EMQQ vs. ECNS ETF Comparison

Comparison of Emerging Markets Internet and Ecommerce ETF (The) (EMQQ) to iShares MSCI China Small-Cap ETF (ECNS)

EMQQ

Emerging Markets Internet and Ecommerce ETF (The)

EMQQ Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of EMQQ The Emerging Markets Internet & Ecommerce IndexTM (the "Index"). The fund will normally invest at least 80% of its total assets in securities of the index or in depositary receipts representing securities of the index. The index is designed to measure the performance of an investable universe of publicly-traded, emerging market internet and ecommerce companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.27

Average Daily Volume

53,501

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ECNS

iShares MSCI China Small-Cap ETF

ECNS Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI China Small Cap Index. The fund will at all times invest at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The underlying index is a free float-adjusted market capitalization-weighted index designed to measure the performance of equity securities in the bottom 14% by market capitalization of the Chinese equity securities markets, as represented by the H-Shares and B-Shares markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.53

Average Daily Volume

14,220

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EMQQ	ECNS
30 Days	7.56%	7.77%
60 Days	13.63%	8.10%
90 Days	16.29%	15.97%
12 Months	17.67%	-17.05%

7 Overlapping Holdings

Symbol	Grade	Weight in EMQQ	Weight in ECNS	Overlap
DADA	F	0.05%	0.13%	0.05%
FINV	B	0.07%	0.6%	0.07%
HUYA	B	0.04%	0.37%	0.04%
MOMO	C	0.09%	0.78%	0.09%
TIGR	D	0.06%	0.29%	0.06%
TME	B	0.82%	0.0%	0.0%
VNET	C	0.02%	0.16%	0.02%

EMQQ Overweight 30 Positions Relative to ECNS

Symbol	Grade	Weight
BABA	C	7.68%
MELI	B	6.56%
PDD	B	6.39%
SE	B	3.35%
BIDU	C	3.02%
TCOM	A	2.87%
CPNG	B	2.73%
NU	C	2.7%
BEKE	B	1.14%
YMM	B	0.8%
XP	D	0.74%
GRAB	B	0.7%
BZ	B	0.67%
YNDX	C	0.65%
FUTU	B	0.58%
VIPS	D	0.56%
STNE	C	0.41%
MMYT	B	0.41%
BILI	B	0.34%
FRSH	F	0.3%
QFIN	A	0.27%
PAGS	D	0.26%
IQ	C	0.24%
DLO	F	0.11%
KC	C	0.08%
DESP	B	0.07%
JMIA	C	0.05%
VTEX	D	0.04%
AFYA	D	0.04%
YALA	F	0.04%

EMQQ Underweight 11 Positions Relative to ECNS

Symbol	Grade	Weight
YY	C	-1.16%
RLX	B	-1.04%
GDS	D	-0.99%
JKS	C	-0.98%
LU	B	-0.83%
DQ	F	-0.83%
WB	C	-0.66%
NOAH	B	-0.47%
TUYA	C	-0.37%
ZH	F	-0.2%
CAN	F	-0.13%