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
97.4 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) | $97 |
| 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 | 12.0 % |
| RELIANCE INDUSTRIES LTD | 4.9 % |
| SAMSUNG ELECTRONICS CO LTD | 4.4 % |
| HDFC BANK LIMITED | 3.4 % |
| ICICI BANK LTD | 2.2 % |
| AL RAJHI BANK | 2.2 % |
| INFOSYS TECHNOLOGIES LTD | 1.6 % |
| HYNIX SEMICONDUCTOR INC | 1.4 % |
| HON HAI PRECISION INDUSTRY | 1.3 % |
| MEDIATEK INC | 1.2 % |
Constituent Breakdown
| Number of holdings | 263 |
| Herfindahl-Hirschman Index | 307 |
| Wgt avg mkt cap (mns) | $196,910 |
| Large cap (>$10bn) | 92.1% |
| Mid cap ($2-10bn) | 6.6% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 0.5% |
| Emerging mkts. | 99.5% |
Country Exposure
 |
INDIA | 34.9 % |
 |
TAIWAN | 22.6 % |
 |
SOUTH KOREA | 12.1 % |
 |
SAUDI ARABIA | 8.0 % |
 |
BRAZIL | 5.3 % |
 |
SOUTH AFRICA | 3.6 % |
 |
MEXICO | 2.5 % |
 |
INDONESIA | 2.4 % |
 |
THAILAND | 2.2 % |
 |
UAE | 1.8 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 2.0% | 7.6% | -- | -- | -- | -- | 10.7% | Volatility | 14.4% | 14.4% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.80 | 60% |
| MSCI EAFE | 0.67 | 56% |
| MSCI Emg Mkts | 0.83 | 74% |
Liquidity Measures
| Avg. volume (000) | 20 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.41% |
| ADV of underlying (mns) | $12,475 |
Technical Indicators
| Recent close | $27.84 |
| 30d moving avg. | $29.01 |
| Annualized volatility | 12.5% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 2.2% |
| 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. STXE |
Expenses vs. STXE |
ALTAR Score™ vs. STXE |
|---|---|---|---|---|
| EMXC | iShares MSCI Emerging Markets ex China ETF | 73.2% | -7 bp | -0.4% |
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 62.5% | -8 bp | +2.5% |
| XC | WisdomTree Emerging Markets Ex-China Fund | 60.0% | 0 bp | -1.2% |
| XCNY | SPDR S&P Emerging Markets ex-China ETF | 58.7% | -17 bp | -1.0% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 58.1% | -17 bp | +3.9% |
| XCEM | Columbia EM Core ex-China ETF | 55.6% | -16 bp | +0.8% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 54.9% | -2 bp | +0.3% |
| EEM | iShares MSCI Emerging Markets ETF | 54.6% | +37 bp | -0.2% |
| ECON | Columbia Emerging Markets Consumer ETF | 53.5% | +17 bp | +0.2% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 53.2% | +17 bp | -0.6% |
Risk and Returns: STXE 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 12/20/2024
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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
STXE
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™
STXE
7.1%
Cat. Avg
7.9%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.9% and a standard deviation of
4.2%. STXE's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places STXE in the 43rd 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 |
| STXE (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) |
|
|---|---|---|---|
| STXE | 32.0 | 41.4 | 73.4 |
| Peer Avg. | 47.6 | 37.7 | 85.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .