Global X SuperDividend Emerging Markets ETF
ALTAR
Score™
15.9% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
8.9x P/Sales
ratio
0.8x
P/BV
ratio
0.8x Div.
yield
6.4%


  • 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) $22
Currency USD
Expense ratio 66 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 50
Wgt avg mkt cap (mns) $9,027
Large cap (>$10bn) 19.8%
Mid cap ($2-10bn) 68.0%
Small cap (<$2bn) 9.7%
Developed mkts 3.7%
Emerging mkts 96.4%

TOP TEN HOLDINGS
CIA BRASILEIRA DE MEIOS DE 2.6 %
BANCO DO BRASIL SA 2.5 %
BANCO SANTANDER BRASIL-UNIT 2.3 %
EXXARO RESOURCES LTD 2.3 %
BR MALLS PARTICIPACOES SA 2.3 %
GRUPO FINANCIERO BANORTE-O 2.2 %
COLBUN SA 2.2 %
BB SEGURIDADE PARTICIPACOES 2.2 %
KUMBA IRON ORE LTD 2.2 %
ABSA GROUP LTD 2.2 %
Total 23.0 %

TOP COUNTRY EXPOSURE
CHINA 16.7 %
RUSSIA 16.1 %
BRAZIL 13.8 %
TAIWAN 11.5 %
SOUTH AFRICA 10.8 %
HONG KONG 5.5 %
MEXICO 4.1 %
UAE 3.9 %
CHILE 2.2 %
INDIA 2.1 %

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.
-25.2% -19.9% -4.1% -- -2.9%

Market Correlations
versus... Beta R-squared
S&P500 0.89 49%
MSCI EAFE 1.12 69%
MSCI Emg. Mkts. 0.97 81%

Technical Indicators
Recent close $10.57
30d moving avg. $10.51
Annualized volatility 21.4%
Short interest (ETF) 0.2%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 30
Turnover 1.5%
Bid/Ask (% of price) 0.37%
ADV underlying (mns) $1,905

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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: 66 bp ALTAR Score™: 15.9%


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 27.7 49 17 16.2 +0.3
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 17.4 51 15 13.5 -2.4
SDIV Global X SuperDividend ETF 17.2 59 7 13.3 -2.6
ERUS iShares MSCI Russia ETF 16.3 59 7 16.1 +0.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 13.6 60 6 10.6 -5.3
EEMD AAM S&P Emerging Markets High Dividend Value ETF 11.5 50 16 20.5 +4.6
FLRU Franklin FTSE Russia ETF 10.0 19 47 20.2 +4.3
DEM WisdomTree Emerging Markets High Dividend Fund 9.8 63 3 13.9 -1.9
EZA iShares MSCI South Africa ETF 9.0 59 7 7.4 -8.5
CHIR Global X MSCI China Real Estate ETF 8.9 65 1 16.2 +0.4
EYLD Cambria Emerging Shareholder Yield ETF 8.9 66 0 16.1 +0.2
PXH Invesco FTSE RAFI Emerging Markets ETF 7.6 50 16 13.0 -2.9
FCA First Trust China AlphaDEX Fund 7.4 80 -14 13.8 -2.1
FLZA Franklin FTSE South Africa ETF 7.4 19 47 10.9 -4.9
FEM First Trust Emerging Markets AlphaDEX Fund 7.3 80 -14 10.9 -4.9
RSX VanEck Vectors Russia ETF 7.3 67 -1 13.2 -2.7
RNEM Emerging Markets Equity Select ETF 6.7 75 -9 10.4 -5.4
FLLA Franklin FTSE Latin America ETF 6.6 19 47 6.6 -9.3
IQDE FlexShares International Quality Dividend Defensive Index Fd 6.5 47 19 12.1 -3.7
EWZ iShares MSCI Brazil Capped ETF 6.5 59 7 4.6 -11.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 5.9 49 17 8.6 -7.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 5.8 49 17 7.9 -7.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 5.8 95 -29 9.1 -6.7
PACA Xtrackers MSCI Latin America Pacific Alliance ETF 5.5 45 21 8.3 -7.6
ILF iShares Latin America 40 ETF 5.4 48 18 6.7 -9.2
EDIV SPDR S&P Emerging Markets Dividend ETF 5.3 49 17 11.0 -4.9
ISEM Invesco Strategic Emerging Markets ETF 5.3 35 31 10.2 -5.7
EMXC iShares MSCI Emerging Markets ex China ETF 5.2 25 41 8.3 -7.6
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 5.1 45 21 9.0 -6.8
FBZ First Trust Brazil AlphaDEX Fund 5.1 80 -14 5.3 -10.6
FLBR Franklin FTSE Brazil ETF 5.0 19 47 5.1 -10.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 4.9 70 -4 13.2 -2.7
FLN First Trust Latin America AlphaDEX Fund 4.9 80 -14 7.8 -8.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 4.8 32 34 8.9 -6.9
FTRI First Trust Indxx Global Natural Resources Income ETF 4.8 70 -4 9.4 -6.5
GVAL Cambria Global Value ETF 4.7 69 -3 10.8 -5.1
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 4.7 45 21 13.4 -2.5
EEMO Invesco S&P Emerging Markets Momentum ETF 4.6 29 37 6.5 -9.4
IQDF FlexShares International Quality Dividend Index Fund 4.5 47 19 12.2 -3.7
EMMF WisdomTree Emerging Markets Multifactor Fund 4.4 48 18 9.4 -6.5
ROAM Hartford Multifactor Emerging Markets ETF 4.4 44 22 14.6 -1.3
ESGE iShares ESG MSCI EM ETF 4.3 25 41 8.6 -7.3
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 4.3 50 16 10.3 -5.6
FLMX Franklin FTSE Mexico ETF 4.2 19 47 10.2 -5.7
EWW iShares MSCI Mexico Capped ETF 4.2 49 17 9.2 -6.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 4.1 20 46 10.9 -5.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.1 60 6 8.4 -7.5
KOL VanEck Vectors Coal ETF 4.0 60 6 19.9 +4.0
BKF iShares MSCI BRIC ETF 4.0 69 -3 7.3 -8.6
UAE iShares MSCI UAE Capped ETF 3.9 59 7 10.2 -5.7
DRW WisdomTree Global ex-US Real Estate Fund 3.9 58 8 10.7 -5.1
NUEM Nuveen ESG Emerging Markets Equity ETF 3.8 45 21 7.2 -8.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 3.7 20 46 6.8 -9.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 3.6 39 27 12.7 -3.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 3.4 45 21 7.9 -8.0
BKEM BNY Mellon Emerging Markets Equity ETF 3.4 11 55 8.4 -7.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.3 59 7 11.0 -4.9
EWT iShares MSCI Taiwan ETF 3.3 59 7 5.8 -10.1
EEM iShares MSCI Emerging Markets ETF 3.3 68 -2 7.4 -8.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.2 44 22 8.9 -7.0
PBEE Invesco PureBeta FTSE Emerging Markets ETF 3.2 15 51 8.6 -7.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 3.1 29 37 9.8 -6.1
DVEM WisdomTree Emerging Markets Dividend Fund 3.1 32 34 8.1 -7.8
FILL iShares MSCI Global Energy Producers ETF 3.0 39 27 6.4 -9.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 3.0 65 1 7.4 -8.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 3.0 36 30 8.2 -7.7
PIE Invesco DWA Emerging Markets Momentum ETF 2.9 90 -24 5.2 -10.7
IEMG iShares Core MSCI Emerging Markets ETF 2.9 13 53 7.9 -8.0
VIDI Vident International Equity Fund 2.9 59 7 11.3 -4.6
VWO Vanguard FTSE Emerging Markets ETF 2.9 10 56 8.0 -7.9
FDEM Fidelity Targeted Emerging Markets Factor ETF 2.9 45 21 9.6 -6.3
CHIM Global X China Materials ETF 2.9 66 0 8.6 -7.3
EMFM Global X MSCI Next Emerging & Frontier ETF 2.8 66 0 9.0 -6.8
FLTW Franklin FTSE Taiwan ETF 2.7 19 47 6.2 -9.7
OBOR KraneShares MSCI One Belt One Road Index ETF 2.7 79 -13 8.9 -7.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.7 47 19 12.5 -3.4
DWCR Arrow DWA Country Rotation ETF 2.6 95 -29 16.8 +0.9
DWX SPDR S&P International Dividend ETF 2.6 45 21 8.0 -7.9
PICK iShares MSCI Global Metals & Mining Producers ETF 2.6 39 27 7.1 -8.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.5 63 3 12.4 -3.4
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 2.5 25 41 7.7 -8.2
SCHE Schwab Emerging Markets Equity ETF 2.4 11 55 7.8 -8.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.3 30 36 8.7 -7.2
ECH iShares MSCI Chile ETF 2.1 59 7 7.4 -8.5
YLCO Global X YieldCo Index ETF 2.1 65 1 4.6 -11.3
AFK VanEck Vectors Africa Index ETF 2.1 79 -13 8.6 -7.3
RWX SPDR Dow Jones International Real Estate ETF 2.1 59 7 6.7 -9.2
SRET Global X SuperDividend REIT ETF 2.1 59 7 14.3 -1.5
ESPO VanEck Vectors Video Gaming & eSports ETF 2.0 55 11 2.7 -13.2
GAMR ETFMG Video Game Tech ETF 2.0 75 -9 2.2 -13.7
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 2.0 25 41 1.9 -14.0
ECON Columbia Emerging Markets Consumer ETF 2.0 59 7 4.5 -11.4
CHIK Global X MSCI China Information Technology ETF 2.0 66 0 7.3 -8.6
ICOL iShares MSCI Colombia ETF 2.0 61 5 9.4 -6.5
NXTG First Trust Indxx NextG ETF 2.0 70 -4 6.1 -9.8
ASEA Global X Southeast Asia ETF 1.9 65 1 10.2 -5.6
EWM iShares MSCI Malaysia ETF 1.9 49 17 5.5 -10.3
VNQI Vanguard Global ex-US Real Estate Index Fund 1.9 12 54 10.0 -5.9

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 13.3 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 15.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 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.