Global X Video Games & Esports
ALTAR
Score™
3.8% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
29.4x P/Sales
ratio
3.5x
P/BV
ratio
3.6x Div.
yield
0.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
HERO tracks a modified market-cap-weighted global index of companies in video games and esports industry.

FUND BASICS
Category Global Equities
Fund Sponsor Global X
Website www.globalxfunds.com
Inception date Oct 25, 2019
Assets (mns) $2
Currency USD
Expense ratio 50 bp
Distributions Semi-annual

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 38
Wgt avg mkt cap (mns) $23,035
Large cap (>$10bn) 48.8%
Mid cap ($2-10bn) 42.6%
Small cap (<$2bn) 8.6%
Developed mkts 70.0%
Emerging mkts 30.0%

TOP TEN HOLDINGS
NETEASE.COM INC-ADR 6.3 %
NVIDIA CORP 6.2 %
ELECTRONIC ARTS INC 6.1 %
NINTENDO CO LTD 6.0 %
SEA LTD. (SINGAPORE) SPONSORED ADR 5.7 %
TAKE-TWO INTERACTIVE SOFTWRE 5.6 %
ACTIVISION BLIZZARD INC 5.5 %
NEXON CO LTD 5.1 %
SQUARE ENIX HOLDINGS CO LTD 4.6 %
NCSOFT CORPORATION 4.5 %
Total 55.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 29.5 %
JAPAN 28.7 %
CHINA 16.3 %
SOUTH KOREA 8.6 %
SINGAPORE 5.6 %
FRANCE 4.0 %
SWEDEN 1.0 %
HONG KONG 0.8 %
TAIWAN 0.3 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
5.1% -- -- -- 5.1%

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

Technical Indicators
Recent close $15.88
30d moving avg. $15.53
Annualized volatility 0.0%
Short interest (ETF) 7.8%
Relative strength (RSI)

Liquidity measures
Avg. volume (thou.) 2
Turnover 2.0%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $4,436

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Global X Video Games & Esports ETF based on the alternatives' overlap in portfolio holdings with HERO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: HERO Expense: 50 bp ALTAR Score™: 3.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH HERO
Ticker Fund
Name
Overlap1
vs HERO
(%)
Expense
ratio
(bp)
Savings
vs HERO
(bp)
ALTAR
Score™
(%)
ALTAR
vs HERO
(%)
ESPO VanEck Vectors Video Gaming & eSports 68.1 55 -5 3.5 -0.4
GAMR ETFMG Video Game Tech 45.9 75 -25 5.7 +1.9
NERD Roundhill BITKRAFT Esports & Digital Entertainment 44.1 25 25 2.9 -1.0
SOCL Global X Social Media 13.8 65 -15 4.4 +0.5
EWCO Invesco S&P 500 Equal Weight Comm. Services 12.8 40 10 7.9 +4.1
GBUY Goldman Sachs Motif New Age Consumer 12.7 50 0 3.0 -0.9
EMQQ Emerging Markets Internet & E-Commerce 12.4 86 -36 3.9 +0.0
CHIC Global X MSCI China Communication Services 9.9 65 -15 5.4 +1.6
KEMQ KraneShares EM Consumer Focus 9.7 80 -30 7.8 +3.9
XLC Communication Services Select Sector SPDR 9.5 13 37 6.3 +2.5
CQQQ Invesco China Technology 9.5 70 -20 5.3 +1.5
IEME iShares Evolved U.S. Media and Entertainment 9.5 18 32 6.6 +2.8
PLAT WisdomTree Modern Tech Platforms 9.4 45 5 2.8 -1.1
PGJ Invesco Golden Dragon China 9.2 70 -20 3.7 -0.1
KWEB KraneShares CSI China Internet 9.0 76 -26 3.9 +0.0
IGV iShares N. American Tech-Software 7.9 46 4 3.1 -0.7
FDNI First Trust Dow Jones International Internet 6.9 65 -15 4.5 +0.7
FNI First Trust ISE Chindia 6.6 59 -9 4.0 +0.2
SOXX iShares PHLX SOX Semiconductor 6.2 46 4 6.1 +2.3
BOTZ Global X Robotics & Artificial Intelligence Thematic 6.2 68 -18 3.7 -0.1

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
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 Video Games & Esports
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 13.7 %
Divided by: Fwd. P/BV 3.2 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 3.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.33 CATEGORY
AVERAGE
1.55
 
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.