EWH(EWH)
AI Look-Through Summary
AI GeneratedThe portfolio's sector allocation is heavily skewed towards Other, which suggests a diversified mix of industries beyond traditional sectors like Technology or Finance. This is consistent with the fund's geographic focus, as the top holdings are all Hong Kong-listed stocks. The weighted P/E and P/B ratios indicate that the portfolio has a relatively moderate valuation posture, with a price-to-earnings multiple slightly above the market average but still within reasonable bounds.
The concentration risk in EWH is elevated due to its top holding, 1299.HK, which accounts for nearly one-quarter of the fund's assets. The sector mix also diverges from the broader market, with a significant overweight in Hong Kong-listed stocks and an underweight in traditional sectors like Technology or Finance. A favorable macro environment for this portfolio would likely be a strong Chinese economy, driven by domestic consumption and investment growth. Conversely, a decline in global trade or a weakening of the Chinese yuan could present challenges for the fund's performance.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-06-12 09:57:35.56088+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 65/100The investment theme implied by the ticker EWH, which typically denotes exposure to Chinese equities or specific regional sectors, shows a strong nominal alignment with its top holdings given that all listed companies are incorporated in Hong Kong. However, the portfolio exhibits signs of heavy reliance on mega-cap stocks rather than maintaining a purely thematic focus across smaller or mid-sized enterprises within the intended sector. The single largest position accounts for nearly one-quarter of the total assets, while the top ten positions collectively represent over seventy percent of the fund's value, suggesting that broad market leaders are being used to anchor returns more so than niche thematic exposure. This concentration in a few dominant names may indicate an underlying strategy focused on large-cap stability rather than deep diversification within a specific industry vertical or sub-sector often associated with such regional themes.
Sector coherence appears consistent with the geographic nature of the holdings, as every major position is domiciled in Hong Kong and likely operates within industries prevalent to that market, though specific sector breakdowns are not provided for verification. The high degree of concentration creates a distinct profile compared to broad global indices but introduces significant idiosyncratic risk tied to the performance of these few giants rather than diversified industry trends. While the fund avoids holding assets unrelated to its geographic mandate, the lack of diversification beyond the largest entities means that sector-specific downturns or regulatory shifts affecting top-tier firms will have an outsized impact on overall portfolio volatility. The structure suggests a vehicle designed for investors seeking concentrated exposure to established market leaders in Hong Kong rather than a broadly diversified representation of all sectors within the region.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-18 15:22:51.863753+00
ETF Look-Through Dashboard
Peer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.
Weighted metrics calculated based on 95% of fund assets with available data.
Herfindahl-Hirschman Concentration Index
Morningstar-Style Box
Sector & Cap Explorer
ETF Fundamental Radar
Operational health is mixed, with the bulk of weight in the mid-range (4–6) Piotroski scores.
Piotroski F-Score (Operational Health)
Score 0-9: Measures Profitability, Leverage, and Efficiency
Based on 60% of fund weight with Piotroski data.
Computed by rolling up individual stock Piotroski F-Scores, Altman Z-Scores, and Beneish M-Scores weighted by each constituent's allocation.
Dividend Safety True-Up
DeterministicThe dividend-paying companies inside EWH collectively pay out 52% of their Free Cash Flow to maintain the current yield. This is a sustainable payout level with moderate room for dividend growth. Based on 49% of fund weight in dividend-paying stocks.
FCF Payout Ratio = Dividends Paid / Free Cash Flow, weighted by constituent allocation. Not investment advice.
Earnings vs. Price Decomposition
ProprietaryEWH is up 15.8% over the last 12 months. The underlying weighted earnings growth of its constituents is -16.1%. The remaining +31.8% of performance is driven by multiple expansion (P/E inflation) — prices rose faster than earnings grew.
Earnings growth = weighted average YoY EPS growth of all constituents (capped at ±500% to limit outlier distortion). Based on 60% of fund weight with earnings data. Not investment advice.
Value Creation Map
ROIC vs WACCWhat percentage of EWH's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?
Of EWH's analyzed weight, 0% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 100% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.
ROIC-WACC spread for 37% of fund weight with available data. Not investment advice.
Concentration Risk Monitor
CRITICAL1299.HK at 22.0% has captured EWH's portfolio. The top 3 holdings (43%) dominate the fund's variance — the remaining 7 stocks provide minimal diversification.EWH effectively behaves like a 12-stock portfolio, not a 10-stock one.
Effective # of Stocks = 1 / HHI (Herfindahl-Hirschman Index). Variance share approximated as w² / Σw². Not investment advice.
Passive Crowding Score
LOWHow much of each constituent's market cap is structurally locked in passive ETFs — a proxy for liquidity fragility during sell-offs.
EWH has a low Passive Crowding Score of 0/100. On average, 0.0% of the market capitalization of EWH's underlying holdings is structurally locked in passive ETF vehicles. This indicates relatively low passive crowding — the underlying stocks have ample active-market liquidity to absorb ETF-driven flows without significant price distortion.
Passive $ = Σ(ETF AUM × holding weight) across all 1 tracked ETFs. Actual passive ownership is higher (includes mutual funds, pension funds). Not investment advice.
Under the Hood — Top 10 Constituents
| # | Ticker | Company | Weight | P/E | F-Score |
|---|---|---|---|---|---|
| 1 | 1299.HK | AIA Group Ltd | 22.00% | 18.4x | 6/9 |
| 2 | 0388.HK | Hong Kong Exchanges and Clearing Ltd | 14.99% | 27.3x | 5/9 |
| 3 | 0001.HK | CK Hutchison Holdings Ltd | 6.00% | 19.1x | — |
| 4 | 2388.HK | BOC Hong Kong Holdings Ltd | 4.69% | 10.6x | 3/9 |
| 5 | 0669.HK | Techtronic Industries Co Ltd | 4.54% | 20.0x | 9/9 |
| 6 | 0016.HK | Sun Hung Kai Properties Ltd | 4.46% | 16.9x | — |
| 7 | 0002.HK | CLP Holdings Ltd | 4.28% | 17.6x | 5/9 |
| 8 | 0823.HK | Link Real Estate Investment Trust | 3.65% | — | — |
| 9 | 1113.HK | CK Asset Holdings Ltd | 3.03% | 14.1x | 4/9 |
| 10 | 0006.HK | Power Assets Holdings Ltd | 2.93% | 20.9x | 5/9 |
Historical Holdings Snapshots
Browse how EWH’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-06-12
10 holdings · 70.6% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 1299.HK | 22.00% | — | — |
| 2 | 0388.HK | 14.99% | — | — |
| 3 | 0001.HK | 6.00% | — | — |
| 4 | 2388.HK | 4.69% | — | — |
| 5 | 0669.HK | 4.54% | — | — |
| 6 | 0016.HK | 4.46% | — | — |
| 7 | 0002.HK | 4.28% | — | — |
| 8 | 0823.HK | 3.65% | — | — |
| 9 | 1113.HK | 3.03% | — | — |
| 10 | 0006.HK | 2.93% | — | — |
2026-05-24
10 holdings · 70.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 1299.HK | 23.32% | — | — |
| 2 | 0388.HK | 14.83% | — | — |
| 3 | 0001.HK | 5.47% | — | — |
| 4 | 2388.HK | 4.65% | — | — |
| 5 | 0016.HK | 4.55% | — | — |
| 6 | 0669.HK | 4.11% | — | — |
| 7 | 0002.HK | 3.95% | — | — |
| 8 | 0823.HK | 3.35% | — | — |
| 9 | 1113.HK | 3.09% | — | — |
| 10 | 0006.HK | 2.96% | — | — |
2026-05-23
10 holdings · 70.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 1299.HK | 23.32% | — | — |
| 2 | 0388.HK | 14.83% | — | — |
| 3 | 0001.HK | 5.47% | — | — |
| 4 | 2388.HK | 4.65% | — | — |
| 5 | 0016.HK | 4.55% | — | — |
| 6 | 0669.HK | 4.11% | — | — |
| 7 | 0002.HK | 3.95% | — | — |
| 8 | 0823.HK | 3.35% | — | — |
| 9 | 1113.HK | 3.09% | — | — |
| 10 | 0006.HK | 2.96% | — | — |
2026-05-22
10 holdings · 70.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 1299.HK | 23.32% | — | — |
| 2 | 0388.HK | 14.83% | — | — |
| 3 | 0001.HK | 5.47% | — | — |
| 4 | 2388.HK | 4.65% | — | — |
| 5 | 0016.HK | 4.55% | — | — |
| 6 | 0669.HK | 4.11% | — | — |
| 7 | 0002.HK | 3.95% | — | — |
| 8 | 0823.HK | 3.35% | — | — |
| 9 | 1113.HK | 3.09% | — | — |
| 10 | 0006.HK | 2.96% | — | — |
2026-05-21
10 holdings · 70.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 1299.HK | 23.32% | — | — |
| 2 | 0388.HK | 14.83% | — | — |
| 3 | 0001.HK | 5.47% | — | — |
| 4 | 2388.HK | 4.65% | — | — |
| 5 | 0016.HK | 4.55% | — | — |
| 6 | 0669.HK | 4.11% | — | — |
| 7 | 0002.HK | 3.95% | — | — |
| 8 | 0823.HK | 3.35% | — | — |
| 9 | 1113.HK | 3.09% | — | — |
| 10 | 0006.HK | 2.96% | — | — |
2026-05-20
10 holdings · 70.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 1299.HK | 23.32% | — | — |
| 2 | 0388.HK | 14.83% | — | — |
| 3 | 0001.HK | 5.47% | — | — |
| 4 | 2388.HK | 4.65% | — | — |
| 5 | 0016.HK | 4.55% | — | — |
| 6 | 0669.HK | 4.11% | — | — |
| 7 | 0002.HK | 3.95% | — | — |
| 8 | 0823.HK | 3.35% | — | — |
| 9 | 1113.HK | 3.09% | — | — |
| 10 | 0006.HK | 2.96% | — | — |
Source: SEC filings and fund provider disclosures. Shows last 6 snapshot dates, top 15 holdings per date by weight.
Risk Profile
Sharpe = risk-adjusted return (higher is better). Computed from 1,200+ trading days with 5% risk-free rate.
Price Chart with Moving Averages
Technical Setup
AI GeneratedThe current price of EWH at $23.88 stands as a singular data point without the necessary context of moving averages to definitively establish whether the asset is trading above or below its recent trend lines. In the absence of specific average values, it remains impossible to determine if short-term momentum is bullish or bearish based on price position relative to these indicators. Similarly, while Relative Strength Index (RSI) readings are critical for gauging overbought or oversold conditions and assessing immediate velocity, no RSI value has been provided in the input data. Consequently, any attempt to synthesize a trend direction or momentum state would rely entirely on speculation rather than factual technical evidence derived from the supplied figures. Technical analysis relies heavily on comparative metrics such as the relationship between spot price and exponential moving averages, alongside oscillator readings like RSI to confirm market sentiment. Without these specific inputs, the chart presents an incomplete picture where traditional signals for trend confirmation or momentum exhaustion cannot be calculated. The isolated price figure of $23.88 offers no insight into whether buyers are currently in control driving prices higher or if sellers are dominating and pushing values down relative to recent history. Ultimately, a robust technical assessment requires a full suite of indicators including defined moving average levels and current RSI percentages. Until such data is available, the market structure for EWH cannot be characterized regarding trend strength or short-term momentum direction through standard analytical frameworks. The provided information restricts observation to a static price level
Underwater (Drawdown from Peak)
How far below the all-time high the price has been over time. Deeper = more pain for holders.
Rolling 60-Day Beta vs S&P 500 (VOO)
How the ETF's sensitivity to market moves changes over time. β > 1 = more volatile than the market.
Yield & Income
Sector Drift Over Time
How EWH’s sector allocation has shifted across snapshots. Use the slider to travel through time.
Active Conviction Tracker
Shares bought and sold between the latest two data snapshots — reveals what the fund manager is actually doing.
Explore More
Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-11.
SecuritiesDB is for informational purposes only. Not investment advice.