CN
Xtrackers MSCI All China Equity ETF

Price: $40.52
Change: $0.41 (0.01%)
Category: China Equities
Last Updated:

Vitals

Issuer Deutsche Bank
Brand Xtrackers
Structure ETF
Expense Ratio 0.50%
ETF Home Page Home page
Inception Apr 30, 2014
Index Tracked MSCI China All Shares

Analyst Report

The Xtrackers MSCI All China Equity Fund (CN) tracks an index of Chinese equities listed in mainland China as well as in Hong Kong, the U.S. and Singapore. What sets CN apart from other All China ETFs is that it buys mainland China stocks, called A-shares, as well as securities of Chinese companies that are incorporated or listed outside of China.


CN’s portfolio includes companies incorporated in the People’s Republic of China but listed in Hong Kong, known as H-shares, as well as those listed for trading on foreign markets, known as B-shares. CN also invests in so-called Red Chips — securities issued by companies outside of China but which are controlled, directly or indirectly, by the Chinese government — as well as P-chips, which are issued by companies incorporated outside of China but are controlled by individuals within China. CN also includes securities like ADRs that may be listed on U.S. markets. The fund gets its A-shares exposure by buying its sister funds: the Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) — the first and largest A-shares ETF— and the Xtrackers Harvest CSI 500 China A-Shares Small Cap (ASHS).


With the 2013 launch of ASHR, DWS Group became the first to offer a U.S.-listed ETF that invested in the coveted A-shares market, and the firm has a long track record in the region. CN is competitively priced — it’s actually a little bit cheaper than the iShares MSCI China ETF (MCHI), the dominant China-focused ETF. But CN has not been able to match the assets and liquidity of larger rivals like MCHI or the SPDR S&P China ETF (GXC).

ETF Database Themes

Category China Equities
Asset Class Equity
Asset Class Size Large-Cap
Asset Class Style Blend
Region (General) Emerging Asia Pacific
Region (Specific) China

FactSet Classifications

  • Segment Equity: China - Total Market
  • Category Size and Style
  • Focus Total Market
  • Niche Broad-based
  • Strategy Vanilla
  • Weighting Scheme Market Cap

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $38.56
  • 52 Week Hi $53.32
  • AUM $30.6 M
  • Shares 0.8 M

Historical Trading Data

  • 1 Month Avg. Volume 2,171
  • 3 Month Avg. Volume 1,798

Alternative ETFs in the ETF Database China Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest FLCH 0.19% $129.3 M 40,697 -16.29%
Largest (AUM) KWEB 0.76% $7.1 B 11 M -37.36%
Most Liquid (Volume) FXI 0.74% $4.8 B 24 M -16.18%
Top YTD Performer CHIE 0.66% $4.5 M 6,482 52.42%

Alternative ETFs in the FactSet Equity: China - Total Market Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest FLCH 0.19% $129.3 M 40,697 -16.29%
Largest (AUM) MCHI 0.59% $6.1 B 4 M -16.39%
Most Liquid (Volume) MCHI 0.59% $6.1 B 4 M -16.39%
Top YTD Performer FCA 0.80% $10.9 M 10,652 7.40%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

CN ETF Database Category Average FactSet Segment Average
Number of Holdings 260 201 308
% of Assets in Top 10 70.48% 45.02% 39.57%
% of Assets in Top 15 74.80% 55.09% 47.95%
% of Assets in Top 50 86.58% 81.88% 73.80%

Size Comparison

CN ETF Database Category Average FactSet Segment Average
Large (>12.9B) 74.76% 69.15% 71.37%
Mid (>2.7B) 23.11% 27.30% 25.15%
Small (>600M) 2.12% 3.44% 3.28%
Micro (<600M) 0.01% 0.12% 0.20%

CN Valuation

This section compares the P/E ratio of this ETF to its peers.

CN
P/E Ratio
16.66
ETF Database Category Average
P/E Ratio
24.67
FactSet Segment Average
P/E Ratio
22.93

CN Dividend

This section compares the dividend yield of this ETF to its peers.

CN ETF Database Category Average FactSet Segment Average
Dividend $ 0.35 $ 0.20 $ 0.25
Dividend Date 2020-12-18 N/A N/A
Annual Dividend Rate $ 0.35 $ 0.36 $ 0.40
Annual Dividend Yield 0.87% 1.14% 0.98%

CN Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 0 6 Month Net Flows: 2.26 M 1 Year Net Flows: 7.09 M 3 Year Net Flows: 11.06 M 5 Year Net Flows: 38.13 M 10 Year Net Flows: 38.76 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for CN on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the China Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity C+ n/a
Expenses B n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

CN Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

CN
Expense Ratio
0.50%
ETF Database Category Average
Expense Ratio
0.63%
FactSet Segment Average
Expense Ratio
0.62%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores
2.8/10
ESG Score
3.69%
Global Percentile
22.48%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      7.88%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      174.97
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      7.88%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      6.08%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

CN Performance

This section shows how this ETF has performed relative to its peers.

CN ETF Database
Category Average
Factset Segment
Average
1 Month Return -1.28% -0.68% -1.86%
3 Month Return -13.67% -10.86% -12.32%
YTD Return -10.09% -4.94% -6.90%
1 Year Return 3.73% 11.46% 8.59%
3 Year Return 31.61% 31.73% 35.62%
5 Year Return 58.63% 39.62% 41.47%

CN Price and Volume Chart

Geographic Exposure

The following charts reflect the geographic spread of CN's underlying holdings.

Sector Breakdown

Asset Percentage
Exchange Traded Fund (ETF-ETF) 46.92%
Share/Common/Ordinary 43.52%
American Depositary Receipt 9.18%
CASH 0.22%
Other 0.2%
Sector Percentage
Miscellaneous 46.93%
Technology Services 14.37%
Retail Trade 9.36%
Finance 8.96%
Consumer Durables 3.75%
Health Technology 3.64%
Consumer Non-Durables 3.19%
Electronic Technology 2.2%
Consumer Services 1.44%
Utilities 1.4%
Non-Energy Minerals 0.92%
Energy Minerals 0.84%
Transportation 0.76%
Producer Manufacturing 0.67%
Process Industries 0.43%
Industrial Services 0.24%
CASH 0.22%
Other 0.2%
Health Services 0.19%
Commercial Services 0.19%
Communications 0.14%
Market Cap Percentage
Large 74.76%
Mid 23.11%
Small 2.12%
Micro 0.01%
Region Percentage
North, Central and South America 56.66%
Asia Pacific 42.96%
Other 0.42%
Region Percentage
Country Percentage
Other 47.34%
China 47.13%
Hong Kong 5.41%
Singapore 0.13%
Australia 0.03%
Asset Percentage
Exchange Traded Fund (ETF-ETF) 46.92%
Share/Common/Ordinary 43.52%
American Depositary Receipt 9.18%
CASH 0.22%
Other 0.2%

CN Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

5 Day Volatility
150.55%
Rank
12 of 35

20 Day Volatility
22.78%
Rank
26 of 35

50 Day Volatility
28.20%
Rank
24 of 35

200 Day Volatility
23.61%
Rank
24 of 35

Beta
0.65
Rank
19 of 35

Standard Deviation
2.84%
Rank
16 of 32

Technicals

  • 20 Day MA $41.44
  • 60 Day MA $42.23
  • MACD 15 Period -0.78
  • MACD 100 Period -3.06
  • Williams % Range 10 Day 49.13
  • Williams % Range 20 Day 68.62
  • RSI 10 Day 44
  • RSI 20 Day 44
  • RSI 30 Day 44
  • Ultimate Oscillator 45

Bollinger Bands

  • Lower Bollinger (10 Day) $39.36
  • Upper Bollinger (10 Day) $41.84
  • Lower Bollinger (20 Day) $39.40
  • Upper Bollinger (20 Day) $43.46
  • Lower Bollinger (30 Day) $39.27
  • Upper Bollinger (30 Day) $43.12

Support & Resistance

  • Support Level 1 $40.52
  • Support Level 2 $40.52
  • Resistance Level 1 $40.52
  • Resistance Level 2 $40.52

Stochastic

  • Stochastic Oscillator %D (1 Day) 54.16
  • Stochastic Oscillator %D (5 Day) 62.22
  • Stochastic Oscillator %K (1 Day) 52.67
  • Stochastic Oscillator %K (5 Day) 48.48

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

Disclosures

Copyright © 2021 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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