ETF Evaluator:
Global X Adaptive US Factor ETF ()
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(as of Aug 26)
Best Performing in Mid-Cap Value Over the Last Year
| 45.0% | VictoryShares Free Cash Flow ETF (VFLO) |
| 39.1% | Bushido Capital US SMID Cap Equity ETF (RNIN) |
| 38.8% | Bushido Capital US Equity ETF (SMRI) |
| 37.8% | ProShares Equities for Rising Rates ETF (EQRR) |
| 37.4% | Vanguard US Multifactor ETF (VFMF) |
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ETF Details
Global X Adaptive US Factor ETF Overview
Global X Adaptive US Factor ETF (AUSF) is a passively managed U.S. Equity Mid-Cap Value exchange-traded fund (ETF). Global X Funds launched the ETF in 2018.
The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Adaptive Wealth Strategies U.S. Factor Index (the "index").
The fund invests at least 80% of its total assets in the securities of the index. Its 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed. The index is designed to dynamically allocate across three sub-indices that provide exposure to U.S. equities that exhibit characteristics of one of three primary factors: value, momentum and low volatility.
About Global X Adaptive US Factor ETF (AUSF)
There are 2 members of the management team with an average tenure of 6.50 years: Wayne Xie (2019) and Vanessa Yang (2020). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Adaptive Wealth Strategies US Ft TR USD index with a weighting of 100%. Global X Adaptive US Factor ETF has 195 securities in its portfolio. The top 10 holdings constitute 16.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Global X Adaptive US Factor ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Global X Adaptive US Factor ETF has 0.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.2% There is 0.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Global X Adaptive US Factor ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $901 million in total assets, which is below the $2 billion average for the Mid-Cap Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
AUSF Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Global X Adaptive US Factor ETF expense ratio is below average compared to funds in the Mid-Cap Value category. Global X Adaptive US Factor ETF has an expense ratio of 0.27%, which is 42% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Global X Adaptive US Factor ETF has a portfolio turnover rate of 74%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 72% for the Mid-Cap Value category.
Recently, in the month of July 2026, Global X Adaptive US Factor ETF returned 5.3%, which earned it a grade of B, as the Mid-Cap Value category had an average return of 3.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Global X Adaptive US Factor ETF has a trailing yield of 2.62%, which is above the 2.05% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Global X Adaptive US Factor ETF Grades
Year to date, the ETF has returned 12.6%, 2.8 percentage points worse than the category, which translates into a grade of F. The fund has returned 19.1% over the past year (grade of D), 18.9% over the past three years (grade of A) and 14.4% per year over the past five years (grade of A).
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AUSF Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| AUSF Return (NAV) | 5.3% | 4.9% | 19.1% | 18.9% | 14.4% | na |
| AUSF Return (Price) | 5.5% | 5.0% | 19.0% | 19.0% | 14.5% | na |
| NAV +/- Price Return | -0.191% | -0.014% | 0.119% | -0.059% | -0.027% | na |
| Mid-Cap Value Avg | 3.5% | 6.1% | 23.5% | 13.9% | 10.2% | 10.8% |
| AUSF Grade (NAV) | B | D | D | A | A | na |
| +/- Category (NAV) | 1.8% | -1.2% | -4.4% | 5.1% | 4.2% | na |
| AUSF Tax-Cost Ratio | na | na | 1.2% | 1.1% | 1.0% | na |
AUSF Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AUSF Return (NAV) | 12.6% | 13.5% | 16.2% | 22.1% | -0.1% | 27.2% | 1.4% | 23.8% | na | na | na |
| AUSF Return (Price) | 12.6% | 13.7% | 16.1% | 22.2% | -0.2% | 27.5% | 1.3% | 24.1% | na | na | na |
| NAV +/- Price Ret | -0.005% | 0.016% | -0.006% | 0.004% | 1.250% | 0.009% | -0.100% | 1.2% | na | na | na |
| Mid-Cap Value Avg | 15.4% | 10.4% | 12.2% | 12.9% | -5.7% | 31.6% | 0.6% | 25.6% | -10.0% | 15.5% | 20.3% |
| AUSF Grade (NAV) | F | B | A | A | A | F | C | D | na | na | na |
| +/- Category | -2.8% | 3.1% | 3.9% | 9.3% | 5.6% | -4.4% | 0.8% | -1.8% | na | na | na |
| Risk Measures | |
| Beta: | 0.61 |
| R-Squared: | 40% |
| Standard Deviation: | 12.7% |
| Category Risk Index: | 0.89 |
| Category Risk Rating: | Low |
| Total Risk Index: | 1.03 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 2.6% |
| Total Assets: | $ 902 Mil |
| Share Class Assets: | $ 902 Mil |
| Turnover: | 74.5% |
| Expense Ratio: | 0.27% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 7.4 years | |||
| Average Tenure: 6.5 years | |||
| Managers (Year): Xie Wayne (2019), Yang Vanessa (2020) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 195 |
| % in Top 10 Holdings: | 16.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.7% |
Portfolio Allocation |
|
| Domestic Stock: | 99.2% |
| Foreign Stock: | 0.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Global X Funds |
| Phone Number: | 888-493-8631 |
| Website: | www.globalxfunds.com |
| Inception Date: | August 24, 2018 |
Expenses and Fees
| Expense Ratio (%): | 0.27% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.47% |
