Global Beta Low Beta ETF
ALTAR
Score™
7.5% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
15.9x P/Sales
ratio
0.9x
P/BV
ratio
3.3x Div.
yield
2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
GBLO tracks a revenue-weighted index of S&P 500 stocks with the lowest beta to the broad market.

FUND BASICS
Category US Equities
Fund Sponsor Global Beta Advisors
Website gblo.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 Revenue
Index replication
Uses derivatives Yes
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 102
Wgt avg mkt cap (mns) $203,132
Large cap (>$10bn) 98.6%
Mid cap ($2-10bn) 1.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
COSTCO WHOLESALE CORP 5.4 %
WAL-MART STORES INC 5.2 %
AMAZON.COM INC 5.2 %
CVS CAREMARK CORP 5.1 %
KROGER CO 5.0 %
WALGREENS BOOTS ALLIANCE INC 5.0 %
VERIZON COMMUNICATIONS INC 4.8 %
TARGET CORP 3.8 %
JOHNSON & JOHNSON 3.4 %
UNITED PARCEL SERVICE-CL B 3.4 %
Total 46.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.0 %
BRITAIN 1.0 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.1% -- -- -- -2.1%

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

Technical Indicators
Recent close $20.08
30d moving avg. $20.70
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $50,513

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: GBLO Expense: 29 bp ALTAR Score™: 7.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GBLO
Ticker Fund
Name
Overlap1
vs GBLO
(%)
Expense
ratio
(bp)
Savings
vs GBLO
(bp)
ALTAR
Score™
(%)
ALTAR
vs GBLO
(%)
ALTL Pacer Lunt Large Cap Alternator ETF 43.5 60 -31 5.3 -2.2
SPLV Invesco S&P 500 Low Volatility ETF 43.5 25 4 5.7 -1.9
FTXD First Trust Nasdaq Retail ETF 33.4 60 -31 5.9 -1.6
VYM Vanguard High Dividend Yield Index ETF 32.5 6 23 7.7 +0.2
SPXT ProShares S&P 500 Ex-Technology ETF 32.3 27 2 5.6 -1.9
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 32.2 35 -6 7.3 -0.2
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 32.1 60 -31 6.6 -0.9
MGV Vanguard Mega Cap Value ETF 31.8 7 22 7.5 -0.1
HUSV First Trust Horizon Managed Volatility Domestic ETF 30.8 70 -41 5.9 -1.7
RTH VanEck Vectors Retail ETF 30.8 35 -6 5.2 -2.3
VALQ American Century STOXX U.S. Quality Value ETF 30.6 29 0 9.2 +1.6
JHMS John Hancock Multifactor Consumer Staples ETF 30.3 40 -11 5.9 -1.7
DEF Invesco Defensive Equity ETF 30.3 55 -26 5.3 -2.2
RBUS Nationwide Risk-Based U.S. Equity ETF 30.2 30 -1 4.8 -2.8
JKF iShares Morningstar Large Cap Value ETF 30.1 25 4 7.9 +0.4
VOOV Vanguard S&P 500 Value ETF 29.7 10 19 7.5 -0.0
VTV Vanguard Value Index Fund 29.5 4 25 7.6 +0.0
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 29.4 12 17 4.8 -2.7
VIRS Pacer BioThreat Strategy ETF 29.0 70 -41 4.6 -2.9
USMV iShares Edge MSCI Min Vol USA ETF 28.7 15 14 5.7 -1.9
OUSA O'Shares FTSE US Quality Dividend ETF 28.5 48 -19 6.0 -1.5
PFM Invesco Dividend Achievers ETF 28.4 53 -24 5.5 -2.0
SPYV SPDR Portfolio S&P 500 Value ETF 28.4 4 25 7.5 +0.0
IVE iShares S&P 500 Value ETF 28.4 18 11 7.4 -0.1
FLQL Franklin LibertyQ U.S. Equity ETF 28.3 15 14 6.3 -1.3
RAFE PIMCO RAFI ESG U.S. ETF 28.0 29 0 7.9 +0.4
FMK First Trust Mega Cap AlphaDEX Fund 27.9 70 -41 4.7 -2.8
DGRO iShares Core Dividend Growth ETF 27.8 8 21 6.9 -0.7
LSLT Salt Low truBeta US Market ETF 27.8 60 -31 5.9 -1.6
DLN WisdomTree U.S. LargeCap Dividend Fund 27.7 28 1 6.6 -0.9
QLV FlexShares US Quality Low Volatility Index Fund 27.7 22 7 4.9 -2.6
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 27.7 25 4 6.0 -1.5
SPXN ProShares S&P 500 Ex-Financials ETF 27.4 27 2 4.9 -2.6
FVL First Trust Value Line 100 Exchange-Traded Fund 27.4 70 -41 5.4 -2.1
RHS Invesco S&P 500 Equal Weight Consumer Staples ETF 27.1 40 -11 6.6 -0.9
NACP Impact Shares NAACP Minority Empowerment ETF 27.1 75 -46 4.9 -2.7
ROUS Hartford Multifactor US Equity ETF 27.0 19 10 6.5 -1.0
MTUM iShares MSCI USA Momentum Factor ETF 26.9 15 14 4.2 -3.3
DGRW WisdomTree U.S. Quality Dividend Growth Fund 26.7 28 1 6.6 -0.9
IUSV iShares Core S&P U.S. Value ETF 26.6 4 25 7.6 +0.1
XLP Consumer Staples Select Sector SPDR Fund 26.5 13 16 5.5 -2.1
QUS SPDR MSCI USA StrategicFactors ETF 26.4 15 14 5.9 -1.6
RWL Invesco S&P 500 Revenue ETF 26.4 39 -10 7.4 -0.1
IWX iShares Russell Top 200 Value ETF 26.3 20 9 7.0 -0.5
FSTA Fidelity MSCI Consumer Staples Index ETF 26.3 8 21 5.5 -2.0
HSPX Global X S&P 500 Covered Call ETF 26.2 60 -31 4.9 -2.6
USDY Pacific Global US Equity Income ETF 26.2 29 0 7.0 -0.5
VFMV Vanguard U.S. Minimum Volatility ETF 26.2 13 16 4.4 -3.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 26.1 29 0 6.0 -1.5
SFY SoFi Select 500 ETF 26.0 0 29 5.1 -2.4
EQWL Invesco Russell Top 200 Equal Weight ETF 26.0 25 4 6.4 -1.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 26.0 9 20 5.6 -2.0
IEDI iShares Evolved U.S. Discretionary Spending ETF 25.9 18 11 3.6 -3.9
SCHV Schwab U.S. Large-Cap Value ETF 25.9 4 25 7.0 -0.5
VDC Vanguard Consumer Staples Index Fund 25.8 10 19 5.5 -2.1
ACIO Aptus Collared Income Opportunity ETF 25.8 79 -50 4.3 -3.2
FTCS First Trust Capital Strength ETF 25.8 58 -29 5.0 -2.6
SPXE ProShares S&P 500 Ex-Energy ETF 25.7 27 2 5.3 -2.3
DTD WisdomTree U.S.Total Dividend Fund 25.7 28 1 6.9 -0.7
BKLC BNY Mellon US Large Cap Core Equity ETF 25.7 0 29 5.1 -2.4
XYLG Global X S&P 500 Covered Call & Growth ETF 25.6 60 -31 5.0 -2.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 25.6 20 9 5.3 -2.2
MXDU Nationwide Maximum Diversification US Core Equity ETF 25.6 34 -5 4.7 -2.8
OEF iShares S&P 100 ETF 25.5 20 9 4.8 -2.7
FDLO Fidelity Low Volatility Factor ETF 25.5 29 0 5.4 -2.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 25.5 60 -31 4.1 -3.4
PBP Invesco S&P 500 BuyWrite ETF 25.5 49 -20 4.9 -2.6
IWL iShares Russell Top 200 ETF 25.4 15 14 4.9 -2.6
MGC Vanguard Mega Cap Index Fund 25.4 7 22 5.2 -2.4
SPY SPDR S&P 500 ETF Trust 25.3 9 20 5.3 -2.2
IVV iShares Core S&P 500 ETF 25.3 3 26 5.4 -2.1
SPLG SPDR Portfolio Large Cap ETF 25.2 3 26 5.4 -2.1
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 25.2 75 -46 5.6 -2.0
IQSU IQ Candriam ESG US Equity ETF 25.2 9 20 5.1 -2.5
JMIN JPMorgan U.S. Minimum Volatility ETF 25.1 12 17 5.6 -1.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 25.0 20 9 4.9 -2.6
VOO VANGUARD S&P 500 ETF 24.9 3 26 5.4 -2.1
EXT WisdomTree U.S. Total Earnings Fund 24.9 28 1 5.5 -2.0
IYC iShares U.S. Consumer Services ETF 24.6 43 -14 3.8 -3.8
AFLG First Trust Active Factor Large Cap ETF 24.4 55 -26 5.5 -2.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 24.3 12 17 4.7 -2.9
SPMO Invesco S&P 500 Momentum ETF 24.3 13 16 4.0 -3.5
DJD Invesco Dow Jones Industrial Average Dividend ETF 24.3 7 22 7.4 -0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 24.2 30 -1 6.7 -0.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 24.2 7 22 5.2 -2.4
HLAL Wahed FTSE USA Shariah ETF 24.1 50 -21 4.5 -3.0
ESG FlexShares STOXX US ESG Impact Index Fund 23.9 32 -3 5.1 -2.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 23.8 52 -23 5.2 -2.4
ESGV Vanguard ESG U.S. Stock ETF 23.8 12 17 5.1 -2.4
SPMV Invesco S&P 500 Minimum Variance ETF 23.7 10 19 5.8 -1.7
FTHI First Trust High Income ETF 23.7 85 -56 5.1 -2.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 23.6 2 27 5.2 -2.3
KXI iShares Global Consumer Staples ETF 23.6 46 -17 5.5 -2.0
PBUS Invesco PureBeta MSCI USA ETF 23.6 4 25 5.2 -2.4
VV Vanguard Large-Cap Index Fund 23.6 4 25 5.2 -2.3
SCIU Global X Scientific Beta US ETF 23.5 19 10 0.0 -7.5
SPQQ Siren Large Cap Blend Index ETF 23.5 20 9 4.9 -2.6
EFIV SPDR S&P 500 ESG ETF 23.4 10 19 5.1 -2.5
SNPE Xtrackers S&P 500 ESG ETF 23.4 10 19 5.1 -2.5
FLLV Franklin Liberty U.S. Low Volatility ETF 23.4 29 0 5.6 -2.0

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 Low Beta ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 23.3 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 7.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 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.