- Last Ratings Update:12/31/2015
- Price as of 12/31/2015 :$19.87
- Net Assets:$136.1 Million
- Peer Rank:5 of 252
- Investment Rating:A-
We rate Global X Social Media Index ETF at A-. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Positive factors that influence this rating include a well above average total return, low price volatility and low expense structure. The fund may be considered for investors seeking a Global Equity strategy.
POSITIVES AND RISKS
Total return ranks very high in comparison with peers over the last three years. The Global X Social Media Index ETF has returned an annual rate of 7.55% since inception. More recently, the fund has generated a total return of 13.91% in the last three years, 9.54% in the last year, and -0.19% in the last six months. How does that compare to other equity funds? In the last three years, it has outperformed 87% of them. It has also outpaced 87% of its competitors on a one year basis for the period ending 12/31/2015. On a year to date basis, SOCL has returned 9.54%.
Downside risk has been below average. SOCL has a draw down risk of -23.03%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 21.1%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 12/31/2015, the fund was trading at a price of $19.87, which is 3.7% below its 52-week high of $20.64 and 2.8% above its 52-week low of $19.33.
Low expense ratio helps performance. On total assets of $136.10 million, SOCL maintains a low expense ratio compared to its Global Equity peers of just 0.65% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As SOCL is an exchange traded fund, it has no front end or back end load.
The Global X Social Media Index ETF is managed by Bruno Del Ama at Global X Management Company LLC. This fund is one of 45 Global X Management Company LLC exchange-traded funds launched since 2/5/2009 that we track.
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