Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF
ALTAR
Score™
5.9% info Recommen-
dation
UNDERWEIGHT
2021E    2022E
P/E
ratio
17.8x P/Sales
ratio
1.6x
P/BV
ratio
1.9x Div.
yield
2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
ASCG tracks an index of large- and midcap global stocks outside the US. After excluding certain industries, the index selects stocks with higher ESG scores per MSCI and weights them by market cap. lf

FUND BASICS
Category International Equities
Fund Sponsor Deutsche Bank
Website dws.com
Inception date Dec 04, 2018
Assets (mns) $10
Currency USD
Expense ratio 16 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 824
Wgt avg mkt cap (mns) $129,714
Large cap (>$10bn) 85.9%
Mid cap ($2-10bn) 13.0%
Small cap (<$2bn) 0.1%
Developed mkts 69.7%
Emerging mkts 29.9%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 4.1 %
TENCENT HOLDINGS LTD 3.9 %
ALIBABA GROUP HOLDING LTD. SPONSOR 3.6 %
ASML HOLDING NV 1.8 %
ROCHE HOLDING AG-GENUSSCHEIN 1.7 %
MEITUAN DIANPING 1.4 %
SHOPIFY, INC. CLASS A 1.1 %
SONY CORP 1.0 %
UNILEVER PLC 1.0 %
NOVO NORDISK A/S-B 0.9 %
Total 20.5 %

TOP COUNTRY EXPOSURE
JAPAN 16.1 %
CHINA 12.3 %
CANADA 7.3 %
BRITAIN 7.1 %
TAIWAN 6.6 %
FRANCE 5.8 %
SWITZERLAND 5.0 %
GERMANY 4.5 %
AUSTRALIA 4.2 %
NETHERLANDS 4.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
2.5% 28.7% -- -- 17.7%

Market Correlations
versus... Beta R-squared
S&P500 0.87 87%
MSCI EAFE 0.88 95%
MSCI Emg. Mkts. 0.76 86%

Technical Indicators
Recent close $32.03
30d moving avg. $32.90
Annualized volatility 18.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $72,668

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF ETF based on the alternatives' overlap in portfolio holdings with ACSG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ACSG Expense: 16 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ACSG
Ticker Fund
Name
Overlap1
vs ACSG
(%)
Expense
ratio
(bp)
Savings
vs ACSG
(bp)
ALTAR
Score™
(%)
ALTAR
vs ACSG
(%)
VSGX Vanguard ESG International Stock ETF 62.0 17 -1 6.3 +0.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 57.7 14 2 6.0 +0.1
DFAI Dimensional International Core Equity Market ETF 56.4 18 -2 6.2 +0.3
BKIE BNY Mellon International Equity ETF 50.3 4 12 6.5 +0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 50.2 40 -24 6.0 +0.1
ESGD iShares MSCI EAFE ESG Optimized ETF 49.9 20 -4 6.2 +0.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 49.7 20 -4 6.2 +0.3
IQSI IQ Candriam ESG International Equity ETF 49.0 15 1 6.2 +0.3
ACWX iShares MSCI ACWI ex U.S. ETF 48.7 32 -16 6.3 +0.4
EFA iShares MSCI EAFE ETF 48.4 32 -16 6.2 +0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 47.5 35 -19 6.0 +0.1
GSID Goldman Sachs MarketBeta International Equity ETF 47.2 20 -4 6.2 +0.3
HFXI IQ 50 Percent Hedged FTSE International ETF 46.9 20 -4 6.4 +0.5
CWI SPDR MSCI ACWI ex-US ETF 46.6 30 -14 6.2 +0.3
VEU Vanguard FTSE All-World ex-US Index Fund 45.7 8 8 6.6 +0.7
SCHF Schwab International Equity ETF 45.2 6 10 6.5 +0.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 44.9 7 9 6.5 +0.5
IXUS ishares Core MSCI Total International Stock ETF 43.2 9 7 6.4 +0.5
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 41.8 35 -19 6.0 +0.0
IDEV iShares Core MSCI International Developed Markets ETF 41.7 5 11 6.3 +0.4
IEFA iShares Core MSCI EAFE ETF 41.2 7 9 6.4 +0.4
SPDW SPDR Portfolio Developed World ex-US ETF 41.1 4 12 6.1 +0.2
DMXF iShares ESG Advanced MSCI EAFE ETF 40.1 12 4 5.9 -0.0
VEA Vanguard FTSE Developed Markets ETF 40.0 5 11 6.5 +0.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 38.4 45 -29 7.4 +1.5
QEFA SPDR MSCI EAFE Quality Mix ETF 37.6 30 -14 6.1 +0.1
JHMD John Hancock Multifactor Developed International ETF 37.2 39 -23 6.4 +0.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 36.8 25 -9 6.1 +0.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 35.3 39 -23 5.6 -0.4
FLEE Franklin FTSE Europe ETF 35.2 9 7 6.4 +0.5
FLEH Franklin FTSE Europe Hedged ETF 35.2 9 7 6.4 +0.4
VYMI Vanguard International High Dividend Yield ETF 35.0 27 -11 9.0 +3.1
FNDF Schwab Fundamental International Large Co. Index ETF 35.0 25 -9 7.5 +1.6
PDEV Principal International Multi-Factor Core Index ETF 34.9 25 -9 7.0 +1.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 34.9 45 -29 6.0 +0.1
IEUR iShares Core MSCI Europe ETF 34.8 9 7 6.4 +0.5
BBEU JPMorgan BetaBuilders Europe ETF 34.6 9 7 6.6 +0.7
SPEU SPDR Portfolio Europe ETF 34.5 9 7 6.5 +0.6
IEV iShares Europe ETF 34.0 59 -43 6.1 +0.1
VGK Vanguard FTSE Europe ETF 33.4 8 8 6.6 +0.6
VXUS Vanguard Total International Stock ETF 33.2 8 8 6.6 +0.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 32.9 20 -4 5.7 -0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 32.8 40 -24 7.2 +1.2
CIL VictoryShares International Volatility Weighted Index ETF 32.7 45 -29 6.4 +0.5
LDEM iShares ESG MSCI EM Leaders ETF 32.6 16 0 6.5 +0.6
EEM iShares MSCI Emerging Markets ETF 32.5 70 -54 6.0 +0.1
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 32.5 45 -29 6.2 +0.3
IEMG iShares Core MSCI Emerging Markets ETF 32.5 11 5 6.7 +0.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 32.2 65 -49 6.0 +0.1
DWM WisdomTree International Equity Fund 32.1 48 -32 7.1 +1.2
EFG iShares MSCI EAFE Growth ETF 31.5 40 -24 4.0 -2.0
RESD WisdomTree International ESG Fund 31.4 30 -14 6.3 +0.4
DOL WisdomTree International LargeCap Dividend Fund 31.3 48 -32 7.1 +1.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 30.9 36 -20 7.0 +1.1
ISZE iShares Edge MSCI Intl Size Factor ETF 30.4 30 -14 6.1 +0.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 29.5 25 -9 6.0 +0.1
SCHE Schwab Emerging Markets Equity ETF 29.5 11 5 6.8 +0.8
VWO Vanguard FTSE Emerging Markets ETF 29.0 10 6 7.1 +1.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 28.9 68 -52 5.7 -0.2
FLAX Franklin FTSE Asia Ex Japan ETF 28.7 19 -3 6.3 +0.4
ESGE iShares ESG Aware MSCI EM ETF 28.6 25 -9 6.8 +0.9
DFAE Dimensional Emerging Core Equity Market ETF 28.3 35 -19 7.1 +1.1
ISDX Invesco RAFI Strategic Developed ex-US ETF 28.3 23 -7 6.2 +0.3
AVDE Avantis International Equity ETF 28.3 23 -7 6.7 +0.8
EFV iShares MSCI EAFE Value ETF 28.2 39 -23 8.1 +2.2
JHEM John Hancock Multifactor Emerging Markets ETF 28.1 49 -33 7.2 +1.3
IQLT iShares Edge MSCI Intl Quality Factor ETF 28.1 30 -14 5.4 -0.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 27.9 30 -14 6.5 +0.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 27.6 39 -23 6.7 +0.8
EEMA iShares MSCI Emerging Markets Asia ETF 26.8 50 -34 6.4 +0.5
PBEE Invesco PureBeta FTSE Emerging Markets ETF 26.7 15 1 7.7 +1.8
TPIF Timothy Plan International ETF 26.6 62 -46 5.9 +0.0
SPEM SPDR Portfolio Emerging Markets ETF 26.4 11 5 6.7 +0.8
IQIN IQ 500 International ETF 26.4 25 -9 7.3 +1.4
NUDM Nuveen ESG International Developed Markets Equity ETF 26.2 40 -24 5.8 -0.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 26.2 45 -29 6.5 +0.6
BKEM BNY Mellon Emerging Markets Equity ETF 26.1 11 5 6.8 +0.9
IMTM iShares Edge MSCI Intl Momentum Factor ETF 25.2 30 -14 3.8 -2.1
VPL Vanguard FTSE Pacific ETF 24.7 8 8 6.3 +0.4
EMXF iShares ESG Advanced MSCI EM ETF 23.4 16 0 6.9 +1.0
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 23.3 24 -8 6.5 +0.6
RBIN Nationwide Risk-Based International Equity ETF 22.7 42 -26 5.9 -0.1
NUEM Nuveen ESG Emerging Markets Equity ETF 22.6 45 -29 5.9 -0.1
IPAC iShares Core MSCI Pacific ETF 22.3 9 7 6.1 +0.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 22.3 59 -43 10.4 +4.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 22.3 29 -13 7.1 +1.1
VIGI Vanguard International Dividend Appreciation ETF 22.2 20 -4 4.8 -1.1
LOWC SPDR MSCI ACWI Low Carbon Target ETF 21.8 20 -4 5.4 -0.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 21.8 20 -4 5.4 -0.6
ACWI iShares MSCI ACWI ETF 21.3 32 -16 5.2 -0.8
IDMO Invesco S&P International Developed Momentum ETF 21.2 26 -10 3.6 -2.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 20.9 32 -16 5.3 -0.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 20.4 30 -14 7.7 +1.8
RNDM First Trust Developed International Equity Select ETF 20.1 65 -49 5.6 -0.3
AVEM Avantis Emerging Markets Equity ETF 20.0 33 -17 7.5 +1.6
EFAV iShares Edge MSCI Min Vol EAFE ETF 19.9 20 -4 5.1 -0.8
QINT American Century Quality Diversified International ETF 19.9 39 -23 6.2 +0.3
RESE WisdomTree Emerging Markets ESG Fund 19.6 32 -16 7.1 +1.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2016 2017 2018 2019 2020 2021E 2022E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2020 2021E 2022E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.6 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 16 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.55
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.