QTR
Global X NASDAQ 100 Tail Risk ETF
QTR tracks an index of NASDAQ 100 stocks and aims to protect the fund from significant negative movements or tail risk by purchasing quarterly Index put options.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
2.9 M
ASSETS UNDER MGMT
26 bp
EXPENSES
Fund Basics
| Fund sponsor | Global X |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 25, 2021 |
| Assets (mns) | $3 |
| Expense ratio | 26 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Fixed |
| Weighting | Fixed |
| Holdings Transparency | Full |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLE INC | 8.7 % |
| MICROSOFT CORP | 7.7 % |
| NVIDIA CORP | 7.6 % |
| BROADCOM INC. | 6.2 % |
| AMAZON.COM INC | 5.5 % |
| META PLATFORMS INC | 5.0 % |
| TESLA MOTORS INC | 4.9 % |
| COSTCO WHOLESALE CORP | 2.6 % |
| ALPHABET INC. CLASS A | 2.6 % |
| ALPHABET INC. CLASS C | 2.5 % |
Constituent Breakdown
| Number of holdings | 101 |
| Herfindahl-Hirschman Index | 354 |
| Wgt avg mkt cap (mns) | $1,055,900 |
| Large cap (>$10bn) | 99.9% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 99.3% |
| Emerging mkts. | 0.7% |
Country Exposure
 |
UNITED STATES | 96.1 % |
 |
BRITAIN | 1.8 % |
 |
NETHERLANDS | 0.7 % |
 |
ARGENTINA | 0.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 20.2% | 26.7% | 26.1% | 7.3% | -- | -- | 7.4% | Volatility | 15.9% | 15.5% | 17.6% | 19.0% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.96 | 77% |
| MSCI EAFE | 0.72 | 42% |
| MSCI Emg Mkts | 0.62 | 32% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.43% |
| ADV of underlying (mns) | $141,096 |
Technical Indicators
| Recent close | $31.92 |
| 30d moving avg. | $31.73 |
| Annualized volatility | 19.2% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.0% |
| 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. QTR |
Expenses vs. QTR |
ALTAR Score™ vs. QTR |
|---|---|---|---|---|
| QRMI | Global X NASDAQ 100 Risk Managed Income ETF | 99.9% | +34 bp | -0.3% |
| QYLG | Global X Nasdaq 100 Covered Call & Growth ETF | 99.9% | +34 bp | -0.3% |
| QYLD | Global X NASDAQ 100 Covered Call ETF | 99.9% | +34 bp | -0.3% |
| QCLR | Global X NASDAQ 100 Collar 95-110 ETF | 99.9% | -1 bp | +0.0% |
| NUSI | Nationwide Nasdaq-100 Risk-Managed Income ETF | 99.3% | +42 bp | -0.4% |
| QYLE | Global X Nasdaq 100 ESG Covered Call ETF | 86.9% | +34 bp | -0.1% |
| JEPQ | J.P. Morgan Nasdaq Equity Premium Income ETF | 67.2% | +9 bp | 0.0% |
| FTQI | First Trust Nasdaq BuyWrite Income ETF | 57.1% | +49 bp | -1.0% |
| XYLD | Global X S&P 500 Covered Call ETF | 50.5% | +34 bp | +0.0% |
| PBP | Invesco S&P 500 BuyWrite ETF | 50.5% | +23 bp | +0.1% |
Risk and Returns: QTR 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 12/18/2024
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
QTR
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™
QTR
4.4%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. QTR's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places QTR in the 32nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
QTRSELL
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 |
| QTR (26 bp) Percentile rank | 27 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| QTR | 26.0 | 43.3 | 69.3 |
| Peer Avg. | 44.0 | 16.8 | 60.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .