Global Beta Smart Income ETF
ALTAR
Score™
8.3% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
18.2x P/Sales
ratio
0.8x
P/BV
ratio
1.6x Div.
yield
4.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
GBDV tracks a revenue-weighted index of S&P 900 stocks with the highest dividend yield.

FUND BASICS
Category US Equities
Fund Sponsor Global Beta Advisors
Website globalbetaetf.com
Inception date Dec 26, 2019
Assets (mns) $2
Currency USD
Expense ratio 29 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 89
Wgt avg mkt cap (mns) $73,851
Large cap (>$10bn) 85.9%
Mid cap ($2-10bn) 12.5%
Small cap (<$2bn) 1.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
UNITED PARCEL SERVICE-CL B 7.0 %
ARCHER-DANIELS-MIDLAND CO 5.4 %
HP INC. 5.2 %
PFIZER INC 5.1 %
VERIZON COMMUNICATIONS INC 4.9 %
DOW, INC. 4.5 %
WALGREENS BOOTS ALLIANCE INC 4.0 %
MARATHON PETROLEUM 3.9 %
CHEVRON CORP 3.9 %
COCA-COLA CO/THE 3.7 %
Total 47.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.9 %
IRELAND 0.9 %
BRITAIN 0.2 %








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.
-16.6% -- -- -- -16.6%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $15.55
30d moving avg. $15.44
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 1
Turnover 1.0%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $2,054

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: GBDV Expense: 29 bp ALTAR Score™: 8.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GBDV
Ticker Fund
Name
Overlap1
vs GBDV
(%)
Expense
ratio
(bp)
Savings
vs GBDV
(bp)
ALTAR
Score™
(%)
ALTAR
vs GBDV
(%)
DHS WisdomTree U.S. High Dividend Fund 35.5 38 -9 8.6 +0.3
HDV iShares Core High Dividend ETF 32.4 8 21 6.8 -1.5
SCHD Schwab U.S. Dividend Equity ETF 31.2 6 23 7.8 -0.5
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 31.1 30 -1 9.2 +0.9
RDIV Invesco S&P Ultra Dividend Revenue ETF 29.4 39 -10 10.2 +1.9
SPYD SPDR S&P 500 High Dividend ETF 28.4 7 22 10.9 +2.7
DVY iShares Select Dividend ETF 27.7 39 -10 9.3 +1.1
DTN WisdomTree U.S. Dividend ex-Financials Fund 27.6 38 -9 7.8 -0.5
FDL First Trust Morningstar Dividend Leaders Index Fund 27.6 45 -16 10.0 +1.7
DURA VanEck Vectors Morningstar Durable Dividend ETF 27.2 29 0 6.9 -1.4
SPDV AAM S&P 500 High Dividend Value ETF 26.9 29 0 9.8 +1.5
SDOG ALPS Sector Dividend Dogs ETF 25.5 40 -11 10.0 +1.8
DJD Invesco Dow Jones Industrial Average Dividend ETF 24.2 7 22 6.8 -1.5
DEW WisdomTree Global High Dividend Fund 24.0 58 -29 9.4 +1.1
LVHD Legg Mason Low Volatility High Dividend ETF 23.0 27 2 8.1 -0.2
PEY Invesco High Yield Equity Dividend Achievers ETF 22.3 52 -23 9.7 +1.4
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 21.9 35 -6 8.3 +0.1
ONEY SPDR Russell 1000 Yield Focus ETF 21.7 20 9 8.7 +0.5
JKF iShares Morningstar Large Cap Value ETF 21.3 25 4 7.5 -0.8
RNDV US Equity Dividend Select ETF 20.1 50 -21 7.8 -0.5
VYM Vanguard High Dividend Yield Index ETF 20.0 6 23 7.3 -0.9
OUSA O'Shares FTSE US Quality Dividend ETF 19.6 48 -19 6.4 -1.8
JKI iShares Morningstar Mid-Cap Value ETF 19.5 30 -1 8.8 +0.5
JDIV JPMorgan U.S. Dividend ETF 19.3 12 17 7.6 -0.6
EDOW First Trust Dow 30 Equal Weight ETF 19.2 50 -21 5.9 -2.4
GBLO Global Beta Low Beta ETF 19.0 29 0 6.9 -1.4
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 18.9 35 -6 8.3 +0.1
USDY Pacific Global US Equity Income ETF 18.6 29 0 7.1 -1.2
DGRO iShares Core Dividend Growth ETF 18.6 8 21 6.8 -1.4
DLN WisdomTree U.S. LargeCap Dividend Fund 17.5 28 1 6.9 -1.4
FDRR Fidelity Dividend ETF for Rising Rates 17.4 29 0 7.5 -0.7
DTD WisdomTree U.S.Total Dividend Fund 17.4 28 1 7.0 -1.3
JHME John Hancock Multifactor Energy ETF 16.6 40 -11 4.2 -4.1
RYE Invesco S&P 500 Equal Weight Energy ETF 16.4 40 -11 4.2 -4.1
XLE Energy Select Sector SPDR Fund 16.4 13 16 5.1 -3.2
REVS Columbia Research Enhanced Value ETF 16.1 19 10 7.3 -1.0
MGV Vanguard Mega Cap Value ETF 15.6 7 22 7.1 -1.2
IYE iShares U.S. Energy ETF 15.4 42 -13 4.5 -3.7
SCHV Schwab U.S. Large-Cap Value ETF 15.2 4 25 7.0 -1.3
VOOV Vanguard S&P 500 Value ETF 15.1 10 19 7.2 -1.1
FENY Fidelity MSCI Energy Index ETF 15.0 8 21 4.7 -3.6
RFDA RiverFront Dynamic US Dividend Advantage ETF 15.0 52 -23 5.5 -2.8
IVE iShares S&P 500 Value ETF 14.8 18 11 7.1 -1.2
IUSV iShares Core S&P U.S. Value ETF 14.8 4 25 7.3 -1.0
SPYV SPDR Portfolio S&P 500 Value ETF 14.8 4 25 7.2 -1.1
COWZ Pacer US Cash Cows 100 ETF 14.8 49 -20 10.3 +2.0
VDE Vanguard Energy Index Fund 14.6 10 19 4.7 -3.6
PY Principal Shareholder Yield Index ETF 14.6 15 14 9.2 +0.9
NULV Nuveen ESG Large-Cap Value ETF 14.6 35 -6 7.1 -1.2
FTA First Trust Large Cap Value AlphaDEX Fund 14.3 60 -31 9.0 +0.7
ESGS Columbia Sustainable U.S. Equity Income ETF 14.3 35 -6 8.7 +0.4
AUSF Global X Adaptive U.S. Factor ETF 14.2 27 2 9.1 +0.8
VTV Vanguard Value Index Fund 14.2 4 25 7.2 -1.1
VALQ American Century STOXX U.S. Quality Value ETF 14.1 29 0 8.9 +0.7
FDVV Fidelity Core Dividend ETF 14.0 29 0 7.4 -0.8
SPVU Invesco S&P 500 Enhanced Value ETF 13.9 13 16 11.4 +3.1
JVAL JPMorgan U.S. Value Factor ETF 13.7 12 17 8.7 +0.4
IGE iShares North American Natural Resources ETF 13.7 46 -17 4.3 -4.0
PXI Invesco DWA Energy Momentum ETF 13.5 60 -31 0.8 -7.5
TPHD Timothy Plan High Dividend Stock ETF 13.5 52 -23 7.4 -0.9
RPV Invesco S&P 500 Pure Value ETF 13.5 35 -6 10.7 +2.4
XOP SPDR S&P Oil & Gas Exploration & Production ETF 13.2 35 -6 4.1 -4.2
VLUE iShares Edge MSCI USA Value Factor ETF 13.1 15 14 11.3 +3.0
QDIV Global X S&P 500 Quality Dividend ETF 13.0 20 9 7.5 -0.8
PRF Invesco FTSE RAFI US 1000 ETF 13.0 39 -10 7.1 -1.2
WBIY WBI Power Factor High Dividend ETF 13.0 70 -41 10.8 +2.5
VLU SPDR S&P 1500 Value Tilt ETF 12.8 12 17 7.4 -0.8
NANR SPDR S&P North American Natural Resources ETF 12.6 35 -6 3.5 -4.8
FTXN First Trust Nasdaq Oil & Gas ETF 12.6 60 -31 3.4 -4.9
IXC iShares Global Energy ETF 12.5 46 -17 6.5 -1.8
YLDE ClearBridge Dividend Strategy ESG ETF 12.5 60 -31 5.3 -3.0
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 12.4 29 0 9.1 +0.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 12.4 25 4 7.2 -1.1
DGRW WisdomTree U.S. Quality Dividend Growth Fund 12.3 28 1 7.2 -1.0
PFM Invesco Dividend Achievers ETF 12.3 53 -24 5.3 -3.0
FXN First Trust Energy AlphaDEX Fund 12.2 65 -36 3.1 -5.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 12.0 12 17 5.0 -3.3
SPVM Invesco S&P 500 Value with Momentum ETF 12.0 39 -10 8.7 +0.4
GCOW Pacer Global High Dividend ETF 11.9 60 -31 10.3 +2.1
FMK First Trust Mega Cap AlphaDEX Fund 11.8 70 -41 4.9 -3.4
RAFE PIMCO RAFI ESG U.S. ETF 11.8 29 0 7.5 -0.8
FAB First Trust Multi Cap Value AlphaDEX Fund 11.8 71 -42 9.5 +1.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 11.7 25 4 7.2 -1.1
IWX iShares Russell Top 200 Value ETF 11.7 20 9 6.7 -1.6
QDEF FlexShares Quality Dividend Defensive Index Fund 11.7 37 -8 6.8 -1.4
DON WisdomTree U.S. MidCap Dividend Fund 11.6 38 -9 7.5 -0.7
RWL Invesco S&P 500 Revenue ETF 11.5 39 -10 7.2 -1.1
MAGA Point Bridge GOP Stock Tracker ETF 11.5 72 -43 6.2 -2.1
VSL Volshares Large Capital ETF 11.5 65 -36 5.0 -3.2
DIV Global X SuperDividend US ETF 11.5 46 -17 5.9 -2.4
GUNR Flexshares Morningstar Global Upstream Natural Resources 11.3 46 -17 5.6 -2.6
ROUS Hartford Multifactor US Equity ETF 11.2 19 10 6.4 -1.9
DIVB iShares U.S. Dividend & Buyback ETF 11.1 25 4 7.0 -1.3
SDY SPDR S&P Dividend ETF 11.1 35 -6 7.0 -1.3
IUS Invesco Strategic US ETF 11.1 19 10 6.9 -1.4
IWD iShares Russell 1000 Value ETF 11.0 19 10 6.8 -1.5
EQWL Invesco Russell Top 200 Equal Weight ETF 11.0 25 4 6.1 -2.2
VONV Vanguard Russell 1000 Value Index Fund 11.0 8 21 6.9 -1.4
SPQQ Siren Large Cap Blend Index ETF 10.9 20 9 5.2 -3.1
GNR SPDR S&P Global Natural Resources ETF 10.9 40 -11 6.2 -2.1

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%.

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 Beta Smart Income 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 13.5 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 8.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 CATEGORY
AVERAGE
1.52
 
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.