Global X FinTech Thematic ETF
ALTAR
Score™
4.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
36.9x P/Sales
ratio
5.8x
P/BV
ratio
3.6x 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) $504
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 34
Wgt avg mkt cap (mns) $34,574
Large cap (>$10bn) 63.3%
Mid cap ($2-10bn) 33.9%
Small cap (<$2bn) 2.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FISERV INC 11.8 %
ADYEN NV 8.3 %
PAYPAL HOLDINGS INC 6.6 %
FIDELITY NATIONAL INFORMATIO 5.7 %
SQUARE, INC. CLASS A 5.7 %
INTUIT INC 5.6 %
BLACK KNIGHT FINANCIAL SERVICES, I 5.3 %
XERO LIMITED 4.6 %
AFTERPAY TOUCH GROUP LTD. 4.5 %
GUIDEWIRE SOFTWARE INC 4.4 %
Total 62.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 59.5 %
NETHERLANDS 8.3 %
AUSTRALIA 5.3 %
BRAZIL 4.8 %
NEW ZEALAND 4.6 %
GERMANY 4.4 %
SWITZERLAND 3.8 %
DENMARK 2.6 %
JAPAN 0.2 %
CHINA 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.6% -2.7% -- -- 20.3%

Market Correlations
versus... Beta R-squared
S&P500 1.25 77%
MSCI EAFE 1.20 61%
MSCI Emg. Mkts. 0.88 50%

Technical Indicators
Recent close $31.32
30d moving avg. $28.31
Annualized volatility 24.0%
Short interest (ETF) 1.7%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 175
Turnover 1.1%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $5,119

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 4.6%


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
(%)
TPAY Tortoise Digital Payments Infrastructure Fund 35.6 40 28 5.9 +1.3
IPAY ETFMG Prime Mobile Payments ETF 35.2 75 -7 6.7 +2.1
GFIN Goldman Sachs Motif Finance Reimagined ETF 21.9 50 18 5.8 +1.2
ARKF ARK Fintech Innovation ETF 18.9 75 -7 1.1 -3.5
LEND Amplify CrowdBureau Peer-to-Peer Lending & Crowdfunding ETF 16.9 65 3 14.3 +9.7
DTEC ALPS Disruptive Technologies ETF 14.2 50 18 3.7 -0.9
FPX First Trust US IPO Index Fund 13.6 59 9 4.4 -0.2
MILN Global X Millennials Thematic ETF 12.3 50 18 3.2 -1.4
BOUT Innovator IBD Breakout Opportunities ETF 11.4 80 -12 2.9 -1.7
IYJ iShares U.S. Industrials ETF 11.3 42 26 6.0 +1.4
GIGE SoFi Gig Economy ETF 10.9 59 9 -0.4 -5.0
ARKW ARK Web x.0 ETF 9.5 76 -8 -0.8 -5.3
SHE SPDR SSGA Gender Diversity Index ETF 9.4 20 48 5.6 +1.0
KOIN Innovation Shares NextGen Protocol ETF 9.1 95 -27 4.5 -0.1
GVIP Goldman Sachs Hedge Industry VIP ETF 8.5 45 23 4.6 +0.0
HECO EcoLogical Strategy ETF 8.5 107 -39 3.4 -1.2
IPOS Renaissance International IPO ETF 8.3 80 -12 5.7 +1.1
ARKK ARK Innovation ETF 7.9 75 -7 -3.3 -7.9
IGV iShares North American Tech-Software ETF 7.6 46 22 2.7 -1.9
BUYZ Franklin Disruptive Commerce ETF 6.8 50 18 -0.1 -4.7
XSW SPDR S&P Software & Services ETF 6.5 35 33 3.7 -0.9
VGT Vanguard Information Technology Index Fund 6.1 10 58 4.9 +0.3
FTEC Fidelity MSCI Information Technology Index ETF 6.1 8 60 4.9 +0.3
GENY Principal Millennials Index ETF 6.0 45 23 4.4 -0.2
XLK Technology Select Sector SPDR Fund 6.0 13 55 5.1 +0.5
RYT Invesco S&P 500 Equal Weight Technology ETF 6.0 40 28 7.5 +2.9
IXN iShares Global Tech ETF 5.6 46 22 4.9 +0.3
PRN Invesco DWA Industrials Momentum ETF 5.5 60 8 4.8 +0.2
SPHQ Invesco S&P 500 Quality ETF 5.3 15 53 5.2 +0.6
ALFA AlphaClone Alternative Alpha ETF 5.3 65 3 4.0 -0.6
IGM iShares North American Tech ETF 5.2 46 22 4.1 -0.5
QGRO American Century STOXX U.S. Quality Growth ETF 5.2 29 39 3.2 -1.4
FDN First Trust Dow Jones Internet Index Fund 5.2 52 16 2.6 -2.0
PSJ Invesco Dynamic Software ETF 5.1 58 10 3.0 -1.6
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 5.1 63 5 7.2 +2.6
BLOK Amplify Transformational Data Sharing ETF 4.9 70 -2 5.6 +1.0
FDNI First Trust Dow Jones International Internet ETF 4.8 65 3 3.0 -1.6
JHMF John Hancock Multifactor Financials ETF 4.8 40 28 7.7 +3.1
ADME Aptus Drawdown Managed Equity ETF 4.8 81 -13 3.9 -0.7
FPXI First Trust International Equity Opportunities ETF 4.6 70 -2 3.0 -1.6
BLCN Reality Shares Nasdaq NextGen Economy ETF 4.5 68 0 4.6 +0.1
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 4.4 49 19 5.7 +1.1
TECB iShares US Tech Breakthrough Multisector ETF 4.4 40 28 4.2 -0.4
SFYF SoFi 50 ETF 4.2 29 39 5.7 +1.1
JKE iShares Morningstar Large-Cap Growth ETF 4.1 25 43 3.6 -1.0
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 4.1 75 -7 5.5 +0.9
FFTY Innovator IBD 50 ETF 4.0 80 -12 3.0 -1.6
ECOZ TrueMark ESG Active Opportunities ETF 4.0 58 10 4.6 +0.0
CWS AdvisorShares Focused Equity ETF 3.9 85 -17 5.5 +1.0
IWP iShares Russell Mid-Cap Growth ETF 3.8 24 44 4.4 -0.2
FPXE First Trust IPOX Europe Equity Opportunities ETF 3.8 70 -2 3.2 -1.4
JMOM JPMorgan U.S. Momentum Factor ETF 3.7 12 56 4.0 -0.6
QYLD Global X NASDAQ 100 Covered Call ETF 3.6 60 8 3.8 -0.8
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 3.6 60 8 3.9 -0.7
CLOU Global X Cloud Computing ETF 3.6 68 0 0.8 -3.8
IETC iShares Evolved U.S. Technology ETF 3.6 18 50 4.2 -0.4
LEGR First Trust Index Digital Transaction & Process Technology E 3.5 65 3 7.5 +2.9
NUSI Nationwide Risk-Managed Income ETF 3.5 68 0 3.8 -0.8
MGK Vanguard Mega Cap Growth ETF 3.4 7 61 4.4 -0.2
ENTR Entrepreneur 30 Fund 3.4 49 19 3.2 -1.4
CLRG IQ Chaikin U.S. Large Cap ETF 3.4 25 43 6.3 +1.7
SYG SPDR MFS Systematic Growth Equity ETF 3.4 60 8 4.7 +0.2
QQQ Invesco QQQ Trust 3.4 20 48 4.2 -0.4
LGLV SPDR Russell 1000 Low Volatility ETF 3.3 12 56 5.8 +1.2
FDLO Fidelity Low Volatility Factor ETF 3.3 29 39 5.3 +0.8
VEGN US Vegan Climate ETF 3.3 60 8 5.4 +0.8
FLLV Franklin Liberty U.S. Low Volatility ETF 3.3 29 39 5.8 +1.2
LRGF iShares Edge MSCI Multifactor USA ETF 3.2 20 48 7.1 +2.5
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 3.2 60 8 4.3 -0.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 3.2 35 33 4.6 +0.0
BOSS Global X Founder-Run Companies ETF 3.1 45 23 4.0 -0.6
VUG Vanguard Growth Index Fund 3.1 4 64 4.3 -0.3
USMV iShares Edge MSCI Min Vol USA ETF 3.1 15 53 5.8 +1.2
SCHG Schwab U.S. Large-Cap Growth ETF 3.0 4 64 4.4 -0.2
RPG Invesco S&P 500 Pure Growth ETF 3.0 35 33 4.6 -0.0
IBUY Amplify Online Retail ETF 2.9 65 3 -1.5 -6.1
RYJ Invesco Raymond James SB-1 Equity ETF 2.9 82 -14 3.8 -0.8
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 2.9 60 8 3.5 -1.1
FXL First Trust Technology AlphaDEX Fund 2.8 61 7 3.5 -1.1
VGFO Virtus WMC Global Factor Opportunities ETF 2.8 49 19 6.4 +1.8
IEFN iShares Evolved U.S. Financials ETF 2.8 18 50 9.1 +4.5
XNTK SPDR Morgan Stanley Technology ETF 2.8 35 33 4.1 -0.5
JKH iShares Morningstar Mid-Cap Growth ETF 2.8 30 38 2.6 -2.0
MOAT VanEck Vectors Morningstar Wide Moat ETF 2.7 49 19 6.2 +1.6
XITK SPDR FactSet Innovative Technology ETF 2.7 45 23 0.5 -4.1
TDV ProShares S&P Technology Dividend Aristocrats ETF 2.7 45 23 4.9 +0.3
VONG Vanguard Russell 1000 Growth Index Fund 2.7 8 60 4.5 -0.1
IWF iShares Russell 1000 Growth ETF 2.7 19 49 4.4 -0.2
XT iShares Exponential Technologies ETF 2.7 47 21 5.5 +0.9
RFDA RiverFront Dynamic US Dividend Advantage ETF 2.7 52 16 6.2 +1.6
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 2.7 15 53 6.9 +2.3
SFY SoFi Select 500 ETF 2.6 0 68 5.5 +0.9
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.6 57 11 5.2 +0.6
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 2.5 21 47 3.3 -1.3
PLAT WisdomTree Modern Tech Platforms Fund 2.4 45 23 1.4 -3.2
IWY iShares Russell Top 200 Growth ETF 2.4 20 48 4.4 -0.2
EWN iShares MSCI Netherlands ETF 2.4 50 18 5.6 +1.0
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 2.4 80 -12 1.9 -2.7
JHMT John Hancock Multifactor Technology ETF 2.3 40 28 5.2 +0.6
VSDA VictoryShares Dividend Accelerator ETF 2.3 35 33 4.9 +0.3

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 18.2 %
Divided by: Fwd. P/BV 3.5 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.51
 
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.