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
58.9 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) | $59 |
| 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 +
| CARVANA CO. CLASS A | 6.1 % |
| SHOPIFY, INC. CLASS A | 6.1 % |
| SEA LTD. (SINGAPORE) SPONSORED ADR CLASS | 5.2 % |
| EXPEDIA GROUP INC | 5.0 % |
| JD.COM INC-ADR | 4.8 % |
| GODADDY, INC. CLASS A | 4.5 % |
| TRIP.COM GROUP LTD. SPONSORED ADR | 4.5 % |
| BOOKING HOLDINGS INC. | 4.4 % |
| RB GLOBAL | 4.2 % |
| EBAY INC | 4.1 % |
Constituent Breakdown
| Number of holdings | 41 |
| Herfindahl-Hirschman Index | 391 |
| Wgt avg mkt cap (mns) | $125,270 |
| Large cap (>$10bn) | 69.1% |
| Mid cap ($2-10bn) | 25.4% |
| Small cap (<$2bn) | 5.1% |
| Developed mkts. | 68.3% |
| Emerging mkts. | 31.7% |
Country Exposure
 |
UNITED STATES | 43.3 % |
 |
CHINA | 23.2 % |
 |
CANADA | 10.3 % |
 |
SINGAPORE | 5.2 % |
 |
JAPAN | 3.9 % |
 |
ARGENTINA | 3.9 % |
 |
ISRAEL | 2.7 % |
 |
HONG KONG | 1.9 % |
 |
AUSTRALIA | 1.4 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 20.6% | 50.5% | 30.0% | -6.2% | 8.2% | -- | 9.0% | Volatility | 21.6% | 21.9% | 25.8% | 32.4% | 31.1% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.38 | 58% |
| MSCI EAFE | 1.39 | 62% |
| MSCI Emg Mkts | 1.56 | 75% |
Liquidity Measures
| Avg. volume (000) | 5 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.35% |
| ADV of underlying (mns) | $16,130 |
Technical Indicators
| Recent close | $27.91 |
| 30d moving avg. | $26.99 |
| Annualized volatility | 31.4% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 0.1% |
| 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 | 33.9% | +8 bp | +1.3% |
| IBUY | Amplify Online Retail ETF | 26.0% | +15 bp | -0.7% |
| ISHP | First Trust Nasdaq Retail ETF | 22.9% | +10 bp | +0.8% |
| PNQI | Invesco NASDAQ Internet ETF | 20.3% | +10 bp | +0.2% |
| PGJ | Invesco Golden Dragon China ETF | 20.0% | +20 bp | +2.9% |
| BUYZ | Franklin Disruptive Commerce ETF | 18.7% | 0 bp | -0.2% |
| XNTK | SPDR NYSE Technology ETF | 16.9% | -15 bp | +2.1% |
| MILN | Global X Millennial Consumer ETF | 16.8% | 0 bp | +0.5% |
| AWAY | ETFMG Travel Tech ETF | 15.8% | +26 bp | -7.3% |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 14.5% | -2 bp | -0.2% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 11/20/2024
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
EBIZ
2.1%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. EBIZ's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places EBIZ in the 33rd 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. | 57.2 | 40.4 | 97.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .