Global X FinTech Thematic ETF
ALTAR
Score™
3.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
49.5x P/Sales
ratio
7.8x
P/BV
ratio
5.3x Div.
yield
0.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X FinTech Thematic ETF tracks a market-cap-weighted index of companies in developed markets that derive significant revenues from providing financial technology products and services.

FUND BASICS
Category Global Equities
Fund Sponsor Global X
Website www.globalxfunds.com
Inception date Sep 12, 2016
Assets (mns) $872
Currency USD
Expense ratio 68 bp
Distributions Annually

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 33
Wgt avg mkt cap (mns) $43,961
Large cap (>$10bn) 71.4%
Mid cap ($2-10bn) 14.5%
Small cap (<$2bn) 3.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SQUARE, INC. CLASS A 9.4 %
STONECO LTD. CLASS A 6.2 %
ADYEN NV 6.1 %
AFTERPAY TOUCH GROUP LTD. 6.1 %
PAYPAL HOLDINGS INC 5.8 %
XERO LIMITED 5.6 %
INTUIT INC 5.5 %
FISERV INC 5.3 %
FIDELITY NATIONAL INFORMATIO 4.9 %
BILL.COM HOLDINGS, INC. 4.5 %
Total 59.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 57.3 %
BRAZIL 10.3 %
AUSTRALIA 8.1 %
NETHERLANDS 6.1 %
NEW ZEALAND 5.6 %
ITALY 3.9 %
SWITZERLAND 3.3 %
DENMARK 2.5 %
GERMANY 1.6 %
ISRAEL 0.7 %

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.
40.7% 40.0% -- -- 30.0%

Market Correlations
versus... Beta R-squared
S&P500 1.31 80%
MSCI EAFE 1.20 66%
MSCI Emg. Mkts. 0.90 47%

Technical Indicators
Recent close $42.65
30d moving avg. $40.08
Annualized volatility 27.4%
Short interest (ETF) 0.8%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 185
Turnover 0.9%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $8,102

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FINX Expense: 68 bp ALTAR Score™: 3.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FINX
Ticker Fund
Name
Overlap1
vs FINX
(%)
Expense
ratio
(bp)
Savings
vs FINX
(bp)
ALTAR
Score™
(%)
ALTAR
vs FINX
(%)
IPAY ETFMG Prime Mobile Payments ETF 39.1 75 -7 6.3 +3.3
TPAY Tortoise Digital Payments Infrastructure Fund 38.2 40 28 5.3 +2.3
ARKF ARK Fintech Innovation ETF 21.4 75 -7 0.4 -2.6
DTEC ALPS Disruptive Technologies ETF 14.7 50 18 3.0 -0.1
SHE SPDR SSGA Gender Diversity Index ETF 14.4 20 48 4.4 +1.4
LEND Amplify CrowdBureau Peer-to-Peer Lending & Crowdfunding ETF 13.8 65 3 17.1 +14.0
MILN Global X Millennials Thematic ETF 13.7 50 18 2.1 -0.9
IYJ iShares U.S. Industrials ETF 11.6 42 26 5.1 +2.0
FPXI First Trust International Equity Opportunities ETF 11.0 70 -2 3.4 +0.4
BLOK Amplify Transformational Data Sharing ETF 9.3 70 -2 5.0 +2.0
GIGE SoFi Gig Economy ETF 9.3 59 9 -0.5 -3.5
GBGR Global Beta Momentum-Growth ETF 9.2 29 39 5.1 +2.1
ARKW ARK Web x.0 ETF 9.0 76 -8 -0.8 -3.8
KOIN Innovation Shares NextGen Protocol ETF 8.9 95 -27 4.1 +1.1
BUYZ Franklin Disruptive Commerce ETF 8.9 50 18 -0.3 -3.3
FPX First Trust US IPO Index Fund 8.5 58 10 1.4 -1.7
ARKK ARK Innovation ETF 8.3 75 -7 -2.1 -5.1
FPXE First Trust IPOX Europe Equity Opportunities ETF 7.9 70 -2 2.2 -0.8
MMLG First Trust Multi-Manager Large Growth ETF 7.3 85 -17 2.0 -1.0
FDG American Century Focused Dynamic Growth ETF 7.3 45 23 1.5 -1.5
IGV iShares Expanded Tech-Software ETF 6.8 46 22 2.2 -0.8
FDNI First Trust Dow Jones International Internet ETF 6.8 65 3 2.5 -0.6
XSW SPDR S&P Software & Services ETF 6.7 35 33 4.2 +1.2
GENY Principal Millennials Index ETF 6.6 45 23 3.8 +0.8
FTEC Fidelity MSCI Information Technology Index ETF 6.3 8 60 4.2 +1.2
ECOZ TrueMark ESG Active Opportunities ETF 6.2 58 10 3.3 +0.3
VGT Vanguard Information Technology Index Fund 6.2 10 58 4.2 +1.2
FAUS First Trust Australia AlphaDEX Fund 6.1 80 -12 5.6 +2.5
XLK Technology Select Sector SPDR Fund 6.0 13 55 4.5 +1.5
BTEK BlackRock Future Tech ETF 6.0 88 -20 0.1 -2.9
FMK First Trust Mega Cap AlphaDEX Fund 5.9 70 -2 4.8 +1.8
SPQQ Siren Large Cap Blend Index ETF 5.8 20 48 4.4 +1.4
GVIP Goldman Sachs Hedge Industry VIP ETF 5.6 45 23 3.6 +0.6
IGM iShares Expanded Tech Sector ETF 5.5 46 22 3.6 +0.6
IXN iShares Global Tech ETF 5.5 46 22 4.1 +1.1
JHMF John Hancock Multifactor Financials ETF 5.4 40 28 6.9 +3.8
RYT Invesco S&P 500 Equal Weight Technology ETF 5.3 40 28 6.1 +3.1
PTF Invesco DWA Technology Momentum ETF 5.3 60 8 -0.8 -3.8
FDN First Trust Dow Jones Internet Index Fund 5.1 52 16 1.9 -1.2
JKE iShares Morningstar Large-Cap Growth ETF 5.1 25 43 2.9 -0.2
IPO Renaissance IPO ETF 5.0 60 8 1.2 -1.8
TECB iShares US Tech Breakthrough Multisector ETF 4.8 40 28 3.9 +0.9
FLLV Franklin Liberty U.S. Low Volatility ETF 4.5 29 39 5.3 +2.3
SYG SPDR MFS Systematic Growth Equity ETF 4.5 60 8 4.1 +1.1
EWN iShares MSCI Netherlands ETF 4.5 50 18 4.6 +1.5
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 4.5 63 5 5.6 +2.6
IMOM Alpha Architect International Quantitative Momentum ETF 4.5 59 9 3.2 +0.2
CLOU Global X Cloud Computing ETF 4.5 68 0 0.7 -2.4
ADME Aptus Drawdown Managed Equity ETF 4.4 79 -11 3.3 +0.3
NULG Nuveen ESG Large-Cap Growth ETF 4.4 35 33 3.6 +0.6
ENTR Entrepreneur 30 Fund 4.4 49 19 1.0 -2.0
VSL Volshares Large Capital ETF 4.4 65 3 4.2 +1.2
THNQ ROBO Global Artificial Intelligence ETF 4.3 68 0 1.5 -1.5
MGK Vanguard Mega Cap Growth ETF 4.1 7 61 3.8 +0.8
JKH iShares Morningstar Mid-Cap Growth ETF 4.0 30 38 1.9 -1.1
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 3.9 49 19 4.8 +1.7
EWEB Global X Emerging Markets Internet & E-commerce ETF 3.9 65 3 3.2 +0.1
FTC First Trust Large Cap Growth AlphaDEX Fund 3.9 61 7 2.5 -0.6
IETC iShares Evolved U.S. Technology ETF 3.8 18 50 3.6 +0.6
BOSS Global X Founder-Run Companies ETF 3.8 45 23 3.0 0.0
FLN First Trust Latin America AlphaDEX Fund 3.8 80 -12 10.5 +7.4
PLAT WisdomTree Modern Tech Platforms Fund 3.8 20 48 1.7 -1.3
JMOM JPMorgan U.S. Momentum Factor ETF 3.7 12 56 3.3 +0.3
FDLO Fidelity Low Volatility Factor ETF 3.7 29 39 5.0 +2.0
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 3.7 30 38 5.5 +2.5
FFTY Innovator IBD 50 ETF 3.6 80 -12 5.6 +2.6
BLCN Reality Shares Nasdaq NextGen Economy ETF 3.6 68 0 5.3 +2.3
SPMO Invesco S&P 500 Momentum ETF 3.6 13 55 4.0 +1.0
IPOS Renaissance International IPO ETF 3.6 80 -12 3.3 +0.3
CWS AdvisorShares Focused Equity ETF 3.6 85 -17 5.2 +2.2
WUGI Esoterica NextG Economy ETF 3.6 75 -7 1.3 -1.7
GURU Global X Guru Index ETF 3.5 75 -7 3.5 +0.5
VEGN US Vegan Climate ETF 3.5 60 8 4.7 +1.7
QYLD Global X NASDAQ 100 Covered Call ETF 3.5 60 8 3.3 +0.3
XT iShares Exponential Technologies ETF 3.5 47 21 4.7 +1.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 3.4 75 -7 2.7 -0.4
NUSI Nationwide Risk-Managed Income ETF 3.4 68 0 3.3 +0.2
CLRG IQ Chaikin U.S. Large Cap ETF 3.4 25 43 5.3 +2.3
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 3.4 60 8 3.5 +0.5
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 3.4 60 8 3.3 +0.3
JSML Janus Henderson Small Cap Growth Alpha ETF 3.4 30 38 7.2 +4.2
PWB Invesco Dynamic Large Cap Growth ETF 3.4 56 12 3.3 +0.3
QQQM Invesco NASDAQ 100 ETF 3.4 15 53 3.7 +0.7
QQQ Invesco QQQ Trust 3.4 20 48 3.7 +0.7
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 3.3 15 53 6.3 +3.3
SCHG Schwab U.S. Large-Cap Growth ETF 3.3 4 64 3.4 +0.3
VUG Vanguard Growth Index Fund 3.3 4 64 3.7 +0.7
LGLV SPDR Russell 1000 Low Volatility ETF 3.2 12 56 5.3 +2.2
LRGF iShares Edge MSCI Multifactor USA ETF 3.2 20 48 6.9 +3.8
XITK SPDR FactSet Innovative Technology ETF 3.2 45 23 0.5 -2.6
QGRO American Century STOXX U.S. Quality Growth ETF 3.1 29 39 3.2 +0.2
NIFE Direxion Fallen Knives ETF 3.1 50 18 4.7 +1.7
SFYF SoFi 50 ETF 3.1 29 39 0.8 -2.2
USMV iShares Edge MSCI Min Vol USA ETF 3.1 15 53 5.4 +2.4
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 3.1 59 9 4.0 +1.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 3.1 35 33 4.3 +1.2
IWY iShares Russell Top 200 Growth ETF 3.0 20 48 3.8 +0.8
SFY SoFi Select 500 ETF 3.0 0 68 4.8 +1.8
QQQJ Invesco NASDAQ Next Gen 100 ETF 3.0 15 53 3.1 +0.1

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

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 18.0 %
Divided by: Fwd. P/BV 4.8 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 3.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.48
 
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.