Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF
ALTAR
Score™
7.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
20.9x P/Sales
ratio
1.5x
P/BV
ratio
1.8x 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) $8
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 847
Wgt avg mkt cap (mns) $115,920
Large cap (>$10bn) 83.6%
Mid cap ($2-10bn) 15.3%
Small cap (<$2bn) 0.3%
Developed mkts 71.3%
Emerging mkts 28.3%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 4.9 %
TENCENT HOLDINGS LTD 3.5 %
TAIWAN SEMICONDUCTOR MANUFAC 3.3 %
ROCHE HOLDING AG-GENUSSCHEIN 1.9 %
ASML HOLDING NV 1.3 %
NOVO NORDISK A/S-B 1.0 %
MEITUAN DIANPING 1.0 %
SHOPIFY, INC. CLASS A 0.9 %
SIEMENS AG-REG 0.8 %
SONY CORP 0.8 %
Total 19.4 %

TOP COUNTRY EXPOSURE
JAPAN 16.1 %
CHINA 12.1 %
CANADA 7.2 %
BRITAIN 6.7 %
FRANCE 5.8 %
TAIWAN 5.6 %
SWITZERLAND 5.4 %
GERMANY 4.7 %
NETHERLANDS 4.3 %
AUSTRALIA 4.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.9% 8.1% -- -- 11.7%

Market Correlations
versus... Beta R-squared
S&P500 0.84 87%
MSCI EAFE 0.95 97%
MSCI Emg. Mkts. 0.73 90%

Technical Indicators
Recent close $27.79
30d moving avg. $27.87
Annualized volatility 18.1%
Short interest (ETF) 0.4%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $47,744

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 7.0%


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
(%)
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 58.5 14 2 7.1 +0.1
VSGX Vanguard ESG International Stock ETF 55.5 17 -1 7.1 +0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 51.0 40 -24 7.1 +0.2
ESGD iShares MSCI EAFE ESG Optimized ETF 50.7 20 -4 7.0 +0.0
BKIE BNY Mellon International Equity ETF 50.2 4 12 7.5 +0.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 49.7 20 -4 7.2 +0.2
ACWX iShares MSCI ACWI ex U.S. ETF 49.5 32 -16 7.3 +0.4
IQSI IQ Candriam ESG International Equity ETF 49.5 15 1 7.5 +0.6
EFA iShares MSCI EAFE ETF 49.0 32 -16 7.1 +0.2
GSID Goldman Sachs MarketBeta International Equity ETF 48.5 20 -4 7.4 +0.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 48.1 35 -19 7.0 +0.0
HFXI IQ 50 Percent Hedged FTSE International ETF 47.7 20 -4 7.5 +0.6
CWI SPDR MSCI ACWI ex-US ETF 47.7 30 -14 7.2 +0.3
SCHF Schwab International Equity ETF 46.1 6 10 7.3 +0.4
VEU Vanguard FTSE All-World ex-US Index Fund 45.4 8 8 7.6 +0.6
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 45.2 7 9 7.6 +0.6
IXUS ishares Core MSCI Total International Stock ETF 44.3 9 7 7.4 +0.4
SPDW SPDR Portfolio Developed World ex-US ETF 42.6 4 12 7.2 +0.2
IDEV iShares Core MSCI International Developed Markets ETF 42.4 5 11 7.3 +0.3
IEFA iShares Core MSCI EAFE ETF 41.9 7 9 7.4 +0.4
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 40.8 35 -19 6.9 -0.1
VEA Vanguard FTSE Developed Markets ETF 40.6 5 11 7.5 +0.5
QEFA SPDR MSCI EAFE Quality Mix ETF 39.8 30 -14 6.9 -0.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 39.6 45 -29 9.0 +2.0
VXUS Vanguard Total International Stock Index Fund 39.5 8 8 7.6 +0.6
DMXF iShares ESG Advanced MSCI EAFE ETF 39.2 12 4 7.0 +0.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 38.5 25 -9 6.7 -0.2
JHMD John Hancock Multifactor Developed International ETF 37.8 39 -23 7.4 +0.4
FNDF Schwab Fundamental International Large Co. Index ETF 36.8 25 -9 8.8 +1.9
FLEH Franklin FTSE Europe Hedged ETF 36.1 9 7 7.3 +0.3
FLEE Franklin FTSE Europe ETF 36.1 9 7 7.2 +0.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 35.9 39 -23 6.6 -0.3
FEU SPDR Portfolio Europe ETF 35.8 9 7 7.5 +0.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 35.7 45 -29 6.9 -0.1
IEUR iShares Core MSCI Europe ETF 35.6 9 7 7.4 +0.5
BBEU JPMorgan BetaBuilders Europe ETF 35.4 9 7 7.5 +0.5
VYMI Vanguard International High Dividend Yield ETF 35.0 27 -11 10.2 +3.2
VGK Vanguard FTSE Europe ETF 34.8 8 8 7.6 +0.6
IEV iShares Europe ETF 34.7 59 -43 7.0 +0.1
DWM WisdomTree International Equity Fund 34.5 48 -32 8.5 +1.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 34.4 35 -19 8.8 +1.9
PDEV Principal International Multi-Factor Core Index ETF 34.1 25 -9 8.0 +1.1
CIL VictoryShares International Volatility Weighted Index ETF 33.4 45 -29 7.0 +0.1
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 33.2 45 -29 7.0 +0.1
EFG iShares MSCI EAFE Growth ETF 32.9 40 -24 4.6 -2.4
DOL WisdomTree International LargeCap Dividend Fund 31.8 48 -32 9.0 +2.0
RESD WisdomTree International ESG Fund 31.5 30 -14 6.9 -0.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 31.0 25 -9 6.6 -0.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 31.0 20 -4 6.7 -0.2
ISZE iShares Edge MSCI Intl Size Factor ETF 30.8 30 -14 7.3 +0.4
EEM iShares MSCI Emerging Markets ETF 30.7 68 -52 7.4 +0.4
IEMG iShares Core MSCI Emerging Markets ETF 30.7 13 3 7.9 +0.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 30.3 65 -49 7.4 +0.5
AVDE Avantis International Equity ETF 30.3 23 -7 7.7 +0.8
ISDX Invesco Strategic Developed ex-US ETF 30.1 23 -7 7.5 +0.5
IDY Pacific Global International Equity Income ETF 30.0 39 -23 8.2 +1.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 28.4 36 -20 7.3 +0.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 28.0 39 -23 8.4 +1.5
IQLT iShares Edge MSCI Intl Quality Factor ETF 27.8 30 -14 6.1 -0.9
SCHE Schwab Emerging Markets Equity ETF 27.8 11 5 7.9 +0.9
EFV iShares MSCI EAFE Value ETF 27.8 39 -23 9.8 +2.9
VWO Vanguard FTSE Emerging Markets ETF 27.6 10 6 8.0 +1.0
IMTM iShares Edge MSCI Intl Momentum Factor ETF 27.5 30 -14 4.5 -2.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 27.4 68 -52 7.0 +0.1
IQIN IQ 500 International ETF 27.3 25 -9 8.8 +1.8
IGRO iShares International Dividend Growth ETF 27.3 22 -6 8.5 +1.5
FLAX Franklin FTSE Asia Ex Japan ETF 27.2 19 -3 7.7 +0.7
TPIF Timothy Plan International ETF 27.1 62 -46 6.4 -0.6
ESGE iShares ESG MSCI EM ETF 27.0 25 -9 8.5 +1.6
JHEM John Hancock Multifactor Emerging Markets ETF 26.6 49 -33 8.7 +1.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 26.2 30 -14 7.6 +0.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 25.4 45 -29 7.5 +0.6
PBEE Invesco PureBeta FTSE Emerging Markets ETF 25.3 15 1 8.4 +1.5
NUDM Nuveen ESG International Developed Markets Equity ETF 25.3 40 -24 6.9 -0.1
EEMA iShares MSCI Emerging Markets Asia ETF 25.3 50 -34 7.7 +0.7
SPEM SPDR Portfolio Emerging Markets ETF 24.7 11 5 7.7 +0.8
VPL Vanguard FTSE Pacific ETF 24.2 8 8 7.4 +0.4
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 24.0 24 -8 7.0 +0.0
RBIN Nationwide Risk-Based International Equity ETF 23.4 42 -26 6.1 -0.8
PQIN PGIM QMA Strategic Alpha International Equity ETF 23.2 29 -13 7.9 +1.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 22.8 32 -16 5.7 -1.3
VIGI Vanguard International Dividend Appreciation ETF 22.5 20 -4 5.6 -1.4
IPAC iShares Core MSCI Pacific ETF 22.2 9 7 7.2 +0.2
RNDM Developed International Equity Select ETF 22.2 65 -49 6.3 -0.7
NUEM Nuveen ESG Emerging Markets Equity ETF 21.9 45 -29 6.8 -0.2
EFAV iShares Edge MSCI Min Vol EAFE ETF 21.7 20 -4 5.4 -1.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 21.7 59 -43 11.1 +4.1
QINT American Century Quality Diversified International ETF 21.6 39 -23 6.2 -0.7
IDMO Invesco S&P International Developed Momentum ETF 21.5 26 -10 4.1 -2.9
LOWC SPDR MSCI ACWI Low Carbon Target ETF 21.2 20 -4 6.0 -1.0
ACWI iShares MSCI ACWI ETF 20.9 32 -16 5.7 -1.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 20.9 20 -4 6.0 -1.0
BKEM BNY Mellon Emerging Markets Equity ETF 20.4 11 5 8.3 +1.3
VGFO Virtus WMC Global Factor Opportunities ETF 20.2 49 -33 8.2 +1.3
AVEM Avantis Emerging Markets Equity ETF 20.2 33 -17 8.8 +1.9
IDLB Invesco FTSE International Low Beta Equal Weight ETF 20.1 45 -29 6.6 -0.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 19.9 30 -14 8.8 +1.8
ESGG FlexShares STOXX Global ESG Impact Index Fund 19.1 42 -26 5.2 -1.8
SCID Global X Scientific Beta Europe ETF 19.1 39 -23 0.0 -7.0

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

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
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 12.0 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 16 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.57
 
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.