Global X Adaptive U.S. Factor ETF
ALTAR
Score™
8.0% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
16.3x P/Sales
ratio
1.5x
P/BV
ratio
1.7x Div.
yield
3.2%


  • 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 24, 2018
Assets (mns) $157
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 192
Wgt avg mkt cap (mns) $56,808
Large cap (>$10bn) 64.6%
Mid cap ($2-10bn) 34.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
VERIZON COMMUNICATIONS INC 1.8 %
NORTONLIFELOCK INC 1.8 %
PFIZER INC 1.8 %
KROGER CO 1.7 %
GARMIN LTD 1.7 %
AMDOCS LTD 1.6 %
AGNC INVESTMENT CORP. 1.6 %
JOHNSON & JOHNSON 1.4 %
QIAGEN NV 1.4 %
TYLER TECHNOLOGIES INC 1.4 %
Total 16.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.4 %
SWITZERLAND 1.7 %
BRITAIN 1.7 %
NETHERLANDS 1.4 %
IRELAND 1.1 %
BERMUDA 0.6 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
1.3% 1.3% -- -- 5.1%

Market Correlations
versus... Beta R-squared
S&P500 1.11 88%
MSCI EAFE 1.10 84%
MSCI Emg. Mkts. 0.96 77%

Technical Indicators
Recent close $26.57
30d moving avg. $25.95
Annualized volatility 24.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 23
Turnover 0.4%
Bid/Ask (% of price) 0.37%
ADV underlying (mns) $56,759

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 95 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™: 8.0%


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
(%)
RPV Invesco S&P 500 Pure Value ETF 30.7 35 -8 10.0 +1.9
VOOV Vanguard S&P 500 Value ETF 30.1 10 17 6.6 -1.5
JVAL JPMorgan U.S. Value Factor ETF 29.6 12 15 7.1 -0.9
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 28.1 35 -8 7.7 -0.4
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 28.1 35 -8 7.7 -0.4
VYM Vanguard High Dividend Yield Index ETF 27.8 6 21 6.7 -1.4
SPYV SPDR Portfolio S&P 500 Value ETF 27.5 4 23 6.4 -1.6
IVE iShares S&P 500 Value ETF 27.4 18 9 6.3 -1.8
FTA First Trust Large Cap Value AlphaDEX Fund 27.3 60 -33 7.4 -0.7
IUSV iShares Core S&P U.S. Value ETF 27.2 4 23 6.4 -1.6
VTV Vanguard Value Index Fund 26.6 4 23 6.6 -1.5
PRF Invesco FTSE RAFI US 1000 ETF 26.2 39 -12 5.8 -2.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 26.1 25 2 5.8 -2.3
FAB First Trust Multi Cap Value AlphaDEX Fund 26.0 71 -44 7.5 -0.5
RNDV US Equity Dividend Select ETF 26.0 50 -23 7.4 -0.7
JDIV JPMorgan U.S. Dividend ETF 25.9 12 15 6.7 -1.3
DVY iShares Select Dividend ETF 25.9 39 -12 8.1 +0.0
VONV Vanguard Russell 1000 Value Index Fund 25.6 8 19 6.1 -1.9
VFVA Vanguard U.S. Value Factor ETF 25.4 14 13 8.4 +0.4
SCHV Schwab U.S. Large-Cap Value ETF 25.3 4 23 6.1 -2.0
RWL Invesco S&P 500 Revenue ETF 25.0 39 -12 6.2 -1.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 25.0 25 2 5.7 -2.4
IWD iShares Russell 1000 Value ETF 24.9 19 8 6.0 -2.0
VLU SPDR S&P 1500 Value Tilt ETF 24.6 12 15 6.1 -1.9
RAFE PIMCO RAFI ESG U.S. ETF 24.6 30 -3 6.7 -1.3
QUS SPDR MSCI USA StrategicFactors ETF 24.5 15 12 5.3 -2.8
SPYD SPDR S&P 500 High Dividend ETF 24.3 7 20 9.2 +1.2
VALQ American Century STOXX U.S. Quality Value ETF 24.3 29 -2 7.8 -0.2
USMV iShares Edge MSCI Min Vol USA ETF 23.8 15 12 5.3 -2.7
STLV iShares Factors US Value Style ETF 23.4 25 2 6.5 -1.5
ROUS Hartford Multifactor US Equity ETF 23.4 19 8 5.9 -2.2
DIVB iShares U.S. Dividend & Buyback ETF 23.2 25 2 5.9 -2.2
DTD WisdomTree U.S.Total Dividend Fund 23.2 28 -1 6.3 -1.8
EPS WisdomTree U.S. Earnings 500 Fund 23.1 8 19 5.9 -2.1
MGV Vanguard Mega Cap Value ETF 22.8 7 20 6.5 -1.6
VLUE iShares MSCI USA Value Factor ETF 22.7 15 12 9.7 +1.7
DLN WisdomTree U.S. LargeCap Dividend Fund 22.5 28 -1 6.2 -1.9
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 22.3 17 10 6.1 -2.0
SPVU Invesco S&P 500 Enhanced Value ETF 22.1 13 14 9.5 +1.5
FNK First Trust Mid Cap Value AlphaDEX Fund 22.1 70 -43 7.7 -0.3
FDRR Fidelity Dividend ETF for Rising Rates 21.8 29 -2 6.0 -2.1
RNLC Large Cap US Equity Select ETF 21.7 60 -33 5.2 -2.8
FEX First Trust Large Cap Core AlphaDEX Fund 21.7 60 -33 4.7 -3.4
ONEY SPDR Russell 1000 Yield Focus ETF 21.7 20 7 7.2 -0.9
IWX iShares Russell Top 200 Value ETF 21.6 20 7 6.1 -2.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 21.5 30 -3 5.2 -2.8
MAGA Point Bridge GOP Stock Tracker ETF 21.4 72 -45 5.3 -2.7
RSP Invesco S&P 500 Equal Weight ETF 21.3 20 7 5.6 -2.5
FDLO Fidelity Low Volatility Factor ETF 21.3 29 -2 4.9 -3.1
FUNL CornerCap Fundametrics Large-Cap ETF 21.2 50 -23 7.2 -0.8
RVRS Reverse Cap Weighted U.S. Large Cap ETF 21.1 29 -2 6.1 -1.9
SPLV Invesco S&P 500 Low Volatility ETF 21.0 25 2 5.6 -2.5
JMIN JPMorgan U.S. Minimum Volatility ETF 21.0 12 15 5.3 -2.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 20.8 30 -3 5.0 -3.0
PY Principal Shareholder Yield Index ETF 20.7 15 12 7.8 -0.2
SPXT ProShares S&P 500 Ex-Technology ETF 20.5 27 0 4.9 -3.2
IUS Invesco Strategic US ETF 20.5 19 8 5.5 -2.6
RBUS Nationwide Risk-Based U.S. Equity ETF 20.4 30 -3 4.6 -3.5
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 20.3 20 7 6.6 -1.4
JKI iShares Morningstar Mid-Cap Value ETF 20.1 30 -3 7.7 -0.4
JHML John Hancock Multifactor Large Cap ETF 19.7 29 -2 4.9 -3.2
DEF Invesco Defensive Equity ETF 19.6 55 -28 5.3 -2.8
ESGV Vanguard ESG U.S. Stock ETF 19.6 12 15 4.5 -3.6
EQWL Invesco Russell Top 200 Equal Weight ETF 19.6 25 2 5.6 -2.5
AFLG First Trust Active Factor Large Cap ETF 19.6 55 -28 4.7 -3.4
LSLT Salt Low truBeta US Market ETF 19.5 60 -33 5.8 -2.3
DGRO iShares Core Dividend Growth ETF 19.4 8 19 6.0 -2.0
PBP Invesco S&P 500 BuyWrite ETF 19.4 49 -22 4.3 -3.7
FLQL Franklin LibertyQ U.S. Equity ETF 19.3 15 12 5.9 -2.1
XYLG Global X S&P 500 Covered Call & Growth ETF 19.3 60 -33 4.4 -3.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 19.2 9 18 5.0 -3.1
SFY SoFi Select 500 ETF 19.1 0 27 4.6 -3.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 19.0 9 18 4.8 -3.3
SDOG ALPS Sector Dividend Dogs ETF 19.0 40 -13 8.8 +0.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 19.0 20 7 4.6 -3.5
SPY SPDR S&P 500 ETF Trust 18.9 9 18 4.7 -3.4
SPLG SPDR Portfolio Large Cap ETF 18.9 3 24 4.7 -3.3
FXO First Trust Financials AlphaDEX Fund 18.9 63 -36 9.2 +1.1
IVV iShares Core S&P 500 ETF 18.9 3 24 4.7 -3.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 18.8 20 7 4.8 -3.3
HUSV First Trust Horizon Managed Volatility Domestic ETF 18.8 70 -43 4.8 -3.2
DTN WisdomTree U.S. Dividend ex-Financials Fund 18.7 38 -11 7.6 -0.4
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 18.6 35 -8 5.1 -3.0
VOO VANGUARD S&P 500 ETF 18.6 3 24 4.8 -3.2
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 18.5 25 2 5.9 -2.2
CFA VictoryShares US 500 Volatility Weighted Index ETF 18.5 35 -8 5.0 -3.0
GBDV Global Beta Smart Income ETF 18.5 29 -2 8.3 +0.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 18.5 18 9 5.6 -2.4
LVHD Legg Mason Low Volatility High Dividend ETF 18.5 27 0 7.7 -0.3
EUSA iShares MSCI USA Equal Weighted ETF 18.5 15 12 5.1 -2.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 18.4 7 20 4.5 -3.5
JKF iShares Morningstar Large Cap Value ETF 18.4 25 2 6.6 -1.4
SIZE iShares MSCI USA Size Factor ETF 18.4 15 12 5.1 -2.9
PBUS Invesco PureBeta MSCI USA ETF 18.4 4 23 4.6 -3.5
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 18.4 29 -2 6.0 -2.1

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.0 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 27 bp
Equals: ALTAR Score 8.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.49
 
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.