Global X Social Media Index ETFFind Ratings Reports
- Last Ratings Update:06/30/2016
- Price as of 06/30/2016 :$20.94
- Net Assets:$136.1 Million
- Peer Rank:25 of 269
- Investment Rating:B-
We rate Global X Social Media Index ETF at B-. 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 7.93% since inception. More recently, the fund has generated a total return of 11.70% in the last three years, 5.77% in the last year, and 5.98% in the last six months. How does that compare to other equity funds? In the last three years, it has outperformed 77% of them. It has also outpaced 71% of its competitors on a one year basis for the period ending 6/30/2016. On a year to date basis, SOCL has returned 5.98%.
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 22.0%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 6/30/2016, the fund was trading at a price of $20.94, which is 0.5% below its 52-week high of $21.05 and 7.6% above its 52-week low of $19.47.
Low expense ratio helps performance. 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 Luis Berruga 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.