity ETF 0.3 11 59 9.2 -4.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.3 30 40 8.4 -5.2
JGLO JPMorgan Global Select Equity ETF 0.3 33 37 5.0 -8.7
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 45 10.8 -2.9
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 8 3.4 -10.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 52 7.3 -6.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 29 7.1 -6.5
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.2 61 9 -0.6 -14.2
WGMI Valkyrie Bitcoin Miners ETF 0.2 75 -5 -4.8 -18.5
MNRS Grayscale Bitcoin Miners ETF 0.2 59 11 0.0 -13.7
BKCH Global X Blockchain ETF 0.2 50 20 -3.0 -16.6
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -19 4.8 -8.9
EMC Global X Emerging Markets Great Consumer ETF 0.2 75 -5 8.6 -5.0
WISE Themes Generative Artificial Intelligence ETF 0.2 35 35 -0.4 -14.1
FBCG Fidelity Blue Chip Growth ETF 0.2 59 11 2.8 -10.8
VERS ProShares Metaverse ETF 0.2 58 12 0.1 -13.5
SIXG Defiance Connective Technologies ETF 0.2 30 40 3.9 -9.8
DTAN Sparkline International Intangible Value ETF 0.2 55 15 8.1 -5.5
POW VistaShares Electrification Supercycle ETF 0.2 75 -5 3.4 -10.2
JAVA JPMorgan Active Value ETF 0.2 44 26 6.3 -7.3
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 40 7.3 -6.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 8 62 7.1 -6.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 61 5.5 -8.2
IBBQ Invesco Nasdaq Biotechnology ETF 0.1 19 51 0.1 -13.5
VXUS Vanguard Total International Stock ETF 0.1 5 65 7.6 -6.1
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 63 7.5 -6.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 36 7.3 -6.4
VSGX Vanguard ESG International Stock ETF 0.1 10 60 7.5 -6.2
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.1 39 31 -1.3 -15.0
IQM Franklin Intelligent Machines ETF 0.1 50 20 2.0 -11.7
XITK State Street SPDR FactSet Innovative Technology ETF 0.1 45 25 0.9 -12.8
BOTT Themes Robotics & Automation ETF 0.1 35 35 -1.6 -15.3
GLOF iShares Global Equity Factor ETF 0.1 20 50 6.6 -7.1
IBB iShares Biotechnology ETF 0.1 45 25 -0.3 -13.9
GWX SPDR S&P International Small Cap ETF 0.1 40 30 6.5 -7.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 66 7.6 -6.0
BCOR Grayscale Bitcoin Adopters ETF 0.1 59 11 2.4 -11.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 21 6.8 -6.9
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 41 7.5 -6.1
CCNR ALPS CoreCommodity Natural Resources ETF 0.1 39 31 8.3 -5.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 50 5.3 -8.3
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.1 50 20 5.4 -8.3
VYMI Vanguard International High Dividend Yield ETF 0.1 17 53 9.0 -4.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 31 5.7 -8.0
ACWI iShares MSCI ACWI ETF 0.0 32 38 5.3 -8.3
VT Vanguard Total World Stock ETF 0.0 6 64 5.7 -8.0
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 59 4.9 -8.8
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 67 6.6 -7.0
EBI Longview Advantage ETF 0.0 35 35 6.7 -7.0
XT iShares Exponential Technologies ETF 0.0 46 24 4.5 -9.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 31 6.4 -7.3

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 Golden Dragon China 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 15.9 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 13.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.48 CATEGORY
AVERAGE		 1.54
 
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.