Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF
ALTAR
Score™
9.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
14.7x P/Sales
ratio
2.9x
P/BV
ratio
0.9x Div.
yield
4.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Xtrackers MSCI AC Asia Pacific ex Japan Hedged Equity Fund is an exchange-traded fund incorporated in the USA. The ETF seeks to track the performance of the MSCI AC Asia Pacific ex Japan USD Hedged Index

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Deutsche Bank AG
Website www.DBXUS.com
Inception date Oct 01, 2013
Assets (mns) $266
Currency USD
Expense ratio 10 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 539
Wgt avg mkt cap (mns) $9,053
Large cap (>$10bn) 33.3%
Mid cap ($2-10bn) 47.6%
Small cap (<$2bn) 15.3%
Developed mkts 87.7%
Emerging mkts 11.6%

TOP TEN HOLDINGS
DEUTSCHE ANNINGTON IMMOBILIE 3.8 %
MITSUBISHI ESTATE CO LTD 2.3 %
GOODMAN GROUP 2.3 %
SUN HUNG KAI PROPERTIES 2.1 %
MITSUI FUDOSAN CO LTD 1.9 %
LINK REIT 1.8 %
DEUTSCHE WOHNEN AG 1.8 %
SUMITOMO REALTY & DEVELOPMNT 1.6 %
SEGRO PLC 1.6 %
CK ASSET HOLDINGS LIMITED 1.4 %
Total 20.6 %

TOP COUNTRY EXPOSURE
JAPAN 18.5 %
HONG KONG 12.8 %
AUSTRALIA 8.6 %
GERMANY 7.5 %
SINGAPORE 6.3 %
BRITAIN 5.3 %
CANADA 3.6 %
SWEDEN 3.2 %
PHILIPPINES 2.2 %
SWITZERLAND 1.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.9% -9.1% 4.6% -- 2.9%

Market Correlations
versus... Beta R-squared
S&P500 0.81 64%
MSCI EAFE 0.97 78%
MSCI Emg. Mkts. 0.74 71%

Technical Indicators
Recent close $23.94
30d moving avg. $24.25
Annualized volatility 17.7%
Short interest (ETF) 0.3%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 46
Turnover 0.4%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $255

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: DBAP Expense: 10 bp ALTAR Score™: 9.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DBAP
Ticker Fund
Name
Overlap1
vs DBAP
(%)
Expense
ratio
(bp)
Savings
vs DBAP
(bp)
ALTAR
Score™
(%)
ALTAR
vs DBAP
(%)
VNQI Vanguard Global ex-US Real Estate Index Fund 68.9 12 -2 10.2 +1.0
WPS iShares International Developed Property ETF 68.9 48 -38 7.7 -1.4
IFGL iShares International Developed Real Estate ETF 63.0 48 -38 7.6 -1.6
DRW WisdomTree Global ex-US Real Estate Fund 51.9 58 -48 10.9 +1.8
RWX SPDR Dow Jones International Real Estate ETF 47.1 59 -49 6.7 -2.5
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 41.1 60 -50 7.2 -1.9
RWO SPDR Dow Jones Global Real Estate ETF 36.7 50 -40 7.1 -2.1
REET iShares Global REIT ETF 28.7 14 -4 7.4 -1.7
GQRE FlexShares Global Quality Real Estate Index Fund 23.9 45 -35 6.5 -2.6
IFEU iShares Europe Development Real Estate ETF 23.7 48 -38 6.8 -2.4
SCIX Global X Scientific Beta Asia ex-Japan ETF 13.1 38 -28 6.8 -2.4
EPP iShares MSCI Pacific ex-Japan ETF 11.4 48 -38 6.6 -2.6
DWX SPDR S&P International Dividend ETF 10.2 45 -35 7.7 -1.4
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 9.9 19 -9 6.9 -2.3
FLHK Franklin FTSE Hong Kong ETF 9.6 9 1 8.2 -0.9
EWH iShares MSCI Hong Kong ETF 9.1 49 -39 7.0 -2.1
SCZ iShares MSCI Eafe Small-Cap ETF 8.8 40 -30 6.9 -2.2
IEUS iShares MSCI Europe Small-Cap ETF 8.4 40 -30 7.6 -1.5
UIVM VictoryShares USAA MSCI International Value Momentum ETF 7.9 35 -25 8.5 -0.6
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 7.9 24 -14 6.9 -2.2
SCHC Schwab International Small-Cap Equity ETF 7.9 11 -1 6.6 -2.6
SCID Global X Scientific Beta Europe ETF 7.7 39 -29 6.5 -2.7
IDLB Invesco FTSE International Low Beta Equal Weight ETF 7.2 45 -35 7.0 -2.2
ZHOK SPDR Solactive Hong Kong ETF 7.0 14 -4 6.9 -2.2
FLAU Franklin FTSE Australia ETF 6.8 9 1 6.7 -2.5
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 6.7 11 -1 6.6 -2.6
EWA iShares MSCI Australia ETF 6.6 50 -40 6.2 -3.0
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 6.4 30 -20 8.6 -0.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 6.4 29 -19 7.5 -1.7
ISZE iShares Edge MSCI Intl Size Factor ETF 6.2 30 -20 7.1 -2.0
RNDM Developed International Equity Select ETF 6.2 65 -55 6.3 -2.9
IPAC iShares Core MSCI Pacific ETF 6.2 9 1 7.0 -2.1
OEUR O'shares FTSE Europe Quality Dividend ETF 6.2 48 -38 6.7 -2.4
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 6.1 80 -70 7.6 -1.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 6.1 80 -70 6.5 -2.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 6.0 49 -39 6.3 -2.9
FDT First Trust Developed Markets ex-US Alphadex Fund 5.5 80 -70 7.3 -1.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 5.4 29 -19 7.6 -1.5
EWJE iShares MSCI Japan Equal Weighted ETF 5.4 15 -5 7.0 -2.2
FLGR Franklin FTSE Germany ETF 5.3 9 1 7.1 -2.1
SCIJ Global X Scientific Beta Japan ETF 5.2 40 -30 6.8 -2.4
EWG iShares MSCI Germany ETF 5.1 49 -39 6.8 -2.4
GWX SPDR S&P International Small Cap ETF 4.9 40 -30 6.3 -2.8
DBGR Xtrackers MSCI Germany Hedged Equity ETF 4.9 45 -35 6.8 -2.3
FEUZ First Trust Eurozone AlphaDEX ETF 4.9 80 -70 7.5 -1.6
WWJD Inspire International ESG ETF 4.9 80 -70 7.3 -1.8
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 4.9 40 -30 8.4 -0.7
SCJ iShares MSCI Japan Small-Cap ETF 4.8 49 -39 6.0 -3.2
DIM WisdomTree International MidCap Dividend Fund 4.7 58 -48 7.6 -1.6
EWJV iShares MSCI Japan Value ETF 4.7 15 -5 10.0 +0.9
FNDC Schwab Fundamental International Small Co. Index ETF 4.6 39 -29 7.0 -2.2
FEP First Trust Europe AlphaDEX Fund 4.5 80 -70 7.3 -1.8
QDEU SPDR MSCI Germany Quality Mix ETF 4.5 14 -4 7.3 -1.8
DAX Global X DAX Germany ETF 4.5 21 -11 7.3 -1.8
FAUS First Trust Australia AlphaDEX Fund 4.3 80 -70 6.0 -3.2
FDEV Fidelity Targeted International Factor ETF 4.3 39 -29 6.4 -2.8
TPIF Timothy Plan International ETF 4.3 62 -52 6.2 -2.9
SMEZ SPDR EURO STOXX Small Cap ETF 4.3 45 -35 6.1 -3.0
VPL Vanguard FTSE Pacific ETF 4.2 8 2 7.4 -1.7
CHIR Global X MSCI China Real Estate ETF 4.2 65 -55 18.7 +9.6
EFV iShares MSCI EAFE Value ETF 4.1 39 -29 9.7 +0.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.0 60 -50 9.2 +0.1
IEFA iShares Core MSCI EAFE ETF 3.9 7 3 7.2 -1.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 3.8 39 -29 6.5 -2.7
IGRO iShares International Dividend Growth ETF 3.8 22 -12 8.0 -1.1
SDG iShares Sustainable MSCI Global Impact ETF 3.8 49 -39 6.3 -2.8
FID First Trust S&P International Dividend Aristocrats ETF 3.8 60 -50 10.0 +0.9
WDIV SPDR Global Dividend ETF 3.8 40 -30 9.9 +0.7
JPIN JPMorgan Diversified Return International Equity ETF 3.8 37 -27 7.8 -1.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 3.7 39 -29 8.3 -0.9
EWS iShares MSCI Singapore ETF 3.6 50 -40 8.7 -0.4
EWX SPDR S&P Emerging Markets Small Cap ETF 3.6 65 -55 6.2 -2.9
EFAV iShares Edge MSCI Min Vol EAFE ETF 3.6 20 -10 5.4 -3.7
INTF iShares Edge MSCI Multifactor Intl ETF 3.5 30 -20 7.7 -1.4
IDLV Invesco S&P International Developed Low Volatility ETF 3.5 25 -15 6.6 -2.6
MVIN Natixis Seeyond International Minimum Volatility ETF 3.5 56 -46 5.5 -3.6
IDEV iShares Core MSCI International Developed Markets ETF 3.5 5 5 7.2 -2.0
VSGX Vanguard ESG International Stock ETF 3.4 17 -7 7.1 -2.0
FLAX Franklin FTSE Asia Ex Japan ETF 3.4 19 -9 7.9 -1.3
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.4 50 -40 6.1 -3.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 3.3 69 -59 7.9 -1.2
BBJP JPMorgan BetaBuilders Japan ETF 3.3 19 -9 7.2 -2.0
SPDW SPDR Portfolio Developed World ex-US ETF 3.3 4 6 7.1 -2.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 3.3 20 -10 9.7 +0.6
DDLS WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund 3.3 43 -33 8.4 -0.7
EDIV SPDR S&P Emerging Markets Dividend ETF 3.3 49 -39 12.1 +3.0
EWUS iShares MSCI United Kingdom Small Cap ETF 3.3 59 -49 8.5 -0.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 3.2 20 -10 7.0 -2.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 3.2 68 -58 7.2 -1.9
LVIN Hartford Multifactor Low Volatility International Equity ETF 3.1 29 -19 11.4 +2.3
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 3.1 45 -35 6.6 -2.5
CIL VictoryShares International Volatility Weighted Index ETF 3.1 45 -35 6.6 -2.5
EWJ iShares MSCI Japan ETF 3.1 49 -39 6.9 -2.3
DLS WisdomTree International SmallCap Dividend Fund 3.1 58 -48 8.3 -0.9
VEA Vanguard FTSE Developed Markets ETF 3.1 5 5 7.3 -1.8
DBJP Xtrackers MSCI Japan Hedged Equity ETF 3.0 45 -35 6.9 -2.2
GSID Goldman Sachs MarketBeta International Equity ETF 3.0 20 -10 7.3 -1.9
FGM First Trust Germany AlphaDEX Fund 3.0 80 -70 6.0 -3.2
IXUS ishares Core MSCI Total International Stock ETF 3.0 9 1 7.4 -1.8

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 Asia Pacific ex Japan Hedged Equity ETF
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 7.7 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 10 bp
Equals: ALTAR Score 9.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.44
 
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.