Global X Future Analytics Tech ETF
ALTAR
Score™
4.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
32.5x P/Sales
ratio
3.9x
P/BV
ratio
4.4x Div.
yield
1.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X Future Analytics Tech ETF (AIQ) tracks companies that are likely to benefit from the further development and use of artificial intelligence.

FUND BASICS
Category Global Equities
Fund Sponsor Global X Funds
Website www.globalxfunds.com
Inception date May 11, 2018
Assets (mns) $48
Currency USD
Expense ratio 68 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 85
Wgt avg mkt cap (mns) $254,044
Large cap (>$10bn) 91.8%
Mid cap ($2-10bn) 6.4%
Small cap (<$2bn) 1.6%
Developed mkts 88.7%
Emerging mkts 11.1%

TOP TEN HOLDINGS
MEITUAN DIANPING 4.2 %
NVIDIA CORP 4.2 %
AMAZON.COM INC 3.9 %
NETFLIX INC 3.6 %
ADOBE SYSTEMS INC 3.3 %
MICROSOFT CORP 3.3 %
TENCENT HOLDINGS LTD 3.1 %
FACEBOOK 3.0 %
INTEL CORP 3.0 %
SHOPIFY, INC. CLASS A 2.9 %
Total 34.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 71.0 %
CHINA 11.6 %
CANADA 4.8 %
GERMANY 3.8 %
SOUTH KOREA 3.1 %
IRELAND 1.7 %
SWITZERLAND 0.8 %
SWEDEN 0.7 %
TAIWAN 0.7 %
JAPAN 0.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
8.9% 29.2% -- -- 14.5%

Market Correlations
versus... Beta R-squared
S&P500 1.14 88%
MSCI EAFE 1.14 73%
MSCI Emg. Mkts. 0.87 62%

Technical Indicators
Recent close $20.10
30d moving avg. $18.45
Annualized volatility 24.3%
Short interest (ETF) 0.1%
Relative strength (RSI) 75

Liquidity measures
Avg. volume (thou.) 23
Turnover 1.0%
Bid/Ask (% of price) 0.57%
ADV underlying (mns) $81,496

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Global X Future Analytics Tech ETF ETF based on the alternatives' overlap in portfolio holdings with AIQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AIQ Expense: 68 bp ALTAR Score™: 4.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AIQ
Ticker Fund
Name
Overlap1
vs AIQ
(%)
Expense
ratio
(bp)
Savings
vs AIQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs AIQ
(%)
XNTK SPDR Morgan Stanley Technology ETF 50.6 35 33 4.0 -0.1
TECB iShares US Tech Breakthrough Multisector ETF 46.5 40 28 4.1 -0.0
GDAT Goldman Sachs Motif Data-Driven World Etf 43.6 50 18 5.1 +1.0
IGM iShares North American Tech ETF 38.1 46 22 4.0 -0.1
IYW iShares U.S. Technology ETF 37.8 42 26 4.3 +0.2
JHMT John Hancock Multifactor Technology ETF 36.7 40 28 5.0 +0.9
OGIG O'Shares Global Internet Giants ETF 35.3 48 20 0.5 -3.6
SKYY First Trust Cloud Computing ETF 34.8 60 8 1.9 -2.2
IETC iShares Evolved U.S. Technology ETF 34.2 18 50 4.1 -0.0
PNQI Invesco NASDAQ Internet ETF 30.6 62 6 1.2 -2.9
QYLD Global X NASDAQ 100 Covered Call ETF 29.6 60 8 3.7 -0.4
NUSI Nationwide Risk-Managed Income ETF 28.9 68 0 3.6 -0.5
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 28.9 57 11 5.0 +0.9
MTUM iShares Edge MSCI USA Momentum Factor ETF 28.5 15 53 4.8 +0.7
KOIN Innovation Shares NextGen Protocol ETF 28.5 95 -27 4.3 +0.2
QQQ Invesco QQQ Trust 28.5 20 48 4.1 -0.0
XLK Technology Select Sector SPDR Fund 27.7 13 55 5.0 +0.9
VGT Vanguard Information Technology Index Fund 27.5 10 58 4.8 +0.7
FTEC Fidelity MSCI Information Technology Index ETF 27.3 8 60 4.8 +0.7
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 27.2 12 56 4.8 +0.7
DRIV Global X Autonomous & Electric Vehicles ETF 27.1 68 0 5.8 +1.7
IXN iShares Global Tech ETF 27.1 46 22 4.8 +0.7
JKE iShares Morningstar Large-Cap Growth ETF 26.3 25 43 3.4 -0.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 25.1 60 8 4.5 +0.4
IGV iShares North American Tech-Software ETF 25.1 46 22 2.6 -1.6
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 24.6 21 47 3.2 -0.9
LRGE ClearBridge Large Cap Growth ESG ETF 24.6 60 8 3.9 -0.2
LRNZ TrueMark Technology, AI & Deep Learning ETF 24.5 68 0 0.9 -3.3
BLCN Reality Shares Nasdaq NextGen Economy ETF 24.5 68 0 4.4 +0.2
TTTN UP Fintech China-U.S. Internet Titans ETF 24.0 59 9 5.0 +0.9
IWY iShares Russell Top 200 Growth ETF 23.9 20 48 4.3 +0.2
IWF iShares Russell 1000 Growth ETF 23.6 19 49 4.3 +0.2
VONG Vanguard Russell 1000 Growth Index Fund 23.6 8 60 4.4 +0.3
IRBO iShares Robotics & Artificial Intelligence ETF 23.6 47 21 2.5 -1.6
VEGN US Vegan Climate ETF 23.5 60 8 5.2 +1.1
QTUM Defiance Quantum ETF 23.4 40 28 5.3 +1.2
FDN First Trust Dow Jones Internet Index Fund 23.2 52 16 2.4 -1.7
PWB Invesco Dynamic Large Cap Growth ETF 23.2 55 13 3.5 -0.6
VOOG Vanguard S&P 500 Growth ETF 23.1 10 58 4.4 +0.3
SPYG SPDR Portfolio S&P 500 Growth ETF 23.1 4 64 4.4 +0.3
IVW iShares S&P 500 Growth ETF 23.1 18 50 4.3 +0.2
GVIP Goldman Sachs Hedge Industry VIP ETF 23.0 45 23 5.0 +0.9
CACG ClearBridge All Cap Growth ETF 22.7 54 14 4.4 +0.3
RYT Invesco S&P 500 Equal Weight Technology ETF 22.5 40 28 7.2 +3.1
FXL First Trust Technology AlphaDEX Fund 22.5 61 7 3.3 -0.9
IUSG iShares Core S&P US Growth ETF 22.5 4 64 4.5 +0.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 22.1 75 -7 3.6 -0.5
XLG Invesco S&P 500 Top 50 ETF 22.1 20 48 4.7 +0.5
OEF iShares S&P 100 ETF 21.9 20 48 4.9 +0.8
JOYY Infusive Compounding Global Equities ETF 21.8 50 18 3.9 -0.2
GIGE SoFi Gig Economy ETF 21.5 59 9 -0.6 -4.8
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 21.5 15 53 6.3 +2.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 21.4 49 19 4.1 +0.0
VUG Vanguard Growth Index Fund 21.3 4 64 4.2 +0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 21.2 27 41 5.1 +1.0
SYG SPDR MFS Systematic Growth Equity ETF 21.1 60 8 4.6 +0.5
GBUY Goldman Sachs Motif New Age Consumer ETF 20.9 50 18 2.1 -2.0
MGK Vanguard Mega Cap Growth ETF 20.9 7 61 4.3 +0.2
SCHG Schwab U.S. Large-Cap Growth ETF 20.9 4 64 4.3 +0.2
SPXN ProShares S&P 500 Ex-Financials ETF 20.8 27 41 5.1 +1.0
LEGR First Trust Index Digital Transaction & Process Technology E 20.7 65 3 7.0 +2.9
QGRO American Century STOXX U.S. Quality Growth ETF 20.7 29 39 3.1 -1.0
BUYZ Franklin Disruptive Commerce ETF 20.7 50 18 -0.1 -4.3
ENTR Entrepreneur 30 Fund 20.7 49 19 3.2 -0.9
TDIV First Trust NASDAQ Technology Dividend Index Fund 20.5 50 18 5.7 +1.6
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 20.4 52 16 5.3 +1.2
BLOK Amplify Transformational Data Sharing ETF 20.4 70 -2 5.0 +0.9
IWL iShares Russell Top 200 ETF 20.3 15 53 5.1 +1.0
PBP Invesco S&P 500 BuyWrite ETF 20.0 49 19 5.1 +1.0
ARKW ARK Web x.0 ETF 19.9 76 -8 -0.8 -5.0
FFTY Innovator IBD 50 ETF 19.9 80 -12 3.5 -0.6
MGC Vanguard Mega Cap Index Fund 19.9 7 61 5.3 +1.2
HSPX Global X S&P 500 Covered Call ETF 19.8 65 3 4.9 +0.8
ESGV Vanguard ESG U.S. Stock ETF 19.8 12 56 5.3 +1.1
DSI iShares MSCI KLD 400 Social ETF 19.8 25 43 5.2 +1.1
FVAL Fidelity Value Factor ETF 19.7 29 39 8.0 +3.9
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 19.7 60 8 4.1 -0.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 19.7 35 33 4.3 +0.2
ARKF ARK Fintech Innovation ETF 19.7 75 -7 0.8 -3.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 19.6 20 48 5.0 +0.9
SFY SoFi Select 500 ETF 19.5 0 68 5.3 +1.2
IDRV iShares Self-driving EV & Tech ETF 19.4 47 21 6.7 +2.6
IQSU IQ Candriam ESG US Equity ETF 19.4 9 59 5.2 +1.1
SPXE ProShares S&P 500 Ex-Energy ETF 19.3 27 41 5.4 +1.3
TMFC Motley Fool 100 Index ETF 19.2 50 18 3.9 -0.2
SNPE Xtrackers S&P 500 ESG ETF 19.2 11 57 5.2 +1.1
RPG Invesco S&P 500 Pure Growth ETF 19.1 35 33 4.4 +0.3
VV Vanguard Large-Cap Index Fund 19.1 4 64 5.3 +1.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 19.0 20 48 5.4 +1.3
NACP Impact Shares NAACP Minority Empowerment ETF 19.0 75 -7 4.5 +0.4
SPLG SPDR Portfolio Large Cap ETF 19.0 3 65 5.5 +1.3
IVV iShares Core S&P 500 ETF 19.0 4 64 5.4 +1.3
SPY SPDR S&P 500 ETF Trust 19.0 9 59 5.4 +1.3
VOO VANGUARD S&P 500 ETF 19.0 3 65 5.5 +1.4
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 18.9 75 -7 2.2 -1.9
PBUS Invesco PureBeta MSCI USA ETF 18.9 4 64 5.3 +1.2
EXT WisdomTree U.S. Total Earnings Fund 18.9 28 40 5.7 +1.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 18.8 2 66 5.4 +1.3
CATH Global X S&P 500 Catholic Values Custom ETF 18.7 29 39 5.3 +1.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 18.7 12 56 5.1 +0.9

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Global X Future Analytics Tech ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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™


Calculation of ALTAR Score™
Avg. Return on Equity 19.9 %
Divided by: Fwd. P/BV 4.2 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 4.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 CATEGORY
AVERAGE
1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.