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Launched

Global X Dorsey Wright Thematic ETF

GXDWNasdaqGlobal XC

$22.58−0.89 (−3.81%)

At close: Nov 2, 2026, 4:00 PM ET

C48/ 100

Rank 15 of 30 in Disruptive Innovation

C48/100Rank 15 of 30inDisruptive Innovation
Intraday session: down, 79 prints from 23.47 to 22.58. Range 22.58 to 23.71. Use the arrow keys to read each point.22.7523.0023.2523.7510 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$6M
1Y total return
−14.8%
Yield · Last 12 months
1.53%
Holdings
6
Avg volume · 30D
2.94K sh
52W range
low $21.50high $30.73
Launched

The ETF.net GXDW Grade

Based on 5 of 6 pillars

C

Score 48 out of 100

Category
Disruptive Innovation⁠
Rank
15 of 30
Six-pillar profile for GXDW. Scores out of 100: Cost 81, Risk 21, Mission not scored, Tradability 29, Holdings 28, Durability 37. Strongest: Cost (81). Weakest: Risk (21). Based on 5 of 6 pillars.

Score 48 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A81 out of 100
    Rank 4 of 30

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F21 out of 100
    Rank 26 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D29 out of 100
    Rank 25 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D28 out of 100
    Rank 29 of 30

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D37 out of 100
    Rank 22 of 30

Our read on GXDW

ETF.net Research

In short

CMomentum traffic control for Global X's own theme lineup. Since its 2025 rebuild, GXDW holds the five Global X thematic ETFs showing the strongest relative strength, and it can reshuffle them monthly as leadership changes.

Stated mandate

The fund seeks to track, before fees and expenses, the price and yield performance of the Nasdaq Dorsey Wright Thematic Rotation Total Return Index.

Why people hold it

  • Rules, not hunches: the index ranks Global X's thematic ETFs on relative price strength, holds the top five at equal weight, and can reconstitute monthly.globalxetfs.comnasdaq.comglobalxetfs.com 2
  • One ticker covers five themes at once, so you are not maintaining a shelf of single-theme funds or deciding by hand when to swap one out.globalxetfs.com
  • The 0.50% expense ratio runs below the median fee in its disruptive-innovation peer group, and that covers the rotation work too.
  • Selection keys off price behavior rather than earnings forecasts, which makes the process easy to audit: strongest recent trend in, laggards out.globalxetfs.com

Worth knowing

  • The menu is in-house. The index ranks only Global X's own thematic ETFs, so a leading theme run by another issuer cannot be picked up.globalxetfs.comnasdaq.com
  • Momentum follows price, so themes get added after a run and dropped after they stall. Choppy, trendless markets are the hard case for this design.globalxetfs.com
  • It stays a small, lightly traded fund, so spreads can be wider than the category's household names, and cheaper broad innovation options exist (KOMP charges 0.20%).

GXDW Performance

Launched Oct 25, 2019

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

Not enough history yet.
GXDW$8,519
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. GXDW $8,519. SPY $11,199. Use the arrow keys to read each point.$8,000$9,000$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 GXDW. Periods over one year show the average yearly return.
PeriodGXDW
Year to date−1.8%
1 month−5.9%
3 months+1.7%
1 year−14.8%
3 yearsper year+5.1%
5 yearsper year−13.2%
10 yearsFund is under 10 years oldper yearNo data

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 GXDW
YearReturn barGXDW
2026 YTD−1.8%
2025+3.5%
2024−3.5%
2023+10.2%
2022−48.1%
2021+3.2%
2020+61.1%

GXDW in the news

GXDW 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 Oct 30, 2026.
1.53%Last 12 months
Payout per share
$0.36Last 12 months
Last payment
$0.08 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2019–2026

One bar per payment. 14 payments from 2019 to 2026 YTD. Dec 30, 2019 $0.08; Jun 29, 2020 $0.02; Dec 30, 2020 $0.19; Jun 29, 2021 $0.11; Dec 30, 2021 $0.59; Jun 29, 2022 $0.04; Dec 29, 2022 $0.30; Jun 29, 2023 $0.11; Dec 28, 2023 $0.38; Jun 27, 2024 $0.13; Dec 30, 2024 $0.13; Jun 27, 2025 $0.06; Dec 30, 2025 $0.28; Jun 29, 2026 $0.08. Use the arrow keys to read each point.20192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 29, 2026Jul 7, 2026$0.08
Dec 30, 2025Jan 7, 2026$0.28
Jun 27, 2025Jul 7, 2025$0.06
Dec 30, 2024Jan 7, 2025$0.13
Jun 27, 2024Jul 5, 2024$0.13
Dec 28, 2023Jan 8, 2024$0.38
Jun 29, 2023Jul 10, 2023$0.11
Dec 29, 2022Jan 9, 2023$0.30
Jun 29, 2022Jul 8, 2022$0.04
Dec 30, 2021Jan 7, 2022$0.59
Jun 29, 2021Jul 8, 2021$0.11
Dec 30, 2020Jan 8, 2021$0.19

See all 14 payments⁠

$10,000 in GXDW 5 years ago paid $403 in dividends.⁠

GXDW Risk

Risk pillarF21 out of 100Rank 26 of 30 in Disruptive Innovation
How much the fund’s monthly returns vary, scaled to a year.
25.1%
Annualised · 36 months to Oct 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.
0.14
vs 3-month T-bills · to Oct 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.
−60.4%
Trough Apr 2025
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.
1.72
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.

FMP measures it over up to five years of monthly returns.

GXDW Cost

Compare GXDW and KOMP

Overpaying vs KOMP, cheapest in Disruptive Innovation

$5,824

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GXDW 0.50%

    $9,979

  • KOMP 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • GXDW 0.50%
  • KOMP 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530GXDW $9,979KOMP $4,155

Year by year

YearGXDWKOMPOverpaying
10$900$365$535
20$3,460$1,421$2,039
30$9,979$4,155$5,824

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