WisdomTree Asia Pacific ex-Japan Fund
ALTAR
Score™
11.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
10.6x P/Sales
ratio
1.1x
P/BV
ratio
1.0x Div.
yield
5.0%


  • 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) $21
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 214
Wgt avg mkt cap (mns) $80,235
Large cap (>$10bn) 83.7%
Mid cap ($2-10bn) 16.2%
Small cap (<$2bn) 0.0%
Developed mkts 50.9%
Emerging mkts 49.1%

TOP TEN HOLDINGS
CHINA MOBILE LIMITED 7.3 %
TAIWAN SEMICONDUCTOR MANUFAC 6.7 %
SAMSUNG ELECTRONICS CO LTD 6.4 %
CNOOC LTD 3.2 %
BHP BILLITON LTD 3.0 %
CHINA CONSTRUCTION BANK-H 2.1 %
SINGAPORE TELECOMMUNICATIONS LIMIT 1.7 %
HON HAI PRECISION INDUSTRY 1.7 %
COMMONWEALTH BANK OF AUSTRAL 1.6 %
CITIC PACIFIC LIMITED 1.4 %
Total 35.2 %

TOP COUNTRY EXPOSURE
HONG KONG 25.2 %
AUSTRALIA 19.3 %
TAIWAN 16.4 %
CHINA 12.1 %
SOUTH KOREA 11.0 %
SINGAPORE 5.2 %
INDIA 3.9 %
MALAYSIA 1.8 %
THAILAND 1.7 %
INDONESIA 1.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-23.2% -18.5% -1.2% 2.1% 4.3%

Market Correlations
versus... Beta R-squared
S&P500 0.85 71%
MSCI EAFE 0.94 84%
MSCI Emg. Mkts. 0.82 95%

Technical Indicators
Recent close $52.93
30d moving avg. $57.10
Annualized volatility 15.3%
Short interest (ETF) 0.3%
Relative strength (RSI) 35

Liquidity measures
Avg. volume (thou.) 4
Turnover 1.0%
Bid/Ask (% of price) 0.51%
ADV underlying (mns) $12,300

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 11.0%


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
(%)
AAXJ iShares MSCI All Country Asia ex Japan ETF 41.2 68 -20 9.4 -1.5
FLAX Franklin FTSE Asia Ex Japan ETF 40.6 19 29 10.1 -0.9
AIA iShares Asia 50 ETF 39.2 50 -2 10.1 -0.9
EEMA iShares MSCI Emerging Markets Asia ETF 38.1 50 -2 10.0 -0.9
JHEM John Hancock Multifactor Emerging Markets ETF 36.5 55 -7 10.7 -0.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 33.7 30 18 10.3 -0.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 32.8 39 9 15.1 +4.2
EPP iShares MSCI Pacific ex-Japan ETF 32.2 48 0 8.2 -2.8
EEM iShares MSCI Emerging Markets ETF 31.3 68 -20 10.0 -0.9
PXH Invesco FTSE RAFI Emerging Markets ETF 31.1 50 -2 15.9 +4.9
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 30.9 19 29 8.4 -2.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 30.7 65 -17 10.0 -1.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 30.1 49 -1 10.3 -0.7
IEMG iShares Core MSCI Emerging Markets ETF 28.9 14 34 10.5 -0.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 28.8 45 3 10.3 -0.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 27.8 30 18 10.8 -0.1
EMXC iShares MSCI Emerging Markets ex China ETF 27.7 49 -1 10.4 -0.6
SCHE Schwab Emerging Markets Equity ETF 26.5 13 35 10.4 -0.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 25.4 59 -11 13.2 +2.2
GMF SPDR S&P Emerging Asia Pacific ETF 25.4 49 -1 9.4 -1.5
PBEE Invesco PureBeta FTSE Emerging Markets ETF 25.1 14 34 11.5 +0.6
XCEM Columbia EM Core ex-China ETF 24.7 16 32 9.6 -1.3
ESGE iShares ESG MSCI EM ETF 24.6 25 23 11.5 +0.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 24.4 32 16 8.5 -2.5
SPEM SPDR Portfolio Emerging Markets ETF 23.8 11 37 10.2 -0.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 23.6 20 28 9.2 -1.8
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 23.0 40 8 9.1 -1.9
DEM WisdomTree Emerging Markets High Dividend Fund 22.7 63 -15 16.6 +5.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 22.5 95 -47 12.3 +1.4
DVEM WisdomTree Emerging Markets Dividend Fund 22.4 32 16 10.9 -0.0
VWO Vanguard FTSE Emerging Markets ETF 22.3 10 38 10.5 -0.5
FDEM Fidelity Targeted Emerging Markets Factor ETF 21.8 45 3 11.8 +0.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 21.1 45 3 10.6 -0.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 21.1 49 -1 11.6 +0.6
FXI iShares China Large-Cap ETF 20.9 74 -26 14.5 +3.5
VPL Vanguard FTSE Pacific ETF 20.3 8 40 9.8 -1.1
VYMI Vanguard International High Dividend Yield ETF 19.9 32 16 12.3 +1.3
ROAM Hartford Multifactor Emerging Markets ETF 19.5 44 4 17.9 +7.0
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 19.4 20 28 12.7 +1.7
FLAU Franklin FTSE Australia ETF 19.3 9 39 8.5 -2.5
EWA iShares MSCI Australia ETF 19.3 50 -2 8.0 -3.0
ISEM Invesco Strategic Emerging Markets ETF 19.3 35 13 11.9 +0.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 18.8 32 16 11.4 +0.4
SCIX Global X Scientific Beta Asia ex-Japan ETF 18.8 38 10 7.9 -3.1
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 18.3 25 23 9.8 -1.2
RNEM Emerging Markets Equity Select ETF 18.2 75 -27 11.6 +0.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 18.0 29 19 12.5 +1.5
AVEM Avantis Emerging Markets Equity ETF 17.9 33 15 11.7 +0.7
CEZ Victory CEMP Emerging Market Volatility Wtd Index ETF 17.5 50 -2 12.6 +1.7
MCHI iShares MSCI China ETF 17.4 59 -11 10.1 -0.8
BKF iShares MSCI BRIC ETF 17.3 69 -21 10.0 -0.9
NUEM Nuveen ESG Emerging Markets Equity ETF 17.0 45 3 9.3 -1.7
EDIV SPDR S&P Emerging Markets Dividend ETF 16.8 49 -1 13.4 +2.5
EMCG WisdomTree Emerging Markets Consumer Growth Fund 16.6 32 16 9.2 -1.7
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 16.5 16 32 8.7 -2.2
FLTW Franklin FTSE Taiwan ETF 16.4 19 29 8.1 -2.9
EWT iShares MSCI Taiwan ETF 16.4 59 -11 7.7 -3.3
GXC SPDR S&P China ETF 16.4 59 -11 10.0 -0.9
IPAC iShares Core MSCI Pacific ETF 16.3 9 39 9.4 -1.6
FLCH Franklin FTSE China ETF 16.2 19 29 10.3 -0.6
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 15.5 83 -35 8.9 -2.0
CHIL Global X MSCI China Large-Cap 50 ETF 15.5 29 19 10.5 -0.5
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 15.4 64 -16 7.8 -3.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 15.4 40 8 9.0 -1.9
VSGX Vanguard ESG International Stock ETF 14.8 17 31 9.1 -1.9
ACWX iShares MSCI ACWI ex U.S. ETF 14.8 32 16 9.4 -1.6
KALL KraneShares FTSE Emerging Markets Plus ETF 14.8 49 -1 10.0 -1.0
CN Xtrackers MSCI All China Equity ETF 14.8 50 -2 10.3 -0.7
FRDM Freedom 100 Emerging Markets ETF 14.7 49 -1 9.4 -1.6
LVHE Legg Mason Emerging Markets Low Volatility High Dividend ETF 14.1 51 -3 13.5 +2.6
WCHN WisdomTree ICBCCS S&P China 500 Fund 14.0 55 -7 9.7 -1.2
TPIF Timothy Plan International ETF 13.9 62 -14 8.8 -2.1
DTH WisdomTree DEFA Equity Income Fund 13.9 58 -10 12.3 +1.4
CWI SPDR MSCI ACWI ex-US ETF 13.7 30 18 9.3 -1.7
VEU Vanguard FTSE All-World ex-US Index Fund 13.7 8 40 9.6 -1.4
IXUS ishares Core MSCI Total International Stock ETF 13.7 9 39 9.5 -1.5
VXUS Vanguard Total International Stock Index Fund 13.6 8 40 9.6 -1.4
DOL WisdomTree International LargeCap Dividend Fund 13.1 48 0 10.8 -0.2
VIGI Vanguard International Dividend Appreciation ETF 13.1 25 23 7.1 -3.9
CIZ Victory CEMP Developed Enhanced Volatility Weighted Index ET 13.0 45 3 9.3 -1.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 12.9 80 -32 11.7 +0.7
CIL Victory CEMP International Volatility Weighted Index ETF 12.8 45 3 9.2 -1.8
BICK First Trust BICK Index Fund 12.5 64 -16 6.4 -4.6
EMMF WisdomTree Emerging Markets Multifactor Fund 12.5 48 0 11.9 +1.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 11.7 35 13 10.8 -0.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 11.7 45 3 11.9 +0.9
JPGE JPMorgan Diversified Return Global Equity ETF 11.5 29 19 9.2 -1.8
IXG iShares Global Financials ETF 11.5 46 2 12.5 +1.5
DWM WisdomTree International Equity Fund 11.4 48 0 10.6 -0.3
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 11.1 45 3 16.3 +5.3
HFXI IQ 50 Percent Hedged FTSE International ETF 11.1 20 28 9.3 -1.7
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 11.0 30 18 8.6 -2.4
ECON Columbia Emerging Markets Consumer ETF 11.0 59 -11 5.8 -5.2
FLKR Franklin FTSE South Korea ETF 11.0 9 39 12.5 +1.6
EWY iShares MSCI South Korea ETF 11.0 59 -11 11.9 +1.0
DOGS Arrow Dogs of the World ETF 10.8 134 -86 14.5 +3.5
FLHK Franklin FTSE Hong Kong ETF 10.8 9 39 9.5 -1.5
JPIN JPMorgan Diversified Return International Equity ETF 10.7 38 10 9.8 -1.1
IGRO iShares International Dividend Growth ETF 10.5 22 26 9.8 -1.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 10.4 7 41 9.5 -1.5

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.3 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 11.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 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.