Xtrackers MSCI Germany Hedged Equity ETF
ALTAR
Score™
8.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
17.1x P/Sales
ratio
0.8x
P/BV
ratio
1.3x Div.
yield
3.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Xtrackers MSCI Germany Hedged Equity Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the MSCI Germany USD Hedged Index. The Fund was previously called the The Xtrackers MSCI Canada Hedged ETF until a ticker, name and strategy change effective 5/31/13.

FUND BASICS
Category International Equities
Fund Sponsor Deutsche Bank AG
Website www.DBXUS.com
Inception date Jun 09, 2011
Assets (mns) $15
Currency USD
Expense ratio 45 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 61
Wgt avg mkt cap (mns) $49,298
Large cap (>$10bn) 91.6%
Mid cap ($2-10bn) 8.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SAP AG 10.4 %
SIEMENS AG-REG 7.2 %
ALLIANZ SE-REG 6.5 %
BAYER AG 5.7 %
DEUTSCHE TELEKOM AG 4.5 %
BASF SE 4.2 %
ADIDAS AG 3.9 %
DEUTSCHE BOERSE AG 2.9 %
DAIMLER AG-REGISTERED SHARES 2.8 %
MUENCHENER RUECKVER AG-REG 2.8 %
Total 50.8 %

TOP COUNTRY EXPOSURE
GERMANY 93.4 %
NETHERLANDS 0.9 %
LUXEMBOURG 0.6 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-16.9% -11.1% 0.2% -- 4.6%

Market Correlations
versus... Beta R-squared
S&P500 0.94 78%
MSCI EAFE 1.04 82%
MSCI Emg. Mkts. 0.73 63%

Technical Indicators
Recent close $24.44
30d moving avg. $23.34
Annualized volatility 17.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.3%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $5,990

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: DBGR Expense: 45 bp ALTAR Score™: 8.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DBGR
Ticker Fund
Name
Overlap1
vs DBGR
(%)
Expense
ratio
(bp)
Savings
vs DBGR
(bp)
ALTAR
Score™
(%)
ALTAR
vs DBGR
(%)
EWG iShares MSCI Germany ETF 93.9 49 -4 8.2 -0.1
FLGR Franklin FTSE Germany ETF 91.1 9 36 8.3 +0.0
QDEU SPDR MSCI Germany Quality Mix ETF 88.4 14 31 8.5 +0.3
DAX Global X DAX Germany ETF 77.6 20 25 8.9 +0.7
DXGE WisdomTree Germany Hedged Equity Fund 62.2 48 -3 10.2 +2.0
FEZ SPDR EURO STOXX 50 ETF 28.7 29 16 8.2 +0.0
EZU iShares MSCI Eurozone ETF 27.5 49 -4 7.7 -0.5
FGM First Trust Germany AlphaDEX Fund 27.0 80 -35 7.9 -0.3
EURZ Xtrackers Eurozone Equity ETF 26.6 9 36 8.1 -0.2
HEDJ WisdomTree Europe Hedged Equity Fund 26.4 58 -13 7.9 -0.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 24.4 45 0 7.6 -0.6
EUFN iShares MSCI Europe Financials ETF 14.6 48 -3 13.9 +5.7
FEUZ First Trust Eurozone AlphaDEX ETF 14.3 80 -35 8.8 +0.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 13.3 45 0 7.4 -0.9
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 13.3 30 15 7.6 -0.7
IEV iShares Europe ETF 13.3 59 -14 7.6 -0.6
FLEE Franklin FTSE Europe ETF 13.1 9 36 7.8 -0.5
FLEH Franklin FTSE Europe Hedged ETF 12.8 9 36 7.8 -0.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 12.4 25 20 7.4 -0.8
IEUR iShares Core MSCI Europe ETF 11.9 9 36 8.1 -0.1
VGK Vanguard FTSE Europe ETF 11.8 8 37 8.2 -0.1
IQIN IQ 500 International ETF 11.6 25 20 10.5 +2.3
FEU SPDR Portfolio Europe ETF 11.6 9 36 8.1 -0.2
IDRV iShares Self-driving EV & Tech ETF 11.6 47 -2 7.6 -0.6
BBEU JPMorgan BetaBuilders Europe ETF 11.5 9 36 8.1 -0.2
EUMV iShares Edge MSCI Min Vol Europe ETF 11.1 25 20 6.0 -2.3
DTH WisdomTree DEFA Equity Income Fund 10.7 58 -13 10.8 +2.6
EKAR Innovation Shares NextGen Vehicles & Technology ETF 10.6 65 -20 9.9 +1.7
IGRO iShares International Dividend Growth ETF 10.5 22 23 9.0 +0.8
FTAG First Trust Indxx Global Agriculture ETF 10.3 70 -25 7.3 -0.9
JPEU JPMorgan Diversified Return Europe Equity ETF 10.2 37 8 7.6 -0.7
EFV iShares MSCI EAFE Value ETF 10.0 39 6 11.5 +3.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 9.8 20 25 10.4 +2.1
DOL WisdomTree International LargeCap Dividend Fund 9.8 48 -3 9.4 +1.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 9.5 45 0 10.2 +2.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 9.2 70 -25 6.4 -1.9
JHMD John Hancock Multifactor Developed International ETF 9.2 45 0 8.3 +0.1
FEP First Trust Europe AlphaDEX Fund 9.0 80 -35 9.0 +0.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 8.8 20 25 8.0 -0.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 8.5 14 31 7.7 -0.5
MOTI VanEck Vectors Morningstar International Moat ETF 8.5 57 -12 9.4 +1.1
SCID Global X Scientific Beta Europe ETF 8.4 38 7 7.8 -0.5
EFA iShares MSCI EAFE ETF 8.4 32 13 8.0 -0.2
FNDF Schwab Fundamental International Large Co. Index ETF 8.4 25 20 9.9 +1.7
DOO WisdomTree International Dividend ex-Financials Fund 8.3 58 -13 9.7 +1.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 8.3 29 16 8.9 +0.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 8.3 35 10 7.8 -0.4
NUDM Nuveen ESG International Developed Markets Equity ETF 8.3 40 5 7.6 -0.6
FDD First Trust Stoxx European Select Dividend Index Fund 8.3 57 -12 14.1 +5.9
OEUR O'shares FTSE Europe Quality Dividend ETF 8.1 48 -3 7.1 -1.1
DWM WisdomTree International Equity Fund 7.9 48 -3 9.2 +1.0
HFXI IQ 50 Percent Hedged FTSE International ETF 7.9 20 25 8.4 +0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 7.9 35 10 9.5 +1.2
IVLU iShares Edge MSCI Intl Value Factor ETF 7.8 30 15 12.8 +4.5
FIVA Fidelity International Value Factor ETF 7.7 39 6 11.7 +3.4
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 7.7 20 25 12.1 +3.9
CARZ First Trust NASDAQ Global Auto Index Fund 7.7 70 -25 18.1 +9.9
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 7.7 7 38 8.5 +0.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 7.6 58 -13 6.7 -1.5
IQSI IQ Candriam ESG International Equity ETF 7.5 15 30 8.1 -0.1
VYMI Vanguard International High Dividend Yield ETF 7.4 32 13 11.4 +3.2
IDY Pacific Global International Equity Income ETF 7.3 39 6 9.8 +1.6
ESGD iShares MSCI EAFE ESG Optimized ETF 7.2 20 25 8.0 -0.2
IEFA iShares Core MSCI EAFE ETF 7.2 7 38 8.1 -0.1
PDEV Principal International Multi-Factor Core Index ETF 7.2 25 20 8.8 +0.6
RFEU First Trust Riverfront Dynamic Europe ETF 7.1 83 -38 5.5 -2.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 7.1 25 20 7.5 -0.7
EFG iShares MSCI EAFE Growth ETF 7.1 40 5 5.1 -3.1
SCHF Schwab International Equity ETF 7.0 6 39 8.2 0.0
ISDX Invesco Strategic Developed ex-US ETF 6.7 23 22 8.5 +0.2
MVIN Natixis Seeyond International Minimum Volatility ETF 6.6 55 -10 6.1 -2.1
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 6.6 48 -3 0.0 -8.2
FIDI Fidelity International High Dividend ETF 6.6 39 6 12.5 +4.3
VEA Vanguard FTSE Developed Markets ETF 6.1 5 40 8.3 +0.1
SPDW SPDR Portfolio Developed World ex-US ETF 6.1 4 41 8.1 -0.2
IDEV iShares Core MSCI International Developed Markets ETF 6.0 5 40 8.1 -0.1
FAN First Trust Global Wind Energy ETF 5.8 60 -15 7.0 -1.3
IMTM iShares Edge MSCI Intl Momentum Factor ETF 5.8 30 15 5.2 -3.0
RNDM Developed International Equity Select ETF 5.7 65 -20 7.0 -1.2
MOTO SmartETFs Smart Transportation & Technology ETF 5.7 68 -23 8.9 +0.7
MOO VanEck Vectors Agribusiness ETF 5.7 54 -9 6.3 -2.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 5.6 32 13 6.9 -1.3
ISZE iShares Edge MSCI Intl Size Factor ETF 5.6 30 15 7.8 -0.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 5.6 16 29 7.8 -0.4
ACWX iShares MSCI ACWI ex U.S. ETF 5.5 32 13 8.3 +0.1
QEFA SPDR MSCI EAFE Quality Mix ETF 5.5 30 15 7.4 -0.8
ESGN Columbia Sustainable International Equity Income ETF 5.4 45 0 12.6 +4.3
IDHQ Invesco S&P International Developed High Quality ETF 5.4 29 16 5.8 -2.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.4 40 5 8.1 -0.1
GCOW Pacer Global High Dividend ETF 5.4 60 -15 11.7 +3.5
UIVM VictoryShares USAA MSCI International Value Momentum ETF 5.4 35 10 9.6 +1.4
IQDG WisdomTree International Quality Dividend Growth Fund 5.4 38 7 6.9 -1.3
CWI SPDR MSCI ACWI ex-US ETF 5.4 30 15 8.4 +0.2
DWMF WisdomTree International Multifactor Fund 5.3 38 7 7.4 -0.8
VEU Vanguard FTSE All-World ex-US Index Fund 5.2 8 37 8.6 +0.4
CIL VictoryShares International Volatility Weighted Index ETF 5.2 45 0 7.5 -0.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 5.1 58 -13 6.8 -1.4
TPIF Timothy Plan International ETF 5.1 62 -17 7.8 -0.4
RBIN Nationwide Risk-Based International Equity ETF 5.1 42 3 6.9 -1.3

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 Germany 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 10.8 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 8.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.58
 
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.