Xtrackers MSCI Japan Hedged Equity ETF
ALTAR
Score™
6.1% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
24.3x P/Sales
ratio
1.1x
P/BV
ratio
1.5x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Xtrackers MSCI Japan 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 Japan US Dollar Hedged Net Index (the "Underlying Index").

FUND BASICS
Category International Equities
Fund Sponsor Deutsche Bank AG
Website www.DBXUS.com
Inception date Jun 09, 2011
Assets (mns) $201
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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 302
Wgt avg mkt cap (mns) $49,689
Large cap (>$10bn) 81.1%
Mid cap ($2-10bn) 18.5%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TOYOTA MOTOR CORP 3.7 %
SOFTBANK GROUP CORP. 3.2 %
SONY CORP 3.0 %
KEYENCE CORP 2.4 %
NINTENDO CO LTD 1.6 %
SHIN-ETSU CHEMICAL CO LTD 1.6 %
TOKYO ELECTRON LTD 1.5 %
RECRUIT HOLDINGS CO LTD 1.4 %
NIDEC CORP 1.4 %
DAIICHI SANKYO CO LTD 1.4 %
Total 21.1 %

TOP COUNTRY EXPOSURE
JAPAN 97.2 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
10.6% 10.6% 6.5% -- 9.9%

Market Correlations
versus... Beta R-squared
S&P500 0.74 67%
MSCI EAFE 0.78 72%
MSCI Emg. Mkts. 0.53 43%

Technical Indicators
Recent close $47.30
30d moving avg. $45.94
Annualized volatility 17.1%
Short interest (ETF) 1.5%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 25
Turnover 0.6%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $22,738

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 potential alternatives to the Xtrackers MSCI Japan Hedged Equity ETF ETF based on the alternatives' overlap in portfolio holdings with DBJP. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DBJP Expense: 45 bp ALTAR Score™: 6.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DBJP
Ticker Fund
Name
Overlap1
vs DBJP
(%)
Expense
ratio
(bp)
Savings
vs DBJP
(bp)
ALTAR
Score™
(%)
ALTAR
vs DBJP
(%)
EWJ iShares MSCI Japan ETF 96.7 51 -6 6.1 +0.0
BBJP JPMorgan BetaBuilders Japan ETF 92.4 19 26 6.4 +0.4
ZJPN SPDR Solactive Japan ETF 91.3 14 31 6.5 +0.5
FLJP Franklin FTSE Japan ETF 89.5 9 36 6.6 +0.5
FLJH Franklin FTSE Japan Hedged ETF 88.9 9 36 6.5 +0.5
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 83.2 9 36 6.6 +0.6
JPXN iShares JPX-Nikkei 400 ETF 83.1 48 -3 6.2 +0.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 79.9 25 20 6.2 +0.2
IPAC iShares Core MSCI Pacific ETF 58.1 9 36 6.3 +0.3
EWJE iShares MSCI Japan Equal Weighted ETF 55.6 15 30 6.4 +0.4
DXJ WisdomTree Japan Hedged Equity Fund 54.7 48 -3 7.4 +1.3
EWJV iShares MSCI Japan Value ETF 51.9 15 30 8.9 +2.9
DFAI Dimensional International Core Equity Market ETF 50.8 18 27 6.4 +0.3
VPL Vanguard FTSE Pacific ETF 47.2 8 37 6.4 +0.4
IVLU iShares Edge MSCI Intl Value Factor ETF 33.4 30 15 9.9 +3.9
DMXF iShares ESG Advanced MSCI EAFE ETF 32.8 12 33 6.2 +0.2
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 32.6 35 10 5.9 -0.1
FJP First Trust Japan AlphaDEX Fund 31.5 80 -35 8.0 +1.9
IMTM iShares Edge MSCI Intl Momentum Factor ETF 28.9 30 15 4.1 -2.0
ISZE iShares Edge MSCI Intl Size Factor ETF 28.2 30 15 6.3 +0.2
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 27.9 83 -38 5.0 -1.0
PQIN PGIM QMA Strategic Alpha International Equity ETF 27.5 29 16 7.1 +1.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 26.9 14 31 6.1 +0.0
EFG iShares MSCI EAFE Growth ETF 26.2 40 5 4.1 -2.0
IDMO Invesco S&P International Developed Momentum ETF 25.9 26 19 3.7 -2.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 25.7 20 25 6.4 +0.3
RESD WisdomTree International ESG Fund 25.7 30 15 6.5 +0.4
GSID Goldman Sachs MarketBeta International Equity ETF 25.5 20 25 6.3 +0.2
JHMD John Hancock Multifactor Developed International ETF 25.3 39 6 6.6 +0.5
RBIN Nationwide Risk-Based International Equity ETF 25.2 42 3 6.0 -0.0
EFA iShares MSCI EAFE ETF 25.1 32 13 6.2 +0.2
ESGD iShares MSCI EAFE ESG Optimized ETF 24.8 20 25 6.2 +0.1
IQSI IQ Candriam ESG International Equity ETF 24.8 15 30 6.4 +0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 24.7 35 10 6.1 +0.0
QEFA SPDR MSCI EAFE Quality Mix ETF 24.7 30 15 6.0 -0.1
HFXI IQ 50 Percent Hedged FTSE International ETF 24.5 20 25 6.4 +0.4
EFV iShares MSCI EAFE Value ETF 24.2 39 6 8.4 +2.3
BKIE BNY Mellon International Equity ETF 24.0 4 41 6.5 +0.5
IQIN IQ 500 International ETF 23.6 25 20 7.6 +1.6
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 22.6 7 38 6.5 +0.5
IDHQ Invesco S&P International Developed Quality ETF 22.2 29 16 4.8 -1.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 21.8 39 6 5.6 -0.5
IEFA iShares Core MSCI EAFE ETF 21.4 7 38 6.5 +0.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 21.4 40 5 7.2 +1.2
PDEV Principal International Multi-Factor Core Index ETF 21.3 25 20 7.1 +1.0
FNDF Schwab Fundamental International Large Co. Index ETF 21.3 25 20 7.7 +1.6
SCHF Schwab International Equity ETF 20.8 6 39 6.5 +0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 20.6 25 20 6.0 -0.1
VSGX Vanguard ESG International Stock ETF 20.5 17 28 6.3 +0.3
SPDW SPDR Portfolio Developed World ex-US ETF 20.2 4 41 6.2 +0.2
DWM WisdomTree International Equity Fund 20.1 48 -3 7.2 +1.1
DOL WisdomTree International LargeCap Dividend Fund 19.8 48 -3 7.2 +1.1
TPIF Timothy Plan International ETF 19.8 62 -17 6.1 0.0
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 19.8 24 21 6.5 +0.5
CIL VictoryShares International Volatility Weighted Index ETF 19.6 45 0 6.4 +0.3
UIVM VictoryShares USAA MSCI International Value Momentum ETF 19.5 35 10 7.7 +1.7
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 19.3 45 0 6.3 +0.3
IDLV Invesco S&P International Developed Low Volatility ETF 19.1 25 20 6.2 +0.2
IDEV iShares Core MSCI International Developed Markets ETF 18.7 5 40 6.5 +0.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 18.7 45 0 7.6 +1.6
VEA Vanguard FTSE Developed Markets ETF 18.4 5 40 6.6 +0.5
EFAV iShares Edge MSCI Min Vol EAFE ETF 18.3 20 25 5.0 -1.1
QINT American Century Quality Diversified International ETF 17.6 39 6 5.7 -0.4
NUDM Nuveen ESG International Developed Markets Equity ETF 17.5 40 5 5.9 -0.2
ISDX Invesco RAFI Strategic Developed ex-US ETF 17.4 23 22 6.3 +0.2
JPIN JPMorgan Diversified Return International Equity ETF 17.3 37 8 7.1 +1.0
DWMF WisdomTree International Multifactor Fund 16.5 38 7 6.2 +0.2
IDLB Invesco FTSE International Low Beta Equal Weight ETF 16.3 45 0 6.1 +0.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 16.1 16 29 6.0 -0.1
IQLT iShares Edge MSCI Intl Quality Factor ETF 16.1 30 15 5.2 -0.8
FIVA Fidelity International Value Factor ETF 15.8 39 6 8.7 +2.7
CWI SPDR MSCI ACWI ex-US ETF 15.7 30 15 6.2 +0.1
DIM WisdomTree International MidCap Dividend Fund 15.7 58 -13 7.1 +1.0
ACWX iShares MSCI ACWI ex U.S. ETF 15.5 32 13 6.3 +0.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 15.5 32 13 5.7 -0.4
EXI iShares Global Industrials ETF 15.3 46 -1 4.9 -1.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 15.3 40 5 6.1 +0.0
DTH WisdomTree International High Dividend Fund 15.2 58 -13 8.7 +2.6
VEU Vanguard FTSE All-World ex-US Index Fund 15.1 8 37 6.7 +0.6
VWID Virtus WMC International Dividend ETF 14.6 49 -4 7.4 +1.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 14.5 39 6 7.4 +1.4
ESGN Columbia Sustainable International Equity Income ETF 14.2 45 0 9.2 +3.1
AVDE Avantis International Equity ETF 14.0 23 22 6.9 +0.9
DOO WisdomTree International Dividend ex-Financials Fund 13.8 58 -13 7.7 +1.6
IQDG WisdomTree International Quality Dividend Growth Fund 13.7 42 3 6.0 -0.1
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 13.5 80 -35 6.0 -0.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 13.3 58 -13 5.8 -0.3
IXUS ishares Core MSCI Total International Stock ETF 13.3 9 36 6.4 +0.4
RXI iShares Global Consumer Discretionary ETF 13.1 46 -1 3.7 -2.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 12.7 29 16 7.3 +1.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 12.6 47 -2 8.1 +2.1
VYMI Vanguard International High Dividend Yield ETF 12.4 27 18 9.0 +3.0
KLDW Gavekal Knowledge Leaders Developed World ETF 12.3 75 -30 4.4 -1.7
VIGI Vanguard International Dividend Appreciation ETF 12.2 20 25 5.0 -1.0
FDEV Fidelity Targeted International Factor ETF 12.2 39 6 6.2 +0.1
FDT First Trust Developed Markets ex-US Alphadex Fund 12.1 80 -35 7.6 +1.5

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 Japan 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 9.2 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.54
 
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.