Invesco Golden Dragon China ETF
ALTAR
Score™		 15.2% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 8.2x P/Sales
ratio		 0.8x
P/BV
ratio		 1.0x Div.
yield		 0.8%


  • 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) $122
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) $50,578
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 May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-11.6% -4.2% -13.8% 0.2% 4.0%

Market Correlations
versus... Beta R-squared
S&P500 1.15 30%
MSCI EAFE 0.84 27%
MSCI Emg. Mkts. 0.86 48%

Technical Indicators
Recent close $24.58
30d moving avg. $26.30
Annualized volatility 40.3%
Short interest (ETF) 0.4%
Short interest (Underlying) 3.8%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 31
Turnover 0.6%
Bid/Ask (% of price) 0.14%
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™: 15.2%


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
(%)
CGRO CoreValues Alpha Greater China Growth ETF 14.2 75 -5 5.2 -10.0
SOCL Global X Social Media ETF 13.8 65 5 12.5 -2.7
KWEB KraneShares CSI China Internet ETF 12.2 69 1 25.0 +9.8
ONLN ProShares Online Retail ETF 12.1 58 12 1.4 -13.9
CHIQ Global X MSCI China Consumer Discretionary ETF 8.5 65 5 13.7 -1.5
VICE AdvisorShares Vice ETF 8.4 99 -29 5.8 -9.4
ISHP First Trust Nasdaq Retail ETF 7.1 60 10 5.5 -9.7
TIIV AAM Todd International Intrinsic Value ETF 7.0 54 16 9.7 -5.5
DRGN Themes China Generative Artificial Intelligence ETF 6.9 39 31 9.4 -5.8
HERO Global X Video Games & Esports ETF 5.7 50 20 6.0 -9.2
DINT Davis Select International ETF 5.3 55 15 6.1 -9.1
AGIQ Sofi Agentic AI ETF 5.1 69 1 6.8 -8.4
SMOG VanEck Low Carbon Energy ETF 5.0 61 9 1.2 -14.0
ECNS iShares MSCI China Small-Cap ETF 4.9 59 11 9.2 -6.0
HAIL State Street SPDR S&P Kensho Smart Mobility ETF 4.9 45 25 -1.4 -16.6
CCSO Carbon Collective Climate Solutions US Equity ETF 4.5 35 35 0.9 -14.3
HUMN Roundhill Humanoid Robotics ETF 4.4 75 -5 1.1 -14.1
PBW Invesco WilderHill Clean Energy ETF 4.3 66 4 -2.7 -17.9
NERD Roundhill Video Games ETF 4.2 50 20 8.1 -7.1
BOTZ Global X Robotics & Artificial Intelligence ETF 4.0 69 1 1.8 -13.4
BJK VanEck Gaming ETF 4.0 65 5 4.5 -10.7
ESPO VanEck Video Gaming and eSports ETF 4.0 56 14 6.7 -8.5
ODDS Pacer BlueStar Digital Entertainment ETF 4.0 60 10 4.7 -10.5
PNQI Invesco NASDAQ Internet ETF 3.9 60 10 3.8 -11.4
JIVE JPMorgan International Value ETF 3.9 55 15 8.4 -6.9
APIE ActivePassive International Equity ETF 3.8 45 25 6.4 -8.8
AVSE Avantis Responsible Emerging Markets Equity ETF 3.7 33 37 6.6 -8.6
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.6 65 5 7.3 -8.0
IVES Wedbush ETFMG Global Cloud Technology ETF 3.4 68 2 3.5 -11.7
PBD Invesco Global Clean Energy ETF 3.2 75 -5 0.2 -15.0
HYP Golden Eagle Dynamic Hypergrowth ETF 2.9 85 -15 -0.8 -16.0
PXH Invesco FTSE RAFI Emerging Markets ETF 2.9 49 21 13.4 -1.8
FFND Future Fund Active ETF 2.9 100 -30 4.3 -10.9
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 2.8 20 50 0.8 -14.5
DRIV Global X Autonomous & Electric Vehicles ETF 2.8 68 2 2.9 -12.3
ABLG Abacus FCF International Leaders ETF 2.7 59 11 6.4 -8.8
JADE JPMorgan Active Developing Markets Equity ETF 2.7 65 5 6.1 -9.1
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.7 78 -8 9.7 -5.5
METV Roundhill Ball Metaverse ETF 2.6 59 11 8.1 -7.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 2.6 40 30 6.3 -8.9
QQQJ Invesco NASDAQ Next Gen 100 ETF 2.6 15 55 3.9 -11.4
AVEM Avantis Emerging Markets Equity ETF 2.6 33 37 7.0 -8.2
DTCR Global X Data Center & Digital Infrastructure ETF 2.6 50 20 3.2 -12.1
BEDZ AdvisorShares Hotel ETF 2.5 100 -30 5.0 -10.2
GXC SPDR S & P China ETF 2.5 59 11 18.6 +3.4
LOGO Alpha Brands Consumption Leaders ETF 2.3 69 1 2.5 -12.7
RTH VanEck Retail ETF 2.3 35 35 4.9 -10.4
BNGE First Trust S-Network Streaming and Gaming ETF 2.3 70 0 3.1 -12.1
TCHI iShares MSCI China Multisector Tech ETF 2.3 59 11 13.4 -1.9
EATZ AdvisorShares Restaurant ETF 2.3 101 -31 4.9 -10.3
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 2.2 75 -5 3.4 -11.9
TMFG Motley Fool Global Opportunities ETF 2.2 85 -15 3.7 -11.5
BINV Brandes International ETF 2.2 70 0 8.6 -6.6
MOTI VanEck Morningstar International Moat ETF 2.2 58 12 10.2 -5.0
CHAT Roundhill Generative AI & Technology ETF 2.2 75 -5 3.9 -11.3
MCH Matthews China Active ETF 2.2 79 -9 14.6 -0.6
SRVR Pacer Data & Infrastructure Real Estate ETF 2.2 55 15 3.7 -11.5
OGIG ALPS O'Shares Global Internet Giants ETF 2.1 48 22 2.5 -12.8
TTAI FCF International Quality ETF 2.1 59 11 6.8 -8.4
AIQ Global X Artificial Intelligence & Technology ETF 2.1 68 2 2.7 -12.6
TRFM AAM Transformers ETF 2.0 49 21 1.0 -14.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.9 32 38 13.7 -1.5
TAN Invesco Solar ETF 1.9 67 3 3.8 -11.4
CNRG State Street SPDR S&P Kensho Clean Power ETF 1.9 45 25 -0.1 -15.3
SIMS State Street SPDR S&P Kensho Intelligent Structures ETF 1.9 45 25 4.3 -10.9
ARKW ARK Next Generation Internet ETF 1.9 87 -17 0.7 -14.5
LIVR Intelligent Livermore ETF 1.9 69 1 3.0 -12.3
ARKQ ARK Autonomous Technology & Robotics ETF 1.8 75 -5 0.9 -14.3
ARKK ARK Innovation ETF 1.8 75 -5 -3.0 -18.2
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 1.7 20 50 4.5 -10.7
DEHP Dimensional Emerging Markets High Profitability ETF 1.7 41 29 4.8 -10.4
XNTK State Street SPDR NYSE Technology ETF 1.7 35 35 2.4 -12.8
GVIP Goldman Sachs Hedge Industry VIP ETF 1.7 45 25 2.4 -12.9
MEM Matthews Emerging Markets Equity Active ETF 1.7 79 -9 8.5 -6.8
MOTG VanEck Morningstar Global Wide Moat ETF 1.7 52 18 8.0 -7.2
BPAY BlackRock Future Financial and Technology ETF 1.7 70 0 5.8 -9.4
CTEC Global X CleanTech ETF 1.6 50 20 -0.1 -15.3
FDCF Fidelity Disruptive Communications ETF 1.6 50 20 1.9 -13.4
DVYE iShares Emerging Markets Dividend ETF 1.6 49 21 17.9 +2.7
QTUM Defiance Quantum ETF 1.6 40 30 3.5 -11.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 1.5 86 -16 13.4 -1.9
YNOT Horizon Digital Frontier ETF 1.5 75 -5 2.5 -12.7
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.5 61 9 1.5 -13.7
BATT Amplify Lithium & Battery Technology ETF 1.4 59 11 1.9 -13.4
CZA Invesco Zacks Mid-Cap ETF 1.4 72 -2 5.9 -9.4
KGRN KraneShares MSCI China Clean Technology Index ETF 1.4 79 -9 3.4 -11.9
FFOX FundX Future Fund Opportunities ETF 1.4 100 -30 2.5 -12.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.4 88 -18 8.4 -6.8
FLCH Franklin FTSE China ETF 1.4 19 51 18.0 +2.8
IBUY Amplify Online Retail ETF 1.3 65 5 2.3 -12.9
ROBO ROBO Global Robotics & Automation Index ETF 1.2 95 -25 2.3 -12.9
CLOU Global X Cloud Computing ETF 1.2 68 2 2.5 -12.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.2 47 23 7.2 -8.0
CARZ First Trust NASDAQ Global Auto Index Fund 1.1 70 0 2.2 -13.0
FMET Fidelity Metaverse ETF 1.1 39 31 4.3 -11.0
MINV Matthews Asia Innovators Active ETF 1.1 79 -9 5.1 -10.1
MCHI iShares MSCI China ETF 1.1 59 11 20.2 +5.0
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.0 65 5 1.4 -13.9
ARKF ARK Fintech Innovation ETF 1.0 75 -5 0.3 -14.9
RGEF Rockefeller Global Equity ETF 1.0 55 15 3.8 -11.4
AVES Avantis Emerging Markets Value ETF 1.0 36 34 8.9 -6.3
QQQS Invesco NASDAQ Future Gen 200 ETF 1.0 20 50 -3.6 -18.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.0 50 20 8.1 -7.2
XDAT Franklin Exponential Data ETF 0.9 50 20 1.1 -14.1
JCHI JPMorgan Active China ETF 0.9 65 5 15.5 +0.2
FDNI First Trust Dow Jones International Internet ETF 0.9 65 5 24.7 +9.5
DARP Grizzle Growth ETF 0.9 75 -5 1.6 -13.6
FRNW Fidelity Clean Energy ETF 0.9 39 31 1.7 -13.5
ICLN iShares Global Clean Energy ETF 0.9 41 29 1.7 -13.6
EMMF WisdomTree Emerging Markets Multifactor Fund 0.9 48 22 8.4 -6.8
GMF SPDR S&P Emerging Asia Pacific ETF 0.8 49 21 8.6 -6.6
CVY Invesco Zacks Multi-Asset Income ETF 0.8 106 -36 10.0 -5.2
FDLS Inspire Fidelis Multi Factor ETF 0.8 76 -6 3.3 -11.9
CLNR IQ Cleaner Transport ETF 0.8 45 25 3.9 -11.3
JIG JPMorgan International Growth ETF 0.8 55 15 3.6 -11.6
JGLO JPMorgan Global Select Equity ETF 0.8 33 37 4.3 -10.9
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.8 42 28 7.6 -7.6
SFYF SoFi Social 50 ETF 0.8 29 41 0.8 -14.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.8 39 31 13.7 -1.5
DFAE Dimensional Emerging Core Equity Market ETF 0.8 35 35 7.0 -8.2
BBP Virtus LifeSci Biotech Products ETF 0.7 79 -9 -4.1 -19.3
FMED Fidelity Disruptive Medicine ETF 0.7 50 20 -1.2 -16.4
SBIO ALPS Medical Breakthroughs ETF 0.7 50 20 0.0 -15.2
CANC Tema Oncology ETF 0.7 75 -5 -2.4 -17.6
CCNR ALPS CoreCommodity Natural Resources ETF 0.7 39 31 8.1 -7.1
DWLD Davis Select Worldwide ETF 0.7 63 7 6.7 -8.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.7 38 32 7.0 -8.2
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.7 15 55 5.1 -10.2
AADR AdvisorShares Dorsey Wright ADR ETF 0.7 110 -40 3.1 -12.2
REAI Intelligent Real Estate ETF 0.7 59 11 5.6 -9.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.7 41 29 6.9 -8.4
SPEM SPDR Portfolio Emerging Markets ETF 0.7 7 63 9.5 -5.8
CQQQ Invesco China Technology ETF 0.7 70 0 15.2 -0.0
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.7 60 10 9.2 -6.1
SDG iShares MSCI Global Sustainable Development Goals ETF 0.6 49 21 4.5 -10.8
BKF iShares MSCI BIC ETF 0.6 69 1 14.9 -0.4
GGME Invesco Next Gen Media and Gaming ETF 0.6 60 10 4.4 -10.8
AOTS AOT Software Platform ETF 0.6 49 21 4.6 -10.6
ECON Columbia Emerging Markets Consumer ETF 0.6 49 21 6.6 -8.6
AIPO Defiance AI & Power Infrastructure ETF 0.5 69 1 0.7 -14.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.5 66 4 7.2 -8.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.5 70 0 6.5 -8.7
IQDF FlexShares International Quality Dividend Index Fund 0.5 47 23 7.6 -7.6
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.5 79 -9 3.6 -11.6
OPTZ Optimize Strategy Index ETF 0.5 50 20 3.4 -11.8
DRNZ REX Drone ETF 0.5 65 5 -1.6 -16.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.5 4 66 5.6 -9.6
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -19 4.3 -10.9
LDEM iShares ESG MSCI EM Leaders ETF 0.4 17 53 12.9 -2.4
GINN Goldman Sachs Innovate Equity ETF 0.4 52 18 3.7 -11.5
JGRO JPMorgan Active Growth ETF 0.4 44 26 2.4 -12.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.4 15 55 8.8 -6.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.4 65 5 6.5 -8.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.4 30 40 8.0 -7.2
UMMA Wahed Dow Jones Islamic World ETF 0.4 65 5 3.5 -11.7
FLAX Franklin FTSE Asia Ex Japan ETF 0.4 19 51 7.1 -8.1
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.3 72 -2 2.2 -13.0
FBOT Fidelity Disruptive Automation ETF 0.3 50 20 2.9 -12.4
DGT State Street SPDR Global Dow ETF 0.3 50 20 5.7 -9.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 38 7.4 -7.8
EMXF iShares ESG Advanced MSCI EM ETF 0.3 16 54 6.7 -8.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.3 36 34 7.6 -7.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.3 33 37 6.7 -8.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 40 6.4 -8.8
DFEV Dimensional Emerging Markets Value ETF 0.3 43 27 9.4 -5.8
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 8 3.0 -12.2
NUEM Nuveen ESG Emerging Markets Equity ETF 0.3 36 34 6.1 -9.1
IEMG iShares Core MSCI Emerging Markets ETF 0.3 9 61 8.2 -7.0
ESGE iShares ESG Aware MSCI EM ETF 0.3 25 45 8.3 -7.0
EEMA iShares MSCI Emerging Markets Asia ETF 0.3 49 21 7.5 -7.7
VWO Vanguard FTSE Emerging Markets ETF 0.3 7 63 9.2 -6.0
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.2 50 20 4.6 -10.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.2 70 0 6.9 -8.3
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.2 61 9 -0.7 -15.9
MNRS Grayscale Bitcoin Miners ETF 0.2 59 11 -2.0 -17.2
BKCH Global X Blockchain ETF 0.2 50 20 -2.8 -18.0
IHAK iShares Cybersecurity & Tech ETF 0.2 47 23 3.5 -11.7
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.2 35 35 10.0 -5.2
DTAN Sparkline International Intangible Value ETF 0.2 55 15 7.1 -8.1
WGMI Valkyrie Bitcoin Miners ETF 0.2 75 -5 -2.5 -17.7
IPO Renaissance IPO ETF 0.2 60 10 1.6 -13.6
EEM iShares MSCI Emerging Markets ETF 0.2 69 1 7.8 -7.4
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.2 69 1 7.4 -7.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 55 8.0 -7.2
SIXG Defiance Connective Technologies ETF 0.2 30 40 2.8 -12.4
VERS ProShares Metaverse ETF 0.2 58 12 0.3 -14.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 29 6.0 -9.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.2 45 25 8.1 -7.2
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 59 7.9 -7.3
EMGF iShares Emerging Markets Equity Factor ETF 0.2 25 45 8.8 -6.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.2 21 49 2.9 -12.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 11 8.6 -6.7
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 49 21 7.5 -7.7
SCHE Schwab Emerging Markets Equity ETF 0.1 11 59 9.5 -5.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 40 7.6 -7.6
IBBQ Invesco Nasdaq Biotechnology ETF 0.1 19 51 0.3 -14.9
IBB iShares Biotechnology ETF 0.1 45 25 -0.5 -15.7
FDRV Fidelity Electric Vehicles and Future Transportation ETF 0.1 39 31 0.9 -14.3
IQM Franklin Intelligent Machines ETF 0.1 50 20 1.1 -14.2
BCOR Grayscale Bitcoin Adopters ETF 0.1 59 11 2.0 -13.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 62 6.3 -8.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 21 6.1 -9.1
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 41 6.6 -8.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 61 4.9 -10.4
GLOF iShares Global Equity Factor ETF 0.1 20 50 5.6 -9.7
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 40 6.5 -8.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 31 6.8 -8.4
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 63 6.6 -8.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 36 6.4 -8.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 52 6.4 -8.8
VXUS Vanguard Total International Stock ETF 0.1 5 65 6.7 -8.6
FBCG Fidelity Blue Chip Growth ETF 0.1 59 11 2.1 -13.1
GWX SPDR S&P International Small Cap ETF 0.1 40 30 5.9 -9.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 66 6.7 -8.5
ROAM Hartford Multifactor Emerging Markets ETF 0.1 44 26 7.5 -7.7
VSGX Vanguard ESG International Stock ETF 0.1 10 60 6.6 -8.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 50 4.7 -10.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 31 6.2 -9.0
VYMI Vanguard International High Dividend Yield ETF 0.0 17 53 8.1 -7.1
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 59 4.1 -11.1
ACWI iShares MSCI ACWI ETF 0.0 32 38 4.6 -10.6
VT Vanguard Total World Stock ETF 0.0 6 64 5.0 -10.2
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 52 0.0 -15.2
XT iShares Exponential Technologies ETF 0.0 46 24 3.8 -11.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 67 5.8 -9.4
AVDS Avantis International Small Cap Equity ETF 0.0 30 40 6.0 -9.2

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 15.7 %
Divided by: Fwd. P/BV 1.0 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.