ADIV
SmartETFs Asia Pacific Dividend Builder ETF
ADIV actively invests in Asia Pacific companies expected to have an increase in dividends over time.
Global
EQUITY
Active
MANAGEMENT STYLE
7.9 M
ASSETS UNDER MGMT
78 bp
EXPENSES
Fund Basics
| Fund sponsor | Guinness Atkinson Asset Management |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 30, 2012 |
| Assets (mns) | $8 |
| Expense ratio | 78 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CHINA MERCHANTS BANK - H | 3.8 % |
| IND & COMM BK OF CHINA - H | 3.5 % |
| PING AN INSURANCE GROUP CO-H | 3.4 % |
| DBS GROUP HOLDINGS LTD | 3.2 % |
| CHINA CONSTRUCTION BANK-H | 3.2 % |
| NETEASE.COM INC-ADR | 3.2 % |
| BOC HONG KONG HOLDINGS LTD | 3.1 % |
| CORPORATE TRAVEL MANAGEMENT | 2.9 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 2.8 % |
| AFLAC INC | 2.8 % |
Constituent Breakdown
| Number of holdings | 38 |
| Herfindahl-Hirschman Index | 272 |
| Wgt avg mkt cap (mns) | $86,701 |
| Large cap (>$10bn) | 60.7% |
| Mid cap ($2-10bn) | 31.0% |
| Small cap (<$2bn) | 8.3% |
| Developed mkts. | 38.3% |
| Emerging mkts. | 61.7% |
Country Exposure
 |
CHINA | 27.6 % |
 |
TAIWAN | 17.6 % |
 |
HONG KONG | 13.6 % |
 |
AUSTRALIA | 10.1 % |
 |
SINGAPORE | 8.2 % |
 |
UNITED STATES | 8.1 % |
 |
MALAYSIA | 2.8 % |
 |
SOUTH KOREA | 2.8 % |
 |
THAILAND | 2.6 % |
 |
INDIA | 2.5 % |
Historical Performance
Standardized Performance (as of 02/28/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 2.4% | 12.9% | 9.9% | 2.3% | -- | -- | 1.3% | Volatility | 12.5% | 16.7% | 15.6% | 17.3% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.59 | 31% |
| MSCI EAFE | 0.79 | 57% |
| MSCI Emg Mkts | 0.99 | 90% |
Liquidity Measures
| Avg. volume (000) | 7 |
| Turnover | 1.4% |
| Avg. Bid/Ask (% of price) | 0.47% |
| ADV of underlying (mns) | $10,281 |
Technical Indicators
| Recent close | $15.52 |
| 30d moving avg. | $15.81 |
| Annualized volatility | 18.2% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 1.6% |
| 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. ADIV |
Expenses vs. ADIV |
ALTAR Score™ vs. ADIV |
|---|---|---|---|---|
| FXI | iShares China Large-Cap ETF | 12.2% | -4 bp | +8.6% |
| PXH | Invesco FTSE RAFI Emerging Markets ETF | 11.7% | -29 bp | +7.1% |
| EVLU | iShares MSCI Emerging Markets Value Factor ETF | 11.4% | -43 bp | +12.0% |
| FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 11.2% | -39 bp | +7.3% |
| ASEA | Global X FTSE Southeast Asia ETF | 10.2% | -13 bp | -2.7% |
| AIA | iShares Asia 50 ETF | 10.1% | -28 bp | +5.1% |
Risk and Returns: ADIV 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 | 2025E | 2026E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2024 | 2025E | Fwd Est | 2026E | |
| 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 4/2/2025
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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
ADIV
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
ADIV
9.6%
Cat. Avg
4.6%
ALTAR Score™ Calculation
Category Overview
There are 363 funds in the Global Equity category, with an average ALTAR Score™
of 4.6% and a standard deviation of
4.0%. ADIV's ALTAR Score™ is approximately
1.3 standard deviations
above
the category average. This places ADIV in the 90th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ADIVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| ADIV (78 bp) Percentile rank | 59 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ADIV | 78.0 | 47.3 | 125.3 |
| Peer Avg. | 62.6 | 26.2 | 88.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .