Global X S&P 500 Quality Dividend ETF
ALTAR
Score™
8.3% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
15.7x P/Sales
ratio
1.3x
P/BV
ratio
1.6x Div.
yield
3.7%


  • 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 67
Wgt avg mkt cap (mns) $62,498
Large cap (>$10bn) 77.4%
Mid cap ($2-10bn) 22.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CLOROX COMPANY 2.5 %
CABOT OIL & GAS CORP 2.2 %
GILEAD SCIENCES INC 2.1 %
FASTENAL CO 2.0 %
BLACKROCK INC 1.9 %
JOHNSON & JOHNSON 1.9 %
C.H. ROBINSON WORLDWIDE INC 1.9 %
CISCO SYSTEMS INC 1.9 %
PFIZER INC 1.8 %
JUNIPER NETWORKS INC 1.8 %
Total 20.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.6 %
IRELAND 4.6 %
SWITZERLAND 1.7 %
BRITAIN 0.7 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-19.4% -5.2% -- -- -6.0%

Market Correlations
versus... Beta R-squared
S&P500 1.21 94%
MSCI EAFE 1.30 90%
MSCI Emg. Mkts. 1.04 83%

Technical Indicators
Recent close $21.94
30d moving avg. $20.54
Annualized volatility 26.1%
Short interest (ETF) 1.8%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 3
Turnover 1.2%
Bid/Ask (% of price) 0.54%
ADV underlying (mns) $26,547

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™: 8.3%


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
(%)
DTN WisdomTree U.S. Dividend ex-Financials Fund 33.1 38 -18 7.9 -0.4
USDY Pacific Global US Equity Income ETF 32.9 29 -9 7.7 -0.6
SCHD Schwab U.S. Dividend Equity ETF 30.4 6 14 7.4 -1.0
VYM Vanguard High Dividend Yield Index ETF 30.1 6 14 7.2 -1.1
OUSA O'Shares FTSE US Quality Dividend ETF 30.0 48 -28 5.7 -2.6
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 29.0 35 -15 8.4 +0.1
SPHQ Invesco S&P 500 Quality ETF 27.5 15 5 5.2 -3.2
LVHD Legg Mason Low Volatility High Dividend ETF 26.4 27 -7 8.6 +0.3
RNDV US Equity Dividend Select ETF 26.0 50 -30 7.8 -0.5
SCHV Schwab U.S. Large-Cap Value ETF 25.8 4 16 7.1 -1.2
NULV Nuveen ESG Large-Cap Value ETF 25.5 35 -15 7.5 -0.9
SPYD SPDR S&P 500 High Dividend ETF 25.2 7 13 10.4 +2.0
DGRO iShares Core Dividend Growth ETF 25.0 8 12 6.5 -1.8
HDV iShares Core High Dividend ETF 24.9 8 12 6.5 -1.8
QDF FlexShares Quality Dividend Index Fund 24.7 37 -17 6.9 -1.4
DLN WisdomTree U.S. LargeCap Dividend Fund 24.5 28 -8 6.4 -2.0
SDOG ALPS Sector Dividend Dogs ETF 24.5 40 -20 10.2 +1.8
VTV Vanguard Value Index Fund 24.5 4 16 7.3 -1.0
SPDV AAM S&P 500 High Dividend Value ETF 24.3 29 -9 10.8 +2.5
QDYN FlexShares Quality Dividend Dynamic Index Fund 24.2 37 -17 6.8 -1.5
RAFE PIMCO RAFI ESG U.S. ETF 24.0 29 -9 7.7 -0.6
ESGS Columbia Sustainable U.S. Equity Income ETF 23.9 35 -15 9.0 +0.7
MGV Vanguard Mega Cap Value ETF 23.7 7 13 7.2 -1.2
QUAL iShares MSCI Usa Quality Factor ETF 23.3 15 5 5.4 -2.9
DTD WisdomTree U.S.Total Dividend Fund 23.0 28 -8 6.6 -1.7
JKF iShares Morningstar Large Cap Value ETF 23.0 25 -5 7.7 -0.7
DIVB iShares U.S. Dividend & Buyback ETF 22.7 25 -5 6.5 -1.8
DURA VanEck Vectors Morningstar Durable Dividend ETF 22.7 29 -9 7.0 -1.4
FLQL Franklin LibertyQ U.S. Equity ETF 22.6 15 5 6.3 -2.0
EQWL Invesco Russell Top 200 Equal Weight ETF 22.5 25 -5 6.0 -2.3
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 22.4 35 -15 8.5 +0.2
RPV Invesco S&P 500 Pure Value ETF 22.1 35 -15 11.3 +2.9
DHS WisdomTree U.S. High Dividend Fund 22.1 38 -18 8.5 +0.1
FDRR Fidelity Dividend ETF for Rising Rates 22.1 29 -9 7.1 -1.3
SPVM Invesco S&P 500 Value with Momentum ETF 22.1 39 -19 9.3 +1.0
SPYV SPDR Portfolio S&P 500 Value ETF 21.9 4 16 7.3 -1.0
IVE iShares S&P 500 Value ETF 21.9 18 2 7.2 -1.1
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 21.7 75 -55 6.1 -2.3
VOOV Vanguard S&P 500 Value ETF 21.7 15 5 7.2 -1.1
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 21.3 75 -55 5.8 -2.6
NOBL ProShares S&P 500 Dividend Aristocrats ETF 21.3 35 -15 6.1 -2.2
IUSV iShares Core S&P U.S. Value ETF 20.9 4 16 7.4 -0.9
FTCS First Trust Capital Strength ETF 20.8 60 -40 4.9 -3.5
QDEF FlexShares Quality Dividend Defensive Index Fund 20.8 37 -17 6.3 -2.0
JVAL JPMorgan U.S. Value Factor ETF 20.6 12 8 8.8 +0.5
SUSA iShares MSCI USA ESG Select ETF 20.3 25 -5 4.8 -3.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 20.2 49 -29 4.2 -4.2
ONEY SPDR Russell 1000 Yield Focus ETF 19.9 20 0 8.4 +0.1
SPYB SPDR S&P 500 Buyback ETF 19.8 35 -15 9.5 +1.2
VALQ American Century STOXX U.S. Quality Value ETF 19.7 29 -9 8.9 +0.5
DVY iShares Select Dividend ETF 19.6 39 -19 8.1 -0.3
AFLG First Trust Active Factor Large Cap ETF 19.5 55 -35 5.6 -2.7
FDVV Fidelity Core Dividend ETF 19.4 29 -9 7.3 -1.0
CCOR Core Alternative ETF 19.4 123 -103 4.3 -4.1
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 19.4 30 -10 9.5 +1.1
FVAL Fidelity Value Factor ETF 19.4 29 -9 8.1 -0.2
FQAL Fidelity Quality Factor ETF 19.3 29 -9 5.5 -2.9
PFM Invesco Dividend Achievers ETF 19.3 54 -34 5.4 -3.0
TMDV ProShares Russell US Dividend Growers ETF 19.2 35 -15 5.3 -3.1
ROUS Hartford Multifactor US Equity ETF 19.1 19 1 7.2 -1.1
FTA First Trust Large Cap Value AlphaDEX Fund 19.0 60 -40 9.1 +0.8
JQUA JPMorgan U.S. Quality Factor ETF 19.0 12 8 5.3 -3.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 18.9 25 -5 6.6 -1.8
QUS SPDR MSCI USA StrategicFactors ETF 18.7 15 5 5.9 -2.5
HLAL Wahed FTSE USA Shariah ETF 18.6 50 -30 4.7 -3.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 18.6 30 -10 6.8 -1.6
QLC FlexShares US Quality Large Cap Index Fund 18.6 32 -12 5.6 -2.8
JDIV JPMorgan U.S. Dividend ETF 18.4 12 8 8.0 -0.3
STLV iShares Factors US Value Style ETF 18.4 25 -5 8.0 -0.3
SPLV Invesco S&P 500 Low Volatility ETF 18.3 25 -5 5.7 -2.7
REVS Columbia Research Enhanced Value ETF 18.3 19 1 7.6 -0.8
YLDE ClearBridge Dividend Strategy ESG ETF 18.2 60 -40 5.0 -3.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 18.2 15 5 6.4 -2.0
DGRW WisdomTree U.S. Quality Dividend Growth Fund 18.1 28 -8 6.6 -1.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 18.0 19 1 5.7 -2.7
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 17.9 35 -15 6.7 -1.6
SPVU Invesco S&P 500 Enhanced Value ETF 17.9 13 7 11.0 +2.6
RECS Columbia Research Enhanced Core ETF 17.9 15 5 5.7 -2.6
PY Principal Shareholder Yield Index ETF 17.8 29 -9 9.3 +1.0
PRF Invesco FTSE RAFI US 1000 ETF 17.8 39 -19 6.8 -1.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 17.7 25 -5 6.6 -1.8
DJD Invesco Dow Jones Industrial Average Dividend ETF 17.4 7 13 6.7 -1.7
EDOW First Trust Dow 30 Equal Weight ETF 17.4 50 -30 5.8 -2.5
SPXT ProShares S&P 500 Ex-Technology ETF 17.4 27 -7 5.7 -2.7
OEF iShares S&P 100 ETF 17.4 20 0 5.0 -3.4
FVD First Trust Value Line Dividend Index Fund 17.4 70 -50 6.2 -2.2
SUSL iShares ESG MSCI USA Leaders ETF 17.3 10 10 5.4 -2.9
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 17.3 10 10 5.5 -2.9
ESGU iShares MSCI USA ESG Optimized ETF 17.1 15 5 5.2 -3.2
SDY SPDR S&P Dividend ETF 17.1 35 -15 7.1 -1.3
VLUE iShares Edge MSCI USA Value Factor ETF 17.1 15 5 11.1 +2.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 17.1 29 -9 6.2 -2.2
DEW WisdomTree Global High Dividend Fund 17.0 58 -38 9.2 +0.9
EPS WisdomTree U.S. Earnings 500 Fund 17.0 8 12 6.5 -1.8
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 17.0 60 -40 5.4 -3.0
BVAL Brand Value ETF 16.8 65 -45 6.1 -2.2
QSY WisdomTree U.S. LargeCap Value Fund 16.8 38 -18 6.8 -1.5
IWX iShares Russell Top 200 Value ETF 16.7 20 0 7.0 -1.3
IWD iShares Russell 1000 Value ETF 16.7 19 1 7.1 -1.3

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 12.9 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 8.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.69 CATEGORY
AVERAGE
1.53
 
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.