DMAT
Global X Disruptive Materials ETF
DMAT invests in companies producing metals and other raw materials that are essential to the expansion of disruptive technologies, such as lithium batteries, solar panels, wind turbines, fuel cells, robotics, and 3D printers.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
3.6 M
ASSETS UNDER MGMT
59 bp
EXPENSES
Fund Basics
| Fund sponsor | Global X |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 25, 2022 |
| Assets (mns) | $4 |
| Expense ratio | 59 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-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 +
| IMPALA PLATINUM HOLDINGS LTD | 4.8 % |
| GRUPO MEXICO S.A.B. DE C.V. CLASS B | 4.3 % |
| FREEPORT-MCMORAN COPPER | 4.2 % |
| SUMITOMO METAL MINING CO LTD | 4.2 % |
| CHINA NORTHERN RARE EARTH (GROUP) HIGH-T | 4.0 % |
| SOUTHERN COPPER CORP | 4.0 % |
| ZHEJIANG HUAYOU COBALT CO. LTD. CLASS A | 3.9 % |
| ANTOFAGASTA PLC | 3.9 % |
| RIO TINTO PLC | 3.6 % |
| SIBANYE GOLD LTD | 3.6 % |
Constituent Breakdown
| Number of holdings | 49 |
| Herfindahl-Hirschman Index | 308 |
| Wgt avg mkt cap (mns) | $16,716 |
| Large cap (>$10bn) | 33.2% |
| Mid cap ($2-10bn) | 57.2% |
| Small cap (<$2bn) | 7.6% |
| Developed mkts. | 50.0% |
| Emerging mkts. | 50.0% |
Country Exposure
 |
CHINA | 30.7 % |
 |
UNITED STATES | 17.7 % |
 |
SOUTH AFRICA | 15.1 % |
 |
BRITAIN | 10.7 % |
 |
AUSTRALIA | 7.0 % |
 |
JAPAN | 5.7 % |
 |
MEXICO | 4.3 % |
 |
SWEDEN | 3.4 % |
 |
CANADA | 3.4 % |
 |
HONG KONG | 1.4 % |
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 16.8% | 11.5% | -4.9% | -6.4% | -- | -- | -- | -10.1% |
| Dividend Yield | 0.0% | 0.7% | 0.9% | 1.1% | -- | -- | -- | 1.2% |
| Total Returns | 16.8% | 12.2% | -4.1% | -5.3% | -- | -- | -- | -8.9% | Ann. Volatility | 33.6% | 34.5% | 31.8% | 31.7% | -- | -- | -- | 32.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.79 | 22% |
| MSCI EAFE | 0.98 | 35% |
| MSCI Emg Mkts | 1.19 | 54% |
Liquidity Measures
| Avg. volume (000) | 3 |
| ADV traded (mns) | $0 |
| Turnover | 1.4% |
| Avg. Bid/Ask (% of price) | 0.77% |
Technical Indicators
| Recent close | $16.50 |
| 30d moving avg. | $15.59 |
| Annualized volatility | 27.4% |
| Relative strength (RSI) | 60 |
| Short interest | 1.5% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| GMET | VanEck Green Metals ETF | 39.4% | +4 bp | 0.0% |
| CRIT | Optica Rare Earths & Critical Materials ETF Optica Rare Eart | 35.7% | +26 bp | 0.0% |
| COPX | Global X Copper Miners ETF | 24.0% | +6 bp | 0.0% |
| SETM | Sprott Energy Transition Materials ETF | 22.4% | +6 bp | 0.0% |
| ION | ProShares S&P Global Core Battery Metals ETF | 21.5% | -1 bp | 0.0% |
| ICOP | iShares Copper and Metals Mining ETF | 20.7% | -12 bp | 0.0% |
| BATT | Amplify Lithium & Battery Technology ETF | 20.3% | 0 bp | 0.0% |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 17.5% | -20 bp | 0.0% |
| COPA | Themes Copper Miners ETF | 16.7% | -24 bp | 0.0% |
| KARS | KraneShares Electric Vehicles & Future Mobility Index ETF | 15.2% | +13 bp | 0.0% |
Risk and Returns: 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 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 7/1/2025
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
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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
DMAT
0.0%
Cat. Avg
5.0%
ALTAR Score™ Calculation
Category Overview
There are 26 funds in the Global Equity category, with an average ALTAR Score™
of 5.0% and a standard deviation of
3.7%. DMAT's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places DMAT in the percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DMATSELL
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 |
| (59 bp) Percentile rank | 59 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DMAT | 59.0 | 0.0 | 59 |
| Peer Avg. | 56.3 | 41.0 | 97.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .