WisdomTree Europe Multifactor Fund
ALTAR
Score™
7.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
17.5x P/Sales
ratio
0.9x
P/BV
ratio
1.7x Div.
yield
3.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The WisdomTree Dynamic Currency Hedged Europe Equity fund tracks an index of dividend- paying companies whose stocks are traded in euros. The index weights stocks by cash dividends and applies a variable currency hedge.

FUND BASICS
Category International Equities
Fund Sponsor WisdomTree
Website www.wisdomtree.com
Inception date Jan 07, 2016
Assets (mns) $6
Currency USD
Expense ratio 43 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Dividend
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 198
Wgt avg mkt cap (mns) $23,583
Large cap (>$10bn) 40.8%
Mid cap ($2-10bn) 47.1%
Small cap (<$2bn) 12.0%
Developed mkts 99.6%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SANOFI-AVENTIS 1.3 %
PADDY POWER PLC 1.2 %
KINGSPAN GROUP PLC 1.1 %
ALSO HOLDING AG 1.1 %
ROCHE HOLDING AG-GENUSSCHEIN 1.1 %
BIOMERIEUX SA 1.1 %
OMV AG 1.0 %
NOVARTIS AG-REG 0.9 %
BALOISE HOLDING-REG 0.9 %
KORIAN SA 0.9 %
Total 10.7 %

TOP COUNTRY EXPOSURE
BRITAIN 26.2 %
SWITZERLAND 11.9 %
FRANCE 11.1 %
GERMANY 7.9 %
SWEDEN 7.6 %
SPAIN 5.9 %
DENMARK 5.9 %
IRELAND 4.1 %
FINLAND 3.8 %
NORWAY 2.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.9% -5.2% -- -- 4.7%

Market Correlations
versus... Beta R-squared
S&P500 0.88 78%
MSCI EAFE 1.02 91%
MSCI Emg. Mkts. 0.77 79%

Technical Indicators
Recent close $25.66
30d moving avg. $24.94
Annualized volatility 16.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $11,283

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the WisdomTree Europe Multifactor Fund ETF based on the alternatives' overlap in portfolio holdings with DDEZ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DDEZ Expense: 43 bp ALTAR Score™: 7.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DDEZ
Ticker Fund
Name
Overlap1
vs DDEZ
(%)
Expense
ratio
(bp)
Savings
vs DDEZ
(bp)
ALTAR
Score™
(%)
ALTAR
vs DDEZ
(%)
DWMF WisdomTree International Multifactor Fund 32.6 38 5 6.8 -0.4
EUMV iShares Edge MSCI Min Vol Europe ETF 30.0 25 18 5.5 -1.7
SCID Global X Scientific Beta Europe ETF 29.3 38 5 6.9 -0.3
JPEU JPMorgan Diversified Return Europe Equity ETF 28.6 37 6 6.8 -0.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 25.2 25 18 6.7 -0.5
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 22.6 48 -5 0.0 -7.2
OEUR O'shares FTSE Europe Quality Dividend ETF 22.6 48 -5 6.6 -0.6
IEUR iShares Core MSCI Europe ETF 22.4 9 34 7.3 +0.1
FLEE Franklin FTSE Europe ETF 21.5 9 34 7.0 -0.2
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 21.5 30 13 6.8 -0.4
EFAV iShares Edge MSCI Min Vol EAFE ETF 21.5 20 23 5.9 -1.3
BBEU JPMorgan BetaBuilders Europe ETF 21.4 9 34 7.3 +0.1
FEU SPDR Portfolio Europe ETF 21.4 9 34 7.3 +0.1
FLEH Franklin FTSE Europe Hedged ETF 21.3 9 34 7.2 -0.0
FEP First Trust Europe AlphaDEX Fund 21.3 80 -37 7.9 +0.7
RFEU First Trust Riverfront Dynamic Europe ETF 21.2 83 -40 5.0 -2.2
VGK Vanguard FTSE Europe ETF 21.1 8 35 7.3 +0.1
IEV iShares Europe ETF 20.9 59 -16 6.8 -0.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 20.6 45 -2 6.8 -0.4
RNDM Developed International Equity Select ETF 20.3 65 -22 6.4 -0.8
IEUS iShares MSCI Europe Small-Cap ETF 18.9 40 3 6.8 -0.4
JPIN JPMorgan Diversified Return International Equity ETF 17.4 38 5 8.0 +0.8
QEFA SPDR MSCI EAFE Quality Mix ETF 17.4 30 13 6.8 -0.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 17.2 29 14 8.6 +1.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 17.0 39 4 6.7 -0.5
RFDI First Trust Riverfront Dynamic Developed International ETF 16.6 83 -40 6.3 -0.9
RBIN Nationwide Risk-Based International Equity ETF 16.6 42 1 6.5 -0.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 16.5 25 18 6.8 -0.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 16.5 35 8 8.6 +1.4
DWM WisdomTree International Equity Fund 16.5 48 -5 8.2 +1.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 16.1 32 11 6.5 -0.7
EWUS iShares MSCI United Kingdom Small Cap ETF 15.9 59 -16 8.1 +0.9
ISDX Invesco Strategic Developed ex-US ETF 15.7 23 20 7.4 +0.2
EFA iShares MSCI EAFE ETF 15.7 32 11 7.2 -0.0
JHMD John Hancock Multifactor Developed International ETF 15.7 45 -2 7.4 +0.2
IEFA iShares Core MSCI EAFE ETF 15.6 7 36 7.3 +0.1
FDEV Fidelity Targeted International Factor ETF 15.6 39 4 6.5 -0.7
ESGD iShares MSCI EAFE ESG Optimized ETF 15.5 20 23 7.2 -0.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 15.5 80 -37 6.0 -1.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 15.4 20 23 7.3 +0.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 15.4 35 8 7.0 -0.2
PDEV Principal International Multi-Factor Core Index ETF 15.4 25 18 7.9 +0.7
FEUZ First Trust Eurozone AlphaDEX ETF 15.4 80 -37 7.8 +0.6
DOL WisdomTree International LargeCap Dividend Fund 15.2 48 -5 8.5 +1.4
HFXI IQ 50 Percent Hedged FTSE International ETF 14.9 20 23 7.5 +0.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 14.8 7 36 7.6 +0.4
CIL VictoryShares International Volatility Weighted Index ETF 14.8 45 -2 6.7 -0.5
IDEV iShares Core MSCI International Developed Markets ETF 14.6 5 38 7.3 +0.1
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 14.5 24 19 7.2 +0.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 14.5 14 29 7.0 -0.2
IDLV Invesco S&P International Developed Low Volatility ETF 14.4 25 18 6.9 -0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 14.3 45 -2 8.8 +1.7
IQIN IQ 500 International ETF 14.2 25 18 9.0 +1.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 14.2 45 -2 6.8 -0.4
EUDV ProShares MSCI Europe Dividend Growers ETF 14.1 55 -12 6.9 -0.3
SCHF Schwab International Equity ETF 14.1 6 37 7.4 +0.2
FNDF Schwab Fundamental International Large Co. Index ETF 14.0 25 18 8.7 +1.5
EFAD ProShares MSCI EAFE Dividend Growers ETF 14.0 50 -7 6.6 -0.6
EURZ Xtrackers Eurozone Equity ETF 14.0 9 34 7.0 -0.2
EZU iShares MSCI Eurozone ETF 14.0 49 -6 6.7 -0.5
SPDW SPDR Portfolio Developed World ex-US ETF 13.7 4 39 7.2 +0.0
IQSI IQ Candriam ESG International Equity ETF 13.6 15 28 7.3 +0.1
VEA Vanguard FTSE Developed Markets ETF 13.5 5 38 7.4 +0.2
DOO WisdomTree International Dividend ex-Financials Fund 13.0 58 -15 8.7 +1.5
UIVM VictoryShares USAA MSCI International Value Momentum ETF 12.9 35 8 8.6 +1.4
EFV iShares MSCI EAFE Value ETF 12.8 39 4 10.0 +2.8
DTH WisdomTree DEFA Equity Income Fund 12.7 58 -15 9.6 +2.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 12.5 30 13 6.2 -1.0
DIM WisdomTree International MidCap Dividend Fund 12.4 58 -15 7.6 +0.4
PQIN PGIM QMA Strategic Alpha International Equity ETF 12.3 29 14 8.1 +0.9
FLGB Franklin FTSE United Kingdom ETF 12.0 9 34 7.5 +0.3
QINT American Century Quality Diversified International ETF 11.9 39 4 5.9 -1.3
IDMO Invesco S&P International Developed Momentum ETF 11.9 25 18 4.7 -2.5
EFG iShares MSCI EAFE Growth ETF 11.9 40 3 4.7 -2.5
CWI SPDR MSCI ACWI ex-US ETF 11.9 30 13 7.6 +0.4
FIVA Fidelity International Value Factor ETF 11.9 39 4 10.2 +3.0
ACWX iShares MSCI ACWI ex U.S. ETF 11.7 32 11 7.5 +0.3
VYMI Vanguard International High Dividend Yield ETF 11.5 32 11 10.1 +2.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 11.5 40 3 7.4 +0.2
IXUS ishares Core MSCI Total International Stock ETF 11.5 9 34 7.6 +0.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 11.4 39 4 9.1 +1.9
TPIF Timothy Plan International ETF 11.4 62 -19 7.0 -0.2
IDY Pacific Global International Equity Income ETF 11.3 39 4 8.0 +0.8
IQDE FlexShares International Quality Dividend Defensive Index Fd 11.3 47 -4 12.7 +5.5
QGBR SPDR MSCI UK StrategicFactors ETF 11.3 14 29 7.6 +0.4
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 11.2 30 13 7.4 +0.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 11.2 20 23 9.3 +2.1
VEU Vanguard FTSE All-World ex-US Index Fund 11.2 8 35 7.7 +0.5
MVIN Natixis Seeyond International Minimum Volatility ETF 11.2 55 -12 5.8 -1.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 11.1 16 27 7.1 -0.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 11.1 58 -15 6.1 -1.1
IDLB Invesco FTSE International Low Beta Equal Weight ETF 11.1 45 -2 7.2 0.0
IQDF FlexShares International Quality Dividend Index Fund 10.9 47 -4 12.9 +5.8
VXUS Vanguard Total International Stock Index Fund 10.9 8 35 7.7 +0.5
NUDM Nuveen ESG International Developed Markets Equity ETF 10.8 40 3 6.9 -0.3
IDHQ Invesco S&P International Developed High Quality ETF 10.7 29 14 5.4 -1.8
SCZ iShares MSCI Eafe Small-Cap ETF 10.7 40 3 6.5 -0.7
EWU iShares MSCI United Kingdom ETF 10.5 50 -7 7.0 -0.2
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 10.5 45 -2 9.8 +2.6

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:
WisdomTree Europe Multifactor Fund
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 12.3 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 43 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 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.