Global X Lithium & Battery Tech ETF
ALTAR
Score™
1.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
63.5x P/Sales
ratio
2.8x
P/BV
ratio
4.7x Div.
yield
0.7%


  • 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 22, 2010
Assets (mns) $2,831
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 41
Wgt avg mkt cap (mns) $48,202
Large cap (>$10bn) 56.1%
Mid cap ($2-10bn) 14.4%
Small cap (<$2bn) 4.4%
Developed mkts 38.0%
Emerging mkts 62.0%

TOP TEN HOLDINGS
ALBEMARLE CORP 12.5 %
JIANGXI GANFENG LITHIUM CO., LTD. 6.8 %
EVE ENERGY CO. LTD. CLASS A 5.8 %
TESLA MOTORS INC 5.7 %
BYD CO LTD-H 5.5 %
SAMSUNG SDI CO LTD 5.4 %
CONTEMPORARY AMPEREX TECHNOLOGY CO 5.2 %
LG CHEM LTD 4.8 %
PANASONIC CORP 4.6 %
QUIMICA Y MINERA CHIL-SP ADR 4.5 %
Total 60.8 %

TOP COUNTRY EXPOSURE
CHINA 43.0 %
UNITED STATES 22.7 %
SOUTH KOREA 12.0 %
JAPAN 6.3 %
AUSTRALIA 5.6 %
CHILE 4.5 %
GERMANY 1.9 %
TAIWAN 1.5 %
HONG KONG 1.1 %
NETHERLANDS 0.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
127.9% 127.9% 27.9% 12.1% 15.1%

Market Correlations
versus... Beta R-squared
S&P500 1.30 60%
MSCI EAFE 1.34 63%
MSCI Emg. Mkts. 1.21 66%

Technical Indicators
Recent close $71.45
30d moving avg. $63.06
Annualized volatility 31.6%
Short interest (ETF) 1.1%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 984
Turnover 2.5%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $32,482

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 1.7%


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
(%)
BATT Amplify Advanced Battery Metals & Materials ETF 46.8 59 16 1.9 +0.3
SMOG VanEck Vectors Low Carbon Energy ETF 18.9 62 13 1.9 +0.2
DRIV Global X Autonomous & Electric Vehicles ETF 15.1 68 7 3.9 +2.2
MOTO SmartETFs Smart Transportation & Technology ETF 15.1 68 7 5.1 +3.5
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 15.0 60 15 0.2 -1.5
DFAE Dimensional Emerging Core Equity Market ETF 14.6 35 40 6.9 +5.2
EKAR Innovation Shares NextGen Vehicles & Technology ETF 14.5 95 -20 4.9 +3.2
KGRN KraneShares MSCI China Environment Index ETF 12.7 80 -5 5.9 +4.2
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF 12.0 65 10 2.6 +1.0
IDRV iShares Self-driving EV & Tech ETF 10.8 47 28 5.2 +3.5
CARZ First Trust NASDAQ Global Auto Index Fund 10.1 70 5 9.7 +8.0
SDG iShares Sustainable MSCI Global Impact ETF 9.0 49 26 5.6 +3.9
PBW Invesco WilderHill Clean Energy ETF 8.6 70 5 -0.6 -2.3
FLKR Franklin FTSE South Korea ETF 8.5 9 66 6.6 +4.9
CTEC Global X CleanTech ETF 8.1 50 25 0.7 -1.0
BNE Blue Horizon BNE ETF 7.8 87 -12 0.9 -0.8
EWY iShares MSCI South Korea ETF 7.7 59 16 6.1 +4.4
SULR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 7.2 79 -4 3.7 +2.0
WWOW Direxion World Without Waste ETF 7.2 50 25 0.1 -1.6
CHII Global X MSCI China Industrials ETF 6.7 66 9 10.0 +8.4
PYZ Invesco DWA Basic Materials Momentum ETF 6.3 60 15 4.2 +2.5
RXI iShares Global Consumer Discretionary ETF 6.2 46 29 3.7 +2.0
PBD Invesco Global Clean Energy ETF 6.2 75 0 -0.1 -1.8
MTUM iShares MSCI USA Momentum Factor ETF 5.9 15 60 2.2 +0.6
VXF Vanguard Extended Market Index Fund 5.8 6 69 2.5 +0.8
FTXR First Trust Nasdaq Transportation ETF 5.7 60 15 5.8 +4.1
IYK iShares U.S. Consumer Goods ETF 5.7 43 32 4.3 +2.6
VEGN US Vegan Climate ETF 5.7 60 15 3.9 +2.2
JHMC John Hancock Multifactor Consumer Discretionary ETF 5.7 40 35 3.5 +1.8
FDIS Fidelity MSCI Consumer Discretionary Index ETF 5.7 8 67 3.3 +1.6
VCR Vanguard Consumer Discretionary Index Fund 5.7 10 65 3.3 +1.6
XLY Consumer Discretionary Select Sector SPDR Fund 5.7 13 62 3.1 +1.5
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 5.7 75 0 2.9 +1.2
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 5.7 60 15 1.4 -0.3
FDG American Century Focused Dynamic Growth ETF 5.7 45 30 1.4 -0.3
IQM Franklin Intelligent Machines ETF 5.7 50 25 1.3 -0.4
SFYF SoFi 50 ETF 5.7 29 46 0.8 -0.9
ARKQ Ark Industrial Innovation ETF 5.7 75 0 0.3 -1.4
ARKW ARK Web x.0 ETF 5.7 79 -4 -0.8 -2.4
ARKK ARK Innovation ETF 5.7 75 0 -1.6 -3.3
NULG Nuveen ESG Large-Cap Growth ETF 5.5 35 40 2.9 +1.2
QYLD Global X NASDAQ 100 Covered Call ETF 5.5 60 15 3.2 +1.5
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.5 80 -5 7.4 +5.7
CHIM Global X MSCI China Materials ETF 5.4 66 9 6.8 +5.2
NUSI Nationwide Risk-Managed Income ETF 5.4 68 7 3.1 +1.4
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 5.4 60 15 3.1 +1.4
HIPR Direxion High Growth ETF 5.3 40 35 3.8 +2.1
QQQM Invesco NASDAQ 100 ETF 5.3 15 60 3.5 +1.8
QQQ Invesco QQQ Trust 5.3 20 55 3.5 +1.8
LUXE Emles Luxury Goods ETF 5.2 60 15 1.7 -0.0
REMX VanEck Vectors Rare Earth/Strategic Metals ETF 5.2 60 15 0.8 -0.9
HLAL Wahed FTSE USA Shariah ETF 5.2 50 25 3.8 +2.1
CLRG IQ Chaikin U.S. Large Cap ETF 5.2 25 50 5.0 +3.3
OBOR KraneShares MSCI One Belt One Road Index ETF 5.2 79 -4 7.0 +5.3
ACES ALPS Clean Energy ETF 5.2 55 20 0.3 -1.4
ECOZ TrueMark ESG Active Opportunities ETF 4.7 58 17 3.0 +1.3
RPG Invesco S&P 500 Pure Growth ETF 4.7 35 40 2.7 +1.0
PWB Invesco Dynamic Large Cap Growth ETF 4.6 56 19 2.1 +0.4
USXF iShares ESG Advanced MSCI USA ETF 4.6 10 65 4.5 +2.8
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 4.4 103 -28 1.7 -0.0
KESG KraneShares MSCI China ESG Leaders Index ETF 4.4 59 16 8.1 +6.5
AIEQ AI Powered Equity ETF 4.3 87 -12 1.8 +0.1
NUEM Nuveen ESG Emerging Markets Equity ETF 4.3 45 30 5.4 +3.7
TMFC Motley Fool 100 Index ETF 4.3 50 25 3.0 +1.3
RTM Invesco S&P 500 Equal Weight Materials ETF 4.3 40 35 4.7 +3.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 4.2 70 5 2.5 +0.8
MGK Vanguard Mega Cap Growth ETF 4.2 7 68 3.6 +2.0
IWY iShares Russell Top 200 Growth ETF 4.2 20 55 3.6 +1.9
JKE iShares Morningstar Large-Cap Growth ETF 4.1 25 50 2.2 +0.5
KBA KraneShares Bosera MSCI China A Share ETF 4.1 60 15 5.6 +4.0
ASHX Xtrackers MSCI China A Inclusion Equity ETF 3.9 60 15 5.6 +3.9
BTEK BlackRock Future Tech ETF 3.9 88 -13 -0.2 -1.8
SPYG SPDR Portfolio S&P 500 Growth ETF 3.9 4 71 3.7 +2.0
IVW iShares S&P 500 Growth ETF 3.9 18 57 3.5 +1.8
SCHG Schwab U.S. Large-Cap Growth ETF 3.9 4 71 3.2 +1.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 3.8 21 54 2.9 +1.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 3.8 10 65 4.8 +3.1
SUSL iShares ESG MSCI USA Leaders ETF 3.8 10 65 4.8 +3.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 3.8 49 26 3.4 +1.8
CNYA iShares MSCI China A ETF 3.8 60 15 5.6 +3.9
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 3.8 70 5 3.4 +1.8
FRDM Freedom 100 Emerging Markets ETF 3.7 49 26 5.2 +3.5
IUSG iShares Core S&P US Growth ETF 3.6 4 71 3.7 +2.0
XNTK SPDR NYSE Technology ETF 3.6 35 40 2.7 +1.0
DSI iShares MSCI KLD 400 Social ETF 3.6 25 50 4.5 +2.9
ESG FlexShares STOXX US ESG Impact Index Fund 3.5 32 43 4.4 +2.8
IWF iShares Russell 1000 Growth ETF 3.4 19 56 3.4 +1.7
FCTR First Trust Lunt U.S. Factor Rotation ETF 3.4 65 10 1.2 -0.5
BICK First Trust BICK Index Fund 3.4 64 11 3.2 +1.5
BOSS Global X Founder-Run Companies ETF 3.4 45 30 2.7 +1.0
NULC Nuveen ESG Large-Cap ETF 3.3 20 55 4.2 +2.5
VUG Vanguard Growth Index Fund 3.3 4 71 3.5 +1.8
VONG Vanguard Russell 1000 Growth Index Fund 3.3 8 67 3.5 +1.9
SFY SoFi Select 500 ETF 3.2 0 75 4.5 +2.9
XOUT GraniteShares XOUT U.S. Large Cap ETF 3.1 60 15 3.6 +1.9
LDEM iShares ESG MSCI EM Leaders ETF 3.1 16 59 6.3 +4.7
ALFA AlphaClone Alternative Alpha ETF 3.0 65 10 -0.3 -1.9

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

  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 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 10.6 %
Divided by: Fwd. P/BV 4.4 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 1.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.48
 
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.