WisdomTree Dynamic Currency Hedged Japan Equity Fund
ALTAR
Score™
9.5% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
11.7x P/Sales
ratio
0.5x
P/BV
ratio
0.9x Div.
yield
2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The WisdomTree Dynamic Currency Hedged Japan Equity ETF tracks an index of dividend-paying Japanese stocks, weighted by cash dividends. The index dynamically hedges currency exposure for USD investors.

FUND BASICS
Category International Equities
Fund Sponsor WisdomTree
Website www.wisdomtree.com
Inception date Jan 07, 2016
Assets (mns) $1
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 199
Wgt avg mkt cap (mns) $7,644
Large cap (>$10bn) 22.2%
Mid cap ($2-10bn) 29.2%
Small cap (<$2bn) 48.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CHUGAI PHARMACEUTICAL CO LTD 1.1 %
TOEI CO LTD 1.0 %
KDDI CORPORATION 1.0 %
NIPPON TELEGRAPH AND TELEPHONE COR 1.0 %
SOFTBANK CORP. 0.9 %
KAKEN PHARMACEUTICAL CO LTD 0.9 %
KOHNAN SHOJI CO LTD 0.9 %
TOKYO STEEL MFG CO LTD 0.8 %
TEIJIN LTD 0.8 %
SEKISUI HOUSE LTD 0.8 %
Total 9.1 %

TOP COUNTRY EXPOSURE
JAPAN 90.8 %










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.
-7.5% 4.6% -- -- 1.2%

Market Correlations
versus... Beta R-squared
S&P500 0.64 57%
MSCI EAFE 0.71 59%
MSCI Emg. Mkts. 0.45 37%

Technical Indicators
Recent close $24.54
30d moving avg. $23.14
Annualized volatility 14.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.28%
ADV underlying (mns) $4,137

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: DDJP Expense: 43 bp ALTAR Score™: 9.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DDJP
Ticker Fund
Name
Overlap1
vs DDJP
(%)
Expense
ratio
(bp)
Savings
vs DDJP
(bp)
ALTAR
Score™
(%)
ALTAR
vs DDJP
(%)
SCIJ Global X Scientific Beta Japan ETF 20.3 39 4 7.6 -1.9
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 19.8 30 13 8.1 -1.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 19.7 25 18 8.1 -1.5
FLJP Franklin FTSE Japan ETF 19.7 9 34 8.3 -1.2
FLJH Franklin FTSE Japan Hedged ETF 19.4 9 34 8.3 -1.3
EWJE iShares MSCI Japan Equal Weighted ETF 19.1 15 28 7.5 -2.0
JPXN iShares JPX-Nikkei 400 ETF 19.1 48 -5 7.9 -1.6
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 19.0 9 34 8.3 -1.2
JPMV iShares Edge MSCI Min Vol Japan ETF 18.9 30 13 7.3 -2.3
QJPN SPDR MSCI Japan StrategicFactors ETF 18.8 14 29 8.4 -1.1
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 18.8 83 -40 7.6 -1.9
BBJP JPMorgan BetaBuilders Japan ETF 18.7 19 24 8.1 -1.4
DFJ WisdomTree Japan SmallCap Dividend Fund 18.4 58 -15 8.8 -0.7
EWJ iShares MSCI Japan ETF 18.4 49 -6 7.9 -1.7
DBJP Xtrackers MSCI Japan Hedged Equity ETF 18.2 45 -2 7.9 -1.6
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 18.2 58 -15 8.8 -0.8
SCJ iShares MSCI Japan Small-Cap ETF 17.2 47 -4 6.8 -2.8
DWMF WisdomTree International Multifactor Fund 16.6 38 5 7.2 -2.3
IPAC iShares Core MSCI Pacific ETF 15.1 9 34 8.0 -1.5
EWJV iShares MSCI Japan Value ETF 14.9 15 28 11.6 +2.1
IDLV Invesco S&P International Developed Low Volatility ETF 14.8 25 18 7.1 -2.4
VPL Vanguard FTSE Pacific ETF 13.8 8 35 8.3 -1.2
DXJ WisdomTree Japan Hedged Equity Fund 13.1 48 -5 8.9 -0.6
FJP First Trust Japan AlphaDEX Fund 12.5 80 -37 10.0 +0.4
IVLU iShares Edge MSCI Intl Value Factor ETF 11.2 30 13 12.1 +2.5
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 10.7 48 -5 0.0 -9.5
JPIN JPMorgan Diversified Return International Equity ETF 10.5 38 5 8.4 -1.1
RBIN Nationwide Risk-Based International Equity ETF 10.4 42 1 6.6 -2.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 10.2 80 -37 12.0 +2.4
FDT First Trust Developed Markets ex-US Alphadex Fund 10.2 80 -37 8.2 -1.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 10.2 29 14 8.5 -1.1
UIVM VictoryShares USAA MSCI International Value Momentum ETF 9.7 35 8 9.1 -0.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 9.6 29 14 9.2 -0.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 9.5 39 4 7.1 -2.5
IMTM iShares Edge MSCI Intl Momentum Factor ETF 9.4 30 13 5.0 -4.5
JPGE JPMorgan Diversified Return Global Equity ETF 9.4 29 14 7.7 -1.8
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 9.3 32 11 6.7 -2.8
AVDV Avantis International Small Cap Value ETF 9.1 36 7 8.6 -0.9
IQIN IQ 500 International ETF 9.0 25 18 9.9 +0.4
RFDI First Trust Riverfront Dynamic Developed International ETF 8.9 83 -40 6.7 -2.9
IDLB Invesco FTSE International Low Beta Equal Weight ETF 8.8 45 -2 7.5 -2.1
LVIN Hartford Multifactor Low Volatility International Equity ETF 8.7 29 14 13.0 +3.4
FIVA Fidelity International Value Factor ETF 8.6 39 4 11.2 +1.6
ISDS Invesco Strategic Developed ex-US Small Company ETF 8.4 35 8 6.1 -3.4
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 8.3 80 -37 6.2 -3.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 8.1 49 -6 7.5 -2.0
FNDC Schwab Fundamental International Small Co. Index ETF 8.1 39 4 7.7 -1.9
KLDW Gavekal Knowledge Leaders Developed World ETF 7.9 75 -32 5.0 -4.6
DIM WisdomTree International MidCap Dividend Fund 7.8 58 -15 8.2 -1.3
QINT American Century Quality Diversified International ETF 7.7 39 4 6.2 -3.3
IDY Pacific Global International Equity Income ETF 7.6 39 4 9.3 -0.2
EFAV iShares Edge MSCI Min Vol EAFE ETF 7.5 20 23 6.0 -3.5
ISZE iShares Edge MSCI Intl Size Factor ETF 7.5 30 13 7.4 -2.1
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 7.3 24 19 7.6 -1.9
CIL VictoryShares International Volatility Weighted Index ETF 7.3 45 -2 7.1 -2.4
ESGN Columbia Sustainable International Equity Income ETF 7.2 45 -2 11.9 +2.4
QEFA SPDR MSCI EAFE Quality Mix ETF 7.2 30 13 7.1 -2.4
FNDF Schwab Fundamental International Large Co. Index ETF 7.1 25 18 9.4 -0.1
DWM WisdomTree International Equity Fund 7.1 48 -5 8.8 -0.8
FDEV Fidelity Targeted International Factor ETF 7.1 39 4 6.8 -2.7
TPIF Timothy Plan International ETF 6.9 62 -19 7.4 -2.1
PDEV Principal International Multi-Factor Core Index ETF 6.8 25 18 8.4 -1.2
ESGD iShares MSCI EAFE ESG Optimized ETF 6.8 20 23 7.7 -1.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 6.7 35 8 9.1 -0.5
DDLS WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund 6.6 43 0 9.2 -0.3
JHMD John Hancock Multifactor Developed International ETF 6.5 45 -2 7.9 -1.7
EFV iShares MSCI EAFE Value ETF 6.4 39 4 10.8 +1.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 6.4 39 4 9.7 +0.2
DOL WisdomTree International LargeCap Dividend Fund 6.3 48 -5 9.0 -0.5
HFXI IQ 50 Percent Hedged FTSE International ETF 6.1 20 23 8.0 -1.5
IEFA iShares Core MSCI EAFE ETF 6.1 7 36 7.8 -1.8
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 6.1 7 36 8.1 -1.5
AVDE Avantis International Equity ETF 6.0 23 20 8.5 -1.1
EFA iShares MSCI EAFE ETF 6.0 32 11 7.6 -1.9
MVIN Natixis Seeyond International Minimum Volatility ETF 6.0 55 -12 5.9 -3.6
IQSI IQ Candriam ESG International Equity ETF 6.0 15 28 7.7 -1.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 5.9 20 23 7.6 -1.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 5.9 25 18 7.2 -2.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 5.9 35 8 7.5 -2.0
SPDW SPDR Portfolio Developed World ex-US ETF 5.8 4 39 7.7 -1.8
SCZ iShares MSCI Eafe Small-Cap ETF 5.7 40 3 7.0 -2.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 5.7 45 -2 9.6 +0.1
ISDX Invesco Strategic Developed ex-US ETF 5.7 23 20 8.1 -1.4
EFG iShares MSCI EAFE Growth ETF 5.6 40 3 4.9 -4.6
ICOW Pacer Developed Markets International Cash Cows 100 ETF 5.6 65 -22 12.8 +3.2
WLDR Affinity World Leaders Equity ETF 5.6 47 -4 9.7 +0.2
IDEV iShares Core MSCI International Developed Markets ETF 5.6 5 38 7.7 -1.8
GWX SPDR S&P International Small Cap ETF 5.6 40 3 6.5 -3.0
SCHF Schwab International Equity ETF 5.5 6 37 7.9 -1.7
IQDE FlexShares International Quality Dividend Defensive Index Fd 5.5 47 -4 13.3 +3.8
DLS WisdomTree International SmallCap Dividend Fund 5.5 58 -15 9.0 -0.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 5.4 14 29 7.3 -2.2
INTF iShares Edge MSCI Multifactor Intl ETF 5.3 30 13 8.8 -0.7
VEA Vanguard FTSE Developed Markets ETF 5.2 5 38 8.0 -1.6
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 4.9 40 3 9.3 -0.2
FYLD Cambria Foreign Shareholder Yield ETF 4.9 59 -16 10.1 +0.6
IQDF FlexShares International Quality Dividend Index Fund 4.9 47 -4 13.9 +4.3
NUDM Nuveen ESG International Developed Markets Equity ETF 4.9 40 3 7.2 -2.3
IVAL Alpha Architect International Quantitative Value ETF 4.7 59 -16 10.9 +1.4

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:
WisdomTree Dynamic Currency Hedged Japan Equity Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.9 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 43 bp
Equals: ALTAR Score 9.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.58
 
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.