Global X Founder-Run Companies ETF
ALTAR
Score™
3.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
40.5x P/Sales
ratio
3.2x
P/BV
ratio
3.2x Div.
yield
1.0%


  • 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) $41,708
Large cap (>$10bn) 49.0%
Mid cap ($2-10bn) 48.9%
Small cap (<$2bn) 2.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TWILIO, INC. CLASS A 1.7 %
SQUARE, INC. CLASS A 1.5 %
WAYFAIR INC- CLASS A 1.4 %
TRADE DESK, INC. CLASS A 1.4 %
TESLA MOTORS INC 1.3 %
ZSCALER, INC. 1.3 %
GRUBHUB INC 1.3 %
AVALARA INC 1.3 %
HUBSPOT INC 1.3 %
ALTERYX, INC. CLASS A 1.2 %
Total 13.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.9 %
BERMUDA 2.2 %
IRELAND 0.8 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
12.1% 15.4% -- -- 14.2%

Market Correlations
versus... Beta R-squared
S&P500 1.28 84%
MSCI EAFE 1.21 65%
MSCI Emg. Mkts. 0.85 51%

Technical Indicators
Recent close $23.14
30d moving avg. $22.34
Annualized volatility 23.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.5%
Bid/Ask (% of price) 0.70%
ADV underlying (mns) $70,225

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™: 3.7%


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
(%)
FXL First Trust Technology AlphaDEX Fund 25.4 61 -16 3.2 -0.5
JKH iShares Morningstar Mid-Cap Growth ETF 22.4 30 15 2.3 -1.4
FTC First Trust Large Cap Growth AlphaDEX Fund 21.8 61 -16 2.9 -0.8
ENTR Entrepreneur 30 Fund 21.5 49 -4 2.6 -1.1
ARKW ARK Web x.0 ETF 20.9 76 -31 -0.8 -4.5
XITK SPDR FactSet Innovative Technology ETF 20.2 45 0 0.3 -3.4
VOT Vanguard Mid-Cap Growth Index Fund 18.6 7 38 3.5 -0.2
IWP iShares Russell Mid-Cap Growth ETF 18.2 24 21 4.1 +0.5
PDP Invesco DWA Momentum ETF 17.9 62 -17 2.8 -0.9
OGIG O'Shares Global Internet Giants ETF 16.7 48 -3 0.7 -3.0
QGRO American Century STOXX U.S. Quality Growth ETF 15.9 29 16 3.2 -0.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 15.4 66 -21 2.5 -1.2
THNQ ROBO Global Artificial Intelligence ETF 15.3 68 -23 1.9 -1.8
VXF Vanguard Extended Market Index Fund 14.8 7 38 3.8 +0.1
PTF Invesco DWA Technology Momentum ETF 14.3 60 -15 1.2 -2.5
FNY First Trust Mid Cap Growth AlphaDEX Fund 14.3 70 -25 2.1 -1.6
FCTR First Trust Lunt U.S. Factor Rotation ETF 14.1 65 -20 3.4 -0.3
FDN First Trust Dow Jones Internet Index Fund 14.1 52 -7 2.2 -1.5
JHMT John Hancock Multifactor Technology ETF 14.0 40 5 5.0 +1.3
IGV iShares North American Tech-Software ETF 13.7 46 -1 2.4 -1.3
SFYX Sofi Next 500 ETF 13.4 0 45 6.0 +2.3
TECB iShares US Tech Breakthrough Multisector ETF 13.3 40 5 4.0 +0.3
MILN Global X Millennials Thematic ETF 13.1 50 -5 2.5 -1.2
VBK Vanguard Small-Cap Growth Index Fund 13.1 7 38 2.4 -1.3
XSW SPDR S&P Software & Services ETF 13.1 35 10 4.0 +0.3
AIQ Global X Future Analytics Tech ETF 13.0 68 -23 3.9 +0.3
XWEB SPDR S&P Internet ETF 12.9 35 10 -0.2 -3.9
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 12.8 49 -4 5.2 +1.5
PNQI Invesco NASDAQ Internet ETF 12.8 62 -17 1.1 -2.6
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 12.8 7 38 5.5 +1.8
GFIN Goldman Sachs Motif Finance Reimagined ETF 12.7 50 -5 5.4 +1.7
JMOM JPMorgan U.S. Momentum Factor ETF 12.5 12 33 3.9 +0.2
BKMC BNY Mellon US Mid Cap Core Equity ETF 12.4 4 41 5.8 +2.1
ARKF ARK Fintech Innovation ETF 12.3 75 -30 0.5 -3.2
SKYY First Trust Cloud Computing ETF 12.2 60 -15 2.2 -1.5
PLAT WisdomTree Modern Tech Platforms Fund 12.1 45 0 1.2 -2.5
FEX First Trust Large Cap Core AlphaDEX Fund 12.1 60 -15 6.0 +2.4
MXDU Nationwide Maximum Diversification US Core Equity ETF 11.9 34 11 4.9 +1.2
VO Vanguard Mid-Cap Index Fund 11.9 4 41 5.5 +1.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 11.7 75 -30 3.8 +0.1
BUYZ Franklin Disruptive Commerce ETF 11.7 50 -5 -0.2 -3.9
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 11.6 59 -14 4.2 +0.5
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 11.6 35 10 4.4 +0.7
SCHM Schwab U.S. Mid-Cap ETF 11.3 4 41 6.3 +2.6
GIGE SoFi Gig Economy ETF 11.2 59 -14 -0.5 -4.2
SCHG Schwab U.S. Large-Cap Growth ETF 11.1 4 41 4.2 +0.5
FDG American Century Focused Dynamic Growth ETF 11.1 45 0 1.8 -1.9
AIEQ AI Powered Equity ETF 10.9 87 -42 3.7 +0.0
VFMO Vanguard U.S. Momentum Factor ETF 10.9 13 32 1.2 -2.5
VUG Vanguard Growth Index Fund 10.8 4 41 4.1 +0.4
GVIP Goldman Sachs Hedge Industry VIP ETF 10.8 45 0 4.7 +1.0
XT iShares Exponential Technologies ETF 10.8 47 -2 5.1 +1.4
IRBO iShares Robotics & Artificial Intelligence ETF 10.8 47 -2 2.7 -1.0
TUSA First Trust Total US Market AlphaDEX ETF 10.7 70 -25 6.0 +2.3
CLOU Global X Cloud Computing ETF 10.7 68 -23 0.6 -3.1
USMF WisdomTree U.S. Multifactor Fund 10.6 28 17 5.5 +1.8
IWF iShares Russell 1000 Growth ETF 10.4 19 26 4.2 +0.5
NUMG Nuveen ESG Mid-Cap Growth ETF 10.3 40 5 2.4 -1.3
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 10.3 30 15 5.7 +2.0
IWR iShares Russell Midcap ETF 10.2 19 26 5.7 +2.0
FDMO Fidelity Momentum Factor ETF 10.2 29 16 3.9 +0.2
IETC iShares Evolved U.S. Technology ETF 10.2 18 27 3.8 +0.1
ECOZ TrueMark ESG Active Opportunities ETF 10.1 58 -13 4.4 +0.7
RPG Invesco S&P 500 Pure Growth ETF 10.1 35 10 4.4 +0.7
VEGN US Vegan Climate ETF 10.1 60 -15 5.2 +1.5
MTUM iShares Edge MSCI USA Momentum Factor ETF 10.0 15 30 4.2 +0.5
IGM iShares Expanded Tech Sector ETF 9.9 46 -1 3.8 +0.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 9.9 9 36 5.9 +2.2
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 9.7 25 20 7.9 +4.2
EUSA iShares MSCI USA Equal Weighted ETF 9.7 15 30 6.3 +2.6
SFY SoFi Select 500 ETF 9.7 0 45 5.3 +1.6
SIZE iShares Edge MSCI USA Size Factor ETF 9.7 15 30 6.4 +2.7
WFH Direxion Work From Home ETF 9.6 45 0 5.3 +1.6
VONG Vanguard Russell 1000 Growth Index Fund 9.6 8 37 4.3 +0.6
JKK iShares Morningstar Small-Cap Growth ETF 9.6 30 15 1.1 -2.6
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 9.6 99 -54 2.3 -1.4
IYW iShares U.S. Technology ETF 9.4 42 3 4.0 +0.4
JHMM John Hancock Multifactor Mid Cap ETF 9.3 42 3 5.8 +2.1
DTEC ALPS Disruptive Technologies ETF 9.2 50 -5 3.6 -0.1
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 9.2 75 -30 2.1 -1.6
RYT Invesco S&P 500 Equal Weight Technology ETF 9.1 40 5 6.7 +3.1
SFYF SoFi 50 ETF 9.1 29 16 5.4 +1.7
FPX First Trust US IPO Index Fund 9.1 58 -13 2.6 -1.1
SCIU Global X Scientific Beta US ETF 9.0 19 26 5.8 +2.1
ESGV Vanguard ESG U.S. Stock ETF 9.0 12 33 5.2 +1.5
ETHO Etho Climate Leadership U.S. ETF 9.0 47 -2 4.4 +0.7
KRMA Global X Conscious Companies ETF 9.0 43 2 5.3 +1.6
FFTY Innovator IBD 50 ETF 9.0 80 -35 3.5 -0.2
FNX First Trust Mid Cap Core AlphaDEX Fund 8.9 61 -16 6.4 +2.8
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 8.9 21 24 3.0 -0.7
GBUY Goldman Sachs Motif New Age Consumer ETF 8.9 50 -5 1.9 -1.8
CLRG IQ Chaikin U.S. Large Cap ETF 8.9 25 20 6.1 +2.4
TMFC Motley Fool 100 Index ETF 8.9 50 -5 3.8 +0.1
SCHX Schwab U.S. Large-Cap ETF 8.9 3 42 5.3 +1.7
SCHK Schwab 1000 Index ETF 8.9 5 40 5.3 +1.6
IYY iShares Dow Jones U.S. ETF 8.8 20 25 5.2 +1.5
TPLC Timothy Plan US Large Cap Core ETF 8.7 52 -7 5.5 +1.9
PBUS Invesco PureBeta MSCI USA ETF 8.7 4 41 5.3 +1.6
SCHB Schwab U.S. Broad Market ETF 8.7 3 42 5.3 +1.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 8.6 3 42 5.2 +1.5

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

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.8 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 3.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 CATEGORY
AVERAGE
1.52
 
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.