iShares MSCI China Multisector Tech ETF
ALTAR
Score™		 16.6% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 8.5x P/Sales
ratio		 0.9x
P/BV
ratio		 1.5x Div.
yield		 0.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
TCHI tracks a market cap-weighted index of large- and mid-cap Chinese equities in technology and technology-related industries.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Blackrock
Website www.ishares.com/us/products/325390/
Inception date Jan 25, 2022
Assets (mns) $41
Currency USD
Expense ratio 59 bp
Distributions Semi-annual

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 196
Wgt avg mkt cap (mns) $76,488
Large cap (>$10bn) 67.5%
Mid cap ($2-10bn) 32.3%
Small cap (<$2bn) 0.1%
Developed mkts 17.0%
Emerging mkts 83.0%

TOP TEN HOLDINGS
LENOVO GROUP LTD 4.6 %
NETEASE, INC 4.1 %
TENCENT HOLDINGS LTD 3.6 %
JD.COM, INC. CLASS A 3.3 %
HUA HONG SEMICONDUCTOR LTD. 3.3 %
KUAISHOU TECHNOLOGY CLASS B 3.3 %
PINDUODUO, INC. SPONSORED ADR CLAS 3.1 %
BAIDU, INC. CLASS A 3.1 %
XIAOMI CORP. CLASS B 3.1 %
ALIBABA GROUP HOLDING LTD. 3.0 %
Total 34.6 %

TOP COUNTRY EXPOSURE
CHINA 84.8 %
HONG KONG 9.0 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.9% -16.4% -- -- -3.3%

Market Correlations
versus... Beta R-squared
S&P500 1.24 35%
MSCI EAFE 0.91 28%
MSCI Emg. Mkts. 0.74 47%

Technical Indicators
Recent close $21.41
30d moving avg. $24.01
Annualized volatility 32.8%
Short interest (ETF) 4.7%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.5%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $29,389

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 253 potential alternatives to the iShares MSCI China Multisector Tech ETF ETF based on the alternatives' overlap in portfolio holdings with TCHI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: TCHI Expense: 59 bp ALTAR Score™: 16.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH TCHI
Ticker Fund
Name		 Overlap1
vs TCHI
(%)		 Expense
ratio
(bp)		 Savings
vs TCHI
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs TCHI
(%)
CQQQ Invesco China Technology ETF 41.5 70 -11 18.9 +2.3
KTEC KraneShares Hang Seng TECH Index ETF 37.2 69 -10 26.2 +9.6
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 30.9 65 -6 6.8 -9.8
FLCH Franklin FTSE China ETF 27.5 19 40 19.9 +3.3
KWEB KraneShares CSI China Internet ETF 27.1 69 -10 29.7 +13.1
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 26.8 60 -1 9.6 -6.9
FDNI First Trust Dow Jones International Internet ETF 23.0 65 -6 28.0 +11.4
FXI iShares China Large-Cap ETF 22.7 74 -15 22.6 +6.1
MCH Matthews China Active ETF 22.0 79 -20 16.1 -0.5
MCHI iShares MSCI China ETF 21.4 59 0 22.3 +5.7
JCHI JPMorgan Active China ETF 20.7 65 -6 16.9 +0.3
GXC SPDR S & P China ETF 18.9 59 0 20.5 +3.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 18.8 86 -27 14.9 -1.7
CGRO CoreValues Alpha Greater China Growth ETF 18.7 75 -16 7.9 -8.7
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 16.9 55 4 7.0 -9.6
CHIQ Global X MSCI China Consumer Discretionary ETF 15.5 65 -6 16.8 +0.2
BKF iShares MSCI BIC ETF 15.1 69 -10 15.7 -0.8
DRGN Themes China Generative Artificial Intelligence ETF 12.9 39 20 11.4 -5.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 12.9 32 27 7.6 -9.0
JADE JPMorgan Active Developing Markets Equity ETF 12.2 65 -6 5.9 -10.6
BNGE First Trust S-Network Streaming and Gaming ETF 11.9 70 -11 3.2 -13.4
FCA First Trust China AlphaDEX Fund 11.7 80 -21 9.1 -7.5
EMC Global X Emerging Markets Great Consumer ETF 11.2 75 -16 7.1 -9.5
LDEM iShares ESG MSCI EM Leaders ETF 10.5 17 42 12.9 -3.7
AIA iShares Asia 50 ETF 10.1 50 9 7.3 -9.3
FLAX Franklin FTSE Asia Ex Japan ETF 10.1 19 40 7.0 -9.6
ARVR First Trust Indxx Metaverse ETF 10.1 70 -11 3.5 -13.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 10.0 33 26 6.7 -9.9
MINV Matthews Asia Innovators Active ETF 10.0 79 -20 5.8 -10.8
ABLG Abacus FCF International Leaders ETF 10.0 59 0 6.8 -9.8
GMF SPDR S&P Emerging Asia Pacific ETF 10.0 49 10 8.6 -8.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 10.0 15 44 8.9 -7.7
EEMA iShares MSCI Emerging Markets Asia ETF 9.9 49 10 7.4 -9.2
NUEM Nuveen ESG Emerging Markets Equity ETF 9.7 36 23 5.8 -10.8
VWO Vanguard FTSE Emerging Markets ETF 9.4 7 52 9.3 -7.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 9.1 45 14 8.0 -8.6
SCHE Schwab Emerging Markets Equity ETF 9.0 11 48 9.5 -7.1
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 9.0 88 -29 8.5 -8.1
BKEM BNY Mellon Emerging Markets Equity ETF 8.8 11 48 24.1 +7.5
PATN Pacer Nasdaq International Patent Leaders ETF 8.8 65 -6 4.0 -12.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 8.7 70 -11 6.8 -9.8
JHEM John Hancock Multifactor Emerging Markets ETF 8.6 49 10 7.5 -9.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 8.6 36 23 7.5 -9.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 8.5 66 -7 7.3 -9.2
MEM Matthews Emerging Markets Equity Active ETF 8.5 79 -20 8.6 -8.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 8.3 15 44 8.0 -8.6
PXH Invesco FTSE RAFI Emerging Markets ETF 8.3 49 10 13.4 -3.2
SPEM SPDR Portfolio Emerging Markets ETF 8.3 7 52 9.5 -7.0
EMXF iShares ESG Advanced MSCI EM ETF 8.2 16 43 6.6 -10.0
DEHP Dimensional Emerging Markets High Profitability ETF 8.1 41 18 4.8 -11.8
FMET Fidelity Metaverse ETF 7.9 39 20 4.3 -12.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 7.9 30 29 7.9 -8.7
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 7.8 69 -10 7.6 -9.0
EEM iShares MSCI Emerging Markets ETF 7.8 69 -10 7.7 -8.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 7.4 39 20 13.4 -3.2
ESGE iShares ESG Aware MSCI EM ETF 7.3 25 34 8.1 -8.5
EMMF WisdomTree Emerging Markets Multifactor Fund 7.1 48 11 8.6 -8.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 7.1 41 18 6.8 -9.7
KSTR KraneShares SSE STAR Market 50 Index ETF 7.0 89 -30 0.9 -15.7
ECON Columbia Emerging Markets Consumer ETF 7.0 49 10 6.4 -10.1
MOTI VanEck Morningstar International Moat ETF 6.9 58 1 10.5 -6.1
SOCL Global X Social Media ETF 6.9 65 -6 14.2 -2.4
IEMG iShares Core MSCI Emerging Markets ETF 6.9 9 50 8.1 -8.5
EMGF iShares Emerging Markets Equity Factor ETF 6.9 25 34 8.8 -7.8
KGRN KraneShares MSCI China Clean Technology Index ETF 6.8 79 -20 4.4 -12.2
FDEM Fidelity Emerging Markets Multifactor ETF 6.8 25 34 10.5 -6.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 6.6 35 24 10.0 -6.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 6.3 72 -13 2.8 -13.8
DFAE Dimensional Emerging Core Equity Market ETF 6.3 35 24 6.9 -9.7
UEVM VictoryShares Emerging Markets Value Momentum ETF 6.3 45 14 9.9 -6.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.9 42 17 4.2 -12.4
GGME Invesco Next Gen Media and Gaming ETF 5.6 60 -1 4.4 -12.2
ERTH Invesco MSCI Sustainable Future ETF 5.5 62 -3 3.6 -12.9
OND ProShares On-Demand ETF 5.5 58 1 0.6 -16.0
IXP iShares Global Comm Services ETF 5.4 42 17 5.9 -10.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 5.2 38 21 6.9 -9.7
MOTG VanEck Morningstar Global Wide Moat ETF 5.2 52 7 8.1 -8.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 5.2 30 29 7.4 -9.1
OGIG ALPS O'Shares Global Internet Giants ETF 5.1 48 11 2.4 -14.2
CNYA iShares MSCI China A ETF 4.9 60 -1 7.0 -9.6
METV Roundhill Ball Metaverse ETF 4.9 59 0 7.3 -9.3
ESPO VanEck Video Gaming and eSports ETF 4.7 56 3 6.4 -10.2
ODDS Pacer BlueStar Digital Entertainment ETF 4.7 60 -1 5.1 -11.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 4.6 59 0 8.4 -8.1
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 4.5 75 -16 3.2 -13.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 4.4 70 -11 9.9 -6.7
ANEW ProShares MSCI Transformational Changes ETF 4.4 45 14 4.2 -12.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.3 60 -1 6.8 -9.8
AIVC Amplify Bloomberg AI Value Chain ETF 4.3 59 0 3.3 -13.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 4.3 50 9 7.9 -8.7
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 4.2 65 -6 5.0 -11.6
AVEM Avantis Emerging Markets Equity ETF 4.1 33 26 6.9 -9.7
GTEK Goldman Sachs Future Tech Leaders Equity ETF 4.1 75 -16 1.7 -14.8
ROAM Hartford Multifactor Emerging Markets ETF 4.0 44 15 7.5 -9.0
EBIZ Global X E-Commerce ETF 3.9 50 9 5.1 -11.5
GINN Goldman Sachs Innovate Equity ETF 3.8 52 7 3.7 -12.9
FID First Trust S&P International Dividend Aristocrats ETF 3.7 60 -1 7.8 -8.8
NXTG First Trust Indxx NextG ETF 3.7 70 -11 3.4 -13.2
IBLC iShares Blockchain and Tech ETF 3.6 47 12 -1.3 -17.9
RXI iShares Global Consumer Discretionary ETF 3.6 41 18 9.1 -7.5
PCGG Polen Capital Global Growth ETF 3.6 85 -26 4.0 -12.6
BOTZ Global X Robotics & Artificial Intelligence ETF 3.4 69 -10 2.1 -14.5
AVSE Avantis Responsible Emerging Markets Equity ETF 3.3 33 26 6.5 -10.1
LIT Global X Lithium & Battery Tech ETF 3.2 75 -16 5.9 -10.7
ISHP First Trust Nasdaq Retail ETF 3.1 60 -1 5.8 -10.8
HUMN Roundhill Humanoid Robotics ETF 2.9 75 -16 1.5 -15.1
AIS VistaShares Artificial Intelligence Supercycle ETF 2.9 75 -16 0.8 -15.7
WDIV SPDR S&P Global Dividend ETF 2.9 40 19 9.2 -7.4
OSEA Harbor International Compounders ETF 2.9 55 4 4.6 -12.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.9 18 41 6.4 -10.2
DSTX Distillate International Fundamental Stability & Value ETF 2.9 55 4 6.7 -9.8
VEU Vanguard FTSE All-World ex-US Index Fund 2.8 4 55 6.7 -9.9
AIQ Global X Artificial Intelligence & Technology ETF 2.7 68 -9 2.7 -13.9
SMOG VanEck Low Carbon Energy ETF 2.7 61 -2 1.4 -15.2
FDCF Fidelity Disruptive Communications ETF 2.6 50 9 1.8 -14.8
ETEC iShares Breakthrough Environmental Solutions ETF 2.6 47 12 3.4 -13.1
JIG JPMorgan International Growth ETF 2.6 55 4 3.6 -13.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.6 41 18 5.9 -10.7
IPKW Invesco International BuyBack Achievers ETF 2.6 55 4 8.1 -8.5
VXUS Vanguard Total International Stock ETF 2.6 5 54 6.6 -9.9
RNEM First Trust Emerging Markets Equity Select ETF 2.5 75 -16 8.2 -8.3
ACWX iShares MSCI ACWI ex U.S. ETF 2.5 34 25 6.4 -10.2
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 2.5 80 -21 7.1 -9.4
EV Mast Global Battery Recycling & Production ETF 2.5 65 -6 6.4 -10.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 2.5 40 19 6.1 -10.4
CWI SPDR MSCI ACWI ex-US ETF 2.4 30 29 6.4 -10.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 2.4 25 34 6.0 -10.6
IBUY Amplify Online Retail ETF 2.3 65 -6 2.5 -14.1
CTEC Global X CleanTech ETF 2.3 50 9 0.0 -16.6
SDG iShares MSCI Global Sustainable Development Goals ETF 2.2 49 10 4.8 -11.8
VSGX Vanguard ESG International Stock ETF 2.2 10 49 6.6 -10.0
IXUS iShares Core MSCI Total International Stock ETF 2.2 7 52 6.6 -10.0
IBAT iShares Energy Storage & Materials ETF 2.2 47 12 1.6 -15.0
BUYZ Franklin Disruptive Commerce ETF 2.2 50 9 2.6 -14.0
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.2 57 2 2.3 -14.3
KOCG FIS Knights of Columbus Global Belief ETF 2.2 75 -16 4.6 -11.9
ONLN ProShares Online Retail ETF 2.2 58 1 1.5 -15.1
AVES Avantis Emerging Markets Value ETF 2.1 36 23 9.0 -7.6
BATT Amplify Lithium & Battery Technology ETF 2.1 59 0 2.1 -14.5
DFEV Dimensional Emerging Markets Value ETF 2.1 43 16 9.1 -7.5
CDIG City Different Investments Global Equity ETF 2.1 75 -16 -1.7 -18.2
XT iShares Exponential Technologies ETF 2.0 46 13 3.8 -12.7
FPXI First Trust International Equity Opportunities ETF 2.0 70 -11 4.2 -12.4
FDRV Fidelity Electric Vehicles and Future Transportation ETF 2.0 39 20 1.2 -15.3
IDRV iShares Self-driving EV & Tech ETF 2.0 47 12 1.7 -14.9
CHAT Roundhill Generative AI & Technology ETF 1.9 75 -16 4.0 -12.5
CGXU Capital Group International Focus Equity ETF 1.8 54 5 3.8 -12.8
FEM First Trust Emerging Markets AlphaDEX Fund 1.8 80 -21 8.7 -7.8
ECNS iShares MSCI China Small-Cap ETF 1.7 59 0 10.5 -6.0
FRGN Horizon International Equity ETF 1.6 75 -16 7.9 -8.7
OBOR KraneShares MSCI One Belt One Road Index ETF 1.6 79 -20 7.3 -9.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.6 30 29 6.4 -10.2
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.6 65 -6 1.3 -15.3
VIDI Vident International Equity Strategy ETF 1.6 61 -2 8.2 -8.4
ROBO ROBO Global Robotics & Automation Index ETF 1.6 95 -36 2.4 -14.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 1.6 42 17 7.6 -9.0
DTAN Sparkline International Intangible Value ETF 1.6 55 4 7.3 -9.3
CNXT VanEck ChiNext ETF 1.6 65 -6 3.5 -13.0
TIIV AAM Todd International Intrinsic Value ETF 1.5 54 5 9.8 -6.8
PGJ Invesco Golden Dragon China ETF 1.5 70 -11 18.5 +2.0
BWEB Bitwise Web3 ETF 1.4 85 -26 -0.1 -16.7
PBD Invesco Global Clean Energy ETF 1.3 75 -16 0.4 -16.2
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.3 78 -19 9.5 -7.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.2 65 -6 7.4 -9.2
UMMA Wahed Dow Jones Islamic World ETF 1.1 65 -6 3.5 -13.0
FEOE First Eagle Overseas Equity ETF 1.1 79 -20 6.2 -10.3
JIVE JPMorgan International Value ETF 1.1 55 4 8.1 -8.4
HERO Global X Video Games & Esports ETF 1.0 50 9 5.6 -11.0
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.0 20 39 4.2 -12.4
EEMO Invesco S&P Emerging Markets Momentum ETF 1.0 29 30 6.2 -10.4
CARZ First Trust NASDAQ Global Auto Index Fund 1.0 70 -11 2.4 -14.2
KLMT Invesco MSCI Global Climate 500 ETF 1.0 10 49 4.9 -11.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.0 44 15 9.7 -6.9
VT Vanguard Total World Stock ETF 1.0 6 53 5.0 -11.6
WRND IQ Global Equity R&D Leaders ETF 0.9 18 41 4.0 -12.6
ACWI iShares MSCI ACWI ETF 0.9 32 27 4.6 -11.9
JSTC Adasina Social Justice All Cap Global ETF 0.9 89 -30 4.3 -12.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.9 80 -21 6.8 -9.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.9 9 50 4.8 -11.8
VCLN Virtus Duff & Phelps Clean Energy ETF 0.9 59 0 2.8 -13.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.8 20 39 4.7 -11.9
IOO iShares Global 100 ETF 0.8 41 18 3.8 -12.7
GEW Cambria Global EW ETF 0.8 29 30 5.4 -11.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.8 12 47 4.5 -12.1
IGPT Invesco AI and Next Gen Software ETF 0.8 60 -1 2.2 -14.4
FEGE First Eagle Global Equity ETF 0.8 79 -20 6.1 -10.4
ION ProShares S&P Global Core Battery Metals ETF 0.8 58 1 7.2 -9.4
TAN Invesco Solar ETF 0.7 67 -8 6.0 -10.6
BOTT Themes Robotics & Automation ETF 0.7 35 24 -4.8 -21.4
CGIE Capital Group International Equity ETF 0.7 54 5 4.6 -12.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.7 47 12 7.2 -9.3
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.7 35 24 3.4 -13.2
IQM Franklin Intelligent Machines ETF 0.6 50 9 1.1 -15.4
IBOT Vaneck Robotics ETF 0.6 47 12 3.2 -13.4
NERD Roundhill Video Games ETF 0.6 50 9 7.5 -9.1
IGRO iShares International Dividend Growth ETF 0.6 15 44 6.8 -9.7
POW VistaShares Electrification Supercycle ETF 0.6 75 -16 2.3 -14.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 10 6.1 -10.5
IPOS Renaissance International IPO ETF 0.6 80 -21 0.0 -16.6
FCLD Fidelity Cloud Computing ETF 0.6 39 20 2.6 -14.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 20 6.7 -9.8
CGDG Capital Group Dividend Growers ETF 0.5 47 12 5.4 -11.2
IQDF FlexShares International Quality Dividend Index Fund 0.5 47 12 7.5 -9.0
VYMI Vanguard International High Dividend Yield ETF 0.5 17 42 8.0 -8.6
APIE ActivePassive International Equity ETF 0.5 45 14 6.5 -10.1
DGT State Street SPDR Global Dow ETF 0.5 50 9 5.7 -10.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.5 70 -11 6.4 -10.2
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 39 5.8 -10.8
GLOF iShares Global Equity Factor ETF 0.4 20 39 5.5 -11.1
KNCT Invesco Next Gen Connectivity ETF 0.4 40 19 2.8 -13.8
EDIV SPDR S&P Emerging Markets Dividend ETF 0.4 49 10 9.4 -7.2
AQLT iShares MSCI Global Quality Factor ETF 0.4 18 41 0.0 -16.6
JPIN J.P. Morgan Diversified Return International Equity ETF 0.4 37 22 7.2 -9.4
GPT Intelligent Alpha Atlas ETF 0.3 69 -10 6.1 -10.5
ICLN iShares Global Clean Energy ETF 0.3 41 18 2.2 -14.4
TRFM AAM Transformers ETF 0.3 49 10 1.0 -15.6
CCNR ALPS CoreCommodity Natural Resources ETF 0.3 39 20 8.4 -8.2
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.3 79 -20 3.8 -12.8
FRNW Fidelity Clean Energy ETF 0.3 39 20 2.2 -14.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.3 39 20 6.3 -10.3
DTEC ALPS Disruptive Technologies ETF 0.3 50 9 3.5 -13.1
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.3 80 -21 12.6 -4.0
VPL Vanguard FTSE Pacific ETF 0.3 7 52 5.0 -11.6
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.3 65 -6 8.3 -8.3
QQQM Invesco NASDAQ 100 ETF 0.2 15 44 3.2 -13.3
QQQ Invesco QQQ Trust Series I 0.2 20 39 3.2 -13.4
LIMI Themes Lithium & Battery Metal Miners ETF 0.2 35 24 3.6 -13.0
IXN iShares Global Tech ETF 0.2 41 18 2.5 -14.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.2 67 -8 12.5 -4.0
QQMG Invesco ESG NASDAQ 100 ETF 0.2 20 39 3.1 -13.4
BULD Pacer BlueStar Engineering the Future ETF 0.2 60 -1 0.2 -16.4
PNQI Invesco NASDAQ Internet ETF 0.2 60 -1 3.8 -12.8
FBOT Fidelity Disruptive Automation ETF 0.2 50 9 2.9 -13.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.1 80 -21 8.7 -7.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 38 2.9 -13.7
SCHF Schwab International Equity ETF 0.1 6 53 5.9 -10.7
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 39 5.6 -11.0
VEA Vanguard FTSE Developed Markets ETF 0.1 3 56 5.9 -10.6
CLNR IQ Cleaner Transport ETF 0.1 45 14 4.0 -12.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 1 3.6 -13.0
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 34 5.5 -11.1
BKIE BNY Mellon International Equity ETF 0.1 4 55 18.1 +1.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 1 8.6 -8.0
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 39 5.9 -10.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 35 7.1 -9.5
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.0 50 9 4.9 -11.7
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.0 20 39 0.8 -15.7
INTF iShares International Equity Factor ETF 0.0 15 44 6.5 -10.1
IMFL Invesco International Developed Dynamic Multifactor ETF 0.0 34 25 5.3 -11.2
IQSI IQ Candriam International Equity ETF 0.0 15 44 5.6 -11.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 51 6.4 -10.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 14 6.8 -9.8
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 56 5.8 -10.7

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
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*Six months ago = 100

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VALUATION METRICS
  2024 2025E 2026E
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Historical valuation trends

Forward
multiple:		 iShares MSCI China Multisector Tech 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 22.1 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 16.6 %
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.