Global X Social Media ETFFind Ratings Reports
- Last Ratings Update:05/31/2018
- Price as of 05/31/2018 :$34.94
- Net Assets:$136.1 Million
- Peer Rank:11 of 264
- Investment Rating:A
We rate Global X Social Media 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 ETF has returned an annual rate of 14.45% since inception. More recently, the fund has generated a total return of 20.37% in the last five years, 19.89% in the last three years, and 25.88% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 96% of them. It has also outpaced 97% of its competitors on a three year basis and 93% of them over the last year for the period ending 5/31/2018. On a year to date basis, SOCL has returned 8.53%.
Downside risk has been below average. SOCL has a draw down risk of -14.45%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 17.9%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 5/31/2018, the fund was trading at a price of $34.94, which is 0.3% below its 52-week high of $35.04 and 7.1% above its 52-week low of $32.61.
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 ETF is managed by Luis Berruga at Global X Management Company LLC. This fund is one of 46 Global X Management Company LLC exchange-traded funds launched since 2/5/2009 that we track.