IQ Global Resources ETF
ALTAR
Score™
8.9% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
13.0x P/Sales
ratio
0.8x
P/BV
ratio
1.0x Div.
yield
4.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
IQ ARB Global Resources ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the price and yield performance of the IQ ARB Global Reseources Index

FUND BASICS
Category Global Equities
Fund Sponsor IndexIQ Advisors LLC
Website www.indexiq.com
Inception date Oct 27, 2009
Assets (mns) $23
Currency USD
Expense ratio 77 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon/The
Weighting Multi-Factor
Index replication Optimized
Uses derivatives Yes
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 215
Wgt avg mkt cap (mns) $25,361
Large cap (>$10bn) 67.0%
Mid cap ($2-10bn) 24.4%
Small cap (<$2bn) 8.7%
Developed mkts 84.0%
Emerging mkts 16.0%

TOP TEN HOLDINGS
CHINA SHENHUA ENERGY CO - H 10.7 %
HORMEL FOODS CORP 5.1 %
TYSON FOODS INC-CL A 4.0 %
UPM-KYMMENE OYJ 2.7 %
NEWMONT MINING CORP 1.9 %
ECOLAB INC 1.9 %
BARRICK GOLD CORP 1.8 %
GENERAL MILLS INC 1.7 %
STORA ENSO OYJ-R SHS 1.6 %
BHP BILLITON LTD 1.6 %
Total 33.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 32.5 %
CHINA 13.3 %
CANADA 10.3 %
BRITAIN 5.9 %
FINLAND 5.1 %
AUSTRALIA 4.9 %
JAPAN 3.2 %
HONG KONG 2.6 %
FRANCE 1.6 %
SWEDEN 1.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-19.9% -19.1% -2.2% -0.6% 0.4%

Market Correlations
versus... Beta R-squared
S&P500 0.58 57%
MSCI EAFE 0.61 62%
MSCI Emg. Mkts. 0.50 62%

Technical Indicators
Recent close $22.30
30d moving avg. $22.31
Annualized volatility 11.7%
Short interest (ETF) 2.8%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 41
Turnover 3.9%
Bid/Ask (% of price) 0.36%
ADV underlying (mns) $19,357

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: GRES Expense: 77 bp ALTAR Score™: 8.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GRES
Ticker Fund
Name
Overlap1
vs GRES
(%)
Expense
ratio
(bp)
Savings
vs GRES
(bp)
ALTAR
Score™
(%)
ALTAR
vs GRES
(%)
GUNR Flexshares Morningstar Global Upstream Natural Resources 31.2 46 31 7.6 -1.3
HAP VanEck Vectors Natural Resources ETF 28.1 50 27 8.1 -0.8
GNR SPDR S&P Global Natural Resources ETF 25.1 40 37 8.3 -0.6
MXI iShares Global Materials ETF 17.2 46 31 8.0 -0.9
NANR SPDR S&P North American Natural Resources ETF 14.6 35 42 4.8 -4.0
FXG First Trust Consumer Staples AlphaDEX Fund 13.3 64 13 8.3 -0.6
FTXG First Trust Nasdaq Food & Beverage ETF 13.3 60 17 6.9 -2.0
CHIE Global X China Energy ETF 12.4 66 11 11.1 +2.2
KOL VanEck Vectors Coal ETF 11.9 60 17 22.3 +13.4
IXC iShares Global Energy ETF 11.7 46 31 7.2 -1.7
RHS Invesco S&P 500 Equal Weight Consumer Staples ETF 11.3 40 37 6.6 -2.3
DEW WisdomTree Global High Dividend Fund 11.0 58 19 11.0 +2.1
DIET Defiance Next Gen Food & Agriculture ETF 10.6 30 47 5.7 -3.2
FILL iShares MSCI Global Energy Producers ETF 10.6 39 38 8.3 -0.6
JHMS John Hancock Multifactor Consumer Staples ETF 10.5 40 37 6.3 -2.5
IECS iShares Evolved U.S. Consumer Staples ETF 10.0 18 59 6.1 -2.8
JMIN JPMorgan U.S. Minimum Volatility ETF 9.6 12 65 6.9 -2.0
PBJ Invesco Dynamic Food & Beverage ETF 9.4 63 14 6.2 -2.7
ISDX Invesco Strategic Developed ex-US ETF 9.2 23 54 9.6 +0.7
MOO VanEck Vectors Agribusiness ETF 9.1 54 23 6.7 -2.1
LSLT Salt Low truBeta US Market ETF 9.0 0 77 8.2 -0.7
ESGS Columbia Sustainable U.S. Equity Income ETF 8.8 35 42 11.5 +2.6
EQAL Invesco Russell 1000 Equal Weight ETF 8.6 20 57 7.1 -1.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.6 45 32 11.1 +2.2
SPMV Invesco S&P 500 Minimum Variance ETF 8.6 10 67 7.0 -1.9
EFV iShares MSCI EAFE Value ETF 8.5 39 38 12.1 +3.3
VDC Vanguard Consumer Staples Index Fund 8.3 10 67 5.7 -3.1
IDY Pacific Global International Equity Income ETF 8.2 39 38 10.6 +1.7
DTH WisdomTree DEFA Equity Income Fund 8.2 58 19 12.0 +3.2
FNDF Schwab Fundamental International Large Co. Index ETF 8.2 25 52 10.8 +1.9
VYMI Vanguard International High Dividend Yield ETF 8.1 32 45 11.9 +3.1
RBUS Nationwide Risk-Based U.S. Equity ETF 8.1 30 47 6.8 -2.0
FSTA Fidelity MSCI Consumer Staples Index ETF 8.0 8 69 5.7 -3.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 8.0 20 57 12.6 +3.7
CID Victory CEMP Intl High Dividend Volatility Wtd Index ETF 8.0 45 32 14.3 +5.5
MXDU Nationwide Maximum Diversification US Core Equity ETF 8.0 34 43 6.4 -2.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 7.9 19 58 7.9 -1.0
DOO WisdomTree International Dividend ex-Financials Fund 7.9 58 19 10.7 +1.9
CUT Invesco MSCI Global Timber ETF 7.8 55 22 11.3 +2.5
FTA First Trust Large Cap Value AlphaDEX Fund 7.8 60 17 11.5 +2.6
VONV Vanguard Russell 1000 Value Index Fund 7.7 8 69 8.8 -0.0
IGE iShares North American Natural Resources ETF 7.7 46 31 5.7 -3.2
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 7.7 75 2 6.7 -2.2
KRMA Global X Conscious Companies ETF 7.7 43 34 7.0 -1.9
IWD iShares Russell 1000 Value ETF 7.6 19 58 8.7 -0.2
IYK iShares U.S. Consumer Goods ETF 7.6 42 35 6.5 -2.4
NOBL ProShares S&P 500 Dividend Aristocrats ETF 7.6 35 42 7.1 -1.8
DWM WisdomTree International Equity Fund 7.5 48 29 10.3 +1.4
IWS iShares Russell Mid-Cap Value ETF 7.5 24 53 9.4 +0.5
VEGI iShares MSCI Global Agriculture Producers ETF 7.5 39 38 7.2 -1.7
IQIN IQ 500 International ETF 7.5 25 52 10.9 +2.0
JPGE JPMorgan Diversified Return Global Equity ETF 7.5 29 48 8.9 +0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 7.5 35 42 10.6 +1.7
FIVA Fidelity International Value Factor ETF 7.4 39 38 12.7 +3.8
XLP Consumer Staples Select Sector SPDR Fund 7.3 13 64 5.7 -3.2
JDIV JPMorgan U.S. Dividend ETF 7.2 12 65 10.2 +1.3
FTRI First Trust Indxx Global Natural Resources Income ETF 7.2 70 7 13.5 +4.6
DTN WisdomTree U.S. Dividend ex-Financials Fund 7.1 38 39 9.6 +0.8
USDY Pacific Global US Equity Income ETF 7.1 29 48 10.0 +1.2
PICK iShares MSCI Global Metals & Mining Producers ETF 7.1 39 38 10.5 +1.6
IUSV iShares Core S&P U.S. Value ETF 7.0 4 73 8.9 +0.1
DOL WisdomTree International LargeCap Dividend Fund 7.0 48 29 10.4 +1.5
OEUR O'shares FTSE Europe Quality Dividend ETF 7.0 48 29 7.5 -1.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 6.9 25 52 7.9 -1.0
PRF Invesco FTSE RAFI US 1000 ETF 6.9 39 38 8.7 -0.2
VOOV Vanguard S&P 500 Value ETF 6.9 15 62 8.7 -0.2
SPYV SPDR Portfolio S&P 500 Value ETF 6.9 4 73 8.8 -0.1
IVE iShares S&P 500 Value ETF 6.9 18 59 8.7 -0.2
SCHV Schwab U.S. Large-Cap Value ETF 6.9 4 73 8.6 -0.3
IDEV iShares Core MSCI International Developed Markets ETF 6.9 5 72 8.9 +0.1
IVAL Alpha Architect International Quantitative Value ETF 6.9 59 18 13.9 +5.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 6.9 25 52 8.0 -0.9
VOE Vanguard Mid-Cap Value Index Fund 6.8 7 70 10.2 +1.3
RFDI First Trust Riverfront Dynamic Developed International ETF 6.8 83 -6 7.8 -1.1
USMV iShares Edge MSCI Min Vol USA ETF 6.7 15 62 6.5 -2.4
BLES Inspire Global Hope Large Cap ETF 6.7 61 16 8.5 -0.3
VTV Vanguard Value Index Fund 6.7 4 73 8.7 -0.1
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 6.7 35 42 10.8 +1.9
HLAL Wahed FTSE USA Shariah ETF 6.7 50 27 5.8 -3.1
EWC iShares MSCI Canada ETF 6.7 49 28 8.5 -0.4
SPYD SPDR S&P 500 High Dividend ETF 6.6 7 70 13.4 +4.5
SGDM Sprott Gold Miners ETF 6.6 50 27 3.1 -5.8
BBCA JPMorgan BetaBuilders Canada ETF 6.6 19 58 8.7 -0.2
DGT SPDR Global Dow ETF 6.6 50 27 8.4 -0.5
PSL Invesco DWA Consumer Staples Momentum ETF 6.6 60 17 4.6 -4.3
QCAN SPDR MSCI Canada Quality Mix ETF 6.6 14 63 8.6 -0.3
SCHF Schwab International Equity ETF 6.6 6 71 9.0 +0.2
RING iShares MSCI Global Gold Miners ETF 6.5 39 38 4.6 -4.2
WOOD iShares Global Timber & Forestry ETF 6.5 46 31 12.4 +3.6
DTD WisdomTree U.S.Total Dividend Fund 6.4 28 49 8.1 -0.8
IVLU iShares Edge MSCI Intl Value Factor ETF 6.4 30 47 13.7 +4.9
PIO Invesco Global Water ETF 6.4 75 2 5.0 -3.8
SPDW SPDR Portfolio Developed World ex-US ETF 6.4 4 73 8.9 -0.0
PEY Invesco High Yield Equity Dividend Achievers ETF 6.4 53 24 9.5 +0.6
RSP Invesco S&P 500 Equal Weight ETF 6.4 20 57 8.2 -0.6
VEA Vanguard FTSE Developed Markets ETF 6.3 5 72 9.2 +0.3
JPIN JPMorgan Diversified Return International Equity ETF 6.3 38 39 9.6 +0.7
BVAL Brand Value ETF 6.2 65 12 8.4 -0.4
JHMD John Hancock Multifactor Developed International ETF 6.2 45 32 9.1 +0.2
VAW Vanguard Materials Index Fund 6.2 10 67 8.0 -0.9

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:
IQ Global Resources 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 9.2 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 77 bp
Equals: ALTAR Score 8.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 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.