Global X Video Games & Esports ETF
ALTAR
Score™
3.2% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
27.4x P/Sales
ratio
3.8x
P/BV
ratio
3.9x Div.
yield
0.6%


  • 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) $110
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 40
Wgt avg mkt cap (mns) $34,443
Large cap (>$10bn) 59.4%
Mid cap ($2-10bn) 30.7%
Small cap (<$2bn) 9.9%
Developed mkts 71.6%
Emerging mkts 28.4%

TOP TEN HOLDINGS
NVIDIA CORP 7.5 %
SEA LTD. (SINGAPORE) SPONSORED ADR 7.4 %
ACTIVISION BLIZZARD INC 6.1 %
NEXON CO LTD 5.7 %
BILIBILI, INC. SPONSORED ADR CLASS 5.6 %
TAKE-TWO INTERACTIVE SOFTWRE 5.6 %
NINTENDO CO LTD 5.5 %
NETEASE.COM INC-ADR 5.5 %
ELECTRONIC ARTS INC 5.5 %
ZYNGA INC - CL A 4.9 %
Total 59.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 30.4 %
JAPAN 24.5 %
CHINA 16.6 %
SOUTH KOREA 9.0 %
SINGAPORE 7.4 %
SWEDEN 4.7 %
FRANCE 4.3 %
IRELAND 1.0 %
TAIWAN 0.7 %
HONG KONG 0.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
8.6% -- -- -- 18.5%

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

Technical Indicators
Recent close $19.94
30d moving avg. $18.52
Annualized volatility 0.0%
Short interest (ETF) 0.5%
Relative strength (RSI) 74

Liquidity measures
Avg. volume (thou.) 24
Turnover 0.4%
Bid/Ask (% of price) 0.87%
ADV underlying (mns) $6,698

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Global X Video Games & Esports ETF 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™: 3.2%


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 ETF 70.7 55 -5 3.0 -0.2
GAMR ETFMG Video Game Tech ETF 50.0 75 -25 3.7 +0.5
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 41.9 25 25 2.4 -0.8
SOCL Global X Social Media ETF 14.4 65 -15 2.4 -0.8
GBUY Goldman Sachs Motif New Age Consumer ETF 14.1 50 0 2.3 -0.9
EWCO Invesco S&P 500 Equal Weight Communication Services ETF 13.6 40 10 7.9 +4.7
IEME iShares Evolved U.S. Media & Entertainment ETF 12.8 18 32 7.6 +4.4
KWEB KraneShares CSI China Internet ETF 11.9 76 -26 3.8 +0.6
PSJ Invesco Dynamic Software ETF 11.7 58 -8 3.0 -0.2
XLC The Communication Services Select Sector SPDR Fund 11.2 13 37 6.1 +2.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 10.6 86 -36 2.5 -0.7
XITK SPDR FactSet Innovative Technology ETF 10.4 45 5 0.5 -2.7
PGJ Invesco Golden Dragon China ETF 9.9 70 -20 3.8 +0.6
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 9.8 80 -30 1.9 -1.3
JHCS John Hancock Multifactor Media & Communications ETF 9.1 40 10 5.8 +2.6
GENY Principal Millennials Index ETF 9.1 45 5 4.4 +1.2
CHIC Global X Nasdaq China Technology ETF 9.0 65 -15 4.6 +1.4
IGV iShares North American Tech-Software ETF 8.9 46 4 2.7 -0.5
CQQQ Invesco China Technology ETF 8.4 70 -20 4.6 +1.4
FNI First Trust Chindia ETF 7.9 59 -9 3.8 +0.6
PTF Invesco DWA Technology Momentum ETF 7.5 60 -10 1.4 -1.8
SMH VanEck Vectors Semiconductor ETF 7.5 35 15 5.8 +2.6
SOXX iShares PHLX Semiconductor ETF 7.5 46 4 5.5 +2.3
BOTZ Global X Robotics & Artificial Intelligence ETF 7.5 68 -18 3.0 -0.2
FDNI First Trust Dow Jones International Internet ETF 7.4 65 -15 3.0 -0.2
XNTK SPDR Morgan Stanley Technology ETF 7.2 35 15 4.1 +0.9
IDRV iShares Self-driving EV & Tech ETF 7.1 47 3 7.3 +4.1
PLAT WisdomTree Modern Tech Platforms Fund 6.9 45 5 1.4 -1.8
PSI Invesco Dynamic Semiconductors ETF 6.7 58 -8 5.1 +1.9
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 6.3 60 -10 3.2 -0.0
BIBL Inspire ETF 6.0 35 15 4.9 +1.7
BUYZ Franklin Disruptive Commerce ETF 5.8 50 0 -0.1 -3.3
TDV ProShares S&P Technology Dividend Aristocrats ETF 5.7 45 5 4.9 +1.7
EKAR Innovation Shares NextGen Vehicles & Technology ETF 5.7 65 -15 9.3 +6.1
MTUM iShares Edge MSCI USA Momentum Factor ETF 5.6 15 35 4.8 +1.6
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 5.5 57 -7 5.2 +2.0
FCOM Fidelity MSCI Telecommunication Services Index ETF 5.5 8 42 5.3 +2.1
VOX Vanguard Telecommunication Services Index Fund 5.5 10 40 5.1 +1.9
PEK VanEck Vectors ChinaAMC CSI 300 ETF 5.5 60 -10 8.6 +5.4
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 5.4 60 -10 4.3 +1.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 5.4 35 15 4.6 +1.4
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 5.4 60 -10 3.9 +0.7
IYK iShares U.S. Consumer Goods ETF 5.4 42 8 5.5 +2.3
KOIN Innovation Shares NextGen Protocol ETF 5.3 95 -45 4.5 +1.3
IXP iShares Global Comm Services ETF 5.2 46 4 6.0 +2.8
SPMO Invesco S&P 500 Momentum ETF 5.2 13 37 4.5 +1.4
MOTO SmartETFs Smart Transportation & Technology ETF 5.1 68 -18 8.6 +5.4
XSD SPDR S&P Semiconductor ETF 5.1 35 15 4.1 +0.9
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 5.0 70 -20 6.1 +2.9
DRIV Global X Autonomous & Electric Vehicles ETF 4.9 68 -18 6.2 +3.0
RDVY First Trust Rising Dividend Achievers ETF 4.9 50 0 7.9 +4.8
LRNZ TrueMark Technology, AI & Deep Learning ETF 4.8 68 -18 0.9 -2.3
KOMP SPDR Kensho New Economies Composite ETF 4.8 20 30 1.8 -1.4
PWC Invesco Dynamic Market ETF 4.7 59 -9 6.9 +3.7
FPXI First Trust International Equity Opportunities ETF 4.6 70 -20 3.0 -0.2
PWB Invesco Dynamic Large Cap Growth ETF 4.5 55 -5 3.6 +0.4
BLOK Amplify Transformational Data Sharing ETF 4.4 70 -20 5.6 +2.4
ECON Columbia Emerging Markets Consumer ETF 4.4 59 -9 5.2 +2.0
AIQ Global X Future Analytics Tech ETF 4.3 68 -18 4.3 +1.1
NULG Nuveen ESG Large-Cap Growth ETF 4.3 35 15 3.5 +0.3
TTTN UP Fintech China-U.S. Internet Titans ETF 4.2 59 -9 5.2 +2.0
FTCS First Trust Capital Strength ETF 4.2 60 -10 5.0 +1.8
GDAT Goldman Sachs Motif Data-Driven World Etf 4.2 50 0 5.4 +2.2
IRBO iShares Robotics & Artificial Intelligence ETF 4.2 47 3 2.7 -0.5
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 4.1 75 -25 2.2 -1.0
EBIZ Global X E-Commerce ETF 4.1 50 0 3.2 -0.0
QYLD Global X NASDAQ 100 Covered Call ETF 4.0 60 -10 3.8 +0.6
OGIG O'Shares Global Internet Giants ETF 4.0 48 2 0.6 -2.6
FFTY Innovator IBD 50 ETF 3.9 80 -30 3.0 -0.2
TECB iShares US Tech Breakthrough Multisector ETF 3.9 40 10 4.2 +1.0
XSW SPDR S&P Software & Services ETF 3.8 35 15 3.7 +0.5
IGM iShares North American Tech ETF 3.8 46 4 4.1 +0.9
NUSI Nationwide Risk-Managed Income ETF 3.8 68 -18 3.8 +0.6
ARKW ARK Web x.0 ETF 3.7 76 -26 -0.8 -3.9
QQQ Invesco QQQ Trust 3.7 20 30 4.2 +1.0
FXD First Trust Consumer Discretionary AlphaDEX Fund 3.7 64 -14 9.6 +6.4
GVIP Goldman Sachs Hedge Industry VIP ETF 3.7 45 5 4.6 +1.4
MILN Global X Millennials Thematic ETF 3.7 50 0 3.2 +0.0
LOUP Innovator Loup Frontier Tech ETF 3.6 70 -20 3.3 +0.1
GIGE SoFi Gig Economy ETF 3.6 59 -9 -0.4 -3.6
IYW iShares U.S. Technology ETF 3.6 42 8 4.4 +1.2
ENTR Entrepreneur 30 Fund 3.6 49 1 3.2 -0.0
XLK Technology Select Sector SPDR Fund 3.4 13 37 5.1 +1.9
ECOZ TrueMark ESG Active Opportunities ETF 3.4 58 -8 4.6 +1.4
JKE iShares Morningstar Large-Cap Growth ETF 3.3 25 25 3.6 +0.4
FTXL First Trust Nasdaq Semiconductor ETF 3.3 60 -10 5.2 +2.1
IETC iShares Evolved U.S. Technology ETF 3.2 18 32 4.2 +1.0
BLCN Reality Shares Nasdaq NextGen Economy ETF 3.2 68 -18 4.6 +1.5
ARKF ARK Fintech Innovation ETF 3.1 75 -25 1.1 -2.1
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 3.0 50 0 4.5 +1.3
PNQI Invesco NASDAQ Internet ETF 2.9 62 -12 1.3 -1.9
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 2.9 70 -20 4.7 +1.5
FQAL Fidelity Quality Factor ETF 2.9 29 21 5.5 +2.4
EWY iShares MSCI South Korea ETF 2.9 59 -9 9.8 +6.6
VGT Vanguard Information Technology Index Fund 2.8 10 40 4.9 +1.7
FTEC Fidelity MSCI Information Technology Index ETF 2.8 8 42 4.9 +1.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 2.8 32 18 7.4 +4.2
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 2.8 61 -11 5.3 +2.1
BICK First Trust BICK Index Fund 2.8 64 -14 4.8 +1.6
IXN iShares Global Tech ETF 2.7 46 4 4.9 +1.7

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%.

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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:
Global X Video Games & Esports ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.8 %
Divided by: Fwd. P/BV 3.7 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 3.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.29 CATEGORY
AVERAGE
1.51
 
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.