WisdomTree Dynamic Currency Hedged Int'l SmallCap
ALTAR
Score™
8.6% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
12.8x P/Sales
ratio
0.6x
P/BV
ratio
1.1x Div.
yield
4.2%


  • 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) $44
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 904
Wgt avg mkt cap (mns) $1,417
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 34.7%
Small cap (<$2bn) 65.0%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
ROYAL MAIL PLC 0.7 %
BPOST SA 0.7 %
FREENET AG 0.6 %
AZIMUT HOLDING SPA 0.5 %
BE SEMICONDUCTOR INDUSTRIES 0.5 %
HAMMERSON PLC 0.5 %
PORTUCEL EMPRESA PRODUTORA 0.5 %
BOVIS HOMES GROUP PLC 0.4 %
IOOF HOLDINGS LTD 0.4 %
AIR NEW ZEALAND 0.4 %
Total 5.1 %

TOP COUNTRY EXPOSURE
JAPAN 23.5 %
BRITAIN 12.9 %
AUSTRALIA 9.0 %
GERMANY 3.7 %
SWEDEN 3.2 %
ITALY 2.9 %
FRANCE 2.8 %
FINLAND 2.6 %
NORWAY 2.6 %
HONG KONG 2.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
16.4% 8.8% -- -- 9.4%

Market Correlations
versus... Beta R-squared
S&P500 0.72 68%
MSCI EAFE 0.89 86%
MSCI Emg. Mkts. 0.61 64%

Technical Indicators
Recent close $31.56
30d moving avg. $30.76
Annualized volatility 10.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 77

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.5%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $3,137

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the WisdomTree Dynamic Currency Hedged Int'l SmallCap 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™: 8.6%


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 Int'l SmallCap Dividend 68.0 58 -15 8.4 -0.2
DFE WisdomTree Europe Small Cap Dividend 29.8 58 -15 9.3 +0.7
SCZ iShares MSCI EAFE Small Cap 29.5 39 4 6.2 -2.4
FNDC Schwab Fundamental Intl Small Cap 27.8 39 4 4.7 -3.9
PDN Invesco FTSE RAFI Developed Mkts ex-US Small-Mid Cap 27.5 49 -6 6.7 -1.9
GWX SPDR International SmallCap 26.1 40 3 4.9 -3.7
SCHC Schwab Intl Small-Cap Equity 26.0 12 31 6.6 -2.0
ISDS Invesco Strategic Developed ex-US Small Company 22.7 35 8 5.2 -3.4
DXJS WisdomTree Japan Hedged Small 22.6 58 -15 8.1 -0.5
DFJ WisdomTree Japan Small Cap Dividend 22.5 58 -15 8.1 -0.5
IEUS iShares MSCI Europe Small Cap 22.3 40 3 6.2 -2.4
SCJ iShares MSCI Japan Small Cap 19.8 47 -4 6.3 -2.3
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 19.8 58 -15 7.5 -1.1
VSS Vanguard FTSE All World ex-US Small Cap 19.4 12 31 6.7 -1.9
ISCF iShares FactorSelect MSCI Intl Small-Cap 15.9 40 3 7.1 -1.5
TLTD FlexShares Mngstr Developed Mkts ex-US Factor Tilt 14.9 39 4 8.4 -0.2
FDTS First Trust Dev Mkts ex-US Small Cap Alpha 13.1 80 -37 9.4 +0.8
EWUS iShares MSCI United Kingdom Small Cap 12.1 59 -16 7.8 -0.8
DDEZ WisdomTree Dynamic Currency Hedged Europe Equity 7.2 43 0 6.8 -1.8
IDLB Invesco FTSE Int'l Low Beta Equal Weight 6.6 45 -2 7.0 -1.6

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

  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

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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 Int'l SmallCap
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 9.6 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 43 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 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.