KROP
Global X AgTech & Food Innovation ETF
KROP passively invests in global companies related to advancing innovation and technologies in the agricultural and food industry space.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
4.6 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Fund sponsor | Global X |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 14, 2021 |
| Assets (mns) | $5 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| DEERE & CO | 13.4 % |
| CORTEVA INC | 13.1 % |
| KUBOTA CORP | 11.2 % |
| NUTRIEN LTD. | 10.7 % |
| CNH INDUSTRIAL NV | 4.8 % |
| UNILEVER PLC | 4.7 % |
| YUAN LONGPING HIGH-TECH AG-A | 4.6 % |
| AGCO CORP | 4.3 % |
| FMC CORP | 4.2 % |
| HEBEI YANGYUAN ZHIHUI BEVERAGE CO., LTD. | 3.8 % |
Constituent Breakdown
| Number of holdings | 30 |
| Herfindahl-Hirschman Index | 755 |
| Wgt avg mkt cap (mns) | $39,452 |
| Large cap (>$10bn) | 68.1% |
| Mid cap ($2-10bn) | 18.3% |
| Small cap (<$2bn) | 13.6% |
| Developed mkts. | 88.4% |
| Emerging mkts. | 11.6% |
Country Exposure
 |
UNITED STATES | 49.1 % |
 |
CHINA | 11.2 % |
 |
JAPAN | 11.2 % |
 |
CANADA | 11.0 % |
 |
BRITAIN | 9.8 % |
 |
AUSTRALIA | 3.1 % |
 |
GERMANY | 2.1 % |
 |
SWEDEN | 1.2 % |
 |
ARGENTINA | 0.7 % |
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% | 0.2% | -19.3% | -22.1% | -- | -- | -22.9% | Volatility | 16.3% | 17.3% | 20.6% | 23.8% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.08 | 56% |
| MSCI EAFE | 1.10 | 60% |
| MSCI Emg Mkts | 0.88 | 37% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 1.14% |
| ADV of underlying (mns) | $1,941 |
Technical Indicators
| Recent close | $10.29 |
| 30d moving avg. | $10.45 |
| Annualized volatility | 25.1% |
| Relative strength (RSI) | 51 |
| 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. KROP |
Expenses vs. KROP |
ALTAR Score™ vs. KROP |
|---|---|---|---|---|
| MOO | VanEck Agribusiness ETF | 36.5% | +3 bp | +5.1% |
| VEGI | iShares MSCI Agriculture Producers ETF | 33.2% | -11 bp | +4.4% |
| FTAG | First Trust Indxx Global Agriculture ETF | 30.5% | +20 bp | +5.0% |
| IVEG | iShares Emergent Food and AgTech Multisector ETF | 25.8% | -3 bp | +3.4% |
| HAP | VanEck Natural Resources ETF | 16.0% | 0 bp | +5.3% |
| FTWO | Strive FAANG 2.0 ETF | 13.5% | -1 bp | 0.0% |
Risk and Returns: KROP 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
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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
KROP
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™
KROP
4.5%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. KROP's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places KROP in the 37th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
KROPSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| KROP (50 bp) Percentile rank | 55 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| KROP | 50.0 | 113.5 | 163.5 |
| Peer Avg. | 46.6 | 16.9 | 63.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .