EWX(EWX)
AI Look-Through Summary
AI GeneratedThe ETF EWX presents a highly fragmented investment profile characterized by an extremely low level of concentration across its top ten holdings, with the largest positions accounting for merely 0.7% each. This distribution suggests that no single security or small group of securities drives the fund's performance, resulting in a portfolio where individual stock selection has negligible impact on overall returns relative to the broader index it likely tracks. The sector weightings further reinforce this dilution effect, as exposure is spread thinly across Industrials and Basic Materials at 0.4% each, with Financial Services, Technology, and Healthcare contributing even smaller fractions of less than a percent combined. Such minimal allocation indicates that these sectors serve more as representative samples rather than targeted thematic bets within the fund's construction.
Geographically, the available data does not provide specific country-level breakdowns or regional tilts, leaving the geographic exposure undefined based solely on the provided metrics. Instead, the focus remains firmly on the internal composition of the underlying basket, which appears designed to mirror a broad market index rather than capture specific industry leaders or emerging markets. With an Assets Under Management figure of $0.7 billion, the fund operates at a scale that supports liquidity but does not necessarily imply significant influence over its constituent securities' pricing dynamics. The quantitative structure reveals a vehicle where diversification is achieved through sheer breadth and low weighting per asset, effectively neutralizing idiosyncratic risks associated with any single holding while potentially limiting upside capture from concentrated outperformers in the represented sectors.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-05-23 16:45:33.372453+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 45/100The investment theme implied by the ticker EWX suggests a focus on emerging markets, yet the provided holdings list consists entirely of numerical identifiers and cryptic tickers like "PAN" or "KTLEV" without any recognizable company names or clear sector affiliations. This lack of transparency makes it impossible to verify if specific companies align with an emerging market narrative, raising questions about whether the fund truly maintains a thematic focus or simply aggregates assets under a broad label. The absence of identifiable mega-cap anchors is notable in this context; rather than indicating a pure small-cap strategy, it highlights a significant data gap where the fundamental nature of the underlying positions remains obscured to potential investors.
Sector analysis reveals an extremely fragmented portfolio with no single industry group exceeding 0.4% weightage, and every major sector sits below typical concentration thresholds for thematic funds. The distribution across Industrials, Materials, Financials, and Technology appears overly diversified relative to a specific growth or value thesis often associated with emerging market exposure, resembling the structure of a broad global index more than a focused strategy. With top-ten holdings contributing only 4.4% to total assets, the fund exhibits minimal concentration risk but also lacks any distinct differentiation from standard benchmark indices due to its diffuse nature. The sector weights are consistent in their lack of dominance rather than coherent with a specific investment theme, suggesting the vehicle may serve as a passive proxy for general market exposure rather than an active thematic play on emerging economies.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-24 07:26:38.855406+00
🏢 Sector Analysis
AI GeneratedThe sector allocation data for EWX presents a distinct departure from traditional equity exposure, revealing an instrument structured primarily as a specialized thematic or niche vehicle rather than a broad market proxy. With Industrials and Basic Materials comprising the largest visible portions at 0.4% each followed by Financial Services at 0.3%, the fund maintains a heavy tilt toward cyclical economic drivers while holding Technology and Healthcare in negligible amounts of 0.2% and 0.1% respectively. This distribution suggests an investment thesis focused on specific industrial or commodity-related themes, potentially targeting emerging markets where such sectors are more prevalent relative to developed economies, yet the absolute weights remain surprisingly low compared to standard sector ETFs which often allocate double-digit percentages to their primary focus areas.
The concentration risk profile is notably muted by the Top-10 holdings representing only 4.3% of the portfolio, indicating a highly diversified structure where no single security or small cluster dominates performance outcomes. This dispersion aligns with the fragmented nature of the sector weights, implying that the fund likely utilizes a broad basket approach to capture a specific regional or thematic exposure rather than concentrating on market leaders within those sectors. The presence of minimal holdings in Utilities and Communication Services further reinforces the idea that this vehicle is not designed for comprehensive income generation or media/telecom overexposure but instead isolates capital into particular industrial value chains.
Ultimately, the data points to a fund constructed with extreme sector specificity rather than balanced diversification across traditional asset classes. The combination of low weights in growth-oriented sectors like Technology and Healthcare alongside modest exposure to cyclical industries suggests an underlying hypothesis that returns will be driven by specific macroeconomic cycles or regional developments affecting these narrower segments. Investors examining this allocation must consider whether the intended thematic focus is sufficiently broad enough to withstand sector rotation, given that even the largest allocations represent a fraction of typical industry benchmarks.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-23 06:05:11.897549+00
Flow Driver Analysis
2-Step CircleWhich larger ETFs share EWX's holdings — and mechanically drive its price through index rebalancing flows?
Approximately 40% of EWX's weight flows through these larger ETFs
| Driver ETF | AUM | Expense | Shared Stocks | Weight Overlap |
|---|---|---|---|---|
| SPEMSPEM | $16B | — | 1073 | 39.6% |
40% of EWX's portfolio by weight is also held by SPEM, which commands 23× more assets under management. When SPEM receives inflows, it mechanically buys these shared stocks — dragging EWX's NAV along regardless of any thematic or sector catalyst.
Overlap computed from constituent-level holdings data across 1 ETFs. Price co-movement with driver ETFs is structural, not coincidental. Not investment advice.
ETF Look-Through Dashboard
Replaces $249/yr MorningstarPeer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.
Weighted metrics calculated based on 1% of fund assets with available data.
Herfindahl-Hirschman Concentration Index
Morningstar-Style Box
Sector & Cap Explorer
Earnings vs. Price Decomposition
ProprietaryEWX is up 30.2% over the last 12 months. The underlying weighted earnings growth of its constituents is -12.6%. The remaining +42.8% 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 1% of fund weight with earnings data. Not investment advice.
Under the Hood — Top 15 Constituents
| # | Ticker | Company | Weight | P/E | F-Score |
|---|---|---|---|---|---|
| 1 | 6515 | WINWAY TECHNOLOGY CO LTD | 0.71% | — | — |
| 2 | 2337 | MACRONIX INTERNATIONAL CO | 0.66% | — | — |
| 3 | 3081 | LAND MARK OPTOELECTRONICS | 0.53% | — | — |
| 4 | 3105 | WIN SEMICONDUCTORS CORP | 0.48% | — | — |
| 5 | 3189 | KINSUS INTERCONNECT TECH | 0.44% | — | — |
| 6 | 6147 | CHIPBOND TECHNOLOGY CORP | 0.35% | — | — |
| 7 | 5289 | INNODISK CORP | 0.33% | — | — |
| 8 | 3260 | A DATA TECHNOLOGY CO LTD | 0.31% | — | — |
| 9 | 7750 | SYNTEC TECHNOLOGY CO LTD | 0.30% | — | — |
| 10 | 8358 | CO TECH DEVELOPMENT CORP | 0.29% | — | — |
| 11 | 6531 | AP MEMORY TECHNOLOGY CORP | 0.29% | — | — |
| 12 | PAN | PAN AFRICAN RESOURCES PLC | 0.29% | — | — |
| 13 | 3491 | UNIVERSAL MICROWAVE TECH | 0.28% | — | — |
| 14 | 6285 | WNC CORP | 0.26% | — | — |
| 15 | KTLEV | KATILIMEVIM TASARRUF FINANSM | 0.25% | — | — |
Historical Holdings Snapshots
Browse how EWX’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-05-24
15 holdings · 5.8% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 6515 | 0.71% | 17,000 | — |
| 2 | 2337 | 0.66% | 1,069,000 | — |
| 3 | 3081 | 0.53% | 47,514 | — |
| 4 | 3105 | 0.48% | 226,000 | — |
| 5 | 3189 | 0.44% | 183,222 | — |
| 6 | 6147 | 0.35% | 355,000 | — |
| 7 | 5289 | 0.33% | 44,442 | — |
| 8 | 3260 | 0.31% | 170,961 | — |
| 9 | 7750 | 0.30% | 28,148 | — |
| 10 | 8358 | 0.29% | 135,079 | — |
| 11 | 6531 | 0.29% | 75,324 | — |
| 12 | PAN | 0.29% | 1,129,246 | — |
| 13 | 3491 | 0.28% | 34,732 | — |
| 14 | 6285 | 0.26% | 209,344 | — |
| 15 | KTLEV | 0.25% | 728,980 | — |
2026-05-23
15 holdings · 5.8% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 6515 | 0.71% | 17,000 | — |
| 2 | 2337 | 0.66% | 1,069,000 | — |
| 3 | 3081 | 0.53% | 47,514 | — |
| 4 | 3105 | 0.48% | 226,000 | — |
| 5 | 3189 | 0.44% | 183,222 | — |
| 6 | 6147 | 0.35% | 355,000 | — |
| 7 | 5289 | 0.33% | 44,442 | — |
| 8 | 3260 | 0.31% | 170,961 | — |
| 9 | 7750 | 0.30% | 28,148 | — |
| 10 | 8358 | 0.29% | 135,079 | — |
| 11 | 6531 | 0.29% | 75,324 | — |
| 12 | PAN | 0.29% | 1,129,246 | — |
| 13 | 3491 | 0.28% | 34,732 | — |
| 14 | 6285 | 0.26% | 209,344 | — |
| 15 | KTLEV | 0.25% | 728,980 | — |
2026-05-22
15 holdings · 5.7% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 6515 | 0.68% | 17,000 | — |
| 2 | 2337 | 0.66% | 1,069,000 | — |
| 3 | 3081 | 0.54% | 47,514 | — |
| 4 | 3105 | 0.44% | 226,000 | — |
| 5 | 3189 | 0.40% | 183,222 | — |
| 6 | 6147 | 0.34% | 355,000 | — |
| 7 | 5289 | 0.33% | 44,442 | — |
| 8 | 6531 | 0.32% | 75,324 | — |
| 9 | 7750 | 0.31% | 28,148 | — |
| 10 | 3260 | 0.30% | 170,961 | — |
| 11 | PAN | 0.29% | 1,129,246 | — |
| 12 | 8358 | 0.27% | 135,079 | — |
| 13 | KTLEV | 0.27% | 728,980 | — |
| 14 | 3491 | 0.27% | 34,732 | — |
| 15 | 6285 | 0.26% | 209,344 | — |
2026-05-21
15 holdings · 5.7% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 6515 | 0.71% | 17,000 | — |
| 2 | 2337 | 0.68% | 1,069,000 | — |
| 3 | 3081 | 0.52% | 47,514 | — |
| 4 | 3105 | 0.45% | 226,000 | — |
| 5 | 3189 | 0.41% | 183,222 | — |
| 6 | 6531 | 0.34% | 75,324 | — |
| 7 | 5289 | 0.34% | 44,442 | — |
| 8 | 6147 | 0.32% | 355,000 | — |
| 9 | 3260 | 0.29% | 170,961 | — |
| 10 | 7750 | 0.29% | 28,148 | — |
| 11 | KTLEV | 0.29% | 728,980 | — |
| 12 | PAN | 0.28% | 1,129,246 | — |
| 13 | 3491 | 0.27% | 34,732 | — |
| 14 | 6285 | 0.27% | 209,344 | — |
| 15 | 8358 | 0.25% | 135,079 | — |
2026-05-20
15 holdings · 6.0% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 6515 | 0.76% | 17,000 | — |
| 2 | 2337 | 0.75% | 1,069,000 | — |
| 3 | 3081 | 0.56% | 47,514 | — |
| 4 | 3105 | 0.45% | 226,000 | — |
| 5 | 3189 | 0.41% | 183,222 | — |
| 6 | 6531 | 0.37% | 75,324 | — |
| 7 | 5289 | 0.36% | 44,442 | — |
| 8 | 6147 | 0.32% | 355,000 | — |
| 9 | 7750 | 0.31% | 28,148 | — |
| 10 | 3260 | 0.31% | 170,961 | — |
| 11 | PAN | 0.29% | 1,129,246 | — |
| 12 | KTLEV | 0.28% | 728,980 | — |
| 13 | 3491 | 0.28% | 34,732 | — |
| 14 | 6285 | 0.26% | 209,344 | — |
| 15 | 8358 | 0.25% | 135,079 | — |
2026-05-19
15 holdings · 5.8% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 2337 | 0.76% | 1,069,000 | — |
| 2 | 6515 | 0.73% | 17,000 | — |
| 3 | 3081 | 0.55% | 47,514 | — |
| 4 | 3105 | 0.45% | 226,000 | — |
| 5 | 3189 | 0.39% | 183,222 | — |
| 6 | 6531 | 0.36% | 75,324 | — |
| 7 | 5289 | 0.34% | 44,442 | — |
| 8 | 6147 | 0.32% | 355,000 | — |
| 9 | 3260 | 0.32% | 170,961 | — |
| 10 | 7750 | 0.31% | 28,148 | — |
| 11 | PAN | 0.29% | 1,129,246 | — |
| 12 | KTLEV | 0.28% | 728,980 | — |
| 13 | 3491 | 0.26% | 34,732 | — |
| 14 | 6257 | 0.25% | 260,144 | — |
| 15 | 3264 | 0.24% | 242,083 | — |
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
What Drove EWX Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
Technical Setup
AI GeneratedThe current trading price of $72.23 for EWX establishes a specific point within its recent volatility range, offering context for assessing potential mean-reversion dynamics relative to the Simple Moving Average envelope. Without explicit upper or lower band values provided in this snapshot, the precise degree of deviation from the long-term trend line remains undefined; however, such pricing action typically invites analysis regarding whether the asset is trading at a premium above its historical average or approaching support levels defined by recent lows. In technical frameworks utilizing envelopes like Bollinger Bands, price proximity to the outer bands often signals increased volatility and potential exhaustion in the current directional move, whereas positioning near the center line suggests consolidation around the mean trend. The absence of additional volume data or momentum indicators limits a complete picture of market sentiment, but the standalone price level serves as a critical reference point for evaluating relative value. If $72.23 represents a significant distance from the moving average, it may imply that statistical probability favors a return toward equilibrium over time, assuming no fundamental shifts alter the underlying trend structure. Conversely, if this figure aligns closely with recent averages, the asset might be in a state of sustained balance rather than exhibiting clear signs of overheating or undervaluation. Traders monitoring such setups often watch for price interactions with these statistical boundaries to gauge whether corrective movements are likely before any significant breakout occurs.
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 EWX’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: 2026-06-02.
SecuritiesDB is for informational purposes only. Not investment advice.