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.
Fund Basics
| Fund sponsor | Global X Management Co LLC |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 14, 2011 |
| Assets (mns) | $153 |
| 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 +
| META PLATFORMS INC | 12.2 % |
| NHN CORP | 9.9 % |
| TENCENT HOLDINGS LTD | 9.1 % |
| KUAISHOU TECHNOLOGY CLASS B | 7.4 % |
| PINTEREST, INC. CLASS A | 6.2 % |
| ALPHABET INC. CLASS A | 5.4 % |
| SPOTIFY TECHNOLOGY SA | 5.3 % |
| BAIDU INC - SPON ADR | 4.9 % |
| MATCH GROUP, INC. | 4.9 % |
| NETEASE.COM INC-ADR | 4.5 % |
Constituent Breakdown
| Number of holdings | 44 |
| Herfindahl-Hirschman Index | 623 |
| Wgt avg mkt cap (mns) | $229,847 |
| Large cap (>$10bn) | 76.0% |
| Mid cap ($2-10bn) | 9.9% |
| Small cap (<$2bn) | 4.2% |
| Developed mkts. | 54.2% |
| Emerging mkts. | 45.6% |
Country Exposure
 |
UNITED STATES | 39.3 % |
 |
CHINA | 33.5 % |
 |
SOUTH KOREA | 14.8 % |
 |
JAPAN | 5.8 % |
 |
LUXEMBOURG | 5.3 % |
 |
GERMANY | 0.5 % |
Historical Performance
Standardized Annual Returns (as of 05/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 12.9% | -3.5% | -27.7% | -2.6% | 0.1% | 9.3% | 9.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.87 | 27% |
| MSCI EAFE | 1.02 | 38% |
| MSCI Emg Mkts | 1.49 | 82% |
Liquidity Measures
| Avg. volume (000) | 23 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.43% |
| ADV of underlying (mns) | $2,758 |
Technical Indicators
| Recent close | $36.61 |
| 30d moving avg. | $34.89 |
| Annualized volatility | 30.2% |
| Relative strength (RSI) | 57 |
| Short interest (ETF) | 2.5% |
| 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. SOCL |
Expenses vs. SOCL |
ALTAR Score™ vs. SOCL |
|---|---|---|---|---|
| FMET | Fidelity Metaverse ETF | 31.2% | -26 bp | +10.2% |
| EWEB | Global X Emerging Markets Internet & E-commerce ETF | 29.2% | 0 bp | +11.1% |
| VR | Global X Metaverse ETF | 28.2% | -15 bp | +11.1% |
| IXP | iShares Global Comm Services ETF | 26.1% | -25 bp | +12.6% |
| FCOM | Fidelity MSCI Telecommunication Services Index ETF | 21.3% | -57 bp | +11.2% |
| PBS | Invesco Dynamic Media ETF | 21.2% | -2 bp | +12.3% |
| CQQQ | Invesco China Technology ETF | 20.6% | +5 bp | -4.0% |
| VOX | Vanguard Telecommunication Services Index Fund | 20.2% | -55 bp | +11.2% |
| BNGE | First Trust S-Network Streaming and Gaming ETF | 19.7% | +5 bp | +6.3% |
| METV | Roundhill Ball Metaverse ETF | 19.4% | -6 bp | +9.6% |
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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 6/2/2023
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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
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
-5.8%
Cat. Avg
3.9%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | -5.8% |
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 343 funds in the Global Equities category, with an average ALTAR Score™
of 3.9% and a standard deviation of
4.9%. SOCL's ALTAR Score™ is approximately
2.0 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
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) |
|
|---|---|---|---|
| SOCL | 65.0 | 43.4 | 108.4 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .