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FLAG

GradeCNew York Stock Exchange Arca

Global X - S&P 500 U.S. Market Leaders Top 50 ETF

Major Indexes · Global X · Inception 2025-04-15 · SEC filings

$27.92+0.00 (+0.00%)

As of Sep 23, 2026, 9:46 AM EDT

Market opens at 9:30 AM ET.History starts Apr 16, 2025.
Intraday session: up, 5 prints from 27.91 to 27.92. Range 27.77 to 27.99. Use the arrow keys to read each point.$27.80$28.00Sep 17Sep 18Sep 22Sep 23
Expense ratio
0.29%
Fund size
$2M
1Y return
+0.8%
Yield · Last 12 months
2.03%
Holdings
50
Volume · 30D
0M sh
NAV per share
$27.90
52W range
low $25.57high $29.02

The ETF.net FLAG Grade

C

40/ 100

Rank 32 of 44 in Other Major Indexes⁠

Confidence High

Six-pillar profile for FLAG. Scores out of 100: Cost 51, Risk 42, Mission 44, Tradability 26, Holdings 40, Durability 19. Strongest: Cost (51). Weakest: Durability (19). Leans toward Cost.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned42This cap took−2Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 51
    Category rank22/44 · top 50%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    CScore 44
    Category rank29/31 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 42
    Category rank25/43 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 26
    Category rank37/44 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 40
    Category rank32/42 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 19
    Category rank41/44 · bottom quartile

Graded as of Sep 22, 2026

Our read on FLAG

ETF.net Research

CThe S&P 500, boiled down to the 50 names that rank highest on a profitability-and-quality "Market Leader" screen. Global X charges 0.29% for a concentrated cut of America's biggest earners instead of the full 500.

Stated mandate

The fund seeks to provide investment results that generally correspond, before fees and expenses, to the price and yield performance of the S&P 500® U.S. Revenue Market Leaders 50 Index.

Why people hold it

  1. 010.29% a year undercuts the typical fund in its index-tracking peer group, which is unusual for a rules-based screen rather than plain market-cap weighting.
  2. 02About 50 holdings, not 500. The leaders carry real weight here instead of being diluted by a long tail of smaller index members.
  3. 03Fully rules-driven: it tracks S&P's U.S. Revenue Market Leaders 50 Index, screened on profitability and quality, so stock picks are not left to a manager's mood.globalxetfs.com

Worth knowing

  1. 01Launched in 2025, so there is no long record showing how the screen behaves across a full market cycle.
  2. 02Still a small, lightly traded fund, so bid-ask spreads can run wider than on the household-name index funds in its category.
  3. 03Fifty names concentrate company-specific risk. Broad rivals like SCHK (0.03%) and SPYV (0.04%) spread it far wider for a fraction of the fee.

FLAG Holdings

As of Sep 21, 2026, 6:07 PM
Asset class
Stocks
Holdings
50
Top-10 weight
47%
Largest holding
MSFT5.5%

Geography

  • United States99.79%
  • Canada0.21%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001MSFTMICROSOFT CORP5.48%185$91K792
002MRKMERCK & CO. INC.5.45%618$91K506
003ABBVABBVIE INC5.18%327$86K511
004NVDANVIDIA CORP4.89%367$82K828
005AMZNAMAZON.COM INC4.70%309$78K720
006LLYELI LILLY & CO4.50%65$75K569
007ANETARISTA NETWORKS INC4.29%359$72K490
008HDHOME DEPOT INC4.16%231$69K436
009UNHUNITEDHEALTH GROUP INC4.09%181$68K474
010CSCOCISCO SYSTEMS INC4.07%620$68K567
011WMTWALMART INC3.91%611$65K462
012VZVERIZON COMMUNICATIONS INC3.79%1,313$63K441
013PEPPEPSICO INC3.22%414$54K447
014COFCAPITAL ONE FINANCIAL CORP2.43%200$40K350
015TJXTJX COMPANIES INC2.38%312$40K419

Showing 1–15 of 51 holdings

FLAG Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

FLAG$10,076
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. FLAG $10,076. SPY $11,723. Use the arrow keys to read each point.$8,979$10,473$11,968Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FLAG. Periods over one year show the average yearly return.
PeriodFLAG
Year to date+1.7%
1 month−3.2%
3 months+3.9%
1 year+0.8%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FLAG
YearReturn barFLAG
2026 YTD+1.7%
2025+13.7%

History from Apr 16, 2025

FLAG in the news

ETF.net Research hasn’t filed on FLAG yet — coverage lands here as it’s written.

FLAG Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
2.03%Last 12 months
Payout per share
$0.57Last 12 months
Last payment
$0.24 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2025–2026

One bar per payment. 3 payments from 2025 to 2026 YTD. Jun 27, 2025 $0.04; Dec 30, 2025 $0.33; Jun 29, 2026 $0.24. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Jun 29, 2026Jul 2, 2026$0.24
Dec 30, 2025Jan 7, 2026$0.33
Jun 27, 2025Jul 7, 2025$0.04

FLAG Risk

How much the fund’s monthly returns vary, scaled to a year.
8.7%
Annualised · 16 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.79
vs 3-month T-bills · 16 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−9.3%
17 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.56
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FLAG Cost

Expense ratio0.29%
  • The middle half of Other Major Indexes funds
  • Median 0.29%

20 of the 42 Other Major Indexes funds charge less.

FLAG costs $29.00 a year on $10,000. The median Other Major Indexes fund costs $29.00.