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Global X Data Center REITs & Digital Infrastructure (VPN)Overvalued or undervalued?
Look-through valuation · Sector · Expense ratio 0.50 % · 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 | 12.8 % | −67.3 % | 47 |
| American Tower Corp AMT | 12.6 % | −24.5 % | 62 |
| Equinix Inc EQIX | 12.4 % | −80.4 % | 48 |
| Crown Castle CCI | 8.7 % | −50.0 % | 59 |
| NEXTDC Ltd NXT | 4.7 % | −75.7 % | 25 |
| SBA Communications Corp SBAC | 4.6 % | −22.8 % | 64 |
| Keppel DC REIT AJBU | 4.4 % | −34.8 % | 44 |
| GDS Holdings Ltd GDS | 4.3 % | −58.2 % | 39 |
| Applied Digital Corporation APLD | 4.0 % | n/a | n/a |
| Uniti Group Inc UNIT | 3.5 % | +105.2 % | 21 |
| Super Micro Computer Inc SMCI | 2.8 % | +0.2 % | 50 |
| VNET Group Inc DRC VNET | 2.6 % | +200.0 % | 26 |
| China Tower Corporation Limited 2Y11 | 2.3 % | n/a | n/a |
| Hewlett Packard Enterprise Co HPE | 2.2 % | −95.5 % | 45 |
| Micron Technology Inc MU | 2.1 % | −84.5 % | 74 |
| NVIDIA Corporation NVDA | 2.1 % | −55.9 % | 74 |
| Marvell Technology Group Ltd MRVL | 2.1 % | −77.2 % | 77 |
| Taiwan Semiconductor Manufacturing Co. Ltd. 2330 | 2.0 % | −22.4 % | 72 |
| Broadcom Inc AVGO | 1.9 % | −67.8 % | 70 |
| Advanced Micro Devices Inc AMD | 1.8 % | −88.0 % | 75 |
| SK Hynix Inc 000660 | 1.8 % | −7.2 % | 68 |
| Intel Corporation INTC | 1.8 % | −33.2 % | 38 |
| Microchip Technology Inc MCHP | 1.7 % | −87.6 % | 67 |
| SUNeVision Holdings Ltd 1686 | 0.6 % | −6.6 % | 56 |
| 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 CHIU Global X MSCI China Utilities ETF +65.2 % below FV
- 2 CHIQ Global X MSCI China Consumer Disc ETF +56.4 % below FV
- 3 FXI iShares China Large-Cap ETF +52.9 % below FV
- 4 KWEB KraneShares CSI China Internet ETF +44.4 % below FV
- 5 FLCH Franklin FTSE China ETF +38.3 % below FV
- 6 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +29.9 % below FV
- 7 MCHI iShares MSCI China ETF +28.1 % below FV
- 8 ITB iShares U.S. Home Construction ETF +18.6 % below FV
- 9 TAN Invesco Solar ETF +17.9 % below FV
- 10 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +8.4 % 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: Sep 4, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.