U.S. Global GO GOLD & Precious Metal Miners ETF
ALTAR
Score™
2.5% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
22.1x P/Sales
ratio
3.2x
P/BV
ratio
1.9x Div.
yield
1.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The U.S. Global GO GOLD and Precious Metal Miners ETF tracks an index of 28 precious metal mining firms listed in the US, Canada, Australia, Hong Kong or South Africa. Holdings are selected by fundamental factors and weighted in fixed tiers.

FUND BASICS
Category US Equities
Fund Sponsor US Global Investors
Website www.usglobaletfs.com
Inception date Jun 27, 2017
Assets (mns) $82
Currency USD
Expense ratio 60 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 29
Wgt avg mkt cap (mns) $7,620
Large cap (>$10bn) 20.4%
Mid cap ($2-10bn) 46.7%
Small cap (<$2bn) 32.9%
Developed mkts 84.9%
Emerging mkts 15.1%

TOP TEN HOLDINGS
SILVER WHEATON CORP 10.3 %
FRANCO-NEVADA CORP 9.6 %
ROYAL GOLD INC 9.1 %
SANDSTORM GOLD LTD 4.2 %
SSR MINING INC 4.1 %
CENTERRA GOLD INC 4.1 %
OCEANAGOLD CORP 4.0 %
B2GOLD CORP 4.0 %
HARMONY GOLD MNG-SPON ADR 3.5 %
KINROSS GOLD CORP 3.1 %
Total 56.0 %

TOP COUNTRY EXPOSURE
CANADA 63.9 %
SOUTH AFRICA 13.2 %
UNITED STATES 9.1 %
AUSTRALIA 7.7 %
BRITAIN 3.8 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
18.9% 48.5% -- -- 20.8%

Market Correlations
versus... Beta R-squared
S&P500 1.06 24%
MSCI EAFE 1.21 27%
MSCI Emg. Mkts. 1.04 31%

Technical Indicators
Recent close $20.98
30d moving avg. $19.53
Annualized volatility 37.0%
Short interest (ETF) 4.6%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 111
Turnover 2.9%
Bid/Ask (% of price) 0.49%
ADV underlying (mns) $2,810

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the U.S. Global GO GOLD & Precious Metal Miners ETF ETF based on the alternatives' overlap in portfolio holdings with GOAU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GOAU Expense: 60 bp ALTAR Score™: 2.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GOAU
Ticker Fund
Name
Overlap1
vs GOAU
(%)
Expense
ratio
(bp)
Savings
vs GOAU
(bp)
ALTAR
Score™
(%)
ALTAR
vs GOAU
(%)
SGDM Sprott Gold Miners ETF 41.6 50 10 2.9 +0.4
GOEX Global X Gold Explorers ETF 29.0 65 -5 3.2 +0.7
RING iShares MSCI Global Gold Miners ETF 25.1 39 21 3.4 +0.9
SLVP iShares MSCI Global Silver Miners ETF 19.7 39 21 1.7 -0.8
SILJ ETFMG Prime Junior Silver ETF 19.3 69 -9 0.5 -2.0
SIL Global X Silver Miners ETF 19.1 66 -6 1.8 -0.7
GDXJ VanEck Vectors Junior Gold Miners ETF 17.5 53 7 2.8 +0.3
GDX VanEck Vectors Gold Miners ETF 15.4 52 8 2.9 +0.4
NANR SPDR S&P North American Natural Resources ETF 12.1 35 25 3.4 +0.9
SGDJ ALPS Sprott Junior Gold Miners ETF 8.8 50 10 3.4 +0.9
FCAN First Trust Canada AlphaDex Fund 7.6 80 -20 4.8 +2.3
EPU iShares MSCI All Peru Capped ETF 7.3 59 1 5.8 +3.3
GUNR Flexshares Morningstar Global Upstream Natural Resources 5.9 46 14 5.8 +3.3
EWC iShares MSCI Canada ETF 5.6 49 11 6.9 +4.4
NKEF Sample Portfolio 5.2 0 60 4.0 +1.5
BBCA JPMorgan BetaBuilders Canada ETF 4.9 19 41 7.1 +4.6
QCAN SPDR MSCI Canada Quality Mix ETF 4.8 14 46 7.2 +4.7
XME SPDR S&P Metals & Mining ETF 4.7 35 25 8.5 +6.0
AADR AdvisorShares Dorsey Wright ADR ETF 4.5 110 -50 3.1 +0.6
FFTY Innovator IBD 50 ETF 4.1 80 -20 3.5 +1.0
AIIQ AI Powered International Equity ETF 4.0 79 -19 4.6 +2.1
FLCA Franklin FTSE Canada ETF 3.8 9 51 7.4 +4.9
PYZ Invesco DWA Basic Materials Momentum ETF 3.8 60 0 6.1 +3.6
GNR SPDR S&P Global Natural Resources ETF 3.8 40 20 6.7 +4.2
MXI iShares Global Materials ETF 3.6 46 14 6.1 +3.6
AVDV Avantis International Small Cap Value ETF 3.4 36 24 7.8 +5.3
AFK VanEck Vectors Africa Index ETF 3.4 79 -19 8.9 +6.4
AGT iShares MSCI Argentina & Global Exposure ETF A 3.3 59 1 5.4 +2.9
SCHC Schwab International Small-Cap Equity ETF 3.3 11 49 6.9 +4.4
ARGT Global X MSCI Argentina ETF 3.3 60 0 5.4 +2.9
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 2.7 40 20 8.9 +6.4
EQWM Invesco S&P MidCap Quality ETF 2.6 25 35 6.5 +4.0
IMTM iShares Edge MSCI Intl Momentum Factor ETF 2.5 30 30 4.4 +1.9
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 2.4 11 49 6.9 +4.4
GRES IQ Global Resources ETF 2.2 77 -17 7.6 +5.1
INTF iShares Edge MSCI Multifactor Intl ETF 2.2 30 30 8.0 +5.5
EGPT VanEck Vectors Egypt Index ETF 2.1 96 -36 9.2 +6.7
HAP VanEck Vectors Natural Resources ETF 2.0 50 10 6.4 +3.9
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 1.9 32 28 6.4 +3.9
FXZ First Trust Materials AlphaDEX Fund 1.9 65 -5 7.3 +4.8
DWCR Arrow DWA Country Rotation ETF 1.9 95 -35 17.3 +14.8
FAUS First Trust Australia AlphaDEX Fund 1.9 80 -20 7.8 +5.3
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 1.8 40 20 6.2 +3.7
EYLD Cambria Emerging Shareholder Yield ETF 1.8 66 -6 16.6 +14.1
BATT Amplify Advanced Battery Metals & Materials ETF 1.8 72 -12 2.7 +0.2
QMOM Alpha Architect U.S. Quantitative Momentum ETF 1.8 49 11 2.2 -0.3
UIVM VictoryShares USAA MSCI International Value Momentum ETF 1.7 35 25 8.9 +6.4
FDT First Trust Developed Markets ex-US Alphadex Fund 1.6 80 -20 7.7 +5.2
GWX SPDR S&P International Small Cap ETF 1.4 40 20 6.8 +4.3
IYM iShares U.S. Basic Materials ETF 1.4 42 18 5.4 +2.9
IDMO Invesco S&P International Developed Momentum ETF 1.4 26 34 4.6 +2.1
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 1.4 83 -23 5.4 +2.9
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 1.3 20 40 4.7 +2.2
JHMA John Hancock Multifactor Materials ETF 1.3 40 20 6.8 +4.3
AVDE Avantis International Equity ETF 1.2 23 37 8.0 +5.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.2 49 11 6.8 +4.3
FNDC Schwab Fundamental International Small Co. Index ETF 1.2 39 21 7.5 +5.0
ACWV iShares Edge MSCI Min Vol Global ETF 1.2 20 40 5.7 +3.2
QINT American Century Quality Diversified International ETF 1.1 39 21 5.9 +3.4
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 1.1 18 42 5.9 +3.4
PACA Xtrackers MSCI Latin America Pacific Alliance ETF 1.0 45 15 8.3 +5.8
PEXL Pacer US Export Leaders ETF 1.0 60 0 6.1 +3.6
FMAT Fidelity MSCI Materials Index ETF 1.0 8 52 6.1 +3.6
VAW Vanguard Materials Index Fund 1.0 10 50 6.1 +3.6
IJK iShares S&P Mid-Cap 400 Growth ETF 0.9 24 36 4.9 +2.4
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.9 15 45 5.0 +2.5
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.9 15 45 5.0 +2.5
EWUS iShares MSCI United Kingdom Small Cap ETF 0.9 59 1 8.5 +6.0
PIZ Invesco DWA Developed Markets Momentum ETF 0.9 81 -21 4.3 +1.8
SDIV Global X SuperDividend ETF 0.9 59 1 13.4 +10.9
FTRI First Trust Indxx Global Natural Resources Income ETF 0.9 70 -10 9.6 +7.1
MVIN Natixis Seeyond International Minimum Volatility ETF 0.8 56 4 5.4 +2.9
RFFC RiverFront Dynamic US Flex-Cap ETF 0.8 52 8 4.7 +2.2
ISZE iShares Edge MSCI Intl Size Factor ETF 0.8 30 30 7.5 +5.0
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 0.7 51 9 13.5 +11.0
RFG Invesco S&P Midcap 400 Pure Growth ETF 0.7 35 25 4.0 +1.5
EWA iShares MSCI Australia ETF 0.7 50 10 6.2 +3.7
QLV FlexShares US Quality Low Volatility Index Fund 0.7 22 38 4.9 +2.4
IGE iShares North American Natural Resources ETF 0.7 46 14 4.1 +1.6
IDEV iShares Core MSCI International Developed Markets ETF 0.7 5 55 7.3 +4.8
AVEM Avantis Emerging Markets Equity ETF 0.7 33 27 9.2 +6.7
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 0.7 80 -20 18.3 +15.8
ACWF iShares FactorSelect MSCI Global ETF 0.7 35 25 8.1 +5.6
VEA Vanguard FTSE Developed Markets ETF 0.6 5 55 7.5 +5.0
MXDU Nationwide Maximum Diversification US Core Equity ETF 0.6 34 26 4.9 +2.4
ISDS Invesco Strategic Developed ex-US Small Company ETF 0.6 35 25 6.9 +4.4
FDEV Fidelity Targeted International Factor ETF 0.6 39 21 6.5 +4.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.6 39 21 6.7 +4.2
RFDI First Trust Riverfront Dynamic Developed International ETF 0.6 83 -23 5.7 +3.2
VSGX Vanguard ESG International Stock ETF 0.6 17 43 7.3 +4.8
FLZA Franklin FTSE South Africa ETF 0.5 19 41 11.5 +9.0
IDLB Invesco FTSE International Low Beta Equal Weight ETF 0.5 45 15 7.3 +4.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 0.5 16 44 7.0 +4.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.5 29 31 8.8 +6.3
SPDW SPDR Portfolio Developed World ex-US ETF 0.5 4 56 7.2 +4.7
AIEQ AI Powered Equity ETF 0.5 87 -27 3.7 +1.2
MDY SPDR S&P Midcap 400 ETF Trust 0.5 23 37 6.5 +4.0
IJH iShares Core S&P Mid-Cap ETF 0.5 6 54 6.7 +4.2
SPMD SPDR Portfolio Mid Cap ETF 0.5 5 55 6.7 +4.2

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:
U.S. Global GO GOLD & Precious Metal Miners ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 5.4 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 2.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 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.