Global X MSCI SuperDividend EAFE ETF
ALTAR
Score™
9.4% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
14.8x P/Sales
ratio
0.7x
P/BV
ratio
0.9x Div.
yield
6.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X MSCI SuperDividend EAFE ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFE Top 50 Dividend Index.

FUND BASICS
Category International Equities
Fund Sponsor Global X
Website www.globalxfunds.com
Inception date Nov 10, 2016
Assets (mns) $8
Currency USD
Expense ratio 56 bp
Distributions Monthly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 51
Wgt avg mkt cap (mns) $29,083
Large cap (>$10bn) 56.7%
Mid cap ($2-10bn) 43.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PANDORA A/S 3.2 %
MEDIOBANCA SPA 2.7 %
FORTESCUE METALS GROUP LTD 2.5 %
MARUBENI CORP 2.5 %
FONCIERE DES REGIONS 2.3 %
SWISS RE AG 2.3 %
QANTAS AIRWAYS LTD 2.3 %
ZURICH FINANCIAL SERVICES AG 2.2 %
ENDESA SA 2.2 %
AUST AND NZ BANKING GROUP 2.2 %
Total 24.3 %

TOP COUNTRY EXPOSURE
BRITAIN 16.7 %
SPAIN 15.3 %
AUSTRALIA 13.2 %
ITALY 12.5 %
JAPAN 9.5 %
FRANCE 6.0 %
HONG KONG 5.4 %
SWITZERLAND 4.5 %
GERMANY 4.0 %
PORTUGAL 4.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-18.7% -8.0% -- -- 1.6%

Market Correlations
versus... Beta R-squared
S&P500 0.93 65%
MSCI EAFE 1.18 87%
MSCI Emg. Mkts. 0.85 72%

Technical Indicators
Recent close $12.63
30d moving avg. $12.70
Annualized volatility 20.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.6%
Bid/Ask (% of price) 0.50%
ADV underlying (mns) $2,305

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Global X MSCI SuperDividend EAFE ETF ETF based on the alternatives' overlap in portfolio holdings with EFAS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EFAS Expense: 56 bp ALTAR Score™: 9.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EFAS
Ticker Fund
Name
Overlap1
vs EFAS
(%)
Expense
ratio
(bp)
Savings
vs EFAS
(bp)
ALTAR
Score™
(%)
ALTAR
vs EFAS
(%)
IDV iShares International Select Dividend ETF 31.2 49 7 10.2 +0.9
IDOG ALPS International Sector Dividend Dogs ETF 27.5 50 6 10.9 +1.5
DMDV AAM S&P Developed Markets High Dividend Value ETF 26.8 39 17 10.9 +1.6
FDD First Trust Stoxx European Select Dividend Index Fund 26.5 58 -2 11.0 +1.6
DOO WisdomTree International Dividend ex-Financials Fund 23.8 58 -2 8.7 -0.6
FGD First Trust Dow Jones Global Select Dividend Index Fund 23.7 59 -3 12.0 +2.7
DTH WisdomTree DEFA Equity Income Fund 22.7 58 -2 9.7 +0.4
VGFO Virtus WMC Global Factor Opportunities ETF 21.8 49 7 7.9 -1.5
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 20.2 45 11 9.8 +0.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 19.5 20 36 9.6 +0.2
LVHI Legg Mason International Low Volatility High Dividend ETF 17.6 40 16 9.2 -0.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 16.9 20 36 11.2 +1.8
ESGN Columbia Sustainable International Equity Income ETF 16.3 45 11 10.7 +1.3
IDY Pacific Global International Equity Income ETF 16.0 39 17 7.9 -1.5
IQDE FlexShares International Quality Dividend Defensive Index Fd 15.8 47 9 9.0 -0.3
DOL WisdomTree International LargeCap Dividend Fund 15.6 48 8 8.6 -0.8
FID First Trust S&P International Dividend Aristocrats ETF 15.6 60 -4 9.7 +0.4
EWP iShares MSCI Spain ETF 14.6 50 6 9.1 -0.2
EFV iShares MSCI EAFE Value ETF 14.5 39 17 9.5 +0.1
FYLD Cambria Foreign Shareholder Yield ETF 14.4 59 -3 6.7 -2.6
WDIV SPDR Global Dividend ETF 13.6 40 16 9.7 +0.4
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 13.2 30 26 8.4 -0.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 12.1 35 21 8.5 -0.9
DWM WisdomTree International Equity Fund 12.1 48 8 8.2 -1.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 11.9 47 9 9.0 -0.3
EWU iShares MSCI United Kingdom ETF 11.9 50 6 7.3 -2.0
OEUR O'shares FTSE Europe Quality Dividend ETF 11.9 48 8 6.5 -2.8
QGBR SPDR MSCI UK StrategicFactors ETF 11.8 14 42 7.9 -1.5
FLGB Franklin FTSE United Kingdom ETF 11.6 9 47 7.9 -1.5
IQDF FlexShares International Quality Dividend Index Fund 11.1 47 9 8.9 -0.4
GUNR Flexshares Morningstar Global Upstream Natural Resources 11.0 46 10 5.6 -3.7
EWI iShares MSCI Italy ETF 10.8 49 7 7.6 -1.7
VYMI Vanguard International High Dividend Yield ETF 10.7 27 29 10.1 +0.8
IVLU iShares Edge MSCI Intl Value Factor ETF 10.7 30 26 11.3 +1.9
GCOW Pacer Global High Dividend ETF 10.6 60 -4 10.3 +1.0
ISDX Invesco Strategic Developed ex-US ETF 10.5 23 33 7.2 -2.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 10.5 45 11 8.7 -0.7
DVYA iShares Asia/Pacific Dividend ETF 10.5 49 7 13.3 +3.9
FLIY Franklin FTSE Italy ETF 10.0 9 47 7.8 -1.6
EWA iShares MSCI Australia ETF 9.9 50 6 6.3 -3.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 9.7 65 -9 10.7 +1.3
FNDF Schwab Fundamental International Large Co. Index ETF 9.7 25 31 8.6 -0.7
FIDI Fidelity International High Dividend ETF 9.7 39 17 11.1 +1.8
DWX SPDR S&P International Dividend ETF 9.6 45 11 7.6 -1.8
GNR SPDR S&P Global Natural Resources ETF 9.5 40 16 6.2 -3.2
EUFN iShares MSCI Europe Financials ETF 9.5 48 8 12.3 +2.9
EPP iShares MSCI Pacific ex-Japan ETF 9.5 48 8 6.6 -2.8
FLAU Franklin FTSE Australia ETF 9.4 9 47 6.8 -2.5
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 9.4 19 37 6.9 -2.5
PICK iShares MSCI Global Metals & Mining Producers ETF 8.9 39 17 6.7 -2.7
IVAL Alpha Architect International Quantitative Value ETF 8.8 59 -3 10.1 +0.7
INTF iShares Edge MSCI Multifactor Intl ETF 8.6 30 26 7.7 -1.6
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 8.5 30 26 0.0 -9.4
IEV iShares Europe ETF 8.3 59 -3 6.7 -2.7
FKU First Trust United Kingdom AlphaDEX Fund 8.1 80 -24 8.1 -1.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 8.1 45 11 6.5 -2.9
BBEU JPMorgan BetaBuilders Europe ETF 8.0 9 47 7.2 -2.2
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 8.0 83 -27 5.4 -3.9
EUDG WisdomTree Europe Quality Dividend Growth Fund 8.0 58 -2 5.8 -3.6
FLEE Franklin FTSE Europe ETF 8.0 9 47 6.8 -2.5
FIVA Fidelity International Value Factor ETF 7.9 39 17 9.6 +0.3
FILL iShares MSCI Global Energy Producers ETF 7.9 39 17 7.0 -2.3
IXC iShares Global Energy ETF 7.8 46 10 6.5 -2.8
FLEH Franklin FTSE Europe Hedged ETF 7.8 9 47 7.0 -2.4
DEW WisdomTree Global High Dividend Fund 7.7 58 -2 9.4 +0.0
GVAL Cambria Global Value ETF 7.7 65 -9 11.1 +1.7
HAP VanEck Vectors Natural Resources ETF 7.6 50 6 5.9 -3.4
MXI iShares Global Materials ETF 7.5 45 11 5.5 -3.9
JPIN JPMorgan Diversified Return International Equity ETF 7.5 37 19 7.7 -1.6
FDEV Fidelity Targeted International Factor ETF 7.4 39 17 6.3 -3.1
IQLT iShares Edge MSCI Intl Quality Factor ETF 7.4 30 26 5.9 -3.5
PDEV Principal International Multi-Factor Core Index ETF 7.4 25 31 7.7 -1.7
EFA iShares MSCI EAFE ETF 7.3 32 24 6.9 -2.5
IQIN IQ 500 International ETF 7.3 25 31 8.5 -0.9
IPKW Invesco International BuyBack Achievers ETF 7.3 55 1 8.2 -1.1
IEUR iShares Core MSCI Europe ETF 7.2 9 47 7.1 -2.3
VGK Vanguard FTSE Europe ETF 7.2 8 48 7.2 -2.1
GSID Goldman Sachs MarketBeta International Equity ETF 7.2 20 36 7.1 -2.2
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 7.2 35 21 6.8 -2.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 7.1 35 21 6.7 -2.6
PQIN PGIM QMA Strategic Alpha International Equity ETF 7.1 29 27 7.4 -1.9
JHMD John Hancock Multifactor Developed International ETF 7.0 39 17 7.2 -2.1
QEFA SPDR MSCI EAFE Quality Mix ETF 6.9 30 26 6.7 -2.6
BKIE BNY Mellon International Equity ETF 6.8 4 52 7.3 -2.1
QINT American Century Quality Diversified International ETF 6.7 39 17 6.0 -3.3
HFXI IQ 50 Percent Hedged FTSE International ETF 6.7 20 36 7.3 -2.1
FAUS First Trust Australia AlphaDEX Fund 6.7 80 -24 6.1 -3.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 6.5 14 42 6.8 -2.6
FEU SPDR Portfolio Europe ETF 6.5 9 47 7.1 -2.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 6.5 7 49 7.4 -2.0
DIM WisdomTree International MidCap Dividend Fund 6.5 58 -2 7.4 -1.9
SCIX Global X Scientific Beta Asia ex-Japan ETF 6.5 38 18 6.6 -2.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 6.4 25 31 6.3 -3.1
IEFA iShares Core MSCI EAFE ETF 6.3 7 49 7.1 -2.2
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 6.2 80 -24 7.5 -1.8
ESGD iShares MSCI EAFE ESG Optimized ETF 6.0 20 36 6.8 -2.6
SCHF Schwab International Equity ETF 6.0 6 50 7.2 -2.2
EURZ Xtrackers Eurozone Equity ETF 5.9 9 47 6.9 -2.5
IQSI IQ Candriam ESG International Equity ETF 5.9 15 41 7.2 -2.2

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 MSCI SuperDividend EAFE ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.1 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 56 bp
Equals: ALTAR Score 9.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.72 CATEGORY
AVERAGE
1.59
 
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.