XTR
Global X S&P 500 Tail Risk ETF
XTR tracks an index of the S&P 500 stocks and aims to protect the fund from significant negative movements or tail risk by purchasing quarterly Index put options.
Fund Basics
| Fund sponsor | Global X |
| Category | US Equities |
| 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 +
| MICROSOFT CORP | 7.2 % |
| APPLE INC | 5.6 % |
| NVIDIA CORP | 5.0 % |
| AMAZON.COM INC | 3.9 % |
| META PLATFORMS INC | 2.6 % |
| ALPHABET INC. CLASS A | 2.0 % |
| BERKSHIRE HATHAWAY INC-CL B | 1.7 % |
| ALPHABET INC. CLASS C | 1.7 % |
| ELI LILLY & CO | 1.4 % |
| BROADCOM INC. | 1.4 % |
Constituent Breakdown
| Number of holdings | 502 |
| Herfindahl-Hirschman Index | 168 |
| Wgt avg mkt cap (mns) | $836,720 |
| Large cap (>$10bn) | 99.4% |
| Mid cap ($2-10bn) | 0.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.4 % |
 |
IRELAND | 1.6 % |
 |
BRITAIN | 0.7 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 6.9% | 23.1% | 6.4% | -- | -- | -- | 3.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.83 | 97% |
| MSCI EAFE | 0.74 | 72% |
| MSCI Emg Mkts | 0.57 | 43% |
Liquidity Measures
| Avg. volume (000) | 6 |
| Turnover | 5.5% |
| Avg. Bid/Ask (% of price) | 0.31% |
| ADV of underlying (mns) | $289,201 |
Technical Indicators
| Recent close | $28.59 |
| 30d moving avg. | $25.97 |
| Annualized volatility | 15.9% |
| Relative strength (RSI) | 83 |
| Short interest (ETF) | 1.1% |
| 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. XTR |
Expenses vs. XTR |
ALTAR Score™ vs. XTR |
|---|---|---|---|---|
| PBP | Invesco S&P 500 BuyWrite ETF | 99.0% | +23 bp | -0.4% |
| XYLD | Global X S&P 500 Covered Call ETF | 99.0% | +34 bp | -0.6% |
| XYLG | Global X S&P 500 Covered Call & Growth ETF | 98.9% | +34 bp | -0.5% |
| XRMI | Global X S&P 500 Risk Managed Income ETF | 98.8% | +34 bp | -0.6% |
| XCLR | Global X S&P 500 Collar 95-110 ETF | 98.1% | -1 bp | 0.0% |
| EFIV | SPDR S&P 500 ESG ETF | 73.9% | -16 bp | +0.1% |
| XYLE | Global X S&P 500 ESG Covered Call ETF | 73.9% | +34 bp | -0.3% |
| SFLR | Innovator Equity Managed Floor ETF | 67.0% | +63 bp | -0.9% |
| FTHI | First Trust BuyWrite Income ETF | 58.2% | +49 bp | +0.3% |
| ACIO | Aptus Collared Investment Opportunity ETF | 57.0% | +53 bp | -0.9% |
Risk and Returns: XTR 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 4/17/2024
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
XTR
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™
XTR
5.2%
Cat. Avg
5.9%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.2% |
Recommendation
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.
Category Overview
There are 886 funds in the US Equities category, with an average ALTAR Score™
of 5.9% and a standard deviation of
2.7%. XTR's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places XTR in the 39th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
XTR
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) |
|
|---|---|---|---|
| XTR | 26.0 | 31.3 | 57.3 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .