Global X MSCI Colombia ETF
ALTAR
Score™
10.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
10.1x P/Sales
ratio
0.8x
P/BV
ratio
0.7x Div.
yield
4.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X MSCI Colombia 20 ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Colombia 20 Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date Feb 09, 2009
Assets (mns) $39
Currency USD
Expense ratio 61 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 23
Wgt avg mkt cap (mns) $5,945
Large cap (>$10bn) 12.7%
Mid cap ($2-10bn) 66.0%
Small cap (<$2bn) 21.4%
Developed mkts 6.7%
Emerging mkts 93.4%

TOP TEN HOLDINGS
BANCOLOMBIA S.A.-SPONS ADR 13.3 %
ECOPETROL SA-SPONSORED ADR 12.8 %
INTERCONEXION ELECTRICA SA 7.4 %
EMPRESA DE ENERGIA DE BOGOTA 6.6 %
GRUPO NUTRESA SA 6.4 %
BANCOLOMBIA SA 5.9 %
GRUPO DE INV SURAMERICANA 5.5 %
CORP FINANCIERA COLOMBIANA 4.9 %
CELSIA SA ESP 4.7 %
CANACOL ENERGY LTD 3.8 %
Total 71.2 %

TOP COUNTRY EXPOSURE
COLOMBIA 90.0 %
CHILE 6.1 %
CANADA 3.8 %
SPAIN 1.1 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
128.6% 170.4% 18.1% 6.2% 13.4%

Market Correlations
versus... Beta R-squared
S&P500 5.84 28%
MSCI EAFE 5.19 19%
MSCI Emg. Mkts. 4.85 25%

Technical Indicators
Recent close $23.13
30d moving avg. $21.87
Annualized volatility 187.0%
Short interest (ETF) 2.8%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 14
Turnover 0.8%
Bid/Ask (% of price) 1.81%
ADV underlying (mns) $43

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 87 potential alternatives to the Global X MSCI Colombia ETF ETF based on the alternatives' overlap in portfolio holdings with GXG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GXG Expense: 61 bp ALTAR Score™: 10.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GXG
Ticker Fund
Name
Overlap1
vs GXG
(%)
Expense
ratio
(bp)
Savings
vs GXG
(bp)
ALTAR
Score™
(%)
ALTAR
vs GXG
(%)
ICOL iShares MSCI Colombia ETF 52.0 61 0 9.4 -0.6
PACA Xtrackers MSCI Latin America Pacific Alliance ETF 13.0 45 16 8.7 -1.3
ECH iShares MSCI Chile ETF 6.1 59 2 8.6 -1.5
FLN First Trust Latin America AlphaDEX Fund 4.4 80 -19 8.7 -1.4
FLLA Franklin FTSE Latin America ETF 3.9 19 42 7.5 -2.5
YLCO Global X YieldCo Index ETF 3.2 65 -4 4.5 -5.5
ILF iShares Latin America 40 ETF 2.9 48 13 7.9 -2.1
DOGS Arrow Dogs of the World ETF 2.4 134 -73 11.5 +1.5
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.2 60 1 10.8 +0.8
FRDM Freedom 100 Emerging Markets ETF 1.7 49 12 7.7 -2.3
ROAM Hartford Multifactor Emerging Markets ETF 1.6 44 17 15.5 +5.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.6 60 1 8.8 -1.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.3 70 -9 13.4 +3.4
FTRI First Trust Indxx Global Natural Resources Income ETF 1.1 70 -9 11.5 +1.5
ESGE iShares ESG MSCI EM ETF 1.0 25 36 10.0 -0.0
FEM First Trust Emerging Markets AlphaDEX Fund 0.9 80 -19 12.0 +2.0
OSCV Opus Small Cap Value Plus ETF 0.8 79 -18 5.8 -4.2
LVIN Hartford Multifactor Low Volatility International Equity ETF 0.8 29 32 12.6 +2.6
EYLD Cambria Emerging Shareholder Yield ETF 0.8 66 -5 17.1 +7.1
PID Invesco International Dividend Achievers ETF 0.8 54 7 10.7 +0.7
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 0.7 51 10 13.8 +3.8
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 0.6 50 11 10.2 +0.1
EMXC iShares MSCI Emerging Markets ex China ETF 0.5 49 12 8.7 -1.3
NUEM Nuveen ESG Emerging Markets Equity ETF 0.5 45 16 8.1 -1.9
SCHE Schwab Emerging Markets Equity ETF 0.5 13 48 9.0 -1.1
CVY Invesco Zacks Multi-Asset Income ETF 0.5 97 -36 12.6 +2.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.5 39 22 13.5 +3.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.5 45 16 9.2 -0.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.5 32 29 9.8 -0.2
VIDI Vident International Equity Fund 0.5 59 2 11.8 +1.8
XCEM Columbia EM Core ex-China ETF 0.5 16 45 8.1 -1.9
EMCG WisdomTree Emerging Markets Consumer Growth Fund 0.4 32 29 7.9 -2.1
EEMO Invesco S&P Emerging Markets Momentum ETF 0.4 30 31 7.4 -2.6
PBEE Invesco PureBeta FTSE Emerging Markets ETF 0.4 14 47 9.8 -0.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.4 20 41 7.9 -2.1
VWO Vanguard FTSE Emerging Markets ETF 0.4 10 51 9.1 -0.9
ISEM Invesco Strategic Emerging Markets ETF 0.4 35 26 10.7 +0.7
AVEM Avantis Emerging Markets Equity ETF 0.4 33 28 9.9 -0.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.4 45 16 9.0 -1.0
RYJ Invesco Raymond James SB-1 Equity ETF 0.3 82 -21 3.6 -6.4
IXC iShares Global Energy ETF 0.3 46 15 5.7 -4.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.3 59 2 11.5 +1.4
SPEM SPDR Portfolio Emerging Markets ETF 0.3 11 50 8.9 -1.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.3 49 12 9.3 -0.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.3 30 31 9.1 -0.9
FDEM Fidelity Targeted Emerging Markets Factor ETF 0.3 45 16 10.0 +0.0
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 0.3 18 43 6.4 -3.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.3 65 -4 8.6 -1.5
EEM iShares MSCI Emerging Markets ETF 0.3 68 -7 8.6 -1.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.3 49 12 8.6 -1.4
IEMG iShares Core MSCI Emerging Markets ETF 0.3 14 47 9.0 -1.1
RNEM Emerging Markets Equity Select ETF 0.3 75 -14 10.8 +0.8
JHEM John Hancock Multifactor Emerging Markets ETF 0.2 55 6 9.2 -0.9
INFR Legg Mason Global Infrastructure ETF 0.2 40 21 6.2 -3.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 69 -8 7.8 -2.3
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 50 11 14.1 +4.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 41 6.5 -3.5
VIGI Vanguard International Dividend Appreciation ETF 0.1 25 36 6.1 -3.9
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 0.1 16 45 7.3 -2.7
LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.1 20 41 6.5 -3.5
EMFM Global X MSCI Next Emerging & Frontier ETF 0.1 55 6 9.1 -0.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 31 9.7 -0.4
VXUS Vanguard Total International Stock Index Fund 0.1 8 53 7.9 -2.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 8 53 8.0 -2.0
IGRO iShares International Dividend Growth ETF 0.1 22 39 8.3 -1.7
GNR SPDR S&P Global Natural Resources ETF 0.1 40 21 6.6 -3.4
VYMI Vanguard International High Dividend Yield ETF 0.1 32 29 10.6 +0.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 29 7.0 -3.0
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 0.1 25 36 8.6 -1.4
IXUS ishares Core MSCI Total International Stock ETF 0.1 9 52 7.8 -2.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -4 7.1 -2.9
IXG iShares Global Financials ETF 0.1 46 15 10.2 +0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 40 21 7.6 -2.4
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 31 7.9 -2.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 32 29 7.7 -2.3
VSGX Vanguard ESG International Stock ETF 0.1 17 44 7.6 -2.4
AVDV Avantis International Small Cap Value ETF 0.1 36 25 7.9 -2.2
VT Vanguard Total World Stock Index Fund 0.0 8 53 6.4 -3.6
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 0.0 11 50 6.4 -3.6
FILL iShares MSCI Global Energy Producers ETF 0.0 39 22 6.3 -3.8
ACWI iShares MSCI ACWI ETF 0.0 32 29 6.2 -3.9
GWX SPDR S&P International Small Cap ETF 0.0 40 21 5.9 -4.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 52 6.3 -3.7
AVDE Avantis International Equity ETF 0.0 23 38 8.2 -1.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.0 39 22 4.4 -5.6
VXF Vanguard Extended Market Index Fund 0.0 7 54 3.9 -6.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 58 5.3 -4.7

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%.

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:
Global X MSCI Colombia 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 7.5 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 61 bp
Equals: ALTAR Score 10.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.67 CATEGORY
AVERAGE
1.45
 
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.