CHIK
Global X MSCI China Information Technology ETF
The Global X MSCI China Information Technology ETF seeks to invest in large-, mid- and small-capitalization segments of the MSCI China IMI Index that are classified in the Information Technology Sector as per the Global Industry Classification System.
Fund Basics
| Fund sponsor | Global X |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 07, 2018 |
| Assets (mns) | $12 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| XIAOMI CORP. CLASS B | 11.6 % |
| LENOVO GROUP LTD | 8.4 % |
| SUNNY OPTICAL TECH | 6.1 % |
| KINGDEE INTERNATIONAL SFTWR | 4.0 % |
| BYD ELECTRONIC INTL CO LTD | 3.5 % |
| XINYI SOLAR HOLDINGS LTD | 3.0 % |
| GCL POLY ENERGY HOLDINGS LTD | 2.7 % |
| CHINASOFT INTERNATIONAL LTD | 2.2 % |
| AAC TECHNOLOGIES HOLDINGS INC. | 2.1 % |
| LUXSHARE PRECISION INDUSTR-A | 2.0 % |
Constituent Breakdown
| Number of holdings | 129 |
| Herfindahl-Hirschman Index | 361 |
| Wgt avg mkt cap (mns) | $13,599 |
| Large cap (>$10bn) | 39.7% |
| Mid cap ($2-10bn) | 57.2% |
| Small cap (<$2bn) | 2.7% |
| Developed mkts. | 26.1% |
| Emerging mkts. | 73.9% |
Country Exposure
 |
CHINA | 86.2 % |
 |
HONG KONG | 14.0 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -9.4% | -11.0% | -26.8% | -20.2% | -- | -- | 2.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.65 | 19% |
| MSCI EAFE | 0.87 | 31% |
| MSCI Emg Mkts | 1.07 | 52% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.98% |
| ADV of underlying (mns) | $5,449 |
Technical Indicators
| Recent close | $14.41 |
| 30d moving avg. | $14.39 |
| Annualized volatility | 26.2% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CHIK |
Expenses vs. CHIK |
ALTAR Score™ vs. CHIK |
|---|---|---|---|---|
| KFVG | KraneShares CICC China 5G & Semiconductor Index ETF | 32.2% | 0 bp | -2.4% |
| TCHI | iShares MSCI China Multisector Tech ETF | 27.2% | -6 bp | -4.5% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 21.4% | +4 bp | -10.0% |
| ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | 15.2% | 0 bp | +2.0% |
| CQQQ | Invesco China Technology ETF | 14.0% | +5 bp | -12.6% |
| CNYA | iShares MSCI China A ETF | 10.9% | -5 bp | +1.4% |
| JCHI | JPMorgan Active China ETF | 10.5% | 0 bp | +0.6% |
Risk and Returns: CHIK vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/7/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
CHIK
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
CHIK
7.1%
Cat. Avg
7.0%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.1% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 175 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.0% and a standard deviation of
4.1%. CHIK's ALTAR Score™ is approximately
0.0 standard deviations
above
the category average. This places CHIK in the 51st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
CHIK
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CHIK | 65.0 | 98.1 | 163.1 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .