EBIZ
Global X E-Commerce ETF
The Global X E-commerce ETF seeks to invest in companies positioned to benefit from the increased adoption of E-commerce as a distribution model, including companies whose principal business is in operating E-commerce platforms, providing E-commerce software and services, and/or selling goods and services online.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
74.4 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Fund sponsor | Global X |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 27, 2018 |
| Assets (mns) | $74 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ALIBABA GROUP HOLDING LTD. SPONSORED ADR | 6.4 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 4.8 % |
| SEA LTD. (SINGAPORE) SPONSORED ADR CLASS | 4.7 % |
| JD.COM INC-ADR | 4.7 % |
| VIPSHOP HOLDINGS LTD SPONSORED ADR | 4.5 % |
| MERCADOLIBRE INC | 4.4 % |
| RB GLOBAL | 4.3 % |
| COSTAR GROUP INC | 4.3 % |
| EBAY INC | 4.1 % |
| RAKUTEN INC | 4.1 % |
Constituent Breakdown
| Number of holdings | 40 |
| Herfindahl-Hirschman Index | 378 |
| Wgt avg mkt cap (mns) | $134,138 |
| Large cap (>$10bn) | 74.9% |
| Mid cap ($2-10bn) | 17.4% |
| Small cap (<$2bn) | 7.3% |
| Developed mkts. | 70.6% |
| Emerging mkts. | 29.4% |
Country Exposure
 |
UNITED STATES | 40.0 % |
 |
CHINA | 27.9 % |
 |
CANADA | 8.0 % |
 |
SINGAPORE | 4.7 % |
 |
JAPAN | 4.6 % |
 |
ARGENTINA | 4.4 % |
 |
HONG KONG | 2.7 % |
 |
ISRAEL | 2.5 % |
 |
AUSTRALIA | 1.5 % |
 |
TURKEY | 0.7 % |
Historical Performance
Standardized Performance (as of 02/28/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.2% | 29.1% | 28.5% | 8.3% | 11.7% | -- | 11.0% | Volatility | 22.1% | 21.8% | 22.6% | 31.4% | 31.3% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.42 | 61% |
| MSCI EAFE | 1.42 | 63% |
| MSCI Emg Mkts | 1.52 | 72% |
Liquidity Measures
| Avg. volume (000) | 11 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.35% |
| ADV of underlying (mns) | $11,339 |
Technical Indicators
| Recent close | $28.63 |
| 30d moving avg. | $29.43 |
| Annualized volatility | 31.1% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EBIZ |
Expenses vs. EBIZ |
ALTAR Score™ vs. EBIZ |
|---|---|---|---|---|
| ONLN | ProShares Online Retail ETF | 39.2% | +8 bp | -1.7% |
| ISHP | First Trust Nasdaq Retail ETF | 28.9% | +10 bp | +1.2% |
| IBUY | Amplify Online Retail ETF | 27.4% | +15 bp | -0.7% |
| BUYZ | Franklin Disruptive Commerce ETF | 21.2% | 0 bp | -1.8% |
| PNQI | Invesco NASDAQ Internet ETF | 19.1% | +10 bp | -0.5% |
| PGJ | Invesco Golden Dragon China ETF | 18.3% | +20 bp | +9.6% |
| MILN | Global X Millennial Consumer ETF | 17.5% | 0 bp | -1.2% |
| XNTK | SPDR NYSE Technology ETF | 16.6% | -15 bp | +0.1% |
| CGRO | CoreValues Alpha Greater China Growth ETF | 15.0% | +25 bp | -0.4% |
| EMQQ | EMQQ The Emerging Markets Internet & Ecommerce ETF | 14.3% | +36 bp | +9.4% |
Risk and Returns: EBIZ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2024 | 2025E | Fwd Est | 2026E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/2/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
EBIZ
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
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™
EBIZ
4.3%
Cat. Avg
4.5%
ALTAR Score™ Calculation
Category Overview
There are 363 funds in the Global Equity category, with an average ALTAR Score™
of 4.5% and a standard deviation of
4.0%. EBIZ's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places EBIZ in the 48th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EBIZSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| EBIZ (50 bp) Percentile rank | 39 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EBIZ | 50.0 | 35.0 | 85 |
| Peer Avg. | 56.2 | 39.5 | 95.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .