WisdomTree Dynamic Currency Hedged Int'l Equity
ALTAR
Score™
7.9% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
13.2x P/Sales
ratio
1.0x
P/BV
ratio
1.3x Div.
yield
4.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The WisdomTree Dynamic Currency Hedged International Equity ETF tracks an index of dividend-paying developed-market 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) $265
Currency USD
Expense ratio 35 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 844
Wgt avg mkt cap (mns) $59,496
Large cap (>$10bn) 77.7%
Mid cap ($2-10bn) 18.8%
Small cap (<$2bn) 3.5%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
NESTLE SA-REG 1.2 %
BP PLC 1.2 %
HSBC HOLDINGS PLC 1.2 %
TOYOTA MOTOR CORP 1.2 %
TOTAL SA 1.2 %
ROYAL DUTCH SHELL PLC-A SHS 1.1 %
CHINA MOBILE LIMITED 1.1 %
NOVARTIS AG-REG 1.1 %
ROYAL DUTCH SHELL PLC-B SHS 1.0 %
BRITISH AMERICAN TOBACCO PLC 0.9 %
Total 11.2 %

TOP COUNTRY EXPOSURE
JAPAN 20.2 %
BRITAIN 17.5 %
FRANCE 10.4 %
GERMANY 8.1 %
SWITZERLAND 7.1 %
AUSTRALIA 6.6 %
HONG KONG 5.1 %
SPAIN 3.8 %
ITALY 3.6 %
NETHERLANDS 2.8 %

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.
17.0% 9.9% -- -- 9.0%

Market Correlations
versus... Beta R-squared
S&P500 0.70 67%
MSCI EAFE 0.89 92%
MSCI Emg. Mkts. 0.57 62%

Technical Indicators
Recent close $29.73
30d moving avg. $29.53
Annualized volatility 10.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 74

Liquidity measures
Avg. volume (thou.) 33
Turnover 0.4%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $38,658

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the WisdomTree Dynamic Currency Hedged Int'l Equity ETF based on the alternatives' overlap in portfolio holdings with DDWM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DDWM Expense: 35 bp ALTAR Score™: 7.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DDWM
Ticker Fund
Name
Overlap1
vs DDWM
(%)
Expense
ratio
(bp)
Savings
vs DDWM
(bp)
ALTAR
Score™
(%)
ALTAR
vs DDWM
(%)
DWM WisdomTree DEFA Fund 84.4 48 -13 7.7 -0.2
DOL WisdomTree Int'l Large Cap Dividend 67.0 48 -13 7.8 -0.1
EFA iShares MSCI EAFE 65.8 31 4 7.0 -0.9
DBEF Xtrackers MSCI EAFE Hedged 64.6 35 0 6.9 -1.0
PXF Invesco FTSE-RAFI Developed ex-US 63.4 45 -10 8.2 +0.3
HFXI IQ 50 Percent Hedged FTSE Int'l 63.1 20 15 7.3 -0.6
PBDM Invesco PureBeta FTSE Developed ex-North America 62.6 7 28 7.6 -0.3
FNDF Schwab Fundamental Intl Large Cap 61.8 25 10 7.6 -0.3
EFAX SPDR MSCI EAFE Fossil Fuel Free 61.6 20 15 7.2 -0.7
IEFA iShares Core MSCI EAFE 61.6 7 28 7.1 -0.8
SCHF Schwab International Equity 59.3 6 29 7.4 -0.5
JHMD John Hancock Multifactor Developed International 58.9 45 -10 7.3 -0.6
IDEV iShares Core MSCI Int'l Developed Markets 57.4 5 30 7.2 -0.7
DTH WisdomTree DEFA Equity Income 56.8 58 -23 8.6 +0.7
SPDW SPDR Portfolio World ex-US 56.5 4 31 7.2 -0.7
ESGD iShares MSCI EAFE ESG Optimized 55.4 20 15 6.9 -1.0
EFV iShares MSCI EAFE Value 54.9 38 -3 9.1 +1.2
VEA Vanguard Europe Pacific 54.8 5 30 7.4 -0.5
REFA Invesco International Revenue ETF 54.8 42 -7 8.9 +1.0
IEUR iShares Core MSCI Europe 54.0 9 26 6.9 -1.0

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%.

Content on this tab for subscribers only**

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 Int'l Equity
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 10.4 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 7.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 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.