Global Beta Momentum-Growth ETF
ALTAR
Score™
5.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
25.0x P/Sales
ratio
3.4x
P/BV
ratio
4.5x Div.
yield
1.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
GBGR tracks a market cap-weighted index of US large cap growth stocks, selected by year-over-year revenue growth rate.

FUND BASICS
Category US Equities
Fund Sponsor Global Beta Advisors
Website gbgr.globalbetaetf.com
Inception date Jul 24, 2020
Assets (mns) $3
Currency USD
Expense ratio 29 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 101
Wgt avg mkt cap (mns) $518,969
Large cap (>$10bn) 99.4%
Mid cap ($2-10bn) 0.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 9.8 %
APPLE INC 9.5 %
FACEBOOK 6.5 %
NVIDIA CORP 6.1 %
PAYPAL HOLDINGS INC 4.6 %
BERKSHIRE HATHAWAY INC-CL B 4.4 %
INTEL CORP 3.7 %
BROADCOM INC. 2.9 %
HOME DEPOT INC 2.9 %
WAL-MART STORES INC 2.1 %
Total 52.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.9 %
SWITZERLAND 0.7 %
IRELAND 0.3 %
BERMUDA 0.1 %







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.
0.6% -- -- -- 0.6%

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

Technical Indicators
Recent close $22.23
30d moving avg. $21.50
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $61,564

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: GBGR Expense: 29 bp ALTAR Score™: 5.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GBGR
Ticker Fund
Name
Overlap1
vs GBGR
(%)
Expense
ratio
(bp)
Savings
vs GBGR
(bp)
ALTAR
Score™
(%)
ALTAR
vs GBGR
(%)
SPMO Invesco S&P 500 Momentum ETF 58.7 13 16 4.0 -1.1
MGK Vanguard Mega Cap Growth ETF 44.3 7 22 3.9 -1.2
VOOG Vanguard S&P 500 Growth ETF 43.1 10 19 4.1 -1.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 42.0 49 -20 3.9 -1.2
SPYG SPDR Portfolio S&P 500 Growth ETF 41.8 4 25 4.2 -0.9
IVW iShares S&P 500 Growth ETF 41.8 18 11 4.1 -1.0
QYLD Global X NASDAQ 100 Covered Call ETF 41.7 60 -31 3.4 -1.7
XLK Technology Select Sector SPDR Fund 41.6 13 16 4.5 -0.6
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 41.4 60 -31 3.4 -1.7
NUSI Nationwide Risk-Managed Income ETF 41.3 68 -39 3.6 -1.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 41.2 12 17 4.2 -0.9
QQQM Invesco NASDAQ 100 ETF 41.0 15 14 3.8 -1.3
QQQ Invesco QQQ Trust 41.0 20 9 3.7 -1.4
IWY iShares Russell Top 200 Growth ETF 40.9 20 9 3.8 -1.3
TMFC Motley Fool 100 Index ETF 40.8 50 -21 3.2 -1.9
VUG Vanguard Growth Index Fund 40.6 4 25 3.7 -1.4
SCHG Schwab U.S. Large-Cap Growth ETF 40.6 4 25 3.4 -1.7
HIPR Direxion High Growth ETF 40.1 40 -11 4.4 -0.7
IUSG iShares Core S&P US Growth ETF 40.0 4 25 4.2 -0.9
IYW iShares U.S. Technology ETF 39.6 43 -14 3.7 -1.4
IWF iShares Russell 1000 Growth ETF 39.4 19 10 3.6 -1.5
IGM iShares Expanded Tech Sector ETF 39.3 46 -17 3.6 -1.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 39.1 60 -31 3.8 -1.3
XLG Invesco S&P 500 Top 50 ETF 39.1 20 9 4.3 -0.8
SYG SPDR MFS Systematic Growth Equity ETF 38.9 60 -31 4.1 -1.0
VONG Vanguard Russell 1000 Growth Index Fund 38.6 8 21 3.8 -1.4
IETC iShares Evolved U.S. Technology ETF 38.4 18 11 3.6 -1.5
FTEC Fidelity MSCI Information Technology Index ETF 37.9 8 21 4.2 -0.9
VGT Vanguard Information Technology Index Fund 37.6 10 19 4.2 -0.9
JKD iShares Morningstar Large-Cap ETF 37.4 20 9 5.4 +0.3
MTUM iShares MSCI USA Momentum Factor ETF 37.2 15 14 4.0 -1.1
IXN iShares Global Tech ETF 36.8 46 -17 4.1 -1.0
OEF iShares S&P 100 ETF 36.6 20 9 4.5 -0.6
BKLC BNY Mellon US Large Cap Core Equity ETF 36.2 0 29 4.8 -0.3
STLG iShares Factors US Growth Style ETF 36.1 25 4 4.2 -0.9
ESGV Vanguard ESG U.S. Stock ETF 36.0 12 17 4.7 -0.4
IWL iShares Russell Top 200 ETF 35.8 15 14 4.6 -0.5
RECS Columbia Research Enhanced Core ETF 35.7 15 14 5.3 +0.2
MGC Vanguard Mega Cap Index Fund 34.8 7 22 4.8 -0.3
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 34.8 21 8 2.9 -2.2
VEGN US Vegan Climate ETF 34.7 60 -31 4.7 -0.4
PBP Invesco S&P 500 BuyWrite ETF 34.6 49 -20 4.7 -0.4
IQSU IQ Candriam ESG US Equity ETF 34.5 9 20 4.8 -0.3
HSPX Global X S&P 500 Covered Call ETF 34.5 60 -31 4.7 -0.5
FDMO Fidelity Momentum Factor ETF 34.3 29 0 3.2 -2.0
SPXE ProShares S&P 500 Ex-Energy ETF 34.2 27 2 4.9 -0.2
EFIV SPDR S&P 500 ESG ETF 34.2 10 19 4.8 -0.3
SPXN ProShares S&P 500 Ex-Financials ETF 34.2 27 2 4.6 -0.5
SPXV ProShares S&P 500 Ex-Health Care ETF 34.2 27 2 4.6 -0.5
SNPE Xtrackers S&P 500 ESG ETF 34.2 10 19 4.8 -0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 34.1 20 9 5.0 -0.1
XYLG Global X S&P 500 Covered Call & Growth ETF 33.9 60 -31 4.7 -0.5
SPY SPDR S&P 500 ETF Trust 33.5 9 20 5.0 -0.1
IVV iShares Core S&P 500 ETF 33.5 3 26 5.1 -0.0
SPLG SPDR Portfolio Large Cap ETF 33.5 3 26 5.1 -0.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 33.1 9 20 5.3 +0.2
VOO VANGUARD S&P 500 ETF 33.0 3 26 5.1 -0.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 32.7 19 10 5.6 +0.5
SFY SoFi Select 500 ETF 32.6 0 29 4.8 -0.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 32.5 15 14 5.9 +0.8
PWB Invesco Dynamic Large Cap Growth ETF 32.0 56 -27 3.3 -1.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 31.6 7 22 4.8 -0.3
USXF iShares ESG Advanced MSCI USA ETF 31.5 10 19 4.6 -0.5
FVL First Trust Value Line 100 Exchange-Traded Fund 31.3 70 -41 4.9 -0.2
DSI iShares MSCI KLD 400 Social ETF 31.2 25 4 4.8 -0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 31.2 2 27 4.9 -0.2
SYE SPDR MFS Systematic Core Equity ETF 31.1 60 -31 5.4 +0.3
AFLG First Trust Active Factor Large Cap ETF 31.0 55 -26 4.9 -0.2
ADME Aptus Drawdown Managed Equity ETF 31.0 79 -50 3.5 -1.6
PBUS Invesco PureBeta MSCI USA ETF 30.8 4 25 4.8 -0.3
CATH Global X S&P 500 Catholic Values Custom ETF 30.8 29 0 4.7 -0.4
SPTM SPDR Portfolio Total Stock Market ETF 30.7 3 26 5.1 +0.0
VV Vanguard Large-Cap Index Fund 30.6 4 25 4.8 -0.3
ACIO Aptus Collared Income Opportunity ETF 30.4 79 -50 4.4 -0.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 30.2 20 9 4.6 -0.5
SCHX Schwab U.S. Large-Cap ETF 30.1 3 26 4.8 -0.3
EPS WisdomTree U.S. Earnings 500 Fund 30.0 8 21 6.0 +0.9
SCHK Schwab 1000 Index ETF 29.4 5 24 4.8 -0.3
EXT WisdomTree U.S. Total Earnings Fund 29.3 28 1 5.2 +0.1
IWB iShares Russell 1000 ETF 29.3 15 14 4.7 -0.4
ESGU iShares MSCI USA ESG Optimized ETF 29.2 15 14 4.7 -0.4
ESG FlexShares STOXX US ESG Impact Index Fund 29.1 32 -3 4.8 -0.4
TECB iShares US Tech Breakthrough Multisector ETF 29.0 40 -11 3.9 -1.2
IYY iShares Dow Jones U.S. ETF 29.0 20 9 4.7 -0.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 28.4 10 19 5.0 -0.1
SUSL iShares ESG MSCI USA Leaders ETF 28.4 10 19 5.0 -0.1
JHMT John Hancock Multifactor Technology ETF 28.3 40 -11 4.4 -0.7
VTHR Vanguard Russell 3000 Index Fund 28.3 10 19 4.7 -0.4
FCPI Fidelity Stocks for Inflation ETF 28.2 29 0 6.1 +1.0
QDEF FlexShares Quality Dividend Defensive Index Fund 28.2 37 -8 5.8 +0.7
QLC FlexShares US Quality Large Cap Index Fund 28.1 32 -3 4.9 -0.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 28.1 12 17 4.6 -0.5
DGRW WisdomTree U.S. Quality Dividend Growth Fund 28.1 28 1 6.2 +1.1
FQAL Fidelity Quality Factor ETF 28.0 29 0 5.2 +0.1
STLC iShares Factors US Blend Style ETF 27.9 25 4 5.0 -0.1
SPQQ Siren Large Cap Blend Index ETF 27.9 20 9 4.5 -0.6
QDYN FlexShares Quality Dividend Dynamic Index Fund 27.6 37 -8 5.7 +0.6
DLN WisdomTree U.S. LargeCap Dividend Fund 27.5 28 1 6.1 +1.0
SCHB Schwab U.S. Broad Market ETF 27.5 3 26 4.7 -0.4
SPHQ Invesco S&P 500 Quality ETF 27.4 15 14 4.4 -0.7

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%.

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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 Momentum-Growth 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 21.2 %
Divided by: Fwd. P/BV 3.9 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 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.