Global X Scientific Beta US ETF
ALTAR
Score™
5.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.8x P/Sales
ratio
2.1x
P/BV
ratio
2.7x Div.
yield
2.0%


  • 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 12, 2015
Assets (mns) $28
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 397
Wgt avg mkt cap (mns) $88,356
Large cap (>$10bn) 94.6%
Mid cap ($2-10bn) 5.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
WAL-MART STORES INC 1.3 %
GILEAD SCIENCES INC 1.0 %
ACTIVISION BLIZZARD INC 1.0 %
MERCK & CO. INC. 0.8 %
COSTCO WHOLESALE CORP 0.8 %
JPMORGAN CHASE & CO 0.7 %
DUKE ENERGY CORP 0.7 %
VERIZON COMMUNICATIONS INC 0.7 %
CLOROX COMPANY 0.7 %
DOMINION RESOURCES INC/VA 0.6 %
Total 8.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.9 %
IRELAND 1.9 %
SWITZERLAND 0.9 %
BRITAIN 0.9 %
BERMUDA 0.8 %
ISRAEL 0.3 %
LUXEMBOURG 0.2 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.9% 1.4% 7.7% -- 7.3%

Market Correlations
versus... Beta R-squared
S&P500 1.00 95%
MSCI EAFE 1.02 84%
MSCI Emg. Mkts. 0.71 66%

Technical Indicators
Recent close $33.08
30d moving avg. $32.01
Annualized volatility 17.6%
Short interest (ETF) 1.8%
Short interest (Underlying) 3.7%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.4%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $169,955

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™: 5.6%


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
(%)
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 64.4 9 10 5.8 +0.2
RSP Invesco S&P 500 Equal Weight ETF 60.6 20 -1 6.5 +0.9
EUSA iShares MSCI USA Equal Weighted ETF 56.9 15 4 6.0 +0.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 56.5 35 -16 5.6 +0.0
SIZE iShares Edge MSCI USA Size Factor ETF 56.3 15 4 6.1 +0.5
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 56.2 17 2 6.3 +0.7
JHML John Hancock Multifactor Large Cap ETF 53.9 29 -10 5.4 -0.3
FEX First Trust Large Cap Core AlphaDEX Fund 53.4 60 -41 5.8 +0.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 52.6 9 10 5.3 -0.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 51.0 17 2 6.2 +0.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 50.0 30 -11 6.3 +0.7
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 49.4 35 -16 5.2 -0.4
RNLC Large Cap US Equity Select ETF 49.3 60 -41 6.1 +0.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 49.0 18 1 6.0 +0.4
RBUS Nationwide Risk-Based U.S. Equity ETF 48.6 30 -11 4.6 -1.0
ONEO SPDR Russell 1000 Momentum Focus ETF 47.7 20 -1 6.2 +0.6
QUS SPDR MSCI USA StrategicFactors ETF 47.1 15 4 5.7 +0.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 46.2 4 15 5.4 -0.2
SPYV SPDR Portfolio S&P 500 Value ETF 45.3 4 15 7.3 +1.6
IVE iShares S&P 500 Value ETF 45.3 18 1 7.1 +1.5
VOOV Vanguard S&P 500 Value ETF 45.3 15 4 7.1 +1.5
AVUS Avantis U.S. Equity ETF 44.8 15 4 5.5 -0.1
PBP Invesco S&P 500 BuyWrite ETF 44.7 49 -30 4.8 -0.8
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 44.6 29 -10 6.7 +1.1
PBUS Invesco PureBeta MSCI USA ETF 44.5 4 15 5.1 -0.6
IWD iShares Russell 1000 Value ETF 44.3 19 0 6.8 +1.2
VONV Vanguard Russell 1000 Value Index Fund 44.2 8 11 6.9 +1.3
VO Vanguard Mid-Cap Index Fund 44.2 4 15 5.1 -0.5
SPXT ProShares S&P 500 Ex-Technology ETF 44.1 27 -8 5.4 -0.2
HSPX Global X S&P 500 Covered Call ETF 44.0 65 -46 4.7 -1.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 44.0 2 17 5.1 -0.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 43.9 7 12 5.0 -0.6
IUSV iShares Core S&P U.S. Value ETF 43.9 4 15 7.3 +1.7
SCHX Schwab U.S. Large-Cap ETF 43.9 3 16 5.1 -0.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 43.8 25 -6 6.2 +0.6
SPY SPDR S&P 500 ETF Trust 43.8 9 10 5.2 -0.5
VV Vanguard Large-Cap Index Fund 43.8 4 15 5.0 -0.6
IVV iShares Core S&P 500 ETF 43.8 4 15 5.2 -0.4
SPLG SPDR Portfolio Large Cap ETF 43.8 3 16 5.2 -0.4
VOO VANGUARD S&P 500 ETF 43.7 3 16 5.2 -0.4
PRF Invesco FTSE RAFI US 1000 ETF 43.5 39 -20 6.6 +1.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 43.4 20 -1 5.1 -0.5
SFY SoFi Select 500 ETF 43.4 0 19 5.0 -0.6
SPXE ProShares S&P 500 Ex-Energy ETF 43.3 27 -8 5.1 -0.5
EPS WisdomTree U.S. Earnings 500 Fund 43.3 8 11 6.3 +0.7
SCHK Schwab 1000 Index ETF 43.0 5 14 5.1 -0.6
IWR iShares Russell Midcap ETF 42.9 19 0 5.5 -0.1
VONE Vanguard Russell 1000 ETF 42.8 8 11 5.0 -0.6
IWB iShares Russell 1000 ETF 42.7 15 4 4.9 -0.7
IYY iShares Dow Jones U.S. ETF 42.7 20 -1 5.0 -0.6
ESGU iShares MSCI USA ESG Optimized ETF 42.6 15 4 4.9 -0.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 42.4 25 -6 6.2 +0.6
CATH Global X S&P 500 Catholic Values Custom ETF 42.3 29 -10 5.0 -0.6
AFLG First Trust Active Factor Large Cap ETF 42.3 55 -36 5.3 -0.3
ROUS Hartford Multifactor US Equity ETF 42.1 19 0 7.0 +1.4
SPTM SPDR Portfolio Total Stock Market ETF 42.0 3 16 5.3 -0.3
SCHB Schwab U.S. Broad Market ETF 41.7 3 16 5.0 -0.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 41.5 3 16 5.0 -0.6
IWV iShares Russell 3000 ETF 41.4 20 -1 4.8 -0.8
VTHR Vanguard Russell 3000 Index Fund 41.3 10 9 4.9 -0.7
VTI Vanguard Total Stock Market Index Fund 41.0 3 16 4.9 -0.7
VLU SPDR S&P 1500 Value Tilt ETF 40.9 12 7 7.2 +1.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 40.6 75 -56 3.8 -1.9
RWL Invesco S&P 500 Revenue ETF 40.5 39 -20 7.0 +1.4
VTV Vanguard Value Index Fund 40.5 4 15 7.3 +1.7
RVRS Reverse Cap Weighted U.S. Large Cap ETF 40.2 29 -10 7.8 +2.2
SCHV Schwab U.S. Large-Cap Value ETF 40.1 4 15 7.1 +1.5
FLQL Franklin LibertyQ U.S. Equity ETF 39.5 15 4 6.0 +0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 39.3 27 -8 4.8 -0.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 39.2 29 -10 5.8 +0.2
IUS Invesco Strategic US ETF 38.9 19 0 6.3 +0.7
DLN WisdomTree U.S. LargeCap Dividend Fund 38.9 28 -9 6.3 +0.7
EQAL Invesco Russell 1000 Equal Weight ETF 38.8 20 -1 5.4 -0.2
SPXN ProShares S&P 500 Ex-Financials ETF 38.8 27 -8 4.8 -0.8
JMIN JPMorgan U.S. Minimum Volatility ETF 38.7 12 7 5.4 -0.3
DTD WisdomTree U.S.Total Dividend Fund 38.4 28 -9 6.5 +0.9
MXDU Nationwide Maximum Diversification US Core Equity ETF 38.4 34 -15 4.7 -0.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 38.3 20 -1 4.7 -0.9
JHMM John Hancock Multifactor Mid Cap ETF 37.9 42 -23 5.5 -0.1
DIVB iShares U.S. Dividend & Buyback ETF 37.9 25 -6 6.4 +0.8
USMV iShares Edge MSCI Min Vol USA ETF 37.6 15 4 5.4 -0.3
ESGV Vanguard ESG U.S. Stock ETF 37.4 12 7 4.9 -0.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 37.2 20 -1 6.8 +1.2
IWS iShares Russell Mid-Cap Value ETF 36.8 24 -5 7.0 +1.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 36.6 25 -6 6.3 +0.7
EXT WisdomTree U.S. Total Earnings Fund 36.5 28 -9 5.0 -0.6
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 36.3 20 -1 7.4 +1.8
KOKU Xtrackers MSCI Kokusai Equity ETF 36.1 9 10 5.5 -0.1
SNPE Xtrackers S&P 500 ESG ETF 36.0 11 8 4.9 -0.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 36.0 12 7 4.4 -1.2
TOK iShares MSCI Kokusai ETF 35.9 25 -6 5.4 -0.2
JQUA JPMorgan U.S. Quality Factor ETF 35.9 12 7 5.2 -0.4
DGRO iShares Core Dividend Growth ETF 35.4 8 11 6.5 +0.9
MGC Vanguard Mega Cap Index Fund 35.3 7 12 5.0 -0.6
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 35.2 35 -16 5.7 +0.1
TUSA First Trust Total US Market AlphaDEX ETF 35.0 70 -51 5.7 +0.1
IQSU IQ Candriam ESG US Equity ETF 34.7 9 10 4.9 -0.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 34.6 24 -5 6.0 +0.3
QWLD SPDR MSCI World StrategicFactors ETF 34.5 30 -11 6.0 +0.4
URTH iShares MSCI World ETF 34.4 24 -5 5.5 -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 14.6 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 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.