Global X S&P 500 Tail Risk ETF (XTR) Valuation

NYSE Arca: XTRP/E, earnings yield and other ratios of the holdings combined.

XTR valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 25.6
Forward P/E: 19.7
Price / sales: 3.59
Price / book: 5.36
EV / EBITDA: 17.1
Earnings yield: 3.90%
Dividend yield: 1.11%
Return on equity: 20.9%
Net margin: 14.0%
Beta: 1.14

XTR valuation vs other stock ETFs

P/E (TTM)Forward P/E

XTR valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
XTR	25.6	19.7	3.59	5.36	1.11%	20.9%	14.0%	1.8%
SPY	25.9	19.9	3.67	5.47	1.08%	21.1%	14.2%	1.9%
QQQ	34.2	23.4	5.93	9.27	0.58%	27.1%	17.4%	6.9%
DIA	20.9	18.4	3.16	5.52	1.55%	26.4%	15.1%	0.0%
VTI	28.2	19.4	3.31	5.00	1.07%	17.7%	11.8%	4.6%
IWM	n/m	13.9	1.25	2.03	1.38%	−1.7%	−1.0%	28.1%

Same method for every fund. n/m = not meaningful (combined trailing earnings below zero or close to it). Loss-makers = weight of holdings with negative trailing earnings.

XTR valuation by sector

P/E (TTM)Forward P/E

XTR valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	37.9%	32.1	23.1	9.10	12.40	0.56%	38.6%
Financial Services	11.9%	15.8	14.6	3.45	2.36	1.50%	14.9%
Healthcare	9.8%	37.4	17.5	1.73	5.25	1.51%	14.0%
Consumer Cyclical	9.2%	26.9	23.0	2.68	6.43	0.74%	23.9%
Communication Services	9.0%	18.1	18.8	4.84	4.94	0.72%	27.3%
Industrials	6.9%	28.0	21.7	2.73	6.30	1.21%	22.5%
Consumer Defensive	4.8%	28.8	21.4	1.70	6.89	2.36%	23.9%
Energy	3.7%	19.7	12.8	1.85	2.53	2.29%	12.8%
Utilities	2.0%	19.1	15.5	2.77	2.07	3.04%	10.8%
Real Estate	1.7%	34.3	31.8	6.25	3.13	3.37%	9.1%
Basic Materials	1.5%	31.0	16.8	2.84	3.74	1.39%	12.1%

XTR earnings yield vs bond yields

XTR earnings yield (forward)

5.08%

XTR earnings yield (trailing)

3.90%

XTR dividend yield

1.11%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

Earnings yield = earnings ÷ price (1 ÷ P/E). The gap to bond yields is a rough gauge of the extra return stocks are priced to deliver.

How XTR weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

XTR largest holdings: valuation

XTR largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
NVDA	NVIDIA Corporation	7.72%	27.1	24.9	17.1	0.47%	7.44%
AAPL	Apple Inc.	7.29%	39.4	35.2	10.7	0.31%	4.83%
MSFT	Microsoft Corporation	5.90%	29.5	25.1	11.8	0.74%	5.22%
AMZN	Amazon.com, Inc.	3.82%	20.1	23.6	3.5	—	4.96%
GOOGL	Alphabet Inc.	2.84%	17.1	22.8	9.3	0.26%	4.33%
AVGO	Broadcom Inc.	2.41%	43.3	19.4	17.6	0.79%	1.45%
GOOG	Alphabet Inc.	2.27%	16.9	21.8	9.2	0.26%	3.50%
META	Meta Platforms, Inc.	2.07%	26.7	22.1	7.9	0.30%	2.02%
LLY	Eli Lilly and Company	1.60%	42.2	24.4	14.1	0.55%	0.99%
BRK.B	Berkshire Hathaway Inc.	1.57%	13.4	22.7	3.0	—	3.07%
TSLA	Tesla, Inc.	1.57%	328.4	158.7	13.5	—	0.12%
MU	Micron Technology, Inc.	1.48%	11.8	7.0	7.5	0.07%	3.27%
JPM	JPMorgan Chase & Co.	1.40%	14.2	13.5	4.7	1.94%	2.57%
AMD	Advanced Micro Devices, Inc.	1.20%	134.9	39.5	20.9	—	0.23%
XOM	Exxon Mobil Corporation	1.13%	23.0	14.8	2.0	2.30%	1.28%
V	Visa Inc.	1.02%	34.3	24.0	17.0	0.67%	0.78%
JNJ	Johnson & Johnson	0.98%	38.8	21.0	6.2	2.10%	0.66%
WMT	Walmart Inc.	0.80%	43.0	38.0	1.3	0.83%	0.48%
MA	Mastercard Incorporated	0.76%	34.0	24.2	15.4	0.56%	0.58%
ABBV	AbbVie Inc.	0.74%	80.6	16.4	7.8	2.42%	0.24%
CVX	Chevron Corporation	0.66%	21.2	15.2	2.1	3.16%	0.81%
COST	Costco Wholesale Corporation	0.66%	47.6	40.3	1.4	0.59%	0.36%
PLTR	Palantir Technologies Inc.	0.65%	160.4	85.5	72.6	—	0.11%
CSCO	Cisco Systems, Inc.	0.63%	32.2	19.8	6.7	1.56%	0.51%
INTC	Intel Corporation	0.62%	—	63.3	8.3	—	−0.38%

Share of earnings = the holding's part of the fund's combined trailing profit. Green: earns more than its weight; orange: less. Symbol links go to each company's key metrics.

About XTR valuation

Adding up its 496 holdings with company data, XTR trades at 25.6 times trailing earnings and 19.7 times analysts' forward estimates, with a price-to-book ratio of 5.36 and a dividend yield of 1.11%. Its earnings yield of 3.90% is 1.43 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 37.5% of the fund and earn 37.8% of its combined profit. By sector, Healthcare is the most expensive at 37.4 times earnings and Financial Services the cheapest at 15.8. Companies that lost money over the past year are 1.8% of the covered weight.

How these figures are calculated. Each ratio treats the fund as one company: the earnings, sales and book value of every holding are added up in proportion to its weight and divided into the fund's price. In practice that is a weighted harmonic mean, so a single stock with a very high P/E cannot distort the result, and loss-making companies reduce the fund's earnings instead of being dropped. Covers 99.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

XTR valuation FAQ

What is the P/E ratio of XTR?

Based on its holdings, XTR has a trailing P/E of 25.6 and a forward P/E of 19.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of XTR?

The trailing earnings yield is 3.90% (1 ÷ P/E) and the forward earnings yield 5.08%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is XTR more expensive than the S&P 500?

XTR trades at 25.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.7 and 19.9.

What is the price-to-book ratio of XTR?

The holdings of XTR trade at 5.36 times book value, with a combined return on equity of 20.9%.

Which sector in XTR has the highest P/E?

Healthcare has the highest P/E at 37.4 and Financial Services the lowest at 15.8.