FINX
Global X FinTech ETF
The Global X FinTech Thematic ETF tracks a market-cap-weighted index of companies in developed markets that derive significant revenues from providing financial technology products and services.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
339.9 M
ASSETS UNDER MGMT
68 bp
EXPENSES
Fund Basics
| Fund sponsor | Global X |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 12, 2016 |
| Assets (mns) | $340 |
| Expense ratio | 68 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PAYPAL HOLDINGS INC | 7.2 % |
| FISERV, INC. | 7.2 % |
| FIDELITY NATIONAL INFORMATION SERVICES, | 6.4 % |
| COINBASE GLOBAL, INC. CLASS A | 5.7 % |
| BLOCK INC. | 5.4 % |
| INTUIT INC | 5.3 % |
| SS&C TECHNOLOGIES HOLDINGS | 4.3 % |
| ADYEN NV | 4.2 % |
| TOAST, INC. CLASS A | 4.1 % |
| XERO LIMITED | 4.0 % |
Constituent Breakdown
| Number of holdings | 62 |
| Herfindahl-Hirschman Index | 392 |
| Wgt avg mkt cap (mns) | $42,454 |
| Large cap (>$10bn) | 67.3% |
| Mid cap ($2-10bn) | 25.2% |
| Small cap (<$2bn) | 7.6% |
| Developed mkts. | 98.4% |
| Emerging mkts. | 1.6% |
Country Exposure
 |
UNITED STATES | 80.3 % |
 |
NETHERLANDS | 4.2 % |
 |
NEW ZEALAND | 4.0 % |
 |
BRITAIN | 2.8 % |
 |
ITALY | 1.8 % |
 |
AUSTRALIA | 1.7 % |
 |
SWITZERLAND | 1.2 % |
 |
BRAZIL | 1.0 % |
 |
CANADA | 0.7 % |
 |
CHINA | 0.5 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.9% | 47.5% | 13.8% | -17.2% | 0.4% | -- | 8.8% | Volatility | 22.3% | 22.6% | 26.2% | 32.9% | 32.9% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.56 | 68% |
| MSCI EAFE | 1.37 | 55% |
| MSCI Emg Mkts | 1.15 | 38% |
Liquidity Measures
| Avg. volume (000) | 92 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.39% |
| ADV of underlying (mns) | $9,541 |
Technical Indicators
| Recent close | $33.26 |
| 30d moving avg. | $28.59 |
| Annualized volatility | 32.7% |
| Relative strength (RSI) | 57 |
| Short interest (ETF) | 1.2% |
| 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. FINX |
Expenses vs. FINX |
ALTAR Score™ vs. FINX |
|---|---|---|---|---|
| IPAY | ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund | 51.0% | +7 bp | +2.0% |
| ARKF | ARK Fintech Innovation ETF | 25.5% | +7 bp | -3.0% |
| BPAY | BlackRock Future Financial and Technology ETF | 24.6% | +2 bp | +5.5% |
| GFOF | Grayscale Future of Finance ETF | 20.1% | +2 bp | -3.3% |
| BFIIX | Baron FinTech | 18.1% | +7 bp | +0.8% |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 15.1% | -29 bp | -4.3% |
| STCE | Schwab Crypto Thematic ETF | 14.7% | -38 bp | -4.3% |
| FDFF | Fidelity Disruptive Finance ETF | 14.7% | -18 bp | +1.5% |
| BLOK | Amplify Transformational Data Sharing ETF | 14.5% | +7 bp | -2.6% |
| DAPP | VanEck Digital Transformation ETF | 14.4% | -18 bp | -5.6% |
Risk and Returns: FINX 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 11/21/2024
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
FINX
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™
FINX
2.6%
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%. FINX's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places FINX in the 37th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FINXSELL
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 |
| FINX (68 bp) Percentile rank | 76 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FINX | 68.0 | 39.3 | 107.3 |
| Peer Avg. | 57.2 | 40.4 | 97.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .