Global X Scientific Beta Japan ETF
ALTAR
Score™
7.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
15.2x P/Sales
ratio
0.6x
P/BV
ratio
1.0x Div.
yield
2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X Scientific Beta Japan ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Scientific Beta Japan Multi-Beta Multi-Strategy Equal Risk Contribution Index.

FUND BASICS
Category International Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date May 13, 2015
Assets (mns) $3
Currency USD
Expense ratio 39 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Brown Brothers Harriman & Co
Weighting Multi-Factor
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 235
Wgt avg mkt cap (mns) $14,578
Large cap (>$10bn) 35.7%
Mid cap ($2-10bn) 62.6%
Small cap (<$2bn) 1.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NEC CORP 1.7 %
NIPPON TELEGRAPH AND TELEPHONE COR 1.6 %
FUJITSU LTD 1.5 %
CHUGOKU ELECTRIC POWER CO 1.3 %
TOYO SUISAN KAISHA LTD 1.3 %
ITOCHU CORP 1.1 %
TOHO GAS CO LTD 1.1 %
NTT DOCOMO, INC. 1.1 %
KDDI CORPORATION 1.0 %
NIPPON MEAT PACKERS INC 1.0 %
Total 12.5 %

TOP COUNTRY EXPOSURE
JAPAN 99.3 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.7% -10.4% -- -- 1.5%

Market Correlations
versus... Beta R-squared
S&P500 0.60 60%
MSCI EAFE 0.70 70%
MSCI Emg. Mkts. 0.49 54%

Technical Indicators
Recent close $25.07
30d moving avg. $23.56
Annualized volatility 13.1%
Short interest (ETF) 1.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.43%
ADV underlying (mns) $10,987

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Global X Scientific Beta Japan ETF ETF based on the alternatives' overlap in portfolio holdings with SCIJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SCIJ Expense: 39 bp ALTAR Score™: 7.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SCIJ
Ticker Fund
Name
Overlap1
vs SCIJ
(%)
Expense
ratio
(bp)
Savings
vs SCIJ
(bp)
ALTAR
Score™
(%)
ALTAR
vs SCIJ
(%)
EWJE iShares MSCI Japan Equal Weighted ETF 59.0 15 24 7.5 -0.0
JPMV iShares Edge MSCI Min Vol Japan ETF 50.6 30 9 7.3 -0.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 50.6 25 14 8.1 +0.5
BBJP JPMorgan BetaBuilders Japan ETF 46.9 19 20 8.2 +0.6
QJPN SPDR MSCI Japan StrategicFactors ETF 46.8 14 25 8.5 +0.9
EWJ iShares MSCI Japan ETF 46.3 49 -10 7.9 +0.4
DBJP Xtrackers MSCI Japan Hedged Equity ETF 45.5 45 -6 8.0 +0.4
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 44.3 30 9 8.1 +0.6
FLJP Franklin FTSE Japan ETF 44.0 9 30 8.3 +0.8
FLJH Franklin FTSE Japan Hedged ETF 43.4 9 30 8.3 +0.7
JPXN iShares JPX-Nikkei 400 ETF 43.4 48 -9 7.9 +0.4
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 42.6 9 30 8.4 +0.8
EWJV iShares MSCI Japan Value ETF 38.3 15 24 11.6 +4.1
IPAC iShares Core MSCI Pacific ETF 34.7 9 30 8.0 +0.5
VPL Vanguard FTSE Pacific ETF 30.2 8 31 8.4 +0.8
FJP First Trust Japan AlphaDEX Fund 30.0 80 -41 10.0 +2.4
DXJ WisdomTree Japan Hedged Equity Fund 29.9 48 -9 8.9 +1.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 26.1 29 10 8.5 +1.0
IDLV Invesco S&P International Developed Low Volatility ETF 25.8 25 14 7.2 -0.3
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 24.4 83 -44 7.6 0.0
IVLU iShares Edge MSCI Intl Value Factor ETF 24.1 30 9 12.0 +4.5
UIVM VictoryShares USAA MSCI International Value Momentum ETF 23.4 35 4 9.1 +1.6
ISZE iShares Edge MSCI Intl Size Factor ETF 23.2 30 9 7.5 -0.1
EFAV iShares Edge MSCI Min Vol EAFE ETF 22.1 20 19 6.1 -1.5
IQIN IQ 500 International ETF 20.9 25 14 9.9 +2.3
DIM WisdomTree International MidCap Dividend Fund 20.4 58 -19 8.2 +0.7
DDJP WisdomTree Dynamic Currency Hedged Japan Equity Fund 20.3 43 -4 9.5 +2.0
QEFA SPDR MSCI EAFE Quality Mix ETF 20.1 30 9 7.2 -0.4
RBIN Nationwide Risk-Based International Equity ETF 19.8 42 -3 6.8 -0.8
JHMD John Hancock Multifactor Developed International ETF 19.3 45 -6 8.0 +0.4
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 19.0 80 -41 6.3 -1.2
FNDF Schwab Fundamental International Large Co. Index ETF 18.1 25 14 9.4 +1.8
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 17.9 48 -9 0.0 -7.6
DWMF WisdomTree International Multifactor Fund 17.8 38 1 7.2 -0.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 17.4 29 10 9.2 +1.7
JPGE JPMorgan Diversified Return Global Equity ETF 17.4 29 10 7.8 +0.2
IDY Pacific Global International Equity Income ETF 17.4 39 0 9.4 +1.8
HFXI IQ 50 Percent Hedged FTSE International ETF 17.2 20 19 8.1 +0.5
ESGD iShares MSCI EAFE ESG Optimized ETF 17.2 20 19 7.7 +0.2
EFV iShares MSCI EAFE Value ETF 17.2 39 0 10.8 +3.2
EFA iShares MSCI EAFE ETF 16.9 32 7 7.7 +0.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 16.8 20 19 7.7 +0.1
IMTM iShares Edge MSCI Intl Momentum Factor ETF 16.7 30 9 5.2 -2.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 16.6 39 0 7.1 -0.5
FDEV Fidelity Targeted International Factor ETF 16.5 39 0 6.9 -0.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 16.4 35 4 7.5 -0.1
JPIN JPMorgan Diversified Return International Equity ETF 16.1 38 1 8.5 +0.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 16.1 25 14 7.3 -0.3
IDLB Invesco FTSE International Low Beta Equal Weight ETF 15.9 45 -6 7.6 0.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 15.6 32 7 6.8 -0.8
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 15.6 7 32 8.1 +0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 15.5 45 -6 9.6 +2.0
FDT First Trust Developed Markets ex-US Alphadex Fund 15.5 80 -41 8.3 +0.8
SPDW SPDR Portfolio Developed World ex-US ETF 15.4 4 35 7.7 +0.2
TPIF Timothy Plan International ETF 15.3 62 -23 7.5 -0.1
CIL VictoryShares International Volatility Weighted Index ETF 15.1 45 -6 7.2 -0.4
IQSI IQ Candriam ESG International Equity ETF 15.0 15 24 7.8 +0.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 15.0 24 15 7.7 +0.1
IEFA iShares Core MSCI EAFE ETF 14.9 7 32 7.8 +0.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 14.9 14 25 7.4 -0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 14.8 35 4 9.1 +1.5
PDEV Principal International Multi-Factor Core Index ETF 14.7 25 14 8.4 +0.8
KLDW Gavekal Knowledge Leaders Developed World ETF 14.5 75 -36 5.0 -2.5
MVIN Natixis Seeyond International Minimum Volatility ETF 14.5 55 -16 6.0 -1.6
DWM WisdomTree International Equity Fund 14.5 48 -9 8.8 +1.3
SCHF Schwab International Equity ETF 14.4 6 33 7.9 +0.3
EFG iShares MSCI EAFE Growth ETF 13.6 40 -1 5.0 -2.6
ISDX Invesco Strategic Developed ex-US ETF 13.1 23 16 8.1 +0.5
ESGN Columbia Sustainable International Equity Income ETF 12.9 45 -6 11.8 +4.3
VEA Vanguard FTSE Developed Markets ETF 12.8 5 34 8.0 +0.4
IDEV iShares Core MSCI International Developed Markets ETF 12.8 5 34 7.8 +0.2
RFDI First Trust Riverfront Dynamic Developed International ETF 12.4 83 -44 6.8 -0.8
DOL WisdomTree International LargeCap Dividend Fund 12.1 48 -9 9.1 +1.5
VSGX Vanguard ESG International Stock ETF 11.8 17 22 7.9 +0.3
ACWX iShares MSCI ACWI ex U.S. ETF 11.7 32 7 8.0 +0.5
LVIN Hartford Multifactor Low Volatility International Equity ETF 11.7 29 10 13.0 +5.5
CWI SPDR MSCI ACWI ex-US ETF 11.7 30 9 8.1 +0.5
INTF iShares Edge MSCI Multifactor Intl ETF 11.4 30 9 8.8 +1.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 11.2 40 -1 7.9 +0.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 11.0 39 0 9.8 +2.2
VEU Vanguard FTSE All-World ex-US Index Fund 11.0 8 31 8.3 +0.7
RNDM Developed International Equity Select ETF 10.8 65 -26 6.8 -0.8
QINT American Century Quality Diversified International ETF 10.7 39 0 6.3 -1.3
ACWV iShares Edge MSCI Min Vol Global ETF 10.5 20 19 6.0 -1.5
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 10.5 16 23 7.5 -0.1
AVDE Avantis International Equity ETF 10.4 23 16 8.5 +1.0
IXUS ishares Core MSCI Total International Stock ETF 10.1 9 30 8.1 +0.5
VXUS Vanguard Total International Stock Index Fund 10.0 8 31 8.3 +0.7
FIVA Fidelity International Value Factor ETF 9.4 39 0 11.1 +3.5
NUDM Nuveen ESG International Developed Markets Equity ETF 8.5 40 -1 7.3 -0.3
DTH WisdomTree DEFA Equity Income Fund 8.4 58 -19 10.3 +2.7
IGRO iShares International Dividend Growth ETF 8.4 22 17 8.5 +1.0
QWLD SPDR MSCI World StrategicFactors ETF 8.3 30 9 6.2 -1.3
IQDE FlexShares International Quality Dividend Defensive Index Fd 8.1 47 -8 13.4 +5.8
AVDV Avantis International Small Cap Value ETF 8.1 36 3 8.7 +1.1
EXI iShares Global Industrials ETF 7.9 46 -7 6.6 -1.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 7.9 45 -6 7.3 -0.2
IQLT iShares Edge MSCI Intl Quality Factor ETF 7.7 30 9 6.6 -1.0
ICOW Pacer Developed Markets International Cash Cows 100 ETF 7.6 65 -26 12.8 +5.2

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%.

Content on this tab for subscribers only**

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 Scientific Beta Japan 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 7.6 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.72 CATEGORY
AVERAGE
1.58
 
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.