Global X Cloud Computing ETF
ALTAR
Score™
1.1% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
57.8x P/Sales
ratio
6.0x
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) $90,068
Large cap (>$10bn) 41.4%
Mid cap ($2-10bn) 52.7%
Small cap (<$2bn) 5.9%
Developed mkts 97.3%
Emerging mkts 2.7%

TOP TEN HOLDINGS
SHOPIFY, INC. CLASS A 5.5 %
PAYCOM SOFTWARE INC 4.7 %
PAYLOCITY HOLDING CORP 4.5 %
NETFLIX INC 4.4 %
TWILIO, INC. CLASS A 4.2 %
ANAPLAN, INC. 4.2 %
ZSCALER, INC. 4.1 %
XERO LIMITED 4.0 %
SALESFORCE.COM INC 4.0 %
COUPA SOFTWARE, INC. 3.9 %
Total 43.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 84.8 %
CANADA 5.5 %
NEW ZEALAND 4.0 %
CHINA 3.1 %
BRITAIN 2.6 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
8.3% -- -- -- 9.1%

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

Technical Indicators
Recent close $17.29
30d moving avg. $17.41
Annualized volatility 0.0%
Short interest (ETF) 0.2%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 310
Turnover 1.2%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $25,010

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 19 potential alternatives to the Global X Cloud Computing ETF 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
(%)
WCLD WisdomTree Cloud Computing Fund 32.6 45 23 -0.4 -1.5
SKYY First Trust Cloud Computing ETF 26.8 60 8 2.5 +1.4
PLAT WisdomTree Modern Tech Platforms Fund 21.3 45 23 2.2 +1.1
OGIG O'Shares Global Internet Giants ETF 19.7 48 20 1.1 0.0
FDN First Trust Dow Jones Internet Index Fund 19.6 52 16 3.1 +2.0
XNTK SPDR Morgan Stanley Technology ETF 19.5 35 33 4.7 +3.6
AIQ Global X Future Analytics Tech ETF 18.6 68 0 4.3 +3.2
XITK SPDR FactSet Innovative Technology ETF 18.1 45 23 0.6 -0.5
TECB iShares US Tech Breakthrough Multisector ETF 16.3 40 28 4.5 +3.4
ARKW ARK Web x.0 ETF 16.2 76 -8 -0.5 -1.6
IHAK iShares Cybersecurity & Tech ETF 15.7 47 21 4.5 +3.3
IGV iShares North American Tech-Software ETF 14.2 46 22 2.9 +1.8
FFTY Innovator IBD 50 ETF 14.0 80 -12 4.0 +2.9
ENTR Entrepreneur 30 Fund 14.0 49 19 2.8 +1.7
CIBR First Trust NASDAQ CEA Cybersecurity ETF 13.1 60 8 3.6 +2.5
XSW SPDR S&P Software & Services ETF 12.9 35 33 3.8 +2.7
PNQI Invesco NASDAQ Internet ETF 12.7 62 6 2.5 +1.4
HACK ETFMG Prime Cyber Security ETF 12.4 60 8 3.3 +2.2
GDAT Goldman Sachs Motif Data-Driven World Etf 12.1 50 18 5.7 +4.6

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

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 Cloud Computing 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 12.3 %
Divided by: Fwd. P/BV 6.9 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
1.45 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.