Global X E-commerce ETF

Global X E-commerce ETF (EBIZ) tracks the Solactive E-commerce Index: about 40 US and foreign companies that earn at least half their revenue from online marketplaces, online retail or e-commerce software. Its annual fee (expense ratio) is 0.50%, tied for lowest among six similar funds. Each stock is capped at 4% when the index is rebalanced twice a year, which keeps weights fairly even. As of July 31, 2026, Amazon.com made up 4.18%, about the same as Domino's Pizza.

• Over the year to Oct 27, 2026, EBIZ returned -17.7%, 5th of 6 among similar funds.
• Its 5-year annualized return was -1.3%.
• In the 2020 COVID crash it fell 32.6% and regained its old high 1.6 months after the low.
• Its worst full calendar year was 2022 (-41.0%); its best was 2020 (+74.4%).
• The deepest fall in its price history was 61.6% (Feb 11, 2021 to Oct 14, 2022), not yet recovered.

As of Jul 31, 2026, the fund held 43 securities; the ten largest made up 42.04% of assets.

• Over the three months to Jul 31, 2026, investors added a net $11.1M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +9.02%, -0.70%, -1.34%.

EBIZ is an index fund. Its adviser, Global X Management Company, tries to match the Solactive E-commerce Index before fees. It does not move into cash when markets fall. Solactive AG, the index provider, uses a language-processing algorithm to scan company filings and earnings call transcripts for companies with direct e-commerce exposure. A company qualifies only if at least 50% of its revenue comes from online marketplaces, e-commerce software or services, or online retail. As of December 31, 2025, it also had to be worth at least $200 million and listed in an approved country.

The index weights stocks mostly by market value. At each twice-yearly review, however, it caps every stock at 4% and sets a 0.3% floor. Weights drift between reviews: as of July 31, 2026, JD.com stood at 4.42%. With so many stocks near the cap, the top 10 each weighed between 4.03% and 4.42%. Together they made up 42.04% of assets.

The fund generally holds every stock in the index in about the same proportions. It may hold only a representative sample if a stock becomes hard to trade. Several large positions, including JD.com, Alibaba and PDD Holdings, are depositary receipts: US-listed shares that stand for a foreign company's stock. The fund may lend up to one-third of its assets, and the index can change without a shareholder vote.

• EBIZ charges 0.5% a year, versus an average of 0.6% for the similar funds below (1st of 6, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $51 in the first year and $628 over 10 years (assuming a 5% annual return).

It is a single-theme stock fund of about 40 companies, and its deepest drop, 61.6%, had not been recovered as of October 27, 2026.

EBIZ could add concentrated exposure to e-commerce names such as Amazon.com, MercadoLibre and Booking Holdings for 0.50% a year. In the SEC's standard example, $10,000 invested would cost $51 in the first year and $628 over 10 years. Income is small: the yield was 0.53% as of October 27, 2026, paid twice a year.

The fund launched in November 2018, so it has no 2008 history. In the 2020 COVID crash it fell 32.6% but recovered in 1.6 months. In the 2022 downturn it fell 45.9% and took 23.7 months to regain its January 2022 level. 2022 was its worst calendar year, a 40.77% loss. Its deepest drop, 61.6% from February 2021 to October 2022, was unrecovered as of October 27, 2026. Drawing cash in a year like 2022 would have locked in steep losses. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.