Global Beta Low Beta ETF
ALTAR
Score™
7.3% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
16.4x P/Sales
ratio
1.0x
P/BV
ratio
3.4x 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 101
Wgt avg mkt cap (mns) $217,862
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
WALGREENS BOOTS ALLIANCE INC 5.7 %
CVS CAREMARK CORP 5.3 %
KROGER CO 5.2 %
AMAZON.COM INC 5.1 %
WAL-MART STORES INC 4.9 %
COSTCO WHOLESALE CORP 4.8 %
AT&T INC 4.6 %
VERIZON COMMUNICATIONS INC 4.6 %
TARGET CORP 3.6 %
JOHNSON & JOHNSON 3.4 %
Total 47.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.1 %
BRITAIN 0.9 %









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.
3.0% -- -- -- 3.0%

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

Technical Indicators
Recent close $22.08
30d moving avg. $21.73
Annualized volatility 0.0%
Short interest (ETF) 0.4%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $53,322

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 7.3%


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
(%)
SPLV Invesco S&P 500 Low Volatility ETF 41.6 25 4 5.6 -1.7
SIXA 6 Meridian Mega Cap Equity ETF 36.5 82 -53 5.8 -1.5
DLN WisdomTree U.S. LargeCap Dividend Fund 33.4 28 1 6.1 -1.2
VYM Vanguard High Dividend Yield Index ETF 32.3 6 23 6.6 -0.7
JKF iShares Morningstar Large Cap Value ETF 31.8 25 4 6.6 -0.7
MGV Vanguard Mega Cap Value ETF 31.7 7 22 6.4 -0.9
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 30.8 35 -6 6.6 -0.7
DTD WisdomTree U.S.Total Dividend Fund 30.8 28 1 6.2 -1.1
OUSA O'Shares FTSE US Quality Dividend ETF 30.6 48 -19 5.5 -1.8
VOOV Vanguard S&P 500 Value ETF 30.5 10 19 6.6 -0.7
SPXT ProShares S&P 500 Ex-Technology ETF 30.3 27 2 4.8 -2.5
DGRW WisdomTree U.S. Quality Dividend Growth Fund 30.3 28 1 6.0 -1.3
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 30.2 25 4 5.8 -1.5
RBUS Nationwide Risk-Based U.S. Equity ETF 29.8 30 -1 4.6 -2.7
RTH VanEck Vectors Retail ETF 29.7 35 -6 4.8 -2.5
USMV iShares Edge MSCI Min Vol USA ETF 29.6 15 14 5.3 -2.0
HUSV First Trust Horizon Managed Volatility Domestic ETF 29.4 70 -41 4.8 -2.5
HDV iShares Core High Dividend ETF 29.3 8 21 6.3 -1.0
FLQL Franklin LibertyQ U.S. Equity ETF 29.2 15 14 5.9 -1.4
VIRS Pacer BioThreat Strategy ETF 28.8 70 -41 4.8 -2.6
DEF Invesco Defensive Equity ETF 28.8 55 -26 5.2 -2.1
QUS SPDR MSCI USA StrategicFactors ETF 28.4 15 14 5.2 -2.1
VTV Vanguard Value Index Fund 28.4 4 25 6.5 -0.8
QLV FlexShares US Quality Low Volatility Index Fund 28.3 22 7 4.3 -3.0
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 28.3 75 -46 5.3 -2.0
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 28.1 12 17 4.9 -2.4
PFM Invesco Dividend Achievers ETF 27.9 53 -24 5.0 -2.3
FTXD First Trust Nasdaq Retail ETF 27.9 60 -31 5.3 -2.0
JHMS John Hancock Multifactor Consumer Staples ETF 27.8 40 -11 5.7 -1.6
NACP Impact Shares NAACP Minority Empowerment ETF 27.4 49 -20 4.7 -2.6
LSLT Salt Low truBeta US Market ETF 27.3 60 -31 5.8 -1.6
RWL Invesco S&P 500 Revenue ETF 27.1 39 -10 6.2 -1.1
ESGV Vanguard ESG U.S. Stock ETF 26.2 12 17 4.5 -2.9
SPXN ProShares S&P 500 Ex-Financials ETF 25.8 27 2 4.3 -3.0
ROUS Hartford Multifactor US Equity ETF 25.7 19 10 5.8 -1.5
EQWL Invesco Russell Top 200 Equal Weight ETF 25.6 25 4 5.6 -1.7
RHS Invesco S&P 500 Equal Weight Consumer Staples ETF 25.4 40 -11 6.3 -1.0
EPS WisdomTree U.S. Earnings 500 Fund 25.4 8 21 5.9 -1.4
DGRO iShares Core Dividend Growth ETF 25.3 8 21 6.0 -1.3
IWX iShares Russell Top 200 Value ETF 25.3 20 9 6.0 -1.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 25.0 30 -1 5.0 -2.3
DURA VanEck Vectors Morningstar Durable Dividend ETF 25.0 29 0 8.1 +0.8
IEDI iShares Evolved U.S. Discretionary Spending ETF 24.8 18 11 3.4 -4.0
FDLO Fidelity Low Volatility Factor ETF 24.8 29 0 4.9 -2.4
OEF iShares S&P 100 ETF 24.8 20 9 4.2 -3.1
SPQQ Siren Large Cap Blend Index ETF 24.7 20 9 4.2 -3.1
FLLV Franklin Liberty U.S. Low Volatility ETF 24.7 29 0 4.9 -2.4
MGC Vanguard Mega Cap Index Fund 24.7 7 22 4.6 -2.7
JMIN JPMorgan U.S. Minimum Volatility ETF 24.7 12 17 5.3 -2.0
XLP Consumer Staples Select Sector SPDR Fund 24.6 13 16 5.4 -1.9
SFY SoFi Select 500 ETF 24.5 0 29 4.5 -2.8
IWL iShares Russell Top 200 ETF 24.5 15 14 4.4 -2.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 24.5 20 9 4.6 -2.8
BKLC BNY Mellon US Large Cap Core Equity ETF 24.5 0 29 4.5 -2.9
SPMO Invesco S&P 500 Momentum ETF 24.3 13 16 3.8 -3.5
RAFE PIMCO RAFI ESG U.S. ETF 24.3 30 -1 6.6 -0.7
SPMV Invesco S&P 500 Minimum Variance ETF 24.3 10 19 5.4 -1.9
SCHV Schwab U.S. Large-Cap Value ETF 24.3 4 25 6.0 -1.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 24.2 60 -31 3.6 -3.7
MXDU Nationwide Maximum Diversification US Core Equity ETF 24.2 34 -5 4.3 -3.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 24.2 9 20 4.8 -2.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 24.1 20 9 4.8 -2.6
FTCS First Trust Capital Strength ETF 24.1 58 -29 5.0 -2.3
WOMN Impact Shares YWCA Women's Empowerment ETF 24.0 75 -46 3.5 -3.9
PBP Invesco S&P 500 BuyWrite ETF 23.9 49 -20 4.3 -3.0
RFDA RiverFront Dynamic US Dividend Advantage ETF 23.9 52 -23 4.9 -2.4
FSTA Fidelity MSCI Consumer Staples Index ETF 23.9 8 21 5.4 -1.9
XLG Invesco S&P 500 Top 50 ETF 23.8 20 9 4.1 -3.3
SPXE ProShares S&P 500 Ex-Energy ETF 23.8 27 2 4.6 -2.7
XYLG Global X S&P 500 Covered Call & Growth ETF 23.7 60 -31 4.4 -2.9
VDC Vanguard Consumer Staples Index Fund 23.5 10 19 5.4 -2.0
AFLG First Trust Active Factor Large Cap ETF 23.3 55 -26 4.7 -2.7
VOO VANGUARD S&P 500 ETF 23.3 3 26 4.8 -2.5
DJD Invesco Dow Jones Industrial Average Dividend ETF 23.3 7 22 6.3 -1.1
SPY SPDR S&P 500 ETF Trust 23.2 9 20 4.7 -2.7
LVHD Legg Mason Low Volatility High Dividend ETF 23.2 27 2 7.7 +0.4
ACIO Aptus Collared Income Opportunity ETF 23.2 79 -50 3.8 -3.5
IVV iShares Core S&P 500 ETF 23.2 3 26 4.7 -2.6
SPLG SPDR Portfolio Large Cap ETF 23.2 3 26 4.7 -2.6
JQUA JPMorgan U.S. Quality Factor ETF 23.1 12 17 5.0 -2.3
VALQ American Century STOXX U.S. Quality Value ETF 23.0 29 0 7.8 +0.5
SIXL 6 Meridian Low Beta Equity Strategy ETF 22.8 84 -55 4.1 -3.2
EFIV SPDR S&P 500 ESG ETF 22.8 10 19 4.6 -2.8
SNPE Xtrackers S&P 500 ESG ETF 22.8 10 19 4.6 -2.7
IYC iShares U.S. Consumer Services ETF 22.7 43 -14 3.2 -4.1
ESG FlexShares STOXX US ESG Impact Index Fund 22.6 32 -3 4.4 -2.9
RESP WisdomTree US ESG Fund of Benef Interest 22.6 28 1 5.0 -2.3
SPYV SPDR Portfolio S&P 500 Value ETF 22.5 4 25 6.4 -1.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 22.5 15 14 5.8 -1.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 22.5 12 17 4.0 -3.3
IVE iShares S&P 500 Value ETF 22.4 18 11 6.2 -1.1
XVV iShares ESG Screened S&P 500 ETF 22.4 8 21 4.9 -2.5
NULV Nuveen ESG Large-Cap Value ETF 22.3 35 -6 6.0 -1.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 22.3 7 22 4.5 -2.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 22.2 30 -1 5.2 -2.1
JCTR JPMorgan Carbon Transition U.S. Equity ETF 22.2 15 14 4.6 -2.7
DSTL Distillate US Fundamental Stability & Value ETF 22.2 39 -10 5.6 -1.7

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 Low Beta 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 22.5 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 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.