Xtrackers MSCI Germany Hedged Equity ETF
ALTAR
Score™
7.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
22.9x P/Sales
ratio
0.9x
P/BV
ratio
1.5x Div.
yield
2.6%


  • 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) $16
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 63
Wgt avg mkt cap (mns) $63,595
Large cap (>$10bn) 92.8%
Mid cap ($2-10bn) 6.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SAP AG 12.0 %
SIEMENS AG-REG 7.5 %
ALLIANZ SE-REG 5.9 %
ADIDAS AG 4.7 %
BAYER AG 4.7 %
DEUTSCHE TELEKOM AG 4.2 %
BASF SE 4.0 %
DEUTSCHE POST AG-REG 3.3 %
DAIMLER AG-REGISTERED SHARES 3.3 %
MUENCHENER RUECKVER AG-REG 2.7 %
Total 52.5 %

TOP COUNTRY EXPOSURE
GERMANY 95.7 %
NETHERLANDS 0.9 %
LUXEMBOURG 0.4 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.9% 9.5% 5.9% -- 6.9%

Market Correlations
versus... Beta R-squared
S&P500 0.94 75%
MSCI EAFE 1.09 85%
MSCI Emg. Mkts. 0.72 59%

Technical Indicators
Recent close $27.11
30d moving avg. $27.90
Annualized volatility 18.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $3,144

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 7.0%


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 96.1 49 -4 6.9 -0.0
FLGR Franklin FTSE Germany ETF 94.6 9 36 7.3 +0.3
QDEU SPDR MSCI Germany Quality Mix ETF 88.2 14 31 7.5 +0.6
DAX Global X DAX Germany ETF 78.7 21 24 7.5 +0.6
DXGE WisdomTree Germany Hedged Equity Fund 62.3 48 -3 8.7 +1.8
FEZ SPDR EURO STOXX 50 ETF 30.5 29 16 7.4 +0.4
EZU iShares MSCI Eurozone ETF 29.7 49 -4 6.8 -0.2
EURZ Xtrackers Eurozone Equity ETF 28.6 9 36 7.2 +0.3
FGM First Trust Germany AlphaDEX Fund 28.3 80 -35 6.1 -0.8
HEDJ WisdomTree Europe Hedged Equity Fund 27.2 58 -13 6.8 -0.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 25.8 45 0 6.8 -0.1
FEUZ First Trust Eurozone AlphaDEX ETF 15.7 80 -35 7.6 +0.7
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 15.0 30 15 0.0 -7.0
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 14.9 25 20 6.5 -0.4
IEV iShares Europe ETF 14.9 59 -14 7.0 +0.0
FLEE Franklin FTSE Europe ETF 14.8 9 36 7.1 +0.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 14.6 45 0 6.7 -0.3
FLEH Franklin FTSE Europe Hedged ETF 13.9 9 36 7.3 +0.3
VGK Vanguard FTSE Europe ETF 13.7 8 37 7.5 +0.6
IEUR iShares Core MSCI Europe ETF 13.5 9 36 7.3 +0.4
EUFN iShares MSCI Europe Financials ETF 13.3 48 -3 13.4 +6.4
FEU SPDR Portfolio Europe ETF 12.8 9 36 7.4 +0.5
IQIN IQ 500 International ETF 12.7 25 20 8.8 +1.9
DTH WisdomTree DEFA Equity Income Fund 12.7 58 -13 10.1 +3.1
BBEU JPMorgan BetaBuilders Europe ETF 12.4 9 36 7.5 +0.5
EFV iShares MSCI EAFE Value ETF 12.2 39 6 9.9 +2.9
IDRV iShares Self-driving EV & Tech ETF 11.3 47 -2 7.0 +0.1
DOL WisdomTree International LargeCap Dividend Fund 11.0 48 -3 8.8 +1.9
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 10.9 20 25 9.9 +3.0
FIVA Fidelity International Value Factor ETF 10.8 39 6 9.9 +2.9
IGRO iShares International Dividend Growth ETF 10.8 22 23 8.1 +1.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 10.6 45 0 9.1 +2.1
FDD First Trust Stoxx European Select Dividend Index Fund 10.2 58 -13 12.1 +5.2
EKAR Innovation Shares NextGen Vehicles & Technology ETF 10.0 95 -50 7.3 +0.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 9.9 20 25 7.1 +0.1
DOO WisdomTree International Dividend ex-Financials Fund 9.8 58 -13 9.0 +2.0
JHMD John Hancock Multifactor Developed International ETF 9.8 39 6 7.5 +0.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 9.6 58 -13 6.0 -1.0
FEP First Trust Europe AlphaDEX Fund 9.6 80 -35 7.4 +0.5
NUDM Nuveen ESG International Developed Markets Equity ETF 9.6 40 5 6.8 -0.2
MOTI VanEck Vectors Morningstar International Moat ETF 9.5 57 -12 8.8 +1.8
EFA iShares MSCI EAFE ETF 9.4 32 13 7.1 +0.1
OEUR O'shares FTSE Europe Quality Dividend ETF 9.3 48 -3 6.8 -0.2
FTAG First Trust Indxx Global Agriculture ETF 9.2 70 -25 6.1 -0.8
MVIN Natixis Seeyond International Minimum Volatility ETF 9.1 56 -11 5.6 -1.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 9.1 35 10 6.9 -0.1
FNDF Schwab Fundamental International Large Co. Index ETF 9.0 25 20 8.9 +2.0
DWM WisdomTree International Equity Fund 9.0 48 -3 8.4 +1.5
SCID Global X Scientific Beta Europe ETF 9.0 39 6 6.5 -0.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 8.9 35 10 8.7 +1.8
HFXI IQ 50 Percent Hedged FTSE International ETF 8.7 20 25 7.5 +0.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 8.6 7 38 7.6 +0.6
GSID Goldman Sachs MarketBeta International Equity ETF 8.6 20 25 7.4 +0.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 8.5 25 20 6.7 -0.2
ISDX Invesco Strategic Developed ex-US ETF 8.3 23 22 7.5 +0.5
IQSI IQ Candriam ESG International Equity ETF 8.1 15 30 7.4 +0.4
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 8.1 20 25 11.7 +4.7
IEFA iShares Core MSCI EAFE ETF 8.0 7 38 7.3 +0.4
CARZ First Trust NASDAQ Global Auto Index Fund 7.9 70 -25 12.6 +5.7
ESGD iShares MSCI EAFE ESG Optimized ETF 7.8 20 25 7.0 +0.0
SCHF Schwab International Equity ETF 7.8 6 39 7.4 +0.4
PDEV Principal International Multi-Factor Core Index ETF 7.8 25 20 8.1 +1.1
IVLU iShares Edge MSCI Intl Value Factor ETF 7.7 30 15 11.7 +4.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 7.7 14 31 6.9 -0.0
UIVM VictoryShares USAA MSCI International Value Momentum ETF 7.7 35 10 8.7 +1.7
RNDM Developed International Equity Select ETF 7.6 65 -20 6.4 -0.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 7.5 29 16 7.6 +0.6
FIDI Fidelity International High Dividend ETF 7.4 39 6 11.7 +4.8
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 7.3 70 -25 7.5 +0.5
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 7.2 35 10 7.0 +0.1
BKIE BNY Mellon International Equity ETF 7.1 4 41 7.4 +0.5
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 7.0 30 15 0.0 -7.0
VEA Vanguard FTSE Developed Markets ETF 7.0 5 40 7.5 +0.5
EFG iShares MSCI EAFE Growth ETF 6.9 40 5 4.5 -2.5
RBIN Nationwide Risk-Based International Equity ETF 6.7 42 3 6.1 -0.9
VYMI Vanguard International High Dividend Yield ETF 6.6 27 18 10.5 +3.5
SPDW SPDR Portfolio Developed World ex-US ETF 6.6 4 41 7.2 +0.2
IMTM iShares Edge MSCI Intl Momentum Factor ETF 6.4 30 15 4.3 -2.6
IDEV iShares Core MSCI International Developed Markets ETF 6.4 5 40 7.3 +0.3
IQDG WisdomTree International Quality Dividend Growth Fund 6.3 42 3 6.2 -0.7
IDY Pacific Global International Equity Income ETF 6.2 39 6 8.1 +1.1
DWMF WisdomTree International Multifactor Fund 6.1 38 7 6.2 -0.8
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 6.1 58 -13 6.1 -0.9
ISZE iShares Edge MSCI Intl Size Factor ETF 6.1 30 15 7.3 +0.3
ACWX iShares MSCI ACWI ex U.S. ETF 6.0 32 13 7.4 +0.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.9 40 5 7.1 +0.2
FPXE First Trust IPOX Europe Equity Opportunities ETF 5.9 70 -25 2.4 -4.6
CWI SPDR MSCI ACWI ex-US ETF 5.8 30 15 7.3 +0.3
CIL VictoryShares International Volatility Weighted Index ETF 5.8 45 0 6.7 -0.3
VEU Vanguard FTSE All-World ex-US Index Fund 5.8 8 37 7.7 +0.7
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 5.8 45 0 6.7 -0.2
MOTO SmartETFs Smart Transportation & Technology ETF 5.6 68 -23 7.4 +0.4
FAN First Trust Global Wind Energy ETF 5.4 62 -17 5.3 -1.6
QEFA SPDR MSCI EAFE Quality Mix ETF 5.4 30 15 6.9 -0.1
AVDE Avantis International Equity ETF 5.4 23 22 7.7 +0.7
VGFO Virtus WMC Global Factor Opportunities ETF 5.3 49 -4 8.1 +1.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 5.3 39 6 8.4 +1.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 5.2 39 6 6.6 -0.4

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:

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 10.6 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.57
 
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.