Global X Internet of Things Thematic ETF
ALTAR
Score™
4.5% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
29.0x P/Sales
ratio
2.6x
P/BV
ratio
3.1x Div.
yield
1.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X Internet of Things Thematic ETF seeks to invest in companies that stand to potentially benefit from the broader adoption of the Internet of Things (IoT). This includes the development and manufacturing of semiconductors and sensors, integrated products and solutions, and applications serving smart grids, smart homes, connected cars, and the industrial internet.

FUND BASICS
Category Global Equities
Fund Sponsor Global X
Website www.globalxfunds.com
Inception date Sep 12, 2016
Assets (mns) $198
Currency USD
Expense ratio 68 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Value
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 48
Wgt avg mkt cap (mns) $32,561
Large cap (>$10bn) 63.9%
Mid cap ($2-10bn) 20.0%
Small cap (<$2bn) 16.0%
Developed mkts 93.4%
Emerging mkts 6.6%

TOP TEN HOLDINGS
DEXCOM INC 6.3 %
STMICROELECTRONICS NV 6.2 %
ADVANTECH CO LTD 6.0 %
SKYWORKS SOLUTIONS INC 6.0 %
GARMIN LTD 5.8 %
ADT, INC. 4.6 %
SENSATA TECHNOLOGIES HOLDING 4.5 %
AMS AG 3.8 %
SILICON LABORATORIES INC 3.5 %
ALARM.COM HOLDINGS INC 2.7 %
Total 49.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 49.1 %
SWITZERLAND 15.6 %
TAIWAN 9.2 %
BRITAIN 4.8 %
AUSTRIA 3.8 %
FRANCE 3.4 %
CHINA 2.6 %
NETHERLANDS 1.9 %
IRELAND 1.9 %
NORWAY 1.3 %

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.
2.8% 23.4% -- -- 14.2%

Market Correlations
versus... Beta R-squared
S&P500 1.25 83%
MSCI EAFE 1.24 72%
MSCI Emg. Mkts. 0.95 65%

Technical Indicators
Recent close $24.71
30d moving avg. $24.19
Annualized volatility 23.2%
Short interest (ETF) 0.2%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 85
Turnover 1.1%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $15,653

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Global X Internet of Things Thematic ETF ETF based on the alternatives' overlap in portfolio holdings with SNSR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SNSR Expense: 68 bp ALTAR Score™: 4.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SNSR
Ticker Fund
Name
Overlap1
vs SNSR
(%)
Expense
ratio
(bp)
Savings
vs SNSR
(bp)
ALTAR
Score™
(%)
ALTAR
vs SNSR
(%)
SIMS SPDR S&P Kensho Intelligent Structures ETF 16.3 45 23 6.0 +1.5
NXTG First Trust Indxx NextG ETF 14.5 70 -2 6.1 +1.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 13.9 70 -2 4.2 -0.3
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 13.4 50 18 3.9 -0.6
XSD SPDR S&P Semiconductor ETF 13.1 35 33 4.0 -0.5
IDRV iShares Self-driving EV & Tech ETF 13.0 47 21 6.9 +2.5
PZD Invesco Cleantech ETF 11.6 68 0 4.7 +0.2
DTEC ALPS Disruptive Technologies ETF 11.5 50 18 3.6 -0.9
DRIV Global X Autonomous & Electric Vehicles ETF 10.9 68 0 5.4 +0.9
FTXL First Trust Nasdaq Semiconductor ETF 10.7 60 8 4.9 +0.4
FIVG Defiance Next Gen Connectivity ETF 10.4 30 38 4.9 +0.4
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 10.3 57 11 4.9 +0.4
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 10.2 70 -2 7.4 +3.0
XNTK SPDR NYSE Technology ETF 9.8 35 33 3.6 -0.9
TDV ProShares S&P Technology Dividend Aristocrats ETF 9.3 45 23 4.8 +0.3
SOXX iShares PHLX Semiconductor ETF 9.2 46 22 5.3 +0.8
MOTO SmartETFs Smart Transportation & Technology ETF 9.2 68 0 7.4 +2.9
PWV Invesco Dynamic Large Cap Value ETF 8.8 55 13 8.9 +4.4
PXQ Invesco Dynamic Networking ETF 8.6 63 5 4.1 -0.4
SMH VanEck Vectors Semiconductor ETF 8.5 35 33 5.4 +0.9
JHMT John Hancock Multifactor Technology ETF 8.4 40 28 5.0 +0.5
PSCT Invesco S&P SmallCap Information Technology ETF 8.4 29 39 5.7 +1.3
RNDV US Equity Dividend Select ETF 8.4 50 18 7.7 +3.2
TDIV First Trust NASDAQ Technology Dividend Index Fund 8.3 50 18 5.8 +1.3
QTUM Defiance Quantum ETF 8.1 40 28 5.7 +1.3
GDAT Goldman Sachs Motif Data-Driven World Etf 7.8 50 18 4.9 +0.4
ROBO Robo Global Robotics & Automation Index ETF 7.6 95 -27 3.5 -1.0
IQM Franklin Intelligent Machines ETF 7.6 50 18 2.0 -2.5
QDYN FlexShares Quality Dividend Dynamic Index Fund 7.5 37 31 6.2 +1.8
LOUP Innovator Loup Frontier Tech ETF 7.3 70 -2 3.9 -0.6
QDIV Global X S&P 500 Quality Dividend ETF 7.3 20 48 7.7 +3.3
AIQ Global X Future Analytics Tech ETF 7.3 68 0 3.9 -0.6
IRBO iShares Robotics & Artificial Intelligence ETF 7.3 47 21 2.7 -1.8
EXI iShares Global Industrials ETF 7.2 46 22 6.2 +1.7
RYT Invesco S&P 500 Equal Weight Technology ETF 7.0 40 28 6.8 +2.3
FLV American Century Focused Large Cap Value ETF 6.9 42 26 6.7 +2.2
EKAR Innovation Shares NextGen Vehicles & Technology ETF 6.9 95 -27 8.0 +3.5
IYZ iShares U.S. Telecommunications ETF 6.8 42 26 7.5 +3.1
QDF FlexShares Quality Dividend Index Fund 6.6 37 31 6.1 +1.7
BIBL Inspire ETF 6.6 35 33 4.9 +0.4
USDY Pacific Global US Equity Income ETF 6.6 29 39 7.3 +2.8
UFO Procure Space ETF 6.6 171 -103 0.8 -3.7
IYW iShares U.S. Technology ETF 6.5 42 26 4.0 -0.5
KOMP SPDR Kensho New Economies Composite ETF 6.5 20 48 2.6 -1.9
DSTL Distillate US Fundamental Stability & Value ETF 6.4 39 29 6.6 +2.1
XT iShares Exponential Technologies ETF 6.3 47 21 5.1 +0.6
XLI Industrial Select Sector SPDR Fund 6.1 13 55 5.9 +1.5
FTCS First Trust Capital Strength ETF 6.1 58 10 4.9 +0.4
JHMI John Hancock Multifactor Industrials ETF 6.1 40 28 6.1 +1.6
FTEC Fidelity MSCI Information Technology Index ETF 6.0 8 60 4.6 +0.1
SPHQ Invesco S&P 500 Quality ETF 6.0 15 53 4.6 +0.1
XKST SPDR Kensho Smart Mobility ETF 6.0 45 23 5.3 +0.8
VGT Vanguard Information Technology Index Fund 6.0 10 58 4.6 +0.1
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 6.0 59 9 4.2 -0.3
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 6.0 35 33 4.4 -0.1
RDVY First Trust Rising Dividend Achievers ETF 5.9 50 18 8.0 +3.5
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 5.9 60 8 5.5 +1.0
COWZ Pacer US Cash Cows 100 ETF 5.9 49 19 11.0 +6.5
DHS WisdomTree U.S. High Dividend Fund 5.9 38 30 8.7 +4.3
VSL Volshares Large Capital ETF 5.9 65 3 6.9 +2.4
MGV Vanguard Mega Cap Value ETF 5.8 7 61 7.3 +2.8
XLK Technology Select Sector SPDR Fund 5.8 13 55 4.7 +0.3
SCHD Schwab U.S. Dividend Equity ETF 5.8 6 62 8.3 +3.8
SCHV Schwab U.S. Large-Cap Value ETF 5.8 4 64 7.2 +2.7
IXN iShares Global Tech ETF 5.7 46 22 4.5 +0.0
FLQL Franklin LibertyQ U.S. Equity ETF 5.7 15 53 6.3 +1.8
DIVB iShares U.S. Dividend & Buyback ETF 5.6 25 43 6.6 +2.1
RNLC Large Cap US Equity Select ETF 5.6 60 8 6.3 +1.8
FIDU Fidelity MSCI Industrials Index ETF 5.5 8 60 6.1 +1.6
VIS Vanguard Industrials Index Fund 5.5 10 58 6.0 +1.5
JVAL JPMorgan U.S. Value Factor ETF 5.5 12 56 8.8 +4.4
QMOM Alpha Architect U.S. Quantitative Momentum ETF 5.5 49 19 2.2 -2.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 5.4 65 3 3.9 -0.6
RGI Invesco S&P 500 Equal Weight Industrials ETF 5.4 40 28 5.7 +1.3
RAFE PIMCO RAFI ESG U.S. ETF 5.4 29 39 7.8 +3.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 5.4 15 53 6.2 +1.7
FLLV Franklin Liberty U.S. Low Volatility ETF 5.3 29 39 5.9 +1.4
FDRR Fidelity Dividend ETF for Rising Rates 5.2 29 39 7.0 +2.5
FMK First Trust Mega Cap AlphaDEX Fund 5.2 70 -2 5.2 +0.7
VYM Vanguard High Dividend Yield Index ETF 5.2 6 62 7.4 +2.9
VTV Vanguard Value Index Fund 5.1 4 64 7.5 +3.0
BFIT Global X Health & Wellness Thematic ETF 5.1 50 18 5.0 +0.5
IGM iShares Expanded Tech Sector ETF 5.0 46 22 3.8 -0.7
DEW WisdomTree Global High Dividend Fund 5.0 58 10 9.4 +5.0
QDEF FlexShares Quality Dividend Defensive Index Fund 5.0 37 31 5.9 +1.4
EQWL Invesco Russell Top 200 Equal Weight ETF 5.0 25 43 6.1 +1.7
IWX iShares Russell Top 200 Value ETF 4.9 20 48 7.2 +2.7
OUSA O'Shares FTSE US Quality Dividend ETF 4.9 48 20 5.7 +1.2
IYJ iShares U.S. Industrials ETF 4.8 42 26 6.0 +1.5
PSI Invesco Dynamic Semiconductors ETF 4.8 58 10 4.8 +0.3
JQUA JPMorgan U.S. Quality Factor ETF 4.7 12 56 5.3 +0.8
FLFR Franklin FTSE France ETF 4.7 9 59 6.9 +2.4
DLN WisdomTree U.S. LargeCap Dividend Fund 4.7 28 40 6.4 +1.9
TECB iShares US Tech Breakthrough Multisector ETF 4.6 40 28 4.0 -0.5
EWQ iShares MSCI France ETF 4.6 50 18 6.5 +2.0
NULV Nuveen ESG Large-Cap Value ETF 4.6 35 33 7.4 +2.9
PY Principal Shareholder Yield Index ETF 4.5 29 39 9.7 +5.2
TPHD Timothy Plan High Dividend Stock ETF 4.4 52 16 7.8 +3.3
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 4.4 75 -7 6.2 +1.7

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 Internet of Things Thematic 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 15.1 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.50
 
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.