QRMI
Global X NASDAQ 100 Risk Managed Income ETF
Fund Basics
| Fund sponsor | Global X |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 25, 2021 |
| Assets (mns) | $4 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLE INC | 11.4 % |
| MICROSOFT CORP | 10.7 % |
| AMAZON.COM INC | 7.8 % |
| TESLA MOTORS INC | 5.2 % |
| ALPHABET INC. CLASS C | 4.2 % |
| NVIDIA CORP | 4.0 % |
| ALPHABET INC. CLASS A | 3.7 % |
| 3.6 % | |
| ADOBE SYSTEMS INC | 2.1 % |
| NETFLIX INC | 2.1 % |
Constituent Breakdown
| Number of holdings | 102 |
| Herfindahl-Hirschman Index | 448 |
| Wgt avg mkt cap (mns) | $907,840 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.5% |
| Emerging mkts. | 1.5% |
Country Exposure
 |
UNITED STATES | 98.8 % |
 |
CHINA | 1.3 % |
 |
NETHERLANDS | 0.8 % |
 |
ARGENTINA | 0.5 % |
Historical Performance
Standardized Annual Returns (as of 09/30/2021)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -2.6% | -- | -- | -- | -- | -- | -2.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 5 |
| Turnover | 2.8% |
| Avg. Bid/Ask (% of price) | 0.30% |
| ADV of underlying (mns) | $155,714 |
Technical Indicators
| Recent close | $24.11 |
| 30d moving avg. | $24.12 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 40 |
| Short interest (ETF) | 15.2% |
| 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. QRMI |
Expenses vs. QRMI |
ALTAR Score™ vs. QRMI |
|---|---|---|---|---|
| QYLD | Global X NASDAQ 100 Covered Call ETF | 101.8% | 0 bp | -0.1% |
| QYLG | Global X Nasdaq 100 Covered Call & Growth ETF | 100.9% | 0 bp | -0.2% |
| NUSI | Nationwide Risk-Managed Income ETF | 100.3% | +8 bp | -0.1% |
| VOTE | Engine No. 1 Transform 500 ETF | 100.1% | -55 bp | +0.9% |
| QQQ | Invesco QQQ Trust | 99.2% | -40 bp | +0.2% |
| QQQM | Invesco NASDAQ 100 ETF | 99.2% | -45 bp | +0.2% |
| QTR | Global X NASDAQ 100 Tail Risk ETF | 99.1% | 0 bp | -0.1% |
| QCLR | Global X NASDAQ 100 Collar 95-110 ETF | 98.4% | 0 bp | -0.1% |
| ONEQ | Fidelity Nasdaq Composite Index Tracking Stock | 73.3% | -39 bp | -0.6% |
| IWY | iShares Russell Top 200 Growth ETF | 67.7% | -40 bp | +0.3% |
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Results & Estimates
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021E | 2022E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2020 | 2021E | Fwd Est | 2022E | |
| 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 10/26/2021
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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
QRMI
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
QRMI
3.7%
Cat. Avg
4.7%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 3.7% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 805 funds in the US Equities category, with an average ALTAR Score™
of 4.7% and a standard deviation of
4.7%. QRMI's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places QRMI in the 41st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
QRMI
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| QRMI | 60.0 | 29.5 | 89.5 |
| Peer Avg. | 28.7 | 7.5 | 36.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .