WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund
ALTAR
Score™
8.9% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
15.5x P/Sales
ratio
0.6x
P/BV
ratio
0.9x Div.
yield
3.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The WisdomTree Dynamic Currency Hedged International SmallCap Equity ETF tracks an index of dividend-paying developed-market small-cap equities outside the US & Canada, weighted by cash dividends. The index dynamically hedges currency exposure for USD investors based on 3 equal-weighted signals.

FUND BASICS
Category International Equities
Fund Sponsor WisdomTree
Website www.wisdomtree.com
Inception date Jan 07, 2016
Assets (mns) $38
Currency USD
Expense ratio 43 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Dividend
Index replication
Uses derivatives Yes
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 841
Wgt avg mkt cap (mns) $1,274
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 27.8%
Small cap (<$2bn) 72.2%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
BE SEMICONDUCTOR INDUSTRIES 0.9 %
SILTRONIC AG 0.8 %
BOLSAS Y MERCADOS ESPANOLES 0.6 %
FREENET AG 0.6 %
AZIMUT HOLDING SPA 0.6 %
BOVIS HOMES GROUP PLC 0.6 %
TIETO OYJ 0.5 %
JB HI-FI LTD 0.5 %
SPARK INFRASTRUCTURE GROUP 0.5 %
BPOST SA 0.5 %
Total 6.1 %

TOP COUNTRY EXPOSURE
JAPAN 29.2 %
AUSTRALIA 10.6 %
BRITAIN 6.7 %
GERMANY 3.9 %
FINLAND 3.4 %
SWEDEN 2.9 %
ITALY 2.6 %
HONG KONG 2.6 %
NORWAY 2.5 %
SINGAPORE 2.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-19.4% -8.9% -- -- 4.3%

Market Correlations
versus... Beta R-squared
S&P500 0.91 80%
MSCI EAFE 1.04 91%
MSCI Emg. Mkts. 0.75 74%

Technical Indicators
Recent close $26.29
30d moving avg. $26.43
Annualized volatility 17.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.6%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $4,632

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund ETF based on the alternatives' overlap in portfolio holdings with DDLS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DDLS Expense: 43 bp ALTAR Score™: 8.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DDLS
Ticker Fund
Name
Overlap1
vs DDLS
(%)
Expense
ratio
(bp)
Savings
vs DDLS
(bp)
ALTAR
Score™
(%)
ALTAR
vs DDLS
(%)
DLS WisdomTree International SmallCap Dividend Fund 72.9 58 -15 8.7 -0.1
DFE WisdomTree Europe SmallCap Dividend Fund 28.8 58 -15 8.7 -0.2
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 28.7 58 -15 8.6 -0.3
DFJ WisdomTree Japan SmallCap Dividend Fund 28.6 58 -15 8.5 -0.4
SCZ iShares MSCI Eafe Small-Cap ETF 26.8 40 3 7.4 -1.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 25.9 49 -6 6.8 -2.1
FNDC Schwab Fundamental International Small Co. Index ETF 25.4 39 4 7.5 -1.4
SCJ iShares MSCI Japan Small-Cap ETF 24.9 49 -6 6.7 -2.2
GWX SPDR S&P International Small Cap ETF 24.8 40 3 6.8 -2.1
ISDS Invesco Strategic Developed ex-US Small Company ETF 22.7 35 8 6.9 -2.0
SCHC Schwab International Small-Cap Equity ETF 22.0 11 32 6.9 -2.0
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 20.5 58 -15 8.1 -0.8
AVDV Avantis International Small Cap Value ETF 20.0 36 7 7.8 -1.1
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 18.1 40 3 8.9 -0.0
IEUS iShares MSCI Europe Small-Cap ETF 17.1 40 3 8.1 -0.8
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 16.2 11 32 6.9 -2.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 11.7 39 4 8.5 -0.4
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 11.3 80 -37 10.8 +1.9
IDLB Invesco FTSE International Low Beta Equal Weight ETF 7.4 45 -2 7.3 -1.6
DXJ WisdomTree Japan Hedged Equity Fund 6.9 48 -5 8.4 -0.5
AVDE Avantis International Equity ETF 6.7 23 20 8.0 -0.9
DDJP WisdomTree Dynamic Currency Hedged Japan Equity Fund 6.5 43 0 9.3 +0.4
EWUS iShares MSCI United Kingdom Small Cap ETF 6.5 59 -16 8.5 -0.4
IPAC iShares Core MSCI Pacific ETF 6.3 9 34 7.4 -1.5
DDEZ WisdomTree Europe Multifactor Fund 6.3 43 0 7.1 -1.8
DWM WisdomTree International Equity Fund 5.8 48 -5 8.3 -0.6
VPL Vanguard FTSE Pacific ETF 5.6 8 35 7.8 -1.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 5.1 39 4 6.7 -2.2
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 5.1 30 13 7.5 -1.3
FLJP Franklin FTSE Japan ETF 5.0 9 34 7.8 -1.1
FLJH Franklin FTSE Japan Hedged ETF 5.0 9 34 7.8 -1.1
EWGS iShares MSCI Germany Small Cap ETF 4.9 59 -16 5.2 -3.7
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 4.4 24 19 7.3 -1.6
IEFA iShares Core MSCI EAFE ETF 4.3 7 36 7.4 -1.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 4.2 35 8 8.5 -0.4
IDEV iShares Core MSCI International Developed Markets ETF 3.9 5 38 7.3 -1.6
DRW WisdomTree Global ex-US Real Estate Fund 3.7 58 -15 10.6 +1.7
IQDG WisdomTree International Quality Dividend Growth Fund 3.7 38 5 6.4 -2.4
DTH WisdomTree DEFA Equity Income Fund 3.7 58 -15 9.7 +0.8
SCID Global X Scientific Beta Europe ETF 3.7 39 4 6.5 -2.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 3.5 58 -15 6.3 -2.6
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 3.4 10 33 9.1 +0.2
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 3.3 9 34 7.8 -1.0
VEA Vanguard FTSE Developed Markets ETF 3.3 5 38 7.5 -1.4
SDIV Global X SuperDividend ETF 3.1 59 -16 13.4 +4.5
JPXN iShares JPX-Nikkei 400 ETF 3.1 48 -5 7.5 -1.4
JPIN JPMorgan Diversified Return International Equity ETF 3.1 37 6 8.1 -0.8
EUDG WisdomTree Europe Quality Dividend Growth Fund 3.1 58 -15 6.1 -2.8
EFNL iShares MSCI Finland Capped ETF 3.0 53 -10 6.2 -2.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 3.0 29 14 8.8 -0.1
IXUS ishares Core MSCI Total International Stock ETF 2.9 9 34 7.5 -1.4
WPS iShares International Developed Property ETF 2.9 48 -5 7.9 -1.0
FDT First Trust Developed Markets ex-US Alphadex Fund 2.9 80 -37 7.7 -1.2
NORW Global X MSCI Norway ETF 2.7 50 -7 10.4 +1.5
ENOR iShares MSCI Norway Capped ETF 2.7 53 -10 10.3 +1.4
VNQI Vanguard Global ex-US Real Estate Index Fund 2.7 12 31 9.9 +1.1
SPDW SPDR Portfolio Developed World ex-US ETF 2.6 4 39 7.2 -1.6
VXUS Vanguard Total International Stock Index Fund 2.5 8 35 7.7 -1.2
FYLD Cambria Foreign Shareholder Yield ETF 2.5 59 -16 9.4 +0.5
SMEZ SPDR EURO STOXX Small Cap ETF 2.5 45 -2 6.4 -2.5
PICK iShares MSCI Global Metals & Mining Producers ETF 2.4 39 4 7.6 -1.3
IEUR iShares Core MSCI Europe ETF 2.3 9 34 7.3 -1.6
DXGE WisdomTree Germany Hedged Equity Fund 2.3 48 -5 8.8 -0.1
HEDJ WisdomTree Europe Hedged Equity Fund 2.3 58 -15 6.9 -2.0
KLDW Gavekal Knowledge Leaders Developed World ETF 2.3 75 -32 5.4 -3.5
FLAU Franklin FTSE Australia ETF 2.3 9 34 6.7 -2.2
VGK Vanguard FTSE Europe ETF 2.2 8 35 7.5 -1.4
SCIX Global X Scientific Beta Asia ex-Japan ETF 2.2 38 5 6.8 -2.1
JPGE JPMorgan Diversified Return Global Equity ETF 2.1 29 14 7.5 -1.4
FLM First Trust Global Engineering & Construction ETF 2.1 70 -27 9.1 +0.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 2.1 58 -15 7.9 -1.0
IFEU iShares Europe Development Real Estate ETF 2.1 48 -5 6.5 -2.4
FEU SPDR Portfolio Europe ETF 2.1 9 34 7.4 -1.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 2.0 45 -2 6.8 -2.1
GQRE FlexShares Global Quality Real Estate Index Fund 2.0 45 -2 6.9 -2.0
IFGL iShares International Developed Real Estate ETF 2.0 48 -5 7.6 -1.3
IGRO iShares International Dividend Growth ETF 1.9 22 21 8.1 -0.8
LVIN Hartford Multifactor Low Volatility International Equity ETF 1.9 29 14 12.3 +3.5
EIS iShares MSCI Israel ETF 1.8 59 -16 8.7 -0.2
ISRA VanEck Vectors Israel ETF 1.8 62 -19 6.8 -2.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.8 63 -20 12.7 +3.8
CUT Invesco MSCI Global Timber ETF 1.7 61 -18 9.3 +0.4
IDV iShares International Select Dividend ETF 1.7 49 -6 10.1 +1.3
VIDI Vident International Equity Fund 1.7 59 -16 11.5 +2.6
GRES IQ Global Resources ETF 1.7 77 -34 7.6 -1.3
LVHI Legg Mason International Low Volatility High Dividend ETF 1.6 40 3 9.2 +0.3
VSGX Vanguard ESG International Stock ETF 1.6 17 26 7.3 -1.6
EWO iShares MSCI Austria ETF 1.6 50 -7 11.1 +2.2
RFDI First Trust Riverfront Dynamic Developed International ETF 1.6 83 -40 5.7 -3.2
IMOM Alpha Architect International Quantitative Momentum ETF 1.6 59 -16 3.4 -5.5
FEP First Trust Europe AlphaDEX Fund 1.5 80 -37 7.8 -1.1
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 1.5 7 36 7.6 -1.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.5 59 -16 11.3 +2.4
VIGI Vanguard International Dividend Appreciation ETF 1.5 25 18 5.6 -3.3
IQIN IQ 500 International ETF 1.4 25 18 9.0 +0.1
SCHF Schwab International Equity ETF 1.4 6 37 7.4 -1.5
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 1.4 60 -17 7.2 -1.7
BBJP JPMorgan BetaBuilders Japan ETF 1.3 19 24 7.6 -1.3
VEGI iShares MSCI Global Agriculture Producers ETF 1.3 39 4 6.1 -2.8
FEUZ First Trust Eurozone AlphaDEX ETF 1.3 80 -37 7.8 -1.1

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

  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 Intl SmallCap 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 8.3 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 43 bp
Equals: ALTAR Score 8.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 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.