Global X S&P 500 Quality Dividend ETF
ALTAR
Score™
7.5% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
17.1x P/Sales
ratio
1.9x
P/BV
ratio
1.7x 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 13, 2018
Assets (mns) $6
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 69
Wgt avg mkt cap (mns) $54,203
Large cap (>$10bn) 84.9%
Mid cap ($2-10bn) 15.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
C.H. ROBINSON WORLDWIDE INC 1.8 %
TE CONNECTIVITY 1.8 %
CELANESE CORP-SERIES A 1.8 %
CUMMINS INC 1.7 %
JOHNSON CONTROLS INTERNATIONAL PLC 1.7 %
EATON CORP PLC 1.7 %
ILLINOIS TOOL WORKS 1.7 %
DOW, INC. 1.7 %
PROCTER & GAMBLE CO/THE 1.6 %
DOW CHEMICAL 1.6 %
Total 17.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 87.5 %
IRELAND 6.3 %
SWITZERLAND 4.6 %
BERMUDA 1.3 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.1% -1.1% -- -- -1.8%

Market Correlations
versus... Beta R-squared
S&P500 1.17 92%
MSCI EAFE 1.26 88%
MSCI Emg. Mkts. 0.95 76%

Technical Indicators
Recent close $22.83
30d moving avg. $22.82
Annualized volatility 24.6%
Short interest (ETF) 0.9%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.4%
Bid/Ask (% of price) 0.41%
ADV underlying (mns) $2,546

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 7.5%


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 ETF 27.9 29 -9 7.1 -0.4
DTN WisdomTree U.S. Dividend ex-Financials Fund 26.3 38 -18 7.8 +0.3
TPHD Timothy Plan High Dividend Stock ETF 24.8 52 -32 7.4 -0.1
SPYD SPDR S&P 500 High Dividend ETF 24.8 7 13 10.9 +3.5
SPDV AAM S&P 500 High Dividend Value ETF 24.8 29 -9 9.8 +2.3
OUSA O'Shares FTSE US Quality Dividend ETF 24.4 48 -28 6.4 -1.0
RNDV US Equity Dividend Select ETF 24.1 50 -30 7.8 +0.3
SPHQ Invesco S&P 500 Quality ETF 23.9 15 5 5.2 -2.3
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 23.3 35 -15 8.3 +0.9
VYM Vanguard High Dividend Yield Index ETF 22.6 6 14 7.3 -0.1
RYF Invesco S&P 500 Equal Weight Financials ETF 22.6 40 -20 9.5 +2.0
SCHV Schwab U.S. Large-Cap Value ETF 21.5 4 16 7.0 -0.5
PY Principal Shareholder Yield Index ETF 21.4 15 5 9.2 +1.7
ESGS Columbia Sustainable U.S. Equity Income ETF 20.9 35 -15 8.7 +1.2
QUAL iShares MSCI Usa Quality Factor ETF 20.3 15 5 5.9 -1.6
HDV iShares Core High Dividend ETF 20.2 8 12 6.8 -0.7
QDYN FlexShares Quality Dividend Dynamic Index Fund 19.8 37 -17 6.9 -0.6
VTV Vanguard Value Index Fund 19.8 4 16 7.2 -0.3
FVD First Trust Value Line Dividend Index Fund 19.7 70 -50 6.2 -1.3
SCHD Schwab U.S. Dividend Equity ETF 19.4 6 14 7.8 +0.3
MGV Vanguard Mega Cap Value ETF 19.4 7 13 7.1 -0.4
DLN WisdomTree U.S. LargeCap Dividend Fund 19.1 28 -8 6.9 -0.6
VOOV Vanguard S&P 500 Value ETF 18.9 10 10 7.2 -0.3
FDVV Fidelity Core Dividend ETF 18.9 29 -9 7.4 -0.0
QLC FlexShares US Quality Large Cap Index Fund 18.8 32 -12 5.9 -1.6
DIVB iShares U.S. Dividend & Buyback ETF 18.7 25 -5 7.0 -0.5
IVE iShares S&P 500 Value ETF 18.7 18 2 7.1 -0.4
SPYV SPDR Portfolio S&P 500 Value ETF 18.7 4 16 7.2 -0.3
DGRO iShares Core Dividend Growth ETF 18.6 8 12 6.8 -0.6
DTD WisdomTree U.S.Total Dividend Fund 18.6 28 -8 7.0 -0.5
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 18.6 35 -15 8.3 +0.9
DURA VanEck Vectors Morningstar Durable Dividend ETF 18.4 29 -9 6.9 -0.6
QDF FlexShares Quality Dividend Index Fund 18.2 37 -17 6.8 -0.7
NOBL ProShares S&P 500 Dividend Aristocrats ETF 18.2 35 -15 5.9 -1.5
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 18.2 75 -55 5.5 -2.0
EQWL Invesco Russell Top 200 Equal Weight ETF 18.2 25 -5 6.1 -1.4
IWX iShares Russell Top 200 Value ETF 18.0 20 0 6.7 -0.8
IUSV iShares Core S&P U.S. Value ETF 17.9 4 16 7.3 -0.2
REVS Columbia Research Enhanced Value ETF 17.9 19 1 7.3 -0.2
QUS SPDR MSCI USA StrategicFactors ETF 17.7 15 5 6.1 -1.4
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 17.7 30 -10 9.2 +1.7
QDEF FlexShares Quality Dividend Defensive Index Fund 17.6 37 -17 6.8 -0.6
FDRR Fidelity Dividend ETF for Rising Rates 17.5 29 -9 7.5 +0.1
AFLG First Trust Active Factor Large Cap ETF 17.5 55 -35 6.3 -1.2
LVHD Legg Mason Low Volatility High Dividend ETF 17.5 27 -7 8.1 +0.6
FLLV Franklin Liberty U.S. Low Volatility ETF 17.3 29 -9 5.8 -1.6
DSTL Distillate US Fundamental Stability & Value ETF 17.2 39 -19 6.8 -0.7
HLAL Wahed FTSE USA Shariah ETF 17.0 50 -30 6.5 -1.0
PWV Invesco Dynamic Large Cap Value ETF 16.8 56 -36 8.1 +0.6
USMV iShares Edge MSCI Min Vol USA ETF 16.7 15 5 5.5 -2.0
QSY WisdomTree U.S. LargeCap Value Fund 16.6 38 -18 6.7 -0.8
IWD iShares Russell 1000 Value ETF 16.6 19 1 6.8 -0.7
FTA First Trust Large Cap Value AlphaDEX Fund 16.5 60 -40 9.0 +1.5
VONV Vanguard Russell 1000 Value Index Fund 16.5 8 12 6.9 -0.6
ONEY SPDR Russell 1000 Yield Focus ETF 16.4 20 0 8.7 +1.3
FQAL Fidelity Quality Factor ETF 16.3 29 -9 6.1 -1.3
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 16.2 17 3 6.4 -1.1
FLV American Century Focused Large Cap Value ETF 16.2 42 -22 6.3 -1.2
FLQL Franklin LibertyQ U.S. Equity ETF 16.2 15 5 6.2 -1.3
RECS Columbia Research Enhanced Core ETF 16.1 15 5 6.4 -1.0
NULV Nuveen ESG Large-Cap Value ETF 15.8 35 -15 7.1 -0.4
DVY iShares Select Dividend ETF 15.7 39 -19 9.3 +1.9
MAGA Point Bridge GOP Stock Tracker ETF 15.7 72 -52 6.2 -1.3
JVAL JPMorgan U.S. Value Factor ETF 15.5 12 8 8.7 +1.2
AUSF Global X Adaptive U.S. Factor ETF 15.5 27 -7 9.1 +1.6
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 15.4 60 -40 8.4 +0.9
JQUA JPMorgan U.S. Quality Factor ETF 15.3 12 8 5.6 -1.9
RAFE PIMCO RAFI ESG U.S. ETF 15.3 29 -9 7.5 +0.0
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 15.3 49 -29 5.2 -2.3
LVUS Hartford Multifactor Low Volatility US Equity ETF 15.3 19 1 5.8 -1.7
SPGP Invesco S&P 500 GARP ETF 15.3 34 -14 7.0 -0.5
JDIV JPMorgan U.S. Dividend ETF 15.3 12 8 7.6 +0.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 15.3 25 -5 7.2 -0.3
RPV Invesco S&P 500 Pure Value ETF 15.2 35 -15 10.7 +3.2
PRF Invesco FTSE RAFI US 1000 ETF 15.0 39 -19 7.1 -0.4
RGI Invesco S&P 500 Equal Weight Industrials ETF 15.0 40 -20 4.9 -2.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 15.0 19 1 6.6 -0.9
ROUS Hartford Multifactor US Equity ETF 15.0 19 1 6.4 -1.1
FDLO Fidelity Low Volatility Factor ETF 15.0 29 -9 5.1 -2.4
JHMI John Hancock Multifactor Industrials ETF 14.9 40 -20 5.4 -2.1
YLDE ClearBridge Dividend Strategy ESG ETF 14.9 60 -40 5.3 -2.2
PFM Invesco Dividend Achievers ETF 14.8 53 -33 5.3 -2.2
RDVY First Trust Rising Dividend Achievers ETF 14.8 50 -30 7.8 +0.3
HUSV First Trust Horizon Managed Volatility Domestic ETF 14.8 70 -50 5.0 -2.5
LGLV SPDR Russell 1000 Low Volatility ETF 14.7 12 8 5.4 -2.0
ACIO Aptus Collared Income Opportunity ETF 14.7 79 -59 5.1 -2.4
SDY SPDR S&P Dividend ETF 14.6 35 -15 7.0 -0.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 14.5 15 5 6.9 -0.6
SPXT ProShares S&P 500 Ex-Technology ETF 14.5 27 -7 5.5 -2.0
IUS Invesco Strategic US ETF 14.4 19 1 6.9 -0.6
RDIV Invesco S&P Ultra Dividend Revenue ETF 14.4 39 -19 10.2 +2.7
SUSA iShares MSCI USA ESG Select ETF 14.4 25 -5 5.3 -2.2
EQRR ProShares Equities for Rising Rates ETF 14.3 35 -15 6.7 -0.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 14.2 25 -5 7.2 -0.3
CCOR Core Alternative ETF 14.2 109 -89 4.6 -2.9
JKF iShares Morningstar Large Cap Value ETF 14.1 25 -5 7.5 +0.0
SPQQ Siren Large Cap Blend Index ETF 14.0 20 0 5.2 -2.3
EPS WisdomTree U.S. Earnings 500 Fund 13.9 8 12 7.1 -0.4
DGRW WisdomTree U.S. Quality Dividend Growth Fund 13.8 28 -8 7.2 -0.2

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 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 12.3 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 7.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 CATEGORY
AVERAGE
1.52
 
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.