EMCR
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF
EMCR tracks an index of large- and midcap emerging market stocks that are selected based on ESG criteria. Holdings are weighted in tiers, in favor of low carbon intensity
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
15 bp
EXPENSES
$89.8 M
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | Deutsche Bank |
Category | Emerging |
Asset class | Equity |
Website | link... |
Inception date | Dec 06, 2018 |
Assets (mns) | $90 |
Expense ratio | 15 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Semi-annual |
Taxation | 1099 |
Stock selection | Principles-based |
Weighting | Tiered |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
TAIWAN SEMICONDUCTOR MANUFAC | 14.5 % |
TENCENT HOLDINGS LTD | 6.3 % |
SAMSUNG ELECTRONICS CO LTD | 3.4 % |
ALIBABA GROUP HOLDING LTD. SPONSORED ADR | 1.7 % |
HYNIX SEMICONDUCTOR INC | 1.6 % |
PINDUODUO, INC. SPONSORED ADR CLASS A | 1.6 % |
MEITUAN DIANPING | 1.5 % |
HON HAI PRECISION INDUSTRY | 1.5 % |
CHINA CONSTRUCTION BANK-H | 1.4 % |
INFOSYS TECHNOLOGIES LTD | 1.2 % |
Constituent Breakdown
Number of holdings | 1333 |
Herfindahl-Hirschman Index | 296 |
Wgt avg mkt cap (mns) | $194,045 |
Large cap (>$10bn) | 79.9% |
Mid cap ($2-10bn) | 18.0% |
Small cap (<$2bn) | 1.2% |
Developed mkts. | 6.0% |
Emerging mkts. | 94.0% |
Country Exposure
TAIWAN | 26.8 % | |
CHINA | 26.6 % | |
INDIA | 17.1 % | |
SOUTH KOREA | 11.2 % | |
BRAZIL | 3.7 % | |
SOUTH AFRICA | 3.4 % | |
SAUDI ARABIA | 2.6 % | |
UAE | 2.4 % | |
MEXICO | 2.1 % | |
INDONESIA | 1.9 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 4.9% | 9.0% | 5.5% | -- | -- | -- | -2.4% | Volatility | 14.4% | 15.0% | 17.6% | 18.7% | 20.3% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.70 | 47% |
MSCI EAFE | 0.83 | 63% |
MSCI Emg Mkts | 1.03 | 99% |
Liquidity Measures
Avg. volume (000) | 8 |
Turnover | 0.3% |
Avg. Bid/Ask (% of price) | 0.34% |
ADV of underlying (mns) | $52,243 |
Technical Indicators
Recent close | $29.45 |
30d moving avg. | $30.38 |
Annualized volatility | 19.2% |
Relative strength (RSI) | 57 |
Short interest (ETF) | 0.3% |
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. EMCR |
Expenses vs. EMCR |
ALTAR Score™ vs. EMCR |
---|---|---|---|---|
BKEM | BNY Mellon Emerging Markets Equity ETF | 71.5% | -4 bp | +0.2% |
GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 71.4% | +21 bp | -0.2% |
DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 69.2% | +51 bp | -0.5% |
EEM | iShares MSCI Emerging Markets ETF | 69.0% | +54 bp | -0.4% |
EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 67.9% | +15 bp | +0.1% |
EEMA | iShares MSCI Emerging Markets Asia ETF | 67.4% | +34 bp | -0.7% |
EMXC | iShares MSCI Emerging Markets ex China ETF | 65.3% | +10 bp | -0.7% |
AAXJ | iShares MSCI All Country Asia ex Japan ETF | 63.9% | +55 bp | -1.0% |
IEMG | iShares Core MSCI Emerging Markets ETF | 62.6% | -6 bp | +0.2% |
JHEM | John Hancock Multifactor Emerging Markets ETF | 62.0% | +34 bp | +0.8% |
Risk and Returns: EMCR 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
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
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
2023 | 2024E | Fwd Est | 2025E | |
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 7/25/2024
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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
EMCR
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™
EMCR
7.3%
Cat. Avg
7.5%
Fund Category: Emerging
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 7.3% |
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 161 funds in the Emerging category, with an average ALTAR Score™
of 7.5% and a standard deviation of
3.9%. EMCR's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places EMCR in the 48th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
EMCR
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
Peer Group | Rules-Based Emerging Market Equity ETFs |
# of ETFs | 103 |
Avg. Expense Ratio | 64.6 bp |
Std. Deviation | 29 bp |
EMCR (15 bp) Percentile rank | 4 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
EMCR | 15.0 | 33.8 | 48.8 |
Peer Avg. | 51.1 | 47.0 | 98.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .