WisdomTree Dynamic Currency Hedged Europe Equity
ALTAR
Score™
6.1% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
15.8x P/Sales
ratio
1.1x
P/BV
ratio
1.9x Div.
yield
3.6%


  • 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) $14
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 201
Wgt avg mkt cap (mns) $24,692
Large cap (>$10bn) 40.6%
Mid cap ($2-10bn) 53.1%
Small cap (<$2bn) 6.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EIFFAGE 1.4 %
SANOFI-AVENTIS 1.4 %
DANONE 1.3 %
KORIAN SA 1.1 %
ORANGE SA 1.1 %
UNIQA VERSICHERUNGEN AG 1.0 %
PUBLICIS GROUPE 0.9 %
BANQUE CANTONALE VAUDOIS-REG 0.9 %
ACKERMANS & VAN HAAREN 0.9 %
VEOLIA ENVIRONNEMENT 0.9 %
Total 10.8 %

TOP COUNTRY EXPOSURE
BRITAIN 27.4 %
FRANCE 11.6 %
SWITZERLAND 11.0 %
ITALY 7.7 %
GERMANY 7.3 %
SPAIN 6.7 %
SWEDEN 4.8 %
DENMARK 4.8 %
BELGIUM 3.8 %
FINLAND 2.4 %

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.
21.4% 21.4% -- -- 9.7%

Market Correlations
versus... Beta R-squared
S&P500 0.69 54%
MSCI EAFE 0.94 83%
MSCI Emg. Mkts. 0.62 62%

Technical Indicators
Recent close $30.78
30d moving avg. $30.17
Annualized volatility 11.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $7,038

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the WisdomTree Dynamic Currency Hedged Europe Equity 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™: 6.1%


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 34.3 38 5 6.0 -0.1
JPEU JPMorgan Diversified Return Europe Equity 29.0 37 6 6.2 +0.1
EUMV iShares MSCI Europe Min Volatility 28.9 25 18 5.1 -1.0
SCID Global X Scientific Beta Europe 27.9 38 5 6.2 +0.1
GSEU Goldman Sachs ActiveBeta Europe Equity 24.5 25 18 6.1 -0.0
OEUR O'Shares FTSE Europe Quality Dividend 22.4 48 -5 6.1 -0.0
HDMV First Trust Horizon Managed Volatility Developed Int'l 21.4 80 -37 5.9 -0.2
IEUR iShares Core MSCI Europe 21.0 9 34 6.7 +0.6
FEP First Trust Europe AlphaDEX 20.3 80 -37 7.1 +1.0
EFAV iShares MSCI EAFE Minimum Volatility 20.3 20 23 5.5 -0.6
VGK Vanguard FTSE Europe 20.2 9 34 6.7 +0.6
FLEE Franklin FTSE Europe 20.1 9 34 6.6 +0.5
BBEU JPMorgan BetaBuilders Europe 20.0 9 34 6.6 +0.5
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE 20.0 30 13 6.4 +0.3
RNDM First Trust Developed International Equity Select 20.0 65 -22 6.2 +0.1
FLEH Franklin FTSE Europe Hedged 19.9 9 34 6.6 +0.5
FEU SPDR DJ Stoxx 50 19.7 9 34 6.6 +0.5
IEV iShares S&P Europe 350 19.5 59 -16 6.2 +0.0
RBIN Nationwide Risk-Based International Equity 19.4 42 1 7.1 +1.0
DBEU Xtrackers Europe Hedged 19.4 45 -2 6.2 +0.1

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

  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:
WisdomTree Dynamic Currency Hedged Europe Equity
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 11.8 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 43 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.70 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.