Global X Lithium & Battery Tech ETF
ALTAR
Score™
3.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
26.3x P/Sales
ratio
1.4x
P/BV
ratio
2.1x Div.
yield
1.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X Lithium & Battery Tech ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the price and yield performance of the Solactive Global Lithium Index.

FUND BASICS
Category Global Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date Jul 23, 2010
Assets (mns) $615
Currency USD
Expense ratio 75 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Brown Brothers Harriman & Co
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 39
Wgt avg mkt cap (mns) $17,735
Large cap (>$10bn) 30.3%
Mid cap ($2-10bn) 43.5%
Small cap (<$2bn) 26.3%
Developed mkts 63.4%
Emerging mkts 36.6%

TOP TEN HOLDINGS
ALBEMARLE CORP 20.1 %
QUIMICA Y MINERA CHIL-SP ADR 12.8 %
TESLA MOTORS INC 11.1 %
LIVENT CORPORATION 6.0 %
SAMSUNG SDI CO LTD 5.6 %
LG CHEM LTD 4.9 %
PANASONIC CORP 4.8 %
SIMPLO TECHNOLOGY CO LTD 4.3 %
ENERSYS 4.2 %
BYD CO LTD-H 4.2 %
Total 78.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 41.7 %
CHILE 12.8 %
SOUTH KOREA 11.7 %
JAPAN 8.9 %
TAIWAN 5.9 %
AUSTRALIA 4.8 %
CHINA 4.2 %
GERMANY 3.2 %
HONG KONG 1.1 %
CANADA 0.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.1% 2.8% 23.7% -- 7.6%

Market Correlations
versus... Beta R-squared
S&P500 1.02 38%
MSCI EAFE 1.23 46%
MSCI Emg. Mkts. 0.82 35%

Technical Indicators
Recent close $32.16
30d moving avg. $29.55
Annualized volatility 20.0%
Short interest (ETF) 2.7%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 211
Turnover 1.1%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $13,020

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: LIT Expense: 75 bp ALTAR Score™: 3.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH LIT
Ticker Fund
Name
Overlap1
vs LIT
(%)
Expense
ratio
(bp)
Savings
vs LIT
(bp)
ALTAR
Score™
(%)
ALTAR
vs LIT
(%)
QCLN First Trust NASDAQ Clean Edge Green Energy 20.7 60 15 1.3 -2.3
KARS KraneShares Electric Vehicles & Future Mobility Index 16.2 70 5 5.2 +1.6
BATT Amplify Advanced Battery Metals & Materials 15.6 72 3 0.9 -2.7
EKAR Innovation Shares NextGen Vehicles & Technology 14.8 95 -20 6.1 +2.5
GEX VanEck Vectors Global Alternative Energy 13.5 63 12 3.5 -0.2
CARZ First Trust NASDAQ Global Auto 12.4 70 5 12.6 +9.0
PBW Invesco WilderHill Clean Energy 11.9 70 5 -0.7 -4.3
SDG iShares MSCI Global Impact 11.6 49 26 4.9 +1.3
IDRV iShares Self-driving EV & Tech 11.6 47 28 7.7 +4.1
ARKQ ARK Industrial Innovation 11.1 75 0 1.1 -2.5
GMAN Goldman Sachs Motif Manufacturing Revolution 10.3 50 25 4.3 +0.7
ARKK ARK Innovation 10.2 75 0 -3.0 -6.6
REMX VanEck Vectors Rare Earth/Strategic Metals 9.8 59 16 3.4 -0.2
LOUP Innovator Loup Frontier Tech 9.6 70 5 3.4 -0.2
ACES ALPS Clean Energy 9.5 65 10 0.7 -2.9
ARKW ARK Web x.O 9.5 75 0 -0.5 -4.1
DRIV Global X Autonomous & Electric Vehicles 9.3 68 7 6.6 +3.0
PBD Invesco Gbl Clean Energy 6.2 75 0 0.4 -3.2
SOIL Global X Fertilizers/Potash 6.1 69 6 4.9 +1.3
FMK First Trust Mega Cap AlphaDEX 6.1 70 5 5.4 +1.8

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

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 Lithium & Battery Tech 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 9.0 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 3.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.74 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.