Global X Scientific Beta US ETF
ALTAR
Score™
7.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
14.6x P/Sales
ratio
1.4x
P/BV
ratio
1.8x Div.
yield
2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X Scientific Beta US 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 United States Multi-Beta Multi-Strategy Equal Risk Contribution Index.

FUND BASICS
Category US Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date May 13, 2015
Assets (mns) $70
Currency USD
Expense ratio 19 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 383
Wgt avg mkt cap (mns) $52,941
Large cap (>$10bn) 85.8%
Mid cap ($2-10bn) 14.0%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DUKE ENERGY CORP 1.3 %
DOMINION RESOURCES INC/VA 1.1 %
SOUTHERN CO 1.0 %
WAL-MART STORES INC 0.9 %
WEC ENERGY GROUP INC 0.8 %
AMEREN CORPORATION 0.8 %
NEWMONT MINING CORP 0.8 %
ENTERGY CORP 0.8 %
TARGET CORP 0.8 %
CONSOLIDATED EDISON INC 0.8 %
Total 9.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.5 %
IRELAND 2.4 %
BRITAIN 1.5 %
BERMUDA 1.1 %
SWITZERLAND 0.6 %
ISRAEL 0.4 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-23.7% -13.9% -- -- 3.0%

Market Correlations
versus... Beta R-squared
S&P500 1.00 95%
MSCI EAFE 0.95 84%
MSCI Emg. Mkts. 0.70 65%

Technical Indicators
Recent close $25.49
30d moving avg. $29.12
Annualized volatility 15.6%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.7%
Relative strength (RSI) 36

Liquidity measures
Avg. volume (thou.) 18
Turnover 0.7%
Bid/Ask (% of price) 0.98%
ADV underlying (mns) $179,716

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Global X Scientific Beta US ETF ETF based on the alternatives' overlap in portfolio holdings with SCIU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SCIU Expense: 19 bp ALTAR Score™: 7.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SCIU
Ticker Fund
Name
Overlap1
vs SCIU
(%)
Expense
ratio
(bp)
Savings
vs SCIU
(bp)
ALTAR
Score™
(%)
ALTAR
vs SCIU
(%)
RSP Invesco S&P 500 Equal Weight ETF 61.8 20 -1 8.9 +1.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 59.2 9 10 8.5 +0.8
EUSA iShares MSCI USA Equal Weighted ETF 55.1 15 4 8.6 +0.8
SIZE iShares Edge MSCI USA Size Factor ETF 54.8 15 4 8.4 +0.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 54.5 19 0 8.5 +0.7
CFA Victory CEMP US 500 Volatility Weighted Index ETF 51.6 35 -16 8.2 +0.5
RBUS Nationwide Risk-Based U.S. Equity ETF 51.6 30 -11 7.3 -0.5
JHML John Hancock Multifactor Large Cap ETF 51.1 34 -15 7.6 -0.2
RNLC Large Cap US Equity Select ETF 50.1 60 -41 8.2 +0.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 49.4 9 10 7.4 -0.4
FEX First Trust Large Cap Core AlphaDEX Fund 48.6 60 -41 8.2 +0.5
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 47.0 17 2 9.4 +1.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 44.6 17 2 9.2 +1.4
QUS SPDR MSCI USA StrategicFactors ETF 44.5 15 4 7.4 -0.4
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 44.1 35 -16 7.7 -0.1
RVRS Reverse Cap Weighted U.S. Large Cap ETF 44.0 29 -10 10.7 +2.9
VO Vanguard Mid-Cap Index Fund 44.0 4 15 7.7 -0.0
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 43.8 29 -10 9.4 +1.7
IWR iShares Russell Midcap ETF 43.7 19 0 8.1 +0.4
JMIN JPMorgan U.S. Minimum Volatility ETF 42.8 12 7 7.3 -0.4
PBP Invesco S&P 500 BuyWrite ETF 42.3 49 -30 6.8 -1.0
HSPX Global X S&P 500 Covered Call ETF 42.0 65 -46 6.6 -1.2
VV Vanguard Large-Cap Index Fund 41.5 4 15 7.1 -0.7
ONEO SPDR Russell 1000 Momentum Focus ETF 41.5 20 -1 9.6 +1.8
SPY SPDR S&P 500 ETF Trust 41.3 9 10 7.2 -0.6
SPLG SPDR Portfolio Large Cap ETF 41.2 3 16 7.2 -0.5
IVV iShares Core S&P 500 ETF 41.2 4 15 7.2 -0.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 41.2 2 17 7.2 -0.6
PBUS Invesco PureBeta MSCI USA ETF 41.1 4 15 7.2 -0.6
VOO VANGUARD S&P 500 ETF 41.0 3 16 7.2 -0.5
SPYV SPDR Portfolio S&P 500 Value ETF 41.0 4 15 9.4 +1.6
IVE iShares S&P 500 Value ETF 41.0 18 1 9.2 +1.5
SPXE ProShares S&P 500 Ex-Energy ETF 40.8 27 -8 7.1 -0.7
SCHX Schwab U.S. Large-Cap ETF 40.7 3 16 7.1 -0.6
AVUS Avantis U.S. Equity ETF 40.7 15 4 8.1 +0.4
SPXT ProShares S&P 500 Ex-Technology ETF 40.7 27 -8 7.4 -0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 40.6 20 -1 7.2 -0.6
VOOV Vanguard S&P 500 Value ETF 40.5 15 4 9.3 +1.5
VONV Vanguard Russell 1000 Value Index Fund 40.2 8 11 9.4 +1.7
IWD iShares Russell 1000 Value ETF 40.2 19 0 9.3 +1.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 40.2 30 -11 8.0 +0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 40.1 27 -8 6.9 -0.9
SCHK Schwab 1000 Index ETF 39.9 5 14 7.2 -0.6
IWB iShares Russell 1000 ETF 39.9 15 4 7.1 -0.7
VONE Vanguard Russell 1000 ETF 39.9 8 11 7.1 -0.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 39.8 25 -6 8.5 +0.7
USMV iShares Edge MSCI Min Vol USA ETF 39.8 15 4 6.9 -0.8
IUSV iShares Core S&P U.S. Value ETF 39.8 4 15 9.5 +1.8
IYY iShares Dow Jones U.S. ETF 39.7 20 -1 7.1 -0.7
PRF Invesco FTSE RAFI US 1000 ETF 39.5 39 -20 9.4 +1.6
SPTM SPDR Portfolio Total Stock Market ETF 39.5 3 16 7.4 -0.4
CATH Global X S&P 500 Catholic Values Custom ETF 39.4 29 -10 7.1 -0.7
IWS iShares Russell Mid-Cap Value ETF 38.9 24 -5 10.1 +2.4
SCHB Schwab U.S. Broad Market ETF 38.7 3 16 7.2 -0.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 38.7 3 16 7.1 -0.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 38.6 12 7 6.9 -0.9
ROUS Hartford Multifactor US Equity ETF 38.5 19 0 9.4 +1.6
VLU SPDR S&P 1500 Value Tilt ETF 38.5 12 7 9.8 +2.0
IWV iShares Russell 3000 ETF 38.5 20 -1 6.9 -0.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 38.5 25 -6 8.6 +0.8
VTHR Vanguard Russell 3000 Index Fund 38.4 10 9 7.0 -0.7
VTI Vanguard Total Stock Market Index Fund 38.4 3 16 7.1 -0.7
SPXN ProShares S&P 500 Ex-Financials ETF 38.1 27 -8 6.7 -1.0
RWL Invesco S&P 500 Revenue ETF 38.1 39 -20 9.3 +1.6
EQAL Invesco Russell 1000 Equal Weight ETF 38.1 20 -1 7.7 -0.1
SFY SoFi Select 500 ETF 37.9 0 19 6.7 -1.0
AFLG First Trust Active Factor Large Cap ETF 37.7 55 -36 7.8 +0.1
EPS WisdomTree U.S. Earnings 500 Fund 37.4 8 11 8.6 +0.8
ESGU iShares MSCI USA ESG Optimized ETF 37.3 15 4 6.8 -1.0
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 37.3 60 -41 9.2 +1.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 37.3 24 -5 8.5 +0.8
JHMM John Hancock Multifactor Mid Cap ETF 37.2 44 -25 8.4 +0.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 36.9 29 -10 8.2 +0.5
IUS Invesco Strategic US ETF 36.2 19 0 8.1 +0.3
SCHV Schwab U.S. Large-Cap Value ETF 36.0 4 15 9.1 +1.4
JMOM JPMorgan U.S. Momentum Factor ETF 35.9 12 7 5.3 -2.5
FLQL Franklin LibertyQ U.S. Equity ETF 35.7 15 4 8.2 +0.4
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 35.7 20 -1 10.6 +2.8
SNPE Xtrackers S&P 500 ESG ETF 35.4 11 8 7.0 -0.8
DLN WisdomTree U.S. LargeCap Dividend Fund 35.3 28 -9 8.1 +0.4
DTD WisdomTree U.S.Total Dividend Fund 35.3 28 -9 8.6 +0.9
ESGV Vanguard ESG U.S. Stock ETF 35.2 12 7 7.1 -0.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 35.2 20 -1 6.7 -1.0
TPLC Timothy Plan US Large Cap Core ETF 34.7 52 -33 7.5 -0.3
VTV Vanguard Value Index Fund 34.7 4 15 9.3 +1.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 34.6 25 -6 8.7 +1.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 34.4 20 -1 9.7 +1.9
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 34.3 15 4 7.0 -0.8
IQSU IQ Candriam ESG US Equity ETF 34.0 9 10 6.8 -1.0
MXDU Nationwide Maximum Diversification US Core Equity ETF 34.0 34 -15 6.8 -0.9
MGC Vanguard Mega Cap Index Fund 34.0 7 12 6.9 -0.8
SPLV Invesco S&P 500 Low Volatility ETF 33.8 25 -6 6.8 -1.0
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 33.8 49 -30 6.6 -1.2
FTA First Trust Large Cap Value AlphaDEX Fund 33.7 60 -41 12.4 +4.6
TUSA First Trust Total US Market AlphaDEX ETF 33.5 70 -51 9.5 +1.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 33.3 75 -56 5.0 -2.8
DIVB iShares U.S. Dividend & Buyback ETF 33.1 25 -6 8.9 +1.2
TOK iShares MSCI Kokusai ETF 32.9 25 -6 7.4 -0.3
DGRO iShares Core Dividend Growth ETF 32.7 8 11 8.5 +0.8
EXT WisdomTree U.S. Total Earnings Fund 32.4 28 -9 7.8 +0.1

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 Scientific Beta US ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.1 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.51
 
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.