Xtrackers MSCI Europe Hedged Equity ETF
ALTAR
Score™
6.5% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
22.0x P/Sales
ratio
1.4x
P/BV
ratio
1.6x Div.
yield
2.9%


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

FUND BASICS
Category International Equities
Fund Sponsor Deutsche Bank AG
Website www.DBXUS.com
Inception date Oct 01, 2013
Assets (mns) $482
Currency USD
Expense ratio 45 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 437
Wgt avg mkt cap (mns) $76,388
Large cap (>$10bn) 90.0%
Mid cap ($2-10bn) 9.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NESTLE SA-REG 3.9 %
ROCHE HOLDING AG-GENUSSCHEIN 2.7 %
NOVARTIS AG-REG 2.0 %
SAP AG 1.9 %
ASML HOLDING NV 1.8 %
ASTRAZENECA PLC 1.6 %
LVMH MOET HENNESSY LOUIS VUI 1.4 %
SANOFI-AVENTIS 1.3 %
NOVO NORDISK A/S-B 1.3 %
SIEMENS AG-REG 1.2 %
Total 18.9 %

TOP COUNTRY EXPOSURE
BRITAIN 20.6 %
SWITZERLAND 16.2 %
FRANCE 15.6 %
GERMANY 14.4 %
NETHERLANDS 7.4 %
SWEDEN 4.7 %
DENMARK 3.7 %
SPAIN 3.4 %
ITALY 3.2 %
FINLAND 1.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.2% -5.9% 3.4% -- 5.1%

Market Correlations
versus... Beta R-squared
S&P500 0.73 73%
MSCI EAFE 0.86 86%
MSCI Emg. Mkts. 0.56 59%

Technical Indicators
Recent close $28.21
30d moving avg. $27.94
Annualized volatility 14.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 88
Turnover 0.5%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $34,146

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Xtrackers MSCI Europe Hedged Equity ETF ETF based on the alternatives' overlap in portfolio holdings with DBEU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DBEU Expense: 45 bp ALTAR Score™: 6.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DBEU
Ticker Fund
Name
Overlap1
vs DBEU
(%)
Expense
ratio
(bp)
Savings
vs DBEU
(bp)
ALTAR
Score™
(%)
ALTAR
vs DBEU
(%)
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 93.2 30 15 6.9 +0.4
FLEE Franklin FTSE Europe ETF 91.8 9 36 6.9 +0.4
FLEH Franklin FTSE Europe Hedged ETF 91.1 9 36 7.0 +0.5
BBEU JPMorgan BetaBuilders Europe ETF 89.9 9 36 7.2 +0.7
IEV iShares Europe ETF 89.9 59 -14 6.7 +0.2
IEUR iShares Core MSCI Europe ETF 85.7 9 36 7.1 +0.7
FEU SPDR Portfolio Europe ETF 82.1 9 36 7.2 +0.7
VGK Vanguard FTSE Europe ETF 81.1 8 37 7.3 +0.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 71.3 25 20 6.4 -0.1
EFA iShares MSCI EAFE ETF 61.9 32 13 6.9 +0.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 61.8 20 25 7.0 +0.5
IQSI IQ Candriam ESG International Equity ETF 60.3 15 30 7.2 +0.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 60.2 35 10 6.7 +0.3
ESGD iShares MSCI EAFE ESG Optimized ETF 56.9 20 25 6.8 +0.4
GSID Goldman Sachs MarketBeta International Equity ETF 56.7 20 25 7.2 +0.7
HFXI IQ 50 Percent Hedged FTSE International ETF 56.3 20 25 7.3 +0.8
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 54.9 7 38 7.4 +1.0
BKIE BNY Mellon International Equity ETF 53.7 4 41 7.2 +0.8
QEFA SPDR MSCI EAFE Quality Mix ETF 53.1 30 15 6.8 +0.3
IEFA iShares Core MSCI EAFE ETF 52.9 7 38 7.2 +0.7
JHMD John Hancock Multifactor Developed International ETF 51.0 39 6 7.3 +0.9
SCHF Schwab International Equity ETF 50.5 6 39 7.2 +0.8
DOL WisdomTree International LargeCap Dividend Fund 50.0 48 -3 8.5 +2.0
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 49.3 45 0 6.6 +0.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 49.2 45 0 8.7 +2.2
EZU iShares MSCI Eurozone ETF 48.8 49 -4 6.5 0.0
EFG iShares MSCI EAFE Growth ETF 48.5 40 5 4.5 -2.0
EFV iShares MSCI EAFE Value ETF 48.2 39 6 9.4 +3.0
IDEV iShares Core MSCI International Developed Markets ETF 48.1 5 40 7.1 +0.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 47.6 35 10 8.4 +1.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 47.3 14 31 6.9 +0.4
DWM WisdomTree International Equity Fund 47.3 48 -3 8.2 +1.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 46.9 25 20 6.5 -0.0
EURZ Xtrackers Eurozone Equity ETF 46.8 9 36 6.9 +0.4
SPDW SPDR Portfolio Developed World ex-US ETF 45.1 4 41 7.0 +0.5
FNDF Schwab Fundamental International Large Co. Index ETF 44.7 25 20 8.6 +2.1
VEA Vanguard FTSE Developed Markets ETF 43.6 5 40 7.3 +0.8
PDEV Principal International Multi-Factor Core Index ETF 43.2 25 20 7.7 +1.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 42.7 35 10 6.8 +0.3
OEUR O'shares FTSE Europe Quality Dividend ETF 42.2 48 -3 6.6 +0.1
SCID Global X Scientific Beta Europe ETF 41.6 39 6 6.3 -0.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 40.5 39 6 6.4 -0.1
ACWX iShares MSCI ACWI ex U.S. ETF 39.6 32 13 7.1 +0.7
CWI SPDR MSCI ACWI ex-US ETF 39.5 30 15 7.1 +0.6
IDY Pacific Global International Equity Income ETF 39.4 39 6 7.9 +1.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 39.0 30 15 6.0 -0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 38.9 40 5 6.9 +0.4
EUMV iShares Edge MSCI Min Vol Europe ETF 38.5 25 20 5.0 -1.5
ISDX Invesco Strategic Developed ex-US ETF 37.3 23 22 7.2 +0.7
IQIN IQ 500 International ETF 37.2 25 20 8.6 +2.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 37.0 16 29 6.8 +0.3
IMTM iShares Edge MSCI Intl Momentum Factor ETF 36.7 30 15 4.3 -2.2
VEU Vanguard FTSE All-World ex-US Index Fund 36.4 8 37 7.4 +1.0
CIL VictoryShares International Volatility Weighted Index ETF 36.3 45 0 6.5 +0.1
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 36.2 45 0 6.5 +0.1
ISZE iShares Edge MSCI Intl Size Factor ETF 35.2 30 15 7.2 +0.8
VYMI Vanguard International High Dividend Yield ETF 34.7 32 13 9.9 +3.4
IXUS ishares Core MSCI Total International Stock ETF 34.3 9 36 7.3 +0.8
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 34.0 30 15 0.0 -6.5
RFEU First Trust Riverfront Dynamic Europe ETF 33.4 83 -38 5.2 -1.3
VXUS Vanguard Total International Stock Index Fund 32.8 8 37 7.4 +0.9
RNDM Developed International Equity Select ETF 32.4 65 -20 6.2 -0.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 32.2 39 6 8.2 +1.7
RFDI First Trust Riverfront Dynamic Developed International ETF 31.5 83 -38 5.6 -0.9
VSGX Vanguard ESG International Stock ETF 29.9 17 28 7.0 +0.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 29.5 58 -13 6.0 -0.5
FEZ SPDR EURO STOXX 50 ETF 28.9 29 16 7.0 +0.5
FDEV Fidelity Targeted International Factor ETF 28.8 39 6 6.5 0.0
IDMO Invesco S&P International Developed Momentum ETF 28.6 26 19 4.4 -2.0
NUDM Nuveen ESG International Developed Markets Equity ETF 28.6 40 5 6.7 +0.2
DTH WisdomTree DEFA Equity Income Fund 28.4 58 -13 9.6 +3.1
IGRO iShares International Dividend Growth ETF 28.4 22 23 7.8 +1.4
PQIN PGIM QMA Strategic Alpha International Equity ETF 28.3 29 16 7.6 +1.1
VGFO Virtus WMC Global Factor Opportunities ETF 27.8 49 -4 7.8 +1.3
RBIN Nationwide Risk-Based International Equity ETF 27.8 42 3 6.1 -0.4
FIVA Fidelity International Value Factor ETF 27.7 39 6 9.8 +3.3
QINT American Century Quality Diversified International ETF 27.3 39 6 5.6 -0.9
EFAV iShares Edge MSCI Min Vol EAFE ETF 27.1 20 25 5.4 -1.1
TPIF Timothy Plan International ETF 26.8 62 -17 6.2 -0.3
VIGI Vanguard International Dividend Appreciation ETF 26.6 25 20 5.5 -1.0
AVDE Avantis International Equity ETF 26.6 23 22 7.7 +1.2
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 26.5 24 21 7.0 +0.6
IDHQ Invesco S&P International Developed Quality ETF 26.2 29 16 5.0 -1.5
IVLU iShares Edge MSCI Intl Value Factor ETF 25.6 30 15 11.3 +4.9
ESGG FlexShares STOXX Global ESG Impact Index Fund 23.2 42 3 5.2 -1.3
IOO iShares Global 100 ETF 22.3 40 5 4.6 -1.9
JPIN JPMorgan Diversified Return International Equity ETF 22.3 37 8 7.8 +1.3
HEDJ WisdomTree Europe Hedged Equity Fund 22.2 58 -13 6.8 +0.3
DOO WisdomTree International Dividend ex-Financials Fund 22.1 58 -13 8.6 +2.2
FLGB Franklin FTSE United Kingdom ETF 21.3 9 36 7.6 +1.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 21.3 32 13 6.3 -0.2
EWU iShares MSCI United Kingdom ETF 21.0 50 -5 7.1 +0.7
QGBR SPDR MSCI UK StrategicFactors ETF 20.9 14 31 7.7 +1.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 20.9 29 16 8.5 +2.0
FEP First Trust Europe AlphaDEX Fund 20.6 80 -35 7.3 +0.8
TOK iShares MSCI Kokusai ETF 20.5 25 20 5.3 -1.1
QWLD SPDR MSCI World StrategicFactors ETF 20.3 30 15 6.0 -0.5
IDLB Invesco FTSE International Low Beta Equal Weight ETF 20.1 45 0 7.0 +0.5

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%.

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

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.9 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.59
 
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.