Xtrackers MSCI Emerging Markets Hedged Equity ETF
ALTAR
Score™
8.3% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
14.6x P/Sales
ratio
1.2x
P/BV
ratio
1.4x Div.
yield
2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Xtrackers MSCI Emerging Markets Hedged Equity Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI EM US Dollar Hedged Net Index (the "Underlying Index").

FUND BASICS
Category US Equities
Fund Sponsor Deutsche Bank AG
Website www.DBXUS.com
Inception date Jun 09, 2011
Assets (mns) $96
Currency USD
Expense ratio 65 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon/The
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1265
Wgt avg mkt cap (mns) $113,789
Large cap (>$10bn) 71.3%
Mid cap ($2-10bn) 25.5%
Small cap (<$2bn) 2.4%
Developed mkts 8.2%
Emerging mkts 89.1%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 6.7 %
TENCENT HOLDINGS LTD 5.7 %
TAIWAN SEMICONDUCTOR MANUFAC 4.5 %
SAMSUNG ELECTRONICS CO LTD 3.6 %
CHINA CONSTRUCTION BANK-H 1.4 %
NASPERS LTD-N SHS 1.3 %
PING AN INSURANCE GROUP CO-H 1.0 %
RELIANCE INDS-SPONS GDR 144A 1.0 %
CHINA MOBILE LIMITED 0.8 %
IND & COMM BK OF CHINA - H 0.8 %
Total 26.8 %

TOP COUNTRY EXPOSURE
CHINA 32.7 %
TAIWAN 12.1 %
SOUTH KOREA 11.7 %
INDIA 7.8 %
BRAZIL 4.9 %
HONG KONG 4.7 %
SOUTH AFRICA 3.6 %
RUSSIA 3.4 %
SAUDI ARABIA 2.6 %
THAILAND 2.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-10.6% 0.8% 1.2% -- 0.8%

Market Correlations
versus... Beta R-squared
S&P500 0.76 71%
MSCI EAFE 0.88 82%
MSCI Emg. Mkts. 0.76 94%

Technical Indicators
Recent close $22.48
30d moving avg. $20.79
Annualized volatility 15.2%
Short interest (ETF) 1.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 24
Turnover 0.6%
Bid/Ask (% of price) 0.83%
ADV underlying (mns) $56,550

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Xtrackers MSCI Emerging Markets Hedged Equity ETF ETF based on the alternatives' overlap in portfolio holdings with DBEM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DBEM Expense: 65 bp ALTAR Score™: 8.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DBEM
Ticker Fund
Name
Overlap1
vs DBEM
(%)
Expense
ratio
(bp)
Savings
vs DBEM
(bp)
ALTAR
Score™
(%)
ALTAR
vs DBEM
(%)
EEM iShares MSCI Emerging Markets ETF 91.9 68 -3 8.1 -0.1
IEMG iShares Core MSCI Emerging Markets ETF 84.2 14 51 8.6 +0.3
SCHE Schwab Emerging Markets Equity ETF 74.8 13 52 8.5 +0.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 72.8 68 -3 7.8 -0.4
EEMA iShares MSCI Emerging Markets Asia ETF 71.8 50 15 8.3 +0.1
VWO Vanguard FTSE Emerging Markets ETF 71.3 10 55 8.7 +0.5
FLAX Franklin FTSE Asia Ex Japan ETF 70.4 19 46 8.4 +0.1
PBEE Invesco PureBeta FTSE Emerging Markets ETF 68.7 14 51 9.4 +1.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 68.6 30 35 8.7 +0.4
JHEM John Hancock Multifactor Emerging Markets ETF 66.0 55 10 8.7 +0.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 64.0 45 20 8.6 +0.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 60.4 32 33 6.7 -1.6
SPEM SPDR Portfolio Emerging Markets ETF 59.7 11 54 8.5 +0.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 56.6 59 6 10.9 +2.6
ESGE iShares ESG MSCI EM ETF 53.1 25 40 9.5 +1.3
GMF SPDR S&P Emerging Asia Pacific ETF 51.8 49 16 7.9 -0.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 50.6 30 35 9.2 +1.0
BKF iShares MSCI BRIC ETF 50.3 69 -4 8.3 +0.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 48.7 20 45 7.6 -0.7
EMXC iShares MSCI Emerging Markets ex China ETF 48.6 49 16 8.2 -0.0
AVEM Avantis Emerging Markets Equity ETF 46.2 33 32 9.4 +1.2
DVEM WisdomTree Emerging Markets Dividend Fund 44.4 32 33 8.9 +0.7
PXH Invesco FTSE RAFI Emerging Markets ETF 43.9 50 15 13.5 +5.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 42.3 49 16 8.1 -0.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 41.6 49 16 8.8 +0.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 38.7 39 26 12.9 +4.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 38.5 95 -30 10.0 +1.7
MCHI iShares MSCI China ETF 37.4 59 6 9.0 +0.7
GXC SPDR S&P China ETF 36.4 59 6 8.8 +0.6
FLCH Franklin FTSE China ETF 35.8 19 46 9.1 +0.9
ISEM Invesco Strategic Emerging Markets ETF 35.7 35 30 10.2 +1.9
NUEM Nuveen ESG Emerging Markets Equity ETF 34.6 45 20 7.7 -0.5
CN Xtrackers MSCI All China Equity ETF 33.6 50 15 9.3 +1.0
KALL KraneShares FTSE Emerging Markets Plus ETF 33.5 49 16 9.0 +0.8
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 33.1 40 25 7.8 -0.5
WCHN WisdomTree ICBCCS S&P China 500 Fund 33.0 55 10 9.2 +0.9
EMCG WisdomTree Emerging Markets Consumer Growth Fund 32.5 32 33 7.9 -0.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 31.2 32 33 9.4 +1.1
AXJL WisdomTree Asia Pacific ex-Japan Fund 30.6 48 17 10.0 +1.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 30.5 45 20 8.8 +0.6
FDEM Fidelity Targeted Emerging Markets Factor ETF 28.1 45 20 9.6 +1.4
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 28.0 50 15 9.7 +1.5
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 27.3 25 40 8.4 +0.1
ROAM Hartford Multifactor Emerging Markets ETF 26.6 44 21 14.7 +6.4
AIA iShares Asia 50 ETF 26.5 50 15 8.8 +0.6
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 26.4 64 1 5.2 -3.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 25.9 16 49 7.1 -1.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 25.7 40 25 7.3 -0.9
CHIL Global X MSCI China Large-Cap 50 ETF 25.5 29 36 9.4 +1.2
RNEM Emerging Markets Equity Select ETF 25.5 75 -10 10.3 +2.1
EEMO Invesco S&P Emerging Markets Momentum ETF 24.8 30 35 7.1 -1.2
ACWX iShares MSCI ACWI ex U.S. ETF 24.5 32 33 7.5 -0.8
CXSE WisdomTree China ex-State-Owned Enterprises Fund 23.6 32 33 6.9 -1.4
EMMF WisdomTree Emerging Markets Multifactor Fund 23.1 48 17 9.7 +1.4
IXUS ishares Core MSCI Total International Stock ETF 23.0 9 56 7.5 -0.7
VSGX Vanguard ESG International Stock ETF 22.4 17 48 7.3 -0.9
VEU Vanguard FTSE All-World ex-US Index Fund 21.4 8 57 7.7 -0.6
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 21.4 45 20 9.9 +1.6
VXUS Vanguard Total International Stock Index Fund 21.3 8 57 7.7 -0.6
BICK First Trust BICK Index Fund 20.6 64 1 4.4 -3.9
VYMI Vanguard International High Dividend Yield ETF 20.5 32 33 10.1 +1.8
XCEM Columbia EM Core ex-China ETF 20.5 16 49 7.7 -0.6
CWI SPDR MSCI ACWI ex-US ETF 19.6 30 35 7.6 -0.7
ECON Columbia Emerging Markets Consumer ETF 19.0 59 6 4.8 -3.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 18.7 29 36 9.8 +1.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 18.2 86 -21 2.3 -6.0
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 17.7 45 20 13.2 +5.0
FDNI First Trust Dow Jones International Internet ETF 17.5 65 0 2.8 -5.4
KWEB KraneShares CSI China Internet ETF 16.2 76 -11 3.4 -4.9
FXI iShares China Large-Cap ETF 15.7 74 -9 13.3 +5.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 15.2 20 45 10.8 +2.6
TTTN UP Fintech China-U.S. Internet Titans ETF 15.0 59 6 5.0 -3.2
VIGI Vanguard International Dividend Appreciation ETF 15.0 25 40 5.9 -2.4
PIE Invesco DWA Emerging Markets Momentum ETF 14.7 90 -25 5.7 -2.6
JOYY Infusive Compounding Global Equities ETF 14.4 50 15 3.9 -4.4
DEM WisdomTree Emerging Markets High Dividend Fund 14.4 63 2 13.8 +5.6
FRDM Freedom 100 Emerging Markets ETF 14.2 49 16 7.2 -1.1
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 12.5 80 -15 1.7 -6.6
EWT iShares MSCI Taiwan ETF 12.1 59 6 6.3 -1.9
DOGS Arrow Dogs of the World ETF 11.9 134 -69 11.5 +3.3
FLTW Franklin FTSE Taiwan ETF 11.7 19 46 6.6 -1.6
FNI First Trust Chindia ETF 11.7 59 6 3.4 -4.9
FLKR Franklin FTSE South Korea ETF 11.6 9 56 9.5 +1.2
EWY iShares MSCI South Korea ETF 11.2 59 6 8.9 +0.6
OGIG O'Shares Global Internet Giants ETF 11.2 48 17 0.5 -7.7
EMFM Global X MSCI Next Emerging & Frontier ETF 11.2 55 10 8.6 +0.3
CHIQ Global X China Consumer ETF 10.9 65 0 9.1 +0.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 10.9 60 5 8.3 +0.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 10.8 20 45 6.3 -2.0
PGJ Invesco Golden Dragon China ETF 10.7 70 -5 3.4 -4.9
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 10.6 18 47 6.0 -2.2
LOWC SPDR MSCI ACWI Low Carbon Target ETF 10.5 20 45 6.3 -1.9
ACWF iShares FactorSelect MSCI Global ETF 10.4 35 30 8.1 -0.2
DINT Davis Select International ETF 10.4 75 -10 5.8 -2.4
ACWI iShares MSCI ACWI ETF 10.3 32 33 6.0 -2.3
VPL Vanguard FTSE Pacific ETF 10.2 8 57 7.7 -0.5
AIQ Global X Future Analytics Tech ETF 9.9 68 -3 4.1 -4.1
GENY Principal Millennials Index ETF 9.8 45 20 3.9 -4.3
EDIV SPDR S&P Emerging Markets Dividend ETF 9.7 49 16 11.3 +3.0
FEM First Trust Emerging Markets AlphaDEX Fund 9.7 80 -15 11.5 +3.2

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

  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 Emerging Markets Hedged Equity ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.3 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 8.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 CATEGORY
AVERAGE
1.53
 
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.