WisdomTree Dynamic Currency Hedged Japan Equity Fund
ALTAR
Score™
8.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
12.0x P/Sales
ratio
0.6x
P/BV
ratio
1.1x Div.
yield
2.6%


  • 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 198
Wgt avg mkt cap (mns) $7,959
Large cap (>$10bn) 20.8%
Mid cap ($2-10bn) 38.0%
Small cap (<$2bn) 41.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MITSUI SUMITOMO INSURANCE GR 1.6 %
SONY FINANCIAL HOLDINGS INC 1.2 %
TOKYO STEEL MFG CO LTD 1.2 %
ASAHI HOLDINGS INC 1.2 %
CHUO MITSUI TRUST HOLDINGS 1.2 %
TEIJIN LTD 1.1 %
SEVEN BANK LTD 1.1 %
SHINSEI BANK LTD 1.1 %
CREDIT SAISON CO LTD 1.0 %
FUYO GENERAL LEASE CO LTD 1.0 %
Total 11.6 %

TOP COUNTRY EXPOSURE
JAPAN 90.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.9% 2.1% -- -- 2.5%

Market Correlations
versus... Beta R-squared
S&P500 0.75 61%
MSCI EAFE 0.85 65%
MSCI Emg. Mkts. 0.54 45%

Technical Indicators
Recent close $23.23
30d moving avg. $26.09
Annualized volatility 11.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 31

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $3,795

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 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™: 8.4%


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
(%)
JPMV iShares Edge MSCI Min Vol Japan ETF 23.9 30 13 7.4 -1.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 21.8 25 18 8.3 -0.0
EWJE iShares MSCI Japan Equal Weighted ETF 21.5 15 28 7.9 -0.4
SCIJ Global X Scientific Beta Japan ETF 20.3 39 4 7.7 -0.7
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 20.2 9 34 8.7 +0.3
JPXN iShares JPX-Nikkei 400 ETF 20.2 48 -5 8.2 -0.1
FLJP Franklin FTSE Japan ETF 19.4 9 34 8.6 +0.3
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 19.2 30 13 8.5 +0.1
DWMF WisdomTree International Multifactor Fund 19.1 38 5 6.7 -1.7
FLJH Franklin FTSE Japan Hedged ETF 18.9 9 34 8.7 +0.4
BBJP JPMorgan BetaBuilders Japan ETF 18.6 19 24 8.4 +0.1
QJPN SPDR MSCI Japan StrategicFactors ETF 18.6 14 29 8.7 +0.3
EWJ iShares MSCI Japan ETF 18.4 49 -6 8.2 -0.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 17.9 45 -2 8.3 -0.0
DFJ WisdomTree Japan SmallCap Dividend Fund 16.9 58 -15 9.1 +0.8
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 16.6 58 -15 9.2 +0.8
SCJ iShares MSCI Japan Small-Cap ETF 15.7 47 -4 7.1 -1.3
IPAC iShares Core MSCI Pacific ETF 14.3 9 34 7.9 -0.4
FJP First Trust Japan AlphaDEX Fund 13.5 80 -37 10.5 +2.1
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 12.9 83 -40 7.8 -0.6

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

Content on this tab for subscribers only

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:

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 9.8 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 43 bp
Equals: ALTAR Score 8.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.64
 
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.