STXE
Strive Emerging Markets Ex-China ETF
STXE tracks a market cap-weighted index of mid and large cap companies in emerging markets, excluding China.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
96.4 M
ASSETS UNDER MGMT
32 bp
EXPENSES
Fund Basics
| Fund sponsor | Alpha Architect |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 31, 2023 |
| Assets (mns) | $96 |
| Expense ratio | 32 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 12.7 % |
| BAJAJ FINANCE LIMITED | 5.9 % |
| SAMSUNG ELECTRONICS CO LTD | 4.6 % |
| HDFC BANK LIMITED | 3.4 % |
| ICICI BANK LTD | 2.4 % |
| AL RAJHI BANK | 2.1 % |
| RELIANCE INDUSTRIES LTD | 2.0 % |
| HYNIX SEMICONDUCTOR INC | 1.9 % |
| HON HAI PRECISION INDUSTRY | 1.2 % |
| INFOSYS TECHNOLOGIES LTD | 1.1 % |
Constituent Breakdown
| Number of holdings | 232 |
| Herfindahl-Hirschman Index | 220 |
| Wgt avg mkt cap (mns) | $141,979 |
| Large cap (>$10bn) | 86.3% |
| Mid cap ($2-10bn) | 7.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 0.7% |
| Emerging mkts. | 97.0% |
Country Exposure
 |
INDIA | 33.5 % |
 |
TAIWAN | 22.8 % |
 |
SOUTH KOREA | 13.5 % |
 |
SAUDI ARABIA | 7.4 % |
 |
BRAZIL | 5.8 % |
 |
SOUTH AFRICA | 4.7 % |
 |
MEXICO | 2.8 % |
 |
INDONESIA | 2.1 % |
 |
UAE | 1.8 % |
 |
THAILAND | 1.6 % |
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 6.3% | 3.7% | 7.5% | -- | -- | -- | -- | 6.7% |
| Dividend Yield | 0.0% | 1.0% | 1.1% | -- | -- | -- | -- | 1.0% |
| Total Returns | 6.3% | 4.7% | 8.6% | -- | -- | -- | -- | 7.7% | Ann. Volatility | 20.1% | 17.6% | 15.2% | -- | -- | -- | -- | 14.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.67 | 50% |
| MSCI EAFE | 0.50 | 32% |
| MSCI Emg Mkts | 0.73 | 53% |
Liquidity Measures
| Avg. volume (000) | 11 |
| ADV traded (mns) | $0 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.41% |
Technical Indicators
| Recent close | $30.12 |
| 30d moving avg. | $29.54 |
| Annualized volatility | 12.2% |
| Relative strength (RSI) | 60 |
| Short interest | 0.1% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| EMXC | iShares MSCI Emerging Markets ex China ETF | 70.3% | -7 bp | +7.7% |
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 63.1% | -8 bp | +8.3% |
| XCEM | Columbia EM Core ex-China ETF | 58.0% | -16 bp | +8.2% |
| XC | WisdomTree Emerging Markets Ex-China Fund | 56.6% | 0 bp | +6.0% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 53.3% | -17 bp | +8.3% |
| XCNY | SPDR S&P Emerging Markets ex-China ETF | 53.2% | -17 bp | +7.5% |
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 51.5% | +43 bp | +10.0% |
| EEM | iShares MSCI Emerging Markets ETF | 50.2% | +37 bp | +10.5% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 50.2% | -2 bp | +10.6% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 48.5% | +17 bp | +10.4% |
Risk and Returns: 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 6/16/2025
Peer Group Comparison Sample data. Subscribe for access.
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
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 Rating
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.
ALTAR Score™
8.1%
Cat. Avg
8.2%
ALTAR Score™ Calculation
Category Overview
There are 112 funds in the Emerging Equity category, with an average ALTAR Score™
of 8.2% and a standard deviation of
2.6%. 's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places in the 48th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
STXESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| (32 bp) Percentile rank | 21 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| 32.0 | 0.0 | 32 | |
| Peer Avg. | 48.3 | 42.7 | 91.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .