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Global X Data Center REITs & Digital Infrastructure (VPN)Overvalued or undervalued?
Look-through valuation · Sector · Expense ratio 0.47 % · ISIN US37954Y2366
Price history (since 2020)
Monthly close since 2020. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Digital Realty Trust Inc DLR | 12.7 % | −25.9 % | 50 |
| American Tower Corp AMT | 12.6 % | −11.5 % | 61 |
| Equinix Inc EQIX | 11.9 % | −85.6 % | 49 |
| Crown Castle CCI | 8.3 % | −3.9 % | 62 |
| SBA Communications Corp SBAC | 4.6 % | −4.0 % | 65 |
| Keppel DC REIT AJBU | 4.4 % | +7.3 % | 43 |
| GDS Holdings Ltd GDS | 4.1 % | −41.3 % | 35 |
| Applied Digital Corporation APLD | 4.1 % | n/a | n/a |
| NEXTDC Ltd NXT | 3.6 % | −23.7 % | 23 |
| Uniti Group Inc UNIT | 3.6 % | +85.4 % | 29 |
| Super Micro Computer Inc SMCI | 3.1 % | +16.1 % | 38 |
| Hewlett Packard Enterprise Co HPE | 2.7 % | −96.3 % | 35 |
| VNET Group Inc DRC VNET | 2.5 % | +200.0 % | 20 |
| China Tower Corporation Limited 2Y11 | 2.3 % | n/a | n/a |
| Marvell Technology Group Ltd MRVL | 2.3 % | −55.5 % | 78 |
| Micron Technology Inc MU | 2.2 % | −29.4 % | 73 |
| Intel Corporation INTC | 2.1 % | −39.7 % | 39 |
| Taiwan Semiconductor Manufacturing Co. Ltd. 2330 | 2.1 % | +10.0 % | 72 |
| NVIDIA Corporation NVDA | 2.1 % | −5.9 % | 73 |
| Advanced Micro Devices Inc AMD | 2.1 % | −71.2 % | 75 |
| SK Hynix Inc 000660 | 1.8 % | +13.8 % | 72 |
| Broadcom Inc AVGO | 1.8 % | −6.5 % | 71 |
| Microchip Technology Inc MCHP | 1.7 % | −62.6 % | 68 |
| SUNeVision Holdings Ltd 1686 | 0.7 % | +71.4 % | 57 |
| WhiteFiber, Inc. Ordinary Shares WYFI | 0.3 % | n/a | n/a |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 25 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 KWEB KraneShares CSI China Internet ETF 49.7 % below FV
- 2 CHIQ Global X MSCI China Consumer Disc ETF 49.3 % below FV
- 3 CHIU Global X MSCI China Utilities ETF 45.9 % below FV
- 4 MCHI iShares MSCI China ETF 36.3 % below FV
- 5 FLCH Franklin FTSE China ETF 35.9 % below FV
- 6 FDNI First Trust Dow Jones International Internet ETF 28.4 % below FV
- 7 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 26.1 % below FV
- 8 ITB iShares U.S. Home Construction ETF 23.0 % below FV
- 9 FDEM Fidelity® Emerging Markets Multifactor ETF 17.0 % below FV
- 10 XLC Communication Services Select Sector SPDR® Fund 16.2 % below FV
Frequently asked about VPN
Is VPN overvalued?
What is the fair value of VPN?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of VPN?
What is the expense ratio of VPN?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Global X Data Center REITs & Digital Infrastructure ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Oct 26, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.