WisdomTree Asia Pacific ex-Japan Fund
ALTAR
Score™
9.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
13.2x P/Sales
ratio
1.2x
P/BV
ratio
1.1x Div.
yield
4.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree Asia Pacific ex-Japan Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Asia Pacific ex-Japan Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor WisdomTree ETFs/USA
Website www.wisdomtree.com
Inception date Jun 16, 2006
Assets (mns) $23
Currency USD
Expense ratio 48 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Dividend
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 213
Wgt avg mkt cap (mns) $93,306
Large cap (>$10bn) 86.9%
Mid cap ($2-10bn) 12.9%
Small cap (<$2bn) 0.0%
Developed mkts 50.8%
Emerging mkts 49.2%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 7.3 %
SAMSUNG ELECTRONICS CO LTD 6.7 %
CHINA MOBILE LIMITED 6.2 %
BHP BILLITON LTD 4.0 %
CNOOC LTD 3.1 %
HON HAI PRECISION INDUSTRY 2.1 %
CHINA CONSTRUCTION BANK-H 2.0 %
COMMONWEALTH BANK OF AUSTRAL 2.0 %
SINGAPORE TELECOMMUNICATIONS LIMIT 1.6 %
WESFARMERS LIMITED 1.6 %
Total 36.6 %

TOP COUNTRY EXPOSURE
HONG KONG 24.2 %
AUSTRALIA 22.8 %
TAIWAN 18.8 %
SOUTH KOREA 11.8 %
CHINA 11.0 %
SINGAPORE 5.5 %
INDIA 4.5 %
THAILAND 1.9 %
MALAYSIA 1.8 %
INDONESIA 1.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-17.6% -14.6% 0.5% 4.2% 4.7%

Market Correlations
versus... Beta R-squared
S&P500 0.80 72%
MSCI EAFE 0.92 83%
MSCI Emg. Mkts. 0.77 91%

Technical Indicators
Recent close $56.80
30d moving avg. $56.74
Annualized volatility 16.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.00%
ADV underlying (mns) $16,776

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the WisdomTree Asia Pacific ex-Japan Fund ETF based on the alternatives' overlap in portfolio holdings with AXJL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AXJL Expense: 48 bp ALTAR Score™: 9.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AXJL
Ticker Fund
Name
Overlap1
vs AXJL
(%)
Expense
ratio
(bp)
Savings
vs AXJL
(bp)
ALTAR
Score™
(%)
ALTAR
vs AXJL
(%)
AIA iShares Asia 50 ETF 39.4 50 -2 8.3 -1.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 38.9 68 -20 7.4 -2.4
FLAX Franklin FTSE Asia Ex Japan ETF 38.6 19 29 8.0 -1.7
EEMA iShares MSCI Emerging Markets Asia ETF 36.6 50 -2 7.9 -1.8
JHEM John Hancock Multifactor Emerging Markets ETF 35.9 49 -1 8.7 -1.0
EPP iShares MSCI Pacific ex-Japan ETF 35.3 48 0 6.6 -3.1
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 34.0 19 29 6.9 -2.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 32.5 49 -1 8.1 -1.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 32.1 39 9 13.0 +3.3
BKEM BNY Mellon Emerging Markets Equity ETF 31.9 11 37 8.7 -1.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 31.6 30 18 8.1 -1.6
PXH Invesco FTSE RAFI Emerging Markets ETF 30.9 50 -2 13.4 +3.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 30.2 65 -17 7.7 -2.0
EEM iShares MSCI Emerging Markets ETF 29.4 68 -20 7.7 -2.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 29.1 36 12 8.5 -1.2
EMXC iShares MSCI Emerging Markets ex China ETF 28.5 25 23 8.5 -1.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 27.2 30 18 9.0 -0.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 27.2 45 3 8.2 -1.5
IEMG iShares Core MSCI Emerging Markets ETF 26.9 13 35 8.2 -1.5
ESGE iShares ESG MSCI EM ETF 26.7 25 23 9.0 -0.7
XCEM Columbia EM Core ex-China ETF 25.7 16 32 7.4 -2.3
SCHE Schwab Emerging Markets Equity ETF 25.0 11 37 8.2 -1.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 24.8 20 28 7.1 -2.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 24.6 32 16 6.4 -3.3
GMF SPDR S&P Emerging Asia Pacific ETF 24.5 49 -1 7.6 -2.1
PBEE Invesco PureBeta FTSE Emerging Markets ETF 24.2 15 33 9.0 -0.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 23.9 49 -1 8.9 -0.8
EWA iShares MSCI Australia ETF 23.3 50 -2 6.2 -3.5
FLAU Franklin FTSE Australia ETF 23.2 9 39 6.7 -3.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 23.2 40 8 7.3 -2.4
SPEM SPDR Portfolio Emerging Markets ETF 22.7 11 37 8.1 -1.6
DEM WisdomTree Emerging Markets High Dividend Fund 22.5 63 -15 14.1 +4.4
VPL Vanguard FTSE Pacific ETF 22.2 8 40 7.8 -1.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 21.8 59 -11 11.4 +1.7
DVEM WisdomTree Emerging Markets Dividend Fund 21.7 32 16 8.5 -1.2
SCIX Global X Scientific Beta Asia ex-Japan ETF 21.5 38 10 6.8 -2.9
VWO Vanguard FTSE Emerging Markets ETF 21.3 10 38 8.4 -1.3
VYMI Vanguard International High Dividend Yield ETF 21.3 32 16 10.3 +0.5
FDEM Fidelity Targeted Emerging Markets Factor ETF 20.9 45 3 9.7 +0.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 20.0 44 4 9.1 -0.6
ROAM Hartford Multifactor Emerging Markets ETF 19.3 44 4 15.0 +5.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 19.2 20 28 11.1 +1.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 19.2 95 -47 9.6 -0.1
EEMO Invesco S&P Emerging Markets Momentum ETF 19.2 29 19 6.9 -2.8
FXI iShares China Large-Cap ETF 18.9 74 -26 13.0 +3.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 18.9 32 16 9.2 -0.5
FLTW Franklin FTSE Taiwan ETF 18.9 19 29 6.4 -3.3
EWT iShares MSCI Taiwan ETF 18.9 59 -11 6.0 -3.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 18.6 29 19 9.9 +0.2
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 18.5 25 23 7.8 -1.9
AVEM Avantis Emerging Markets Equity ETF 17.8 33 15 9.2 -0.5
RNEM Emerging Markets Equity Select ETF 17.5 75 -27 10.5 +0.8
IPAC iShares Core MSCI Pacific ETF 17.3 9 39 7.4 -2.3
NUEM Nuveen ESG Emerging Markets Equity ETF 17.2 45 3 7.6 -2.1
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 17.2 50 -2 10.4 +0.7
EMCG WisdomTree Emerging Markets Consumer Growth Fund 17.0 32 16 7.5 -2.2
ISEM Invesco Strategic Emerging Markets ETF 16.7 35 13 10.7 +1.0
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 16.7 64 -16 4.8 -4.9
EDIV SPDR S&P Emerging Markets Dividend ETF 16.6 49 -1 11.1 +1.4
FRDM Freedom 100 Emerging Markets ETF 16.3 49 -1 7.0 -2.7
DTH WisdomTree DEFA Equity Income Fund 15.7 58 -10 9.7 +0.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 15.6 40 8 7.1 -2.6
BKF iShares MSCI BRIC ETF 15.5 69 -21 7.7 -2.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 15.3 16 32 7.0 -2.7
MCHI iShares MSCI China ETF 15.1 59 -11 8.0 -1.7
DOL WisdomTree International LargeCap Dividend Fund 14.8 48 0 8.6 -1.1
ACWX iShares MSCI ACWI ex U.S. ETF 14.6 32 16 7.4 -2.3
GXC SPDR S&P China ETF 14.6 59 -11 8.3 -1.4
VSGX Vanguard ESG International Stock ETF 14.5 17 31 7.3 -2.4
FLCH Franklin FTSE China ETF 14.2 19 29 8.5 -1.2
VEU Vanguard FTSE All-World ex-US Index Fund 14.0 8 40 7.7 -2.0
VXUS Vanguard Total International Stock Index Fund 13.7 8 40 7.7 -2.0
IXUS ishares Core MSCI Total International Stock ETF 13.7 9 39 7.5 -2.2
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 13.5 83 -35 5.4 -4.3
CHIL Global X MSCI China Large-Cap 50 ETF 13.3 29 19 8.5 -1.2
KALL KraneShares FTSE Emerging Markets Plus ETF 13.3 49 -1 8.5 -1.2
CWI SPDR MSCI ACWI ex-US ETF 13.3 30 18 7.3 -2.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 13.2 35 13 8.5 -1.2
JPGE JPMorgan Diversified Return Global Equity ETF 13.0 29 19 7.5 -2.2
WCHN WisdomTree ICBCCS S&P China 500 Fund 12.9 55 -7 8.7 -1.1
CN Xtrackers MSCI All China Equity ETF 12.9 50 -2 8.3 -1.4
TPIF Timothy Plan International ETF 12.8 62 -14 6.4 -3.3
DWM WisdomTree International Equity Fund 12.7 48 0 8.3 -1.4
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 12.2 30 18 7.4 -2.3
FAUS First Trust Australia AlphaDEX Fund 12.2 80 -32 7.8 -2.0
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 12.2 80 -32 8.1 -1.6
IXG iShares Global Financials ETF 12.0 46 2 10.1 +0.4
EMMF WisdomTree Emerging Markets Multifactor Fund 12.0 48 0 9.8 +0.1
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 11.9 45 3 13.8 +4.1
CIL VictoryShares International Volatility Weighted Index ETF 11.8 45 3 6.8 -3.0
FLKR Franklin FTSE South Korea ETF 11.8 9 39 9.7 +0.0
EWY iShares MSCI South Korea ETF 11.8 59 -11 9.2 -0.5
BICK First Trust BICK Index Fund 11.6 64 -16 4.9 -4.8
JPIN JPMorgan Diversified Return International Equity ETF 11.6 37 11 8.1 -1.6
DVYA iShares Asia/Pacific Dividend ETF 11.5 49 -1 13.2 +3.5
HFXI IQ 50 Percent Hedged FTSE International ETF 11.2 20 28 7.5 -2.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 11.2 45 3 9.5 -0.3
IQDF FlexShares International Quality Dividend Index Fund 11.1 47 1 12.4 +2.7
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 10.9 45 3 10.0 +0.3

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:
WisdomTree Asia Pacific ex-Japan Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.1 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 9.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.45
 
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.