Global X Scientific Beta Asia ex-Japan ETF
ALTAR
Score™
6.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
18.9x P/Sales
ratio
1.8x
P/BV
ratio
1.0x Div.
yield
4.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X Scientific Beta Asia ex-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 Developed Asia-Pacific ex Japan Multi-Beta Multi-Strategy Equal Risk Contribution Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date May 12, 2015
Assets (mns) $2
Currency USD
Expense ratio 38 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 114
Wgt avg mkt cap (mns) $13,792
Large cap (>$10bn) 41.7%
Mid cap ($2-10bn) 56.9%
Small cap (<$2bn) 1.5%
Developed mkts 99.4%
Emerging mkts 0.6%

TOP TEN HOLDINGS
CLP HOLDINGS LTD 2.5 %
MERIDIAN ENERGY LTD 2.2 %
HANG LUNG PROPERTIES LTD 1.9 %
HONGKONG ELECTRIC HOLDINGS 1.9 %
MTR CORP 1.9 %
SINGAPORE EXCHANGE LTD 1.9 %
LINK REIT 1.8 %
WILMAR INTERNATIONAL LTD 1.8 %
WOOLWORTHS LIMITED 1.8 %
NEWCREST MINING LIMITED 1.7 %
Total 19.4 %

TOP COUNTRY EXPOSURE
AUSTRALIA 37.8 %
HONG KONG 30.0 %
SINGAPORE 19.9 %
NEW ZEALAND 7.4 %
BERMUDA 2.2 %
CHINA 0.7 %
THAILAND 0.7 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.4% -15.7% 1.9% -- 0.8%

Market Correlations
versus... Beta R-squared
S&P500 0.86 74%
MSCI EAFE 1.00 87%
MSCI Emg. Mkts. 0.80 87%

Technical Indicators
Recent close $20.38
30d moving avg. $20.68
Annualized volatility 17.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.59%
ADV underlying (mns) $9,034

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: SCIX Expense: 38 bp ALTAR Score™: 6.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SCIX
Ticker Fund
Name
Overlap1
vs SCIX
(%)
Expense
ratio
(bp)
Savings
vs SCIX
(bp)
ALTAR
Score™
(%)
ALTAR
vs SCIX
(%)
EPP iShares MSCI Pacific ex-Japan ETF 38.3 48 -10 6.7 -0.2
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 38.1 19 19 7.0 +0.2
FLHK Franklin FTSE Hong Kong ETF 25.7 9 29 8.1 +1.3
FLAU Franklin FTSE Australia ETF 24.8 9 29 6.9 +0.0
EWH iShares MSCI Hong Kong ETF 24.6 49 -11 7.0 +0.2
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 23.9 80 -42 8.0 +1.2
ZHOK SPDR Solactive Hong Kong ETF 22.4 14 24 6.8 -0.0
EWA iShares MSCI Australia ETF 21.9 50 -12 6.3 -0.5
DVYA iShares Asia/Pacific Dividend ETF 19.2 49 -11 13.4 +6.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 19.0 80 -42 6.0 -0.9
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 17.6 30 8 7.6 +0.7
EWS iShares MSCI Singapore ETF 16.9 50 -12 8.6 +1.7
DRW WisdomTree Global ex-US Real Estate Fund 16.3 58 -20 10.8 +4.0
IPAC iShares Core MSCI Pacific ETF 15.7 9 29 7.4 +0.6
WPS iShares International Developed Property ETF 15.0 48 -10 8.1 +1.3
FAUS First Trust Australia AlphaDEX Fund 14.8 80 -42 8.1 +1.3
IFGL iShares International Developed Real Estate ETF 14.5 48 -10 7.8 +0.9
VPL Vanguard FTSE Pacific ETF 14.4 8 30 7.8 +0.9
FHK First Trust Hong Kong AlphaDEX Fund 13.6 80 -42 9.5 +2.7
JPIN JPMorgan Diversified Return International Equity ETF 13.5 37 1 8.1 +1.2
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 13.4 10 28 9.3 +2.4
DWMF WisdomTree International Multifactor Fund 13.3 38 0 6.8 -0.0
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 13.0 83 -45 5.4 -1.5
VNQI Vanguard Global ex-US Real Estate Index Fund 12.7 12 26 10.1 +3.3
EFAV iShares Edge MSCI Min Vol EAFE ETF 12.6 20 18 5.5 -1.3
JPGE JPMorgan Diversified Return Global Equity ETF 12.5 29 9 7.5 +0.6
IDLV Invesco S&P International Developed Low Volatility ETF 12.5 25 13 6.7 -0.1
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 12.0 24 14 7.3 +0.5
TPIF Timothy Plan International ETF 12.0 62 -24 6.4 -0.5
MVIN Natixis Seeyond International Minimum Volatility ETF 11.8 56 -18 5.4 -1.5
INTF iShares Edge MSCI Multifactor Intl ETF 11.0 30 8 7.9 +1.1
DIM WisdomTree International MidCap Dividend Fund 10.7 58 -20 7.8 +1.0
RWX SPDR Dow Jones International Real Estate ETF 10.7 59 -21 6.8 -0.1
FGD First Trust Dow Jones Global Select Dividend Index Fund 10.2 59 -21 11.3 +4.5
FID First Trust S&P International Dividend Aristocrats ETF 10.1 60 -22 9.9 +3.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 9.9 20 18 9.6 +2.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 9.9 29 9 8.8 +1.9
WDIV SPDR Global Dividend ETF 9.6 40 -2 9.9 +3.1
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 9.3 60 -22 7.4 +0.6
IQLT iShares Edge MSCI Intl Quality Factor ETF 9.3 30 8 6.1 -0.8
IDY Pacific Global International Equity Income ETF 9.1 39 -1 8.1 +1.3
IDV iShares International Select Dividend ETF 9.0 49 -11 10.2 +3.4
QEFA SPDR MSCI EAFE Quality Mix ETF 8.9 30 8 6.9 +0.0
PQIN PGIM QMA Strategic Alpha International Equity ETF 8.9 29 9 7.7 +0.9
CIL VictoryShares International Volatility Weighted Index ETF 8.6 45 -7 6.8 -0.1
UIVM VictoryShares USAA MSCI International Value Momentum ETF 8.6 35 3 8.9 +2.0
ISZE iShares Edge MSCI Intl Size Factor ETF 8.6 30 8 7.5 +0.6
FDEV Fidelity Targeted International Factor ETF 8.5 39 -1 6.6 -0.3
GCOW Pacer Global High Dividend ETF 8.3 60 -22 10.5 +3.6
LVIN Hartford Multifactor Low Volatility International Equity ETF 8.2 29 9 12.3 +5.5
RNDM Developed International Equity Select ETF 8.2 65 -27 6.4 -0.4
VIDI Vident International Equity Fund 8.0 59 -21 11.4 +4.6
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 8.0 35 3 6.8 -0.1
DTH WisdomTree DEFA Equity Income Fund 7.9 58 -20 9.8 +3.0
IDHQ Invesco S&P International Developed Quality ETF 7.8 29 9 5.1 -1.8
JHMD John Hancock Multifactor Developed International ETF 7.7 39 -1 7.5 +0.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 7.7 32 6 6.4 -0.5
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 7.7 45 -7 10.0 +3.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 7.7 20 18 11.1 +4.2
GSID Goldman Sachs MarketBeta International Equity ETF 7.7 20 18 7.4 +0.5
DWX SPDR S&P International Dividend ETF 7.7 45 -7 8.1 +1.2
AIA iShares Asia 50 ETF 7.6 50 -12 8.1 +1.2
GQRE FlexShares Global Quality Real Estate Index Fund 7.6 45 -7 7.1 +0.3
DWM WisdomTree International Equity Fund 7.5 48 -10 8.3 +1.5
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 7.4 30 8 0.0 -6.8
HFXI IQ 50 Percent Hedged FTSE International ETF 7.4 20 18 7.5 +0.7
IDLB Invesco FTSE International Low Beta Equal Weight ETF 7.4 45 -7 7.2 +0.3
EFAD ProShares MSCI EAFE Dividend Growers ETF 7.4 50 -12 6.2 -0.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 7.3 35 3 8.6 +1.7
EFA iShares MSCI EAFE ETF 7.3 32 6 7.1 +0.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 7.2 35 3 6.9 +0.1
EFG iShares MSCI EAFE Growth ETF 7.1 40 -2 4.6 -2.3
IQSI IQ Candriam ESG International Equity ETF 7.1 15 23 7.3 +0.5
RBIN Nationwide Risk-Based International Equity ETF 7.1 42 -4 6.5 -0.4
DOO WisdomTree International Dividend ex-Financials Fund 7.1 58 -20 8.9 +2.0
ENZL iShares MSCI New Zealand Capped ETF 7.1 50 -12 3.1 -3.8
ESGN Columbia Sustainable International Equity Income ETF 7.0 45 -7 10.8 +4.0
RFDI First Trust Riverfront Dynamic Developed International ETF 7.0 83 -45 5.7 -1.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 6.9 25 13 6.6 -0.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 6.9 7 31 7.6 +0.8
VYMI Vanguard International High Dividend Yield ETF 6.9 32 6 10.2 +3.4
FLAX Franklin FTSE Asia Ex Japan ETF 6.8 19 19 7.7 +0.9
DOL WisdomTree International LargeCap Dividend Fund 6.8 48 -10 8.6 +1.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 6.7 68 -30 7.0 +0.2
IEFA iShares Core MSCI EAFE ETF 6.7 7 31 7.4 +0.5
GNR SPDR S&P Global Natural Resources ETF 6.6 40 -2 6.7 -0.1
BKIE BNY Mellon International Equity ETF 6.6 4 34 7.5 +0.7
LVHI Legg Mason International Low Volatility High Dividend ETF 6.6 40 -2 9.3 +2.5
FIVA Fidelity International Value Factor ETF 6.5 39 -1 10.1 +3.2
SCHF Schwab International Equity ETF 6.5 6 32 7.4 +0.6
ESGD iShares MSCI EAFE ESG Optimized ETF 6.4 20 18 7.0 +0.1
RWO SPDR Dow Jones Global Real Estate ETF 6.3 50 -12 7.3 +0.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 6.3 20 18 7.1 +0.3
FDT First Trust Developed Markets ex-US Alphadex Fund 6.3 80 -42 7.5 +0.7
IDMO Invesco S&P International Developed Momentum ETF 6.2 26 12 4.5 -2.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 6.1 39 -1 6.7 -0.2
IDEV iShares Core MSCI International Developed Markets ETF 6.1 5 33 7.3 +0.5
EFV iShares MSCI EAFE Value ETF 6.0 39 -1 9.6 +2.8
SPDW SPDR Portfolio Developed World ex-US ETF 6.0 4 34 7.2 +0.4

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 Asia ex-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 7.1 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 38 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 CATEGORY
AVERAGE
1.45
 
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.