Global X Superdividend
ALTAR
Score™
10.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
10.3x P/Sales
ratio
1.3x
P/BV
ratio
1.0x Div.
yield
8.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X SuperDividend ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Solactive Global SuperDividend Index.

FUND BASICS
Category Global Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date Jun 09, 2011
Assets (mns) $956
Currency USD
Expense ratio 58 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Brown Brothers Harriman & Co
Weighting Equal
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 101
Wgt avg mkt cap (mns) $5,498
Large cap (>$10bn) 9.9%
Mid cap ($2-10bn) 36.3%
Small cap (<$2bn) 52.7%
Developed mkts 81.3%
Emerging mkts 17.5%

TOP TEN HOLDINGS
COSTAMARE INC 1.6 %
GENWORTH MORTGAGE INSURANCE 1.6 %
SSE PLC 1.5 %
ARTISAN PARTNERS ASSET MA -A 1.4 %
PERSIMMON PLC 1.4 %
VECTOR GROUP LTD 1.4 %
HARVEY NORMAN HOLDINGS LTD 1.4 %
PATTERN ENERGY GROUP INC 1.3 %
SABRA HEALTH CARE REIT INC 1.3 %
CHIMERA INVESTMENT CORPORATION 1.3 %
Total 14.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 43.3 %
AUSTRALIA 14.8 %
BRITAIN 9.0 %
BRAZIL 3.1 %
RUSSIA 2.9 %
CHINA 2.7 %
NETHERLANDS 2.5 %
SOUTH AFRICA 2.1 %
MONACO 1.8 %
CANADA 1.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.1% -2.5% 1.7% -- 2.9%

Market Correlations
versus... Beta R-squared
S&P500 0.80 58%
MSCI EAFE 0.86 57%
MSCI Emg. Mkts. 0.62 50%

Technical Indicators
Recent close $17.26
30d moving avg. $17.56
Annualized volatility 12.7%
Short interest (ETF) 0.5%
Relative strength (RSI) 42

Liquidity measures
Avg. volume (thou.) 409
Turnover 0.7%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $1,991

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Global X Superdividend ETF based on the alternatives' overlap in portfolio holdings with SDIV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SDIV Expense: 58 bp ALTAR Score™: 10.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SDIV
Ticker Fund
Name
Overlap1
vs SDIV
(%)
Expense
ratio
(bp)
Savings
vs SDIV
(bp)
ALTAR
Score™
(%)
ALTAR
vs SDIV
(%)
SRET Global X SuperDividend REIT 23.9 59 -1 9.1 -1.6
MORT VanEck Vectors Mortgage REIT 22.7 42 16 9.5 -1.1
REM iShares Mortgage Real Estate Capped 22.1 48 10 9.4 -1.3
DIV Global X SuperDividend US ETF 15.5 45 13 7.4 -3.2
XSHD Invesco S&P SmallCap High Div Low Volatility 14.3 30 28 7.7 -3.0
ROOF IQ US Real Estate Small Cap 14.3 70 -12 7.9 -2.7
KBWD Invesco KBW High Dividend Financial 12.6 242 -184 8.0 -2.6
EFAS Global X MSCI SuperDividend EAFE 11.1 55 3 8.2 -2.5
FGD First Trust DJ Global Select Dividend 10.8 58 0 8.6 -2.1
FDVV Fidelity Core Dividend 10.3 29 29 6.9 -3.8
IDV iShares DJ Int'l Select Dividend 10.1 49 9 7.8 -2.9
XSLV Invesco S&P SmallCap Low Volatility 9.9 25 33 6.5 -4.1
PSCF Invesco S&P Small Cap Financials 9.9 29 29 8.5 -2.1
DVYE iShares Emerging Markets Dividend 9.2 49 9 11.9 +1.3
DVYA iShares Asia/Pacific Dividend 30 8.7 49 9 7.5 -3.2
SMMV iShares Edge MSCI Min Vol USA Small-Cap 7.8 20 38 5.1 -5.6
VFMV Vanguard U.S. Minimum Volatility 7.4 13 45 4.9 -5.7
FIDI Fidelity International High Dividend 7.3 39 19 9.7 -1.0
JKL iShares Morningstar Small Cap Value 7.1 30 28 8.7 -1.9
FDRR Fidelity Dividend for Rising Rates 6.8 29 29 7.3 -3.4

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 Superdividend
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 11.6 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 10.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.72 CATEGORY
AVERAGE
1.55
 
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.