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ETFs

Global X Funds Global X MSCI SuperDividend EAFE ETF

EFAS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 14 2016
Expense Ratio
0.57%
Type
Global Ex. US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$20,354
AUM
$10,677,799
Associated Index
MSCI EAFE Top 50 Dividend Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with EFAS

What is EFAS?

The Global X MSCI SuperDividend EAFE ETF (EFAS) invests in 50 of the highest dividend yielding equity securities from the MSCI EAFE Index, which includes securities from international developed markets across Europe, Australasia, and the Far East. The MSCI EAFE Top 50 Dividend Index is based on the MSCI EAFE Index, its parent index, which includes large and mid-cap stocks across Developed Markets (DM) countries around the world, excluding the U.S. and Canada. The index aims to reflect the performance of 50 securities from the MSCI EAFE Index, selected by dividend yield that have increased or maintained their dividend per share compared to the previous year or have increased or maintained their payout ratio (defined as dividend per share/earnings per share) if the dividend per share has dropped by up to 10%.

ETFs related toEFAS

ETFs correlated to EFAS include IDV, DTH, FGD

EFAS
Global X Funds - Global X MSCI SuperDividend EAFE ETF
IDV
BlackRock Institutional Trust Company N.A. - iShares International Select Dividend ETF
DTH
WisdomTree Trust - WisdomTree International High Dividend Fund
FGD
First Trust Exchange-Traded Fund III - First Trust Dow Jones Global Select Dividend Index Fund
FEP
First Trust Exchange-Traded Fund III - First Trust Europe AlphaDEX Fund
EFV
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Value ETF
DWM
WisdomTree Trust - WisdomTree International Equity Fund
HDEF
DBX ETF Trust - Xtrackers MSCI EAFE High Dividend Yield Equity ETF
PXF
Invesco Capital Management LLC - Invesco FTSE RAFI Developed Markets ex-U.S. ETF
VYMI
Vanguard Group, Inc. - Vanguard International High Dividend Yield ETF
RODM
Lattice Strategies Trust - Hartford Multifactor Developed Markets (ex-US) ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

EFAS is a Global Ex. US Equities ETF. The Global X MSCI SuperDividend EAFE ETF (EFAS) invests in 50 of the highest dividend yielding equity securities from the MSCI EAFE Index, which includes securities from international developed markets across Europe, Australasia, and the Far East. The MSCI EAFE Top 50 Dividend Index is based on the MSCI EAFE Index, its parent index, which includes large and mid-cap stocks across Developed Markets (DM) countries around the world, excluding the U.S. and Canada. The index aims to reflect the performance of 50 securities from the MSCI EAFE Index, selected by dividend yield that have increased or maintained their dividend per share compared to the previous year or have increased or maintained their payout ratio (defined as dividend per share/earnings per share) if the dividend per share has dropped by up to 10%.

EFAS tracks the MSCI EAFE Top 50 Dividend Index.

EFAS dividend information: Dividend - High Yield. Dividend payouts may vary in terms of frequency of payouts.

No, EFAS is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, EFAS is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on EFAS is 0.018%. This is the percent change in the value of EFAS over the most recent 1-month period. The 3-month return on EFAS is 0.0211%. This is the percent change in the value of EFAS over the most recent 3-month period.

The standard deviation of EFAS for the past year is 0.1822%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to EFAS include DGS, DFIV, and DWX.

ETFs correlated to EFAS include IDV, DTH, and FGD.

ETFs that are inversely correlated to EFAS include EPV, EFZ, and EDZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.