iShares MSCI China Multisector Tech ETF
ALTAR
Score™		 14.4% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 9.5x P/Sales
ratio		 1.0x
P/BV
ratio		 1.6x Div.
yield		 0.8%


  • 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) $44
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 July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.3% 13.8% -- -- -2.0%

Market Correlations
versus... Beta R-squared
S&P500 1.23 31%
MSCI EAFE 0.92 25%
MSCI Emg. Mkts. 0.80 46%

Technical Indicators
Recent close $23.83
30d moving avg. $24.59
Annualized volatility 32.8%
Short interest (ETF) 1.7%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 15
Turnover 0.8%
Bid/Ask (% of price) 0.36%
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™: 14.4%


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 15.5 +1.1
KTEC KraneShares Hang Seng TECH Index ETF 37.2 69 -10 21.0 +6.6
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 30.9 65 -6 6.3 -8.1
FLCH Franklin FTSE China ETF 27.5 19 40 17.8 +3.4
KWEB KraneShares CSI China Internet ETF 27.1 69 -10 23.5 +9.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 26.8 60 -1 8.7 -5.7
FDNI First Trust Dow Jones International Internet ETF 24.2 65 -6 23.9 +9.5
FXI iShares China Large-Cap ETF 23.9 74 -15 20.4 +6.0
MCH Matthews China Active ETF 22.0 79 -20 14.8 +0.4
MCHI iShares MSCI China ETF 21.8 59 0 20.0 +5.6
JCHI JPMorgan Active China ETF 20.7 65 -6 15.1 +0.7
CGRO CoreValues Alpha Greater China Growth ETF 19.5 75 -16 5.0 -9.4
GXC SPDR S & P China ETF 19.2 59 0 18.7 +4.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 18.8 86 -27 12.3 -2.1
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 16.9 55 4 6.4 -8.0
DRGN Themes China Generative Artificial Intelligence ETF 16.0 39 20 9.3 -5.1
BKF iShares MSCI BIC ETF 15.6 69 -10 14.4 -0.0
CHIQ Global X MSCI China Consumer Discretionary ETF 15.5 65 -6 13.7 -0.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 12.9 32 27 7.5 -6.9
JADE JPMorgan Active Developing Markets Equity ETF 12.2 65 -6 5.9 -8.5
FCA First Trust China AlphaDEX Fund 12.0 80 -21 8.4 -6.0
BNGE First Trust S-Network Streaming and Gaming ETF 12.0 70 -11 3.0 -11.4
EMC Global X Emerging Markets Great Consumer ETF 11.9 75 -16 7.1 -7.3
IVRS iShares Future Metaverse Tech and Communications ETF 11.1 47 12 5.2 -9.2
LDEM iShares ESG MSCI EM Leaders ETF 10.6 17 42 12.5 -1.9
EEMA iShares MSCI Emerging Markets Asia ETF 10.4 49 10 7.5 -6.9
GMF SPDR S&P Emerging Asia Pacific ETF 10.4 49 10 8.5 -5.9
ABLG Abacus FCF International Leaders ETF 10.4 59 0 6.5 -7.9
ARVR First Trust Indxx Metaverse ETF 10.2 70 -11 3.6 -10.8
AIA iShares Asia 50 ETF 10.2 50 9 7.6 -6.8
FLAX Franklin FTSE Asia Ex Japan ETF 10.1 19 40 7.1 -7.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 10.0 33 26 6.7 -7.7
MINV Matthews Asia Innovators Active ETF 10.0 79 -20 5.5 -8.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 10.0 15 44 8.8 -5.6
VWO Vanguard FTSE Emerging Markets ETF 9.8 7 52 9.0 -5.4
NUEM Nuveen ESG Emerging Markets Equity ETF 9.7 36 23 5.9 -8.5
SCHE Schwab Emerging Markets Equity ETF 9.1 11 48 9.3 -5.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 9.1 45 14 8.0 -6.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 9.0 88 -29 8.4 -6.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 8.9 70 -11 6.9 -7.5
BKEM BNY Mellon Emerging Markets Equity ETF 8.8 11 48 24.0 +9.7
PATN Pacer Nasdaq International Patent Leaders ETF 8.7 65 -6 4.0 -10.4
EMXF iShares ESG Advanced MSCI EM ETF 8.7 16 43 6.6 -7.8
SPEM SPDR Portfolio Emerging Markets ETF 8.6 7 52 9.4 -5.0
JHEM John Hancock Multifactor Emerging Markets ETF 8.6 49 10 7.5 -6.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 8.6 36 23 7.5 -6.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 8.5 30 29 7.9 -6.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 8.5 66 -7 7.3 -7.1
MEM Matthews Emerging Markets Equity Active ETF 8.5 79 -20 8.4 -6.0
DEHP Dimensional Emerging Markets High Profitability ETF 8.4 41 18 4.8 -9.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 8.3 15 44 8.0 -6.4
PXH Invesco FTSE RAFI Emerging Markets ETF 8.3 49 10 13.1 -1.3
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 8.0 69 -10 7.6 -6.8
EEM iShares MSCI Emerging Markets ETF 8.0 69 -10 7.8 -6.6
FMET Fidelity Metaverse ETF 7.9 39 20 4.2 -10.2
ESGE iShares ESG Aware MSCI EM ETF 7.8 25 34 8.2 -6.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 7.5 39 20 13.3 -1.1
MOTI VanEck Morningstar International Moat ETF 7.5 58 1 9.6 -4.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 7.4 41 18 6.9 -7.5
JIVE JPMorgan International Value ETF 7.2 55 4 7.9 -6.5
EMMF WisdomTree Emerging Markets Multifactor Fund 7.1 48 11 8.6 -5.8
IEMG iShares Core MSCI Emerging Markets ETF 7.0 9 50 8.2 -6.2
EMGF iShares Emerging Markets Equity Factor ETF 7.0 25 34 8.9 -5.5
KSTR KraneShares SSE STAR Market 50 Index ETF 7.0 89 -30 0.7 -13.7
ECON Columbia Emerging Markets Consumer ETF 7.0 49 10 6.6 -7.8
SOCL Global X Social Media ETF 6.9 65 -6 12.3 -2.1
DFAE Dimensional Emerging Core Equity Market ETF 6.8 35 24 7.0 -7.4
KGRN KraneShares MSCI China Clean Technology Index ETF 6.8 79 -20 3.6 -10.8
FDEM Fidelity Emerging Markets Multifactor ETF 6.8 25 34 10.4 -4.0
EVLU iShares MSCI Emerging Markets Value Factor ETF 6.5 35 24 9.9 -4.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 6.5 95 -36 9.7 -4.7
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 6.3 72 -13 2.5 -11.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 6.3 45 14 9.4 -5.0
OGIG ALPS O'Shares Global Internet Giants ETF 6.0 48 11 2.4 -12.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.9 42 17 4.0 -10.4
IXP iShares Global Comm Services ETF 5.6 42 17 5.8 -8.6
GGME Invesco Next Gen Media and Gaming ETF 5.6 60 -1 4.4 -10.0
MOTG VanEck Morningstar Global Wide Moat ETF 5.5 52 7 7.5 -6.9
ERTH Invesco MSCI Sustainable Future ETF 5.5 62 -3 3.2 -11.2
OND ProShares On-Demand ETF 5.5 58 1 0.5 -13.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 5.4 30 29 7.5 -6.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 5.3 38 21 7.0 -7.4
METV Roundhill Ball Metaverse ETF 5.3 59 0 7.9 -6.5
CNYA iShares MSCI China A ETF 4.9 60 -1 6.5 -7.9
ODDS Pacer BlueStar Digital Entertainment ETF 4.7 60 -1 4.5 -9.9
ESPO VanEck Video Gaming and eSports ETF 4.7 56 3 6.4 -8.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 4.6 59 0 8.5 -5.9
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 4.5 75 -16 3.2 -11.2
AIVC Amplify Bloomberg AI Value Chain ETF 4.5 59 0 3.4 -11.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 4.4 70 -11 9.2 -5.2
ANEW ProShares MSCI Transformational Changes ETF 4.4 45 14 4.2 -10.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.3 60 -1 6.4 -8.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 4.3 50 9 8.2 -6.2
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 4.2 65 -6 4.7 -9.6
AVEM Avantis Emerging Markets Equity ETF 4.1 33 26 7.0 -7.4
GTEK Goldman Sachs Future Tech Leaders Equity ETF 4.1 75 -16 1.8 -12.6
ROAM Hartford Multifactor Emerging Markets ETF 4.0 44 15 7.5 -6.9
EBIZ Global X E-Commerce ETF 3.9 50 9 4.3 -10.0
GINN Goldman Sachs Innovate Equity ETF 3.8 52 7 3.6 -10.8
RXI iShares Global Consumer Discretionary ETF 3.7 41 18 8.0 -6.4
IBLC iShares Blockchain and Tech ETF 3.6 47 12 -1.3 -15.7
PCGG Polen Capital Global Growth ETF 3.6 85 -26 3.8 -10.5
BOTZ Global X Robotics & Artificial Intelligence ETF 3.3 69 -10 1.9 -12.5
NXTG First Trust Indxx NextG ETF 3.3 70 -11 3.5 -10.9
AVSE Avantis Responsible Emerging Markets Equity ETF 3.3 33 26 6.6 -7.8
LIT Global X Lithium & Battery Tech ETF 3.2 75 -16 5.6 -8.8
DSTX Distillate International Fundamental Stability & Value ETF 3.2 55 4 6.3 -8.1
ISHP First Trust Nasdaq Retail ETF 3.1 60 -1 5.1 -9.3
AIS VistaShares Artificial Intelligence Supercycle ETF 3.0 75 -16 1.0 -13.4
FID First Trust S&P International Dividend Aristocrats ETF 3.0 60 -1 7.5 -6.8
HUMN Roundhill Humanoid Robotics ETF 2.9 75 -16 1.3 -13.1
VEU Vanguard FTSE All-World ex-US Index Fund 2.9 4 55 6.5 -7.8
TTAI FCF International Quality ETF 2.9 59 0 6.9 -7.4
OSEA Harbor International Compounders ETF 2.9 55 4 4.2 -10.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 2.9 18 41 6.2 -8.2
VXUS Vanguard Total International Stock ETF 2.7 5 54 6.5 -7.9
SMOG VanEck Low Carbon Energy ETF 2.6 61 -2 1.3 -13.1
ACWX iShares MSCI ACWI ex U.S. ETF 2.6 34 25 6.2 -8.2
FDCF Fidelity Disruptive Communications ETF 2.6 50 9 1.8 -12.6
ETEC iShares Breakthrough Environmental Solutions ETF 2.6 47 12 3.0 -11.4
JIG JPMorgan International Growth ETF 2.6 55 4 3.6 -10.8
IBUY Amplify Online Retail ETF 2.6 65 -6 2.1 -12.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.6 41 18 5.8 -8.6
IPKW Invesco International BuyBack Achievers ETF 2.6 55 4 7.7 -6.7
RNEM First Trust Emerging Markets Equity Select ETF 2.6 75 -16 7.7 -6.6
CWI SPDR MSCI ACWI ex-US ETF 2.5 30 29 6.3 -8.1
SDG iShares MSCI Global Sustainable Development Goals ETF 2.5 49 10 4.5 -9.9
EV Mast Global Battery Recycling & Production ETF 2.5 65 -6 6.4 -8.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 2.5 40 19 6.2 -8.2
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.3 57 2 2.3 -12.1
VSGX Vanguard ESG International Stock ETF 2.3 10 49 6.4 -8.0
IXUS iShares Core MSCI Total International Stock ETF 2.3 7 52 6.4 -7.9
DFEV Dimensional Emerging Markets Value ETF 2.3 43 16 9.4 -5.0
CTEC Global X CleanTech ETF 2.3 50 9 -0.0 -14.4
CDIG City Different Investments Global Equity ETF 2.2 75 -16 -1.6 -16.0
IBAT iShares Energy Storage & Materials ETF 2.2 47 12 1.7 -12.7
BUYZ Franklin Disruptive Commerce ETF 2.2 50 9 2.4 -12.0
WDIV SPDR S&P Global Dividend ETF 2.2 40 19 8.8 -5.6
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 2.2 80 -21 7.5 -6.9
KOCG FIS Knights of Columbus Global Belief ETF 2.2 75 -16 4.5 -9.9
ONLN ProShares Online Retail ETF 2.2 58 1 1.2 -13.2
FEM First Trust Emerging Markets AlphaDEX Fund 2.1 80 -21 8.8 -5.6
AVES Avantis Emerging Markets Value ETF 2.1 36 23 9.0 -5.4
BATT Amplify Lithium & Battery Technology ETF 2.1 59 0 2.0 -12.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 2.0 25 34 6.0 -8.4
XT iShares Exponential Technologies ETF 2.0 46 13 3.9 -10.5
FPXI First Trust International Equity Opportunities ETF 2.0 70 -11 3.9 -10.5
IDRV iShares Self-driving EV & Tech ETF 2.0 47 12 1.5 -12.9
FDRV Fidelity Electric Vehicles and Future Transportation ETF 2.0 39 20 1.1 -13.3
AIQ Global X Artificial Intelligence & Technology ETF 2.0 68 -9 2.7 -11.7
CGXU Capital Group International Focus Equity ETF 1.8 54 5 3.7 -10.7
AOTS AOT Software Platform ETF 1.8 49 10 4.7 -9.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.7 30 29 6.3 -8.1
FRGN Horizon International Equity ETF 1.7 75 -16 7.7 -6.7
OBOR KraneShares MSCI One Belt One Road Index ETF 1.6 79 -20 7.3 -7.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.6 65 -6 1.3 -13.1
ROBO ROBO Global Robotics & Automation Index ETF 1.6 95 -36 2.3 -12.1
AVEE Avantis Emerging Markets Small Cap Equity ETF 1.6 42 17 7.8 -6.6
CNXT VanEck ChiNext ETF 1.6 65 -6 3.0 -11.4
TIIV AAM Todd International Intrinsic Value ETF 1.5 54 5 9.3 -5.1
PGJ Invesco Golden Dragon China ETF 1.5 70 -11 14.9 +0.5
BWEB Bitwise Web3 ETF 1.4 85 -26 -0.1 -14.5
DTAN Sparkline International Intangible Value ETF 1.3 55 4 6.9 -7.4
PBD Invesco Global Clean Energy ETF 1.3 75 -16 0.3 -14.1
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.3 78 -19 9.2 -5.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.3 65 -6 7.1 -7.3
FEOE First Eagle Overseas Equity ETF 1.1 79 -20 5.9 -8.5
UMMA Wahed Dow Jones Islamic World ETF 1.1 65 -6 3.5 -10.9
CARZ First Trust NASDAQ Global Auto Index Fund 1.1 70 -11 2.4 -12.0
QNXT iShares Nasdaq-100 ex Top 30 ETF 1.1 20 39 4.0 -10.4
HERO Global X Video Games & Esports ETF 1.0 50 9 5.7 -8.7
VT Vanguard Total World Stock ETF 1.0 6 53 4.9 -9.5
EEMO Invesco S&P Emerging Markets Momentum ETF 1.0 29 30 6.8 -7.6
KLMT Invesco MSCI Global Climate 500 ETF 1.0 10 49 4.8 -9.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.0 44 15 9.3 -5.1
ACWI iShares MSCI ACWI ETF 1.0 32 27 4.5 -9.9
WRND IQ Global Equity R&D Leaders ETF 0.9 18 41 3.9 -10.4
JSTC Adasina Social Justice All Cap Global ETF 0.9 89 -30 4.2 -10.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.9 9 50 4.7 -9.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.9 20 39 4.6 -9.8
VCLN Virtus Duff & Phelps Clean Energy ETF 0.9 59 0 2.6 -11.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.9 12 47 4.3 -10.1
IOO iShares Global 100 ETF 0.9 41 18 3.7 -10.7
GEW Cambria Global EW ETF 0.9 29 30 5.2 -9.2
FEGE First Eagle Global Equity ETF 0.8 79 -20 5.8 -8.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.8 80 -21 6.9 -7.5
IGPT Invesco AI and Next Gen Software ETF 0.8 60 -1 2.4 -12.0
ION ProShares S&P Global Core Battery Metals ETF 0.8 58 1 6.5 -7.9
TAN Invesco Solar ETF 0.7 67 -8 4.7 -9.6
APIE ActivePassive International Equity ETF 0.7 45 14 6.2 -8.2
BOTT Themes Robotics & Automation ETF 0.7 35 24 -4.6 -19.0
CGIE Capital Group International Equity ETF 0.7 54 5 4.4 -10.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.7 47 12 7.0 -7.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 0.7 35 24 3.3 -11.1
IQM Franklin Intelligent Machines ETF 0.6 50 9 1.2 -13.2
IBOT Vaneck Robotics ETF 0.6 47 12 3.1 -11.3
IGRO iShares International Dividend Growth ETF 0.6 15 44 6.5 -7.9
NERD Roundhill Video Games ETF 0.6 50 9 7.7 -6.7
POW VistaShares Electrification Supercycle ETF 0.6 75 -16 2.2 -12.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 10 5.9 -8.5
IPOS Renaissance International IPO ETF 0.6 80 -21 0.0 -14.4
FCLD Fidelity Cloud Computing ETF 0.6 39 20 2.7 -11.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 20 6.6 -7.8
CGDG Capital Group Dividend Growers ETF 0.5 47 12 5.0 -9.4
IQDF FlexShares International Quality Dividend Index Fund 0.5 47 12 7.3 -7.1
VYMI Vanguard International High Dividend Yield ETF 0.5 17 42 7.7 -6.7
DGT State Street SPDR Global Dow ETF 0.5 50 9 5.5 -8.9
ACWV iShares MSCI Global Min Vol Factor ETF 0.5 20 39 5.6 -8.8
GLOF iShares Global Equity Factor ETF 0.4 20 39 5.4 -9.0
KNCT Invesco Next Gen Connectivity ETF 0.4 40 19 2.9 -11.5
AQLT iShares MSCI Global Quality Factor ETF 0.4 18 41 0.0 -14.4
JPIN J.P. Morgan Diversified Return International Equity ETF 0.4 37 22 6.9 -7.5
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.3 80 -21 12.4 -2.0
ICLN iShares Global Clean Energy ETF 0.3 41 18 2.0 -12.4
TRFM AAM Transformers ETF 0.3 49 10 0.9 -13.5
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 0.3 79 -20 3.7 -10.7
DTEC ALPS Disruptive Technologies ETF 0.3 50 9 3.4 -11.0
FRNW Fidelity Clean Energy ETF 0.3 39 20 2.0 -12.4
CCNR ALPS CoreCommodity Natural Resources ETF 0.3 39 20 8.3 -6.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.3 39 20 6.1 -8.3
QQWZ Pacer Cash COWZ 100-Nasdaq100 Rotator ETF 0.3 49 10 7.5 -6.9
QQQM Invesco NASDAQ 100 ETF 0.2 15 44 3.2 -11.2
QQQ Invesco QQQ Trust Series I 0.2 20 39 3.2 -11.2
LIMI Themes Lithium & Battery Metal Miners ETF 0.2 35 24 3.6 -10.8
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.2 65 -6 7.8 -6.6
IXN iShares Global Tech ETF 0.2 41 18 2.6 -11.8
VPL Vanguard FTSE Pacific ETF 0.2 7 52 5.1 -9.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.2 67 -8 12.2 -2.2
QQMG Invesco ESG NASDAQ 100 ETF 0.2 20 39 3.1 -11.3
BULD Pacer BlueStar Engineering the Future ETF 0.2 60 -1 0.2 -14.2
PNQI Invesco NASDAQ Internet ETF 0.2 60 -1 3.7 -10.7
FBOT Fidelity Disruptive Automation ETF 0.2 50 9 2.8 -11.6
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.1 80 -21 9.2 -5.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 38 2.9 -11.5
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 39 5.5 -8.9
CLNR IQ Cleaner Transport ETF 0.1 45 14 4.0 -10.4
SCHF Schwab International Equity ETF 0.1 6 53 5.8 -8.6
VEA Vanguard FTSE Developed Markets ETF 0.1 3 56 5.8 -8.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 1 3.5 -10.9
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 34 5.4 -9.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 1 8.5 -5.9
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 39 5.6 -8.8
BKIE BNY Mellon International Equity ETF 0.1 4 55 17.4 +3.0
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.0 24 35 6.8 -7.6
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.0 50 9 4.7 -9.7
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.0 20 39 0.8 -13.6
INTF iShares International Equity Factor ETF 0.0 15 44 6.3 -8.1
IQSI IQ Candriam International Equity ETF 0.0 15 44 5.4 -9.0
IMFL Invesco International Developed Dynamic Multifactor ETF 0.0 34 25 5.1 -9.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 51 6.3 -8.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 14 6.6 -7.8
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 56 5.7 -8.7
THRO iShares U.S. Thematic Rotation Active ETF 0.0 90 -31 3.0 -11.4

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

Net margins

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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 1.5 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 14.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.45 CATEGORY
AVERAGE		 1.52
 
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.