Global X Adaptive U.S. Factor ETF
ALTAR
Score™
7.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
27.9x P/Sales
ratio
1.5x
P/BV
ratio
1.5x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating

FUND BASICS
Category US Equities
Fund Sponsor Global X
Website www.globalxfunds.com
Inception date Aug 28, 2018
Assets (mns) $143
Currency USD
Expense ratio 27 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 275
Wgt avg mkt cap (mns) $108,631
Large cap (>$10bn) 63.5%
Mid cap ($2-10bn) 36.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
WAL-MART STORES INC 2.3 %
APPLE INC 2.1 %
TESLA MOTORS INC 2.1 %
MICROSOFT CORP 2.0 %
COSTCO WHOLESALE CORP 1.8 %
BRISTOL-MYERS SQUIBB CO 1.6 %
AMGEN INC 1.5 %
GILEAD SCIENCES INC 1.3 %
CHARTER COMMUNICATIONS, INC. CLASS 1.2 %
NEXTERA ENERGY GROUP 1.2 %
Total 17.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.2 %
BERMUDA 1.2 %
SWITZERLAND 0.6 %
BRITAIN 0.5 %
IRELAND 0.1 %






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.
-19.8% -8.2% -- -- -6.4%

Market Correlations
versus... Beta R-squared
S&P500 1.17 90%
MSCI EAFE 1.27 88%
MSCI Emg. Mkts. 1.01 80%

Technical Indicators
Recent close $21.80
30d moving avg. $20.02
Annualized volatility 26.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 19
Turnover 0.3%
Bid/Ask (% of price) 0.42%
ADV underlying (mns) $125,794

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Global X Adaptive U.S. Factor ETF ETF based on the alternatives' overlap in portfolio holdings with AUSF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AUSF Expense: 27 bp ALTAR Score™: 7.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AUSF
Ticker Fund
Name
Overlap1
vs AUSF
(%)
Expense
ratio
(bp)
Savings
vs AUSF
(bp)
ALTAR
Score™
(%)
ALTAR
vs AUSF
(%)
FEX First Trust Large Cap Core AlphaDEX Fund 32.4 60 -33 5.9 -1.9
AFLG First Trust Active Factor Large Cap ETF 31.0 55 -28 5.6 -2.3
TUSA First Trust Total US Market AlphaDEX ETF 30.5 70 -43 5.9 -2.0
MTUM iShares Edge MSCI USA Momentum Factor ETF 30.0 15 12 4.8 -3.0
ROUS Hartford Multifactor US Equity ETF 29.4 19 8 7.1 -0.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 29.3 29 -2 6.1 -1.8
FDMO Fidelity Momentum Factor ETF 29.2 29 -2 4.0 -3.9
JVAL JPMorgan U.S. Value Factor ETF 28.1 12 15 8.5 +0.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 27.9 9 18 5.6 -2.3
VLU SPDR S&P 1500 Value Tilt ETF 27.7 12 15 7.1 -0.7
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 27.1 20 7 7.5 -0.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 27.0 30 -3 6.6 -1.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 26.9 25 2 6.4 -1.4
RWL Invesco S&P 500 Revenue ETF 26.8 39 -12 6.7 -1.2
PRF Invesco FTSE RAFI US 1000 ETF 26.8 39 -12 6.6 -1.2
FLQL Franklin LibertyQ U.S. Equity ETF 26.8 15 12 6.2 -1.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 26.5 25 2 6.4 -1.4
QUS SPDR MSCI USA StrategicFactors ETF 26.5 15 12 5.8 -2.1
SFY SoFi Select 500 ETF 26.2 0 27 5.3 -2.5
DTD WisdomTree U.S.Total Dividend Fund 26.1 28 -1 6.5 -1.4
JHML John Hancock Multifactor Large Cap ETF 25.9 34 -7 5.5 -2.3
VFMO Vanguard U.S. Momentum Factor ETF 25.7 13 14 2.1 -5.7
FAB First Trust Multi Cap Value AlphaDEX Fund 25.5 71 -44 8.9 +1.0
DLN WisdomTree U.S. LargeCap Dividend Fund 25.2 28 -1 6.3 -1.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 25.1 12 15 5.1 -2.7
EPS WisdomTree U.S. Earnings 500 Fund 25.0 8 19 6.4 -1.5
DIVB iShares U.S. Dividend & Buyback ETF 25.0 25 2 6.3 -1.5
JMOM JPMorgan U.S. Momentum Factor ETF 24.7 12 15 3.9 -3.9
RNLC Large Cap US Equity Select ETF 24.6 60 -33 6.0 -1.8
SCHK Schwab 1000 Index ETF 24.6 5 22 5.3 -2.5
AVUS Avantis U.S. Equity ETF 24.5 15 12 5.7 -2.1
USDY Pacific Global US Equity Income ETF 24.5 29 -2 7.5 -0.3
SCHX Schwab U.S. Large-Cap ETF 24.4 3 24 5.4 -2.5
IYY iShares Dow Jones U.S. ETF 24.4 20 7 5.2 -2.6
PBUS Invesco PureBeta MSCI USA ETF 24.3 4 23 5.3 -2.5
RNDV US Equity Dividend Select ETF 24.3 50 -23 7.4 -0.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 24.3 19 8 6.1 -1.7
IUS Invesco Strategic US ETF 24.3 19 8 6.2 -1.7
MXDU Nationwide Maximum Diversification US Core Equity ETF 24.2 34 -7 5.2 -2.6
IWB iShares Russell 1000 ETF 24.2 15 12 5.2 -2.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 24.2 9 18 5.8 -2.0
PBP Invesco S&P 500 BuyWrite ETF 24.2 49 -22 5.1 -2.7
VTI Vanguard Total Stock Market Index Fund 24.1 3 24 5.2 -2.6
SCHB Schwab U.S. Broad Market ETF 24.1 3 24 5.3 -2.5
VONE Vanguard Russell 1000 ETF 24.1 8 19 5.3 -2.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 24.0 3 24 5.2 -2.6
VV Vanguard Large-Cap Index Fund 23.9 4 23 5.3 -2.5
IWV iShares Russell 3000 ETF 23.9 20 7 5.1 -2.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 23.9 2 25 5.4 -2.4
RSP Invesco S&P 500 Equal Weight ETF 23.9 20 7 6.6 -1.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 23.8 17 10 6.8 -1.1
VTHR Vanguard Russell 3000 Index Fund 23.8 10 17 5.2 -2.7
HSPX Global X S&P 500 Covered Call ETF 23.7 65 -38 4.9 -2.9
FTA First Trust Large Cap Value AlphaDEX Fund 23.6 60 -33 8.6 +0.8
DGRO iShares Core Dividend Growth ETF 23.5 8 19 6.4 -1.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 23.5 25 2 6.1 -1.8
RBUS Nationwide Risk-Based U.S. Equity ETF 23.3 30 -3 5.1 -2.8
SIZE iShares Edge MSCI USA Size Factor ETF 23.3 15 12 5.8 -2.0
FCTR First Trust Lunt U.S. Factor Rotation ETF 23.2 65 -38 4.8 -3.0
JDIV JPMorgan U.S. Dividend ETF 23.2 12 15 7.7 -0.1
SPTM SPDR Portfolio Total Stock Market ETF 23.1 3 24 5.6 -2.3
SPLG SPDR Portfolio Large Cap ETF 23.1 3 24 5.5 -2.4
EUSA iShares MSCI USA Equal Weighted ETF 23.1 15 12 6.0 -1.9
IVV iShares Core S&P 500 ETF 23.1 4 23 5.5 -2.4
SPY SPDR S&P 500 ETF Trust 23.1 9 18 5.4 -2.4
ESGU iShares MSCI USA ESG Optimized ETF 23.0 15 12 5.1 -2.7
VYM Vanguard High Dividend Yield Index ETF 22.9 6 21 7.1 -0.8
VOO VANGUARD S&P 500 ETF 22.8 3 24 5.5 -2.4
VALQ American Century STOXX U.S. Quality Value ETF 22.8 29 -2 8.6 +0.8
FVAL Fidelity Value Factor ETF 22.6 29 -2 8.0 +0.1
IUSV iShares Core S&P U.S. Value ETF 22.5 4 23 7.2 -0.6
IWD iShares Russell 1000 Value ETF 22.5 19 8 6.9 -1.0
JMIN JPMorgan U.S. Minimum Volatility ETF 22.5 12 15 5.8 -2.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 22.4 20 7 5.5 -2.4
SPXE ProShares S&P 500 Ex-Energy ETF 22.4 27 0 5.4 -2.5
SPYV SPDR Portfolio S&P 500 Value ETF 22.4 4 23 7.2 -0.7
SCHV Schwab U.S. Large-Cap Value ETF 22.4 4 23 6.9 -0.9
IVE iShares S&P 500 Value ETF 22.3 18 9 7.0 -0.8
VONV Vanguard Russell 1000 Value Index Fund 22.2 8 19 7.0 -0.8
JQUA JPMorgan U.S. Quality Factor ETF 22.2 12 15 5.2 -2.6
MGC Vanguard Mega Cap Index Fund 22.1 7 20 5.3 -2.5
STLV iShares Factors US Value Style ETF 22.0 25 2 7.7 -0.1
VOOV Vanguard S&P 500 Value ETF 21.9 15 12 7.1 -0.8
SPXT ProShares S&P 500 Ex-Technology ETF 21.9 27 0 5.6 -2.2
AIEQ AI Powered Equity ETF 21.9 87 -60 3.4 -4.5
RECS Columbia Research Enhanced Core ETF 21.9 15 12 5.6 -2.2
DEF Invesco Defensive Equity ETF 21.9 55 -28 5.1 -2.8
EQWL Invesco Russell Top 200 Equal Weight ETF 21.9 25 2 5.9 -1.9
EXT WisdomTree U.S. Total Earnings Fund 21.8 28 -1 5.7 -2.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 21.8 75 -48 3.7 -4.1
CFA VictoryShares US 500 Volatility Weighted Index ETF 21.8 35 -8 5.7 -2.1
VTV Vanguard Value Index Fund 21.8 4 23 7.1 -0.7
USMV iShares Edge MSCI Min Vol USA ETF 21.7 15 12 5.7 -2.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 21.7 20 7 5.0 -2.8
ESGV Vanguard ESG U.S. Stock ETF 21.7 12 15 5.3 -2.6
USMF WisdomTree U.S. Multifactor Fund 21.6 28 -1 6.1 -1.7
ESG FlexShares STOXX US ESG Impact Index Fund 21.5 32 -5 5.2 -2.7
FMK First Trust Mega Cap AlphaDEX Fund 21.3 70 -43 5.2 -2.6
IWL iShares Russell Top 200 ETF 21.3 15 12 5.1 -2.7

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 Adaptive U.S. Factor ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.5 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 27 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.53
 
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.