CGRO vs. CHIQ ETF Comparison

Comparison of CoreValues Alpha Greater China Growth ETF (CGRO) to Global X China Consumer ETF (CHIQ)

CGRO

CoreValues Alpha Greater China Growth ETF

CGRO Description

CGRO aims to benefit from high-growth sectors in Greater China without compromising American values and interests. The fund includes companies of all sizes located or primarily traded in mainland China, Taiwan, and Chinas special administrative regions, such as Hong Kong. The portfolio construction starts with top-down macro research, which utilizes publicly available data to identify sectors with the highest growth potential. The fund also conducts on-the-ground due diligence wherein it gains insights from 15 investment professionals located in China. Lastly, a fundamental bottom-up approach is used to analyze company-specific data such as financial reports and management expertise. The weight of each sector and company is determined by the sub-advisers assessment of its growth potential, which may change over time. The fund may invest in China A-shares, depositary receipts, and issuers listed on exchanges outside China.

Grade (RS Rating)

Last Trade

$23.90

Average Daily Volume

755

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CHIQ

Global X China Consumer ETF

CHIQ Description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive China Consumer Index. The fund invests at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The underlying index is designed to measure the equity performance of the investable universe of companies in the consumer sector of the Chinese economy, as defined by Structured Solutions AG. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$20.63

Average Daily Volume

112,198

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CGRO	CHIQ
30 Days	-6.31%	-8.07%
60 Days	25.82%	26.64%
90 Days	29.55%	30.90%
12 Months	20.59%	20.44%

4 Overlapping Holdings

Symbol	Grade	Weight in CGRO	Weight in CHIQ	Overlap
BABA	B	3.75%	8.11%	3.75%
LI	C	1.43%	3.2%	1.43%
PDD	C	10.12%	9.1%	9.1%
TCOM	A	7.46%	4.73%	4.73%

CGRO Overweight 6 Positions Relative to CHIQ

Symbol	Grade	Weight
BEKE	A	4.86%
YMM	B	3.1%
TME	D	2.65%
BIDU	F	2.23%
BILI	A	0.89%
NTES	F	0.37%

CGRO Underweight 6 Positions Relative to CHIQ

Symbol	Grade	Weight
YUMC	A	-3.22%
HTHT	B	-1.94%
XPEV	B	-1.7%
NIO	D	-1.61%
VIPS	B	-1.44%
TAL	A	-1.39%