Xtrackers MSCI Eurozone Hedged Equity ETF
ALTAR
Score™
6.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
24.0x P/Sales
ratio
1.1x
P/BV
ratio
1.4x Div.
yield
2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Xtrackers MSCI EMU Hedged Equity ETF is an exchange-traded fund incorporated in the USA. The Fund uses a passive strategy to track the MSCI EMU IMI USD Index. The Index is designed to provide exposure to the countries in the European Monetary Union, while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and the local currencies.

FUND BASICS
Category International Equities
Fund Sponsor Deutsche Bank AG
Website www.etfus.deutscheawm.com
Inception date Dec 10, 2014
Assets (mns) $17
Currency USD
Expense ratio 45 bp
Distributions Semi-Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 663
Wgt avg mkt cap (mns) $55,735
Large cap (>$10bn) 81.8%
Mid cap ($2-10bn) 14.0%
Small cap (<$2bn) 2.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SAP AG 3.3 %
ASML HOLDING NV 3.1 %
LVMH MOET HENNESSY LOUIS VUI 2.4 %
SANOFI-AVENTIS 2.3 %
SIEMENS AG-REG 2.1 %
TOTAL SA 1.9 %
ALLIANZ SE-REG 1.7 %
UNILEVER NV 1.7 %
L'OREAL 1.6 %
IBERDROLA SA 1.6 %
Total 21.6 %

TOP COUNTRY EXPOSURE
FRANCE 28.4 %
GERMANY 27.3 %
NETHERLANDS 14.0 %
ITALY 6.8 %
SPAIN 6.7 %
FINLAND 3.5 %
BELGIUM 3.1 %
IRELAND 2.1 %
AUSTRIA 0.8 %
LUXEMBOURG 0.7 %

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.
-13.0% -4.7% 2.8% -- 2.7%

Market Correlations
versus... Beta R-squared
S&P500 0.88 75%
MSCI EAFE 1.04 88%
MSCI Emg. Mkts. 0.69 64%

Technical Indicators
Recent close $30.26
30d moving avg. $29.90
Annualized volatility 17.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $20,719

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: DBEZ Expense: 45 bp ALTAR Score™: 6.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DBEZ
Ticker Fund
Name
Overlap1
vs DBEZ
(%)
Expense
ratio
(bp)
Savings
vs DBEZ
(bp)
ALTAR
Score™
(%)
ALTAR
vs DBEZ
(%)
EZU iShares MSCI Eurozone ETF 86.0 49 -4 6.5 -0.1
EURZ Xtrackers Eurozone Equity ETF 84.5 9 36 6.9 +0.3
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 51.2 30 15 6.9 +0.3
FEZ SPDR EURO STOXX 50 ETF 50.8 29 16 7.0 +0.4
FLEE Franklin FTSE Europe ETF 49.4 9 36 6.9 +0.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 49.3 45 0 6.5 -0.1
IEV iShares Europe ETF 49.0 59 -14 6.7 +0.1
FLEH Franklin FTSE Europe Hedged ETF 48.9 9 36 7.0 +0.4
IEUR iShares Core MSCI Europe ETF 48.3 9 36 7.1 +0.5
BBEU JPMorgan BetaBuilders Europe ETF 46.8 9 36 7.2 +0.6
FEU SPDR Portfolio Europe ETF 46.4 9 36 7.2 +0.6
VGK Vanguard FTSE Europe ETF 45.3 8 37 7.3 +0.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 42.8 25 20 6.4 -0.2
HEDJ WisdomTree Europe Hedged Equity Fund 39.2 58 -13 6.8 +0.2
EFV iShares MSCI EAFE Value ETF 34.4 39 6 9.4 +2.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 32.0 20 25 7.0 +0.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 32.0 14 31 6.9 +0.3
EFA iShares MSCI EAFE ETF 31.9 32 13 6.9 +0.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 31.7 45 0 8.7 +2.1
IQSI IQ Candriam ESG International Equity ETF 31.4 15 30 7.2 +0.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 31.2 35 10 6.7 +0.1
ESGD iShares MSCI EAFE ESG Optimized ETF 30.6 20 25 6.8 +0.2
DOL WisdomTree International LargeCap Dividend Fund 30.0 48 -3 8.5 +1.9
IQIN IQ 500 International ETF 30.0 25 20 8.6 +2.0
IEFA iShares Core MSCI EAFE ETF 30.0 7 38 7.2 +0.6
SCID Global X Scientific Beta Europe ETF 29.9 39 6 6.3 -0.2
JHMD John Hancock Multifactor Developed International ETF 29.8 39 6 7.3 +0.7
EFG iShares MSCI EAFE Growth ETF 29.5 40 5 4.5 -2.1
OEUR O'shares FTSE Europe Quality Dividend ETF 29.5 48 -3 6.6 -0.0
FLFR Franklin FTSE France ETF 29.4 9 36 6.7 +0.1
HFXI IQ 50 Percent Hedged FTSE International ETF 29.4 20 25 7.3 +0.7
EWQ iShares MSCI France ETF 29.3 50 -5 6.2 -0.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 29.3 7 38 7.4 +0.8
GSID Goldman Sachs MarketBeta International Equity ETF 28.3 20 25 7.2 +0.6
FNDF Schwab Fundamental International Large Co. Index ETF 28.2 25 20 8.6 +2.0
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 28.0 35 10 6.8 +0.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 27.7 25 20 6.5 -0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 27.7 35 10 8.4 +1.8
DWM WisdomTree International Equity Fund 27.3 48 -3 8.2 +1.6
IMTM iShares Edge MSCI Intl Momentum Factor ETF 27.1 30 15 4.3 -2.3
BKIE BNY Mellon International Equity ETF 26.9 4 41 7.2 +0.7
SCHF Schwab International Equity ETF 26.8 6 39 7.2 +0.6
FEUZ First Trust Eurozone AlphaDEX ETF 26.7 80 -35 7.3 +0.7
IDEV iShares Core MSCI International Developed Markets ETF 26.4 5 40 7.1 +0.5
EUMV iShares Edge MSCI Min Vol Europe ETF 26.2 25 20 5.0 -1.6
FLGR Franklin FTSE Germany ETF 25.9 9 36 7.1 +0.5
DTH WisdomTree DEFA Equity Income Fund 25.8 58 -13 9.6 +3.0
DBGR Xtrackers MSCI Germany Hedged Equity ETF 25.6 45 0 6.8 +0.2
QEFA SPDR MSCI EAFE Quality Mix ETF 25.5 30 15 6.8 +0.2
EWG iShares MSCI Germany ETF 25.3 49 -4 6.7 +0.2
PDEV Principal International Multi-Factor Core Index ETF 24.9 25 20 7.7 +1.2
ISDX Invesco Strategic Developed ex-US ETF 24.6 23 22 7.2 +0.6
SPDW SPDR Portfolio Developed World ex-US ETF 24.5 4 41 7.0 +0.4
EUDG WisdomTree Europe Quality Dividend Growth Fund 24.5 58 -13 6.0 -0.6
IDY Pacific Global International Equity Income ETF 24.4 39 6 7.9 +1.3
VEA Vanguard FTSE Developed Markets ETF 24.3 5 40 7.3 +0.7
IQLT iShares Edge MSCI Intl Quality Factor ETF 24.1 30 15 6.0 -0.6
IVLU iShares Edge MSCI Intl Value Factor ETF 23.4 30 15 11.3 +4.8
QDEU SPDR MSCI Germany Quality Mix ETF 23.3 14 31 7.3 +0.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 23.2 39 6 6.4 -0.2
ISZE iShares Edge MSCI Intl Size Factor ETF 23.1 30 15 7.2 +0.7
IGRO iShares International Dividend Growth ETF 23.1 22 23 7.8 +1.3
CIL VictoryShares International Volatility Weighted Index ETF 22.6 45 0 6.5 -0.1
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 22.4 45 0 6.5 -0.1
RNDM Developed International Equity Select ETF 21.8 65 -20 6.2 -0.4
AVDE Avantis International Equity ETF 21.2 23 22 7.7 +1.1
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 21.1 30 15 0.0 -6.6
PQIN PGIM QMA Strategic Alpha International Equity ETF 21.0 29 16 7.6 +1.0
DAX Global X DAX Germany ETF 21.0 21 24 7.4 +0.8
IDMO Invesco S&P International Developed Momentum ETF 20.8 26 19 4.4 -2.2
ACWX iShares MSCI ACWI ex U.S. ETF 20.4 32 13 7.1 +0.6
CWI SPDR MSCI ACWI ex-US ETF 20.3 30 15 7.1 +0.5
DXGE WisdomTree Germany Hedged Equity Fund 20.2 48 -3 8.5 +1.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 20.2 40 5 6.9 +0.3
RBIN Nationwide Risk-Based International Equity ETF 20.0 42 3 6.1 -0.5
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 19.7 16 29 6.8 +0.2
QINT American Century Quality Diversified International ETF 19.6 39 6 5.6 -1.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 19.5 39 6 8.2 +1.6
IXUS ishares Core MSCI Total International Stock ETF 19.5 9 36 7.3 +0.7
VEU Vanguard FTSE All-World ex-US Index Fund 19.2 8 37 7.4 +0.8
VYMI Vanguard International High Dividend Yield ETF 19.0 32 13 9.9 +3.3
NUDM Nuveen ESG International Developed Markets Equity ETF 18.8 40 5 6.7 +0.1
VXUS Vanguard Total International Stock Index Fund 18.4 8 37 7.4 +0.8
TPIF Timothy Plan International ETF 18.2 62 -17 6.2 -0.4
FEP First Trust Europe AlphaDEX Fund 17.9 80 -35 7.3 +0.7
RFEU First Trust Riverfront Dynamic Europe ETF 17.8 83 -38 5.2 -1.4
FIVA Fidelity International Value Factor ETF 17.6 39 6 9.8 +3.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 17.4 35 10 8.5 +1.9
VIGI Vanguard International Dividend Appreciation ETF 17.0 25 20 5.5 -1.1
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 16.8 24 21 7.0 +0.5
FDEV Fidelity Targeted International Factor ETF 16.5 39 6 6.5 -0.1
VSGX Vanguard ESG International Stock ETF 15.8 17 28 7.0 +0.4
VGFO Virtus WMC Global Factor Opportunities ETF 15.8 49 -4 7.8 +1.2
RFDI First Trust Riverfront Dynamic Developed International ETF 15.7 83 -38 5.6 -1.0
IQDG WisdomTree International Quality Dividend Growth Fund 15.7 38 7 6.3 -0.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 15.6 58 -13 6.1 -0.5
DOO WisdomTree International Dividend ex-Financials Fund 15.2 58 -13 8.6 +2.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 14.9 20 25 10.8 +4.3
IDHQ Invesco S&P International Developed Quality ETF 14.7 29 16 5.0 -1.6

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 Eurozone 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 9.8 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.