Global X MSCI Colombia ETF
ALTAR
Score™		 15.1% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 6.4x P/Sales
ratio		 0.7x
P/BV
ratio		 0.7x Div.
yield		 6.7%


  • 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 05, 2009
Assets (mns) $44
Currency USD
Expense ratio 62 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 20
Wgt avg mkt cap (mns) $7,376
Large cap (>$10bn) 14.2%
Mid cap ($2-10bn) 72.1%
Small cap (<$2bn) 13.7%
Developed mkts 16.0%
Emerging mkts 84.0%

TOP TEN HOLDINGS
BANCOLOMBIA SA-PREF 15.8 %
ECOPETROL SA 12.4 %
INTERCONEXION ELECTRICA SA 8.9 %
BANCOLOMBIA SA 7.9 %
CEMENTOS ARGOS SA 5.6 %
INVERSIONES ARGOS SA 5.0 %
GRUPO DE INV SURAMERICANA-PF 4.8 %
TECNOGLASS INC. 4.8 %
BANCO DAVIVIENDA SA 4.4 %
EMPRESA DE ENERGIA DE BOGOTA 4.2 %
Total 73.7 %

TOP COUNTRY EXPOSURE
COLOMBIA 84.9 %
CHILE 7.3 %
CANADA 3.2 %
LUXEMBOURG 2.7 %
UNITED STATES 1.8 %






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.
1.4% 30.1% -4.5% -7.5% 2.0%

Market Correlations
versus... Beta R-squared
S&P500 0.78 26%
MSCI EAFE 0.99 38%
MSCI Emg. Mkts. 1.03 44%

Technical Indicators
Recent close $25.28
30d moving avg. $21.50
Annualized volatility 27.3%
Short interest (ETF) 0.3%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 26
Turnover 1.5%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $78

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 155 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: 62 bp ALTAR Score™: 15.1%


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
(%)
FLN First Trust Latin America AlphaDEX Fund 4.5 80 -18 11.0 -4.1
FM iShares Frontier and Select EM ETF 4.4 80 -18 9.6 -5.6
ECH iShares MSCI Chile ETF 3.9 58 4 10.8 -4.4
EPU iShares MSCI Peru and Global Exposure ETF 2.6 59 3 5.6 -9.5
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.6 67 -5 17.3 +2.2
MOTI VanEck Morningstar International Moat ETF 2.3 58 4 7.0 -8.1
FLLA Franklin FTSE Latin America ETF 2.3 19 43 11.6 -3.5
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.2 60 2 14.7 -0.4
FRNW Fidelity Clean Energy ETF 1.8 39 23 3.7 -11.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.7 60 2 10.0 -5.1
FRDM Freedom 100 Emerging Markets ETF 1.7 49 13 7.4 -7.7
GVAL Cambria Global Value ETF 1.6 68 -6 12.4 -2.7
ILF iShares Latin America 40 ETF 1.4 48 14 10.2 -4.9
PBW Invesco WilderHill Clean Energy ETF 1.3 66 -4 -20.0 -35.2
FEM First Trust Emerging Markets AlphaDEX Fund 1.1 80 -18 16.4 +1.3
VRAI Virtus Real Asset Income ETF 1.1 55 7 8.6 -6.5
DVYE iShares Emerging Markets Dividend ETF 1.1 49 13 16.6 +1.5
ICLN iShares Global Clean Energy ETF 0.9 41 21 4.3 -10.8
CCSO Carbon Collective Climate Solutions US Equity ETF 0.9 35 27 2.4 -12.8
PBD Invesco Global Clean Energy ETF 0.9 75 -13 -3.9 -19.0
JSML Janus Henderson Small Cap Growth Alpha ETF 0.8 30 32 9.4 -5.7
ESGE iShares ESG Aware MSCI EM ETF 0.8 25 37 7.8 -7.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.7 88 -26 6.3 -8.8
FYLD Cambria Foreign Shareholder Yield ETF 0.7 59 3 12.0 -3.1
CID VictoryShares International High Div Volatility Wtd ETF 0.7 45 17 9.5 -5.6
VIDI Vident International Equity Strategy ETF 0.6 61 1 12.0 -3.2
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.6 18 44 7.9 -7.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.6 59 3 9.7 -5.4
FSMO Fidelity Small-Mid Cap Opportunities ETF 0.6 60 2 6.6 -8.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.6 39 23 12.7 -2.4
FYC First Trust Small Cap Growth AlphaDEX Fund 0.5 71 -9 0.9 -14.2
SMOG VanEck Low Carbon Energy ETF 0.5 61 1 3.1 -12.0
NUEM Nuveen ESG Emerging Markets Equity ETF 0.5 36 26 6.9 -8.3
WWJD Inspire International ETF 0.5 80 -18 7.2 -8.0
ROAM Hartford Multifactor Emerging Markets ETF 0.4 44 18 11.8 -3.3
XT iShares Exponential Technologies ETF 0.4 46 16 3.9 -11.2
LDEM iShares ESG MSCI EM Leaders ETF 0.4 17 45 7.8 -7.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.4 24 38 7.2 -7.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 -18 11.1 -4.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.3 20 42 7.6 -7.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.3 44 18 10.3 -4.8
XCEM Columbia EM Core ex-China ETF 0.3 16 46 7.4 -7.7
AVDV Avantis International Small Cap Value ETF 0.3 36 26 7.9 -7.2
BFOR ALPS Barron's 400 ETF 0.3 65 -3 6.6 -8.5
JXI iShares Global Utilities ETF 0.3 43 19 6.7 -8.4
FYX First Trust Small Cap Core AlphaDEX Fund 0.3 61 1 7.2 -7.9
EMXF iShares ESG Advanced MSCI EM ETF 0.3 16 46 7.5 -7.6
SPEM SPDR Portfolio Emerging Markets ETF 0.3 7 55 7.6 -7.5
EMXC iShares MSCI Emerging Markets ex China ETF 0.3 25 37 6.7 -8.4
SCHC Schwab International Small-Cap Equity ETF 0.2 11 51 6.4 -8.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.2 30 32 7.6 -7.5
DFEV Dimensional Emerging Markets Value ETF 0.2 43 19 11.0 -4.1
DISV Dimensional International Small Cap Value ETF 0.2 42 20 9.3 -5.9
BLES Inspire Global Hope ETF 0.2 61 1 6.4 -8.7
IQDE FlexShares International Quality Dividend Defensive Index ET 0.2 47 15 10.7 -4.4
EMGF iShares Emerging Markets Equity Factor ETF 0.2 25 37 8.8 -6.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.2 30 32 7.7 -7.4
TPIF Timothy Plan International ETF 0.2 62 0 6.7 -8.4
IEUS iShares MSCI Europe Small-Cap ETF 0.2 42 20 0.0 -15.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 51 7.8 -7.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 26 7.6 -7.6
DRLL Strive U.S. Energy ETF 0.2 41 21 6.5 -8.6
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 42 6.0 -9.1
DEM WisdomTree Emerging Markets High Dividend Fund 0.2 63 -1 13.0 -2.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 47 7.2 -8.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.2 32 30 7.6 -7.5
VWO Vanguard FTSE Emerging Markets ETF 0.2 8 54 7.7 -7.4
SCHE Schwab Emerging Markets Equity ETF 0.2 11 51 7.7 -7.4
BBCA JPMorgan BetaBuilders Canada ETF 0.2 19 43 7.1 -8.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 -4 7.3 -7.8
EWC iShares MSCI Canada ETF 0.2 50 12 6.9 -8.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 7 55 6.5 -8.6
EEM iShares MSCI Emerging Markets ETF 0.2 69 -7 7.1 -8.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.2 45 17 8.7 -6.5
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.1 80 -18 14.3 -0.8
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 53 7.6 -7.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -3 7.8 -7.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 42 5.6 -9.5
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 0.1 51 11 6.8 -8.3
CIL VictoryShares International Volatility Wtd ETF 0.1 45 17 6.9 -8.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 21 7.9 -7.2
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 33 9.2 -6.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 23 6.9 -8.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 32 8.6 -6.5
GWX SPDR S&P International Small Cap ETF 0.1 40 22 6.6 -8.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 13 6.7 -8.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 23 7.3 -7.8
IPKW Invesco International BuyBack Achievers ETF 0.1 55 7 9.2 -6.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 64 -2 2.1 -13.0
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 22 0.0 -15.1
ISZE iShares MSCI Intl Size Factor ETF 0.1 30 32 6.6 -8.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 32 7.8 -7.3
VYMI Vanguard International High Dividend Yield ETF 0.1 22 40 9.7 -5.4
XC WisdomTree Emerging Markets Ex-China Fund 0.1 32 30 6.2 -8.9
IXC iShares Global Energy ETF 0.1 44 18 8.3 -6.8
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.1 12 50 7.3 -7.8
DFIS Dimensional International Small Cap ETF 0.1 39 23 6.7 -8.4
AVEM Avantis Emerging Markets Equity ETF 0.1 33 29 9.3 -5.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 23 4.6 -10.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.1 50 12 10.6 -4.5
DFIV Dimensional International Value ETF 0.1 27 35 9.8 -5.3
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 55 7.0 -8.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 24 8.3 -6.8
DIHP Dimensional International High Profitability ETF 0.1 29 33 6.9 -8.2
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 13 8.4 -6.7
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 53 4.0 -11.1
VXUS Vanguard Total International Stock ETF 0.1 7 55 7.2 -8.0
DFIC Dimensional International Core Equity 2 ETF 0.1 23 39 7.4 -7.7
STXK Strive Small-Cap ETF 0.1 18 44 5.6 -9.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 30 6.3 -8.8
DFAS Dimensional U.S. Small Cap ETF 0.1 26 36 6.1 -9.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 28 6.7 -8.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 23 7.6 -7.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 29 7.3 -7.8
FILL iShares MSCI Global Energy Producers ETF 0.1 39 23 9.1 -6.0
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 56 2.5 -12.6
AVDE Avantis International Equity ETF 0.1 23 39 7.9 -7.2
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 58 5.8 -9.4
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 27 7.8 -7.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 37 7.0 -8.1
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 59 6.9 -8.2
DEW WisdomTree Global High Dividend Fund 0.0 58 4 9.1 -6.0
IGRO iShares International Dividend Growth ETF 0.0 15 47 7.1 -8.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 21 6.7 -8.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 8 54 7.2 -7.9
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 21 7.4 -7.7
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 58 6.7 -8.4
DFAI Dimensional International Core Equity Market ETF 0.0 18 44 6.9 -8.2
GLOF iShares Global Equity Factor ETF 0.0 20 42 7.1 -8.0
ISCF iShares International SmallCap Equity Factor ETF 0.0 23 39 8.8 -6.3
RNEM First Trust Emerging Markets Equity Select ETF 0.0 75 -13 8.3 -6.8
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 38 6.2 -8.9
VSGX Vanguard ESG International Stock ETF 0.0 12 50 6.9 -8.2
ISCB iShares Morningstar Small-Cap ETF 0.0 4 58 5.4 -9.7
IEUR iShares Core MSCI Europe ETF 0.0 11 51 -1.3 -16.4
VEA Vanguard FTSE Developed Markets ETF 0.0 5 57 7.0 -8.1
ACWI iShares MSCI ACWI ETF 0.0 32 30 5.5 -9.6
SPEU SPDR Portfolio Europe ETF 0.0 7 55 6.6 -8.5
DFUV Dimensional US Marketwide Value ETF 0.0 22 40 7.7 -7.5
IQSI IQ Candriam International Equity ETF 0.0 15 47 6.4 -8.7
VT Vanguard Total World Stock ETF 0.0 7 55 5.9 -9.3
IEFA iShares Core MSCI EAFE ETF 0.0 7 55 2.7 -12.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 17 8.5 -6.6
VXF Vanguard Extended Market ETF 0.0 6 56 4.0 -11.2
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 45 5.7 -9.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 42 6.7 -8.4
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 32 6.9 -8.3
DFAU Dimensional US Core Equity Market ETF 0.0 12 50 5.4 -9.7
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 44 5.7 -9.4
TOK iShares MSCI Kokusai ETF 0.0 26 36 5.3 -9.8
URTH iShares MSCI World ETF 0.0 24 38 5.4 -9.7
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 20 5.1 -10.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 53 5.8 -9.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 59 5.2 -9.9
DFUS Dimensional U.S. Equity ETF 0.0 9 53 5.2 -9.9

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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:

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 10.2 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 62 bp
Equals: ALTAR Score 15.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.77 CATEGORY
AVERAGE		 1.39
 
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.