Global X Cloud Computing
ALTAR
Score™
1.1% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
62.6x P/Sales
ratio
6.2x
P/BV
ratio
7.0x Div.
yield
0.3%


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

FUND BASICS
Category US Equities
Fund Sponsor Global X
Website www.globalxfunds.com
Inception date Apr 15, 2019
Assets (mns) $463
Currency USD
Expense ratio 68 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 36
Wgt avg mkt cap (mns) $78,664
Large cap (>$10bn) 35.2%
Mid cap ($2-10bn) 58.3%
Small cap (<$2bn) 6.5%
Developed mkts 97.5%
Emerging mkts 2.5%

TOP TEN HOLDINGS
PAYCOM SOFTWARE INC 4.7 %
XERO LIMITED 4.3 %
ANAPLAN, INC. 4.3 %
PAYLOCITY HOLDING CORP 4.2 %
COUPA SOFTWARE, INC. 4.1 %
NETFLIX INC 4.1 %
TWILIO, INC. CLASS A 4.1 %
WORKDAY INC-CLASS A 4.1 %
ZSCALER, INC. 4.0 %
SALESFORCE.COM INC 4.0 %
Total 41.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 86.5 %
NEW ZEALAND 4.3 %
CANADA 4.0 %
BRITAIN 2.8 %
CHINA 2.5 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
2.1% -- -- -- 2.1%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $15.59
30d moving avg. $15.23
Annualized volatility 0.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 193
Turnover 0.7%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $19,315

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 19 potential alternatives to the Global X Cloud Computing ETF based on the alternatives' overlap in portfolio holdings with CLOU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CLOU Expense: 68 bp ALTAR Score™: 1.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CLOU
Ticker Fund
Name
Overlap1
vs CLOU
(%)
Expense
ratio
(bp)
Savings
vs CLOU
(bp)
ALTAR
Score™
(%)
ALTAR
vs CLOU
(%)
SKYY First Trust Cloud Computing 24.6 60 8 2.4 +1.3
TCLD Tortoise Cloud Infrastructure Fund 20.5 40 28 5.1 +4.0
PLAT WisdomTree Modern Tech Platforms 20.3 45 23 2.8 +1.6
OGIG O'Shares Global Internet Giants 19.8 48 20 1.5 +0.3
ENTR ERShares Entrepreneur 30 19.7 49 19 3.9 +2.8
FDN First Trust DJ Internet 19.3 52 16 3.4 +2.2
AIQ Global X Future Analytics Tech 19.0 68 0 4.6 +3.5
ARKW ARK Web x.O 15.2 75 -7 -0.8 -1.9
XNTK SPDR NYSE Technology 15.1 35 33 5.7 +4.5
BUG Global X Cybersecurity 14.1 50 18 1.1 0.0
IGV iShares N. American Tech-Software 13.9 46 22 3.1 +2.0
PSJ Invesco Dynamic Software 13.8 58 10 3.2 +2.1
WCLD WisdomTree Cloud Computing 13.8 45 23 -0.3 -1.4
XSW SPDR S&P Software & Services 13.5 35 33 4.1 +3.0
IHAK iShares Cybersecurity & Tech 12.9 47 21 3.0 +1.9
XITK SPDR FactSet Innovative Technology 12.8 45 23 2.4 +1.2
PXQ Invesco Dynamic Networking 12.6 63 5 4.2 +3.1
GVIP Goldman Sachs Hedge Industry VIP 12.5 45 23 5.4 +4.3
PNQI Invesco Nasdaq Internet 12.3 62 6 2.8 +1.7

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
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 Cloud Computing
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 11.4 %
Divided by: Fwd. P/BV 6.3 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 1.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 CATEGORY
AVERAGE
1.56
 
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.