Global X SuperDividend REIT ETF
ALTAR
Score™
31.0% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
3.4x P/Sales
ratio
1.6x
P/BV
ratio
0.4x Div.
yield
27.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X SuperDividend REIT 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 Solactive Global SuperDividend? REIT Index.

FUND BASICS
Category US Equities
Fund Sponsor Global X ETFs/USA
Website www.globalxfunds.com
Inception date Mar 16, 2015
Assets (mns) $201
Currency USD
Expense ratio 59 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 30
Wgt avg mkt cap (mns) $1,687
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 25.4%
Small cap (<$2bn) 70.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
KKR REAL ESTATE FINANCE TRUST INC. 6.0 %
OMEGA HEALTHCARE INVESTORS 5.5 %
GLOBAL NET LEASE INC 5.3 %
AGNC INVESTMENT CORP. 5.2 %
GAMING AND LEISURE PROPERTIE 4.9 %
APPLE HOSPITALITY REIT INC 4.5 %
RLJ LODGING TRUST 4.2 %
ANNALY CAPITAL MANAGEMENT IN 4.1 %
BROOKFIELD PROPERTY REIT INC CLASS 4.0 %
CAPITAL TRUST-CL A 4.0 %
Total 47.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 84.4 %
CANADA 4.0 %
NETHERLANDS 3.5 %








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.
-56.3% -52.2% -- -- -8.4%

Market Correlations
versus... Beta R-squared
S&P500 1.53 50%
MSCI EAFE 1.61 54%
MSCI Emg. Mkts. 1.27 49%

Technical Indicators
Recent close $5.11
30d moving avg. $10.24
Annualized volatility 32.9%
Short interest (ETF) 0.1%
Relative strength (RSI) 23

Liquidity measures
Avg. volume (thou.) 1,046
Turnover 2.7%
Bid/Ask (% of price) 0.33%
ADV underlying (mns) $793

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: SRET Expense: 59 bp ALTAR Score™: 31.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SRET
Ticker Fund
Name
Overlap1
vs SRET
(%)
Expense
ratio
(bp)
Savings
vs SRET
(bp)
ALTAR
Score™
(%)
ALTAR
vs SRET
(%)
MORT VanEck Vectors Mortgage REIT Income ETF 43.6 42 17 39.6 +8.7
REM iShares Mortgage Real Estate ETF 41.2 48 11 37.9 +7.0
KBWD Invesco KBW High Dividend Yield Financial ETF 18.4 158 -99 25.4 -5.6
KBWY Invesco KBW Premium Yield Equity REIT ETF 16.1 35 24 25.1 -5.9
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 15.1 30 29 17.6 -13.4
GRI ALPS REIT Dividend Dogs ETF 12.9 35 24 21.2 -9.7
SDIV Global X SuperDividend ETF 10.4 58 1 25.1 -5.9
NETL NETLease Corporate Real Estate ETF 9.1 60 -1 11.4 -19.5
DIV Global X SuperDividend US ETF 8.0 45 14 15.5 -15.4
ROOF IQ US Real Estate Small Cap ETF 7.9 70 -11 15.6 -15.4
XSLV Invesco S&P SmallCap Low Volatility ETF 6.6 25 34 12.0 -19.0
RORE Hartford Multifactor REIT ETF 6.0 45 14 20.2 -10.8
OLD The Long-Term Care ETF 5.1 35 24 8.8 -22.2
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 5.0 12 47 12.0 -19.0
NURE Nuveen Short-Term REIT ETF 4.4 35 24 11.1 -19.8
PSCF Invesco S&P SmallCap Financials ETF 4.2 29 30 15.8 -15.2
IYR iShares U.S. Real Estate ETF 4.0 42 17 8.5 -22.5
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 3.5 20 39 7.9 -23.1
BJK VanEck Vectors Gaming ETF 3.4 66 -7 10.6 -20.4
JDIV JPMorgan U.S. Dividend ETF 3.4 12 47 11.0 -20.0
RTL Pacer Benchmark Retail Real Estate SCTR ETF 3.3 60 -1 16.7 -14.3
IFEU iShares Europe Development Real Estate ETF 3.2 48 11 8.0 -22.9
VRAI Virtus Real Asset Income ETF 3.2 55 4 15.7 -15.3
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 3.0 60 -1 10.0 -21.0
AUSF Global X Adaptive U.S. Factor ETF 2.7 27 32 10.8 -20.2
XSVM Invesco S&P SmallCap Value with Momentum ETF 2.6 39 20 16.4 -14.6
USRT iShares Core U.S. REIT ETF 2.6 8 51 9.6 -21.3
REET iShares Global REIT ETF 2.5 14 45 9.4 -21.6
LSLT Salt Low truBeta US Market ETF 2.5 0 59 8.7 -22.3
FRI First Trust S&P REIT Index Fund 2.5 50 9 9.2 -21.8
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 2.4 11 48 9.6 -21.4
REZ iShares Residential Real Estate Capped ETF 2.4 48 11 8.0 -23.0
JKL iShares Morningstar Small Cap Value ETF 2.4 30 29 15.4 -15.6
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 2.2 20 39 10.5 -20.4
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 2.1 60 -1 6.5 -24.5
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 2.1 60 -1 9.1 -21.9
LVUS Hartford Multifactor Low Volatility US Equity ETF 2.1 19 40 7.8 -23.2
XMMO Invesco S&P MidCap Momentum ETF 2.1 39 20 5.4 -25.6
HOMZ Hoya Capital Housing ETF 2.1 45 14 11.6 -19.3
VBR Vanguard Small Cap Value Index Fund 2.1 7 52 12.3 -18.6
CVY Invesco Zacks Multi-Asset Income ETF 2.0 97 -38 18.8 -12.1
LGLV SPDR Russell 1000 Low Volatility ETF 1.9 12 47 7.1 -23.8
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 1.9 24 35 11.3 -19.7
JMIN JPMorgan U.S. Minimum Volatility ETF 1.9 12 47 7.3 -23.6
PSR Invesco Active U.S. Real Estate Fund 1.9 35 24 7.7 -23.2
XMLV Invesco S&P MidCap Low Volatility ETF 1.8 25 34 8.4 -22.6
FREL Fidelity MSCI Real Estate Index ETF 1.8 8 51 8.5 -22.4
FNK First Trust Mid Cap Value AlphaDEX Fund 1.8 70 -11 16.4 -14.5
SLYV SPDR S&P 600 Small Cap Value ETF 1.8 15 44 12.6 -18.4
IJS iShares S&P Small-cap 600 Value ETF 1.8 25 34 12.4 -18.5
PSC Principal U.S. Small Cap Index ETF 1.8 38 21 11.0 -20.0
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.7 15 44 12.6 -18.4
JKI iShares Morningstar Mid-Cap Value ETF 1.7 30 29 13.6 -17.4
DRW WisdomTree Global ex-US Real Estate Fund 1.7 58 1 12.1 -18.8
VFMV Vanguard U.S. Minimum Volatility ETF 1.7 13 46 6.1 -24.9
FDVV Fidelity Core Dividend ETF 1.7 29 30 9.9 -21.1
VNQ Vanguard REIT Index Fund 1.7 12 47 8.5 -22.5
PXSG Invesco S&P SmallCap Momentum ETF 1.5 39 20 7.7 -23.3
SFYX Sofi Next 500 ETF 1.5 0 59 8.3 -22.6
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 1.5 40 19 8.2 -22.8
IWN iShares Russell 2000 Value ETF 1.4 24 35 10.4 -20.6
RNMC Mid Cap US Equity Select ETF 1.4 60 -1 10.3 -20.7
VTWV Vanguard Russell 2000 Value Index Fund 1.4 15 44 10.5 -20.4
GQRE FlexShares Global Quality Real Estate Index Fund 1.4 45 14 9.4 -21.5
ONEY SPDR Russell 1000 Yield Focus ETF 1.3 20 39 12.4 -18.6
FLAG FLAG-Forensic Accounting Long Short ETF 1.3 152 -93 12.1 -18.9
RWX SPDR Dow Jones International Real Estate ETF 1.3 59 0 8.2 -22.8
DON WisdomTree U.S. MidCap Dividend Fund 1.3 38 21 11.2 -19.7
JVAL JPMorgan U.S. Value Factor ETF 1.3 12 47 12.2 -18.8
FNDA Schwab Fundamental U.S. Small Co. Index ETF 1.3 25 34 9.9 -21.1
SCHM Schwab U.S. Mid-Cap ETF 1.3 4 55 9.2 -21.7
NUMV Nuveen ESG Mid-Cap Value ETF 1.3 40 19 12.2 -18.8
AFMC First Trust Active Factor Mid Cap ETF 1.2 65 -6 10.0 -21.0
FSMD Fidelity Small-Mid Factor ETF 1.2 29 30 10.1 -20.8
FNX First Trust Mid Cap Core AlphaDEX Fund 1.2 61 -2 10.5 -20.4
VB Vanguard Small-Cap ETF 1.1 5 54 8.2 -22.7
VXF Vanguard Extended Market Index Fund 1.1 7 52 6.0 -25.0
WDIV SPDR Global Dividend ETF 1.1 40 19 12.8 -18.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.1 29 30 8.6 -22.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 1.1 24 35 8.5 -22.4
OSCV Opus Small Cap Value Plus ETF 1.1 79 -20 8.4 -22.6
RWO SPDR Dow Jones Global Real Estate ETF 1.1 50 9 8.9 -22.0
FID First Trust S&P International Dividend Aristocrats ETF 1.1 60 -1 11.9 -19.1
FXO First Trust Financials AlphaDEX Fund 1.1 63 -4 14.4 -16.6
PBSM Invesco PureBeta MSCI USA Small Cap ETF 1.0 6 53 8.1 -22.9
DES WisdomTree U.S. SmallCap Dividend Fund 1.0 38 21 12.7 -18.2
IJR iShares Core S&P Small Cap ETF 1.0 7 52 9.9 -21.1
IWS iShares Russell Mid-Cap Value ETF 1.0 24 35 10.1 -20.8
SPSM SPDR Portfolio Small Cap ETF 1.0 5 54 9.9 -21.1
SLY SPDR S&P 600 Small Cap ETF 1.0 15 44 9.8 -21.1
ROUS Hartford Multifactor US Equity ETF 1.0 19 40 9.4 -21.6
VIOO Vanguard S&P Small-Cap 600 ETF 1.0 10 49 9.8 -21.1
PMOM Principal Sustainable Momentum Index ETF 1.0 29 30 7.1 -23.9
FDLO Fidelity Low Volatility Factor ETF 1.0 29 30 6.6 -24.4
LVHD Legg Mason Low Volatility High Dividend ETF 1.0 27 32 8.8 -22.2
USMV iShares Edge MSCI Min Vol USA ETF 1.0 15 44 6.9 -24.0
CSML IQ Chaikin U.S. Small Cap ETF 1.0 35 24 7.9 -23.1
NUSC Nuveen ESG Small-Cap ETF 1.0 40 19 7.6 -23.3
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 1.0 35 24 7.7 -23.3
SLT Salt TruBeta High Exposure ETF 1.0 29 30 12.6 -18.3

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 REIT 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 11.1 %
Divided by: Fwd. P/BV 0.4 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 31.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.51
 
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.