Xtrackers MSCI Japan Hedged
ALTAR
Score™
7.6% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
14.6x P/Sales
ratio
0.8x
P/BV
ratio
1.3x Div.
yield
2.4%


  • 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) $351
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 324
Wgt avg mkt cap (mns) $35,490
Large cap (>$10bn) 76.6%
Mid cap ($2-10bn) 23.2%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TOYOTA MOTOR CORP 4.4 %
SONY CORP 2.1 %
MITSUBISHI UFJ FINANCIAL GRO 1.8 %
SOFTBANK GROUP CORP. 1.8 %
KEYENCE CORP 1.7 %
TAKEDA PHARMACEUTICAL CO LTD 1.6 %
KDDI CORPORATION 1.4 %
SUMITOMO MITSUI FINANCIAL GR 1.3 %
RECRUIT HOLDINGS CO LTD 1.3 %
HONDA MOTOR CO LTD 1.2 %
Total 18.5 %

TOP COUNTRY EXPOSURE
JAPAN 96.5 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
17.0% 6.2% 5.3% -- 9.6%

Market Correlations
versus... Beta R-squared
S&P500 0.95 65%
MSCI EAFE 0.95 55%
MSCI Emg. Mkts. 0.57 33%

Technical Indicators
Recent close $42.32
30d moving avg. $41.04
Annualized volatility 14.2%
Short interest (ETF) 1.1%
Relative strength (RSI) 74

Liquidity measures
Avg. volume (thou.) 205
Turnover 2.5%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $17,609

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Xtrackers MSCI Japan Hedged 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™: 7.6%


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 96.0 47 -2 7.7 +0.0
BBJP JPMorgan BetaBuilders Japan 92.0 19 26 7.9 +0.3
QJPN SPDR MSCI Japan Quality Mix 90.5 14 31 8.1 +0.4
HFXJ IQ 50 Percent Hedged FTSE Japan 89.9 30 15 7.8 +0.2
FLJP Franklin FTSE Japan 89.3 9 36 8.0 +0.4
FLJH Franklin FTSE Japan Hedged 88.3 9 36 8.0 +0.4
JPN Xtrackers Japan JPX-Nikkei 400 Equity 83.0 9 36 8.1 +0.4
JPXN iShares JPX-Nikkei 400 82.9 48 -3 7.7 +0.1
GSJY Goldman Sachs ActiveBeta Japan Equity 78.7 25 20 7.8 +0.1
IPAC iShares Core MSCI Pacific 57.8 9 36 7.5 -0.1
EWJE iShares MSCI Japan Equal Weighted 56.2 15 30 7.3 -0.3
DXJ WisdomTree Japan Hedged Equity 55.8 48 -3 8.6 +1.0
EWJV iShares MSCI Japan Value 50.6 15 30 10.1 +2.5
VPL Vanguard Pacific ETF 48.7 9 36 7.8 +0.2
JPMV iShares MSCI Japan Min Volatility 47.6 30 15 6.8 -0.9
SCIJ Global X Scientific Beta Japan 44.3 39 6 7.1 -0.6
RFAP First Trust Riverfront Dynamic Asia Pacific 43.2 83 -38 7.3 -0.3
IVLU iShares MSCI Int'l Developed Value Factor 36.7 30 15 10.4 +2.8
REFA Invesco International Revenue ETF 32.3 42 3 8.8 +1.2
ISZE iShares MSCI Int'l Developed Size Factor 29.5 30 15 6.8 -0.9

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
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
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 9.7 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.63
 
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.