Global X S&P 500 Quality Dividend ETF
ALTAR
Score™
7.6% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
13.3x P/Sales
ratio
1.3x
P/BV
ratio
1.8x Div.
yield
3.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X S&P 500® Quality Dividend ETF invests in U.S. equity securities included in the S&P 500 Index that rank within the top 200 of the index’s universe by both quality score and dividend yield.

FUND BASICS
Category US Equities
Fund Sponsor Global X
Website www.globalxfunds.com
Inception date Jul 16, 2018
Assets (mns) $5
Currency USD
Expense ratio 20 bp
Distributions Monthly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 70
Wgt avg mkt cap (mns) $63,834
Large cap (>$10bn) 79.3%
Mid cap ($2-10bn) 20.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
HCP INC 1.7 %
LOCKHEED MARTIN CORP 1.6 %
BLACKROCK INC 1.6 %
PUBLIC STORAGE 1.6 %
T ROWE PRICE GROUP INC 1.6 %
EATON CORP PLC 1.6 %
COCA-COLA CO/THE 1.6 %
AVALONBAY COMMUNITIES INC 1.6 %
CLOROX COMPANY 1.6 %
MOLSON COORS BREWING CO -B 1.6 %
Total 16.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.9 %
IRELAND 4.4 %
SWITZERLAND 1.5 %
BRITAIN 1.3 %







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.
-5.3% 8.9% -- -- 3.3%

Market Correlations
versus... Beta R-squared
S&P500 1.18 89%
MSCI EAFE 1.33 82%
MSCI Emg. Mkts. 0.96 70%

Technical Indicators
Recent close $26.36
30d moving avg. $26.56
Annualized volatility 19.6%
Short interest (ETF) 3.2%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 15
Turnover 7.5%
Bid/Ask (% of price) 0.28%
ADV underlying (mns) $17,928

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Global X S&P 500 Quality Dividend ETF ETF based on the alternatives' overlap in portfolio holdings with QDIV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QDIV Expense: 20 bp ALTAR Score™: 7.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QDIV
Ticker Fund
Name
Overlap1
vs QDIV
(%)
Expense
ratio
(bp)
Savings
vs QDIV
(bp)
ALTAR
Score™
(%)
ALTAR
vs QDIV
(%)
USDY Pacific Global US Equity Income 33.1 29 -9 7.4 -0.2
CDC Victory CEMP US EQ Income Enhanced Volatility Wtd 30.5 35 -15 7.7 +0.2
CDL Victory CEMP US Large Cap High Div Volatility Wtd 30.4 35 -15 7.7 +0.2
OYLD Invesco Russell 1000 Yield Factor ETF 28.5 19 1 7.4 -0.2
SCHD Schwab US Dividend Equity 28.4 6 14 7.3 -0.3
VYM Vanguard High Dividend Yield ETF 27.9 6 14 7.1 -0.5
OUSA O'Shares FTSE U.S. Quality Dividend 27.7 48 -28 5.9 -1.7
DTN WisdomTree Dividend Ex-Financials 27.7 38 -18 7.7 +0.2
SPYD SPDR Portfolio S&P 500 High Dividend 26.8 7 13 8.6 +1.1
SPDV AAM S&P 500 High Dividend Value 26.8 29 -9 10.0 +2.4
QDF FlexShares Quality Dividend 26.0 37 -17 7.2 -0.4
RNDV US Equity Dividend Select 25.7 50 -30 7.7 +0.2
SPHQ Invesco S&P 500 Quality 25.5 15 5 5.7 -1.9
RPV Invesco S&P 500 Pure Value ETF 25.4 35 -15 10.6 +3.0
SDOG ALPS Sector Dividend Dogs 25.3 40 -20 9.3 +1.7
SCHV Schwab U.S. Large-Cap Value 24.0 4 16 6.9 -0.7
NULV NuShares ESG Large-Cap Value 23.6 35 -15 6.7 -0.9
DURA VanEck Vectors Morningstar Durable Dividend 23.6 29 -9 6.8 -0.8
FLAG Forensic Accounting 23.4 152 -132 8.2 +0.6
HDV iShares High Dividend 23.1 8 12 7.0 -0.6

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 S&P 500 Quality Dividend ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.7 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.71 CATEGORY
AVERAGE
1.56
 
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.