Global X MSCI SuperDividend EAFE ETF
ALTAR
Score™
7.9% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
15.6x P/Sales
ratio
0.9x
P/BV
ratio
1.1x Div.
yield
5.7%


  • 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) $10
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 50
Wgt avg mkt cap (mns) $28,194
Large cap (>$10bn) 73.9%
Mid cap ($2-10bn) 26.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PANDORA A/S 3.4 %
FORTESCUE METALS GROUP LTD 3.1 %
BANCO BILBAO VIZCAYA ARGENTA 2.5 %
OMV AG 2.5 %
FONCIERE DES REGIONS 2.4 %
ACS ACTIVIDADES CONS Y SERV 2.4 %
MARUBENI CORP 2.3 %
LEGAL & GENERAL GROUP PLC 2.3 %
RIO TINTO PLC 2.3 %
SCENTRE GROUP 2.2 %
Total 25.3 %

TOP COUNTRY EXPOSURE
BRITAIN 17.4 %
SPAIN 13.7 %
ITALY 9.1 %
AUSTRALIA 7.2 %
FRANCE 6.3 %
JAPAN 6.0 %
HONG KONG 5.3 %
FINLAND 4.3 %
SWITZERLAND 4.2 %
GERMANY 4.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.3% -5.3% -- -- 5.4%

Market Correlations
versus... Beta R-squared
S&P500 1.09 67%
MSCI EAFE 1.27 90%
MSCI Emg. Mkts. 0.97 66%

Technical Indicators
Recent close $15.10
30d moving avg. $14.83
Annualized volatility 25.1%
Short interest (ETF) 0.2%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.8%
Bid/Ask (% of price) 0.45%
ADV underlying (mns) $5,108

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 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™: 7.9%


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 32.3 49 7 8.8 +0.9
IDOG ALPS International Sector Dividend Dogs ETF 30.2 50 6 8.2 +0.3
FDD First Trust Stoxx European Select Dividend Index Fund 30.0 58 -2 8.8 +0.9
VWID Virtus WMC International Dividend ETF 25.9 49 7 7.4 -0.5
FGD First Trust Dow Jones Global Select Dividend Index Fund 24.6 59 -3 10.0 +2.1
DMDV AAM S&P Developed Markets High Dividend Value ETF 24.3 39 17 9.9 +2.0
DOO WisdomTree International Dividend ex-Financials Fund 19.7 58 -2 7.7 -0.2
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 19.1 45 11 9.7 +1.8
DFAI Dimensional International Core Equity Market ETF 18.9 18 38 6.4 -1.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 18.5 20 36 8.4 +0.5
DTH WisdomTree International High Dividend Fund 17.5 58 -2 8.7 +0.8
ESGN Columbia Sustainable International Equity Income ETF 17.3 45 11 9.2 +1.3
FID First Trust S&P International Dividend Aristocrats ETF 15.7 60 -4 8.8 +0.9
LVHI Legg Mason International Low Volatility High Dividend ETF 15.4 40 16 9.0 +1.1
IQDE FlexShares International Quality Dividend Defensive Index ET 14.4 47 9 7.9 +0.0
WDIV SPDR Global Dividend ETF 13.7 40 16 8.6 +0.7
EWP iShares MSCI Spain ETF 13.7 51 5 7.6 -0.3
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 13.6 30 26 7.7 -0.2
FYLD Cambria Foreign Shareholder Yield ETF 12.9 59 -3 5.6 -2.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 12.5 47 9 8.2 +0.3
EFV iShares MSCI EAFE Value ETF 12.5 39 17 8.4 +0.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 12.2 20 36 9.4 +1.5
ZGBR SPDR Solactive United Kingdom ETF 12.0 14 42 7.0 -0.9
EWU iShares MSCI United Kingdom ETF 12.0 51 5 6.5 -1.4
IVAL Alpha Architect International Quantitative Value ETF 11.7 59 -3 8.3 +0.4
FLGB Franklin FTSE United Kingdom ETF 11.7 9 47 6.9 -1.0
DOL WisdomTree International LargeCap Dividend Fund 11.7 48 8 7.2 -0.7
IQDF FlexShares International Quality Dividend Index Fund 11.6 47 9 7.9 +0.0
EUFN iShares MSCI Europe Financials ETF 11.3 48 8 10.8 +2.9
IVLU iShares Edge MSCI Intl Value Factor ETF 11.2 30 26 10.0 +2.1
GCOW Pacer Global High Dividend ETF 10.7 60 -4 9.9 +2.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 10.5 45 11 7.7 -0.2
VYMI Vanguard International High Dividend Yield ETF 10.5 27 29 9.0 +1.1
FNDF Schwab Fundamental International Large Co. Index ETF 10.5 25 31 7.7 -0.2
ISDX Invesco RAFI Strategic Developed ex-US ETF 10.3 23 33 6.3 -1.6
DWM WisdomTree International Equity Fund 10.2 48 8 7.2 -0.7
DVYA iShares Asia/Pacific Dividend ETF 10.1 49 7 11.3 +3.4
FIVA Fidelity International Value Factor ETF 10.1 39 17 8.7 +0.8
IEV iShares Europe ETF 9.9 59 -3 6.3 -1.6
QINT American Century Quality Diversified International ETF 9.7 39 17 5.8 -2.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 9.7 40 16 7.3 -0.6
BBEU JPMorgan BetaBuilders Europe ETF 9.6 9 47 6.7 -1.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 9.6 45 11 6.0 -1.9
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 9.6 46 10 5.0 -2.9
FLEE Franklin FTSE Europe ETF 9.4 9 47 6.5 -1.4
FLEH Franklin FTSE Europe Hedged ETF 9.3 9 47 6.5 -1.4
ICOW Pacer Developed Markets International Cash Cows 100 ETF 9.2 65 -9 10.2 +2.3
VGK Vanguard FTSE Europe ETF 8.7 8 48 6.8 -1.1
FILL iShares MSCI Global Energy Producers ETF 8.5 39 17 5.5 -2.5
IEUR iShares Core MSCI Europe ETF 8.5 9 47 6.6 -1.3
FIDI Fidelity International High Dividend ETF 8.5 39 17 10.1 +2.2
IXC iShares Global Energy ETF 8.5 46 10 5.1 -2.8
EURZ Xtrackers Eurozone Equity ETF 8.3 9 47 6.6 -1.3
EWI iShares MSCI Italy ETF 8.2 51 5 6.6 -1.3
GNR SPDR S&P Global Natural Resources ETF 8.2 40 16 5.2 -2.7
EZU iShares MSCI Eurozone ETF 8.2 51 5 6.0 -1.9
EUDV ProShares MSCI Europe Dividend Growers ETF 8.1 56 0 5.0 -2.9
DIM WisdomTree International MidCap Dividend Fund 8.0 58 -2 7.2 -0.8
IQIN IQ 500 International ETF 7.9 25 31 7.6 -0.3
PDEV Principal International Multi-Factor Core Index ETF 7.9 25 31 7.1 -0.8
SPEU SPDR Portfolio Europe ETF 7.6 9 47 6.8 -1.1
FLIY Franklin FTSE Italy ETF 7.6 9 47 7.2 -0.7
FKU First Trust United Kingdom AlphaDEX Fund 7.5 80 -24 6.9 -1.0
JPIN JPMorgan Diversified Return International Equity ETF 7.5 37 19 7.1 -0.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 7.4 45 11 6.0 -1.9
EUDG WisdomTree Europe Quality Dividend Growth Fund 7.3 58 -2 6.5 -1.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 7.2 25 31 5.9 -2.0
EFAD ProShares MSCI EAFE Dividend Growers ETF 7.2 51 5 5.1 -2.8
DWX SPDR S&P International Dividend ETF 7.2 45 11 7.5 -0.4
INTF iShares Edge MSCI Multifactor Intl ETF 7.1 30 26 7.3 -0.6
IQSI IQ Candriam ESG International Equity ETF 6.9 15 41 6.4 -1.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 6.8 29 27 7.1 -0.8
FEUZ First Trust Eurozone AlphaDEX ETF 6.8 80 -24 7.1 -0.8
EFA iShares MSCI EAFE ETF 6.8 32 24 6.3 -1.6
IQLT iShares Edge MSCI Intl Quality Factor ETF 6.7 30 26 5.3 -2.6
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 6.7 58 -2 7.4 -0.5
GVAL Cambria Global Value ETF 6.7 65 -9 9.1 +1.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 6.6 35 21 6.1 -1.8
QEFA SPDR MSCI EAFE Quality Mix ETF 6.6 30 26 6.0 -1.9
GSID Goldman Sachs MarketBeta International Equity ETF 6.5 20 36 6.4 -1.5
ESGD iShares MSCI EAFE ESG Optimized ETF 6.5 20 36 6.2 -1.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 6.4 14 42 6.1 -1.8
JHMD John Hancock Multifactor Developed International ETF 6.3 39 17 6.6 -1.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 6.3 39 17 5.6 -2.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 6.2 35 21 6.0 -1.9
HFXI IQ 50 Percent Hedged FTSE International ETF 6.2 20 36 6.5 -1.4
HAP VanEck Vectors Natural Resources ETF 6.2 50 6 4.9 -3.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 6.2 80 -24 6.0 -1.9
BKIE BNY Mellon International Equity ETF 6.1 4 52 6.6 -1.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 5.9 7 49 6.6 -1.3
DEW WisdomTree Global High Dividend Fund 5.9 58 -2 8.7 +0.8
DGT SPDR Global Dow ETF 5.8 50 6 6.3 -1.6
MXI iShares Global Materials ETF 5.8 45 11 5.0 -2.9
IEFA iShares Core MSCI EAFE ETF 5.7 7 49 6.6 -1.3
MVIN Natixis Seeyond International Minimum Volatility ETF 5.7 56 0 5.8 -2.1
FDEV Fidelity Targeted International Factor ETF 5.5 39 17 6.2 -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%.

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

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.9 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 56 bp
Equals: ALTAR Score 7.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 CATEGORY
AVERAGE
1.54
 
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.