Global X Founder-Run Companies ETF
ALTAR
Score™
3.2% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
40.1x P/Sales
ratio
3.9x
P/BV
ratio
3.6x Div.
yield
0.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X Founder-Run Companies ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Founder-Run Companies Index.

FUND BASICS
Category US Equities
Fund Sponsor Global X
Website www.globalxfunds.com
Inception date Feb 13, 2017
Assets (mns) $5
Currency USD
Expense ratio 45 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 100
Wgt avg mkt cap (mns) $57,219
Large cap (>$10bn) 53.6%
Mid cap ($2-10bn) 44.7%
Small cap (<$2bn) 1.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TESLA MOTORS INC 2.1 %
SQUARE, INC. CLASS A 2.1 %
TWILIO, INC. CLASS A 2.0 %
QTS REALTY TRUST INC-CL A 1.7 %
WAYFAIR INC- CLASS A 1.7 %
CARVANA CO. CLASS A 1.6 %
TRADE DESK, INC. CLASS A 1.6 %
FEDEX CORP 1.6 %
ZSCALER, INC. 1.6 %
HUBSPOT INC 1.5 %
Total 17.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.3 %
BERMUDA 2.2 %
IRELAND 1.0 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
22.7% 33.9% -- -- 16.0%

Market Correlations
versus... Beta R-squared
S&P500 1.25 84%
MSCI EAFE 1.24 68%
MSCI Emg. Mkts. 0.88 54%

Technical Indicators
Recent close $26.47
30d moving avg. $25.32
Annualized volatility 24.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.5%
Bid/Ask (% of price) 0.65%
ADV underlying (mns) $92,702

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: BOSS Expense: 45 bp ALTAR Score™: 3.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BOSS
Ticker Fund
Name
Overlap1
vs BOSS
(%)
Expense
ratio
(bp)
Savings
vs BOSS
(bp)
ALTAR
Score™
(%)
ALTAR
vs BOSS
(%)
ENTR Entrepreneur 30 Fund 26.7 49 -4 1.1 -2.1
FTC First Trust Large Cap Growth AlphaDEX Fund 24.4 61 -16 2.6 -0.6
SLT Salt TruBeta High Exposure ETF 23.7 60 -15 3.2 +0.0
JKH iShares Morningstar Mid-Cap Growth ETF 22.8 30 15 2.0 -1.2
FXL First Trust Technology AlphaDEX Fund 22.6 61 -16 3.1 -0.1
XITK SPDR FactSet Innovative Technology ETF 21.2 45 0 0.2 -3.0
ARKW ARK Web x.0 ETF 20.9 76 -31 -0.8 -4.0
VOT Vanguard Mid-Cap Growth Index Fund 20.6 7 38 3.1 -0.1
FCTR First Trust Lunt U.S. Factor Rotation ETF 19.3 65 -20 2.8 -0.4
QGRO American Century STOXX U.S. Quality Growth ETF 18.9 29 16 3.6 +0.5
IWP iShares Russell Mid-Cap Growth ETF 18.5 24 21 2.8 -0.4
OGIG O'Shares Global Internet Giants ETF 18.2 48 -3 0.5 -2.7
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 17.6 49 -4 4.9 +1.7
THNQ ROBO Global Artificial Intelligence ETF 15.8 68 -23 1.6 -1.6
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 15.2 99 -54 1.6 -1.6
AIEQ AI Powered Equity ETF 15.2 87 -42 2.7 -0.5
VXF Vanguard Extended Market Index Fund 14.9 6 39 3.4 +0.3
ALFA AlphaClone Alternative Alpha ETF 14.7 65 -20 -0.5 -3.7
JHMT John Hancock Multifactor Technology ETF 14.5 40 5 4.6 +1.4
FDN First Trust Dow Jones Internet Index Fund 14.4 52 -7 2.0 -1.2
AIQ Global X Future Analytics Tech ETF 14.0 68 -23 4.0 +0.8
TECB iShares US Tech Breakthrough Multisector ETF 13.9 40 5 3.9 +0.7
IGV iShares Expanded Tech-Software ETF 13.9 46 -1 2.2 -1.0
PTF Invesco DWA Technology Momentum ETF 13.8 60 -15 0.1 -3.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 13.7 66 -21 2.2 -1.0
JMOM JPMorgan U.S. Momentum Factor ETF 13.7 12 33 3.3 +0.1
VFMO Vanguard U.S. Momentum Factor ETF 13.4 13 32 0.7 -2.5
PNQI Invesco NASDAQ Internet ETF 13.4 60 -15 0.9 -2.3
MILN Global X Millennials Thematic ETF 13.4 50 -5 2.2 -1.0
XWEB SPDR S&P Internet ETF 13.2 35 10 -0.1 -3.3
XSW SPDR S&P Software & Services ETF 13.2 35 10 4.3 +1.1
SCHG Schwab U.S. Large-Cap Growth ETF 13.1 4 41 3.4 +0.2
FDMO Fidelity Momentum Factor ETF 13.0 29 16 3.2 -0.0
BUYZ Franklin Disruptive Commerce ETF 13.0 50 -5 -0.2 -3.4
SFYX Sofi Next 500 ETF 12.9 0 45 5.7 +2.5
SKYY First Trust Cloud Computing ETF 12.8 60 -15 2.3 -0.9
ARKF ARK Fintech Innovation ETF 12.8 75 -30 0.3 -2.9
USMF WisdomTree U.S. Multifactor Fund 12.8 28 17 5.7 +2.5
BKMC BNY Mellon US Mid Cap Core Equity ETF 12.8 4 41 5.2 +2.0
GFIN Goldman Sachs Motif Finance Reimagined ETF 12.7 50 -5 5.3 +2.1
ECOZ TrueMark ESG Active Opportunities ETF 12.6 58 -13 3.5 +0.3
FEX First Trust Large Cap Core AlphaDEX Fund 12.4 60 -15 5.7 +2.5
PDP Invesco DWA Momentum ETF 12.3 62 -17 2.3 -0.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 12.3 7 38 5.1 +1.9
VO Vanguard Mid-Cap Index Fund 12.2 4 41 5.1 +1.9
XT iShares Exponential Technologies ETF 12.1 47 -2 4.8 +1.7
GIGE SoFi Gig Economy ETF 12.1 59 -14 -0.8 -4.0
MXDU Nationwide Maximum Diversification US Core Equity ETF 12.0 34 11 4.6 +1.4
VUG Vanguard Growth Index Fund 12.0 4 41 3.8 +0.6
MMLG First Trust Multi-Manager Large Growth ETF 11.9 85 -40 2.0 -1.2
FDG American Century Focused Dynamic Growth ETF 11.9 45 0 1.6 -1.6
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 11.8 75 -30 2.4 -0.8
VEGN US Vegan Climate ETF 11.7 60 -15 4.9 +1.7
FPX First Trust US IPO Index Fund 11.7 58 -13 1.4 -1.8
ARKK ARK Innovation ETF 11.7 75 -30 -2.3 -5.5
IWF iShares Russell 1000 Growth ETF 11.5 19 26 3.6 +0.4
QMOM Alpha Architect U.S. Quantitative Momentum ETF 11.4 49 -4 1.1 -2.1
CLOU Global X Cloud Computing ETF 11.4 68 -23 0.5 -2.7
VONG Vanguard Russell 1000 Growth Index Fund 11.4 8 37 3.7 +0.5
ESGV Vanguard ESG U.S. Stock ETF 11.2 12 33 4.9 +1.7
IRBO iShares Robotics & Artificial Intelligence ETF 11.1 47 -2 2.5 -0.7
IETC iShares Evolved U.S. Technology ETF 11.0 18 27 3.7 +0.5
SFY SoFi Select 500 ETF 11.0 0 45 4.9 +1.8
WCLD WisdomTree Cloud Computing Fund 10.9 45 0 8.4 +5.3
MTUM iShares Edge MSCI USA Momentum Factor ETF 10.9 15 30 4.0 +0.9
TMFC Motley Fool 100 Index ETF 10.9 50 -5 3.3 +0.1
IGM iShares Expanded Tech Sector ETF 10.9 46 -1 3.7 +0.5
VBK Vanguard Small-Cap Growth Index Fund 10.7 7 38 2.2 -1.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 10.7 75 -30 3.7 +0.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 10.6 30 15 6.4 +3.2
TUSA First Trust Total US Market AlphaDEX ETF 10.5 70 -25 5.6 +2.4
FVL First Trust Value Line 100 Exchange-Traded Fund 10.4 70 -25 5.2 +2.0
IWR iShares Russell Midcap ETF 10.4 19 26 5.3 +2.2
SIZE iShares Edge MSCI USA Size Factor ETF 10.3 15 30 5.9 +2.7
GBUY Goldman Sachs Motif New Age Consumer ETF 10.1 50 -5 1.7 -1.5
PLAT WisdomTree Modern Tech Platforms Fund 10.1 20 25 1.6 -1.6
IYW iShares U.S. Technology ETF 10.1 43 2 3.8 +0.6
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 10.1 59 -14 4.2 +1.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 10.1 35 10 4.4 +1.3
RPG Invesco S&P 500 Pure Growth ETF 10.1 35 10 4.3 +1.1
GVIP Goldman Sachs Hedge Industry VIP ETF 10.0 45 0 3.7 +0.5
FMK First Trust Mega Cap AlphaDEX Fund 10.0 70 -25 4.4 +1.2
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 9.9 30 15 5.4 +2.2
EUSA iShares MSCI USA Equal Weighted ETF 9.9 15 30 6.0 +2.8
SCHX Schwab U.S. Large-Cap ETF 9.8 3 42 5.0 +1.8
IYY iShares Dow Jones U.S. ETF 9.8 20 25 4.9 +1.7
SCHK Schwab 1000 Index ETF 9.8 5 40 5.0 +1.8
NUMG Nuveen ESG Mid-Cap Growth ETF 9.8 40 5 2.1 -1.1
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 9.7 21 24 3.0 -0.2
CLRG IQ Chaikin U.S. Large Cap ETF 9.6 25 20 5.7 +2.5
PBUS Invesco PureBeta MSCI USA ETF 9.6 4 41 5.0 +1.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 9.6 60 -15 4.0 +0.8
IWB iShares Russell 1000 ETF 9.5 15 30 4.9 +1.7
SCHB Schwab U.S. Broad Market ETF 9.5 3 42 4.9 +1.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 9.4 3 42 4.9 +1.7
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 9.4 25 20 7.4 +4.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 9.4 2 43 5.1 +1.9
VV Vanguard Large-Cap Index Fund 9.4 4 41 5.0 +1.8
VONE Vanguard Russell 1000 ETF 9.4 8 37 5.0 +1.8
MGK Vanguard Mega Cap Growth ETF 9.3 7 38 3.9 +0.7

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%.

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 Founder-Run Companies ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.1 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 3.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 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.