Xtrackers MSCI Emerging Markets Hedged Equity ETF
ALTAR
Score™
7.4% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
17.0x P/Sales
ratio
1.3x
P/BV
ratio
1.7x Div.
yield
2.4%


  • 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) $107
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 1238
Wgt avg mkt cap (mns) $166,714
Large cap (>$10bn) 73.9%
Mid cap ($2-10bn) 22.1%
Small cap (<$2bn) 1.4%
Developed mkts 9.4%
Emerging mkts 87.8%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 8.6 %
TENCENT HOLDINGS LTD 6.2 %
TAIWAN SEMICONDUCTOR MANUFAC 5.8 %
SAMSUNG ELECTRONICS CO LTD 3.8 %
MEITUAN DIANPING 1.8 %
NASPERS LTD-N SHS 1.2 %
RELIANCE INDS-SPONS GDR 144A 1.2 %
JD.COM INC-ADR 1.0 %
CHINA CONSTRUCTION BANK-H 1.0 %
PING AN INSURANCE GROUP CO-H 1.0 %
Total 31.6 %

TOP COUNTRY EXPOSURE
CHINA 38.0 %
TAIWAN 12.6 %
SOUTH KOREA 11.9 %
INDIA 8.1 %
BRAZIL 4.6 %
HONG KONG 4.0 %
SOUTH AFRICA 3.4 %
SAUDI ARABIA 2.8 %
RUSSIA 2.5 %
MALAYSIA 1.7 %

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.
2.7% 13.5% 7.7% -- 2.3%

Market Correlations
versus... Beta R-squared
S&P500 0.75 70%
MSCI EAFE 0.88 80%
MSCI Emg. Mkts. 0.76 94%

Technical Indicators
Recent close $25.14
30d moving avg. $24.52
Annualized volatility 15.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 12
Turnover 0.3%
Bid/Ask (% of price) 0.64%
ADV underlying (mns) $70,452

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 7.4%


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 93.8 68 -3 7.3 -0.1
IEMG iShares Core MSCI Emerging Markets ETF 85.2 13 52 7.8 +0.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 83.9 36 29 7.2 -0.2
SCHE Schwab Emerging Markets Equity ETF 78.5 11 54 7.8 +0.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 76.7 68 -3 7.0 -0.4
FLAX Franklin FTSE Asia Ex Japan ETF 74.9 19 46 7.6 +0.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 74.2 30 35 7.6 +0.2
EEMA iShares MSCI Emerging Markets Asia ETF 73.6 50 15 7.6 +0.3
VWO Vanguard FTSE Emerging Markets ETF 72.3 10 55 7.9 +0.5
PBEE Invesco PureBeta FTSE Emerging Markets ETF 71.3 15 50 8.3 +1.0
JHEM John Hancock Multifactor Emerging Markets ETF 66.4 49 16 8.7 +1.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 65.8 45 20 7.5 +0.1
BKEM BNY Mellon Emerging Markets Equity ETF 65.4 11 54 8.2 +0.8
SPEM SPDR Portfolio Emerging Markets ETF 64.6 11 54 7.7 +0.3
ESGE iShares ESG MSCI EM ETF 63.7 25 40 8.5 +1.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 63.4 32 33 5.6 -1.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 54.3 59 6 11.0 +3.6
GMF SPDR S&P Emerging Asia Pacific ETF 54.2 49 16 7.0 -0.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 53.5 20 45 6.7 -0.7
BKF iShares MSCI BRIC ETF 53.2 69 -4 7.3 -0.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 51.1 30 35 8.7 +1.3
DVEM WisdomTree Emerging Markets Dividend Fund 48.2 32 33 7.2 -0.2
AVEM Avantis Emerging Markets Equity ETF 47.9 33 32 8.7 +1.4
EMXC iShares MSCI Emerging Markets ex China ETF 46.6 25 40 8.1 +0.7
PXH Invesco FTSE RAFI Emerging Markets ETF 44.7 50 15 13.3 +5.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 43.7 49 16 7.9 +0.5
EEMO Invesco S&P Emerging Markets Momentum ETF 42.0 29 36 4.0 -3.4
MCHI iShares MSCI China ETF 41.9 59 6 7.6 +0.2
GXC SPDR S&P China ETF 40.9 59 6 7.6 +0.3
FLCH Franklin FTSE China ETF 40.8 19 46 8.1 +0.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 40.6 49 16 7.7 +0.3
NUEM Nuveen ESG Emerging Markets Equity ETF 40.3 45 20 6.7 -0.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 40.0 40 25 7.2 -0.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 37.6 95 -30 8.0 +0.6
CN Xtrackers MSCI All China Equity ETF 37.1 50 15 7.9 +0.5
KALL KraneShares FTSE Emerging Markets Plus ETF 36.6 49 16 7.8 +0.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 36.0 39 26 13.4 +6.0
FDEM Fidelity Targeted Emerging Markets Factor ETF 35.7 45 20 8.5 +1.1
ISEM Invesco Strategic Emerging Markets ETF 35.5 35 30 10.8 +3.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 31.9 32 33 8.9 +1.5
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 30.3 16 49 6.9 -0.5
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 30.1 25 40 7.9 +0.5
CHIL Global X MSCI China Large-Cap 50 ETF 29.4 29 36 7.4 +0.0
VSGX Vanguard ESG International Stock ETF 29.4 17 48 7.0 -0.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 29.2 40 25 7.1 -0.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 29.2 32 33 11.3 +3.9
AIA iShares Asia 50 ETF 29.1 50 15 7.8 +0.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 28.4 44 21 9.1 +1.7
EMMF WisdomTree Emerging Markets Multifactor Fund 27.7 48 17 9.5 +2.2
ACWX iShares MSCI ACWI ex U.S. ETF 27.2 32 33 7.2 -0.2
VYMI Vanguard International High Dividend Yield ETF 26.5 27 38 10.2 +2.8
IXUS ishares Core MSCI Total International Stock ETF 25.6 9 56 7.3 -0.1
ROAM Hartford Multifactor Emerging Markets ETF 25.6 44 21 13.0 +5.6
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 24.8 45 20 9.0 +1.7
VEU Vanguard FTSE All-World ex-US Index Fund 24.3 8 57 7.5 +0.1
XCEM Columbia EM Core ex-China ETF 23.9 16 49 7.1 -0.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 23.1 86 -21 2.1 -5.3
RNEM Emerging Markets Equity Select ETF 22.7 75 -10 11.8 +4.4
VXUS Vanguard Total International Stock Index Fund 22.3 8 57 7.5 +0.1
CWI SPDR MSCI ACWI ex-US ETF 22.2 30 35 7.2 -0.2
FDNI First Trust Dow Jones International Internet ETF 21.9 65 0 2.0 -5.4
ECON Columbia Emerging Markets Consumer ETF 21.6 59 6 4.9 -2.5
BICK First Trust BICK Index Fund 21.6 64 1 4.7 -2.7
KWEB KraneShares CSI China Internet ETF 21.0 76 -11 2.0 -5.4
TTTN UP Fintech China-U.S. Internet Titans ETF 19.0 59 6 4.2 -3.1
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 18.5 45 20 14.3 +7.0
FXI iShares China Large-Cap ETF 16.3 74 -9 13.1 +5.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 16.1 29 36 10.1 +2.7
CHIQ Global X China Consumer ETF 15.8 65 0 6.6 -0.7
PIE Invesco DWA Emerging Markets Momentum ETF 15.0 90 -25 4.9 -2.5
OGIG O'Shares Global Internet Giants ETF 14.2 48 17 0.5 -6.9
FRDM Freedom 100 Emerging Markets ETF 14.1 49 16 6.5 -0.9
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 13.9 18 47 4.8 -2.6
FNI First Trust Chindia ETF 13.8 60 5 2.4 -5.0
PEK VanEck Vectors ChinaAMC CSI 300 ETF 13.8 60 5 3.8 -3.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 13.6 20 45 11.6 +4.2
DINT Davis Select International ETF 13.1 68 -3 5.7 -1.7
VIGI Vanguard International Dividend Appreciation ETF 13.0 20 45 5.5 -1.9
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 13.0 50 15 10.3 +2.9
PGJ Invesco Golden Dragon China ETF 12.9 70 -5 3.3 -4.1
EWT iShares MSCI Taiwan ETF 12.5 59 6 6.1 -1.3
WUGI Esoterica NextG Economy ETF 12.4 75 -10 1.5 -5.9
FLTW Franklin FTSE Taiwan ETF 12.4 19 46 6.2 -1.2
AIQ Global X Future Analytics Tech ETF 12.2 68 -3 4.0 -3.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 12.0 20 45 5.9 -1.5
GBUY Goldman Sachs Motif New Age Consumer ETF 12.0 50 15 1.7 -5.7
FLKR Franklin FTSE South Korea ETF 11.8 9 56 8.7 +1.3
LOWC SPDR MSCI ACWI Low Carbon Target ETF 11.6 20 45 5.9 -1.5
PNQI Invesco NASDAQ Internet ETF 11.6 60 5 0.9 -6.4
ACWI iShares MSCI ACWI ETF 11.5 32 33 5.7 -1.7
EWY iShares MSCI South Korea ETF 11.4 59 6 8.3 +0.9
DWLD Davis Select Worldwide ETF 11.4 63 2 6.3 -1.1
VPL Vanguard FTSE Pacific ETF 10.7 8 57 7.3 -0.1
DEM WisdomTree Emerging Markets High Dividend Fund 10.7 63 2 15.1 +7.7
JOYY Infusive Compounding Global Equities ETF 10.7 50 15 3.6 -3.8
BUYZ Franklin Disruptive Commerce ETF 10.3 50 15 -0.2 -7.6
EMFM Global X MSCI Next Emerging & Frontier ETF 10.2 66 -1 9.0 +1.6
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 10.1 60 5 4.4 -3.0

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 Emerging Markets Hedged Equity ETF
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 12.5 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.36 CATEGORY
AVERAGE
1.51
 
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.