Global X E-Commerce ETF
ALTAR
Score™
2.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
33.5x P/Sales
ratio
1.3x
P/BV
ratio
4.7x Div.
yield
0.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X E-commerce ETF seeks to invest in companies positioned to benefit from the increased adoption of E-commerce as a distribution model, including companies whose principal business is in operating E-commerce platforms, providing E-commerce software and services, and/or selling goods and services online.

FUND BASICS
Category Global Equities
Fund Sponsor Global X
Website www.globalxfunds.com
Inception date Nov 27, 2018
Assets (mns) $31
Currency USD
Expense ratio 50 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 40
Wgt avg mkt cap (mns) $116,734
Large cap (>$10bn) 77.1%
Mid cap ($2-10bn) 17.6%
Small cap (<$2bn) 4.3%
Developed mkts 74.1%
Emerging mkts 25.9%

TOP TEN HOLDINGS
SHOPIFY, INC. CLASS A 7.7 %
ETSY, INC. 7.2 %
WAYFAIR INC- CLASS A 6.8 %
AMAZON.COM INC 5.1 %
EBAY INC 5.1 %
JD.COM INC-ADR 5.0 %
MERCADOLIBRE INC 5.0 %
OCADO GROUP PLC 4.8 %
VIPSHOP HOLDINGS LTD SPONSORED ADR 4.6 %
NETEASE.COM INC-ADR 4.1 %
Total 55.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 52.2 %
CHINA 24.0 %
CANADA 7.7 %
BRITAIN 6.1 %
ARGENTINA 5.0 %
JAPAN 3.5 %
GERMANY 1.0 %
SOUTH KOREA 0.3 %



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.
28.4% 29.8% -- -- 30.1%

Market Correlations
versus... Beta R-squared
S&P500 1.39 84%
MSCI EAFE 1.43 73%
MSCI Emg. Mkts. 1.12 67%

Technical Indicators
Recent close $24.43
30d moving avg. $22.54
Annualized volatility 32.7%
Short interest (ETF) 0.5%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 44
Turnover 3.5%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $30,543

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: EBIZ Expense: 50 bp ALTAR Score™: 2.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EBIZ
Ticker Fund
Name
Overlap1
vs EBIZ
(%)
Expense
ratio
(bp)
Savings
vs EBIZ
(bp)
ALTAR
Score™
(%)
ALTAR
vs EBIZ
(%)
ONLN ProShares Online Retail ETF 34.0 58 -8 1.4 -1.3
TTTN UP Fintech China-U.S. Internet Titans ETF 33.9 59 -9 4.3 +1.5
IBUY Amplify Online Retail ETF 32.7 65 -15 -1.5 -4.3
PNQI Invesco NASDAQ Internet ETF 30.6 62 -12 1.1 -1.6
BUYZ Franklin Disruptive Commerce ETF 25.6 50 0 -0.2 -2.9
XWEB SPDR S&P Internet ETF 25.5 35 15 -0.2 -2.9
FDNI First Trust Dow Jones International Internet ETF 23.4 65 -15 2.2 -0.5
PGJ Invesco Golden Dragon China ETF 22.9 70 -20 3.2 +0.5
GIGE SoFi Gig Economy ETF 22.4 59 -9 -0.5 -3.2
GBUY Goldman Sachs Motif New Age Consumer ETF 22.1 50 0 1.9 -0.8
KWEB KraneShares CSI China Internet ETF 21.2 76 -26 1.8 -0.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 20.9 86 -36 2.2 -0.5
XBUY Amplify International Online Retail ETF 18.2 69 -19 -1.0 -3.8
XNTK SPDR NYSE Technology ETF 17.8 35 15 3.7 +1.0
FNI First Trust Chindia ETF 17.2 60 -10 2.9 +0.1
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 17.0 60 -10 3.0 +0.3
DWLD Davis Select Worldwide ETF 16.0 63 -13 6.6 +3.9
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 15.5 80 -30 4.0 +1.2
PLAT WisdomTree Modern Tech Platforms Fund 15.4 45 5 1.2 -1.6
CHIQ Global X China Consumer ETF 15.0 65 -15 7.8 +5.1
OGIG O'Shares Global Internet Giants ETF 14.7 48 2 0.7 -2.0
JHMC John Hancock Multifactor Consumer Discretionary ETF 14.4 40 10 4.4 +1.7
JOYY Infusive Compounding Global Equities ETF 14.3 50 0 3.8 +1.1
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 14.0 60 -10 3.7 +1.0
ECON Columbia Emerging Markets Consumer ETF 14.0 59 -9 4.6 +1.9
FDN First Trust Dow Jones Internet Index Fund 13.9 52 -2 2.2 -0.5
MILN Global X Millennials Thematic ETF 13.7 50 0 2.5 -0.2
ARKF ARK Fintech Innovation ETF 13.5 75 -25 0.5 -2.2
XRT SPDR S&P Retail ETF 13.4 35 15 6.9 +4.1
AIQ Global X Future Analytics Tech ETF 12.7 68 -18 3.9 +1.2
FTXD First Trust Nasdaq Retail ETF 12.6 60 -10 5.2 +2.5
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 12.4 18 32 5.9 +3.2
BLOK Amplify Transformational Data Sharing ETF 11.8 70 -20 4.8 +2.1
VCR Vanguard Consumer Discretionary Index Fund 11.8 10 40 4.0 +1.3
SFYF SoFi 50 ETF 11.7 29 21 5.4 +2.7
DINT Davis Select International ETF 11.6 68 -18 5.9 +3.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 11.1 32 18 6.3 +3.6
FDIS Fidelity MSCI Consumer Discretionary Index ETF 11.0 8 42 3.6 +0.8
CHIL Global X MSCI China Large-Cap 50 ETF 10.8 29 21 8.5 +5.8
GVIP Goldman Sachs Hedge Industry VIP ETF 10.4 45 5 4.7 +2.0
SKYY First Trust Cloud Computing ETF 10.2 60 -10 2.2 -0.6
XLY Consumer Discretionary Select Sector SPDR Fund 10.0 13 37 4.1 +1.4
RTH VanEck Vectors Retail ETF 9.6 35 15 5.1 +2.3
ALFA AlphaClone Alternative Alpha ETF 9.3 65 -15 3.4 +0.7
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 9.3 59 -9 4.2 +1.5
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 9.3 35 15 4.4 +1.7
EMCG WisdomTree Emerging Markets Consumer Growth Fund 9.2 32 18 7.5 +4.8
THNQ ROBO Global Artificial Intelligence ETF 9.1 68 -18 1.9 -0.8
RXI iShares Global Consumer Discretionary ETF 8.9 46 4 5.3 +2.6
IYC iShares U.S. Consumer Services ETF 8.8 42 8 4.2 +1.4
AWAY ETFMG Travel Tech ETF 8.6 75 -25 -2.0 -4.7
GDAT Goldman Sachs Motif Data-Driven World Etf 8.5 50 0 5.0 +2.3
IEDI iShares Evolved U.S. Discretionary Spending ETF 8.5 18 32 3.7 +1.0
PEK VanEck Vectors ChinaAMC CSI 300 ETF 8.2 60 -10 7.5 +4.8
CLOU Global X Cloud Computing ETF 8.2 68 -18 0.6 -2.1
IGM iShares Expanded Tech Sector ETF 8.0 46 4 3.8 +1.1
QYLD Global X NASDAQ 100 Covered Call ETF 8.0 60 -10 3.5 +0.8
QQQ Invesco QQQ Trust 7.9 20 30 3.9 +1.2
KALL KraneShares FTSE Emerging Markets Plus ETF 7.9 49 1 8.5 +5.8
NUSI Nationwide Risk-Managed Income ETF 7.9 68 -18 3.5 +0.7
BLCN Reality Shares Nasdaq NextGen Economy ETF 7.9 68 -18 4.2 +1.4
MCHI iShares MSCI China ETF 7.9 59 -9 8.0 +5.3
FLCH Franklin FTSE China ETF 7.9 19 31 8.5 +5.8
QGRO American Century STOXX U.S. Quality Growth ETF 7.8 29 21 3.2 +0.5
DUSA Davis Select U.S. Equity ETF 7.7 63 -13 5.8 +3.1
FPXI First Trust International Equity Opportunities ETF 7.7 70 -20 3.3 +0.6
ACSI American Customer Satisfaction Core Alpha ETF 7.6 66 -16 5.8 +3.1
ARKW ARK Web x.0 ETF 7.6 76 -26 -0.8 -3.6
GXC SPDR S&P China ETF 7.4 59 -9 8.3 +5.6
STLG iShares Factors US Growth Style ETF 7.4 25 25 3.7 +1.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 7.4 21 29 3.0 +0.2
RCD Invesco S&P 500 Equal Weight Consumer Discretionary ETF 7.3 40 10 6.8 +4.0
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 7.2 59 -9 3.7 +0.9
BUL Pacer US Cash Cows Growth ETF 7.1 60 -10 6.2 +3.5
AADR AdvisorShares Dorsey Wright ADR ETF 7.1 110 -60 3.1 +0.4
FTCS First Trust Capital Strength ETF 7.1 58 -8 4.9 +2.2
GENY Principal Millennials Index ETF 7.1 45 5 3.8 +1.1
ISEM Invesco Strategic Emerging Markets ETF 6.9 35 15 10.7 +7.9
CQQQ Invesco China Technology ETF 6.7 70 -20 4.0 +1.3
CHIC Global X Nasdaq China Technology ETF 6.7 66 -16 3.8 +1.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 6.7 95 -45 9.6 +6.9
BKF iShares MSCI BRIC ETF 6.6 69 -19 7.7 +5.0
XITK SPDR FactSet Innovative Technology ETF 6.5 45 5 0.3 -2.4
CACG ClearBridge All Cap Growth ETF 6.5 54 -4 4.4 +1.7
CN Xtrackers MSCI All China Equity ETF 6.4 50 0 8.3 +5.6
IETC iShares Evolved U.S. Technology ETF 6.4 18 32 3.8 +1.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 6.4 15 35 6.3 +3.5
SYG SPDR MFS Systematic Growth Equity ETF 6.4 60 -10 4.3 +1.6
GURU Global X Guru Index ETF 6.3 75 -25 3.9 +1.1
IWF iShares Russell 1000 Growth ETF 6.2 19 31 4.2 +1.5
VONG Vanguard Russell 1000 Growth Index Fund 6.2 8 42 4.3 +1.6
TECB iShares US Tech Breakthrough Multisector ETF 6.2 40 10 4.0 +1.3
SCHG Schwab U.S. Large-Cap Growth ETF 6.2 4 46 4.2 +1.4
TMFC Motley Fool 100 Index ETF 6.2 50 0 3.8 +1.1
WCHN WisdomTree ICBCCS S&P China 500 Fund 6.1 55 -5 8.7 +5.9
BVAL Brand Value ETF 6.1 65 -15 6.2 +3.5
FDMO Fidelity Momentum Factor ETF 6.1 29 21 3.9 +1.2
IQSU IQ Candriam ESG US Equity ETF 6.1 9 41 5.1 +2.4
VUG Vanguard Growth Index Fund 6.0 4 46 4.1 +1.4
IWY iShares Russell Top 200 Growth ETF 5.9 20 30 4.2 +1.4

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 E-Commerce 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 13.5 %
Divided by: Fwd. P/BV 4.2 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 2.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.50
 
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.