Global X SuperDividend Emerging Markets ETF
ALTAR
Score™
26.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
5.0x P/Sales
ratio
0.5x
P/BV
ratio
0.6x Div.
yield
12.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X SuperDividend Emerging Markets ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx SuperDividend? Emerging Markets Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Global X ETFs/USA
Website www.globalxfunds.com
Inception date Mar 16, 2015
Assets (mns) $13
Currency USD
Expense ratio 67 bp
Distributions Monthly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 51
Wgt avg mkt cap (mns) $7,975
Large cap (>$10bn) 16.1%
Mid cap ($2-10bn) 61.1%
Small cap (<$2bn) 21.6%
Developed mkts 2.0%
Emerging mkts 98.0%

TOP TEN HOLDINGS
KWG PROPERTY HOLDING LTD 3.8 %
MICRO-STAR INTERNATIONAL CO 3.4 %
MMC NORILSK NICKEL OJSC 3.4 %
INVENTEC CO LTD 2.9 %
LITE-ON TECHNOLOGY CORP 2.9 %
WALSIN TECHNOLOGY CORP 2.7 %
ALDAR PROPERTIES PJSC 2.6 %
EREGLI DEMIR VE CELIK FABRIK 2.6 %
BARWA REAL ESTATE CO 2.5 %
YUZHOU PROPERTIES CO 2.5 %
Total 29.4 %

TOP COUNTRY EXPOSURE
RUSSIA 18.8 %
CHINA 16.8 %
TAIWAN 15.8 %
BRAZIL 9.3 %
SOUTH AFRICA 8.1 %
TURKEY 6.1 %
HONG KONG 5.8 %
UAE 2.7 %
QATAR 2.6 %
PAKISTAN 2.1 %

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.
-33.7% -30.5% -- -- -5.3%

Market Correlations
versus... Beta R-squared
S&P500 0.95 48%
MSCI EAFE 1.14 67%
MSCI Emg. Mkts. 1.05 84%

Technical Indicators
Recent close $8.87
30d moving avg. $10.47
Annualized volatility 20.9%
Short interest (ETF) 0.3%
Relative strength (RSI) 31

Liquidity measures
Avg. volume (thou.) 30
Turnover 2.0%
Bid/Ask (% of price) 0.65%
ADV underlying (mns) $1,499

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: SDEM Expense: 67 bp ALTAR Score™: 26.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SDEM
Ticker Fund
Name
Overlap1
vs SDEM
(%)
Expense
ratio
(bp)
Savings
vs SDEM
(bp)
ALTAR
Score™
(%)
ALTAR
vs SDEM
(%)
DVYE iShares Emerging Markets Dividend ETF 22.1 49 18 15.4 -11.1
ERUS iShares MSCI Russia ETF 18.7 59 8 19.1 -7.4
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 18.0 51 16 21.3 -5.3
EEMD AAM S&P Emerging Markets High Dividend Value ETF 16.8 50 17 26.2 -0.4
FLRU Franklin FTSE Russia ETF 14.1 19 48 24.5 -2.1
EDOG ALPS Emerging Sector Dividend Dogs ETF 13.0 60 7 13.9 -12.7
SDIV Global X SuperDividend ETF 11.6 58 9 24.9 -1.7
EYLD Cambria Emerging Shareholder Yield ETF 11.3 66 1 21.5 -5.1
FEM First Trust Emerging Markets AlphaDEX Fund 11.0 80 -13 15.1 -11.5
EEMO Invesco S&P Emerging Markets Momentum ETF 10.0 30 37 12.7 -13.9
LVHE Legg Mason Emerging Markets Low Volatility High Dividend ETF 9.8 51 16 13.6 -13.0
FLN First Trust Latin America AlphaDEX Fund 8.5 80 -13 9.0 -17.6
IQDE FlexShares International Quality Dividend Defensive Index Fd 8.0 47 20 15.9 -10.7
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 7.8 45 22 12.2 -14.3
CHIR Global X MSCI China Real Estate ETF 7.7 65 2 19.1 -7.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 7.5 70 -3 16.0 -10.5
FCA First Trust China AlphaDEX Fund 7.5 80 -13 17.4 -9.2
PXH Invesco FTSE RAFI Emerging Markets ETF 7.3 50 17 16.4 -10.1
DEM WisdomTree Emerging Markets High Dividend Fund 7.3 63 4 17.3 -9.3
IQDF FlexShares International Quality Dividend Index Fund 6.8 47 20 16.5 -10.1
FTRI First Trust Indxx Global Natural Resources Income ETF 6.6 70 -3 14.3 -12.3
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 6.5 45 22 16.7 -9.8
FBZ First Trust Brazil AlphaDEX Fund 6.3 80 -13 9.5 -17.1
EMMF WisdomTree Emerging Markets Multifactor Fund 6.3 48 19 12.3 -14.3
TUR iShares MSCI Turkey ETF 6.1 59 8 24.2 -2.4
ISEM Invesco Strategic Emerging Markets ETF 5.8 35 32 12.2 -14.4
EWZ iShares MSCI Brazil Capped ETF 5.7 59 8 7.7 -18.9
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 5.4 80 -13 19.6 -7.0
RSX VanEck Vectors Russia ETF 5.3 65 2 17.2 -9.3
KOL VanEck Vectors Coal ETF 5.3 60 7 25.1 -1.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 5.3 32 35 11.8 -14.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 5.1 49 18 10.6 -15.9
FLBR Franklin FTSE Brazil ETF 4.9 19 48 8.5 -18.1
EZA iShares MSCI South Africa ETF 4.9 59 8 13.0 -13.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.8 47 20 17.5 -9.1
PICK iShares MSCI Global Metals & Mining Producers ETF 4.8 39 28 11.1 -15.5
EMXC iShares MSCI Emerging Markets ex China ETF 4.8 49 18 10.8 -15.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 4.7 49 18 11.9 -14.7
FLLA Franklin FTSE Latin America ETF 4.6 19 48 9.7 -16.9
FLZA Franklin FTSE South Africa ETF 4.6 19 48 15.3 -11.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 4.6 20 47 12.8 -13.8
CEZ Victory CEMP Emerging Market Volatility Wtd Index ETF 4.5 50 17 13.0 -13.6
RNEM Emerging Markets Equity Select ETF 4.5 75 -8 11.9 -14.7
BKF iShares MSCI BRIC ETF 4.3 69 -2 10.4 -16.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 4.3 63 4 16.8 -9.8
GVAL Cambria Global Value ETF 4.1 69 -2 14.2 -12.4
EDIV SPDR S&P Emerging Markets Dividend ETF 4.0 49 18 13.8 -12.7
DWCR Arrow DWA Country Rotation ETF 4.0 95 -28 14.3 -12.3
VIDI Vident International Equity Fund 4.0 59 8 15.3 -11.3
ROAM Hartford Multifactor Emerging Markets ETF 3.9 44 23 18.5 -8.0
OBOR KraneShares MSCI One Belt One Road Index ETF 3.8 79 -12 12.0 -14.6
YLCO Global X YieldCo Index ETF 3.5 65 2 5.4 -21.2
DRW WisdomTree Global ex-US Real Estate Fund 3.5 58 9 12.1 -14.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.5 59 8 13.5 -13.1
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 3.4 25 42 2.8 -23.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 3.4 45 22 10.7 -15.9
FILL iShares MSCI Global Energy Producers ETF 3.4 39 28 8.7 -17.9
ESGE iShares ESG MSCI EM ETF 3.3 25 42 11.9 -14.7
EWT iShares MSCI Taiwan ETF 3.3 59 8 7.9 -18.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 3.2 95 -28 12.7 -13.9
DOGS Arrow Dogs of the World ETF 3.2 134 -67 14.7 -11.8
PBEE Invesco PureBeta FTSE Emerging Markets ETF 3.2 14 53 11.7 -14.9
EEM iShares MSCI Emerging Markets ETF 3.1 68 -1 10.4 -16.2
DVEM WisdomTree Emerging Markets Dividend Fund 3.1 32 35 11.3 -15.3
GULF WisdomTree Middle East Dividend Fund 3.0 88 -21 10.9 -15.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.0 45 22 10.9 -15.7
IEMG iShares Core MSCI Emerging Markets ETF 2.9 14 53 10.9 -15.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 2.9 39 28 15.7 -10.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 2.9 29 38 12.8 -13.8
PIE Invesco DWA Emerging Markets Momentum ETF 2.8 90 -23 7.1 -19.5
FLTW Franklin FTSE Taiwan ETF 2.8 19 48 8.3 -18.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 2.8 65 2 10.3 -16.3
NUEM Nuveen ESG Emerging Markets Equity ETF 2.7 45 22 9.6 -17.0
ILF iShares Latin America 40 ETF 2.7 48 19 9.9 -16.6
GAMR ETFMG Video Game Tech ETF 2.7 75 -8 5.2 -21.4
CHIM Global X China Materials ETF 2.7 65 2 12.0 -14.6
EMCG WisdomTree Emerging Markets Consumer Growth Fund 2.7 32 35 9.5 -17.1
UAE iShares MSCI UAE Capped ETF 2.6 59 8 13.2 -13.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 2.6 20 47 9.4 -17.2
QAT iShares MSCI Qatar Capped ETF 2.5 59 8 8.4 -18.2
EMFM Global X MSCI Next Emerging & Frontier ETF 2.5 55 12 10.6 -16.0
SCHE Schwab Emerging Markets Equity ETF 2.3 13 54 10.7 -15.9
VWO Vanguard FTSE Emerging Markets ETF 2.3 10 57 10.8 -15.8
ESPO VanEck Vectors Video Gaming & eSports ETF 2.3 55 12 3.7 -22.8
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 2.2 40 27 9.3 -17.3
CHIX Global X China Financials ETF 2.2 65 2 19.6 -7.0
PAK Global X MSCI Pakistan ETF 2.1 87 -20 20.1 -6.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.1 30 37 11.3 -15.3
DWX SPDR S&P International Dividend ETF 2.1 45 22 9.2 -17.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.1 60 7 10.4 -16.2
FDEM Fidelity Targeted Emerging Markets Factor ETF 2.0 45 22 12.1 -14.4
AADR WCM/BNY Mellon Focused Growth ADR ETF 2.0 110 -43 5.1 -21.5
CHIK Global X MSCI China Information Technology ETF 1.9 65 2 12.7 -13.9
CHIE Global X China Energy ETF 1.9 66 1 11.5 -15.0
SOIL Global X Fertilizers/Potash ETF 1.9 69 -2 7.3 -19.3
GUNR Flexshares Morningstar Global Upstream Natural Resources 1.8 46 21 8.3 -18.2
FLMX Franklin FTSE Mexico ETF 1.8 19 48 12.4 -14.1
EWW iShares MSCI Mexico Capped ETF 1.8 49 18 11.9 -14.6
FONE First Trust Indxx NextG ETF 1.8 70 -3 7.7 -18.8
ARGT Global X MSCI Argentina ETF 1.8 59 8 10.6 -15.9

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 SuperDividend Emerging Markets ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.4 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 67 bp
Equals: ALTAR Score 26.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 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.