SOCL
Global X Social Media ETF
Global X Social Media ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Solactive Social Media Index.
Global
EQUITY
Passive
MANAGEMENT STYLE
65 bp
EXPENSES
$129.4 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Global X Management Co LLC |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 14, 2011 |
| Assets (mns) | $129 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TENCENT HOLDINGS LTD | 11.2 % |
| PINTEREST, INC. CLASS A | 9.8 % |
| META PLATFORMS INC | 8.8 % |
| NHN CORP | 7.2 % |
| SNAP, INC. CLASS A | 6.1 % |
| KUAISHOU TECHNOLOGY CLASS B | 5.9 % |
| ALPHABET INC. CLASS A | 5.0 % |
| MATCH GROUP, INC. | 4.6 % |
| TENCENT MUSIC ENTERTAINMENT GROUP ADR CL | 4.5 % |
| NETEASE.COM INC-ADR | 4.4 % |
Constituent Breakdown
| Number of holdings | 47 |
| Herfindahl-Hirschman Index | 605 |
| Wgt avg mkt cap (mns) | $327,678 |
| Large cap (>$10bn) | 80.1% |
| Mid cap ($2-10bn) | 11.3% |
| Small cap (<$2bn) | 7.1% |
| Developed mkts. | 57.3% |
| Emerging mkts. | 42.7% |
Country Exposure
 |
UNITED STATES | 42.0 % |
 |
CHINA | 34.0 % |
 |
SOUTH KOREA | 11.5 % |
 |
JAPAN | 5.9 % |
 |
LUXEMBOURG | 4.3 % |
 |
GERMANY | 0.9 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 2.7% | 13.5% | 12.2% | -16.7% | 5.4% | 7.9% | 9.7% | Volatility | 24.1% | 23.5% | 29.5% | 32.2% | 31.4% | 26.9% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 35% |
| MSCI EAFE | 1.20 | 54% |
| MSCI Emg Mkts | 1.51 | 87% |
Liquidity Measures
| Avg. volume (000) | 6 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.46% |
| ADV of underlying (mns) | $13,297 |
Technical Indicators
| Recent close | $40.70 |
| 30d moving avg. | $42.60 |
| Annualized volatility | 28.6% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SOCL |
Expenses vs. SOCL |
ALTAR Score™ vs. SOCL |
|---|---|---|---|---|
| FDCF | Fidelity Disruptive Communications ETF | 25.6% | -15 bp | +8.8% |
| FMET | Fidelity Metaverse ETF | 23.3% | -26 bp | +11.2% |
| FDNI | First Trust Dow Jones International Internet ETF | 21.0% | 0 bp | +9.0% |
| BNGE | First Trust S-Network Streaming and Gaming ETF | 20.8% | +5 bp | +3.9% |
| IXP | iShares Global Comm Services ETF | 19.7% | -23 bp | +11.5% |
| KWEB | KraneShares CSI China Internet ETF | 19.7% | +4 bp | +5.2% |
| FCOM | Fidelity MSCI Communication Services Index ETF | 18.0% | -57 bp | +11.3% |
| VOX | Vanguard Communication Services ETF | 18.0% | -55 bp | +11.2% |
| CGRO | CoreValues Alpha Greater China Growth ETF | 17.3% | +10 bp | +6.1% |
| MRAD | SmartETFs Advertising & Marketing Technology ETF | 17.2% | +3 bp | +11.7% |
Risk and Returns: SOCL 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 7/25/2024
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
SOCL
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™
SOCL
-6.1%
Cat. Avg
4.0%
Fund Category: Global
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | -6.1% |
Recommendation
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.
Category Overview
There are 352 funds in the Global category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.8%. SOCL's ALTAR Score™ is approximately
2.1 standard deviations
below
the category average. This places SOCL in the 2nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
SOCL
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Passive Global Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 50.8 bp |
| Std. Deviation | 22.4 bp |
| SOCL (65 bp) Percentile rank | 74 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SOCL | 65.0 | 45.6 | 110.6 |
| Peer Avg. | 55.0 | 27.9 | 82.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .