Global Beta Smart Income ETF
ALTAR
Score™
8.3% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
16.3x P/Sales
ratio
1.0x
P/BV
ratio
1.7x Div.
yield
4.7%


  • 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 92
Wgt avg mkt cap (mns) $48,101
Large cap (>$10bn) 74.4%
Mid cap ($2-10bn) 25.3%
Small cap (<$2bn) 0.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
WALGREENS BOOTS ALLIANCE INC 5.2 %
EXXON MOBIL CORP 5.0 %
VALERO ENERGY CORP 4.4 %
INTL BUSINESS MACHINES CORP 4.4 %
VERIZON COMMUNICATIONS INC 4.1 %
HEWLETT PACKARD ENTERPRISE CO. 3.7 %
PHILIP MORRIS INTERNATIONAL 3.6 %
GILEAD SCIENCES INC 3.2 %
CENTURYTEL INC 3.0 %
INTERNATIONAL PAPER CO 2.8 %
Total 39.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.1 %
IRELAND 1.3 %
BRITAIN 0.3 %








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.
-3.7% -- -- -- -3.7%

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

Technical Indicators
Recent close $18.53
30d moving avg. $17.80
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 1
Turnover 1.0%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $12,291

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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
(%)
SDOG ALPS Sector Dividend Dogs ETF 41.7 40 -11 8.7 +0.4
WBIY WBI Power Factor High Dividend ETF 40.6 70 -41 8.4 +0.1
SPYD SPDR S&P 500 High Dividend ETF 35.6 7 22 9.2 +0.9
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 34.7 30 -1 8.1 -0.2
RDIV Invesco S&P Ultra Dividend Revenue ETF 33.3 39 -10 8.7 +0.5
DVY iShares Select Dividend ETF 33.1 39 -10 8.0 -0.3
PEY Invesco High Yield Equity Dividend Achievers ETF 32.6 52 -23 8.1 -0.2
DHS WisdomTree U.S. High Dividend Fund 25.2 38 -9 8.4 +0.1
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 24.7 35 -6 7.6 -0.7
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 24.6 35 -6 7.7 -0.6
FDL First Trust Morningstar Dividend Leaders Index Fund 24.5 45 -16 9.1 +0.9
SCHD Schwab U.S. Dividend Equity ETF 23.4 6 23 7.1 -1.1
SPDV AAM S&P 500 High Dividend Value ETF 21.9 29 0 8.4 +0.1
DTN WisdomTree U.S. Dividend ex-Financials Fund 20.3 38 -9 7.6 -0.6
RPV Invesco S&P 500 Pure Value ETF 19.6 35 -6 9.9 +1.6
AUSF Global X Adaptive U.S. Factor ETF 18.7 27 2 8.0 -0.2
JDIV JPMorgan U.S. Dividend ETF 18.3 12 17 6.7 -1.5
ESGS Columbia Sustainable U.S. Equity Income ETF 18.2 35 -6 7.5 -0.8
RNDV US Equity Dividend Select ETF 18.0 50 -21 7.4 -0.9
ONEY SPDR Russell 1000 Yield Focus ETF 18.0 20 9 7.2 -1.1
JKI iShares Morningstar Mid-Cap Value ETF 16.1 30 -1 7.6 -0.7
FTA First Trust Large Cap Value AlphaDEX Fund 15.9 60 -31 7.4 -0.9
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 15.4 75 -46 5.3 -2.9
DURA VanEck Vectors Morningstar Durable Dividend ETF 15.3 29 0 8.2 -0.1
DON WisdomTree U.S. MidCap Dividend Fund 15.3 38 -9 6.7 -1.6
DEW WisdomTree Global High Dividend Fund 14.7 58 -29 8.7 +0.5
PY Principal Shareholder Yield Index ETF 14.6 15 14 7.9 -0.4
VYM Vanguard High Dividend Yield Index ETF 14.3 6 23 6.6 -1.7
TPHD Timothy Plan High Dividend Stock ETF 14.2 52 -23 5.6 -2.7
LVHD Legg Mason Low Volatility High Dividend ETF 14.2 27 2 7.7 -0.6
SDY SPDR S&P Dividend ETF 13.7 35 -6 6.4 -1.9
DJD Invesco Dow Jones Industrial Average Dividend ETF 13.6 7 22 6.3 -2.0
JHME John Hancock Multifactor Energy ETF 13.3 40 -11 3.3 -5.0
FAB First Trust Multi Cap Value AlphaDEX Fund 13.1 71 -42 7.5 -0.8
FXN First Trust Energy AlphaDEX Fund 13.1 65 -36 1.8 -6.5
SPVU Invesco S&P 500 Enhanced Value ETF 12.9 13 16 9.5 +1.2
PUI Invesco DWA Utilities Momentum ETF 12.9 60 -31 5.3 -3.0
FCTR First Trust Lunt U.S. Factor Rotation ETF 12.7 65 -36 1.2 -7.1
MAGA Point Bridge GOP Stock Tracker ETF 12.6 72 -43 5.3 -2.9
VPU Vanguard Utilities Index Fund 12.3 10 19 5.7 -2.6
EQRR ProShares Equities for Rising Rates ETF 12.3 35 -6 6.1 -2.2
FUTY Fidelity MSCI Utilities Index ETF 12.3 8 21 5.7 -2.6
VFVA Vanguard U.S. Value Factor ETF 12.2 14 15 8.5 +0.2
IGE iShares North American Natural Resources ETF 12.1 46 -17 3.6 -4.7
IDU iShares U.S. Utilities ETF 12.1 43 -14 5.4 -2.9
VOOV Vanguard S&P 500 Value ETF 12.0 10 19 6.6 -1.7
XLE Energy Select Sector SPDR Fund 11.9 13 16 3.9 -4.4
IYE iShares U.S. Energy ETF 11.9 42 -13 3.5 -4.8
RVRS Reverse Cap Weighted U.S. Large Cap ETF 11.6 29 0 6.1 -2.2
RYE Invesco S&P 500 Equal Weight Energy ETF 11.6 40 -11 3.2 -5.1
QDEF FlexShares Quality Dividend Defensive Index Fund 11.6 37 -8 5.6 -2.7
NUMV Nuveen ESG Mid-Cap Value ETF 11.5 40 -11 6.0 -2.2
JHMU John Hancock Multifactor Utilities ETF 11.5 40 -11 5.8 -2.5
DIV Global X SuperDividend US ETF 11.5 46 -17 5.3 -3.0
VDE Vanguard Energy Index Fund 11.5 10 19 3.4 -4.8
FENY Fidelity MSCI Energy Index ETF 11.5 8 21 3.6 -4.7
FUNL CornerCap Fundametrics Large-Cap ETF 11.5 50 -21 7.2 -1.1
DTD WisdomTree U.S.Total Dividend Fund 11.4 28 1 6.3 -2.0
HDV iShares Core High Dividend ETF 11.4 8 21 6.3 -2.0
FDVV Fidelity Core Dividend ETF 11.3 29 0 6.1 -2.2
QSY WisdomTree U.S. LargeCap Value Fund 11.1 38 -9 6.8 -1.5
JVAL JPMorgan U.S. Value Factor ETF 11.1 12 17 7.2 -1.1
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 11.1 15 14 6.0 -2.3
VALQ American Century STOXX U.S. Quality Value ETF 11.1 29 0 7.9 -0.4
VOE Vanguard Mid-Cap Value Index Fund 11.0 7 22 6.6 -1.7
PFM Invesco Dividend Achievers ETF 10.9 53 -24 5.1 -3.2
JKL iShares Morningstar Small Cap Value ETF 10.7 30 -1 7.6 -0.7
NULV Nuveen ESG Large-Cap Value ETF 10.6 35 -6 6.0 -2.3
FDRR Fidelity Dividend ETF for Rising Rates 10.4 29 0 6.0 -2.2
FXU First Trust Utilities AlphaDEX Fund 10.4 63 -34 6.0 -2.3
IXC iShares Global Energy ETF 10.3 46 -17 5.1 -3.2
GBLO Global Beta Low Beta ETF 10.3 29 0 7.3 -0.9
GCOW Pacer Global High Dividend ETF 10.3 60 -31 9.9 +1.6
VLUE iShares MSCI USA Value Factor ETF 10.2 15 14 9.8 +1.5
EDOW First Trust Dow 30 Equal Weight ETF 10.2 50 -21 5.2 -3.1
RYU Invesco S&P 500 Equal Weight Utilities ETF 10.2 40 -11 6.0 -2.3
XLU Utilities Select Sector SPDR Fund 10.2 13 16 5.5 -2.8
DLN WisdomTree U.S. LargeCap Dividend Fund 10.2 28 1 6.2 -2.1
VTV Vanguard Value Index Fund 10.2 4 25 6.5 -1.8
VLU SPDR S&P 1500 Value Tilt ETF 10.2 12 17 6.2 -2.1
STLV iShares Factors US Value Style ETF 10.1 25 4 6.5 -1.8
FTXN First Trust Nasdaq Oil & Gas ETF 10.1 60 -31 2.3 -6.0
COWZ Pacer US Cash Cows 100 ETF 10.0 49 -20 10.3 +2.1
EWCO Invesco S&P 500 Equal Weight Communication Services ETF 10.0 40 -11 6.4 -1.8
JHCS John Hancock Multifactor Media & Communications ETF 10.0 40 -11 5.0 -3.3
IUSV iShares Core S&P U.S. Value ETF 10.0 4 25 6.4 -1.9
MGV Vanguard Mega Cap Value ETF 10.0 7 22 6.4 -1.8
FNDX Schwab Fundamental U.S. Large Co. Index ETF 10.0 25 4 5.8 -2.5
FNK First Trust Mid Cap Value AlphaDEX Fund 9.9 70 -41 7.8 -0.5
MDYV SPDR S&P 400 Mid Cap Value ETF 9.8 15 14 6.9 -1.3
IJJ iShares S&P Mid-Cap 400 Value ETF 9.8 18 11 6.9 -1.4
VONV Vanguard Russell 1000 Value Index Fund 9.8 8 21 6.1 -2.1
FXO First Trust Financials AlphaDEX Fund 9.8 63 -34 9.1 +0.8
FMK First Trust Mega Cap AlphaDEX Fund 9.8 70 -41 5.0 -3.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 9.8 47 -18 5.9 -2.4
JXI iShares Global Utilities ETF 9.8 46 -17 5.5 -2.8
EMLP First Trust North American Energy Infrastructure Fund 9.7 96 -67 4.9 -3.4
QDF FlexShares Quality Dividend Index Fund 9.7 37 -8 5.6 -2.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 9.7 15 14 6.7 -1.6

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 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 13.9 %
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
1.70 CATEGORY
AVERAGE
1.49
 
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.